MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH April 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
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READING THE REPORT
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : April 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : April 2018
LOS ANGELES COUNTY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$610,000
$617,100
$605,000
$650,000
6.6%
Average Price per Square Foot ..............
$468
$472
$466
$506
8.1%
Properties Sold ...................................
3879
4216
2945
3949
1.8%
Properties Pending Sale .......................
4982
4590
3670
4774
-4.2%
Properties For Sale ..............................
16,486
16,811
13,607
16,050
-2.6%
Days on Market (Pending Sale) .............
34
39
43
33
-2.9%
Month’s Supply of Inventory .................
4.3
4
4.6
4.1
-4.4%
Percent Under Contract .......................
30.2%
27.3%
27.0%
29.7%
-1.6%
Average Median Price for Last 12 Months
$589,292
$631,000
$646,667
$629,238
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 $610
APR MAY
$650,000
JUN JUL
MEDIAN SALES PRICE
AUG
$506
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEL-AIR HOLMBY HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,640,000
$1,892,500
$7,372,500
$3,100,000
89.0%
Average Price per Square Foot ..............
$1,439
$825
$1,388
$1,215
-15.6%
Properties Sold ...................................
16
18
8
9
-43.8%
Properties Pending Sale .......................
12
14
9
17
41.7%
Properties For Sale ..............................
162
171
135
172
6.2%
Days on Market (Pending Sale) .............
33
45
121
57
72.7%
Month’s Supply of Inventory .................
10.1
9.5
16.9
19.1
88.8%
Percent Under Contract .......................
7.4%
8.2%
6.7%
9.9%
33.4%
Average Median Price for Last 12 Months
$2,046,127
$3,476,211
$2,516,667
$2,917,851
29.9%
*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
$1.640
MAY
$3,100,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,215
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
19.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,474,812
$1,390,000
$1,804,438
$1,995,000
35.3%
Average Price per Square Foot ..............
$730
$794
$820
$884
21.1%
Properties Sold ...................................
24
17
10
15
-37.5%
Properties Pending Sale .......................
17
19
14
16
-5.9%
Properties For Sale ..............................
91
80
70
62
-31.9%
Days on Market (Pending Sale) .............
20
32
62
54
170.0%
Month’s Supply of Inventory .................
3.8
4.7
7
4.1
9.0%
Percent Under Contract .......................
18.7%
23.8%
20.0%
25.8%
38.1%
Average Median Price for Last 12 Months
$1,534,318
$1,810,823
$1,910,000
$1,753,754
12.5%
*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
$1.474
MAY
$1,995,000
JUN JUL
MEDIAN SALES PRICE
AUG
$884
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.995 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEVERLY HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$6,550,000
$8,505,250
$7,224,000
$4,293,500
-34.5%
Average Price per Square Foot ..............
$1,553
$1,458
$1,358
$1,638
5.5%
Properties Sold ...................................
16
10
8
10
-37.5%
Properties Pending Sale .......................
14
12
7
6
-57.1%
Properties For Sale ..............................
92
115
94
102
10.9%
Days on Market (Pending Sale) .............
73
60
69
40
-45.2%
Month’s Supply of Inventory .................
5.8
11.5
11.8
10.2
77.4%
Percent Under Contract .......................
15.2%
10.4%
7.4%
5.9%
-61.3%
Average Median Price for Last 12 Months
$5,170,055
$5,091,083
$4,557,500
$5,439,212
4.9%
*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 $6.550
APR MAY
$4,293,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,638
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.293 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEVERLY HILLS- POST OFFICE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$7,988,000
$3,400,000
$2,301,000
$2,375,000
-70.3%
Average Price per Square Foot ..............
$1,250
$943
$857
$1,098
-12.2%
Properties Sold ...................................
7
13
8
13
85.7%
Properties Pending Sale .......................
20
16
10
12
-40.0%
Properties For Sale ..............................
182
167
154
163
-10.4%
Days on Market (Pending Sale) .............
58
72
120
107
84.5%
Month’s Supply of Inventory .................
26
12.8
19.2
12.5
-51.8%
Percent Under Contract .......................
11.0%
9.6%
6.5%
7.4%
-33.0%
Average Median Price for Last 12 Months
$3,148,408
$2,650,917
$2,359,833
$3,346,019
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 $7.988
APR MAY
$2,375,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,098
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.375 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEVERLYWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,350,000
$1,605,000
$1,674,500
$1,466,250
8.6%
Average Price per Square Foot ..............
$743
$760
$802
$858
15.5%
Properties Sold ...................................
15
11
10
16
6.7%
Properties Pending Sale .......................
21
11
9
11
-47.6%
Properties For Sale ..............................
42
47
45
50
19.0%
Days on Market (Pending Sale) .............
44
25
38
37
-15.9%
Month’s Supply of Inventory .................
2.8
4.3
4.5
3.1
11.6%
Percent Under Contract .......................
50.0%
23.4%
20.0%
22.0%
-56.0%
Average Median Price for Last 12 Months
$1,243,111
$1,594,717
$1,498,767
$1,513,890
17.9%
*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
$1.350
MAY
$1,466,250
JUN JUL
MEDIAN SALES PRICE
AUG
$858
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.466 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BRENTWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,828,170
$4,355,000
$3,064,550
$2,550,000
-9.8%
Average Price per Square Foot ..............
$1,025
$985
$888
$1,039
1.4%
Properties Sold ...................................
19
19
16
15
-21.1%
Properties Pending Sale .......................
35
21
18
26
-25.7%
Properties For Sale ..............................
155
156
127
159
2.6%
Days on Market (Pending Sale) .............
37
59
88
40
8.1%
Month’s Supply of Inventory .................
8.2
8.2
7.9
10.6
29.9%
Percent Under Contract .......................
22.6%
13.5%
14.2%
16.4%
-27.6%
Average Median Price for Last 12 Months
$3,319,848
$3,137,425
$2,998,333
$3,167,709
-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
$2.828
MAY
$2,550,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,039
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,967,000
$2,755,000
$1,375,000
$2,180,000
10.8%
Average Price per Square Foot ..............
$823
$732
$1,024
$767
-6.8%
Properties Sold ...................................
9
2
3
3
-66.7%
Properties Pending Sale .......................
14
6
3
10
-28.6%
Properties For Sale ..............................
33
28
21
26
-21.2%
Days on Market (Pending Sale) .............
50
23
43
19
-62.0%
Month’s Supply of Inventory .................
3.7
14
7
8.7
136.4%
Percent Under Contract .......................
42.4%
21.4%
14.3%
38.5%
-9.3%
Average Median Price for Last 12 Months
$2,045,708
$1,983,375
$2,293,833
$2,067,521
1.1%
*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
$1.967
MAY
$2,180,000
JUN JUL
MEDIAN SALES PRICE
AUG
$767
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.180 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CULVER CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,400,000
$1,200,000
$1,225,000
$1,880,000
34.3%
Average Price per Square Foot ..............
$711
$887
$779
$700
-1.5%
Properties Sold ...................................
19
17
13
22
15.8%
Properties Pending Sale .......................
20
21
8
19
-5.0%
Properties For Sale ..............................
58
62
36
64
10.3%
Days on Market (Pending Sale) .............
18
25
49
20
11.1%
Month’s Supply of Inventory .................
3.1
3.6
2.8
2.9
-4.7%
Percent Under Contract .......................
34.5%
33.9%
22.2%
29.7%
-13.9%
Average Median Price for Last 12 Months
$1,162,750
$1,398,531
$1,622,396
$1,285,284
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
$1.400
MAY
$1,880,000
JUN JUL
MEDIAN SALES PRICE
AUG
$700
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.880 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DOWNTOWN
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$489,000
$367,000
$356,430
$399,500
-18.3%
Average Price per Square Foot ..............
$323
$286
$296
$359
11.1%
Properties Sold ...................................
10
10
12
8
-20.0%
Properties Pending Sale .......................
9
12
14
8
-11.1%
Properties For Sale ..............................
48
58
49
46
-4.2%
Days on Market (Pending Sale) .............
55
57
29
39
-29.1%
Month’s Supply of Inventory .................
4.8
5.8
4.1
5.8
19.8%
Percent Under Contract .......................
18.8%
20.7%
28.6%
17.4%
-7.2%
Average Median Price for Last 12 Months
$356,570
$418,572
$400,667
$398,668
10.6%
*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 $489
APR MAY
$399,500
JUN JUL
MEDIAN SALES PRICE
AUG
$359
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$399 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HANCOCK PARK - WILSHIRE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,598,750
$1,675,000
$1,899,000
$1,627,250
1.8%
Average Price per Square Foot ..............
$734
$759
$578
$806
9.8%
Properties Sold ...................................
30
19
15
20
-33.3%
Properties Pending Sale .......................
19
28
18
33
73.7%
Properties For Sale ..............................
93
102
86
105
12.9%
Days on Market (Pending Sale) .............
47
29
47
37
-21.3%
Month’s Supply of Inventory .................
3.1
5.4
5.7
5.2
69.4%
Percent Under Contract .......................
20.4%
27.5%
20.9%
31.4%
53.8%
Average Median Price for Last 12 Months
$1,685,772
$1,643,630
$1,562,417
$1,658,675
-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
$1.598
MAY
$1,627,250
JUN JUL
MEDIAN SALES PRICE
AUG
$806
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.627 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HOLLYWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$845,000
$1,024,000
$750,000
$927,500
9.8%
Average Price per Square Foot ..............
$551
$607
$574
$612
11.1%
Properties Sold ...................................
3
11
5
7
133.3%
Properties Pending Sale .......................
6
11
8
12
100.0%
Properties For Sale ..............................
37
45
39
55
48.6%
Days on Market (Pending Sale) .............
22
49
37
24
9.1%
Month’s Supply of Inventory .................
12.3
4.1
7.8
7.9
-36.3%
Percent Under Contract .......................
16.2%
24.4%
20.5%
21.8%
34.5%
Average Median Price for Last 12 Months
$868,837
$1,045,333
$1,116,667
$995,298
12.7%
*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
$845
MAY
$927,500
JUN JUL
MEDIAN SALES PRICE
AUG
$612
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$927 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HOLLYWOOD HILLS EAST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,625,000
$1,360,000
$1,249,000
$1,525,000
-6.2%
Average Price per Square Foot ..............
$739
$728
$582
$655
-11.4%
Properties Sold ...................................
13
15
7
15
15.4%
Properties Pending Sale .......................
15
5
15
18
20.0%
Properties For Sale ..............................
98
77
75
70
-28.6%
Days on Market (Pending Sale) .............
28
26
42
51
82.1%
Month’s Supply of Inventory .................
6.5
15.4
5
4.7
-28.6%
Percent Under Contract .......................
15.3%
6.5%
20.0%
25.7%
68.0%
Average Median Price for Last 12 Months
$1,499,285
$1,512,000
$1,574,167
$1,482,900
-1.1%
*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 $1.625
APR MAY
$1,525,000
JUN JUL
MEDIAN SALES PRICE
AUG
$655
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.525 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
INGLEWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$523,375
$515,000
$625,000
$615,000
17.5%
Average Price per Square Foot ..............
$382
$398
$400
$426
11.5%
Properties Sold ...................................
26
27
11
18
-30.8%
Properties Pending Sale .......................
23
16
18
22
-4.3%
Properties For Sale ..............................
62
70
66
70
12.9%
Days on Market (Pending Sale) .............
38
24
32
34
-10.5%
Month’s Supply of Inventory .................
2.7
4.4
3.7
3.9
44.3%
Percent Under Contract .......................
37.1%
22.9%
27.3%
31.4%
-15.3%
Average Median Price for Last 12 Months
$474,856
$577,417
$567,333
$555,706
14.5%
*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
$523
MAY
$615,000
JUN JUL
MEDIAN SALES PRICE
AUG
$426
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$615 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LADERA HEIGHTS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,050,000
$1,492,500
$1,452,850
$1,234,500
17.6%
Average Price per Square Foot ..............
$379
$398
$513
$458
20.8%
Properties Sold ...................................
5
6
2
6
20.0%
Properties Pending Sale .......................
6
5
3
3
-50.0%
Properties For Sale ..............................
24
22
20
14
-41.7%
Days on Market (Pending Sale) .............
14
36
24
136
871.4%
Month’s Supply of Inventory .................
4
4.4
6.7
2.3
-41.7%
Percent Under Contract .......................
25.0%
22.7%
15.0%
21.4%
-14.3%
Average Median Price for Last 12 Months
$1,017,729
$1,206,050
$1,187,167
$1,191,715
14.6%
*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
$1.050
MAY
$1,234,500
JUN JUL
MEDIAN SALES PRICE
AUG
$458
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.234 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LAUREL CANYON
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,600,000
$1,702,500
$2,050,000
$1,920,000
20.0%
Average Price per Square Foot ..............
$703
$784
$863
$1,169
66.3%
Properties Sold ...................................
23
34
19
31
34.8%
Properties Pending Sale .......................
24
34
16
27
12.5%
Properties For Sale ..............................
163
176
139
166
1.8%
Days on Market (Pending Sale) .............
36
43
50
26
-27.8%
Month’s Supply of Inventory .................
6.8
5.2
8.7
6.1
-9.5%
Percent Under Contract .......................
14.7%
19.3%
11.5%
16.3%
10.5%
Average Median Price for Last 12 Months
$1,628,674
$1,986,875
$2,097,917
$1,843,077
13.2%
*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
$1.600
MAY
$1,920,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,169
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LOS FELIZ
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,685,000
$1,625,000
$2,000,000
$1,880,000
11.6%
Average Price per Square Foot ..............
$805
$810
$763
$700
-13.0%
Properties Sold ...................................
19
18
13
22
15.8%
Properties Pending Sale .......................
29
18
9
19
-34.5%
Properties For Sale ..............................
98
91
74
64
-34.7%
Days on Market (Pending Sale) .............
53
46
39
20
-62.3%
Month’s Supply of Inventory .................
3.4
5.1
8.2
2.9
-13.9%
Percent Under Contract .......................
29.6%
19.8%
12.2%
29.7%
0.3%
Average Median Price for Last 12 Months
$1,571,493
$1,811,667
$1,768,333
$1,739,500
9.7%
*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
$1.685
MAY
$1,880,000
JUN JUL
MEDIAN SALES PRICE
AUG
$700
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.880 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MALIBU
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$4,225,000
$3,275,000
$2,445,500
$3,462,500
-18.0%
Average Price per Square Foot ..............
$1,142
$966
$777
$944
-17.3%
Properties Sold ...................................
4
18
12
14
250.0%
Properties Pending Sale .......................
17
13
10
18
5.9%
Properties For Sale ..............................
212
205
187
215
1.4%
Days on Market (Pending Sale) .............
134
163
106
55
-59.0%
Month’s Supply of Inventory .................
53
11.4
15.6
15.4
-71.0%
Percent Under Contract .......................
8.0%
6.3%
5.3%
8.4%
4.4%
Average Median Price for Last 12 Months
$2,800,750
$2,342,167
$2,530,833
$2,709,517
-3.4%
*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 $4.225
APR MAY
$3,462,500
JUN JUL
MEDIAN SALES PRICE
AUG
$944
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
15.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.462 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MALIBU BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$10,113,500
$6,975,000
$5,723,807
$10,750,000
6.3%
Average Price per Square Foot ..............
$2,162
$1,999
$1,963
$2,684
24.1%
Properties Sold ...................................
2
5
6
6
200.0%
Properties Pending Sale .......................
8
2
6
7
-12.5%
Properties For Sale ..............................
84
83
73
87
3.6%
Days on Market (Pending Sale) .............
87
171
159
130
49.4%
Month’s Supply of Inventory .................
42
16.6
12.2
14.5
-65.5%
Percent Under Contract .......................
9.5%
2.4%
8.2%
8.0%
-15.5%
Average Median Price for Last 12 Months
$7,643,062
$9,747,718
$8,400,000
$8,708,831
12.2%
*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
$10.113
MAY
$10,750,000
JUN JUL
MEDIAN SALES PRICE
AUG
$2,684
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
14.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$10.750 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MARINA DEL REY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,410,000
$1,825,000
$1,605,000
$1,525,000
8.2%
Average Price per Square Foot ..............
$777
$801
$801
$773
-0.5%
Properties Sold ...................................
5
8
4
8
60.0%
Properties Pending Sale .......................
8
8
7
5
-37.5%
Properties For Sale ..............................
38
33
33
33
-13.2%
Days on Market (Pending Sale) .............
62
36
106
12
-80.6%
Month’s Supply of Inventory .................
7.6
4.1
8.2
4.1
-45.7%
Percent Under Contract .......................
21.1%
24.2%
21.2%
15.2%
-28.0%
Average Median Price for Last 12 Months
$1,508,210
$1,699,379
$1,533,592
$1,524,983
1.1%
*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
$1.410
MAY
$1,525,000
JUN JUL
MEDIAN SALES PRICE
AUG
$773
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.525 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MID LOS ANGELES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$620,000
$795,000
$660,400
$780,000
25.8%
Average Price per Square Foot ..............
$426
$463
$458
$497
16.7%
Properties Sold ...................................
34
35
22
35
2.9%
Properties Pending Sale .......................
56
46
29
41
-26.8%
Properties For Sale ..............................
147
120
106
118
-19.7%
Days on Market (Pending Sale) .............
30
46
49
30
0.0%
Month’s Supply of Inventory .................
4.3
3.4
4.8
3.4
-22.0%
Percent Under Contract .......................
38.1%
38.3%
27.4%
34.7%
-8.8%
Average Median Price for Last 12 Months
$627,852
$716,900
$777,667
$725,588
13.5%
*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
$620
MAY
$780,000
JUN JUL
MEDIAN SALES PRICE
AUG
$497
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MID WILSHIRE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$813,750
$880,000
$1,175,000
$1,150,000
41.3%
Average Price per Square Foot ..............
$508
$514
$835
$770
51.6%
Properties Sold ...................................
4
6
1
4
0.0%
Properties Pending Sale .......................
5
5
2
3
-40.0%
Properties For Sale ..............................
31
30
23
23
-25.8%
Days on Market (Pending Sale) .............
45
49
54
20
-55.6%
Month’s Supply of Inventory .................
7.8
5
23
5.8
-25.8%
Percent Under Contract .......................
16.1%
16.7%
8.7%
13.0%
-19.1%
Average Median Price for Last 12 Months
$862,075
$1,065,800
$1,091,250
$1,018,896
15.4%
*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
$813
MAY
$1,150,000
JUN JUL
MEDIAN SALES PRICE
AUG
$770
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.150 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PACIFIC PALISADES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,947,305
$3,365,000
$2,843,000
$3,553,000
20.6%
Average Price per Square Foot ..............
$910
$916
$1,261
$1,191
30.9%
Properties Sold ...................................
20
25
10
23
15.0%
Properties Pending Sale .......................
26
22
16
25
-3.8%
Properties For Sale ..............................
123
105
109
108
-12.2%
Days on Market (Pending Sale) .............
34
54
71
60
76.5%
Month’s Supply of Inventory .................
6.2
4.2
10.9
4.7
-23.6%
Percent Under Contract .......................
21.1%
21.0%
14.7%
23.1%
9.5%
Average Median Price for Last 12 Months
$2,962,957
$3,245,700
$3,563,615
$3,302,421
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
$2.947
MAY
$3,553,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,191
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.553 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PALMS - MAR VISTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,485,000
$1,511,760
$1,555,750
$1,740,320
17.2%
Average Price per Square Foot ..............
$824
$792
$777
$848
2.9%
Properties Sold ...................................
22
38
22
36
63.6%
Properties Pending Sale .......................
29
37
27
29
0.0%
Properties For Sale ..............................
96
100
71
85
-11.5%
Days on Market (Pending Sale) .............
34
37
29
30
-11.8%
Month’s Supply of Inventory .................
4.4
2.6
3.2
2.4
-45.9%
Percent Under Contract .......................
30.2%
37.0%
38.0%
34.1%
12.9%
Average Median Price for Last 12 Months
$1,421,096
$1,606,428
$1,650,107
$1,545,204
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
$1.485
MAY
$1,740,320
JUN JUL
MEDIAN SALES PRICE
AUG
$848
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.740 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PLAYA DEL REY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,655,000
$1,632,500
$1,850,000
$2,042,500
23.4%
Average Price per Square Foot ..............
$823
$551
$622
$508
-38.3%
Properties Sold ...................................
3
2
3
6
100.0%
Properties Pending Sale .......................
7
2
5
7
0.0%
Properties For Sale ..............................
18
21
27
32
77.8%
Days on Market (Pending Sale) .............
51
16
24
27
-47.1%
Month’s Supply of Inventory .................
6
10.5
9
5.3
-11.1%
Percent Under Contract .......................
38.9%
9.5%
18.5%
21.9%
-43.8%
Average Median Price for Last 12 Months
$1,349,958
$1,630,008
$1,823,092
$1,672,850
19.3%
*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
$1.655
MAY
$2,042,500
JUN JUL
MEDIAN SALES PRICE
AUG
$508
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.042 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PLAYA VISTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,300,000
$4,019,598
$3,135,000
$2,013,500
-12.5%
Average Price per Square Foot ..............
$647
$939
$907
$610
-5.7%
Properties Sold ...................................
1
1
2
2
100.0%
Properties Pending Sale .......................
7
3
1
2
-71.4%
Properties For Sale ..............................
18
13
8
10
-44.4%
Days on Market (Pending Sale) .............
42
26
3
128
204.8%
Month’s Supply of Inventory .................
18
13
4
0.2
-98.9%
Percent Under Contract .......................
38.9%
23.1%
12.5%
20.0%
-48.6%
Average Median Price for Last 12 Months
$1,488,604
$2,256,650
$2,036,875
$2,362,951
58.7%
*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
$2.300
MAY
$2,013,500
JUN JUL
MEDIAN SALES PRICE
AUG
$610
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
0.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.013 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA MONICA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,273,000
$3,804,000
$2,111,000
$4,210,000
85.2%
Average Price per Square Foot ..............
$1,204
$1,229
$1,352
$1,239
2.9%
Properties Sold ...................................
24
14
7
15
-37.5%
Properties Pending Sale .......................
18
18
13
21
16.7%
Properties For Sale ..............................
86
90
80
102
18.6%
Days on Market (Pending Sale) .............
44
41
55
34
-22.7%
Month’s Supply of Inventory .................
3.6
6.4
11.4
6.8
89.8%
Percent Under Contract .......................
20.9%
20.0%
16.2%
20.6%
-1.6%
Average Median Price for Last 12 Months
$2,332,912
$3,017,875
$3,159,083
$2,975,135
21.6%
*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
$2.273
MAY
$4,210,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,239
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.210 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,680,000
$1,742,500
$1,870,000
$1,920,000
14.3%
Average Price per Square Foot ..............
$751
$776
$787
$1,059
41.0%
Properties Sold ...................................
34
36
27
43
26.5%
Properties Pending Sale .......................
32
49
36
39
21.9%
Properties For Sale ..............................
324
366
317
364
12.3%
Days on Market (Pending Sale) .............
34
46
50
53
55.9%
Month’s Supply of Inventory .................
9.5
10.2
11.7
8.5
-11.2%
Percent Under Contract .......................
9.9%
13.4%
11.4%
10.7%
8.5%
Average Median Price for Last 12 Months
$1,764,478
$2,049,583
$2,157,917
$1,923,385
8.3%
*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
$1.680
MAY
$1,920,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,059
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
VENICE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,150,000
$1,925,250
$2,050,000
$2,000,000
-7.0%
Average Price per Square Foot ..............
$1,474
$1,217
$1,119
$958
-35.0%
Properties Sold ...................................
17
16
11
12
-29.4%
Properties Pending Sale .......................
17
27
14
22
29.4%
Properties For Sale ..............................
93
98
83
108
16.1%
Days on Market (Pending Sale) .............
35
42
42
57
62.9%
Month’s Supply of Inventory .................
5.5
6.1
7.5
9
64.5%
Percent Under Contract .......................
18.3%
27.6%
16.9%
20.4%
11.4%
Average Median Price for Last 12 Months
$1,852,311
$2,026,917
$2,063,000
$2,118,212
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
$2.150
MAY
$2,000,000
JUN JUL
MEDIAN SALES PRICE
AUG
$958
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST HOLLYWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,622,500
$1,580,000
$1,961,250
$1,705,000
5.1%
Average Price per Square Foot ..............
$952
$914
$1,049
$1,160
21.8%
Properties Sold ...................................
15
14
8
11
-26.7%
Properties Pending Sale .......................
12
12
3
16
33.3%
Properties For Sale ..............................
55
62
45
61
10.9%
Days on Market (Pending Sale) .............
46
48
55
26
-43.5%
Month’s Supply of Inventory .................
3.7
4.4
5.6
5.5
51.2%
Percent Under Contract .......................
21.8%
19.4%
6.7%
26.2%
20.2%
Average Median Price for Last 12 Months
$1,613,502
$1,994,792
$2,055,833
$1,852,604
12.9%
*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
$1.622
MAY
$1,705,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,160
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.705 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST LOS ANGELES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,265,000
$1,250,000
$1,233,075
$1,799,999
42.3%
Average Price per Square Foot ..............
$771
$806
$883
$748
-3.0%
Properties Sold ...................................
12
12
6
9
-25.0%
Properties Pending Sale .......................
15
9
8
13
-13.3%
Properties For Sale ..............................
44
38
33
48
9.1%
Days on Market (Pending Sale) .............
17
39
45
42
147.1%
Month’s Supply of Inventory .................
3.7
3.2
5.5
5.3
45.5%
Percent Under Contract .......................
34.1%
23.7%
24.2%
27.1%
-20.6%
Average Median Price for Last 12 Months
$1,033,604
$1,423,262
$1,484,666
$1,305,563
26.3%
*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
$1.265
MAY
$1,799,999
JUN JUL
MEDIAN SALES PRICE
AUG
$748
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.799 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WESTCHESTER
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,262,500
$1,160,000
$1,047,544
$1,247,240
-1.2%
Average Price per Square Foot ..............
$670
$638
$682
$732
9.3%
Properties Sold ...................................
16
34
20
32
100.0%
Properties Pending Sale .......................
28
35
22
30
7.1%
Properties For Sale ..............................
92
91
64
95
3.3%
Days on Market (Pending Sale) .............
24
32
46
23
-4.2%
Month’s Supply of Inventory .................
5.8
2.7
3.2
3
-48.4%
Percent Under Contract .......................
30.4%
38.5%
34.4%
31.6%
3.8%
Average Median Price for Last 12 Months
$1,095,246
$1,175,797
$1,204,080
$1,176,253
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 $1.262
APR MAY
$1,247,240
JUN JUL
MEDIAN SALES PRICE
AUG
$732
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.247 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WESTWOOD - CENTURY CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,880,066
$1,671,111
$2,235,500
$2,247,500
-22.0%
Average Price per Square Foot ..............
$878
$847
$1,009
$862
-1.8%
Properties Sold ...................................
12
10
11
18
50.0%
Properties Pending Sale .......................
20
12
13
17
-15.0%
Properties For Sale ..............................
68
60
59
60
-11.8%
Days on Market (Pending Sale) .............
23
31
27
40
73.9%
Month’s Supply of Inventory .................
5.7
6
5.4
3.3
-41.2%
Percent Under Contract .......................
29.4%
20.0%
22.0%
28.3%
-3.7%
Average Median Price for Last 12 Months
$1,998,766
$2,289,083
$2,438,333
$2,251,486
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 $2.880
APR MAY
$2,247,500
JUN JUL
MEDIAN SALES PRICE
AUG
$862
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.247 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SOUTH BAY MACRO MARKET
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,233,967
$1,423,617
$1,405,402
$1,356,990
10.0%
Average Price per Square Foot ..............
$631
$639
$684
$655
3.8%
Properties Sold ...................................
206
220
136
209
1.5%
Properties Pending Sale .......................
276
230
192
256
-7.2%
Properties For Sale ..............................
927
882
607
830
-10.5%
Days on Market (Pending Sale) .............
29
50
56
29
2.6%
Month’s Supply of Inventory .................
4.5
4
4.5
4
-11.7%
Percent Under Contract .......................
29.8%
26.1%
31.6%
30.8%
3.6%
Average Median Price for Last 12 Months
$1,252,931
$1,317,696
$1,312,988
$1,360,690
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
$1.233
MAY
$1,356,990
JUN JUL
MEDIAN SALES PRICE
AUG
$655
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.356 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
EL SEGUNDO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,212,500
$1,309,500
$1,555,000
$1,217,000
0.4%
Average Price per Square Foot ..............
$784
$812
$632
$721
-8.0%
Properties Sold ...................................
4
7
3
12
200.0%
Properties Pending Sale .......................
3
6
8
6
100.0%
Properties For Sale ..............................
20
23
18
18
-10.0%
Days on Market (Pending Sale) .............
30
28
39
22
-26.7%
Month’s Supply of Inventory .................
5
0
6
1.5
-70.0%
Percent Under Contract .......................
15.0%
26.1%
44.4%
33.3%
122.2%
Average Median Price for Last 12 Months
$1,289,673
$1,385,917
$1,408,167
$1,325,962
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
$1.212
MAY
$1,217,000
JUN JUL
MEDIAN SALES PRICE
AUG
$721
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.217 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HERMOSA BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,475,000
$2,225,000
$2,002,500
$3,050,000
106.8%
Average Price per Square Foot ..............
$923
$1,175
$1,596
$1,147
24.3%
Properties Sold ...................................
6
9
10
9
50.0%
Properties Pending Sale .......................
13
16
5
12
-7.7%
Properties For Sale ..............................
48
46
29
50
4.2%
Days on Market (Pending Sale) .............
46
57
37
55
19.6%
Month’s Supply of Inventory .................
8
5.1
2.9
5.6
-30.6%
Percent Under Contract .......................
27.1%
34.8%
17.2%
24.0%
-11.4%
Average Median Price for Last 12 Months
$1,691,658
$2,004,917
$2,149,833
$2,069,885
22.4%
*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
$1.475
MAY
$3,050,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,147
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MANHATTAN BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,150,000
$3,285,000
$2,315,000
$2,400,000
11.6%
Average Price per Square Foot ..............
$911
$1,094
$1,161
$1,065
16.9%
Properties Sold ...................................
35
21
16
18
-48.6%
Properties Pending Sale .......................
39
30
17
24
-38.5%
Properties For Sale ..............................
148
133
76
121
-18.2%
Days on Market (Pending Sale) .............
36
58
50
26
-27.8%
Month’s Supply of Inventory .................
4.2
6.3
4.8
6.7
59.0%
Percent Under Contract .......................
26.4%
22.6%
22.4%
19.8%
-24.7%
Average Median Price for Last 12 Months
$2,235,208
$2,346,667
$2,296,667
$2,430,500
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
$2.150
MAY
$2,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,065
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PALOS VERDES ESTATES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,200,000
$1,682,750
$1,607,500
$1,725,000
-21.6%
Average Price per Square Foot ..............
$742
$785
$738
$664
-10.5%
Properties Sold ...................................
19
10
12
14
-26.3%
Properties Pending Sale .......................
20
13
15
26
30.0%
Properties For Sale ..............................
95
82
59
90
-5.3%
Days on Market (Pending Sale) .............
48
51
68
58
20.8%
Month’s Supply of Inventory .................
5
8.2
4.9
6.4
28.6%
Percent Under Contract .......................
21.1%
15.9%
25.4%
28.9%
37.2%
Average Median Price for Last 12 Months
$1,935,925
$1,744,583
$1,798,000
$1,881,481
-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 $2.200
APR MAY
$1,725,000
JUN JUL
MEDIAN SALES PRICE
AUG
$664
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.725 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
RANCHO PALOS VERDES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,353,000
$1,325,000
$1,322,525
$1,322,500
-2.3%
Average Price per Square Foot ..............
$540
$547
$561
$656
21.5%
Properties Sold ...................................
23
37
23
30
30.4%
Properties Pending Sale .......................
44
27
33
46
4.5%
Properties For Sale ..............................
143
145
107
140
-2.1%
Days on Market (Pending Sale) .............
34
33
56
54
58.8%
Month’s Supply of Inventory .................
6.2
3.9
4.7
4.7
-24.9%
Percent Under Contract .......................
30.8%
18.6%
30.8%
32.9%
6.8%
Average Median Price for Last 12 Months
$1,289,708
$1,312,171
$1,340,833
$1,368,156
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
$1.353
MAY
$1,322,500
JUN JUL
MEDIAN SALES PRICE
AUG
$656
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.322 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
REDONDO BEACH- NORTH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$950,000
$1,147,000
$1,030,000
$1,155,000
21.6%
Average Price per Square Foot ..............
$621
$608
$594
$619
-0.3%
Properties Sold ...................................
17
14
10
17
0.0%
Properties Pending Sale .......................
21
14
21
7
-66.7%
Properties For Sale ..............................
55
45
31
28
-49.1%
Days on Market (Pending Sale) .............
12
41
27
22
83.3%
Month’s Supply of Inventory .................
3.2
3.2
3.1
1.6
-49.1%
Percent Under Contract .......................
38.2%
31.1%
67.7%
25.0%
-34.5%
Average Median Price for Last 12 Months
$940,917
$1,011,333
$1,066,333
$1,011,462
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
$950
MAY
$1,155,000
JUN JUL
MEDIAN SALES PRICE
AUG
$619
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.155 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
REDONDO BEACH- SOUTH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,447,500
$1,650,000
$1,537,000
$1,716,000
18.5%
Average Price per Square Foot ..............
$738
$690
$648
$793
7.5%
Properties Sold ...................................
10
13
6
16
60.0%
Properties Pending Sale .......................
13
16
9
16
23.1%
Properties For Sale ..............................
55
53
33
49
-10.9%
Days on Market (Pending Sale) .............
13
25
74
36
176.9%
Month’s Supply of Inventory .................
5.5
4.1
5.5
3.1
-44.3%
Percent Under Contract .......................
23.6%
30.2%
27.3%
32.7%
38.1%
Average Median Price for Last 12 Months
$1,380,456
$1,546,563
$1,599,625
$1,509,875
9.4%
*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
$1.447
MAY
$1,716,000
JUN JUL
MEDIAN SALES PRICE
AUG
$793
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.716 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ROLLING HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,195,000
$3,059,500
$3,500,000
$1,915,000
-12.8%
Average Price per Square Foot ..............
$757
$578
$768
$635
-16.1%
Properties Sold ...................................
1
2
3
2
100.0%
Properties Pending Sale .......................
3
3
3
3
0.0%
Properties For Sale ..............................
36
35
30
37
2.8%
Days on Market (Pending Sale) .............
42
175
127
35
-16.7%
Month’s Supply of Inventory .................
36
17.5
10
18.5
-48.6%
Percent Under Contract .......................
8.3%
8.6%
10.0%
8.1%
-2.7%
Average Median Price for Last 12 Months
$2,321,146
$2,543,500
$1,875,833
$2,713,450
16.9%
*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
$2.195
MAY
$1,915,000
JUN JUL
MEDIAN SALES PRICE
AUG
$635
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
18.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.915 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ROLLING HILLS ESTATES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,420,000
$1,210,000
$1,850,000
$1,875,000
32.0%
Average Price per Square Foot ..............
$565
$494
$566
$596
5.5%
Properties Sold ...................................
3
3
3
8
166.7%
Properties Pending Sale .......................
11
2
5
4
-63.6%
Properties For Sale ..............................
38
33
18
21
-44.7%
Days on Market (Pending Sale) .............
27
78
93
37
37.0%
Month’s Supply of Inventory .................
12.7
11
6
2.6
-79.3%
Percent Under Contract .......................
28.9%
6.1%
27.8%
19.0%
-34.2%
Average Median Price for Last 12 Months
$1,558,959
$1,678,083
$1,763,500
$1,609,769
3.3%
*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
$1.420
MAY
$1,875,000
JUN JUL
MEDIAN SALES PRICE
AUG
$596
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN PEDRO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$585,000
$634,500
$697,500
$680,000
16.2%
Average Price per Square Foot ..............
$445
$452
$384
$442
-0.7%
Properties Sold ...................................
33
30
11
27
-18.2%
Properties Pending Sale .......................
34
32
30
32
-5.9%
Properties For Sale ..............................
112
107
85
96
-14.3%
Days on Market (Pending Sale) .............
44
48
40
18
-59.1%
Month’s Supply of Inventory .................
3.4
3.6
7.7
3.6
4.8%
Percent Under Contract .......................
30.4%
29.9%
35.3%
33.3%
9.8%
Average Median Price for Last 12 Months
$624,517
$649,667
$656,667
$658,308
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
$585
MAY
$680,000
JUN JUL
MEDIAN SALES PRICE
AUG
$442
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$680 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TORRANCE- COUNTY STRIP
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$450,000
$575,000
$450,000
$613,500
36.3%
Average Price per Square Foot ..............
$385
$414
$534
$383
-0.5%
Properties Sold ...................................
2
8
1
4
100.0%
Properties Pending Sale .......................
9
7
3
4
-55.6%
Properties For Sale ..............................
20
21
14
11
-45.0%
Days on Market (Pending Sale) .............
23
41
141
4
-82.6%
Month’s Supply of Inventory .................
10
2.6
14
2.8
-72.5%
Percent Under Contract .......................
45.0%
33.3%
21.4%
36.4%
-19.2%
Average Median Price for Last 12 Months
$509,679
$552,000
$581,667
$541,000
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
$450
MAY
$613,500
JUN JUL
MEDIAN SALES PRICE
AUG
$383
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$613 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TORRANCE- NORTH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$651,000
$667,000
$697,500
$737,500
13.3%
Average Price per Square Foot ..............
$450
$500
$456
$475
5.6%
Properties Sold ...................................
21
17
12
12
-42.9%
Properties Pending Sale .......................
11
11
10
13
18.2%
Properties For Sale ..............................
30
36
23
35
16.7%
Days on Market (Pending Sale) .............
8
27
14
20
150.0%
Month’s Supply of Inventory .................
1.4
2.1
1.9
2.9
104.2%
Percent Under Contract .......................
36.7%
30.6%
43.5%
37.1%
1.3%
Average Median Price for Last 12 Months
$632,104
$704,542
$724,917
$691,212
9.4%
*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
$651
MAY
$737,500
JUN JUL
MEDIAN SALES PRICE
AUG
$475
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$737 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TORRANCE- SOUTH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$890,500
$882,500
$981,500
$901,000
1.2%
Average Price per Square Foot ..............
$539
$542
$555
$634
17.6%
Properties Sold ...................................
18
20
8
15
-16.7%
Properties Pending Sale .......................
22
26
14
30
36.4%
Properties For Sale ..............................
49
63
35
59
20.4%
Days on Market (Pending Sale) .............
18
38
15
16
-11.1%
Month’s Supply of Inventory .................
2.7
3.2
4.4
3.9
44.5%
Percent Under Contract .......................
44.9%
41.3%
40.0%
50.8%
13.3%
Average Median Price for Last 12 Months
$898,636
$970,167
$972,000
$958,000
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
$890
MAY
$901,000
JUN JUL
MEDIAN SALES PRICE
AUG
$634
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$901 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TORRANCE- SOUTHEAST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$610,000
$800,000
$660,000
$742,500
21.7%
Average Price per Square Foot ..............
$489
$397
$531
$443
-9.4%
Properties Sold ...................................
5
10
6
12
140.0%
Properties Pending Sale .......................
15
14
11
14
-6.7%
Properties For Sale ..............................
44
29
31
39
-11.4%
Days on Market (Pending Sale) .............
16
26
31
28
75.0%
Month’s Supply of Inventory .................
8.8
2.9
5.2
3.2
-63.1%
Percent Under Contract .......................
34.1%
48.3%
35.5%
35.9%
5.3%
Average Median Price for Last 12 Months
$648,188
$728,498
$738,167
$727,576
12.2%
*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
$610
MAY
$742,500
JUN JUL
MEDIAN SALES PRICE
AUG
$443
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$742 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TORRANCE- WEST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$920,000
$901,500
$875,000
$984,750
7.0%
Average Price per Square Foot ..............
$573
$491
$534
$549
-4.2%
Properties Sold ...................................
9
19
12
13
44.4%
Properties Pending Sale .......................
18
13
8
19
5.6%
Properties For Sale ..............................
34
31
18
36
5.9%
Days on Market (Pending Sale) .............
33
17
21
10
-69.7%
Month’s Supply of Inventory .................
3.8
1.6
1.5
2.8
-26.7%
Percent Under Contract .......................
52.9%
41.9%
44.4%
52.8%
-0.3%
Average Median Price for Last 12 Months
$837,188
$919,375
$949,250
$913,712
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 $920
APR MAY
$984,750
JUN JUL
MEDIAN SALES PRICE
AUG
$549
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$984 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,010,313
$958,941
$996,412
$1,024,000
1.4%
Average Price per Square Foot ..............
$459
$475
$447
$504
10.0%
Properties Sold ...................................
27
28
21
28
4.8%
Properties Pending Sale .......................
31
34
25
34
11.0%
Properties For Sale ..............................
60
65
48
64
7.9%
Days on Market (Pending Sale) .............
65
56
56
46
-29.3%
Month’s Supply of Inventory .................
2.2
2.3
2.3
2.3
3.0%
Percent Under Contract .......................
51.5%
52.8%
52.5%
52.9%
2.8%
Average Median Price for Last 12 Months
$915,857
$1,024,020
$1,030,275
$977,030
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
$1.010
MAY
$1,024,000
JUN JUL
MEDIAN SALES PRICE
AUG
$504
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.024 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
AGOURA HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,095,000
$925,000
$790,000
$847,000
-22.6%
Average Price per Square Foot ..............
$369
$389
$412
$470
27.4%
Properties Sold ...................................
20
14
14
13
-35.0%
Properties Pending Sale .......................
22
12
20
18
-18.2%
Properties For Sale ..............................
47
60
44
48
2.1%
Days on Market (Pending Sale) .............
71
54
93
53
-25.4%
Month’s Supply of Inventory .................
2.4
4.3
3.1
3.7
57.1%
Percent Under Contract .......................
46.8%
20.0%
45.5%
37.5%
-19.9%
Average Median Price for Last 12 Months
$890,917
$900,333
$897,333
$961,231
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 $1.095
APR MAY
$847,000
JUN JUL
MEDIAN SALES PRICE
AUG
$470
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$847 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BURBANK
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$729,000
$811,000
$825,000
$871,000
19.5%
Average Price per Square Foot ..............
$491
$518
$485
$535
9.0%
Properties Sold ...................................
48
50
37
35
-27.1%
Properties Pending Sale .......................
52
69
32
55
5.8%
Properties For Sale ..............................
74
69
45
54
-27.0%
Days on Market (Pending Sale) .............
34
39
56
30
-11.8%
Month’s Supply of Inventory .................
1.5
1.4
1.2
1.5
0.1%
Percent Under Contract .......................
70.3%
100.0%
71.1%
101.9%
44.9%
Average Median Price for Last 12 Months
$753,083
$836,667
$843,333
$811,308
7.7%
*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
$729
MAY
$871,000
JUN JUL
MEDIAN SALES PRICE
AUG
$535
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$871 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CALABASAS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,060,000
$1,135,000
$1,520,000
$1,290,000
21.7%
Average Price per Square Foot ..............
$475
$439
$439
$472
-0.6%
Properties Sold ...................................
23
13
11
33
43.5%
Properties Pending Sale .......................
28
34
24
26
-7.1%
Properties For Sale ..............................
88
71
64
94
6.8%
Days on Market (Pending Sale) .............
77
96
107
53
-31.2%
Month’s Supply of Inventory .................
3.8
5.5
5.8
2.8
-25.6%
Percent Under Contract .......................
31.8%
47.9%
37.5%
27.7%
-13.1%
Average Median Price for Last 12 Months
$1,390,083
$1,425,500
$1,338,333
$1,357,769
-2.3%
*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
$1.060
MAY
$1,290,000
JUN JUL
MEDIAN SALES PRICE
AUG
$472
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.290 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ENCINO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,300,000
$1,283,000
$1,785,000
$1,185,000
-8.8%
Average Price per Square Foot ..............
$487
$573
$542
$552
13.3%
Properties Sold ...................................
29
46
23
41
41.4%
Properties Pending Sale .......................
50
36
38
49
-2.0%
Properties For Sale ..............................
102
102
75
103
1.0%
Days on Market (Pending Sale) .............
81
56
70
52
-35.8%
Month’s Supply of Inventory .................
3.5
2.2
3.3
2.5
-28.6%
Percent Under Contract .......................
49.0%
35.3%
50.7%
47.6%
-3.0%
Average Median Price for Last 12 Months
$1,256,917
$1,474,000
$1,398,000
$1,399,154
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
$1.300
MAY
$1,185,000
JUN JUL
MEDIAN SALES PRICE
AUG
$552
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.185 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
GLENDALE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$927,000
$985,000
$882,000
$1,250,000
34.8%
Average Price per Square Foot ..............
$530
$486
$479
$511
-3.6%
Properties Sold ...................................
56
59
59
35
-37.5%
Properties Pending Sale .......................
73
66
46
56
-23.3%
Properties For Sale ..............................
88
113
58
88
0.0%
Days on Market (Pending Sale) .............
36
47
50
50
38.9%
Month’s Supply of Inventory .................
1.6
1.4
1.8
1.6
-3.8%
Percent Under Contract .......................
72.5%
73.9%
51.5%
83.0%
14.4%
Average Median Price for Last 12 Months
$872,167
$973,167
$1,041,333
$949,500
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
$850
MAY
$1,250,000
JUN JUL
MEDIAN SALES PRICE
AUG
$511
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$927 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LA CRESCENTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$840,000
$775,000
$965,000
$1,025,000
22.0%
Average Price per Square Foot ..............
$497
$515
$553
$504
1.4%
Properties Sold ...................................
21
16
17
17
-19.0%
Properties Pending Sale .......................
17
11
11
20
17.6%
Properties For Sale ..............................
22
25
14
24
9.1%
Days on Market (Pending Sale) .............
53
34
33
30
-43.4%
Month’s Supply of Inventory .................
1
1.6
0.8
1.4
34.8%
Percent Under Contract .......................
77.3%
44.0%
78.6%
83.3%
7.8%
Average Median Price for Last 12 Months
$817,000
$915,000
$941,333
$876,538
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
$840
MAY
$1,025,000
JUN JUL
MEDIAN SALES PRICE
AUG
$504
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.025 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NORTH HOLLYWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$568,000
$600,000
$625,000
$644,000
13.4%
Average Price per Square Foot ..............
$406
$460
$400
$451
11.1%
Properties Sold ...................................
26
30
18
24
-7.7%
Properties Pending Sale .......................
45
56
23
46
2.2%
Properties For Sale ..............................
52
58
35
44
-15.4%
Days on Market (Pending Sale) .............
56
51
66
67
19.6%
Month’s Supply of Inventory .................
2
1.9
1.9
1.8
-8.3%
Percent Under Contract .......................
86.5%
96.6%
65.7%
104.5%
20.8%
Average Median Price for Last 12 Months
$537,250
$624,167
$642,333
$603,462
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
$568
MAY
$644,000
JUN JUL
MEDIAN SALES PRICE
AUG
$451
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$644 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SHADOW HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,142,000
$728,000
$0
$880,000
-22.9%
Average Price per Square Foot ..............
$322
$363
$0
$474
47.2%
Properties Sold ...................................
6
2
0
6
0.0%
Properties Pending Sale .......................
3
6
4
4
33.3%
Properties For Sale ..............................
12
8
13
15
25.0%
Days on Market (Pending Sale) .............
122
85
0
24
-80.3%
Month’s Supply of Inventory .................
2
4
n/a
2.5
25.0%
Percent Under Contract .......................
25.0%
75.0%
30.8%
26.7%
6.7%
Average Median Price for Last 12 Months
$747,667
$640,167
$593,333
$768,615
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 $1.142
APR MAY
$880,000
JUN JUL
MEDIAN SALES PRICE
AUG
$474
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$880 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SHERMAN OAKS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,125,000
$1,195,000
$1,220,000
$1,420,000
26.2%
Average Price per Square Foot ..............
$515
$552
$548
$618
20.0%
Properties Sold ...................................
47
55
35
52
10.6%
Properties Pending Sale .......................
50
60
45
53
6.0%
Properties For Sale ..............................
106
114
81
117
10.4%
Days on Market (Pending Sale) .............
70
51
58
58
-17.1%
Month’s Supply of Inventory .................
2.3
2.1
2.3
2.2
-0.2%
Percent Under Contract .......................
47.2%
52.6%
55.6%
45.3%
-4.0%
Average Median Price for Last 12 Months
$1,156,583
$1,268,167
$1,324,667
$1,208,000
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
$1.125
MAY
$1,420,000
JUN JUL
MEDIAN SALES PRICE
AUG
$618
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.420 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
STUDIO CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,526,000
$1,325,000
$1,965,000
$1,400,000
-8.3%
Average Price per Square Foot ..............
$606
$602
$601
$642
5.9%
Properties Sold ...................................
31
29
21
33
6.5%
Properties Pending Sale .......................
33
38
37
28
-15.2%
Properties For Sale ..............................
73
71
54
77
5.5%
Days on Market (Pending Sale) .............
59
53
67
46
-22.0%
Month’s Supply of Inventory .................
2.4
2.4
2.6
2.3
-0.9%
Percent Under Contract .......................
45.2%
53.5%
68.5%
36.4%
-19.6%
Average Median Price for Last 12 Months
$1,441,667
$1,476,667
$1,415,000
$1,411,846
-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
$1.526
MAY
$1,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$642
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SUN VALLEY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$523,000
$533,000
$582,000
$538,000
2.9%
Average Price per Square Foot ..............
$417
$361
$400
$415
-0.5%
Properties Sold ...................................
12
13
14
18
50.0%
Properties Pending Sale .......................
18
20
17
19
5.6%
Properties For Sale ..............................
20
21
17
24
20.0%
Days on Market (Pending Sale) .............
37
31
41
45
21.6%
Month’s Supply of Inventory .................
1.7
1.6
1.2
1.3
-20.0%
Percent Under Contract .......................
90.0%
95.2%
100.0%
79.2%
-12.0%
Average Median Price for Last 12 Months
$491,667
$550,000
$526,667
$544,462
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
$523
MAY
$538,000
JUN JUL
MEDIAN SALES PRICE
AUG
$415
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$538 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SUNLAND/TUJUNGA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$664,000
$525,000
$612,000
$593,000
-10.7%
Average Price per Square Foot ..............
$329
$396
$427
$433
31.6%
Properties Sold ...................................
16
14
15
16
0.0%
Properties Pending Sale .......................
13
22
15
22
69.2%
Properties For Sale ..............................
19
21
15
24
26.3%
Days on Market (Pending Sale) .............
62
34
31
44
-29.0%
Month’s Supply of Inventory .................
1.2
1.5
1
1.5
26.3%
Percent Under Contract .......................
68.4%
104.8%
100.0%
91.7%
34.0%
Average Median Price for Last 12 Months
$577,083
$584,000
$602,333
$585,769
1.5%
*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 $664
APR MAY
$593,000
JUN JUL
MEDIAN SALES PRICE
AUG
$433
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$593 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TARZANA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,065,000
$1,100,000
$803,000
$1,273,000
19.5%
Average Price per Square Foot ..............
$361
$436
$462
$453
25.5%
Properties Sold ...................................
21
27
20
24
14.3%
Properties Pending Sale .......................
22
20
23
23
4.5%
Properties For Sale ..............................
70
83
77
87
24.3%
Days on Market (Pending Sale) .............
51
61
66
55
7.8%
Month’s Supply of Inventory .................
3.3
3.1
3.8
3.6
8.7%
Percent Under Contract .......................
31.4%
24.1%
29.9%
26.4%
-15.9%
Average Median Price for Last 12 Months
$1,040,333
$1,080,333
$1,216,000
$1,075,231
3.4%
*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
$1.065
MAY
$1,273,000
JUN JUL
MEDIAN SALES PRICE
AUG
$453
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.273 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TOLUCA LAKE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,890,000
$1,390,000
$1,508,000
$1,263,000
-33.2%
Average Price per Square Foot ..............
$722
$611
$558
$598
-17.2%
Properties Sold ...................................
3
3
4
6
100.0%
Properties Pending Sale .......................
3
4
8
11
266.7%
Properties For Sale ..............................
14
17
16
24
71.4%
Days on Market (Pending Sale) .............
70
86
33
37
-47.1%
Month’s Supply of Inventory .................
4.7
5.7
4
4
-14.3%
Percent Under Contract .......................
21.4%
23.5%
50.0%
45.8%
113.9%
Average Median Price for Last 12 Months
$1,406,583
$1,559,833
$1,602,000
$1,606,692
14.2%
*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 $1.890
APR MAY
$1,263,000
JUN JUL
MEDIAN SALES PRICE
AUG
$598
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.263 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
VALLEY VILLAGE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$850,000
$945,000
$967,000
$1,195,000
40.6%
Average Price per Square Foot ..............
$508
$540
$507
$548
7.9%
Properties Sold ...................................
13
12
10
9
-30.8%
Properties Pending Sale .......................
16
22
6
21
31.2%
Properties For Sale ..............................
22
23
18
22
0.0%
Days on Market (Pending Sale) .............
81
36
81
54
-33.3%
Month’s Supply of Inventory .................
1.7
1.9
1.8
2.4
44.4%
Percent Under Contract .......................
72.7%
95.7%
33.3%
95.5%
31.2%
Average Median Price for Last 12 Months
$903,083
$1,046,167
$1,071,333
$1,007,462
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
$850
MAY
$1,195,000
JUN JUL
MEDIAN SALES PRICE
AUG
$548
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.195 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WESTLAKE VILLAGE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$999,000
$1,180,000
$985,000
$1,202,000
20.3%
Average Price per Square Foot ..............
$461
$457
$414
$454
-1.5%
Properties Sold ...................................
27
25
11
31
14.8%
Properties Pending Sale .......................
34
29
15
36
5.9%
Properties For Sale ..............................
98
97
88
105
7.1%
Days on Market (Pending Sale) .............
63
57
44
62
-1.6%
Month’s Supply of Inventory .................
3.6
3.9
8
3.4
-6.7%
Percent Under Contract .......................
34.7%
29.9%
17.0%
34.3%
-1.2%
Average Median Price for Last 12 Months
$1,242,500
$1,256,500
$1,304,333
$1,196,692
-3.7%
*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
$999
MAY
$1,202,000
JUN JUL
MEDIAN SALES PRICE
AUG
$454
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.202 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WOODLAND HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$789,000
$867,000
$905,000
$855,000
8.4%
Average Price per Square Foot ..............
$371
$377
$373
$424
14.3%
Properties Sold ...................................
81
63
41
58
-28.4%
Properties Pending Sale .......................
85
75
63
75
-11.8%
Properties For Sale ..............................
135
146
100
144
6.7%
Days on Market (Pending Sale) .............
56
80
56
38
-32.1%
Month’s Supply of Inventory .................
1.7
2.3
2.4
2.5
49.0%
Percent Under Contract .......................
63.0%
51.4%
63.0%
52.1%
-17.3%
Average Median Price for Last 12 Months
$820,917
$851,500
$864,667
$830,385
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
$789
MAY
$855,000
JUN JUL
MEDIAN SALES PRICE
AUG
$424
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$855 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,022,833
$1,043,917
$1,148,083
$1,156,083
13.0%
Average Price per Square Foot ..............
$542
$549
$564
$593
9.3%
Properties Sold ...................................
19
30
14
22
15.7%
Properties Pending Sale .......................
27
31
18
26
-1.2%
Properties For Sale ..............................
57
90
46
56
-0.6%
Days on Market (Pending Sale) .............
48
45
53
36
-23.7%
Month’s Supply of Inventory .................
3
3
3.2
2.5
-14.0%
Percent Under Contract .......................
47.3%
34.3%
39.4%
47.0%
-0.7%
Average Median Price for Last 12 Months
$1,043,535
$1,108,417
$1,130,194
$1,080,904
3.6%
*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
$1.022
MAY
$1,156,083
JUN JUL
MEDIAN SALES PRICE
AUG
$593
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.156 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ALHAMBRA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$622,000
$676,000
$805,000
$673,000
8.2%
Average Price per Square Foot ..............
$412
$448
$491
$473
14.8%
Properties Sold ...................................
18
25
13
9
-50.0%
Properties Pending Sale .......................
18
18
14
17
-5.6%
Properties For Sale ..............................
19
19
24
29
52.6%
Days on Market (Pending Sale) .............
75
31
41
13
-82.7%
Month’s Supply of Inventory .................
1.1
0.8
1.8
3.2
205.3%
Percent Under Contract .......................
94.7%
94.7%
58.3%
58.6%
-38.1%
Average Median Price for Last 12 Months
$634,167
$715,833
$703,333
$695,154
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
$622
MAY
$673,000
JUN JUL
MEDIAN SALES PRICE
AUG
$473
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$673 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ALTADENA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$880,000
$779,000
$823,000
$747,000
-15.1%
Average Price per Square Foot ..............
$456
$459
$522
$484
6.1%
Properties Sold ...................................
25
32
22
27
8.0%
Properties Pending Sale .......................
38
41
28
52
36.8%
Properties For Sale ..............................
43
39
43
42
-2.3%
Days on Market (Pending Sale) .............
40
41
37
36
-10.0%
Month’s Supply of Inventory .................
1.7
1.2
2
1.6
-9.6%
Percent Under Contract .......................
88.4%
105.1%
65.1%
123.8%
40.1%
Average Median Price for Last 12 Months
$768,000
$798,833
$791,667
$814,231
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 $880
APR MAY
$747,000
JUN JUL
MEDIAN SALES PRICE
AUG
$484
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$747 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ARCADIA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,204,000
$1,280,000
$1,390,000
$1,260,000
4.7%
Average Price per Square Foot ..............
$588
$520
$531
$573
-2.6%
Properties Sold ...................................
32
36
22
39
21.9%
Properties Pending Sale .......................
39
37
28
38
-2.6%
Properties For Sale ..............................
208
203
171
191
-8.2%
Days on Market (Pending Sale) .............
39
58
57
44
12.8%
Month’s Supply of Inventory .................
6.5
5.6
7.8
4.9
-24.7%
Percent Under Contract .......................
18.8%
18.2%
16.4%
19.9%
6.1%
Average Median Price for Last 12 Months
$1,291,250
$1,434,000
$1,466,667
$1,323,615
2.5%
*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
$1.204
MAY
$1,260,000
JUN JUL
MEDIAN SALES PRICE
AUG
$573
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.260 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DUARTE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$440,000
$468,000
$542,000
$555,000
26.1%
Average Price per Square Foot ..............
$352
$383
$391
$397
12.8%
Properties Sold ...................................
9
20
10
14
55.6%
Properties Pending Sale .......................
15
17
11
9
-40.0%
Properties For Sale ..............................
24
17
22
19
-20.8%
Days on Market (Pending Sale) .............
40
41
51
21
-47.5%
Month’s Supply of Inventory .................
2.7
0.8
2.2
1.4
-49.1%
Percent Under Contract .......................
62.5%
100.0%
50.0%
47.4%
-24.2%
Average Median Price for Last 12 Months
$477,917
$545,833
$559,333
$524,538
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
$440
MAY
$555,000
JUN JUL
MEDIAN SALES PRICE
AUG
$397
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$555 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
EAGLE ROCK
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$670,000
$1,028,000
$1,081,000
$920,000
37.3%
Average Price per Square Foot ..............
$532
$525
$627
$594
11.7%
Properties Sold ...................................
6
57
13
17
183.3%
Properties Pending Sale .......................
8
64
17
23
187.5%
Properties For Sale ..............................
15
234
17
21
40.0%
Days on Market (Pending Sale) .............
23
47
65
38
65.2%
Month’s Supply of Inventory .................
2.5
4.1
1.3
1.2
-50.6%
Percent Under Contract .......................
53.3%
27.4%
100.0%
109.5%
105.4%
Average Median Price for Last 12 Months
$789,667
$908,167
$881,667
$863,000
9.3%
*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
$670
MAY
$920,000
JUN JUL
MEDIAN SALES PRICE
AUG
$594
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LA CANADA FLINTRIDGE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,856,000
$1,360,000
$2,275,000
$1,895,000
2.1%
Average Price per Square Foot ..............
$654
$570
$652
$720
10.1%
Properties Sold ...................................
14
55
10
28
100.0%
Properties Pending Sale .......................
18
59
8
32
77.8%
Properties For Sale ..............................
55
239
33
55
0.0%
Days on Market (Pending Sale) .............
47
56
35
43
-8.5%
Month’s Supply of Inventory .................
3.9
4.3
3.3
2
-50.0%
Percent Under Contract .......................
32.7%
24.7%
24.2%
58.2%
77.8%
Average Median Price for Last 12 Months
$1,770,667
$1,834,167
$1,741,333
$1,762,077
-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
$1.856
MAY
$1,895,000
JUN JUL
MEDIAN SALES PRICE
AUG
$720
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.895 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MONROVIA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$735,000
$695,000
$653,000
$710,000
-3.4%
Average Price per Square Foot ..............
$482
$462
$470
$484
0.4%
Properties Sold ...................................
14
20
14
13
-7.1%
Properties Pending Sale .......................
25
27
18
19
-24.0%
Properties For Sale ..............................
31
40
23
38
22.6%
Days on Market (Pending Sale) .............
50
42
48
33
-34.0%
Month’s Supply of Inventory .................
2.2
2
1.6
2.9
32.0%
Percent Under Contract .......................
80.6%
67.5%
78.3%
50.0%
-38.0%
Average Median Price for Last 12 Months
$652,250
$708,833
$708,667
$710,462
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 $735
APR MAY
$710,000
JUN JUL
MEDIAN SALES PRICE
AUG
$484
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$710 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PASADENA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$884,000
$940,000
$899,000
$1,054,000
19.2%
Average Price per Square Foot ..............
$600
$573
$553
$605
0.8%
Properties Sold ...................................
65
67
32
74
13.8%
Properties Pending Sale .......................
100
64
52
79
-21.0%
Properties For Sale ..............................
173
152
122
168
-2.9%
Days on Market (Pending Sale) .............
36
45
74
41
13.9%
Month’s Supply of Inventory .................
2.7
2.3
3.8
2.3
-14.7%
Percent Under Contract .......................
57.8%
42.1%
42.6%
47.0%
-18.6%
Average Median Price for Last 12 Months
$847,583
$989,833
$1,038,000
$967,846
14.2%
*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
$884
MAY
$1,054,000
JUN JUL
MEDIAN SALES PRICE
AUG
$605
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.054 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN GABRIEL
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$748,000
$760,000
$828,000
$720,000
-3.7%
Average Price per Square Foot ..............
$477
$492
$478
$600
25.8%
Properties Sold ...................................
23
22
18
20
-13.0%
Properties Pending Sale .......................
30
16
23
18
-40.0%
Properties For Sale ..............................
37
54
27
31
-16.2%
Days on Market (Pending Sale) .............
40
33
34
29
-27.5%
Month’s Supply of Inventory .................
1.6
2.5
1.5
1.6
-3.6%
Percent Under Contract .......................
81.1%
29.6%
85.2%
58.1%
-28.4%
Average Median Price for Last 12 Months
$732,583
$806,833
$783,333
$793,538
8.3%
*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
$748
MAY
$720,000
JUN JUL
MEDIAN SALES PRICE
AUG
$600
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$720 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN MARINO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,840,000
$2,438,000
$2,088,000
$2,535,000
37.8%
Average Price per Square Foot ..............
$804
$932
$724
$857
6.6%
Properties Sold ...................................
4
11
6
7
75.0%
Properties Pending Sale .......................
13
12
7
6
-53.8%
Properties For Sale ..............................
44
48
37
51
15.9%
Days on Market (Pending Sale) .............
38
63
115
67
76.3%
Month’s Supply of Inventory .................
11
4.4
6.2
7.3
-33.8%
Percent Under Contract .......................
29.5%
25.0%
18.9%
11.8%
-60.2%
Average Median Price for Last 12 Months
$2,216,167
$2,078,333
$2,233,333
$2,105,846
-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
$1.840
MAY
$2,535,000
JUN JUL
MEDIAN SALES PRICE
AUG
$857
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.535 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SIERRA MADRE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,100,000
$865,000
$693,000
$1,069,000
-2.8%
Average Price per Square Foot ..............
$536
$522
$643
$575
7.3%
Properties Sold ...................................
9
6
4
11
22.2%
Properties Pending Sale .......................
2
6
7
10
400.0%
Properties For Sale ..............................
23
24
18
18
-21.7%
Days on Market (Pending Sale) .............
90
41
36
26
-71.1%
Month’s Supply of Inventory .................
2.6
4
4.5
1.6
-36.0%
Percent Under Contract .......................
8.7%
25.0%
38.9%
55.6%
538.9%
Average Median Price for Last 12 Months
$1,023,417
$920,833
$997,333
$998,692
-2.4%
*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
$1.100
MAY
$1,069,000
JUN JUL
MEDIAN SALES PRICE
AUG
$575
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.069 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SOUTH PASADENA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,295,000
$1,238,000
$1,700,000
$1,735,000
34.0%
Average Price per Square Foot ..............
$611
$706
$689
$749
22.6%
Properties Sold ...................................
11
5
8
7
-36.4%
Properties Pending Sale .......................
15
10
3
14
-6.7%
Properties For Sale ..............................
7
12
11
12
71.4%
Days on Market (Pending Sale) .............
55
39
38
46
-16.4%
Month’s Supply of Inventory .................
0.6
2.4
1.4
1.7
169.4%
Percent Under Contract .......................
214.3%
83.3%
27.3%
116.7%
-45.6%
Average Median Price for Last 12 Months
$1,318,750
$1,559,500
$1,657,667
$1,411,846
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
$1.295
MAY
$1,735,000
JUN JUL
MEDIAN SALES PRICE
AUG
$749
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : April 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : April 2018
ORANGE COUNTY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$770,000
$776,000
$775,000
$810,000
5.2%
Average Price per Square Foot ..............
$448
$477
$469
$511
14.1%
Properties Sold ...................................
1623
1605
1063
1621
-0.1%
Properties Pending Sale .......................
1982
1647
1352
1855
-6.4%
Properties For Sale ..............................
6,375
5,810
4,546
6,152
-3.5%
Days on Market (Pending Sale) .............
40
51
51
34
-15.0%
Month’s Supply of Inventory .................
3.9
3.6
4.3
3.8
-3.4%
Percent Under Contract .......................
31.1%
28.3%
29.7%
30.2%
-3.0%
Average Median Price for Last 12 Months
$742,288
$795,167
$810,333
$788,346
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 $770
APR MAY
$810,000
JUN JUL
MEDIAN SALES PRICE
AUG
$511
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$810 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ALISO VIEJO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$869,000
$787,450
$859,000
$865,500
-0.4%
Average Price per Square Foot ..............
$369
$382
$354
$410
11.1%
Properties Sold ...................................
15
28
9
16
6.7%
Properties Pending Sale .......................
29
14
12
19
-34.5%
Properties For Sale ..............................
68
35
21
39
-42.6%
Days on Market (Pending Sale) .............
26
49
42
25
-3.8%
Month’s Supply of Inventory .................
4.5
1.2
2.3
2.4
-46.2%
Percent Under Contract .......................
42.6%
40.0%
57.1%
48.7%
14.2%
Average Median Price for Last 12 Months
$792,954
$819,167
$830,333
$824,958
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 $869
APR MAY
$865,500
JUN JUL
MEDIAN SALES PRICE
AUG
$410
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$865 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BALBOA PENINSULA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,800,000
$3,450,000
$3,600,000
$2,998,500
7.1%
Average Price per Square Foot ..............
$1,163
$1,593
$1,475
$1,425
22.5%
Properties Sold ...................................
10
5
10
11
10.0%
Properties Pending Sale .......................
11
8
3
7
-36.4%
Properties For Sale ..............................
45
35
30
49
8.9%
Days on Market (Pending Sale) .............
91
172
82
49
-46.2%
Month’s Supply of Inventory .................
4.5
7
3
4.5
-1.0%
Percent Under Contract .......................
24.4%
22.9%
10.0%
14.3%
-41.6%
Average Median Price for Last 12 Months
$3,702,250
$4,789,750
$6,521,167
$3,794,308
2.5%
*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
$2.800
MAY
$2,998,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,425
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.998 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CORONA DEL MAR - SPYGLASS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,535,000
$3,270,000
$3,600,000
$3,850,000
51.9%
Average Price per Square Foot ..............
$1,077
$1,519
$1,108
$1,464
35.9%
Properties Sold ...................................
10
8
13
13
30.0%
Properties Pending Sale .......................
11
12
12
20
81.8%
Properties For Sale ..............................
84
79
75
91
8.3%
Days on Market (Pending Sale) .............
55
89
172
68
23.6%
Month’s Supply of Inventory .................
8.4
9.9
5.8
7
-16.7%
Percent Under Contract .......................
13.1%
15.2%
16.0%
22.0%
67.8%
Average Median Price for Last 12 Months
$2,853,644
$3,270,677
$3,538,687
$2,988,863
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
$2.535
MAY
$3,850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,464
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
COTO DE CAZA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,060,000
$1,295,000
$1,350,000
$1,252,500
18.2%
Average Price per Square Foot ..............
$362
$352
$330
$356
-1.7%
Properties Sold ...................................
17
18
3
18
5.9%
Properties Pending Sale .......................
34
17
15
17
-50.0%
Properties For Sale ..............................
143
112
93
133
-7.0%
Days on Market (Pending Sale) .............
61
66
62
35
-42.6%
Month’s Supply of Inventory .................
8.4
6.2
31
7.4
-12.2%
Percent Under Contract .......................
23.8%
15.2%
16.1%
12.8%
-46.2%
Average Median Price for Last 12 Months
$1,170,835
$1,241,588
$1,189,176
$1,237,887
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
$1.060
MAY
$1,252,500
JUN JUL
MEDIAN SALES PRICE
AUG
$356
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.252 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CRYSTAL COVE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$8,600,000
$6,215,000
$4,300,000
$9,530,000
10.8%
Average Price per Square Foot ..............
$1,286
$1,276
$1,074
$1,290
0.3%
Properties Sold ...................................
3
6
1
3
0.0%
Properties Pending Sale .......................
6
3
3
3
-50.0%
Properties For Sale ..............................
30
23
24
27
-10.0%
Days on Market (Pending Sale) .............
49
34
112
60
22.4%
Month’s Supply of Inventory .................
10
3.8
24
9
-10.0%
Percent Under Contract .......................
20.0%
13.0%
12.5%
11.1%
-44.4%
Average Median Price for Last 12 Months
$5,562,313
$8,901,922
$12,210,000
$8,408,461
51.2%
*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
$8.600
MAY
$9,530,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,290
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$9.530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DANA POINT
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,160,000
$1,162,500
$1,050,000
$1,042,500
-10.1%
Average Price per Square Foot ..............
$588
$654
$502
$799
35.9%
Properties Sold ...................................
33
36
17
32
-3.0%
Properties Pending Sale .......................
23
33
23
30
30.4%
Properties For Sale ..............................
171
176
134
168
-1.8%
Days on Market (Pending Sale) .............
77
70
83
76
-1.3%
Month’s Supply of Inventory .................
5.2
4.9
7.9
5.2
1.3%
Percent Under Contract .......................
13.5%
18.8%
17.2%
17.9%
32.8%
Average Median Price for Last 12 Months
$998,563
$1,149,750
$1,126,500
$1,142,154
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
$1.160
MAY
$1,042,500
JUN JUL
MEDIAN SALES PRICE
AUG
$799
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.042 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
EAST BLUFF - HARBOR VIEW
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,725,000
$2,115,000
$3,025,000
$2,072,500
20.1%
Average Price per Square Foot ..............
$743
$748
$675
$743
0.0%
Properties Sold ...................................
15
15
9
20
33.3%
Properties Pending Sale .......................
20
12
21
21
5.0%
Properties For Sale ..............................
114
95
95
110
-3.5%
Days on Market (Pending Sale) .............
55
69
67
58
5.5%
Month’s Supply of Inventory .................
7.6
6.3
10.6
5.5
-27.6%
Percent Under Contract .......................
17.5%
12.6%
22.1%
19.1%
8.8%
Average Median Price for Last 12 Months
$1,893,593
$2,154,833
$2,092,500
$2,082,038
10.0%
*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
$1.725
MAY
$2,072,500
JUN JUL
MEDIAN SALES PRICE
AUG
$743
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.072 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
EAST COSTA MESA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$995,000
$992,873
$907,000
$999,500
0.5%
Average Price per Square Foot ..............
$551
$606
$490
$595
8.0%
Properties Sold ...................................
11
19
10
7
-36.4%
Properties Pending Sale .......................
15
21
19
17
13.3%
Properties For Sale ..............................
60
84
65
70
16.7%
Days on Market (Pending Sale) .............
37
63
52
43
16.2%
Month’s Supply of Inventory .................
5.5
4.4
6.5
10
83.3%
Percent Under Contract .......................
25.0%
25.0%
29.2%
24.3%
-2.9%
Average Median Price for Last 12 Months
$1,027,779
$1,088,750
$1,150,167
$1,043,452
1.5%
*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
$995
MAY
$999,500
JUN JUL
MEDIAN SALES PRICE
AUG
$595
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$999 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
FOUNTAIN VALLEY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$827,500
$763,500
$785,000
$810,000
-2.1%
Average Price per Square Foot ..............
$395
$416
$401
$405
2.5%
Properties Sold ...................................
32
22
19
25
-21.9%
Properties Pending Sale .......................
30
23
18
30
0.0%
Properties For Sale ..............................
64
61
50
60
-6.2%
Days on Market (Pending Sale) .............
21
31
22
25
19.0%
Month’s Supply of Inventory .................
2
2.8
2.6
2.4
20.0%
Percent Under Contract .......................
46.9%
37.7%
36.0%
50.0%
6.7%
Average Median Price for Last 12 Months
$766,183
$803,083
$828,500
$790,962
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 $827
APR MAY
$810,000
JUN JUL
MEDIAN SALES PRICE
AUG
$405
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$810 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HUNTINGTON BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$800,000
$877,000
$830,000
$900,000
12.5%
Average Price per Square Foot ..............
$476
$497
$506
$537
12.8%
Properties Sold ...................................
87
105
59
89
2.3%
Properties Pending Sale .......................
117
110
62
120
2.6%
Properties For Sale ..............................
295
295
218
314
6.4%
Days on Market (Pending Sale) .............
39
42
45
28
-28.2%
Month’s Supply of Inventory .................
3.4
2.8
3.7
3.5
4.0%
Percent Under Contract .......................
39.7%
37.3%
28.4%
38.2%
-3.6%
Average Median Price for Last 12 Months
$815,292
$889,083
$902,333
$879,269
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
$800
MAY
$900,000
JUN JUL
MEDIAN SALES PRICE
AUG
$537
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
IRVINE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,052,500
$1,080,000
$1,139,500
$1,249,000
18.7%
Average Price per Square Foot ..............
$530
$506
$548
$507
-4.3%
Properties Sold ...................................
94
81
64
98
4.3%
Properties Pending Sale .......................
136
97
90
129
-5.1%
Properties For Sale ..............................
430
365
335
457
6.3%
Days on Market (Pending Sale) .............
39
67
41
36
-7.7%
Month’s Supply of Inventory .................
4.6
4.5
5.2
4.7
1.9%
Percent Under Contract .......................
31.6%
26.6%
26.9%
28.2%
-10.8%
Average Median Price for Last 12 Months
$1,078,739
$1,192,417
$1,215,000
$1,140,038
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
$1.052
MAY
$1,249,000
JUN JUL
MEDIAN SALES PRICE
AUG
$507
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.249 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LADERA RANCH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,010,000
$871,500
$990,150
$1,095,000
8.4%
Average Price per Square Foot ..............
$358
$363
$340
$379
5.9%
Properties Sold ...................................
30
28
9
25
-16.7%
Properties Pending Sale .......................
24
29
23
41
70.8%
Properties For Sale ..............................
114
113
87
115
0.9%
Days on Market (Pending Sale) .............
33
63
46
30
-9.1%
Month’s Supply of Inventory .................
3.8
4
9.7
4.6
21.1%
Percent Under Contract .......................
21.1%
25.7%
26.4%
35.7%
69.3%
Average Median Price for Last 12 Months
$899,083
$1,003,925
$983,000
$953,192
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 $1.010
APR MAY
$1,095,000
JUN JUL
MEDIAN SALES PRICE
AUG
$379
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.095 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LAGUNA BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,942,500
$1,900,000
$2,600,000
$2,400,000
-18.4%
Average Price per Square Foot ..............
$1,154
$1,198
$1,106
$1,529
32.5%
Properties Sold ...................................
22
31
21
38
72.7%
Properties Pending Sale .......................
36
31
20
24
-33.3%
Properties For Sale ..............................
243
264
213
270
11.1%
Days on Market (Pending Sale) .............
67
89
106
70
4.5%
Month’s Supply of Inventory .................
11
8.5
10.1
7.1
-35.7%
Percent Under Contract .......................
14.8%
11.7%
9.4%
8.9%
-40.0%
Average Median Price for Last 12 Months
$2,036,466
$2,215,458
$2,193,750
$2,109,635
3.6%
*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 $2.942
APR MAY
$2,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,529
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LAGUNA NIGUEL
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$952,750
$1,010,000
$933,000
$1,005,000
5.5%
Average Price per Square Foot ..............
$410
$440
$448
$448
9.3%
Properties Sold ...................................
54
53
23
53
-1.9%
Properties Pending Sale .......................
78
58
52
56
-28.2%
Properties For Sale ..............................
255
220
162
217
-14.9%
Days on Market (Pending Sale) .............
41
63
60
43
4.9%
Month’s Supply of Inventory .................
4.7
4.2
7
4.1
-13.3%
Percent Under Contract .......................
30.6%
26.4%
32.1%
25.8%
-15.6%
Average Median Price for Last 12 Months
$889,517
$938,692
$953,083
$951,185
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 $952
APR MAY
$1,005,000
JUN JUL
MEDIAN SALES PRICE
AUG
$448
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.005 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LAGUNA HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$847,500
$815,000
$763,000
$850,000
0.3%
Average Price per Square Foot ..............
$351
$386
$398
$396
12.8%
Properties Sold ...................................
17
23
11
17
0.0%
Properties Pending Sale .......................
25
24
16
25
0.0%
Properties For Sale ..............................
112
90
59
94
-16.1%
Days on Market (Pending Sale) .............
34
70
68
23
-32.4%
Month’s Supply of Inventory .................
6.6
3.9
5.4
5.5
-16.1%
Percent Under Contract .......................
22.3%
26.7%
27.1%
26.6%
19.1%
Average Median Price for Last 12 Months
$833,009
$906,083
$964,333
$869,731
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
$847
MAY
$850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$396
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LAGUNA WOODS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% 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
3
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%
0.0%
n/a
Average Median Price for Last 12 Months
$75,833
$854,833
$860,000
$854,833
1027.3%
*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 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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,072,500
$1,025,000
$1,535,000
$875,000
-18.4%
Average Price per Square Foot ..............
$504
$828
$463
$549
8.9%
Properties Sold ...................................
8
6
4
3
-62.5%
Properties Pending Sale .......................
2
12
2
3
50.0%
Properties For Sale ..............................
15
36
15
24
60.0%
Days on Market (Pending Sale) .............
164
89
6
89
-45.7%
Month’s Supply of Inventory .................
1.9
6
3.8
8
326.7%
Percent Under Contract .......................
13.3%
33.3%
13.3%
12.5%
-6.2%
Average Median Price for Last 12 Months
$934,875
$1,064,083
$964,333
$1,097,577
17.4%
*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
$1.072
MAY
$875,000
JUN JUL
MEDIAN SALES PRICE
AUG
$549
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$4,614,000
$4,175,000
$3,800,000
$3,750,000
-18.7%
Average Price per Square Foot ..............
$1,875
$1,438
$1,514
$1,459
-22.2%
Properties Sold ...................................
2
8
3
5
150.0%
Properties Pending Sale .......................
5
7
5
2
-60.0%
Properties For Sale ..............................
30
37
22
31
3.3%
Days on Market (Pending Sale) .............
110
110
98
4
-96.4%
Month’s Supply of Inventory .................
15
4.6
7.3
6.2
-58.7%
Percent Under Contract .......................
16.7%
18.9%
22.7%
6.5%
-61.3%
Average Median Price for Last 12 Months
$3,247,900
$3,405,417
$3,555,833
$3,564,488
9.7%
*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 $4.614
APR MAY
$3,750,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,459
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.750 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MISSION VIEJO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$737,000
$735,000
$725,000
$770,000
4.5%
Average Price per Square Foot ..............
$359
$366
$387
$375
4.5%
Properties Sold ...................................
86
84
69
91
5.8%
Properties Pending Sale .......................
101
86
72
90
-10.9%
Properties For Sale ..............................
270
219
189
264
-2.2%
Days on Market (Pending Sale) .............
31
44
45
32
3.2%
Month’s Supply of Inventory .................
3.1
2.6
2.7
2.9
-7.6%
Percent Under Contract .......................
37.4%
39.3%
38.1%
34.1%
-8.9%
Average Median Price for Last 12 Months
$703,496
$748,667
$764,167
$744,250
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 $737
APR MAY
$770,000
JUN JUL
MEDIAN SALES PRICE
AUG
$375
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$770 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MONARCH BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,400,000
$1,654,500
$1,225,000
$1,900,000
35.7%
Average Price per Square Foot ..............
$639
$852
$675
$1,054
64.9%
Properties Sold ...................................
15
12
6
11
-26.7%
Properties Pending Sale .......................
10
8
10
13
30.0%
Properties For Sale ..............................
86
70
62
82
-4.7%
Days on Market (Pending Sale) .............
57
53
62
88
54.4%
Month’s Supply of Inventory .................
5.7
5.8
10.3
7.5
30.0%
Percent Under Contract .......................
11.6%
11.4%
16.1%
15.9%
36.3%
Average Median Price for Last 12 Months
$1,777,531
$1,619,000
$1,758,000
$1,597,590
-10.1%
*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
$1.400
MAY
$1,900,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,054
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NELLE GAIL
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$898,700
$815,000
$763,000
$850,000
-5.4%
Average Price per Square Foot ..............
$351
$386
$398
$396
12.8%
Properties Sold ...................................
16
22
11
17
6.2%
Properties Pending Sale .......................
24
24
16
24
0.0%
Properties For Sale ..............................
111
91
59
92
-17.1%
Days on Market (Pending Sale) .............
29
70
68
23
-20.7%
Month’s Supply of Inventory .................
6.9
4.1
5.4
5.4
-22.0%
Percent Under Contract .......................
21.6%
26.4%
27.1%
26.1%
20.7%
Average Median Price for Last 12 Months
$850,232
$905,250
$966,833
$874,631
2.9%
*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
$898
MAY
$850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$396
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NEWPORT BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,100,000
$2,450,000
$3,025,000
$2,162,500
3.0%
Average Price per Square Foot ..............
$919
$1,002
$1,015
$1,046
13.8%
Properties Sold ...................................
51
55
33
62
21.6%
Properties Pending Sale .......................
61
52
49
55
-9.8%
Properties For Sale ..............................
342
311
258
343
0.3%
Days on Market (Pending Sale) .............
70
89
64
50
-28.6%
Month’s Supply of Inventory .................
6.7
5.7
7.8
5.5
-17.5%
Percent Under Contract .......................
17.8%
16.7%
19.0%
16.0%
-10.1%
Average Median Price for Last 12 Months
$2,032,775
$2,253,750
$2,107,500
$2,297,692
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
$2.100
MAY
$2,162,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,046
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.162 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NEWPORT COAST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$3,337,500
$3,430,000
$2,677,500
$3,154,000
-5.5%
Average Price per Square Foot ..............
$996
$990
$775
$1,156
16.1%
Properties Sold ...................................
14
25
6
14
0.0%
Properties Pending Sale .......................
26
19
14
11
-57.7%
Properties For Sale ..............................
125
103
79
93
-25.6%
Days on Market (Pending Sale) .............
111
77
70
67
-39.6%
Month’s Supply of Inventory .................
8.9
4.1
13.2
6.6
-25.6%
Percent Under Contract .......................
20.8%
18.4%
17.7%
11.8%
-43.1%
Average Median Price for Last 12 Months
$3,050,927
$3,409,083
$3,304,667
$3,749,385
22.9%
*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
$3.337
MAY
$3,154,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,156
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.154 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NEWPORT HEIGHTS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,950,000
$2,250,000
$3,230,000
$2,045,000
4.9%
Average Price per Square Foot ..............
$707
$889
$718
$831
17.5%
Properties Sold ...................................
8
8
2
7
-12.5%
Properties Pending Sale .......................
4
10
5
7
75.0%
Properties For Sale ..............................
32
39
33
35
9.4%
Days on Market (Pending Sale) .............
91
38
64
56
-38.5%
Month’s Supply of Inventory .................
4
4.9
16.5
5
25.0%
Percent Under Contract .......................
12.5%
25.6%
15.2%
20.0%
60.0%
Average Median Price for Last 12 Months
$1,815,260
$2,425,333
$2,589,167
$2,488,885
37.1%
*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
$1.950
MAY
$2,045,000
JUN JUL
MEDIAN SALES PRICE
AUG
$831
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.045 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
RANCHO SANTA MARGARITA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$710,000
$706,500
$821,500
$826,000
16.3%
Average Price per Square Foot ..............
$352
$360
$335
$357
1.4%
Properties Sold ...................................
43
27
24
39
-9.3%
Properties Pending Sale .......................
62
43
28
44
-29.0%
Properties For Sale ..............................
137
109
66
127
-7.3%
Days on Market (Pending Sale) .............
23
34
32
20
-13.0%
Month’s Supply of Inventory .................
3.2
4
2.8
3.3
2.2%
Percent Under Contract .......................
45.3%
39.4%
42.4%
34.6%
-23.4%
Average Median Price for Last 12 Months
$725,000
$794,500
$802,833
$778,269
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
$710
MAY
$826,000
JUN JUL
MEDIAN SALES PRICE
AUG
$357
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$826 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN CLEMENTE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,083,000
$995,063
$1,000,000
$1,000,000
-7.7%
Average Price per Square Foot ..............
$467
$418
$437
$416
-10.9%
Properties Sold ...................................
55
57
42
75
36.4%
Properties Pending Sale .......................
85
59
44
90
5.9%
Properties For Sale ..............................
309
259
196
309
0.0%
Days on Market (Pending Sale) .............
60
69
71
43
-28.3%
Month’s Supply of Inventory .................
5.6
4.5
4.7
4.1
-26.7%
Percent Under Contract .......................
27.5%
22.8%
22.4%
29.1%
5.9%
Average Median Price for Last 12 Months
$938,256
$1,020,500
$1,049,500
$1,005,051
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 $1.083
APR MAY
$1,000,000
JUN JUL
MEDIAN SALES PRICE
AUG
$416
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN JUAN CAPISTRANO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,065,000
$721,000
$1,286,544
$975,000
-8.5%
Average Price per Square Foot ..............
$376
$370
$418
$397
5.6%
Properties Sold ...................................
34
32
28
25
-26.5%
Properties Pending Sale .......................
38
33
34
32
-15.8%
Properties For Sale ..............................
172
167
132
159
-7.6%
Days on Market (Pending Sale) .............
65
63
81
37
-43.1%
Month’s Supply of Inventory .................
5.1
5.2
4.7
6.4
25.7%
Percent Under Contract .......................
22.1%
19.8%
25.8%
20.1%
-8.9%
Average Median Price for Last 12 Months
$938,396
$1,074,007
$1,075,000
$1,053,140
12.2%
*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
$1.065
MAY
$975,000
JUN JUL
MEDIAN SALES PRICE
AUG
$397
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SEAL BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$955,000
$917,500
$919,000
$1,039,500
8.8%
Average Price per Square Foot ..............
$530
$521
$528
$510
-3.8%
Properties Sold ...................................
9
14
7
12
33.3%
Properties Pending Sale .......................
14
13
15
14
0.0%
Properties For Sale ..............................
43
38
27
36
-16.3%
Days on Market (Pending Sale) .............
63
166
83
24
-61.9%
Month’s Supply of Inventory .................
4.8
2.7
3.9
3
-37.2%
Percent Under Contract .......................
32.6%
34.2%
55.6%
38.9%
19.4%
Average Median Price for Last 12 Months
$978,188
$1,002,250
$1,053,167
$990,150
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
$955
MAY
$1,039,500
JUN JUL
MEDIAN SALES PRICE
AUG
$510
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.039 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SHADY CANYON
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,266,310
$1,900,000
$1,736,000
$2,299,000
1.4%
Average Price per Square Foot ..............
$747
$625
$821
$680
-9.0%
Properties Sold ...................................
13
7
8
14
7.7%
Properties Pending Sale .......................
22
12
10
17
-22.7%
Properties For Sale ..............................
88
74
62
79
-10.2%
Days on Market (Pending Sale) .............
63
166
83
45
-28.6%
Month’s Supply of Inventory .................
6.8
10.6
7.8
5.6
-16.6%
Percent Under Contract .......................
25.0%
16.2%
16.1%
21.5%
-13.9%
Average Median Price for Last 12 Months
$1,895,359
$1,963,500
$1,969,167
$1,937,876
2.2%
*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
$2.266
MAY
$2,299,000
JUN JUL
MEDIAN SALES PRICE
AUG
$680
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.299 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TURTLE RIDGE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,266,310
$0
$0
$2,568,888
13.4%
Average Price per Square Foot ..............
$727
$0
$0
$747
2.8%
Properties Sold ...................................
5
0
0
3
-40.0%
Properties Pending Sale .......................
4
2
1
3
-25.0%
Properties For Sale ..............................
24
22
20
21
-12.5%
Days on Market (Pending Sale) .............
93
36
47
31
-66.7%
Month’s Supply of Inventory .................
4.8
n/a
n/a
7
45.8%
Percent Under Contract .......................
16.7%
9.1%
5.0%
14.3%
-14.3%
Average Median Price for Last 12 Months
$2,174,205
$2,503,847
$2,410,963
$2,359,370
8.5%
*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
$2.266
MAY
$2,568,888
JUN JUL
MEDIAN SALES PRICE
AUG
$747
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.568 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
TURTLE ROCK
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,277,500
$2,280,000
$1,500,000
$2,175,000
-4.5%
Average Price per Square Foot ..............
$802
$594
$608
$669
-16.6%
Properties Sold ...................................
6
4
5
6
0.0%
Properties Pending Sale .......................
18
6
5
9
-50.0%
Properties For Sale ..............................
52
25
21
28
-46.2%
Days on Market (Pending Sale) .............
56
250
87
34
-39.3%
Month’s Supply of Inventory .................
8.7
6.2
4.2
4.7
-46.2%
Percent Under Contract .......................
34.6%
24.0%
23.8%
32.1%
-7.1%
Average Median Price for Last 12 Months
$1,731,917
$1,770,167
$1,757,000
$1,848,780
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
$2.277
MAY
$2,175,000
JUN JUL
MEDIAN SALES PRICE
AUG
$669
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WESTMINSTER
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$645,000
$663,000
$656,550
$712,500
10.5%
Average Price per Square Foot ..............
$384
$375
$427
$382
-0.5%
Properties Sold ...................................
22
35
21
28
27.3%
Properties Pending Sale .......................
33
32
28
37
12.1%
Properties For Sale ..............................
83
70
59
89
7.2%
Days on Market (Pending Sale) .............
18
29
26
17
-5.6%
Month’s Supply of Inventory .................
3.8
2
2.8
3.2
-15.7%
Percent Under Contract .......................
39.8%
45.7%
47.5%
41.6%
4.6%
Average Median Price for Last 12 Months
$615,125
$666,575
$690,000
$654,188
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
$645
MAY
$712,500
JUN JUL
MEDIAN SALES PRICE
AUG
$382
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$712 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,572,500
$1,850,000
$1,793,980
$1,688,500
7.4%
Average Price per Square Foot ..............
$657
$766
$823
$706
7.5%
Properties Sold ...................................
10
10
4
6
-40.0%
Properties Pending Sale .......................
10
10
11
6
-40.0%
Properties For Sale ..............................
58
55
38
49
-15.5%
Days on Market (Pending Sale) .............
55
52
45
29
-47.3%
Month’s Supply of Inventory .................
5.8
5.5
9.5
8.2
40.8%
Percent Under Contract .......................
17.2%
18.2%
28.9%
12.2%
-29.0%
Average Median Price for Last 12 Months
$1,585,938
$1,766,997
$1,729,333
$1,821,018
14.8%
*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
$1.572
MAY
$1,688,500
JUN JUL
MEDIAN SALES PRICE
AUG
$706
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.688 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST NEWPORT - LIDO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$3,050,000
$1,975,000
$2,400,000
$2,395,000
-21.5%
Average Price per Square Foot ..............
$1,369
$1,183
$1,033
$1,499
9.5%
Properties Sold ...................................
6
9
5
13
116.7%
Properties Pending Sale .......................
10
5
4
12
20.0%
Properties For Sale ..............................
61
49
40
65
6.6%
Days on Market (Pending Sale) .............
70
152
51
0
%
Month’s Supply of Inventory .................
10.2
5.4
8
5
-50.8%
Percent Under Contract .......................
16.4%
10.2%
10.0%
18.5%
12.6%
Average Median Price for Last 12 Months
$2,670,125
$3,348,167
$2,941,333
$3,155,333
18.2%
*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
$3.050
MAY
$2,395,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,499
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.395 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : April 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : April 2018
CARPINTERIA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,425,000
$1,295,000
$1,250,000
$917,791
-35.6%
Average Price per Square Foot ..............
$890
$1,823
$1,645
$497
-44.2%
Properties Sold ...................................
5
7
4
7
40.0%
Properties Pending Sale .......................
10
6
4
11
10.0%
Properties For Sale ..............................
43
38
28
31
-27.9%
Days on Market (Pending Sale) .............
28
60
24
41
46.4%
Month’s Supply of Inventory .................
8.6
5.4
7
4.4
-48.5%
Percent Under Contract .......................
23.3%
15.8%
14.3%
35.5%
52.6%
Average Median Price for Last 12 Months
$1,065,063
$1,136,632
$1,088,430
$1,141,215
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 $1.425
APR MAY
$917,791
JUN JUL
MEDIAN SALES PRICE
AUG
$497
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$917 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
GOLETA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$817,500
$840,000
$780,000
$866,125
5.9%
Average Price per Square Foot ..............
$506
$539
$523
$562
11.1%
Properties Sold ...................................
14
12
6
12
-14.3%
Properties Pending Sale .......................
11
12
14
11
0.0%
Properties For Sale ..............................
35
33
27
27
-22.9%
Days on Market (Pending Sale) .............
26
27
34
22
-15.4%
Month’s Supply of Inventory .................
2.5
2.8
4.5
2.2
-10.0%
Percent Under Contract .......................
31.4%
36.4%
51.9%
40.7%
29.6%
Average Median Price for Last 12 Months
$840,302
$861,896
$844,125
$852,433
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
$817
MAY
$866,125
JUN JUL
MEDIAN SALES PRICE
AUG
$562
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$866 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
HOPE RANCH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,833,258
$7,000,000
$5,400,000
$3,855,000
110.3%
Average Price per Square Foot ..............
$737
$734
$0
$832
12.9%
Properties Sold ...................................
1
5
1
3
200.0%
Properties Pending Sale .......................
1
3
8
3
200.0%
Properties For Sale ..............................
42
36
31
27
-35.7%
Days on Market (Pending Sale) .............
56
107
227
383
583.9%
Month’s Supply of Inventory .................
42
7.2
31
9
-78.6%
Percent Under Contract .......................
2.4%
8.3%
25.8%
11.1%
366.7%
Average Median Price for Last 12 Months
$2,525,897
$3,858,350
$3,675,283
$3,547,128
40.4%
*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
$1.833
MAY
$3,855,000
JUN JUL
MEDIAN SALES PRICE
AUG
$832
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.855 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MONTECITO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,405,000
$2,688,000
$2,697,500
$5,122,000
113.0%
Average Price per Square Foot ..............
$972
$834
$856
$1,333
37.1%
Properties Sold ...................................
17
9
10
2
-88.2%
Properties Pending Sale .......................
29
15
5
10
-65.5%
Properties For Sale ..............................
205
170
116
126
-38.5%
Days on Market (Pending Sale) .............
106
96
91
121
14.2%
Month’s Supply of Inventory .................
12.1
18.9
11.6
63
422.4%
Percent Under Contract .......................
14.1%
8.8%
4.3%
7.9%
-43.9%
Average Median Price for Last 12 Months
$2,811,708
$3,233,495
$3,793,924
$3,152,672
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
$2.405
MAY
$5,122,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,333
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
63 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$5.122 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA BARBARA EAST OF STATE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,325,000
$1,393,500
$2,060,000
$1,375,000
3.8%
Average Price per Square Foot ..............
$704
$724
$692
$749
6.4%
Properties Sold ...................................
33
26
14
32
-3.0%
Properties Pending Sale .......................
30
27
31
29
-3.3%
Properties For Sale ..............................
130
126
109
133
2.3%
Days on Market (Pending Sale) .............
28
31
57
53
89.3%
Month’s Supply of Inventory .................
3.9
4.8
7.8
4.2
5.5%
Percent Under Contract .......................
23.1%
21.4%
28.4%
21.8%
-5.5%
Average Median Price for Last 12 Months
$1,313,004
$1,540,252
$1,431,708
$1,431,347
9.0%
*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
$1.325
MAY
$1,375,000
JUN JUL
MEDIAN SALES PRICE
AUG
$749
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.375 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA BARBARA WEST OF STATE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,047,000
$1,165,000
$930,000
$1,222,500
16.8%
Average Price per Square Foot ..............
$716
$688
$696
$885
23.6%
Properties Sold ...................................
20
21
9
20
0.0%
Properties Pending Sale .......................
26
20
13
21
-19.2%
Properties For Sale ..............................
85
62
48
69
-18.8%
Days on Market (Pending Sale) .............
37
39
51
19
-48.6%
Month’s Supply of Inventory .................
4.2
3
5.3
3.4
-18.8%
Percent Under Contract .......................
30.6%
32.3%
27.1%
30.4%
-0.5%
Average Median Price for Last 12 Months
$1,091,825
$1,193,167
$1,322,167
$1,153,462
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
$1.047
MAY
$1,222,500
JUN JUL
MEDIAN SALES PRICE
AUG
$885
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.222 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA YNEZ
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$950,000
$902,500
$1,670,000
$1,050,000
10.5%
Average Price per Square Foot ..............
$456
$423
$465
$496
8.8%
Properties Sold ...................................
23
16
9
13
-43.5%
Properties Pending Sale .......................
17
21
19
18
5.9%
Properties For Sale ..............................
141
150
123
151
7.1%
Days on Market (Pending Sale) .............
110
87
124
180
63.6%
Month’s Supply of Inventory .................
6.1
9.4
13.7
11.6
89.5%
Percent Under Contract .......................
12.1%
14.0%
15.4%
11.9%
-1.1%
Average Median Price for Last 12 Months
$820,597
$973,667
$903,167
$918,058
11.9%
*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
$950
MAY
$1,050,000
JUN JUL
MEDIAN SALES PRICE
AUG
$496
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
11.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : April 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : April 2018
CARMEL
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,415,000
$1,325,000
$2,055,000
$1,712,500
21.0%
Average Price per Square Foot ..............
$841
$1,029
$919
$747
-11.2%
Properties Sold ...................................
25
27
17
19
-24.0%
Properties Pending Sale .......................
19
33
21
35
84.2%
Properties For Sale ..............................
156
182
121
159
1.9%
Days on Market (Pending Sale) .............
99
95
87
98
-1.0%
Month’s Supply of Inventory .................
6.2
6.7
7.1
8.4
34.1%
Percent Under Contract .......................
12.2%
18.1%
17.4%
22.0%
80.7%
Average Median Price for Last 12 Months
$1,468,750
$1,737,500
$1,752,500
$1,632,454
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
$1.415
MAY
$1,712,500
JUN JUL
MEDIAN SALES PRICE
AUG
$747
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.712 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CARMEL VALLEY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,280,000
$1,005,000
$1,200,000
$1,169,000
-8.7%
Average Price per Square Foot ..............
$459
$529
$490
$494
7.6%
Properties Sold ...................................
10
8
8
12
20.0%
Properties Pending Sale .......................
10
14
7
11
10.0%
Properties For Sale ..............................
58
70
55
71
22.4%
Days on Market (Pending Sale) .............
48
60
121
66
37.5%
Month’s Supply of Inventory .................
5.8
8.7
6.9
5.9
2.0%
Percent Under Contract .......................
17.2%
20.0%
12.7%
15.5%
-10.1%
Average Median Price for Last 12 Months
$1,140,583
$1,135,604
$1,274,708
$1,084,121
-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
$1.280
MAY
$1,169,000
JUN JUL
MEDIAN SALES PRICE
AUG
$494
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.169 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MARINA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$505,000
$565,000
$531,500
$563,000
11.5%
Average Price per Square Foot ..............
$328
$333
$367
$376
14.6%
Properties Sold ...................................
11
15
12
15
36.4%
Properties Pending Sale .......................
15
13
17
14
-6.7%
Properties For Sale ..............................
37
53
37
37
0.0%
Days on Market (Pending Sale) .............
61
45
50
30
-50.8%
Month’s Supply of Inventory .................
3.4
3.5
3.1
2.5
-26.7%
Percent Under Contract .......................
40.5%
24.5%
45.9%
37.8%
-6.7%
Average Median Price for Last 12 Months
$504,080
$568,750
$582,667
$558,615
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
$505
MAY
$563,000
JUN JUL
MEDIAN SALES PRICE
AUG
$376
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$563 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MONTEREY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$780,000
$840,000
$794,435
$885,000
13.5%
Average Price per Square Foot ..............
$440
$504
$469
$460
4.5%
Properties Sold ...................................
16
23
15
23
43.8%
Properties Pending Sale .......................
27
26
28
24
-11.1%
Properties For Sale ..............................
85
113
88
102
20.0%
Days on Market (Pending Sale) .............
67
64
53
60
-10.4%
Month’s Supply of Inventory .................
5.3
4.9
5.9
4.4
-16.5%
Percent Under Contract .......................
31.8%
23.0%
31.8%
23.5%
-25.9%
Average Median Price for Last 12 Months
$768,383
$868,739
$875,500
$827,995
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
$780
MAY
$885,000
JUN JUL
MEDIAN SALES PRICE
AUG
$460
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$885 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PACIFIC GROVE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,100,000
$900,000
$944,500
$928,000
-15.6%
Average Price per Square Foot ..............
$728
$569
$465
$734
0.8%
Properties Sold ...................................
9
13
6
10
11.1%
Properties Pending Sale .......................
21
11
11
17
-19.0%
Properties For Sale ..............................
54
53
36
52
-3.7%
Days on Market (Pending Sale) .............
28
73
20
65
132.1%
Month’s Supply of Inventory .................
6
4.1
6
5.2
-13.3%
Percent Under Contract .......................
38.9%
20.8%
30.6%
32.7%
-15.9%
Average Median Price for Last 12 Months
$935,750
$959,167
$932,500
$937,923
0.2%
*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 $1.100
APR MAY
$928,000
JUN JUL
MEDIAN SALES PRICE
AUG
$734
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$928 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PEBBLE BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,665,000
$2,100,000
$2,700,000
$1,425,000
-14.4%
Average Price per Square Foot ..............
$660
$918
$868
$800
21.2%
Properties Sold ...................................
7
10
9
17
142.9%
Properties Pending Sale .......................
11
11
13
17
54.5%
Properties For Sale ..............................
90
94
73
82
-8.9%
Days on Market (Pending Sale) .............
110
89
144
87
-20.9%
Month’s Supply of Inventory .................
12.9
9.4
8.1
4.8
-62.5%
Percent Under Contract .......................
12.2%
11.7%
17.8%
20.7%
69.6%
Average Median Price for Last 12 Months
$1,706,583
$1,707,167
$1,444,167
$1,779,226
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
$1.665
MAY
$1,425,000
JUN JUL
MEDIAN SALES PRICE
AUG
$800
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.425 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SALINAS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$519,000
$495,000
$485,000
$504,750
-2.7%
Average Price per Square Foot ..............
$294
$310
$312
$311
5.8%
Properties Sold ...................................
40
59
50
40
0.0%
Properties Pending Sale .......................
54
66
44
71
31.5%
Properties For Sale ..............................
165
209
122
159
-3.6%
Days on Market (Pending Sale) .............
49
51
47
39
-20.4%
Month’s Supply of Inventory .................
4.1
3.5
2.4
4
-3.6%
Percent Under Contract .......................
32.7%
31.6%
36.1%
44.7%
36.4%
Average Median Price for Last 12 Months
$468,625
$488,750
$491,500
$495,848
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 $519
APR MAY
$504,750
JUN JUL
MEDIAN SALES PRICE
AUG
$311
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$504 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SEASIDE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$490,000
$510,000
$549,000
$499,900
2.0%
Average Price per Square Foot ..............
$393
$367
$401
$406
3.3%
Properties Sold ...................................
19
20
12
13
-31.6%
Properties Pending Sale .......................
22
13
12
14
-36.4%
Properties For Sale ..............................
52
54
39
41
-21.2%
Days on Market (Pending Sale) .............
40
40
63
28
-30.0%
Month’s Supply of Inventory .................
2.7
2.7
3.2
3.2
15.2%
Percent Under Contract .......................
42.3%
24.1%
30.8%
34.1%
-19.3%
Average Median Price for Last 12 Months
$472,362
$552,467
$582,733
$529,912
12.2%
*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
$490
MAY
$499,900
JUN JUL
MEDIAN SALES PRICE
AUG
$406
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$499 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
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 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : April 2018
SAN DIEGO COUNTY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$598,000
$610,000
$595,000
$640,000
7.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2007
1927
1316
1906
-5.0%
Properties Pending Sale .......................
2368
1995
1791
2285
-3.5%
Properties For Sale ..............................
6,779
6,682
5,509
6,932
2.3%
Days on Market (Pending Sale) .............
34
37
38
31
-8.8%
Month’s Supply of Inventory .................
3.4
3.5
4.2
3.6
7.7%
Percent Under Contract .......................
34.9%
29.9%
32.5%
33.0%
-5.6%
Average Median Price for Last 12 Months
$570,044
$619,500
$629,000
$615,112
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 $598
APR MAY
$640,000
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
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$725,000
$860,000
$799,762
$850,000
17.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
10
13
10
15
50.0%
Properties Pending Sale .......................
6
8
12
10
66.7%
Properties For Sale ..............................
26
21
27
23
-11.5%
Days on Market (Pending Sale) .............
9
28
25
18
100.0%
Month’s Supply of Inventory .................
2.6
1.6
2.7
1.5
-41.0%
Percent Under Contract .......................
23.1%
38.1%
44.4%
43.5%
88.4%
Average Median Price for Last 12 Months
$761,029
$865,377
$861,833
$833,378
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
$725
MAY
$850,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CARLSBAD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$990,000
$985,805
$945,000
$985,000
-0.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
105
100
58
109
3.8%
Properties Pending Sale .......................
126
94
67
95
-24.6%
Properties For Sale ..............................
317
262
198
295
-6.9%
Days on Market (Pending Sale) .............
34
36
30
30
-11.8%
Month’s Supply of Inventory .................
3
2.6
3.4
2.7
-10.4%
Percent Under Contract .......................
39.7%
35.9%
33.8%
32.2%
-19.0%
Average Median Price for Last 12 Months
$890,583
$956,148
$984,333
$956,596
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 $990
APR MAY
$985,000
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
$985 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CARMEL VALLEY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,168,500
$1,150,000
$1,230,000
$1,350,000
15.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
30
33
13
47
56.7%
Properties Pending Sale .......................
55
36
24
61
10.9%
Properties For Sale ..............................
160
125
98
164
2.5%
Days on Market (Pending Sale) .............
29
33
29
25
-13.8%
Month’s Supply of Inventory .................
5.3
3.8
7.5
3.5
-34.6%
Percent Under Contract .......................
34.4%
28.8%
24.5%
37.2%
8.2%
Average Median Price for Last 12 Months
$1,181,542
$1,170,333
$1,314,000
$1,194,723
1.1%
*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
$1.168
MAY
$1,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.350 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CHULA VISTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$510,000
$545,000
$550,000
$549,000
7.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
137
144
81
127
-7.3%
Properties Pending Sale .......................
159
127
128
151
-5.0%
Properties For Sale ..............................
408
391
340
438
7.4%
Days on Market (Pending Sale) .............
37
41
32
30
-18.9%
Month’s Supply of Inventory .................
3
2.7
4.2
3.4
15.8%
Percent Under Contract .......................
39.0%
32.5%
37.6%
34.5%
-11.5%
Average Median Price for Last 12 Months
$513,606
$564,583
$560,833
$555,127
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
$510
MAY
$549,000
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
$549 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$621,000
$660,750
$692,444
$669,000
7.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
37
34
19
35
-5.4%
Properties Pending Sale .......................
41
36
28
49
19.5%
Properties For Sale ..............................
75
91
62
77
2.7%
Days on Market (Pending Sale) .............
18
23
27
15
-16.7%
Month’s Supply of Inventory .................
2
2.7
3.3
2.2
8.5%
Percent Under Contract .......................
54.7%
39.6%
45.2%
63.6%
16.4%
Average Median Price for Last 12 Months
$602,558
$692,574
$720,500
$668,438
9.9%
*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
$621
MAY
$669,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$669 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CORONADO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,800,000
$2,342,500
$2,337,500
$2,600,000
44.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
11
12
14
9
-18.2%
Properties Pending Sale .......................
19
19
10
27
42.1%
Properties For Sale ..............................
116
102
84
113
-2.6%
Days on Market (Pending Sale) .............
118
156
74
79
-33.1%
Month’s Supply of Inventory .................
10.5
8.5
6
12.6
19.1%
Percent Under Contract .......................
16.4%
18.6%
11.9%
23.9%
45.9%
Average Median Price for Last 12 Months
$1,742,125
$2,392,625
$2,326,250
$2,122,365
17.9%
*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
$1.800
MAY
$2,600,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DEL MAR
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,160,000
$2,500,000
$1,895,000
$2,200,000
1.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
15
14
17
17
13.3%
Properties Pending Sale .......................
14
15
19
16
14.3%
Properties For Sale ..............................
96
123
87
90
-6.2%
Days on Market (Pending Sale) .............
42
69
49
46
9.5%
Month’s Supply of Inventory .................
6.4
8.8
5.1
5.3
-17.3%
Percent Under Contract .......................
14.6%
12.2%
21.8%
17.8%
21.9%
Average Median Price for Last 12 Months
$1,775,042
$1,992,917
$2,054,167
$1,994,856
11.0%
*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
$2.160
MAY
$2,200,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
EL CAJON
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$510,000
$518,500
$490,000
$535,000
4.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
107
104
77
105
-1.9%
Properties Pending Sale .......................
116
121
99
95
-18.1%
Properties For Sale ..............................
286
301
262
307
7.3%
Days on Market (Pending Sale) .............
29
31
51
35
20.7%
Month’s Supply of Inventory .................
2.7
2.9
3.4
2.9
9.4%
Percent Under Contract .......................
40.6%
40.2%
37.8%
30.9%
-23.7%
Average Median Price for Last 12 Months
$490,089
$513,992
$514,000
$515,669
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 $510
APR MAY
$535,000
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
$535 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ENCINITAS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,299,950
$1,345,000
$1,180,000
$1,255,000
-3.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
40
31
18
25
-37.5%
Properties Pending Sale .......................
40
24
39
30
-25.0%
Properties For Sale ..............................
153
120
112
124
-19.0%
Days on Market (Pending Sale) .............
32
22
41
27
-15.6%
Month’s Supply of Inventory .................
3.8
3.9
6.2
5
29.7%
Percent Under Contract .......................
26.1%
20.0%
34.8%
24.2%
-7.5%
Average Median Price for Last 12 Months
$1,211,098
$1,357,583
$1,488,667
$1,291,381
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
$1.299
MAY
$1,255,000
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
$1.255 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ESCONDIDO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$537,500
$515,500
$517,000
$558,900
4.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
144
132
102
119
-17.4%
Properties Pending Sale .......................
154
130
123
158
2.6%
Properties For Sale ..............................
475
453
377
458
-3.6%
Days on Market (Pending Sale) .............
35
34
46
29
-17.1%
Month’s Supply of Inventory .................
3.3
3.4
3.7
3.8
16.7%
Percent Under Contract .......................
32.4%
28.7%
32.6%
34.5%
6.4%
Average Median Price for Last 12 Months
$509,842
$546,317
$554,467
$538,992
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 $537
APR MAY
$558,900
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
$558 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
IMPERIAL-BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$562,500
$582,500
$517,500
$620,000
10.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
8
8
12
21
162.5%
Properties Pending Sale .......................
9
14
11
16
77.8%
Properties For Sale ..............................
30
42
42
56
86.7%
Days on Market (Pending Sale) .............
42
41
12
36
-14.3%
Month’s Supply of Inventory .................
3.8
5.2
3.5
2.7
-28.9%
Percent Under Contract .......................
30.0%
33.3%
26.2%
28.6%
-4.8%
Average Median Price for Last 12 Months
$524,767
$582,083
$595,000
$580,417
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
$562
MAY
$620,000
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
$620 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LA JOLLA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$2,200,000
$2,128,250
$2,750,000
$2,377,500
8.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
29
38
17
31
6.9%
Properties Pending Sale .......................
31
27
16
41
32.3%
Properties For Sale ..............................
238
222
205
237
-0.4%
Days on Market (Pending Sale) .............
49
85
65
40
-18.4%
Month’s Supply of Inventory .................
8.2
5.8
12.1
7.6
-6.8%
Percent Under Contract .......................
13.0%
12.2%
7.8%
17.3%
32.8%
Average Median Price for Last 12 Months
$1,963,000
$2,346,333
$2,232,167
$2,285,135
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
$2.200
MAY
$2,377,500
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.377 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LA MESA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$536,000
$540,000
$585,000
$600,000
11.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
54
43
35
58
7.4%
Properties Pending Sale .......................
82
65
56
69
-15.9%
Properties For Sale ..............................
171
204
151
183
7.0%
Days on Market (Pending Sale) .............
28
28
30
26
-7.1%
Month’s Supply of Inventory .................
2.1
3.1
2.7
3.2
51.3%
Percent Under Contract .......................
48.0%
31.9%
37.1%
37.7%
-21.4%
Average Median Price for Last 12 Months
$527,292
$592,833
$587,333
$578,607
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
$536
MAY
$600,000
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
$600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$550,000
$630,500
$622,500
$650,000
18.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
12
14
15
-11.8%
Properties Pending Sale .......................
21
12
16
24
14.3%
Properties For Sale ..............................
39
32
26
47
20.5%
Days on Market (Pending Sale) .............
15
15
22
9
-40.0%
Month’s Supply of Inventory .................
1.9
2.7
1.6
3.1
68.7%
Percent Under Contract .......................
53.8%
37.5%
61.5%
51.1%
-5.2%
Average Median Price for Last 12 Months
$555,417
$628,000
$637,167
$613,588
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
$550
MAY
$650,000
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
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LEMON GROVE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$438,500
$447,500
$450,000
$485,000
10.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
18
26
17
12
-33.3%
Properties Pending Sale .......................
21
23
25
33
57.1%
Properties For Sale ..............................
41
47
45
57
39.0%
Days on Market (Pending Sale) .............
35
50
28
26
-25.7%
Month’s Supply of Inventory .................
2
2
1.8
4.8
143.3%
Percent Under Contract .......................
51.2%
48.9%
55.6%
57.9%
13.0%
Average Median Price for Last 12 Months
$421,688
$456,333
$470,000
$447,269
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
$438
MAY
$485,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$485 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
NATIONAL CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$356,000
$410,000
$460,000
$420,000
18.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
7
17
9
13
85.7%
Properties Pending Sale .......................
17
23
18
25
47.1%
Properties For Sale ..............................
44
60
45
43
-2.3%
Days on Market (Pending Sale) .............
37
29
54
35
-5.4%
Month’s Supply of Inventory .................
2.6
2.6
2.5
3.3
27.8%
Percent Under Contract .......................
38.6%
38.3%
40.0%
58.1%
50.5%
Average Median Price for Last 12 Months
$380,521
$430,575
$416,667
$417,727
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
$356
MAY
$420,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$420 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
OCEANSIDE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$530,000
$565,000
$568,375
$565,000
6.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
138
125
92
108
-21.7%
Properties Pending Sale .......................
159
98
112
132
-17.0%
Properties For Sale ..............................
322
279
251
351
9.0%
Days on Market (Pending Sale) .............
30
31
34
26
-13.3%
Month’s Supply of Inventory .................
2.3
2.2
2.7
3.2
39.3%
Percent Under Contract .......................
49.4%
35.1%
44.6%
37.6%
-23.8%
Average Median Price for Last 12 Months
$1,058,000
$558,563
$557,667
$554,090
-90.9%
*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 $530
APR MAY
$565,000
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
$565 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
POWAY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$872,750
$776,000
$783,500
$825,000
-5.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
47
41
30
41
-12.8%
Properties Pending Sale .......................
67
59
36
49
-26.9%
Properties For Sale ..............................
170
147
101
139
-18.2%
Days on Market (Pending Sale) .............
34
38
22
23
-32.4%
Month’s Supply of Inventory .................
3.6
3.6
3.4
3.4
-6.3%
Percent Under Contract .......................
39.4%
40.1%
35.6%
35.3%
-10.6%
Average Median Price for Last 12 Months
$698,442
$766,167
$781,667
$763,362
8.5%
*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 $872
APR MAY
$825,000
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
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
RANCHO BERNARDO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$816,500
$945,000
$821,100
$815,000
-0.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
100
77
57
91
-9.0%
Properties Pending Sale .......................
115
68
68
106
-7.8%
Properties For Sale ..............................
317
223
209
314
-0.9%
Days on Market (Pending Sale) .............
23
26
30
29
26.1%
Month’s Supply of Inventory .................
4.2
4.3
5
3.5
-18.4%
Percent Under Contract .......................
36.3%
30.5%
32.5%
33.8%
-6.9%
Average Median Price for Last 12 Months
$762,716
$830,517
$825,667
$849,186
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
$816
MAY
$815,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$815 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN MARCOS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$631,250
$621,000
$649,000
$707,000
12.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
76
50
42
72
-5.3%
Properties Pending Sale .......................
75
74
61
76
1.3%
Properties For Sale ..............................
157
176
136
211
34.4%
Days on Market (Pending Sale) .............
20
27
39
25
25.0%
Month’s Supply of Inventory .................
2.1
3.5
3.2
2.9
41.9%
Percent Under Contract .......................
47.8%
42.0%
44.9%
36.0%
-24.6%
Average Median Price for Last 12 Months
$579,021
$641,167
$635,667
$640,173
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
$631
MAY
$707,000
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
$707 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SAN DIEGO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$606,000
$662,500
$685,000
$673,000
11.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
64
59
43
65
1.6%
Properties Pending Sale .......................
68
57
56
83
22.1%
Properties For Sale ..............................
140
145
115
147
5.0%
Days on Market (Pending Sale) .............
16
22
25
13
-18.8%
Month’s Supply of Inventory .................
2.2
2.5
2.7
2.3
3.4%
Percent Under Contract .......................
48.6%
39.3%
48.7%
56.5%
16.2%
Average Median Price for Last 12 Months
$595,388
$675,500
$687,000
$656,119
9.3%
*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
$606
MAY
$673,000
JUN JUL
MEDIAN SALES PRICE
AUG
N/A
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$673 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTEE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$490,000
$527,500
$530,000
$530,000
8.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
41
42
29
38
-7.3%
Properties Pending Sale .......................
50
42
33
75
50.0%
Properties For Sale ..............................
94
99
80
144
53.2%
Days on Market (Pending Sale) .............
20
23
32
30
50.0%
Month’s Supply of Inventory .................
2.3
2.4
2.8
3.8
65.3%
Percent Under Contract .......................
53.2%
42.4%
41.2%
52.1%
-2.1%
Average Median Price for Last 12 Months
$477,533
$531,000
$537,333
$520,304
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
$490
MAY
$530,000
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
$530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SOLANA BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,160,000
$2,037,500
$1,700,000
$1,649,000
42.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
5
5
5
9
80.0%
Properties Pending Sale .......................
10
3
7
7
-30.0%
Properties For Sale ..............................
30
20
29
28
-6.7%
Days on Market (Pending Sale) .............
29
33
85
49
69.0%
Month’s Supply of Inventory .................
6
4
5.8
3.1
-48.1%
Percent Under Contract .......................
33.3%
15.0%
24.1%
25.0%
-25.0%
Average Median Price for Last 12 Months
$1,545,250
$1,561,917
$1,498,833
$1,551,212
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
$1.160
MAY
$1,649,000
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
$1.649 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SPRING VALLEY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$450,000
$472,500
$488,500
$505,000
12.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
45
59
41
41
-8.9%
Properties Pending Sale .......................
58
45
49
57
-1.7%
Properties For Sale ..............................
128
147
113
151
18.0%
Days on Market (Pending Sale) .............
32
29
30
25
-21.9%
Month’s Supply of Inventory .................
2.8
2.5
2.8
3.7
29.5%
Percent Under Contract .......................
45.3%
30.6%
43.4%
37.7%
-16.7%
Average Median Price for Last 12 Months
$433,704
$490,167
$499,167
$470,865
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 APR
$450
MAY
$505,000
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
$505 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
VISTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$508,000
$525,300
$560,000
$560,000
10.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
67
72
43
62
-7.5%
Properties Pending Sale .......................
87
76
61
78
-10.3%
Properties For Sale ..............................
215
252
183
233
8.4%
Days on Market (Pending Sale) .............
42
37
29
24
-42.9%
Month’s Supply of Inventory .................
3.2
3.5
4.3
3.8
17.1%
Percent Under Contract .......................
40.5%
30.2%
33.3%
33.5%
-17.3%
Average Median Price for Last 12 Months
$497,229
$555,667
$552,167
$542,869
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
$508
MAY
$560,000
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
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : April 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : April 2018
BERMUDA DUNES
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$301,250
$369,000
$337,912
$440,000
46.1%
Average Price per Square Foot ..............
$142
$144
$155
$228
60.6%
Properties Sold ...................................
4
3
2
2
-50.0%
Properties Pending Sale .......................
0
0
0
0
n/a
Properties For Sale ..............................
10
14
10
7
-30.0%
Days on Market (Pending Sale) .............
0
0
0
0
n/a
Month’s Supply of Inventory .................
2.5
4.7
5
3.5
40.0%
Percent Under Contract .......................
0.0%
0.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months
$290,229
$516,978
$465,000
$416,128
30.3%
*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
$301
MAY
$440,000
JUN JUL
MEDIAN SALES PRICE
AUG
$228
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$440 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CATHEDRAL CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$269,000
$347,000
$326,000
$327,500
21.7%
Average Price per Square Foot ..............
$172
$191
$198
$194
12.8%
Properties Sold ...................................
21
22
20
30
42.9%
Properties Pending Sale .......................
23
25
35
23
0.0%
Properties For Sale ..............................
112
103
122
100
-10.7%
Days on Market (Pending Sale) .............
61
62
48
48
-21.3%
Month’s Supply of Inventory .................
5.3
4.7
6.1
3.3
-37.5%
Percent Under Contract .......................
20.5%
24.3%
28.7%
23.0%
12.0%
Average Median Price for Last 12 Months
$277,200
$315,917
$321,500
$306,881
9.7%
*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
$269
MAY
$327,500
JUN JUL
MEDIAN SALES PRICE
AUG
$194
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$327 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
COACHELLA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$203,000
$285,000
$272,000
$263,000
29.6%
Average Price per Square Foot ..............
$128
$141
$122
$137
7.0%
Properties Sold ...................................
2
4
2
5
150.0%
Properties Pending Sale .......................
2
2
5
3
50.0%
Properties For Sale ..............................
13
19
19
12
-7.7%
Days on Market (Pending Sale) .............
19
34
25
66
247.4%
Month’s Supply of Inventory .................
6.5
4.8
9.5
2.4
-63.1%
Percent Under Contract .......................
15.4%
10.5%
26.3%
25.0%
62.5%
Average Median Price for Last 12 Months
$206,458
$260,825
$255,000
$245,681
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
$203
MAY
$263,000
JUN JUL
MEDIAN SALES PRICE
AUG
$137
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$263 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DESERT HOT SPRINGS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$199,450
$200,250
$226,000
$208,500
4.5%
Average Price per Square Foot ..............
$126
$123
$127
$132
4.8%
Properties Sold ...................................
30
26
30
32
6.7%
Properties Pending Sale .......................
39
33
31
41
5.1%
Properties For Sale ..............................
162
179
169
156
-3.7%
Days on Market (Pending Sale) .............
80
102
87
54
-32.5%
Month’s Supply of Inventory .................
5.4
6.9
5.6
4.9
-9.7%
Percent Under Contract .......................
24.1%
18.4%
18.3%
26.3%
9.2%
Average Median Price for Last 12 Months
$182,999
$220,167
$214,167
$210,200
12.9%
*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
$199
MAY
$208,500
JUN JUL
MEDIAN SALES PRICE
AUG
$132
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$208 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
INDIAN WELLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$557,500
$1,074,500
$1,190,000
$410,000
-26.5%
Average Price per Square Foot ..............
$214
$212
$269
$146
-31.8%
Properties Sold ...................................
2
2
4
1
-50.0%
Properties Pending Sale .......................
5
2
1
1
-80.0%
Properties For Sale ..............................
21
16
13
15
-28.6%
Days on Market (Pending Sale) .............
75
252
57
11
-85.3%
Month’s Supply of Inventory .................
10.5
8
3.2
15
42.9%
Percent Under Contract .......................
23.8%
12.5%
7.7%
6.7%
-72.0%
Average Median Price for Last 12 Months
$596,396
$673,750
$440,000
$801,889
25.6%
*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
$557
MAY
$410,000
JUN JUL
MEDIAN SALES PRICE
AUG
$146
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
15 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$410 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
INDIO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$300,000
$304,000
$297,500
$294,500
-1.8%
Average Price per Square Foot ..............
$147
$139
$167
$158
7.5%
Properties Sold ...................................
15
17
22
18
20.0%
Properties Pending Sale .......................
19
17
22
18
-5.3%
Properties For Sale ..............................
92
90
96
89
-3.3%
Days on Market (Pending Sale) .............
71
51
56
73
2.8%
Month’s Supply of Inventory .................
6.1
5.3
4.4
4.9
-19.4%
Percent Under Contract .......................
20.7%
18.9%
22.9%
20.2%
-2.1%
Average Median Price for Last 12 Months
$292,995
$282,500
$292,417
$285,615
-2.6%
*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 $300
APR MAY
$294,500
JUN JUL
MEDIAN SALES PRICE
AUG
$158
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$294 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
LA QUINTA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$322,500
$400,000
$370,000
$385,000
19.4%
Average Price per Square Foot ..............
$212
$209
$196
$216
1.9%
Properties Sold ...................................
17
11
7
12
-29.4%
Properties Pending Sale .......................
16
10
8
10
-37.5%
Properties For Sale ..............................
112
70
76
79
-29.5%
Days on Market (Pending Sale) .............
128
58
54
64
-50.0%
Month’s Supply of Inventory .................
6.6
6.4
10.9
6.6
-0.1%
Percent Under Contract .......................
14.3%
14.3%
10.5%
12.7%
-11.4%
Average Median Price for Last 12 Months
$347,681
$366,775
$375,967
$362,781
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
$322
MAY
$385,000
JUN JUL
MEDIAN SALES PRICE
AUG
$216
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$385 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PALM DESERT
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$418,500
$325,000
$508,900
$395,000
-5.6%
Average Price per Square Foot ..............
$246
$230
$229
$217
-11.8%
Properties Sold ...................................
14
12
13
27
92.9%
Properties Pending Sale .......................
15
17
21
22
46.7%
Properties For Sale ..............................
95
90
118
110
15.8%
Days on Market (Pending Sale) .............
63
58
59
55
-12.7%
Month’s Supply of Inventory .................
6.8
7.5
9.1
4.1
-40.0%
Percent Under Contract .......................
15.8%
18.9%
17.8%
20.0%
26.7%
Average Median Price for Last 12 Months
$351,072
$397,900
$358,333
$375,069
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
$418
MAY
$395,000
JUN JUL
MEDIAN SALES PRICE
AUG
$217
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$395 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
PALM SPRINGS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$590,000
$670,000
$649,250
$665,000
12.7%
Average Price per Square Foot ..............
$341
$353
$330
$398
16.7%
Properties Sold ...................................
81
62
54
89
9.9%
Properties Pending Sale .......................
74
78
72
96
29.7%
Properties For Sale ..............................
459
422
421
445
-3.1%
Days on Market (Pending Sale) .............
83
67
67
72
-13.3%
Month’s Supply of Inventory .................
5.7
6.8
7.8
5
-11.8%
Percent Under Contract .......................
16.1%
18.5%
17.1%
21.6%
33.8%
Average Median Price for Last 12 Months
$582,746
$647,817
$660,333
$624,512
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
$590
MAY
$665,000
JUN JUL
MEDIAN SALES PRICE
AUG
$398
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$665 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
RANCHO MIRAGE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$515,000
$549,500
$552,750
$625,000
21.4%
Average Price per Square Foot ..............
$225
$253
$322
$253
12.4%
Properties Sold ...................................
20
14
12
23
15.0%
Properties Pending Sale .......................
20
17
23
17
-15.0%
Properties For Sale ..............................
156
131
142
129
-17.3%
Days on Market (Pending Sale) .............
127
129
67
62
-51.2%
Month’s Supply of Inventory .................
7.8
9.4
11.8
5.6
-28.1%
Percent Under Contract .......................
12.8%
13.0%
16.2%
13.2%
2.8%
Average Median Price for Last 12 Months
$527,708
$617,125
$617,500
$579,558
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
$515
MAY
$625,000
JUN JUL
MEDIAN SALES PRICE
AUG
$253
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
THOUSAND PALMS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$0
$0
$500,000
$280,250
n/a
Average Price per Square Foot ..............
$0
$0
$133
$162
n/a
Properties Sold ...................................
0
0
1
2
n/a
Properties Pending Sale .......................
2
0
1
1
-50.0%
Properties For Sale ..............................
9
9
8
12
33.3%
Days on Market (Pending Sale) .............
24
0
13
40
66.7%
Month’s Supply of Inventory .................
4.5
n/a
8
6
33.3%
Percent Under Contract .......................
22.2%
0.0%
12.5%
8.3%
-62.5%
Average Median Price for Last 12 Months
$95,366
$353,850
$233,083
$244,189
60.9%
*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 MAY
$280,250
JUN JUL
MEDIAN SALES PRICE
AUG
$162
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$280 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
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 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : April 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$651,500
$722,000
$455,000
$775,000
19.0%
Average Price per Square Foot ..............
$586
$601
$948
$625
6.7%
Properties Sold ...................................
6
9
1
11
83.3%
Properties Pending Sale .......................
10
10
3
6
-40.0%
Properties For Sale ..............................
31
26
16
21
-32.3%
Days on Market (Pending Sale) .............
31
28
7
21
-32.3%
Month’s Supply of Inventory .................
5.2
2.9
16
1.9
-63.0%
Percent Under Contract .......................
32.3%
38.5%
18.8%
28.6%
-11.4%
Average Median Price for Last 12 Months
$735,875
$762,667
$794,000
$747,385
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
$651
MAY
$775,000
JUN JUL
MEDIAN SALES PRICE
AUG
$625
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BEVERLY HILLS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,238,000
$1,025,000
$1,100,000
$1,279,000
3.3%
Average Price per Square Foot ..............
$832
$718
$639
$783
-5.9%
Properties Sold ...................................
13
10
3
6
-53.8%
Properties Pending Sale .......................
13
9
13
10
-23.1%
Properties For Sale ..............................
52
55
42
37
-28.8%
Days on Market (Pending Sale) .............
48
33
44
20
-58.3%
Month’s Supply of Inventory .................
4
5.5
14
6.2
54.2%
Percent Under Contract .......................
25.0%
16.4%
31.0%
27.0%
8.1%
Average Median Price for Last 12 Months
$1,241,574
$1,259,407
$1,286,333
$1,269,342
2.2%
*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
$1.238
MAY
$1,279,000
JUN JUL
MEDIAN SALES PRICE
AUG
$783
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.279 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
BRENTWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$855,000
$963,500
$765,000
$1,042,500
21.9%
Average Price per Square Foot ..............
$631
$666
$655
$656
4.0%
Properties Sold ...................................
13
19
10
14
7.7%
Properties Pending Sale .......................
17
20
7
16
-5.9%
Properties For Sale ..............................
60
55
36
55
-8.3%
Days on Market (Pending Sale) .............
23
29
24
22
-4.3%
Month’s Supply of Inventory .................
4.6
2.9
3.6
3.9
-14.9%
Percent Under Contract .......................
28.3%
36.4%
19.4%
29.1%
2.7%
Average Median Price for Last 12 Months
$830,019
$897,500
$932,667
$913,962
10.1%
*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
$855
MAY
$1,042,500
JUN JUL
MEDIAN SALES PRICE
AUG
$656
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.042 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
CULVER CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$515,000
$594,000
$522,500
$530,000
2.9%
Average Price per Square Foot ..............
$519
$517
$518
$556
7.1%
Properties Sold ...................................
9
8
14
11
22.2%
Properties Pending Sale .......................
12
8
9
11
-8.3%
Properties For Sale ..............................
26
32
18
23
-11.5%
Days on Market (Pending Sale) .............
16
14
16
21
31.2%
Month’s Supply of Inventory .................
2.9
4
1.3
2.1
-27.6%
Percent Under Contract .......................
46.2%
25.0%
50.0%
47.8%
3.6%
Average Median Price for Last 12 Months
$481,381
$546,292
$575,750
$538,481
11.9%
*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
$515
MAY
$530,000
JUN JUL
MEDIAN SALES PRICE
AUG
$556
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
DOWNTOWN
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$549,500
$695,000
$670,000
$598,000
8.8%
Average Price per Square Foot ..............
$635
$719
$669
$638
0.5%
Properties Sold ...................................
42
41
29
39
-7.1%
Properties Pending Sale .......................
46
27
44
45
-2.2%
Properties For Sale ..............................
215
216
187
182
-15.3%
Days on Market (Pending Sale) .............
52
71
65
36
-30.8%
Month’s Supply of Inventory .................
5.1
5.3
6.4
4.7
-8.8%
Percent Under Contract .......................
21.4%
12.5%
23.5%
24.7%
15.6%
Average Median Price for Last 12 Months
$583,458
$616,458
$605,917
$623,385
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
$549
MAY
$598,000
JUN JUL
MEDIAN SALES PRICE
AUG
$638
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$598 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
ENCINO
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$330,000
$327,000
$390,000
$390,000
18.2%
Average Price per Square Foot ..............
$313
$332
$371
$405
29.4%
Properties Sold ...................................
16
21
15
11
-31.2%
Properties Pending Sale .......................
21
23
17
18
-14.3%
Properties For Sale ..............................
21
27
18
20
-4.8%
Days on Market (Pending Sale) .............
80
35
47
41
-48.8%
Month’s Supply of Inventory .................
1.3
1.3
1.2
1.8
38.5%
Percent Under Contract .......................
100.0%
85.2%
94.4%
90.0%
-10.0%
Average Median Price for Last 12 Months
$356,500
$411,167
$463,667
$385,923
8.3%
*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
$330
MAY
$390,000
JUN JUL
MEDIAN SALES PRICE
AUG
$405
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$390 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MALIBU
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$891,500
$0
$1,210,000
$0
-100.0%
Average Price per Square Foot ..............
$677
$0
$676
$0
-100.0%
Properties Sold ...................................
4
0
1
0
-100.0%
Properties Pending Sale .......................
4
4
4
0
-100.0%
Properties For Sale ..............................
21
25
20
19
-9.5%
Days on Market (Pending Sale) .............
51
39
26
0
-100.0%
Month’s Supply of Inventory .................
5.2
n/a
20
n/a
n/a
Percent Under Contract .......................
19.0%
16.0%
20.0%
0.0%
-100.0%
Average Median Price for Last 12 Months
$901,563
$1,060,500
$962,500
$955,150
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
$891
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MALIBU BEACH
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$0
$1,116,950
$0
$780,000
n/a
Average Price per Square Foot ..............
$0
$1,281
$0
$1,496
n/a
Properties Sold ...................................
0
2
0
3
n/a
Properties Pending Sale .......................
2
0
0
3
50.0%
Properties For Sale ..............................
12
10
13
16
33.3%
Days on Market (Pending Sale) .............
38
0
0
124
226.3%
Month’s Supply of Inventory .................
n/a
5
n/a
0.1
n/a
Percent Under Contract .......................
16.7%
0.0%
0.0%
18.8%
12.5%
Average Median Price for Last 12 Months
$916,611
$1,247,000
$946,667
$1,078,177
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 MAY
$780,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,496
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
0.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
MARINA DEL REY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$872,990
$925,000
$1,000,000
$1,077,500
23.4%
Average Price per Square Foot ..............
$678
$677
$762
$683
0.7%
Properties Sold ...................................
25
21
17
12
-52.0%
Properties Pending Sale .......................
26
27
22
21
-19.2%
Properties For Sale ..............................
96
97
78
84
-12.5%
Days on Market (Pending Sale) .............
25
37
34
42
68.0%
Month’s Supply of Inventory .................
3.8
4.6
4.6
7
82.3%
Percent Under Contract .......................
27.1%
27.8%
28.2%
25.0%
-7.7%
Average Median Price for Last 12 Months
$900,208
$959,583
$997,500
$935,472
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
$872
MAY
$1,077,500
JUN JUL
MEDIAN SALES PRICE
AUG
$683
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.077 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SANTA MONICA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$937,000
$1,282,500
$1,211,000
$1,007,000
7.5%
Average Price per Square Foot ..............
$980
$1,100
$997
$977
-0.3%
Properties Sold ...................................
23
22
15
34
47.8%
Properties Pending Sale .......................
15
26
26
39
160.0%
Properties For Sale ..............................
86
94
96
124
44.2%
Days on Market (Pending Sale) .............
30
21
41
24
-20.0%
Month’s Supply of Inventory .................
3.7
4.3
6.4
3.6
-2.5%
Percent Under Contract .......................
17.4%
27.7%
27.1%
31.5%
80.3%
Average Median Price for Last 12 Months
$898,604
$1,040,167
$1,064,167
$1,038,731
15.6%
*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
$937
MAY
$1,007,000
JUN JUL
MEDIAN SALES PRICE
AUG
$977
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.007 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
SHERMAN OAKS
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$480,000
$477,000
$486,000
$552,000
15.0%
Average Price per Square Foot ..............
$360
$372
$420
$437
21.4%
Properties Sold ...................................
22
18
14
17
-22.7%
Properties Pending Sale .......................
40
26
18
21
-47.5%
Properties For Sale ..............................
34
14
14
23
-32.4%
Days on Market (Pending Sale) .............
60
44
41
31
-48.3%
Month’s Supply of Inventory .................
1.5
0.8
1
1.4
-12.5%
Percent Under Contract .......................
117.6%
185.7%
128.6%
91.3%
-22.4%
Average Median Price for Last 12 Months
$455,500
$533,333
$560,667
$518,077
13.7%
*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
$480
MAY
$552,000
JUN JUL
MEDIAN SALES PRICE
AUG
$437
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$552 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
STUDIO CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$635,000
$659,000
$625,000
$725,000
14.2%
Average Price per Square Foot ..............
$447
$483
$485
$507
13.4%
Properties Sold ...................................
13
13
11
5
-61.5%
Properties Pending Sale .......................
15
19
7
8
-46.7%
Properties For Sale ..............................
22
21
10
8
-63.6%
Days on Market (Pending Sale) .............
72
43
52
51
-29.2%
Month’s Supply of Inventory .................
1.7
1.6
0.9
1.6
-5.5%
Percent Under Contract .......................
68.2%
90.5%
70.0%
100.0%
46.7%
Average Median Price for Last 12 Months
$558,250
$673,000
$659,333
$679,231
21.7%
*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
$635
MAY
$725,000
JUN JUL
MEDIAN SALES PRICE
AUG
$507
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$725 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
VENICE
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$1,275,000
$841,000
$1,240,000
$1,710,000
34.1%
Average Price per Square Foot ..............
$888
$958
$963
$932
5.0%
Properties Sold ...................................
3
1
3
1
-66.7%
Properties Pending Sale .......................
4
3
3
1
-75.0%
Properties For Sale ..............................
10
18
13
12
20.0%
Days on Market (Pending Sale) .............
45
77
362
166
268.9%
Month’s Supply of Inventory .................
3.3
18
4.3
12
260.0%
Percent Under Contract .......................
40.0%
16.7%
23.1%
8.3%
-79.2%
Average Median Price for Last 12 Months
$996,417
$1,432,000
$1,617,500
$1,267,591
27.2%
*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
$1.275
MAY
$1,710,000
JUN JUL
MEDIAN SALES PRICE
AUG
$932
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.710 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST HOLLYWOOD
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$605,000
$742,000
$805,000
$798,000
31.9%
Average Price per Square Foot ..............
$627
$685
$685
$785
25.2%
Properties Sold ...................................
33
32
17
28
-15.2%
Properties Pending Sale .......................
26
28
19
30
15.4%
Properties For Sale ..............................
116
120
78
99
-14.7%
Days on Market (Pending Sale) .............
24
26
44
22
-8.3%
Month’s Supply of Inventory .................
3.5
3.8
4.6
3.5
0.6%
Percent Under Contract .......................
22.4%
23.3%
24.4%
30.3%
35.2%
Average Median Price for Last 12 Months
$676,667
$726,500
$706,333
$707,704
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
$605
MAY
$798,000
JUN JUL
MEDIAN SALES PRICE
AUG
$785
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$798 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WEST LA
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$817,000
$730,000
$930,000
$928,098
13.6%
Average Price per Square Foot ..............
$558
$557
$624
$660
18.3%
Properties Sold ...................................
5
13
5
10
100.0%
Properties Pending Sale .......................
12
14
7
9
-25.0%
Properties For Sale ..............................
31
32
20
30
-3.2%
Days on Market (Pending Sale) .............
18
19
26
12
-33.3%
Month’s Supply of Inventory .................
6.2
2.5
4
3
-51.6%
Percent Under Contract .......................
38.7%
43.8%
35.0%
30.0%
-22.5%
Average Median Price for Last 12 Months
$772,446
$905,933
$936,699
$836,943
8.3%
*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
$817
MAY
$928,098
JUN JUL
MEDIAN SALES PRICE
AUG
$660
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$928 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
WESTWOOD - CENTURY CITY
DATA*
Apr 2017
6 MONTH
3 MONTH
Apr 2018
% CHANGE
Median Price ......................................
$785,000
$832,500
$1,070,000
$1,004,375
27.9%
Average Price per Square Foot ..............
$655
$664
$774
$752
14.8%
Properties Sold ...................................
35
30
31
46
31.4%
Properties Pending Sale .......................
48
47
41
41
-14.6%
Properties For Sale ..............................
212
209
175
192
-9.4%
Days on Market (Pending Sale) .............
56
45
49
26
-53.6%
Month’s Supply of Inventory .................
6.1
7
5.6
4.2
-31.1%
Percent Under Contract .......................
22.6%
22.5%
23.4%
21.4%
-5.7%
Average Median Price for Last 12 Months
$835,704
$966,896
$970,292
$918,183
9.9%
*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
$785
MAY
$1,004,375
JUN JUL
MEDIAN SALES PRICE
AUG
$752
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.004 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : April 2018
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MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH April 2018 /
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