micro market report luxury real estate market research August 2017 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, RIVERSIDE, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
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
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : August 2017
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : August 2017
telesproperties.com
Los Angeles County DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$595,000
$580,000
$618,000
$640,000
7.6%
Average Price per Square Foot ...........................
$442
$455
$472
$468
5.9%
Properties Sold .......................................................
4728
2891
4734
5039
6.6%
Properties Pending Sale .......................................
5242
4093
5577
5218
-0.5%
Properties For Sale ................................................
19,515
14,644
17,609
18,034
-7.6%
Days on Market (Pending Sale) ...........................
42
44
33
36
-14.3%
Month’s Supply of Inventory ................................
4.1
5.1
3.7
3.6
-13.3%
Percent Under Contract ........................................
26.9%
28.0%
31.7%
28.9%
7.7%
Average Median Price for Last 12 Months ........
$562,896
$624,333
$639,333
$601,808
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
$595
SEP
$640,000
OCT NOV
MEDIAN SALES PRICE
DEC
$468
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Bel-Air Holmby Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,172,500
$2,390,000
$3,995,000
$2,215,000
2.0%
Average Price per Square Foot ...........................
$796
$1,120
$983
$909
14.2%
Properties Sold .......................................................
12
11
13
15
25.0%
Properties Pending Sale .......................................
17
16
24
21
23.5%
Properties For Sale ................................................
158
139
175
173
9.5%
Days on Market (Pending Sale) ...........................
69
82
95
71
2.9%
Month’s Supply of Inventory ................................
13.2
12.6
13.5
11.5
-12.4%
Percent Under Contract ........................................
10.8%
11.5%
13.7%
12.1%
12.8%
Average Median Price for Last 12 Months ........
$2,306,375
$2,486,804
$2,261,600
$2,124,487
-8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.172
SEP
$2,215,000
OCT NOV
MEDIAN SALES PRICE
DEC
$909
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,417,500
$1,575,000
$2,614,000
$1,725,000
21.7%
Average Price per Square Foot ...........................
$743
$737
$792
$845
13.7%
Properties Sold .......................................................
16
23
17
19
18.8%
Properties Pending Sale .......................................
26
23
23
25
-3.8%
Properties For Sale ................................................
98
86
92
87
-11.2%
Days on Market (Pending Sale) ...........................
51
59
31
35
-31.4%
Month’s Supply of Inventory ................................
6.1
3.7
5.4
4.6
-25.2%
Percent Under Contract ........................................
26.5%
26.7%
25.0%
28.7%
8.3%
Average Median Price for Last 12 Months ........
$1,449,729
$1,743,977
$1,631,683
$1,665,836
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
$1.417
SEP
$1,725,000
OCT NOV
MEDIAN SALES PRICE
DEC
$845
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.725 M E 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 2017
telesproperties.com
Beverly Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$5,522,500
$6,700,000
$5,620,000
$3,675,500
-33.4%
Average Price per Square Foot ...........................
$1,217
$1,411
$1,492
$1,403
15.3%
Properties Sold .......................................................
8
9
21
12
50.0%
Properties Pending Sale .......................................
17
9
14
15
-11.8%
Properties For Sale ................................................
137
100
102
122
-10.9%
Days on Market (Pending Sale) ...........................
52
44
37
58
11.5%
Month’s Supply of Inventory ................................
17.1
11.1
4.9
10.2
-40.6%
Percent Under Contract ........................................
12.4%
9.0%
13.7%
12.3%
-0.9%
Average Median Price for Last 12 Months ........
$5,114,823
$4,951,333
$4,296,000
$5,020,589
-1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.522
AUG SEP
$3,675,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,403
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.675 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 2017
telesproperties.com
Beverly Hills- Post Office DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,533,300
$2,820,590
$2,949,000
$2,740,000
8.2%
Average Price per Square Foot ...........................
$861
$875
$897
$857
-0.5%
Properties Sold .......................................................
16
8
23
21
31.2%
Properties Pending Sale .......................................
14
4
24
18
28.6%
Properties For Sale ................................................
191
145
189
170
-11.0%
Days on Market (Pending Sale) ...........................
45
93
79
81
80.0%
Month’s Supply of Inventory ................................
11.9
18.1
8.2
8.1
-32.2%
Percent Under Contract ........................................
7.3%
2.8%
12.7%
10.6%
44.5%
Average Median Price for Last 12 Months ........
$2,814,233
$3,686,458
$2,951,917
$3,092,742
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
$2.533
SEP
$2,740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$857
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.740 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 2017
telesproperties.com
Beverlywood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,200,000
$1,102,000
$1,677,776
$1,150,000
-4.2%
Average Price per Square Foot ...........................
$725
$634
$779
$761
5.0%
Properties Sold .......................................................
25
12
22
16
-36.0%
Properties Pending Sale .......................................
29
18
19
14
-51.7%
Properties For Sale ................................................
70
48
45
43
-38.6%
Days on Market (Pending Sale) ...........................
39
47
26
21
-46.2%
Month’s Supply of Inventory ................................
2.8
4
2
2.7
-4.0%
Percent Under Contract ........................................
41.4%
37.5%
42.2%
32.6%
-21.4%
Average Median Price for Last 12 Months ........
$1,149,926
$1,392,713
$1,403,167
$1,307,660
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
$1.200
SEP
$1,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$761
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 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 2017
telesproperties.com
Brentwood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,875,000
$2,725,000
$3,180,000
$3,457,500
20.3%
Average Price per Square Foot ...........................
$900
$1,082
$1,030
$1,022
13.6%
Properties Sold .......................................................
25
15
37
22
-12.0%
Properties Pending Sale .......................................
25
20
24
22
-12.0%
Properties For Sale ................................................
155
138
145
138
-11.0%
Days on Market (Pending Sale) ...........................
74
46
41
51
-31.1%
Month’s Supply of Inventory ................................
6.2
9.2
3.9
6.3
1.2%
Percent Under Contract ........................................
16.1%
14.5%
16.6%
15.9%
-1.2%
Average Median Price for Last 12 Months ........
$3,080,052
$3,124,278
$3,079,167
$3,206,513
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.875
SEP
$3,457,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,022
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.457 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,640,000
$1,775,000
$2,725,000
$1,745,000
-33.9%
Average Price per Square Foot ...........................
$815
$891
$863
$859
5.4%
Properties Sold .......................................................
13
3
16
8
-38.5%
Properties Pending Sale .......................................
11
12
9
6
-45.5%
Properties For Sale ................................................
30
30
30
22
-26.7%
Days on Market (Pending Sale) ...........................
38
48
27
28
-26.3%
Month’s Supply of Inventory ................................
2.3
10
1.9
2.8
19.2%
Percent Under Contract ........................................
36.7%
40.0%
30.0%
27.3%
-25.6%
Average Median Price for Last 12 Months ........
$2,016,809
$2,159,167
$1,867,667
$1,954,731
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.640
AUG SEP
$1,745,000
OCT NOV
MEDIAN SALES PRICE
DEC
$859
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.745 M E 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 2017
telesproperties.com
Culver City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,000,000
$1,140,000
$1,077,500
$1,184,000
18.4%
Average Price per Square Foot ...........................
$691
$792
$741
$783
13.3%
Properties Sold .......................................................
29
7
18
27
-6.9%
Properties Pending Sale .......................................
27
17
26
24
-11.1%
Properties For Sale ................................................
60
49
58
68
13.3%
Days on Market (Pending Sale) ...........................
41
47
32
26
-36.6%
Month’s Supply of Inventory ................................
2.1
7
3.2
2.5
21.7%
Percent Under Contract ........................................
45.0%
34.7%
44.8%
35.3%
-21.6%
Average Median Price for Last 12 Months ........
$1,070,813
$1,188,583
$1,139,333
$1,157,827
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.000
SEP
$1,184,000
OCT NOV
MEDIAN SALES PRICE
DEC
$783
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.184 M E 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 2017
telesproperties.com
Downtown DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$287,500
$379,000
$376,250
$350,000
21.7%
Average Price per Square Foot ...........................
$255
$275
$324
$359
40.8%
Properties Sold .......................................................
8
5
14
9
12.5%
Properties Pending Sale .......................................
14
15
12
13
-7.1%
Properties For Sale ................................................
50
49
52
55
10.0%
Days on Market (Pending Sale) ...........................
48
35
40
35
-27.1%
Month’s Supply of Inventory ................................
6.2
9.8
3.7
6.1
-2.2%
Percent Under Contract ........................................
28.0%
30.6%
23.1%
23.6%
-15.6%
Average Median Price for Last 12 Months ........
$328,210
$386,625
$363,167
$356,699
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$287
SEP
$350,000
OCT NOV
MEDIAN SALES PRICE
DEC
$359
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Hancock Park - Wilshire DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,332,500
$1,500,000
$1,417,000
$1,630,000
22.3%
Average Price per Square Foot ...........................
$748
$693
$667
$634
-15.2%
Properties Sold .......................................................
34
20
26
25
-26.5%
Properties Pending Sale .......................................
28
21
32
31
10.7%
Properties For Sale ................................................
143
91
113
98
-31.5%
Days on Market (Pending Sale) ...........................
57
55
39
65
14.0%
Month’s Supply of Inventory ................................
4.2
4.6
4.3
3.9
-6.8%
Percent Under Contract ........................................
19.6%
23.1%
28.3%
31.6%
61.6%
Average Median Price for Last 12 Months ........
$1,476,828
$1,610,375
$1,547,167
$1,659,289
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.332
SEP
$1,630,000
OCT NOV
MEDIAN SALES PRICE
DEC
$634
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.630 M E 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 2017
telesproperties.com
Hollywood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$875,000
$777,049
$1,215,000
$1,059,000
21.0%
Average Price per Square Foot ...........................
$640
$584
$664
$622
-2.8%
Properties Sold .......................................................
9
4
5
13
44.4%
Properties Pending Sale .......................................
8
3
11
10
25.0%
Properties For Sale ................................................
32
39
45
49
53.1%
Days on Market (Pending Sale) ...........................
30
23
67
65
116.7%
Month’s Supply of Inventory ................................
3.6
9.8
9
3.8
6.0%
Percent Under Contract ........................................
25.0%
7.7%
24.4%
20.4%
-18.4%
Average Median Price for Last 12 Months ........
$969,654
$936,313
$902,625
$910,686
-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
$875
SEP
$1,059,000
OCT NOV
MEDIAN SALES PRICE
DEC
$622
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.059 M E 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 2017
telesproperties.com
Hollywood Hills East DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,609,000
$1,206,500
$1,356,000
$1,452,000
-9.8%
Average Price per Square Foot ...........................
$697
$582
$648
$596
-14.5%
Properties Sold .......................................................
8
10
13
7
-12.5%
Properties Pending Sale .......................................
9
9
15
16
77.8%
Properties For Sale ................................................
70
80
96
75
7.1%
Days on Market (Pending Sale) ...........................
42
61
49
78
85.7%
Month’s Supply of Inventory ................................
7.8
8.9
6.4
10.7
37.8%
Percent Under Contract ........................................
12.9%
11.2%
15.6%
21.3%
65.9%
Average Median Price for Last 12 Months ........
$1,372,219
$1,497,825
$1,466,567
$1,426,630
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
$1.609
SEP
$1,452,000
OCT NOV
MEDIAN SALES PRICE
DEC
$596
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.452 M E 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 2017
telesproperties.com
Inglewood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$472,500
$460,000
$485,000
$570,000
20.6%
Average Price per Square Foot ...........................
$360
$331
$381
$385
6.9%
Properties Sold .......................................................
30
12
22
23
-23.3%
Properties Pending Sale .......................................
31
20
35
21
-32.3%
Properties For Sale ................................................
87
68
73
65
-25.3%
Days on Market (Pending Sale) ...........................
24
19
23
29
20.8%
Month’s Supply of Inventory ................................
2.8
3.4
2.1
2.8
0.7%
Percent Under Contract ........................................
35.6%
29.4%
47.9%
32.3%
-9.3%
Average Median Price for Last 12 Months ........
$436,246
$537,229
$564,167
$500,598
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$472
SEP
$570,000
OCT NOV
MEDIAN SALES PRICE
DEC
$385
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$570 M E 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 2017
telesproperties.com
Ladera Heights DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,025,000
$1,090,000
$1,058,500
$1,250,000
22.0%
Average Price per Square Foot ...........................
$421
$456
$464
$396
-5.9%
Properties Sold .......................................................
5
3
6
11
120.0%
Properties Pending Sale .......................................
5
6
5
4
-20.0%
Properties For Sale ................................................
22
19
26
23
4.5%
Days on Market (Pending Sale) ...........................
41
50
26
43
4.9%
Month’s Supply of Inventory ................................
4.4
3.2
5.2
2.1
-52.5%
Percent Under Contract ........................................
22.7%
31.6%
19.2%
17.4%
-23.5%
Average Median Price for Last 12 Months ........
$967,349
$1,087,042
$1,120,833
$1,073,250
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.025
SEP
$1,250,000
OCT NOV
MEDIAN SALES PRICE
DEC
$396
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Laurel Canyon DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,791,285
$1,320,300
$2,018,750
$1,637,500
-8.6%
Average Price per Square Foot ...........................
$864
$693
$773
$738
-14.6%
Properties Sold .......................................................
24
24
24
26
8.3%
Properties Pending Sale .......................................
27
25
34
30
11.1%
Properties For Sale ................................................
187
143
170
177
-5.3%
Days on Market (Pending Sale) ...........................
45
48
39
35
-22.2%
Month’s Supply of Inventory ................................
6.9
5.7
5
5.9
-14.8%
Percent Under Contract ........................................
14.4%
17.5%
20.0%
16.9%
17.4%
Average Median Price for Last 12 Months ........
$1,506,987
$1,760,708
$1,779,167
$1,702,449
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
$1.791
SEP
$1,637,500
OCT NOV
MEDIAN SALES PRICE
DEC
$738
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 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 2017
telesproperties.com
Los Feliz DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,625,000
$1,732,500
$1,425,000
$1,625,000
0.0%
Average Price per Square Foot ...........................
$722
$661
$776
$718
-0.6%
Properties Sold .......................................................
20
10
23
19
-5.0%
Properties Pending Sale .......................................
15
16
18
25
66.7%
Properties For Sale ................................................
81
81
96
95
17.3%
Days on Market (Pending Sale) ...........................
40
39
24
39
-2.5%
Month’s Supply of Inventory ................................
5.4
5.1
5.3
5
-7.4%
Percent Under Contract ........................................
18.5%
19.8%
18.8%
26.3%
42.1%
Average Median Price for Last 12 Months ........
$1,544,929
$1,605,833
$1,783,333
$1,653,455
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.625
SEP
$1,625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$718
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 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 2017
telesproperties.com
Malibu DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,400,000
$2,737,500
$2,380,000
$3,323,625
38.5%
Average Price per Square Foot ...........................
$1,142
$1,132
$962
$1,240
8.6%
Properties Sold .......................................................
17
12
11
22
29.4%
Properties Pending Sale .......................................
16
12
16
20
25.0%
Properties For Sale ................................................
222
194
225
215
-3.2%
Days on Market (Pending Sale) ...........................
161
155
145
111
-31.1%
Month’s Supply of Inventory ................................
13.1
16.2
20.5
9.8
-25.2%
Percent Under Contract ........................................
7.2%
6.2%
7.1%
9.3%
29.1%
Average Median Price for Last 12 Months ........
$2,358,678
$3,076,288
$3,003,575
$2,839,979
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.400
SEP
$3,323,625
OCT NOV
MEDIAN SALES PRICE
DEC
$1,240
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.323 M E 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 2017
telesproperties.com
Malibu Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$6,000,000
$11,912,000
$6,500,000
$6,940,000
15.7%
Average Price per Square Foot ...........................
$2,241
$2,360
$2,111
$2,246
0.2%
Properties Sold .......................................................
8
2
5
3
-62.5%
Properties Pending Sale .......................................
6
4
5
4
-33.3%
Properties For Sale ................................................
94
70
98
90
-4.3%
Days on Market (Pending Sale) ...........................
180
141
99
147
-18.3%
Month’s Supply of Inventory ................................
11.8
35
19.6
30
155.3%
Percent Under Contract ........................................
6.4%
5.7%
5.1%
4.4%
-30.4%
Average Median Price for Last 12 Months ........
$7,092,833
$7,953,083
$8,046,667
$7,934,442
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
$6.000
SEP
$6,940,000
OCT NOV
MEDIAN SALES PRICE
DEC
$2,246
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
30 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$6.940 M E 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 2017
telesproperties.com
Marina Del Rey DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,027,500
$1,559,500
$1,567,000
$1,381,500
34.5%
Average Price per Square Foot ...........................
$751
$853
$805
$764
1.7%
Properties Sold .......................................................
6
6
9
10
66.7%
Properties Pending Sale .......................................
2
6
12
6
200.0%
Properties For Sale ................................................
31
27
42
34
9.7%
Days on Market (Pending Sale) ...........................
23
46
36
59
156.5%
Month’s Supply of Inventory ................................
5.2
4.5
4.7
3.4
-34.2%
Percent Under Contract ........................................
6.5%
22.2%
28.6%
17.6%
173.5%
Average Median Price for Last 12 Months ........
$1,535,396
$1,341,750
$1,187,167
$1,344,194
-14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.027
SEP
$1,381,500
OCT NOV
MEDIAN SALES PRICE
DEC
$764
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.381 M E 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 2017
telesproperties.com
Mid Los Angeles DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$630,000
$665,000
$733,750
$717,500
13.9%
Average Price per Square Foot ...........................
$426
$434
$432
$456
7.0%
Properties Sold .......................................................
38
23
40
44
15.8%
Properties Pending Sale .......................................
36
26
41
35
-2.8%
Properties For Sale ................................................
133
107
130
117
-12.0%
Days on Market (Pending Sale) ...........................
40
39
27
27
-32.5%
Month’s Supply of Inventory ................................
3.5
4.7
3.2
2.7
-24.0%
Percent Under Contract ........................................
27.1%
24.3%
31.5%
29.9%
10.5%
Average Median Price for Last 12 Months ........
$578,604
$706,125
$734,167
$661,022
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$630
SEP
$717,500
OCT NOV
MEDIAN SALES PRICE
DEC
$456
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Mid Wilshire DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$790,000
$857,500
$940,000
$865,000
9.5%
Average Price per Square Foot ...........................
$343
$489
$489
$407
18.7%
Properties Sold .......................................................
3
6
3
7
133.3%
Properties Pending Sale .......................................
6
5
10
9
50.0%
Properties For Sale ................................................
22
24
26
24
9.1%
Days on Market (Pending Sale) ...........................
58
18
34
49
-15.5%
Month’s Supply of Inventory ................................
7.3
4
8.7
3.4
-53.2%
Percent Under Contract ........................................
27.3%
20.8%
38.5%
37.5%
37.5%
Average Median Price for Last 12 Months ........
$698,800
$931,917
$998,000
$893,481
21.8%
*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
$790
SEP
$865,000
OCT NOV
MEDIAN SALES PRICE
DEC
$407
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$865 M E 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 2017
telesproperties.com
Pacific Palisades DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,800,000
$2,895,000
$3,416,975
$3,155,500
12.7%
Average Price per Square Foot ...........................
$1,103
$1,024
$1,168
$1,059
-4.0%
Properties Sold .......................................................
28
17
28
34
21.4%
Properties Pending Sale .......................................
30
22
30
25
-16.7%
Properties For Sale ................................................
155
98
140
118
-23.9%
Days on Market (Pending Sale) ...........................
48
65
48
70
45.8%
Month’s Supply of Inventory ................................
5.5
5.8
5
3.5
-37.3%
Percent Under Contract ........................................
19.4%
22.4%
21.4%
21.2%
9.5%
Average Median Price for Last 12 Months ........
$2,705,365
$3,260,380
$3,570,167
$3,235,997
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
$2.800
SEP
$3,155,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,059
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.155 M E 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 2017
telesproperties.com
Palms - Mar Vista DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,315,000
$1,650,000
$1,328,018
$1,594,800
21.3%
Average Price per Square Foot ...........................
$771
$768
$799
$803
4.2%
Properties Sold .......................................................
27
16
28
27
0.0%
Properties Pending Sale .......................................
32
24
42
30
-6.2%
Properties For Sale ................................................
91
68
96
97
6.6%
Days on Market (Pending Sale) ...........................
41
35
24
34
-17.1%
Month’s Supply of Inventory ................................
3.4
4.2
3.4
3.6
6.6%
Percent Under Contract ........................................
35.2%
35.3%
43.8%
30.9%
-12.0%
Average Median Price for Last 12 Months ........
$1,278,419
$1,467,136
$1,558,267
$1,472,371
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
$1.315
SEP
$1,594,800
OCT NOV
MEDIAN SALES PRICE
DEC
$803
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.594 M E 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 2017
telesproperties.com
Playa Del Rey DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,695,000
$0
$1,860,000
$1,800,000
6.2%
Average Price per Square Foot ...........................
$689
$0
$717
$732
6.2%
Properties Sold .......................................................
2
0
8
5
150.0%
Properties Pending Sale .......................................
4
5
6
5
25.0%
Properties For Sale ................................................
18
19
18
21
16.7%
Days on Market (Pending Sale) ...........................
20
48
16
56
180.0%
Month’s Supply of Inventory ................................
9
n/a
2.2
4.2
-53.3%
Percent Under Contract ........................................
22.2%
26.3%
33.3%
23.8%
7.1%
Average Median Price for Last 12 Months ........
$1,539,856
$1,744,583
$1,734,167
$1,620,604
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.695
SEP
$1,800,000
OCT NOV
MEDIAN SALES PRICE
DEC
$732
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Playa Vista DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$0
$2,552,000
$1,868,000
$2,962,062
n/a
Average Price per Square Foot ...........................
$0
$780
$760
$762
n/a
Properties Sold .......................................................
0
2
5
4
n/a
Properties Pending Sale .......................................
1
2
4
3
200.0%
Properties For Sale ................................................
13
13
14
15
15.4%
Days on Market (Pending Sale) ...........................
55
50
76
17
-69.1%
Month’s Supply of Inventory ................................
n/a
6.5
2.8
0.2
n/a
Percent Under Contract ........................................
7.7%
15.4%
28.6%
20.0%
160.0%
Average Median Price for Last 12 Months ........
$1,118,229
$2,071,677
$2,197,354
$2,086,839
86.6%
*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
$2,962,062
OCT NOV
MEDIAN SALES PRICE
DEC
$762
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.962 M E 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 2017
telesproperties.com
Santa Monica DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$3,400,000
$2,552,000
$2,307,500
$2,302,500
-32.3%
Average Price per Square Foot ...........................
$1,005
$780
$1,154
$1,163
15.7%
Properties Sold .......................................................
19
2
16
22
15.8%
Properties Pending Sale .......................................
20
2
24
22
10.0%
Properties For Sale ................................................
90
13
84
91
1.1%
Days on Market (Pending Sale) ...........................
35
50
39
48
37.1%
Month’s Supply of Inventory ................................
4.7
6.5
5.2
4.1
-12.7%
Percent Under Contract ........................................
22.2%
15.4%
28.6%
24.2%
8.8%
Average Median Price for Last 12 Months ........
$2,531,310
$2,497,167
$2,865,833
$2,500,380
-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 $3.400
AUG SEP
$2,302,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,163
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.302 M E 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 2017
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,937,000
$1,900,000
$2,195,000
$1,639,500
-15.4%
Average Price per Square Foot ...........................
$914
$857
$786
$839
-8.2%
Properties Sold .......................................................
33
35
38
41
24.2%
Properties Pending Sale .......................................
38
47
56
45
18.4%
Properties For Sale ................................................
329
295
352
366
11.2%
Days on Market (Pending Sale) ...........................
47
53
49
49
4.3%
Month’s Supply of Inventory ................................
10
8.4
9.3
8.9
-10.5%
Percent Under Contract ........................................
11.6%
15.9%
15.9%
12.3%
6.4%
Average Median Price for Last 12 Months ........
$1,762,208
$1,871,731
$1,863,833
$1,796,095
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.937
SEP
$1,639,500
OCT NOV
MEDIAN SALES PRICE
DEC
$839
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.639 M E 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 2017
telesproperties.com
Venice DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,870,816
$1,673,000
$2,232,500
$1,857,500
-0.7%
Average Price per Square Foot ...........................
$1,004
$1,036
$1,075
$1,078
7.4%
Properties Sold .......................................................
21
13
14
20
-4.8%
Properties Pending Sale .......................................
18
22
22
24
33.3%
Properties For Sale ................................................
101
100
97
137
35.6%
Days on Market (Pending Sale) ...........................
54
49
31
41
-24.1%
Month’s Supply of Inventory ................................
4.8
7.7
6.9
6.8
42.4%
Percent Under Contract ........................................
17.8%
22.0%
22.7%
17.5%
-1.7%
Average Median Price for Last 12 Months ........
$1,803,784
$2,165,833
$2,245,000
$1,974,934
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
$1.870
SEP
$1,857,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,078
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.857 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
West Hollywood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,487,500
$1,700,000
$1,443,250
$1,925,000
29.4%
Average Price per Square Foot ...........................
$886
$890
$1,057
$826
-6.8%
Properties Sold .......................................................
16
9
10
11
-31.2%
Properties Pending Sale .......................................
17
8
14
12
-29.4%
Properties For Sale ................................................
77
52
65
53
-31.2%
Days on Market (Pending Sale) ...........................
53
67
31
36
-32.1%
Month’s Supply of Inventory ................................
4.8
5.8
6.5
4.8
0.1%
Percent Under Contract ........................................
22.1%
15.4%
21.5%
22.6%
2.6%
Average Median Price for Last 12 Months ........
$1,510,836
$1,647,435
$1,831,453
$1,660,356
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
$1.487
SEP
$1,925,000
OCT NOV
MEDIAN SALES PRICE
DEC
$826
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
West Los Angeles DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$925,000
$1,032,500
$1,100,000
$1,229,000
32.9%
Average Price per Square Foot ...........................
$746
$606
$830
$811
8.7%
Properties Sold .......................................................
9
6
9
13
44.4%
Properties Pending Sale .......................................
11
8
10
20
81.8%
Properties For Sale ................................................
47
36
44
50
6.4%
Days on Market (Pending Sale) ...........................
51
27
19
33
-35.3%
Month’s Supply of Inventory ................................
5.2
6
4.9
3.8
-26.4%
Percent Under Contract ........................................
23.4%
22.2%
22.7%
40.0%
70.9%
Average Median Price for Last 12 Months ........
$1,067,229
$1,179,833
$1,196,333
$1,061,558
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$925
SEP
$1,229,000
OCT NOV
MEDIAN SALES PRICE
DEC
$811
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 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 2017
telesproperties.com
Westchester DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,121,250
$1,056,000
$1,075,000
$1,210,000
7.9%
Average Price per Square Foot ...........................
$627
$663
$669
$642
2.4%
Properties Sold .......................................................
34
25
35
41
20.6%
Properties Pending Sale .......................................
32
16
42
25
-21.9%
Properties For Sale ................................................
101
53
99
86
-14.9%
Days on Market (Pending Sale) ...........................
42
29
28
28
-33.3%
Month’s Supply of Inventory ................................
3
2.1
2.8
2.1
-29.4%
Percent Under Contract ........................................
31.7%
30.2%
42.4%
29.1%
-8.2%
Average Median Price for Last 12 Months ........
$1,013,927
$1,152,333
$1,167,167
$1,105,481
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
$1.121
SEP
$1,210,000
OCT NOV
MEDIAN SALES PRICE
DEC
$642
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.210 M E 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 2017
telesproperties.com
Westwood - Century City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,567,500
$1,530,000
$2,107,640
$1,945,000
24.1%
Average Price per Square Foot ...........................
$886
$900
$882
$847
-4.4%
Properties Sold .......................................................
18
13
18
15
-16.7%
Properties Pending Sale .......................................
17
14
19
16
-5.9%
Properties For Sale ................................................
77
46
70
55
-28.6%
Days on Market (Pending Sale) ...........................
41
18
42
41
0.0%
Month’s Supply of Inventory ................................
4.3
3.5
3.9
3.7
-14.3%
Percent Under Contract ........................................
22.1%
30.4%
27.1%
29.1%
31.8%
Average Median Price for Last 12 Months ........
$1,855,051
$2,115,034
$1,922,500
$1,939,362
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.567
SEP
$1,945,000
OCT NOV
MEDIAN SALES PRICE
DEC
$847
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.945 M E 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 2017
telesproperties.com
South Bay Macro Market DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,160,674
$1,246,983
$1,330,967
$1,301,571
12.1%
Average Price per Square Foot ...........................
$611
$591
$680
$645
5.6%
Properties Sold .......................................................
300
151
273
282
-6.0%
Properties Pending Sale .......................................
273
228
335
258
-5.5%
Properties For Sale ................................................
1,079
760
1,014
936
-13.3%
Days on Market (Pending Sale) ...........................
57
44
25
40
-29.2%
Month’s Supply of Inventory ................................
3.6
5
3.7
3.3
-7.7%
Percent Under Contract ........................................
25.3%
30.0%
33.0%
27.6%
8.9%
Average Median Price for Last 12 Months ........
$1,224,201
$1,331,127
$1,394,857
$1,326,228
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
$1.160
SEP
$1,301,571
OCT NOV
MEDIAN SALES PRICE
DEC
$645
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.301 M E 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 2017
telesproperties.com
El Segundo DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,050,000
$1,275,000
$1,099,000
$1,275,000
21.4%
Average Price per Square Foot ...........................
$625
$712
$780
$732
17.1%
Properties Sold .......................................................
6
3
7
11
83.3%
Properties Pending Sale .......................................
7
17
14
6
-14.3%
Properties For Sale ................................................
26
64
23
23
-11.5%
Days on Market (Pending Sale) ...........................
36
34
21
43
19.4%
Month’s Supply of Inventory ................................
4.3
21.3
3.3
2.1
-51.7%
Percent Under Contract ........................................
26.9%
26.6%
60.9%
26.1%
-3.1%
Average Median Price for Last 12 Months ........
$1,199,042
$1,265,417
$1,348,667
$1,289,313
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.050
SEP
$1,275,000
OCT NOV
MEDIAN SALES PRICE
DEC
$732
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Hermosa Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,800,000
$1,260,000
$2,750,000
$1,850,000
2.8%
Average Price per Square Foot ...........................
$1,197
$475
$1,570
$1,160
-3.1%
Properties Sold .......................................................
17
2
13
13
-23.5%
Properties Pending Sale .......................................
16
7
13
7
-56.2%
Properties For Sale ................................................
62
35
51
43
-30.6%
Days on Market (Pending Sale) ...........................
40
54
19
41
2.5%
Month’s Supply of Inventory ................................
3.6
17.5
3.9
3.3
-9.3%
Percent Under Contract ........................................
25.8%
20.0%
25.5%
16.3%
-36.9%
Average Median Price for Last 12 Months ........
$1,788,052
$2,060,858
$2,024,667
$1,885,396
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.800
SEP
$1,850,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,160
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 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 2017
telesproperties.com
Manhattan Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,830,000
$1,575,500
$2,200,000
$2,565,000
40.2%
Average Price per Square Foot ...........................
$973
$1,061
$1,126
$1,203
23.6%
Properties Sold .......................................................
34
12
39
28
-17.6%
Properties Pending Sale .......................................
30
24
50
21
-30.0%
Properties For Sale ................................................
155
126
153
136
-12.3%
Days on Market (Pending Sale) ...........................
39
53
31
62
59.0%
Month’s Supply of Inventory ................................
4.6
10.5
3.9
4.9
6.5%
Percent Under Contract ........................................
19.4%
19.0%
32.7%
15.4%
-20.2%
Average Median Price for Last 12 Months ........
$2,190,208
$2,470,333
$2,592,333
$2,278,269
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.830
SEP
$2,565,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,203
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.565 M E 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 2017
telesproperties.com
Palos Verdes Estates DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,151,000
$1,720,000
$1,900,000
$1,960,000
-8.9%
Average Price per Square Foot ...........................
$841
$707
$668
$652
-22.5%
Properties Sold .......................................................
17
15
21
14
-17.6%
Properties Pending Sale .......................................
8
26
16
24
200.0%
Properties For Sale ................................................
96
86
100
95
-1.0%
Days on Market (Pending Sale) ...........................
223
59
31
60
-73.1%
Month’s Supply of Inventory ................................
5.6
5.7
4.8
6.8
20.2%
Percent Under Contract ........................................
8.3%
30.2%
16.0%
25.3%
203.2%
Average Median Price for Last 12 Months ........
$1,781,079
$2,022,750
$2,153,000
$1,970,892
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.151
SEP
$1,960,000
OCT NOV
MEDIAN SALES PRICE
DEC
$652
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.960 M E 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 2017
telesproperties.com
Rancho Palos Verdes DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,201,250
$1,182,250
$1,350,000
$1,960,000
63.2%
Average Price per Square Foot ...........................
$577
$572
$579
$652
13.0%
Properties Sold .......................................................
40
16
41
14
-65.0%
Properties Pending Sale .......................................
35
23
56
24
-31.4%
Properties For Sale ................................................
187
103
170
95
-49.2%
Days on Market (Pending Sale) ...........................
47
43
31
60
27.7%
Month’s Supply of Inventory ................................
4.7
6.4
4.1
6.8
45.1%
Percent Under Contract ........................................
18.7%
22.3%
32.9%
25.3%
35.0%
Average Median Price for Last 12 Months ........
$1,230,778
$1,452,583
$1,561,667
$1,353,115
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.201
SEP
$1,960,000
OCT NOV
MEDIAN SALES PRICE
DEC
$652
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.960 M E 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 2017
telesproperties.com
Redondo Beach- North DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$935,000
$900,000
$1,005,000
$987,500
5.6%
Average Price per Square Foot ...........................
$601
$627
$643
$610
1.5%
Properties Sold .......................................................
19
11
20
22
15.8%
Properties Pending Sale .......................................
19
16
25
18
-5.3%
Properties For Sale ................................................
54
35
54
44
-18.5%
Days on Market (Pending Sale) ...........................
25
24
23
40
60.0%
Month’s Supply of Inventory ................................
2.8
3.2
2.7
2
-29.6%
Percent Under Contract ........................................
35.2%
45.7%
46.3%
40.9%
16.3%
Average Median Price for Last 12 Months ........
$895,979
$956,917
$963,833
$949,769
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$935
SEP
$987,500
OCT NOV
MEDIAN SALES PRICE
DEC
$610
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$987 M E 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 2017
telesproperties.com
Redondo Beach- South DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,218,500
$1,455,500
$1,449,500
$1,610,000
32.1%
Average Price per Square Foot ...........................
$669
$589
$781
$660
-1.3%
Properties Sold .......................................................
22
12
14
26
18.2%
Properties Pending Sale .......................................
17
14
18
16
-5.9%
Properties For Sale ................................................
56
41
65
59
5.4%
Days on Market (Pending Sale) ...........................
51
11
14
37
-27.5%
Month’s Supply of Inventory ................................
2.5
3.4
4.6
2.3
-10.9%
Percent Under Contract ........................................
30.4%
34.1%
27.7%
27.1%
-10.7%
Average Median Price for Last 12 Months ........
$1,307,146
$1,443,250
$1,467,333
$1,405,998
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
$1.218
SEP
$1,610,000
OCT NOV
MEDIAN SALES PRICE
DEC
$660
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.610 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 2017
telesproperties.com
Rolling Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,650,000
$3,541,250
$2,450,000
$0
-100.0%
Average Price per Square Foot ...........................
$597
$838
$834
$0
-100.0%
Properties Sold .......................................................
2
2
1
0
-100.0%
Properties Pending Sale .......................................
2
1
2
1
-50.0%
Properties For Sale ................................................
30
26
31
31
3.3%
Days on Market (Pending Sale) ...........................
67
74
24
68
1.5%
Month’s Supply of Inventory ................................
15
13
31
n/a
n/a
Percent Under Contract ........................................
6.7%
3.8%
6.5%
3.2%
-51.6%
Average Median Price for Last 12 Months ........
$2,364,513
$2,661,500
$3,356,250
$2,955,375
25.0%
*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
$1.650
SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
n/a 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 2017
telesproperties.com
Rolling Hills Estates DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,389,854
$1,512,000
$1,325,000
$1,430,000
2.9%
Average Price per Square Foot ...........................
$557
$644
$599
$570
2.3%
Properties Sold .......................................................
7
3
11
11
57.1%
Properties Pending Sale .......................................
7
8
8
1
-85.7%
Properties For Sale ................................................
40
22
42
31
-22.5%
Days on Market (Pending Sale) ...........................
70
90
23
68
-2.9%
Month’s Supply of Inventory ................................
5.7
7.3
3.8
2.8
-50.7%
Percent Under Contract ........................................
17.5%
36.4%
19.0%
3.2%
-81.6%
Average Median Price for Last 12 Months ........
$1,615,821
$1,449,750
$1,567,833
$1,525,962
-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
$1.389
SEP
$1,430,000
OCT NOV
MEDIAN SALES PRICE
DEC
$570
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
San Pedro DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$656,500
$627,500
$689,000
$735,000
12.0%
Average Price per Square Foot ...........................
$373
$389
$431
$435
16.6%
Properties Sold .......................................................
24
34
35
45
87.5%
Properties Pending Sale .......................................
38
30
33
42
10.5%
Properties For Sale ................................................
158
95
127
147
-7.0%
Days on Market (Pending Sale) ...........................
42
41
45
34
-19.0%
Month’s Supply of Inventory ................................
6.6
2.8
3.6
3.3
-50.4%
Percent Under Contract ........................................
24.1%
31.6%
26.0%
28.6%
18.8%
Average Median Price for Last 12 Months ........
$596,043
$670,917
$704,667
$649,769
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
$656
SEP
$735,000
OCT NOV
MEDIAN SALES PRICE
DEC
$435
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Torrance- County Strip DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$580,000
$477,500
$545,000
$557,000
-4.0%
Average Price per Square Foot ...........................
$324
$345
$327
$384
18.5%
Properties Sold .......................................................
4
6
7
10
150.0%
Properties Pending Sale .......................................
10
9
6
8
-20.0%
Properties For Sale ................................................
20
17
17
23
15.0%
Days on Market (Pending Sale) ...........................
58
42
26
20
-65.5%
Month’s Supply of Inventory ................................
5
2.8
2.4
2.3
-54.0%
Percent Under Contract ........................................
50.0%
52.9%
35.3%
34.8%
-30.4%
Average Median Price for Last 12 Months ........
$493,771
$529,625
$549,167
$526,819
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
$580
SEP
$557,000
OCT NOV
MEDIAN SALES PRICE
DEC
$384
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Torrance- North DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$645,000
$583,750
$705,500
$695,000
7.8%
Average Price per Square Foot ...........................
$433
$432
$434
$507
17.1%
Properties Sold .......................................................
27
14
12
21
-22.2%
Properties Pending Sale .......................................
24
15
20
22
-8.3%
Properties For Sale ................................................
58
25
39
50
-13.8%
Days on Market (Pending Sale) ...........................
36
33
19
16
-55.6%
Month’s Supply of Inventory ................................
2.1
1.8
3.2
2.4
10.8%
Percent Under Contract ........................................
41.4%
60.0%
51.3%
44.0%
6.3%
Average Median Price for Last 12 Months ........
$612,165
$673,250
$684,333
$651,904
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
$645
SEP
$695,000
OCT NOV
MEDIAN SALES PRICE
DEC
$507
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 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 2017
telesproperties.com
Torrance- South DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$902,500
$1,163,000
$910,000
$952,500
5.5%
Average Price per Square Foot ...........................
$495
$464
$536
$495
0.0%
Properties Sold .......................................................
30
6
21
28
-6.7%
Properties Pending Sale .......................................
24
14
34
30
25.0%
Properties For Sale ................................................
58
32
58
79
36.2%
Days on Market (Pending Sale) ...........................
32
58
27
24
-25.0%
Month’s Supply of Inventory ................................
1.9
5.3
2.8
2.8
45.9%
Percent Under Contract ........................................
41.4%
43.8%
58.6%
38.0%
-8.2%
Average Median Price for Last 12 Months ........
$862,843
$928,333
$973,333
$923,356
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$902
SEP
$952,500
OCT NOV
MEDIAN SALES PRICE
DEC
$495
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$952 M E 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 2017
telesproperties.com
Torrance- Southeast DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$572,500
$645,500
$678,500
$720,000
25.8%
Average Price per Square Foot ...........................
$404
$463
$384
$440
8.9%
Properties Sold .......................................................
26
4
14
20
-23.1%
Properties Pending Sale .......................................
23
8
21
17
-26.1%
Properties For Sale ................................................
43
23
51
44
2.3%
Days on Market (Pending Sale) ...........................
62
22
23
20
-67.7%
Month’s Supply of Inventory ................................
1.7
5.8
3.6
2.2
33.0%
Percent Under Contract ........................................
53.5%
34.8%
41.2%
38.6%
-27.8%
Average Median Price for Last 12 Months ........
$613,000
$693,417
$747,333
$668,500
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
$572
SEP
$720,000
OCT NOV
MEDIAN SALES PRICE
DEC
$440
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$720 M E 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 2017
telesproperties.com
Torrance- West DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$828,000
$786,000
$908,000
$925,000
11.7%
Average Price per Square Foot ...........................
$492
$552
$509
$525
6.7%
Properties Sold .......................................................
25
11
17
19
-24.0%
Properties Pending Sale .......................................
13
16
19
21
61.5%
Properties For Sale ................................................
36
30
33
36
0.0%
Days on Market (Pending Sale) ...........................
29
16
12
14
-51.7%
Month’s Supply of Inventory ................................
1.4
2.7
1.9
1.9
31.6%
Percent Under Contract ........................................
36.1%
53.3%
57.6%
58.3%
61.5%
Average Median Price for Last 12 Months ........
$812,583
$914,667
$913,333
$858,981
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$828
SEP
$925,000
OCT NOV
MEDIAN SALES PRICE
DEC
$525
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
San Fernando Valley Macro Market DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,024,125
$950,118
$1,006,294
$994,294
-2.9%
Average Price per Square Foot ...........................
$442
$445
$464
$467
5.6%
Properties Sold .......................................................
32
20
33
38
16.3%
Properties Pending Sale .......................................
36
33
37
38
4.5%
Properties For Sale ................................................
85
54
66
68
-20.4%
Days on Market (Pending Sale) ...........................
59
70
49
56
-3.6%
Month’s Supply of Inventory ................................
2.6
2.7
2
1.8
-31.5%
Percent Under Contract ........................................
42.6%
60.0%
55.8%
55.9%
31.2%
Average Median Price for Last 12 Months ........
$863,185
$1,014,402
$1,009,765
$939,684
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
$1.024
SEP
$994,294
OCT NOV
MEDIAN SALES PRICE
DEC
$467
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$994 M E 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 2017
telesproperties.com
Agoura Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$849,000
$795,000
$1,000,000
$980,000
15.4%
Average Price per Square Foot ...........................
$362
$364
$411
$391
8.0%
Properties Sold .......................................................
13
19
23
16
23.1%
Properties Pending Sale .......................................
15
22
26
20
33.3%
Properties For Sale ................................................
65
43
51
64
-1.5%
Days on Market (Pending Sale) ...........................
48
64
58
59
22.9%
Month’s Supply of Inventory ................................
5
2.3
2.2
4
-20.0%
Percent Under Contract ........................................
23.1%
51.2%
51.0%
31.2%
35.4%
Average Median Price for Last 12 Months ........
$888,167
$1,053,833
$1,051,000
$932,308
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$849
SEP
$980,000
OCT NOV
MEDIAN SALES PRICE
DEC
$391
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$980 M E 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 2017
telesproperties.com
Burbank DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$765,000
$735,000
$812,000
$784,000
2.5%
Average Price per Square Foot ...........................
$473
$514
$534
$517
9.3%
Properties Sold .......................................................
57
31
52
64
12.3%
Properties Pending Sale .......................................
76
46
53
59
-22.4%
Properties For Sale ................................................
95
46
76
68
-28.4%
Days on Market (Pending Sale) ...........................
55
55
35
33
-40.0%
Month’s Supply of Inventory ................................
1.7
1.5
1.5
1.1
-36.2%
Percent Under Contract ........................................
80.0%
100.0%
69.7%
86.8%
8.5%
Average Median Price for Last 12 Months ........
$725,667
$774,333
$785,667
$772,000
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
$765
SEP
$784,000
OCT NOV
MEDIAN SALES PRICE
DEC
$517
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$784 M E 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 2017
telesproperties.com
Calabasas DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,408,000
$1,107,000
$1,458,000
$1,526,000
8.4%
Average Price per Square Foot ...........................
$436
$482
$457
$460
5.5%
Properties Sold .......................................................
31
13
34
34
9.7%
Properties Pending Sale .......................................
28
25
32
29
3.6%
Properties For Sale ................................................
102
69
96
94
-7.8%
Days on Market (Pending Sale) ...........................
86
65
70
70
-18.6%
Month’s Supply of Inventory ................................
3.3
5.3
2.8
2.8
-16.0%
Percent Under Contract ........................................
27.5%
36.2%
33.3%
30.9%
12.4%
Average Median Price for Last 12 Months ........
$1,387,333
$1,404,333
$1,376,000
$1,406,769
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
$1.408
SEP
$1,526,000
OCT NOV
MEDIAN SALES PRICE
DEC
$460
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.526 M E 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 2017
telesproperties.com
Encino DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,275,000
$872,000
$1,256,000
$1,317,000
3.3%
Average Price per Square Foot ...........................
$474
$522
$529
$547
15.4%
Properties Sold .......................................................
57
18
51
48
-15.8%
Properties Pending Sale .......................................
38
47
52
46
21.1%
Properties For Sale ................................................
141
92
104
112
-20.6%
Days on Market (Pending Sale) ...........................
74
43
68
58
-21.6%
Month’s Supply of Inventory ................................
2.5
5.1
2
2.3
-5.7%
Percent Under Contract ........................................
27.0%
51.1%
50.0%
41.1%
52.4%
Average Median Price for Last 12 Months ........
$1,189,000
$1,290,667
$1,299,333
$1,254,615
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.275
SEP
$1,317,000
OCT NOV
MEDIAN SALES PRICE
DEC
$547
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.317 M E 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 2017
telesproperties.com
Glendale DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$887,000
$880,000
$850,000
$893,000
0.7%
Average Price per Square Foot ...........................
$510
$481
$505
$513
0.6%
Properties Sold .......................................................
78
44
49
61
-21.8%
Properties Pending Sale .......................................
77
50
58
67
-13.0%
Properties For Sale ................................................
97
74
80
105
8.2%
Days on Market (Pending Sale) ...........................
51
52
46
37
-27.5%
Month’s Supply of Inventory ................................
2.4
2
2
1.2
-48.5%
Percent Under Contract ........................................
55.0%
61.3%
58.3%
79.4%
44.3%
Average Median Price for Last 12 Months ........
$822,500
$906,667
$944,333
$890,417
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
$854
SEP
$893,000
OCT NOV
MEDIAN SALES PRICE
DEC
$513
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$887 M E 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 2017
telesproperties.com
La Crescenta DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$894,000
$788,000
$885,000
$838,000
-6.3%
Average Price per Square Foot ...........................
$496
$477
$510
$529
6.7%
Properties Sold .......................................................
24
14
15
22
-8.3%
Properties Pending Sale .......................................
35
16
24
21
-40.0%
Properties For Sale ................................................
38
20
26
22
-42.1%
Days on Market (Pending Sale) ...........................
50
46
34
46
-8.0%
Month’s Supply of Inventory ................................
1.6
1.4
1.7
1
-36.8%
Percent Under Contract ........................................
92.1%
80.0%
92.3%
95.5%
3.6%
Average Median Price for Last 12 Months ........
$793,083
$851,167
$842,667
$828,308
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
$894
SEP
$838,000
OCT NOV
MEDIAN SALES PRICE
DEC
$529
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$838 M E 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 2017
telesproperties.com
North Hollywood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$496,000
$508,000
$550,000
$613,000
23.6%
Average Price per Square Foot ...........................
$384
$382
$402
$436
13.5%
Properties Sold .......................................................
31
22
36
34
9.7%
Properties Pending Sale .......................................
37
37
43
44
18.9%
Properties For Sale ................................................
54
52
37
51
-5.6%
Days on Market (Pending Sale) ...........................
36
53
32
41
13.9%
Month’s Supply of Inventory ................................
1.7
2.4
1
1.5
-13.9%
Percent Under Contract ........................................
68.5%
71.2%
116.2%
86.3%
25.9%
Average Median Price for Last 12 Months ........
$512,833
$575,833
$592,333
$554,231
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$496
SEP
$613,000
OCT NOV
MEDIAN SALES PRICE
DEC
$436
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$613 M E 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 2017
telesproperties.com
Shadow Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$625,000
$810,000
$1,061,000
$715,000
14.4%
Average Price per Square Foot ...........................
$407
$286
$318
$387
-4.9%
Properties Sold .......................................................
5
3
1
5
0.0%
Properties Pending Sale .......................................
7
6
7
6
-14.3%
Properties For Sale ................................................
15
10
10
8
-46.7%
Days on Market (Pending Sale) ...........................
49
99
46
127
159.2%
Month’s Supply of Inventory ................................
3
3.3
10
1.6
-46.7%
Percent Under Contract ........................................
46.7%
60.0%
70.0%
75.0%
60.7%
Average Median Price for Last 12 Months ........
$728,417
$881,333
$753,333
$789,615
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
$625
SEP
$715,000
OCT NOV
MEDIAN SALES PRICE
DEC
$387
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$715 M E 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 2017
telesproperties.com
Sherman Oaks DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,145,000
$1,340,000
$1,179,000
$1,083,000
-5.4%
Average Price per Square Foot ...........................
$480
$497
$509
$538
12.1%
Properties Sold .......................................................
54
36
66
73
35.2%
Properties Pending Sale .......................................
65
74
73
67
3.1%
Properties For Sale ................................................
164
91
119
131
-20.1%
Days on Market (Pending Sale) ...........................
57
85
57
56
-1.8%
Month’s Supply of Inventory ................................
3
2.5
1.8
1.8
-40.9%
Percent Under Contract ........................................
39.6%
81.3%
61.3%
51.1%
29.0%
Average Median Price for Last 12 Months ........
$1,049,667
$1,150,833
$1,167,000
$1,170,769
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
$1.145
SEP
$1,083,000
OCT NOV
MEDIAN SALES PRICE
DEC
$538
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.083 M E 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 2017
telesproperties.com
Studio City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,565,000
$1,340,000
$1,360,000
$1,381,000
-11.8%
Average Price per Square Foot ...........................
$590
$497
$607
$571
-3.2%
Properties Sold .......................................................
35
36
33
36
2.9%
Properties Pending Sale .......................................
35
74
32
36
2.9%
Properties For Sale ................................................
102
91
89
71
-30.4%
Days on Market (Pending Sale) ...........................
66
85
42
58
-12.1%
Month’s Supply of Inventory ................................
2.9
2.5
2.7
2
-32.3%
Percent Under Contract ........................................
34.3%
81.3%
36.0%
50.7%
47.8%
Average Median Price for Last 12 Months ........
$1,397,167
$1,417,667
$1,340,000
$1,415,769
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
$1.565
SEP
$1,381,000
OCT NOV
MEDIAN SALES PRICE
DEC
$571
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.381 M E 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 2017
telesproperties.com
Sun Valley DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$518,000
$495,000
$483,000
$514,000
-0.8%
Average Price per Square Foot ...........................
$350
$397
$384
$333
-4.9%
Properties Sold .......................................................
18
13
22
24
33.3%
Properties Pending Sale .......................................
20
12
19
26
30.0%
Properties For Sale ................................................
25
13
31
16
-36.0%
Days on Market (Pending Sale) ...........................
65
49
39
43
-33.8%
Month’s Supply of Inventory ................................
1.4
1
1.4
0.7
-52.0%
Percent Under Contract ........................................
80.0%
92.3%
61.3%
162.5%
103.1%
Average Median Price for Last 12 Months ........
$463,667
$524,000
$555,333
$512,308
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
$518
SEP
$514,000
OCT NOV
MEDIAN SALES PRICE
DEC
$333
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$514 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Sunland/Tujunga DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$550,000
$550,000
$625,000
$562,000
2.2%
Average Price per Square Foot ...........................
$362
$365
$373
$393
8.6%
Properties Sold .......................................................
49
11
23
19
-61.2%
Properties Pending Sale .......................................
45
17
32
26
-42.2%
Properties For Sale ................................................
71
14
16
20
-71.8%
Days on Market (Pending Sale) ...........................
48
82
35
49
2.1%
Month’s Supply of Inventory ................................
1.4
1.3
0.7
1.1
-27.4%
Percent Under Contract ........................................
63.4%
121.4%
200.0%
130.0%
105.1%
Average Median Price for Last 12 Months ........
$521,000
$611,833
$581,000
$586,308
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$550
SEP
$562,000
OCT NOV
MEDIAN SALES PRICE
DEC
$393
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Tarzana DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,150,000
$999,000
$1,098,000
$1,081,000
-6.0%
Average Price per Square Foot ...........................
$429
$391
$416
$422
-1.6%
Properties Sold .......................................................
29
25
26
30
3.4%
Properties Pending Sale .......................................
41
23
34
38
-7.3%
Properties For Sale ................................................
103
57
86
87
-15.5%
Days on Market (Pending Sale) ...........................
67
75
57
48
-28.4%
Month’s Supply of Inventory ................................
3.6
2.3
3.3
2.9
-18.3%
Percent Under Contract ........................................
39.8%
40.4%
39.5%
43.7%
9.7%
Average Median Price for Last 12 Months ........
$957,000
$1,050,000
$1,019,333
$1,044,923
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
$1.150
SEP
$1,081,000
OCT NOV
MEDIAN SALES PRICE
DEC
$422
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.081 M E 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 2017
telesproperties.com
Toluca Lake DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,777,000
$1,975,000
$1,490,000
$1,420,000
-20.1%
Average Price per Square Foot ...........................
$577
$693
$569
$558
-3.3%
Properties Sold .......................................................
6
4
8
7
16.7%
Properties Pending Sale .......................................
5
8
6
9
80.0%
Properties For Sale ................................................
23
15
15
17
-26.1%
Days on Market (Pending Sale) ...........................
78
108
53
54
-30.8%
Month’s Supply of Inventory ................................
3.8
3.8
1.9
2.4
-36.6%
Percent Under Contract ........................................
21.7%
53.3%
40.0%
52.9%
143.5%
Average Median Price for Last 12 Months ........
$1,287,917
$1,699,667
$1,916,667
$1,561,077
21.2%
*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
$1.777
SEP
$1,420,000
OCT NOV
MEDIAN SALES PRICE
DEC
$558
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.420 M E 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 2017
telesproperties.com
Valley Village DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,083,000
$815,000
$1,050,000
$1,089,000
0.6%
Average Price per Square Foot ...........................
$473
$429
$576
$513
8.5%
Properties Sold .......................................................
17
10
17
25
47.1%
Properties Pending Sale .......................................
20
16
16
12
-40.0%
Properties For Sale ................................................
39
24
34
28
-28.2%
Days on Market (Pending Sale) ...........................
45
68
38
53
17.8%
Month’s Supply of Inventory ................................
2.3
2.4
2
1.1
-51.2%
Percent Under Contract ........................................
51.3%
66.7%
47.1%
42.9%
-16.4%
Average Median Price for Last 12 Months ........
$872,583
$971,333
$1,016,667
$943,077
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.083
SEP
$1,089,000
OCT NOV
MEDIAN SALES PRICE
DEC
$513
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.089 M E 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 2017
telesproperties.com
Westlake Village DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,553,000
$1,373,000
$1,120,000
$1,308,000
-15.8%
Average Price per Square Foot ...........................
$419
$426
$411
$443
5.7%
Properties Sold .......................................................
34
16
36
32
-5.9%
Properties Pending Sale .......................................
31
23
38
39
25.8%
Properties For Sale ................................................
134
93
111
101
-24.6%
Days on Market (Pending Sale) ...........................
65
70
70
58
-10.8%
Month’s Supply of Inventory ................................
3.9
5.8
3.1
3.2
-19.9%
Percent Under Contract ........................................
23.1%
24.7%
34.2%
38.6%
66.9%
Average Median Price for Last 12 Months ........
$1,151,917
$1,162,167
$1,122,333
$1,221,692
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
$1.553
SEP
$1,308,000
OCT NOV
MEDIAN SALES PRICE
DEC
$443
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.308 M E 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 2017
telesproperties.com
Woodland Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$733,000
$770,000
$830,000
$805,000
9.8%
Average Price per Square Foot ...........................
$360
$358
$373
$390
8.3%
Properties Sold .......................................................
57
33
69
92
61.4%
Properties Pending Sale .......................................
83
58
79
90
8.4%
Properties For Sale ................................................
193
119
137
167
-13.5%
Days on Market (Pending Sale) ...........................
47
96
47
55
17.0%
Month’s Supply of Inventory ................................
3.4
3.6
2
1.8
-46.4%
Percent Under Contract ........................................
43.0%
48.7%
57.7%
53.9%
25.3%
Average Median Price for Last 12 Months ........
$764,083
$920,167
$805,000
$832,154
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
$733
SEP
$805,000
OCT NOV
MEDIAN SALES PRICE
DEC
$390
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
San Gabriel Valley Macro Market DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,020,417
$1,057,833
$1,050,167
$1,104,333
8.2%
Average Price per Square Foot ...........................
$534
$530
$550
$555
3.9%
Properties Sold .......................................................
30
15
27
27
-7.9%
Properties Pending Sale .......................................
31
21
31
30
-0.8%
Properties For Sale ................................................
70
49
59
74
5.8%
Days on Market (Pending Sale) ...........................
48
58
46
35
-25.6%
Month’s Supply of Inventory ................................
2.4
3.3
2.2
2.7
14.9%
Percent Under Contract ........................................
43.7%
41.9%
52.3%
41.0%
-6.3%
Average Median Price for Last 12 Months ........
$1,012,611
$1,073,042
$1,092,389
$1,061,949
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
$1.020
SEP
$1,104,333
OCT NOV
MEDIAN SALES PRICE
DEC
$555
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.104 M E 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 2017
telesproperties.com
Alhambra DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$624,000
$634,000
$694,000
$699,000
12.0%
Average Price per Square Foot ...........................
$436
$444
$438
$437
0.2%
Properties Sold .......................................................
26
14
13
23
-11.5%
Properties Pending Sale .......................................
20
17
23
29
45.0%
Properties For Sale ................................................
40
33
25
23
-42.5%
Days on Market (Pending Sale) ...........................
44
60
30
27
-38.6%
Month’s Supply of Inventory ................................
1.5
2.4
1.9
1
-35.0%
Percent Under Contract ........................................
50.0%
51.5%
92.0%
126.1%
152.2%
Average Median Price for Last 12 Months ........
$592,833
$670,333
$692,000
$660,000
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$624
SEP
$699,000
OCT NOV
MEDIAN SALES PRICE
DEC
$437
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$699 M E 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 2017
telesproperties.com
Altadena DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$745,000
$760,000
$825,000
$1,288,000
72.9%
Average Price per Square Foot ...........................
$468
$464
$480
$539
15.2%
Properties Sold .......................................................
51
23
35
41
-19.6%
Properties Pending Sale .......................................
48
32
40
40
-16.7%
Properties For Sale ................................................
54
34
43
228
322.2%
Days on Market (Pending Sale) ...........................
56
54
46
35
-37.5%
Month’s Supply of Inventory ................................
1.1
1.5
1.2
5.6
425.2%
Percent Under Contract ........................................
88.9%
94.1%
93.0%
17.5%
-80.3%
Average Median Price for Last 12 Months ........
$715,000
$899,833
$971,333
$829,615
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$745
SEP
$1,288,000
OCT NOV
MEDIAN SALES PRICE
DEC
$539
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.288 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Arcadia DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,335,000
$1,263,000
$1,059,000
$1,288,000
-3.5%
Average Price per Square Foot ...........................
$521
$546
$557
$539
3.5%
Properties Sold .......................................................
44
24
40
41
-6.8%
Properties Pending Sale .......................................
59
32
49
40
-32.2%
Properties For Sale ................................................
233
181
215
228
-2.1%
Days on Market (Pending Sale) ...........................
69
60
58
35
-49.3%
Month’s Supply of Inventory ................................
5.3
7.5
5.4
5.6
5.0%
Percent Under Contract ........................................
25.3%
17.7%
22.8%
17.5%
-30.7%
Average Median Price for Last 12 Months ........
$1,285,667
$1,200,667
$1,297,000
$1,272,154
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.335
SEP
$1,288,000
OCT NOV
MEDIAN SALES PRICE
DEC
$539
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.288 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Duarte DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$445,000
$463,000
$500,000
$519,000
16.6%
Average Price per Square Foot ...........................
$367
$359
$410
$409
11.4%
Properties Sold .......................................................
16
5
11
16
0.0%
Properties Pending Sale .......................................
15
11
20
18
20.0%
Properties For Sale ................................................
37
22
17
26
-29.7%
Days on Market (Pending Sale) ...........................
58
55
29
20
-65.5%
Month’s Supply of Inventory ................................
2.3
4.4
1.5
1.6
-29.7%
Percent Under Contract ........................................
40.5%
50.0%
117.6%
69.2%
70.8%
Average Median Price for Last 12 Months ........
$469,833
$492,667
$518,667
$484,308
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
$445
SEP
$519,000
OCT NOV
MEDIAN SALES PRICE
DEC
$409
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$519 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Eagle Rock DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$785,000
$628,000
$790,000
$900,000
14.6%
Average Price per Square Foot ...........................
$545
$530
$526
$613
12.5%
Properties Sold .......................................................
19
2
4
7
-63.2%
Properties Pending Sale .......................................
17
6
9
7
-58.8%
Properties For Sale ................................................
29
8
16
9
-69.0%
Days on Market (Pending Sale) ...........................
36
47
101
48
33.3%
Month’s Supply of Inventory ................................
1.5
4
4
1.3
-15.8%
Percent Under Contract ........................................
58.6%
75.0%
56.2%
77.8%
32.7%
Average Median Price for Last 12 Months ........
$747,417
$819,000
$868,000
$803,615
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$785
SEP
$900,000
OCT NOV
MEDIAN SALES PRICE
DEC
$613
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
La Canada Flintridge DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,800,000
$1,537,000
$1,810,000
$1,650,000
-8.3%
Average Price per Square Foot ...........................
$632
$613
$664
$661
4.6%
Properties Sold .......................................................
25
12
25
26
4.0%
Properties Pending Sale .......................................
21
16
34
24
14.3%
Properties For Sale ................................................
54
41
46
45
-16.7%
Days on Market (Pending Sale) ...........................
50
61
56
43
-14.0%
Month’s Supply of Inventory ................................
2.2
3.4
1.8
1.7
-19.9%
Percent Under Contract ........................................
38.9%
39.0%
73.9%
53.3%
37.1%
Average Median Price for Last 12 Months ........
$1,629,083
$1,795,333
$1,762,667
$1,804,538
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
$1.800
SEP
$1,650,000
OCT NOV
MEDIAN SALES PRICE
DEC
$661
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Monrovia DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$585,000
$632,000
$617,000
$655,000
12.0%
Average Price per Square Foot ...........................
$421
$377
$399
$445
5.7%
Properties Sold .......................................................
25
16
22
23
-8.0%
Properties Pending Sale .......................................
26
21
15
19
-26.9%
Properties For Sale ................................................
59
38
42
50
-15.3%
Days on Market (Pending Sale) ...........................
27
64
29
22
-18.5%
Month’s Supply of Inventory ................................
2.4
2.4
1.9
2.2
-7.9%
Percent Under Contract ........................................
44.1%
55.3%
35.7%
38.0%
-13.8%
Average Median Price for Last 12 Months ........
$641,833
$704,333
$722,333
$667,231
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$585
SEP
$655,000
OCT NOV
MEDIAN SALES PRICE
DEC
$445
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 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 2017
telesproperties.com
Pasadena DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$841,000
$865,000
$1,025,000
$935,000
11.2%
Average Price per Square Foot ...........................
$537
$559
$560
$573
6.7%
Properties Sold .......................................................
80
64
105
92
15.0%
Properties Pending Sale .......................................
94
67
116
108
14.9%
Properties For Sale ................................................
188
130
177
145
-22.9%
Days on Market (Pending Sale) ...........................
51
67
46
40
-21.6%
Month’s Supply of Inventory ................................
2.4
2
1.7
1.6
-32.9%
Percent Under Contract ........................................
50.0%
51.5%
65.5%
74.5%
49.0%
Average Median Price for Last 12 Months ........
$825,667
$928,500
$959,000
$883,077
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$841
SEP
$935,000
OCT NOV
MEDIAN SALES PRICE
DEC
$573
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$935 M E 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 2017
telesproperties.com
San Gabriel DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$710,000
$892,000
$722,000
$820,000
15.5%
Average Price per Square Foot ...........................
$440
$483
$483
$503
14.3%
Properties Sold .......................................................
20
9
32
27
35.0%
Properties Pending Sale .......................................
26
19
16
36
38.5%
Properties For Sale ................................................
60
38
45
51
-15.0%
Days on Market (Pending Sale) ...........................
49
62
31
33
-32.7%
Month’s Supply of Inventory ................................
3
4.2
1.4
1.9
-37.0%
Percent Under Contract ........................................
43.3%
50.0%
35.6%
70.6%
62.9%
Average Median Price for Last 12 Months ........
$728,500
$755,667
$788,333
$753,462
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$710
SEP
$820,000
OCT NOV
MEDIAN SALES PRICE
DEC
$503
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
San Marino DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,900,000
$2,700,000
$2,150,000
$2,000,000
5.3%
Average Price per Square Foot ...........................
$916
$941
$853
$790
-13.8%
Properties Sold .......................................................
17
3
15
5
-70.6%
Properties Pending Sale .......................................
19
9
16
17
-10.5%
Properties For Sale ................................................
47
34
44
49
4.3%
Days on Market (Pending Sale) ...........................
58
37
48
48
-17.2%
Month’s Supply of Inventory ................................
2.8
11.3
2.9
9.8
254.5%
Percent Under Contract ........................................
40.4%
26.5%
36.4%
34.7%
-14.2%
Average Median Price for Last 12 Months ........
$2,271,250
$2,164,167
$2,171,667
$2,190,846
-3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.900
SEP
$2,000,000
OCT NOV
MEDIAN SALES PRICE
DEC
$790
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Sierra Madre DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,290,000
$890,000
$1,100,000
$1,005,000
-22.1%
Average Price per Square Foot ...........................
$532
$454
$546
$510
-4.1%
Properties Sold .......................................................
13
3
8
7
-46.2%
Properties Pending Sale .......................................
8
5
14
8
0.0%
Properties For Sale ................................................
21
16
23
21
0.0%
Days on Market (Pending Sale) ...........................
45
65
33
32
-28.9%
Month’s Supply of Inventory ................................
1.6
5.3
2.9
3
85.7%
Percent Under Contract ........................................
38.1%
31.2%
60.9%
38.1%
0.0%
Average Median Price for Last 12 Months ........
$993,583
$1,073,833
$1,031,667
$1,080,769
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.290
AUG SEP
$1,005,000
OCT NOV
MEDIAN SALES PRICE
DEC
$510
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.005 M E 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 2017
telesproperties.com
South Pasadena DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,185,000
$1,430,000
$1,310,000
$1,493,000
26.0%
Average Price per Square Foot ...........................
$591
$589
$684
$638
8.0%
Properties Sold .......................................................
19
3
13
19
0.0%
Properties Pending Sale .......................................
14
11
16
18
28.6%
Properties For Sale ................................................
17
12
11
13
-23.5%
Days on Market (Pending Sale) ...........................
28
65
39
42
50.0%
Month’s Supply of Inventory ................................
0.9
4
0.8
0.7
-23.5%
Percent Under Contract ........................................
82.4%
91.7%
145.5%
138.5%
68.1%
Average Median Price for Last 12 Months ........
$1,250,667
$1,372,167
$1,326,000
$1,313,769
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.185
SEP
$1,493,000
OCT NOV
MEDIAN SALES PRICE
DEC
$638
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.493 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
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
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : August 2017
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : August 2017
telesproperties.com
Orange County DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$745,000
$743,000
$790,000
$780,000
4.7%
Average Price per Square Foot ...........................
$438
$460
$474
$460
5.0%
Properties Sold .......................................................
1860
1125
1991
1881
1.1%
Properties Pending Sale .......................................
1867
1552
2020
1891
1.3%
Properties For Sale ................................................
7,731
5,368
6,794
6,715
-13.1%
Days on Market (Pending Sale) ...........................
53
47
40
47
-11.3%
Month’s Supply of Inventory ................................
4.2
4.8
3.4
3.6
-14.1%
Percent Under Contract ........................................
24.1%
28.9%
29.7%
28.2%
16.6%
Average Median Price for Last 12 Months ........
$715,958
$777,667
$783,333
$756,727
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$745
SEP
$780,000
OCT NOV
MEDIAN SALES PRICE
DEC
$460
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$780 M E 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 2017
telesproperties.com
Aliso Viejo DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$820,000
$717,450
$822,500
$853,000
4.0%
Average Price per Square Foot ...........................
$382
$379
$406
$387
1.3%
Properties Sold .......................................................
25
14
32
20
-20.0%
Properties Pending Sale .......................................
26
19
26
24
-7.7%
Properties For Sale ................................................
77
55
71
66
-14.3%
Days on Market (Pending Sale) ...........................
51
20
22
30
-41.2%
Month’s Supply of Inventory ................................
3.1
3.9
2.2
3.3
7.1%
Percent Under Contract ........................................
33.8%
34.5%
36.6%
36.4%
7.7%
Average Median Price for Last 12 Months ........
$752,521
$823,333
$827,667
$806,381
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$820
SEP
$853,000
OCT NOV
MEDIAN SALES PRICE
DEC
$387
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$853 M E 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 2017
telesproperties.com
Balboa Peninsula DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,812,500
$2,150,000
$3,625,000
$2,800,000
54.5%
Average Price per Square Foot ...........................
$957
$793
$1,573
$1,393
45.6%
Properties Sold .......................................................
4
5
10
7
75.0%
Properties Pending Sale .......................................
3
19
10
2
-33.3%
Properties For Sale ................................................
53
55
41
32
-39.6%
Days on Market (Pending Sale) ...........................
237
20
89
113
-52.3%
Month’s Supply of Inventory ................................
13.2
11
4.1
4.6
-65.5%
Percent Under Contract ........................................
5.7%
34.5%
24.4%
6.2%
10.4%
Average Median Price for Last 12 Months ........
$3,397,292
$3,147,917
$2,270,833
$2,914,385
-14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.812
SEP
$2,800,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,393
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Corona del Mar - Spyglass DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,625,000
$2,944,500
$2,777,163
$2,395,000
-8.8%
Average Price per Square Foot ...........................
$988
$1,163
$1,086
$1,123
13.7%
Properties Sold .......................................................
12
9
20
9
-25.0%
Properties Pending Sale .......................................
14
11
21
14
0.0%
Properties For Sale ................................................
84
74
93
88
4.8%
Days on Market (Pending Sale) ...........................
111
41
93
80
-27.9%
Month’s Supply of Inventory ................................
7
8.2
4.6
9.8
39.7%
Percent Under Contract ........................................
16.7%
14.9%
22.6%
15.9%
-4.5%
Average Median Price for Last 12 Months ........
$2,772,792
$2,711,527
$2,794,000
$2,819,453
1.7%
*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
$2.625
SEP
$2,395,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,123
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.395 M E 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 2017
telesproperties.com
Coto de Caza DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,178,775
$1,055,000
$1,190,000
$1,232,500
4.6%
Average Price per Square Foot ...........................
$362
$375
$353
$375
3.6%
Properties Sold .......................................................
15
20
33
20
33.3%
Properties Pending Sale .......................................
25
17
25
24
-4.0%
Properties For Sale ................................................
141
96
134
123
-12.8%
Days on Market (Pending Sale) ...........................
89
49
48
69
-22.5%
Month’s Supply of Inventory ................................
9.4
4.8
4.1
6.2
-34.6%
Percent Under Contract ........................................
17.7%
17.7%
18.7%
19.5%
10.0%
Average Median Price for Last 12 Months ........
$1,186,173
$1,222,167
$1,322,667
$1,198,790
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.178
SEP
$1,232,500
OCT NOV
MEDIAN SALES PRICE
DEC
$375
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.232 M E 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 2017
telesproperties.com
Crystal Cove DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$6,950,000
$6,975,000
$7,800,000
$13,075,000
88.1%
Average Price per Square Foot ...........................
$1,169
$1,306
$1,433
$1,565
33.9%
Properties Sold .......................................................
3
4
5
2
-33.3%
Properties Pending Sale .......................................
0
2
2
4
n/a
Properties For Sale ................................................
21
21
25
23
9.5%
Days on Market (Pending Sale) ...........................
0
44
70
104
n/a
Month’s Supply of Inventory ................................
7
5.2
5
11.5
64.3%
Percent Under Contract ........................................
0.0%
9.5%
8.0%
17.4%
n/a
Average Median Price for Last 12 Months ........
$6,389,512
$8,333,333
$8,291,667
$7,818,182
22.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$6.950
SEP
$13,075,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,565
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$13.075 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 2017
telesproperties.com
Dana Point DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,217,500
$1,058,500
$1,225,000
$1,040,000
-14.6%
Average Price per Square Foot ...........................
$639
$551
$760
$533
-16.6%
Properties Sold .......................................................
44
20
25
33
-25.0%
Properties Pending Sale .......................................
31
18
43
32
3.2%
Properties For Sale ................................................
196
146
199
207
5.6%
Days on Market (Pending Sale) ...........................
96
73
67
74
-22.9%
Month’s Supply of Inventory ................................
4.5
7.3
8
6.3
40.8%
Percent Under Contract ........................................
15.8%
12.3%
21.6%
15.5%
-2.3%
Average Median Price for Last 12 Months ........
$1,042,399
$1,071,167
$1,050,667
$1,027,558
-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
$1.217
SEP
$1,040,000
OCT NOV
MEDIAN SALES PRICE
DEC
$533
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.040 M E 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 2017
telesproperties.com
East Bluff - Harbor View DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,598,000
$2,500,000
$1,840,000
$2,032,500
27.2%
Average Price per Square Foot ...........................
$679
$788
$678
$657
-3.2%
Properties Sold .......................................................
27
9
18
18
-33.3%
Properties Pending Sale .......................................
25
8
28
18
-28.0%
Properties For Sale ................................................
129
80
118
106
-17.8%
Days on Market (Pending Sale) ...........................
81
60
103
68
-16.0%
Month’s Supply of Inventory ................................
4.8
8.9
6.6
5.9
23.3%
Percent Under Contract ........................................
19.4%
10.0%
23.7%
17.0%
-12.4%
Average Median Price for Last 12 Months ........
$1,825,358
$1,917,500
$2,009,167
$1,911,778
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.598
SEP
$2,032,500
OCT NOV
MEDIAN SALES PRICE
DEC
$657
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.032 M E 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 2017
telesproperties.com
East Costa Mesa DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,181,900
$1,070,000
$1,022,000
$1,050,000
-11.2%
Average Price per Square Foot ...........................
$544
$555
$579
$593
9.0%
Properties Sold .......................................................
21
16
18
19
-9.5%
Properties Pending Sale .......................................
20
18
29
17
-15.0%
Properties For Sale ................................................
64
46
69
71
10.9%
Days on Market (Pending Sale) ...........................
58
54
42
51
-12.1%
Month’s Supply of Inventory ................................
3
2.9
3.8
3.7
22.6%
Percent Under Contract ........................................
31.2%
39.1%
42.0%
23.9%
-23.4%
Average Median Price for Last 12 Months ........
$1,020,907
$1,014,833
$1,022,500
$1,026,935
0.6%
*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
$1.181
SEP
$1,050,000
OCT NOV
MEDIAN SALES PRICE
DEC
$593
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 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 2017
telesproperties.com
Fountain Valley DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$760,000
$767,500
$760,000
$770,000
1.3%
Average Price per Square Foot ...........................
$383
$384
$393
$388
1.3%
Properties Sold .......................................................
43
17
23
27
-37.2%
Properties Pending Sale .......................................
26
26
35
32
23.1%
Properties For Sale ................................................
78
51
72
64
-17.9%
Days on Market (Pending Sale) ...........................
29
41
18
27
-6.9%
Month’s Supply of Inventory ................................
1.8
3
3.1
2.4
30.7%
Percent Under Contract ........................................
33.3%
51.0%
48.6%
50.0%
50.0%
Average Median Price for Last 12 Months ........
$723,367
$786,292
$774,667
$775,592
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$760
SEP
$770,000
OCT NOV
MEDIAN SALES PRICE
DEC
$388
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Huntington Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$820,000
$791,000
$880,000
$900,000
9.8%
Average Price per Square Foot ...........................
$477
$471
$488
$501
5.0%
Properties Sold .......................................................
129
76
127
131
1.6%
Properties Pending Sale .......................................
138
92
103
117
-15.2%
Properties For Sale ................................................
430
252
333
349
-18.8%
Days on Market (Pending Sale) ...........................
55
37
34
42
-23.6%
Month’s Supply of Inventory ................................
3.3
3.3
2.6
2.7
-20.1%
Percent Under Contract ........................................
32.1%
36.5%
30.9%
33.5%
4.5%
Average Median Price for Last 12 Months ........
$807,250
$865,000
$896,667
$836,423
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$820
SEP
$900,000
OCT NOV
MEDIAN SALES PRICE
DEC
$501
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Irvine DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,086,000
$1,130,000
$1,142,000
$1,150,000
5.9%
Average Price per Square Foot ...........................
$473
$475
$519
$483
2.1%
Properties Sold .......................................................
113
74
118
136
20.4%
Properties Pending Sale .......................................
105
106
105
122
16.2%
Properties For Sale ................................................
515
363
458
475
-7.8%
Days on Market (Pending Sale) ...........................
66
36
39
53
-19.7%
Month’s Supply of Inventory ................................
4.6
4.9
3.9
3.5
-23.4%
Percent Under Contract ........................................
20.4%
29.2%
22.9%
25.7%
26.0%
Average Median Price for Last 12 Months ........
$1,006,669
$1,101,833
$1,088,833
$1,089,153
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
$1.086
SEP
$1,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$483
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.5 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 2017
telesproperties.com
Ladera Ranch DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$915,000
$840,000
$779,000
$895,000
-2.2%
Average Price per Square Foot ...........................
$317
$362
$350
$374
18.0%
Properties Sold .......................................................
29
15
27
27
-6.9%
Properties Pending Sale .......................................
32
22
31
33
3.1%
Properties For Sale ................................................
146
87
130
131
-10.3%
Days on Market (Pending Sale) ...........................
65
33
32
50
-23.1%
Month’s Supply of Inventory ................................
5
5.8
4.8
4.9
-3.6%
Percent Under Contract ........................................
21.9%
25.3%
23.8%
25.2%
14.9%
Average Median Price for Last 12 Months ........
$855,363
$920,575
$923,150
$897,765
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$915
SEP
$895,000
OCT NOV
MEDIAN SALES PRICE
DEC
$374
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$895 M E 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 2017
telesproperties.com
Laguna Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,700,000
$2,025,000
$1,925,000
$1,865,000
9.7%
Average Price per Square Foot ...........................
$1,287
$1,149
$1,113
$1,290
0.2%
Properties Sold .......................................................
27
20
39
30
11.1%
Properties Pending Sale .......................................
32
28
26
33
3.1%
Properties For Sale ................................................
294
200
254
284
-3.4%
Days on Market (Pending Sale) ...........................
83
96
70
66
-20.5%
Month’s Supply of Inventory ................................
10.9
10
6.5
9.5
-13.1%
Percent Under Contract ........................................
10.9%
14.0%
10.2%
11.6%
6.8%
Average Median Price for Last 12 Months ........
$1,981,792
$2,187,266
$1,858,333
$2,031,738
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.700
SEP
$1,865,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,290
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.865 M E 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 2017
telesproperties.com
Laguna Niguel DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$858,000
$960,000
$929,500
$960,000
11.9%
Average Price per Square Foot ...........................
$413
$420
$427
$426
3.1%
Properties Sold .......................................................
77
33
76
73
-5.2%
Properties Pending Sale .......................................
54
53
60
52
-3.7%
Properties For Sale ................................................
336
208
267
253
-24.7%
Days on Market (Pending Sale) ...........................
55
44
48
42
-23.6%
Month’s Supply of Inventory ................................
4.4
6.3
3.5
3.5
-20.6%
Percent Under Contract ........................................
16.1%
25.5%
22.5%
20.6%
27.9%
Average Median Price for Last 12 Months ........
$866,854
$944,950
$946,667
$909,362
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
$858
SEP
$960,000
OCT NOV
MEDIAN SALES PRICE
DEC
$426
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$960 M E 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 2017
telesproperties.com
Laguna Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$867,500
$786,256
$865,000
$797,500
-8.1%
Average Price per Square Foot ...........................
$386
$367
$368
$371
-3.9%
Properties Sold .......................................................
28
15
32
26
-7.1%
Properties Pending Sale .......................................
23
20
33
38
65.2%
Properties For Sale ................................................
133
88
125
112
-15.8%
Days on Market (Pending Sale) ...........................
55
72
30
67
21.8%
Month’s Supply of Inventory ................................
4.8
5.9
3.9
4.3
-9.3%
Percent Under Contract ........................................
17.3%
22.7%
26.4%
33.9%
96.2%
Average Median Price for Last 12 Months ........
$821,373
$840,667
$855,833
$833,047
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
$867
SEP
$797,500
OCT NOV
MEDIAN SALES PRICE
DEC
$371
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Laguna Woods DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
0
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$196,417
n/a
n/a
n/a
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
n/a 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 2017
telesproperties.com
Lantern Village in Dana Point DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,051,500
$1,065,000
$1,646,500
$1,110,000
5.6%
Average Price per Square Foot ...........................
$517
$437
$851
$568
9.9%
Properties Sold .......................................................
6
2
2
6
0.0%
Properties Pending Sale .......................................
5
3
4
6
20.0%
Properties For Sale ................................................
25
20
23
33
32.0%
Days on Market (Pending Sale) ...........................
37
21
14
17
-54.1%
Month’s Supply of Inventory ................................
4.2
10
11.5
5.5
32.0%
Percent Under Contract ........................................
20.0%
15.0%
17.4%
18.2%
-9.1%
Average Median Price for Last 12 Months ........
$968,958
$1,118,583
$1,045,833
$991,308
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
$1.051
SEP
$1,110,000
OCT NOV
MEDIAN SALES PRICE
DEC
$568
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.110 M E 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 2017
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$3,075,000
$3,805,800
$2,929,350
$3,800,000
23.6%
Average Price per Square Foot ...........................
$1,131
$1,196
$1,201
$1,224
8.2%
Properties Sold .......................................................
4
6
8
6
50.0%
Properties Pending Sale .......................................
6
2
8
2
-66.7%
Properties For Sale ................................................
38
28
37
35
-7.9%
Days on Market (Pending Sale) ...........................
121
28
54
101
-16.5%
Month’s Supply of Inventory ................................
9.5
4.7
4.6
5.8
-38.6%
Percent Under Contract ........................................
15.8%
7.1%
21.6%
5.7%
-63.8%
Average Median Price for Last 12 Months ........
$3,142,250
$3,505,142
$3,595,833
$3,332,050
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$3.075
SEP
$3,800,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,224
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Mission Viejo DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$696,000
$737,250
$750,000
$740,000
6.3%
Average Price per Square Foot ...........................
$344
$358
$357
$369
7.3%
Properties Sold .......................................................
101
56
101
98
-3.0%
Properties Pending Sale .......................................
104
96
112
88
-15.4%
Properties For Sale ................................................
331
221
293
260
-21.5%
Days on Market (Pending Sale) ...........................
50
33
36
44
-12.0%
Month’s Supply of Inventory ................................
3.3
3.9
2.9
2.7
-19.0%
Percent Under Contract ........................................
31.4%
43.4%
38.2%
33.8%
7.7%
Average Median Price for Last 12 Months ........
$671,992
$735,292
$737,917
$718,515
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
$696
SEP
$740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$369
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 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 2017
telesproperties.com
Monarch Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,697,500
$1,090,000
$1,400,000
$1,490,000
-12.2%
Average Price per Square Foot ...........................
$847
$539
$863
$695
-17.9%
Properties Sold .......................................................
18
6
11
10
-44.4%
Properties Pending Sale .......................................
11
6
17
11
0.0%
Properties For Sale ................................................
88
73
93
86
-2.3%
Days on Market (Pending Sale) ...........................
142
154
87
106
-25.4%
Month’s Supply of Inventory ................................
4.9
12.2
8.5
8.6
75.9%
Percent Under Contract ........................................
12.5%
8.2%
18.3%
12.8%
2.3%
Average Median Price for Last 12 Months ........
$1,807,177
$1,814,695
$1,516,891
$1,718,157
-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
$1.697
SEP
$1,490,000
OCT NOV
MEDIAN SALES PRICE
DEC
$695
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.490 M E 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 2017
telesproperties.com
Nelle Gail DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$887,500
$798,128
$865,000
$797,500
-10.1%
Average Price per Square Foot ...........................
$388
$369
$368
$371
-4.4%
Properties Sold .......................................................
26
14
32
26
0.0%
Properties Pending Sale .......................................
23
18
32
37
60.9%
Properties For Sale ................................................
130
84
124
110
-15.4%
Days on Market (Pending Sale) ...........................
55
78
31
69
25.5%
Month’s Supply of Inventory ................................
5
6
3.9
4.2
-15.4%
Percent Under Contract ........................................
17.7%
21.4%
25.8%
33.6%
90.1%
Average Median Price for Last 12 Months ........
$827,224
$851,433
$858,333
$848,544
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
$887
SEP
$797,500
OCT NOV
MEDIAN SALES PRICE
DEC
$371
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Newport Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,795,000
$2,382,500
$2,400,000
$2,400,000
33.7%
Average Price per Square Foot ...........................
$769
$914
$915
$953
23.9%
Properties Sold .......................................................
61
32
71
68
11.5%
Properties Pending Sale .......................................
61
41
71
62
1.6%
Properties For Sale ................................................
415
278
361
344
-17.1%
Days on Market (Pending Sale) ...........................
86
66
88
77
-10.5%
Month’s Supply of Inventory ................................
6.8
8.7
5.1
5.1
-25.6%
Percent Under Contract ........................................
14.7%
14.7%
19.7%
18.0%
22.6%
Average Median Price for Last 12 Months ........
$1,962,108
$2,235,417
$2,215,833
$2,104,269
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.795
SEP
$2,400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$953
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.400 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 2017
telesproperties.com
Newport Coast DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$4,375,000
$3,900,000
$3,945,000
$5,150,000
17.7%
Average Price per Square Foot ...........................
$974
$1,118
$1,113
$1,066
9.4%
Properties Sold .......................................................
13
16
20
9
-30.8%
Properties Pending Sale .......................................
8
19
13
25
212.5%
Properties For Sale ................................................
109
107
114
114
4.6%
Days on Market (Pending Sale) ...........................
76
99
97
74
-2.6%
Month’s Supply of Inventory ................................
8.4
6.7
5.7
12.7
51.1%
Percent Under Contract ........................................
7.3%
17.8%
11.4%
21.9%
198.8%
Average Median Price for Last 12 Months ........
$2,987,422
$4,232,917
$5,033,333
$3,640,087
21.8%
*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
$4.375
SEP
$5,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,066
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
12.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$5.150 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 2017
telesproperties.com
Newport Heights DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,741,250
$2,925,000
$2,703,000
$1,990,000
14.3%
Average Price per Square Foot ...........................
$685
$756
$700
$749
9.3%
Properties Sold .......................................................
4
2
7
6
50.0%
Properties Pending Sale .......................................
6
7
4
11
83.3%
Properties For Sale ................................................
54
28
37
53
-1.9%
Days on Market (Pending Sale) ...........................
66
50
135
69
4.5%
Month’s Supply of Inventory ................................
13.5
14
5.3
8.8
-34.6%
Percent Under Contract ........................................
11.1%
25.0%
10.8%
20.8%
86.8%
Average Median Price for Last 12 Months ........
$1,406,313
$2,392,250
$2,716,833
$2,232,625
58.8%
*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
$1.741
SEP
$1,990,000
OCT NOV
MEDIAN SALES PRICE
DEC
$749
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Rancho Santa Margarita DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$747,500
$730,000
$768,500
$827,000
10.6%
Average Price per Square Foot ...........................
$338
$323
$354
$349
3.3%
Properties Sold .......................................................
52
21
61
48
-7.7%
Properties Pending Sale .......................................
40
39
62
37
-7.5%
Properties For Sale ................................................
164
93
152
126
-23.2%
Days on Market (Pending Sale) ...........................
54
34
31
29
-46.3%
Month’s Supply of Inventory ................................
3.2
4.4
2.5
2.6
-16.8%
Percent Under Contract ........................................
24.4%
41.9%
40.8%
29.4%
20.4%
Average Median Price for Last 12 Months ........
$716,313
$776,750
$817,333
$750,615
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$747
SEP
$827,000
OCT NOV
MEDIAN SALES PRICE
DEC
$349
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$827 M E 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 2017
telesproperties.com
San Clemente DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$945,121
$877,500
$975,000
$949,500
0.5%
Average Price per Square Foot ...........................
$401
$393
$441
$448
11.7%
Properties Sold .......................................................
71
35
82
72
1.4%
Properties Pending Sale .......................................
76
52
61
86
13.2%
Properties For Sale ................................................
378
239
308
315
-16.7%
Days on Market (Pending Sale) ...........................
58
57
48
59
1.7%
Month’s Supply of Inventory ................................
5.3
6.8
3.8
4.4
-17.8%
Percent Under Contract ........................................
20.1%
21.8%
19.8%
27.3%
35.8%
Average Median Price for Last 12 Months ........
$930,254
$978,258
$968,200
$946,513
1.7%
*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
$945
SEP
$949,500
OCT NOV
MEDIAN SALES PRICE
DEC
$448
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
San Juan Capistrano DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$920,000
$840,000
$979,000
$937,500
1.9%
Average Price per Square Foot ...........................
$395
$391
$395
$367
-7.1%
Properties Sold .......................................................
29
23
42
30
3.4%
Properties Pending Sale .......................................
42
36
39
36
-14.3%
Properties For Sale ................................................
214
147
185
186
-13.1%
Days on Market (Pending Sale) ...........................
78
71
64
75
-3.8%
Month’s Supply of Inventory ................................
7.4
6.4
4.4
6.2
-16.0%
Percent Under Contract ........................................
19.6%
24.5%
21.1%
19.4%
-1.4%
Average Median Price for Last 12 Months ........
$962,272
$1,049,083
$1,084,167
$980,923
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$920
SEP
$937,500
OCT NOV
MEDIAN SALES PRICE
DEC
$367
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$937 M E 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 2017
telesproperties.com
Shady Canyon DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,710,000
$1,880,000
$2,520,000
$1,600,000
-6.4%
Average Price per Square Foot ...........................
$599
$637
$699
$582
-2.8%
Properties Sold .......................................................
18
7
20
17
-5.6%
Properties Pending Sale .......................................
17
12
9
15
-11.8%
Properties For Sale ................................................
107
84
89
100
-6.5%
Days on Market (Pending Sale) ...........................
103
57
63
47
-54.4%
Month’s Supply of Inventory ................................
5.9
12
4.4
5.9
-1.0%
Percent Under Contract ........................................
15.9%
14.3%
10.1%
15.0%
-5.6%
Average Median Price for Last 12 Months ........
$1,869,767
$2,018,982
$1,806,695
$1,886,761
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.710
SEP
$1,600,000
OCT NOV
MEDIAN SALES PRICE
DEC
$582
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 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 2017
telesproperties.com
Turtle Ridge DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,710,000
$2,550,000
$2,152,500
$1,585,000
-41.5%
Average Price per Square Foot ...........................
$705
$679
$696
$604
-14.3%
Properties Sold .......................................................
3
1
4
2
-33.3%
Properties Pending Sale .......................................
2
2
1
4
100.0%
Properties For Sale ................................................
15
26
23
32
113.3%
Days on Market (Pending Sale) ...........................
36
57
291
56
55.6%
Month’s Supply of Inventory ................................
5
26
5.8
16
220.0%
Percent Under Contract ........................................
13.3%
7.7%
4.3%
12.5%
-6.2%
Average Median Price for Last 12 Months ........
$2,296,708
$2,183,885
$2,269,833
$2,254,372
-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 $2.710
AUG SEP
$1,585,000
OCT NOV
MEDIAN SALES PRICE
DEC
$604
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
16 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.585 M E 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 2017
telesproperties.com
Turtle Rock DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,391,500
$1,660,000
$3,216,146
$1,500,000
7.8%
Average Price per Square Foot ...........................
$569
$630
$709
$567
-0.4%
Properties Sold .......................................................
8
7
15
11
37.5%
Properties Pending Sale .......................................
12
8
6
7
-41.7%
Properties For Sale ................................................
85
46
52
33
-61.2%
Days on Market (Pending Sale) ...........................
85
50
32
26
-69.4%
Month’s Supply of Inventory ................................
10.6
6.6
3.5
3
-71.8%
Percent Under Contract ........................................
14.1%
17.4%
11.5%
21.2%
50.3%
Average Median Price for Last 12 Months ........
$1,789,967
$1,971,774
$1,454,000
$1,795,934
0.3%
*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
$1.391
SEP
$1,500,000
OCT NOV
MEDIAN SALES PRICE
DEC
$567
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
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 2017
telesproperties.com
Westminster DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$580,000
$627,500
$650,000
$650,000
12.1%
Average Price per Square Foot ...........................
$362
$389
$382
$391
8.0%
Properties Sold .......................................................
35
20
34
34
-2.9%
Properties Pending Sale .......................................
34
20
42
35
2.9%
Properties For Sale ................................................
104
63
96
94
-9.6%
Days on Market (Pending Sale) ...........................
33
21
22
41
24.2%
Month’s Supply of Inventory ................................
3
3.2
2.8
2.8
-7.0%
Percent Under Contract ........................................
32.7%
31.7%
43.8%
37.2%
13.9%
Average Median Price for Last 12 Months ........
$581,583
$635,833
$642,000
$624,846
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
$580
SEP
$650,000
OCT NOV
MEDIAN SALES PRICE
DEC
$391
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
West Bay - Santa Ana Heights DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,700,000
$1,311,000
$1,950,000
$1,965,000
15.6%
Average Price per Square Foot ...........................
$744
$668
$673
$753
1.2%
Properties Sold .......................................................
13
7
13
18
38.5%
Properties Pending Sale .......................................
15
10
13
13
-13.3%
Properties For Sale ................................................
75
43
67
53
-29.3%
Days on Market (Pending Sale) ...........................
73
74
51
70
-4.1%
Month’s Supply of Inventory ................................
5.8
6.1
5.2
2.9
-49.0%
Percent Under Contract ........................................
20.0%
23.3%
19.4%
24.5%
22.6%
Average Median Price for Last 12 Months ........
$1,661,167
$1,822,042
$1,877,917
$1,697,577
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.700
SEP
$1,965,000
OCT NOV
MEDIAN SALES PRICE
DEC
$753
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.965 M E 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 2017
telesproperties.com
West Newport - Lido DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$3,035,000
$4,337,500
$2,225,000
$3,100,000
2.1%
Average Price per Square Foot ...........................
$870
$1,986
$1,043
$1,411
62.2%
Properties Sold .......................................................
9
2
14
13
44.4%
Properties Pending Sale .......................................
6
11
9
16
166.7%
Properties For Sale ................................................
64
59
60
64
0.0%
Days on Market (Pending Sale) ...........................
53
84
97
91
71.7%
Month’s Supply of Inventory ................................
7.1
29.5
4.3
4.9
-30.8%
Percent Under Contract ........................................
9.4%
18.6%
15.0%
25.0%
166.7%
Average Median Price for Last 12 Months ........
$2,390,667
$2,714,583
$2,927,500
$2,751,654
15.1%
*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
$3.035
SEP
$3,100,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,411
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.100 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 2017
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 2017
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : August 2017
telesproperties.com
Carpinteria DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$807,500
$1,512,500
$873,250
$1,097,500
35.9%
Average Price per Square Foot ...........................
$559
$711
$701
$778
39.2%
Properties Sold .......................................................
6
6
6
8
33.3%
Properties Pending Sale .......................................
8
16
13
11
37.5%
Properties For Sale ................................................
46
41
47
49
6.5%
Days on Market (Pending Sale) ...........................
32
63
93
64
100.0%
Month’s Supply of Inventory ................................
7.7
6.8
7.8
6.1
-20.1%
Percent Under Contract ........................................
17.4%
39.0%
27.7%
22.4%
29.1%
Average Median Price for Last 12 Months ........
$1,008,910
$1,142,167
$1,135,917
$1,070,558
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
$807
SEP
$1,097,500
OCT NOV
MEDIAN SALES PRICE
DEC
$778
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.097 M E 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 2017
telesproperties.com
Goleta DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$890,000
$849,625
$797,000
$867,500
-2.5%
Average Price per Square Foot ...........................
$497
$543
$521
$592
19.1%
Properties Sold .......................................................
19
10
3
14
-26.3%
Properties Pending Sale .......................................
11
3
15
13
18.2%
Properties For Sale ................................................
41
24
40
34
-17.1%
Days on Market (Pending Sale) ...........................
53
9
19
27
-49.1%
Month’s Supply of Inventory ................................
2.2
2.4
13.3
2.4
12.5%
Percent Under Contract ........................................
26.8%
12.5%
37.5%
38.2%
42.5%
Average Median Price for Last 12 Months ........
$843,169
$841,875
$879,250
$837,990
-0.6%
*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
$890
SEP
$867,500
OCT NOV
MEDIAN SALES PRICE
DEC
$592
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$867 M E 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 2017
telesproperties.com
Hope Ranch DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,325,000
$2,885,000
$1,930,300
$2,100,000
-9.7%
Average Price per Square Foot ...........................
$699
$655
$1,018
$616
-11.9%
Properties Sold .......................................................
3
3
2
1
-66.7%
Properties Pending Sale .......................................
2
2
6
4
100.0%
Properties For Sale ................................................
40
47
37
38
-5.0%
Days on Market (Pending Sale) ...........................
62
82
96
415
569.4%
Month’s Supply of Inventory ................................
13.3
15.7
18.5
38
185.0%
Percent Under Contract ........................................
5.0%
4.3%
16.2%
10.5%
110.5%
Average Median Price for Last 12 Months ........
$2,944,667
$2,718,760
$3,066,333
$2,926,255
-0.6%
*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
$2.325
SEP
$2,100,000
OCT NOV
MEDIAN SALES PRICE
DEC
$616
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
38 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.100 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 2017
telesproperties.com
Montecito DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,500,000
$2,663,000
$3,200,000
$3,375,000
35.0%
Average Price per Square Foot ...........................
$896
$997
$1,010
$980
9.4%
Properties Sold .......................................................
12
12
21
28
133.3%
Properties Pending Sale .......................................
13
22
14
19
46.2%
Properties For Sale ................................................
197
185
169
174
-11.7%
Days on Market (Pending Sale) ...........................
81
84
160
90
11.1%
Month’s Supply of Inventory ................................
16.4
15.4
8
6.2
-62.1%
Percent Under Contract ........................................
6.6%
11.9%
8.3%
10.9%
65.5%
Average Median Price for Last 12 Months ........
$2,992,083
$3,163,333
$3,475,000
$2,989,654
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.500
SEP
$3,375,000
OCT NOV
MEDIAN SALES PRICE
DEC
$980
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Santa Barbara East of State DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,400,000
$1,812,500
$1,110,000
$1,529,000
9.2%
Average Price per Square Foot ...........................
$720
$707
$703
$700
-2.8%
Properties Sold .......................................................
34
22
31
33
-2.9%
Properties Pending Sale .......................................
47
35
39
35
-25.5%
Properties For Sale ................................................
184
112
132
137
-25.5%
Days on Market (Pending Sale) ...........................
62
101
51
53
-14.5%
Month’s Supply of Inventory ................................
5.4
5.1
4.3
4.2
-23.3%
Percent Under Contract ........................................
25.5%
31.2%
29.5%
25.5%
0.0%
Average Median Price for Last 12 Months ........
$1,307,594
$1,303,417
$1,323,500
$1,321,205
1.0%
*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
$1.400
SEP
$1,529,000
OCT NOV
MEDIAN SALES PRICE
DEC
$700
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.529 M E 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 2017
telesproperties.com
Santa Barbara West of State DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,145,000
$1,195,000
$1,115,500
$1,200,000
4.8%
Average Price per Square Foot ...........................
$674
$761
$778
$753
11.7%
Properties Sold .......................................................
28
14
29
19
-32.1%
Properties Pending Sale .......................................
23
21
22
21
-8.7%
Properties For Sale ................................................
103
73
79
73
-29.1%
Days on Market (Pending Sale) ...........................
44
49
30
29
-34.1%
Month’s Supply of Inventory ................................
3.7
5.2
2.7
3.8
4.4%
Percent Under Contract ........................................
22.3%
28.8%
27.8%
28.8%
28.8%
Average Median Price for Last 12 Months ........
$1,048,777
$1,140,000
$1,161,167
$1,132,915
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.145
SEP
$1,200,000
OCT NOV
MEDIAN SALES PRICE
DEC
$753
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 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 2017
telesproperties.com
Santa Ynez DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$805,000
$1,037,500
$1,175,000
$779,750
-3.1%
Average Price per Square Foot ...........................
$334
$403
$508
$449
34.4%
Properties Sold .......................................................
17
10
15
18
5.9%
Properties Pending Sale .......................................
17
26
21
28
64.7%
Properties For Sale ................................................
150
142
153
170
13.3%
Days on Market (Pending Sale) ...........................
172
136
82
87
-49.4%
Month’s Supply of Inventory ................................
8.8
14.2
10.2
9.4
7.0%
Percent Under Contract ........................................
11.3%
18.3%
13.7%
16.5%
45.3%
Average Median Price for Last 12 Months ........
$752,458
$885,820
$767,917
$839,570
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$805
SEP
$779,750
OCT NOV
MEDIAN SALES PRICE
DEC
$449
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$779 M E 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 2017
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : August 2017
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : August 2017
telesproperties.com
Carmel DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,500,000
$1,350,000
$1,700,000
$1,525,000
1.7%
Average Price per Square Foot ...........................
$765
$769
$830
$778
1.7%
Properties Sold .......................................................
19
17
21
27
42.1%
Properties Pending Sale .......................................
20
26
28
31
55.0%
Properties For Sale ................................................
182
163
175
199
9.3%
Days on Market (Pending Sale) ...........................
80
105
88
111
38.8%
Month’s Supply of Inventory ................................
9.6
9.6
8.3
7.4
-23.1%
Percent Under Contract ........................................
11.0%
16.0%
16.0%
15.6%
41.8%
Average Median Price for Last 12 Months ........
$1,467,417
$1,495,317
$1,418,967
$1,479,954
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.500
SEP
$1,525,000
OCT NOV
MEDIAN SALES PRICE
DEC
$778
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.4 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 2017
telesproperties.com
Carmel Valley DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$950,000
$1,185,000
$1,007,500
$1,040,000
9.5%
Average Price per Square Foot ...........................
$445
$474
$481
$431
-3.1%
Properties Sold .......................................................
11
8
16
9
-18.2%
Properties Pending Sale .......................................
6
10
12
10
66.7%
Properties For Sale ................................................
70
54
70
69
-1.4%
Days on Market (Pending Sale) ...........................
89
144
37
120
34.8%
Month’s Supply of Inventory ................................
6.4
6.8
4.4
7.7
20.5%
Percent Under Contract ........................................
8.6%
18.5%
17.1%
14.5%
69.1%
Average Median Price for Last 12 Months ........
$959,659
$1,055,325
$1,015,817
$1,112,265
15.9%
*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
$950
SEP
$1,040,000
OCT NOV
MEDIAN SALES PRICE
DEC
$431
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.040 M E 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 2017
telesproperties.com
Marina DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$530,000
$485,000
$541,000
$548,500
3.5%
Average Price per Square Foot ...........................
$336
$346
$337
$343
2.1%
Properties Sold .......................................................
9
6
12
14
55.6%
Properties Pending Sale .......................................
9
16
16
15
66.7%
Properties For Sale ................................................
30
38
43
47
56.7%
Days on Market (Pending Sale) ...........................
45
32
43
42
-6.7%
Month’s Supply of Inventory ................................
3.3
6.3
3.6
3.4
0.7%
Percent Under Contract ........................................
30.0%
42.1%
37.2%
31.9%
6.4%
Average Median Price for Last 12 Months ........
$470,621
$543,077
$557,000
$524,997
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$530
SEP
$548,500
OCT NOV
MEDIAN SALES PRICE
DEC
$343
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$548 M E 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 2017
telesproperties.com
Monterey DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$757,000
$695,000
$800,000
$769,500
1.7%
Average Price per Square Foot ...........................
$466
$369
$470
$483
3.6%
Properties Sold .......................................................
15
12
28
20
33.3%
Properties Pending Sale .......................................
27
13
18
15
-44.4%
Properties For Sale ................................................
119
67
89
105
-11.8%
Days on Market (Pending Sale) ...........................
52
112
40
63
21.2%
Month’s Supply of Inventory ................................
7.9
5.6
3.2
5.2
-33.8%
Percent Under Contract ........................................
22.7%
19.4%
20.2%
14.3%
-37.0%
Average Median Price for Last 12 Months ........
$732,021
$792,333
$786,333
$767,662
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
$757
SEP
$769,500
OCT NOV
MEDIAN SALES PRICE
DEC
$483
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$769 M E 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 2017
telesproperties.com
Pacific Grove DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$790,000
$1,172,000
$885,000
$787,000
-0.4%
Average Price per Square Foot ...........................
$724
$629
$691
$586
-19.1%
Properties Sold .......................................................
13
10
16
14
7.7%
Properties Pending Sale .......................................
9
16
18
14
55.6%
Properties For Sale ................................................
61
43
54
50
-18.0%
Days on Market (Pending Sale) ...........................
55
62
47
42
-23.6%
Month’s Supply of Inventory ................................
4.7
4.3
3.4
3.6
-23.9%
Percent Under Contract ........................................
14.8%
37.2%
33.3%
28.0%
89.8%
Average Median Price for Last 12 Months ........
$852,000
$918,750
$861,833
$919,154
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
$790
SEP
$787,000
OCT NOV
MEDIAN SALES PRICE
DEC
$586
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 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 2017
telesproperties.com
Pebble Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,562,500
$1,375,000
$1,755,000
$2,091,944
-18.4%
Average Price per Square Foot ...........................
$1,030
$662
$590
$787
-23.6%
Properties Sold .......................................................
14
6
12
14
0.0%
Properties Pending Sale .......................................
5
8
16
12
140.0%
Properties For Sale ................................................
85
87
101
105
23.5%
Days on Market (Pending Sale) ...........................
171
95
82
160
-6.4%
Month’s Supply of Inventory ................................
6.1
14.5
8.4
7.5
23.5%
Percent Under Contract ........................................
5.9%
9.2%
15.8%
11.4%
94.3%
Average Median Price for Last 12 Months ........
$1,633,667
$1,573,907
$1,622,315
$1,748,303
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.562
SEP
$2,091,944
OCT NOV
MEDIAN SALES PRICE
DEC
$787
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.091 M E 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 2017
telesproperties.com
Salinas DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$466,000
$440,000
$525,000
$497,275
6.7%
Average Price per Square Foot ...........................
$283
$281
$296
$313
10.6%
Properties Sold .......................................................
62
33
49
69
11.3%
Properties Pending Sale .......................................
68
55
71
59
-13.2%
Properties For Sale ................................................
215
164
196
199
-7.4%
Days on Market (Pending Sale) ...........................
56
51
51
46
-17.9%
Month’s Supply of Inventory ................................
3.5
5
4
2.9
-16.8%
Percent Under Contract ........................................
31.6%
33.5%
36.2%
29.6%
-6.3%
Average Median Price for Last 12 Months ........
$437,542
$505,588
$504,842
$480,463
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
$466
SEP
$497,275
OCT NOV
MEDIAN SALES PRICE
DEC
$313
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$497 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Seaside DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$460,000
$518,000
$482,500
$486,550
5.8%
Average Price per Square Foot ...........................
$358
$355
$339
$397
10.9%
Properties Sold .......................................................
11
11
22
19
72.7%
Properties Pending Sale .......................................
25
17
25
14
-44.0%
Properties For Sale ................................................
65
42
56
60
-7.7%
Days on Market (Pending Sale) ...........................
48
35
39
55
14.6%
Month’s Supply of Inventory ................................
5.9
3.8
2.5
3.2
-46.6%
Percent Under Contract ........................................
38.5%
40.5%
44.6%
23.3%
-39.3%
Average Median Price for Last 12 Months ........
$448,591
$513,175
$535,517
$490,927
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$460
SEP
$486,550
OCT NOV
MEDIAN SALES PRICE
DEC
$397
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$486 M E 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 2017
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : August 2017
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : August 2017
telesproperties.com
San Diego County DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$565,000
$565,000
$612,950
$611,000
8.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2179
1465
2299
2257
3.6%
Properties Pending Sale .......................................
2535
2053
2645
2289
-9.7%
Properties For Sale ................................................
8,767
5,984
7,357
7,329
-16.4%
Days on Market (Pending Sale) ...........................
42
40
33
38
-9.5%
Month’s Supply of Inventory ................................
4
4.1
3.2
3.2
-19.3%
Percent Under Contract ........................................
28.9%
34.3%
36.0%
31.2%
8.0%
Average Median Price for Last 12 Months ........
$546,479
$605,747
$616,167
$584,922
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$565
SEP
$611,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$611 M E 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 2017
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$799,450
$667,500
$820,000
$891,650
11.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
2
5
11
37.5%
Properties Pending Sale .......................................
7
11
16
13
85.7%
Properties For Sale ................................................
38
21
31
26
-31.6%
Days on Market (Pending Sale) ...........................
16
40
50
20
25.0%
Month’s Supply of Inventory ................................
4.8
10.5
6.2
2.4
-50.2%
Percent Under Contract ........................................
18.4%
52.4%
51.6%
50.0%
171.4%
Average Median Price for Last 12 Months ........
$729,038
$809,442
$820,883
$780,231
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$799
SEP
$891,650
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$891 M E 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 2017
telesproperties.com
Carlsbad DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$880,000
$878,000
$960,000
$985,000
11.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
97
57
123
97
0.0%
Properties Pending Sale .......................................
115
110
136
104
-9.6%
Properties For Sale ................................................
403
275
332
330
-18.1%
Days on Market (Pending Sale) ...........................
37
55
30
35
-5.4%
Month’s Supply of Inventory ................................
4.2
4.8
2.7
3.4
-18.1%
Percent Under Contract ........................................
28.5%
40.0%
41.0%
31.5%
10.4%
Average Median Price for Last 12 Months ........
$856,934
$955,093
$957,185
$907,235
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$880
SEP
$985,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$985 M E 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 2017
telesproperties.com
Carmel Valley DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,250,000
$1,287,500
$1,222,500
$1,220,000
-2.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
47
32
60
27
-42.6%
Properties Pending Sale .......................................
43
41
58
47
9.3%
Properties For Sale ................................................
193
126
166
153
-20.7%
Days on Market (Pending Sale) ...........................
35
51
26
28
-20.0%
Month’s Supply of Inventory ................................
4.1
3.9
2.8
5.7
38.0%
Percent Under Contract ........................................
22.3%
32.5%
34.9%
30.7%
37.9%
Average Median Price for Last 12 Months ........
$1,129,162
$1,228,667
$1,245,333
$1,212,808
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
$1.250
SEP
$1,220,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.220 M E 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 2017
telesproperties.com
Chula Vista DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$524,000
$500,000
$539,900
$550,000
5.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
163
111
151
151
-7.4%
Properties Pending Sale .......................................
207
141
181
171
-17.4%
Properties For Sale ................................................
535
372
425
457
-14.6%
Days on Market (Pending Sale) ...........................
37
33
32
33
-10.8%
Month’s Supply of Inventory ................................
3.3
3.4
2.8
3
-7.8%
Percent Under Contract ........................................
38.7%
37.9%
42.6%
37.4%
-3.3%
Average Median Price for Last 12 Months ........
$498,411
$544,358
$557,417
$528,752
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$524
SEP
$550,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
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 2017
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$574,500
$589,750
$677,500
$630,000
9.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
40
28
37
45
12.5%
Properties Pending Sale .......................................
41
31
46
39
-4.9%
Properties For Sale ................................................
116
63
84
105
-9.5%
Days on Market (Pending Sale) ...........................
30
21
17
20
-33.3%
Month’s Supply of Inventory ................................
2.9
2.2
2.3
2.3
-19.5%
Percent Under Contract ........................................
35.3%
49.2%
54.8%
37.1%
5.1%
Average Median Price for Last 12 Months ........
$569,375
$648,083
$645,000
$621,812
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
$574
SEP
$630,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$630 M E 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 2017
telesproperties.com
Coronado DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,000,000
$1,800,000
$1,650,000
$1,732,500
-13.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
17
17
22
29.4%
Properties Pending Sale .......................................
18
23
10
16
-11.1%
Properties For Sale ................................................
138
121
116
115
-16.7%
Days on Market (Pending Sale) ...........................
104
61
91
74
-28.8%
Month’s Supply of Inventory ................................
8.1
7.1
6.8
5.2
-35.6%
Percent Under Contract ........................................
13.0%
19.0%
8.6%
13.9%
6.7%
Average Median Price for Last 12 Months ........
$1,716,816
$1,726,250
$1,705,833
$1,709,712
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.000
SEP
$1,732,500
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.732 M E 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 2017
telesproperties.com
Del Mar DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,480,000
$1,625,000
$2,025,000
$2,120,625
43.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
13
11
13
19
46.2%
Properties Pending Sale .......................................
8
16
20
21
162.5%
Properties For Sale ................................................
91
83
101
122
34.1%
Days on Market (Pending Sale) ...........................
49
41
43
53
8.2%
Month’s Supply of Inventory ................................
7
7.5
7.8
6.4
-8.3%
Percent Under Contract ........................................
8.8%
19.3%
19.8%
17.2%
95.8%
Average Median Price for Last 12 Months ........
$1,876,302
$1,825,938
$1,796,875
$1,787,106
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.480
SEP
$2,120,625
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.120 M E 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 2017
telesproperties.com
El Cajon DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$479,312
$475,000
$527,500
$537,500
12.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
114
77
102
108
-5.3%
Properties Pending Sale .......................................
123
107
140
106
-13.8%
Properties For Sale ................................................
376
271
318
320
-14.9%
Days on Market (Pending Sale) ...........................
38
47
28
31
-18.4%
Month’s Supply of Inventory ................................
3.3
3.5
3.1
3
-10.2%
Percent Under Contract ........................................
32.7%
39.5%
44.0%
33.1%
1.3%
Average Median Price for Last 12 Months ........
$469,272
$514,375
$519,583
$497,120
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
$479
SEP
$537,500
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$537 M E 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 2017
telesproperties.com
Encinitas DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,150,000
$1,182,500
$1,100,000
$1,325,000
15.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
40
20
55
52
30.0%
Properties Pending Sale .......................................
48
38
59
39
-18.8%
Properties For Sale ................................................
184
130
177
133
-27.7%
Days on Market (Pending Sale) ...........................
40
36
45
68
70.0%
Month’s Supply of Inventory ................................
4.6
6.5
3.2
2.6
-44.4%
Percent Under Contract ........................................
26.1%
29.2%
33.3%
29.3%
12.4%
Average Median Price for Last 12 Months ........
$1,112,208
$1,214,158
$1,290,833
$1,207,667
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
$1.150
SEP
$1,325,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.325 M E 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 2017
telesproperties.com
Escondido DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$505,000
$525,000
$560,000
$540,000
6.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
137
81
152
165
20.4%
Properties Pending Sale .......................................
156
129
185
148
-5.1%
Properties For Sale ................................................
617
374
526
513
-16.9%
Days on Market (Pending Sale) ...........................
49
34
36
46
-6.1%
Month’s Supply of Inventory ................................
4.5
4.6
3.5
3.1
-31.0%
Percent Under Contract ........................................
25.3%
34.5%
35.2%
28.8%
14.1%
Average Median Price for Last 12 Months ........
$485,717
$539,000
$532,333
$519,885
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$505
SEP
$540,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$540 M E 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 2017
telesproperties.com
Imperial-Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$540,000
$517,000
$607,918
$585,000
8.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
5
8
19
111.1%
Properties Pending Sale .......................................
9
12
7
16
77.8%
Properties For Sale ................................................
42
34
31
42
0.0%
Days on Market (Pending Sale) ...........................
30
36
35
28
-6.7%
Month’s Supply of Inventory ................................
4.7
6.8
3.9
2.2
-52.6%
Percent Under Contract ........................................
21.4%
35.3%
22.6%
38.1%
77.8%
Average Median Price for Last 12 Months ........
$466,646
$576,570
$576,667
$553,067
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
$540
SEP
$585,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$585 M E 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 2017
telesproperties.com
La Jolla DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$2,020,000
$2,130,000
$2,455,000
$2,450,000
21.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
35
24
31
17
-51.4%
Properties Pending Sale .......................................
39
25
37
44
12.8%
Properties For Sale ................................................
289
217
253
271
-6.2%
Days on Market (Pending Sale) ...........................
81
70
53
80
-1.2%
Month’s Supply of Inventory ................................
8.3
9
8.2
15.9
93.1%
Percent Under Contract ........................................
13.5%
11.5%
14.6%
16.2%
20.3%
Average Median Price for Last 12 Months ........
$1,983,943
$2,208,417
$2,323,500
$2,056,000
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$2.020
SEP
$2,450,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
15.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
La Mesa DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$549,000
$559,000
$577,000
$599,000
9.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
59
49
72
66
11.9%
Properties Pending Sale .......................................
78
45
68
55
-29.5%
Properties For Sale ................................................
226
42
171
155
-31.4%
Days on Market (Pending Sale) ...........................
43
33
27
44
2.3%
Month’s Supply of Inventory ................................
2.9
0.9
2.5
2.3
-18.9%
Percent Under Contract ........................................
34.5%
107.1%
39.8%
35.5%
2.8%
Average Median Price for Last 12 Months ........
$500,854
$566,981
$584,796
$548,799
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$549
SEP
$599,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$599 M E 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 2017
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$526,000
$590,000
$579,000
$626,750
19.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
16
24
18
5.9%
Properties Pending Sale .......................................
23
10
26
25
8.7%
Properties For Sale ................................................
54
16
45
40
-25.9%
Days on Market (Pending Sale) ...........................
25
10
15
19
-24.0%
Month’s Supply of Inventory ................................
2.3
1.6
1.7
2.2
-5.3%
Percent Under Contract ........................................
42.6%
62.5%
57.8%
62.5%
46.7%
Average Median Price for Last 12 Months ........
$531,292
$598,025
$623,883
$573,973
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
$526
SEP
$626,750
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$626 M E 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 2017
telesproperties.com
Lemon Grove DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$415,000
$440,750
$419,000
$429,000
3.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
24
8
21
23
-4.2%
Properties Pending Sale .......................................
27
22
22
29
7.4%
Properties For Sale ................................................
55
44
42
63
14.5%
Days on Market (Pending Sale) ...........................
21
36
14
33
57.1%
Month’s Supply of Inventory ................................
2
2
1.9
2.7
34.5%
Percent Under Contract ........................................
49.1%
50.0%
52.4%
46.0%
-6.2%
Average Median Price for Last 12 Months ........
$394,833
$437,750
$440,500
$429,712
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$415
SEP
$429,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$429 M E 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 2017
telesproperties.com
National City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$385,000
$390,000
$400,000
$415,000
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
24
17
15
23
-4.2%
Properties Pending Sale .......................................
19
21
14
19
0.0%
Properties For Sale ................................................
54
48
46
52
-3.7%
Days on Market (Pending Sale) ...........................
69
40
19
27
-60.9%
Month’s Supply of Inventory ................................
2.8
2.3
3.3
2.3
-20.5%
Percent Under Contract ........................................
35.2%
43.8%
30.4%
36.5%
3.8%
Average Median Price for Last 12 Months ........
$360,958
$402,417
$412,833
$390,904
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$385
SEP
$415,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 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 2017
telesproperties.com
Oceanside DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$525,000
$495,000
$550,000
$552,000
5.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
153
93
145
163
6.5%
Properties Pending Sale .......................................
173
136
162
148
-14.5%
Properties For Sale ................................................
425
299
348
345
-18.8%
Days on Market (Pending Sale) ...........................
31
26
23
34
9.7%
Month’s Supply of Inventory ................................
2.8
3.2
2.4
2.1
-23.8%
Percent Under Contract ........................................
40.7%
45.5%
46.6%
42.9%
5.4%
Average Median Price for Last 12 Months ........
$1,003,000
$545,167
$553,667
$525,423
-90.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$525
SEP
$552,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$552 M E 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 2017
telesproperties.com
Poway DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$675,000
$720,000
$765,000
$759,950
12.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
45
39
59
52
15.6%
Properties Pending Sale .......................................
65
43
52
51
-21.5%
Properties For Sale ................................................
225
117
176
169
-24.9%
Days on Market (Pending Sale) ...........................
37
48
21
35
-5.4%
Month’s Supply of Inventory ................................
5
3
3
3.2
-35.0%
Percent Under Contract ........................................
28.9%
36.8%
29.5%
30.2%
4.5%
Average Median Price for Last 12 Months ........
$655,771
$762,617
$744,317
$711,096
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$675
SEP
$759,950
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$759 M E 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 2017
telesproperties.com
Rancho Bernardo DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$735,000
$706,000
$885,250
$849,500
15.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
105
62
114
100
-4.8%
Properties Pending Sale .......................................
123
101
131
95
-22.8%
Properties For Sale ................................................
429
47
338
269
-37.3%
Days on Market (Pending Sale) ...........................
48
27
25
32
-33.3%
Month’s Supply of Inventory ................................
4.2
4.3
5
2.7
-36.4%
Percent Under Contract ........................................
28.7%
214.9%
38.8%
35.3%
23.2%
Average Median Price for Last 12 Months ........
$726,137
$850,552
$871,521
$796,732
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
$735
SEP
$849,500
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 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 2017
telesproperties.com
San Marcos DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$610,000
$669,000
$626,500
$642,500
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
79
32
84
80
1.3%
Properties Pending Sale .......................................
96
70
92
77
-19.8%
Properties For Sale ................................................
243
135
190
193
-20.6%
Days on Market (Pending Sale) ...........................
35
23
17
28
-20.0%
Month’s Supply of Inventory ................................
3.1
4.2
2.3
2.4
-21.6%
Percent Under Contract ........................................
39.5%
51.9%
48.4%
39.9%
1.0%
Average Median Price for Last 12 Months ........
$568,446
$642,292
$653,833
$631,704
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
$610
SEP
$642,500
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$642 M E 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 2017
telesproperties.com
San Diego DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$574,000
$599,750
$631,500
$649,000
13.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
65
46
66
74
13.8%
Properties Pending Sale .......................................
71
52
88
77
8.5%
Properties For Sale ................................................
208
100
160
171
-17.8%
Days on Market (Pending Sale) ...........................
27
23
23
20
-25.9%
Month’s Supply of Inventory ................................
3.2
2.2
2.4
2.3
-27.8%
Percent Under Contract ........................................
34.1%
52.0%
55.0%
45.0%
31.9%
Average Median Price for Last 12 Months ........
$567,433
$638,157
$650,481
$613,200
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$574
SEP
$649,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$649 M E 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 2017
telesproperties.com
Santee DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$469,450
$462,500
$497,500
$525,000
11.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
40
29
44
39
-2.5%
Properties Pending Sale .......................................
62
35
41
50
-19.4%
Properties For Sale ................................................
122
68
87
100
-18.0%
Days on Market (Pending Sale) ...........................
29
38
25
21
-27.6%
Month’s Supply of Inventory ................................
3
2.3
2
2.6
-15.9%
Percent Under Contract ........................................
50.8%
51.5%
47.1%
50.0%
-1.6%
Average Median Price for Last 12 Months ........
$463,667
$506,167
$517,833
$488,646
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$469
SEP
$525,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Solana Beach DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,746,000
$1,450,000
$1,522,500
$1,510,000
-13.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
3
12
12
71.4%
Properties Pending Sale .......................................
10
8
15
16
60.0%
Properties For Sale ................................................
39
32
43
32
-17.9%
Days on Market (Pending Sale) ...........................
55
33
47
37
-32.7%
Month’s Supply of Inventory ................................
5.6
10.7
3.6
2.7
-52.1%
Percent Under Contract ........................................
25.6%
25.0%
34.9%
50.0%
95.0%
Average Median Price for Last 12 Months ........
$1,379,833
$1,488,333
$1,465,833
$1,570,154
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
$1.746
SEP
$1,510,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.510 M E 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 2017
telesproperties.com
Spring Valley DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$435,000
$445,000
$447,500
$455,000
4.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
55
47
52
57
3.6%
Properties Pending Sale .......................................
67
63
65
52
-22.4%
Properties For Sale ................................................
197
120
133
157
-20.3%
Days on Market (Pending Sale) ...........................
35
43
31
27
-22.9%
Month’s Supply of Inventory ................................
3.6
2.6
2.6
2.8
-23.1%
Percent Under Contract ........................................
34.0%
52.5%
48.9%
33.1%
-2.6%
Average Median Price for Last 12 Months ........
$411,750
$450,708
$457,250
$442,862
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$435
SEP
$455,000
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Vista DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$485,000
$519,000
$531,500
$542,500
11.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
81
63
90
88
8.6%
Properties Pending Sale .......................................
103
79
100
85
-17.5%
Properties For Sale ................................................
320
196
257
252
-21.2%
Days on Market (Pending Sale) ...........................
43
34
28
40
-7.0%
Month’s Supply of Inventory ................................
4
3.1
2.9
2.9
-27.5%
Percent Under Contract ........................................
32.2%
40.3%
38.9%
33.7%
4.8%
Average Median Price for Last 12 Months ........
$475,416
$527,167
$533,167
$509,808
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
$485
SEP
$542,500
OCT NOV
MEDIAN SALES PRICE
DEC
n/a
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Riverside County
Bermuda Dunes
La Quinta
Cathedral City
Palm Desert
Coachella
Palm Springs
Desert Hot Springs
Rancho Mirage
Indian Wells
Thousand Palms
Indio
Micro Market Report : August 2017
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : August 2017
telesproperties.com
Bermuda Dunes DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$370,000
$0
$301,250
$326,000
-11.9%
Average Price per Square Foot ...........................
$175
$0
$142
$195
11.4%
Properties Sold .......................................................
1
0
4
2
100.0%
Properties Pending Sale .......................................
3
3
0
4
33.3%
Properties For Sale ................................................
14
18
10
14
0.0%
Days on Market (Pending Sale) ...........................
197
40
0
102
-48.2%
Month’s Supply of Inventory ................................
14
n/a
2.5
7
-50.0%
Percent Under Contract ........................................
21.4%
16.7%
0.0%
28.6%
33.3%
Average Median Price for Last 12 Months ........
$199,230
$500,917
$367,667
$444,950
55.2%
*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
$370
SEP
$326,000
OCT NOV
MEDIAN SALES PRICE
DEC
$195
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$326 M E 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 2017
telesproperties.com
Cathedral City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$252,500
$253,000
$283,000
$299,950
18.8%
Average Price per Square Foot ...........................
$170
$160
$170
$173
1.8%
Properties Sold .......................................................
25
15
26
30
20.0%
Properties Pending Sale .......................................
24
14
26
22
-8.3%
Properties For Sale ................................................
121
114
126
98
-19.0%
Days on Market (Pending Sale) ...........................
84
54
48
90
7.1%
Month’s Supply of Inventory ................................
4.8
7.6
4.8
3.3
-32.5%
Percent Under Contract ........................................
19.8%
12.3%
20.6%
22.4%
13.2%
Average Median Price for Last 12 Months ........
$275,021
$292,325
$306,650
$284,892
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$252
SEP
$299,950
OCT NOV
MEDIAN SALES PRICE
DEC
$173
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$299 M E 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 2017
telesproperties.com
Coachella DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$175,500
$107,500
$245,500
$210,000
19.7%
Average Price per Square Foot ...........................
$114
$145
$126
$158
38.6%
Properties Sold .......................................................
2
2
2
2
0.0%
Properties Pending Sale .......................................
4
3
4
4
0.0%
Properties For Sale ................................................
12
14
15
16
33.3%
Days on Market (Pending Sale) ...........................
40
47
28
10
-75.0%
Month’s Supply of Inventory ................................
6
7
7.5
8
33.3%
Percent Under Contract ........................................
33.3%
21.4%
26.7%
25.0%
-25.0%
Average Median Price for Last 12 Months ........
$220,469
$230,150
$239,133
$215,569
-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
$175
SEP
$210,000
OCT NOV
MEDIAN SALES PRICE
DEC
$158
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$210 M E 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 2017
telesproperties.com
Desert Hot Springs DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$173,900
$175,000
$190,000
$199,900
15.0%
Average Price per Square Foot ...........................
$112
$123
$120
$135
20.5%
Properties Sold .......................................................
29
15
28
23
-20.7%
Properties Pending Sale .......................................
28
24
29
33
17.9%
Properties For Sale ................................................
166
155
160
175
5.4%
Days on Market (Pending Sale) ...........................
81
55
84
66
-18.5%
Month’s Supply of Inventory ................................
5.7
10.3
5.7
7.6
32.9%
Percent Under Contract ........................................
16.9%
15.5%
18.1%
18.9%
11.8%
Average Median Price for Last 12 Months ........
$168,236
$197,808
$201,467
$187,977
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
$173
SEP
$199,900
OCT NOV
MEDIAN SALES PRICE
DEC
$135
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$199 M E 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 2017
telesproperties.com
Indian Wells DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$830,000
$799,000
$535,000
$0
-100.0%
Average Price per Square Foot ...........................
$255
$320
$248
$0
-100.0%
Properties Sold .......................................................
1
1
5
0
-100.0%
Properties Pending Sale .......................................
1
1
0
2
100.0%
Properties For Sale ................................................
16
19
14
13
-18.8%
Days on Market (Pending Sale) ...........................
28
11
0
18
-35.7%
Month’s Supply of Inventory ................................
16
19
2.8
n/a
n/a
Percent Under Contract ........................................
6.2%
5.3%
0.0%
15.4%
146.2%
Average Median Price for Last 12 Months ........
$583,284
$922,500
$1,675,000
$819,306
28.8%
*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
$830
SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
n/a 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 2017
telesproperties.com
Indio DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$297,450
$292,000
$267,500
$265,000
-10.9%
Average Price per Square Foot ...........................
$135
$145
$142
$151
11.9%
Properties Sold .......................................................
12
16
14
15
25.0%
Properties Pending Sale .......................................
5
21
20
20
300.0%
Properties For Sale ................................................
68
96
97
87
27.9%
Days on Market (Pending Sale) ...........................
54
85
102
70
29.6%
Month’s Supply of Inventory ................................
5.7
6
6.9
5.8
2.4%
Percent Under Contract ........................................
7.4%
21.9%
20.6%
23.0%
212.6%
Average Median Price for Last 12 Months ........
$291,315
$283,167
$277,167
$272,358
-7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$297
SEP
$265,000
OCT NOV
MEDIAN SALES PRICE
DEC
$151
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$265 M E 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 2017
telesproperties.com
La Quinta DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$252,675
$380,000
$360,000
$352,500
39.5%
Average Price per Square Foot ...........................
$171
$176
$211
$210
22.8%
Properties Sold .......................................................
10
9
13
8
-20.0%
Properties Pending Sale .......................................
7
15
18
8
14.3%
Properties For Sale ................................................
98
107
103
78
-20.4%
Days on Market (Pending Sale) ...........................
33
106
68
160
384.8%
Month’s Supply of Inventory ................................
9.8
11.9
7.9
9.8
-0.5%
Percent Under Contract ........................................
7.1%
14.0%
17.5%
10.3%
43.6%
Average Median Price for Last 12 Months ........
$307,913
$366,000
$342,833
$352,590
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$252
SEP
$352,500
OCT NOV
MEDIAN SALES PRICE
DEC
$210
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$352 M E 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 2017
telesproperties.com
Palm Desert DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$426,750
$300,000
$331,000
$402,500
-5.7%
Average Price per Square Foot ...........................
$179
$230
$186
$209
16.8%
Properties Sold .......................................................
14
5
14
12
-14.3%
Properties Pending Sale .......................................
10
14
17
12
20.0%
Properties For Sale ................................................
97
98
100
78
-19.6%
Days on Market (Pending Sale) ...........................
138
74
54
80
-42.0%
Month’s Supply of Inventory ................................
6.9
19.6
7.1
6.5
-6.2%
Percent Under Contract ........................................
10.3%
14.3%
17.0%
15.4%
49.2%
Average Median Price for Last 12 Months ........
$435,039
$363,583
$372,333
$349,088
-24.6%
*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
$426
SEP
$402,500
OCT NOV
MEDIAN SALES PRICE
DEC
$209
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$402 M E 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 2017
telesproperties.com
Palm Springs DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$552,500
$565,000
$600,000
$625,000
13.1%
Average Price per Square Foot ...........................
$309
$295
$335
$331
7.1%
Properties Sold .......................................................
68
67
81
67
-1.5%
Properties Pending Sale .......................................
57
93
100
64
12.3%
Properties For Sale ................................................
427
466
456
372
-12.9%
Days on Market (Pending Sale) ...........................
114
99
80
64
-43.9%
Month’s Supply of Inventory ................................
6.3
7
5.6
5.6
-11.6%
Percent Under Contract ........................................
13.3%
20.0%
21.9%
17.2%
28.9%
Average Median Price for Last 12 Months ........
$571,167
$610,075
$617,667
$592,381
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$552
SEP
$625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$331
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Rancho Mirage DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$462,000
$600,000
$600,000
$542,500
17.4%
Average Price per Square Foot ...........................
$185
$294
$335
$264
42.7%
Properties Sold .......................................................
5
16
81
23
360.0%
Properties Pending Sale .......................................
6
17
100
11
83.3%
Properties For Sale ................................................
105
166
456
108
2.9%
Days on Market (Pending Sale) ...........................
138
120
80
94
-31.9%
Month’s Supply of Inventory ................................
21
10.4
5.6
4.7
-77.6%
Percent Under Contract ........................................
5.7%
10.2%
21.9%
10.2%
78.2%
Average Median Price for Last 12 Months ........
$536,010
$579,000
$569,667
$531,731
-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
$462
SEP
$542,500
OCT NOV
MEDIAN SALES PRICE
DEC
$264
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Thousand Palms DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$0
$230,000
$190,000
$104,500
n/a
Average Price per Square Foot ...........................
$0
$180
$152
$94
n/a
Properties Sold .......................................................
0
1
1
3
n/a
Properties Pending Sale .......................................
0
2
0
2
n/a
Properties For Sale ................................................
5
7
14
10
100.0%
Days on Market (Pending Sale) ...........................
0
28
0
57
n/a
Month’s Supply of Inventory ................................
n/a
3.5
n/a
3.3
n/a
Percent Under Contract ........................................
0.0%
28.6%
0.0%
20.0%
n/a
Average Median Price for Last 12 Months ........
$49,070
$118,518
$83,820
$138,684
64.6%
*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
$104,500
OCT NOV
MEDIAN SALES PRICE
DEC
$94
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$104 M E 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 2017
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 2017
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : August 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$755,000
$680,000
$865,000
$689,000
-8.7%
Average Price per Square Foot ...........................
$546
$542
$591
$668
22.3%
Properties Sold .......................................................
11
5
10
11
0.0%
Properties Pending Sale .......................................
14
6
11
10
-28.6%
Properties For Sale ................................................
35
24
28
27
-22.9%
Days on Market (Pending Sale) ...........................
52
39
30
49
-5.8%
Month’s Supply of Inventory ................................
3.2
4.8
2.8
2.5
-22.9%
Percent Under Contract ........................................
40.0%
25.0%
39.3%
37.0%
-7.4%
Average Median Price for Last 12 Months ........
$717,307
$720,502
$702,170
$734,308
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$755
SEP
$689,000
OCT NOV
MEDIAN SALES PRICE
DEC
$668
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$689 M E 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 2017
telesproperties.com
Beverly Hills DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,199,500
$957,500
$1,737,500
$1,392,500
16.1%
Average Price per Square Foot ...........................
$622
$574
$951
$730
17.4%
Properties Sold .......................................................
8
4
10
8
0.0%
Properties Pending Sale .......................................
6
10
8
13
116.7%
Properties For Sale ................................................
56
54
59
74
32.1%
Days on Market (Pending Sale) ...........................
23
44
46
51
121.7%
Month’s Supply of Inventory ................................
7
13.5
5.9
9.2
32.1%
Percent Under Contract ........................................
10.7%
18.5%
13.6%
17.6%
64.0%
Average Median Price for Last 12 Months ........
$1,228,949
$1,415,125
$1,286,500
$1,292,077
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.199
SEP
$1,392,500
OCT NOV
MEDIAN SALES PRICE
DEC
$730
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.392 M E 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 2017
telesproperties.com
Brentwood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$740,000
$876,000
$995,000
$925,000
25.0%
Average Price per Square Foot ...........................
$620
$613
$671
$653
5.3%
Properties Sold .......................................................
19
13
21
13
-31.6%
Properties Pending Sale .......................................
25
12
18
19
-24.0%
Properties For Sale ................................................
83
52
56
55
-33.7%
Days on Market (Pending Sale) ...........................
27
31
29
30
11.1%
Month’s Supply of Inventory ................................
4.4
4
2.7
4.2
-3.2%
Percent Under Contract ........................................
30.1%
23.1%
32.1%
34.5%
14.7%
Average Median Price for Last 12 Months ........
$828,333
$913,833
$922,667
$856,158
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$740
SEP
$925,000
OCT NOV
MEDIAN SALES PRICE
DEC
$653
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Culver City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$460,000
$471,250
$507,500
$525,000
14.1%
Average Price per Square Foot ...........................
$494
$473
$523
$520
5.3%
Properties Sold .......................................................
17
8
22
9
-47.1%
Properties Pending Sale .......................................
21
17
12
14
-33.3%
Properties For Sale ................................................
37
29
23
24
-35.1%
Days on Market (Pending Sale) ...........................
27
17
29
22
-18.5%
Month’s Supply of Inventory ................................
2.2
3.6
1
2.7
22.5%
Percent Under Contract ........................................
56.8%
58.6%
52.2%
58.3%
2.8%
Average Median Price for Last 12 Months ........
$449,125
$511,917
$517,167
$495,121
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
$460
SEP
$525,000
OCT NOV
MEDIAN SALES PRICE
DEC
$520
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Downtown DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$518,500
$476,500
$600,000
$625,000
20.5%
Average Price per Square Foot ...........................
$546
$618
$659
$702
28.6%
Properties Sold .......................................................
30
20
46
43
43.3%
Properties Pending Sale .......................................
41
36
38
51
24.4%
Properties For Sale ................................................
231
187
219
244
5.6%
Days on Market (Pending Sale) ...........................
49
56
49
50
2.0%
Month’s Supply of Inventory ................................
7.7
9.4
4.8
5.7
-26.3%
Percent Under Contract ........................................
17.7%
19.3%
17.4%
20.9%
17.8%
Average Median Price for Last 12 Months ........
$583,921
$623,417
$648,583
$591,096
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
$518
SEP
$625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$702
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$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 2017
telesproperties.com
Encino DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$317,000
$350,000
$378,000
$390,000
23.0%
Average Price per Square Foot ...........................
$322
$330
$320
$344
6.8%
Properties Sold .......................................................
14
13
16
19
35.7%
Properties Pending Sale .......................................
19
17
21
22
15.8%
Properties For Sale ................................................
30
24
30
28
-6.7%
Days on Market (Pending Sale) ...........................
51
47
62
50
-2.0%
Month’s Supply of Inventory ................................
2.1
1.8
1.9
1.5
-31.2%
Percent Under Contract ........................................
63.3%
70.8%
70.0%
78.6%
24.1%
Average Median Price for Last 12 Months ........
$336,500
$355,833
$372,333
$359,077
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
$317
SEP
$390,000
OCT NOV
MEDIAN SALES PRICE
DEC
$344
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$390 M E 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 2017
telesproperties.com
Malibu DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,330,000
$1,150,000
$877,500
$0
-100.0%
Average Price per Square Foot ...........................
$692
$782
$533
$0
-100.0%
Properties Sold .......................................................
3
1
2
16
433.3%
Properties Pending Sale .......................................
3
2
3
2
-33.3%
Properties For Sale ................................................
18
16
24
21
16.7%
Days on Market (Pending Sale) ...........................
144
22
0
Month’s Supply of Inventory ................................
6
16
12
1.3
-78.1%
Percent Under Contract ........................................
16.7%
12.5%
12.5%
9.5%
-42.9%
Average Median Price for Last 12 Months ........
$1,065,558
$892,800
$885,000
$1,035,444
-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
$1.330
SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.3 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 2017
telesproperties.com
Marina Del Rey DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,000,000
$850,000
$927,750
$900,000
-10.0%
Average Price per Square Foot ...........................
$657
$683
$703
$752
14.5%
Properties Sold .......................................................
17
11
26
23
35.3%
Properties Pending Sale .......................................
27
27
21
22
-18.5%
Properties For Sale ................................................
115
95
94
85
-26.1%
Days on Market (Pending Sale) ...........................
60
29
42
45
-25.0%
Month’s Supply of Inventory ................................
6.8
8.6
3.6
3.7
-45.4%
Percent Under Contract ........................................
23.5%
28.4%
22.3%
25.9%
10.2%
Average Median Price for Last 12 Months ........
$859,042
$910,607
$926,300
$917,049
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.000
SEP
$900,000
OCT NOV
MEDIAN SALES PRICE
DEC
$752
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : August 2017
telesproperties.com
Santa Monica DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$816,000
$800,000
$1,025,000
$978,000
19.9%
Average Price per Square Foot ...........................
$899
$979
$914
$1,005
11.8%
Properties Sold .......................................................
25
21
24
36
44.0%
Properties Pending Sale .......................................
30
14
37
37
23.3%
Properties For Sale ................................................
105
74
100
96
-8.6%
Days on Market (Pending Sale) ...........................
40
42
35
25
-37.5%
Month’s Supply of Inventory ................................
4.2
3.5
4.2
2.7
-36.5%
Percent Under Contract ........................................
28.6%
18.9%
37.0%
38.5%
34.9%
Average Median Price for Last 12 Months ........
$931,320
$954,167
$984,333
$915,750
-1.7%
*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
$816
SEP
$978,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,005
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 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 2017
telesproperties.com
Sherman Oaks DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$441,000
$466,000
$485,000
$540,000
22.4%
Average Price per Square Foot ...........................
$356
$349
$399
$392
10.1%
Properties Sold .......................................................
31
15
30
33
6.5%
Properties Pending Sale .......................................
38
25
36
29
-23.7%
Properties For Sale ................................................
40
28
30
24
-40.0%
Days on Market (Pending Sale) ...........................
56
45
33
52
-7.1%
Month’s Supply of Inventory ................................
1.3
1.9
1
0.7
-43.6%
Percent Under Contract ........................................
95.0%
89.3%
120.0%
120.8%
27.2%
Average Median Price for Last 12 Months ........
$450,583
$500,500
$517,667
$473,000
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$441
SEP
$540,000
OCT NOV
MEDIAN SALES PRICE
DEC
$392
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$540 M E 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 2017
telesproperties.com
Studio City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$560,000
$568,000
$622,000
$596,000
6.4%
Average Price per Square Foot ...........................
$433
$439
$463
$480
10.9%
Properties Sold .......................................................
15
8
12
20
33.3%
Properties Pending Sale .......................................
21
10
9
14
-33.3%
Properties For Sale ................................................
33
28
16
19
-42.4%
Days on Market (Pending Sale) ...........................
43
65
72
40
-7.0%
Month’s Supply of Inventory ................................
2.2
3.5
1.3
0
%
Percent Under Contract ........................................
63.6%
35.7%
56.2%
73.7%
15.8%
Average Median Price for Last 12 Months ........
$536,833
$630,167
$672,000
$599,538
11.7%
*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
$560
SEP
$596,000
OCT NOV
MEDIAN SALES PRICE
DEC
$480
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
No sales MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$596 M E 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 2017
telesproperties.com
Venice DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$1,425,000
$1,280,000
$1,175,000
$0
-100.0%
Average Price per Square Foot ...........................
$829
$866
$905
$0
-100.0%
Properties Sold .......................................................
1
3
4
11
1000.0%
Properties Pending Sale .......................................
2
1
3
5
150.0%
Properties For Sale ................................................
12
11
16
21
75.0%
Days on Market (Pending Sale) ...........................
40
21
18
0
-100.0%
Month’s Supply of Inventory ................................
12
3.7
4
1.9
-84.1%
Percent Under Contract ........................................
16.7%
9.1%
18.8%
23.8%
42.9%
Average Median Price for Last 12 Months ........
$1,125,750
$1,162,200
$1,124,250
$1,166,500
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$1.425
SEP
No sales
OCT NOV
MEDIAN SALES PRICE
DEC
No sales
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.9 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 2017
telesproperties.com
West Hollywood DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$630,000
$670,000
$678,000
$740,000
17.5%
Average Price per Square Foot ...........................
$626
$683
$661
$717
14.5%
Properties Sold .......................................................
32
25
26
39
21.9%
Properties Pending Sale .......................................
40
29
35
31
-22.5%
Properties For Sale ................................................
127
112
122
114
-10.2%
Days on Market (Pending Sale) ...........................
49
30
41
29
-40.8%
Month’s Supply of Inventory ................................
4
4.5
4.7
2.9
-26.3%
Percent Under Contract ........................................
31.5%
25.9%
28.7%
27.2%
-13.7%
Average Median Price for Last 12 Months ........
$642,688
$686,667
$712,333
$686,538
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$630
SEP
$740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$717
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 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 2017
telesproperties.com
West LA DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$725,000
$708,100
$825,000
$826,666
14.0%
Average Price per Square Foot ...........................
$550
$563
$582
$608
10.5%
Properties Sold .......................................................
16
7
17
19
18.8%
Properties Pending Sale .......................................
14
12
18
14
0.0%
Properties For Sale ................................................
44
21
38
25
-43.2%
Days on Market (Pending Sale) ...........................
37
33
21
38
2.7%
Month’s Supply of Inventory ................................
2.8
3
2.2
1.3
-52.2%
Percent Under Contract ........................................
31.8%
57.1%
47.4%
56.0%
76.0%
Average Median Price for Last 12 Months ........
$716,267
$765,986
$760,889
$774,540
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot AUG
$725
SEP
$826,666
OCT NOV
MEDIAN SALES PRICE
DEC
$608
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$826 M E 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 2017
telesproperties.com
Westwood - Century City DATA*
Aug 2016
6 month
3 month
Aug 2017
% change
Median Price ..........................................................
$796,000
$838,250
$920,000
$810,000
1.8%
Average Price per Square Foot ...........................
$662
$634
$732
$680
2.7%
Properties Sold .......................................................
50
36
51
42
-16.0%
Properties Pending Sale .......................................
58
40
64
48
-17.2%
Properties For Sale ................................................
239
188
234
214
-10.5%
Days on Market (Pending Sale) ...........................
53
37
51
51
-3.8%
Month’s Supply of Inventory ................................
4.8
5.2
4.6
5.1
6.6%
Percent Under Contract ........................................
24.3%
21.3%
27.4%
22.4%
-7.6%
Average Median Price for Last 12 Months ........
$793,543
$850,583
$869,167
$856,481
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
$796
SEP
$810,000
OCT NOV
MEDIAN SALES PRICE
DEC
$680
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$810 M E 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 2017
telesproperties.com
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