micro market report luxury real estate market research August 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Alhambra
Laurel Canyon
Westwood - Century City
San Fernando Macro
Altadena
Los Feliz
South Bay Macro
Burbank
Arcadia
Malibu
El Segundo
Encino
Duarte
Malibu Beach
Hermosa Beach
Glendale
Eagle Rock
Marina del Rey
Manhattan Beach
La Crescenta
La Canada Flintridge
Micro Market Report : August 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : August 2015
telesproperties.com
Los Angeles County DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$545,000
$505,267
$538,000
$550,000
0.9%
Average Price per Square Foot ...........................
$421
$398
$426
$415
-1.4%
Properties Sold .......................................................
4111
2786
4472
4526
10.1%
Properties Pending Sale .......................................
4037
4411
5246
5145
27.4%
Properties For Sale ................................................
21,007
16,868
18,370
19,688
-6.3%
Days on Market (Pending Sale) ...........................
58
51
41
43
-25.9%
Month’s Supply of Inventory ................................
5.1
6.1
4.1
4.3
-14.9%
Percent Under Contract ........................................
19.2%
26.2%
28.6%
26.1%
36.0%
Average Median Price for Last 12 Months ........
$614,000
$540,829
$551,992
$528,980
-16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$545
SEP
$550,000
OCT NOV
MEDIAN SALES PRICE
DEC
$415
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,945,500
$1,847,500
$2,360,000
$1,175,000
-39.6%
Average Price per Square Foot ...........................
$872
$795
$852
$716
-17.9%
Properties Sold .......................................................
10
12
13
25
150.0%
Properties Pending Sale .......................................
14
10
16
22
57.1%
Properties For Sale ................................................
121
108
132
65
-46.3%
Days on Market (Pending Sale) ...........................
65
103
47
25
-61.5%
Month’s Supply of Inventory ................................
12.1
9
10.2
2.6
-78.5%
Percent Under Contract ........................................
11.6%
9.3%
12.1%
33.8%
192.5%
Average Median Price for Last 12 Months ........
$1,872,000
$2,116,458
$1,749,583
$2,125,412
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 $1.945
AUG SEP
$1,175,000
OCT NOV
MEDIAN SALES PRICE
DEC
$716
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,275,000
$1,354,500
$1,400,000
$1,600,000
25.5%
Average Price per Square Foot ...........................
$621
$662
$654
$757
21.9%
Properties Sold .......................................................
17
12
17
19
11.8%
Properties Pending Sale .......................................
17
14
19
13
-23.5%
Properties For Sale ................................................
71
62
67
68
-4.2%
Days on Market (Pending Sale) ...........................
38
53
23
33
-13.2%
Month’s Supply of Inventory ................................
4.2
5.2
3.9
3.6
-14.3%
Percent Under Contract ........................................
23.9%
22.6%
28.4%
19.1%
-20.2%
Average Median Price for Last 12 Months ........
$1,218,000
$1,541,333
$1,657,333
$1,446,331
15.8%
*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 AUG
$1.275
SEP
$1,600,000
OCT NOV
MEDIAN SALES PRICE
DEC
$757
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Beverly Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$3,082,500
$3,955,000
$3,435,000
$3,020,000
-2.0%
Average Price per Square Foot ...........................
$1,325
$1,582
$1,365
$1,333
0.6%
Properties Sold .......................................................
14
8
18
11
-21.4%
Properties Pending Sale .......................................
12
12
28
7
-41.7%
Properties For Sale ................................................
97
92
98
89
-8.2%
Days on Market (Pending Sale) ...........................
93
60
55
46
-50.5%
Month’s Supply of Inventory ................................
6.9
11.5
5.4
8.1
16.8%
Percent Under Contract ........................................
12.4%
13.0%
28.6%
7.9%
-36.4%
Average Median Price for Last 12 Months ........
$4,752,000
$4,778,750
$4,795,833
$4,577,115
-3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$3.082
SEP
$3,020,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,333
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.020 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,370,000
$2,000,000
$2,462,500
$2,625,000
10.8%
Average Price per Square Foot ...........................
$747
$635
$851
$858
14.9%
Properties Sold .......................................................
15
9
12
13
-13.3%
Properties Pending Sale .......................................
10
13
13
16
60.0%
Properties For Sale ................................................
131
137
140
159
21.4%
Days on Market (Pending Sale) ...........................
72
94
76
44
-38.9%
Month’s Supply of Inventory ................................
8.7
15.2
11.7
12.2
40.0%
Percent Under Contract ........................................
7.6%
9.5%
9.3%
10.1%
31.8%
Average Median Price for Last 12 Months ........
$2,175,000
$2,541,333
$3,028,500
$2,674,962
18.7%
*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 AUG
$2.370
SEP
$2,625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$858
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
12.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Beverlywood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,150,000
$748,000
$959,000
$1,175,000
2.2%
Average Price per Square Foot ...........................
$622
$570
$616
$716
15.1%
Properties Sold .......................................................
17
10
23
25
47.1%
Properties Pending Sale .......................................
18
15
31
22
22.2%
Properties For Sale ................................................
65
40
62
65
0.0%
Days on Market (Pending Sale) ...........................
43
42
24
25
-41.9%
Month’s Supply of Inventory ................................
3.8
4
2.7
2.6
-32.0%
Percent Under Contract ........................................
27.7%
37.5%
50.0%
33.8%
22.2%
Average Median Price for Last 12 Months ........
$875,000
$1,096,750
$1,250,500
$1,003,048
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.150
SEP
$1,175,000
OCT NOV
MEDIAN SALES PRICE
DEC
$716
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Brentwood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,400,000
$2,937,500
$2,600,000
$2,737,500
14.1%
Average Price per Square Foot ...........................
$1,053
$922
$880
$856
-18.7%
Properties Sold .......................................................
20
12
29
20
0.0%
Properties Pending Sale .......................................
20
18
22
10
-50.0%
Properties For Sale ................................................
103
104
134
131
27.2%
Days on Market (Pending Sale) ...........................
59
57
47
33
-44.1%
Month’s Supply of Inventory ................................
5.2
8.7
4.6
6.6
27.2%
Percent Under Contract ........................................
19.4%
17.3%
16.4%
7.6%
-60.7%
Average Median Price for Last 12 Months ........
$2,437,000
$2,871,940
$2,636,917
$2,741,192
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 AUG
$2.400
SEP
$2,737,500
OCT NOV
MEDIAN SALES PRICE
DEC
$856
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,348,000
$1,833,000
$2,092,500
$1,850,000
37.2%
Average Price per Square Foot ...........................
$700
$702
$765
$781
11.6%
Properties Sold .......................................................
10
7
8
9
-10.0%
Properties Pending Sale .......................................
5
5
9
8
60.0%
Properties For Sale ................................................
26
19
26
20
-23.1%
Days on Market (Pending Sale) ...........................
17
52
31
32
88.2%
Month’s Supply of Inventory ................................
2.6
2.7
3.2
2.2
-14.5%
Percent Under Contract ........................................
19.2%
26.3%
34.6%
40.0%
108.0%
Average Median Price for Last 12 Months ........
$1,510,000
$1,688,167
$1,794,667
$1,661,731
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 AUG
$1.348
SEP
$1,850,000
OCT NOV
MEDIAN SALES PRICE
DEC
$781
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Culver City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$827,550
$779,000
$1,010,000
$1,075,000
29.9%
Average Price per Square Foot ...........................
$582
$611
$612
$659
13.2%
Properties Sold .......................................................
12
14
15
25
108.3%
Properties Pending Sale .......................................
21
16
18
28
33.3%
Properties For Sale ................................................
57
47
61
85
49.1%
Days on Market (Pending Sale) ...........................
45
40
20
37
-17.8%
Month’s Supply of Inventory ................................
4.8
3.4
4.1
3.4
-28.4%
Percent Under Contract ........................................
36.8%
34.0%
29.5%
32.9%
-10.6%
Average Median Price for Last 12 Months ........
$787,000
$1,015,833
$1,039,333
$930,735
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 AUG
$827
SEP
$1,075,000
OCT NOV
MEDIAN SALES PRICE
DEC
$659
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,294,000
$1,260,000
$1,403,000
$1,575,000
21.7%
Average Price per Square Foot ...........................
$644
$628
$622
$642
-0.3%
Properties Sold .......................................................
27
23
30
19
-29.6%
Properties Pending Sale .......................................
23
21
33
22
-4.3%
Properties For Sale ................................................
108
104
129
129
19.4%
Days on Market (Pending Sale) ...........................
52
35
38
37
-28.8%
Month’s Supply of Inventory ................................
4
4.5
4.3
6.8
69.7%
Percent Under Contract ........................................
21.3%
20.2%
25.6%
17.1%
-19.9%
Average Median Price for Last 12 Months ........
$1,210,000
$1,341,750
$1,408,333
$1,331,885
9.2%
*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 AUG
$1.294
SEP
$1,575,000
OCT NOV
MEDIAN SALES PRICE
DEC
$642
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Hollywood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$681,500
$642,500
$995,000
$1,100,000
61.4%
Average Price per Square Foot ...........................
$532
$533
$601
$555
4.3%
Properties Sold .......................................................
4
4
6
11
175.0%
Properties Pending Sale .......................................
8
9
12
8
0.0%
Properties For Sale ................................................
26
42
39
43
65.4%
Days on Market (Pending Sale) ...........................
63
51
33
57
-9.5%
Month’s Supply of Inventory ................................
6.5
10.5
6.5
3.9
-39.9%
Percent Under Contract ........................................
30.8%
21.4%
30.8%
18.6%
-39.5%
Average Median Price for Last 12 Months ........
$655,000
$850,810
$841,621
$822,566
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$681
SEP
$1,100,000
OCT NOV
MEDIAN SALES PRICE
DEC
$555
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Hollywood Hills East DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,199,950
$975,000
$1,368,000
$1,280,000
6.7%
Average Price per Square Foot ...........................
$583
$572
$578
$600
2.9%
Properties Sold .......................................................
6
7
11
18
200.0%
Properties Pending Sale .......................................
13
14
18
20
53.8%
Properties For Sale ................................................
65
52
79
82
26.2%
Days on Market (Pending Sale) ...........................
35
50
47
33
-5.7%
Month’s Supply of Inventory ................................
5
3.7
4.4
4.6
-8.9%
Percent Under Contract ........................................
20.0%
26.9%
22.8%
24.4%
22.0%
Average Median Price for Last 12 Months ........
$1,122,000
$1,277,777
$1,292,833
$1,212,147
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 AUG
$1.199
SEP
$1,280,000
OCT NOV
MEDIAN SALES PRICE
DEC
$600
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Laurel Canyon DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,450,000
$1,645,000
$1,484,678
$1,345,000
-7.2%
Average Price per Square Foot ...........................
$722
$681
$746
$756
4.7%
Properties Sold .......................................................
23
20
18
33
43.5%
Properties Pending Sale .......................................
28
28
18
28
0.0%
Properties For Sale ................................................
141
135
51
148
5.0%
Days on Market (Pending Sale) ...........................
54
53
43
40
-25.9%
Month’s Supply of Inventory ................................
5
4.8
2.8
4.5
-10.9%
Percent Under Contract ........................................
19.9%
20.7%
35.3%
18.9%
-4.7%
Average Median Price for Last 12 Months ........
$1,263,000
$1,548,363
$1,532,833
$1,485,398
15.0%
*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 AUG
$1.450
SEP
$1,345,000
OCT NOV
MEDIAN SALES PRICE
DEC
$756
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.345 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Los Feliz DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,441,000
$1,250,000
$1,650,000
$1,542,500
7.0%
Average Price per Square Foot ...........................
$615
$631
$636
$652
6.0%
Properties Sold .......................................................
16
15
17
28
75.0%
Properties Pending Sale .......................................
17
22
21
18
5.9%
Properties For Sale ................................................
79
63
92
92
16.5%
Days on Market (Pending Sale) ...........................
32
78
35
50
56.2%
Month’s Supply of Inventory ................................
4.6
2.9
4.4
3.3
-29.3%
Percent Under Contract ........................................
21.5%
34.9%
22.8%
19.6%
-9.1%
Average Median Price for Last 12 Months ........
$1,158,000
$1,345,625
$1,432,917
$1,359,842
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 AUG
$1.441
SEP
$1,542,500
OCT NOV
MEDIAN SALES PRICE
DEC
$652
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.542 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Malibu DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,875,000
$1,755,312
$1,875,000
$2,150,000
14.7%
Average Price per Square Foot ...........................
$608
$551
$804
$897
47.5%
Properties Sold .......................................................
9
12
14
9
0.0%
Properties Pending Sale .......................................
25
15
14
23
-8.0%
Properties For Sale ................................................
217
172
192
238
9.7%
Days on Market (Pending Sale) ...........................
98
129
104
70
-28.6%
Month’s Supply of Inventory ................................
24.1
14.3
13.7
26.4
9.7%
Percent Under Contract ........................................
11.5%
8.7%
7.3%
9.7%
-16.1%
Average Median Price for Last 12 Months ........
$1,989,000
$2,345,197
$2,608,333
$2,335,307
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 AUG
$1.875
SEP
$2,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$897
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
26.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Malibu Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$5,912,500
$4,877,500
$5,000,000
$4,750,000
-19.7%
Average Price per Square Foot ...........................
$2,731
$2,566
$2,386
$1,952
-28.5%
Properties Sold .......................................................
8
2
3
5
-37.5%
Properties Pending Sale .......................................
5
1
5
5
0.0%
Properties For Sale ................................................
77
63
85
83
7.8%
Days on Market (Pending Sale) ...........................
103
384
97
107
3.9%
Month’s Supply of Inventory ................................
9.6
31.5
28.3
16.6
72.5%
Percent Under Contract ........................................
6.5%
1.6%
5.9%
6.0%
-7.2%
Average Median Price for Last 12 Months ........
$6,151,000
$5,022,917
$5,345,833
$6,140,577
-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 AUG
$5.912
SEP
$4,750,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,952
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
16.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$4.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Marina Del Rey DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,590,000
$2,768,578
$1,062,500
$2,133,000
34.2%
Average Price per Square Foot ...........................
$655
$669
$830
$760
16.0%
Properties Sold .......................................................
2
4
2
4
100.0%
Properties Pending Sale .......................................
4
8
5
5
25.0%
Properties For Sale ................................................
25
17
23
29
16.0%
Days on Market (Pending Sale) ...........................
73
80
23
24
-67.1%
Month’s Supply of Inventory ................................
12.5
4.2
11.5
7.2
-42.0%
Percent Under Contract ........................................
16.0%
47.1%
21.7%
17.2%
7.8%
Average Median Price for Last 12 Months ........
$1,594,000
$1,508,417
$1,602,667
$1,572,987
-1.3%
*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 AUG
$1.590
SEP
$2,133,000
OCT NOV
MEDIAN SALES PRICE
DEC
$760
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.133 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Mid Los Angeles DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$594,000
$423,000
$475,000
$545,000
-8.2%
Average Price per Square Foot ...........................
$347
$308
$355
$339
-2.3%
Properties Sold .......................................................
11
25
33
33
200.0%
Properties Pending Sale .......................................
17
36
35
32
88.2%
Properties For Sale ................................................
74
137
147
124
67.6%
Days on Market (Pending Sale) ...........................
36
63
35
20
-44.4%
Month’s Supply of Inventory ................................
6.7
5.5
4.5
3.8
-44.1%
Percent Under Contract ........................................
23.0%
26.3%
23.8%
25.8%
12.3%
Average Median Price for Last 12 Months ........
$458,000
$521,667
$561,667
$510,238
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 AUG
$594
SEP
$545,000
OCT NOV
MEDIAN SALES PRICE
DEC
$339
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$545 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Mid Wilshire DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$662,000
$443,000
$793,000
$885,000
33.7%
Average Price per Square Foot ...........................
$310
$313
$464
$396
27.7%
Properties Sold .......................................................
6
3
2
7
16.7%
Properties Pending Sale .......................................
5
4
5
6
20.0%
Properties For Sale ................................................
16
27
25
28
75.0%
Days on Market (Pending Sale) ...........................
57
23
58
41
-28.1%
Month’s Supply of Inventory ................................
2.7
9
12.5
4
50.0%
Percent Under Contract ........................................
31.2%
14.8%
20.0%
21.4%
-31.4%
Average Median Price for Last 12 Months ........
$540,000
$751,333
$795,833
$655,962
17.7%
*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 AUG
$662
SEP
$885,000
OCT NOV
MEDIAN SALES PRICE
DEC
$396
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Pacific Palisades DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,225,000
$2,912,000
$3,250,000
$2,925,000
31.5%
Average Price per Square Foot ...........................
$957
$879
$1,096
$997
4.2%
Properties Sold .......................................................
23
18
33
23
0.0%
Properties Pending Sale .......................................
20
28
28
26
30.0%
Properties For Sale ................................................
113
126
125
128
13.3%
Days on Market (Pending Sale) ...........................
42
48
41
37
-11.9%
Month’s Supply of Inventory ................................
4.9
7
3.8
5.6
13.3%
Percent Under Contract ........................................
17.7%
22.2%
22.4%
20.3%
14.8%
Average Median Price for Last 12 Months ........
$2,392,000
$2,924,583
$2,799,167
$2,612,223
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 AUG
$2.225
SEP
$2,925,000
OCT NOV
MEDIAN SALES PRICE
DEC
$997
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Palms - Mar Vista DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$987,000
$1,062,000
$1,175,000
$1,205,000
22.1%
Average Price per Square Foot ...........................
$673
$643
$702
$700
4.0%
Properties Sold .......................................................
22
18
34
34
54.5%
Properties Pending Sale .......................................
24
25
41
30
25.0%
Properties For Sale ................................................
84
78
94
70
-16.7%
Days on Market (Pending Sale) ...........................
31
30
28
34
9.7%
Month’s Supply of Inventory ................................
3.8
4.3
2.8
2.1
-46.1%
Percent Under Contract ........................................
28.6%
32.1%
43.6%
42.9%
50.0%
Average Median Price for Last 12 Months ........
$961,000
$1,196,979
$1,192,500
$1,124,771
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 AUG
$987
SEP
$1,205,000
OCT NOV
MEDIAN SALES PRICE
DEC
$700
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Playa Del Rey DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,287,000
$1,560,000
$1,850,000
$1,675,000
30.1%
Average Price per Square Foot ...........................
$681
$536
$442
$600
-11.9%
Properties Sold .......................................................
2
7
3
3
50.0%
Properties Pending Sale .......................................
4
2
3
4
0.0%
Properties For Sale ................................................
17
15
9
13
-23.5%
Days on Market (Pending Sale) ...........................
30
38
126
30
0.0%
Month’s Supply of Inventory ................................
8.5
2.1
3
4.3
-49.0%
Percent Under Contract ........................................
23.5%
13.3%
33.3%
30.8%
30.8%
Average Median Price for Last 12 Months ........
$1,157,000
$2,089,167
$1,580,000
$1,672,769
30.8%
*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 AUG
$1.287
SEP
$1,675,000
OCT NOV
MEDIAN SALES PRICE
DEC
$600
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Playa Vista DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,187,500
$1,682,450
$1,630,750
$1,357,500
14.3%
Average Price per Square Foot ...........................
$492
$590
$513
$523
6.3%
Properties Sold .......................................................
2
2
2
2
0.0%
Properties Pending Sale .......................................
0
0
1
1
0%
Properties For Sale ................................................
6
6
6
4
-33.3%
Days on Market (Pending Sale) ...........................
0
0
28
106
0%
Month’s Supply of Inventory ................................
3
3
3
2
-33.3%
Percent Under Contract ........................................
0.0%
0.0%
16.7%
25.0%
0%
Average Median Price for Last 12 Months ........
$1,318,000
$1,738,875
$1,630,833
$1,629,577
19.1%
*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 AUG
$1.187
SEP
$1,357,500
OCT NOV
MEDIAN SALES PRICE
DEC
$523
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.357 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Monica DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,043,250
$3,149,398
$2,675,000
$1,762,380
-13.7%
Average Price per Square Foot ...........................
$898
$1,029
$1,166
$1,107
23.3%
Properties Sold .......................................................
18
10
27
18
0.0%
Properties Pending Sale .......................................
19
15
23
11
-42.1%
Properties For Sale ................................................
77
76
94
85
10.4%
Days on Market (Pending Sale) ...........................
52
32
28
34
-34.6%
Month’s Supply of Inventory ................................
4.3
7.6
3.5
4.7
10.4%
Percent Under Contract ........................................
24.7%
19.7%
24.5%
12.9%
-47.6%
Average Median Price for Last 12 Months ........
$1,981,000
$2,313,730
$2,210,793
$2,303,260
14.0%
*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 AUG
$2.043
SEP
$1,762,380
OCT NOV
MEDIAN SALES PRICE
DEC
$1,107
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.762 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,850,000
$1,660,000
$1,765,000
$1,525,500
-17.5%
Average Price per Square Foot ...........................
$822
$719
$830
$824
0.2%
Properties Sold .......................................................
31
31
41
50
61.3%
Properties Pending Sale .......................................
40
37
58
40
0.0%
Properties For Sale ................................................
259
276
333
300
15.8%
Days on Market (Pending Sale) ...........................
81
50
51
51
-37.0%
Month’s Supply of Inventory ................................
8.4
8.9
8.1
6
-28.2%
Percent Under Contract ........................................
15.4%
13.4%
17.4%
13.3%
-13.7%
Average Median Price for Last 12 Months ........
$1,462,000
$1,727,575
$1,712,667
$1,748,613
16.4%
*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 AUG
$1.850
SEP
$1,525,500
OCT NOV
MEDIAN SALES PRICE
DEC
$824
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Venice DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,800,000
$1,750,000
$2,120,000
$1,654,125
-8.1%
Average Price per Square Foot ...........................
$1,186
$957
$962
$930
-21.6%
Properties Sold .......................................................
15
8
16
9
-40.0%
Properties Pending Sale .......................................
14
19
13
16
14.3%
Properties For Sale ................................................
56
69
77
77
37.5%
Days on Market (Pending Sale) ...........................
67
59
31
40
-40.3%
Month’s Supply of Inventory ................................
3.7
8.6
4.8
8.6
129.2%
Percent Under Contract ........................................
25.0%
27.5%
16.9%
20.8%
-16.9%
Average Median Price for Last 12 Months ........
$1,409,000
$1,886,516
$1,784,698
$1,721,844
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.800
SEP
$1,654,125
OCT NOV
MEDIAN SALES PRICE
DEC
$930
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.654 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West Hollywood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,543,125
$1,475,000
$1,500,500
$1,371,000
-11.2%
Average Price per Square Foot ...........................
$745
$779
$940
$921
23.6%
Properties Sold .......................................................
10
12
12
9
-10.0%
Properties Pending Sale .......................................
12
18
9
15
25.0%
Properties For Sale ................................................
50
54
50
60
20.0%
Days on Market (Pending Sale) ...........................
52
38
21
40
-23.1%
Month’s Supply of Inventory ................................
5
4.5
4.2
6.7
33.3%
Percent Under Contract ........................................
24.0%
33.3%
18.0%
25.0%
4.2%
Average Median Price for Last 12 Months ........
$1,106,000
$1,496,750
$1,312,500
$1,438,663
23.1%
*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 AUG
$1.543
SEP
$1,371,000
OCT NOV
MEDIAN SALES PRICE
DEC
$921
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.371 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West Los Angeles DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$882,500
$0
$913,000
$1,200,000
36.0%
Average Price per Square Foot ...........................
$557
$0
$693
$695
24.8%
Properties Sold .......................................................
7
0
8
11
57.1%
Properties Pending Sale .......................................
14
7
8
8
-42.9%
Properties For Sale ................................................
36
36
33
31
-13.9%
Days on Market (Pending Sale) ...........................
39
33
56
47
20.5%
Month’s Supply of Inventory ................................
5.1
0
4.1
2.8
-45.2%
Percent Under Contract ........................................
38.9%
19.4%
24.2%
25.8%
-33.6%
Average Median Price for Last 12 Months ........
$807,000
$980,296
$1,010,258
$938,190
16.3%
*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 AUG
$882
SEP
$1,200,000
OCT NOV
MEDIAN SALES PRICE
DEC
$695
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Westchester DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$810,000
$842,900
$865,500
$930,000
14.8%
Average Price per Square Foot ...........................
$517
$502
$572
$604
16.8%
Properties Sold .......................................................
33
14
22
25
-24.2%
Properties Pending Sale .......................................
29
14
30
25
-13.8%
Properties For Sale ................................................
69
43
67
74
7.2%
Days on Market (Pending Sale) ...........................
32
43
27
31
-3.1%
Month’s Supply of Inventory ................................
2.1
3.1
3
3
41.6%
Percent Under Contract ........................................
42.0%
32.6%
44.8%
33.8%
-19.6%
Average Median Price for Last 12 Months ........
$781,000
$920,000
$949,000
$890,528
14.0%
*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 AUG
$810
SEP
$930,000
OCT NOV
MEDIAN SALES PRICE
DEC
$604
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Westwood - Century City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,867,500
$1,627,500
$1,650,000
$1,617,500
-13.4%
Average Price per Square Foot ...........................
$771
$782
$790
$824
6.9%
Properties Sold .......................................................
18
14
15
21
16.7%
Properties Pending Sale .......................................
15
13
15
20
33.3%
Properties For Sale ................................................
59
44
55
74
25.4%
Days on Market (Pending Sale) ...........................
27
58
22
36
33.3%
Month’s Supply of Inventory ................................
3.3
3.1
3.7
3.5
7.5%
Percent Under Contract ........................................
25.4%
29.5%
27.3%
27.0%
6.3%
Average Median Price for Last 12 Months ........
$1,547,000
$1,690,813
$1,609,500
$1,703,471
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 AUG
$1.867
SEP
$1,617,500
OCT NOV
MEDIAN SALES PRICE
DEC
$824
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
South Bay Macro Market DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,181,490
$1,214,447
$1,272,650
$1,364,767
15.5%
Average Price per Square Foot ...........................
$576
$583
$584
$622
8.1%
Properties Sold .......................................................
235
141
272
244
3.8%
Properties Pending Sale .......................................
243
218
303
271
11.5%
Properties For Sale ................................................
934
714
868
991
6.1%
Days on Market (Pending Sale) ...........................
70
47
39
39
-44.3%
Month’s Supply of Inventory ................................
4
5.1
3.2
4.1
2.2%
Percent Under Contract ........................................
26.0%
30.5%
34.9%
27.3%
5.1%
Average Median Price for Last 12 Months ........
$1,062,733
$1,264,210
$1,298,327
$1,216,229
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 AUG
$1.181
SEP
$1,364,767
OCT NOV
MEDIAN SALES PRICE
DEC
$622
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.364 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
El Segundo DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$960,000
$835,000
$919,000
$1,020,000
6.2%
Average Price per Square Foot ...........................
$487
$592
$628
$495
1.6%
Properties Sold .......................................................
7
5
7
5
-28.6%
Properties Pending Sale .......................................
7
8
10
8
14.3%
Properties For Sale ................................................
13
17
22
26
100.0%
Days on Market (Pending Sale) ...........................
60
25
21
21
-65.0%
Month’s Supply of Inventory ................................
1.9
3.4
3.1
5.2
180.0%
Percent Under Contract ........................................
53.8%
47.1%
45.5%
30.8%
-42.9%
Average Median Price for Last 12 Months ........
$849,000
$989,333
$1,049,167
$1,001,538
18.0%
*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 AUG
$960
SEP
$1,020,000
OCT NOV
MEDIAN SALES PRICE
DEC
$495
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.020 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Hermosa Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,532,500
$1,450,000
$2,125,000
$1,637,000
-35.4%
Average Price per Square Foot ...........................
$1,122
$813
$940
$935
-16.7%
Properties Sold .......................................................
8
5
9
10
25.0%
Properties Pending Sale .......................................
8
8
16
11
37.5%
Properties For Sale ................................................
33
21
38
42
27.3%
Days on Market (Pending Sale) ...........................
47
27
28
43
-8.5%
Month’s Supply of Inventory ................................
4.1
4.2
4.2
4.2
1.8%
Percent Under Contract ........................................
24.2%
38.1%
42.1%
26.2%
8.0%
Average Median Price for Last 12 Months ........
$1,203,000
$1,822,833
$1,587,333
$1,683,342
39.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.532
AUG SEP
$1,637,000
OCT NOV
MEDIAN SALES PRICE
DEC
$935
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.637 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Manhattan Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,995,000
$2,147,500
$2,300,000
$2,260,000
13.3%
Average Price per Square Foot ...........................
$949
$1,024
$946
$1,452
53.0%
Properties Sold .......................................................
27
14
31
25
-7.4%
Properties Pending Sale .......................................
28
18
31
25
-10.7%
Properties For Sale ................................................
89
58
94
106
19.1%
Days on Market (Pending Sale) ...........................
60
32
35
33
-45.0%
Month’s Supply of Inventory ................................
3.3
4.1
3
4.2
28.6%
Percent Under Contract ........................................
31.5%
31.0%
33.0%
23.6%
-25.0%
Average Median Price for Last 12 Months ........
$1,823,000
$2,227,083
$2,300,833
$2,075,000
13.8%
*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 AUG
$1.995
SEP
$2,260,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,452
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.260 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Palos Verdes Estates DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,725,000
$1,772,500
$1,572,500
$2,101,000
21.8%
Average Price per Square Foot ...........................
$725
$696
$680
$753
3.9%
Properties Sold .......................................................
22
12
18
12
-45.5%
Properties Pending Sale .......................................
10
16
19
26
160.0%
Properties For Sale ................................................
77
56
74
82
6.5%
Days on Market (Pending Sale) ...........................
80
78
45
62
-22.5%
Month’s Supply of Inventory ................................
3.5
4.7
4.1
6.8
95.2%
Percent Under Contract ........................................
13.0%
28.6%
25.7%
31.7%
144.1%
Average Median Price for Last 12 Months ........
$1,619,000
$1,893,500
$2,040,333
$1,823,760
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 AUG
$1.725
SEP
$2,101,000
OCT NOV
MEDIAN SALES PRICE
DEC
$753
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.101 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Rancho Palos Verdes DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,117,500
$1,150,000
$1,170,000
$1,240,000
11.0%
Average Price per Square Foot ...........................
$527
$522
$536
$512
-2.8%
Properties Sold .......................................................
34
20
34
29
-14.7%
Properties Pending Sale .......................................
40
34
53
39
-2.5%
Properties For Sale ................................................
177
123
159
181
2.3%
Days on Market (Pending Sale) ...........................
43
50
66
61
41.9%
Month’s Supply of Inventory ................................
5.2
6.2
4.7
6.2
19.9%
Percent Under Contract ........................................
22.6%
27.6%
33.3%
21.5%
-4.7%
Average Median Price for Last 12 Months ........
$1,137,000
$1,175,417
$1,218,333
$1,167,000
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 AUG
$1.117
SEP
$1,240,000
OCT NOV
MEDIAN SALES PRICE
DEC
$512
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.240 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Redondo Beach- North DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$856,000
$870,000
$875,000
$847,000
-1.1%
Average Price per Square Foot ...........................
$504
$512
$541
$579
14.9%
Properties Sold .......................................................
9
8
17
18
100.0%
Properties Pending Sale .......................................
19
13
23
19
0.0%
Properties For Sale ................................................
45
30
54
49
8.9%
Days on Market (Pending Sale) ...........................
46
36
31
43
-6.5%
Month’s Supply of Inventory ................................
5
3.8
3.2
2.7
-45.6%
Percent Under Contract ........................................
42.2%
43.3%
42.6%
38.8%
-8.2%
Average Median Price for Last 12 Months ........
$734,000
$885,346
$885,692
$853,698
16.3%
*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 AUG
$856
SEP
$847,000
OCT NOV
MEDIAN SALES PRICE
DEC
$579
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$847 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Redondo Beach- South DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,059,000
$1,212,000
$1,204,000
$1,170,000
10.5%
Average Price per Square Foot ...........................
$588
$618
$653
$816
38.8%
Properties Sold .......................................................
19
9
22
14
-26.3%
Properties Pending Sale .......................................
17
14
15
17
0.0%
Properties For Sale ................................................
64
41
41
58
-9.4%
Days on Market (Pending Sale) ...........................
49
51
39
35
-28.6%
Month’s Supply of Inventory ................................
3.4
4.6
1.9
4.1
23.0%
Percent Under Contract ........................................
26.6%
34.1%
36.6%
29.3%
10.3%
Average Median Price for Last 12 Months ........
$962,000
$1,181,333
$1,228,000
$1,155,192
20.1%
*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 AUG
$1.059
SEP
$1,170,000
OCT NOV
MEDIAN SALES PRICE
DEC
$816
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Rolling Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,680,900
$3,658,000
$3,465,000
$4,530,000
69.0%
Average Price per Square Foot ...........................
$809
$901
$770
$924
14.2%
Properties Sold .......................................................
2
3
3
3
50.0%
Properties Pending Sale .......................................
1
2
2
4
300.0%
Properties For Sale ................................................
20
21
19
30
50.0%
Days on Market (Pending Sale) ...........................
326
93
66
40
-87.7%
Month’s Supply of Inventory ................................
10
7
6.3
10
0.0%
Percent Under Contract ........................................
5.0%
9.5%
10.5%
13.3%
166.7%
Average Median Price for Last 12 Months ........
$2,908,000
$3,497,500
$3,840,000
$3,310,706
13.8%
*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 AUG
$2.680
SEP
$4,530,000
OCT NOV
MEDIAN SALES PRICE
DEC
$924
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$4.530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Rolling Hills Estates DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,060,000
$1,475,000
$1,721,250
$1,777,250
67.7%
Average Price per Square Foot ...........................
$528
$558
$610
$563
6.6%
Properties Sold .......................................................
7
4
6
12
71.4%
Properties Pending Sale .......................................
12
4
6
8
-33.3%
Properties For Sale ................................................
37
14
29
31
-16.2%
Days on Market (Pending Sale) ...........................
55
106
21
47
-14.5%
Month’s Supply of Inventory ................................
5.3
3.5
4.8
2.6
-51.1%
Percent Under Contract ........................................
32.4%
28.6%
20.7%
25.8%
-20.4%
Average Median Price for Last 12 Months ........
$1,296,000
$1,445,167
$1,416,583
$1,419,195
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 AUG
$1.060
SEP
$1,777,250
OCT NOV
MEDIAN SALES PRICE
DEC
$563
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Pedro DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$649,000
$480,500
$577,000
$547,000
-15.7%
Average Price per Square Foot ...........................
$361
$369
$384
$377
4.4%
Properties Sold .......................................................
21
23
38
38
81.0%
Properties Pending Sale .......................................
30
38
44
34
13.3%
Properties For Sale ................................................
125
141
139
143
14.4%
Days on Market (Pending Sale) ...........................
54
56
65
42
-22.2%
Month’s Supply of Inventory ................................
6
6.1
3.7
3.8
-36.8%
Percent Under Contract ........................................
24.0%
27.0%
31.7%
23.8%
-0.9%
Average Median Price for Last 12 Months ........
$496,000
$542,917
$535,667
$541,981
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 $649
AUG SEP
$547,000
OCT NOV
MEDIAN SALES PRICE
DEC
$377
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$547 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Torrance- County Strip DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$415,000
$445,000
$470,000
$516,000
24.3%
Average Price per Square Foot ...........................
$357
$273
$286
$275
-23.0%
Properties Sold .......................................................
5
4
7
6
20.0%
Properties Pending Sale .......................................
6
2
11
7
16.7%
Properties For Sale ................................................
30
20
26
22
-26.7%
Days on Market (Pending Sale) ...........................
40
34
24
16
-60.0%
Month’s Supply of Inventory ................................
6
5
3.7
3.7
-38.9%
Percent Under Contract ........................................
20.0%
10.0%
42.3%
31.8%
59.1%
Average Median Price for Last 12 Months ........
$396,000
$473,167
$476,167
$445,904
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 AUG
$415
SEP
$516,000
OCT NOV
MEDIAN SALES PRICE
DEC
$275
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$516 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Torrance- North DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$562,450
$573,950
$575,000
$620,000
10.2%
Average Price per Square Foot ...........................
$393
$432
$424
$387
-1.5%
Properties Sold .......................................................
18
10
21
16
-11.1%
Properties Pending Sale .......................................
13
16
23
22
69.2%
Properties For Sale ................................................
44
36
50
60
36.4%
Days on Market (Pending Sale) ...........................
56
22
16
27
-51.8%
Month’s Supply of Inventory ................................
2.4
3.6
2.4
3.8
53.4%
Percent Under Contract ........................................
29.5%
44.4%
46.0%
36.7%
24.1%
Average Median Price for Last 12 Months ........
$521,000
$599,167
$610,000
$583,492
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$562
SEP
$620,000
OCT NOV
MEDIAN SALES PRICE
DEC
$387
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Torrance- South DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$755,000
$812,750
$795,000
$875,000
15.9%
Average Price per Square Foot ...........................
$457
$523
$491
$437
-4.4%
Properties Sold .......................................................
27
8
22
17
-37.0%
Properties Pending Sale .......................................
22
12
22
19
-13.6%
Properties For Sale ................................................
66
41
54
72
9.1%
Days on Market (Pending Sale) ...........................
50
27
31
46
-8.0%
Month’s Supply of Inventory ................................
2.4
5.1
2.5
4.2
73.3%
Percent Under Contract ........................................
33.3%
29.3%
40.7%
26.4%
-20.8%
Average Median Price for Last 12 Months ........
$764,000
$850,273
$893,417
$822,164
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$755
SEP
$875,000
OCT NOV
MEDIAN SALES PRICE
DEC
$437
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Torrance- Southeast DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$635,000
$620,000
$576,000
$563,750
-11.2%
Average Price per Square Foot ...........................
$402
$398
$374
$351
-12.7%
Properties Sold .......................................................
15
8
16
22
46.7%
Properties Pending Sale .......................................
16
16
16
20
25.0%
Properties For Sale ................................................
72
59
43
52
-27.8%
Days on Market (Pending Sale) ...........................
44
34
71
39
-11.4%
Month’s Supply of Inventory ................................
4.8
7.4
2.7
2.4
-50.8%
Percent Under Contract ........................................
22.2%
27.1%
37.2%
38.5%
73.1%
Average Median Price for Last 12 Months ........
$528,000
$596,875
$605,917
$597,621
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 AUG
$635
SEP
$563,750
OCT NOV
MEDIAN SALES PRICE
DEC
$351
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$563 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Torrance- West DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$720,000
$714,500
$745,000
$767,500
6.6%
Average Price per Square Foot ...........................
$424
$509
$494
$472
11.3%
Properties Sold .......................................................
14
8
21
17
21.4%
Properties Pending Sale .......................................
14
17
12
12
-14.3%
Properties For Sale ................................................
42
36
26
37
-11.9%
Days on Market (Pending Sale) ...........................
41
31
24
30
-26.8%
Month’s Supply of Inventory ................................
3
4.5
1.2
2.2
-27.5%
Percent Under Contract ........................................
33.3%
47.2%
46.2%
32.4%
-2.7%
Average Median Price for Last 12 Months ........
$705,000
$783,233
$787,467
$762,838
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 AUG
$720
SEP
$767,500
OCT NOV
MEDIAN SALES PRICE
DEC
$472
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$767 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$771,786
$762,143
$797,286
$868,571
12.5%
Average Price per Square Foot ...........................
$391
$390
$423
$434
11.2%
Properties Sold .......................................................
450
305
465
529
17.6%
Properties Pending Sale .......................................
504
498
534
563
11.7%
Properties For Sale ................................................
1,203
878
1,045
1,186
-1.4%
Days on Market (Pending Sale) ...........................
63
71
54
55
-12.9%
Month’s Supply of Inventory ................................
2.7
2.9
2.2
2.2
-16.1%
Percent Under Contract ........................................
41.9%
56.7%
51.1%
47.5%
13.3%
Average Median Price for Last 12 Months ........
$703,857
$822,274
$844,929
$788,694
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 AUG
$771
SEP
$868,571
OCT NOV
MEDIAN SALES PRICE
DEC
$434
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$868 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Burbank DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$630,000
$657,000
$684,000
$705,000
11.9%
Average Price per Square Foot ...........................
$454
$406
$448
$452
-0.4%
Properties Sold .......................................................
56
30
60
55
-1.8%
Properties Pending Sale .......................................
48
57
61
59
22.9%
Properties For Sale ................................................
88
71
90
102
15.9%
Days on Market (Pending Sale) ...........................
46
65
49
50
8.7%
Month’s Supply of Inventory ................................
1.6
2.4
1.5
1.9
18.0%
Percent Under Contract ........................................
54.5%
80.3%
67.8%
57.8%
6.0%
Average Median Price for Last 12 Months ........
$609,769
$682,833
$687,667
$665,231
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 AUG
$630
SEP
$705,000
OCT NOV
MEDIAN SALES PRICE
DEC
$452
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Encino DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,113,000
$1,000,000
$1,188,000
$1,229,000
10.4%
Average Price per Square Foot ...........................
$473
$415
$471
$521
10.1%
Properties Sold .......................................................
34
23
46
49
44.1%
Properties Pending Sale .......................................
33
39
48
49
48.5%
Properties For Sale ................................................
123
117
133
136
10.6%
Days on Market (Pending Sale) ...........................
67
77
65
49
-26.9%
Month’s Supply of Inventory ................................
3.6
5.1
2.9
2.8
-23.3%
Percent Under Contract ........................................
26.8%
33.3%
36.1%
36.0%
34.3%
Average Median Price for Last 12 Months ........
$955,769
$1,193,292
$1,257,000
$1,124,673
17.7%
*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 AUG
$1.113
SEP
$1,229,000
OCT NOV
MEDIAN SALES PRICE
DEC
$521
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.229 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Glendale DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$725,000
$745,000
$783,000
$768,000
5.9%
Average Price per Square Foot ...........................
$406
$393
$438
$426
4.9%
Properties Sold .......................................................
64
45
56
80
25.0%
Properties Pending Sale .......................................
61
58
63
60
-1.6%
Properties For Sale ................................................
121
101
113
129
6.6%
Days on Market (Pending Sale) ...........................
46
57
45
43
-6.5%
Month’s Supply of Inventory ................................
1.9
2.2
2
1.6
-14.7%
Percent Under Contract ........................................
50.4%
57.4%
55.8%
46.5%
-7.7%
Average Median Price for Last 12 Months ........
$685,846
$805,833
$820,333
$764,462
11.5%
*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 AUG
$725
SEP
$768,000
OCT NOV
MEDIAN SALES PRICE
DEC
$426
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$768 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
La Crescenta DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$708,000
$736,000
$761,000
$788,000
11.3%
Average Price per Square Foot ...........................
$428
$382
$416
$425
-0.7%
Properties Sold .......................................................
36
14
22
21
-41.7%
Properties Pending Sale .......................................
32
14
30
24
-25.0%
Properties For Sale ................................................
39
14
26
29
-25.6%
Days on Market (Pending Sale) ...........................
53
66
37
49
-7.5%
Month’s Supply of Inventory ................................
1.1
1
1.2
1.4
27.5%
Percent Under Contract ........................................
82.1%
100.0%
115.4%
82.8%
0.9%
Average Median Price for Last 12 Months ........
$658,462
$748,833
$731,000
$729,846
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 AUG
$708
SEP
$788,000
OCT NOV
MEDIAN SALES PRICE
DEC
$425
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
North Hollywood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$432,000
$450,000
$465,000
$523,000
21.1%
Average Price per Square Foot ...........................
$314
$342
$356
$372
18.5%
Properties Sold .......................................................
32
24
37
40
25.0%
Properties Pending Sale .......................................
49
29
42
48
-2.0%
Properties For Sale ................................................
80
67
64
82
2.5%
Days on Market (Pending Sale) ...........................
65
59
54
40
-38.5%
Month’s Supply of Inventory ................................
2.5
2.8
1.7
2
-18.0%
Percent Under Contract ........................................
61.3%
43.3%
65.6%
58.5%
-4.4%
Average Median Price for Last 12 Months ........
$402,385
$481,083
$509,333
$465,269
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 AUG
$432
SEP
$523,000
OCT NOV
MEDIAN SALES PRICE
DEC
$372
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$523 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Shadow Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$680,000
$673,000
$680,000
$655,000
-3.7%
Average Price per Square Foot ...........................
$269
$282
$323
$327
21.6%
Properties Sold .......................................................
2
2
2
5
150.0%
Properties Pending Sale .......................................
2
4
3
7
250.0%
Properties For Sale ................................................
19
9
13
7
-63.2%
Days on Market (Pending Sale) ...........................
126
75
59
59
-53.2%
Month’s Supply of Inventory ................................
9.5
4.5
6.5
1.4
-85.3%
Percent Under Contract ........................................
10.5%
44.4%
23.1%
100.0%
850.0%
Average Median Price for Last 12 Months ........
$712,769
$767,500
$755,000
$777,250
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 AUG
$680
SEP
$655,000
OCT NOV
MEDIAN SALES PRICE
DEC
$327
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sherman Oaks DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$895,000
$935,000
$935,000
$1,030,000
15.1%
Average Price per Square Foot ...........................
$430
$418
$503
$468
8.8%
Properties Sold .......................................................
52
39
51
67
28.8%
Properties Pending Sale .......................................
75
69
62
76
1.3%
Properties For Sale ................................................
167
105
140
143
-14.4%
Days on Market (Pending Sale) ...........................
65
79
43
48
-26.2%
Month’s Supply of Inventory ................................
3.2
2.7
2.7
2.1
-33.5%
Percent Under Contract ........................................
44.9%
65.7%
44.3%
53.1%
18.3%
Average Median Price for Last 12 Months ........
$828,769
$995,042
$1,020,000
$936,173
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 AUG
$895
SEP
$1,030,000
OCT NOV
MEDIAN SALES PRICE
DEC
$468
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.030 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Studio City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,265,000
$1,335,000
$1,204,000
$1,305,000
3.2%
Average Price per Square Foot ...........................
$524
$583
$565
$560
6.9%
Properties Sold .......................................................
23
16
28
32
39.1%
Properties Pending Sale .......................................
35
39
40
35
0.0%
Properties For Sale ................................................
86
60
80
116
34.9%
Days on Market (Pending Sale) ...........................
57
60
62
58
1.8%
Month’s Supply of Inventory ................................
3.7
3.8
2.9
3.6
-3.1%
Percent Under Contract ........................................
40.7%
65.0%
50.0%
30.2%
-25.9%
Average Median Price for Last 12 Months ........
$1,021,308
$1,234,917
$1,326,667
$1,192,500
16.8%
*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 AUG
$1.265
SEP
$1,305,000
OCT NOV
MEDIAN SALES PRICE
DEC
$560
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.305 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sun Valley DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$428,000
$475,000
$480,000
$450,000
5.1%
Average Price per Square Foot ...........................
$315
$303
$327
$369
17.1%
Properties Sold .......................................................
12
12
15
21
75.0%
Properties Pending Sale .......................................
20
23
16
25
25.0%
Properties For Sale ................................................
41
39
32
41
0.0%
Days on Market (Pending Sale) ...........................
48
81
55
55
14.6%
Month’s Supply of Inventory ................................
3.4
3.2
2.1
2
-42.9%
Percent Under Contract ........................................
48.8%
59.0%
50.0%
61.0%
25.0%
Average Median Price for Last 12 Months ........
$404,923
$427,333
$425,000
$424,615
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 AUG
$428
SEP
$450,000
OCT NOV
MEDIAN SALES PRICE
DEC
$369
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sunland/Tujunga DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$500,000
$454,000
$496,000
$553,000
10.6%
Average Price per Square Foot ...........................
$286
$319
$345
$352
23.1%
Properties Sold .......................................................
36
28
34
34
-5.6%
Properties Pending Sale .......................................
37
34
36
47
27.0%
Properties For Sale ................................................
82
59
71
81
-1.2%
Days on Market (Pending Sale) ...........................
71
38
52
50
-29.6%
Month’s Supply of Inventory ................................
2.3
2.1
2.1
2.4
4.6%
Percent Under Contract ........................................
45.1%
57.6%
50.7%
58.0%
28.6%
Average Median Price for Last 12 Months ........
$406,692
$494,917
$513,333
$490,808
20.7%
*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 AUG
$500
SEP
$553,000
OCT NOV
MEDIAN SALES PRICE
DEC
$352
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$553 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Tarzana DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,055,000
$812,000
$931,000
$713,000
-32.4%
Average Price per Square Foot ...........................
$392
$365
$395
$358
-8.7%
Properties Sold .......................................................
21
17
19
26
23.8%
Properties Pending Sale .......................................
26
32
34
43
65.4%
Properties For Sale ................................................
105
76
84
112
6.7%
Days on Market (Pending Sale) ...........................
71
102
87
65
-8.5%
Month’s Supply of Inventory ................................
5
4.5
4.4
4.3
-13.8%
Percent Under Contract ........................................
24.8%
42.1%
40.5%
38.4%
55.0%
Average Median Price for Last 12 Months ........
$791,231
$929,167
$901,333
$888,538
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 $1.055
AUG SEP
$713,000
OCT NOV
MEDIAN SALES PRICE
DEC
$358
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$713 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Toluca Lake DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$850,000
$880,000
$1,000,000
$1,625,000
91.2%
Average Price per Square Foot ...........................
$425
$477
$543
$607
42.8%
Properties Sold .......................................................
6
5
9
7
16.7%
Properties Pending Sale .......................................
8
11
10
8
0.0%
Properties For Sale ................................................
24
14
20
18
-25.0%
Days on Market (Pending Sale) ...........................
45
92
63
100
122.2%
Month’s Supply of Inventory ................................
4
2.8
2.2
2.6
-35.7%
Percent Under Contract ........................................
33.3%
78.6%
50.0%
44.4%
33.3%
Average Median Price for Last 12 Months ........
$995,077
$1,139,250
$1,189,667
$1,025,500
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$850
SEP
$1,625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$607
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Valley Village DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$825,000
$823,000
$825,000
$1,118,000
35.5%
Average Price per Square Foot ...........................
$443
$470
$457
$493
11.3%
Properties Sold .......................................................
15
8
13
16
6.7%
Properties Pending Sale .......................................
13
11
11
8
-38.5%
Properties For Sale ................................................
31
18
24
18
-41.9%
Days on Market (Pending Sale) ...........................
44
66
32
42
-4.5%
Month’s Supply of Inventory ................................
2.1
2.2
1.8
1.1
-45.6%
Percent Under Contract ........................................
41.9%
61.1%
45.8%
44.4%
6.0%
Average Median Price for Last 12 Months ........
$734,077
$899,833
$980,333
$848,231
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 AUG
$825
SEP
$1,118,000
OCT NOV
MEDIAN SALES PRICE
DEC
$493
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.118 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Woodland Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$699,000
$695,000
$730,000
$698,000
-0.1%
Average Price per Square Foot ...........................
$311
$309
$331
$352
13.2%
Properties Sold .......................................................
61
42
73
76
24.6%
Properties Pending Sale .......................................
65
78
78
74
13.8%
Properties For Sale ................................................
197
128
155
172
-12.7%
Days on Market (Pending Sale) ...........................
74
80
59
57
-23.0%
Month’s Supply of Inventory ................................
3.2
3
2.1
2.3
-29.9%
Percent Under Contract ........................................
33.0%
60.9%
50.3%
43.0%
30.4%
Average Median Price for Last 12 Months ........
$646,923
$712,000
$712,333
$708,615
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 AUG
$699
SEP
$698,000
OCT NOV
MEDIAN SALES PRICE
DEC
$352
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$698 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$938,455
$953,545
$1,103,273
$978,750
4.3%
Average Price per Square Foot ...........................
$522
$521
$522
$512
-1.9%
Properties Sold .......................................................
332
190
310
27
-91.8%
Properties Pending Sale .......................................
321
272
340
30
-90.7%
Properties For Sale ................................................
739
677
789
77
-89.6%
Days on Market (Pending Sale) ...........................
45
53
56
46
3.4%
Month’s Supply of Inventory ................................
2.2
3.6
2.5
2.8
26.4%
Percent Under Contract ........................................
43.4%
40.2%
43.1%
39.0%
-10.2%
Average Median Price for Last 12 Months ........
$885,699
$1,037,569
$998,735
$1,005,934
13.6%
*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 AUG
$938
SEP
$978,750
OCT NOV
MEDIAN SALES PRICE
DEC
$512
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$978 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Alhambra DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$480,000
$505,000
$498,000
$624,000
30.0%
Average Price per Square Foot ...........................
$341
$395
$379
$395
15.8%
Properties Sold .......................................................
26
16
38
14
-46.2%
Properties Pending Sale .......................................
38
31
40
25
-34.2%
Properties For Sale ................................................
101
83
75
50
-50.5%
Days on Market (Pending Sale) ...........................
36
69
64
36
0.0%
Month’s Supply of Inventory ................................
3.9
5.2
2
3.6
-8.1%
Percent Under Contract ........................................
37.6%
37.3%
53.3%
50.0%
32.9%
Average Median Price for Last 12 Months ........
$570,923
$538,000
$556,333
$511,077
-10.5%
*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 AUG
$480
SEP
$624,000
OCT NOV
MEDIAN SALES PRICE
DEC
$395
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$624 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Altadena DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$605,000
$668,000
$675,000
$655,000
8.3%
Average Price per Square Foot ...........................
$409
$412
$440
$441
7.8%
Properties Sold .......................................................
36
33
30
31
-13.9%
Properties Pending Sale .......................................
38
41
41
44
15.8%
Properties For Sale ................................................
82
57
70
54
-34.1%
Days on Market (Pending Sale) ...........................
55
68
48
43
-21.8%
Month’s Supply of Inventory ................................
2.3
1.7
2.3
1.7
-23.5%
Percent Under Contract ........................................
46.3%
71.9%
58.6%
81.5%
75.8%
Average Median Price for Last 12 Months ........
$570,923
$678,500
$705,333
$651,231
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 AUG
$605
SEP
$655,000
OCT NOV
MEDIAN SALES PRICE
DEC
$441
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Arcadia DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,200,000
$1,298,000
$1,213,000
$1,183,000
-1.4%
Average Price per Square Foot ...........................
$627
$563
$579
$560
-10.7%
Properties Sold .......................................................
41
19
48
42
2.4%
Properties Pending Sale .......................................
41
33
49
55
34.1%
Properties For Sale ................................................
173
192
236
277
60.1%
Days on Market (Pending Sale) ...........................
39
74
69
57
46.2%
Month’s Supply of Inventory ................................
4.2
10.1
4.9
6.6
56.3%
Percent Under Contract ........................................
23.7%
17.2%
20.8%
19.9%
-16.2%
Average Median Price for Last 12 Months ........
$1,321,231
$1,257,917
$1,282,000
$1,305,038
-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 AUG
$1.200
SEP
$1,183,000
OCT NOV
MEDIAN SALES PRICE
DEC
$560
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.183 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Duarte DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$425,000
$420,000
$515,000
$409,000
-3.8%
Average Price per Square Foot ...........................
$311
$322
$337
$362
16.4%
Properties Sold .......................................................
21
17
13
11
-47.6%
Properties Pending Sale .......................................
14
18
17
14
0.0%
Properties For Sale ................................................
26
16
18
29
11.5%
Days on Market (Pending Sale) ...........................
48
53
84
44
-8.3%
Month’s Supply of Inventory ................................
1.2
0.9
1.4
2.6
112.9%
Percent Under Contract ........................................
53.8%
112.5%
94.4%
48.3%
-10.3%
Average Median Price for Last 12 Months ........
$391,462
$457,667
$424,333
$448,154
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 AUG
$425
SEP
$409,000
OCT NOV
MEDIAN SALES PRICE
DEC
$362
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$409 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Eagle Rock DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$679,000
$733,000
$741,000
$740,000
9.0%
Average Price per Square Foot ...........................
$474
$451
$446
$435
-8.2%
Properties Sold .......................................................
14
7
13
16
14.3%
Properties Pending Sale .......................................
15
12
20
21
40.0%
Properties For Sale ................................................
27
24
30
32
18.5%
Days on Market (Pending Sale) ...........................
36
45
49
44
22.2%
Month’s Supply of Inventory ................................
1.9
3.4
2.3
2
3.7%
Percent Under Contract ........................................
55.6%
50.0%
66.7%
65.6%
18.1%
Average Median Price for Last 12 Months ........
$564,000
$705,667
$705,000
$695,462
23.3%
*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 AUG
$679
SEP
$740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$435
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
La Canada Flintridge DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,285,000
$1,455,000
$1,750,000
$1,618,000
25.9%
Average Price per Square Foot ...........................
$546
$602
$603
$606
11.0%
Properties Sold .......................................................
27
15
27
28
3.7%
Properties Pending Sale .......................................
25
18
30
24
-4.0%
Properties For Sale ................................................
47
48
56
71
51.1%
Days on Market (Pending Sale) ...........................
61
43
40
59
-3.3%
Month’s Supply of Inventory ................................
1.7
3.2
2.1
2.5
45.7%
Percent Under Contract ........................................
53.2%
37.5%
53.6%
33.8%
-36.5%
Average Median Price for Last 12 Months ........
$1,288,923
$1,693,503
$1,514,000
$1,545,309
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.285
SEP
$1,618,000
OCT NOV
MEDIAN SALES PRICE
DEC
$606
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.618 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Monrovia DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$660,000
$525,000
$648,000
$610,000
-7.6%
Average Price per Square Foot ...........................
$390
$381
$435
$394
1.0%
Properties Sold .......................................................
21
15
31
33
57.1%
Properties Pending Sale .......................................
29
22
39
27
-6.9%
Properties For Sale ................................................
57
64
62
59
3.5%
Days on Market (Pending Sale) ...........................
55
55
64
55
0.0%
Month’s Supply of Inventory ................................
2.7
4.3
2
1.8
-34.1%
Percent Under Contract ........................................
50.9%
34.4%
62.9%
45.8%
-10.1%
Average Median Price for Last 12 Months ........
$532,000
$612,333
$599,333
$600,923
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 AUG
$660
SEP
$610,000
OCT NOV
MEDIAN SALES PRICE
DEC
$394
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Pasadena DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$739,000
$739,000
$778,000
$774,000
4.7%
Average Price per Square Foot ...........................
$503
$552
$544
$517
2.8%
Properties Sold .......................................................
103
47
86
84
-18.4%
Properties Pending Sale .......................................
91
82
82
92
1.1%
Properties For Sale ................................................
184
170
174
183
-0.5%
Days on Market (Pending Sale) ...........................
62
57
53
46
-25.8%
Month’s Supply of Inventory ................................
1.8
3.6
2
2.2
22.0%
Percent Under Contract ........................................
49.5%
48.2%
47.1%
50.3%
1.7%
Average Median Price for Last 12 Months ........
$682,923
$799,333
$811,000
$769,154
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 AUG
$739
SEP
$774,000
OCT NOV
MEDIAN SALES PRICE
DEC
$517
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Gabriel DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$665,000
$641,000
$770,000
$682,000
2.6%
Average Price per Square Foot ...........................
$439
$430
$438
$421
-4.1%
Properties Sold .......................................................
28
14
21
32
14.3%
Properties Pending Sale .......................................
36
21
19
33
-8.3%
Properties For Sale ................................................
79
50
65
78
-1.3%
Days on Market (Pending Sale) ...........................
48
48
58
50
4.2%
Month’s Supply of Inventory ................................
2.8
3.6
3.1
2.4
-13.6%
Percent Under Contract ........................................
45.6%
42.0%
29.2%
42.3%
-7.2%
Average Median Price for Last 12 Months ........
$616,000
$708,083
$702,000
$704,577
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 AUG
$665
SEP
$682,000
OCT NOV
MEDIAN SALES PRICE
DEC
$421
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Marino DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,128,000
$2,330,000
$2,760,000
$2,115,000
-0.6%
Average Price per Square Foot ...........................
$872
$986
$862
$851
-2.4%
Properties Sold .......................................................
16
9
16
14
-12.5%
Properties Pending Sale .......................................
15
9
14
11
-26.7%
Properties For Sale ................................................
24
23
37
41
70.8%
Days on Market (Pending Sale) ...........................
29
59
66
55
89.7%
Month’s Supply of Inventory ................................
1.5
2.6
2.3
2.9
95.2%
Percent Under Contract ........................................
62.5%
39.1%
37.8%
26.8%
-57.1%
Average Median Price for Last 12 Months ........
$1,973,923
$2,348,667
$2,169,000
$2,269,308
15.0%
*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 AUG
$2.128
SEP
$2,115,000
OCT NOV
MEDIAN SALES PRICE
DEC
$851
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sierra Madre DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$869,000
$680,000
$938,000
$1,065,000
22.6%
Average Price per Square Foot ...........................
$500
$506
$444
$526
5.2%
Properties Sold .......................................................
17
7
13
6
-64.7%
Properties Pending Sale .......................................
8
7
15
2
-75.0%
Properties For Sale ................................................
17
21
24
22
29.4%
Days on Market (Pending Sale) ...........................
38
57
34
37
-2.6%
Month’s Supply of Inventory ................................
1
3
1.8
3.7
266.7%
Percent Under Contract ........................................
47.1%
33.3%
62.5%
9.1%
-80.7%
Average Median Price for Last 12 Months ........
$836,231
$1,019,417
$975,333
$938,808
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 AUG
$869
SEP
$1,065,000
OCT NOV
MEDIAN SALES PRICE
DEC
$526
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
South Pasadena DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,068,000
$1,000,000
$1,348,000
$1,270,000
18.9%
Average Price per Square Foot ...........................
$673
$529
$617
$637
-5.3%
Properties Sold .......................................................
8
7
12
17
112.5%
Properties Pending Sale .......................................
9
9
14
12
33.3%
Properties For Sale ................................................
23
12
17
27
17.4%
Days on Market (Pending Sale) ...........................
20
22
56
28
40.0%
Month’s Supply of Inventory ................................
2.9
1.7
1.4
1.6
-44.8%
Percent Under Contract ........................................
39.1%
75.0%
82.4%
44.4%
13.6%
Average Median Price for Last 12 Months ........
$944,923
$1,191,298
$1,217,000
$1,164,599
23.2%
*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 AUG
$1.068
SEP
$1,270,000
OCT NOV
MEDIAN SALES PRICE
DEC
$637
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : August 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : August 2015
telesproperties.com
Orange County DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$680,000
$659,000
$705,000
$705,000
3.7%
Average Price per Square Foot ...........................
$410
$415
$426
$420
2.4%
Properties Sold .......................................................
1671
1101
1786
1693
1.3%
Properties Pending Sale .......................................
1693
1703
1968
1783
5.3%
Properties For Sale ................................................
7,889
5,989
6,990
7,480
-5.2%
Days on Market (Pending Sale) ...........................
60
59
47
54
-10.0%
Month’s Supply of Inventory ................................
4.7
5.4
3.9
4.4
-6.4%
Percent Under Contract ........................................
21.5%
28.4%
28.2%
23.8%
11.1%
Average Median Price for Last 12 Months ........
$641,000
$701,667
$710,000
$685,015
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 AUG
$680
SEP
$705,000
OCT NOV
MEDIAN SALES PRICE
DEC
$420
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Aliso Viejo DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$800,000
$710,000
$738,000
$822,500
2.8%
Average Price per Square Foot ...........................
$328
$340
$366
$356
8.5%
Properties Sold .......................................................
21
17
30
26
23.8%
Properties Pending Sale .......................................
19
17
29
17
-10.5%
Properties For Sale ................................................
83
56
73
76
-8.4%
Days on Market (Pending Sale) ...........................
70
75
30
62
-11.4%
Month’s Supply of Inventory ................................
4
3.3
2.4
2.9
-26.0%
Percent Under Contract ........................................
22.9%
30.4%
39.7%
22.4%
-2.3%
Average Median Price for Last 12 Months ........
$688,000
$756,250
$771,500
$732,923
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$800
SEP
$822,500
OCT NOV
MEDIAN SALES PRICE
DEC
$356
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Balboa Peninsula DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,117,500
$2,800,000
$3,500,000
$2,037,500
-3.8%
Average Price per Square Foot ...........................
$1,211
$1,256
$1,480
$1,254
3.6%
Properties Sold .......................................................
12
5
8
8
-33.3%
Properties Pending Sale .......................................
5
2
7
3
-40.0%
Properties For Sale ................................................
36
29
39
36
0.0%
Days on Market (Pending Sale) ...........................
66
221
142
111
68.2%
Month’s Supply of Inventory ................................
3
5.8
4.9
4.5
50.0%
Percent Under Contract ........................................
13.9%
6.9%
17.9%
8.3%
-40.0%
Average Median Price for Last 12 Months ........
$2,610,000
$3,010,750
$2,850,000
$2,846,308
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 AUG
$2.117
SEP
$2,037,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,254
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.037 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,200,000
$1,718,294
$2,500,000
$2,557,000
16.2%
Average Price per Square Foot ...........................
$948
$857
$1,122
$994
4.9%
Properties Sold .......................................................
16
10
15
14
-12.5%
Properties Pending Sale .......................................
16
9
17
13
-18.8%
Properties For Sale ................................................
82
71
93
108
31.7%
Days on Market (Pending Sale) ...........................
61
87
57
141
131.1%
Month’s Supply of Inventory ................................
5.1
7.1
6.2
7.7
50.5%
Percent Under Contract ........................................
19.5%
12.7%
18.3%
12.0%
-38.3%
Average Median Price for Last 12 Months ........
$2,491,000
$2,652,000
$2,865,333
$2,332,523
-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 AUG
$2.200
SEP
$2,557,000
OCT NOV
MEDIAN SALES PRICE
DEC
$994
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.557 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Coto de Caza DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,125,000
$999,000
$1,241,316
$1,025,000
-8.9%
Average Price per Square Foot ...........................
$345
$340
$390
$314
-9.0%
Properties Sold .......................................................
21
9
26
13
-38.1%
Properties Pending Sale .......................................
17
25
19
13
-23.5%
Properties For Sale ................................................
141
113
124
125
-11.3%
Days on Market (Pending Sale) ...........................
111
52
61
65
-41.4%
Month’s Supply of Inventory ................................
6.7
12.6
4.8
9.6
43.2%
Percent Under Contract ........................................
12.1%
22.1%
15.3%
10.4%
-13.7%
Average Median Price for Last 12 Months ........
$1,067,000
$1,110,228
$1,055,000
$1,164,913
9.2%
*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 AUG
$1.125
SEP
$1,025,000
OCT NOV
MEDIAN SALES PRICE
DEC
$314
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Crystal Cove DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$3,500,000
$0
$3,025,000
$17,370,000
396.3%
Average Price per Square Foot ...........................
$1,032
$0
$878
$1,332
29.1%
Properties Sold .......................................................
1
0
14
1
0.0%
Properties Pending Sale .......................................
2
0
13
2
0.0%
Properties For Sale ................................................
24
21
83
23
-4.2%
Days on Market (Pending Sale) ...........................
94
0
89
58
-38.3%
Month’s Supply of Inventory ................................
24
0
5.9
23
-4.2%
Percent Under Contract ........................................
8.3%
0.0%
15.7%
8.7%
4.3%
Average Median Price for Last 12 Months ........
$4,522,000
$7,662,074
$9,133,333
$6,697,449
48.1%
*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 AUG
$3.500
SEP
$17,370,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,332
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
23 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$17.370 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Dana Point DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$922,500
$1,159,500
$935,000
$1,065,400
15.5%
Average Price per Square Foot ...........................
$512
$766
$548
$603
17.8%
Properties Sold .......................................................
29
18
39
36
24.1%
Properties Pending Sale .......................................
43
29
37
32
-25.6%
Properties For Sale ................................................
205
157
186
179
-12.7%
Days on Market (Pending Sale) ...........................
84
84
58
88
4.8%
Month’s Supply of Inventory ................................
7.1
8.7
4.8
5
-29.7%
Percent Under Contract ........................................
21.0%
18.5%
19.9%
17.9%
-14.8%
Average Median Price for Last 12 Months ........
$896,000
$1,050,392
$1,081,800
$1,013,253
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$922
SEP
$1,065,400
OCT NOV
MEDIAN SALES PRICE
DEC
$603
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
East Bluff - Harbor View DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,862,000
$1,650,000
$1,800,000
$1,794,500
-3.6%
Average Price per Square Foot ...........................
$652
$572
$691
$728
11.7%
Properties Sold .......................................................
18
11
23
20
11.1%
Properties Pending Sale .......................................
22
24
32
13
-40.9%
Properties For Sale ................................................
120
91
189
97
-19.2%
Days on Market (Pending Sale) ...........................
79
81
86
99
25.3%
Month’s Supply of Inventory ................................
6.7
8.3
8.2
4.8
-27.3%
Percent Under Contract ........................................
18.3%
26.4%
16.9%
13.4%
-26.9%
Average Median Price for Last 12 Months ........
$1,698,000
$1,830,906
$1,891,500
$1,767,764
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.862
SEP
$1,794,500
OCT NOV
MEDIAN SALES PRICE
DEC
$728
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.794 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
East Costa Mesa DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$950,000
$1,010,980
$818,750
$899,000
-5.4%
Average Price per Square Foot ...........................
$564
$470
$537
$495
-12.2%
Properties Sold .......................................................
17
16
12
17
0.0%
Properties Pending Sale .......................................
18
15
12
19
5.6%
Properties For Sale ................................................
80
53
53
57
-28.7%
Days on Market (Pending Sale) ...........................
56
51
37
51
-8.9%
Month’s Supply of Inventory ................................
4.7
3.3
4.4
3.4
-28.7%
Percent Under Contract ........................................
22.5%
28.3%
22.6%
33.3%
48.1%
Average Median Price for Last 12 Months ........
$849,000
$896,625
$880,500
$911,595
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 AUG
$950
SEP
$899,000
OCT NOV
MEDIAN SALES PRICE
DEC
$495
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Fountain Valley DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$702,500
$680,000
$745,000
$721,000
2.6%
Average Price per Square Foot ...........................
$341
$358
$365
$389
14.1%
Properties Sold .......................................................
30
19
21
28
-6.7%
Properties Pending Sale .......................................
28
26
35
37
32.1%
Properties For Sale ................................................
82
60
86
93
13.4%
Days on Market (Pending Sale) ...........................
44
58
36
49
11.4%
Month’s Supply of Inventory ................................
2.7
3.2
4.1
3.3
21.5%
Percent Under Contract ........................................
34.1%
43.3%
40.7%
39.8%
16.5%
Average Median Price for Last 12 Months ........
$644,000
$726,500
$726,500
$701,731
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 AUG
$702
SEP
$721,000
OCT NOV
MEDIAN SALES PRICE
DEC
$389
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$721 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Huntington Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$720,000
$800,000
$789,000
$848,000
17.8%
Average Price per Square Foot ...........................
$419
$439
$448
$456
8.8%
Properties Sold .......................................................
131
75
121
106
-19.1%
Properties Pending Sale .......................................
122
92
130
108
-11.5%
Properties For Sale ................................................
463
312
409
434
-6.3%
Days on Market (Pending Sale) ...........................
61
48
41
62
1.6%
Month’s Supply of Inventory ................................
3.5
4.2
3.4
4.1
15.8%
Percent Under Contract ........................................
26.3%
29.5%
31.8%
24.9%
-5.6%
Average Median Price for Last 12 Months ........
$716,000
$794,000
$814,333
$777,192
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 AUG
$720
SEP
$848,000
OCT NOV
MEDIAN SALES PRICE
DEC
$456
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$848 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Irvine DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$895,000
$935,000
$917,000
$1,042,500
16.5%
Average Price per Square Foot ...........................
$461
$477
$465
$488
5.9%
Properties Sold .......................................................
99
63
104
76
-23.2%
Properties Pending Sale .......................................
95
102
110
98
3.2%
Properties For Sale ................................................
489
321
439
488
-0.2%
Days on Market (Pending Sale) ...........................
59
50
48
61
3.4%
Month’s Supply of Inventory ................................
4.9
5.1
4.2
6.4
30.0%
Percent Under Contract ........................................
19.4%
31.8%
25.1%
20.1%
3.4%
Average Median Price for Last 12 Months ........
$890,000
$964,242
$995,000
$946,663
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 AUG
$895
SEP
$1,042,500
OCT NOV
MEDIAN SALES PRICE
DEC
$488
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.042 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Ladera Ranch DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$860,000
$735,000
$885,000
$890,000
3.5%
Average Price per Square Foot ...........................
$344
$334
$333
$341
-0.9%
Properties Sold .......................................................
28
21
24
29
3.6%
Properties Pending Sale .......................................
28
32
39
31
10.7%
Properties For Sale ................................................
157
115
145
144
-8.3%
Days on Market (Pending Sale) ...........................
61
69
75
58
-4.9%
Month’s Supply of Inventory ................................
5.6
5.5
6
5
-11.4%
Percent Under Contract ........................................
17.8%
27.8%
26.9%
21.5%
20.7%
Average Median Price for Last 12 Months ........
$852,000
$907,242
$880,483
$863,623
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 AUG
$860
SEP
$890,000
OCT NOV
MEDIAN SALES PRICE
DEC
$341
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Laguna Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,125,000
$1,850,000
$2,351,000
$1,712,100
-19.4%
Average Price per Square Foot ...........................
$970
$856
$1,125
$976
0.6%
Properties Sold .......................................................
29
21
33
24
-17.2%
Properties Pending Sale .......................................
37
38
28
34
-8.1%
Properties For Sale ................................................
285
223
270
278
-2.5%
Days on Market (Pending Sale) ...........................
106
84
70
90
-15.1%
Month’s Supply of Inventory ................................
9.8
10.6
8.2
11.6
17.9%
Percent Under Contract ........................................
13.0%
17.0%
10.4%
12.2%
-5.8%
Average Median Price for Last 12 Months ........
$1,758,000
$1,843,642
$1,750,700
$1,861,065
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 AUG
$2.125
SEP
$1,712,100
OCT NOV
MEDIAN SALES PRICE
DEC
$976
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Laguna Niguel DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$790,000
$840,000
$909,000
$795,000
0.6%
Average Price per Square Foot ...........................
$395
$386
$402
$396
0.3%
Properties Sold .......................................................
59
40
64
76
28.8%
Properties Pending Sale .......................................
69
58
64
69
0.0%
Properties For Sale ................................................
363
242
295
293
-19.3%
Days on Market (Pending Sale) ...........................
73
79
77
61
-16.4%
Month’s Supply of Inventory ................................
6.2
6
4.6
3.9
-37.3%
Percent Under Contract ........................................
19.0%
24.0%
21.7%
23.5%
23.9%
Average Median Price for Last 12 Months ........
$784,000
$840,000
$827,000
$825,154
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$790
SEP
$795,000
OCT NOV
MEDIAN SALES PRICE
DEC
$396
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Laguna Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$980,000
$615,000
$855,000
$740,000
-24.5%
Average Price per Square Foot ...........................
$367
$356
$355
$352
-4.1%
Properties Sold .......................................................
21
13
14
25
19.0%
Properties Pending Sale .......................................
21
22
21
24
14.3%
Properties For Sale ................................................
118
75
115
147
24.6%
Days on Market (Pending Sale) ...........................
48
58
39
65
35.4%
Month’s Supply of Inventory ................................
5.6
5.8
8.2
5.9
4.6%
Percent Under Contract ........................................
17.8%
29.3%
18.3%
16.3%
-8.3%
Average Median Price for Last 12 Months ........
$709,000
$793,500
$769,000
$774,558
9.2%
*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 $980
AUG SEP
$740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$352
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Laguna Woods DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
0
0
1
0
0%
Properties For Sale ................................................
0
0
1
1
0%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0%
0%
100.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$621,000
$885,000
$885,000
$885,000
42.5%
*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 AUG SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
No sales MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$4,950,000
$2,595,000
$2,525,000
$3,509,000
-29.1%
Average Price per Square Foot ...........................
$1,189
$954
$984
$1,420
19.4%
Properties Sold .......................................................
7
1
8
6
-14.3%
Properties Pending Sale .......................................
13
5
6
4
-69.2%
Properties For Sale ................................................
49
32
36
35
-28.6%
Days on Market (Pending Sale) ...........................
193
111
108
35
-81.9%
Month’s Supply of Inventory ................................
7
32
4.5
5.8
-16.7%
Percent Under Contract ........................................
26.5%
15.6%
16.7%
11.4%
-56.9%
Average Median Price for Last 12 Months ........
$2,725,000
$3,422,148
$4,119,667
$3,322,337
21.9%
*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 $4.950
AUG SEP
$3,509,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,420
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.509 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Mission Viejo DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$635,000
$667,500
$685,000
$690,000
8.7%
Average Price per Square Foot ...........................
$332
$325
$337
$335
0.9%
Properties Sold .......................................................
81
50
119
83
2.5%
Properties Pending Sale .......................................
77
89
128
88
14.3%
Properties For Sale ................................................
329
257
328
340
3.3%
Days on Market (Pending Sale) ...........................
60
53
40
59
-1.7%
Month’s Supply of Inventory ................................
4.1
5.1
2.8
4.1
0.9%
Percent Under Contract ........................................
23.4%
34.6%
39.0%
25.9%
10.6%
Average Median Price for Last 12 Months ........
$617,000
$668,333
$680,667
$651,300
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 AUG
$635
SEP
$690,000
OCT NOV
MEDIAN SALES PRICE
DEC
$335
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Nelle Gail DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$980,000
$632,500
$855,000
$760,000
-22.4%
Average Price per Square Foot ...........................
$356
$357
$355
$354
-0.6%
Properties Sold .......................................................
19
12
14
24
26.3%
Properties Pending Sale .......................................
18
19
20
23
27.8%
Properties For Sale ................................................
122
80
115
143
17.2%
Days on Market (Pending Sale) ...........................
72
84
42
67
-6.9%
Month’s Supply of Inventory ................................
6.4
6.7
8.2
6
-7.2%
Percent Under Contract ........................................
14.8%
23.8%
17.4%
16.1%
9.0%
Average Median Price for Last 12 Months ........
$1,937,000
$814,308
$780,667
$790,123
-59.2%
*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 $980
AUG SEP
$760,000
OCT NOV
MEDIAN SALES PRICE
DEC
$354
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Newport Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,825,000
$1,750,312
$2,165,000
$1,875,000
2.7%
Average Price per Square Foot ...........................
$891
$903
$911
$921
3.4%
Properties Sold .......................................................
61
36
53
58
-4.9%
Properties Pending Sale .......................................
64
60
61
53
-17.2%
Properties For Sale ................................................
361
290
343
339
-6.1%
Days on Market (Pending Sale) ...........................
96
104
79
84
-12.5%
Month’s Supply of Inventory ................................
5.9
8.1
6.5
5.8
-1.2%
Percent Under Contract ........................................
17.7%
20.7%
17.8%
15.6%
-11.8%
Average Median Price for Last 12 Months ........
$1,745,000
$1,892,708
$1,882,083
$1,851,966
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 AUG
$1.825
SEP
$1,875,000
OCT NOV
MEDIAN SALES PRICE
DEC
$921
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Newport Coast DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,450,000
$3,125,000
$3,025,000
$2,918,000
19.1%
Average Price per Square Foot ...........................
$887
$934
$878
$999
12.6%
Properties Sold .......................................................
13
9
14
7
-46.2%
Properties Pending Sale .......................................
9
14
14
11
22.2%
Properties For Sale ................................................
93
80
84
106
14.0%
Days on Market (Pending Sale) ...........................
119
78
108
78
-34.5%
Month’s Supply of Inventory ................................
7.2
8.9
6
15.1
111.7%
Percent Under Contract ........................................
9.7%
17.5%
16.7%
10.4%
7.2%
Average Median Price for Last 12 Months ........
$2,881,000
$3,165,083
$3,460,167
$3,257,487
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.450
SEP
$2,918,000
OCT NOV
MEDIAN SALES PRICE
DEC
$999
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
15.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.918 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Newport Heights DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,529,000
$1,300,000
$2,202,500
$1,507,500
-1.4%
Average Price per Square Foot ...........................
$1,045
$574
$697
$810
-22.5%
Properties Sold .......................................................
2
1
4
4
100.0%
Properties Pending Sale .......................................
6
8
8
2
-66.7%
Properties For Sale ................................................
40
31
38
32
-20.0%
Days on Market (Pending Sale) ...........................
56
86
77
78
39.3%
Month’s Supply of Inventory ................................
20
31
9.5
8
-60.0%
Percent Under Contract ........................................
15.0%
25.8%
21.1%
6.2%
-58.3%
Average Median Price for Last 12 Months ........
$1,569,000
$1,838,333
$1,624,167
$1,740,703
10.9%
*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 AUG
$1.529
SEP
$1,507,500
OCT NOV
MEDIAN SALES PRICE
DEC
$810
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Rancho Santa Margarita DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$650,000
$625,000
$662,500
$695,000
6.9%
Average Price per Square Foot ...........................
$311
$323
$323
$325
4.5%
Properties Sold .......................................................
43
27
62
51
18.6%
Properties Pending Sale .......................................
47
51
58
34
-27.7%
Properties For Sale ................................................
197
143
178
169
-14.2%
Days on Market (Pending Sale) ...........................
64
70
44
46
-28.1%
Month’s Supply of Inventory ................................
4.6
5.3
2.9
3.3
-27.7%
Percent Under Contract ........................................
23.9%
35.7%
32.6%
20.1%
-15.7%
Average Median Price for Last 12 Months ........
$635,000
$670,458
$679,000
$658,785
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 AUG
$650
SEP
$695,000
OCT NOV
MEDIAN SALES PRICE
DEC
$325
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Clemente DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$845,000
$812,000
$900,000
$936,810
10.9%
Average Price per Square Foot ...........................
$371
$389
$412
$387
4.3%
Properties Sold .......................................................
58
45
73
70
20.7%
Properties Pending Sale .......................................
69
60
83
64
-7.2%
Properties For Sale ................................................
368
249
296
319
-13.3%
Days on Market (Pending Sale) ...........................
69
51
46
74
7.2%
Month’s Supply of Inventory ................................
6.3
5.5
4.1
4.6
-28.2%
Percent Under Contract ........................................
18.8%
24.1%
28.0%
20.1%
7.0%
Average Median Price for Last 12 Months ........
$815,000
$886,135
$898,937
$860,332
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 AUG
$845
SEP
$936,810
OCT NOV
MEDIAN SALES PRICE
DEC
$387
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$936 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
San Juan Capistrano DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$635,000
$640,000
$1,175,000
$815,000
28.3%
Average Price per Square Foot ...........................
$344
$329
$380
$348
1.2%
Properties Sold .......................................................
35
17
25
28
-20.0%
Properties Pending Sale .......................................
19
27
26
25
31.6%
Properties For Sale ................................................
165
136
156
162
-1.8%
Days on Market (Pending Sale) ...........................
69
88
42
80
15.9%
Month’s Supply of Inventory ................................
4.7
8
6.2
5.8
22.7%
Percent Under Contract ........................................
11.5%
19.9%
16.7%
15.4%
34.0%
Average Median Price for Last 12 Months ........
$856,000
$892,708
$877,500
$818,741
-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 AUG
$635
SEP
$815,000
OCT NOV
MEDIAN SALES PRICE
DEC
$348
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Shady Canyon DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$0
$5,800,000
$0
$0
0%
Average Price per Square Foot ...........................
$0
$753
$0
$0
0%
Properties Sold .......................................................
0
1
0
0
0%
Properties Pending Sale .......................................
0
1
0
0
0%
Properties For Sale ................................................
4
2
1
0
-100.0%
Days on Market (Pending Sale) ...........................
0
679
0
0
0%
Month’s Supply of Inventory ................................
0
2
0
0
0%
Percent Under Contract ........................................
0.0%
50.0%
0.0%
0%
0%
Average Median Price for Last 12 Months ........
$5,622,000
$6,000,000
$6,000,000
$5,150,000
-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 AUG SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
No sales MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Turtle Ridge DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,650,000
$1,754,500
$1,850,000
$2,037,500
-23.1%
Average Price per Square Foot ...........................
$711
$643
$629
$707
-0.6%
Properties Sold .......................................................
7
2
3
2
-71.4%
Properties Pending Sale .......................................
3
2
1
4
33.3%
Properties For Sale ................................................
31
19
25
21
-32.3%
Days on Market (Pending Sale) ...........................
62
32
149
75
21.0%
Month’s Supply of Inventory ................................
4.4
9.5
8.3
10.5
137.1%
Percent Under Contract ........................................
9.7%
10.5%
4.0%
19.0%
96.8%
Average Median Price for Last 12 Months ........
$2,239,000
$2,331,167
$2,173,167
$2,278,303
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.650
SEP
$2,037,500
OCT NOV
MEDIAN SALES PRICE
DEC
$707
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.037 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Turtle Rock DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$0
$1,708,750
$1,135,000
$1,319,000
0%
Average Price per Square Foot ...........................
$0
$479
$692
$648
0%
Properties Sold .......................................................
0
2
1
1
0%
Properties Pending Sale .......................................
0
2
7
1
0%
Properties For Sale ................................................
5
8
11
4
-20.0%
Days on Market (Pending Sale) ...........................
0
48
28
156
0%
Month’s Supply of Inventory ................................
0
4
11
4
0%
Percent Under Contract ........................................
0.0%
25.0%
63.6%
25.0%
0%
Average Median Price for Last 12 Months ........
$1,616,000
$1,267,208
$1,395,917
$1,283,700
-20.6%
*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 AUG SEP
$1,319,000
OCT NOV
MEDIAN SALES PRICE
DEC
$648
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.319 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Westminster DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$545,000
$530,000
$537,750
$560,350
2.8%
Average Price per Square Foot ...........................
$347
$378
$327
$371
6.9%
Properties Sold .......................................................
37
19
38
44
18.9%
Properties Pending Sale .......................................
32
36
43
35
9.4%
Properties For Sale ................................................
121
107
95
127
5.0%
Days on Market (Pending Sale) ...........................
50
32
30
48
-4.0%
Month’s Supply of Inventory ................................
3.3
5.6
2.5
2.9
-11.7%
Percent Under Contract ........................................
26.4%
33.6%
45.3%
27.6%
4.2%
Average Median Price for Last 12 Months ........
$499,000
$559,717
$576,783
$548,746
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 AUG
$545
SEP
$560,350
OCT NOV
MEDIAN SALES PRICE
DEC
$371
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,283,750
$1,680,312
$1,600,000
$1,369,000
6.6%
Average Price per Square Foot ...........................
$549
$1,243
$627
$550
0.2%
Properties Sold .......................................................
12
8
7
11
-8.3%
Properties Pending Sale .......................................
7
11
10
15
114.3%
Properties For Sale ................................................
60
58
70
84
40.0%
Days on Market (Pending Sale) ...........................
80
136
52
89
11.2%
Month’s Supply of Inventory ................................
5
7.2
10
7.6
52.7%
Percent Under Contract ........................................
11.7%
19.0%
14.3%
17.9%
53.1%
Average Median Price for Last 12 Months ........
$1,459,000
$1,491,875
$1,417,167
$1,499,624
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 AUG
$1.283
SEP
$1,369,000
OCT NOV
MEDIAN SALES PRICE
DEC
$550
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.369 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West Newport - Lido DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$2,222,500
$1,940,000
$2,325,000
$3,400,000
53.0%
Average Price per Square Foot ...........................
$1,166
$1,183
$1,150
$1,373
17.8%
Properties Sold .......................................................
10
11
11
9
-10.0%
Properties Pending Sale .......................................
10
8
12
15
50.0%
Properties For Sale ................................................
53
49
54
54
1.9%
Days on Market (Pending Sale) ...........................
68
132
62
81
19.1%
Month’s Supply of Inventory ................................
5.3
4.5
4.9
6
13.2%
Percent Under Contract ........................................
18.9%
16.3%
22.2%
27.8%
47.2%
Average Median Price for Last 12 Months ........
$1,937,000
$2,352,917
$2,407,500
$2,252,583
16.3%
*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 AUG
$2.222
SEP
$3,400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,373
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : August 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : August 2015
telesproperties.com
Carpinteria DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,792,500
$895,000
$994,000
$941,000
-47.5%
Average Price per Square Foot ...........................
$625
$1,057
$1,076
$590
-5.6%
Properties Sold .......................................................
6
6
9
7
16.7%
Properties Pending Sale .......................................
7
11
8
8
14.3%
Properties For Sale ................................................
45
44
34
36
-20.0%
Days on Market (Pending Sale) ...........................
157
37
66
50
-68.2%
Month’s Supply of Inventory ................................
7.5
7.3
3.8
5.1
-31.4%
Percent Under Contract ........................................
15.6%
25.0%
23.5%
22.2%
42.9%
Average Median Price for Last 12 Months ........
$1,098,000
$934,654
$1,007,975
$990,648
-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 $1.792
AUG SEP
$941,000
OCT NOV
MEDIAN SALES PRICE
DEC
$590
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$941 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Goleta DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$820,000
$711,300
$862,500
$775,000
-5.5%
Average Price per Square Foot ...........................
$445
$0
$425
$556
24.9%
Properties Sold .......................................................
7
1
16
11
57.1%
Properties Pending Sale .......................................
8
16
14
9
12.5%
Properties For Sale ................................................
30
34
34
34
13.3%
Days on Market (Pending Sale) ...........................
18
57
22
12
-33.3%
Month’s Supply of Inventory ................................
4.3
34
2.1
3.1
-27.9%
Percent Under Contract ........................................
26.7%
47.1%
41.2%
26.5%
-0.7%
Average Median Price for Last 12 Months ........
$761,000
$782,119
$755,071
$767,382
0.8%
*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 AUG
$820
SEP
$775,000
OCT NOV
MEDIAN SALES PRICE
DEC
$556
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Hope Ranch DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$3,300,000
$2,605,000
$2,500,000
$3,806,120
15.3%
Average Price per Square Foot ...........................
$832
$988
$725
$980
17.8%
Properties Sold .......................................................
5
5
3
2
-60.0%
Properties Pending Sale .......................................
2
7
1
3
50.0%
Properties For Sale ................................................
37
25
20
21
-43.2%
Days on Market (Pending Sale) ...........................
31
64
16
41
32.3%
Month’s Supply of Inventory ................................
7.4
5
6.7
10.5
41.9%
Percent Under Contract ........................................
5.4%
28.0%
5.0%
14.3%
164.3%
Average Median Price for Last 12 Months ........
$2,971,000
$3,686,437
$4,085,373
$3,188,894
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 AUG
$3.300
SEP
$3,806,120
OCT NOV
MEDIAN SALES PRICE
DEC
$980
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.806 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Montecito DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$3,328,000
$6,500,000
$4,395,000
$2,025,000
-39.2%
Average Price per Square Foot ...........................
$912
$1,435
$954
$1,068
17.1%
Properties Sold .......................................................
23
11
21
15
-34.8%
Properties Pending Sale .......................................
18
16
14
17
-5.6%
Properties For Sale ................................................
173
145
158
173
0.0%
Days on Market (Pending Sale) ...........................
127
81
91
146
15.0%
Month’s Supply of Inventory ................................
7.5
13.2
7.5
11.5
53.3%
Percent Under Contract ........................................
10.4%
11.0%
8.9%
9.8%
-5.6%
Average Median Price for Last 12 Months ........
$2,411,000
$2,924,167
$2,723,333
$3,278,639
36.0%
*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 $3.328
AUG SEP
$2,025,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,068
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Barbara East of State DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,315,000
$1,000,000
$1,691,500
$1,108,750
-15.7%
Average Price per Square Foot ...........................
$684
$641
$713
$659
-3.7%
Properties Sold .......................................................
28
13
38
26
-7.1%
Properties Pending Sale .......................................
27
31
38
26
-3.7%
Properties For Sale ................................................
140
111
152
153
9.3%
Days on Market (Pending Sale) ...........................
61
46
42
33
-45.9%
Month’s Supply of Inventory ................................
5
8.5
4
5.9
17.7%
Percent Under Contract ........................................
19.3%
27.9%
25.0%
17.0%
-11.9%
Average Median Price for Last 12 Months ........
$1,084,000
$1,257,792
$1,123,750
$1,222,346
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.315
SEP
$1,108,750
OCT NOV
MEDIAN SALES PRICE
DEC
$659
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.108 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Barbara West of State DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,338,000
$1,070,000
$1,045,000
$1,135,000
-15.2%
Average Price per Square Foot ...........................
$723
$1,038
$663
$654
-9.5%
Properties Sold .......................................................
23
16
31
21
-8.7%
Properties Pending Sale .......................................
23
24
31
21
-8.7%
Properties For Sale ................................................
74
69
68
75
1.4%
Days on Market (Pending Sale) ...........................
28
55
25
23
-17.9%
Month’s Supply of Inventory ................................
3.2
4.3
2.2
3.6
11.0%
Percent Under Contract ........................................
31.1%
34.8%
45.6%
28.0%
-9.9%
Average Median Price for Last 12 Months ........
$894,000
$1,058,333
$1,166,667
$1,074,077
20.1%
*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 AUG
$1.338
SEP
$1,135,000
OCT NOV
MEDIAN SALES PRICE
DEC
$654
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.135 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Ynez DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$946,250
$500,000
$897,000
$695,000
-26.6%
Average Price per Square Foot ...........................
$424
$318
$421
$409
-3.5%
Properties Sold .......................................................
14
5
18
11
-21.4%
Properties Pending Sale .......................................
8
11
10
20
150.0%
Properties For Sale ................................................
124
93
99
132
6.5%
Days on Market (Pending Sale) ...........................
331
200
99
88
-73.4%
Month’s Supply of Inventory ................................
8.9
18.6
5.5
12
35.5%
Percent Under Contract ........................................
6.5%
11.8%
10.1%
15.2%
134.8%
Average Median Price for Last 12 Months ........
$699,000
$895,875
$776,250
$767,827
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 $946
AUG SEP
$695,000
OCT NOV
MEDIAN SALES PRICE
DEC
$409
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
12 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : August 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : August 2015
telesproperties.com
Carmel DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,260,000
$1,700,000
$1,411,000
$1,150,000
-8.7%
Average Price per Square Foot ...........................
$733
$1,000
$712
$535
-27.0%
Properties Sold .......................................................
25
15
24
14
-44.0%
Properties Pending Sale .......................................
13
21
27
29
123.1%
Properties For Sale ................................................
134
142
152
169
26.1%
Days on Market (Pending Sale) ...........................
81
88
39
119
46.9%
Month’s Supply of Inventory ................................
5.4
9.5
6.3
12.1
125.2%
Percent Under Contract ........................................
9.7%
14.8%
17.8%
17.2%
76.9%
Average Median Price for Last 12 Months ........
$1,328,000
$1,218,250
$1,131,500
$1,357,935
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 AUG
$1.260
SEP
$1,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$535
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
12.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Carmel Valley DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$921,000
$902,500
$1,030,000
$782,500
-15.0%
Average Price per Square Foot ...........................
$426
$451
$460
$436
2.3%
Properties Sold .......................................................
15
8
12
2
-86.7%
Properties Pending Sale .......................................
11
11
15
8
-27.3%
Properties For Sale ................................................
97
67
73
69
-28.9%
Days on Market (Pending Sale) ...........................
181
117
67
63
-65.2%
Month’s Supply of Inventory ................................
6.5
8.4
6.1
34.5
433.5%
Percent Under Contract ........................................
11.3%
16.4%
20.5%
11.6%
2.2%
Average Median Price for Last 12 Months ........
$994,000
$898,606
$816,379
$911,241
-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 AUG
$921
SEP
$782,500
OCT NOV
MEDIAN SALES PRICE
DEC
$436
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
34.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Marina DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$415,000
$419,900
$450,000
$482,500
16.3%
Average Price per Square Foot ...........................
$287
$277
$262
$295
2.8%
Properties Sold .......................................................
9
7
11
14
55.6%
Properties Pending Sale .......................................
8
15
10
15
87.5%
Properties For Sale ................................................
48
30
21
28
-41.7%
Days on Market (Pending Sale) ...........................
30
94
59
28
-6.7%
Month’s Supply of Inventory ................................
5.3
4.3
1.9
2
-62.5%
Percent Under Contract ........................................
16.7%
50.0%
47.6%
53.6%
221.4%
Average Median Price for Last 12 Months ........
$401,000
$447,250
$456,000
$438,196
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 AUG
$415
SEP
$482,500
OCT NOV
MEDIAN SALES PRICE
DEC
$295
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$482 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Monterey DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$580,000
$639,750
$725,000
$655,000
12.9%
Average Price per Square Foot ...........................
$387
$387
$417
$406
4.9%
Properties Sold .......................................................
21
16
19
19
-9.5%
Properties Pending Sale .......................................
18
21
17
20
11.1%
Properties For Sale ................................................
125
100
91
106
-15.2%
Days on Market (Pending Sale) ...........................
30
107
45
52
73.3%
Month’s Supply of Inventory ................................
6
6.2
4.8
5.6
-6.3%
Percent Under Contract ........................................
14.4%
21.0%
18.7%
18.9%
31.0%
Average Median Price for Last 12 Months ........
$614,000
$706,167
$716,667
$674,388
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 AUG
$580
SEP
$655,000
OCT NOV
MEDIAN SALES PRICE
DEC
$406
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Pacific Grove DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$717,500
$902,500
$845,000
$777,000
8.3%
Average Price per Square Foot ...........................
$553
$648
$589
$551
-0.4%
Properties Sold .......................................................
12
8
21
15
25.0%
Properties Pending Sale .......................................
13
17
23
16
23.1%
Properties For Sale ................................................
64
57
57
57
-10.9%
Days on Market (Pending Sale) ...........................
27
57
35
101
274.1%
Month’s Supply of Inventory ................................
5.3
7.1
2.7
3.8
-28.7%
Percent Under Contract ........................................
20.3%
29.8%
40.4%
28.1%
38.2%
Average Median Price for Last 12 Months ........
$705,000
$769,917
$744,000
$767,577
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 AUG
$717
SEP
$777,000
OCT NOV
MEDIAN SALES PRICE
DEC
$551
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Pebble Beach DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,610,000
$1,862,500
$2,606,000
$1,412,500
-12.3%
Average Price per Square Foot ...........................
$578
$765
$971
$634
9.7%
Properties Sold .......................................................
8
8
11
6
-25.0%
Properties Pending Sale .......................................
16
11
11
14
-12.5%
Properties For Sale ................................................
98
88
80
95
-3.1%
Days on Market (Pending Sale) ...........................
158
145
70
116
-26.6%
Month’s Supply of Inventory ................................
12.2
11
7.3
15.8
29.3%
Percent Under Contract ........................................
16.3%
12.5%
13.8%
14.7%
-9.7%
Average Median Price for Last 12 Months ........
$1,508,000
$1,486,083
$1,207,500
$1,489,250
-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 AUG
$1.610
SEP
$1,412,500
OCT NOV
MEDIAN SALES PRICE
DEC
$634
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
15.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.412 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Salinas DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$390,500
$430,000
$411,675
$415,000
6.3%
Average Price per Square Foot ...........................
$258
$247
$264
$272
5.4%
Properties Sold .......................................................
56
41
64
65
16.1%
Properties Pending Sale .......................................
52
55
69
79
51.9%
Properties For Sale ................................................
268
188
208
220
-17.9%
Days on Market (Pending Sale) ...........................
41
71
42
46
12.2%
Month’s Supply of Inventory ................................
4.8
4.6
3.2
3.4
-29.3%
Percent Under Contract ........................................
19.4%
29.3%
33.2%
35.9%
85.1%
Average Median Price for Last 12 Months ........
$346,000
$415,521
$415,483
$406,640
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$390
SEP
$415,000
OCT NOV
MEDIAN SALES PRICE
DEC
$272
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Seaside DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$345,000
$316,000
$410,000
$400,000
15.9%
Average Price per Square Foot ...........................
$261
$326
$330
$318
21.8%
Properties Sold .......................................................
16
8
12
15
-6.2%
Properties Pending Sale .......................................
19
19
16
21
10.5%
Properties For Sale ................................................
78
47
35
48
-38.5%
Days on Market (Pending Sale) ...........................
50
46
28
42
-16.0%
Month’s Supply of Inventory ................................
4.9
5.9
2.9
3.2
-34.4%
Percent Under Contract ........................................
24.4%
40.4%
45.7%
43.8%
79.6%
Average Median Price for Last 12 Months ........
$340,000
$400,750
$419,667
$376,060
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 AUG
$345
SEP
$400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$318
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : August 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : August 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$660,000
$876,200
$575,000
$849,000
28.6%
Average Price per Square Foot ...........................
$487
$594
$501
$561
15.2%
Properties Sold .......................................................
13
6
7
9
-30.8%
Properties Pending Sale .......................................
10
10
5
12
20.0%
Properties For Sale ................................................
34
36
25
42
23.5%
Days on Market (Pending Sale) ...........................
44
62
31
34
-22.7%
Month’s Supply of Inventory ................................
2.6
6
3.6
4.7
78.4%
Percent Under Contract ........................................
29.4%
27.8%
20.0%
28.6%
-2.9%
Average Median Price for Last 12 Months ........
$630,000
$685,500
$748,333
$672,246
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 AUG
$660
SEP
$849,000
OCT NOV
MEDIAN SALES PRICE
DEC
$561
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$849 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Beverly Hills DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,259,000
$1,058,888
$1,200,000
$1,090,000
-13.4%
Average Price per Square Foot ...........................
$1,054
$723
$678
$936
-11.2%
Properties Sold .......................................................
9
9
9
11
22.2%
Properties Pending Sale .......................................
8
18
14
7
-12.5%
Properties For Sale ................................................
56
62
53
55
-1.8%
Days on Market (Pending Sale) ...........................
48
73
50
54
12.5%
Month’s Supply of Inventory ................................
6.2
6.9
5.9
5
-19.6%
Percent Under Contract ........................................
14.3%
29.0%
26.4%
12.7%
-10.9%
Average Median Price for Last 12 Months ........
$929,000
$1,108,750
$1,063,333
$1,105,568
19.0%
*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 AUG
$1.259
SEP
$1,090,000
OCT NOV
MEDIAN SALES PRICE
DEC
$936
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Brentwood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$809,500
$606,900
$825,000
$775,000
-4.3%
Average Price per Square Foot ...........................
$560
$522
$538
$532
-5.0%
Properties Sold .......................................................
30
9
15
10
-66.7%
Properties Pending Sale .......................................
28
19
29
18
-35.7%
Properties For Sale ................................................
105
66
85
84
-20.0%
Days on Market (Pending Sale) ...........................
37
67
30
46
24.3%
Month’s Supply of Inventory ................................
3.5
7.3
5.7
8.4
140.0%
Percent Under Contract ........................................
26.7%
28.8%
34.1%
21.4%
-19.6%
Average Median Price for Last 12 Months ........
$679,000
$790,750
$770,500
$754,454
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 AUG
$809
SEP
$775,000
OCT NOV
MEDIAN SALES PRICE
DEC
$532
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Culver City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$442,000
$382,000
$557,500
$425,000
-3.8%
Average Price per Square Foot ...........................
$416
$384
$428
$442
6.2%
Properties Sold .......................................................
15
9
28
19
26.7%
Properties Pending Sale .......................................
19
27
24
21
10.5%
Properties For Sale ................................................
47
45
44
44
-6.4%
Days on Market (Pending Sale) ...........................
35
37
31
26
-25.7%
Month’s Supply of Inventory ................................
3.1
5
1.6
2.3
-26.1%
Percent Under Contract ........................................
40.4%
60.0%
54.5%
47.7%
18.1%
Average Median Price for Last 12 Months ........
$370,000
$448,333
$415,833
$429,846
16.2%
*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 AUG
$442
SEP
$425,000
OCT NOV
MEDIAN SALES PRICE
DEC
$442
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Encino DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$275,000
$319,000
$337,000
$300,000
9.1%
Average Price per Square Foot ...........................
$273
$314
$292
$272
-0.4%
Properties Sold .......................................................
13
9
12
16
23.1%
Properties Pending Sale .......................................
14
22
21
20
42.9%
Properties For Sale ................................................
46
30
35
36
-21.7%
Days on Market (Pending Sale) ...........................
57
64
47
65
14.0%
Month’s Supply of Inventory ................................
3.5
3.3
2.9
2.2
-36.4%
Percent Under Contract ........................................
30.4%
73.3%
60.0%
55.6%
82.5%
Average Median Price for Last 12 Months ........
$286,615
$328,833
$322,333
$315,923
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 AUG
$275
SEP
$300,000
OCT NOV
MEDIAN SALES PRICE
DEC
$272
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Malibu DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,100,000
$2,050,000
$580,000
$583,000
-47.0%
Average Price per Square Foot ...........................
$536
$855
$627
$568
6.0%
Properties Sold .......................................................
4
1
4
3
-25.0%
Properties Pending Sale .......................................
6
2
8
2
-66.7%
Properties For Sale ................................................
33
21
28
21
-36.4%
Days on Market (Pending Sale) ...........................
51
14
122
124
143.1%
Month’s Supply of Inventory ................................
8.2
21
7
7
-15.2%
Percent Under Contract ........................................
18.2%
9.5%
28.6%
9.5%
-47.6%
Average Median Price for Last 12 Months ........
$817,000
$633,333
$673,333
$862,692
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 $1.100
AUG SEP
$583,000
OCT NOV
MEDIAN SALES PRICE
DEC
$568
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$583 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Marina Del Rey DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$777,500
$989,000
$860,000
$1,008,710
29.7%
Average Price per Square Foot ...........................
$517
$744
$626
$701
35.6%
Properties Sold .......................................................
26
9
31
16
-38.5%
Properties Pending Sale .......................................
22
25
32
25
13.6%
Properties For Sale ................................................
110
105
127
100
-9.1%
Days on Market (Pending Sale) ...........................
104
90
40
61
-41.3%
Month’s Supply of Inventory ................................
4.2
11.7
4.1
6.2
47.7%
Percent Under Contract ........................................
20.0%
23.8%
25.2%
25.0%
25.0%
Average Median Price for Last 12 Months ........
$738,000
$878,285
$884,903
$840,074
13.8%
*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 AUG
$777
SEP
$1,008,710
OCT NOV
MEDIAN SALES PRICE
DEC
$701
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.008 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Santa Monica DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,010,000
$698,000
$1,099,000
$1,050,000
4.0%
Average Price per Square Foot ...........................
$993
$760
$895
$989
-0.4%
Properties Sold .......................................................
53
20
49
39
-26.4%
Properties Pending Sale .......................................
51
24
52
26
-49.0%
Properties For Sale ................................................
171
103
171
109
-36.3%
Days on Market (Pending Sale) ...........................
44
33
46
36
-18.2%
Month’s Supply of Inventory ................................
3.2
5.2
3.5
2.8
-13.4%
Percent Under Contract ........................................
29.8%
23.3%
30.4%
23.9%
-20.0%
Average Median Price for Last 12 Months ........
$705,000
$1,035,917
$946,333
$984,704
39.7%
*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 AUG
$1.010
SEP
$1,050,000
OCT NOV
MEDIAN SALES PRICE
DEC
$989
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Sherman Oaks DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$390,000
$430,000
$434,000
$446,000
14.4%
Average Price per Square Foot ...........................
$295
$349
$307
$347
17.6%
Properties Sold .......................................................
21
19
19
24
14.3%
Properties Pending Sale .......................................
19
33
34
24
26.3%
Properties For Sale ................................................
49
35
38
36
-26.5%
Days on Market (Pending Sale) ...........................
48
60
67
41
-14.6%
Month’s Supply of Inventory ................................
2.3
1.8
2
1.5
-35.7%
Percent Under Contract ........................................
38.8%
94.3%
89.5%
66.7%
71.9%
Average Median Price for Last 12 Months ........
$376,231
$438,000
$436,333
$419,154
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$390
SEP
$446,000
OCT NOV
MEDIAN SALES PRICE
DEC
$347
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$446 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Studio City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$530,000
$515,000
$523,000
$530,000
0.0%
Average Price per Square Foot ...........................
$409
$388
$407
$402
-1.7%
Properties Sold .......................................................
13
11
14
19
46.2%
Properties Pending Sale .......................................
9
12
15
19
111.1%
Properties For Sale ................................................
32
29
29
28
-12.5%
Days on Market (Pending Sale) ...........................
58
49
59
51
-12.1%
Month’s Supply of Inventory ................................
2.5
2.6
2.1
1.5
-40.1%
Percent Under Contract ........................................
28.1%
41.4%
51.7%
67.9%
141.3%
Average Median Price for Last 12 Months ........
$455,923
$524,667
$529,333
$517,615
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 AUG
$530
SEP
$530,000
OCT NOV
MEDIAN SALES PRICE
DEC
$402
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Venice DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$1,287,500
$1,228,500
$1,550,000
$1,500,000
16.5%
Average Price per Square Foot ...........................
$885
$769
$779
$669
-24.4%
Properties Sold .......................................................
4
2
4
3
-25.0%
Properties Pending Sale .......................................
7
2
3
3
-57.1%
Properties For Sale ................................................
30
17
18
28
-6.7%
Days on Market (Pending Sale) ...........................
76
22
230
43
-43.4%
Month’s Supply of Inventory ................................
7.5
8.5
4.5
9.3
24.4%
Percent Under Contract ........................................
23.3%
11.8%
16.7%
10.7%
-54.1%
Average Median Price for Last 12 Months ........
$1,051,000
$1,255,100
$1,470,500
$1,144,909
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 AUG
$1.287
SEP
$1,500,000
OCT NOV
MEDIAN SALES PRICE
DEC
$669
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West Hollywood DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$642,500
$650,000
$640,000
$622,500
-3.1%
Average Price per Square Foot ...........................
$542
$585
$632
$631
16.4%
Properties Sold .......................................................
28
33
41
34
21.4%
Properties Pending Sale .......................................
25
33
45
33
32.0%
Properties For Sale ................................................
135
129
145
112
-17.0%
Days on Market (Pending Sale) ...........................
33
49
42
32
-3.0%
Month’s Supply of Inventory ................................
4.8
3.9
3.5
3.3
-31.7%
Percent Under Contract ........................................
18.5%
25.6%
31.0%
29.5%
59.1%
Average Median Price for Last 12 Months ........
$556,000
$609,250
$608,333
$621,346
11.8%
*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 AUG
$642
SEP
$622,500
OCT NOV
MEDIAN SALES PRICE
DEC
$631
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$622 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
West LA DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$620,000
$622,500
$675,000
$787,491
27.0%
Average Price per Square Foot ...........................
$473
$510
$468
$491
3.8%
Properties Sold .......................................................
13
16
15
4
-69.2%
Properties Pending Sale .......................................
14
17
25
16
14.3%
Properties For Sale ................................................
54
46
55
44
-18.5%
Days on Market (Pending Sale) ...........................
38
25
27
36
-5.3%
Month’s Supply of Inventory ................................
4.2
2.9
3.7
11
164.8%
Percent Under Contract ........................................
25.9%
37.0%
45.5%
36.4%
40.3%
Average Median Price for Last 12 Months ........
$619,000
$706,082
$751,997
$657,384
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 AUG
$620
SEP
$787,491
OCT NOV
MEDIAN SALES PRICE
DEC
$491
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$787 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
Westwood - Century City DATA*
Aug 2014
6 month
3 month
Aug 2015
% change
Median Price ..........................................................
$750,875
$852,500
$695,000
$749,000
-0.2%
Average Price per Square Foot ...........................
$571
$518
$616
$618
8.2%
Properties Sold .......................................................
40
20
40
51
27.5%
Properties Pending Sale .......................................
54
61
68
46
-14.8%
Properties For Sale ................................................
296
257
309
278
-6.1%
Days on Market (Pending Sale) ...........................
78
79
64
69
-11.5%
Month’s Supply of Inventory ................................
7.4
12.8
7.7
5.5
-26.3%
Percent Under Contract ........................................
18.2%
23.7%
22.0%
16.5%
-9.3%
Average Median Price for Last 12 Months ........
$706,000
$746,667
$767,167
$761,529
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 AUG
$750
SEP
$749,000
OCT NOV
MEDIAN SALES PRICE
DEC
$618
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$749 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2015
telesproperties.com
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