micro market report luxury real estate market research December 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : December 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : December 2014
telesproperties.com
Los Angeles County DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$490,000
$536,000
$530,000
$500,000
2.0%
Average Price per Square Foot ...........................
$401
$414
$425
$404
0.7%
Properties Sold .......................................................
3118
4046
3814
4029
29.2%
Properties Pending Sale .......................................
2634
4184
3786
3393
28.8%
Properties For Sale ................................................
16,242
20,340
20,851
16,011
-1.4%
Days on Market (Pending Sale) ...........................
64
54
60
60
-6.2%
Month’s Supply of Inventory ................................
5.2
5
5.5
4
-23.7%
Percent Under Contract ........................................
16.2%
20.6%
18.2%
21.2%
30.7%
Average Median Price for Last 12 Months ........
$627,000
$528,333
$517,667
$514,692
-21.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$490
JAN
$500,000
FEB MAR
MEDIAN SALES PRICE
APR
$404
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,526,000
$2,300,000
$3,105,000
$1,622,500
6.3%
Average Price per Square Foot ...........................
$742
$970
$829
$981
32.2%
Properties Sold .......................................................
9
10
9
14
55.6%
Properties Pending Sale .......................................
8
11
7
9
12.5%
Properties For Sale ................................................
100
117
129
110
10.0%
Days on Market (Pending Sale) ...........................
124
81
60
94
-24.2%
Month’s Supply of Inventory ................................
11.1
11.7
14.3
7.9
-29.3%
Percent Under Contract ........................................
8.0%
9.4%
5.4%
8.2%
2.3%
Average Median Price for Last 12 Months ........
$1,893,000
$2,032,017
$1,694,533
$2,509,569
24.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.526
JAN
$1,622,500
FEB MAR
MEDIAN SALES PRICE
APR
$981
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.622 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,235,000
$1,429,000
$1,580,250
$1,330,000
7.7%
Average Price per Square Foot ...........................
$535
$738
$740
$629
17.6%
Properties Sold .......................................................
13
16
16
10
-23.1%
Properties Pending Sale .......................................
11
18
20
6
-45.5%
Properties For Sale ................................................
44
74
70
52
18.2%
Days on Market (Pending Sale) ...........................
50
20
41
59
18.0%
Month’s Supply of Inventory ................................
3.4
4.6
4.4
5.2
53.6%
Percent Under Contract ........................................
25.0%
24.3%
28.6%
11.5%
-53.8%
Average Median Price for Last 12 Months ........
$1,174,000
$1,374,883
$1,359,850
$1,327,658
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.235
JAN
$1,330,000
FEB MAR
MEDIAN SALES PRICE
APR
$629
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Beverly Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$6,219,900
$2,795,000
$4,300,000
$4,395,000
-29.3%
Average Price per Square Foot ...........................
$1,202
$1,182
$1,075
$2,031
69.0%
Properties Sold .......................................................
12
11
11
11
-8.3%
Properties Pending Sale .......................................
7
17
14
8
14.3%
Properties For Sale ................................................
79
97
100
84
6.3%
Days on Market (Pending Sale) ...........................
83
54
51
110
32.5%
Month’s Supply of Inventory ................................
6.6
8.8
9.1
7.6
16.0%
Percent Under Contract ........................................
8.9%
17.5%
14.0%
9.5%
7.5%
Average Median Price for Last 12 Months ........
$4,641,000
$4,004,167
$4,530,833
$4,538,108
-2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.219
DEC JAN
$4,395,000
FEB MAR
MEDIAN SALES PRICE
APR
$2,031
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,062,500
$1,580,000
$4,090,000
$3,225,000
56.4%
Average Price per Square Foot ...........................
$909
$786
$1,096
$761
-16.3%
Properties Sold .......................................................
12
10
6
14
16.7%
Properties Pending Sale .......................................
10
12
11
11
10.0%
Properties For Sale ................................................
110
129
127
123
11.8%
Days on Market (Pending Sale) ...........................
81
46
80
142
75.3%
Month’s Supply of Inventory ................................
9.2
12.9
21.2
8.8
-4.2%
Percent Under Contract ........................................
9.1%
9.3%
8.7%
8.9%
-1.6%
Average Median Price for Last 12 Months ........
$1,999,000
$2,922,750
$2,705,500
$2,539,154
21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.062
JAN
$3,225,000
FEB MAR
MEDIAN SALES PRICE
APR
$761
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Beverlywood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,287,500
$980,500
$1,015,000
$837,625
-34.9%
Average Price per Square Foot ...........................
$557
$627
$618
$558
0.2%
Properties Sold .......................................................
14
14
12
14
0.0%
Properties Pending Sale .......................................
9
16
19
13
44.4%
Properties For Sale ................................................
45
61
58
44
-2.2%
Days on Market (Pending Sale) ...........................
46
39
46
35
-23.9%
Month’s Supply of Inventory ................................
3.2
4.4
4.8
3.1
-2.2%
Percent Under Contract ........................................
20.0%
26.2%
32.8%
29.5%
47.7%
Average Median Price for Last 12 Months ........
$866,000
$960,521
$856,375
$971,702
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.287
DEC JAN
$837,625
FEB MAR
MEDIAN SALES PRICE
APR
$558
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$837 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Brentwood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,402,778
$2,730,000
$3,151,500
$2,099,855
-12.6%
Average Price per Square Foot ...........................
$889
$924
$979
$876
-1.5%
Properties Sold .......................................................
24
28
18
28
16.7%
Properties Pending Sale .......................................
15
21
20
15
0.0%
Properties For Sale ................................................
78
113
112
84
7.7%
Days on Market (Pending Sale) ...........................
56
59
58
68
21.4%
Month’s Supply of Inventory ................................
3.2
4
6.2
3
-7.7%
Percent Under Contract ........................................
19.2%
18.6%
17.9%
17.9%
-7.1%
Average Median Price for Last 12 Months ........
$2,317,000
$2,597,225
$2,438,117
$2,725,971
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.402
JAN
$2,099,855
FEB MAR
MEDIAN SALES PRICE
APR
$876
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.099 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,429,000
$1,765,000
$2,022,500
$1,675,000
17.2%
Average Price per Square Foot ...........................
$572
$735
$739
$672
17.5%
Properties Sold .......................................................
8
11
2
9
12.5%
Properties Pending Sale .......................................
3
5
7
8
166.7%
Properties For Sale ................................................
13
22
24
20
53.8%
Days on Market (Pending Sale) ...........................
41
43
26
42
2.4%
Month’s Supply of Inventory ................................
1.6
2
12
2.2
36.8%
Percent Under Contract ........................................
23.1%
22.7%
29.2%
40.0%
73.3%
Average Median Price for Last 12 Months ........
$1,391,000
$1,622,583
$1,656,667
$1,617,915
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.429
JAN
$1,675,000
FEB MAR
MEDIAN SALES PRICE
APR
$672
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Culver City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$900,000
$830,000
$813,000
$877,000
-2.6%
Average Price per Square Foot ...........................
$538
$545
$583
$577
7.2%
Properties Sold .......................................................
15
13
20
18
20.0%
Properties Pending Sale .......................................
7
10
17
12
71.4%
Properties For Sale ................................................
35
42
44
43
22.9%
Days on Market (Pending Sale) ...........................
42
19
41
24
-42.9%
Month’s Supply of Inventory ................................
2.3
3.2
2.2
2.4
2.4%
Percent Under Contract ........................................
20.0%
23.8%
38.6%
27.9%
39.5%
Average Median Price for Last 12 Months ........
$779,000
$840,633
$836,667
$823,908
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$900
JAN
$877,000
FEB MAR
MEDIAN SALES PRICE
APR
$577
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,150,000
$1,400,000
$1,330,000
$1,317,500
14.6%
Average Price per Square Foot ...........................
$504
$650
$562
$667
32.3%
Properties Sold .......................................................
25
22
13
24
-4.0%
Properties Pending Sale .......................................
18
22
19
20
11.1%
Properties For Sale ................................................
86
105
106
92
7.0%
Days on Market (Pending Sale) ...........................
40
53
59
60
50.0%
Month’s Supply of Inventory ................................
3.4
4.8
8.2
3.8
11.4%
Percent Under Contract ........................................
20.9%
21.0%
17.9%
21.7%
3.9%
Average Median Price for Last 12 Months ........
$1,146,000
$1,359,417
$1,302,500
$1,339,919
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.150
JAN
$1,317,500
FEB MAR
MEDIAN SALES PRICE
APR
$667
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.317 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Hollywood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$489,500
$1,007,614
$662,500
$700,000
43.0%
Average Price per Square Foot ...........................
$570
$572
$542
$464
-18.6%
Properties Sold .......................................................
4
10
4
9
125.0%
Properties Pending Sale .......................................
1
7
8
8
700.0%
Properties For Sale ................................................
10
22
27
40
300.0%
Days on Market (Pending Sale) ...........................
22
46
23
60
172.7%
Month’s Supply of Inventory ................................
2.5
2.2
6.8
4.4
77.8%
Percent Under Contract ........................................
10.0%
31.8%
29.6%
20.0%
100.0%
Average Median Price for Last 12 Months ........
$674,000
$740,500
$804,000
$908,551
25.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$489
JAN
$700,000
FEB MAR
MEDIAN SALES PRICE
APR
$464
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Hollywood Hills East DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,381,000
$1,101,650
$1,166,000
$1,437,500
4.1%
Average Price per Square Foot ...........................
$572
$563
$496
$689
20.5%
Properties Sold .......................................................
5
13
11
10
100.0%
Properties Pending Sale .......................................
11
16
13
7
-36.4%
Properties For Sale ................................................
46
66
67
61
32.6%
Days on Market (Pending Sale) ...........................
59
50
68
64
8.5%
Month’s Supply of Inventory ................................
4.2
4.1
5.2
6.1
45.9%
Percent Under Contract ........................................
23.9%
24.2%
19.4%
11.5%
-52.0%
Average Median Price for Last 12 Months ........
$1,043,000
$1,187,450
$1,208,250
$1,214,065
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.381
JAN
$1,437,500
FEB MAR
MEDIAN SALES PRICE
APR
$689
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Laurel Canyon DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,400,000
$1,150,000
$1,400,000
$1,205,000
-13.9%
Average Price per Square Foot ...........................
$835
$649
$727
$808
-3.2%
Properties Sold .......................................................
19
31
23
23
21.1%
Properties Pending Sale .......................................
116
30
21
27
-76.7%
Properties For Sale ................................................
118
140
135
127
7.6%
Days on Market (Pending Sale) ...........................
43
41
79
60
39.5%
Month’s Supply of Inventory ................................
1
4.7
6.4
5.5
442.8%
Percent Under Contract ........................................
98.3%
21.4%
15.6%
21.3%
-78.4%
Average Median Price for Last 12 Months ........
$1,216,000
$1,417,167
$1,408,333
$1,374,572
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.400
JAN
$1,205,000
FEB MAR
MEDIAN SALES PRICE
APR
$808
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Los Feliz DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,685,000
$1,312,500
$1,063,500
$1,417,900
-15.9%
Average Price per Square Foot ...........................
$575
$627
$626
$724
25.9%
Properties Sold .......................................................
17
22
19
22
29.4%
Properties Pending Sale .......................................
14
26
16
15
7.1%
Properties For Sale ................................................
71
99
72
69
-2.8%
Days on Market (Pending Sale) ...........................
31
47
54
59
90.3%
Month’s Supply of Inventory ................................
5.1
3.8
4.5
3.1
-38.2%
Percent Under Contract ........................................
19.7%
26.3%
22.2%
21.7%
10.2%
Average Median Price for Last 12 Months ........
$1,177,000
$1,331,117
$1,410,733
$1,302,208
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.685
JAN
$1,417,900
FEB MAR
MEDIAN SALES PRICE
APR
$724
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.417 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Malibu DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$3,370,000
$2,200,000
$3,250,000
$2,520,000
-25.2%
Average Price per Square Foot ...........................
$625
$977
$1,317
$800
28.0%
Properties Sold .......................................................
13
11
15
17
30.8%
Properties Pending Sale .......................................
9
14
16
18
100.0%
Properties For Sale ................................................
175
209
211
188
7.4%
Days on Market (Pending Sale) ...........................
170
87
127
145
-14.7%
Month’s Supply of Inventory ................................
13.5
19
14.1
11.1
-17.8%
Percent Under Contract ........................................
5.1%
6.7%
7.6%
9.6%
86.2%
Average Median Price for Last 12 Months ........
$2,001,000
$2,547,917
$2,499,167
$2,463,035
18.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.370
DEC JAN
$2,520,000
FEB MAR
MEDIAN SALES PRICE
APR
$800
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
11.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Malibu Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$4,300,000
$5,600,000
$7,950,000
$4,700,000
9.3%
Average Price per Square Foot ...........................
$2,042
$1,617
$2,488
$2,000
-2.1%
Properties Sold .......................................................
9
5
3
3
-66.7%
Properties Pending Sale .......................................
2
6
4
4
100.0%
Properties For Sale ................................................
60
82
72
67
11.7%
Days on Market (Pending Sale) ...........................
142
206
192
204
43.7%
Month’s Supply of Inventory ................................
6.7
16.4
24
22.3
235.0%
Percent Under Contract ........................................
3.3%
7.3%
5.6%
6.0%
79.1%
Average Median Price for Last 12 Months ........
$6,553,000
$7,488,750
$8,741,667
$6,620,683
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$4.300
JAN
$4,700,000
FEB MAR
MEDIAN SALES PRICE
APR
$2,000
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
22.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Marina Del Rey DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,695,000
$3,081,000
$1,557,500
$1,602,500
-5.5%
Average Price per Square Foot ...........................
$640
$588
$602
$663
3.6%
Properties Sold .......................................................
3
3
6
2
-33.3%
Properties Pending Sale .......................................
2
1
4
4
100.0%
Properties For Sale ................................................
20
20
24
24
20.0%
Days on Market (Pending Sale) ...........................
118
24
45
65
-44.9%
Month’s Supply of Inventory ................................
6.7
6.7
4
12
80.0%
Percent Under Contract ........................................
10.0%
5.0%
16.7%
16.7%
66.7%
Average Median Price for Last 12 Months ........
$1,564,000
$1,346,000
$1,194,167
$1,626,333
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.695
JAN
$1,602,500
FEB MAR
MEDIAN SALES PRICE
APR
$663
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
12 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.602 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Mid Los Angeles DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$500,000
$585,000
$580,000
$450,000
-10.0%
Average Price per Square Foot ...........................
$343
$318
$387
$311
-9.3%
Properties Sold .......................................................
19
19
12
37
94.7%
Properties Pending Sale .......................................
14
17
20
30
114.3%
Properties For Sale ................................................
57
66
84
135
136.8%
Days on Market (Pending Sale) ...........................
91
33
32
75
-17.6%
Month’s Supply of Inventory ................................
3
3.5
7
3.6
21.6%
Percent Under Contract ........................................
24.6%
25.8%
23.8%
22.2%
-9.5%
Average Median Price for Last 12 Months ........
$440,000
$518,767
$471,200
$517,820
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$500
JAN
$450,000
FEB MAR
MEDIAN SALES PRICE
APR
$311
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Mid Wilshire DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$647,500
$695,000
$739,500
$572,500
-11.6%
Average Price per Square Foot ...........................
$273
$278
$292
$322
17.9%
Properties Sold .......................................................
1
1
4
6
500.0%
Properties Pending Sale .......................................
0
11
3
6
0%
Properties For Sale ................................................
10
24
11
30
200.0%
Days on Market (Pending Sale) ...........................
0
41
84
40
0%
Month’s Supply of Inventory ................................
10
24
2.8
5
-50.0%
Percent Under Contract ........................................
0.0%
45.8%
27.3%
20.0%
0%
Average Median Price for Last 12 Months ........
$514,000
$599,000
$527,500
$620,318
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$647
JAN
$572,500
FEB MAR
MEDIAN SALES PRICE
APR
$322
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$572 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Pacific Palisades DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,805,000
$2,550,000
$2,410,000
$1,990,000
-29.1%
Average Price per Square Foot ...........................
$876
$873
$1,025
$870
-0.7%
Properties Sold .......................................................
22
33
24
15
-31.8%
Properties Pending Sale .......................................
9
36
28
11
22.2%
Properties For Sale ................................................
89
119
120
96
7.9%
Days on Market (Pending Sale) ...........................
68
46
68
86
26.5%
Month’s Supply of Inventory ................................
4
3.6
5
6.4
58.2%
Percent Under Contract ........................................
10.1%
30.3%
23.3%
11.5%
13.3%
Average Median Price for Last 12 Months ........
$2,251,000
$2,371,145
$2,243,133
$2,564,721
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.805
DEC JAN
$1,990,000
FEB MAR
MEDIAN SALES PRICE
APR
$870
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Palms - Mar Vista DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,050,000
$1,066,000
$945,000
$1,175,000
11.9%
Average Price per Square Foot ...........................
$606
$685
$621
$629
3.8%
Properties Sold .......................................................
27
26
17
31
14.8%
Properties Pending Sale .......................................
13
39
28
29
123.1%
Properties For Sale ................................................
49
91
85
67
36.7%
Days on Market (Pending Sale) ...........................
37
27
42
42
13.5%
Month’s Supply of Inventory ................................
1.8
3.5
5
2.2
19.1%
Percent Under Contract ........................................
26.5%
42.9%
32.9%
43.3%
63.1%
Average Median Price for Last 12 Months ........
$910,000
$1,067,358
$1,168,382
$1,063,588
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.050
JAN
$1,175,000
FEB MAR
MEDIAN SALES PRICE
APR
$629
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Playa Del Rey DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,015,000
$922,500
$1,299,000
$1,108,000
9.2%
Average Price per Square Foot ...........................
$578
$649
$583
$540
-6.6%
Properties Sold .......................................................
1
4
5
4
300.0%
Properties Pending Sale .......................................
2
3
3
5
150.0%
Properties For Sale ................................................
14
18
17
22
57.1%
Days on Market (Pending Sale) ...........................
35
14
50
59
68.6%
Month’s Supply of Inventory ................................
14
4.5
3.4
5.5
-60.7%
Percent Under Contract ........................................
14.3%
16.7%
17.6%
22.7%
59.1%
Average Median Price for Last 12 Months ........
$1,154,000
$1,193,500
$1,105,000
$1,204,866
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.015
JAN
$1,108,000
FEB MAR
MEDIAN SALES PRICE
APR
$540
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.108 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Playa Vista DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,460,000
$1,242,000
$1,555,000
$2,128,050
45.8%
Average Price per Square Foot ...........................
$388
$473
$450
$544
40.2%
Properties Sold .......................................................
1
5
1
2
100.0%
Properties Pending Sale .......................................
2
4
5
0
-100.0%
Properties For Sale ................................................
5
9
8
4
-20.0%
Days on Market (Pending Sale) ...........................
67
26
35
0
-100.0%
Month’s Supply of Inventory ................................
5
1.8
8
2
-60.0%
Percent Under Contract ........................................
40.0%
44.4%
62.5%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,354,000
$1,350,467
$1,510,433
$1,293,980
-4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.460
JAN
$2,128,050
FEB MAR
MEDIAN SALES PRICE
APR
$544
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.128 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Monica DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,510,000
$2,160,000
$1,929,500
$2,510,000
66.2%
Average Price per Square Foot ...........................
$923
$971
$1,013
$1,119
21.2%
Properties Sold .......................................................
21
23
24
22
4.8%
Properties Pending Sale .......................................
11
30
24
16
45.5%
Properties For Sale ................................................
63
99
82
66
4.8%
Days on Market (Pending Sale) ...........................
58
46
45
41
-29.3%
Month’s Supply of Inventory ................................
3
4.3
3.4
3
0.0%
Percent Under Contract ........................................
17.5%
30.3%
29.3%
24.2%
38.8%
Average Median Price for Last 12 Months ........
$2,013,000
$2,095,725
$2,306,367
$1,980,065
-1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.510
JAN
$2,510,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,119
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,656,500
$1,660,000
$1,930,000
$1,600,000
-3.4%
Average Price per Square Foot ...........................
$874
$631
$963
$1,014
16.0%
Properties Sold .......................................................
28
33
29
37
32.1%
Properties Pending Sale .......................................
21
39
29
37
76.2%
Properties For Sale ................................................
224
264
266
251
12.1%
Days on Market (Pending Sale) ...........................
60
49
69
76
26.7%
Month’s Supply of Inventory ................................
8
8
9.2
6.8
-15.2%
Percent Under Contract ........................................
9.4%
14.8%
10.9%
14.7%
57.2%
Average Median Price for Last 12 Months ........
$1,479,000
$1,867,588
$1,833,508
$1,746,443
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.656
JAN
$1,600,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,014
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Venice DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,175,000
$1,725,000
$1,400,000
$1,653,500
40.7%
Average Price per Square Foot ...........................
$878
$948
$887
$901
2.6%
Properties Sold .......................................................
17
24
7
20
17.6%
Properties Pending Sale .......................................
12
16
16
8
-33.3%
Properties For Sale ................................................
53
62
59
54
1.9%
Days on Market (Pending Sale) ...........................
75
23
89
50
-33.3%
Month’s Supply of Inventory ................................
3.1
2.6
8.4
2.7
-13.4%
Percent Under Contract ........................................
22.6%
25.8%
27.1%
14.8%
-34.6%
Average Median Price for Last 12 Months ........
$1,359,000
$1,632,479
$1,614,958
$1,555,590
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.175
JAN
$1,653,500
FEB MAR
MEDIAN SALES PRICE
APR
$901
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.653 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West Hollywood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,261,250
$1,125,000
$1,280,000
$949,000
-24.8%
Average Price per Square Foot ...........................
$680
$679
$799
$795
16.9%
Properties Sold .......................................................
8
13
10
11
37.5%
Properties Pending Sale .......................................
14
12
7
10
-28.6%
Properties For Sale ................................................
46
45
46
50
8.7%
Days on Market (Pending Sale) ...........................
51
34
94
54
5.9%
Month’s Supply of Inventory ................................
5.8
3.5
4.6
4.5
-20.9%
Percent Under Contract ........................................
30.4%
26.7%
15.2%
20.0%
-34.3%
Average Median Price for Last 12 Months ........
$1,095,000
$1,125,688
$996,000
$1,156,371
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.261
DEC JAN
$949,000
FEB MAR
MEDIAN SALES PRICE
APR
$795
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West Los Angeles DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$835,500
$875,000
$890,000
$845,000
1.1%
Average Price per Square Foot ...........................
$477
$608
$627
$650
36.3%
Properties Sold .......................................................
8
9
11
9
12.5%
Properties Pending Sale .......................................
1
8
11
10
900.0%
Properties For Sale ................................................
15
33
40
35
133.3%
Days on Market (Pending Sale) ...........................
99
18
27
50
-49.5%
Month’s Supply of Inventory ................................
1.9
3.7
3.6
3.9
107.4%
Percent Under Contract ........................................
6.7%
24.2%
27.5%
28.6%
328.6%
Average Median Price for Last 12 Months ........
$754,000
$881,917
$903,000
$867,058
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$835
JAN
$845,000
FEB MAR
MEDIAN SALES PRICE
APR
$650
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Westchester DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$775,000
$752,000
$897,500
$827,000
6.7%
Average Price per Square Foot ...........................
$465
$539
$530
$524
12.7%
Properties Sold .......................................................
19
22
24
27
42.1%
Properties Pending Sale .......................................
11
37
16
13
18.2%
Properties For Sale ................................................
21
84
59
53
152.4%
Days on Market (Pending Sale) ...........................
34
37
38
47
38.2%
Month’s Supply of Inventory ................................
1.1
3.8
2.5
2
77.6%
Percent Under Contract ........................................
52.4%
44.0%
27.1%
24.5%
-53.2%
Average Median Price for Last 12 Months ........
$745,000
$848,046
$855,592
$846,637
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$775
JAN
$827,000
FEB MAR
MEDIAN SALES PRICE
APR
$524
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$827 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Westwood - Century City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,543,000
$1,505,000
$1,905,000
$1,530,000
-0.8%
Average Price per Square Foot ...........................
$687
$769
$752
$741
7.9%
Properties Sold .......................................................
22
15
18
11
-50.0%
Properties Pending Sale .......................................
7
19
16
5
-28.6%
Properties For Sale ................................................
36
68
65
47
30.6%
Days on Market (Pending Sale) ...........................
31
39
42
96
209.7%
Month’s Supply of Inventory ................................
1.6
4.5
3.6
4.3
161.1%
Percent Under Contract ........................................
19.4%
27.9%
24.6%
10.6%
-45.3%
Average Median Price for Last 12 Months ........
$1,438,000
$1,784,917
$1,579,000
$1,743,654
21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.543
JAN
$1,530,000
FEB MAR
MEDIAN SALES PRICE
APR
$741
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
South Bay Macro Market DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,194,472
$1,673,611
$1,502,639
$1,316,512
10.2%
Average Price per Square Foot ...........................
$545
$570
$624
$575
5.4%
Properties Sold .......................................................
174
184
180
177
1.7%
Properties Pending Sale .......................................
115
226
204
133
15.7%
Properties For Sale ................................................
485
774
759
547
12.8%
Days on Market (Pending Sale) ...........................
59
32
65
75
27.4%
Month’s Supply of Inventory ................................
2.8
4.2
4.2
3.1
10.9%
Percent Under Contract ........................................
23.7%
29.2%
26.9%
24.3%
2.5%
Average Median Price for Last 12 Months ........
$1,248,111
$1,336,856
$1,297,220
$1,376,562
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.194
JAN
$1,316,512
FEB MAR
MEDIAN SALES PRICE
APR
$575
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.316 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
El Segundo DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$818,250
$820,000
$777,500
$949,000
16.0%
Average Price per Square Foot ...........................
$478
$518
$800
$502
5.0%
Properties Sold .......................................................
6
6
2
7
16.7%
Properties Pending Sale .......................................
3
4
1
4
33.3%
Properties For Sale ................................................
15
17
9
8
-46.7%
Days on Market (Pending Sale) ...........................
16
19
127
32
100.0%
Month’s Supply of Inventory ................................
2.5
2.8
4.5
1.1
-54.3%
Percent Under Contract ........................................
20.0%
23.5%
11.1%
50.0%
150.0%
Average Median Price for Last 12 Months ........
$857,000
$1,036,083
$1,176,333
$940,212
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$818
JAN
$949,000
FEB MAR
MEDIAN SALES PRICE
APR
$502
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Manhattan Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,552,000
$1,915,000
$1,780,000
$1,825,000
17.6%
Average Price per Square Foot ...........................
$801
$818
$928
$884
10.4%
Properties Sold .......................................................
21
36
22
26
23.8%
Properties Pending Sale .......................................
6
33
32
10
66.7%
Properties For Sale ................................................
36
89
82
41
13.9%
Days on Market (Pending Sale) ...........................
39
36
45
72
84.6%
Month’s Supply of Inventory ................................
1.7
2.5
3.7
1.6
-8.0%
Percent Under Contract ........................................
16.7%
37.1%
39.0%
24.4%
46.3%
Average Median Price for Last 12 Months ........
$1,699,000
$1,945,458
$1,996,667
$1,909,750
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.552
JAN
$1,825,000
FEB MAR
MEDIAN SALES PRICE
APR
$884
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Palos Verdes Estates DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,597,500
$1,500,000
$3,000,000
$1,349,500
-15.5%
Average Price per Square Foot ...........................
$610
$610
$827
$597
-2.1%
Properties Sold .......................................................
16
13
13
8
-50.0%
Properties Pending Sale .......................................
11
27
17
9
-18.2%
Properties For Sale ................................................
46
94
86
68
47.8%
Days on Market (Pending Sale) ...........................
62
38
61
91
46.8%
Month’s Supply of Inventory ................................
2.9
7.2
6.6
8.5
195.7%
Percent Under Contract ........................................
23.9%
28.7%
19.8%
13.2%
-44.7%
Average Median Price for Last 12 Months ........
$1,572,000
$1,790,896
$1,456,792
$1,670,260
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.597
JAN
$1,349,500
FEB MAR
MEDIAN SALES PRICE
APR
$597
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.349 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Rancho Palos Verdes DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,200,000
$1,260,000
$1,195,999
$1,235,000
2.9%
Average Price per Square Foot ...........................
$487
$481
$533
$517
6.2%
Properties Sold .......................................................
23
32
35
25
8.7%
Properties Pending Sale .......................................
20
45
41
22
10.0%
Properties For Sale ................................................
85
160
156
108
27.1%
Days on Market (Pending Sale) ...........................
67
44
55
55
-17.9%
Month’s Supply of Inventory ................................
3.7
5
4.5
4.3
16.9%
Percent Under Contract ........................................
23.5%
28.1%
26.3%
20.4%
-13.4%
Average Median Price for Last 12 Months ........
$1,095,000
$1,133,400
$1,130,833
$1,164,492
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.200
JAN
$1,235,000
FEB MAR
MEDIAN SALES PRICE
APR
$517
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.235 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Redondo Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$873,000
$920,000
$999,000
$877,500
0.5%
Average Price per Square Foot ...........................
$523
$530
$499
$551
5.4%
Properties Sold .......................................................
29
31
31
30
3.4%
Properties Pending Sale .......................................
18
35
29
25
38.9%
Properties For Sale ................................................
74
100
90
61
-17.6%
Days on Market (Pending Sale) ...........................
51
16
26
48
-5.9%
Month’s Supply of Inventory ................................
2.6
3.2
2.9
2
-20.3%
Percent Under Contract ........................................
24.3%
35.0%
32.2%
41.0%
68.5%
Average Median Price for Last 12 Months ........
$846,000
$948,375
$907,500
$899,334
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$873
JAN
$877,500
FEB MAR
MEDIAN SALES PRICE
APR
$551
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Rolling Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,175,000
$5,725,000
$3,300,000
$2,844,575
30.8%
Average Price per Square Foot ...........................
$650
$840
$649
$843
29.7%
Properties Sold .......................................................
2
2
1
2
0.0%
Properties Pending Sale .......................................
1
2
3
1
0.0%
Properties For Sale ................................................
14
25
24
14
0.0%
Days on Market (Pending Sale) ...........................
78
36
118
174
123.1%
Month’s Supply of Inventory ................................
7
12.5
24
7
0.0%
Percent Under Contract ........................................
7.1%
8.0%
12.5%
7.1%
0.0%
Average Median Price for Last 12 Months ........
$2,720,000
$2,951,595
$2,996,038
$3,302,148
21.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.175
JAN
$2,844,575
FEB MAR
MEDIAN SALES PRICE
APR
$843
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.844 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Rolling Hills Estates DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,387,500
$1,725,000
$1,221,250
$1,619,282
16.7%
Average Price per Square Foot ...........................
$643
$570
$628
$548
-14.8%
Properties Sold .......................................................
2
4
6
10
400.0%
Properties Pending Sale .......................................
1
12
5
3
200.0%
Properties For Sale ................................................
8
30
29
19
137.5%
Days on Market (Pending Sale) ...........................
87
23
50
61
-29.9%
Month’s Supply of Inventory ................................
4
7.5
4.8
1.9
-52.5%
Percent Under Contract ........................................
12.5%
40.0%
17.2%
15.8%
26.3%
Average Median Price for Last 12 Months ........
$1,343,000
$1,339,672
$1,485,594
$1,329,810
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.387
JAN
$1,619,282
FEB MAR
MEDIAN SALES PRICE
APR
$548
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.619 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Pedro DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$532,000
$520,000
$520,000
$548,750
3.1%
Average Price per Square Foot ...........................
$326
$338
$341
$337
3.4%
Properties Sold .......................................................
26
24
31
28
7.7%
Properties Pending Sale .......................................
23
18
28
27
17.4%
Properties For Sale ................................................
109
99
130
123
12.8%
Days on Market (Pending Sale) ...........................
78
44
44
81
3.8%
Month’s Supply of Inventory ................................
4.2
4.1
4.2
4.4
4.8%
Percent Under Contract ........................................
21.1%
18.2%
21.5%
22.0%
4.0%
Average Median Price for Last 12 Months ........
$485,000
$545,958
$528,083
$531,365
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$532
JAN
$548,750
FEB MAR
MEDIAN SALES PRICE
APR
$337
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$548 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Torrance DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$615,000
$677,500
$730,000
$600,000
-2.4%
Average Price per Square Foot ...........................
$387
$421
$407
$393
1.6%
Properties Sold .......................................................
49
36
39
41
-16.3%
Properties Pending Sale .......................................
32
50
48
32
0.0%
Properties For Sale ................................................
98
160
153
105
7.1%
Days on Market (Pending Sale) ...........................
54
32
61
64
18.5%
Month’s Supply of Inventory ................................
2
4.4
3.9
2.6
28.0%
Percent Under Contract ........................................
32.7%
31.2%
31.4%
30.5%
-6.7%
Average Median Price for Last 12 Months ........
$616,000
$643,408
$618,233
$641,688
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$615
JAN
$600,000
FEB MAR
MEDIAN SALES PRICE
APR
$393
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$715,929
$838,214
$731,429
$781,786
9.2%
Average Price per Square Foot ...........................
$363
$392
$403
$388
7.0%
Properties Sold .......................................................
426
502
420
491
15.3%
Properties Pending Sale .......................................
360
508
465
456
26.7%
Properties For Sale ................................................
745
1,147
1,167
1,004
34.8%
Days on Market (Pending Sale) ...........................
64
63
62
64
-0.1%
Month’s Supply of Inventory ................................
1.7
2.3
2.8
2
16.9%
Percent Under Contract ........................................
48.3%
44.3%
39.8%
45.4%
-6.0%
Average Median Price for Last 12 Months ........
$680,841
$763,262
$755,738
$762,456
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$715
JAN
$781,786
FEB MAR
MEDIAN SALES PRICE
APR
$388
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$781 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Burbank DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$580,000
$654,000
$669,000
$640,000
10.3%
Average Price per Square Foot ...........................
$372
$412
$408
$424
14.0%
Properties Sold .......................................................
48
44
49
56
16.7%
Properties Pending Sale .......................................
45
60
41
47
4.4%
Properties For Sale ................................................
58
91
84
75
29.3%
Days on Market (Pending Sale) ...........................
44
43
49
44
0.0%
Month’s Supply of Inventory ................................
1.2
2.1
1.7
1.3
10.8%
Percent Under Contract ........................................
77.6%
65.9%
48.8%
62.7%
-19.2%
Average Median Price for Last 12 Months ........
$581,000
$655,333
$648,333
$642,000
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$580
JAN
$640,000
FEB MAR
MEDIAN SALES PRICE
APR
$424
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Encino DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$785,000
$995,000
$1,083,000
$1,200,000
52.9%
Average Price per Square Foot ...........................
$406
$424
$420
$423
4.2%
Properties Sold .......................................................
36
47
29
53
47.2%
Properties Pending Sale .......................................
23
36
47
40
73.9%
Properties For Sale ................................................
78
121
120
110
41.0%
Days on Market (Pending Sale) ...........................
65
59
71
64
-1.5%
Month’s Supply of Inventory ................................
2.2
2.6
4.1
2.1
-4.2%
Percent Under Contract ........................................
29.5%
29.8%
39.2%
36.4%
23.3%
Average Median Price for Last 12 Months ........
$893,154
$1,093,167
$1,088,000
$1,050,231
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$785
JAN
$1,200,000
FEB MAR
MEDIAN SALES PRICE
APR
$423
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Glendale DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$725,000
$751,000
$715,000
$715,000
-1.4%
Average Price per Square Foot ...........................
$399
$411
$417
$392
-1.8%
Properties Sold .......................................................
57
72
49
69
21.1%
Properties Pending Sale .......................................
49
70
50
71
44.9%
Properties For Sale ................................................
76
136
121
98
28.9%
Days on Market (Pending Sale) ...........................
53
47
60
46
-13.2%
Month’s Supply of Inventory ................................
1.3
1.9
2.5
1.4
6.5%
Percent Under Contract ........................................
64.5%
51.5%
41.3%
72.4%
12.4%
Average Median Price for Last 12 Months ........
$664,615
$743,833
$739,000
$734,154
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$715,000
FEB MAR
MEDIAN SALES PRICE
APR
$392
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
La Crescenta DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$714,000
$732,000
$760,000
$740,000
3.6%
Average Price per Square Foot ...........................
$390
$412
$410
$410
5.1%
Properties Sold .......................................................
23
19
26
19
-17.4%
Properties Pending Sale .......................................
19
31
20
15
-21.1%
Properties For Sale ................................................
17
44
29
20
17.6%
Days on Market (Pending Sale) ...........................
50
58
45
80
60.0%
Month’s Supply of Inventory ................................
0.7
2.3
1.1
1.1
42.4%
Percent Under Contract ........................................
111.8%
70.5%
69.0%
75.0%
-32.9%
Average Median Price for Last 12 Months ........
$628,385
$731,167
$720,000
$716,154
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$714
JAN
$740,000
FEB MAR
MEDIAN SALES PRICE
APR
$410
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
North Hollywood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$403,000
$439,000
$485,000
$486,000
20.6%
Average Price per Square Foot ...........................
$289
$322
$350
$347
20.1%
Properties Sold .......................................................
39
56
45
52
33.3%
Properties Pending Sale .......................................
30
40
45
45
50.0%
Properties For Sale ................................................
68
66
84
90
32.4%
Days on Market (Pending Sale) ...........................
33
53
46
62
87.9%
Month’s Supply of Inventory ................................
1.7
1.2
1.9
1.7
-0.7%
Percent Under Contract ........................................
44.1%
60.6%
53.6%
50.0%
13.3%
Average Median Price for Last 12 Months ........
$381,538
$457,000
$451,667
$440,462
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$403
JAN
$486,000
FEB MAR
MEDIAN SALES PRICE
APR
$347
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$486 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Shadow Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$628,000
$600,000
$755,000
$1,219,000
94.1%
Average Price per Square Foot ...........................
$297
$259
$256
$295
-0.7%
Properties Sold .......................................................
3
3
2
1
-66.7%
Properties Pending Sale .......................................
5
3
1
1
-80.0%
Properties For Sale ................................................
7
14
18
15
114.3%
Days on Market (Pending Sale) ...........................
141
78
114
82
-41.8%
Month’s Supply of Inventory ................................
2.3
4.7
9
15
542.9%
Percent Under Contract ........................................
71.4%
21.4%
5.6%
6.7%
-90.7%
Average Median Price for Last 12 Months ........
$641,923
$820,333
$871,333
$789,462
23.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$628
JAN
$1,219,000
FEB MAR
MEDIAN SALES PRICE
APR
$295
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
15 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.219 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sherman Oaks DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$840,000
$900,000
$860,000
$925,000
10.1%
Average Price per Square Foot ...........................
$423
$437
$482
$460
8.7%
Properties Sold .......................................................
45
49
63
77
71.1%
Properties Pending Sale .......................................
40
64
62
46
15.0%
Properties For Sale ................................................
93
154
168
119
28.0%
Days on Market (Pending Sale) ...........................
62
58
64
58
-6.5%
Month’s Supply of Inventory ................................
2.1
3.1
2.7
1.5
-25.2%
Percent Under Contract ........................................
43.0%
41.6%
36.9%
38.7%
-10.1%
Average Median Price for Last 12 Months ........
$784,769
$882,500
$861,000
$901,615
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$840
JAN
$925,000
FEB MAR
MEDIAN SALES PRICE
APR
$460
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Studio City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,024,000
$1,195,000
$960,000
$975,000
-4.8%
Average Price per Square Foot ...........................
$450
$552
$610
$477
6.0%
Properties Sold .......................................................
28
41
25
25
-10.7%
Properties Pending Sale .......................................
23
32
29
19
-17.4%
Properties For Sale ................................................
67
81
80
80
19.4%
Days on Market (Pending Sale) ...........................
60
47
69
63
5.0%
Month’s Supply of Inventory ................................
2.4
2
3.2
3.2
33.7%
Percent Under Contract ........................................
34.3%
39.5%
36.2%
23.8%
-30.8%
Average Median Price for Last 12 Months ........
$964,231
$1,121,333
$1,086,000
$1,135,692
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.024
JAN
$975,000
FEB MAR
MEDIAN SALES PRICE
APR
$477
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sun Valley DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$370,000
$385,000
$395,000
$403,000
8.9%
Average Price per Square Foot ...........................
$289
$300
$309
$302
4.5%
Properties Sold .......................................................
19
23
13
14
-26.3%
Properties Pending Sale .......................................
14
27
28
27
92.9%
Properties For Sale ................................................
29
40
41
42
44.8%
Days on Market (Pending Sale) ...........................
44
52
56
66
50.0%
Month’s Supply of Inventory ................................
1.5
1.7
3.2
3
96.6%
Percent Under Contract ........................................
48.3%
67.5%
68.3%
64.3%
33.2%
Average Median Price for Last 12 Months ........
$383,308
$406,000
$411,000
$393,000
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$370
JAN
$403,000
FEB MAR
MEDIAN SALES PRICE
APR
$302
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$403 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sunland/Tujunga DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$410,000
$450,000
$495,000
$458,000
11.7%
Average Price per Square Foot ...........................
$273
$284
$302
$308
12.8%
Properties Sold .......................................................
39
38
37
26
-33.3%
Properties Pending Sale .......................................
35
46
34
34
-2.9%
Properties For Sale ................................................
51
78
79
55
7.8%
Days on Market (Pending Sale) ...........................
57
71
47
54
-5.3%
Month’s Supply of Inventory ................................
1.3
2.1
2.1
2.1
61.8%
Percent Under Contract ........................................
68.6%
59.0%
43.0%
61.8%
-9.9%
Average Median Price for Last 12 Months ........
$390,462
$481,167
$482,333
$455,231
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$410
JAN
$458,000
FEB MAR
MEDIAN SALES PRICE
APR
$308
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$458 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Tarzana DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$783,000
$790,000
$634,000
$895,000
14.3%
Average Price per Square Foot ...........................
$323
$371
$382
$383
18.6%
Properties Sold .......................................................
16
27
18
14
-12.5%
Properties Pending Sale .......................................
19
28
22
30
57.9%
Properties For Sale ................................................
54
94
106
90
66.7%
Days on Market (Pending Sale) ...........................
85
63
67
87
2.4%
Month’s Supply of Inventory ................................
3.4
3.5
5.9
6.4
90.5%
Percent Under Contract ........................................
35.2%
29.8%
20.8%
33.3%
-5.3%
Average Median Price for Last 12 Months ........
$790,000
$872,333
$853,333
$859,154
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$783
JAN
$895,000
FEB MAR
MEDIAN SALES PRICE
APR
$383
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Toluca Lake DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,400,000
$2,415,000
$862,000
$849,000
-39.4%
Average Price per Square Foot ...........................
$441
$540
$476
$470
6.6%
Properties Sold .......................................................
7
5
6
8
14.3%
Properties Pending Sale .......................................
4
4
8
4
0.0%
Properties For Sale ................................................
12
27
20
16
33.3%
Days on Market (Pending Sale) ...........................
73
129
61
66
-9.6%
Month’s Supply of Inventory ................................
1.7
5.4
3.3
2
16.7%
Percent Under Contract ........................................
33.3%
14.8%
40.0%
25.0%
-25.0%
Average Median Price for Last 12 Months ........
$1,090,923
$916,500
$876,333
$1,110,077
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.400
DEC JAN
$849,000
FEB MAR
MEDIAN SALES PRICE
APR
$470
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$849 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Valley Village DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$725,000
$759,000
$822,000
$725,000
0.0%
Average Price per Square Foot ...........................
$422
$454
$464
$419
-0.7%
Properties Sold .......................................................
9
12
9
16
77.8%
Properties Pending Sale .......................................
12
11
9
11
-8.3%
Properties For Sale ................................................
20
27
26
17
-15.0%
Days on Market (Pending Sale) ...........................
55
52
55
45
-18.2%
Month’s Supply of Inventory ................................
2.2
2.2
2.9
1.1
-52.2%
Percent Under Contract ........................................
60.0%
40.7%
34.6%
64.7%
7.8%
Average Median Price for Last 12 Months ........
$713,462
$800,833
$793,333
$763,231
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$725,000
FEB MAR
MEDIAN SALES PRICE
APR
$419
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Woodland Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$636,000
$670,000
$745,000
$715,000
12.4%
Average Price per Square Foot ...........................
$308
$309
$352
$327
6.2%
Properties Sold .......................................................
57
66
49
61
7.0%
Properties Pending Sale .......................................
42
56
69
66
57.1%
Properties For Sale ................................................
115
174
191
177
53.9%
Days on Market (Pending Sale) ...........................
69
65
69
73
5.8%
Month’s Supply of Inventory ................................
2
2.6
3.9
2.9
43.8%
Percent Under Contract ........................................
36.5%
32.2%
36.1%
37.3%
2.1%
Average Median Price for Last 12 Months ........
$624,000
$704,167
$698,667
$683,923
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$636
JAN
$715,000
FEB MAR
MEDIAN SALES PRICE
APR
$327
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$881,000
$965,273
$967,909
$1,011,700
14.8%
Average Price per Square Foot ...........................
$480
$504
$521
$494
3.0%
Properties Sold .......................................................
263
279
264
267
1.5%
Properties Pending Sale .......................................
235
293
305
249
6.0%
Properties For Sale ................................................
421
674
722
575
36.6%
Days on Market (Pending Sale) ...........................
51
39
51
61
19.2%
Month’s Supply of Inventory ................................
1.6
2.4
2.7
2.2
34.5%
Percent Under Contract ........................................
55.8%
43.5%
42.2%
43.3%
-22.4%
Average Median Price for Last 12 Months ........
$835,615
$983,177
$1,012,021
$960,697
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$881
JAN
$1,011,700
FEB MAR
MEDIAN SALES PRICE
APR
$494
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.011 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Altadena DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$588,000
$615,000
$605,000
$578,000
-1.7%
Average Price per Square Foot ...........................
$385
$408
$409
$392
1.8%
Properties Sold .......................................................
37
29
36
32
-13.5%
Properties Pending Sale .......................................
30
31
38
41
36.7%
Properties For Sale ................................................
43
64
82
60
39.5%
Days on Market (Pending Sale) ...........................
52
30
55
64
23.1%
Month’s Supply of Inventory ................................
1.2
2.2
2.3
1.9
61.3%
Percent Under Contract ........................................
69.8%
48.4%
46.3%
68.3%
-2.1%
Average Median Price for Last 12 Months ........
$565,462
$609,667
$619,333
$591,000
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$588
JAN
$578,000
FEB MAR
MEDIAN SALES PRICE
APR
$392
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$578 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Arcadia DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,350,000
$1,312,000
$1,310,000
$1,255,000
-7.0%
Average Price per Square Foot ...........................
$572
$615
$544
$577
0.9%
Properties Sold .......................................................
36
54
31
48
33.3%
Properties Pending Sale .......................................
34
37
49
35
2.9%
Properties For Sale ................................................
70
142
172
147
110.0%
Days on Market (Pending Sale) ...........................
46
41
59
63
37.0%
Month’s Supply of Inventory ................................
1.9
2.6
5.5
3.1
57.5%
Percent Under Contract ........................................
48.6%
26.1%
28.5%
23.8%
-51.0%
Average Median Price for Last 12 Months ........
$1,180,615
$1,369,167
$1,426,667
$1,414,846
19.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.350
JAN
$1,255,000
FEB MAR
MEDIAN SALES PRICE
APR
$577
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.255 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Duarte DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$360,000
$423,000
$423,000
$475,000
31.9%
Average Price per Square Foot ...........................
$344
$324
$304
$302
-12.2%
Properties Sold .......................................................
9
10
11
12
33.3%
Properties Pending Sale .......................................
12
12
15
17
41.7%
Properties For Sale ................................................
21
26
34
21
0.0%
Days on Market (Pending Sale) ...........................
75
49
56
82
9.3%
Month’s Supply of Inventory ................................
2.3
2.6
3.1
1.8
-25.0%
Percent Under Contract ........................................
57.1%
46.2%
44.1%
81.0%
41.7%
Average Median Price for Last 12 Months ........
$369,846
$440,833
$457,333
$422,308
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$360
JAN
$475,000
FEB MAR
MEDIAN SALES PRICE
APR
$302
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Eagle Rock DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$579,000
$530,000
$569,000
$0
-100.0%
Average Price per Square Foot ...........................
$452
$418
$521
$0
-100.0%
Properties Sold .......................................................
8
3
3
0
-100.0%
Properties Pending Sale .......................................
3
4
7
3
0.0%
Properties For Sale ................................................
10
10
12
9
-10.0%
Days on Market (Pending Sale) ...........................
52
37
68
0
-100.0%
Month’s Supply of Inventory ................................
1.2
3.3
4
0
0%
Percent Under Contract ........................................
30.0%
40.0%
58.3%
33.3%
11.1%
Average Median Price for Last 12 Months ........
$539,692
$624,600
$617,500
$625,583
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$579
JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
No sales MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
La Canada Flintridge DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,255,000
$1,381,000
$1,290,000
$1,439,000
14.7%
Average Price per Square Foot ...........................
$497
$553
$571
$580
16.7%
Properties Sold .......................................................
18
20
13
23
27.8%
Properties Pending Sale .......................................
21
23
13
16
-23.8%
Properties For Sale ................................................
31
57
49
27
-12.9%
Days on Market (Pending Sale) ...........................
57
37
57
70
22.8%
Month’s Supply of Inventory ................................
1.7
2.8
3.8
1.2
-31.8%
Percent Under Contract ........................................
67.7%
40.4%
26.5%
59.3%
-12.5%
Average Median Price for Last 12 Months ........
$1,262,923
$1,373,833
$1,469,333
$1,357,692
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.255
JAN
$1,439,000
FEB MAR
MEDIAN SALES PRICE
APR
$580
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.439 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Monrovia DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$558,000
$653,000
$637,000
$635,000
13.8%
Average Price per Square Foot ...........................
$389
$414
$395
$401
3.1%
Properties Sold .......................................................
21
26
28
23
9.5%
Properties Pending Sale .......................................
18
31
31
22
22.2%
Properties For Sale ................................................
42
60
58
50
19.0%
Days on Market (Pending Sale) ...........................
62
44
53
54
-12.9%
Month’s Supply of Inventory ................................
2
2.3
2.1
2.2
8.7%
Percent Under Contract ........................................
42.9%
51.7%
53.4%
44.0%
2.7%
Average Median Price for Last 12 Months ........
$532,385
$614,833
$594,000
$588,077
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$558
JAN
$635,000
FEB MAR
MEDIAN SALES PRICE
APR
$401
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Pasadena DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$745,000
$795,000
$795,000
$770,000
3.4%
Average Price per Square Foot ...........................
$476
$515
$524
$474
-0.4%
Properties Sold .......................................................
77
70
71
76
-1.3%
Properties Pending Sale .......................................
73
92
83
76
4.1%
Properties For Sale ................................................
123
185
191
157
27.6%
Days on Market (Pending Sale) ...........................
45
40
48
53
17.8%
Month’s Supply of Inventory ................................
1.6
2.6
2.7
2.1
29.3%
Percent Under Contract ........................................
59.3%
49.7%
43.5%
48.4%
-18.4%
Average Median Price for Last 12 Months ........
$667,692
$756,167
$743,333
$740,846
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$745
JAN
$770,000
FEB MAR
MEDIAN SALES PRICE
APR
$474
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Gabriel DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$637,000
$635,000
$710,000
$745,000
17.0%
Average Price per Square Foot ...........................
$388
$403
$414
$418
7.7%
Properties Sold .......................................................
28
34
35
26
-7.1%
Properties Pending Sale .......................................
19
22
31
20
5.3%
Properties For Sale ................................................
44
56
59
48
9.1%
Days on Market (Pending Sale) ...........................
51
41
39
54
5.9%
Month’s Supply of Inventory ................................
1.6
1.6
1.7
1.8
17.5%
Percent Under Contract ........................................
43.2%
39.3%
52.5%
41.7%
-3.5%
Average Median Price for Last 12 Months ........
$589,923
$696,500
$689,000
$677,000
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$637
JAN
$745,000
FEB MAR
MEDIAN SALES PRICE
APR
$418
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Marino DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,070,000
$2,186,000
$2,397,000
$2,035,000
-1.7%
Average Price per Square Foot ...........................
$751
$862
$1,037
$831
10.7%
Properties Sold .......................................................
14
11
11
8
-42.9%
Properties Pending Sale .......................................
11
12
11
5
-54.5%
Properties For Sale ................................................
9
24
24
26
188.9%
Days on Market (Pending Sale) ...........................
38
26
40
38
0.0%
Month’s Supply of Inventory ................................
0.6
2.2
2.2
3.2
405.6%
Percent Under Contract ........................................
122.2%
50.0%
45.8%
19.2%
-84.3%
Average Median Price for Last 12 Months ........
$1,774,846
$2,210,500
$2,226,333
$2,190,846
23.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.070
JAN
$2,035,000
FEB MAR
MEDIAN SALES PRICE
APR
$831
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.035 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sierra Madre DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$725,000
$788,000
$922,000
$775,000
6.9%
Average Price per Square Foot ...........................
$436
$384
$468
$481
10.3%
Properties Sold .......................................................
7
11
14
7
0.0%
Properties Pending Sale .......................................
7
14
10
9
28.6%
Properties For Sale ................................................
17
23
16
18
5.9%
Days on Market (Pending Sale) ...........................
63
65
48
81
28.6%
Month’s Supply of Inventory ................................
2.4
2.1
1.1
2.6
5.9%
Percent Under Contract ........................................
41.2%
60.9%
62.5%
50.0%
21.4%
Average Median Price for Last 12 Months ........
$763,769
$869,167
$893,000
$858,692
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$775,000
FEB MAR
MEDIAN SALES PRICE
APR
$481
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
South Pasadena DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$824,000
$1,300,000
$989,000
$1,410,000
71.1%
Average Price per Square Foot ...........................
$585
$652
$544
$484
-17.3%
Properties Sold .......................................................
8
11
11
12
50.0%
Properties Pending Sale .......................................
7
15
17
5
-28.6%
Properties For Sale ................................................
11
27
25
12
9.1%
Days on Market (Pending Sale) ...........................
24
17
34
53
120.8%
Month’s Supply of Inventory ................................
1.4
2.5
2.3
1
-27.3%
Percent Under Contract ........................................
63.6%
55.6%
68.0%
41.7%
-34.5%
Average Median Price for Last 12 Months ........
$933,000
$1,185,167
$1,265,000
$1,071,077
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$824
JAN
$1,410,000
FEB MAR
MEDIAN SALES PRICE
APR
$484
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : December 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : December 2014
telesproperties.com
Orange County DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$665,000
$684,950
$680,000
$667,000
0.3%
Average Price per Square Foot ...........................
$383
$403
$431
$400
4.4%
Properties Sold .......................................................
1446
1686
1473
1417
-2.0%
Properties Pending Sale .......................................
986
1703
1510
1060
7.5%
Properties For Sale ................................................
5,694
7,619
7,560
5,458
-4.1%
Days on Market (Pending Sale) ...........................
78
55
64
77
-1.3%
Month’s Supply of Inventory ................................
3.9
4.5
5.1
3.9
-2.2%
Percent Under Contract ........................................
17.3%
22.4%
20.0%
19.4%
12.2%
Average Median Price for Last 12 Months ........
$620,000
$676,865
$675,397
$670,180
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$665
JAN
$667,000
FEB MAR
MEDIAN SALES PRICE
APR
$400
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$667 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Aliso Viejo DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$737,500
$742,000
$697,500
$698,000
-5.4%
Average Price per Square Foot ...........................
$324
$344
$362
$363
12.0%
Properties Sold .......................................................
18
20
16
18
0.0%
Properties Pending Sale .......................................
13
19
25
6
-53.8%
Properties For Sale ................................................
63
86
91
49
-22.2%
Days on Market (Pending Sale) ...........................
61
42
60
74
21.3%
Month’s Supply of Inventory ................................
3.5
4.3
5.7
2.7
-22.2%
Percent Under Contract ........................................
20.6%
22.1%
27.5%
12.2%
-40.7%
Average Median Price for Last 12 Months ........
$681,000
$726,917
$709,333
$726,115
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$737
JAN
$698,000
FEB MAR
MEDIAN SALES PRICE
APR
$363
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$698 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Balboa Peninsula DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,825,000
$2,625,000
$1,950,000
$2,275,000
24.7%
Average Price per Square Foot ...........................
$745
$1,468
$1,303
$838
12.5%
Properties Sold .......................................................
3
6
3
7
133.3%
Properties Pending Sale .......................................
5
6
4
6
20.0%
Properties For Sale ................................................
40
47
43
35
-12.5%
Days on Market (Pending Sale) ...........................
64
74
39
74
15.6%
Month’s Supply of Inventory ................................
13.3
7.8
14.3
5
-62.5%
Percent Under Contract ........................................
12.5%
12.8%
9.3%
17.1%
37.1%
Average Median Price for Last 12 Months ........
$2,421,000
$2,671,250
$3,386,667
$2,868,962
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.825
JAN
$2,275,000
FEB MAR
MEDIAN SALES PRICE
APR
$838
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$3,659,000
$1,825,000
$1,792,500
$2,450,000
-33.0%
Average Price per Square Foot ...........................
$953
$923
$1,028
$1,092
14.6%
Properties Sold .......................................................
16
12
16
9
-43.8%
Properties Pending Sale .......................................
6
12
11
9
50.0%
Properties For Sale ................................................
50
74
80
64
28.0%
Days on Market (Pending Sale) ...........................
178
100
94
85
-52.2%
Month’s Supply of Inventory ................................
3.1
6.2
5
7.1
127.6%
Percent Under Contract ........................................
12.0%
16.2%
13.8%
14.1%
17.2%
Average Median Price for Last 12 Months ........
$2,305,000
$2,081,667
$2,229,167
$2,376,096
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.659
DEC JAN
$2,450,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,092
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Coto de Caza DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,035,000
$1,275,000
$1,105,000
$1,215,000
17.4%
Average Price per Square Foot ...........................
$321
$372
$335
$333
3.7%
Properties Sold .......................................................
20
13
11
19
-5.0%
Properties Pending Sale .......................................
12
21
25
11
-8.3%
Properties For Sale ................................................
101
156
143
92
-8.9%
Days on Market (Pending Sale) ...........................
84
92
74
101
20.2%
Month’s Supply of Inventory ................................
5
12
13
4.8
-4.1%
Percent Under Contract ........................................
11.9%
13.5%
17.5%
12.0%
0.6%
Average Median Price for Last 12 Months ........
$1,044,000
$1,190,417
$1,264,167
$1,155,385
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.035
JAN
$1,215,000
FEB MAR
MEDIAN SALES PRICE
APR
$333
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Crystal Cove DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$3,500,000
$4,850,000
$8,750,000
$4,450,000
27.1%
Average Price per Square Foot ...........................
$992
$814
$1,134
$1,172
18.1%
Properties Sold .......................................................
1
1
3
4
300.0%
Properties Pending Sale .......................................
2
2
4
0
-100.0%
Properties For Sale ................................................
17
24
25
15
-11.8%
Days on Market (Pending Sale) ...........................
120
40
124
0
-100.0%
Month’s Supply of Inventory ................................
17
24
8.3
3.8
-77.9%
Percent Under Contract ........................................
11.8%
8.3%
16.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,803,000
$5,504,083
$5,149,833
$4,940,192
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$3.500
JAN
$4,450,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,172
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Dana Point DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$885,000
$802,500
$866,250
$920,938
4.1%
Average Price per Square Foot ...........................
$511
$564
$622
$552
8.0%
Properties Sold .......................................................
34
30
38
32
-5.9%
Properties Pending Sale .......................................
23
41
33
15
-34.8%
Properties For Sale ................................................
153
217
183
130
-15.0%
Days on Market (Pending Sale) ...........................
62
82
75
94
51.6%
Month’s Supply of Inventory ................................
4.5
7.2
4.8
4.1
-9.7%
Percent Under Contract ........................................
15.0%
18.9%
18.0%
11.5%
-23.2%
Average Median Price for Last 12 Months ........
$879,000
$921,223
$946,229
$894,330
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$885
JAN
$920,938
FEB MAR
MEDIAN SALES PRICE
APR
$552
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$920 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
East Bluff - Harbor View DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,617,500
$1,612,500
$1,282,000
$1,795,000
11.0%
Average Price per Square Foot ...........................
$648
$677
$672
$628
-3.1%
Properties Sold .......................................................
14
24
21
21
50.0%
Properties Pending Sale .......................................
9
32
16
12
33.3%
Properties For Sale ................................................
56
134
117
80
42.9%
Days on Market (Pending Sale) ...........................
80
69
74
97
21.2%
Month’s Supply of Inventory ................................
4
5.6
5.6
3.8
-4.8%
Percent Under Contract ........................................
16.1%
23.9%
13.7%
15.0%
-6.7%
Average Median Price for Last 12 Months ........
$1,603,000
$1,717,583
$1,795,833
$1,702,423
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.617
JAN
$1,795,000
FEB MAR
MEDIAN SALES PRICE
APR
$628
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
East Costa Mesa DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$900,000
$850,000
$765,000
$990,000
10.0%
Average Price per Square Foot ...........................
$530
$527
$457
$521
-1.7%
Properties Sold .......................................................
12
20
14
14
16.7%
Properties Pending Sale .......................................
12
18
15
4
-66.7%
Properties For Sale ................................................
46
76
75
47
2.2%
Days on Market (Pending Sale) ...........................
71
38
70
102
43.7%
Month’s Supply of Inventory ................................
3.8
3.8
5.4
3.4
-12.4%
Percent Under Contract ........................................
26.1%
23.7%
20.0%
8.5%
-67.4%
Average Median Price for Last 12 Months ........
$834,000
$887,083
$896,667
$873,207
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$900
JAN
$990,000
FEB MAR
MEDIAN SALES PRICE
APR
$521
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Fountain Valley DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$655,000
$653,500
$655,000
$681,000
4.0%
Average Price per Square Foot ...........................
$322
$345
$351
$355
10.2%
Properties Sold .......................................................
14
19
29
16
14.3%
Properties Pending Sale .......................................
22
34
28
15
-31.8%
Properties For Sale ................................................
64
101
72
53
-17.2%
Days on Market (Pending Sale) ...........................
49
49
49
36
-26.5%
Month’s Supply of Inventory ................................
4.6
5.3
2.5
3.3
-27.5%
Percent Under Contract ........................................
34.4%
33.7%
38.9%
28.3%
-17.7%
Average Median Price for Last 12 Months ........
$628,000
$683,500
$686,167
$672,731
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$655
JAN
$681,000
FEB MAR
MEDIAN SALES PRICE
APR
$355
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$681 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Huntington Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$750,000
$742,500
$750,000
$810,000
8.0%
Average Price per Square Foot ...........................
$426
$427
$450
$455
6.8%
Properties Sold .......................................................
100
112
111
81
-19.0%
Properties Pending Sale .......................................
57
97
106
81
42.1%
Properties For Sale ................................................
298
448
422
302
1.3%
Days on Market (Pending Sale) ...........................
58
52
68
69
19.0%
Month’s Supply of Inventory ................................
3
4
3.8
3.7
25.1%
Percent Under Contract ........................................
19.1%
21.7%
25.1%
26.8%
40.2%
Average Median Price for Last 12 Months ........
$699,000
$755,750
$771,500
$746,527
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$750
JAN
$810,000
FEB MAR
MEDIAN SALES PRICE
APR
$455
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Irvine DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$893,192
$934,000
$959,800
$910,000
1.9%
Average Price per Square Foot ...........................
$451
$458
$464
$474
5.1%
Properties Sold .......................................................
75
91
81
75
0.0%
Properties Pending Sale .......................................
53
46
79
64
20.8%
Properties For Sale ................................................
275
483
445
278
1.1%
Days on Market (Pending Sale) ...........................
61
55
66
71
16.4%
Month’s Supply of Inventory ................................
3.7
5.3
5.5
3.7
1.1%
Percent Under Contract ........................................
19.3%
9.5%
17.8%
23.0%
19.5%
Average Median Price for Last 12 Months ........
$878,000
$921,746
$931,891
$912,590
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$893
JAN
$910,000
FEB MAR
MEDIAN SALES PRICE
APR
$474
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Ladera Ranch DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$810,000
$885,762
$1,069,000
$720,500
-11.0%
Average Price per Square Foot ...........................
$316
$326
$317
$328
3.8%
Properties Sold .......................................................
27
44
19
26
-3.7%
Properties Pending Sale .......................................
19
28
20
12
-36.8%
Properties For Sale ................................................
89
158
140
93
4.5%
Days on Market (Pending Sale) ...........................
45
62
69
86
91.1%
Month’s Supply of Inventory ................................
3.3
3.6
7.4
3.6
8.5%
Percent Under Contract ........................................
21.3%
17.7%
14.3%
12.9%
-39.6%
Average Median Price for Last 12 Months ........
$802,000
$853,108
$769,883
$845,005
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$810
JAN
$720,500
FEB MAR
MEDIAN SALES PRICE
APR
$328
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Laguna Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,470,000
$1,660,000
$2,000,000
$1,875,000
27.6%
Average Price per Square Foot ...........................
$759
$1,029
$1,227
$944
24.4%
Properties Sold .......................................................
31
34
35
29
-6.5%
Properties Pending Sale .......................................
11
44
33
20
81.8%
Properties For Sale ................................................
208
275
268
191
-8.2%
Days on Market (Pending Sale) ...........................
102
93
103
79
-22.5%
Month’s Supply of Inventory ................................
6.7
8.1
7.7
6.6
-1.8%
Percent Under Contract ........................................
5.3%
16.0%
12.3%
10.5%
98.0%
Average Median Price for Last 12 Months ........
$1,629,000
$1,928,333
$1,765,000
$1,929,577
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.470
JAN
$1,875,000
FEB MAR
MEDIAN SALES PRICE
APR
$944
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Laguna Niguel DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$820,000
$784,000
$822,500
$831,500
1.4%
Average Price per Square Foot ...........................
$370
$390
$428
$401
8.4%
Properties Sold .......................................................
47
59
62
50
6.4%
Properties Pending Sale .......................................
31
56
56
52
67.7%
Properties For Sale ................................................
178
348
333
241
35.4%
Days on Market (Pending Sale) ...........................
77
53
77
97
26.0%
Month’s Supply of Inventory ................................
3.8
5.9
5.4
4.8
27.3%
Percent Under Contract ........................................
17.4%
16.1%
16.8%
21.6%
23.9%
Average Median Price for Last 12 Months ........
$759,000
$815,583
$817,000
$805,727
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$820
JAN
$831,500
FEB MAR
MEDIAN SALES PRICE
APR
$401
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$831 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Laguna Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$700,000
$757,500
$787,500
$790,000
12.9%
Average Price per Square Foot ...........................
$321
$375
$355
$330
2.8%
Properties Sold .......................................................
20
18
22
27
35.0%
Properties Pending Sale .......................................
10
31
19
14
40.0%
Properties For Sale ................................................
61
111
111
69
13.1%
Days on Market (Pending Sale) ...........................
51
57
62
104
103.9%
Month’s Supply of Inventory ................................
3
6.2
5
2.6
-16.2%
Percent Under Contract ........................................
16.4%
27.9%
17.1%
20.3%
23.8%
Average Median Price for Last 12 Months ........
$690,000
$782,708
$733,583
$735,435
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$700
JAN
$790,000
FEB MAR
MEDIAN SALES PRICE
APR
$330
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Laguna Woods DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
2
0
0
0
-100.0%
Properties For Sale ................................................
2
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
76
0
0
0
-100.0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
100.0%
0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$619,000
$0
$0
$650,500
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
No sales MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,024,750
$3,547,500
$1,575,000
$1,725,000
-14.8%
Average Price per Square Foot ...........................
$944
$1,245
$1,476
$682
-27.8%
Properties Sold .......................................................
4
6
5
1
-75.0%
Properties Pending Sale .......................................
4
3
3
0
-100.0%
Properties For Sale ................................................
38
48
40
29
-23.7%
Days on Market (Pending Sale) ...........................
122
86
73
0
-100.0%
Month’s Supply of Inventory ................................
9.5
8
8
29
205.3%
Percent Under Contract ........................................
10.5%
6.2%
7.5%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,558,000
$3,031,250
$2,895,833
$3,036,719
18.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.024
JAN
$1,725,000
FEB MAR
MEDIAN SALES PRICE
APR
$682
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
29 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Mission Viejo DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$639,000
$660,000
$625,000
$637,500
-0.2%
Average Price per Square Foot ...........................
$319
$319
$320
$333
4.4%
Properties Sold .......................................................
81
93
84
72
-11.1%
Properties Pending Sale .......................................
58
82
59
56
-3.4%
Properties For Sale ................................................
213
312
298
218
2.3%
Days on Market (Pending Sale) ...........................
75
50
49
76
1.3%
Month’s Supply of Inventory ................................
2.6
3.4
3.5
3
15.1%
Percent Under Contract ........................................
27.2%
26.3%
19.8%
25.7%
-5.7%
Average Median Price for Last 12 Months ........
$603,000
$629,567
$629,133
$631,262
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$639
JAN
$637,500
FEB MAR
MEDIAN SALES PRICE
APR
$333
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$637 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Newport Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,600,000
$1,680,000
$1,950,000
$1,795,000
12.2%
Average Price per Square Foot ...........................
$690
$784
$875
$729
5.7%
Properties Sold .......................................................
53
64
49
51
-3.8%
Properties Pending Sale .......................................
33
71
38
31
-6.1%
Properties For Sale ................................................
236
387
348
263
11.4%
Days on Market (Pending Sale) ...........................
86
69
70
81
-5.8%
Month’s Supply of Inventory ................................
4.5
6
7.1
5.2
15.8%
Percent Under Contract ........................................
14.0%
18.3%
10.9%
11.8%
-15.7%
Average Median Price for Last 12 Months ........
$1,684,000
$1,832,500
$1,815,000
$1,811,654
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.600
JAN
$1,795,000
FEB MAR
MEDIAN SALES PRICE
APR
$729
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Newport Coast DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,877,500
$4,280,000
$4,389,900
$3,200,000
70.4%
Average Price per Square Foot ...........................
$712
$744
$952
$894
25.6%
Properties Sold .......................................................
10
7
12
9
-10.0%
Properties Pending Sale .......................................
7
14
14
9
28.6%
Properties For Sale ................................................
68
109
98
76
11.8%
Days on Market (Pending Sale) ...........................
101
50
112
282
179.2%
Month’s Supply of Inventory ................................
6.8
15.6
8.2
8.4
24.2%
Percent Under Contract ........................................
10.3%
12.8%
14.3%
11.8%
15.0%
Average Median Price for Last 12 Months ........
$2,769,000
$3,290,721
$3,297,308
$3,167,583
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.877
JAN
$3,200,000
FEB MAR
MEDIAN SALES PRICE
APR
$894
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Newport Heights DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,952,812
$1,925,000
$2,600,000
$1,725,000
-11.7%
Average Price per Square Foot ...........................
$686
$633
$753
$572
-16.6%
Properties Sold .......................................................
8
9
5
5
-37.5%
Properties Pending Sale .......................................
7
6
0
4
-42.9%
Properties For Sale ................................................
26
33
34
26
0.0%
Days on Market (Pending Sale) ...........................
89
43
0
68
-23.6%
Month’s Supply of Inventory ................................
3.2
3.7
6.8
5.2
60.0%
Percent Under Contract ........................................
26.9%
18.2%
0.0%
15.4%
-42.9%
Average Median Price for Last 12 Months ........
$1,526,000
$1,881,931
$1,697,713
$1,891,713
24.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.952
JAN
$1,725,000
FEB MAR
MEDIAN SALES PRICE
APR
$572
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Rancho Santa Margarita DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$619,000
$665,000
$650,000
$648,000
4.7%
Average Price per Square Foot ...........................
$303
$318
$313
$310
2.3%
Properties Sold .......................................................
33
51
41
41
24.2%
Properties Pending Sale .......................................
22
45
34
25
13.6%
Properties For Sale ................................................
101
180
193
138
36.6%
Days on Market (Pending Sale) ...........................
53
50
61
78
47.2%
Month’s Supply of Inventory ................................
3.1
3.5
4.7
3.4
10.0%
Percent Under Contract ........................................
21.8%
25.0%
17.6%
18.1%
-16.8%
Average Median Price for Last 12 Months ........
$615,000
$646,973
$643,983
$647,411
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$619
JAN
$648,000
FEB MAR
MEDIAN SALES PRICE
APR
$310
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$648 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Clemente DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$850,000
$793,750
$820,000
$792,500
-6.8%
Average Price per Square Foot ...........................
$389
$383
$375
$360
-7.5%
Properties Sold .......................................................
51
56
58
54
5.9%
Properties Pending Sale .......................................
46
60
72
42
-8.7%
Properties For Sale ................................................
234
331
356
232
-0.9%
Days on Market (Pending Sale) ...........................
66
69
72
98
48.5%
Month’s Supply of Inventory ................................
4.6
5.9
6.1
4.3
-6.4%
Percent Under Contract ........................................
19.7%
18.1%
20.2%
18.1%
-7.9%
Average Median Price for Last 12 Months ........
$799,000
$844,250
$848,500
$828,000
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$850
JAN
$792,500
FEB MAR
MEDIAN SALES PRICE
APR
$360
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$792 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
San Juan Capistrano DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$877,500
$700,000
$829,388
$865,500
-1.4%
Average Price per Square Foot ...........................
$379
$338
$339
$371
-2.1%
Properties Sold .......................................................
20
31
16
26
30.0%
Properties Pending Sale .......................................
21
35
24
14
-33.3%
Properties For Sale ................................................
130
153
167
121
-6.9%
Days on Market (Pending Sale) ...........................
97
55
69
81
-16.5%
Month’s Supply of Inventory ................................
6.5
4.9
10.4
4.7
-28.4%
Percent Under Contract ........................................
16.2%
22.9%
14.4%
11.6%
-28.4%
Average Median Price for Last 12 Months ........
$757,000
$781,648
$848,500
$844,107
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$877
JAN
$865,500
FEB MAR
MEDIAN SALES PRICE
APR
$371
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Shady Canyon DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$6,300,000
$4,050,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$810
$694
$0
$0
-100.0%
Properties Sold .......................................................
1
1
0
0
-100.0%
Properties Pending Sale .......................................
1
0
1
0
-100.0%
Properties For Sale ................................................
8
3
4
2
-75.0%
Days on Market (Pending Sale) ...........................
1
0
245
0
-100.0%
Month’s Supply of Inventory ................................
8
3
0
0
0%
Percent Under Contract ........................................
12.5%
0.0%
25.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$5,696,000
$3,650,000
$3,650,000
$4,693,800
-17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$6.300
JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
No sales MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Turtle Ridge DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,925,000
$1,700,000
$2,488,000
$2,237,500
16.2%
Average Price per Square Foot ...........................
$681
$656
$686
$706
3.7%
Properties Sold .......................................................
3
5
5
4
33.3%
Properties Pending Sale .......................................
3
1
5
3
0.0%
Properties For Sale ................................................
24
34
33
19
-20.8%
Days on Market (Pending Sale) ...........................
145
109
82
106
-26.9%
Month’s Supply of Inventory ................................
8
6.8
6.6
4.8
-40.6%
Percent Under Contract ........................................
12.5%
2.9%
15.2%
15.8%
26.3%
Average Median Price for Last 12 Months ........
$2,225,000
$2,349,407
$2,169,481
$2,394,034
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.925
JAN
$2,237,500
FEB MAR
MEDIAN SALES PRICE
APR
$706
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.237 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Turtle Rock DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,990,000
$0
$0
$1,355,000
-54.7%
Average Price per Square Foot ...........................
$444
$0
$0
$712
60.4%
Properties Sold .......................................................
1
0
0
1
0.0%
Properties Pending Sale .......................................
1
0
1
1
0.0%
Properties For Sale ................................................
6
3
7
7
16.7%
Days on Market (Pending Sale) ...........................
182
0
31
51
-72.0%
Month’s Supply of Inventory ................................
6
0
0
7
16.7%
Percent Under Contract ........................................
16.7%
0.0%
14.3%
14.3%
-14.3%
Average Median Price for Last 12 Months ........
$1,512,000
$1,175,000
$1,175,000
$1,584,315
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.990
DEC JAN
$1,355,000
FEB MAR
MEDIAN SALES PRICE
APR
$712
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.355 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Westminster DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$502,500
$529,944
$523,500
$535,900
6.6%
Average Price per Square Foot ...........................
$307
$314
$335
$327
6.5%
Properties Sold .......................................................
30
34
28
33
10.0%
Properties Pending Sale .......................................
17
41
35
22
29.4%
Properties For Sale ................................................
78
129
118
81
3.8%
Days on Market (Pending Sale) ...........................
43
62
55
51
18.6%
Month’s Supply of Inventory ................................
2.6
3.8
4.2
2.5
-5.6%
Percent Under Contract ........................................
21.8%
31.8%
29.7%
27.2%
24.6%
Average Median Price for Last 12 Months ........
$483,000
$539,900
$546,967
$528,411
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$502
JAN
$535,900
FEB MAR
MEDIAN SALES PRICE
APR
$327
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,300,000
$1,700,000
$1,779,500
$1,438,297
10.6%
Average Price per Square Foot ...........................
$581
$578
$684
$559
-3.8%
Properties Sold .......................................................
13
13
6
8
-38.5%
Properties Pending Sale .......................................
5
14
11
5
0.0%
Properties For Sale ................................................
35
67
63
51
45.7%
Days on Market (Pending Sale) ...........................
81
51
65
88
8.6%
Month’s Supply of Inventory ................................
2.7
5.2
10.5
6.4
136.8%
Percent Under Contract ........................................
14.3%
20.9%
17.5%
9.8%
-31.4%
Average Median Price for Last 12 Months ........
$1,353,000
$1,458,175
$1,433,599
$1,489,042
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.300
JAN
$1,438,297
FEB MAR
MEDIAN SALES PRICE
APR
$559
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West Newport - Lido DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,829,650
$1,437,500
$2,250,000
$2,225,000
21.6%
Average Price per Square Foot ...........................
$779
$942
$1,178
$1,281
64.4%
Properties Sold .......................................................
10
6
9
9
-10.0%
Properties Pending Sale .......................................
3
10
4
4
33.3%
Properties For Sale ................................................
41
58
48
41
0.0%
Days on Market (Pending Sale) ...........................
87
98
96
48
-44.8%
Month’s Supply of Inventory ................................
4.1
9.7
5.3
4.6
11.1%
Percent Under Contract ........................................
7.3%
17.2%
8.3%
9.8%
33.3%
Average Median Price for Last 12 Months ........
$1,831,000
$2,119,700
$2,100,500
$2,113,763
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.829
JAN
$2,225,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,281
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : December 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : December 2014
telesproperties.com
Carpinteria DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$869,000
$3,875,000
$949,000
$899,000
3.5%
Average Price per Square Foot ...........................
$1,052
$1,061
$654
$500
-52.5%
Properties Sold .......................................................
11
7
7
5
-54.5%
Properties Pending Sale .......................................
2
9
7
4
100.0%
Properties For Sale ................................................
31
45
46
32
3.2%
Days on Market (Pending Sale) ...........................
28
99
94
80
185.7%
Month’s Supply of Inventory ................................
2.8
6.4
6.6
6.4
127.1%
Percent Under Contract ........................................
6.5%
20.0%
15.2%
12.5%
93.8%
Average Median Price for Last 12 Months ........
$939,000
$1,036,833
$863,833
$1,318,075
40.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$869
JAN
$899,000
FEB MAR
MEDIAN SALES PRICE
APR
$500
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Goleta DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$735,000
$869,000
$885,000
$747,450
1.7%
Average Price per Square Foot ...........................
$468
$473
$499
$536
14.5%
Properties Sold .......................................................
9
5
8
7
-22.2%
Properties Pending Sale .......................................
6
9
6
6
0.0%
Properties For Sale ................................................
23
28
27
22
-4.3%
Days on Market (Pending Sale) ...........................
56
23
36
60
7.1%
Month’s Supply of Inventory ................................
2.6
5.6
3.4
3.1
23.0%
Percent Under Contract ........................................
26.1%
32.1%
22.2%
27.3%
4.5%
Average Median Price for Last 12 Months ........
$751,000
$777,825
$728,983
$792,688
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$735
JAN
$747,450
FEB MAR
MEDIAN SALES PRICE
APR
$536
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Hope Ranch DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,615,000
$2,150,000
$3,128,000
$3,275,000
25.2%
Average Price per Square Foot ...........................
$791
$592
$713
$731
-7.6%
Properties Sold .......................................................
3
4
3
3
0.0%
Properties Pending Sale .......................................
3
5
2
4
33.3%
Properties For Sale ................................................
37
36
33
25
-32.4%
Days on Market (Pending Sale) ...........................
217
135
300
167
-23.0%
Month’s Supply of Inventory ................................
12.3
9
11
8.3
-32.4%
Percent Under Contract ........................................
8.1%
13.9%
6.1%
16.0%
97.3%
Average Median Price for Last 12 Months ........
$2,819,000
$2,581,167
$2,318,000
$2,987,327
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.615
JAN
$3,275,000
FEB MAR
MEDIAN SALES PRICE
APR
$731
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Montecito DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,030,000
$3,620,000
$2,400,000
$2,336,250
15.1%
Average Price per Square Foot ...........................
$948
$1,028
$852
$687
-27.5%
Properties Sold .......................................................
18
25
25
12
-33.3%
Properties Pending Sale .......................................
18
17
22
12
-33.3%
Properties For Sale ................................................
160
177
166
130
-18.8%
Days on Market (Pending Sale) ...........................
138
79
163
128
-7.2%
Month’s Supply of Inventory ................................
8.9
7.1
6.6
10.8
21.9%
Percent Under Contract ........................................
11.2%
9.6%
13.3%
9.2%
-17.9%
Average Median Price for Last 12 Months ........
$2,489,000
$2,894,542
$2,663,083
$2,696,712
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.030
JAN
$2,336,250
FEB MAR
MEDIAN SALES PRICE
APR
$687
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
10.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.336 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Barbara East of State DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,250,000
$1,196,000
$1,300,000
$1,160,000
-7.2%
Average Price per Square Foot ...........................
$751
$682
$635
$636
-15.3%
Properties Sold .......................................................
23
26
28
25
8.7%
Properties Pending Sale .......................................
16
33
27
21
31.2%
Properties For Sale ................................................
104
138
140
101
-2.9%
Days on Market (Pending Sale) ...........................
67
48
38
62
-7.5%
Month’s Supply of Inventory ................................
4.5
5.3
5
4
-10.7%
Percent Under Contract ........................................
15.4%
23.9%
19.3%
20.8%
35.1%
Average Median Price for Last 12 Months ........
$1,016,000
$1,167,292
$1,102,917
$1,207,712
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.250
JAN
$1,160,000
FEB MAR
MEDIAN SALES PRICE
APR
$636
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Barbara West of State DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$858,000
$850,000
$950,000
$862,500
0.5%
Average Price per Square Foot ...........................
$586
$598
$693
$777
32.6%
Properties Sold .......................................................
25
20
23
20
-20.0%
Properties Pending Sale .......................................
16
23
17
15
-6.2%
Properties For Sale ................................................
48
69
77
67
39.6%
Days on Market (Pending Sale) ...........................
40
38
36
52
30.0%
Month’s Supply of Inventory ................................
1.9
3.4
3.3
3.4
74.5%
Percent Under Contract ........................................
33.3%
33.3%
22.1%
22.4%
-32.8%
Average Median Price for Last 12 Months ........
$832,000
$1,077,583
$1,125,833
$1,000,077
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$858
JAN
$862,500
FEB MAR
MEDIAN SALES PRICE
APR
$777
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Ynez DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$600,000
$835,000
$640,000
$815,000
35.8%
Average Price per Square Foot ...........................
$268
$414
$291
$338
26.1%
Properties Sold .......................................................
7
13
9
8
14.3%
Properties Pending Sale .......................................
3
12
14
6
100.0%
Properties For Sale ................................................
104
121
116
105
1.0%
Days on Market (Pending Sale) ...........................
81
206
77
195
140.7%
Month’s Supply of Inventory ................................
14.9
9.3
12.9
13.1
-11.7%
Percent Under Contract ........................................
2.9%
9.9%
12.1%
5.7%
98.1%
Average Median Price for Last 12 Months ........
$675,000
$719,833
$619,250
$715,692
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$600
JAN
$815,000
FEB MAR
MEDIAN SALES PRICE
APR
$338
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
13.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : December 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : December 2014
telesproperties.com
Carmel DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,302,500
$1,525,000
$1,675,000
$1,200,000
-7.9%
Average Price per Square Foot ...........................
$727
$733
$906
$798
9.8%
Properties Sold .......................................................
20
23
17
13
-35.0%
Properties Pending Sale .......................................
8
21
30
12
50.0%
Properties For Sale ................................................
132
147
145
113
-14.4%
Days on Market (Pending Sale) ...........................
251
81
69
70
-72.1%
Month’s Supply of Inventory ................................
6.6
6.4
8.5
8.7
31.7%
Percent Under Contract ........................................
6.1%
14.3%
20.7%
10.6%
75.2%
Average Median Price for Last 12 Months ........
$1,280,000
$1,455,192
$1,490,383
$1,436,963
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.302
JAN
$1,200,000
FEB MAR
MEDIAN SALES PRICE
APR
$798
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Carmel Valley DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,165,000
$745,000
$985,000
$944,500
-18.9%
Average Price per Square Foot ...........................
$440
$442
$390
$386
-12.3%
Properties Sold .......................................................
20
15
6
10
-50.0%
Properties Pending Sale .......................................
9
15
6
11
22.2%
Properties For Sale ................................................
95
102
92
87
-8.4%
Days on Market (Pending Sale) ...........................
189
81
40
101
-46.6%
Month’s Supply of Inventory ................................
4.8
6.8
15.3
8.7
83.2%
Percent Under Contract ........................................
9.5%
14.7%
6.5%
12.6%
33.5%
Average Median Price for Last 12 Months ........
$919,000
$875,667
$845,333
$968,942
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.165
DEC JAN
$944,500
FEB MAR
MEDIAN SALES PRICE
APR
$386
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$944 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Pacific Grove DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$799,500
$730,000
$774,000
$739,000
-7.6%
Average Price per Square Foot ...........................
$531
$765
$528
$590
11.1%
Properties Sold .......................................................
10
17
8
13
30.0%
Properties Pending Sale .......................................
12
13
13
13
8.3%
Properties For Sale ................................................
48
58
66
52
8.3%
Days on Market (Pending Sale) ...........................
42
84
73
49
16.7%
Month’s Supply of Inventory ................................
4.8
3.4
8.2
4
-16.7%
Percent Under Contract ........................................
25.0%
22.4%
19.7%
25.0%
0.0%
Average Median Price for Last 12 Months ........
$698,000
$748,167
$761,333
$741,804
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$799
JAN
$739,000
FEB MAR
MEDIAN SALES PRICE
APR
$590
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$739 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Pebble Beach DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$2,000,000
$1,282,500
$1,570,000
$975,000
-51.2%
Average Price per Square Foot ...........................
$695
$438
$735
$686
-1.3%
Properties Sold .......................................................
7
6
15
7
0.0%
Properties Pending Sale .......................................
7
8
12
6
-14.3%
Properties For Sale ................................................
79
83
84
73
-7.6%
Days on Market (Pending Sale) ...........................
109
183
75
140
28.4%
Month’s Supply of Inventory ................................
11.3
13.8
5.6
10.4
-7.6%
Percent Under Contract ........................................
8.9%
9.6%
14.3%
8.2%
-7.2%
Average Median Price for Last 12 Months ........
$1,368,000
$1,377,917
$1,145,833
$1,469,192
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.000
DEC JAN
$975,000
FEB MAR
MEDIAN SALES PRICE
APR
$686
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
10.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : December 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : December 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$825,000
$490,000
$560,000
$600,000
-27.3%
Average Price per Square Foot ...........................
$522
$488
$539
$513
-1.7%
Properties Sold .......................................................
9
10
8
7
-22.2%
Properties Pending Sale .......................................
3
5
6
6
100.0%
Properties For Sale ................................................
22
33
37
25
13.6%
Days on Market (Pending Sale) ...........................
80
50
40
82
2.5%
Month’s Supply of Inventory ................................
2.4
3.3
4.6
3.6
46.1%
Percent Under Contract ........................................
13.6%
15.2%
16.2%
24.0%
76.0%
Average Median Price for Last 12 Months ........
$618,000
$619,167
$626,667
$639,615
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $825
DEC JAN
$600,000
FEB MAR
MEDIAN SALES PRICE
APR
$513
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Beverly Hills DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$912,500
$883,000
$1,160,000
$1,005,000
10.1%
Average Price per Square Foot ...........................
$552
$554
$626
$572
3.6%
Properties Sold .......................................................
8
14
13
7
-12.5%
Properties Pending Sale .......................................
4
10
7
6
50.0%
Properties For Sale ................................................
47
58
52
50
6.4%
Days on Market (Pending Sale) ...........................
145
83
71
59
-59.3%
Month’s Supply of Inventory ................................
5.9
4.1
4
7.1
21.6%
Percent Under Contract ........................................
8.5%
17.2%
13.5%
12.0%
41.0%
Average Median Price for Last 12 Months ........
$844,000
$1,096,000
$1,067,333
$1,071,308
26.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$912
JAN
$1,005,000
FEB MAR
MEDIAN SALES PRICE
APR
$572
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.005 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Brentwood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$767,500
$672,000
$810,000
$632,000
-17.7%
Average Price per Square Foot ...........................
$511
$492
$531
$498
-2.5%
Properties Sold .......................................................
20
17
23
14
-30.0%
Properties Pending Sale .......................................
10
16
13
18
80.0%
Properties For Sale ................................................
59
86
88
69
16.9%
Days on Market (Pending Sale) ...........................
58
32
50
61
5.2%
Month’s Supply of Inventory ................................
3
5.1
3.8
4.9
67.1%
Percent Under Contract ........................................
16.9%
18.6%
14.8%
26.1%
53.9%
Average Median Price for Last 12 Months ........
$686,000
$769,167
$745,667
$764,385
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $767
DEC JAN
$632,000
FEB MAR
MEDIAN SALES PRICE
APR
$498
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$632 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Culver City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$402,500
$417,750
$425,000
$404,000
0.4%
Average Price per Square Foot ...........................
$389
$414
$369
$401
3.1%
Properties Sold .......................................................
8
18
17
14
75.0%
Properties Pending Sale .......................................
10
21
15
20
100.0%
Properties For Sale ................................................
33
55
49
50
51.5%
Days on Market (Pending Sale) ...........................
35
31
43
50
42.9%
Month’s Supply of Inventory ................................
4.1
3.1
2.9
3.6
-13.4%
Percent Under Contract ........................................
30.3%
38.2%
30.6%
40.0%
32.0%
Average Median Price for Last 12 Months ........
$361,000
$417,250
$409,667
$410,173
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$402
JAN
$404,000
FEB MAR
MEDIAN SALES PRICE
APR
$401
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$404 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Encino DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$303,000
$262,000
$281,000
$312,000
3.0%
Average Price per Square Foot ...........................
$248
$239
$274
$262
5.6%
Properties Sold .......................................................
10
18
14
24
140.0%
Properties Pending Sale .......................................
18
14
16
17
-5.6%
Properties For Sale ................................................
31
46
48
38
22.6%
Days on Market (Pending Sale) ...........................
69
57
64
88
27.5%
Month’s Supply of Inventory ................................
3.1
2.6
3.4
1.6
-48.9%
Percent Under Contract ........................................
58.1%
30.4%
33.3%
44.7%
-23.0%
Average Median Price for Last 12 Months ........
$275,385
$294,000
$317,667
$299,462
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$303
JAN
$312,000
FEB MAR
MEDIAN SALES PRICE
APR
$262
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Malibu DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$753,500
$785,000
$825,000
$716,000
-5.0%
Average Price per Square Foot ...........................
$554
$678
$542
$458
-17.3%
Properties Sold .......................................................
2
2
3
1
-50.0%
Properties Pending Sale .......................................
5
1
1
2
-60.0%
Properties For Sale ................................................
21
16
26
23
9.5%
Days on Market (Pending Sale) ...........................
54
68
39
109
101.9%
Month’s Supply of Inventory ................................
10.5
8
8.7
23
119.0%
Percent Under Contract ........................................
23.8%
6.2%
3.8%
8.7%
-63.5%
Average Median Price for Last 12 Months ........
$671,000
$894,167
$950,333
$838,923
25.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$753
JAN
$716,000
FEB MAR
MEDIAN SALES PRICE
APR
$458
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
23 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$716 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Marina Del Rey DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$672,500
$792,500
$771,000
$780,000
16.0%
Average Price per Square Foot ...........................
$476
$577
$666
$568
19.3%
Properties Sold .......................................................
34
30
18
28
-17.6%
Properties Pending Sale .......................................
21
30
37
12
-42.9%
Properties For Sale ................................................
132
133
115
87
-34.1%
Days on Market (Pending Sale) ...........................
95
44
74
43
-54.7%
Month’s Supply of Inventory ................................
3.9
4.4
6.4
3.1
-20.0%
Percent Under Contract ........................................
15.9%
22.6%
32.2%
13.8%
-13.3%
Average Median Price for Last 12 Months ........
$703,000
$767,375
$762,750
$755,858
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$672
JAN
$780,000
FEB MAR
MEDIAN SALES PRICE
APR
$568
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Santa Monica DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$780,000
$1,170,000
$1,185,400
$1,150,000
47.4%
Average Price per Square Foot ...........................
$639
$971
$1,068
$1,176
84.0%
Properties Sold .......................................................
35
56
32
37
5.7%
Properties Pending Sale .......................................
21
51
38
22
4.8%
Properties For Sale ................................................
89
150
164
106
19.1%
Days on Market (Pending Sale) ...........................
54
35
46
97
79.6%
Month’s Supply of Inventory ................................
2.5
2.7
5.1
2.9
12.7%
Percent Under Contract ........................................
23.6%
34.0%
23.2%
20.8%
-12.0%
Average Median Price for Last 12 Months ........
$713,000
$996,067
$969,500
$908,131
27.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$780
JAN
$1,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,176
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Sherman Oaks DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$394,000
$405,000
$377,000
$389,000
-1.3%
Average Price per Square Foot ...........................
$305
$315
$311
$317
3.9%
Properties Sold .......................................................
18
20
22
27
50.0%
Properties Pending Sale .......................................
13
16
20
22
69.2%
Properties For Sale ................................................
22
58
47
46
109.1%
Days on Market (Pending Sale) ...........................
66
46
58
68
3.0%
Month’s Supply of Inventory ................................
1.2
2.9
2.1
1.7
39.4%
Percent Under Contract ........................................
59.1%
27.6%
42.6%
47.8%
-19.1%
Average Median Price for Last 12 Months ........
$354,769
$392,000
$398,333
$397,769
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$394
JAN
$389,000
FEB MAR
MEDIAN SALES PRICE
APR
$317
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$389 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Studio City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$507,000
$445,000
$409,000
$424,000
-16.4%
Average Price per Square Foot ...........................
$383
$353
$365
$388
1.3%
Properties Sold .......................................................
10
6
4
10
0.0%
Properties Pending Sale .......................................
5
20
8
9
80.0%
Properties For Sale ................................................
22
35
32
42
90.9%
Days on Market (Pending Sale) ...........................
45
61
75
60
33.3%
Month’s Supply of Inventory ................................
2.2
5.8
8
4.2
90.9%
Percent Under Contract ........................................
22.7%
57.1%
25.0%
21.4%
-5.7%
Average Median Price for Last 12 Months ........
$448,385
$507,500
$525,667
$493,923
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $507
DEC JAN
$424,000
FEB MAR
MEDIAN SALES PRICE
APR
$388
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$424 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Venice DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$1,185,000
$1,136,500
$925,000
$0
-100.0%
Average Price per Square Foot ...........................
$608
$783
$594
$0
-100.0%
Properties Sold .......................................................
5
7
4
0
-100.0%
Properties Pending Sale .......................................
0
2
2
1
0%
Properties For Sale ................................................
8
24
28
20
150.0%
Days on Market (Pending Sale) ...........................
0
228
18
54
0%
Month’s Supply of Inventory ................................
1.6
3.4
7
0
0%
Percent Under Contract ........................................
0.0%
8.3%
7.1%
5.0%
0%
Average Median Price for Last 12 Months ........
$1,092,000
$1,075,300
$889,500
$1,126,936
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.185
JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
No sales MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West Hollywood DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$639,000
$630,000
$675,000
$585,000
-8.5%
Average Price per Square Foot ...........................
$524
$547
$548
$553
5.5%
Properties Sold .......................................................
35
27
19
25
-28.6%
Properties Pending Sale .......................................
17
36
24
23
35.3%
Properties For Sale ................................................
101
134
143
122
20.8%
Days on Market (Pending Sale) ...........................
46
42
50
68
47.8%
Month’s Supply of Inventory ................................
2.9
5
7.5
4.9
69.1%
Percent Under Contract ........................................
16.8%
26.9%
16.8%
18.9%
12.0%
Average Median Price for Last 12 Months ........
$539,000
$621,167
$606,500
$625,288
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$639
JAN
$585,000
FEB MAR
MEDIAN SALES PRICE
APR
$553
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
West LA DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$762,250
$694,500
$640,000
$492,000
-35.5%
Average Price per Square Foot ...........................
$457
$452
$447
$502
9.8%
Properties Sold .......................................................
12
14
11
13
8.3%
Properties Pending Sale .......................................
12
20
10
12
0.0%
Properties For Sale ................................................
41
58
46
41
0.0%
Days on Market (Pending Sale) ...........................
42
45
39
56
33.3%
Month’s Supply of Inventory ................................
3.4
4.1
4.2
3.2
-7.7%
Percent Under Contract ........................................
29.3%
34.5%
21.7%
29.3%
0.0%
Average Median Price for Last 12 Months ........
$635,000
$611,750
$604,833
$628,635
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $762
DEC JAN
$492,000
FEB MAR
MEDIAN SALES PRICE
APR
$502
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$492 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
Westwood - Century City DATA*
Dec 2013
6 month
3 month
Dec 2014
% change
Median Price ..........................................................
$720,000
$729,000
$795,000
$716,000
-0.6%
Average Price per Square Foot ...........................
$668
$596
$665
$618
-7.5%
Properties Sold .......................................................
36
41
45
40
11.1%
Properties Pending Sale .......................................
26
54
47
31
19.2%
Properties For Sale ................................................
245
319
274
241
-1.6%
Days on Market (Pending Sale) ...........................
89
62
60
69
-22.5%
Month’s Supply of Inventory ................................
6.8
7.8
6.1
6
-11.5%
Percent Under Contract ........................................
10.6%
16.9%
17.2%
12.9%
21.2%
Average Median Price for Last 12 Months ........
$689,000
$762,896
$744,500
$754,726
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$720
JAN
$716,000
FEB MAR
MEDIAN SALES PRICE
APR
$618
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$716 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2014
telesproperties.com
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