MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH August 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
READING THE REPORT
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : August 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : August 2018
LOS ANGELES COUNTY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$860,000
$795,000
$980,000
$1,000,500
16.3%
Average Price per Square Foot ..............
$627
$680
$750
$718
14.5%
Properties Sold ...................................
719
467
640
642
-10.7%
Properties Pending Sale .......................
664
609
690
694
4.5%
Properties For Sale ..............................
3,159
2,733
2,945
2,998
-5.1%
Days on Market (Pending Sale) .............
45
45
40
39
-13.2%
Month’s Supply of Inventory .................
4.4
5.9
4.6
4.7
6.3%
Percent Under Contract .......................
21.0%
22.3%
23.4%
23.1%
10.1%
$808,979
$967,558
$1,005,283
$901,651
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$860
SEP
$1,000,500
OCT NOV
MEDIAN SALES PRICE
DEC
$718
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEL-AIR HOLMBY HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,108,000
$1,900,000
$2,595,000
$4,195,000
99.0%
Average Price per Square Foot ..............
$897
$1,060
$1,701
$1,123
25.2%
Properties Sold ...................................
16
11
17
8
-50.0%
Properties Pending Sale .......................
20
12
10
17
-15.0%
Properties For Sale ..............................
183
142
175
180
-1.6%
Days on Market (Pending Sale) .............
94
87
60
103
9.9%
Month’s Supply of Inventory .................
11.4
12.9
10.3
22.5
96.7%
Percent Under Contract .......................
10.9%
8.5%
5.7%
9.4%
-13.6%
$2,100,871
$2,665,000
$2,518,333
$2,906,415
27.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.108
SEP
$4,195,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,123
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
22.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$4.195 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,725,000
$1,955,000
$1,605,000
$1,777,500
3.0%
Average Price per Square Foot ..............
$845
$773
$825
$842
-0.4%
Properties Sold ...................................
19
13
18
24
26.3%
Properties Pending Sale .......................
21
14
14
15
-28.6%
Properties For Sale ..............................
94
70
76
69
-26.6%
Days on Market (Pending Sale) .............
46
82
40
45
-2.4%
Month’s Supply of Inventory .................
4.9
5.4
4.2
2.9
-41.9%
Percent Under Contract .......................
22.3%
20.0%
18.4%
21.7%
-2.7%
$1,674,030
$1,768,230
$1,725,126
$1,720,717
2.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.725
SEP
$1,777,500
OCT NOV
MEDIAN SALES PRICE
DEC
$842
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.777 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEVERLY HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,675,500
$2,970,000
$5,685,000
$4,450,000
21.1%
Average Price per Square Foot ..............
$1,403
$1,785
$1,475
$1,433
2.1%
Properties Sold ...................................
12
7
7
13
8.3%
Properties Pending Sale .......................
14
19
9
14
0.0%
Properties For Sale ..............................
129
114
127
143
10.9%
Days on Market (Pending Sale) .............
69
76
60
61
-11.0%
Month’s Supply of Inventory .................
10.8
16.3
18.1
11
2.3%
Percent Under Contract .......................
10.9%
16.7%
7.1%
9.8%
-9.8%
$4,888,069
$5,654,771
$5,847,042
$5,691,644
14.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.675
SEP
$4,450,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,433
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$4.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEVERLY HILLS- POST OFFICE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$857
$884
$995
$916
6.9%
Average Price per Square Foot ..............
$178
$159
$175
$176
-1.1%
Properties Sold ...................................
102
73
59
68
-32.6%
Properties Pending Sale .......................
21
11
14
17
-19.0%
Properties For Sale ..............................
16
23
20
12
-25.0%
Days on Market (Pending Sale) .............
118
140
115
72
-39.0%
Month’s Supply of Inventory .................
0.2
0.3
0.3
0.2
11.3%
Percent Under Contract .......................
131.2%
47.8%
70.0%
141.7%
7.9%
$963
$985
$969
$958
-0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$0
SEP
$916
OCT NOV
MEDIAN SALES PRICE
DEC
$176
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$0 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEVERLYWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,150,000
$1,420,051
$2,080,000
$1,557,500
35.4%
Average Price per Square Foot ..............
$761
$727
$784
$764
0.4%
Properties Sold ...................................
16
8
16
24
50.0%
Properties Pending Sale .......................
14
12
17
17
21.4%
Properties For Sale ..............................
47
48
61
63
34.0%
Days on Market (Pending Sale) .............
29
42
40
41
40.0%
Month’s Supply of Inventory .................
2.9
6
3.8
2.6
-10.6%
Percent Under Contract .......................
29.8%
25.0%
27.9%
27.0%
-9.4%
$1,302,132
$1,565,461
$1,432,167
$1,537,582
15.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,557,500
OCT NOV
MEDIAN SALES PRICE
DEC
$764
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.557 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BRENTWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,465,000
$2,880,000
$3,000,000
$3,022,398
-12.8%
Average Price per Square Foot ..............
$1,022
$1,126
$1,099
$949
-7.1%
Properties Sold ...................................
23
16
23
26
13.0%
Properties Pending Sale .......................
21
19
28
22
4.8%
Properties For Sale ..............................
144
149
180
175
21.5%
Days on Market (Pending Sale) .............
58
63
62
62
8.2%
Month’s Supply of Inventory .................
6.3
9.3
7.8
6.7
7.5%
Percent Under Contract .......................
14.6%
12.8%
15.6%
12.6%
-13.8%
$3,223,848
$3,208,483
$3,274,133
$3,293,405
2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.465
SEP
$3,022,398
OCT NOV
MEDIAN SALES PRICE
DEC
$949
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.022 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,745,000
$1,801,500
$2,501,500
$2,000,000
14.6%
Average Price per Square Foot ..............
$859
$872
$877
$806
-6.2%
Properties Sold ...................................
8
4
8
15
87.5%
Properties Pending Sale .......................
6
7
7
6
0.0%
Properties For Sale ..............................
26
27
24
25
-3.8%
Days on Market (Pending Sale) .............
45
30
44
34
-24.2%
Month’s Supply of Inventory .................
3.2
6.8
3
1.7
-48.7%
Percent Under Contract .......................
23.1%
25.9%
29.2%
24.0%
4.0%
$1,912,208
$2,216,083
$2,183,333
$2,041,867
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.745
SEP
$2,000,000
OCT NOV
MEDIAN SALES PRICE
DEC
$806
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CULVER CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,184,000
$1,585,000
$1,265,200
$1,257,500
6.2%
Average Price per Square Foot ..............
$783
$804
$822
$922
17.8%
Properties Sold ...................................
27
6
22
20
-25.9%
Properties Pending Sale .......................
21
11
23
28
33.3%
Properties For Sale ..............................
75
50
68
77
2.7%
Days on Market (Pending Sale) .............
33
24
45
33
2.0%
Month’s Supply of Inventory .................
2.8
8.3
3.1
3.8
38.6%
Percent Under Contract .......................
28.0%
22.0%
33.8%
36.4%
29.9%
$1,171,417
$1,306,033
$1,303,667
$1,272,785
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.184
SEP
$1,257,500
OCT NOV
MEDIAN SALES PRICE
DEC
$922
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.257 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DOWNTOWN
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$352,500
$400,000
$427,500
$425,000
20.6%
Average Price per Square Foot ..............
$372
$498
$374
$377
1.3%
Properties Sold ...................................
10
5
8
7
-30.0%
Properties Pending Sale .......................
10
10
11
13
30.0%
Properties For Sale ..............................
74
58
63
54
-27.0%
Days on Market (Pending Sale) .............
66
27
24
27
-59.1%
Month’s Supply of Inventory .................
7.4
11.6
7.9
7.7
4.2%
Percent Under Contract .......................
13.5%
17.2%
17.5%
24.1%
78.1%
$359,029
$404,333
$398,833
$401,846
10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$352
SEP
$425,000
OCT NOV
MEDIAN SALES PRICE
DEC
$377
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$425 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HANCOCK PARK - WILSHIRE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,630,000
$1,475,000
$1,735,000
$2,278,825
39.8%
Average Price per Square Foot ..............
$634
$616
$754
$853
34.5%
Properties Sold ...................................
25
11
28
22
-12.0%
Properties Pending Sale .......................
29
17
27
23
-20.7%
Properties For Sale ..............................
108
92
106
125
15.7%
Days on Market (Pending Sale) .............
72
62
54
47
-34.2%
Month’s Supply of Inventory .................
4.3
8.4
3.8
5.7
31.5%
Percent Under Contract .......................
26.9%
18.5%
25.5%
18.4%
-31.5%
$1,653,189
$1,813,892
$1,978,700
$1,782,722
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.630
SEP
$2,278,825
OCT NOV
MEDIAN SALES PRICE
DEC
$853
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.278 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HOLLYWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,059,000
$1,135,000
$1,310,500
$660,000
-37.7%
Average Price per Square Foot ..............
$622
$751
$769
$681
9.5%
Properties Sold ...................................
13
7
12
5
-61.5%
Properties Pending Sale .......................
6
8
18
8
33.3%
Properties For Sale ..............................
54
44
47
42
-22.2%
Days on Market (Pending Sale) .............
35
46
36
42
18.4%
Month’s Supply of Inventory .................
4.2
6.3
3.9
8.4
102.2%
Percent Under Contract .......................
11.1%
18.2%
38.3%
19.0%
71.4%
$919,265
$1,138,375
$1,013,833
$1,101,212
16.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.059
AUG SEP
$660,000
OCT NOV
MEDIAN SALES PRICE
DEC
$681
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$660 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HOLLYWOOD HILLS EAST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,452,000
$1,476,000
$1,320,000
$1,510,000
4.0%
Average Price per Square Foot ..............
$596
$614
$727
$613
2.9%
Properties Sold ...................................
7
8
12
12
71.4%
Properties Pending Sale .......................
16
12
18
17
6.2%
Properties For Sale ..............................
83
77
71
74
-10.8%
Days on Market (Pending Sale) .............
97
65
38
52
-46.7%
Month’s Supply of Inventory .................
21
7
15
15
-28.6%
Percent Under Contract .......................
9191.7%
5266.7%
6425.0%
4316.7%
-53.0%
$1,411,433
$1,509,667
$1,509,333
$1,473,885
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.452
SEP
$1,510,000
OCT NOV
MEDIAN SALES PRICE
DEC
$613
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
15 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.510 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
INGLEWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$570,000
$528,500
$615,000
$662,500
16.2%
Average Price per Square Foot ..............
$385
$410
$425
$401
4.2%
Properties Sold ...................................
23
14
22
22
-4.3%
Properties Pending Sale .......................
22
21
16
27
22.7%
Properties For Sale ..............................
82
91
73
70
-14.6%
Days on Market (Pending Sale) .............
34
37
32
24
-30.3%
Month’s Supply of Inventory .................
3.7
4.3
4.6
3.2
-14.6%
Percent Under Contract .......................
26.8%
23.1%
21.9%
38.6%
43.8%
$504,315
$603,333
$611,667
$579,975
13.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$570
SEP
$662,500
OCT NOV
MEDIAN SALES PRICE
DEC
$401
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$662 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LADERA HEIGHTS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,250,000
$1,117,000
$1,092,000
$1,410,000
12.8%
Average Price per Square Foot ..............
$396
$467
$553
$513
29.5%
Properties Sold ...................................
11
4
3
3
-72.7%
Properties Pending Sale .......................
4
7
2
6
50.0%
Properties For Sale ..............................
26
26
14
24
-7.7%
Days on Market (Pending Sale) .............
43
33
87
38
-12.0%
Month’s Supply of Inventory .................
6.5
3.7
7
8
23.1%
Percent Under Contract .......................
15.4%
26.9%
14.3%
25.0%
62.5%
$1,077,271
$1,245,100
$1,344,500
$1,256,488
14.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,410,000
OCT NOV
MEDIAN SALES PRICE
DEC
$513
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.410 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LAUREL CANYON
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,575,000
$2,575,000
$1,444,500
$1,858,000
18.0%
Average Price per Square Foot ..............
$736
$884
$834
$818
11.1%
Properties Sold ...................................
27
11
30
34
25.9%
Properties Pending Sale .......................
31
28
27
31
0.0%
Properties For Sale ..............................
184
165
168
182
-1.1%
Days on Market (Pending Sale) .............
51
70
42
45
-12.2%
Month’s Supply of Inventory .................
5.9
5.9
6.2
5.9
-1.1%
Percent Under Contract .......................
16.8%
17.0%
16.1%
17.0%
1.1%
$1,659,946
$1,726,250
$1,746,833
$1,775,865
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.575
SEP
$1,858,000
OCT NOV
MEDIAN SALES PRICE
DEC
$818
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.858 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LOS FELIZ
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,625,000
$1,725,000
$1,590,000
$1,765,000
8.6%
Average Price per Square Foot ..............
$718
$806
$790
$873
21.6%
Properties Sold ...................................
19
9
19
15
-21.1%
Properties Pending Sale .......................
23
18
17
10
-56.5%
Properties For Sale ..............................
99
68
72
75
-24.2%
Days on Market (Pending Sale) .............
41
54
44
35
-14.0%
Month’s Supply of Inventory .................
4.3
3.8
4.2
5
16.2%
Percent Under Contract .......................
23.2%
26.5%
23.6%
13.3%
-42.6%
$1,643,951
$1,853,083
$1,982,833
$1,793,615
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,765,000
OCT NOV
MEDIAN SALES PRICE
DEC
$873
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.765 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MALIBU
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,323,625
$1,300,000
$3,395,000
$3,227,500
-2.9%
Average Price per Square Foot ..............
$1,240
$632
$1,140
$1,222
-1.5%
Properties Sold ...................................
22
5
20
22
0.0%
Properties Pending Sale .......................
21
13
18
15
-28.6%
Properties For Sale ..............................
232
211
246
238
2.6%
Days on Market (Pending Sale) .............
111
129
46
83
-25.4%
Month’s Supply of Inventory .................
10.5
42.2
12.3
10.8
2.6%
Percent Under Contract .......................
9.1%
6.2%
7.3%
6.3%
-30.4%
$2,994,177
$3,046,250
$2,875,833
$2,704,685
-10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.323
AUG SEP
$3,227,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,222
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.227 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MALIBU BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$6,940,000
$3,450,000
$5,612,500
$3,140,000
-54.8%
Average Price per Square Foot ..............
$2,246
$1,496
$3,132
$1,377
-38.7%
Properties Sold ...................................
3
4
4
4
33.3%
Properties Pending Sale .......................
4
2
6
5
25.0%
Properties For Sale ..............................
92
77
90
81
-12.0%
Days on Market (Pending Sale) .............
162
287
136
237
46.3%
Month’s Supply of Inventory .................
30.7
19.2
22.5
20.2
-34.0%
Percent Under Contract .......................
4.3%
2.6%
6.7%
6.2%
42.0%
$8,091,479
$6,747,083
$4,373,333
$7,548,754
-7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $6.940
AUG SEP
$3,140,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,377
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
20.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.140 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MARINA DEL REY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,314,000
$1,625,000
$1,631,000
$1,435,000
9.2%
Average Price per Square Foot ..............
$723
$781
$955
$849
17.4%
Properties Sold ...................................
10
7
4
9
-10.0%
Properties Pending Sale .......................
6
10
10
10
66.7%
Properties For Sale ..............................
35
31
39
45
28.6%
Days on Market (Pending Sale) .............
59
47
40
25
-56.7%
Month’s Supply of Inventory .................
3.5
4.4
9.8
5
42.9%
Percent Under Contract .......................
17.1%
32.3%
25.6%
22.2%
29.6%
$1,364,960
$1,454,379
$1,373,167
$1,565,444
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.314
SEP
$1,435,000
OCT NOV
MEDIAN SALES PRICE
DEC
$849
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.435 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MID LOS ANGELES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$710,000
$754,000
$900,450
$813,750
14.6%
Average Price per Square Foot ..............
$450
$506
$457
$544
20.9%
Properties Sold ...................................
43
24
44
34
-20.9%
Properties Pending Sale .......................
30
42
42
48
60.0%
Properties For Sale ..............................
139
133
123
149
7.2%
Days on Market (Pending Sale) .............
47
47
33
25
-46.9%
Month’s Supply of Inventory .................
3.2
5.5
2.8
4.4
35.6%
Percent Under Contract .......................
21.6%
31.6%
34.1%
32.2%
49.3%
$660,461
$826,450
$831,250
$774,078
14.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$813,750
OCT NOV
MEDIAN SALES PRICE
DEC
$544
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$813 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MID WILSHIRE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$865,000
$0
$1,021,000
$900,000
4.0%
Average Price per Square Foot ..............
$407
$0
$524
$426
4.7%
Properties Sold ...................................
7
0
2
2
-71.4%
Properties Pending Sale .......................
8
7
6
7
-12.5%
Properties For Sale ..............................
27
30
34
45
66.7%
Days on Market (Pending Sale) .............
65
67
20
38
-41.7%
Month’s Supply of Inventory .................
3.9
n/a
17
22.5
483.3%
Percent Under Contract .......................
29.6%
23.3%
17.6%
15.6%
-47.5%
$867,788
$1,070,167
$1,050,000
$1,048,542
17.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$865
SEP
$900,000
OCT NOV
MEDIAN SALES PRICE
DEC
$426
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
22.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PACIFIC PALISADES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,155,500
$3,420,687
$3,585,000
$3,375,000
7.0%
Average Price per Square Foot ..............
$1,059
$1,034
$1,237
$1,388
31.1%
Properties Sold ...................................
34
15
27
15
-55.9%
Properties Pending Sale .......................
25
24
23
25
0.0%
Properties For Sale ..............................
128
117
113
128
0.0%
Days on Market (Pending Sale) .............
77
46
45
60
-22.0%
Month’s Supply of Inventory .................
3.8
7.8
4.2
8.5
126.7%
Percent Under Contract .......................
19.5%
20.5%
20.4%
19.5%
0.0%
$3,274,906
$3,500,250
$3,158,333
$3,301,426
0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.155
SEP
$3,375,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,388
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.375 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PALMS - MAR VISTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,594,800
$1,595,000
$1,450,000
$1,673,000
4.9%
Average Price per Square Foot ..............
$803
$850
$838
$826
2.9%
Properties Sold ...................................
27
23
22
25
-7.4%
Properties Pending Sale .......................
31
28
31
29
-6.5%
Properties For Sale ..............................
101
79
103
107
5.9%
Days on Market (Pending Sale) .............
40
36
34
26
-34.3%
Month’s Supply of Inventory .................
3.7
3.4
4.7
4.3
14.4%
Percent Under Contract .......................
30.7%
35.4%
30.1%
27.1%
-11.7%
$1,487,485
$1,599,470
$1,597,167
$1,570,952
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.594
SEP
$1,673,000
OCT NOV
MEDIAN SALES PRICE
DEC
$826
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.673 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PLAYA DEL REY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,675,000
$1,681,775
$1,525,000
$1,745,000
4.2%
Average Price per Square Foot ..............
$758
$575
$676
$748
-1.3%
Properties Sold ...................................
6
6
7
6
0.0%
Properties Pending Sale .......................
5
5
5
4
-20.0%
Properties For Sale ..............................
23
28
34
27
17.4%
Days on Market (Pending Sale) .............
61
35
37
86
40.1%
Month’s Supply of Inventory .................
3.8
4.7
4.9
4.5
17.4%
Percent Under Contract .......................
21.7%
17.9%
14.7%
14.8%
-31.9%
$1,615,136
$1,683,750
$1,596,667
$1,616,888
0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.675
SEP
$1,745,000
OCT NOV
MEDIAN SALES PRICE
DEC
$748
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.745 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PLAYA VISTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,962,063
$0
$3,417,500
$2,399,000
-19.0%
Average Price per Square Foot ..............
$762
$0
$761
$870
14.2%
Properties Sold ...................................
4
0
2
1
-75.0%
Properties Pending Sale .......................
3
3
2
2
-33.3%
Properties For Sale ..............................
15
13
10
18
20.0%
Days on Market (Pending Sale) .............
27
4
29
7
-73.7%
Month’s Supply of Inventory .................
26.7
4
29
0.1
-99.6%
Percent Under Contract .......................
20.0%
23.1%
20.0%
11.1%
-44.4%
$2,086,839
$2,541,458
$2,585,833
$2,644,368
26.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.962
SEP
$2,399,000
OCT NOV
MEDIAN SALES PRICE
DEC
$870
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.399 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA MONICA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,302,500
$2,947,250
$2,925,000
$2,685,000
16.6%
Average Price per Square Foot ..............
$1,163
$1,021
$1,301
$1,191
2.4%
Properties Sold ...................................
22
12
24
18
-18.2%
Properties Pending Sale .......................
22
13
23
17
-22.7%
Properties For Sale ..............................
99
89
109
97
-2.0%
Days on Market (Pending Sale) .............
53
33
43
35
-34.5%
Month’s Supply of Inventory .................
4.5
7.4
4.5
5.4
19.8%
Percent Under Contract .......................
22.2%
14.6%
21.1%
17.5%
-21.1%
$2,409,854
$3,090,417
$2,958,333
$3,070,596
21.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.302
SEP
$2,685,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,191
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.685 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,632,250
$2,630,000
$1,895,000
$1,999,500
22.5%
Average Price per Square Foot ..............
$836
$1,125
$836
$955
14.2%
Properties Sold ...................................
42
25
37
44
4.8%
Properties Pending Sale .......................
43
45
44
41
-4.7%
Properties For Sale ..............................
391
364
392
353
-9.7%
Days on Market (Pending Sale) .............
63
73
54
67
6.6%
Month’s Supply of Inventory .................
9.3
14.6
10.6
8
-13.8%
Percent Under Contract .......................
11.0%
12.4%
11.2%
11.6%
5.6%
$1,768,041
$1,933,250
$1,990,667
$1,918,077
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.632
SEP
$1,999,500
OCT NOV
MEDIAN SALES PRICE
DEC
$955
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.999 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
VENICE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,857,500
$1,852,000
$2,347,500
$1,910,000
2.8%
Average Price per Square Foot ..............
$1,078
$1,237
$1,167
$1,291
19.8%
Properties Sold ...................................
20
17
16
21
5.0%
Properties Pending Sale .......................
24
15
19
14
-41.7%
Properties For Sale ..............................
105
87
118
102
-2.9%
Days on Market (Pending Sale) .............
42
76
45
57
33.7%
Month’s Supply of Inventory .................
5.2
5.1
7.4
4.9
-7.5%
Percent Under Contract .......................
22.9%
17.2%
16.1%
13.7%
-40.0%
$1,978,277
$2,190,750
$2,149,167
$2,115,308
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.857
SEP
$1,910,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,291
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.910 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST HOLLYWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,925,000
$2,712,500
$1,641,500
$1,735,000
-9.9%
Average Price per Square Foot ..............
$826
$853
$909
$913
10.5%
Properties Sold ...................................
11
8
16
12
9.1%
Properties Pending Sale .......................
15
16
9
12
-20.0%
Properties For Sale ..............................
59
57
62
63
6.8%
Days on Market (Pending Sale) .............
45
49
36
28
-36.9%
Month’s Supply of Inventory .................
5.4
7.1
3.9
5.2
-2.1%
Percent Under Contract .......................
25.4%
28.1%
14.5%
19.0%
-25.1%
$1,674,011
$1,715,667
$1,724,167
$1,868,000
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.925
SEP
$1,735,000
OCT NOV
MEDIAN SALES PRICE
DEC
$913
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST LOS ANGELES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,229,000
$1,288,000
$1,383,000
$1,478,000
20.3%
Average Price per Square Foot ..............
$811
$1,205
$687
$819
1.0%
Properties Sold ...................................
13
5
9
13
0.0%
Properties Pending Sale .......................
19
5
12
12
-36.8%
Properties For Sale ..............................
48
39
45
56
16.7%
Days on Market (Pending Sale) .............
41
55
30
31
-24.4%
Month’s Supply of Inventory .................
3.7
7.8
5
4.3
16.7%
Percent Under Contract .......................
39.6%
12.8%
26.7%
21.4%
-45.9%
$1,080,667
$1,483,333
$1,445,000
$1,387,929
28.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.229
SEP
$1,478,000
OCT NOV
MEDIAN SALES PRICE
DEC
$819
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.478 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WESTCHESTER
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,210,000
$1,242,250
$1,290,000
$1,234,375
2.0%
Average Price per Square Foot ..............
$642
$711
$707
$684
6.5%
Properties Sold ...................................
41
22
31
32
-22.0%
Properties Pending Sale .......................
24
28
39
35
45.8%
Properties For Sale ..............................
97
68
95
99
2.1%
Days on Market (Pending Sale) .............
44
34
24
28
-35.5%
Month’s Supply of Inventory .................
2.4
3.1
3.1
3.1
30.8%
Percent Under Contract .......................
24.7%
41.2%
41.1%
35.4%
42.9%
$1,104,167
$1,246,936
$1,273,125
$1,211,858
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.210
SEP
$1,234,375
OCT NOV
MEDIAN SALES PRICE
DEC
$684
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.234 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WESTWOOD - CENTURY CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,945,000
$2,282,000
$2,352,500
$1,827,500
-6.0%
Average Price per Square Foot ..............
$847
$847
$912
$915
8.0%
Properties Sold ...................................
15
9
14
8
-46.7%
Properties Pending Sale .......................
14
13
22
13
-7.1%
Properties For Sale ..............................
58
62
60
60
3.4%
Days on Market (Pending Sale) .............
45
35
39
38
-15.7%
Month’s Supply of Inventory .................
3.9
6.9
4.3
7.5
94.0%
Percent Under Contract .......................
24.1%
21.0%
36.7%
21.7%
-10.2%
$2,018,364
$2,187,000
$2,007,333
$2,195,596
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.945
SEP
$1,827,500
OCT NOV
MEDIAN SALES PRICE
DEC
$915
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.827 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SOUTH BAY MACRO MARKET
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,045,000
$1,170,000
$1,140,000
$1,138,000
8.9%
Average Price per Square Foot ..............
$670
$704
$687
$709
5.8%
Properties Sold ...................................
303
159
258
258
-14.9%
Properties Pending Sale .......................
257
190
277
235
-8.6%
Properties For Sale ..............................
1,056
739
933
931
-11.8%
Days on Market (Pending Sale) .............
33
30
29
34
1.9%
Month’s Supply of Inventory .................
3.5
4.6
3.6
3.6
3.5%
Percent Under Contract .......................
24.3%
25.7%
29.7%
25.2%
3.7%
$1,318,099
$1,179,733
$1,187,633
$1,398,784
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.045
SEP
$1,138,000
OCT NOV
MEDIAN SALES PRICE
DEC
$709
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.138 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
EL SEGUNDO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,275,000
$1,507,500
$1,260,000
$1,400,000
9.8%
Average Price per Square Foot ..............
$732
$642
$793
$725
-1.0%
Properties Sold ...................................
11
6
7
9
-18.2%
Properties Pending Sale .......................
6
9
9
10
66.7%
Properties For Sale ..............................
24
21
28
30
25.0%
Days on Market (Pending Sale) .............
31
25
29
27
-10.7%
Month’s Supply of Inventory .................
2.2
0
4
3.3
52.8%
Percent Under Contract .......................
25.0%
42.9%
32.1%
33.3%
33.3%
$1,284,006
$1,328,583
$1,331,500
$1,337,077
4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$725
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HERMOSA BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,982,500
$1,575,000
$1,420,125
$2,150,000
8.4%
Average Price per Square Foot ..............
$1,237
$1,388
$994
$912
-26.3%
Properties Sold ...................................
14
5
10
5
-64.3%
Properties Pending Sale .......................
7
3
12
6
-14.3%
Properties For Sale ..............................
47
32
50
42
-10.6%
Days on Market (Pending Sale) .............
38
21
28
32
-16.0%
Month’s Supply of Inventory .................
3.4
6.4
5
8.4
150.2%
Percent Under Contract .......................
14.9%
9.4%
24.0%
14.3%
-4.1%
$1,903,138
$2,226,521
$2,320,667
$2,202,817
15.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.982
SEP
$2,150,000
OCT NOV
MEDIAN SALES PRICE
DEC
$912
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.150 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MANHATTAN BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,565,000
$2,250,000
$2,950,000
$3,212,500
25.2%
Average Price per Square Foot ..............
$1,198
$935
$993
$1,169
-2.4%
Properties Sold ...................................
28
18
31
30
7.1%
Properties Pending Sale .......................
20
20
37
25
25.0%
Properties For Sale ..............................
143
104
132
118
-17.5%
Days on Market (Pending Sale) .............
51
48
28
40
-22.2%
Month’s Supply of Inventory .................
5.1
5.8
4.3
3.9
-23.0%
Percent Under Contract .......................
14.0%
19.2%
28.0%
21.2%
51.5%
$2,316,604
$2,625,333
$2,706,500
$2,549,731
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.565
SEP
$3,212,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,169
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.212 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PALOS VERDES ESTATES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,960,000
$1,685,000
$2,061,500
$2,017,500
2.9%
Average Price per Square Foot ..............
$14
$9
$14
$14
0.0%
Properties Sold ...................................
14
9
14
14
0.0%
Properties Pending Sale .......................
18
15
18
17
-5.6%
Properties For Sale ..............................
97
77
99
87
-10.3%
Days on Market (Pending Sale) .............
68
46
46
59
-13.5%
Month’s Supply of Inventory .................
6.9
8.6
7.1
6.2
-10.3%
Percent Under Contract .......................
18.6%
19.5%
18.2%
19.5%
5.3%
$1,974,800
$1,990,917
$2,019,667
$1,849,442
-6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.960
SEP
$2,017,500
OCT NOV
MEDIAN SALES PRICE
DEC
$14
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.017 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
RANCHO PALOS VERDES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,247,000
$1,367,500
$1,600,000
$1,310,000
5.1%
Average Price per Square Foot ..............
$584
$629
$609
$593
1.5%
Properties Sold ...................................
33
24
41
41
24.2%
Properties Pending Sale .......................
36
25
40
36
0.0%
Properties For Sale ..............................
166
123
146
166
0.0%
Days on Market (Pending Sale) .............
27
40
50
33
19.8%
Month’s Supply of Inventory .................
5
5.1
3.6
4
-19.5%
Percent Under Contract .......................
21.7%
20.3%
27.4%
21.7%
0.0%
$1,306,354
$1,393,750
$1,370,833
$1,334,810
2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.247
SEP
$1,310,000
OCT NOV
MEDIAN SALES PRICE
DEC
$593
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.310 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
REDONDO BEACH- NORTH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$987,500
$1,065,000
$1,205,000
$1,224,000
23.9%
Average Price per Square Foot ..............
$610
$602
$618
$608
-0.3%
Properties Sold ...................................
22
18
8
25
13.6%
Properties Pending Sale .......................
17
9
16
9
-47.1%
Properties For Sale ..............................
46
27
38
31
-32.6%
Days on Market (Pending Sale) .............
44
8
8
10
-76.8%
Month’s Supply of Inventory .................
2.1
1.5
4.8
1.2
-40.7%
Percent Under Contract .......................
37.0%
33.3%
42.1%
29.0%
-21.4%
$951,000
$1,123,833
$1,134,667
$1,069,154
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$987
SEP
$1,224,000
OCT NOV
MEDIAN SALES PRICE
DEC
$608
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.224 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
REDONDO BEACH- SOUTH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,610,000
$1,432,875
$1,955,750
$1,592,813
-1.1%
Average Price per Square Foot ..............
$660
$1,369
$738
$693
5.0%
Properties Sold ...................................
26
11
20
16
-38.5%
Properties Pending Sale .......................
16
15
20
10
-37.5%
Properties For Sale ..............................
58
49
48
40
-31.0%
Days on Market (Pending Sale) .............
37
20
30
40
8.7%
Month’s Supply of Inventory .................
2.2
4.5
2.4
2.5
12.1%
Percent Under Contract .......................
27.6%
30.6%
41.7%
25.0%
-9.4%
$1,421,623
$1,671,427
$1,568,938
$1,584,764
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.610
SEP
$1,592,813
OCT NOV
MEDIAN SALES PRICE
DEC
$693
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.592 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ROLLING HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$0
$1,650,000
$3,812,500
$3,500,000
n/a
Average Price per Square Foot ..............
$0
$1
$2
$2
n/a
Properties Sold ...................................
0
1
2
2
n/a
Properties Pending Sale .......................
1
2
2
6
500.0%
Properties For Sale ..............................
31
31
43
41
32.3%
Days on Market (Pending Sale) .............
68
14
37
119
74.8%
Month’s Supply of Inventory .................
n/a
31
21.5
20.5
n/a
Percent Under Contract .......................
3.2%
6.5%
4.7%
14.6%
353.7%
$2,790,375
$2,750,200
$2,980,500
$2,838,944
1.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$3,500,000
OCT NOV
MEDIAN SALES PRICE
DEC
$2
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
20.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.500 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ROLLING HILLS ESTATES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,430,000
$1,567,500
$1,513,000
$1,275,000
-10.8%
Average Price per Square Foot ..............
$570
$624
$676
$649
13.9%
Properties Sold ...................................
11
6
6
7
-36.4%
Properties Pending Sale .......................
7
9
6
1
-85.7%
Properties For Sale ..............................
43
27
28
33
-23.3%
Days on Market (Pending Sale) .............
50
52
31
81
62.9%
Month’s Supply of Inventory .................
3.9
4.5
4.7
4.7
20.6%
Percent Under Contract .......................
16.3%
33.3%
21.4%
3.0%
-81.4%
$1,545,138
$1,745,917
$1,746,500
$1,666,231
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.430
SEP
$1,275,000
OCT NOV
MEDIAN SALES PRICE
DEC
$649
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN PEDRO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$734,000
$683,000
$692,500
$622,000
-15.3%
Average Price per Square Foot ..............
$436
$416
$438
$482
10.6%
Properties Sold ...................................
46
28
38
32
-30.4%
Properties Pending Sale .......................
37
29
39
25
-32.4%
Properties For Sale ..............................
154
90
108
107
-30.5%
Days on Market (Pending Sale) .............
36
30
26
35
-1.1%
Month’s Supply of Inventory .................
3.3
3.2
2.8
3.3
-0.1%
Percent Under Contract .......................
24.0%
32.2%
36.1%
23.4%
-2.8%
$649,208
$668,315
$671,630
$664,030
2.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $734
AUG SEP
$622,000
OCT NOV
MEDIAN SALES PRICE
DEC
$482
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$622 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TORRANCE- COUNTY STRIP
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$557,000
$522,500
$580,000
$582,500
4.6%
Average Price per Square Foot ..............
$384
$456
$423
$460
19.8%
Properties Sold ...................................
10
3
3
8
-20.0%
Properties Pending Sale .......................
8
6
11
7
-12.5%
Properties For Sale ..............................
24
15
20
21
-12.5%
Days on Market (Pending Sale) .............
19
18
21
31
63.0%
Month’s Supply of Inventory .................
2.4
5
6.7
2.6
9.4%
Percent Under Contract .......................
33.3%
40.0%
55.0%
33.3%
0.0%
$521,763
$580,417
$573,833
$554,423
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$557
SEP
$582,500
OCT NOV
MEDIAN SALES PRICE
DEC
$460
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$582 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TORRANCE- NORTH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$695,000
$717,250
$739,500
$740,000
6.5%
Average Price per Square Foot ..............
$507
$462
$518
$502
-1.0%
Properties Sold ...................................
21
8
16
21
0.0%
Properties Pending Sale .......................
20
9
18
24
20.0%
Properties For Sale ..............................
52
36
50
55
5.8%
Days on Market (Pending Sale) .............
20
20
23
31
54.2%
Month’s Supply of Inventory .................
2.5
4.5
3.1
2.6
5.8%
Percent Under Contract .......................
38.5%
25.0%
36.0%
43.6%
13.5%
$652,813
$732,333
$732,333
$708,481
8.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $695
AUG SEP
$740,000
OCT NOV
MEDIAN SALES PRICE
DEC
$502
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$740 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TORRANCE- SOUTH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$952,500
$965,000
$962,000
$927,500
-2.6%
Average Price per Square Foot ..............
$495
$530
$534
$603
21.8%
Properties Sold ...................................
28
10
27
20
-28.6%
Properties Pending Sale .......................
27
17
18
19
-29.6%
Properties For Sale ..............................
80
47
59
64
-20.0%
Days on Market (Pending Sale) .............
25
12
22
21
-14.6%
Month’s Supply of Inventory .................
2.9
4.7
2.2
3.2
12.0%
Percent Under Contract .......................
33.8%
36.2%
30.5%
29.7%
-12.0%
$922,433
$963,833
$960,833
$962,923
4.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$952
SEP
$927,500
OCT NOV
MEDIAN SALES PRICE
DEC
$603
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$927 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TORRANCE- SOUTHEAST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$720,000
$782,000
$656,000
$775,000
7.6%
Average Price per Square Foot ..............
$440
$530
$419
$432
-1.8%
Properties Sold ...................................
20
6
12
15
-25.0%
Properties Pending Sale .......................
17
11
13
16
-5.9%
Properties For Sale ..............................
53
33
45
48
-9.4%
Days on Market (Pending Sale) .............
19
42
20
24
24.0%
Month’s Supply of Inventory .................
2.6
5.5
3.8
3.2
20.8%
Percent Under Contract .......................
32.1%
33.3%
28.9%
33.3%
3.9%
$676,500
$716,220
$736,274
$731,755
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$720
SEP
$775,000
OCT NOV
MEDIAN SALES PRICE
DEC
$432
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TORRANCE- WEST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$925,000
$955,000
$934,000
$939,000
1.5%
Average Price per Square Foot ..............
$525
$535
$564
$612
16.6%
Properties Sold ...................................
19
6
23
13
-31.6%
Properties Pending Sale .......................
20
11
18
25
25.0%
Properties For Sale ..............................
38
28
40
49
28.9%
Days on Market (Pending Sale) .............
14
15
18
18
32.9%
Month’s Supply of Inventory .................
2
4.7
1.7
3.8
88.5%
Percent Under Contract .......................
52.6%
39.3%
45.0%
51.0%
-3.1%
$855,729
$951,792
$961,333
$927,173
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$939,000
OCT NOV
MEDIAN SALES PRICE
DEC
$612
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$939 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$900,000
$1,000,000
$1,000,000
$990,000
10.0%
Average Price per Square Foot ..............
$616
$300
$500
$547
-11.2%
Properties Sold ...................................
616
300
500
547
-11.2%
Properties Pending Sale .......................
545
416
568
545
0.0%
Properties For Sale ..............................
2,454
1,877
2,413
2,336
-4.8%
Days on Market (Pending Sale) .............
57
49
42
40
-28.8%
Month’s Supply of Inventory .................
4
6.3
4.8
4.3
7.2%
Percent Under Contract .......................
22.2%
22.2%
23.5%
23.3%
5.1%
$885,204
$1,004,908
$993,150
$982,727
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$900
SEP
$990,000
OCT NOV
MEDIAN SALES PRICE
DEC
$547
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$990 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
AGOURA HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,020,000
$1,099,000
$985,000
$949,500
-6.9%
Average Price per Square Foot ..............
$401
$448
$385
$455
13.5%
Properties Sold ...................................
17
13
32
22
29.4%
Properties Pending Sale .......................
20
22
29
21
5.0%
Properties For Sale ..............................
118
94
122
116
-1.7%
Days on Market (Pending Sale) .............
42
63
57
59
40.2%
Month’s Supply of Inventory .................
6.9
7.2
3.8
5.3
-24.0%
Percent Under Contract .......................
16.9%
23.4%
23.8%
18.1%
6.8%
$944,333
$954,000
$1,015,667
$957,598
1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$949,500
OCT NOV
MEDIAN SALES PRICE
DEC
$455
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$949 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BURBANK
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$783,500
$815,000
$865,000
$850,000
8.5%
Average Price per Square Foot ..............
$1,591
$1,678
$1,792
$1,763
10.8%
Properties Sold ...................................
64
27
49
73
14.1%
Properties Pending Sale .......................
55
47
56
68
23.6%
Properties For Sale ..............................
171
129
162
186
8.8%
Days on Market (Pending Sale) .............
37
28
25
33
-10.8%
Month’s Supply of Inventory .................
2.7
4.8
3.3
2.5
-4.6%
Percent Under Contract .......................
32.2%
36.4%
34.6%
36.6%
13.7%
$772,333
$862,176
$863,519
$837,639
8.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$783
SEP
$850,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,763
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CALABASAS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,550,000
$1,540,000
$1,465,000
$1,592,000
2.7%
Average Price per Square Foot ..............
$461
$502
$457
$510
10.6%
Properties Sold ...................................
33
14
26
27
-18.2%
Properties Pending Sale .......................
24
20
25
26
8.3%
Properties For Sale ..............................
149
127
150
163
9.4%
Days on Market (Pending Sale) .............
83
49
46
45
-45.6%
Month’s Supply of Inventory .................
4.5
9.1
5.8
6
33.7%
Percent Under Contract .......................
16.1%
15.7%
16.7%
16.0%
-1.0%
$1,440,614
$1,402,064
$1,499,961
$1,430,683
-0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.550
SEP
$1,592,000
OCT NOV
MEDIAN SALES PRICE
DEC
$510
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.592 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ENCINO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,317,000
$1,550,000
$1,465,000
$1,635,000
24.1%
Average Price per Square Foot ..............
$547
$531
$557
$619
13.2%
Properties Sold ...................................
48
27
37
41
-14.6%
Properties Pending Sale .......................
39
31
38
41
5.1%
Properties For Sale ..............................
230
193
222
237
3.0%
Days on Market (Pending Sale) .............
80
51
45
52
-35.1%
Month’s Supply of Inventory .................
4.8
7.1
6
5.8
20.6%
Percent Under Contract .......................
17.0%
16.1%
17.1%
17.3%
2.0%
$1,265,271
$1,430,708
$1,493,667
$1,443,812
14.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.317
SEP
$1,635,000
OCT NOV
MEDIAN SALES PRICE
DEC
$619
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.635 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
GLENDALE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$924,500
$910,000
$926,825
$1,095,000
18.4%
Average Price per Square Foot ..............
$530
$512
$530
$542
2.3%
Properties Sold ...................................
59
37
56
60
1.7%
Properties Pending Sale .......................
77
28
66
65
-15.6%
Properties For Sale ..............................
226
167
233
247
9.3%
Days on Market (Pending Sale) .............
33
55
35
35
7.1%
Month’s Supply of Inventory .................
3.6
6.5
3.8
3.8
7.6%
Percent Under Contract .......................
23.0%
19.6%
27.0%
34.1%
48.2%
$891,044
$1,051,850
$1,068,758
$981,217
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$885
SEP
$1,095,000
OCT NOV
MEDIAN SALES PRICE
DEC
$542
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$924 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LA CRESCENTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$825,000
$939,500
$1,027,000
$950,000
15.2%
Average Price per Square Foot ..............
$528
$540
$553
$563
6.6%
Properties Sold ...................................
21
8
24
17
-19.0%
Properties Pending Sale .......................
20
9
32
20
0.0%
Properties For Sale ..............................
71
51
81
58
-18.3%
Days on Market (Pending Sale) .............
39
55
41
34
-12.0%
Month’s Supply of Inventory .................
3.4
6.4
3.4
3.4
0.9%
Percent Under Contract .......................
28.2%
17.6%
39.5%
34.5%
22.4%
$820,524
$931,000
$891,667
$896,154
9.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$825
SEP
$950,000
OCT NOV
MEDIAN SALES PRICE
DEC
$563
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$950 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NORTH HOLLYWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$615,000
$651,500
$664,500
$635,000
3.3%
Average Price per Square Foot ..............
$440
$478
$462
$456
3.6%
Properties Sold ...................................
35
16
30
31
-11.4%
Properties Pending Sale .......................
43
24
39
31
-27.9%
Properties For Sale ..............................
127
88
122
116
-8.7%
Days on Market (Pending Sale) .............
49
40
31
31
-36.3%
Month’s Supply of Inventory .................
3.6
5.5
4.1
3.7
3.1%
Percent Under Contract .......................
33.9%
27.3%
32.0%
26.7%
-21.1%
$565,867
$646,325
$633,000
$629,535
11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$615
SEP
$635,000
OCT NOV
MEDIAN SALES PRICE
DEC
$456
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$635 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SHADOW HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$735,000
$0
$925,000
$805,000
9.5%
Average Price per Square Foot ..............
$384
$0
$394
$215
-44.0%
Properties Sold ...................................
6
0
7
3
-50.0%
Properties Pending Sale .......................
6
6
7
2
-66.7%
Properties For Sale ..............................
19
22
30
17
-10.5%
Days on Market (Pending Sale) .............
115
59
62
85
-25.8%
Month’s Supply of Inventory .................
3.2
n/a
4.3
5.7
78.9%
Percent Under Contract .......................
31.6%
27.3%
23.3%
11.8%
-62.7%
$802,704
$884,000
$866,333
$752,846
-6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$805,000
OCT NOV
MEDIAN SALES PRICE
DEC
$215
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$805 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SHERMAN OAKS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,081,250
$1,229,000
$1,259,500
$1,225,000
13.3%
Average Price per Square Foot ..............
$74
$43
$54
$56
-24.3%
Properties Sold ...................................
74
43
54
56
-24.3%
Properties Pending Sale .......................
62
47
59
54
-12.9%
Properties For Sale ..............................
258
173
241
242
-6.2%
Days on Market (Pending Sale) .............
53
49
46
42
-20.5%
Month’s Supply of Inventory .................
3.5
4
4.5
4.3
23.9%
Percent Under Contract .......................
24.0%
27.2%
24.5%
22.3%
-7.1%
$1,166,640
$1,271,175
$1,209,183
$1,214,801
4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.081
SEP
$1,225,000
OCT NOV
MEDIAN SALES PRICE
DEC
$56
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
STUDIO CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,380,500
$1,265,000
$1,585,000
$1,760,000
27.5%
Average Price per Square Foot ..............
$571
$599
$647
$686
20.1%
Properties Sold ...................................
36
26
18
33
-8.3%
Properties Pending Sale .......................
24
31
33
32
33.3%
Properties For Sale ..............................
156
137
176
152
-2.6%
Days on Market (Pending Sale) .............
67
41
46
31
-53.5%
Month’s Supply of Inventory .................
4.3
5.3
9.8
4.6
6.3%
Percent Under Contract .......................
15.4%
22.6%
18.8%
21.1%
36.8%
$1,413,872
$1,530,333
$1,530,667
$1,471,654
4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.380
SEP
$1,760,000
OCT NOV
MEDIAN SALES PRICE
DEC
$686
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.760 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SUN VALLEY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$514,000
$493,000
$535,000
$590,095
14.8%
Average Price per Square Foot ..............
$340
$452
$430
$454
33.5%
Properties Sold ...................................
22
9
19
13
-40.9%
Properties Pending Sale .......................
22
17
21
20
-9.1%
Properties For Sale ..............................
54
63
59
77
42.6%
Days on Market (Pending Sale) .............
39
41
46
20
-48.2%
Month’s Supply of Inventory .................
2.5
7
3.1
5.9
141.3%
Percent Under Contract .......................
40.7%
27.0%
35.6%
26.0%
-36.2%
$506,792
$559,766
$580,865
$553,900
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$514
SEP
$590,095
OCT NOV
MEDIAN SALES PRICE
DEC
$454
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SUNLAND/TUJUNGA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$562,000
$602,000
$666,000
$673,000
19.8%
Average Price per Square Foot ..............
$393
$413
$401
$422
7.4%
Properties Sold ...................................
19
10
18
17
-10.5%
Properties Pending Sale .......................
22
8
17
21
-4.5%
Properties For Sale ..............................
62
46
72
71
14.5%
Days on Market (Pending Sale) .............
56
44
30
37
-34.7%
Month’s Supply of Inventory .................
3.3
4.6
4
4.2
28.0%
Percent Under Contract .......................
35.5%
17.4%
23.6%
29.6%
-16.6%
$583,667
$627,242
$630,833
$592,477
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$562
SEP
$673,000
OCT NOV
MEDIAN SALES PRICE
DEC
$422
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$673 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TARZANA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,097,000
$1,250,000
$1,160,000
$975,000
-11.1%
Average Price per Square Foot ..............
$424
$511
$446
$478
12.7%
Properties Sold ...................................
29
13
19
31
6.9%
Properties Pending Sale .......................
34
39
31
37
8.8%
Properties For Sale ..............................
183
150
184
178
-2.7%
Days on Market (Pending Sale) .............
55
49
55
38
-29.9%
Month’s Supply of Inventory .................
6.3
11.5
9.7
5.7
-9.0%
Percent Under Contract .......................
18.6%
26.0%
16.8%
20.8%
11.9%
$1,042,833
$1,116,250
$1,046,667
$1,084,546
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.097
SEP
$975,000
OCT NOV
MEDIAN SALES PRICE
DEC
$478
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TOLUCA LAKE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,285,000
$1,392,500
$1,150,000
$1,228,100
-4.4%
Average Price per Square Foot ..............
$563
$616
$664
$569
1.1%
Properties Sold ...................................
8
4
9
18
125.0%
Properties Pending Sale .......................
10
5
5
7
-30.0%
Properties For Sale ..............................
32
28
37
31
-3.1%
Days on Market (Pending Sale) .............
77
35
16
60
-22.8%
Month’s Supply of Inventory .................
4
7
4.1
1.7
-56.9%
Percent Under Contract .......................
31.2%
17.9%
13.5%
22.6%
-27.7%
$1,570,542
$1,425,100
$1,256,867
$1,400,431
-10.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.285
SEP
$1,228,100
OCT NOV
MEDIAN SALES PRICE
DEC
$569
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.228 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
VALLEY VILLAGE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,069,250
$945,000
$1,275,000
$1,117,500
4.5%
Average Price per Square Foot ..............
$516
$638
$594
$537
4.1%
Properties Sold ...................................
24
6
15
18
-25.0%
Properties Pending Sale .......................
11
13
14
10
-9.1%
Properties For Sale ..............................
54
41
55
48
-11.1%
Days on Market (Pending Sale) .............
33
54
40
32
-3.4%
Month’s Supply of Inventory .................
2.2
6.8
3.7
2.7
18.5%
Percent Under Contract .......................
20.4%
31.7%
25.5%
20.8%
2.3%
$931,366
$1,128,440
$1,075,500
$1,054,242
13.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.069
SEP
$1,117,500
OCT NOV
MEDIAN SALES PRICE
DEC
$537
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.117 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WESTLAKE VILLAGE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,315,000
$960,000
$1,070,000
$1,499,900
14.1%
Average Price per Square Foot ..............
$439
$400
$492
$485
10.5%
Properties Sold ...................................
33
15
35
27
-18.2%
Properties Pending Sale .......................
33
22
35
35
6.1%
Properties For Sale ..............................
230
169
229
213
-7.4%
Days on Market (Pending Sale) .............
66
87
48
60
-9.3%
Month’s Supply of Inventory .................
7
11.3
6.5
7.9
13.2%
Percent Under Contract .......................
14.3%
13.0%
15.3%
16.4%
14.5%
$1,179,625
$1,316,650
$1,384,633
$1,252,338
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,499,900
OCT NOV
MEDIAN SALES PRICE
DEC
$485
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.499 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WOODLAND HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$804,500
$834,000
$871,000
$850,000
5.7%
Average Price per Square Foot ..............
$388
$398
$412
$407
4.9%
Properties Sold ...................................
92
49
65
74
-19.6%
Properties Pending Sale .......................
79
55
84
60
-24.1%
Properties For Sale ..............................
319
239
294
282
-11.6%
Days on Market (Pending Sale) .............
56
47
44
40
-28.7%
Month’s Supply of Inventory .................
3.5
4.9
4.5
3.8
9.9%
Percent Under Contract .......................
24.8%
23.0%
28.6%
21.3%
-14.1%
$781,917
$864,667
$854,000
$844,923
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$804
SEP
$850,000
OCT NOV
MEDIAN SALES PRICE
DEC
$407
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$925,000
$885,000
$950,000
$960,000
3.8%
Average Price per Square Foot ..............
$556
$552
$590
$583
4.9%
Properties Sold ...................................
322
168
297
327
1.6%
Properties Pending Sale .......................
320
207
287
293
-8.4%
Properties For Sale ..............................
1,406
1,085
1,327
1,335
-5.0%
Days on Market (Pending Sale) .............
38
42
37
45
20.1%
Month’s Supply of Inventory .................
4.4
6.5
4.5
4.1
-6.5%
Percent Under Contract .......................
22.8%
19.1%
21.6%
21.9%
-3.6%
$1,071,151
$976,750
$973,750
$929,685
-13.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$960,000
OCT NOV
MEDIAN SALES PRICE
DEC
$583
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ALHAMBRA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$698,800
$639,000
$760,000
$766,650
9.7%
Average Price per Square Foot ..............
$23
$10
$19
$21
-8.7%
Properties Sold ...................................
23
10
19
21
-8.7%
Properties Pending Sale .......................
29
12
22
14
-51.7%
Properties For Sale ..............................
74
48
70
66
-10.8%
Days on Market (Pending Sale) .............
26
25
23
29
10.2%
Month’s Supply of Inventory .................
3.2
4.8
3.7
3.1
-2.3%
Percent Under Contract .......................
39.2%
25.0%
31.4%
21.2%
-45.9%
$664,920
$769,177
$783,883
$729,836
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$698
SEP
$766,650
OCT NOV
MEDIAN SALES PRICE
DEC
$21
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$766 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ALTADENA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$820,000
$865,000
$836,500
$815,000
-0.6%
Average Price per Square Foot ..............
$515
$512
$534
$519
0.8%
Properties Sold ...................................
37
19
44
45
21.6%
Properties Pending Sale .......................
25
17
37
33
32.0%
Properties For Sale ..............................
120
97
119
115
-4.2%
Days on Market (Pending Sale) .............
26
38
32
38
44.0%
Month’s Supply of Inventory .................
3.2
5.1
2.7
2.6
-21.2%
Percent Under Contract .......................
20.8%
17.5%
31.1%
28.7%
37.7%
$800,646
$817,833
$843,500
$817,596
2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $820
AUG SEP
$815,000
OCT NOV
MEDIAN SALES PRICE
DEC
$519
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$815 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ARCADIA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,288,000
$1,630,000
$1,295,000
$1,088,000
-15.5%
Average Price per Square Foot ..............
$538
$512
$576
$547
1.7%
Properties Sold ...................................
42
21
30
47
11.9%
Properties Pending Sale .......................
42
28
42
34
-19.0%
Properties For Sale ..............................
346
283
294
320
-7.5%
Days on Market (Pending Sale) .............
41
55
52
69
65.3%
Month’s Supply of Inventory .................
8.2
13.5
9.8
6.8
-17.4%
Percent Under Contract .......................
12.1%
9.9%
14.3%
10.6%
-12.5%
$1,257,950
$1,316,000
$1,278,667
$1,342,765
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.288
SEP
$1,088,000
OCT NOV
MEDIAN SALES PRICE
DEC
$547
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.088 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DUARTE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$518,901
$479,800
$500,000
$600,000
15.6%
Average Price per Square Foot ..............
$409
$421
$402
$415
1.5%
Properties Sold ...................................
16
11
15
17
6.2%
Properties Pending Sale .......................
15
20
15
21
40.0%
Properties For Sale ..............................
58
51
53
61
5.2%
Days on Market (Pending Sale) .............
49
39
19
33
-32.2%
Month’s Supply of Inventory .................
3.6
4.6
3.5
3.6
-1.0%
Percent Under Contract .......................
25.9%
39.2%
28.3%
34.4%
33.1%
$485,733
$574,566
$583,149
$544,084
12.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$600,000
OCT NOV
MEDIAN SALES PRICE
DEC
$415
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
EAGLE ROCK
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$900,000
$870,000
$928,000
$852,000
-5.3%
Average Price per Square Foot ..............
$586
$557
$584
$627
7.0%
Properties Sold ...................................
15
11
15
9
-40.0%
Properties Pending Sale .......................
20
17
13
12
-40.0%
Properties For Sale ..............................
55
40
51
54
-1.8%
Days on Market (Pending Sale) .............
45
45
37
43
-3.8%
Month’s Supply of Inventory .................
3.7
3.6
3.4
6
63.6%
Percent Under Contract .......................
36.4%
42.5%
25.5%
22.2%
-38.9%
$830,412
$905,500
$903,833
$894,731
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$900
SEP
$852,000
OCT NOV
MEDIAN SALES PRICE
DEC
$627
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$852 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LA CANADA FLINTRIDGE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,750,000
$1,250,000
$1,800,000
$1,767,500
1.0%
Average Price per Square Foot ..............
$678
$711
$664
$563
-17.0%
Properties Sold ...................................
21
5
19
16
-23.8%
Properties Pending Sale .......................
16
12
11
18
12.5%
Properties For Sale ..............................
84
66
86
76
-9.5%
Days on Market (Pending Sale) .............
55
31
25
45
-18.4%
Month’s Supply of Inventory .................
4
13.2
4.5
4.8
18.8%
Percent Under Contract .......................
19.0%
18.2%
12.8%
23.7%
24.3%
$1,850,177
$1,932,375
$1,922,500
$1,844,269
-0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.750
SEP
$1,767,500
OCT NOV
MEDIAN SALES PRICE
DEC
$563
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.767 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MONROVIA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$655,000
$703,000
$749,000
$837,500
27.9%
Average Price per Square Foot ..............
$445
$490
$498
$529
18.9%
Properties Sold ...................................
23
16
17
23
0.0%
Properties Pending Sale .......................
18
17
18
26
44.4%
Properties For Sale ..............................
86
55
74
87
1.2%
Days on Market (Pending Sale) .............
24
27
51
31
29.9%
Month’s Supply of Inventory .................
3.7
3.4
4.4
3.8
1.2%
Percent Under Contract .......................
20.9%
30.9%
24.3%
29.9%
42.8%
$673,210
$761,750
$792,833
$727,585
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$655
SEP
$837,500
OCT NOV
MEDIAN SALES PRICE
DEC
$529
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$837 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PASADENA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$935,000
$950,000
$1,082,500
$975,000
4.3%
Average Price per Square Foot ..............
$568
$531
$599
$611
7.6%
Properties Sold ...................................
94
52
88
93
-1.1%
Properties Pending Sale .......................
102
54
82
89
-12.7%
Properties For Sale ..............................
340
280
362
334
-1.8%
Days on Market (Pending Sale) .............
41
38
40
42
2.7%
Month’s Supply of Inventory .................
3.6
5.4
4.1
3.6
-0.7%
Percent Under Contract .......................
30.0%
19.3%
22.7%
26.6%
-11.2%
$887,124
$1,041,750
$1,008,000
$986,577
11.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$975,000
OCT NOV
MEDIAN SALES PRICE
DEC
$611
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN GABRIEL
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$828,000
$845,102
$752,500
$828,000
0.0%
Average Price per Square Foot ..............
$498
$485
$457
$498
0.0%
Properties Sold ...................................
27
14
20
27
0.0%
Properties Pending Sale .......................
32
16
26
22
-31.2%
Properties For Sale ..............................
106
73
87
108
1.9%
Days on Market (Pending Sale) .............
31
45
24
47
51.2%
Month’s Supply of Inventory .................
3.9
5.2
4.4
4
1.9%
Percent Under Contract .......................
30.2%
21.9%
29.9%
20.4%
-32.5%
$761,929
$789,073
$827,481
$811,503
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $828
AUG SEP
$828,000
OCT NOV
MEDIAN SALES PRICE
DEC
$498
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$828 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN MARINO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,894,000
$2,405,000
$1,866,500
$2,247,000
18.6%
Average Price per Square Foot ..............
$799
$940
$1,018
$895
12.0%
Properties Sold ...................................
6
8
8
16
166.7%
Properties Pending Sale .......................
15
7
14
16
6.7%
Properties For Sale ..............................
87
62
96
89
2.3%
Days on Market (Pending Sale) .............
53
52
46
64
20.5%
Month’s Supply of Inventory .................
14.5
7.8
12
5.6
-61.6%
Percent Under Contract .......................
17.2%
11.3%
14.6%
18.0%
4.3%
$2,236,896
$2,131,083
$2,208,333
$2,096,582
-6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.894
SEP
$2,247,000
OCT NOV
MEDIAN SALES PRICE
DEC
$895
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.247 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SIERRA MADRE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,005,000
$825,000
$1,265,000
$1,026,500
2.1%
Average Price per Square Foot ..............
$510
$567
$549
$569
11.6%
Properties Sold ...................................
7
7
15
12
71.4%
Properties Pending Sale .......................
5
11
10
12
140.0%
Properties For Sale ..............................
42
32
35
36
-14.3%
Days on Market (Pending Sale) .............
14
57
33
53
284.7%
Month’s Supply of Inventory .................
6
4.6
2.3
3
-50.0%
Percent Under Contract .......................
11.9%
34.4%
28.6%
33.3%
180.0%
$1,053,208
$1,145,083
$1,181,500
$1,030,423
-2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.005
SEP
$1,026,500
OCT NOV
MEDIAN SALES PRICE
DEC
$569
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.026 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SOUTH PASADENA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,492,500
$1,612,500
$1,207,500
$1,530,000
2.5%
Average Price per Square Foot ..............
$638
$703
$721
$732
14.7%
Properties Sold ...................................
19
4
14
10
-47.4%
Properties Pending Sale .......................
15
9
8
6
-60.0%
Properties For Sale ..............................
40
29
36
28
-30.0%
Days on Market (Pending Sale) .............
27
44
37
48
76.2%
Month’s Supply of Inventory .................
2.1
7.2
2.6
2.8
33.0%
Percent Under Contract .......................
37.5%
31.0%
22.2%
21.4%
-42.9%
$1,351,604
$1,515,417
$1,508,333
$1,461,227
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.492
SEP
$1,530,000
OCT NOV
MEDIAN SALES PRICE
DEC
$732
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : August 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : August 2018
ORANGE COUNTY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$780,000
$805,000
$830,000
$830,000
6.4%
Average Price per Square Foot ..............
$459
$481
$492
$490
6.8%
Properties Sold ...................................
1890
1113
1823
1728
-8.6%
Properties Pending Sale .......................
1801
1412
1877
1655
-8.1%
Properties For Sale ..............................
6,898
5,229
6,808
7,072
2.5%
Days on Market (Pending Sale) .............
44
39
33
48
8.9%
Month’s Supply of Inventory .................
3.6
4.7
3.7
4.1
12.1%
Percent Under Contract .......................
26.1%
27.0%
27.6%
23.4%
-10.4%
$757,721
$823,083
$827,833
$802,992
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $780
AUG SEP
$830,000
OCT NOV
MEDIAN SALES PRICE
DEC
$490
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ALISO VIEJO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$853,000
$808,000
$834,450
$925,000
8.4%
Average Price per Square Foot ..............
$387
$406
$451
$428
10.6%
Properties Sold ...................................
20
12
12
13
-35.0%
Properties Pending Sale .......................
24
12
14
21
-12.5%
Properties For Sale ..............................
68
30
45
63
-7.4%
Days on Market (Pending Sale) .............
27
9
32
45
67.2%
Month’s Supply of Inventory .................
3.4
2.5
3.8
4.8
42.5%
Percent Under Contract .......................
35.3%
40.0%
31.1%
33.3%
-5.6%
$805,875
$863,325
$888,333
$838,454
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $853
AUG SEP
$925,000
OCT NOV
MEDIAN SALES PRICE
DEC
$428
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$925 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BALBOA PENINSULA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,800,000
$4,265,000
$4,630,000
$2,650,000
-5.4%
Average Price per Square Foot ..............
$1,393
$1,661
$1,609
$1,300
-6.7%
Properties Sold ...................................
7
4
6
7
0.0%
Properties Pending Sale .......................
2
4
5
4
100.0%
Properties For Sale ..............................
34
31
56
49
44.1%
Days on Market (Pending Sale) .............
113
42
118
134
18.6%
Month’s Supply of Inventory .................
4.9
7.8
9.3
7
44.1%
Percent Under Contract .......................
5.9%
12.9%
8.9%
8.2%
38.8%
$3,110,417
$5,047,667
$3,452,500
$4,144,308
33.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$2,650,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,300
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CORONA DEL MAR - SPYGLASS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,395,000
$3,552,000
$3,220,000
$3,605,000
50.5%
Average Price per Square Foot ..............
$1,123
$1,301
$1,313
$1,306
16.3%
Properties Sold ...................................
9
7
21
13
44.4%
Properties Pending Sale .......................
14
14
14
9
-35.7%
Properties For Sale ..............................
87
84
94
97
11.5%
Days on Market (Pending Sale) .............
77
58
67
46
-40.1%
Month’s Supply of Inventory .................
9.7
12
4.5
7.5
-22.8%
Percent Under Contract .......................
16.1%
16.7%
14.9%
9.3%
-42.3%
$2,835,658
$3,373,177
$3,318,333
$3,106,736
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.395
SEP
$3,605,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,306
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.605 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
COTO DE CAZA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,232,500
$1,253,764
$1,460,000
$1,237,000
0.4%
Average Price per Square Foot ..............
$375
$360
$440
$386
2.9%
Properties Sold ...................................
20
16
22
15
-25.0%
Properties Pending Sale .......................
22
21
25
18
-18.2%
Properties For Sale ..............................
125
114
143
126
0.8%
Days on Market (Pending Sale) .............
59
99
81
77
30.4%
Month’s Supply of Inventory .................
6.2
7.1
6.5
8.4
34.4%
Percent Under Contract .......................
17.6%
18.4%
17.5%
14.3%
-18.8%
$1,200,458
$1,317,417
$1,369,000
$1,284,443
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.232
SEP
$1,237,000
OCT NOV
MEDIAN SALES PRICE
DEC
$386
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.237 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CRYSTAL COVE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$13,075,000
$6,100,000
$5,300,000
$5,475,000
-58.1%
Average Price per Square Foot ..............
$1,565
$1,234
$1,283
$1,186
-24.2%
Properties Sold ...................................
2
2
1
3
50.0%
Properties Pending Sale .......................
4
2
3
2
-50.0%
Properties For Sale ..............................
24
22
31
27
12.5%
Days on Market (Pending Sale) .............
102
376
78
34
-67.2%
Month’s Supply of Inventory .................
12
11
31
9
-25.0%
Percent Under Contract .......................
16.7%
9.1%
9.7%
7.4%
-55.6%
$7,905,000
$10,252,917
$8,562,500
$8,640,753
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $13.075
AUG SEP
$5,475,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,186
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$5.475 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DANA POINT
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,040,000
$1,072,000
$1,605,000
$1,067,000
2.6%
Average Price per Square Foot ..............
$533
$611
$877
$720
35.1%
Properties Sold ...................................
33
14
30
27
-18.2%
Properties Pending Sale .......................
31
25
31
41
32.3%
Properties For Sale ..............................
209
149
195
199
-4.8%
Days on Market (Pending Sale) .............
74
102
62
90
22.4%
Month’s Supply of Inventory .................
6.3
10.6
6.5
7.4
16.4%
Percent Under Contract .......................
14.8%
16.8%
15.9%
20.6%
38.9%
$1,010,438
$1,214,917
$1,125,667
$1,182,154
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.040
SEP
$1,067,000
OCT NOV
MEDIAN SALES PRICE
DEC
$720
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.067 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
EAST BLUFF - HARBOR VIEW
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,032,500
$2,220,000
$1,920,000
$2,220,000
9.2%
Average Price per Square Foot ..............
$657
$692
$786
$772
17.5%
Properties Sold ...................................
18
15
20
21
16.7%
Properties Pending Sale .......................
18
15
18
25
38.9%
Properties For Sale ..............................
107
94
128
114
6.5%
Days on Market (Pending Sale) .............
62
69
40
86
39.0%
Month’s Supply of Inventory .................
5.9
6.3
6.4
5.4
-8.7%
Percent Under Contract .......................
16.8%
16.0%
14.1%
21.9%
30.4%
$1,943,667
$2,040,958
$2,089,417
$2,083,442
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.032
SEP
$2,220,000
OCT NOV
MEDIAN SALES PRICE
DEC
$772
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.220 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
EAST COSTA MESA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,050,000
$1,191,000
$1,075,000
$1,236,500
17.8%
Average Price per Square Foot ..............
$593
$627
$623
$654
10.3%
Properties Sold ...................................
19
16
20
16
-15.8%
Properties Pending Sale .......................
14
18
14
25
78.6%
Properties For Sale ..............................
74
67
74
102
37.8%
Days on Market (Pending Sale) .............
46
21
41
69
48.2%
Month’s Supply of Inventory .................
3.9
4.2
3.7
6.4
63.7%
Percent Under Contract .......................
18.9%
26.9%
18.9%
24.5%
29.6%
$1,014,021
$1,147,500
$1,183,500
$1,096,259
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,236,500
OCT NOV
MEDIAN SALES PRICE
DEC
$654
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.236 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
FOUNTAIN VALLEY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$770,000
$850,000
$825,000
$883,750
14.8%
Average Price per Square Foot ..............
$388
$414
$414
$408
5.2%
Properties Sold ...................................
27
23
25
32
18.5%
Properties Pending Sale .......................
31
24
42
31
0.0%
Properties For Sale ..............................
68
56
85
97
42.6%
Days on Market (Pending Sale) .............
24
17
19
27
14.2%
Month’s Supply of Inventory .................
2.5
2.4
3.4
3
20.4%
Percent Under Contract .......................
45.6%
42.9%
49.4%
32.0%
-29.9%
$777,058
$834,458
$849,583
$807,904
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$770
SEP
$883,750
OCT NOV
MEDIAN SALES PRICE
DEC
$408
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$883 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HUNTINGTON BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$900,000
$960,000
$893,000
$920,000
2.2%
Average Price per Square Foot ..............
$501
$510
$538
$505
0.8%
Properties Sold ...................................
132
69
127
107
-18.9%
Properties Pending Sale .......................
112
93
121
128
14.3%
Properties For Sale ..............................
359
274
335
399
11.1%
Days on Market (Pending Sale) .............
41
37
24
48
18.6%
Month’s Supply of Inventory .................
2.7
4
2.6
3.7
37.1%
Percent Under Contract .......................
31.2%
33.9%
36.1%
32.1%
2.8%
$838,208
$897,750
$915,000
$891,538
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $900
AUG SEP
$920,000
OCT NOV
MEDIAN SALES PRICE
DEC
$505
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
IRVINE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,150,000
$1,199,998
$1,180,000
$1,121,845
-2.4%
Average Price per Square Foot ..............
$480
$512
$526
$514
7.1%
Properties Sold ...................................
139
67
127
122
-12.2%
Properties Pending Sale .......................
120
84
119
97
-19.2%
Properties For Sale ..............................
482
367
485
518
7.5%
Days on Market (Pending Sale) .............
55
33
29
51
-6.0%
Month’s Supply of Inventory .................
3.5
5.5
3.8
4.2
22.4%
Percent Under Contract .......................
24.9%
22.9%
24.5%
18.7%
-24.8%
$1,097,592
$1,202,641
$1,179,448
$1,178,142
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,121,845
OCT NOV
MEDIAN SALES PRICE
DEC
$514
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.121 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LADERA RANCH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$895,000
$850,000
$1,062,277
$1,186,750
32.6%
Average Price per Square Foot ..............
$374
$384
$389
$368
-1.6%
Properties Sold ...................................
27
21
43
22
-18.5%
Properties Pending Sale .......................
27
25
41
25
-7.4%
Properties For Sale ..............................
135
93
122
115
-14.8%
Days on Market (Pending Sale) .............
34
44
41
44
29.2%
Month’s Supply of Inventory .................
5
4.4
2.8
5.2
4.5%
Percent Under Contract .......................
20.0%
26.9%
33.6%
21.7%
8.7%
$884,788
$1,060,588
$1,059,083
$997,775
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$895
SEP
$1,186,750
OCT NOV
MEDIAN SALES PRICE
DEC
$368
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.186 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LAGUNA BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,865,000
$2,400,000
$1,920,000
$2,157,500
15.7%
Average Price per Square Foot ..............
$1,290
$1,582
$1,318
$1,571
21.8%
Properties Sold ...................................
30
15
23
28
-6.7%
Properties Pending Sale .......................
28
26
34
27
-3.6%
Properties For Sale ..............................
289
243
290
282
-2.4%
Days on Market (Pending Sale) .............
69
164
60
83
20.6%
Month’s Supply of Inventory .................
9.6
16.2
12.6
10.1
4.5%
Percent Under Contract .......................
9.7%
10.7%
11.7%
9.6%
-1.2%
$2,056,258
$2,061,875
$2,054,167
$2,078,865
1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.865
SEP
$2,157,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,571
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
10.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.157 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LAGUNA NIGUEL
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$960,000
$965,000
$987,375
$962,500
0.3%
Average Price per Square Foot ..............
$73
$47
$52
$62
-15.1%
Properties Sold ...................................
73
47
52
62
-15.1%
Properties Pending Sale .......................
47
45
61
61
29.8%
Properties For Sale ..............................
260
196
248
261
0.4%
Days on Market (Pending Sale) .............
40
41
43
47
19.1%
Month’s Supply of Inventory .................
3.6
4.2
4.8
4.2
18.2%
Percent Under Contract .......................
18.1%
23.0%
24.6%
23.4%
29.3%
$914,625
$976,588
$990,967
$966,610
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $960
AUG SEP
$962,500
OCT NOV
MEDIAN SALES PRICE
DEC
$62
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$962 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LAGUNA HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$797,500
$1,158,000
$837,500
$958,000
20.1%
Average Price per Square Foot ..............
$26
$10
$28
$19
-26.9%
Properties Sold ...................................
26
10
28
19
-26.9%
Properties Pending Sale .......................
33
28
24
17
-48.5%
Properties For Sale ..............................
115
75
99
103
-10.4%
Days on Market (Pending Sale) .............
57
36
39
53
-6.4%
Month’s Supply of Inventory .................
4.4
7.5
3.5
5.4
22.6%
Percent Under Contract .......................
28.7%
37.3%
24.2%
16.5%
-42.5%
$827,671
$886,333
$915,167
$877,462
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$797
SEP
$958,000
OCT NOV
MEDIAN SALES PRICE
DEC
$19
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$958 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LAGUNA WOODS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$0
$860,000
$0
$0
n/a
Average Price per Square Foot ..............
$0
$1
$0
$0
n/a
Properties Sold ...................................
0
1
0
0
n/a
Properties Pending Sale .......................
0
0
0
0
n/a
Properties For Sale ..............................
2
0
0
1
-50.0%
Days on Market (Pending Sale) .............
0
0
0
0
n/a
Month’s Supply of Inventory .................
n/a
0
n/a
n/a
n/a
Percent Under Contract .......................
0.0%
n/a
n/a
0.0%
n/a
$0
n/a
n/a
$854,833
n/a
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,110,000
$1,094,000
$2,210,000
$1,110,000
0.0%
Average Price per Square Foot ..............
$568
$563
$735
$602
6.0%
Properties Sold ...................................
6
5
3
4
-33.3%
Properties Pending Sale .......................
6
3
6
9
50.0%
Properties For Sale ..............................
33
19
30
34
3.0%
Days on Market (Pending Sale) .............
17
93
43
76
350.2%
Month’s Supply of Inventory .................
5.5
3.8
10
8.5
54.5%
Percent Under Contract .......................
18.2%
15.8%
20.0%
26.5%
45.6%
$985,875
$1,186,083
$1,035,833
$1,140,731
15.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.110
SEP
$1,110,000
OCT NOV
MEDIAN SALES PRICE
DEC
$602
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.110 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,800,000
$2,717,500
$5,400,000
$5,450,000
43.4%
Average Price per Square Foot ..............
$1,224
$1,630
$2,222
$1,736
41.8%
Properties Sold ...................................
6
2
7
5
-16.7%
Properties Pending Sale .......................
2
4
11
7
250.0%
Properties For Sale ..............................
36
23
38
37
2.8%
Days on Market (Pending Sale) .............
101
77
29
109
7.5%
Month’s Supply of Inventory .................
6
11.5
5.4
7.4
23.3%
Percent Under Contract .......................
5.6%
17.4%
28.9%
18.9%
240.5%
$3,420,138
$4,175,000
$3,900,000
$3,755,385
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.800
SEP
$5,450,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,736
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$5.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MISSION VIEJO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$740,000
$757,500
$785,000
$752,000
1.6%
Average Price per Square Foot ..............
$369
$377
$379
$386
4.6%
Properties Sold ...................................
98
48
82
102
4.1%
Properties Pending Sale .......................
83
78
90
89
7.2%
Properties For Sale ..............................
267
227
302
333
24.7%
Days on Market (Pending Sale) .............
37
27
24
44
18.5%
Month’s Supply of Inventory .................
2.7
4.7
3.7
3.3
19.8%
Percent Under Contract .......................
31.1%
34.4%
29.8%
26.7%
-14.0%
$720,083
$769,167
$763,333
$753,269
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $740
AUG SEP
$752,000
OCT NOV
MEDIAN SALES PRICE
DEC
$386
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$752 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MONARCH BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,490,000
$1,725,000
$2,549,500
$1,712,500
14.9%
Average Price per Square Foot ..............
$695
$761
$1,056
$889
27.9%
Properties Sold ...................................
10
2
12
10
0.0%
Properties Pending Sale .......................
11
8
15
10
-9.1%
Properties For Sale ..............................
86
65
91
74
-14.0%
Days on Market (Pending Sale) .............
104
106
67
131
26.0%
Month’s Supply of Inventory .................
8.6
32.5
7.6
7.4
-14.0%
Percent Under Contract .......................
12.8%
12.3%
16.5%
13.5%
5.7%
$1,714,406
$1,836,417
$1,640,000
$1,721,346
0.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.490
SEP
$1,712,500
OCT NOV
MEDIAN SALES PRICE
DEC
$889
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.712 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NELLE GAIL
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$797,500
$1,158,000
$840,000
$958,000
20.1%
Average Price per Square Foot ..............
$371
$433
$382
$375
1.1%
Properties Sold ...................................
26
10
27
19
-26.9%
Properties Pending Sale .......................
32
27
23
16
-50.0%
Properties For Sale ..............................
113
74
96
102
-9.7%
Days on Market (Pending Sale) .............
58
37
40
54
-6.7%
Month’s Supply of Inventory .................
4.3
7.4
3.6
5.4
23.5%
Percent Under Contract .......................
28.3%
36.5%
24.0%
15.7%
-44.6%
$842,794
$890,542
$920,250
$880,173
4.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$797
SEP
$958,000
OCT NOV
MEDIAN SALES PRICE
DEC
$375
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$958 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NEWPORT BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,400,000
$2,175,000
$2,358,000
$2,465,000
2.7%
Average Price per Square Foot ..............
$953
$985
$1,167
$929
-2.5%
Properties Sold ...................................
68
40
60
55
-19.1%
Properties Pending Sale .......................
63
42
66
51
-19.0%
Properties For Sale ..............................
352
262
380
331
-6.0%
Days on Market (Pending Sale) .............
73
63
47
91
24.8%
Month’s Supply of Inventory .................
5.2
6.6
6.3
6
16.3%
Percent Under Contract .......................
17.9%
16.0%
17.4%
15.4%
-13.9%
$2,131,125
$2,262,167
$2,368,333
$2,337,346
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.400
SEP
$2,465,000
OCT NOV
MEDIAN SALES PRICE
DEC
$929
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.465 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NEWPORT COAST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$5,150,000
$4,000,000
$3,275,000
$3,300,000
-35.9%
Average Price per Square Foot ..............
$9
$13
$8
$13
44.4%
Properties Sold ...................................
9
13
8
13
44.4%
Properties Pending Sale .......................
23
13
10
8
-65.2%
Properties For Sale ..............................
112
79
101
97
-13.4%
Days on Market (Pending Sale) .............
69
110
74
27
-61.6%
Month’s Supply of Inventory .................
12.4
6.1
12.6
7.5
-40.0%
Percent Under Contract .......................
20.5%
16.5%
9.9%
8.2%
-59.8%
$3,559,052
$3,872,333
$4,661,667
$3,763,769
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $5.150
AUG SEP
$3,300,000
OCT NOV
MEDIAN SALES PRICE
DEC
$13
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
7.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NEWPORT HEIGHTS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,990,000
$2,780,000
$1,755,000
$2,450,000
23.1%
Average Price per Square Foot ..............
$749
$838
$770
$764
2.0%
Properties Sold ...................................
6
5
8
4
-33.3%
Properties Pending Sale .......................
12
4
7
4
-66.7%
Properties For Sale ..............................
54
30
38
32
-40.7%
Days on Market (Pending Sale) .............
65
63
13
71
10.5%
Month’s Supply of Inventory .................
9
6
4.8
8
-11.1%
Percent Under Contract .......................
22.2%
13.3%
18.4%
12.5%
-43.8%
$2,273,573
$2,082,083
$1,916,667
$2,209,000
-2.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.990
SEP
$2,450,000
OCT NOV
MEDIAN SALES PRICE
DEC
$764
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
RANCHO SANTA MARGARITA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$827,000
$812,500
$847,000
$742,000
-10.3%
Average Price per Square Foot ..............
$349
$351
$359
$384
10.0%
Properties Sold ...................................
48
24
51
31
-35.4%
Properties Pending Sale .......................
37
44
55
37
0.0%
Properties For Sale ..............................
127
94
140
156
22.8%
Days on Market (Pending Sale) .............
27
25
30
62
126.1%
Month’s Supply of Inventory .................
2.6
3.9
2.7
5
90.2%
Percent Under Contract .......................
29.1%
46.8%
39.3%
23.7%
-18.6%
$751,500
$804,667
$795,000
$788,154
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $827
AUG SEP
$742,000
OCT NOV
MEDIAN SALES PRICE
DEC
$384
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$742 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN CLEMENTE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$955,000
$1,088,500
$1,097,500
$1,100,000
15.2%
Average Price per Square Foot ..............
$448
$397
$437
$469
4.7%
Properties Sold ...................................
71
32
80
71
0.0%
Properties Pending Sale .......................
84
77
76
58
-31.0%
Properties For Sale ..............................
323
265
317
299
-7.4%
Days on Market (Pending Sale) .............
53
52
46
43
-18.4%
Month’s Supply of Inventory .................
4.5
8.3
4
4.2
-7.4%
Percent Under Contract .......................
26.0%
29.1%
24.0%
19.4%
-25.4%
$947,296
$1,067,667
$1,082,333
$1,030,928
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$955
SEP
$1,100,000
OCT NOV
MEDIAN SALES PRICE
DEC
$469
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN JUAN CAPISTRANO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$937,500
$1,050,000
$1,353,851
$959,000
2.3%
Average Price per Square Foot ..............
$30
$25
$33
$42
40.0%
Properties Sold ...................................
30
25
33
42
40.0%
Properties Pending Sale .......................
35
26
33
35
0.0%
Properties For Sale ..............................
189
127
152
166
-12.2%
Days on Market (Pending Sale) .............
73
52
58
69
-5.1%
Month’s Supply of Inventory .................
6.3
5.1
4.6
4
-37.3%
Percent Under Contract .......................
18.5%
20.5%
21.7%
21.1%
13.9%
$985,000
$1,061,229
$946,175
$1,040,323
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$937
SEP
$959,000
OCT NOV
MEDIAN SALES PRICE
DEC
$42
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$959 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SEAL BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$892,500
$1,060,000
$997,000
$1,057,500
18.5%
Average Price per Square Foot ..............
$488
$494
$506
$609
24.8%
Properties Sold ...................................
17
13
17
14
-17.6%
Properties Pending Sale .......................
13
5
11
5
-61.5%
Properties For Sale ..............................
42
22
32
34
-19.0%
Days on Market (Pending Sale) .............
43
8
21
51
18.0%
Month’s Supply of Inventory .................
2.5
1.7
1.9
2.4
-1.7%
Percent Under Contract .......................
31.0%
22.7%
34.4%
14.7%
-52.5%
$982,163
$1,036,417
$1,040,667
$989,096
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$892
SEP
$1,057,500
OCT NOV
MEDIAN SALES PRICE
DEC
$609
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.057 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SHADY CANYON
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,600,000
$1,928,500
$2,312,444
$2,750,000
71.9%
Average Price per Square Foot ..............
$582
$660
$695
$711
22.2%
Properties Sold ...................................
17
8
16
11
-35.3%
Properties Pending Sale .......................
13
14
13
15
15.4%
Properties For Sale ..............................
101
74
94
96
-5.0%
Days on Market (Pending Sale) .............
53
53
29
95
80.9%
Month’s Supply of Inventory .................
5.9
9.2
5.9
8.7
46.9%
Percent Under Contract .......................
12.9%
18.9%
13.8%
15.6%
21.4%
$1,900,450
$2,251,907
$2,406,667
$2,008,150
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.600
SEP
$2,750,000
OCT NOV
MEDIAN SALES PRICE
DEC
$711
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.750 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TURTLE RIDGE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,585,000
$2,694,000
$1,650,000
$2,290,000
44.5%
Average Price per Square Foot ..............
$604
$733
$635
$729
20.7%
Properties Sold ...................................
2
2
1
5
150.0%
Properties Pending Sale .......................
4
3
3
3
-25.0%
Properties For Sale ..............................
31
20
22
24
-22.6%
Days on Market (Pending Sale) .............
56
164
21
65
16.5%
Month’s Supply of Inventory .................
15.5
10
22
4.8
-69.0%
Percent Under Contract .......................
12.9%
15.0%
13.6%
12.5%
-3.1%
$2,212,951
$2,463,048
$2,863,133
$2,388,229
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.585
SEP
$2,290,000
OCT NOV
MEDIAN SALES PRICE
DEC
$729
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.290 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
TURTLE ROCK
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,500,000
$1,566,000
$1,800,000
$2,199,900
46.7%
Average Price per Square Foot ..............
$567
$632
$620
$646
13.9%
Properties Sold ...................................
11
6
9
3
-72.7%
Properties Pending Sale .......................
7
9
7
7
0.0%
Properties For Sale ..............................
33
25
34
33
0.0%
Days on Market (Pending Sale) .............
26
23
11
52
102.8%
Month’s Supply of Inventory .................
3
4.2
3.8
11
266.7%
Percent Under Contract .......................
21.2%
36.0%
20.6%
21.2%
0.0%
$1,782,714
$1,858,733
$1,882,467
$1,778,915
-0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$2,199,900
OCT NOV
MEDIAN SALES PRICE
DEC
$646
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.199 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WESTMINSTER
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$650,000
$672,500
$650,000
$672,000
3.4%
Average Price per Square Foot ..............
$393
$370
$441
$432
9.9%
Properties Sold ...................................
34
28
41
29
-14.7%
Properties Pending Sale .......................
35
22
39
35
0.0%
Properties For Sale ..............................
97
64
102
91
-6.2%
Days on Market (Pending Sale) .............
38
22
16
31
-19.7%
Month’s Supply of Inventory .................
2.9
2.3
2.5
3.1
10.0%
Percent Under Contract .......................
36.1%
34.4%
38.2%
38.5%
6.6%
$628,542
$678,667
$680,667
$662,458
5.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$650
SEP
$672,000
OCT NOV
MEDIAN SALES PRICE
DEC
$432
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$672 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,965,000
$1,800,000
$1,792,000
$1,800,000
-8.4%
Average Price per Square Foot ..............
$753
$982
$745
$645
-14.3%
Properties Sold ...................................
18
9
9
11
-38.9%
Properties Pending Sale .......................
14
6
13
5
-64.3%
Properties For Sale ..............................
56
35
62
62
10.7%
Days on Market (Pending Sale) .............
62
30
37
62
0.3%
Month’s Supply of Inventory .................
3.1
3.9
6.9
5.6
81.2%
Percent Under Contract .......................
25.0%
17.1%
21.0%
8.1%
-67.7%
$1,703,167
$1,903,333
$2,080,000
$1,888,383
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.965
SEP
$1,800,000
OCT NOV
MEDIAN SALES PRICE
DEC
$645
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST NEWPORT - LIDO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,100,000
$1,645,000
$3,412,500
$2,650,000
-14.5%
Average Price per Square Foot ..............
$1,411
$1,366
$1,588
$1,082
-23.3%
Properties Sold ...................................
13
5
10
7
-46.2%
Properties Pending Sale .......................
15
9
12
6
-60.0%
Properties For Sale ..............................
64
48
57
36
-43.8%
Days on Market (Pending Sale) .............
94
78
74
100
6.8%
Month’s Supply of Inventory .................
4.9
9.6
5.7
5.1
4.5%
Percent Under Contract .......................
23.4%
18.8%
21.1%
16.7%
-28.9%
$2,721,000
$3,082,937
$2,680,373
$3,079,432
13.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.100
SEP
$2,650,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,082
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : August 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : August 2018
CARPINTERIA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,097,500
$1,357,500
$1,094,500
$0
-100.0%
Average Price per Square Foot ..............
$778
$985
$660
$0
-100.0%
Properties Sold ...................................
8
2
8
0
-100.0%
Properties Pending Sale .......................
12
4
8
9
-25.0%
Properties For Sale ..............................
46
19
30
44
-4.3%
Days on Market (Pending Sale) .............
60
56
17
67
10.8%
Month’s Supply of Inventory .................
5.8
9.5
3.8
n/a
n/a
Percent Under Contract .......................
26.1%
21.1%
26.7%
20.5%
-21.6%
$1,085,250
$1,050,458
$1,125,000
$1,101,399
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.097
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
GOLETA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$867,500
$860,000
$944,000
$909,000
4.8%
Average Price per Square Foot ..............
$592
$496
$503
$500
-15.5%
Properties Sold ...................................
14
5
14
7
-50.0%
Properties Pending Sale .......................
13
6
15
11
-15.4%
Properties For Sale ..............................
34
22
40
28
-17.6%
Days on Market (Pending Sale) .............
27
17
7
24
-8.5%
Month’s Supply of Inventory .................
2.4
4.4
2.9
4
64.7%
Percent Under Contract .......................
38.2%
27.3%
37.5%
39.3%
2.7%
$819,021
$895,691
$919,258
$876,819
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$909,000
OCT NOV
MEDIAN SALES PRICE
DEC
$500
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$909 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
HOPE RANCH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,100,000
$3,770,850
$10,000,000
$3,800,000
81.0%
Average Price per Square Foot ..............
$616
$793
$1,799
$1,238
101.0%
Properties Sold ...................................
1
6
3
3
200.0%
Properties Pending Sale .......................
3
5
1
4
33.3%
Properties For Sale ..............................
37
28
30
33
-10.8%
Days on Market (Pending Sale) .............
500
107
322
20
-96.0%
Month’s Supply of Inventory .................
37
4.7
10
11
-70.3%
Percent Under Contract .......................
8.1%
17.9%
3.3%
12.1%
49.5%
$3,017,960
$5,148,333
$4,750,000
$4,529,623
50.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.100
SEP
$3,800,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,238
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$3.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MONTECITO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$3,375,000
$2,357,272
$2,775,000
$4,400,000
30.4%
Average Price per Square Foot ..............
$980
$1,085
$1,186
$1,149
17.2%
Properties Sold ...................................
28
8
11
14
-50.0%
Properties Pending Sale .......................
19
11
16
15
-21.1%
Properties For Sale ..............................
170
121
143
163
-4.1%
Days on Market (Pending Sale) .............
99
83
45
85
-13.5%
Month’s Supply of Inventory .................
6.1
15.1
13
11.6
91.8%
Percent Under Contract .......................
11.2%
9.1%
11.2%
9.2%
-17.7%
$3,066,271
$3,068,333
$3,228,333
$2,921,014
-4.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$3.375
SEP
$4,400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,149
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$4.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA BARBARA EAST OF STATE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,549,500
$1,416,000
$1,473,750
$1,287,500
-16.9%
Average Price per Square Foot ..............
$700
$744
$753
$654
-6.6%
Properties Sold ...................................
32
24
24
40
25.0%
Properties Pending Sale .......................
35
24
34
27
-22.9%
Properties For Sale ..............................
137
104
164
155
13.1%
Days on Market (Pending Sale) .............
45
22
35
47
4.1%
Month’s Supply of Inventory .................
4.3
4.3
6.8
3.9
-9.5%
Percent Under Contract .......................
25.5%
23.1%
20.7%
17.4%
-31.8%
$1,265,896
$1,362,208
$1,273,458
$1,442,280
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.549
SEP
$1,287,500
OCT NOV
MEDIAN SALES PRICE
DEC
$654
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.287 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA BARBARA WEST OF STATE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,219,250
$1,296,500
$1,067,500
$1,025,000
-15.9%
Average Price per Square Foot ..............
$753
$754
$766
$790
4.9%
Properties Sold ...................................
20
14
22
29
45.0%
Properties Pending Sale .......................
21
17
21
26
23.8%
Properties For Sale ..............................
76
61
94
104
36.8%
Days on Market (Pending Sale) .............
29
21
24
38
29.9%
Month’s Supply of Inventory .................
3.8
4.4
4.3
3.6
-5.6%
Percent Under Contract .......................
27.6%
27.9%
22.3%
25.0%
-9.5%
$1,145,075
$1,211,103
$1,161,539
$1,166,528
1.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.219
SEP
$1,025,000
OCT NOV
MEDIAN SALES PRICE
DEC
$790
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.025 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA YNEZ
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$779,750
$800,000
$802,750
$812,750
4.2%
Average Price per Square Foot ..............
$449
$366
$373
$404
-10.0%
Properties Sold ...................................
18
11
18
26
44.4%
Properties Pending Sale .......................
25
14
32
18
-28.0%
Properties For Sale ..............................
172
131
157
138
-19.8%
Days on Market (Pending Sale) .............
86
131
98
152
76.4%
Month’s Supply of Inventory .................
9.6
11.9
8.7
5.3
-44.5%
Percent Under Contract .......................
14.5%
10.7%
20.4%
13.0%
-10.3%
$844,902
$916,875
$941,167
$918,308
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$779
SEP
$812,750
OCT NOV
MEDIAN SALES PRICE
DEC
$404
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$812 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
2018-08-01T00:00:00.000
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$0
$118
n/a
n/a
n/a
Average Price per Square Foot ..............
$0
$122
n/a
n/a
n/a
Properties Sold ...................................
0
82
n/a
n/a
n/a
Properties Pending Sale .......................
0
117
n/a
n/a
n/a
Properties For Sale ..............................
0
120
n/a
n/a
n/a
Days on Market (Pending Sale) .............
0
81
n/a
n/a
n/a
Month’s Supply of Inventory .................
0
46.7
n/a
n/a
n/a
Percent Under Contract .......................
0.0%
11243.5%
n/a
n/a
n/a
$0
$59
n/a
n/a
n/a
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$783
SEP
NO SALES
OCT NOV
MEDIAN SALES PRICE
DEC
NO SALES
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
NO SALES MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.136 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : August 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : August 2018
CARMEL
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,525,000
$1,900,000
$1,830,000
$1,522,500
-0.2%
Average Price per Square Foot ..............
$778
$1,118
$919
$1,037
33.3%
Properties Sold ...................................
27
19
36
20
-25.9%
Properties Pending Sale .......................
28
19
28
24
-14.3%
Properties For Sale ..............................
205
142
163
167
-18.5%
Days on Market (Pending Sale) .............
114
54
53
118
3.3%
Month’s Supply of Inventory .................
7.6
7.5
4.5
8.4
10.0%
Percent Under Contract .......................
13.7%
13.4%
17.2%
14.4%
5.2%
$1,483,492
$1,737,917
$1,746,667
$1,716,923
15.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.525
SEP
$1,522,500
OCT NOV
MEDIAN SALES PRICE
DEC
$1,037
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.522 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CARMEL VALLEY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,040,000
$1,077,000
$855,000
$907,200
-12.8%
Average Price per Square Foot ..............
$431
$518
$560
$553
28.3%
Properties Sold ...................................
9
5
13
9
0.0%
Properties Pending Sale .......................
8
8
15
10
25.0%
Properties For Sale ..............................
69
64
74
74
7.2%
Days on Market (Pending Sale) .............
94
101
101
138
47.3%
Month’s Supply of Inventory .................
7.7
12.8
5.7
8.2
7.2%
Percent Under Contract .......................
11.6%
12.5%
20.3%
13.5%
16.6%
$1,129,746
$1,138,638
$1,076,567
$1,067,948
-5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.040
SEP
$907,200
OCT NOV
MEDIAN SALES PRICE
DEC
$553
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$907 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MARINA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$548,500
$590,000
$605,000
$625,000
13.9%
Average Price per Square Foot ..............
$343
$364
$340
$372
8.5%
Properties Sold ...................................
14
9
17
14
0.0%
Properties Pending Sale .......................
14
19
23
17
21.4%
Properties For Sale ..............................
55
42
52
50
-9.1%
Days on Market (Pending Sale) .............
41
62
50
53
28.2%
Month’s Supply of Inventory .................
3.9
4.7
3.1
3.6
-9.1%
Percent Under Contract .......................
25.5%
45.2%
44.2%
34.0%
33.6%
$523,184
$602,167
$616,667
$580,654
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$548
SEP
$625,000
OCT NOV
MEDIAN SALES PRICE
DEC
$372
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MONTEREY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$769,500
$879,000
$890,000
$923,500
20.0%
Average Price per Square Foot ..............
$483
$479
$518
$505
4.6%
Properties Sold ...................................
20
15
21
22
10.0%
Properties Pending Sale .......................
13
23
23
15
15.4%
Properties For Sale ..............................
108
94
104
102
-5.6%
Days on Market (Pending Sale) .............
55
73
54
41
-24.9%
Month’s Supply of Inventory .................
5.4
6.3
5
4.6
-14.1%
Percent Under Contract .......................
12.0%
24.5%
22.1%
14.7%
22.2%
$768,550
$879,333
$879,500
$861,572
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$769
SEP
$923,500
OCT NOV
MEDIAN SALES PRICE
DEC
$505
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$923 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PACIFIC GROVE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$787,000
$949,000
$867,500
$850,000
8.0%
Average Price per Square Foot ..............
$586
$608
$675
$682
16.4%
Properties Sold ...................................
14
11
18
11
-21.4%
Properties Pending Sale .......................
13
14
18
21
61.5%
Properties For Sale ..............................
53
51
46
55
3.8%
Days on Market (Pending Sale) .............
36
28
66
54
52.2%
Month’s Supply of Inventory .................
3.8
4.6
2.6
5
32.1%
Percent Under Contract .......................
24.5%
27.5%
39.1%
38.2%
55.7%
$932,167
$930,583
$950,333
$934,192
0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$787
SEP
$850,000
OCT NOV
MEDIAN SALES PRICE
DEC
$682
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PEBBLE BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,091,944
$1,287,500
$1,597,500
$1,955,000
-6.5%
Average Price per Square Foot ..............
$787
$790
$802
$699
-11.2%
Properties Sold ...................................
14
10
12
10
-28.6%
Properties Pending Sale .......................
12
10
11
8
-33.3%
Properties For Sale ..............................
107
82
82
89
-16.8%
Days on Market (Pending Sale) .............
160
84
123
58
-64.1%
Month’s Supply of Inventory .................
7.6
8.2
6.8
8.9
16.4%
Percent Under Contract .......................
11.2%
12.2%
13.4%
9.0%
-19.9%
$1,682,954
$1,675,975
$1,740,283
$1,841,984
9.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.091
SEP
$1,955,000
OCT NOV
MEDIAN SALES PRICE
DEC
$699
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.955 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SALINAS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$507,000
$448,000
$535,000
$489,000
-3.6%
Average Price per Square Foot ..............
$312
$281
$334
$338
8.3%
Properties Sold ...................................
71
35
61
62
-12.7%
Properties Pending Sale .......................
51
39
65
64
25.5%
Properties For Sale ..............................
219
130
177
204
-6.8%
Days on Market (Pending Sale) .............
48
37
26
34
-27.5%
Month’s Supply of Inventory .................
3.1
3.7
2.9
3.3
6.7%
Percent Under Contract .......................
23.3%
30.0%
36.7%
31.4%
34.7%
$481,813
$515,292
$507,333
$496,635
3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $507
AUG SEP
$489,000
OCT NOV
MEDIAN SALES PRICE
DEC
$338
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$489 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SEASIDE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$486,550
$515,000
$556,500
$493,125
1.4%
Average Price per Square Foot ..............
$397
$385
$369
$412
3.8%
Properties Sold ...................................
19
7
17
20
5.3%
Properties Pending Sale .......................
14
19
21
14
0.0%
Properties For Sale ..............................
57
43
41
36
-36.8%
Days on Market (Pending Sale) .............
55
47
30
26
-52.7%
Month’s Supply of Inventory .................
3
6.1
2.4
1.8
-40.0%
Percent Under Contract .......................
24.6%
44.2%
51.2%
38.9%
58.3%
$513,846
$527,202
$531,170
$513,828
-0.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$486
SEP
$493,125
OCT NOV
MEDIAN SALES PRICE
DEC
$412
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
1.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$493 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN DIEGO COUNTY
SAN DIEGO MACRO
LA MESA
CARLSBAD
LEMON GROVE
CARMEL VALLEY
NATIONAL CITY
CHULA VISTA
OCEANSIDE
CORONADO
POWAY
DEL MAR
RANCHO BERNARDO
EL CAJON
SAN MARCOS
ENCINITAS
SANTEE
ESCONDIDO
SOLANA BEACH
IMPERIAL BEACH
VISTA
LA JOLLA
Micro Market Report : August 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : August 2018
SAN DIEGO COUNTY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$610,000
$610,000
$645,000
$668,500
9.6%
Average Price per Square Foot ..............
$369
$384
$395
$387
n/a
Properties Sold ...................................
2324
1430
2187
2016
-13.3%
Properties Pending Sale .......................
2129
1664
2316
1995
-6.3%
Properties For Sale ..............................
7,595
5,840
7,759
8,503
12.0%
Days on Market (Pending Sale) .............
36
33
32
36
0.4%
Month’s Supply of Inventory .................
3.3
4.1
3.5
4.2
29.1%
Percent Under Contract .......................
28.0%
28.5%
29.8%
23.5%
-16.3%
$583,300
$649,333
$658,667
$627,923
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$668,500
OCT NOV
MEDIAN SALES PRICE
DEC
$387
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$668 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$891,650
$860,000
$860,250
$778,000
-12.7%
Average Price per Square Foot ..............
$446
$507
$523
$484
n/a
Properties Sold ...................................
11
13
10
15
36.4%
Properties Pending Sale .......................
11
12
6
18
63.6%
Properties For Sale ..............................
28
28
32
48
71.4%
Days on Market (Pending Sale) .............
22
19
26
29
31.1%
Month’s Supply of Inventory .................
2.5
2.2
3.2
3.2
25.7%
Percent Under Contract .......................
39.3%
42.9%
18.8%
37.5%
-4.5%
$798,963
$858,958
$856,000
$857,397
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$891
SEP
$778,000
OCT NOV
MEDIAN SALES PRICE
DEC
$484
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$778 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CARLSBAD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$984,500
$976,000
$985,000
$1,045,000
6.1%
Average Price per Square Foot ..............
$376
$423
$410
$415
n/a
Properties Sold ...................................
99
55
85
103
4.0%
Properties Pending Sale .......................
95
65
123
96
1.1%
Properties For Sale ..............................
346
235
371
384
11.0%
Days on Market (Pending Sale) .............
32
36
29
38
15.9%
Month’s Supply of Inventory .................
3.5
4.3
4.4
3.7
6.7%
Percent Under Contract .......................
27.5%
27.7%
33.2%
25.0%
-8.9%
$910,259
$1,018,583
$1,051,500
$979,081
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $984
AUG SEP
$1,045,000
OCT NOV
MEDIAN SALES PRICE
DEC
$415
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.045 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CARMEL VALLEY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,188,045
$1,232,000
$1,345,000
$1,363,875
14.8%
Average Price per Square Foot ..............
$420
$478
$461
$446
n/a
Properties Sold ...................................
28
16
63
48
71.4%
Properties Pending Sale .......................
48
43
55
44
-8.3%
Properties For Sale ..............................
158
122
164
172
8.9%
Days on Market (Pending Sale) .............
29
33
25
46
56.6%
Month’s Supply of Inventory .................
5.6
7.6
2.6
3.6
-36.5%
Percent Under Contract .......................
30.4%
35.2%
33.5%
25.6%
-15.8%
$1,204,212
$1,351,396
$1,345,458
$1,271,166
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.188
SEP
$1,363,875
OCT NOV
MEDIAN SALES PRICE
DEC
$446
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.363 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CHULA VISTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$550,000
$570,000
$577,500
$590,000
7.3%
Average Price per Square Foot ..............
$285
$279
$291
$291
n/a
Properties Sold ...................................
159
104
150
135
-15.1%
Properties Pending Sale .......................
154
108
174
162
5.2%
Properties For Sale ..............................
488
362
482
556
13.9%
Days on Market (Pending Sale) .............
29
45
25
36
23.4%
Month’s Supply of Inventory .................
3.1
3.5
3.2
4.1
34.2%
Percent Under Contract .......................
31.6%
29.8%
36.1%
29.1%
-7.7%
$527,938
$572,083
$578,667
$567,115
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $550
AUG SEP
$590,000
OCT NOV
MEDIAN SALES PRICE
DEC
$291
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$628,962
$757,500
$710,000
$697,500
10.9%
Average Price per Square Foot ..............
$473
$492
$486
$490
n/a
Properties Sold ...................................
46
24
43
36
-21.7%
Properties Pending Sale .......................
37
32
34
43
16.2%
Properties For Sale ..............................
105
71
76
136
29.5%
Days on Market (Pending Sale) .............
19
14
17
25
32.3%
Month’s Supply of Inventory .................
2.3
3
1.8
3.8
65.5%
Percent Under Contract .......................
35.2%
45.1%
44.7%
31.6%
-10.3%
$625,884
$700,167
$695,833
$683,050
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$628
SEP
$697,500
OCT NOV
MEDIAN SALES PRICE
DEC
$490
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$697 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CORONADO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,732,500
$1,997,500
$1,817,500
$2,125,000
22.7%
Average Price per Square Foot ..............
$876
$930
$912
$928
n/a
Properties Sold ...................................
22
12
22
11
-50.0%
Properties Pending Sale .......................
15
10
14
11
-26.7%
Properties For Sale ..............................
123
97
113
125
1.6%
Days on Market (Pending Sale) .............
76
60
58
68
-9.5%
Month’s Supply of Inventory .................
5.6
8.1
5.1
11.4
103.3%
Percent Under Contract .......................
12.2%
10.3%
12.4%
8.8%
-27.8%
$1,675,438
$2,274,792
$2,283,333
$2,293,135
26.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.732
SEP
$2,125,000
OCT NOV
MEDIAN SALES PRICE
DEC
$928
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.125 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DEL MAR
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,767,813
$1,975,000
$2,072,500
$1,735,500
-1.8%
Average Price per Square Foot ..............
$929
$1,128
$1,329
$621
n/a
Properties Sold ...................................
20
15
16
4
-80.0%
Properties Pending Sale .......................
19
13
15
11
-42.1%
Properties For Sale ..............................
124
85
99
112
-9.7%
Days on Market (Pending Sale) .............
46
41
63
31
-32.5%
Month’s Supply of Inventory .................
6.2
5.7
6.2
28
351.6%
Percent Under Contract .......................
15.3%
15.3%
15.2%
9.8%
-35.9%
$1,796,797
$2,032,833
$1,983,167
$2,002,678
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$1.767
SEP
$1,735,500
OCT NOV
MEDIAN SALES PRICE
DEC
$621
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
28 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
EL CAJON
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$535,000
$511,500
$561,250
$607,250
13.5%
Average Price per Square Foot ..............
$293
$306
$303
$296
n/a
Properties Sold ...................................
111
86
94
106
-4.5%
Properties Pending Sale .......................
97
75
137
112
15.5%
Properties For Sale ..............................
334
277
386
456
36.5%
Days on Market (Pending Sale) .............
28
25
27
26
-8.7%
Month’s Supply of Inventory .................
3
3.2
4.1
4.3
43.0%
Percent Under Contract .......................
29.0%
27.1%
35.5%
24.6%
-15.4%
$497,292
$552,500
$573,250
$533,146
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$535
SEP
$607,250
OCT NOV
MEDIAN SALES PRICE
DEC
$296
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$607 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ENCINITAS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,325,000
$1,240,000
$1,280,000
$1,300,000
-1.9%
Average Price per Square Foot ..............
$510
$535
$520
$504
n/a
Properties Sold ...................................
54
33
47
35
-35.2%
Properties Pending Sale .......................
40
31
47
35
-12.5%
Properties For Sale ..............................
137
98
163
154
12.4%
Days on Market (Pending Sale) .............
69
17
39
45
-33.9%
Month’s Supply of Inventory .................
2.5
3
3.5
4.4
73.4%
Percent Under Contract .......................
29.2%
31.6%
28.8%
22.7%
-22.2%
$1,213,276
$1,250,000
$1,256,917
$1,239,962
2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.325
AUG SEP
$1,300,000
OCT NOV
MEDIAN SALES PRICE
DEC
$504
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ESCONDIDO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$535,000
$545,000
$575,000
$580,000
8.4%
Average Price per Square Foot ..............
$277
$290
$299
$289
n/a
Properties Sold ...................................
166
95
155
134
-19.3%
Properties Pending Sale .......................
140
117
143
144
2.9%
Properties For Sale ..............................
526
380
525
560
6.5%
Days on Market (Pending Sale) .............
43
27
37
37
-12.5%
Month’s Supply of Inventory .................
3.2
4
3.4
4.2
31.9%
Percent Under Contract .......................
26.6%
30.8%
27.2%
25.7%
-3.4%
$519,271
$573,067
$588,167
$550,877
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$535
SEP
$580,000
OCT NOV
MEDIAN SALES PRICE
DEC
$289
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
IMPERIAL-BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$585,000
$590,000
$603,000
$650,000
11.1%
Average Price per Square Foot ..............
$464
$385
$439
$417
n/a
Properties Sold ...................................
19
5
17
13
-31.6%
Properties Pending Sale .......................
16
11
17
14
-12.5%
Properties For Sale ..............................
42
53
51
44
4.8%
Days on Market (Pending Sale) .............
28
73
31
50
80.6%
Month’s Supply of Inventory .................
2.2
10.6
3
3.4
53.1%
Percent Under Contract .......................
38.1%
20.8%
33.3%
31.8%
-16.5%
$555,318
$610,833
$622,333
$594,846
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$650,000
OCT NOV
MEDIAN SALES PRICE
DEC
$417
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LA JOLLA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$2,450,000
$2,019,000
$1,867,000
$2,020,000
-17.6%
Average Price per Square Foot ..............
$17
$15
$33
$23
n/a
Properties Sold ...................................
17
15
33
23
35.3%
Properties Pending Sale .......................
36
34
33
23
-36.1%
Properties For Sale ..............................
274
208
244
254
-7.3%
Days on Market (Pending Sale) .............
80
63
68
52
-34.4%
Month’s Supply of Inventory .................
16.1
13.9
7.4
11
-31.5%
Percent Under Contract .......................
13.1%
16.3%
13.5%
9.1%
-31.1%
$2,055,667
$2,029,292
$1,951,667
$2,160,942
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$2.450
SEP
$2,020,000
OCT NOV
MEDIAN SALES PRICE
DEC
$23
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$2.020 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LA MESA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$599,500
$582,000
$575,000
$587,500
-2.0%
Average Price per Square Foot ..............
$332
$360
$344
$341
n/a
Properties Sold ...................................
68
45
67
46
-32.4%
Properties Pending Sale .......................
51
48
71
53
3.9%
Properties For Sale ..............................
159
160
201
219
37.7%
Days on Market (Pending Sale) .............
45
33
29
31
-32.0%
Month’s Supply of Inventory .................
3.1
3.3
2.8
4.8
52.7%
Percent Under Contract .......................
32.1%
30.0%
35.3%
24.2%
-24.6%
$549,779
$587,708
$592,083
$584,058
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $599
AUG SEP
$587,500
OCT NOV
MEDIAN SALES PRICE
DEC
$341
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$587 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$626,750
$640,000
$640,750
$635,000
1.3%
Average Price per Square Foot ..............
$418
$418
$454
$469
n/a
Properties Sold ...................................
20
15
26
21
5.0%
Properties Pending Sale .......................
24
13
21
26
8.3%
Properties For Sale ..............................
40
28
46
65
62.5%
Days on Market (Pending Sale) .............
19
20
15
18
-6.1%
Month’s Supply of Inventory .................
1.7
2.2
2.2
3.1
85.7%
Percent Under Contract .......................
60.0%
46.4%
45.7%
40.0%
-33.3%
$577,558
$637,604
$637,792
$627,644
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $626
AUG SEP
$635,000
OCT NOV
MEDIAN SALES PRICE
DEC
$469
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$635 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LEMON GROVE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$435,000
$455,000
$465,000
$467,500
7.5%
Average Price per Square Foot ..............
$284
$335
$315
$336
n/a
Properties Sold ...................................
25
22
29
21
-16.0%
Properties Pending Sale .......................
26
11
20
27
3.8%
Properties For Sale ..............................
68
40
48
70
2.9%
Days on Market (Pending Sale) .............
37
14
23
29
-21.9%
Month’s Supply of Inventory .................
2.6
3.6
2.4
3.3
27.5%
Percent Under Contract .......................
38.2%
27.5%
41.7%
38.6%
0.9%
$431,479
$465,917
$458,500
$455,308
5.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$467,500
OCT NOV
MEDIAN SALES PRICE
DEC
$336
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$467 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
NATIONAL CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$420,000
$435,000
$441,500
$443,500
5.6%
Average Price per Square Foot ..............
$337
$323
$321
$336
n/a
Properties Sold ...................................
25
15
18
10
-60.0%
Properties Pending Sale .......................
18
16
7
19
5.6%
Properties For Sale ..............................
59
45
33
52
-11.9%
Days on Market (Pending Sale) .............
28
61
22
54
94.0%
Month’s Supply of Inventory .................
3.3
2.8
4.7
5.2
58.6%
Percent Under Contract .......................
30.5%
35.6%
21.2%
36.5%
19.8%
$397,000
$427,083
$439,833
$430,012
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$420
SEP
$443,500
OCT NOV
MEDIAN SALES PRICE
DEC
$336
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$443 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
OCEANSIDE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$550,000
$539,550
$595,000
$575,450
4.6%
Average Price per Square Foot ..............
$301
$344
$309
$319
n/a
Properties Sold ...................................
171
88
134
120
-29.8%
Properties Pending Sale .......................
143
109
130
123
-14.0%
Properties For Sale ..............................
358
288
379
398
11.2%
Days on Market (Pending Sale) .............
30
24
33
33
9.4%
Month’s Supply of Inventory .................
2.1
3.3
2.8
3.3
58.4%
Percent Under Contract .......................
39.9%
37.8%
34.3%
30.9%
-22.6%
$1,060,500
$580,992
$585,983
$565,201
-87.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$575,450
OCT NOV
MEDIAN SALES PRICE
DEC
$319
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
POWAY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$759,950
$757,500
$816,500
$812,000
6.8%
Average Price per Square Foot ..............
$357
$360
$360
$369
n/a
Properties Sold ...................................
52
30
49
51
-1.9%
Properties Pending Sale .......................
46
35
56
43
-6.5%
Properties For Sale ..............................
179
114
171
187
4.5%
Days on Market (Pending Sale) .............
34
25
27
38
12.0%
Month’s Supply of Inventory .................
3.4
3.8
3.5
3.7
6.5%
Percent Under Contract .......................
25.7%
30.7%
32.7%
23.0%
-10.5%
$715,125
$786,583
$771,833
$764,150
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $759
AUG SEP
$812,000
OCT NOV
MEDIAN SALES PRICE
DEC
$369
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$812 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
RANCHO BERNARDO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$849,000
$832,500
$899,000
$877,500
3.4%
Average Price per Square Foot ..............
$364
$374
$406
$392
n/a
Properties Sold ...................................
101
54
95
104
3.0%
Properties Pending Sale .......................
91
69
109
87
-4.4%
Properties For Sale ..............................
285
236
344
387
35.8%
Days on Market (Pending Sale) .............
30
21
37
39
30.5%
Month’s Supply of Inventory .................
4.2
4.3
5
3.7
-12.0%
Percent Under Contract .......................
31.9%
29.2%
31.7%
22.5%
-29.6%
$800,230
$858,750
$868,167
$851,644
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$877,500
OCT NOV
MEDIAN SALES PRICE
DEC
$392
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$877 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN MARCOS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$640,000
$679,500
$695,000
$705,000
10.2%
Average Price per Square Foot ..............
$309
$322
$324
$312
n/a
Properties Sold ...................................
82
44
66
68
-17.1%
Properties Pending Sale .......................
70
62
85
66
-5.7%
Properties For Sale ..............................
194
145
243
244
25.8%
Days on Market (Pending Sale) .............
26
18
21
34
30.1%
Month’s Supply of Inventory .................
2.4
3.3
3.7
3.6
51.7%
Percent Under Contract .......................
36.1%
42.8%
35.0%
27.0%
-25.0%
$631,125
$692,303
$697,273
$666,717
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$640
SEP
$705,000
OCT NOV
MEDIAN SALES PRICE
DEC
$312
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$705 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SAN DIEGO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$646,000
$688,000
$692,500
$690,000
6.8%
Average Price per Square Foot ..............
$454
$476
$482
$483
n/a
Properties Sold ...................................
77
52
79
72
-6.5%
Properties Pending Sale .......................
72
57
61
87
20.8%
Properties For Sale ..............................
173
127
154
249
43.9%
Days on Market (Pending Sale) .............
20
17
17
24
22.0%
Month’s Supply of Inventory .................
2.2
2.4
1.9
3.5
53.9%
Percent Under Contract .......................
41.6%
44.9%
39.6%
34.9%
-16.0%
$617,424
$684,458
$681,000
$671,404
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $646
AUG SEP
$690,000
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
$690 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTEE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$525,000
$547,000
$555,000
$550,000
4.8%
Average Price per Square Foot ..............
$333
$331
$351
$338
n/a
Properties Sold ...................................
40
28
79
46
15.0%
Properties Pending Sale .......................
52
32
52
50
-3.8%
Properties For Sale ..............................
102
93
135
145
42.2%
Days on Market (Pending Sale) .............
21
25
19
32
53.6%
Month’s Supply of Inventory .................
2.6
3.3
1.7
3.2
23.6%
Percent Under Contract .......................
51.0%
34.4%
38.5%
34.5%
-32.4%
$490,837
$548,125
$555,000
$536,900
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $525
AUG SEP
$550,000
OCT NOV
MEDIAN SALES PRICE
DEC
$338
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SOLANA BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,425,000
$1,345,000
$1,910,000
$1,387,500
-2.6%
Average Price per Square Foot ..............
$900
$709
$911
$768
n/a
Properties Sold ...................................
13
8
7
12
-7.7%
Properties Pending Sale .......................
16
9
7
6
-62.5%
Properties For Sale ..............................
33
25
35
32
-3.0%
Days on Market (Pending Sale) .............
37
47
55
55
48.3%
Month’s Supply of Inventory .................
2.5
3.1
5
2.7
5.1%
Percent Under Contract .......................
48.5%
36.0%
20.0%
18.8%
-61.3%
$1,538,208
$1,724,833
$1,762,500
$1,643,712
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,387,500
OCT NOV
MEDIAN SALES PRICE
DEC
$768
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.387 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SPRING VALLEY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$455,000
$480,000
$475,000
$472,000
3.7%
Average Price per Square Foot ..............
$283
$281
$295
$300
n/a
Properties Sold ...................................
57
39
48
35
-38.6%
Properties Pending Sale .......................
48
39
64
50
4.2%
Properties For Sale ..............................
161
131
153
176
9.3%
Days on Market (Pending Sale) .............
28
20
34
30
5.3%
Month’s Supply of Inventory .................
2.8
3.4
3.2
5
78.0%
Percent Under Contract .......................
29.8%
29.8%
41.8%
28.4%
-4.7%
$443,325
$488,242
$480,667
$478,765
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$455
SEP
$472,000
OCT NOV
MEDIAN SALES PRICE
DEC
$300
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$472 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
VISTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$545,000
$561,250
$550,000
$568,000
4.2%
Average Price per Square Foot ..............
$285
$301
$312
$293
n/a
Properties Sold ...................................
89
58
80
75
-15.7%
Properties Pending Sale .......................
81
60
78
71
-12.3%
Properties For Sale ..............................
261
189
298
305
16.9%
Days on Market (Pending Sale) .............
40
37
28
31
-20.5%
Month’s Supply of Inventory .................
2.9
3.3
3.7
4.1
38.7%
Percent Under Contract .......................
31.0%
31.7%
26.2%
23.3%
-25.0%
$514,541
$557,167
$563,000
$555,331
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $545
AUG SEP
$568,000
OCT NOV
MEDIAN SALES PRICE
DEC
$293
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$568 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : August 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : August 2018
BERMUDA DUNES
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$326,000
$0
$400,000
$397,500
21.9%
Average Price per Square Foot ..............
$195
$0
$143
$176
-9.7%
Properties Sold ...................................
2
0
1
6
200.0%
Properties Pending Sale .......................
4
3
1
11
175.0%
Properties For Sale ..............................
17
20
25
52
205.9%
Days on Market (Pending Sale) .............
123
151
51
120
-1.9%
Month’s Supply of Inventory .................
8.5
n/a
25
8.7
2.0%
Percent Under Contract .......................
23.5%
15.0%
4.0%
21.2%
-10.1%
$460,917
$423,300
$393,250
$438,441
-5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$326
SEP
$397,500
OCT NOV
MEDIAN SALES PRICE
DEC
$176
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$397 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CATHEDRAL CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$299,900
$345,000
$300,000
$325,500
8.5%
Average Price per Square Foot ..............
$31
$19
$25
$50
61.3%
Properties Sold ...................................
31
19
25
50
61.3%
Properties Pending Sale .......................
19
26
27
65
242.1%
Properties For Sale ..............................
109
125
158
204
87.2%
Days on Market (Pending Sale) .............
88
61
40
65
-26.4%
Month’s Supply of Inventory .................
3.5
6.6
6.3
4.1
16.0%
Percent Under Contract .......................
17.4%
20.8%
17.1%
31.9%
82.8%
$287,046
$321,000
$331,667
$317,954
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$299
SEP
$325,500
OCT NOV
MEDIAN SALES PRICE
DEC
$50
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$325 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
COACHELLA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$210,000
$260,500
$245,000
$247,500
17.9%
Average Price per Square Foot ..............
$158
$123
$184
$175
10.8%
Properties Sold ...................................
2
4
3
14
600.0%
Properties Pending Sale .......................
3
3
6
21
600.0%
Properties For Sale ..............................
23
27
34
71
208.7%
Days on Market (Pending Sale) .............
11
107
30
31
169.3%
Month’s Supply of Inventory .................
11.5
6.8
11.3
5.1
-55.9%
Percent Under Contract .......................
13.0%
11.1%
17.6%
29.6%
126.8%
$218,908
$239,000
$228,167
$243,458
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$210
SEP
$247,500
OCT NOV
MEDIAN SALES PRICE
DEC
$175
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$247 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DESERT HOT SPRINGS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$199,000
$212,450
$215,000
$230,000
15.6%
Average Price per Square Foot ..............
$132
$141
$134
$143
8.3%
Properties Sold ...................................
27
22
27
57
111.1%
Properties Pending Sale .......................
29
35
34
61
110.3%
Properties For Sale ..............................
192
187
200
220
14.6%
Days on Market (Pending Sale) .............
76
67
71
65
-14.5%
Month’s Supply of Inventory .................
7.1
8.5
7.4
3.9
-45.7%
Percent Under Contract .......................
15.1%
18.7%
17.0%
27.7%
83.6%
$189,567
$218,500
$224,500
$217,035
12.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$199
SEP
$230,000
OCT NOV
MEDIAN SALES PRICE
DEC
$143
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.9 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$230 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
INDIAN WELLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$630,000
$470,000
$644,000
$775,000
23.0%
Average Price per Square Foot ..............
$1
$1
$2
$11
1000.0%
Properties Sold ...................................
1
1
2
11
1000.0%
Properties Pending Sale .......................
3
0
1
14
366.7%
Properties For Sale ..............................
22
41
76
97
340.9%
Days on Market (Pending Sale) .............
81
0
9
83
2.8%
Month’s Supply of Inventory .................
22
41
38
8.8
-59.9%
Percent Under Contract .......................
13.6%
0.0%
1.3%
14.4%
5.8%
$800,375
$606,800
$660,000
$661,682
-21.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$775,000
OCT NOV
MEDIAN SALES PRICE
DEC
$11
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
INDIO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$265,000
$277,000
$319,290
$324,250
22.4%
Average Price per Square Foot ..............
$151
$159
$173
$167
10.6%
Properties Sold ...................................
15
16
23
88
486.7%
Properties Pending Sale .......................
19
18
31
141
642.1%
Properties For Sale ..............................
98
133
232
461
370.4%
Days on Market (Pending Sale) .............
74
46
81
72
-2.7%
Month’s Supply of Inventory .................
6.5
8.3
10.1
5.2
-19.8%
Percent Under Contract .......................
19.4%
13.5%
13.4%
30.6%
57.8%
$269,285
$312,589
$319,082
$295,907
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$265
SEP
$324,250
OCT NOV
MEDIAN SALES PRICE
DEC
$167
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$324 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
LA QUINTA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$352,500
$397,000
$331,450
$434,500
23.3%
Average Price per Square Foot ..............
$210
$330
$202
$276
31.4%
Properties Sold ...................................
8
5
14
71
787.5%
Properties Pending Sale .......................
6
14
11
110
1733.3%
Properties For Sale ..............................
116
185
295
483
316.4%
Days on Market (Pending Sale) .............
180
63
81
89
-50.5%
Month’s Supply of Inventory .................
14.5
37
21.1
6.8
-53.1%
Percent Under Contract .......................
5.2%
7.6%
3.7%
22.8%
340.3%
$360,892
$389,742
$418,000
$386,765
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$352
SEP
$434,500
OCT NOV
MEDIAN SALES PRICE
DEC
$276
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
6.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$434 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PALM DESERT
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$402,500
$340,000
$358,000
$391,000
-2.9%
Average Price per Square Foot ..............
$12
$16
$13
$74
516.7%
Properties Sold ...................................
12
16
13
74
516.7%
Properties Pending Sale .......................
11
21
25
102
827.3%
Properties For Sale ..............................
86
167
237
390
353.5%
Days on Market (Pending Sale) .............
93
56
99
74
-20.1%
Month’s Supply of Inventory .................
7.2
10.4
18.2
5.3
-26.5%
Percent Under Contract .......................
12.8%
12.6%
10.5%
26.2%
104.5%
$342,473
$373,763
$384,858
$379,479
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$402
SEP
$391,000
OCT NOV
MEDIAN SALES PRICE
DEC
$74
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$391 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
PALM SPRINGS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$600,000
$621,000
$655,000
$589,500
-1.8%
Average Price per Square Foot ..............
$335
$56
$92
$82
-75.5%
Properties Sold ...................................
81
56
92
82
1.2%
Properties Pending Sale .......................
100
68
68
88
-12.0%
Properties For Sale ..............................
456
486
483
433
-5.0%
Days on Market (Pending Sale) .............
80
65
60
80
-0.2%
Month’s Supply of Inventory .................
5.6
8.7
5.2
5.3
-6.2%
Percent Under Contract .......................
21.9%
14.0%
14.1%
20.3%
-7.3%
$599,429
$638,083
$599,833
$627,204
4.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$600
SEP
$589,500
OCT NOV
MEDIAN SALES PRICE
DEC
$82
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$589 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
RANCHO MIRAGE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$542,500
$655,000
$621,750
$637,250
17.5%
Average Price per Square Foot ..............
$264
$254
$265
$230
-12.9%
Properties Sold ...................................
23
17
26
32
39.1%
Properties Pending Sale .......................
9
28
16
49
444.4%
Properties For Sale ..............................
121
195
219
262
116.5%
Days on Market (Pending Sale) .............
106
86
106
93
-13.1%
Month’s Supply of Inventory .................
5.3
11.5
8.4
8.2
55.6%
Percent Under Contract .......................
7.4%
14.4%
7.3%
18.7%
151.4%
$530,042
$588,417
$573,750
$583,712
9.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$542
SEP
$637,250
OCT NOV
MEDIAN SALES PRICE
DEC
$230
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$637 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
THOUSAND PALMS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$104,500
$225,999
$290,000
$202,650
93.9%
Average Price per Square Foot ..............
$94
$189
$167
$116
23.4%
Properties Sold ...................................
3
1
3
2
-33.3%
Properties Pending Sale .......................
2
0
3
5
150.0%
Properties For Sale ..............................
13
10
20
23
76.9%
Days on Market (Pending Sale) .............
57
0
42
39
-31.2%
Month’s Supply of Inventory .................
6.5
n/a
6.7
11.5
76.9%
Percent Under Contract .......................
15.4%
0.0%
15.0%
21.7%
41.3%
$138,684
$246,817
$239,217
$285,117
51.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$104
SEP
$202,650
OCT NOV
MEDIAN SALES PRICE
DEC
$116
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
11.5 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$202 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CONDOMINIUMS
BEVERLY CENTER - MIRACLE MILE
SANTA MONICA
BEVERLY HILLS
SHERMAN OAKS
BRENTWOOD
STUDIO CITY
CULVER CITY
VENICE
ENCINO
WEST HOLLYWOOD
MALIBU
WEST LA
MARINA DEL REY
WESTWOOD - CENTURY CITY
Micro Market Report : August 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : August 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$689,000
$557,000
$806,000
$835,000
21.2%
Average Price per Square Foot ..............
$668
$684
$568
$681
1.9%
Properties Sold ...................................
11
6
8
11
0.0%
Properties Pending Sale .......................
9
5
6
8
-11.1%
Properties For Sale ..............................
28
20
19
35
25.0%
Days on Market (Pending Sale) .............
62
36
32
20
-67.6%
Month’s Supply of Inventory .................
2.5
3.3
2.4
3.2
25.0%
Percent Under Contract .......................
32.1%
25.0%
31.6%
22.9%
-28.9%
$739,043
$886,000
$895,000
$790,231
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$689
SEP
$835,000
OCT NOV
MEDIAN SALES PRICE
DEC
$681
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$835 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BEVERLY HILLS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,210,200
$1,347,500
$1,160,063
$995,000
-17.8%
Average Price per Square Foot ..............
$767
$725
$743
$733
-4.4%
Properties Sold ...................................
14
8
16
7
-50.0%
Properties Pending Sale .......................
13
6
10
4
-69.2%
Properties For Sale ..............................
62
44
48
58
-6.5%
Days on Market (Pending Sale) .............
66
61
28
37
-43.6%
Month’s Supply of Inventory .................
4.4
5.5
3
8.3
87.1%
Percent Under Contract .......................
21.0%
13.6%
20.8%
6.9%
-67.1%
$1,303,788
$1,180,844
$1,137,000
$1,188,477
-8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.210
AUG SEP
$995,000
OCT NOV
MEDIAN SALES PRICE
DEC
$733
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
8.3 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$995 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
BRENTWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$872,500
$932,000
$942,500
$1,053,000
20.7%
Average Price per Square Foot ..............
$652
$652
$645
$686
5.2%
Properties Sold ...................................
14
8
14
19
35.7%
Properties Pending Sale .......................
19
11
15
9
-52.6%
Properties For Sale ..............................
55
44
61
49
-10.9%
Days on Market (Pending Sale) .............
49
33
43
29
-39.5%
Month’s Supply of Inventory .................
3.9
5.5
4.4
2.6
-34.4%
Percent Under Contract .......................
34.5%
25.0%
24.6%
18.4%
-46.8%
$855,504
$984,225
$1,035,283
$936,565
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$872
SEP
$1,053,000
OCT NOV
MEDIAN SALES PRICE
DEC
$686
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.053 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
CULVER CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$525,000
$580,500
$590,000
$588,000
12.0%
Average Price per Square Foot ..............
$512
$532
$646
$584
14.1%
Properties Sold ...................................
11
6
14
21
90.9%
Properties Pending Sale .......................
12
15
9
14
16.7%
Properties For Sale ..............................
28
28
28
43
53.6%
Days on Market (Pending Sale) .............
0
0
0
0
n/a
Month’s Supply of Inventory .................
26.9
20.5
39.8
25.7
-4.5%
Percent Under Contract .......................
42.9%
53.6%
32.1%
32.6%
-24.0%
$491,948
$579,125
$579,333
$560,558
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$588,000
OCT NOV
MEDIAN SALES PRICE
DEC
$584
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
25.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$588 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
DOWNTOWN
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$620,000
$630,000
$669,000
$710,000
14.5%
Average Price per Square Foot ..............
$698
$715
$688
$672
-3.7%
Properties Sold ...................................
43
29
34
37
-14.0%
Properties Pending Sale .......................
48
36
40
31
-35.4%
Properties For Sale ..............................
278
196
204
207
-25.5%
Days on Market (Pending Sale) .............
59
39
46
51
-13.3%
Month’s Supply of Inventory .................
6.5
6.8
6
5.6
-13.5%
Percent Under Contract .......................
17.3%
18.4%
19.6%
15.0%
-13.3%
$598,500
$648,265
$680,833
$640,238
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$620
SEP
$710,000
OCT NOV
MEDIAN SALES PRICE
DEC
$672
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$710 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
ENCINO
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$390,000
$540,000
$368,500
$454,000
16.4%
Average Price per Square Foot ..............
$344
$400
$382
$402
16.9%
Properties Sold ...................................
19
13
24
20
5.3%
Properties Pending Sale .......................
22
16
14
14
-36.4%
Properties For Sale ..............................
65
43
54
55
-15.4%
Days on Market (Pending Sale) .............
39
39
36
54
37.8%
Month’s Supply of Inventory .................
3.4
3.3
2.2
2.8
-19.6%
Percent Under Contract .......................
33.8%
37.2%
25.9%
25.5%
-24.8%
$365,729
$394,292
$390,333
$393,865
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$390
SEP
$454,000
OCT NOV
MEDIAN SALES PRICE
DEC
$402
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
2.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$454 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MALIBU
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$0
$725,000
$635,000
$1,261,575
n/a
Average Price per Square Foot ..............
$0
$720
$601
$865
n/a
Properties Sold ...................................
0
2
1
3
n/a
Properties Pending Sale .......................
2
2
1
3
50.0%
Properties For Sale ..............................
22
20
24
29
31.8%
Days on Market (Pending Sale) .............
17
48
33
74
350.5%
Month’s Supply of Inventory .................
n/a
10
24
0.4
n/a
Percent Under Contract .......................
9.1%
10.0%
4.2%
10.3%
13.8%
$665,750
$686,929
$762,192
$744,506
11.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG SEP
$1,261,575
OCT NOV
MEDIAN SALES PRICE
DEC
$865
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.261 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MALIBU BEACH
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$1,500,000
$785,000
$1,110,000
$1,400,000
-6.7%
Average Price per Square Foot ..............
$2,140
$789
$1,322
$2,357
10.1%
Properties Sold ...................................
1
1
2
1
0.0%
Properties Pending Sale .......................
2
0
1
1
-50.0%
Properties For Sale ..............................
12
13
16
17
41.7%
Days on Market (Pending Sale) .............
165
0
159
85
-48.3%
Month’s Supply of Inventory .................
12
13
8
0.2
-98.3%
Percent Under Contract .......................
16.7%
0.0%
6.2%
5.9%
-64.7%
$594,545
$1,118,542
$1,182,083
$1,090,631
83.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,400,000
OCT NOV
MEDIAN SALES PRICE
DEC
$2,357
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
0.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MARINA DEL REY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$900,000
$935,000
$1,117,000
$1,035,000
15.0%
Average Price per Square Foot ..............
$752
$744
$777
$704
-6.4%
Properties Sold ...................................
23
14
20
34
47.8%
Properties Pending Sale .......................
22
16
19
24
9.1%
Properties For Sale ..............................
91
77
97
105
15.4%
Days on Market (Pending Sale) .............
49
24
27
46
-5.3%
Month’s Supply of Inventory .................
4
5.5
4.8
3.1
-21.9%
Percent Under Contract .......................
24.2%
20.8%
19.6%
22.9%
-5.5%
$923,845
$1,049,583
$1,041,000
$977,808
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$900
SEP
$1,035,000
OCT NOV
MEDIAN SALES PRICE
DEC
$704
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.1 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.035 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SANTA MONICA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$978,000
$1,187,500
$1,070,500
$1,026,000
4.9%
Average Price per Square Foot ..............
$1,000
$918
$984
$1,012
1.2%
Properties Sold ...................................
37
22
26
23
-37.8%
Properties Pending Sale .......................
35
24
31
25
-28.6%
Properties For Sale ..............................
100
102
125
111
11.0%
Days on Market (Pending Sale) .............
25
36
39
31
26.3%
Month’s Supply of Inventory .................
2.7
4.6
4.8
4.8
78.6%
Percent Under Contract .......................
35.0%
23.5%
24.8%
22.5%
-35.6%
$912,917
$1,060,250
$1,095,333
$1,067,981
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$978
SEP
$1,026,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,012
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.8 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.026 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
SHERMAN OAKS
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$538,000
$566,000
$580,000
$532,500
-1.0%
Average Price per Square Foot ..............
$387
$397
$416
$423
9.3%
Properties Sold ...................................
34
12
12
22
-35.3%
Properties Pending Sale .......................
22
20
20
19
-13.6%
Properties For Sale ..............................
66
42
65
92
39.4%
Days on Market (Pending Sale) .............
46
27
33
35
-25.2%
Month’s Supply of Inventory .................
1.9
3.5
5.4
4.2
115.4%
Percent Under Contract .......................
33.3%
47.6%
30.8%
20.7%
-38.0%
$476,000
$541,308
$523,667
$528,104
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $538
AUG SEP
$532,500
OCT NOV
MEDIAN SALES PRICE
DEC
$423
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4.2 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$532 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
STUDIO CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$596,000
$690,000
$640,000
$634,500
6.5%
Average Price per Square Foot ..............
$480
$542
$486
$456
-5.0%
Properties Sold ...................................
20
4
9
14
-30.0%
Properties Pending Sale .......................
14
9
11
9
-35.7%
Properties For Sale ..............................
49
20
35
38
-22.4%
Days on Market (Pending Sale) .............
46
48
25
27
-40.4%
Month’s Supply of Inventory .................
2.4
5
3.9
2.7
10.8%
Percent Under Contract .......................
28.6%
45.0%
31.4%
23.7%
-17.1%
$599,771
$670,333
$689,667
$690,769
15.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$596
SEP
$634,500
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
$634 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
VENICE
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$0
$1,525,000
$1,605,000
$1,160,000
n/a
Average Price per Square Foot ..............
$0
$790
$960
$1,022
n/a
Properties Sold ...................................
0
3
2
3
n/a
Properties Pending Sale .......................
5
1
2
2
-60.0%
Properties For Sale ..............................
22
13
13
12
-45.5%
Days on Market (Pending Sale) .............
27
152
63
93
239.4%
Month’s Supply of Inventory .................
n/a
4.3
6.5
4
n/a
Percent Under Contract .......................
22.7%
7.7%
15.4%
16.7%
-26.7%
$1,036,955
$1,620,250
$1,595,417
$1,421,477
37.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG SEP
$1,160,000
OCT NOV
MEDIAN SALES PRICE
DEC
$1,022
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
4 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.160 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST HOLLYWOOD
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$740,000
$602,000
$810,000
$755,000
2.0%
Average Price per Square Foot ..............
$717
$673
$745
$717
0.0%
Properties Sold ...................................
39
18
28
32
-17.9%
Properties Pending Sale .......................
31
29
29
28
-9.7%
Properties For Sale ..............................
122
98
102
117
-4.1%
Days on Market (Pending Sale) .............
44
37
44
28
-37.6%
Month’s Supply of Inventory .................
3.1
5.4
3.6
3.7
16.9%
Percent Under Contract .......................
25.4%
29.6%
28.4%
23.9%
-5.8%
$692,708
$764,417
$757,500
$738,500
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$755,000
OCT NOV
MEDIAN SALES PRICE
DEC
$717
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$755 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WEST LA
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$830,833
$981,000
$936,000
$842,500
1.4%
Average Price per Square Foot ..............
$604
$576
$660
$613
1.5%
Properties Sold ...................................
20
6
12
10
-50.0%
Properties Pending Sale .......................
14
6
13
10
-28.6%
Properties For Sale ..............................
30
18
34
37
23.3%
Days on Market (Pending Sale) .............
44
23
37
22
-49.6%
Month’s Supply of Inventory .................
1.5
3
2.8
3.7
146.7%
Percent Under Contract .......................
46.7%
33.3%
38.2%
27.0%
-42.1%
$770,432
$877,620
$833,542
$863,312
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$842,500
OCT NOV
MEDIAN SALES PRICE
DEC
$613
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
3.7 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$842 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
WESTWOOD - CENTURY CITY
DATA*
Aug 2017
6 MONTH
3 MONTH
Aug 2018
% CHANGE
Median Price ......................................
$800,000
$949,000
$917,500
$1,001,500
25.2%
Average Price per Square Foot ..............
$683
$719
$686
$752
10.1%
Properties Sold ...................................
41
31
40
40
-2.4%
Properties Pending Sale .......................
44
50
53
45
2.3%
Properties For Sale ..............................
230
197
216
222
-3.5%
Days on Market (Pending Sale) .............
62
51
32
44
-28.3%
Month’s Supply of Inventory .................
5.6
6.4
5.4
5.6
-1.1%
Percent Under Contract .......................
19.1%
25.4%
24.5%
20.3%
6.0%
$868,458
$995,646
$1,032,333
$956,644
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT AUG
$800
SEP
$1,001,500
OCT NOV
MEDIAN SALES PRICE
DEC
$752
JAN FEB
AVERAGE PRICE PER SQ FT
MAR APR MAY
5.6 MONTH’S SUPPLY OF INVENTORY
JUN JUL AUG
$1.001 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : August 2018
MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH August 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego