micro market report luxury real estate market research December 2016 | LOS ANGELES, ORANGE, 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
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : December 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : December 2016
telesproperties.com
Los Angeles County DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$548,000
$600,000
$579,000
$575,000
4.9%
Average Price per Square Foot ...........................
$424
$450
$433
$442
4.2%
Properties Sold .......................................................
4358
4800
4607
4217
-3.2%
Properties Pending Sale .......................................
3349
5107
4703
3281
-2.0%
Properties For Sale ................................................
15,043
18,683
19,051
14,554
-3.3%
Days on Market (Pending Sale) ...........................
53
40
43
50
-5.7%
Month’s Supply of Inventory ................................
3.5
3.9
4.1
3.5
-0.0%
Percent Under Contract ........................................
22.3%
27.3%
24.7%
22.5%
1.3%
Average Median Price for Last 12 Months ........
$534,145
$586,000
$581,000
$574,135
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$548
JAN
$575,000
FEB MAR
MEDIAN SALES PRICE
APR
$442
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,250,000
$3,030,000
$2,357,500
$1,437,500
-36.1%
Average Price per Square Foot ...........................
$904
$1,134
$784
$2,057
127.5%
Properties Sold .......................................................
7
13
12
10
42.9%
Properties Pending Sale .......................................
6
12
15
11
83.3%
Properties For Sale ................................................
100
161
166
151
51.0%
Days on Market (Pending Sale) ...........................
132
49
70
60
-54.5%
Month’s Supply of Inventory ................................
14.3
12.4
13.8
15.1
5.7%
Percent Under Contract ........................................
6.0%
7.5%
9.0%
7.3%
21.4%
Average Median Price for Last 12 Months ........
$2,334,229
$1,918,750
$1,460,833
$2,098,231
-11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.250
DEC JAN
$1,437,500
FEB MAR
MEDIAN SALES PRICE
APR
$2,057
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
15.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,150,000
$1,550,000
$2,100,000
$1,597,500
38.9%
Average Price per Square Foot ...........................
$689
$764
$733
$820
19.0%
Properties Sold .......................................................
13
18
15
16
23.1%
Properties Pending Sale .......................................
10
21
12
15
50.0%
Properties For Sale ................................................
62
90
102
91
46.8%
Days on Market (Pending Sale) ...........................
52
46
30
35
-32.7%
Month’s Supply of Inventory ................................
4.8
5
6.8
5.7
19.3%
Percent Under Contract ........................................
16.1%
23.3%
11.8%
16.5%
2.2%
Average Median Price for Last 12 Months ........
$1,458,250
$1,624,500
$1,526,500
$1,503,750
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 DEC
$1.150
JAN
$1,597,500
FEB MAR
MEDIAN SALES PRICE
APR
$820
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.597 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 2016
telesproperties.com
Beverly Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$6,172,000
$6,537,500
$2,973,500
$6,575,000
6.5%
Average Price per Square Foot ...........................
$1,496
$1,376
$1,715
$1,728
15.5%
Properties Sold .......................................................
16
14
7
15
-6.2%
Properties Pending Sale .......................................
15
22
14
12
-20.0%
Properties For Sale ................................................
107
135
135
114
6.5%
Days on Market (Pending Sale) ...........................
81
54
81
125
54.3%
Month’s Supply of Inventory ................................
6.7
9.6
19.3
7.6
13.6%
Percent Under Contract ........................................
14.0%
16.3%
10.4%
10.5%
-24.9%
Average Median Price for Last 12 Months ........
$5,104,532
$4,853,859
$5,179,552
$4,905,589
-4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$6.172
JAN
$6,575,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,728
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$6.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,577,500
$2,307,500
$2,355,000
$2,028,000
-21.3%
Average Price per Square Foot ...........................
$889
$749
$818
$1,227
38.0%
Properties Sold .......................................................
14
14
14
5
-64.3%
Properties Pending Sale .......................................
9
14
14
8
-11.1%
Properties For Sale ................................................
141
186
192
160
13.5%
Days on Market (Pending Sale) ...........................
70
63
83
105
50.0%
Month’s Supply of Inventory ................................
10.1
13.3
13.7
32
217.7%
Percent Under Contract ........................................
6.4%
7.5%
7.3%
5.0%
-21.7%
Average Median Price for Last 12 Months ........
$2,562,750
$2,947,300
$2,626,000
$2,778,754
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.577
JAN
$2,028,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,227
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
32 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.028 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Beverlywood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$825,500
$1,155,026
$1,231,250
$1,367,000
65.6%
Average Price per Square Foot ...........................
$641
$637
$660
$656
2.3%
Properties Sold .......................................................
18
23
30
16
-11.1%
Properties Pending Sale .......................................
16
24
26
7
-56.2%
Properties For Sale ................................................
55
85
74
43
-21.8%
Days on Market (Pending Sale) ...........................
42
47
49
37
-11.9%
Month’s Supply of Inventory ................................
3.1
3.7
2.5
2.7
-12.0%
Percent Under Contract ........................................
29.1%
28.2%
35.1%
16.3%
-44.0%
Average Median Price for Last 12 Months ........
$1,020,375
$1,283,458
$1,316,500
$1,220,490
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$825
JAN
$1,367,000
FEB MAR
MEDIAN SALES PRICE
APR
$656
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.367 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 2016
telesproperties.com
Brentwood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$4,500,000
$2,895,000
$2,875,000
$2,510,000
-44.2%
Average Price per Square Foot ...........................
$1,196
$937
$900
$1,054
-11.9%
Properties Sold .......................................................
15
23
25
20
33.3%
Properties Pending Sale .......................................
17
27
25
15
-11.8%
Properties For Sale ................................................
114
166
155
105
-7.9%
Days on Market (Pending Sale) ...........................
67
68
74
74
10.4%
Month’s Supply of Inventory ................................
7.6
7.2
6.2
5.2
-30.9%
Percent Under Contract ........................................
14.9%
16.3%
16.1%
14.3%
-4.2%
Average Median Price for Last 12 Months ........
$3,016,793
$2,874,833
$2,718,000
$2,957,904
-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 $4.500
DEC JAN
$2,510,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,054
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,162,300
$1,475,000
$1,350,000
$1,905,000
63.9%
Average Price per Square Foot ...........................
$783
$792
$759
$705
-10.0%
Properties Sold .......................................................
5
7
9
8
60.0%
Properties Pending Sale .......................................
3
11
6
4
33.3%
Properties For Sale ................................................
25
34
33
26
4.0%
Days on Market (Pending Sale) ...........................
137
60
44
74
-46.0%
Month’s Supply of Inventory ................................
5
4.9
3.7
3.2
-35.0%
Percent Under Contract ........................................
12.0%
32.4%
18.2%
15.4%
28.2%
Average Median Price for Last 12 Months ........
$1,676,740
$1,987,750
$1,587,167
$1,892,626
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 DEC
$1.162
JAN
$1,905,000
FEB MAR
MEDIAN SALES PRICE
APR
$705
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Culver City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,012,500
$1,220,000
$1,200,000
$1,216,750
20.2%
Average Price per Square Foot ...........................
$678
$728
$748
$761
12.2%
Properties Sold .......................................................
26
27
31
18
-30.8%
Properties Pending Sale .......................................
12
33
20
14
16.7%
Properties For Sale ................................................
50
73
56
42
-16.0%
Days on Market (Pending Sale) ...........................
60
31
44
37
-38.3%
Month’s Supply of Inventory ................................
1.9
2.7
1.8
2.3
21.3%
Percent Under Contract ........................................
24.0%
45.2%
35.7%
33.3%
38.9%
Average Median Price for Last 12 Months ........
$1,011,375
$1,133,000
$1,160,083
$1,104,231
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.012
JAN
$1,216,750
FEB MAR
MEDIAN SALES PRICE
APR
$761
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.216 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Downtown DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$332,392
$430,000
$294,500
$410,000
23.3%
Average Price per Square Foot ...........................
$263
$294
$261
$321
22.1%
Properties Sold .......................................................
10
10
8
6
-40.0%
Properties Pending Sale .......................................
8
5
14
9
12.5%
Properties For Sale ................................................
52
47
54
49
-5.8%
Days on Market (Pending Sale) ...........................
39
42
28
59
51.3%
Month’s Supply of Inventory ................................
5.2
4.7
6.8
8.2
57.1%
Percent Under Contract ........................................
15.4%
10.6%
25.9%
18.4%
19.4%
Average Median Price for Last 12 Months ........
$298,618
$328,898
$342,963
$333,493
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$332
JAN
$410,000
FEB MAR
MEDIAN SALES PRICE
APR
$321
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,630,000
$1,545,000
$1,507,125
$1,516,388
-7.0%
Average Price per Square Foot ...........................
$656
$724
$647
$664
1.2%
Properties Sold .......................................................
17
24
16
20
17.6%
Properties Pending Sale .......................................
17
31
26
14
-17.6%
Properties For Sale ................................................
107
124
142
97
-9.3%
Days on Market (Pending Sale) ...........................
83
45
47
80
-3.6%
Month’s Supply of Inventory ................................
6.3
5.2
8.9
4.8
-22.9%
Percent Under Contract ........................................
15.9%
25.0%
18.3%
14.4%
-9.2%
Average Median Price for Last 12 Months ........
$1,362,208
$1,563,919
$1,689,629
$1,563,919
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 DEC
$1.630
JAN
$1,516,388
FEB MAR
MEDIAN SALES PRICE
APR
$664
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.516 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Hollywood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$852,500
$899,000
$730,000
$604,000
-29.1%
Average Price per Square Foot ...........................
$515
$546
$399
$391
-24.1%
Properties Sold .......................................................
8
7
5
1
-87.5%
Properties Pending Sale .......................................
13
3
8
11
-15.4%
Properties For Sale ................................................
52
33
32
37
-28.8%
Days on Market (Pending Sale) ...........................
39
35
43
54
38.5%
Month’s Supply of Inventory ................................
6.5
4.7
6.4
37
469.2%
Percent Under Contract ........................................
25.0%
9.1%
25.0%
29.7%
18.9%
Average Median Price for Last 12 Months ........
$837,018
$855,167
$884,667
$972,731
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$852
JAN
$604,000
FEB MAR
MEDIAN SALES PRICE
APR
$391
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
37 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$604 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Hollywood Hills East DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,356,122
$1,213,420
$1,543,750
$1,212,000
-10.6%
Average Price per Square Foot ...........................
$523
$641
$670
$579
10.7%
Properties Sold .......................................................
10
16
12
10
0.0%
Properties Pending Sale .......................................
9
9
15
8
-11.1%
Properties For Sale ................................................
61
55
94
77
26.2%
Days on Market (Pending Sale) ...........................
59
40
34
40
-32.2%
Month’s Supply of Inventory ................................
6.8
6.1
6.3
7.7
13.6%
Percent Under Contract ........................................
14.8%
16.4%
16.0%
10.4%
-29.6%
Average Median Price for Last 12 Months ........
$1,211,319
$1,569,208
$1,233,332
$1,405,990
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.356
JAN
$1,212,000
FEB MAR
MEDIAN SALES PRICE
APR
$579
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.212 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Inglewood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$455,750
$480,000
$464,500
$450,000
-1.3%
Average Price per Square Foot ...........................
$299
$320
$353
$332
11.0%
Properties Sold .......................................................
24
25
31
19
-20.8%
Properties Pending Sale .......................................
12
20
29
18
50.0%
Properties For Sale ................................................
82
80
69
58
-29.3%
Days on Market (Pending Sale) ...........................
81
31
50
22
-72.8%
Month’s Supply of Inventory ................................
6.8
4
2.4
3.1
-55.3%
Percent Under Contract ........................................
14.6%
25.0%
42.0%
31.0%
112.1%
Average Median Price for Last 12 Months ........
$402,888
$468,317
$466,633
$451,450
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$455
JAN
$450,000
FEB MAR
MEDIAN SALES PRICE
APR
$332
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Ladera Heights DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$975,000
$899,000
$895,000
$980,000
0.5%
Average Price per Square Foot ...........................
$393
$387
$390
$433
10.2%
Properties Sold .......................................................
7
5
5
2
-71.4%
Properties Pending Sale .......................................
6
5
5
3
-50.0%
Properties For Sale ................................................
25
19
20
17
-32.0%
Days on Market (Pending Sale) ...........................
114
111
50
54
-52.6%
Month’s Supply of Inventory ................................
4.2
3.8
4
8.5
104.0%
Percent Under Contract ........................................
24.0%
26.3%
25.0%
17.6%
-26.5%
Average Median Price for Last 12 Months ........
$899,164
$1,064,583
$1,172,500
$1,011,721
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
$975
JAN
$980,000
FEB MAR
MEDIAN SALES PRICE
APR
$433
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$980 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Laurel Canyon DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,480,000
$1,548,500
$1,450,000
$1,495,000
1.0%
Average Price per Square Foot ...........................
$792
$840
$712
$782
-1.3%
Properties Sold .......................................................
31
21
23
26
-16.1%
Properties Pending Sale .......................................
26
28
24
20
-23.1%
Properties For Sale ................................................
130
171
195
156
20.0%
Days on Market (Pending Sale) ...........................
82
58
58
63
-23.2%
Month’s Supply of Inventory ................................
5
6.1
8.1
7.8
56.0%
Percent Under Contract ........................................
20.0%
16.4%
12.3%
12.8%
-35.9%
Average Median Price for Last 12 Months ........
$1,455,682
$1,684,548
$1,765,333
$1,589,565
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.480
JAN
$1,495,000
FEB MAR
MEDIAN SALES PRICE
APR
$782
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Los Feliz DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,460,000
$1,378,000
$1,695,000
$1,790,625
22.6%
Average Price per Square Foot ...........................
$611
$728
$672
$644
5.4%
Properties Sold .......................................................
19
24
16
18
-5.3%
Properties Pending Sale .......................................
12
22
17
16
33.3%
Properties For Sale ................................................
80
87
87
88
10.0%
Days on Market (Pending Sale) ...........................
104
31
55
68
-34.6%
Month’s Supply of Inventory ................................
6.7
4
5.1
4.9
-26.7%
Percent Under Contract ........................................
15.0%
25.3%
19.5%
18.2%
21.2%
Average Median Price for Last 12 Months ........
$1,417,254
$1,656,235
$1,764,137
$1,621,628
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.460
JAN
$1,790,625
FEB MAR
MEDIAN SALES PRICE
APR
$644
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.790 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 2016
telesproperties.com
Malibu DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,437,050
$2,900,000
$2,770,000
$4,100,000
68.2%
Average Price per Square Foot ...........................
$1,093
$960
$820
$1,082
-1.0%
Properties Sold .......................................................
22
13
21
11
-50.0%
Properties Pending Sale .......................................
12
11
25
12
0.0%
Properties For Sale ................................................
206
221
222
205
-0.5%
Days on Market (Pending Sale) ...........................
77
69
106
84
9.1%
Month’s Supply of Inventory ................................
9.4
17
10.6
18.6
99.0%
Percent Under Contract ........................................
5.8%
5.0%
11.3%
5.9%
0.5%
Average Median Price for Last 12 Months ........
$2,266,927
$2,584,083
$2,768,167
$2,497,042
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.437
JAN
$4,100,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,082
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
18.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Malibu Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$5,775,000
$5,600,000
$5,400,000
$3,642,248
-36.9%
Average Price per Square Foot ...........................
$2,265
$3,242
$2,192
$1,456
-35.7%
Properties Sold .......................................................
4
5
9
1
-75.0%
Properties Pending Sale .......................................
4
6
3
3
-25.0%
Properties For Sale ................................................
75
98
90
69
-8.0%
Days on Market (Pending Sale) ...........................
172
74
267
175
1.7%
Month’s Supply of Inventory ................................
18.8
19.6
10
69
268.0%
Percent Under Contract ........................................
5.3%
6.1%
3.3%
4.3%
-18.5%
Average Median Price for Last 12 Months ........
$5,599,583
$5,021,458
$5,372,416
$6,534,711
14.3%
*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 $5.775
DEC JAN
$3,642,248
FEB MAR
MEDIAN SALES PRICE
APR
$1,456
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
69 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.642 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Marina Del Rey DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,821,000
$1,302,500
$1,600,000
$1,039,500
-42.9%
Average Price per Square Foot ...........................
$745
$756
$904
$709
-4.8%
Properties Sold .......................................................
2
8
2
6
200.0%
Properties Pending Sale .......................................
3
3
3
4
33.3%
Properties For Sale ................................................
24
34
26
28
16.7%
Days on Market (Pending Sale) ...........................
69
66
66
110
59.4%
Month’s Supply of Inventory ................................
12
4.2
13
4.7
-61.1%
Percent Under Contract ........................................
12.5%
8.8%
11.5%
14.3%
14.3%
Average Median Price for Last 12 Months ........
$1,658,507
$1,667,421
$1,309,008
$1,453,656
-14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.821
DEC JAN
$1,039,500
FEB MAR
MEDIAN SALES PRICE
APR
$709
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.039 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Mid Los Angeles DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$593,056
$550,688
$577,535
$560,000
-5.6%
Average Price per Square Foot ...........................
$365
$360
$429
$435
19.2%
Properties Sold .......................................................
42
44
30
31
-26.2%
Properties Pending Sale .......................................
36
46
40
31
-13.9%
Properties For Sale ................................................
148
140
135
118
-20.3%
Days on Market (Pending Sale) ...........................
37
38
42
44
18.9%
Month’s Supply of Inventory ................................
3.5
3.2
4.5
3.8
8.0%
Percent Under Contract ........................................
24.3%
32.9%
29.6%
26.3%
8.0%
Average Median Price for Last 12 Months ........
$518,921
$616,089
$594,667
$593,945
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$593
JAN
$560,000
FEB MAR
MEDIAN SALES PRICE
APR
$435
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Mid Wilshire DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$697,500
$755,000
$877,000
$778,500
11.6%
Average Price per Square Foot ...........................
$322
$383
$510
$500
55.3%
Properties Sold .......................................................
6
2
5
4
-33.3%
Properties Pending Sale .......................................
2
5
5
5
150.0%
Properties For Sale ................................................
21
17
24
23
9.5%
Days on Market (Pending Sale) ...........................
96
40
19
39
-59.4%
Month’s Supply of Inventory ................................
3.5
8.5
4.8
5.8
64.3%
Percent Under Contract ........................................
9.5%
29.4%
20.8%
21.7%
128.3%
Average Median Price for Last 12 Months ........
$688,600
$872,625
$876,417
$807,250
14.7%
*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
$697
JAN
$778,500
FEB MAR
MEDIAN SALES PRICE
APR
$500
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Pacific Palisades DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$3,136,625
$2,715,000
$2,800,180
$3,268,000
4.2%
Average Price per Square Foot ...........................
$950
$986
$1,057
$1,077
13.4%
Properties Sold .......................................................
24
31
21
19
-20.8%
Properties Pending Sale .......................................
10
27
15
21
110.0%
Properties For Sale ................................................
117
157
147
124
6.0%
Days on Market (Pending Sale) ...........................
66
45
68
70
6.1%
Month’s Supply of Inventory ................................
4.9
5.1
7
6.5
33.9%
Percent Under Contract ........................................
8.5%
17.2%
10.2%
16.9%
98.1%
Average Median Price for Last 12 Months ........
$2,839,177
$3,023,863
$3,339,333
$2,841,812
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$3.136
JAN
$3,268,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,077
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.268 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 2016
telesproperties.com
Palms - Mar Vista DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,210,000
$1,175,000
$1,493,500
$1,500,000
24.0%
Average Price per Square Foot ...........................
$719
$783
$811
$712
-1.0%
Properties Sold .......................................................
33
35
31
27
-18.2%
Properties Pending Sale .......................................
27
25
26
19
-29.6%
Properties For Sale ................................................
68
86
97
53
-22.1%
Days on Market (Pending Sale) ...........................
36
32
39
41
13.9%
Month’s Supply of Inventory ................................
2.1
2.5
3.1
2
-4.7%
Percent Under Contract ........................................
39.7%
29.1%
26.8%
35.8%
-9.7%
Average Median Price for Last 12 Months ........
$1,185,240
$1,449,667
$1,490,000
$1,344,348
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.210
JAN
$1,500,000
FEB MAR
MEDIAN SALES PRICE
APR
$712
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Playa Del Rey DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,395,000
$1,165,000
$1,677,250
$1,350,000
-3.2%
Average Price per Square Foot ...........................
$499
$628
$633
$531
6.4%
Properties Sold .......................................................
4
5
2
3
-25.0%
Properties Pending Sale .......................................
2
4
4
1
-50.0%
Properties For Sale ................................................
12
16
20
12
0.0%
Days on Market (Pending Sale) ...........................
119
38
50
202
69.7%
Month’s Supply of Inventory ................................
3
3.2
10
4
33.3%
Percent Under Contract ........................................
16.7%
25.0%
20.0%
8.3%
-50.0%
Average Median Price for Last 12 Months ........
$1,796,083
$1,464,125
$1,361,000
$1,532,733
-17.2%
*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
$1.395
JAN
$1,350,000
FEB MAR
MEDIAN SALES PRICE
APR
$531
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 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 2016
telesproperties.com
Playa Vista DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,257,500
$1,749,000
$1,900,000
$2,385,000
5.6%
Average Price per Square Foot ...........................
$749
$652
$776
$738
-1.5%
Properties Sold .......................................................
2
1
1
1
-50.0%
Properties Pending Sale .......................................
0
0
2
2
n/a
Properties For Sale ................................................
4
9
14
10
150.0%
Days on Market (Pending Sale) ...........................
30
13
114
46
53.3%
Month’s Supply of Inventory ................................
2
9
14
0.2
-90.0%
Percent Under Contract ........................................
0.0%
0.0%
14.3%
20.0%
n/a
Average Median Price for Last 12 Months ........
$1,684,850
$2,042,850
$2,135,000
$1,963,750
16.6%
*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
$2.257
JAN
$2,385,000
FEB MAR
MEDIAN SALES PRICE
APR
$738
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
0.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.385 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 2016
telesproperties.com
Santa Monica DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$3,034,000
$1,795,000
$1,936,944
$1,747,000
-42.4%
Average Price per Square Foot ...........................
$981
$1,044
$1,073
$1,250
27.4%
Properties Sold .......................................................
14
25
20
21
50.0%
Properties Pending Sale .......................................
6
23
20
16
166.7%
Properties For Sale ................................................
79
96
93
59
-25.3%
Days on Market (Pending Sale) ...........................
36
45
48
69
91.7%
Month’s Supply of Inventory ................................
5.6
3.8
4.6
2.8
-50.2%
Percent Under Contract ........................................
7.6%
24.0%
21.5%
27.1%
257.1%
Average Median Price for Last 12 Months ........
$2,369,687
$2,373,991
$2,252,333
$2,516,765
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 $3.034
DEC JAN
$1,747,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,250
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,540,000
$1,813,500
$1,538,500
$1,659,850
7.8%
Average Price per Square Foot ...........................
$856
$976
$839
$773
-9.7%
Properties Sold .......................................................
43
34
44
37
-14.0%
Properties Pending Sale .......................................
36
35
29
35
-2.8%
Properties For Sale ................................................
288
343
344
300
4.2%
Days on Market (Pending Sale) ...........................
101
78
58
63
-37.6%
Month’s Supply of Inventory ................................
6.7
10.1
7.8
8.1
21.1%
Percent Under Contract ........................................
12.5%
10.2%
8.4%
11.7%
-6.7%
Average Median Price for Last 12 Months ........
$1,641,204
$1,738,142
$1,687,784
$1,768,258
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.540
JAN
$1,659,850
FEB MAR
MEDIAN SALES PRICE
APR
$773
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.659 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 2016
telesproperties.com
Venice DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,610,000
$1,812,500
$1,867,500
$1,800,000
11.8%
Average Price per Square Foot ...........................
$1,098
$1,204
$1,221
$1,219
11.0%
Properties Sold .......................................................
19
22
20
17
-10.5%
Properties Pending Sale .......................................
9
19
19
12
33.3%
Properties For Sale ................................................
79
103
119
88
11.4%
Days on Market (Pending Sale) ...........................
50
56
48
50
0.0%
Month’s Supply of Inventory ................................
4.2
4.7
6
5.2
24.5%
Percent Under Contract ........................................
11.4%
18.4%
16.0%
13.6%
19.7%
Average Median Price for Last 12 Months ........
$1,760,841
$1,869,886
$1,918,667
$1,852,916
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.610
JAN
$1,800,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,219
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
West Hollywood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,579,999
$1,460,000
$1,500,000
$1,750,000
10.8%
Average Price per Square Foot ...........................
$859
$914
$797
$806
-6.2%
Properties Sold .......................................................
15
11
9
9
-40.0%
Properties Pending Sale .......................................
10
18
13
7
-30.0%
Properties For Sale ................................................
37
68
85
56
51.4%
Days on Market (Pending Sale) ...........................
57
48
45
69
21.1%
Month’s Supply of Inventory ................................
2.5
6.2
9.4
6.2
152.3%
Percent Under Contract ........................................
27.0%
26.5%
15.3%
12.5%
-53.8%
Average Median Price for Last 12 Months ........
$1,545,086
$1,606,671
$1,699,175
$1,567,079
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.579
JAN
$1,750,000
FEB MAR
MEDIAN SALES PRICE
APR
$806
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.750 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 2016
telesproperties.com
West Los Angeles DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,225,000
$1,221,500
$835,000
$1,015,000
-17.1%
Average Price per Square Foot ...........................
$650
$673
$690
$645
-0.8%
Properties Sold .......................................................
14
16
13
12
-14.3%
Properties Pending Sale .......................................
6
6
11
11
83.3%
Properties For Sale ................................................
34
38
51
39
14.7%
Days on Market (Pending Sale) ...........................
22
79
33
23
4.5%
Month’s Supply of Inventory ................................
2.4
2.4
3.9
3.2
33.8%
Percent Under Contract ........................................
17.6%
15.8%
21.6%
28.2%
59.8%
Average Median Price for Last 12 Months ........
$921,585
$989,958
$1,017,083
$1,048,904
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.225
JAN
$1,015,000
FEB MAR
MEDIAN SALES PRICE
APR
$645
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.015 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Westchester DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,020,000
$1,043,700
$1,000,000
$975,000
-4.4%
Average Price per Square Foot ...........................
$543
$635
$631
$605
11.4%
Properties Sold .......................................................
29
33
29
33
13.8%
Properties Pending Sale .......................................
18
31
28
20
11.1%
Properties For Sale ................................................
59
78
109
62
5.1%
Days on Market (Pending Sale) ...........................
55
34
35
66
20.0%
Month’s Supply of Inventory ................................
2
2.4
3.8
1.9
-7.7%
Percent Under Contract ........................................
30.5%
39.7%
25.7%
32.3%
5.7%
Average Median Price for Last 12 Months ........
$907,902
$1,097,708
$1,101,667
$1,059,304
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
$1.020
JAN
$975,000
FEB MAR
MEDIAN SALES PRICE
APR
$605
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Westwood - Century City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,931,234
$2,814,000
$2,075,000
$1,840,000
-4.7%
Average Price per Square Foot ...........................
$835
$939
$943
$788
-5.6%
Properties Sold .......................................................
16
17
13
14
-12.5%
Properties Pending Sale .......................................
13
16
24
7
-46.2%
Properties For Sale ................................................
54
71
80
49
-9.3%
Days on Market (Pending Sale) ...........................
48
44
48
50
4.2%
Month’s Supply of Inventory ................................
3.4
4.2
6.2
3.5
3.7%
Percent Under Contract ........................................
24.1%
22.5%
30.0%
14.3%
-40.7%
Average Median Price for Last 12 Months ........
$1,751,676
$1,779,750
$1,821,333
$1,872,797
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
$1.931
JAN
$1,840,000
FEB MAR
MEDIAN SALES PRICE
APR
$788
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
South Bay Macro Market DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,247,656
$1,435,667
$1,136,500
$1,401,299
12.3%
Average Price per Square Foot ...........................
$578
$619
$551
$621
7.4%
Properties Sold .......................................................
234
279
247
219
-6.4%
Properties Pending Sale .......................................
167
306
240
138
-17.4%
Properties For Sale ................................................
691
1,121
973
648
-6.2%
Days on Market (Pending Sale) ...........................
52
49
41
40
-22.6%
Month’s Supply of Inventory ................................
3
4
3.9
3
0.2%
Percent Under Contract ........................................
24.2%
27.3%
24.7%
21.3%
-11.9%
Average Median Price for Last 12 Months ........
$1,228,367
$1,234,784
$1,284,437
$1,292,828
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.247
JAN
$1,401,299
FEB MAR
MEDIAN SALES PRICE
APR
$621
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.401 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
El Segundo DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,096,000
$1,220,000
$1,337,500
$1,410,000
28.6%
Average Price per Square Foot ...........................
$533
$620
$493
$739
38.6%
Properties Sold .......................................................
7
13
6
7
0.0%
Properties Pending Sale .......................................
4
10
4
3
-25.0%
Properties For Sale ................................................
20
32
27
11
-45.0%
Days on Market (Pending Sale) ...........................
14
47
60
17
21.4%
Month’s Supply of Inventory ................................
2.9
2.5
4.5
1.6
-45.0%
Percent Under Contract ........................................
20.0%
31.2%
14.8%
27.3%
36.4%
Average Median Price for Last 12 Months ........
$1,021,000
$1,281,242
$1,236,650
$1,266,458
24.0%
*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
$1.096
JAN
$1,410,000
FEB MAR
MEDIAN SALES PRICE
APR
$739
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Hermosa Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,150,000
$1,388,750
$1,550,000
$1,962,500
-8.7%
Average Price per Square Foot ...........................
$956
$927
$780
$1,098
14.9%
Properties Sold .......................................................
11
14
11
6
-45.5%
Properties Pending Sale .......................................
7
16
8
0
-100.0%
Properties For Sale ................................................
26
69
49
34
30.8%
Days on Market (Pending Sale) ...........................
74
32
73
0
-100.0%
Month’s Supply of Inventory ................................
2.4
4.9
4.5
5.7
139.7%
Percent Under Contract ........................................
26.9%
23.2%
16.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,882,583
$1,774,667
$1,882,500
$1,729,779
-8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.150
JAN
$1,962,500
FEB MAR
MEDIAN SALES PRICE
APR
$1,098
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Manhattan Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,150,000
$2,100,000
$2,200,000
$1,790,000
-16.7%
Average Price per Square Foot ...........................
$996
$968
$850
$826
-17.1%
Properties Sold .......................................................
23
32
34
19
-17.4%
Properties Pending Sale .......................................
13
32
41
9
-30.8%
Properties For Sale ................................................
76
169
157
96
26.3%
Days on Market (Pending Sale) ...........................
78
41
41
53
-32.1%
Month’s Supply of Inventory ................................
3.3
5.3
4.6
5.1
52.9%
Percent Under Contract ........................................
17.1%
18.9%
26.1%
9.4%
-45.2%
Average Median Price for Last 12 Months ........
$2,160,250
$2,150,333
$2,096,667
$2,169,962
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.150
JAN
$1,790,000
FEB MAR
MEDIAN SALES PRICE
APR
$826
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.790 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 2016
telesproperties.com
Palos Verdes Estates DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,617,500
$1,934,000
$1,925,500
$1,686,600
4.3%
Average Price per Square Foot ...........................
$694
$951
$674
$755
8.8%
Properties Sold .......................................................
14
12
8
16
14.3%
Properties Pending Sale .......................................
5
15
18
11
120.0%
Properties For Sale ................................................
63
99
94
61
-3.2%
Days on Market (Pending Sale) ...........................
55
92
85
61
10.9%
Month’s Supply of Inventory ................................
4.5
8.2
11.8
3.8
-15.3%
Percent Under Contract ........................................
7.9%
15.2%
19.1%
18.0%
127.2%
Average Median Price for Last 12 Months ........
$1,771,475
$2,005,933
$1,883,033
$1,840,065
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 DEC
$1.617
JAN
$1,686,600
FEB MAR
MEDIAN SALES PRICE
APR
$755
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.686 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Rancho Palos Verdes DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,189,585
$1,295,000
$1,284,000
$1,376,000
15.7%
Average Price per Square Foot ...........................
$540
$547
$535
$571
5.7%
Properties Sold .......................................................
35
55
22
39
11.4%
Properties Pending Sale .......................................
25
36
35
25
0.0%
Properties For Sale ................................................
119
175
166
111
-6.7%
Days on Market (Pending Sale) ...........................
55
41
54
62
12.7%
Month’s Supply of Inventory ................................
3.4
3.2
7.5
2.8
-16.3%
Percent Under Contract ........................................
21.0%
20.6%
21.1%
22.5%
7.2%
Average Median Price for Last 12 Months ........
$1,180,424
$1,291,208
$1,323,667
$1,270,295
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
$1.189
JAN
$1,376,000
FEB MAR
MEDIAN SALES PRICE
APR
$571
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.376 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Redondo Beach- North DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$872,500
$890,000
$927,000
$1,090,000
24.9%
Average Price per Square Foot ...........................
$528
$563
$530
$529
0.2%
Properties Sold .......................................................
22
11
17
18
-18.2%
Properties Pending Sale .......................................
8
25
18
9
12.5%
Properties For Sale ................................................
21
51
44
28
33.3%
Days on Market (Pending Sale) ...........................
48
33
41
14
-70.8%
Month’s Supply of Inventory ................................
1
4.6
2.6
1.6
63.0%
Percent Under Contract ........................................
38.1%
49.0%
40.9%
32.1%
-15.6%
Average Median Price for Last 12 Months ........
$878,215
$988,417
$989,500
$924,173
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$872
JAN
$1,090,000
FEB MAR
MEDIAN SALES PRICE
APR
$529
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Redondo Beach- South DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,343,250
$1,300,000
$1,230,000
$1,325,000
-1.4%
Average Price per Square Foot ...........................
$612
$749
$656
$635
3.8%
Properties Sold .......................................................
8
27
13
17
112.5%
Properties Pending Sale .......................................
9
18
8
9
0.0%
Properties For Sale ................................................
34
56
48
31
-8.8%
Days on Market (Pending Sale) ...........................
79
60
31
46
-41.8%
Month’s Supply of Inventory ................................
4.2
2.1
3.7
1.8
-57.1%
Percent Under Contract ........................................
26.5%
32.1%
16.7%
29.0%
9.7%
Average Median Price for Last 12 Months ........
$1,206,729
$1,340,996
$1,398,158
$1,340,210
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
$1.343
JAN
$1,325,000
FEB MAR
MEDIAN SALES PRICE
APR
$635
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Rolling Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,890,000
$5,462,500
$0
$4,555,000
57.6%
Average Price per Square Foot ...........................
$843
$772
$0
$1,192
41.4%
Properties Sold .......................................................
1
4
0
2
100.0%
Properties Pending Sale .......................................
1
0
1
1
0.0%
Properties For Sale ................................................
22
28
32
27
22.7%
Days on Market (Pending Sale) ...........................
94
134
11
27
-71.3%
Month’s Supply of Inventory ................................
22
7
n/a
13.5
-38.6%
Percent Under Contract ........................................
4.5%
0.0%
3.1%
3.7%
-18.5%
Average Median Price for Last 12 Months ........
$3,097,500
$2,918,333
$3,552,500
$3,217,183
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 DEC
$2.890
JAN
$4,555,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,192
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
13.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$4.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Rolling Hills Estates DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,425,000
$1,772,500
$1,365,000
$1,580,000
10.9%
Average Price per Square Foot ...........................
$624
$588
$631
$554
-11.2%
Properties Sold .......................................................
8
7
7
7
-12.5%
Properties Pending Sale .......................................
2
9
5
4
100.0%
Properties For Sale ................................................
13
42
35
23
76.9%
Days on Market (Pending Sale) ...........................
26
30
56
75
188.5%
Month’s Supply of Inventory ................................
1.6
6
5
3.3
102.2%
Percent Under Contract ........................................
15.4%
21.4%
14.3%
17.4%
13.0%
Average Median Price for Last 12 Months ........
$1,499,708
$1,515,501
$1,524,050
$1,574,385
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
$1.425
JAN
$1,580,000
FEB MAR
MEDIAN SALES PRICE
APR
$554
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.580 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Pedro DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$610,000
$618,750
$605,000
$567,500
-7.0%
Average Price per Square Foot ...........................
$363
$393
$392
$357
-1.7%
Properties Sold .......................................................
19
30
41
26
36.8%
Properties Pending Sale .......................................
37
42
37
18
-51.4%
Properties For Sale ................................................
115
141
140
105
-8.7%
Days on Market (Pending Sale) ...........................
58
37
36
53
-8.6%
Month’s Supply of Inventory ................................
6.1
4.7
3.4
4
-33.3%
Percent Under Contract ........................................
32.2%
29.8%
26.4%
17.1%
-46.7%
Average Median Price for Last 12 Months ........
$554,708
$617,000
$620,500
$605,001
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
$610
JAN
$567,500
FEB MAR
MEDIAN SALES PRICE
APR
$357
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 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 2016
telesproperties.com
Torrance- County Strip DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$525,000
$510,000
$509,500
$538,000
2.5%
Average Price per Square Foot ...........................
$287
$386
$361
$311
8.4%
Properties Sold .......................................................
6
3
8
5
-16.7%
Properties Pending Sale .......................................
6
10
5
9
50.0%
Properties For Sale ................................................
8
27
19
22
175.0%
Days on Market (Pending Sale) ...........................
22
40
17
34
54.5%
Month’s Supply of Inventory ................................
1.3
9
2.4
4.4
230.0%
Percent Under Contract ........................................
75.0%
37.0%
26.3%
40.9%
-45.5%
Average Median Price for Last 12 Months ........
$474,917
$527,317
$524,800
$507,146
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
$525
JAN
$538,000
FEB MAR
MEDIAN SALES PRICE
APR
$311
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$538 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Torrance- North DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$597,500
$616,000
$630,000
$650,000
8.8%
Average Price per Square Foot ...........................
$406
$452
$429
$433
6.7%
Properties Sold .......................................................
23
15
20
21
-8.7%
Properties Pending Sale .......................................
17
26
17
13
-23.5%
Properties For Sale ................................................
59
57
53
27
-54.2%
Days on Market (Pending Sale) ...........................
57
17
25
21
-63.2%
Month’s Supply of Inventory ................................
2.6
3.8
2.6
1.3
-49.9%
Percent Under Contract ........................................
28.8%
45.6%
32.1%
48.1%
67.1%
Average Median Price for Last 12 Months ........
$468,271
$634,333
$640,333
$621,115
32.6%
*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
$597
JAN
$650,000
FEB MAR
MEDIAN SALES PRICE
APR
$433
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 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 2016
telesproperties.com
Torrance- South DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$825,000
$850,000
$902,500
$928,880
12.6%
Average Price per Square Foot ...........................
$450
$494
$503
$452
0.4%
Properties Sold .......................................................
18
21
26
17
-5.6%
Properties Pending Sale .......................................
13
27
20
12
-7.7%
Properties For Sale ................................................
46
64
52
36
-21.7%
Days on Market (Pending Sale) ...........................
51
30
27
39
-23.5%
Month’s Supply of Inventory ................................
2.6
3
2
2.1
-17.1%
Percent Under Contract ........................................
28.3%
42.2%
38.5%
33.3%
17.9%
Average Median Price for Last 12 Months ........
$847,574
$875,605
$866,877
$863,134
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
$825
JAN
$928,880
FEB MAR
MEDIAN SALES PRICE
APR
$452
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$928 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Torrance- Southeast DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$593,500
$725,000
$620,000
$760,000
28.1%
Average Price per Square Foot ...........................
$396
$379
$404
$386
-2.5%
Properties Sold .......................................................
20
19
19
4
-80.0%
Properties Pending Sale .......................................
9
16
7
6
-33.3%
Properties For Sale ................................................
40
63
26
18
-55.0%
Days on Market (Pending Sale) ...........................
57
51
36
84
47.4%
Month’s Supply of Inventory ................................
2
3.3
1.4
4.5
125.0%
Percent Under Contract ........................................
22.5%
25.4%
26.9%
33.3%
48.1%
Average Median Price for Last 12 Months ........
$600,208
$652,958
$710,667
$644,250
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
$593
JAN
$760,000
FEB MAR
MEDIAN SALES PRICE
APR
$386
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Torrance- West DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$830,000
$852,500
$825,000
$800,000
-3.6%
Average Price per Square Foot ...........................
$437
$490
$480
$470
7.6%
Properties Sold .......................................................
19
16
15
15
-21.1%
Properties Pending Sale .......................................
11
24
16
9
-18.2%
Properties For Sale ................................................
29
48
31
18
-37.9%
Days on Market (Pending Sale) ...........................
16
44
26
21
31.2%
Month’s Supply of Inventory ................................
1.5
3
2.1
1.2
-21.4%
Percent Under Contract ........................................
37.9%
50.0%
51.6%
50.0%
31.8%
Average Median Price for Last 12 Months ........
$781,950
$816,083
$811,167
$819,269
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
$830
JAN
$800,000
FEB MAR
MEDIAN SALES PRICE
APR
$470
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 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 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$839,313
$882,059
$951,471
$909,353
8.3%
Average Price per Square Foot ...........................
$430
$456
$437
$437
1.7%
Properties Sold .......................................................
27
37
33
27
-0.0%
Properties Pending Sale .......................................
25
37
36
25
1.1%
Properties For Sale ................................................
55
85
87
56
1.1%
Days on Market (Pending Sale) ...........................
65
54
60
66
1.8%
Month’s Supply of Inventory ................................
2
2.3
2.7
2.1
1.2%
Percent Under Contract ........................................
45.6%
43.2%
41.0%
45.6%
-0.0%
Average Median Price for Last 12 Months ........
$806,008
$956,657
$926,451
$883,647
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
$839
JAN
$909,353
FEB MAR
MEDIAN SALES PRICE
APR
$437
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2016
telesproperties.com
Agoura Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$880,000
$954,000
$850,000
$870,000
-1.1%
Average Price per Square Foot ...........................
$342
$385
$381
$361
5.6%
Properties Sold .......................................................
21
30
20
15
-28.6%
Properties Pending Sale .......................................
12
28
21
12
0.0%
Properties For Sale ................................................
46
58
68
39
-15.2%
Days on Market (Pending Sale) ...........................
69
63
109
76
10.1%
Month’s Supply of Inventory ................................
2.2
1.9
3.4
2.6
18.7%
Percent Under Contract ........................................
26.1%
48.3%
30.9%
30.8%
17.9%
Average Median Price for Last 12 Months ........
$882,583
$848,667
$827,667
$867,846
-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
$880
JAN
$870,000
FEB MAR
MEDIAN SALES PRICE
APR
$361
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$870 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Burbank DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$725,000
$740,000
$771,000
$735,000
1.4%
Average Price per Square Foot ...........................
$479
$490
$485
$492
2.7%
Properties Sold .......................................................
35
63
64
47
34.3%
Properties Pending Sale .......................................
38
59
58
50
31.6%
Properties For Sale ................................................
69
101
103
64
-7.2%
Days on Market (Pending Sale) ...........................
53
50
59
57
7.5%
Month’s Supply of Inventory ................................
2
1.6
1.6
1.4
-30.9%
Percent Under Contract ........................................
55.1%
58.4%
56.3%
78.1%
41.9%
Average Median Price for Last 12 Months ........
$695,833
$762,500
$768,000
$740,538
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$735,000
FEB MAR
MEDIAN SALES PRICE
APR
$492
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Calabasas DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,313,000
$1,224,000
$2,146,000
$1,045,000
-20.4%
Average Price per Square Foot ...........................
$519
$414
$451
$429
-17.3%
Properties Sold .......................................................
29
34
22
24
-17.2%
Properties Pending Sale .......................................
14
28
26
12
-14.3%
Properties For Sale ................................................
85
102
101
71
-16.5%
Days on Market (Pending Sale) ...........................
107
80
84
76
-29.0%
Month’s Supply of Inventory ................................
2.9
3
4.6
3
0.9%
Percent Under Contract ........................................
16.5%
27.5%
25.7%
16.9%
2.6%
Average Median Price for Last 12 Months ........
$1,189,000
$1,392,833
$1,232,667
$1,460,538
22.8%
*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
$1.313
JAN
$1,045,000
FEB MAR
MEDIAN SALES PRICE
APR
$429
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.045 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Encino DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,020,000
$1,212,000
$1,033,000
$1,391,000
36.4%
Average Price per Square Foot ...........................
$471
$506
$498
$492
4.5%
Properties Sold .......................................................
36
49
34
36
0.0%
Properties Pending Sale .......................................
44
52
46
34
-22.7%
Properties For Sale ................................................
79
132
127
89
12.7%
Days on Market (Pending Sale) ...........................
54
63
53
73
35.2%
Month’s Supply of Inventory ................................
2.2
2.7
3.7
2.5
12.7%
Percent Under Contract ........................................
55.7%
39.4%
36.2%
38.2%
-31.4%
Average Median Price for Last 12 Months ........
$1,135,229
$1,244,000
$1,260,333
$1,203,077
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
$1.020
JAN
$1,391,000
FEB MAR
MEDIAN SALES PRICE
APR
$492
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.391 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Glendale DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$899,000
$837,000
$854,000
$865,000
-3.8%
Average Price per Square Foot ...........................
$458
$457
$448
$447
-2.4%
Properties Sold .......................................................
65
53
58
54
-16.9%
Properties Pending Sale .......................................
50
65
77
68
36.0%
Properties For Sale ................................................
70
120
140
98
40.0%
Days on Market (Pending Sale) ...........................
49
41
59
57
16.3%
Month’s Supply of Inventory ................................
1.5
2.1
2
1.1
-27.3%
Percent Under Contract ........................................
54.5%
46.9%
56.8%
71.4%
31.0%
Average Median Price for Last 12 Months ........
$790,750
$867,167
$870,667
$839,750
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
$770
JAN
$865,000
FEB MAR
MEDIAN SALES PRICE
APR
$447
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
La Crescenta DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$715,000
$816,000
$765,000
$738,000
3.2%
Average Price per Square Foot ...........................
$454
$493
$490
$512
12.8%
Properties Sold .......................................................
16
19
33
12
-25.0%
Properties Pending Sale .......................................
15
25
24
17
13.3%
Properties For Sale ................................................
19
33
32
12
-36.8%
Days on Market (Pending Sale) ...........................
43
46
47
45
4.7%
Month’s Supply of Inventory ................................
1.2
1.7
1
1
-15.8%
Percent Under Contract ........................................
78.9%
75.8%
75.0%
141.7%
79.4%
Average Median Price for Last 12 Months ........
$748,333
$801,167
$772,000
$785,538
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
$715
JAN
$738,000
FEB MAR
MEDIAN SALES PRICE
APR
$512
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$738 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
North Hollywood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$500,000
$505,000
$520,000
$590,000
18.0%
Average Price per Square Foot ...........................
$371
$391
$352
$397
7.0%
Properties Sold .......................................................
29
38
29
33
13.8%
Properties Pending Sale .......................................
46
42
36
27
-41.3%
Properties For Sale ................................................
54
49
65
50
-7.4%
Days on Market (Pending Sale) ...........................
65
60
46
42
-35.4%
Month’s Supply of Inventory ................................
1.9
1.3
2.2
1.5
-18.6%
Percent Under Contract ........................................
85.2%
85.7%
55.4%
54.0%
-36.6%
Average Median Price for Last 12 Months ........
$485,292
$534,333
$552,000
$521,769
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
$500
JAN
$590,000
FEB MAR
MEDIAN SALES PRICE
APR
$397
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Shadow Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$564,000
$653,000
$758,000
$782,000
38.7%
Average Price per Square Foot ...........................
$335
$395
$318
$344
2.7%
Properties Sold .......................................................
2
4
4
6
200.0%
Properties Pending Sale .......................................
4
4
3
7
75.0%
Properties For Sale ................................................
12
17
14
10
-16.7%
Days on Market (Pending Sale) ...........................
100
38
80
94
-6.0%
Month’s Supply of Inventory ................................
6
4.2
3.5
1.7
-72.2%
Percent Under Contract ........................................
33.3%
23.5%
21.4%
70.0%
110.0%
Average Median Price for Last 12 Months ........
$705,364
$710,833
$705,667
$746,077
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
$564
JAN
$782,000
FEB MAR
MEDIAN SALES PRICE
APR
$344
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Sherman Oaks DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$895,000
$1,100,000
$1,304,000
$1,195,000
33.5%
Average Price per Square Foot ...........................
$461
$528
$520
$503
9.1%
Properties Sold .......................................................
55
65
56
43
-21.8%
Properties Pending Sale .......................................
42
60
69
48
14.3%
Properties For Sale ................................................
104
161
158
105
1.0%
Days on Market (Pending Sale) ...........................
59
50
60
69
16.9%
Month’s Supply of Inventory ................................
1.9
2.5
2.8
2.4
29.1%
Percent Under Contract ........................................
40.4%
37.3%
43.7%
45.7%
13.2%
Average Median Price for Last 12 Months ........
$960,688
$1,192,000
$1,177,333
$1,125,462
17.2%
*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
$895
JAN
$1,195,000
FEB MAR
MEDIAN SALES PRICE
APR
$503
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Studio City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,268,000
$1,265,000
$1,550,000
$1,293,000
2.0%
Average Price per Square Foot ...........................
$568
$589
$626
$597
5.1%
Properties Sold .......................................................
30
30
29
24
-20.0%
Properties Pending Sale .......................................
24
36
44
20
-16.7%
Properties For Sale ................................................
65
96
97
51
-21.5%
Days on Market (Pending Sale) ...........................
51
51
43
75
47.1%
Month’s Supply of Inventory ................................
2.2
3.2
3.3
2.1
-1.9%
Percent Under Contract ........................................
36.9%
37.5%
45.4%
39.2%
6.2%
Average Median Price for Last 12 Months ........
$1,288,542
$1,425,167
$1,320,333
$1,392,462
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.268
JAN
$1,293,000
FEB MAR
MEDIAN SALES PRICE
APR
$597
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.293 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Sun Valley DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$430,000
$464,000
$490,000
$475,000
10.5%
Average Price per Square Foot ...........................
$337
$359
$317
$336
-0.3%
Properties Sold .......................................................
20
25
14
19
-5.0%
Properties Pending Sale .......................................
20
22
18
16
-20.0%
Properties For Sale ................................................
25
24
31
21
-16.0%
Days on Market (Pending Sale) ...........................
51
35
39
60
17.6%
Month’s Supply of Inventory ................................
1.2
1
2.2
1.1
-11.6%
Percent Under Contract ........................................
80.0%
91.7%
58.1%
76.2%
-4.8%
Average Median Price for Last 12 Months ........
$436,167
$493,500
$496,000
$476,692
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
$430
JAN
$475,000
FEB MAR
MEDIAN SALES PRICE
APR
$336
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.1 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 2016
telesproperties.com
Sunland/Tujunga DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$505,000
$524,000
$576,000
$562,000
11.3%
Average Price per Square Foot ...........................
$358
$366
$358
$380
6.1%
Properties Sold .......................................................
40
34
41
26
-35.0%
Properties Pending Sale .......................................
28
39
36
23
-17.9%
Properties For Sale ................................................
48
72
80
42
-12.5%
Days on Market (Pending Sale) ...........................
59
44
55
55
-6.8%
Month’s Supply of Inventory ................................
1.2
2.1
2
1.6
34.6%
Percent Under Contract ........................................
58.3%
54.2%
45.0%
54.8%
-6.1%
Average Median Price for Last 12 Months ........
$493,042
$569,667
$575,667
$544,769
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$505
JAN
$562,000
FEB MAR
MEDIAN SALES PRICE
APR
$380
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Tarzana DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$822,000
$980,000
$830,000
$1,083,000
31.8%
Average Price per Square Foot ...........................
$348
$387
$424
$399
14.7%
Properties Sold .......................................................
20
35
33
22
10.0%
Properties Pending Sale .......................................
29
25
24
25
-13.8%
Properties For Sale ................................................
66
108
95
60
-9.1%
Days on Market (Pending Sale) ...........................
84
66
64
66
-21.4%
Month’s Supply of Inventory ................................
3.3
3.1
2.9
2.7
-17.4%
Percent Under Contract ........................................
43.9%
23.1%
25.3%
41.7%
-5.2%
Average Median Price for Last 12 Months ........
$899,583
$1,068,000
$1,089,000
$993,077
10.4%
*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
$822
JAN
$1,083,000
FEB MAR
MEDIAN SALES PRICE
APR
$399
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.083 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Toluca Lake DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$953,000
$895,000
$788,000
$1,065,000
11.8%
Average Price per Square Foot ...........................
$596
$726
$484
$495
-16.9%
Properties Sold .......................................................
4
5
4
2
-50.0%
Properties Pending Sale .......................................
4
6
6
3
-25.0%
Properties For Sale ................................................
12
21
21
14
16.7%
Days on Market (Pending Sale) ...........................
27
68
51
67
148.1%
Month’s Supply of Inventory ................................
3
4.2
5.2
7
133.3%
Percent Under Contract ........................................
33.3%
28.6%
28.6%
21.4%
-35.7%
Average Median Price for Last 12 Months ........
$1,058,958
$1,429,167
$1,345,000
$1,347,231
27.2%
*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
$1,065,000
FEB MAR
MEDIAN SALES PRICE
APR
$495
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Valley Village DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$960,000
$901,000
$945,000
$865,000
-9.9%
Average Price per Square Foot ...........................
$472
$476
$490
$479
1.5%
Properties Sold .......................................................
9
22
20
23
155.6%
Properties Pending Sale .......................................
11
25
21
9
-18.2%
Properties For Sale ................................................
13
38
37
28
115.4%
Days on Market (Pending Sale) ...........................
62
40
56
42
-32.3%
Month’s Supply of Inventory ................................
1.4
1.7
1.8
1.2
-15.7%
Percent Under Contract ........................................
84.6%
65.8%
56.8%
32.1%
-62.0%
Average Median Price for Last 12 Months ........
$862,083
$904,000
$836,667
$887,769
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 DEC
$960
JAN
$865,000
FEB MAR
MEDIAN SALES PRICE
APR
$479
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Westlake Village DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,109,000
$1,165,000
$1,225,000
$1,150,000
3.7%
Average Price per Square Foot ...........................
$414
$440
$431
$408
-1.4%
Properties Sold .......................................................
26
48
36
17
-34.6%
Properties Pending Sale .......................................
26
37
37
20
-23.1%
Properties For Sale ................................................
73
127
118
90
23.3%
Days on Market (Pending Sale) ...........................
79
67
71
98
24.1%
Month’s Supply of Inventory ................................
2.8
2.6
3.3
5.3
88.6%
Percent Under Contract ........................................
35.6%
29.1%
31.4%
22.2%
-37.6%
Average Median Price for Last 12 Months ........
$1,115,250
$1,261,833
$1,164,333
$1,179,154
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
$1.109
JAN
$1,150,000
FEB MAR
MEDIAN SALES PRICE
APR
$408
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.3 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 2016
telesproperties.com
Woodland Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$770,000
$760,000
$770,000
$755,000
-1.9%
Average Price per Square Foot ...........................
$351
$357
$363
$360
2.6%
Properties Sold .......................................................
61
80
63
57
-6.6%
Properties Pending Sale .......................................
46
73
64
42
-8.7%
Properties For Sale ................................................
114
189
200
106
-7.0%
Days on Market (Pending Sale) ...........................
72
60
51
68
-5.6%
Month’s Supply of Inventory ................................
1.9
2.4
3.2
1.9
-0.5%
Percent Under Contract ........................................
40.4%
38.6%
32.0%
39.6%
-1.8%
Average Median Price for Last 12 Months ........
$724,250
$758,333
$756,333
$766,846
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
$770
JAN
$755,000
FEB MAR
MEDIAN SALES PRICE
APR
$360
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$755 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,000,917
$1,014,583
$987,417
$1,038,500
3.8%
Average Price per Square Foot ...........................
$508
$539
$518
$533
4.9%
Properties Sold .......................................................
26
28
25
24
-10.8%
Properties Pending Sale .......................................
20
29
25
21
1.7%
Properties For Sale ................................................
50
75
70
48
-5.1%
Days on Market (Pending Sale) ...........................
60
52
50
53
-11.0%
Month’s Supply of Inventory ................................
1.9
2.7
2.7
2
6.3%
Percent Under Contract ........................................
40.1%
38.9%
35.6%
42.9%
7.2%
Average Median Price for Last 12 Months ........
$991,735
$1,023,139
$1,030,500
$1,013,058
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
$1.000
JAN
$1,038,500
FEB MAR
MEDIAN SALES PRICE
APR
$533
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.038 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Alhambra DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$570,000
$610,000
$674,000
$673,000
18.1%
Average Price per Square Foot ...........................
$410
$431
$445
$429
4.6%
Properties Sold .......................................................
17
18
15
14
-17.6%
Properties Pending Sale .......................................
11
21
15
15
36.4%
Properties For Sale ................................................
43
54
48
36
-16.3%
Days on Market (Pending Sale) ...........................
45
54
48
61
35.6%
Month’s Supply of Inventory ................................
2.5
3
3.2
2.6
1.7%
Percent Under Contract ........................................
25.6%
38.9%
31.2%
41.7%
62.9%
Average Median Price for Last 12 Months ........
$550,833
$650,000
$660,000
$615,538
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$570
JAN
$673,000
FEB MAR
MEDIAN SALES PRICE
APR
$429
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$673 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Altadena DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$700,000
$632,000
$735,000
$775,000
10.7%
Average Price per Square Foot ...........................
$443
$446
$428
$447
0.9%
Properties Sold .......................................................
43
29
43
29
-32.6%
Properties Pending Sale .......................................
34
39
43
24
-29.4%
Properties For Sale ................................................
38
72
53
36
-5.3%
Days on Market (Pending Sale) ...........................
57
36
62
64
12.3%
Month’s Supply of Inventory ................................
0.9
2.5
1.2
1.2
40.5%
Percent Under Contract ........................................
89.5%
54.2%
81.1%
66.7%
-25.5%
Average Median Price for Last 12 Months ........
$680,167
$768,333
$785,000
$738,154
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$700
JAN
$775,000
FEB MAR
MEDIAN SALES PRICE
APR
$447
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Arcadia DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,350,000
$1,100,000
$1,169,000
$1,093,000
-19.0%
Average Price per Square Foot ...........................
$570
$623
$532
$545
-4.4%
Properties Sold .......................................................
44
39
48
27
-38.6%
Properties Pending Sale .......................................
35
37
28
26
-25.7%
Properties For Sale ................................................
161
237
218
163
1.2%
Days on Market (Pending Sale) ...........................
69
63
42
74
7.2%
Month’s Supply of Inventory ................................
3.7
6.1
4.5
6
65.0%
Percent Under Contract ........................................
21.7%
15.6%
12.8%
16.0%
-26.6%
Average Median Price for Last 12 Months ........
$1,303,375
$1,282,167
$1,175,333
$1,231,385
-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
$1.350
JAN
$1,093,000
FEB MAR
MEDIAN SALES PRICE
APR
$545
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.093 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Duarte DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$510,000
$499,000
$449,000
$478,000
-6.3%
Average Price per Square Foot ...........................
$348
$336
$391
$344
-1.1%
Properties Sold .......................................................
11
16
19
12
9.1%
Properties Pending Sale .......................................
9
15
14
7
-22.2%
Properties For Sale ................................................
36
29
37
22
-38.9%
Days on Market (Pending Sale) ...........................
61
35
45
48
-21.3%
Month’s Supply of Inventory ................................
3.3
1.8
1.9
1.8
-44.0%
Percent Under Contract ........................................
25.0%
51.7%
37.8%
31.8%
27.3%
Average Median Price for Last 12 Months ........
$457,667
$483,833
$486,000
$474,538
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
$510
JAN
$478,000
FEB MAR
MEDIAN SALES PRICE
APR
$344
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$478 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Eagle Rock DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$716,000
$810,000
$700,000
$885,000
23.6%
Average Price per Square Foot ...........................
$519
$520
$485
$587
13.1%
Properties Sold .......................................................
19
21
15
10
-47.4%
Properties Pending Sale .......................................
9
24
18
7
-22.2%
Properties For Sale ................................................
24
28
28
17
-29.2%
Days on Market (Pending Sale) ...........................
59
48
54
56
-5.1%
Month’s Supply of Inventory ................................
1.3
1.3
1.9
1.7
34.6%
Percent Under Contract ........................................
37.5%
85.7%
64.3%
41.2%
9.8%
Average Median Price for Last 12 Months ........
$697,833
$809,500
$837,333
$776,538
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$716
JAN
$885,000
FEB MAR
MEDIAN SALES PRICE
APR
$587
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
La Canada Flintridge DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,571,000
$1,615,000
$1,663,000
$1,608,000
2.4%
Average Price per Square Foot ...........................
$612
$626
$644
$593
-3.1%
Properties Sold .......................................................
20
23
16
16
-20.0%
Properties Pending Sale .......................................
18
32
22
18
0.0%
Properties For Sale ................................................
34
67
48
25
-26.5%
Days on Market (Pending Sale) ...........................
54
44
42
60
11.1%
Month’s Supply of Inventory ................................
1.7
2.9
3
1.6
-8.1%
Percent Under Contract ........................................
52.9%
47.8%
45.8%
72.0%
36.0%
Average Median Price for Last 12 Months ........
$1,625,668
$1,737,000
$1,770,667
$1,668,692
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
$1.571
JAN
$1,608,000
FEB MAR
MEDIAN SALES PRICE
APR
$593
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.608 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Monrovia DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$610,000
$684,000
$640,000
$660,000
8.2%
Average Price per Square Foot ...........................
$402
$409
$438
$410
2.0%
Properties Sold .......................................................
23
32
16
23
0.0%
Properties Pending Sale .......................................
21
32
28
24
14.3%
Properties For Sale ................................................
46
54
52
35
-23.9%
Days on Market (Pending Sale) ...........................
68
50
44
54
-20.6%
Month’s Supply of Inventory ................................
2
1.7
3.2
1.5
-23.9%
Percent Under Contract ........................................
45.7%
59.3%
53.8%
68.6%
50.2%
Average Median Price for Last 12 Months ........
$617,833
$632,000
$634,000
$628,692
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
$610
JAN
$660,000
FEB MAR
MEDIAN SALES PRICE
APR
$410
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Pasadena DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$810,000
$885,000
$858,000
$856,000
5.7%
Average Price per Square Foot ...........................
$514
$545
$538
$524
1.9%
Properties Sold .......................................................
80
101
81
96
20.0%
Properties Pending Sale .......................................
65
91
76
70
7.7%
Properties For Sale ................................................
123
213
208
143
16.3%
Days on Market (Pending Sale) ...........................
65
47
51
53
-18.5%
Month’s Supply of Inventory ................................
1.5
2.1
2.6
1.5
-3.1%
Percent Under Contract ........................................
52.8%
42.7%
36.5%
49.0%
-7.4%
Average Median Price for Last 12 Months ........
$783,083
$851,667
$862,000
$846,154
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$810
JAN
$856,000
FEB MAR
MEDIAN SALES PRICE
APR
$524
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$856 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Gabriel DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$757,000
$713,000
$685,000
$868,000
14.7%
Average Price per Square Foot ...........................
$433
$433
$431
$453
4.6%
Properties Sold .......................................................
20
22
25
23
15.0%
Properties Pending Sale .......................................
20
27
20
24
20.0%
Properties For Sale ................................................
47
60
59
37
-21.3%
Days on Market (Pending Sale) ...........................
63
78
50
32
-49.2%
Month’s Supply of Inventory ................................
2.4
2.7
2.4
1.6
-31.5%
Percent Under Contract ........................................
42.6%
45.0%
33.9%
64.9%
52.4%
Average Median Price for Last 12 Months ........
$717,625
$725,500
$759,333
$736,000
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$757
JAN
$868,000
FEB MAR
MEDIAN SALES PRICE
APR
$453
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$868 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Marino DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,139,000
$2,450,000
$2,054,000
$2,275,000
6.4%
Average Price per Square Foot ...........................
$833
$921
$805
$933
12.0%
Properties Sold .......................................................
11
14
10
12
9.1%
Properties Pending Sale .......................................
6
13
13
11
83.3%
Properties For Sale ................................................
33
46
43
31
-6.1%
Days on Market (Pending Sale) ...........................
46
68
51
47
2.2%
Month’s Supply of Inventory ................................
3
3.3
4.3
2.6
-13.9%
Percent Under Contract ........................................
18.2%
28.3%
30.2%
35.5%
95.2%
Average Median Price for Last 12 Months ........
$2,297,500
$2,086,667
$2,132,333
$2,197,846
-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
$2.139
JAN
$2,275,000
FEB MAR
MEDIAN SALES PRICE
APR
$933
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Sierra Madre DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,020,000
$913,000
$1,150,000
$947,000
-7.2%
Average Price per Square Foot ...........................
$464
$558
$491
$512
10.3%
Properties Sold .......................................................
15
12
7
5
-66.7%
Properties Pending Sale .......................................
7
6
10
6
-14.3%
Properties For Sale ................................................
8
26
19
18
125.0%
Days on Market (Pending Sale) ...........................
66
46
69
46
-30.3%
Month’s Supply of Inventory ................................
0.5
2.2
2.7
3.6
575.0%
Percent Under Contract ........................................
87.5%
23.1%
52.6%
33.3%
-61.9%
Average Median Price for Last 12 Months ........
$960,333
$1,027,500
$992,333
$1,017,462
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
$1.020
JAN
$947,000
FEB MAR
MEDIAN SALES PRICE
APR
$512
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$947 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
South Pasadena DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,258,000
$1,264,000
$1,072,000
$1,344,000
6.8%
Average Price per Square Foot ...........................
$551
$616
$592
$619
12.3%
Properties Sold .......................................................
13
14
10
15
15.4%
Properties Pending Sale .......................................
7
15
11
14
100.0%
Properties For Sale ................................................
11
18
25
10
-9.1%
Days on Market (Pending Sale) ...........................
62
55
42
41
-33.9%
Month’s Supply of Inventory ................................
0.8
1.3
2.5
0.7
-21.2%
Percent Under Contract ........................................
63.6%
83.3%
44.0%
140.0%
120.0%
Average Median Price for Last 12 Months ........
$1,208,899
$1,223,500
$1,271,667
$1,225,692
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.258
JAN
$1,344,000
FEB MAR
MEDIAN SALES PRICE
APR
$619
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
0.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.344 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : December 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : December 2016
telesproperties.com
Orange County DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$700,000
$750,000
$733,500
$740,000
5.7%
Average Price per Square Foot ...........................
$424
$432
$425
$450
6.1%
Properties Sold .......................................................
1508
1952
1666
1552
2.9%
Properties Pending Sale .......................................
1158
1806
1735
1123
-3.0%
Properties For Sale ................................................
4,940
7,493
7,228
4,797
-2.9%
Days on Market (Pending Sale) ...........................
64
50
53
62
-3.1%
Month’s Supply of Inventory ................................
3.3
3.8
4.3
3.1
-5.6%
Percent Under Contract ........................................
23.4%
24.1%
24.0%
23.4%
-0.1%
Average Median Price for Last 12 Months ........
$692,833
$737,242
$738,317
$726,535
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
$700
JAN
$740,000
FEB MAR
MEDIAN SALES PRICE
APR
$450
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Aliso Viejo DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$800,000
$780,000
$800,000
$745,000
-6.9%
Average Price per Square Foot ...........................
$364
$368
$376
$386
6.0%
Properties Sold .......................................................
13
39
25
14
7.7%
Properties Pending Sale .......................................
16
29
15
8
-50.0%
Properties For Sale ................................................
49
85
55
30
-38.8%
Days on Market (Pending Sale) ...........................
50
38
43
53
6.0%
Month’s Supply of Inventory ................................
3.8
2.2
2.2
2.1
-43.1%
Percent Under Contract ........................................
32.7%
34.1%
27.3%
26.7%
-18.3%
Average Median Price for Last 12 Months ........
$734,542
$791,750
$783,500
$775,288
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
$800
JAN
$745,000
FEB MAR
MEDIAN SALES PRICE
APR
$386
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Balboa Peninsula DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$3,500,000
$4,250,000
$2,875,000
$3,687,500
5.4%
Average Price per Square Foot ...........................
$1,334
$1,676
$1,200
$1,434
7.5%
Properties Sold .......................................................
7
6
4
2
-71.4%
Properties Pending Sale .......................................
2
5
9
6
200.0%
Properties For Sale ................................................
27
56
51
38
40.7%
Days on Market (Pending Sale) ...........................
40
94
160
88
120.0%
Month’s Supply of Inventory ................................
3.9
9.3
12.8
19
392.6%
Percent Under Contract ........................................
7.4%
8.9%
17.6%
15.8%
113.2%
Average Median Price for Last 12 Months ........
$2,724,750
$3,246,250
$3,220,834
$3,593,846
31.9%
*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
$3.500
JAN
$3,687,500
FEB MAR
MEDIAN SALES PRICE
APR
$1,434
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
19 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.687 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 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,211,000
$2,700,000
$3,200,000
$2,905,000
31.4%
Average Price per Square Foot ...........................
$953
$1,048
$1,101
$1,075
12.8%
Properties Sold .......................................................
12
19
7
12
0.0%
Properties Pending Sale .......................................
7
14
12
9
28.6%
Properties For Sale ................................................
81
94
81
61
-24.7%
Days on Market (Pending Sale) ...........................
109
56
170
99
-9.2%
Month’s Supply of Inventory ................................
6.8
4.9
11.6
5.1
-24.7%
Percent Under Contract ........................................
8.6%
14.9%
14.8%
14.8%
70.7%
Average Median Price for Last 12 Months ........
$2,466,400
$2,906,667
$2,805,000
$2,828,731
14.7%
*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
$2.211
JAN
$2,905,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,075
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Coto de Caza DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,092,000
$1,212,500
$1,250,000
$1,172,500
7.4%
Average Price per Square Foot ...........................
$329
$371
$363
$323
-1.8%
Properties Sold .......................................................
15
35
22
10
-33.3%
Properties Pending Sale .......................................
10
25
21
15
50.0%
Properties For Sale ................................................
95
154
126
88
-7.4%
Days on Market (Pending Sale) ...........................
122
74
78
129
5.7%
Month’s Supply of Inventory ................................
6.3
4.4
5.7
8.8
38.9%
Percent Under Contract ........................................
10.5%
16.2%
16.7%
17.0%
61.9%
Average Median Price for Last 12 Months ........
$1,159,031
$1,205,421
$1,179,167
$1,178,967
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
$1.092
JAN
$1,172,500
FEB MAR
MEDIAN SALES PRICE
APR
$323
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.172 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Crystal Cove DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$12,500,000
$4,400,000
$0
$8,650,000
-30.8%
Average Price per Square Foot ...........................
$1,152
$1,124
$0
$1,406
22.0%
Properties Sold .......................................................
1
3
0
4
300.0%
Properties Pending Sale .......................................
2
3
1
1
-50.0%
Properties For Sale ................................................
15
21
23
20
33.3%
Days on Market (Pending Sale) ...........................
152
184
46
55
-63.8%
Month’s Supply of Inventory ................................
15
7
n/a
5
-66.7%
Percent Under Contract ........................................
13.3%
14.3%
4.3%
5.0%
-62.5%
Average Median Price for Last 12 Months ........
$7,506,494
$7,609,550
$7,358,333
$7,622,876
1.6%
*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 $12.500
DEC JAN
$8,650,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,406
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$8.650 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 2016
telesproperties.com
Dana Point DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$924,400
$1,112,500
$923,750
$940,000
1.7%
Average Price per Square Foot ...........................
$618
$726
$654
$612
-1.0%
Properties Sold .......................................................
21
34
22
29
38.1%
Properties Pending Sale .......................................
12
21
22
15
25.0%
Properties For Sale ................................................
124
194
192
138
11.3%
Days on Market (Pending Sale) ...........................
95
73
74
106
11.6%
Month’s Supply of Inventory ................................
5.9
5.7
8.7
4.8
-19.4%
Percent Under Contract ........................................
9.7%
10.8%
11.5%
10.9%
12.3%
Average Median Price for Last 12 Months ........
$1,039,854
$965,292
$903,833
$1,010,388
-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
$924
JAN
$940,000
FEB MAR
MEDIAN SALES PRICE
APR
$612
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2016
telesproperties.com
East Bluff - Harbor View DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,488,750
$1,875,000
$1,884,112
$1,950,000
-21.6%
Average Price per Square Foot ...........................
$713
$647
$752
$634
-11.1%
Properties Sold .......................................................
13
21
20
21
61.5%
Properties Pending Sale .......................................
12
21
16
9
-25.0%
Properties For Sale ................................................
75
128
120
80
6.7%
Days on Market (Pending Sale) ...........................
85
55
51
74
-12.9%
Month’s Supply of Inventory ................................
5.8
6.1
6
3.8
-34.0%
Percent Under Contract ........................................
16.0%
16.4%
13.3%
11.2%
-29.7%
Average Median Price for Last 12 Months ........
$1,800,312
$1,812,602
$1,797,833
$1,893,412
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.488
DEC JAN
$1,950,000
FEB MAR
MEDIAN SALES PRICE
APR
$634
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
East Costa Mesa DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,152,500
$1,050,000
$880,000
$1,050,000
-8.9%
Average Price per Square Foot ...........................
$576
$570
$558
$548
-4.9%
Properties Sold .......................................................
16
15
15
9
-43.8%
Properties Pending Sale .......................................
9
11
11
9
0.0%
Properties For Sale ................................................
37
66
60
41
10.8%
Days on Market (Pending Sale) ...........................
94
58
66
97
3.2%
Month’s Supply of Inventory ................................
2.3
4.4
4
4.6
97.0%
Percent Under Contract ........................................
24.3%
16.7%
18.3%
22.0%
-9.8%
Average Median Price for Last 12 Months ........
$953,021
$1,039,307
$1,035,417
$1,028,645
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.152
JAN
$1,050,000
FEB MAR
MEDIAN SALES PRICE
APR
$548
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Fountain Valley DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$692,000
$731,000
$770,000
$780,000
12.7%
Average Price per Square Foot ...........................
$358
$369
$368
$361
0.8%
Properties Sold .......................................................
21
30
23
29
38.1%
Properties Pending Sale .......................................
18
29
26
22
22.2%
Properties For Sale ................................................
56
76
72
52
-7.1%
Days on Market (Pending Sale) ...........................
40
39
31
38
-5.0%
Month’s Supply of Inventory ................................
2.7
2.5
3.1
1.8
-32.8%
Percent Under Contract ........................................
32.1%
38.2%
36.1%
42.3%
31.6%
Average Median Price for Last 12 Months ........
$716,325
$764,742
$777,317
$736,573
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
$692
JAN
$780,000
FEB MAR
MEDIAN SALES PRICE
APR
$361
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 2016
telesproperties.com
Huntington Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$812,500
$845,000
$800,000
$823,500
1.4%
Average Price per Square Foot ...........................
$483
$453
$464
$470
-2.7%
Properties Sold .......................................................
104
122
119
103
-1.0%
Properties Pending Sale .......................................
68
122
127
67
-1.5%
Properties For Sale ................................................
285
427
382
229
-19.6%
Days on Market (Pending Sale) ...........................
53
51
61
50
-5.7%
Month’s Supply of Inventory ................................
2.7
3.5
3.2
2.2
-18.9%
Percent Under Contract ........................................
23.9%
28.6%
33.2%
29.3%
22.6%
Average Median Price for Last 12 Months ........
$792,213
$815,000
$817,500
$812,650
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
$812
JAN
$823,500
FEB MAR
MEDIAN SALES PRICE
APR
$470
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$823 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Irvine DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,016,500
$1,160,000
$1,019,888
$1,081,500
6.4%
Average Price per Square Foot ...........................
$442
$478
$498
$475
7.5%
Properties Sold .......................................................
78
114
113
98
25.6%
Properties Pending Sale .......................................
76
109
99
78
2.6%
Properties For Sale ................................................
301
510
483
314
4.3%
Days on Market (Pending Sale) ...........................
79
59
56
68
-13.9%
Month’s Supply of Inventory ................................
3.9
4.5
4.3
3.2
-17.0%
Percent Under Contract ........................................
25.2%
21.4%
20.5%
24.8%
-1.6%
Average Median Price for Last 12 Months ........
$960,517
$1,057,165
$1,077,367
$1,036,655
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.016
JAN
$1,081,500
FEB MAR
MEDIAN SALES PRICE
APR
$475
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.081 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Ladera Ranch DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$784,950
$839,000
$980,000
$847,500
8.0%
Average Price per Square Foot ...........................
$344
$340
$345
$325
-5.5%
Properties Sold .......................................................
26
25
27
24
-7.7%
Properties Pending Sale .......................................
15
30
29
8
-46.7%
Properties For Sale ................................................
76
153
124
65
-14.5%
Days on Market (Pending Sale) ...........................
65
44
58
83
27.7%
Month’s Supply of Inventory ................................
2.9
6.1
4.6
2.7
-7.3%
Percent Under Contract ........................................
19.7%
19.6%
23.4%
12.3%
-37.6%
Average Median Price for Last 12 Months ........
$864,858
$892,500
$839,167
$857,458
-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
$784
JAN
$847,500
FEB MAR
MEDIAN SALES PRICE
APR
$325
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$847 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Laguna Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,895,000
$1,685,000
$1,834,500
$2,000,000
5.5%
Average Price per Square Foot ...........................
$996
$1,037
$1,056
$878
-11.8%
Properties Sold .......................................................
30
23
24
27
-10.0%
Properties Pending Sale .......................................
19
29
27
23
21.1%
Properties For Sale ................................................
194
302
281
190
-2.1%
Days on Market (Pending Sale) ...........................
124
85
139
111
-10.5%
Month’s Supply of Inventory ................................
6.5
13.1
11.7
7
8.8%
Percent Under Contract ........................................
9.8%
9.6%
9.6%
12.1%
23.6%
Average Median Price for Last 12 Months ........
$1,925,790
$1,863,250
$1,933,333
$1,921,808
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.895
JAN
$2,000,000
FEB MAR
MEDIAN SALES PRICE
APR
$878
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Laguna Niguel DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$802,500
$872,000
$932,500
$810,000
0.9%
Average Price per Square Foot ...........................
$384
$428
$423
$404
5.2%
Properties Sold .......................................................
44
57
48
47
6.8%
Properties Pending Sale .......................................
35
65
72
36
2.9%
Properties For Sale ................................................
164
316
309
187
14.0%
Days on Market (Pending Sale) ...........................
61
67
56
65
6.6%
Month’s Supply of Inventory ................................
3.7
5.5
6.4
4
6.7%
Percent Under Contract ........................................
21.3%
20.6%
23.3%
19.3%
-9.8%
Average Median Price for Last 12 Months ........
$846,604
$865,083
$841,667
$858,962
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
$802
JAN
$810,000
FEB MAR
MEDIAN SALES PRICE
APR
$404
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2016
telesproperties.com
Laguna Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$800,000
$1,007,500
$800,000
$819,000
2.4%
Average Price per Square Foot ...........................
$395
$363
$365
$388
-1.8%
Properties Sold .......................................................
27
30
24
16
-40.7%
Properties Pending Sale .......................................
14
31
22
18
28.6%
Properties For Sale ................................................
80
130
127
69
-13.8%
Days on Market (Pending Sale) ...........................
92
52
45
100
8.7%
Month’s Supply of Inventory ................................
3
4.3
5.3
4.3
45.5%
Percent Under Contract ........................................
17.5%
23.8%
17.3%
26.1%
49.1%
Average Median Price for Last 12 Months ........
$792,582
$817,308
$820,617
$808,335
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
$800
JAN
$819,000
FEB MAR
MEDIAN SALES PRICE
APR
$388
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Laguna Woods DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
1
0
1
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%
n/a
0.0%
n/a
n/a
Average Median Price for Last 12 Months ........
$187,000
n/a
n/a
$779,500
316.8%
*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 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 2016
telesproperties.com
Lantern Village in Dana Point DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$760,000
$879,000
$775,000
$949,500
24.9%
Average Price per Square Foot ...........................
$599
$464
$812
$361
-39.7%
Properties Sold .......................................................
2
4
1
2
0.0%
Properties Pending Sale .......................................
0
2
5
1
n/a
Properties For Sale ................................................
15
23
26
19
26.7%
Days on Market (Pending Sale) ...........................
0
33
44
15
n/a
Month’s Supply of Inventory ................................
7.5
5.8
26
9.5
26.7%
Percent Under Contract ........................................
0.0%
8.7%
19.2%
5.3%
n/a
Average Median Price for Last 12 Months ........
$968,708
$858,917
$856,333
$920,692
-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
$760
JAN
$949,500
FEB MAR
MEDIAN SALES PRICE
APR
$361
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
9.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,150,000
$2,625,000
$3,040,000
$3,200,000
48.8%
Average Price per Square Foot ...........................
$883
$1,089
$1,105
$1,202
36.1%
Properties Sold .......................................................
3
9
5
7
133.3%
Properties Pending Sale .......................................
2
8
6
5
150.0%
Properties For Sale ................................................
25
35
39
29
16.0%
Days on Market (Pending Sale) ...........................
172
57
115
183
6.4%
Month’s Supply of Inventory ................................
8.3
3.9
7.8
4.1
-50.3%
Percent Under Contract ........................................
8.0%
22.9%
15.4%
17.2%
115.5%
Average Median Price for Last 12 Months ........
$3,421,449
$3,330,000
$3,305,000
$3,056,346
-10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.150
JAN
$3,200,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,202
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$3.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Mission Viejo DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$650,000
$700,000
$705,000
$695,000
6.9%
Average Price per Square Foot ...........................
$353
$358
$351
$344
-2.5%
Properties Sold .......................................................
101
110
95
62
-38.6%
Properties Pending Sale .......................................
82
99
92
54
-34.1%
Properties For Sale ................................................
210
323
301
170
-19.0%
Days on Market (Pending Sale) ...........................
71
51
49
64
-9.9%
Month’s Supply of Inventory ................................
2.1
2.9
3.2
2.7
31.9%
Percent Under Contract ........................................
39.0%
30.7%
30.6%
31.8%
-18.7%
Average Median Price for Last 12 Months ........
$661,138
$694,583
$693,833
$683,115
3.3%
*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
$650
JAN
$695,000
FEB MAR
MEDIAN SALES PRICE
APR
$344
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Monarch Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,505,000
$1,550,000
$1,550,000
$1,485,000
-1.3%
Average Price per Square Foot ...........................
$725
$739
$849
$942
29.9%
Properties Sold .......................................................
4
15
9
9
125.0%
Properties Pending Sale .......................................
2
10
6
4
100.0%
Properties For Sale ................................................
63
89
92
67
6.3%
Days on Market (Pending Sale) ...........................
84
112
115
156
85.7%
Month’s Supply of Inventory ................................
15.8
5.9
10.2
7.4
-52.7%
Percent Under Contract ........................................
3.2%
11.2%
6.5%
6.0%
88.1%
Average Median Price for Last 12 Months ........
$1,576,354
$1,801,313
$1,803,458
$1,695,885
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
$1.505
JAN
$1,485,000
FEB MAR
MEDIAN SALES PRICE
APR
$942
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Nelle Gail DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$817,500
$1,007,500
$800,000
$819,000
0.2%
Average Price per Square Foot ...........................
$397
$363
$365
$388
-2.3%
Properties Sold .......................................................
26
30
24
16
-38.5%
Properties Pending Sale .......................................
14
30
21
17
21.4%
Properties For Sale ................................................
80
122
123
66
-17.5%
Days on Market (Pending Sale) ...........................
92
52
47
105
14.1%
Month’s Supply of Inventory ................................
3.1
4.1
5.1
4.1
34.1%
Percent Under Contract ........................................
17.5%
24.6%
17.1%
25.8%
47.2%
Average Median Price for Last 12 Months ........
$807,570
$822,758
$820,617
$812,196
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
$817
JAN
$819,000
FEB MAR
MEDIAN SALES PRICE
APR
$388
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Newport Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,850,000
$2,100,000
$1,953,000
$2,155,000
16.5%
Average Price per Square Foot ...........................
$803
$942
$890
$916
14.1%
Properties Sold .......................................................
45
52
53
57
26.7%
Properties Pending Sale .......................................
34
63
59
39
14.7%
Properties For Sale ................................................
239
415
401
276
15.5%
Days on Market (Pending Sale) ...........................
81
71
93
104
28.4%
Month’s Supply of Inventory ................................
5.3
8
7.6
4.8
-8.8%
Percent Under Contract ........................................
14.2%
15.2%
14.7%
14.1%
-0.7%
Average Median Price for Last 12 Months ........
$1,872,964
$1,933,833
$1,951,667
$1,961,792
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
$1.850
JAN
$2,155,000
FEB MAR
MEDIAN SALES PRICE
APR
$916
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.155 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Newport Coast DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$4,850,000
$3,160,000
$3,100,000
$2,650,000
-45.4%
Average Price per Square Foot ...........................
$1,011
$872
$812
$1,112
10.0%
Properties Sold .......................................................
13
21
7
15
15.4%
Properties Pending Sale .......................................
11
12
6
15
36.4%
Properties For Sale ................................................
85
113
117
101
18.8%
Days on Market (Pending Sale) ...........................
103
101
77
68
-34.0%
Month’s Supply of Inventory ................................
6.5
5.4
16.7
6.7
3.0%
Percent Under Contract ........................................
12.9%
10.6%
5.1%
14.9%
14.8%
Average Median Price for Last 12 Months ........
$3,270,797
$2,943,104
$2,486,208
$2,891,625
-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 $4.850
DEC JAN
$2,650,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,112
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.650 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 2016
telesproperties.com
Newport Heights DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,612,500
$2,050,000
$3,647,500
$1,520,000
-5.7%
Average Price per Square Foot ...........................
$729
$950
$788
$670
-8.1%
Properties Sold .......................................................
4
4
4
2
-50.0%
Properties Pending Sale .......................................
5
3
2
4
-20.0%
Properties For Sale ................................................
24
50
47
27
12.5%
Days on Market (Pending Sale) ...........................
58
112
56
142
144.8%
Month’s Supply of Inventory ................................
6
12.5
11.8
13.5
125.0%
Percent Under Contract ........................................
20.8%
6.0%
4.3%
14.8%
-28.9%
Average Median Price for Last 12 Months ........
$1,581,833
$1,981,354
$1,645,625
$1,787,510
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.612
JAN
$1,520,000
FEB MAR
MEDIAN SALES PRICE
APR
$670
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
13.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Rancho Santa Margarita DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$712,500
$725,000
$725,000
$725,000
1.8%
Average Price per Square Foot ...........................
$325
$330
$325
$336
3.4%
Properties Sold .......................................................
43
59
36
42
-2.3%
Properties Pending Sale .......................................
30
47
48
27
-10.0%
Properties For Sale ................................................
90
160
168
75
-16.7%
Days on Market (Pending Sale) ...........................
64
42
55
63
-1.6%
Month’s Supply of Inventory ................................
2.1
2.7
4.7
1.8
-14.7%
Percent Under Contract ........................................
33.3%
29.4%
28.6%
36.0%
8.0%
Average Median Price for Last 12 Months ........
$678,313
$729,583
$725,000
$722,981
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$712
JAN
$725,000
FEB MAR
MEDIAN SALES PRICE
APR
$336
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.8 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 2016
telesproperties.com
San Clemente DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$914,932
$1,000,000
$870,000
$965,000
5.5%
Average Price per Square Foot ...........................
$422
$400
$390
$400
-5.2%
Properties Sold .......................................................
49
71
78
65
32.7%
Properties Pending Sale .......................................
40
73
71
39
-2.5%
Properties For Sale ................................................
220
384
331
212
-3.6%
Days on Market (Pending Sale) ...........................
74
69
71
80
8.1%
Month’s Supply of Inventory ................................
4.5
5.4
4.2
3.3
-27.4%
Percent Under Contract ........................................
18.2%
19.0%
21.5%
18.4%
1.2%
Average Median Price for Last 12 Months ........
$891,979
$921,520
$938,333
$923,504
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$914
JAN
$965,000
FEB MAR
MEDIAN SALES PRICE
APR
$400
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Juan Capistrano DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,072,500
$1,054,000
$1,050,000
$973,000
-9.3%
Average Price per Square Foot ...........................
$327
$390
$355
$387
18.3%
Properties Sold .......................................................
16
46
34
37
131.2%
Properties Pending Sale .......................................
18
35
34
28
55.6%
Properties For Sale ................................................
125
213
197
139
11.2%
Days on Market (Pending Sale) ...........................
79
69
60
78
-1.3%
Month’s Supply of Inventory ................................
7.8
4.6
5.8
3.8
-51.9%
Percent Under Contract ........................................
14.4%
16.4%
17.3%
20.1%
39.9%
Average Median Price for Last 12 Months ........
$886,188
$967,500
$978,333
$969,559
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
$1.072
JAN
$973,000
FEB MAR
MEDIAN SALES PRICE
APR
$387
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$973 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Shady Canyon DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,700,000
$2,180,000
$2,000,000
$2,124,000
24.9%
Average Price per Square Foot ...........................
$564
$654
$668
$659
16.8%
Properties Sold .......................................................
5
15
21
10
100.0%
Properties Pending Sale .......................................
7
18
9
14
100.0%
Properties For Sale ................................................
65
105
102
90
38.5%
Days on Market (Pending Sale) ...........................
79
110
89
102
29.1%
Month’s Supply of Inventory ................................
13
7
4.9
9
-30.8%
Percent Under Contract ........................................
10.8%
17.1%
8.8%
15.6%
44.4%
Average Median Price for Last 12 Months ........
$2,188,020
$1,851,917
$1,708,000
$1,835,269
-16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.700
JAN
$2,124,000
FEB MAR
MEDIAN SALES PRICE
APR
$659
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.124 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Turtle Ridge DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,295,000
$2,425,000
$1,893,650
$2,248,000
-2.0%
Average Price per Square Foot ...........................
$643
$662
$641
$655
1.9%
Properties Sold .......................................................
2
6
4
3
50.0%
Properties Pending Sale .......................................
2
5
3
4
100.0%
Properties For Sale ................................................
13
19
21
26
100.0%
Days on Market (Pending Sale) ...........................
140
74
58
64
-54.3%
Month’s Supply of Inventory ................................
6.5
3.2
5.2
8.7
33.3%
Percent Under Contract ........................................
15.4%
26.3%
14.3%
15.4%
0.0%
Average Median Price for Last 12 Months ........
$2,093,083
$2,545,330
$2,586,500
$2,706,968
29.3%
*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
$2.295
JAN
$2,248,000
FEB MAR
MEDIAN SALES PRICE
APR
$655
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.248 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Turtle Rock DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,695,000
$1,660,000
$2,200,000
$1,915,000
13.0%
Average Price per Square Foot ...........................
$530
$655
$683
$653
23.2%
Properties Sold .......................................................
1
9
16
8
700.0%
Properties Pending Sale .......................................
5
10
7
6
20.0%
Properties For Sale ................................................
43
72
75
53
23.3%
Days on Market (Pending Sale) ...........................
70
111
117
135
92.9%
Month’s Supply of Inventory ................................
43
8
4.7
6.6
-84.6%
Percent Under Contract ........................................
11.6%
13.9%
9.3%
11.3%
-2.6%
Average Median Price for Last 12 Months ........
$1,456,532
$1,666,917
$1,585,000
$1,850,923
27.1%
*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
$1.695
JAN
$1,915,000
FEB MAR
MEDIAN SALES PRICE
APR
$653
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Westminster DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$567,500
$620,000
$658,500
$592,000
4.3%
Average Price per Square Foot ...........................
$338
$374
$398
$404
19.5%
Properties Sold .......................................................
44
34
36
40
-9.1%
Properties Pending Sale .......................................
25
30
39
21
-16.0%
Properties For Sale ................................................
86
85
104
60
-30.2%
Days on Market (Pending Sale) ...........................
46
34
30
30
-34.8%
Month’s Supply of Inventory ................................
2
2.5
2.9
1.5
-23.3%
Percent Under Contract ........................................
29.1%
35.3%
37.5%
35.0%
20.4%
Average Median Price for Last 12 Months ........
$558,654
$610,000
$607,333
$595,192
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
$567
JAN
$592,000
FEB MAR
MEDIAN SALES PRICE
APR
$404
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$592 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,650,000
$1,201,500
$1,525,000
$1,766,500
7.1%
Average Price per Square Foot ...........................
$628
$596
$729
$639
1.8%
Properties Sold .......................................................
15
5
13
11
-26.7%
Properties Pending Sale .......................................
10
15
15
9
-10.0%
Properties For Sale ................................................
51
81
76
49
-3.9%
Days on Market (Pending Sale) ...........................
94
92
102
115
22.3%
Month’s Supply of Inventory ................................
3.4
16.2
5.8
4.5
31.0%
Percent Under Contract ........................................
19.6%
18.5%
19.7%
18.4%
-6.3%
Average Median Price for Last 12 Months ........
$1,604,146
$1,672,750
$1,662,167
$1,609,731
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
$1.650
JAN
$1,766,500
FEB MAR
MEDIAN SALES PRICE
APR
$639
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.766 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
West Newport - Lido DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,025,000
$1,720,000
$3,925,000
$2,972,500
46.8%
Average Price per Square Foot ...........................
$845
$1,354
$1,427
$1,438
70.2%
Properties Sold .......................................................
3
7
7
14
366.7%
Properties Pending Sale .......................................
3
11
10
6
100.0%
Properties For Sale ................................................
36
64
67
53
47.2%
Days on Market (Pending Sale) ...........................
32
61
88
58
81.2%
Month’s Supply of Inventory ................................
12
9.1
9.6
3.8
-68.5%
Percent Under Contract ........................................
8.3%
17.2%
14.9%
11.3%
35.8%
Average Median Price for Last 12 Months ........
$2,307,708
$2,706,500
$2,273,833
$2,425,923
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
$2.025
JAN
$2,972,500
FEB MAR
MEDIAN SALES PRICE
APR
$1,438
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.972 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
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 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : December 2016
telesproperties.com
Carpinteria DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$790,000
$910,000
$1,037,000
$879,000
11.3%
Average Price per Square Foot ...........................
$530
$850
$1,350
$964
81.9%
Properties Sold .......................................................
7
13
4
7
0.0%
Properties Pending Sale .......................................
2
9
6
4
100.0%
Properties For Sale ................................................
23
41
47
34
47.8%
Days on Market (Pending Sale) ...........................
10
58
66
58
480.0%
Month’s Supply of Inventory ................................
3.3
3.2
11.8
4.9
47.8%
Percent Under Contract ........................................
8.7%
22.0%
12.8%
11.8%
35.3%
Average Median Price for Last 12 Months ........
$950,619
$954,958
$966,750
$997,859
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
$790
JAN
$879,000
FEB MAR
MEDIAN SALES PRICE
APR
$964
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$879 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Goleta DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$780,000
$877,500
$925,000
$818,250
4.9%
Average Price per Square Foot ...........................
$485
$492
$623
$622
28.2%
Properties Sold .......................................................
7
13
10
14
100.0%
Properties Pending Sale .......................................
8
11
8
8
0.0%
Properties For Sale ................................................
27
45
51
34
25.9%
Days on Market (Pending Sale) ...........................
20
44
38
72
260.0%
Month’s Supply of Inventory ................................
3.9
3.5
5.1
2.4
-37.0%
Percent Under Contract ........................................
29.6%
24.4%
15.7%
23.5%
-20.6%
Average Median Price for Last 12 Months ........
$788,293
$845,500
$787,667
$831,579
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
$780
JAN
$818,250
FEB MAR
MEDIAN SALES PRICE
APR
$622
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$818 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Hope Ranch DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,367,500
$1,750,000
$5,500,000
$0
-100.0%
Average Price per Square Foot ...........................
$713
$867
$770
$0
-100.0%
Properties Sold .......................................................
2
5
1
0
-100.0%
Properties Pending Sale .......................................
2
4
1
8
300.0%
Properties For Sale ................................................
15
33
39
41
173.3%
Days on Market (Pending Sale) ...........................
46
90
73
186
304.3%
Month’s Supply of Inventory ................................
7.5
6.6
39
n/a
n/a
Percent Under Contract ........................................
13.3%
12.1%
2.6%
19.5%
46.3%
Average Median Price for Last 12 Months ........
$3,248,510
$3,138,500
$2,746,250
$3,435,227
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
$2.367
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 2016
telesproperties.com
Montecito DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,397,500
$3,325,000
$2,235,000
$2,810,000
17.2%
Average Price per Square Foot ...........................
$936
$948
$923
$843
-9.9%
Properties Sold .......................................................
22
13
14
14
-36.4%
Properties Pending Sale .......................................
12
10
15
14
16.7%
Properties For Sale ................................................
133
181
203
167
25.6%
Days on Market (Pending Sale) ...........................
162
70
137
183
13.0%
Month’s Supply of Inventory ................................
6
13.9
14.5
11.9
97.3%
Percent Under Contract ........................................
9.0%
5.5%
7.4%
8.4%
-7.1%
Average Median Price for Last 12 Months ........
$3,272,714
$2,566,250
$2,662,500
$2,935,192
-10.3%
*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
$2.397
JAN
$2,810,000
FEB MAR
MEDIAN SALES PRICE
APR
$843
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
11.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.810 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 2016
telesproperties.com
Santa Barbara East of State DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,909,000
$1,233,375
$1,229,000
$1,334,329
-30.1%
Average Price per Square Foot ...........................
$636
$761
$703
$584
-8.2%
Properties Sold .......................................................
22
33
37
28
27.3%
Properties Pending Sale .......................................
16
24
28
29
81.2%
Properties For Sale ................................................
110
154
163
122
10.9%
Days on Market (Pending Sale) ...........................
65
53
49
87
33.8%
Month’s Supply of Inventory ................................
5
4.7
4.4
4.4
-12.9%
Percent Under Contract ........................................
14.5%
15.6%
17.2%
23.8%
63.4%
Average Median Price for Last 12 Months ........
$1,285,313
$1,268,888
$1,259,776
$1,319,343
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 $1.909
DEC JAN
$1,334,329
FEB MAR
MEDIAN SALES PRICE
APR
$584
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.334 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Santa Barbara West of State DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$996,075
$878,000
$1,170,000
$1,269,500
27.5%
Average Price per Square Foot ...........................
$699
$897
$612
$749
7.2%
Properties Sold .......................................................
12
13
20
16
33.3%
Properties Pending Sale .......................................
19
24
22
12
-36.8%
Properties For Sale ................................................
56
100
98
71
26.8%
Days on Market (Pending Sale) ...........................
63
46
61
59
-6.3%
Month’s Supply of Inventory ................................
4.7
7.7
4.9
4.4
-4.9%
Percent Under Contract ........................................
33.9%
24.0%
22.4%
16.9%
-50.2%
Average Median Price for Last 12 Months ........
$1,032,340
$1,132,833
$1,144,000
$1,084,063
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
$996
JAN
$1,269,500
FEB MAR
MEDIAN SALES PRICE
APR
$749
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.269 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Santa Ynez DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$699,000
$749,000
$860,000
$740,540
5.9%
Average Price per Square Foot ...........................
$239
$377
$386
$335
40.2%
Properties Sold .......................................................
7
27
15
12
71.4%
Properties Pending Sale .......................................
14
15
15
9
-35.7%
Properties For Sale ................................................
122
153
146
129
5.7%
Days on Market (Pending Sale) ...........................
91
86
92
146
60.4%
Month’s Supply of Inventory ................................
17.4
5.7
9.7
10.8
-38.3%
Percent Under Contract ........................................
11.5%
9.8%
10.3%
7.0%
-39.2%
Average Median Price for Last 12 Months ........
$790,896
$771,748
$714,330
$752,192
-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
$699
JAN
$740,540
FEB MAR
MEDIAN SALES PRICE
APR
$335
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
10.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : December 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : December 2016
telesproperties.com
Carmel DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,505,000
$1,747,500
$1,375,000
$1,550,000
3.0%
Average Price per Square Foot ...........................
$1,046
$667
$760
$786
-24.9%
Properties Sold .......................................................
34
24
27
18
-47.1%
Properties Pending Sale .......................................
24
19
23
20
-16.7%
Properties For Sale ................................................
130
169
184
148
13.8%
Days on Market (Pending Sale) ...........................
126
101
83
134
6.3%
Month’s Supply of Inventory ................................
3.8
7
6.8
8.2
115.0%
Percent Under Contract ........................................
18.5%
11.2%
12.5%
13.5%
-26.8%
Average Median Price for Last 12 Months ........
$1,387,458
$1,433,750
$1,510,833
$1,457,692
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
$1.505
JAN
$1,550,000
FEB MAR
MEDIAN SALES PRICE
APR
$786
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.550 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 2016
telesproperties.com
Carmel Valley DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$659,000
$1,377,500
$1,162,500
$1,800,000
173.1%
Average Price per Square Foot ...........................
$383
$546
$546
$507
32.4%
Properties Sold .......................................................
4
20
6
5
25.0%
Properties Pending Sale .......................................
5
14
13
4
-20.0%
Properties For Sale ................................................
60
73
80
59
-1.7%
Days on Market (Pending Sale) ...........................
41
77
101
41
0.0%
Month’s Supply of Inventory ................................
15
3.6
13.3
11.8
-21.3%
Percent Under Contract ........................................
8.3%
19.2%
16.2%
6.8%
-18.6%
Average Median Price for Last 12 Months ........
$906,358
$1,163,750
$1,341,667
$1,066,654
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$659
JAN
$1,800,000
FEB MAR
MEDIAN SALES PRICE
APR
$507
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
11.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Marina DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$461,500
$460,000
$510,000
$499,500
8.2%
Average Price per Square Foot ...........................
$297
$343
$275
$330
11.1%
Properties Sold .......................................................
9
13
9
10
11.1%
Properties Pending Sale .......................................
7
14
14
7
0.0%
Properties For Sale ................................................
21
30
29
27
28.6%
Days on Market (Pending Sale) ...........................
64
16
30
64
0.0%
Month’s Supply of Inventory ................................
2.3
2.3
3.2
2.7
15.7%
Percent Under Contract ........................................
33.3%
46.7%
48.3%
25.9%
-22.2%
Average Median Price for Last 12 Months ........
$444,821
$501,250
$497,500
$484,423
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
$461
JAN
$499,500
FEB MAR
MEDIAN SALES PRICE
APR
$330
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$499 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Monterey DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$605,000
$705,000
$810,000
$705,000
16.5%
Average Price per Square Foot ...........................
$422
$481
$449
$430
1.9%
Properties Sold .......................................................
18
17
31
19
5.6%
Properties Pending Sale .......................................
13
19
28
12
-7.7%
Properties For Sale ................................................
84
95
103
71
-15.5%
Days on Market (Pending Sale) ...........................
58
69
89
85
46.6%
Month’s Supply of Inventory ................................
4.7
5.6
3.3
3.7
-19.9%
Percent Under Contract ........................................
15.5%
20.0%
27.2%
16.9%
9.2%
Average Median Price for Last 12 Months ........
$680,229
$768,183
$732,367
$746,104
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
$605
JAN
$705,000
FEB MAR
MEDIAN SALES PRICE
APR
$430
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Pacific Grove DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$875,000
$873,000
$837,500
$875,000
0.0%
Average Price per Square Foot ...........................
$615
$593
$595
$497
-19.2%
Properties Sold .......................................................
11
17
10
14
27.3%
Properties Pending Sale .......................................
12
17
12
7
-41.7%
Properties For Sale ................................................
55
61
66
48
-12.7%
Days on Market (Pending Sale) ...........................
74
48
62
60
-18.9%
Month’s Supply of Inventory ................................
5
3.6
6.6
3.4
-31.4%
Percent Under Contract ........................................
21.8%
27.9%
18.2%
14.6%
-33.2%
Average Median Price for Last 12 Months ........
$803,417
$847,083
$880,667
$854,577
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$875
JAN
$875,000
FEB MAR
MEDIAN SALES PRICE
APR
$497
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.4 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 2016
telesproperties.com
Pebble Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,125,000
$1,333,000
$1,294,500
$2,750,000
144.4%
Average Price per Square Foot ...........................
$900
$537
$774
$1,151
27.9%
Properties Sold .......................................................
11
9
10
9
-18.2%
Properties Pending Sale .......................................
5
9
10
4
-20.0%
Properties For Sale ................................................
80
85
89
75
-6.2%
Days on Market (Pending Sale) ...........................
85
99
122
39
-54.1%
Month’s Supply of Inventory ................................
7.3
9.4
8.9
8.3
14.6%
Percent Under Contract ........................................
6.2%
10.6%
11.2%
5.3%
-14.7%
Average Median Price for Last 12 Months ........
$1,589,063
$1,933,667
$2,085,000
$1,680,192
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
$1.125
JAN
$2,750,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,151
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$2.750 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 2016
telesproperties.com
Salinas DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$415,000
$482,000
$499,000
$445,000
7.2%
Average Price per Square Foot ...........................
$267
$270
$283
$281
5.2%
Properties Sold .......................................................
47
78
63
58
23.4%
Properties Pending Sale .......................................
54
68
73
36
-33.3%
Properties For Sale ................................................
171
214
223
162
-5.3%
Days on Market (Pending Sale) ...........................
66
45
53
44
-33.3%
Month’s Supply of Inventory ................................
3.6
2.7
3.5
2.8
-23.2%
Percent Under Contract ........................................
31.6%
31.8%
32.7%
22.2%
-29.6%
Average Median Price for Last 12 Months ........
$410,881
$461,750
$446,833
$450,385
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
$415
JAN
$445,000
FEB MAR
MEDIAN SALES PRICE
APR
$281
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$445 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Seaside DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$414,000
$422,500
$505,000
$440,000
6.3%
Average Price per Square Foot ...........................
$357
$368
$340
$347
-2.8%
Properties Sold .......................................................
15
18
18
17
13.3%
Properties Pending Sale .......................................
10
18
18
11
10.0%
Properties For Sale ................................................
35
42
51
38
8.6%
Days on Market (Pending Sale) ...........................
55
37
67
57
3.6%
Month’s Supply of Inventory ................................
2.3
2.3
2.8
2.2
-4.2%
Percent Under Contract ........................................
28.6%
42.9%
35.3%
28.9%
1.3%
Average Median Price for Last 12 Months ........
$391,313
$467,917
$446,667
$458,680
17.2%
*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
$414
JAN
$440,000
FEB MAR
MEDIAN SALES PRICE
APR
$347
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 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 2016
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 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : December 2016
telesproperties.com
San Diego County DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$539,250
$565,000
$570,000
$573,000
6.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1908
2336
2018
1831
-4.0%
Properties Pending Sale .......................................
1486
2443
2272
1603
7.9%
Properties For Sale ................................................
6,270
8,510
8,369
5,937
-5.3%
Days on Market (Pending Sale) ...........................
57
41
43
55
-3.5%
Month’s Supply of Inventory ................................
3.3
3.6
4.1
3.2
-1.3%
Percent Under Contract ........................................
23.7%
28.7%
27.1%
27.0%
13.9%
Average Median Price for Last 12 Months ........
$524,750
$568,750
$571,000
$558,135
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
$539
JAN
$573,000
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
$573 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$620,000
$730,000
$827,900
$715,000
15.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
7
9
6
-33.3%
Properties Pending Sale .......................................
5
13
13
5
0.0%
Properties For Sale ................................................
31
37
40
21
-32.3%
Days on Market (Pending Sale) ...........................
68
29
46
58
-14.7%
Month’s Supply of Inventory ................................
3.4
5.3
4.4
3.5
1.6%
Percent Under Contract ........................................
16.1%
35.1%
32.5%
23.8%
47.6%
Average Median Price for Last 12 Months ........
$689,708
$763,308
$731,833
$727,835
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$620
JAN
$715,000
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
$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 2016
telesproperties.com
Carlsbad DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$830,000
$929,500
$899,000
$866,000
4.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
101
84
93
89
-11.9%
Properties Pending Sale .......................................
56
93
108
70
25.0%
Properties For Sale ................................................
245
368
369
247
0.8%
Days on Market (Pending Sale) ...........................
64
33
37
63
-1.6%
Month’s Supply of Inventory ................................
2.4
4.4
4
2.8
14.4%
Percent Under Contract ........................................
22.9%
25.3%
29.3%
28.3%
24.0%
Average Median Price for Last 12 Months ........
$823,994
$865,083
$848,833
$861,406
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
$830
JAN
$866,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$866 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Carmel Valley DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,140,000
$1,144,000
$1,235,000
$1,020,000
-10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
39
65
35
37
-5.1%
Properties Pending Sale .......................................
25
53
43
36
44.0%
Properties For Sale ................................................
154
222
168
121
-21.4%
Days on Market (Pending Sale) ...........................
75
35
45
45
-40.0%
Month’s Supply of Inventory ................................
3.9
3.4
4.8
3.3
-17.2%
Percent Under Contract ........................................
16.2%
23.9%
25.6%
29.8%
83.3%
Average Median Price for Last 12 Months ........
$1,151,292
$1,146,500
$1,096,500
$1,132,073
-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
$1.140
JAN
$1,020,000
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
$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 2016
telesproperties.com
Chula Vista DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$487,000
$509,900
$520,000
$519,876
6.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
174
175
154
131
-24.7%
Properties Pending Sale .......................................
117
184
167
144
23.1%
Properties For Sale ................................................
431
460
511
360
-16.5%
Days on Market (Pending Sale) ...........................
47
39
36
48
2.1%
Month’s Supply of Inventory ................................
2.5
2.6
3.3
2.7
10.9%
Percent Under Contract ........................................
27.1%
40.0%
32.7%
40.0%
47.4%
Average Median Price for Last 12 Months ........
$474,919
$515,938
$516,625
$506,310
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
$487
JAN
$519,876
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
$519 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$561,500
$595,000
$565,800
$670,000
19.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
32
41
45
29
-9.4%
Properties Pending Sale .......................................
27
41
41
27
0.0%
Properties For Sale ................................................
80
99
99
56
-30.0%
Days on Market (Pending Sale) ...........................
31
26
35
27
-12.9%
Month’s Supply of Inventory ................................
2.5
2.4
2.2
1.9
-22.8%
Percent Under Contract ........................................
33.8%
41.4%
41.4%
48.2%
42.9%
Average Median Price for Last 12 Months ........
$547,375
$599,408
$621,667
$586,831
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
$561
JAN
$670,000
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
$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 2016
telesproperties.com
Coronado DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,940,000
$1,776,750
$1,850,000
$1,487,500
-23.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
16
12
16
100.0%
Properties Pending Sale .......................................
6
14
12
13
116.7%
Properties For Sale ................................................
114
136
138
118
3.5%
Days on Market (Pending Sale) ...........................
77
111
98
93
20.8%
Month’s Supply of Inventory ................................
14.2
8.5
11.5
7.4
-48.2%
Percent Under Contract ........................................
5.3%
10.3%
8.7%
11.0%
109.3%
Average Median Price for Last 12 Months ........
$1,772,525
$1,721,458
$1,547,917
$1,699,595
-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 $1.940
DEC JAN
$1,487,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Del Mar DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,865,250
$2,250,000
$1,667,500
$1,932,500
3.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
11
16
12
8
-27.3%
Properties Pending Sale .......................................
9
12
16
8
-11.1%
Properties For Sale ................................................
67
95
103
72
7.5%
Days on Market (Pending Sale) ...........................
62
32
43
86
38.7%
Month’s Supply of Inventory ................................
6.1
5.9
8.6
9
47.8%
Percent Under Contract ........................................
13.4%
12.6%
15.5%
11.1%
-17.3%
Average Median Price for Last 12 Months ........
$1,742,885
$1,736,750
$1,929,750
$1,838,596
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.865
JAN
$1,932,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.932 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
El Cajon DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$459,500
$520,000
$487,500
$462,000
0.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
94
111
92
95
1.1%
Properties Pending Sale .......................................
59
117
105
73
23.7%
Properties For Sale ................................................
310
366
379
283
-8.7%
Days on Market (Pending Sale) ...........................
47
43
47
44
-6.4%
Month’s Supply of Inventory ................................
3.3
3.3
4.1
3
-9.7%
Percent Under Contract ........................................
19.0%
32.0%
27.7%
25.8%
35.5%
Average Median Price for Last 12 Months ........
$453,413
$485,760
$484,833
$476,024
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
$459
JAN
$462,000
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
$462 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Encinitas DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$955,000
$1,165,000
$1,162,500
$1,270,722
33.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
29
49
40
41
41.4%
Properties Pending Sale .......................................
24
46
54
31
29.2%
Properties For Sale ................................................
108
185
203
122
13.0%
Days on Market (Pending Sale) ...........................
37
48
38
56
51.4%
Month’s Supply of Inventory ................................
3.7
3.8
5.1
3
-20.1%
Percent Under Contract ........................................
22.2%
24.9%
26.6%
25.4%
14.3%
Average Median Price for Last 12 Months ........
$1,075,146
$1,233,704
$1,254,907
$1,157,863
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
$955
JAN
$1,270,722
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
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Escondido DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$452,500
$500,000
$476,000
$510,000
12.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
122
150
123
120
-1.6%
Properties Pending Sale .......................................
65
173
180
121
86.2%
Properties For Sale ................................................
397
584
633
389
-2.0%
Days on Market (Pending Sale) ...........................
47
41
44
59
25.5%
Month’s Supply of Inventory ................................
3.3
3.9
5.1
3.2
-0.4%
Percent Under Contract ........................................
16.4%
29.6%
28.4%
31.1%
90.0%
Average Median Price for Last 12 Months ........
$453,542
$504,500
$506,167
$496,470
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
$452
JAN
$510,000
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
$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 2016
telesproperties.com
Imperial-Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$440,000
$485,000
$582,000
$497,500
13.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
11
12
6
11
0.0%
Properties Pending Sale .......................................
7
12
13
3
-57.1%
Properties For Sale ................................................
16
38
45
36
125.0%
Days on Market (Pending Sale) ...........................
31
13
35
25
-19.4%
Month’s Supply of Inventory ................................
1.5
3.2
7.5
3.3
125.0%
Percent Under Contract ........................................
43.8%
31.6%
28.9%
8.3%
-81.0%
Average Median Price for Last 12 Months ........
$447,188
$533,750
$513,833
$488,904
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$440
JAN
$497,500
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
$497 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
La Jolla DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$2,025,000
$1,803,500
$1,982,500
$1,815,000
-10.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
36
34
28
25
-30.6%
Properties Pending Sale .......................................
29
35
31
18
-37.9%
Properties For Sale ................................................
226
296
278
208
-8.0%
Days on Market (Pending Sale) ...........................
74
66
92
105
41.9%
Month’s Supply of Inventory ................................
6.3
8.7
9.9
8.3
32.5%
Percent Under Contract ........................................
12.8%
11.8%
11.2%
8.7%
-32.6%
Average Median Price for Last 12 Months ........
$1,837,443
$1,915,417
$1,796,667
$1,966,615
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$2.025
JAN
$1,815,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
8.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.815 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 2016
telesproperties.com
La Mesa DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$484,250
$529,000
$527,000
$530,000
9.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
50
73
60
55
10.0%
Properties Pending Sale .......................................
35
72
62
45
28.6%
Properties For Sale ................................................
162
213
202
153
-5.6%
Days on Market (Pending Sale) ...........................
36
29
33
46
27.8%
Month’s Supply of Inventory ................................
4.6
3
3.3
2.8
-39.9%
Percent Under Contract ........................................
21.6%
33.8%
30.7%
29.4%
36.1%
Average Median Price for Last 12 Months ........
$480,355
$526,000
$525,000
$512,519
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
$484
JAN
$530,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$545,000
$544,500
$552,500
$575,000
5.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
22
24
17
-22.7%
Properties Pending Sale .......................................
15
21
18
17
13.3%
Properties For Sale ................................................
43
44
51
26
-39.5%
Days on Market (Pending Sale) ...........................
34
22
21
30
-11.8%
Month’s Supply of Inventory ................................
2.9
2.1
2.8
1.5
-46.6%
Percent Under Contract ........................................
34.9%
47.7%
35.3%
65.4%
87.4%
Average Median Price for Last 12 Months ........
$510,046
$548,583
$556,667
$540,423
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
$545
JAN
$575,000
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
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Lemon Grove DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$385,000
$412,500
$427,000
$429,500
11.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
22
18
20
17.6%
Properties Pending Sale .......................................
21
21
22
17
-19.0%
Properties For Sale ................................................
43
54
53
38
-11.6%
Days on Market (Pending Sale) ...........................
39
23
30
31
-20.5%
Month’s Supply of Inventory ................................
2
2.6
2.4
1.9
-7.2%
Percent Under Contract ........................................
48.8%
38.9%
41.5%
44.7%
-8.4%
Average Median Price for Last 12 Months ........
$375,896
$422,417
$425,667
$410,962
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$385
JAN
$429,500
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
$429 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
National City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$350,000
$384,000
$375,000
$350,000
0.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
25
18
13
16
-36.0%
Properties Pending Sale .......................................
12
18
14
14
16.7%
Properties For Sale ................................................
49
47
54
46
-6.1%
Days on Market (Pending Sale) ...........................
30
84
46
32
6.7%
Month’s Supply of Inventory ................................
4.1
2.6
3.9
2.9
-29.6%
Percent Under Contract ........................................
24.5%
38.3%
25.9%
30.4%
24.3%
Average Median Price for Last 12 Months ........
$342,117
$379,042
$374,083
$367,173
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
$350
JAN
$350,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.9 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 2016
telesproperties.com
Oceanside DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$475,000
$500,000
$498,000
$498,500
4.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
115
145
142
106
-7.8%
Properties Pending Sale .......................................
88
172
158
95
8.0%
Properties For Sale ................................................
320
415
389
238
-25.6%
Days on Market (Pending Sale) ...........................
48
30
36
44
-8.3%
Month’s Supply of Inventory ................................
2.8
2.9
2.7
2.2
-19.3%
Percent Under Contract ........................................
27.5%
41.4%
40.6%
39.9%
45.1%
Average Median Price for Last 12 Months ........
$932,000
$511,250
$505,500
$498,192
-87.1%
*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
$498,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$498 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Poway DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$635,000
$745,000
$665,000
$640,000
0.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
29
61
54
47
62.1%
Properties Pending Sale .......................................
22
52
46
28
27.3%
Properties For Sale ................................................
160
208
188
114
-28.7%
Days on Market (Pending Sale) ...........................
59
43
58
60
1.7%
Month’s Supply of Inventory ................................
5.5
3.4
3.5
2.4
-56.0%
Percent Under Contract ........................................
13.8%
25.0%
24.5%
24.6%
78.6%
Average Median Price for Last 12 Months ........
$638,563
$661,042
$649,583
$659,577
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
$635
JAN
$640,000
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
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Rancho Bernardo DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$680,000
$777,000
$712,500
$767,250
12.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
99
123
97
68
-31.3%
Properties Pending Sale .......................................
58
111
112
64
10.3%
Properties For Sale ................................................
251
449
385
235
-6.4%
Days on Market (Pending Sale) ...........................
62
34
47
51
-17.7%
Month’s Supply of Inventory ................................
4.2
4.3
5
3.5
-18.3%
Percent Under Contract ........................................
23.1%
24.7%
29.1%
27.2%
17.9%
Average Median Price for Last 12 Months ........
$711,292
$744,515
$761,900
$735,449
3.3%
*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
$680
JAN
$767,250
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
$767 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Marcos DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$575,500
$650,000
$597,000
$592,500
3.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
59
89
78
66
11.9%
Properties Pending Sale .......................................
43
93
84
57
32.6%
Properties For Sale ................................................
176
223
231
131
-25.6%
Days on Market (Pending Sale) ...........................
60
41
42
60
0.0%
Month’s Supply of Inventory ................................
3
2.5
3
2
-33.5%
Percent Under Contract ........................................
24.4%
41.7%
36.4%
43.5%
78.1%
Average Median Price for Last 12 Months ........
$564,167
$607,367
$609,133
$603,869
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$575
JAN
$592,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$592 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
San Diego DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$562,000
$581,000
$567,900
$623,000
10.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
63
70
78
52
-17.5%
Properties Pending Sale .......................................
47
75
72
49
4.3%
Properties For Sale ................................................
154
180
190
103
-33.1%
Days on Market (Pending Sale) ...........................
36
25
34
31
-13.9%
Month’s Supply of Inventory ................................
2.4
2.6
2.4
2
-19.0%
Percent Under Contract ........................................
30.5%
41.7%
37.9%
47.6%
55.9%
Average Median Price for Last 12 Months ........
$552,629
$590,817
$604,333
$580,008
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
$562
JAN
$623,000
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$623 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Santee DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$449,200
$481,500
$465,000
$496,500
10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
44
42
48
38
-13.6%
Properties Pending Sale .......................................
26
58
44
29
11.5%
Properties For Sale ................................................
72
118
103
74
2.8%
Days on Market (Pending Sale) ...........................
47
33
21
29
-38.3%
Month’s Supply of Inventory ................................
1.6
2.8
2.1
1.9
19.0%
Percent Under Contract ........................................
36.1%
49.2%
42.7%
39.2%
8.5%
Average Median Price for Last 12 Months ........
$439,829
$475,483
$479,483
$468,342
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$449
JAN
$496,500
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
$496 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Solana Beach DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,399,000
$1,465,000
$1,178,500
$3,050,000
118.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
7
9
7
0.0%
Properties Pending Sale .......................................
1
3
8
5
400.0%
Properties For Sale ................................................
33
32
40
21
-36.4%
Days on Market (Pending Sale) ...........................
27
33
55
66
144.4%
Month’s Supply of Inventory ................................
4.7
4.6
4.4
3
-36.4%
Percent Under Contract ........................................
3.0%
9.4%
20.0%
23.8%
685.7%
Average Median Price for Last 12 Months ........
$1,561,812
$1,672,000
$1,869,167
$1,496,038
-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
$1.399
JAN
$3,050,000
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
$3.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Spring Valley DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$406,500
$422,000
$444,500
$439,950
8.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
46
55
46
50
8.7%
Properties Pending Sale .......................................
28
56
46
45
60.7%
Properties For Sale ................................................
133
156
185
157
18.0%
Days on Market (Pending Sale) ...........................
42
30
26
36
-14.3%
Month’s Supply of Inventory ................................
2.9
2.8
4
3.1
8.6%
Percent Under Contract ........................................
21.1%
35.9%
24.9%
28.7%
36.1%
Average Median Price for Last 12 Months ........
$395,919
$433,575
$430,817
$421,573
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$406
JAN
$439,950
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
$439 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Vista DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$475,450
$472,500
$495,000
$487,500
2.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
72
79
89
92
27.8%
Properties Pending Sale .......................................
41
94
80
67
63.4%
Properties For Sale ................................................
223
323
291
202
-9.4%
Days on Market (Pending Sale) ...........................
59
40
51
47
-20.3%
Month’s Supply of Inventory ................................
3.1
4.1
3.3
2.2
-29.1%
Percent Under Contract ........................................
18.4%
29.1%
27.5%
33.2%
80.4%
Average Median Price for Last 12 Months ........
$456,532
$493,042
$496,833
$485,919
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
$475
JAN
$487,500
FEB MAR
MEDIAN SALES PRICE
APR
n/a
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
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 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : December 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$787,500
$744,500
$789,500
$835,000
6.0%
Average Price per Square Foot ...........................
$590
$577
$551
$569
-3.6%
Properties Sold .......................................................
8
14
10
5
-37.5%
Properties Pending Sale .......................................
4
7
9
6
50.0%
Properties For Sale ................................................
24
35
32
25
4.2%
Days on Market (Pending Sale) ...........................
65
13
66
86
32.3%
Month’s Supply of Inventory ................................
3
2.5
3.2
5
66.7%
Percent Under Contract ........................................
16.7%
20.0%
28.1%
24.0%
44.0%
Average Median Price for Last 12 Months ........
$720,824
$790,667
$779,167
$731,654
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
$787
JAN
$835,000
FEB MAR
MEDIAN SALES PRICE
APR
$569
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Beverly Hills DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,187,500
$1,250,000
$1,150,000
$1,365,000
14.9%
Average Price per Square Foot ...........................
$666
$677
$752
$699
5.0%
Properties Sold .......................................................
10
11
7
8
-20.0%
Properties Pending Sale .......................................
10
10
14
7
-30.0%
Properties For Sale ................................................
45
54
58
43
-4.4%
Days on Market (Pending Sale) ...........................
67
53
40
50
-25.4%
Month’s Supply of Inventory ................................
4.5
4.9
8.3
5.4
19.4%
Percent Under Contract ........................................
22.2%
18.5%
24.1%
16.3%
-26.7%
Average Median Price for Last 12 Months ........
$1,169,907
$1,265,231
$1,307,667
$1,209,261
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$1.187
JAN
$1,365,000
FEB MAR
MEDIAN SALES PRICE
APR
$699
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$1.365 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Brentwood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$725,000
$760,000
$790,000
$826,000
13.9%
Average Price per Square Foot ...........................
$562
$585
$600
$572
1.8%
Properties Sold .......................................................
15
15
23
10
-33.3%
Properties Pending Sale .......................................
15
15
19
11
-26.7%
Properties For Sale ................................................
73
61
80
42
-42.5%
Days on Market (Pending Sale) ...........................
83
25
38
46
-44.6%
Month’s Supply of Inventory ................................
4.9
4.1
3.5
4.2
-13.7%
Percent Under Contract ........................................
20.5%
24.6%
23.8%
26.2%
27.5%
Average Median Price for Last 12 Months ........
$746,492
$818,917
$782,833
$830,538
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$725
JAN
$826,000
FEB MAR
MEDIAN SALES PRICE
APR
$572
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.2 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$826 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Culver City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$426,000
$465,000
$481,000
$508,425
19.3%
Average Price per Square Foot ...........................
$444
$462
$448
$512
15.3%
Properties Sold .......................................................
18
18
21
12
-33.3%
Properties Pending Sale .......................................
12
16
21
6
-50.0%
Properties For Sale ................................................
23
33
39
20
-13.0%
Days on Market (Pending Sale) ...........................
31
20
22
24
-22.6%
Month’s Supply of Inventory ................................
1.3
1.8
1.9
1.7
30.4%
Percent Under Contract ........................................
52.2%
48.5%
53.8%
30.0%
-42.5%
Average Median Price for Last 12 Months ........
$435,125
$490,054
$499,275
$466,525
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$426
JAN
$508,425
FEB MAR
MEDIAN SALES PRICE
APR
$512
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.7 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Downtown DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$531,500
$670,000
$517,250
$615,000
15.7%
Average Price per Square Foot ...........................
$627
$689
$640
$621
-1.0%
Properties Sold .......................................................
30
29
30
28
-6.7%
Properties Pending Sale .......................................
23
53
48
31
34.8%
Properties For Sale ................................................
154
246
237
208
35.1%
Days on Market (Pending Sale) ...........................
53
49
60
50
-5.7%
Month’s Supply of Inventory ................................
5.1
8.5
7.9
7.4
44.7%
Percent Under Contract ........................................
14.9%
21.5%
20.3%
14.9%
-0.2%
Average Median Price for Last 12 Months ........
$567,963
$574,375
$605,000
$588,442
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
$531
JAN
$615,000
FEB MAR
MEDIAN SALES PRICE
APR
$621
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
7.4 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Encino DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$358,000
$295,000
$336,000
$389,000
8.7%
Average Price per Square Foot ...........................
$306
$330
$297
$290
-5.2%
Properties Sold .......................................................
14
14
15
17
21.4%
Properties Pending Sale .......................................
17
13
16
22
29.4%
Properties For Sale ................................................
22
26
34
22
0.0%
Days on Market (Pending Sale) ...........................
66
41
83
56
-15.2%
Month’s Supply of Inventory ................................
1.6
1.9
2.3
1.3
-17.6%
Percent Under Contract ........................................
77.3%
50.0%
47.1%
100.0%
29.4%
Average Median Price for Last 12 Months ........
$323,750
$387,167
$390,000
$355,769
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
$358
JAN
$389,000
FEB MAR
MEDIAN SALES PRICE
APR
$290
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$389 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Malibu DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$968,000
$925,000
$1,750,000
$0
-100.0%
Average Price per Square Foot ...........................
$930
$938
$947
$0
-100.0%
Properties Sold .......................................................
1
1
3
0
-100.0%
Properties Pending Sale .......................................
1
4
1
0
-100.0%
Properties For Sale ................................................
18
18
19
19
5.6%
Days on Market (Pending Sale) ...........................
4
32
30
0
-100.0%
Month’s Supply of Inventory ................................
18
18
6.3
n/a
n/a
Percent Under Contract ........................................
5.6%
22.2%
5.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$707,683
$1,449,688
$625,000
$1,279,682
80.8%
*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
$968
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 2016
telesproperties.com
Marina Del Rey DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$902,500
$865,000
$900,000
$795,000
-11.9%
Average Price per Square Foot ...........................
$563
$626
$626
$758
34.6%
Properties Sold .......................................................
22
25
15
21
-4.5%
Properties Pending Sale .......................................
17
27
25
20
17.6%
Properties For Sale ................................................
74
96
114
82
10.8%
Days on Market (Pending Sale) ...........................
69
47
49
60
-13.0%
Month’s Supply of Inventory ................................
3.4
3.8
7.6
3.9
16.1%
Percent Under Contract ........................................
23.0%
28.1%
21.9%
24.4%
6.2%
Average Median Price for Last 12 Months ........
$882,226
$915,583
$911,167
$872,462
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$902
JAN
$795,000
FEB MAR
MEDIAN SALES PRICE
APR
$758
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Santa Monica DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$880,000
$950,000
$850,000
$965,000
9.7%
Average Price per Square Foot ...........................
$768
$899
$873
$1,036
34.9%
Properties Sold .......................................................
27
27
35
17
-37.0%
Properties Pending Sale .......................................
18
32
20
15
-16.7%
Properties For Sale ................................................
84
114
104
78
-7.1%
Days on Market (Pending Sale) ...........................
31
34
34
37
19.4%
Month’s Supply of Inventory ................................
3.1
4.2
3
4.6
47.5%
Percent Under Contract ........................................
21.4%
28.1%
19.2%
19.2%
-10.3%
Average Median Price for Last 12 Months ........
$974,549
$904,875
$953,917
$905,404
-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
$880
JAN
$965,000
FEB MAR
MEDIAN SALES PRICE
APR
$1,036
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.6 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Sherman Oaks DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$430,000
$430,000
$438,000
$480,000
11.6%
Average Price per Square Foot ...........................
$329
$347
$359
$357
8.5%
Properties Sold .......................................................
12
25
28
15
25.0%
Properties Pending Sale .......................................
15
30
30
16
6.7%
Properties For Sale ................................................
20
46
38
28
40.0%
Days on Market (Pending Sale) ...........................
72
63
45
53
-26.4%
Month’s Supply of Inventory ................................
1.7
1.8
1.4
1.9
12.0%
Percent Under Contract ........................................
75.0%
65.2%
78.9%
57.1%
-23.8%
Average Median Price for Last 12 Months ........
$436,500
$451,500
$452,333
$452,385
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
$430
JAN
$480,000
FEB MAR
MEDIAN SALES PRICE
APR
$357
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
1.9 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$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 2016
telesproperties.com
Studio City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$559,000
$514,000
$538,000
$620,000
10.9%
Average Price per Square Foot ...........................
$374
$439
$409
$406
8.6%
Properties Sold .......................................................
12
8
17
6
-50.0%
Properties Pending Sale .......................................
13
24
12
7
-46.2%
Properties For Sale ................................................
22
39
28
29
31.8%
Days on Market (Pending Sale) ...........................
85
71
66
98
15.3%
Month’s Supply of Inventory ................................
1.8
4.9
1.6
4.8
163.6%
Percent Under Contract ........................................
59.1%
61.5%
42.9%
24.1%
-59.2%
Average Median Price for Last 12 Months ........
$527,000
$589,333
$621,000
$560,846
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$559
JAN
$620,000
FEB MAR
MEDIAN SALES PRICE
APR
$406
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
4.8 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Venice DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$1,280,000
$0
$940,000
$925,000
-27.7%
Average Price per Square Foot ...........................
$1,299
$0
$791
$792
-39.0%
Properties Sold .......................................................
1
0
1
3
200.0%
Properties Pending Sale .......................................
2
3
8
0
-100.0%
Properties For Sale ................................................
13
12
16
10
-23.1%
Days on Market (Pending Sale) ...........................
60
31
88
0
-100.0%
Month’s Supply of Inventory ................................
13
n/a
16
3.3
-74.4%
Percent Under Contract ........................................
15.4%
25.0%
50.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,156,042
$1,165,083
$1,125,167
$1,257,682
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.280
DEC JAN
$925,000
FEB MAR
MEDIAN SALES PRICE
APR
$792
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
3.3 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
West Hollywood DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$610,000
$635,000
$760,000
$682,000
11.8%
Average Price per Square Foot ...........................
$712
$682
$676
$663
-6.9%
Properties Sold .......................................................
20
30
36
22
10.0%
Properties Pending Sale .......................................
21
35
35
29
38.1%
Properties For Sale ................................................
87
125
130
112
28.7%
Days on Market (Pending Sale) ...........................
54
35
36
38
-29.6%
Month’s Supply of Inventory ................................
4.4
4.2
3.6
5.1
17.0%
Percent Under Contract ........................................
24.1%
28.0%
26.9%
25.9%
7.3%
Average Median Price for Last 12 Months ........
$614,083
$701,417
$708,667
$675,365
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
$610
JAN
$682,000
FEB MAR
MEDIAN SALES PRICE
APR
$663
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
5.1 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
West LA DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$670,007
$775,000
$810,000
$795,000
18.7%
Average Price per Square Foot ...........................
$514
$569
$539
$554
7.8%
Properties Sold .......................................................
17
13
17
13
-23.5%
Properties Pending Sale .......................................
13
13
13
10
-23.1%
Properties For Sale ................................................
33
43
52
33
0.0%
Days on Market (Pending Sale) ...........................
38
20
18
20
-47.4%
Month’s Supply of Inventory ................................
1.9
3.3
3.1
2.5
30.8%
Percent Under Contract ........................................
39.4%
30.2%
25.0%
30.3%
-23.1%
Average Median Price for Last 12 Months ........
$665,391
$788,833
$808,333
$758,962
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot DEC
$670
JAN
$795,000
FEB MAR
MEDIAN SALES PRICE
APR
$554
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
2.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
Westwood - Century City DATA*
Dec 2015
6 month
3 month
Dec 2016
% change
Median Price ..........................................................
$832,000
$870,000
$800,000
$907,000
9.0%
Average Price per Square Foot ...........................
$735
$575
$675
$604
-17.8%
Properties Sold .......................................................
41
49
46
30
-26.8%
Properties Pending Sale .......................................
36
59
53
33
-8.3%
Properties For Sale ................................................
205
242
209
196
-4.4%
Days on Market (Pending Sale) ...........................
71
43
62
42
-40.8%
Month’s Supply of Inventory ................................
5
4.9
4.5
6.5
30.7%
Percent Under Contract ........................................
17.6%
24.4%
25.4%
16.8%
-4.1%
Average Median Price for Last 12 Months ........
$764,500
$837,083
$900,500
$830,963
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
$832
JAN
$907,000
FEB MAR
MEDIAN SALES PRICE
APR
$604
MAY JUN
AVERAGE PRICE PER SQ FT
JUL AUG SEP
6.5 MONTH’S SUPPLY OF INVENTORY
OCT NOV DEC
$907 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : December 2016
telesproperties.com
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