micro market report luxury real estate market research December 2015 | LOS ANGELES, ORANGE COUNTY, SANTA BARBARA, MONTEREY, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : December 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : December 2015
telesproperties.com
Los Angeles County DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$500,000
$550,000
$545,000
$548,000
9.6%
Average Price per Square Foot ...........................
$404
$439
$413
$424
5.0%
Properties Sold .......................................................
4029
3697
4350
4358
8.2%
Properties Pending Sale .......................................
3393
4421
4575
3349
-1.3%
Properties For Sale ................................................
16,011
17,472
19,384
15,043
-6.0%
Days on Market (Pending Sale) ...........................
60
39
46
53
-11.7%
Month’s Supply of Inventory ................................
4
4.7
4.5
3.5
-13.1%
Percent Under Contract ........................................
21.2%
25.3%
23.6%
22.3%
5.1%
Average Median Price for Last 12 Months ........
$516,500
$544,496
$538,667
$531,519
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$500
JAN
$548,000
FEB MAR
MEDIAN SALES PRICE
APR
$424
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.5 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 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,622,500
$2,418,750
$2,175,000
$2,250,000
38.7%
Average Price per Square Foot ...........................
$981
$973
$808
$904
-7.8%
Properties Sold .......................................................
14
20
15
7
-50.0%
Properties Pending Sale .......................................
9
20
16
6
-33.3%
Properties For Sale ................................................
110
140
134
100
-9.1%
Days on Market (Pending Sale) ...........................
94
82
74
132
40.4%
Month’s Supply of Inventory ................................
7.9
7
8.9
14.3
81.8%
Percent Under Contract ........................................
8.2%
14.3%
11.9%
6.0%
-26.7%
Average Median Price for Last 12 Months ........
$2,453,679
$2,224,083
$2,404,833
$2,279,481
-7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.622
JAN
$2,250,000
FEB MAR
MEDIAN SALES PRICE
APR
$904
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
14.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,330,000
$1,520,000
$1,575,000
$1,150,000
-13.5%
Average Price per Square Foot ...........................
$629
$634
$727
$689
9.5%
Properties Sold .......................................................
10
20
6
13
30.0%
Properties Pending Sale .......................................
6
22
9
9
50.0%
Properties For Sale ................................................
52
73
59
60
15.4%
Days on Market (Pending Sale) ...........................
59
43
34
32
-45.8%
Month’s Supply of Inventory ................................
5.2
3.6
9.8
4.6
-11.2%
Percent Under Contract ........................................
11.5%
30.1%
15.3%
15.0%
30.0%
Average Median Price for Last 12 Months ........
$1,320,108
$1,558,667
$1,441,667
$1,469,038
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.330
JAN
$1,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$689
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.6 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 2015
telesproperties.com
Beverly Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$6,200,000
$3,435,000
$8,950,000
$6,244,000
0.7%
Average Price per Square Foot ...........................
$1,329
$1,365
$1,625
$1,515
14.0%
Properties Sold .......................................................
9
18
11
15
66.7%
Properties Pending Sale .......................................
7
28
10
15
114.3%
Properties For Sale ................................................
86
98
105
98
14.0%
Days on Market (Pending Sale) ...........................
74
55
75
70
-5.4%
Month’s Supply of Inventory ................................
9.6
5.4
9.5
6.5
-31.6%
Percent Under Contract ........................................
8.1%
28.6%
9.5%
15.3%
88.0%
Average Median Price for Last 12 Months ........
$4,336,938
$5,328,147
$4,503,794
$5,131,068
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$6.200
JAN
$6,244,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,515
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$6.244 M E 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 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$3,225,000
$3,597,500
$2,025,000
$2,577,500
-20.1%
Average Price per Square Foot ...........................
$761
$876
$1,072
$889
16.8%
Properties Sold .......................................................
14
18
16
14
0.0%
Properties Pending Sale .......................................
11
22
16
8
-27.3%
Properties For Sale ................................................
123
142
160
126
2.4%
Days on Market (Pending Sale) ...........................
142
57
86
58
-59.2%
Month’s Supply of Inventory ................................
8.8
7.9
10
9
2.4%
Percent Under Contract ........................................
8.9%
15.5%
10.0%
6.3%
-29.0%
Average Median Price for Last 12 Months ........
$2,490,583
$2,623,417
$2,742,500
$2,590,423
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.225
DEC JAN
$2,577,500
FEB MAR
MEDIAN SALES PRICE
APR
$889
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.577 M E 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 2015
telesproperties.com
Beverlywood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$837,625
$1,228,500
$1,055,500
$825,500
-1.4%
Average Price per Square Foot ...........................
$558
$632
$686
$641
14.9%
Properties Sold .......................................................
14
18
16
18
28.6%
Properties Pending Sale .......................................
13
21
14
16
23.1%
Properties For Sale ................................................
44
59
66
55
25.0%
Days on Market (Pending Sale) ...........................
35
28
36
42
20.0%
Month’s Supply of Inventory ................................
3.1
3.3
4.1
3.1
-2.8%
Percent Under Contract ........................................
29.5%
35.6%
21.2%
29.1%
-1.5%
Average Median Price for Last 12 Months ........
$906,510
$1,077,000
$961,167
$1,006,317
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$837
JAN
$825,500
FEB MAR
MEDIAN SALES PRICE
APR
$641
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2015
telesproperties.com
Brentwood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,099,855
$2,825,000
$3,492,500
$4,500,000
114.3%
Average Price per Square Foot ...........................
$876
$998
$946
$1,196
36.5%
Properties Sold .......................................................
28
21
14
15
-46.4%
Properties Pending Sale .......................................
15
27
23
17
13.3%
Properties For Sale ................................................
84
144
150
114
35.7%
Days on Market (Pending Sale) ...........................
68
56
54
67
-1.5%
Month’s Supply of Inventory ................................
3
6.9
10.7
7.6
153.3%
Percent Under Contract ........................................
17.9%
18.8%
15.3%
14.9%
-16.5%
Average Median Price for Last 12 Months ........
$2,627,468
$3,070,875
$3,282,333
$2,939,154
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.099
JAN
$4,500,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,196
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.500 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,675,000
$1,849,000
$2,296,580
$1,162,300
-30.6%
Average Price per Square Foot ...........................
$672
$731
$799
$783
16.5%
Properties Sold .......................................................
9
8
9
5
-44.4%
Properties Pending Sale .......................................
8
8
3
3
-62.5%
Properties For Sale ................................................
20
22
24
19
-5.0%
Days on Market (Pending Sale) ...........................
42
25
29
124
195.2%
Month’s Supply of Inventory ................................
2.2
2.8
2.7
3.8
71.0%
Percent Under Contract ........................................
40.0%
36.4%
12.5%
15.8%
-60.5%
Average Median Price for Last 12 Months ........
$1,626,408
$1,734,397
$1,524,933
$1,677,568
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.675
DEC JAN
$1,162,300
FEB MAR
MEDIAN SALES PRICE
APR
$783
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.162 M E 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 2015
telesproperties.com
Culver City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$877,000
$1,038,000
$1,035,000
$1,012,500
15.5%
Average Price per Square Foot ...........................
$577
$610
$653
$678
17.5%
Properties Sold .......................................................
18
18
25
26
44.4%
Properties Pending Sale .......................................
12
28
21
12
0.0%
Properties For Sale ................................................
43
70
78
44
2.3%
Days on Market (Pending Sale) ...........................
24
31
32
43
79.2%
Month’s Supply of Inventory ................................
2.4
3.9
3.1
1.7
-29.2%
Percent Under Contract ........................................
27.9%
40.0%
26.9%
27.3%
-2.3%
Average Median Price for Last 12 Months ........
$820,425
$1,044,583
$1,050,833
$1,001,038
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$877
JAN
$1,012,500
FEB MAR
MEDIAN SALES PRICE
APR
$678
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.012 M E 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 2015
telesproperties.com
Downtown DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$295,000
$287,450
$320,000
$332,392
12.7%
Average Price per Square Foot ...........................
$255
$182
$265
$263
3.1%
Properties Sold .......................................................
6
8
15
10
66.7%
Properties Pending Sale .......................................
11
12
9
7
-36.4%
Properties For Sale ................................................
63
65
66
43
-31.7%
Days on Market (Pending Sale) ...........................
71
55
30
24
-66.2%
Month’s Supply of Inventory ................................
10.5
8.1
4.4
4.3
-59.0%
Percent Under Contract ........................................
17.5%
18.5%
13.6%
16.3%
-6.8%
Average Median Price for Last 12 Months ........
$246,200
$296,536
$312,964
$298,340
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$295
JAN
$332,392
FEB MAR
MEDIAN SALES PRICE
APR
$263
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$332 M E 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,317,500
$1,200,000
$1,317,000
$1,630,000
23.7%
Average Price per Square Foot ...........................
$667
$703
$593
$656
-1.6%
Properties Sold .......................................................
24
24
15
17
-29.2%
Properties Pending Sale .......................................
20
26
25
17
-15.0%
Properties For Sale ................................................
92
126
136
100
8.7%
Days on Market (Pending Sale) ...........................
60
50
36
63
5.0%
Month’s Supply of Inventory ................................
3.8
5.2
9.1
5.9
53.5%
Percent Under Contract ........................................
21.7%
20.6%
18.4%
17.0%
-21.8%
Average Median Price for Last 12 Months ........
$1,269,104
$1,437,000
$1,426,667
$1,361,346
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.317
JAN
$1,630,000
FEB MAR
MEDIAN SALES PRICE
APR
$656
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Hollywood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$700,000
$742,362
$690,000
$852,500
21.8%
Average Price per Square Foot ...........................
$464
$569
$511
$515
11.0%
Properties Sold .......................................................
9
13
5
8
-11.1%
Properties Pending Sale .......................................
8
15
2
13
62.5%
Properties For Sale ................................................
40
45
36
49
22.5%
Days on Market (Pending Sale) ...........................
60
33
33
39
-35.0%
Month’s Supply of Inventory ................................
4.4
3.5
7.2
6.1
37.8%
Percent Under Contract ........................................
20.0%
33.3%
5.6%
26.5%
32.7%
Average Median Price for Last 12 Months ........
$855,682
$828,983
$833,800
$832,982
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$700
JAN
$852,500
FEB MAR
MEDIAN SALES PRICE
APR
$515
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$852 M E 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 2015
telesproperties.com
Hollywood Hills East DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,437,500
$1,298,500
$1,034,500
$1,356,122
-5.7%
Average Price per Square Foot ...........................
$689
$613
$544
$523
-24.1%
Properties Sold .......................................................
10
14
10
10
0.0%
Properties Pending Sale .......................................
7
22
14
9
28.6%
Properties For Sale ................................................
61
91
69
56
-8.2%
Days on Market (Pending Sale) ...........................
64
60
48
47
-26.6%
Month’s Supply of Inventory ................................
8.7
4.1
4.9
5.6
-35.7%
Percent Under Contract ........................................
11.5%
24.2%
20.3%
16.1%
40.1%
Average Median Price for Last 12 Months ........
$1,185,965
$1,265,770
$1,326,707
$1,247,641
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.437
JAN
$1,356,122
FEB MAR
MEDIAN SALES PRICE
APR
$523
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.356 M E 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 2015
telesproperties.com
Laurel Canyon DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,555,000
$1,484,678
$1,230,000
$1,480,000
-4.8%
Average Price per Square Foot ...........................
$727
$746
$730
$792
8.9%
Properties Sold .......................................................
20
18
20
31
55.0%
Properties Pending Sale .......................................
23
18
21
26
13.0%
Properties For Sale ................................................
144
51
149
130
-9.7%
Days on Market (Pending Sale) ...........................
44
43
74
82
86.4%
Month’s Supply of Inventory ................................
6.3
2.8
7.1
5
-20.1%
Percent Under Contract ........................................
16.0%
35.3%
14.1%
20.0%
25.2%
Average Median Price for Last 12 Months ........
$1,366,465
$1,437,750
$1,471,833
$1,463,321
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.555
JAN
$1,480,000
FEB MAR
MEDIAN SALES PRICE
APR
$792
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.480 M E 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 2015
telesproperties.com
Los Feliz DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,214,300
$1,650,000
$1,285,000
$1,460,000
20.2%
Average Price per Square Foot ...........................
$628
$636
$640
$611
-2.7%
Properties Sold .......................................................
20
17
19
19
-5.0%
Properties Pending Sale .......................................
18
21
19
14
-22.2%
Properties For Sale ................................................
80
92
96
76
-5.0%
Days on Market (Pending Sale) ...........................
45
35
84
84
86.7%
Month’s Supply of Inventory ................................
4.4
4.4
5.1
4
-10.0%
Percent Under Contract ........................................
22.5%
22.8%
19.8%
18.4%
-18.1%
Average Median Price for Last 12 Months ........
$1,213,858
$1,470,692
$1,540,133
$1,392,219
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.214
JAN
$1,460,000
FEB MAR
MEDIAN SALES PRICE
APR
$611
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.460 M E 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 2015
telesproperties.com
Malibu DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,520,000
$3,150,000
$2,584,582
$2,550,000
1.2%
Average Price per Square Foot ...........................
$800
$931
$835
$1,109
38.6%
Properties Sold .......................................................
17
18
16
20
17.6%
Properties Pending Sale .......................................
18
12
14
12
-33.3%
Properties For Sale ................................................
188
215
230
194
3.2%
Days on Market (Pending Sale) ...........................
145
76
168
77
-46.9%
Month’s Supply of Inventory ................................
11.1
11.9
14.4
9.7
-12.3%
Percent Under Contract ........................................
9.6%
5.6%
6.1%
6.2%
-35.4%
Average Median Price for Last 12 Months ........
$2,266,116
$2,357,014
$2,294,167
$2,286,429
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.520
JAN
$2,550,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,109
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
9.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Malibu Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$4,700,000
$3,150,000
$7,875,000
$5,775,000
22.9%
Average Price per Square Foot ...........................
$2,000
$1,868
$2,776
$2,265
13.2%
Properties Sold .......................................................
3
7
4
4
33.3%
Properties Pending Sale .......................................
4
5
6
4
0.0%
Properties For Sale ................................................
67
83
80
72
7.5%
Days on Market (Pending Sale) ...........................
204
142
160
132
-35.3%
Month’s Supply of Inventory ................................
22.3
11.9
20
18
-19.4%
Percent Under Contract ........................................
6.0%
6.0%
7.5%
5.6%
-6.9%
Average Median Price for Last 12 Months ........
$6,994,490
$7,344,583
$7,768,333
$5,816,923
-20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$4.700
JAN
$5,775,000
FEB MAR
MEDIAN SALES PRICE
APR
$2,265
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
18 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$5.775 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 2015
telesproperties.com
Marina Del Rey DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,602,500
$1,265,000
$1,546,750
$1,821,000
13.6%
Average Price per Square Foot ...........................
$663
$817
$792
$745
12.4%
Properties Sold .......................................................
2
3
6
2
0.0%
Properties Pending Sale .......................................
4
3
3
3
-25.0%
Properties For Sale ................................................
24
22
23
24
0.0%
Days on Market (Pending Sale) ...........................
65
50
54
69
6.2%
Month’s Supply of Inventory ................................
12
7.3
3.8
12
0.0%
Percent Under Contract ........................................
16.7%
13.6%
13.0%
12.5%
-25.0%
Average Median Price for Last 12 Months ........
$1,559,091
$1,736,375
$1,776,167
$1,707,429
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.602
JAN
$1,821,000
FEB MAR
MEDIAN SALES PRICE
APR
$745
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
12 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.821 M E 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 2015
telesproperties.com
Mid Los Angeles DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$450,000
$580,000
$568,500
$582,000
29.3%
Average Price per Square Foot ...........................
$311
$387
$346
$366
17.7%
Properties Sold .......................................................
37
35
36
42
13.5%
Properties Pending Sale .......................................
30
45
40
37
23.3%
Properties For Sale ................................................
135
136
142
133
-1.5%
Days on Market (Pending Sale) ...........................
75
39
40
30
-60.0%
Month’s Supply of Inventory ................................
3.6
3.9
3.9
3.2
-13.2%
Percent Under Contract ........................................
22.2%
33.1%
28.2%
27.8%
25.2%
Average Median Price for Last 12 Months ........
$446,825
$540,492
$521,483
$510,265
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$450
JAN
$582,000
FEB MAR
MEDIAN SALES PRICE
APR
$366
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$582 M E 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 2015
telesproperties.com
Mid Wilshire DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$572,500
$750,000
$988,000
$697,500
21.8%
Average Price per Square Foot ...........................
$322
$312
$443
$322
0.0%
Properties Sold .......................................................
7
3
2
6
-14.3%
Properties Pending Sale .......................................
6
6
3
2
-66.7%
Properties For Sale ................................................
30
24
29
16
-46.7%
Days on Market (Pending Sale) ...........................
40
40
23
96
140.0%
Month’s Supply of Inventory ................................
4.3
8
14.5
2.7
-37.8%
Percent Under Contract ........................................
20.0%
25.0%
10.3%
12.5%
-37.5%
Average Median Price for Last 12 Months ........
$656,350
$799,600
$686,250
$706,375
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$572
JAN
$697,500
FEB MAR
MEDIAN SALES PRICE
APR
$322
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$697 M E 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 2015
telesproperties.com
Pacific Palisades DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,990,000
$2,547,500
$2,842,500
$3,136,625
57.6%
Average Price per Square Foot ...........................
$870
$921
$1,024
$950
9.2%
Properties Sold .......................................................
15
30
22
24
60.0%
Properties Pending Sale .......................................
11
30
21
10
-9.1%
Properties For Sale ................................................
96
144
134
110
14.6%
Days on Market (Pending Sale) ...........................
86
48
60
53
-38.4%
Month’s Supply of Inventory ................................
6.4
4.8
6.1
4.6
-28.4%
Percent Under Contract ........................................
11.5%
20.8%
15.7%
9.1%
-20.7%
Average Median Price for Last 12 Months ........
$2,531,114
$2,887,604
$2,877,708
$2,773,856
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.990
JAN
$3,136,625
FEB MAR
MEDIAN SALES PRICE
APR
$950
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.136 M E 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 2015
telesproperties.com
Palms - Mar Vista DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,175,000
$1,115,000
$1,225,000
$1,185,000
0.9%
Average Price per Square Foot ...........................
$629
$765
$725
$719
14.3%
Properties Sold .......................................................
31
37
25
32
3.2%
Properties Pending Sale .......................................
29
45
23
27
-6.9%
Properties For Sale ................................................
67
93
84
68
1.5%
Days on Market (Pending Sale) ...........................
42
43
29
36
-14.3%
Month’s Supply of Inventory ................................
2.2
2.5
3.4
2.1
-1.7%
Percent Under Contract ........................................
43.3%
48.4%
27.4%
39.7%
-8.3%
Average Median Price for Last 12 Months ........
$1,037,759
$1,245,917
$1,262,667
$1,182,529
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.175
JAN
$1,185,000
FEB MAR
MEDIAN SALES PRICE
APR
$719
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.185 M E 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 2015
telesproperties.com
Playa Del Rey DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,108,000
$1,975,000
$1,450,500
$1,395,000
25.9%
Average Price per Square Foot ...........................
$540
$715
$540
$499
-7.6%
Properties Sold .......................................................
4
2
4
4
0.0%
Properties Pending Sale .......................................
5
1
4
2
-60.0%
Properties For Sale ................................................
22
11
15
11
-50.0%
Days on Market (Pending Sale) ...........................
59
13
51
66
11.9%
Month’s Supply of Inventory ................................
5.5
5.5
3.8
2.8
-50.0%
Percent Under Contract ........................................
22.7%
9.1%
26.7%
18.2%
-20.0%
Average Median Price for Last 12 Months ........
$1,155,313
$1,412,167
$1,419,167
$1,743,154
33.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.108
JAN
$1,395,000
FEB MAR
MEDIAN SALES PRICE
APR
$499
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.395 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 2015
telesproperties.com
Playa Vista DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,128,050
$2,070,000
$1,754,000
$2,257,500
6.1%
Average Price per Square Foot ...........................
$544
$543
$520
$749
37.7%
Properties Sold .......................................................
2
1
2
2
0.0%
Properties Pending Sale .......................................
0
1
0
0
n/a
Properties For Sale ................................................
4
9
2
4
0.0%
Days on Market (Pending Sale) ...........................
0
78
0
0
n/a
Month’s Supply of Inventory ................................
2
9
1
0
-100.0%
Percent Under Contract ........................................
0.0%
11.1%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$1,275,533
$1,886,800
$2,428,750
$1,887,521
48.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.128
JAN
$2,257,500
FEB MAR
MEDIAN SALES PRICE
APR
$749
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
No sales MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.257 M E 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 2015
telesproperties.com
Santa Monica DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,510,000
$1,975,000
$1,505,000
$3,034,000
20.9%
Average Price per Square Foot ...........................
$1,119
$1,088
$1,049
$981
-12.3%
Properties Sold .......................................................
22
28
11
14
-36.4%
Properties Pending Sale .......................................
16
35
12
6
-62.5%
Properties For Sale ................................................
66
101
103
73
10.6%
Days on Market (Pending Sale) ...........................
41
31
23
36
-12.2%
Month’s Supply of Inventory ................................
3
3.6
9.4
5.2
73.8%
Percent Under Contract ........................................
24.2%
34.7%
11.7%
8.2%
-66.1%
Average Median Price for Last 12 Months ........
$2,003,717
$2,340,516
$2,626,905
$2,380,480
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.510
JAN
$3,034,000
FEB MAR
MEDIAN SALES PRICE
APR
$981
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.034 M E 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 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,850,000
$1,765,000
$1,505,000
$1,557,500
-15.8%
Average Price per Square Foot ...........................
$684
$830
$702
$856
25.1%
Properties Sold .......................................................
27
41
32
42
55.6%
Properties Pending Sale .......................................
31
58
32
36
16.1%
Properties For Sale ................................................
280
333
314
269
-3.9%
Days on Market (Pending Sale) ...........................
61
51
63
85
39.3%
Month’s Supply of Inventory ................................
10.4
8.1
9.8
6.4
-38.2%
Percent Under Contract ........................................
11.1%
17.4%
10.2%
13.4%
20.9%
Average Median Price for Last 12 Months ........
$1,740,408
$1,636,500
$1,625,333
$1,660,188
-4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.850
JAN
$1,557,500
FEB MAR
MEDIAN SALES PRICE
APR
$856
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.557 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Venice DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,653,500
$1,809,670
$1,687,500
$1,610,000
-2.6%
Average Price per Square Foot ...........................
$901
$1,018
$1,038
$1,098
21.9%
Properties Sold .......................................................
20
21
20
19
-5.0%
Properties Pending Sale .......................................
8
23
17
12
50.0%
Properties For Sale ................................................
54
83
90
75
38.9%
Days on Market (Pending Sale) ...........................
50
57
43
50
0.0%
Month’s Supply of Inventory ................................
2.7
4
4.5
3.9
46.2%
Percent Under Contract ........................................
14.8%
27.7%
18.9%
16.0%
8.0%
Average Median Price for Last 12 Months ........
$1,562,627
$1,724,654
$1,705,333
$1,753,546
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.653
JAN
$1,610,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,098
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
West Hollywood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$949,000
$1,299,000
$1,325,000
$1,579,999
66.5%
Average Price per Square Foot ...........................
$795
$807
$904
$859
8.1%
Properties Sold .......................................................
11
9
11
15
36.4%
Properties Pending Sale .......................................
10
11
12
10
0.0%
Properties For Sale ................................................
50
49
61
37
-26.0%
Days on Market (Pending Sale) ...........................
54
32
52
57
5.6%
Month’s Supply of Inventory ................................
4.5
5.4
5.5
2.5
-45.7%
Percent Under Contract ........................................
20.0%
22.4%
19.7%
27.0%
35.1%
Average Median Price for Last 12 Months ........
$1,152,043
$1,429,005
$1,536,843
$1,499,233
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$949
JAN
$1,579,999
FEB MAR
MEDIAN SALES PRICE
APR
$859
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.579 M E 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 2015
telesproperties.com
West Los Angeles DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$845,000
$930,775
$1,065,000
$1,225,000
45.0%
Average Price per Square Foot ...........................
$650
$606
$622
$650
0.0%
Properties Sold .......................................................
9
15
9
14
55.6%
Properties Pending Sale .......................................
9
12
9
6
-33.3%
Properties For Sale ................................................
39
36
35
32
-17.9%
Days on Market (Pending Sale) ...........................
53
43
39
20
-62.3%
Month’s Supply of Inventory ................................
4.3
2.4
3.9
2.3
-47.3%
Percent Under Contract ........................................
23.1%
33.3%
25.7%
18.8%
-18.8%
Average Median Price for Last 12 Months ........
$872,375
$1,063,083
$1,071,167
$991,690
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$845
JAN
$1,225,000
FEB MAR
MEDIAN SALES PRICE
APR
$650
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.225 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 2015
telesproperties.com
Westchester DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$827,000
$992,500
$912,000
$1,066,000
28.9%
Average Price per Square Foot ...........................
$524
$576
$581
$543
3.6%
Properties Sold .......................................................
27
37
21
27
0.0%
Properties Pending Sale .......................................
13
31
22
19
46.2%
Properties For Sale ................................................
53
73
68
54
1.9%
Days on Market (Pending Sale) ...........................
47
37
29
42
-10.6%
Month’s Supply of Inventory ................................
2
2
3.2
2
1.9%
Percent Under Contract ........................................
24.5%
42.5%
32.4%
35.2%
43.4%
Average Median Price for Last 12 Months ........
$832,170
$936,946
$951,725
$915,135
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$827
JAN
$1,066,000
FEB MAR
MEDIAN SALES PRICE
APR
$543
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.066 M E 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 2015
telesproperties.com
Westwood - Century City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,530,000
$1,711,000
$2,100,000
$1,931,234
26.2%
Average Price per Square Foot ...........................
$741
$837
$767
$835
12.7%
Properties Sold .......................................................
11
11
15
16
45.5%
Properties Pending Sale .......................................
5
19
12
13
160.0%
Properties For Sale ................................................
47
69
73
54
14.9%
Days on Market (Pending Sale) ...........................
96
27
41
48
-50.0%
Month’s Supply of Inventory ................................
4.3
6.3
4.9
3.4
-21.0%
Percent Under Contract ........................................
10.6%
27.5%
16.4%
24.1%
126.3%
Average Median Price for Last 12 Months ........
$1,745,333
$1,750,331
$1,761,495
$1,734,624
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.530
JAN
$1,931,234
FEB MAR
MEDIAN SALES PRICE
APR
$835
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.931 M E 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 2015
telesproperties.com
South Bay Macro Market DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,144,270
$1,237,382
$1,109,943
$1,244,989
8.8%
Average Price per Square Foot ...........................
$545
$559
$601
$579
6.4%
Properties Sold .......................................................
202
294
251
255
26.2%
Properties Pending Sale .......................................
151
280
257
148
-2.0%
Properties For Sale ................................................
660
917
998
670
1.5%
Days on Market (Pending Sale) ...........................
66
53
48
52
-21.0%
Month’s Supply of Inventory ................................
3.3
3.1
4
2.6
-19.6%
Percent Under Contract ........................................
22.9%
30.5%
25.8%
22.1%
-3.4%
Average Median Price for Last 12 Months ........
$1,157,817
$1,265,627
$1,271,807
$1,246,748
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.144
JAN
$1,244,989
FEB MAR
MEDIAN SALES PRICE
APR
$579
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.244 M E 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 2015
telesproperties.com
El Segundo DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$949,000
$942,500
$1,050,000
$1,096,000
15.5%
Average Price per Square Foot ...........................
$502
$595
$582
$533
6.2%
Properties Sold .......................................................
7
6
6
7
0.0%
Properties Pending Sale .......................................
4
4
6
4
0.0%
Properties For Sale ................................................
8
22
21
20
150.0%
Days on Market (Pending Sale) ...........................
32
14
52
14
-56.2%
Month’s Supply of Inventory ................................
1.1
3.7
3.5
2.9
150.0%
Percent Under Contract ........................................
50.0%
18.2%
28.6%
20.0%
-60.0%
Average Median Price for Last 12 Months ........
$949,722
$1,117,250
$1,149,500
$1,015,462
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$949
JAN
$1,096,000
FEB MAR
MEDIAN SALES PRICE
APR
$533
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.096 M E 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 2015
telesproperties.com
Hermosa Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,599,999
$1,361,250
$1,787,000
$2,150,000
34.4%
Average Price per Square Foot ...........................
$857
$769
$1,419
$956
11.6%
Properties Sold .......................................................
7
12
7
11
57.1%
Properties Pending Sale .......................................
7
5
11
7
0.0%
Properties For Sale ................................................
28
36
41
26
-7.1%
Days on Market (Pending Sale) ...........................
41
54
50
74
80.5%
Month’s Supply of Inventory ................................
4
3
5.9
2.4
-40.9%
Percent Under Contract ........................................
25.0%
13.9%
26.8%
26.9%
7.7%
Average Median Price for Last 12 Months ........
$1,423,892
$1,979,958
$2,176,667
$1,860,846
30.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.599
JAN
$2,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$956
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Manhattan Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,825,000
$2,555,000
$2,075,000
$2,150,000
17.8%
Average Price per Square Foot ...........................
$884
$912
$1,031
$996
12.7%
Properties Sold .......................................................
26
27
32
23
-11.5%
Properties Pending Sale .......................................
11
29
31
13
18.2%
Properties For Sale ................................................
41
108
108
76
85.4%
Days on Market (Pending Sale) ...........................
79
32
34
78
-1.3%
Month’s Supply of Inventory ................................
1.6
4
3.4
3.3
109.5%
Percent Under Contract ........................................
26.8%
26.9%
28.7%
17.1%
-36.2%
Average Median Price for Last 12 Months ........
$1,940,938
$2,176,750
$2,212,667
$2,134,462
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.825
JAN
$2,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$996
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Palos Verdes Estates DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,349,500
$2,025,000
$1,661,700
$1,617,500
19.9%
Average Price per Square Foot ...........................
$597
$707
$674
$694
16.2%
Properties Sold .......................................................
8
23
17
14
75.0%
Properties Pending Sale .......................................
9
20
12
5
-44.4%
Properties For Sale ................................................
68
82
78
63
-7.4%
Days on Market (Pending Sale) ...........................
91
39
47
55
-39.6%
Month’s Supply of Inventory ................................
8.5
3.6
4.6
4.5
-47.1%
Percent Under Contract ........................................
13.2%
24.4%
15.4%
7.9%
-40.0%
Average Median Price for Last 12 Months ........
$1,677,604
$1,790,033
$1,660,833
$1,739,015
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.349
JAN
$1,617,500
FEB MAR
MEDIAN SALES PRICE
APR
$694
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Rancho Palos Verdes DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,235,000
$1,265,000
$1,194,000
$1,189,585
-3.7%
Average Price per Square Foot ...........................
$517
$508
$501
$540
4.4%
Properties Sold .......................................................
25
49
35
35
40.0%
Properties Pending Sale .......................................
22
42
32
25
13.6%
Properties For Sale ................................................
108
162
181
119
10.2%
Days on Market (Pending Sale) ...........................
55
69
53
55
0.0%
Month’s Supply of Inventory ................................
4.3
3.3
5.2
3.4
-21.3%
Percent Under Contract ........................................
20.4%
25.9%
17.7%
21.0%
3.1%
Average Median Price for Last 12 Months ........
$1,158,325
$1,181,681
$1,168,695
$1,184,622
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.235
JAN
$1,189,585
FEB MAR
MEDIAN SALES PRICE
APR
$540
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.189 M E 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 2015
telesproperties.com
Redondo Beach- North DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$772,500
$920,075
$930,000
$872,500
12.9%
Average Price per Square Foot ...........................
$506
$537
$570
$528
4.3%
Properties Sold .......................................................
14
28
22
22
57.1%
Properties Pending Sale .......................................
11
25
15
8
-27.3%
Properties For Sale ................................................
41
54
48
21
-48.8%
Days on Market (Pending Sale) ...........................
28
30
38
48
71.4%
Month’s Supply of Inventory ................................
2.9
1.9
2.2
1
-67.4%
Percent Under Contract ........................................
26.8%
46.3%
31.2%
38.1%
42.0%
Average Median Price for Last 12 Months ........
$784,650
$873,750
$858,500
$870,083
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$772
JAN
$872,500
FEB MAR
MEDIAN SALES PRICE
APR
$528
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$872 M E 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 2015
telesproperties.com
Redondo Beach- South DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,288,000
$1,106,500
$1,278,000
$1,343,250
4.3%
Average Price per Square Foot ...........................
$570
$718
$640
$612
7.4%
Properties Sold .......................................................
17
14
14
8
-52.9%
Properties Pending Sale .......................................
11
14
24
9
-18.2%
Properties For Sale ................................................
37
48
65
34
-8.1%
Days on Market (Pending Sale) ...........................
60
34
34
79
31.7%
Month’s Supply of Inventory ................................
2.2
3.4
4.6
4.2
95.3%
Percent Under Contract ........................................
29.7%
29.2%
36.9%
26.5%
-11.0%
Average Median Price for Last 12 Months ........
$1,047,417
$1,268,042
$1,250,917
$1,212,981
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.288
JAN
$1,343,250
FEB MAR
MEDIAN SALES PRICE
APR
$612
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.343 M E 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 2015
telesproperties.com
Rolling Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,844,575
$3,225,000
$0
$2,890,000
1.6%
Average Price per Square Foot ...........................
$843
$604
$0
$843
0.0%
Properties Sold .......................................................
2
4
0
1
-50.0%
Properties Pending Sale .......................................
1
2
4
1
0.0%
Properties For Sale ................................................
14
19
28
22
57.1%
Days on Market (Pending Sale) ...........................
174
264
86
94
-46.0%
Month’s Supply of Inventory ................................
7
4.8
n/a
22
214.3%
Percent Under Contract ........................................
7.1%
10.5%
14.3%
4.5%
-36.4%
Average Median Price for Last 12 Months ........
$3,423,775
$3,541,900
$3,138,167
$3,334,548
-2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.844
JAN
$2,890,000
FEB MAR
MEDIAN SALES PRICE
APR
$843
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
22 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Rolling Hills Estates DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,619,282
$1,185,000
$1,725,000
$1,425,000
-12.0%
Average Price per Square Foot ...........................
$548
$589
$551
$624
13.9%
Properties Sold .......................................................
10
12
8
8
-20.0%
Properties Pending Sale .......................................
3
14
6
2
-33.3%
Properties For Sale ................................................
19
37
26
13
-31.6%
Days on Market (Pending Sale) ...........................
61
25
66
26
-57.4%
Month’s Supply of Inventory ................................
1.9
3.1
3.2
1.6
-14.5%
Percent Under Contract ........................................
15.8%
37.8%
23.1%
15.4%
-2.6%
Average Median Price for Last 12 Months ........
$1,345,419
$1,558,292
$1,520,000
$1,508,906
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.619
JAN
$1,425,000
FEB MAR
MEDIAN SALES PRICE
APR
$624
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
San Pedro DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$548,750
$535,000
$515,000
$570,000
3.9%
Average Price per Square Foot ...........................
$337
$348
$389
$389
15.4%
Properties Sold .......................................................
28
43
35
40
42.9%
Properties Pending Sale .......................................
27
36
32
19
-29.6%
Properties For Sale ................................................
123
136
142
101
-17.9%
Days on Market (Pending Sale) ...........................
81
54
55
77
-4.9%
Month’s Supply of Inventory ................................
4.4
3.2
4.1
2.5
-42.5%
Percent Under Contract ........................................
22.0%
26.5%
22.5%
18.8%
-14.3%
Average Median Price for Last 12 Months ........
$534,271
$566,000
$603,000
$551,173
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$548
JAN
$570,000
FEB MAR
MEDIAN SALES PRICE
APR
$389
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Torrance- County Strip DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$442,500
$457,500
$489,000
$525,000
18.6%
Average Price per Square Foot ...........................
$374
$356
$343
$287
-23.3%
Properties Sold .......................................................
2
10
7
6
200.0%
Properties Pending Sale .......................................
3
7
7
6
100.0%
Properties For Sale ................................................
25
20
19
8
-68.0%
Days on Market (Pending Sale) ...........................
38
45
39
22
-42.1%
Month’s Supply of Inventory ................................
12.5
2
2.7
1.3
-89.3%
Percent Under Contract ........................................
12.0%
35.0%
36.8%
75.0%
525.0%
Average Median Price for Last 12 Months ........
$440,125
$485,375
$484,083
$472,423
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$442
JAN
$525,000
FEB MAR
MEDIAN SALES PRICE
APR
$287
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Torrance- North DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$567,500
$580,000
$625,000
$597,500
5.3%
Average Price per Square Foot ...........................
$386
$402
$403
$406
5.2%
Properties Sold .......................................................
18
19
21
23
27.8%
Properties Pending Sale .......................................
11
25
22
16
45.5%
Properties For Sale ................................................
31
49
67
52
67.7%
Days on Market (Pending Sale) ...........................
50
24
35
37
-26.0%
Month’s Supply of Inventory ................................
1.7
2.6
3.2
2.3
31.3%
Percent Under Contract ........................................
35.5%
51.0%
32.8%
30.8%
-13.3%
Average Median Price for Last 12 Months ........
$545,946
$611,663
$598,325
$595,225
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$567
JAN
$597,500
FEB MAR
MEDIAN SALES PRICE
APR
$406
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$597 M E 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 2015
telesproperties.com
Torrance- South DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$850,000
$924,000
$922,000
$825,000
-2.9%
Average Price per Square Foot ...........................
$459
$486
$455
$450
-2.0%
Properties Sold .......................................................
18
20
22
18
0.0%
Properties Pending Sale .......................................
16
19
20
13
-18.8%
Properties For Sale ................................................
43
56
78
46
7.0%
Days on Market (Pending Sale) ...........................
78
25
40
51
-34.6%
Month’s Supply of Inventory ................................
2.4
2.8
3.5
2.6
7.0%
Percent Under Contract ........................................
37.2%
33.9%
25.6%
28.3%
-24.0%
Average Median Price for Last 12 Months ........
$797,313
$869,625
$846,500
$847,761
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$850
JAN
$825,000
FEB MAR
MEDIAN SALES PRICE
APR
$450
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2015
telesproperties.com
Torrance- Southeast DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$549,950
$649,000
$502,500
$593,500
7.9%
Average Price per Square Foot ...........................
$363
$407
$366
$396
9.1%
Properties Sold .......................................................
10
16
12
20
100.0%
Properties Pending Sale .......................................
5
16
18
9
80.0%
Properties For Sale ................................................
48
51
56
40
-16.7%
Days on Market (Pending Sale) ...........................
63
71
56
57
-9.5%
Month’s Supply of Inventory ................................
4.8
3.2
4.7
2
-58.3%
Percent Under Contract ........................................
10.4%
31.4%
32.1%
22.5%
116.0%
Average Median Price for Last 12 Months ........
$575,735
$582,500
$607,917
$596,342
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$549
JAN
$593,500
FEB MAR
MEDIAN SALES PRICE
APR
$396
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$593 M E 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 2015
telesproperties.com
Torrance- West DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$722,500
$829,900
$785,000
$830,000
14.9%
Average Price per Square Foot ...........................
$429
$454
$494
$437
1.9%
Properties Sold .......................................................
10
11
13
19
90.0%
Properties Pending Sale .......................................
10
22
17
11
10.0%
Properties For Sale ................................................
26
37
40
29
11.5%
Days on Market (Pending Sale) ...........................
60
13
37
16
-73.3%
Month’s Supply of Inventory ................................
2.6
3.4
3.1
1.5
-41.3%
Percent Under Contract ........................................
38.5%
59.5%
42.5%
37.9%
-1.4%
Average Median Price for Last 12 Months ........
$722,125
$786,917
$801,333
$777,377
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$722
JAN
$830,000
FEB MAR
MEDIAN SALES PRICE
APR
$437
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$830 M E 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 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$780,429
$831,357
$803,286
$780,143
-0.0%
Average Price per Square Foot ...........................
$388
$422
$412
$429
10.5%
Properties Sold .......................................................
491
510
448
424
-13.6%
Properties Pending Sale .......................................
456
599
476
392
-14.0%
Properties For Sale ................................................
1,004
1,133
1,128
750
-25.3%
Days on Market (Pending Sale) ...........................
64
50
60
60
-5.7%
Month’s Supply of Inventory ................................
2
2.2
2.5
1.8
-13.5%
Percent Under Contract ........................................
45.4%
52.9%
42.2%
52.3%
15.1%
Average Median Price for Last 12 Months ........
$767,917
$815,595
$795,619
$799,923
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$780
JAN
$780,143
FEB MAR
MEDIAN SALES PRICE
APR
$429
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 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 2015
telesproperties.com
Burbank DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$640,000
$675,000
$715,000
$750,000
17.2%
Average Price per Square Foot ...........................
$424
$461
$485
$441
4.0%
Properties Sold .......................................................
56
53
53
50
-10.7%
Properties Pending Sale .......................................
47
56
48
37
-21.3%
Properties For Sale ................................................
75
106
94
62
-17.3%
Days on Market (Pending Sale) ...........................
44
36
44
54
22.7%
Month’s Supply of Inventory ................................
1.3
2
1.8
1.2
-7.4%
Percent Under Contract ........................................
62.7%
52.8%
51.1%
59.7%
-4.8%
Average Median Price for Last 12 Months ........
$647,833
$709,833
$718,667
$685,769
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$640
JAN
$750,000
FEB MAR
MEDIAN SALES PRICE
APR
$441
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Encino DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,200,000
$1,280,000
$1,250,000
$1,020,000
-15.0%
Average Price per Square Foot ...........................
$423
$495
$451
$471
11.3%
Properties Sold .......................................................
53
45
35
36
-32.1%
Properties Pending Sale .......................................
40
69
41
44
10.0%
Properties For Sale ................................................
110
133
121
79
-28.2%
Days on Market (Pending Sale) ...........................
64
59
60
54
-15.6%
Month’s Supply of Inventory ................................
2.1
3
3.5
2.2
5.7%
Percent Under Contract ........................................
36.4%
51.9%
33.9%
55.7%
53.2%
Average Median Price for Last 12 Months ........
$1,068,833
$1,158,833
$1,070,667
$1,140,212
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.200
JAN
$1,020,000
FEB MAR
MEDIAN SALES PRICE
APR
$471
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.020 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Glendale DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$715,000
$830,000
$850,000
$770,000
7.7%
Average Price per Square Foot ...........................
$392
$431
$438
$443
13.0%
Properties Sold .......................................................
69
72
53
52
-24.6%
Properties Pending Sale .......................................
71
93
61
42
-40.8%
Properties For Sale ................................................
98
116
117
77
-21.4%
Days on Market (Pending Sale) ...........................
46
50
39
58
26.1%
Month’s Supply of Inventory ................................
1.4
1.6
2.2
1.5
4.3%
Percent Under Contract ........................................
72.4%
80.2%
52.1%
54.5%
-24.7%
Average Median Price for Last 12 Months ........
$733,000
$812,500
$798,000
$787,692
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$715
JAN
$770,000
FEB MAR
MEDIAN SALES PRICE
APR
$443
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 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 2015
telesproperties.com
La Crescenta DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$721,000
$710,000
$842,000
$715,000
-0.8%
Average Price per Square Foot ...........................
$410
$467
$440
$454
10.7%
Properties Sold .......................................................
19
23
16
16
-15.8%
Properties Pending Sale .......................................
15
25
20
15
0.0%
Properties For Sale ................................................
20
25
31
19
-5.0%
Days on Market (Pending Sale) ...........................
80
43
52
43
-46.2%
Month’s Supply of Inventory ................................
1.1
1.1
1.9
1.2
12.8%
Percent Under Contract ........................................
75.0%
100.0%
64.5%
78.9%
5.3%
Average Median Price for Last 12 Months ........
$713,667
$764,000
$753,000
$746,231
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$721
JAN
$715,000
FEB MAR
MEDIAN SALES PRICE
APR
$454
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 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 2015
telesproperties.com
North Hollywood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$486,000
$520,000
$519,000
$500,000
2.9%
Average Price per Square Foot ...........................
$347
$334
$366
$371
6.9%
Properties Sold .......................................................
52
49
30
29
-44.2%
Properties Pending Sale .......................................
45
51
38
46
2.2%
Properties For Sale ................................................
90
72
82
54
-40.0%
Days on Market (Pending Sale) ...........................
62
50
35
65
4.8%
Month’s Supply of Inventory ................................
1.7
1.5
2.7
1.9
7.6%
Percent Under Contract ........................................
50.0%
70.8%
46.3%
85.2%
70.4%
Average Median Price for Last 12 Months ........
$445,250
$509,167
$509,333
$485,346
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$486
JAN
$500,000
FEB MAR
MEDIAN SALES PRICE
APR
$371
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 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 2015
telesproperties.com
Shadow Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,219,000
$710,000
$644,000
$564,000
-53.7%
Average Price per Square Foot ...........................
$295
$280
$314
$335
13.6%
Properties Sold .......................................................
1
3
6
2
100.0%
Properties Pending Sale .......................................
1
5
3
4
300.0%
Properties For Sale ................................................
15
10
13
12
-20.0%
Days on Market (Pending Sale) ...........................
82
36
121
100
22.0%
Month’s Supply of Inventory ................................
15
3.3
2.2
6
-60.0%
Percent Under Contract ........................................
6.7%
50.0%
23.1%
33.3%
400.0%
Average Median Price for Last 12 Months ........
$779,167
$672,667
$612,333
$690,615
-11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.219
DEC JAN
$564,000
FEB MAR
MEDIAN SALES PRICE
APR
$335
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$564 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$925,000
$1,125,000
$884,000
$895,000
-3.2%
Average Price per Square Foot ...........................
$460
$495
$480
$461
0.2%
Properties Sold .......................................................
77
64
54
55
-28.6%
Properties Pending Sale .......................................
46
79
55
42
-8.7%
Properties For Sale ................................................
119
143
155
104
-12.6%
Days on Market (Pending Sale) ...........................
58
55
55
59
1.7%
Month’s Supply of Inventory ................................
1.5
2.2
2.9
1.9
22.4%
Percent Under Contract ........................................
38.7%
55.2%
35.5%
40.4%
4.5%
Average Median Price for Last 12 Months ........
$905,500
$938,500
$937,333
$957,942
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$925
JAN
$895,000
FEB MAR
MEDIAN SALES PRICE
APR
$461
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 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 2015
telesproperties.com
Studio City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$975,000
$1,250,000
$1,460,000
$1,268,000
30.1%
Average Price per Square Foot ...........................
$477
$560
$593
$568
19.1%
Properties Sold .......................................................
25
35
31
30
20.0%
Properties Pending Sale .......................................
19
32
37
24
26.3%
Properties For Sale ................................................
80
90
106
65
-18.8%
Days on Market (Pending Sale) ...........................
63
50
57
51
-19.0%
Month’s Supply of Inventory ................................
3.2
2.6
3.4
2.2
-32.3%
Percent Under Contract ........................................
23.8%
35.6%
34.9%
36.9%
55.5%
Average Median Price for Last 12 Months ........
$1,159,083
$1,362,167
$1,327,667
$1,264,423
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$975
JAN
$1,268,000
FEB MAR
MEDIAN SALES PRICE
APR
$568
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.268 M E 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 2015
telesproperties.com
Sun Valley DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$403,000
$430,000
$499,000
$430,000
6.7%
Average Price per Square Foot ...........................
$302
$327
$314
$337
11.6%
Properties Sold .......................................................
14
20
12
20
42.9%
Properties Pending Sale .......................................
27
16
17
20
-25.9%
Properties For Sale ................................................
42
43
43
25
-40.5%
Days on Market (Pending Sale) ...........................
66
59
63
51
-22.7%
Month’s Supply of Inventory ................................
3
2.2
3.6
1.2
-58.3%
Percent Under Contract ........................................
64.3%
37.2%
39.5%
80.0%
24.4%
Average Median Price for Last 12 Months ........
$398,000
$436,667
$425,333
$434,000
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$403
JAN
$430,000
FEB MAR
MEDIAN SALES PRICE
APR
$337
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Sunland/Tujunga DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$458,000
$479,000
$490,000
$505,000
10.3%
Average Price per Square Foot ...........................
$308
$319
$330
$358
16.2%
Properties Sold .......................................................
26
41
39
40
53.8%
Properties Pending Sale .......................................
34
43
38
28
-17.6%
Properties For Sale ................................................
55
78
85
48
-12.7%
Days on Market (Pending Sale) ...........................
54
48
49
59
9.3%
Month’s Supply of Inventory ................................
2.1
1.9
2.2
1.2
-43.3%
Percent Under Contract ........................................
61.8%
55.1%
44.7%
58.3%
-5.6%
Average Median Price for Last 12 Months ........
$464,917
$506,500
$496,000
$490,346
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$458
JAN
$505,000
FEB MAR
MEDIAN SALES PRICE
APR
$358
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$505 M E 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 2015
telesproperties.com
Tarzana DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$895,000
$916,000
$959,000
$822,000
-8.2%
Average Price per Square Foot ...........................
$383
$381
$360
$348
-9.1%
Properties Sold .......................................................
14
20
28
20
42.9%
Properties Pending Sale .......................................
30
28
31
29
-3.3%
Properties For Sale ................................................
90
95
91
66
-26.7%
Days on Market (Pending Sale) ...........................
87
63
83
84
-3.4%
Month’s Supply of Inventory ................................
6.4
4.8
3.2
3.3
-48.7%
Percent Under Contract ........................................
33.3%
29.5%
34.1%
43.9%
31.8%
Average Median Price for Last 12 Months ........
$883,667
$880,167
$844,667
$899,231
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$895
JAN
$822,000
FEB MAR
MEDIAN SALES PRICE
APR
$348
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Toluca Lake DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$849,000
$1,044,000
$719,000
$953,000
12.2%
Average Price per Square Foot ...........................
$470
$514
$454
$596
26.8%
Properties Sold .......................................................
8
8
7
4
-50.0%
Properties Pending Sale .......................................
4
12
5
4
0.0%
Properties For Sale ................................................
16
20
19
12
-25.0%
Days on Market (Pending Sale) ...........................
66
40
66
27
-59.1%
Month’s Supply of Inventory ................................
2
2.5
2.7
3
50.0%
Percent Under Contract ........................................
25.0%
60.0%
26.3%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$1,097,917
$1,040,333
$999,333
$1,042,808
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$849
JAN
$953,000
FEB MAR
MEDIAN SALES PRICE
APR
$596
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$953 M E 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 2015
telesproperties.com
Valley Village DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$725,000
$928,000
$690,000
$960,000
32.4%
Average Price per Square Foot ...........................
$419
$515
$402
$472
12.6%
Properties Sold .......................................................
16
11
9
9
-43.8%
Properties Pending Sale .......................................
11
11
13
11
0.0%
Properties For Sale ................................................
17
22
13
13
-23.5%
Days on Market (Pending Sale) ...........................
45
44
54
62
37.8%
Month’s Supply of Inventory ................................
1.1
2
1.4
1.4
35.9%
Percent Under Contract ........................................
64.7%
50.0%
100.0%
84.6%
30.8%
Average Median Price for Last 12 Months ........
$761,250
$893,000
$885,000
$851,538
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$960,000
FEB MAR
MEDIAN SALES PRICE
APR
$472
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$960 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Woodland Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$715,000
$742,000
$725,000
$770,000
7.7%
Average Price per Square Foot ...........................
$327
$323
$343
$351
7.3%
Properties Sold .......................................................
61
66
75
61
0.0%
Properties Pending Sale .......................................
66
79
69
46
-30.3%
Properties For Sale ................................................
177
180
158
114
-35.6%
Days on Market (Pending Sale) ...........................
73
64
57
72
-1.4%
Month’s Supply of Inventory ................................
2.9
2.7
2.1
1.9
-35.6%
Percent Under Contract ........................................
37.3%
43.9%
43.7%
40.4%
8.2%
Average Median Price for Last 12 Months ........
$692,750
$734,000
$761,333
$722,769
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$715
JAN
$770,000
FEB MAR
MEDIAN SALES PRICE
APR
$351
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 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 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$953,667
$970,250
$1,016,667
$996,750
4.5%
Average Price per Square Foot ...........................
$480
$511
$506
$508
5.9%
Properties Sold .......................................................
26
33
26
26
0.0%
Properties Pending Sale .......................................
22
36
26
20
-7.3%
Properties For Sale ................................................
54
76
79
50
-6.1%
Days on Market (Pending Sale) ...........................
59
50
51
59
-0.1%
Month’s Supply of Inventory ................................
2.1
2.3
3
1.9
-6.1%
Percent Under Contract ........................................
40.7%
47.2%
33.0%
40.2%
-1.3%
Average Median Price for Last 12 Months ........
$11,225,000
$1,001,931
$1,016,667
$989,553
-91.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$953
JAN
$996,750
FEB MAR
MEDIAN SALES PRICE
APR
$508
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$996 M E 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 2015
telesproperties.com
Alhambra DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$475,000
$520,000
$616,000
$570,000
20.0%
Average Price per Square Foot ...........................
$379
$380
$414
$410
8.2%
Properties Sold .......................................................
30
43
27
17
-43.3%
Properties Pending Sale .......................................
21
45
26
11
-47.6%
Properties For Sale ................................................
73
75
51
43
-41.1%
Days on Market (Pending Sale) ...........................
66
59
41
45
-31.8%
Month’s Supply of Inventory ................................
2.4
1.7
1.9
2.5
3.9%
Percent Under Contract ........................................
28.8%
60.0%
51.0%
25.6%
-11.1%
Average Median Price for Last 12 Months ........
$534,083
$580,833
$573,333
$545,000
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$475
JAN
$570,000
FEB MAR
MEDIAN SALES PRICE
APR
$410
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Altadena DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$615,000
$676,000
$638,000
$700,000
13.8%
Average Price per Square Foot ...........................
$400
$418
$431
$443
10.8%
Properties Sold .......................................................
35
50
40
43
22.9%
Properties Pending Sale .......................................
26
60
42
34
30.8%
Properties For Sale ................................................
45
52
52
38
-15.6%
Days on Market (Pending Sale) ...........................
59
51
53
57
-3.4%
Month’s Supply of Inventory ................................
1.3
1
1.3
0.9
-31.3%
Percent Under Contract ........................................
57.8%
115.4%
80.8%
89.5%
54.9%
Average Median Price for Last 12 Months ........
$601,333
$702,333
$712,000
$675,154
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$615
JAN
$700,000
FEB MAR
MEDIAN SALES PRICE
APR
$443
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
0.9 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 2015
telesproperties.com
Arcadia DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,255,000
$1,453,000
$1,405,000
$1,350,000
7.6%
Average Price per Square Foot ...........................
$577
$588
$561
$570
-1.2%
Properties Sold .......................................................
48
46
34
44
-8.3%
Properties Pending Sale .......................................
35
49
45
35
0.0%
Properties For Sale ................................................
147
260
257
161
9.5%
Days on Market (Pending Sale) ...........................
63
71
52
69
9.5%
Month’s Supply of Inventory ................................
3.1
5.7
7.6
3.7
19.5%
Percent Under Contract ........................................
23.8%
18.8%
17.5%
21.7%
-8.7%
Average Median Price for Last 12 Months ........
$1,412,750
$1,309,667
$1,353,333
$1,299,654
-8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.255
JAN
$1,350,000
FEB MAR
MEDIAN SALES PRICE
APR
$570
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Duarte DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$475,000
$439,000
$463,000
$510,000
7.4%
Average Price per Square Foot ...........................
$302
$357
$337
$348
15.2%
Properties Sold .......................................................
12
21
16
11
-8.3%
Properties Pending Sale .......................................
17
16
15
9
-47.1%
Properties For Sale ................................................
21
30
35
36
71.4%
Days on Market (Pending Sale) ...........................
82
49
55
61
-25.6%
Month’s Supply of Inventory ................................
1.8
1.4
2.2
3.3
87.0%
Percent Under Contract ........................................
81.0%
53.3%
42.9%
25.0%
-69.1%
Average Median Price for Last 12 Months ........
$416,833
$453,333
$474,333
$459,000
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$475
JAN
$510,000
FEB MAR
MEDIAN SALES PRICE
APR
$348
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2015
telesproperties.com
Eagle Rock DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$815,000
$700,000
$710,000
$716,000
-12.1%
Average Price per Square Foot ...........................
$431
$505
$453
$519
20.4%
Properties Sold .......................................................
11
16
18
19
72.7%
Properties Pending Sale .......................................
10
16
16
9
-10.0%
Properties For Sale ................................................
19
33
34
24
26.3%
Days on Market (Pending Sale) ...........................
39
39
44
59
51.3%
Month’s Supply of Inventory ................................
1.7
2.1
1.9
1.3
-26.9%
Percent Under Contract ........................................
52.6%
48.5%
47.1%
37.5%
-28.7%
Average Median Price for Last 12 Months ........
$677,250
$702,833
$697,333
$706,846
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$815
JAN
$716,000
FEB MAR
MEDIAN SALES PRICE
APR
$519
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 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 2015
telesproperties.com
La Canada Flintridge DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,439,000
$1,489,000
$1,450,000
$1,571,000
9.2%
Average Price per Square Foot ...........................
$580
$609
$646
$612
5.5%
Properties Sold .......................................................
23
36
17
20
-13.0%
Properties Pending Sale .......................................
16
35
23
18
12.5%
Properties For Sale ................................................
27
59
61
34
25.9%
Days on Market (Pending Sale) ...........................
70
36
39
54
-22.9%
Month’s Supply of Inventory ................................
1.2
1.6
3.6
1.7
44.8%
Percent Under Contract ........................................
59.3%
59.3%
37.7%
52.9%
-10.7%
Average Median Price for Last 12 Months ........
$1,366,667
$1,575,833
$1,650,667
$1,611,309
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.439
JAN
$1,571,000
FEB MAR
MEDIAN SALES PRICE
APR
$612
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.571 M E 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 2015
telesproperties.com
Monrovia DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$635,000
$538,000
$698,000
$610,000
-3.9%
Average Price per Square Foot ...........................
$401
$419
$396
$402
0.2%
Properties Sold .......................................................
23
27
22
23
0.0%
Properties Pending Sale .......................................
22
29
23
21
-4.5%
Properties For Sale ................................................
50
72
58
46
-8.0%
Days on Market (Pending Sale) ...........................
54
60
69
68
25.9%
Month’s Supply of Inventory ................................
2.2
2.7
2.6
2
-8.0%
Percent Under Contract ........................................
44.0%
40.3%
39.7%
45.7%
3.8%
Average Median Price for Last 12 Months ........
$591,750
$656,833
$661,000
$619,154
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$635
JAN
$610,000
FEB MAR
MEDIAN SALES PRICE
APR
$402
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Pasadena DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$770,000
$859,000
$785,000
$810,000
5.2%
Average Price per Square Foot ...........................
$474
$513
$490
$514
8.4%
Properties Sold .......................................................
76
99
91
80
5.3%
Properties Pending Sale .......................................
76
109
73
65
-14.5%
Properties For Sale ................................................
157
175
232
123
-21.7%
Days on Market (Pending Sale) ...........................
53
47
50
65
22.6%
Month’s Supply of Inventory ................................
2.1
1.8
2.5
1.5
-25.6%
Percent Under Contract ........................................
48.4%
62.3%
31.5%
52.8%
9.2%
Average Median Price for Last 12 Months ........
$739,833
$789,333
$792,333
$782,077
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$770
JAN
$810,000
FEB MAR
MEDIAN SALES PRICE
APR
$514
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 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 2015
telesproperties.com
San Gabriel DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$745,000
$714,000
$750,000
$757,000
1.6%
Average Price per Square Foot ...........................
$418
$414
$447
$433
3.6%
Properties Sold .......................................................
26
24
23
20
-23.1%
Properties Pending Sale .......................................
20
35
26
20
0.0%
Properties For Sale ................................................
48
76
75
47
-2.1%
Days on Market (Pending Sale) ...........................
54
36
45
63
16.7%
Month’s Supply of Inventory ................................
1.8
3.2
3.3
2.4
27.3%
Percent Under Contract ........................................
41.7%
46.1%
34.7%
42.6%
2.1%
Average Median Price for Last 12 Months ........
$682,250
$714,333
$714,667
$719,731
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$745
JAN
$757,000
FEB MAR
MEDIAN SALES PRICE
APR
$433
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$757 M E 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 2015
telesproperties.com
San Marino DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,035,000
$2,200,000
$2,300,000
$2,139,000
5.1%
Average Price per Square Foot ...........................
$831
$852
$760
$833
0.2%
Properties Sold .......................................................
8
12
5
7
-12.5%
Properties Pending Sale .......................................
5
10
10
3
-40.0%
Properties For Sale ................................................
26
49
42
33
26.9%
Days on Market (Pending Sale) ...........................
38
27
74
46
21.1%
Month’s Supply of Inventory ................................
3.2
4.1
8.4
4.7
45.1%
Percent Under Contract ........................................
19.2%
20.4%
23.8%
9.1%
-52.7%
Average Median Price for Last 12 Months ........
$2,178,583
$2,278,500
$2,354,667
$2,284,308
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.035
JAN
$2,139,000
FEB MAR
MEDIAN SALES PRICE
APR
$833
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.139 M E 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 2015
telesproperties.com
Sierra Madre DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$775,000
$899,000
$1,045,000
$970,000
25.2%
Average Price per Square Foot ...........................
$481
$508
$492
$461
-4.2%
Properties Sold .......................................................
7
15
8
14
100.0%
Properties Pending Sale .......................................
9
14
6
11
22.2%
Properties For Sale ................................................
18
16
26
8
-55.6%
Days on Market (Pending Sale) ...........................
81
65
55
62
-23.5%
Month’s Supply of Inventory ................................
2.6
1.1
3.2
0.6
-77.8%
Percent Under Contract ........................................
50.0%
87.5%
23.1%
137.5%
175.0%
Average Median Price for Last 12 Months ........
$870,750
$973,667
$923,333
$948,038
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$775
JAN
$970,000
FEB MAR
MEDIAN SALES PRICE
APR
$461
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
0.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$970 M E 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 2015
telesproperties.com
South Pasadena DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,410,000
$1,156,000
$1,340,000
$1,258,000
-10.8%
Average Price per Square Foot ...........................
$484
$564
$642
$551
13.8%
Properties Sold .......................................................
12
12
15
13
8.3%
Properties Pending Sale .......................................
5
14
7
7
40.0%
Properties For Sale ................................................
12
19
22
11
-8.3%
Days on Market (Pending Sale) ...........................
53
54
36
62
17.0%
Month’s Supply of Inventory ................................
1
1.6
1.5
0.8
-15.4%
Percent Under Contract ........................................
41.7%
73.7%
31.8%
63.6%
52.7%
Average Median Price for Last 12 Months ........
$1,152,917
$1,285,667
$1,293,000
$1,224,368
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.410
JAN
$1,258,000
FEB MAR
MEDIAN SALES PRICE
APR
$551
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
0.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.258 M E 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 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : December 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : December 2015
telesproperties.com
Orange County DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$667,000
$710,000
$700,000
$700,000
4.9%
Average Price per Square Foot ...........................
$400
$420
$432
$424
6.0%
Properties Sold .......................................................
1417
1954
1651
1508
6.4%
Properties Pending Sale .......................................
1060
2095
1638
1158
9.2%
Properties For Sale ................................................
5,458
7,400
7,214
4,940
-9.5%
Days on Market (Pending Sale) ...........................
77
64
58
64
-16.9%
Month’s Supply of Inventory ................................
3.9
3.8
4.4
3.3
-15.0%
Percent Under Contract ........................................
19.4%
28.3%
22.7%
23.4%
20.7%
Average Median Price for Last 12 Months ........
$669,262
$702,500
$698,333
$690,846
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$667
JAN
$700,000
FEB MAR
MEDIAN SALES PRICE
APR
$424
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 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 2015
telesproperties.com
Aliso Viejo DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$698,000
$732,000
$708,500
$800,000
14.6%
Average Price per Square Foot ...........................
$363
$358
$354
$364
0.3%
Properties Sold .......................................................
18
30
16
13
-27.8%
Properties Pending Sale .......................................
6
27
18
16
166.7%
Properties For Sale ................................................
49
79
82
49
0.0%
Days on Market (Pending Sale) ...........................
74
43
40
50
-32.4%
Month’s Supply of Inventory ................................
2.7
2.6
5.1
3.8
38.5%
Percent Under Contract ........................................
12.2%
34.2%
22.0%
32.7%
166.7%
Average Median Price for Last 12 Months ........
$725,167
$747,417
$731,167
$730,962
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$698
JAN
$800,000
FEB MAR
MEDIAN SALES PRICE
APR
$364
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Balboa Peninsula DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,010,000
$3,500,000
$3,675,000
$3,500,000
74.1%
Average Price per Square Foot ...........................
$1,776
$1,480
$1,707
$1,334
-24.9%
Properties Sold .......................................................
7
8
4
7
0.0%
Properties Pending Sale .......................................
1
7
2
2
100.0%
Properties For Sale ................................................
35
39
36
27
-22.9%
Days on Market (Pending Sale) ...........................
31
142
119
40
29.0%
Month’s Supply of Inventory ................................
5
4.9
9
3.9
-22.9%
Percent Under Contract ........................................
2.9%
17.9%
5.6%
7.4%
159.3%
Average Median Price for Last 12 Months ........
$3,255,958
$2,766,250
$2,136,667
$2,700,538
-17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.010
JAN
$3,500,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,334
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.500 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 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,450,000
$3,087,500
$2,225,000
$2,205,500
-10.0%
Average Price per Square Foot ...........................
$1,092
$1,124
$1,212
$953
-12.7%
Properties Sold .......................................................
9
14
13
12
33.3%
Properties Pending Sale .......................................
9
17
21
7
-22.2%
Properties For Sale ................................................
64
102
112
81
26.6%
Days on Market (Pending Sale) ...........................
85
65
73
109
28.2%
Month’s Supply of Inventory ................................
7.1
7.3
8.6
6.8
-5.1%
Percent Under Contract ........................................
14.1%
16.7%
18.8%
8.6%
-38.5%
Average Median Price for Last 12 Months ........
$2,269,188
$2,471,500
$2,698,500
$2,416,407
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.450
JAN
$2,205,500
FEB MAR
MEDIAN SALES PRICE
APR
$953
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.205 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 2015
telesproperties.com
Coto de Caza DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,215,000
$1,040,000
$1,018,750
$1,092,000
-10.1%
Average Price per Square Foot ...........................
$333
$334
$376
$329
-1.2%
Properties Sold .......................................................
19
20
14
15
-21.1%
Properties Pending Sale .......................................
11
17
16
10
-9.1%
Properties For Sale ................................................
92
131
128
95
3.3%
Days on Market (Pending Sale) ...........................
101
80
84
122
20.8%
Month’s Supply of Inventory ................................
4.8
6.6
9.1
6.3
30.8%
Percent Under Contract ........................................
12.0%
13.0%
12.5%
10.5%
-12.0%
Average Median Price for Last 12 Months ........
$1,160,167
$1,152,000
$1,256,083
$1,163,336
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.215
JAN
$1,092,000
FEB MAR
MEDIAN SALES PRICE
APR
$329
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.092 M E 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 2015
telesproperties.com
Crystal Cove DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$5,000,000
$3,025,000
$10,897,500
$12,500,000
150.0%
Average Price per Square Foot ...........................
$1,070
$878
$1,166
$1,152
7.7%
Properties Sold .......................................................
8
10
10
1
-87.5%
Properties Pending Sale .......................................
7
5
7
2
-71.4%
Properties For Sale ................................................
19
83
23
15
-21.1%
Days on Market (Pending Sale) ...........................
128
89
47
152
18.8%
Month’s Supply of Inventory ................................
2.4
8.3
2.3
15
531.6%
Percent Under Contract ........................................
36.8%
6.0%
30.4%
13.3%
-63.8%
Average Median Price for Last 12 Months ........
$5,189,333
$7,485,500
$8,250,000
$5,943,745
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$5.000
JAN
$12,500,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,152
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
15 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$12.500 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 2015
telesproperties.com
Dana Point DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$920,938
$900,000
$1,074,000
$924,400
0.4%
Average Price per Square Foot ...........................
$552
$558
$586
$618
12.0%
Properties Sold .......................................................
32
29
32
21
-34.4%
Properties Pending Sale .......................................
15
37
32
12
-20.0%
Properties For Sale ................................................
130
204
178
124
-4.6%
Days on Market (Pending Sale) ...........................
94
88
73
74
-21.3%
Month’s Supply of Inventory ................................
4.1
7
5.6
5.9
45.3%
Percent Under Contract ........................................
11.5%
18.1%
18.0%
9.7%
-16.1%
Average Median Price for Last 12 Months ........
$895,316
$1,046,467
$953,133
$1,030,707
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$920
JAN
$924,400
FEB MAR
MEDIAN SALES PRICE
APR
$618
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$924 M E 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 2015
telesproperties.com
East Bluff - Harbor View DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,562,500
$1,800,000
$1,725,000
$2,488,750
59.3%
Average Price per Square Foot ...........................
$689
$691
$631
$713
3.5%
Properties Sold .......................................................
16
23
19
13
-18.8%
Properties Pending Sale .......................................
18
32
16
12
-33.3%
Properties For Sale ................................................
98
189
101
75
-23.5%
Days on Market (Pending Sale) ...........................
87
86
57
85
-2.3%
Month’s Supply of Inventory ................................
6.1
8.2
5.3
5.8
-5.8%
Percent Under Contract ........................................
18.4%
16.9%
15.8%
16.0%
-12.9%
Average Median Price for Last 12 Months ........
$1,729,917
$1,822,717
$1,777,100
$1,774,518
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.562
JAN
$2,488,750
FEB MAR
MEDIAN SALES PRICE
APR
$713
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.488 M E 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 2015
telesproperties.com
East Costa Mesa DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$990,000
$842,500
$887,500
$1,152,500
16.4%
Average Price per Square Foot ...........................
$521
$542
$577
$576
10.6%
Properties Sold .......................................................
14
16
16
16
14.3%
Properties Pending Sale .......................................
4
16
15
9
125.0%
Properties For Sale ................................................
47
63
52
37
-21.3%
Days on Market (Pending Sale) ...........................
102
47
52
94
-7.8%
Month’s Supply of Inventory ................................
3.4
3.9
3.2
2.3
-31.1%
Percent Under Contract ........................................
8.5%
25.4%
28.8%
24.3%
185.8%
Average Median Price for Last 12 Months ........
$862,016
$969,375
$1,043,250
$957,922
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$990
JAN
$1,152,500
FEB MAR
MEDIAN SALES PRICE
APR
$576
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.152 M E 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 2015
telesproperties.com
Fountain Valley DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$681,000
$699,500
$729,000
$692,000
1.6%
Average Price per Square Foot ...........................
$355
$363
$369
$358
0.8%
Properties Sold .......................................................
16
22
35
21
31.2%
Properties Pending Sale .......................................
15
34
28
18
20.0%
Properties For Sale ................................................
53
98
83
56
5.7%
Days on Market (Pending Sale) ...........................
36
36
66
40
11.1%
Month’s Supply of Inventory ................................
3.3
4.5
2.4
2.7
-19.5%
Percent Under Contract ........................................
28.3%
34.7%
33.7%
32.1%
13.6%
Average Median Price for Last 12 Months ........
$674,375
$729,667
$723,000
$714,269
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$681
JAN
$692,000
FEB MAR
MEDIAN SALES PRICE
APR
$358
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$692 M E 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 2015
telesproperties.com
Huntington Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$810,000
$800,000
$780,000
$812,500
0.3%
Average Price per Square Foot ...........................
$455
$455
$437
$483
6.2%
Properties Sold .......................................................
81
131
107
104
28.4%
Properties Pending Sale .......................................
81
138
99
68
-16.0%
Properties For Sale ................................................
302
424
425
285
-5.6%
Days on Market (Pending Sale) ...........................
69
50
63
53
-23.2%
Month’s Supply of Inventory ................................
3.7
3.2
4
2.7
-26.5%
Percent Under Contract ........................................
26.8%
32.5%
23.3%
23.9%
-11.0%
Average Median Price for Last 12 Months ........
$746,646
$805,917
$804,167
$793,962
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$810
JAN
$812,500
FEB MAR
MEDIAN SALES PRICE
APR
$483
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$812 M E 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 2015
telesproperties.com
Irvine DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$910,000
$955,000
$918,000
$992,500
9.1%
Average Price per Square Foot ...........................
$474
$479
$476
$442
-6.8%
Properties Sold .......................................................
75
103
98
78
4.0%
Properties Pending Sale .......................................
64
125
105
76
18.8%
Properties For Sale ................................................
278
476
465
301
8.3%
Days on Market (Pending Sale) ...........................
71
54
56
79
11.3%
Month’s Supply of Inventory ................................
3.7
4.6
4.7
3.9
4.1%
Percent Under Contract ........................................
23.0%
26.3%
22.6%
25.2%
9.7%
Average Median Price for Last 12 Months ........
$916,858
$979,667
$976,667
$954,934
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$910
JAN
$992,500
FEB MAR
MEDIAN SALES PRICE
APR
$442
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$992 M E 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 2015
telesproperties.com
Ladera Ranch DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$720,500
$895,000
$905,000
$784,950
8.9%
Average Price per Square Foot ...........................
$328
$336
$375
$344
4.9%
Properties Sold .......................................................
26
39
23
26
0.0%
Properties Pending Sale .......................................
12
44
19
15
25.0%
Properties For Sale ................................................
93
165
123
76
-18.3%
Days on Market (Pending Sale) ...........................
86
66
58
65
-24.4%
Month’s Supply of Inventory ................................
3.6
4.2
5.3
2.9
-18.3%
Percent Under Contract ........................................
12.9%
26.7%
15.4%
19.7%
53.0%
Average Median Price for Last 12 Months ........
$847,922
$857,717
$831,617
$854,523
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$720
JAN
$784,950
FEB MAR
MEDIAN SALES PRICE
APR
$344
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$784 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Laguna Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,875,000
$1,865,000
$2,150,000
$1,877,500
0.1%
Average Price per Square Foot ...........................
$944
$1,113
$1,159
$996
5.5%
Properties Sold .......................................................
29
23
29
30
3.4%
Properties Pending Sale .......................................
20
30
26
19
-5.0%
Properties For Sale ................................................
191
276
273
194
1.6%
Days on Market (Pending Sale) ...........................
79
75
110
124
57.0%
Month’s Supply of Inventory ................................
6.6
12
9.4
6.5
-1.8%
Percent Under Contract ........................................
10.5%
10.9%
9.5%
9.8%
-6.5%
Average Median Price for Last 12 Months ........
$1,953,792
$1,912,417
$1,979,167
$1,902,788
-2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.875
JAN
$1,877,500
FEB MAR
MEDIAN SALES PRICE
APR
$996
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.877 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 2015
telesproperties.com
Laguna Niguel DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$831,500
$825,000
$900,000
$802,500
-3.5%
Average Price per Square Foot ...........................
$401
$413
$409
$384
-4.2%
Properties Sold .......................................................
50
73
63
44
-12.0%
Properties Pending Sale .......................................
52
69
52
35
-32.7%
Properties For Sale ................................................
241
322
270
164
-32.0%
Days on Market (Pending Sale) ...........................
97
53
70
61
-37.1%
Month’s Supply of Inventory ................................
4.8
4.4
4.3
3.7
-22.7%
Percent Under Contract ........................................
21.6%
21.4%
19.3%
21.3%
-1.1%
Average Median Price for Last 12 Months ........
$804,413
$858,625
$865,250
$845,442
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$831
JAN
$802,500
FEB MAR
MEDIAN SALES PRICE
APR
$384
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$802 M E 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 2015
telesproperties.com
Laguna Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$790,000
$820,000
$839,980
$800,000
1.3%
Average Price per Square Foot ...........................
$330
$344
$363
$395
19.7%
Properties Sold .......................................................
27
21
27
27
0.0%
Properties Pending Sale .......................................
14
26
22
14
0.0%
Properties For Sale ................................................
69
139
134
80
15.9%
Days on Market (Pending Sale) ...........................
104
79
88
92
-11.5%
Month’s Supply of Inventory ................................
2.6
6.6
5
3
15.9%
Percent Under Contract ........................................
20.3%
18.7%
16.4%
17.5%
-13.8%
Average Median Price for Last 12 Months ........
$742,346
$816,163
$856,667
$792,383
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$790
JAN
$800,000
FEB MAR
MEDIAN SALES PRICE
APR
$395
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Laguna Woods DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$0
$885,000
$798,000
$0
n/a
Average Price per Square Foot ...........................
$0
$492
$487
$0
n/a
Properties Sold .......................................................
0
1
1
0
n/a
Properties Pending Sale .......................................
0
1
0
0
n/a
Properties For Sale ................................................
0
1
1
1
n/a
Days on Market (Pending Sale) ...........................
0
45
0
0
n/a
Month’s Supply of Inventory ................................
n/a
1
1
n/a
n/a
Percent Under Contract ........................................
n/a
100.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$627,500
$798,000
n/a
$841,500
34.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
n/a 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,725,000
$3,462,500
$2,800,000
$2,150,000
24.6%
Average Price per Square Foot ...........................
$682
$1,575
$1,203
$883
29.5%
Properties Sold .......................................................
1
10
5
3
200.0%
Properties Pending Sale .......................................
0
9
9
2
n/a
Properties For Sale ................................................
29
37
39
25
-13.8%
Days on Market (Pending Sale) ...........................
0
86
68
172
n/a
Month’s Supply of Inventory ................................
29
3.7
7.8
8.3
-71.3%
Percent Under Contract ........................................
0.0%
24.3%
23.1%
8.0%
n/a
Average Median Price for Last 12 Months ........
$3,121,050
$3,376,917
$3,426,500
$3,159,068
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.725
JAN
$2,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$883
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Mission Viejo DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$637,500
$675,000
$660,000
$650,000
2.0%
Average Price per Square Foot ...........................
$333
$346
$335
$353
6.0%
Properties Sold .......................................................
72
123
89
101
40.3%
Properties Pending Sale .......................................
56
107
102
82
46.4%
Properties For Sale ................................................
218
319
347
210
-3.7%
Days on Market (Pending Sale) ...........................
76
48
59
71
-6.6%
Month’s Supply of Inventory ................................
3
2.6
3.9
2.1
-31.3%
Percent Under Contract ........................................
25.7%
33.5%
29.4%
39.0%
52.0%
Average Median Price for Last 12 Months ........
$630,575
$664,483
$653,300
$659,762
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$637
JAN
$650,000
FEB MAR
MEDIAN SALES PRICE
APR
$353
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Monarch Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,250,000
$1,080,000
$2,300,000
$1,511,200
20.9%
Average Price per Square Foot ...........................
$631
$731
$671
$725
14.9%
Properties Sold .......................................................
15
7
12
4
-73.3%
Properties Pending Sale .......................................
5
9
11
2
-60.0%
Properties For Sale ................................................
63
83
78
63
0.0%
Days on Market (Pending Sale) ...........................
114
49
90
84
-26.3%
Month’s Supply of Inventory ................................
4.2
11.9
6.5
15.8
275.0%
Percent Under Contract ........................................
7.9%
10.8%
14.1%
3.2%
-60.0%
Average Median Price for Last 12 Months ........
$1,411,000
$1,879,950
$1,937,067
$1,551,727
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.250
JAN
$1,511,200
FEB MAR
MEDIAN SALES PRICE
APR
$725
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
15.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.511 M E 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 2015
telesproperties.com
Nelle Gail DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$855,000
$820,000
$849,990
$817,500
-4.4%
Average Price per Square Foot ...........................
$329
$344
$363
$397
20.7%
Properties Sold .......................................................
25
21
26
26
4.0%
Properties Pending Sale .......................................
12
25
21
14
16.7%
Properties For Sale ................................................
73
135
132
80
9.6%
Days on Market (Pending Sale) ...........................
123
82
89
92
-25.2%
Month’s Supply of Inventory ................................
2.9
6.4
5.1
3.1
5.4%
Percent Under Contract ........................................
16.4%
18.5%
15.9%
17.5%
6.5%
Average Median Price for Last 12 Months ........
$758,646
$828,248
$865,833
$811,218
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$855
JAN
$817,500
FEB MAR
MEDIAN SALES PRICE
APR
$397
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$817 M E 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 2015
telesproperties.com
Newport Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,795,000
$1,825,000
$2,040,000
$1,850,000
3.1%
Average Price per Square Foot ...........................
$729
$873
$866
$803
10.2%
Properties Sold .......................................................
51
74
61
45
-11.8%
Properties Pending Sale .......................................
31
67
56
34
9.7%
Properties For Sale ................................................
263
347
333
239
-9.1%
Days on Market (Pending Sale) ...........................
81
68
87
81
0.0%
Month’s Supply of Inventory ................................
5.2
4.7
5.5
5.3
3.0%
Percent Under Contract ........................................
11.8%
19.3%
16.8%
14.2%
20.7%
Average Median Price for Last 12 Months ........
$1,828,342
$1,920,208
$1,886,667
$1,873,120
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.795
JAN
$1,850,000
FEB MAR
MEDIAN SALES PRICE
APR
$803
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Newport Coast DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$3,200,000
$4,945,000
$4,118,562
$4,850,000
51.6%
Average Price per Square Foot ...........................
$894
$1,046
$936
$1,011
13.1%
Properties Sold .......................................................
9
11
10
13
44.4%
Properties Pending Sale .......................................
9
7
7
11
22.2%
Properties For Sale ................................................
76
85
104
85
11.8%
Days on Market (Pending Sale) ...........................
282
90
53
103
-63.5%
Month’s Supply of Inventory ................................
8.4
7.7
10.4
6.5
-22.6%
Percent Under Contract ........................................
11.8%
8.2%
6.7%
12.9%
9.3%
Average Median Price for Last 12 Months ........
$3,275,090
$3,196,177
$3,207,667
$3,273,620
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$3.200
JAN
$4,850,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,011
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Newport Heights DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,725,000
$1,900,000
$2,275,000
$1,612,500
-6.5%
Average Price per Square Foot ...........................
$572
$630
$1,095
$729
27.4%
Properties Sold .......................................................
5
8
18
4
-20.0%
Properties Pending Sale .......................................
4
7
14
5
25.0%
Properties For Sale ................................................
26
34
81
24
-7.7%
Days on Market (Pending Sale) ...........................
68
64
149
58
-14.7%
Month’s Supply of Inventory ................................
5.2
4.2
4.5
6
15.4%
Percent Under Contract ........................................
15.4%
20.6%
17.3%
20.8%
35.4%
Average Median Price for Last 12 Months ........
$1,891,121
$1,720,313
$1,419,167
$1,729,337
-8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.725
JAN
$1,612,500
FEB MAR
MEDIAN SALES PRICE
APR
$729
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.612 M E 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 2015
telesproperties.com
Rancho Santa Margarita DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$623,950
$662,500
$665,000
$712,500
14.2%
Average Price per Square Foot ...........................
$314
$323
$343
$325
3.5%
Properties Sold .......................................................
32
62
31
43
34.4%
Properties Pending Sale .......................................
37
58
44
30
-18.9%
Properties For Sale ................................................
159
178
183
90
-43.4%
Days on Market (Pending Sale) ...........................
87
44
53
64
-26.4%
Month’s Supply of Inventory ................................
5
2.9
5.9
2.1
-57.9%
Percent Under Contract ........................................
23.3%
32.6%
24.0%
33.3%
43.2%
Average Median Price for Last 12 Months ........
$650,782
$691,917
$714,833
$670,669
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$623
JAN
$712,500
FEB MAR
MEDIAN SALES PRICE
APR
$325
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
San Clemente DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$900,000
$900,000
$899,000
$919,865
2.2%
Average Price per Square Foot ...........................
$375
$412
$391
$422
12.5%
Properties Sold .......................................................
51
73
41
49
-3.9%
Properties Pending Sale .......................................
51
83
44
40
-21.6%
Properties For Sale ................................................
268
296
305
220
-17.9%
Days on Market (Pending Sale) ...........................
96
46
64
74
-22.9%
Month’s Supply of Inventory ................................
5.3
4.1
7.4
4.5
-14.6%
Percent Under Contract ........................................
19.0%
28.0%
14.4%
18.2%
-4.5%
Average Median Price for Last 12 Months ........
$826,704
$920,394
$954,455
$883,990
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$900
JAN
$919,865
FEB MAR
MEDIAN SALES PRICE
APR
$422
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$919 M E 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 2015
telesproperties.com
San Juan Capistrano DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$960,000
$1,175,000
$975,000
$1,072,500
11.7%
Average Price per Square Foot ...........................
$338
$380
$348
$327
-3.3%
Properties Sold .......................................................
17
25
29
16
-5.9%
Properties Pending Sale .......................................
17
26
33
18
5.9%
Properties For Sale ................................................
132
156
162
125
-5.3%
Days on Market (Pending Sale) ...........................
79
42
55
79
0.0%
Month’s Supply of Inventory ................................
7.8
6.2
5.6
7.8
0.6%
Percent Under Contract ........................................
12.9%
16.7%
20.4%
14.4%
11.8%
Average Median Price for Last 12 Months ........
$822,324
$969,667
$1,008,500
$895,750
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$960
JAN
$1,072,500
FEB MAR
MEDIAN SALES PRICE
APR
$327
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.072 M E 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 2015
telesproperties.com
Shady Canyon DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
1
0
0
n/a
Properties For Sale ................................................
2
1
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
0.0%
100.0%
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$4,519,833
$6,000,000
n/a
$5,900,000
30.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
n/a 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 2015
telesproperties.com
Turtle Ridge DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,031,944
$1,850,000
$2,575,000
$2,295,000
12.9%
Average Price per Square Foot ...........................
$659
$629
$685
$643
-2.4%
Properties Sold .......................................................
4
3
5
2
-50.0%
Properties Pending Sale .......................................
6
1
3
2
-66.7%
Properties For Sale ................................................
30
25
19
13
-56.7%
Days on Market (Pending Sale) ...........................
79
149
106
140
77.2%
Month’s Supply of Inventory ................................
7.5
8.3
3.8
6.5
-13.3%
Percent Under Contract ........................................
20.0%
4.0%
15.8%
15.4%
-23.1%
Average Median Price for Last 12 Months ........
$2,424,333
$2,325,500
$2,285,250
$2,279,079
-6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.031
JAN
$2,295,000
FEB MAR
MEDIAN SALES PRICE
APR
$643
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.295 M E 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 2015
telesproperties.com
Turtle Rock DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,355,000
$1,411,250
$0
$0
-100.0%
Average Price per Square Foot ...........................
$712
$579
$0
$0
-100.0%
Properties Sold .......................................................
1
7
0
0
-100.0%
Properties Pending Sale .......................................
1
3
0
0
-100.0%
Properties For Sale ................................................
7
5
3
1
-85.7%
Days on Market (Pending Sale) ...........................
108
60
0
0
-100.0%
Month’s Supply of Inventory ................................
7
0.7
n/a
n/a
n/a
Percent Under Contract ........................................
14.3%
60.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,303,178
$1,285,875
$1,183,500
$1,303,400
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.355
JAN
No sales
FEB MAR
MEDIAN SALES PRICE
APR
No sales
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
n/a 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 2015
telesproperties.com
Westminster DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$562,000
$537,750
$562,000
$567,500
1.0%
Average Price per Square Foot ...........................
$344
$327
$349
$338
-1.7%
Properties Sold .......................................................
29
38
26
44
51.7%
Properties Pending Sale .......................................
26
43
50
25
-3.8%
Properties For Sale ................................................
91
95
127
86
-5.5%
Days on Market (Pending Sale) ...........................
55
30
42
46
-16.4%
Month’s Supply of Inventory ................................
3.1
2.5
4.9
2
-37.7%
Percent Under Contract ........................................
28.6%
45.3%
39.4%
29.1%
1.7%
Average Median Price for Last 12 Months ........
$526,204
$576,583
$575,833
$557,796
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$562
JAN
$567,500
FEB MAR
MEDIAN SALES PRICE
APR
$338
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$567 M E 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 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,375,000
$1,600,000
$1,669,000
$1,650,000
20.0%
Average Price per Square Foot ...........................
$564
$627
$660
$628
11.3%
Properties Sold .......................................................
10
7
15
15
50.0%
Properties Pending Sale .......................................
12
10
13
10
-16.7%
Properties For Sale ................................................
60
70
78
51
-15.0%
Days on Market (Pending Sale) ...........................
104
52
72
94
-9.6%
Month’s Supply of Inventory ................................
6
10
5.2
3.4
-43.3%
Percent Under Contract ........................................
20.0%
14.3%
16.7%
19.6%
-2.0%
Average Median Price for Last 12 Months ........
$1,490,563
$1,675,250
$1,833,333
$1,595,720
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.375
JAN
$1,650,000
FEB MAR
MEDIAN SALES PRICE
APR
$628
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
West Newport - Lido DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,976,000
$2,325,000
$2,497,500
$2,025,000
2.5%
Average Price per Square Foot ...........................
$832
$1,150
$1,248
$845
1.6%
Properties Sold .......................................................
4
11
12
3
-25.0%
Properties Pending Sale .......................................
7
12
7
3
-57.1%
Properties For Sale ................................................
48
54
46
36
-25.0%
Days on Market (Pending Sale) ...........................
80
62
170
32
-60.0%
Month’s Supply of Inventory ................................
12
4.9
3.8
12
0.0%
Percent Under Contract ........................................
14.6%
22.2%
15.2%
8.3%
-42.9%
Average Median Price for Last 12 Months ........
$2,115,846
$2,290,833
$2,475,000
$2,237,000
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.976
JAN
$2,025,000
FEB MAR
MEDIAN SALES PRICE
APR
$845
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
12 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : December 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : December 2015
telesproperties.com
Carpinteria DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$899,000
$975,000
$865,000
$790,000
-12.1%
Average Price per Square Foot ...........................
$500
$637
$508
$530
6.0%
Properties Sold .......................................................
5
9
11
7
40.0%
Properties Pending Sale .......................................
4
3
6
2
-50.0%
Properties For Sale ................................................
32
34
30
23
-28.1%
Days on Market (Pending Sale) ...........................
80
30
212
10
-87.5%
Month’s Supply of Inventory ................................
6.4
3.8
2.7
3.3
-48.7%
Percent Under Contract ........................................
12.5%
8.8%
20.0%
8.7%
-30.4%
Average Median Price for Last 12 Months ........
$1,355,498
$985,154
$999,000
$946,648
-30.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$899
JAN
$790,000
FEB MAR
MEDIAN SALES PRICE
APR
$530
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 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 2015
telesproperties.com
Goleta DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$747,450
$720,000
$913,000
$780,000
4.4%
Average Price per Square Foot ...........................
$536
$509
$473
$485
-9.5%
Properties Sold .......................................................
7
9
9
7
0.0%
Properties Pending Sale .......................................
6
16
14
8
33.3%
Properties For Sale ................................................
22
32
33
27
22.7%
Days on Market (Pending Sale) ...........................
60
32
44
20
-66.7%
Month’s Supply of Inventory ................................
3.1
3.6
3.7
3.9
22.7%
Percent Under Contract ........................................
27.3%
50.0%
42.4%
29.6%
8.6%
Average Median Price for Last 12 Months ........
$797,496
$820,119
$820,833
$785,151
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$747
JAN
$780,000
FEB MAR
MEDIAN SALES PRICE
APR
$485
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 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 2015
telesproperties.com
Hope Ranch DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$3,275,000
$4,550,000
$0
$2,367,500
-27.7%
Average Price per Square Foot ...........................
$731
$899
$0
$713
-2.5%
Properties Sold .......................................................
3
4
0
2
-33.3%
Properties Pending Sale .......................................
4
1
4
2
-50.0%
Properties For Sale ................................................
25
25
21
15
-40.0%
Days on Market (Pending Sale) ...........................
167
47
149
46
-72.5%
Month’s Supply of Inventory ................................
8.3
6.2
n/a
7.5
-10.0%
Percent Under Contract ........................................
16.0%
4.0%
19.0%
13.3%
-16.7%
Average Median Price for Last 12 Months ........
$3,018,354
$3,722,924
$3,636,167
$3,521,427
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$3.275
JAN
$2,367,500
FEB MAR
MEDIAN SALES PRICE
APR
$713
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.367 M E 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 2015
telesproperties.com
Montecito DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$2,336,250
$3,495,000
$2,812,500
$2,397,500
2.6%
Average Price per Square Foot ...........................
$687
$1,048
$808
$936
36.2%
Properties Sold .......................................................
12
21
12
22
83.3%
Properties Pending Sale .......................................
12
21
16
12
0.0%
Properties For Sale ................................................
130
174
167
133
2.3%
Days on Market (Pending Sale) ...........................
128
94
85
162
26.6%
Month’s Supply of Inventory ................................
10.8
8.3
13.9
6
-44.2%
Percent Under Contract ........................................
9.2%
12.1%
9.6%
9.0%
-2.3%
Average Median Price for Last 12 Months ........
$2,763,563
$2,507,083
$2,518,333
$3,200,678
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.336
JAN
$2,397,500
FEB MAR
MEDIAN SALES PRICE
APR
$936
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.397 M E 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 2015
telesproperties.com
Santa Barbara East of State DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,160,000
$1,265,000
$1,108,000
$1,909,000
64.6%
Average Price per Square Foot ...........................
$636
$738
$657
$636
0.0%
Properties Sold .......................................................
25
30
26
22
-12.0%
Properties Pending Sale .......................................
21
30
31
16
-23.8%
Properties For Sale ................................................
101
152
155
110
8.9%
Days on Market (Pending Sale) ...........................
62
44
42
65
4.8%
Month’s Supply of Inventory ................................
4
5.1
6
5
23.8%
Percent Under Contract ........................................
20.8%
19.7%
20.0%
14.5%
-30.0%
Average Median Price for Last 12 Months ........
$1,199,604
$1,260,542
$1,449,667
$1,275,673
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.160
JAN
$1,909,000
FEB MAR
MEDIAN SALES PRICE
APR
$636
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.909 M E 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 2015
telesproperties.com
Santa Barbara West of State DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$862,500
$1,212,500
$980,000
$996,075
15.5%
Average Price per Square Foot ...........................
$777
$759
$584
$699
-10.0%
Properties Sold .......................................................
20
28
23
12
-40.0%
Properties Pending Sale .......................................
15
26
21
19
26.7%
Properties For Sale ................................................
67
70
79
56
-16.4%
Days on Market (Pending Sale) ...........................
52
40
22
63
21.2%
Month’s Supply of Inventory ................................
3.4
2.5
3.4
4.7
39.3%
Percent Under Contract ........................................
22.4%
37.1%
26.6%
33.9%
51.5%
Average Median Price for Last 12 Months ........
$1,011,917
$1,063,013
$1,036,858
$1,019,275
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$862
JAN
$996,075
FEB MAR
MEDIAN SALES PRICE
APR
$699
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$996 M E 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 2015
telesproperties.com
Santa Ynez DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$815,000
$738,750
$772,500
$699,000
-14.2%
Average Price per Square Foot ...........................
$338
$367
$440
$239
-29.3%
Properties Sold .......................................................
8
10
12
7
-12.5%
Properties Pending Sale .......................................
6
9
13
14
133.3%
Properties For Sale ................................................
105
114
129
122
16.2%
Days on Market (Pending Sale) ...........................
195
88
75
91
-53.3%
Month’s Supply of Inventory ................................
13.1
11.4
10.8
17.4
32.8%
Percent Under Contract ........................................
5.7%
7.9%
10.1%
11.5%
100.8%
Average Median Price for Last 12 Months ........
$681,875
$757,167
$726,833
$792,750
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$815
JAN
$699,000
FEB MAR
MEDIAN SALES PRICE
APR
$239
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
17.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$699 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : December 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : December 2015
telesproperties.com
Carmel DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,200,000
$869,000
$1,375,000
$1,505,000
25.4%
Average Price per Square Foot ...........................
$798
$685
$761
$1,046
31.1%
Properties Sold .......................................................
13
23
27
34
161.5%
Properties Pending Sale .......................................
12
23
17
24
100.0%
Properties For Sale ................................................
113
163
156
130
15.0%
Days on Market (Pending Sale) ...........................
70
85
102
126
80.0%
Month’s Supply of Inventory ................................
8.7
7.1
5.8
3.8
-56.0%
Percent Under Contract ........................................
10.6%
14.1%
10.9%
18.5%
73.8%
Average Median Price for Last 12 Months ........
$1,438,013
$1,432,833
$1,565,500
$1,347,577
-6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.200
JAN
$1,505,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,046
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.505 M E 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 2015
telesproperties.com
Carmel Valley DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$944,500
$968,250
$1,200,000
$659,000
-30.2%
Average Price per Square Foot ...........................
$386
$450
$497
$383
-0.8%
Properties Sold .......................................................
10
14
9
4
-60.0%
Properties Pending Sale .......................................
11
7
7
5
-54.5%
Properties For Sale ................................................
87
61
66
60
-31.0%
Days on Market (Pending Sale) ...........................
101
55
38
41
-59.4%
Month’s Supply of Inventory ................................
8.7
4.4
7.3
15
72.4%
Percent Under Contract ........................................
12.6%
11.5%
10.6%
8.3%
-34.1%
Average Median Price for Last 12 Months ........
$952,604
$829,466
$765,303
$911,119
-4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $944
DEC JAN
$659,000
FEB MAR
MEDIAN SALES PRICE
APR
$383
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
15 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$659 M E 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 2015
telesproperties.com
Marina DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$417,500
$432,000
$445,950
$461,500
10.5%
Average Price per Square Foot ...........................
$275
$283
$318
$297
8.0%
Properties Sold .......................................................
8
9
8
9
12.5%
Properties Pending Sale .......................................
10
7
13
7
-30.0%
Properties For Sale ................................................
30
21
36
21
-30.0%
Days on Market (Pending Sale) ...........................
140
14
16
64
-54.3%
Month’s Supply of Inventory ................................
3.8
2.3
4.5
2.3
-37.8%
Percent Under Contract ........................................
33.3%
33.3%
36.1%
33.3%
0.0%
Average Median Price for Last 12 Months ........
$430,304
$458,325
$456,000
$443,835
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$417
JAN
$461,500
FEB MAR
MEDIAN SALES PRICE
APR
$297
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$461 M E 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 2015
telesproperties.com
Monterey DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$610,000
$675,000
$790,000
$605,000
-0.8%
Average Price per Square Foot ...........................
$347
$427
$471
$422
21.6%
Properties Sold .......................................................
15
17
14
18
20.0%
Properties Pending Sale .......................................
10
32
22
13
30.0%
Properties For Sale ................................................
95
105
108
84
-11.6%
Days on Market (Pending Sale) ...........................
112
62
52
58
-48.2%
Month’s Supply of Inventory ................................
6.3
6.2
7.7
4.7
-26.3%
Percent Under Contract ........................................
10.5%
30.5%
20.4%
15.5%
47.0%
Average Median Price for Last 12 Months ........
$675,692
$695,333
$635,667
$679,827
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$610
JAN
$605,000
FEB MAR
MEDIAN SALES PRICE
APR
$422
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$605 M E 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 2015
telesproperties.com
Pacific Grove DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$739,000
$770,000
$821,500
$875,000
18.4%
Average Price per Square Foot ...........................
$590
$592
$707
$615
4.2%
Properties Sold .......................................................
13
19
9
11
-15.4%
Properties Pending Sale .......................................
13
17
13
12
-7.7%
Properties For Sale ................................................
52
62
56
55
5.8%
Days on Market (Pending Sale) ...........................
49
29
93
74
51.0%
Month’s Supply of Inventory ................................
4
3.3
6.2
5
25.0%
Percent Under Contract ........................................
25.0%
27.4%
23.2%
21.8%
-12.7%
Average Median Price for Last 12 Months ........
$736,996
$821,833
$882,500
$800,846
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$739
JAN
$875,000
FEB MAR
MEDIAN SALES PRICE
APR
$615
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2015
telesproperties.com
Pebble Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$975,000
$1,085,000
$2,380,000
$1,125,000
15.4%
Average Price per Square Foot ...........................
$686
$571
$635
$900
31.2%
Properties Sold .......................................................
7
9
7
11
57.1%
Properties Pending Sale .......................................
6
16
12
5
-16.7%
Properties For Sale ................................................
73
81
85
80
9.6%
Days on Market (Pending Sale) ...........................
140
68
118
85
-39.3%
Month’s Supply of Inventory ................................
10.4
9
12.1
7.3
-30.3%
Percent Under Contract ........................................
8.2%
19.8%
14.1%
6.2%
-24.0%
Average Median Price for Last 12 Months ........
$1,408,917
$1,495,583
$1,352,000
$1,550,288
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$975
JAN
$1,125,000
FEB MAR
MEDIAN SALES PRICE
APR
$900
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.125 M E 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 2015
telesproperties.com
Salinas DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$395,000
$420,000
$420,000
$415,000
5.1%
Average Price per Square Foot ...........................
$245
$264
$259
$267
9.0%
Properties Sold .......................................................
58
75
67
47
-19.0%
Properties Pending Sale .......................................
39
77
66
54
38.5%
Properties For Sale ................................................
209
224
222
171
-18.2%
Days on Market (Pending Sale) ...........................
62
49
37
66
6.5%
Month’s Supply of Inventory ................................
3.6
3
3.3
3.6
1.0%
Percent Under Contract ........................................
18.7%
34.4%
29.7%
31.6%
69.2%
Average Median Price for Last 12 Months ........
$387,188
$412,742
$410,000
$411,583
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$395
JAN
$415,000
FEB MAR
MEDIAN SALES PRICE
APR
$267
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Seaside DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$390,000
$414,000
$427,500
$414,000
6.2%
Average Price per Square Foot ...........................
$306
$353
$333
$357
16.7%
Properties Sold .......................................................
17
14
14
15
-11.8%
Properties Pending Sale .......................................
17
20
18
10
-41.2%
Properties For Sale ................................................
50
43
45
35
-30.0%
Days on Market (Pending Sale) ...........................
102
24
80
55
-46.1%
Month’s Supply of Inventory ................................
2.9
3.1
3.2
2.3
-20.7%
Percent Under Contract ........................................
34.0%
46.5%
40.0%
28.6%
-16.0%
Average Median Price for Last 12 Months ........
$361,820
$420,708
$417,250
$393,058
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$390
JAN
$414,000
FEB MAR
MEDIAN SALES PRICE
APR
$357
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$414 M E 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 2015
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : December 2015
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : December 2015
telesproperties.com
San Diego County DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$496,000
$545,000
$525,000
$539,250
8.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1878
2567
1890
1908
1.6%
Properties Pending Sale .......................................
1356
2376
2101
1486
9.6%
Properties For Sale ................................................
7,514
8,961
8,385
6,270
-16.6%
Days on Market (Pending Sale) ...........................
61
44
46
57
-6.6%
Month’s Supply of Inventory ................................
4
3.5
4.4
3.3
-17.9%
Percent Under Contract ........................................
18.0%
26.5%
25.1%
23.7%
31.3%
Average Median Price for Last 12 Months ........
$493,950
$534,750
$533,083
$522,538
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$496
JAN
$539,250
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$539 M E 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 2015
telesproperties.com
Carlsbad DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$775,000
$872,500
$823,750
$830,000
7.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
93
139
104
99
6.5%
Properties Pending Sale .......................................
56
137
95
57
1.8%
Properties For Sale ................................................
295
449
394
237
-19.7%
Days on Market (Pending Sale) ...........................
53
31
40
62
17.0%
Month’s Supply of Inventory ................................
3.2
3.2
3.8
2.4
-24.5%
Percent Under Contract ........................................
19.0%
30.5%
24.1%
24.1%
26.7%
Average Median Price for Last 12 Months ........
$778,978
$821,125
$824,167
$815,288
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$775
JAN
$830,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$830 M E 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 2015
telesproperties.com
Carmel Valley DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,023,000
$1,202,500
$1,150,000
$1,140,000
11.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
35
58
32
39
11.4%
Properties Pending Sale .......................................
10
48
35
24
140.0%
Properties For Sale ................................................
107
212
203
149
39.3%
Days on Market (Pending Sale) ...........................
89
58
50
69
-22.5%
Month’s Supply of Inventory ................................
3.1
3.7
6.3
3.8
25.0%
Percent Under Contract ........................................
9.3%
22.6%
17.2%
16.1%
72.3%
Average Median Price for Last 12 Months ........
$1,082,563
$1,126,500
$1,115,833
$1,138,038
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.023
JAN
$1,140,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.140 M E 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 2015
telesproperties.com
Chula Vista DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$440,000
$495,500
$490,000
$489,000
11.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
142
170
142
163
14.8%
Properties Pending Sale .......................................
122
182
186
124
1.6%
Properties For Sale ................................................
460
582
519
401
-12.8%
Days on Market (Pending Sale) ...........................
50
41
41
46
-8.0%
Month’s Supply of Inventory ................................
3.2
3.4
3.7
2.5
-24.1%
Percent Under Contract ........................................
26.5%
31.3%
35.8%
30.9%
16.6%
Average Median Price for Last 12 Months ........
$445,358
$487,485
$488,303
$471,935
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$440
JAN
$489,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$489 M E 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 2015
telesproperties.com
Coronado DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,450,000
$1,542,500
$1,860,000
$1,940,000
33.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
18
13
8
-11.1%
Properties Pending Sale .......................................
9
15
16
7
-22.2%
Properties For Sale ................................................
96
120
125
106
10.4%
Days on Market (Pending Sale) ...........................
79
86
68
88
11.4%
Month’s Supply of Inventory ................................
10.7
6.7
9.6
13.2
24.2%
Percent Under Contract ........................................
9.4%
12.5%
12.8%
6.6%
-29.6%
Average Median Price for Last 12 Months ........
$1,523,229
$1,812,633
$1,713,600
$1,752,331
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.450
JAN
$1,940,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
13.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.940 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Del Mar DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,575,000
$2,180,000
$2,579,375
$1,865,250
18.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
14
21
14
11
-21.4%
Properties Pending Sale .......................................
8
14
14
11
37.5%
Properties For Sale ................................................
86
85
87
64
-25.6%
Days on Market (Pending Sale) ...........................
131
58
55
58
-55.7%
Month’s Supply of Inventory ................................
6.1
4
6.2
5.8
-5.3%
Percent Under Contract ........................................
9.3%
16.5%
16.1%
17.2%
84.8%
Average Median Price for Last 12 Months ........
$1,618,752
$1,845,146
$1,815,500
$1,736,894
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.575
JAN
$1,865,250
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
El Cajon DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$405,000
$454,500
$487,500
$469,000
15.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
98
120
100
91
-7.1%
Properties Pending Sale .......................................
53
88
110
78
47.2%
Properties For Sale ................................................
370
372
366
300
-18.9%
Days on Market (Pending Sale) ...........................
55
35
45
43
-21.8%
Month’s Supply of Inventory ................................
3.8
3.1
3.7
3.3
-12.7%
Percent Under Contract ........................................
14.3%
23.7%
30.1%
26.0%
81.5%
Average Median Price for Last 12 Months ........
$417,916
$461,333
$460,167
$451,577
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$405
JAN
$469,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$469 M E 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 2015
telesproperties.com
Encinitas DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,142,500
$1,065,000
$1,265,000
$955,000
-16.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
40
46
36
29
-27.5%
Properties Pending Sale .......................................
27
52
37
25
-7.4%
Properties For Sale ................................................
135
186
170
102
-24.4%
Days on Market (Pending Sale) ...........................
50
33
48
38
-24.0%
Month’s Supply of Inventory ................................
3.4
4
4.7
3.5
4.2%
Percent Under Contract ........................................
20.0%
28.0%
21.8%
24.5%
22.5%
Average Median Price for Last 12 Months ........
$959,853
$1,064,800
$996,167
$1,086,250
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.142
DEC JAN
$955,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$955 M E 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 2015
telesproperties.com
Escondido DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$420,000
$448,800
$455,000
$455,000
8.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
120
141
126
118
-1.7%
Properties Pending Sale .......................................
75
170
133
72
-4.0%
Properties For Sale ................................................
483
595
500
367
-24.0%
Days on Market (Pending Sale) ...........................
57
54
53
44
-22.8%
Month’s Supply of Inventory ................................
4
4.2
4
3.1
-22.7%
Percent Under Contract ........................................
15.5%
28.6%
26.6%
19.6%
26.3%
Average Median Price for Last 12 Months ........
$427,725
$463,167
$460,000
$452,446
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$420
JAN
$455,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Imperial-Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$435,000
$470,000
$449,000
$440,000
1.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
9
13
11
37.5%
Properties Pending Sale .......................................
5
6
11
7
40.0%
Properties For Sale ................................................
24
32
31
16
-33.3%
Days on Market (Pending Sale) ...........................
130
17
69
31
-76.2%
Month’s Supply of Inventory ................................
3
3.6
2.4
1.5
-51.5%
Percent Under Contract ........................................
20.8%
18.8%
35.5%
43.8%
110.0%
Average Median Price for Last 12 Months ........
$407,857
$443,958
$452,833
$446,250
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$435
JAN
$440,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$440 M E 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 2015
telesproperties.com
La Jolla DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,640,000
$1,727,500
$1,848,812
$2,025,000
23.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
31
40
22
36
16.1%
Properties Pending Sale .......................................
22
28
24
27
22.7%
Properties For Sale ................................................
206
271
252
211
2.4%
Days on Market (Pending Sale) ...........................
76
69
85
72
-5.3%
Month’s Supply of Inventory ................................
6.6
6.8
11.5
5.9
-11.8%
Percent Under Contract ........................................
10.7%
10.3%
9.5%
12.8%
19.8%
Average Median Price for Last 12 Months ........
$1,663,125
$1,907,635
$1,943,333
$1,834,024
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.640
JAN
$2,025,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
La Mesa DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$447,500
$495,000
$488,742
$484,250
8.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
50
81
68
48
-4.0%
Properties Pending Sale .......................................
42
49
64
37
-11.9%
Properties For Sale ................................................
213
197
196
158
-25.8%
Days on Market (Pending Sale) ...........................
47
32
42
35
-25.5%
Month’s Supply of Inventory ................................
5.1
4
3.1
3.3
-35.1%
Percent Under Contract ........................................
19.7%
24.9%
32.7%
23.4%
18.8%
Average Median Price for Last 12 Months ........
$456,829
$479,868
$480,750
$477,539
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$447
JAN
$484,250
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$484 M E 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 2015
telesproperties.com
Lemon Grove DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$365,000
$385,000
$355,000
$385,000
5.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
25
27
15
17
-32.0%
Properties Pending Sale .......................................
20
17
23
21
5.0%
Properties For Sale ................................................
67
60
49
43
-35.8%
Days on Market (Pending Sale) ...........................
49
40
35
39
-20.4%
Month’s Supply of Inventory ................................
3.4
3.5
2.1
2.5
-24.5%
Percent Under Contract ........................................
29.9%
28.3%
46.9%
48.8%
63.6%
Average Median Price for Last 12 Months ........
$342,829
$375,542
$376,500
$375,058
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$365
JAN
$385,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$385 M E 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 2015
telesproperties.com
National City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$300,000
$340,000
$365,000
$350,000
16.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
19
23
13
23
21.1%
Properties Pending Sale .......................................
15
19
23
15
0.0%
Properties For Sale ................................................
57
57
52
44
-22.8%
Days on Market (Pending Sale) ...........................
64
48
33
33
-48.4%
Month’s Supply of Inventory ................................
3.8
3
2.3
1.9
-49.7%
Percent Under Contract ........................................
26.3%
33.3%
44.2%
34.1%
29.5%
Average Median Price for Last 12 Months ........
$302,771
$349,000
$337,000
$336,608
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$300
JAN
$350,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Oceanside DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$430,000
$499,050
$466,500
$477,000
10.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
119
196
128
110
-7.6%
Properties Pending Sale .......................................
72
159
135
99
37.5%
Properties For Sale ................................................
369
456
402
298
-19.2%
Days on Market (Pending Sale) ...........................
67
47
44
57
-14.9%
Month’s Supply of Inventory ................................
3.1
2.3
3.1
2.7
-12.6%
Percent Under Contract ........................................
19.5%
34.9%
33.6%
33.2%
70.3%
Average Median Price for Last 12 Months ........
$887,500
$473,500
$474,833
$468,265
-89.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$430
JAN
$477,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$477 M E 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 2015
telesproperties.com
Poway DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$635,000
$648,000
$680,000
$668,500
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
45
55
47
28
-37.8%
Properties Pending Sale .......................................
30
53
31
26
-13.3%
Properties For Sale ................................................
146
210
187
156
6.8%
Days on Market (Pending Sale) ...........................
59
51
49
61
3.4%
Month’s Supply of Inventory ................................
3.2
3.8
4
5.6
71.7%
Percent Under Contract ........................................
20.5%
25.2%
16.6%
16.7%
-18.9%
Average Median Price for Last 12 Months ........
$615,875
$660,000
$655,000
$646,096
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$635
JAN
$668,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$668 M E 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 2015
telesproperties.com
Rancho Bernardo DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$769,900
$720,000
$735,000
$687,500
-10.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
95
131
92
94
-1.1%
Properties Pending Sale .......................................
59
114
98
58
-1.7%
Properties For Sale ................................................
290
425
409
243
-16.2%
Days on Market (Pending Sale) ...........................
64
32
43
62
-3.1%
Month’s Supply of Inventory ................................
3.1
3.2
4.4
2.6
-15.3%
Percent Under Contract ........................................
20.3%
26.8%
24.0%
23.9%
17.3%
Average Median Price for Last 12 Months ........
$702,142
$715,417
$698,167
$714,531
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$769
JAN
$687,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$687 M E 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 2015
telesproperties.com
San Marcos DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$555,000
$582,500
$542,500
$577,000
4.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
66
103
82
57
-13.6%
Properties Pending Sale .......................................
45
93
73
52
15.6%
Properties For Sale ................................................
195
290
250
169
-13.3%
Days on Market (Pending Sale) ...........................
41
31
41
81
97.6%
Month’s Supply of Inventory ................................
3
2.8
3
3
0.4%
Percent Under Contract ........................................
23.1%
32.1%
29.2%
30.8%
33.3%
Average Median Price for Last 12 Months ........
$550,167
$583,158
$599,417
$577,335
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$555
JAN
$577,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$577 M E 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 2015
telesproperties.com
Santee DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$393,500
$460,000
$455,000
$449,200
14.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
34
35
45
44
29.4%
Properties Pending Sale .......................................
32
49
41
26
-18.8%
Properties For Sale ................................................
117
106
99
72
-38.5%
Days on Market (Pending Sale) ...........................
55
29
26
47
-14.5%
Month’s Supply of Inventory ................................
3.4
3
2.2
1.6
-52.4%
Percent Under Contract ........................................
27.4%
46.2%
41.4%
36.1%
32.0%
Average Median Price for Last 12 Months ........
$412,115
$449,408
$457,733
$436,265
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$393
JAN
$449,200
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$449 M E 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 2015
telesproperties.com
Solana Beach DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,502,827
$1,445,500
$1,197,500
$1,399,000
-6.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
6
6
7
-12.5%
Properties Pending Sale .......................................
7
4
4
1
-85.7%
Properties For Sale ................................................
38
32
34
33
-13.2%
Days on Market (Pending Sale) ...........................
68
120
24
27
-60.3%
Month’s Supply of Inventory ................................
4.8
5.3
5.7
4.7
-0.8%
Percent Under Contract ........................................
18.4%
12.5%
11.8%
3.0%
-83.5%
Average Median Price for Last 12 Months ........
$1,411,344
$1,396,583
$1,365,667
$1,557,275
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.502
JAN
$1,399,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.399 M E 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 2015
telesproperties.com
Vista DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$438,000
$460,000
$464,270
$475,450
8.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
59
91
58
68
15.3%
Properties Pending Sale .......................................
54
90
96
50
-7.4%
Properties For Sale ................................................
312
293
288
218
-30.1%
Days on Market (Pending Sale) ...........................
70
47
49
62
-11.4%
Month’s Supply of Inventory ................................
5.3
3.2
5
3.2
-39.4%
Percent Under Contract ........................................
17.3%
30.7%
33.3%
22.9%
32.5%
Average Median Price for Last 12 Months ........
$427,833
$470,578
$462,567
$455,144
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$438
JAN
$475,450
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 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 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : December 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : December 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$600,000
$726,000
$735,000
$815,000
35.8%
Average Price per Square Foot ...........................
$513
$489
$534
$614
19.7%
Properties Sold .......................................................
7
4
16
7
0.0%
Properties Pending Sale .......................................
6
10
12
4
-33.3%
Properties For Sale ................................................
25
35
40
22
-12.0%
Days on Market (Pending Sale) ...........................
82
38
31
48
-41.5%
Month’s Supply of Inventory ................................
3.6
8.7
2.5
3.1
-12.0%
Percent Under Contract ........................................
24.0%
28.6%
30.0%
18.2%
-24.2%
Average Median Price for Last 12 Months ........
$616,417
$759,531
$767,729
$713,645
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$600
JAN
$815,000
FEB MAR
MEDIAN SALES PRICE
APR
$614
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 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 2015
telesproperties.com
Beverly Hills DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,005,000
$970,000
$1,200,000
$1,187,500
18.2%
Average Price per Square Foot ...........................
$572
$657
$662
$666
16.4%
Properties Sold .......................................................
7
16
9
10
42.9%
Properties Pending Sale .......................................
6
9
9
10
66.7%
Properties For Sale ................................................
50
53
57
45
-10.0%
Days on Market (Pending Sale) ...........................
59
51
49
67
13.6%
Month’s Supply of Inventory ................................
7.1
3.3
6.3
4.5
-37.0%
Percent Under Contract ........................................
12.0%
17.0%
15.8%
22.2%
85.2%
Average Median Price for Last 12 Months ........
$1,053,245
$1,251,250
$1,362,500
$1,157,222
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.005
JAN
$1,187,500
FEB MAR
MEDIAN SALES PRICE
APR
$666
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.187 M E 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 2015
telesproperties.com
Brentwood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$632,000
$751,000
$679,000
$725,000
14.7%
Average Price per Square Foot ...........................
$498
$537
$551
$562
12.9%
Properties Sold .......................................................
14
28
20
15
7.1%
Properties Pending Sale .......................................
18
21
26
15
-16.7%
Properties For Sale ................................................
69
81
94
73
5.8%
Days on Market (Pending Sale) ...........................
61
49
49
83
36.1%
Month’s Supply of Inventory ................................
4.9
2.9
4.7
4.9
-1.3%
Percent Under Contract ........................................
26.1%
25.9%
27.7%
20.5%
-21.2%
Average Median Price for Last 12 Months ........
$717,040
$761,167
$775,833
$737,685
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$632
JAN
$725,000
FEB MAR
MEDIAN SALES PRICE
APR
$562
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.9 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 2015
telesproperties.com
Culver City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$404,000
$360,000
$440,000
$426,000
5.4%
Average Price per Square Foot ...........................
$401
$432
$436
$444
10.7%
Properties Sold .......................................................
14
23
21
18
28.6%
Properties Pending Sale .......................................
20
18
12
12
-40.0%
Properties For Sale ................................................
50
37
35
23
-54.0%
Days on Market (Pending Sale) ...........................
50
22
22
31
-38.0%
Month’s Supply of Inventory ................................
3.6
1.6
1.7
1.3
-64.2%
Percent Under Contract ........................................
40.0%
48.6%
34.3%
52.2%
30.4%
Average Median Price for Last 12 Months ........
$394,292
$436,167
$429,833
$432,731
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$404
JAN
$426,000
FEB MAR
MEDIAN SALES PRICE
APR
$444
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$426 M E 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 2015
telesproperties.com
Downtown DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$500,000
$602,500
$547,500
$531,500
6.3%
Average Price per Square Foot ...........................
$560
$605
$602
$627
12.0%
Properties Sold .......................................................
41
42
36
30
-26.8%
Properties Pending Sale .......................................
26
35
39
23
-11.5%
Properties For Sale ................................................
163
184
192
154
-5.5%
Days on Market (Pending Sale) ...........................
88
50
77
53
-39.8%
Month’s Supply of Inventory ................................
4
4.4
5.3
5.1
29.1%
Percent Under Contract ........................................
16.0%
19.0%
20.3%
14.9%
-6.4%
Average Median Price for Last 12 Months ........
$528,511
$554,342
$557,850
$562,735
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$500
JAN
$531,500
FEB MAR
MEDIAN SALES PRICE
APR
$627
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$531 M E 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 2015
telesproperties.com
Encino DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$312,000
$340,000
$271,000
$358,000
14.7%
Average Price per Square Foot ...........................
$262
$287
$257
$306
16.8%
Properties Sold .......................................................
24
25
13
14
-41.7%
Properties Pending Sale .......................................
17
30
25
17
0.0%
Properties For Sale ................................................
38
44
37
22
-42.1%
Days on Market (Pending Sale) ...........................
88
64
55
66
-25.0%
Month’s Supply of Inventory ................................
1.6
1.8
2.8
1.6
-0.8%
Percent Under Contract ........................................
44.7%
68.2%
67.6%
77.3%
72.7%
Average Median Price for Last 12 Months ........
$304,000
$315,667
$332,000
$321,308
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$312
JAN
$358,000
FEB MAR
MEDIAN SALES PRICE
APR
$306
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$358 M E 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 2015
telesproperties.com
Malibu DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$716,000
$540,000
$530,000
$968,000
35.2%
Average Price per Square Foot ...........................
$458
$562
$520
$930
103.1%
Properties Sold .......................................................
1
6
3
1
0.0%
Properties Pending Sale .......................................
2
2
3
1
-50.0%
Properties For Sale ................................................
23
24
25
18
-21.7%
Days on Market (Pending Sale) ...........................
109
77
140
4
-96.3%
Month’s Supply of Inventory ................................
23
4
8.3
18
-21.7%
Percent Under Contract ........................................
8.7%
8.3%
12.0%
5.6%
-36.1%
Average Median Price for Last 12 Months ........
$1,028,333
$706,639
$761,597
$767,350
-25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$716
JAN
$968,000
FEB MAR
MEDIAN SALES PRICE
APR
$930
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
18 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$968 M E 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 2015
telesproperties.com
Marina Del Rey DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$780,000
$785,000
$773,000
$902,500
15.7%
Average Price per Square Foot ...........................
$568
$668
$569
$563
-0.9%
Properties Sold .......................................................
28
21
24
22
-21.4%
Properties Pending Sale .......................................
12
22
27
17
41.7%
Properties For Sale ................................................
87
99
87
74
-14.9%
Days on Market (Pending Sale) ...........................
43
53
56
69
60.5%
Month’s Supply of Inventory ................................
3.1
4.7
3.6
3.4
8.3%
Percent Under Contract ........................................
13.8%
22.2%
31.0%
23.0%
66.6%
Average Median Price for Last 12 Months ........
$797,454
$895,368
$909,833
$874,362
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$780
JAN
$902,500
FEB MAR
MEDIAN SALES PRICE
APR
$563
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$902 M E 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 2015
telesproperties.com
Santa Monica DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$1,150,000
$870,000
$824,250
$880,000
-23.5%
Average Price per Square Foot ...........................
$1,176
$823
$866
$768
-34.7%
Properties Sold .......................................................
37
39
30
27
-27.0%
Properties Pending Sale .......................................
22
33
25
18
-18.2%
Properties For Sale ................................................
106
141
102
84
-20.8%
Days on Market (Pending Sale) ...........................
97
37
62
31
-68.0%
Month’s Supply of Inventory ................................
2.9
3.6
3.4
3.1
8.6%
Percent Under Contract ........................................
20.8%
23.4%
24.5%
21.4%
3.2%
Average Median Price for Last 12 Months ........
$874,921
$994,390
$1,057,696
$988,045
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.150
DEC JAN
$880,000
FEB MAR
MEDIAN SALES PRICE
APR
$768
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$880 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$389,000
$428,000
$422,000
$430,000
10.5%
Average Price per Square Foot ...........................
$317
$327
$333
$329
3.8%
Properties Sold .......................................................
27
36
30
12
-55.6%
Properties Pending Sale .......................................
22
31
22
15
-31.8%
Properties For Sale ................................................
46
28
38
20
-56.5%
Days on Market (Pending Sale) ...........................
68
51
50
72
5.9%
Month’s Supply of Inventory ................................
1.7
0.8
1.3
1.7
-2.2%
Percent Under Contract ........................................
47.8%
110.7%
57.9%
75.0%
56.8%
Average Median Price for Last 12 Months ........
$399,667
$438,667
$443,000
$432,846
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$389
JAN
$430,000
FEB MAR
MEDIAN SALES PRICE
APR
$329
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
Studio City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$424,000
$563,000
$534,000
$559,000
31.8%
Average Price per Square Foot ...........................
$388
$410
$404
$374
-3.6%
Properties Sold .......................................................
10
14
13
12
20.0%
Properties Pending Sale .......................................
9
22
11
13
44.4%
Properties For Sale ................................................
42
33
31
22
-47.6%
Days on Market (Pending Sale) ...........................
60
49
70
85
41.7%
Month’s Supply of Inventory ................................
4.2
2.4
2.4
1.8
-56.3%
Percent Under Contract ........................................
21.4%
66.7%
35.5%
59.1%
175.8%
Average Median Price for Last 12 Months ........
$494,667
$522,667
$525,667
$519,077
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$424
JAN
$559,000
FEB MAR
MEDIAN SALES PRICE
APR
$374
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$559 M E 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 2015
telesproperties.com
Venice DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$0
$1,441,000
$1,130,000
$1,280,000
n/a
Average Price per Square Foot ...........................
$0
$562
$513
$1,299
n/a
Properties Sold .......................................................
0
3
1
1
n/a
Properties Pending Sale .......................................
1
1
4
2
100.0%
Properties For Sale ................................................
20
19
24
13
-35.0%
Days on Market (Pending Sale) ...........................
54
127
20
60
11.1%
Month’s Supply of Inventory ................................
n/a
6.3
24
13
n/a
Percent Under Contract ........................................
5.0%
5.3%
16.7%
15.4%
207.7%
Average Median Price for Last 12 Months ........
$1,033,364
$1,354,000
$1,380,000
$1,261,136
22.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC JAN
$1,280,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,299
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
13 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
West Hollywood DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$585,000
$567,500
$554,500
$610,000
4.3%
Average Price per Square Foot ...........................
$553
$558
$628
$712
28.8%
Properties Sold .......................................................
25
48
30
20
-20.0%
Properties Pending Sale .......................................
23
33
26
21
-8.7%
Properties For Sale ................................................
122
126
119
87
-28.7%
Days on Market (Pending Sale) ...........................
68
54
43
54
-20.6%
Month’s Supply of Inventory ................................
4.9
2.6
4
4.4
-10.9%
Percent Under Contract ........................................
18.9%
26.2%
21.8%
24.1%
28.0%
Average Median Price for Last 12 Months ........
$597,586
$614,333
$624,667
$611,846
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$585
JAN
$610,000
FEB MAR
MEDIAN SALES PRICE
APR
$712
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2015
telesproperties.com
West LA DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$492,000
$702,500
$686,750
$670,007
36.2%
Average Price per Square Foot ...........................
$502
$506
$521
$514
2.4%
Properties Sold .......................................................
13
26
14
17
30.8%
Properties Pending Sale .......................................
12
9
13
13
8.3%
Properties For Sale ................................................
41
28
42
33
-19.5%
Days on Market (Pending Sale) ...........................
56
49
33
38
-32.1%
Month’s Supply of Inventory ................................
3.2
1.1
3
1.9
-38.5%
Percent Under Contract ........................................
29.3%
32.1%
31.0%
39.4%
34.6%
Average Median Price for Last 12 Months ........
$577,468
$697,865
$648,984
$661,322
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$492
JAN
$670,007
FEB MAR
MEDIAN SALES PRICE
APR
$514
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$670 M E 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 2015
telesproperties.com
Westwood - Century City DATA*
Dec 2014
6 month
3 month
Dec 2015
% change
Median Price ..........................................................
$716,000
$812,500
$730,000
$832,000
16.2%
Average Price per Square Foot ...........................
$618
$625
$712
$735
18.9%
Properties Sold .......................................................
40
70
51
41
2.5%
Properties Pending Sale .......................................
31
51
44
36
16.1%
Properties For Sale ................................................
241
276
275
205
-14.9%
Days on Market (Pending Sale) ...........................
69
55
53
71
2.9%
Month’s Supply of Inventory ................................
6
3.9
5.4
5
-17.0%
Percent Under Contract ........................................
12.9%
18.5%
16.0%
17.6%
36.5%
Average Median Price for Last 12 Months ........
$744,287
$757,083
$774,500
$760,769
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$716
JAN
$832,000
FEB MAR
MEDIAN SALES PRICE
APR
$735
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$832 M E 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 2015
telesproperties.com
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December 2015 | LOS ANGELES, ORANGE COUNTY, SANTA BARBARA, MONTEREY, SAN DIEGO Š2015 Teles Properties, Inc. Teles Properties is a registered trademark.