micro market report luxury real estate market research February 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
The number of properties that entered escrow in preparation for sale. Properties For Sale:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Redondo Beach
Toluca Lake
Bel Air - Holmby Hills
Mid Wilshire
Rolling Hills
Valley Village
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills Estates
Woodland Hills
Beverly Hills
Palms - Mar Vista
San Pedro
San Gabriel Valley Macro
Beverly Hills P.O.
Playa del Rey
Torrance
Altadena
Beverlywood
Playa Vista
San Fernando Macro
Arcadia
Brentwood
Santa Monica
Burbank
Duarte
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Encino
Eagle Rock
Culver City
Venice
Glendale
La Canada Flintridge
Hancock Park - Wilshire
West Hollywood
La Crescenta
Monrovia
Hollywood
West Los Angeles
North Hollywood
Pasadena
Hollywood Hills East
Westchester
Shadow Hills
San Gabriel
Laurel Canyon
Westwood - Century City
Sherman Oaks
San Marino
Los Feliz
South Bay Macro
Studio City
Sierra Madre
Malibu
Manhattan Beach
Sun Valley
South Pasadena
Malibu Beach
Palos Verdes Estates
Sunland - Tujunga
Marina del Rey
Rancho Palos Verdes
Tarzana
Micro Market Report : February 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 sq miles Founded: 1850
Micro Market Report : February 2014
telesproperties.com
Los Angeles County DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$675,000
$876,000
$837,500
$886,250
31.3%
Average Price per Square Foot ...........................
$520
$587
$555
$659
26.7%
Properties Sold .......................................................
539
802
640
498
-7.6%
Properties Pending Sale .......................................
762
883
678
701
-8.0%
Properties For Sale ................................................
3,142
3,697
3,425
3,141
-0.0%
Days on Market (Pending Sale) ...........................
65
46
56
55
-15.4%
Month’s Supply of Inventory ................................
5.8
4.6
5.4
6.3
8.2%
Percent Under Contract ........................................
24.3%
23.9%
19.8%
22.3%
-8.0%
Average Median Price for Last 12 Months ........
$633,000
$851,792
$860,083
$828,788
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$675
Mar
$886,250
Apr May
median sales price
Jun
$659
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$886 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,825,000
$1,900,000
$2,249,500
$1,645,000
-9.9%
Average Price per Square Foot ...........................
$1,102
$1,366
$736
$1,079
-2.1%
Properties Sold .......................................................
8
6
15
8
0.0%
Properties Pending Sale .......................................
14
17
12
16
14.3%
Properties For Sale ................................................
119
129
121
104
-12.6%
Days on Market (Pending Sale) ...........................
52
61
93
156
200.0%
Month’s Supply of Inventory ................................
14.9
21.5
8.1
13
-12.6%
Percent Under Contract ........................................
11.8%
13.2%
9.9%
15.4%
30.8%
Average Median Price for Last 12 Months ........
$1,897,000
$1,964,083
$1,777,833
$1,941,311
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.825
Mar
$1,645,000
Apr May
median sales price
Jun
$1,079
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
13 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$915,000
$1,160,000
$1,607,500
$1,401,250
53.1%
Average Price per Square Foot ...........................
$468
$606
$588
$626
33.8%
Properties Sold .......................................................
7
24
8
12
71.4%
Properties Pending Sale .......................................
10
24
13
16
60.0%
Properties For Sale ................................................
53
56
57
66
24.5%
Days on Market (Pending Sale) ...........................
49
63
51
34
-30.6%
Month’s Supply of Inventory ................................
7.6
2.3
7.1
5.5
-27.4%
Percent Under Contract ........................................
18.9%
42.9%
22.8%
24.2%
28.5%
Average Median Price for Last 12 Months ........
$938,000
$1,350,741
$1,312,083
$1,225,496
23.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$915
Mar
$1,401,250
Apr May
median sales price
Jun
$626
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Beverly Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,713,500
$5,255,000
$4,797,500
$5,600,000
106.4%
Average Price per Square Foot ...........................
$935
$1,189
$1,225
$1,410
50.8%
Properties Sold .......................................................
6
21
10
10
66.7%
Properties Pending Sale .......................................
13
18
12
18
38.5%
Properties For Sale ................................................
98
105
98
89
-9.2%
Days on Market (Pending Sale) ...........................
125
68
137
64
-48.8%
Month’s Supply of Inventory ................................
16.3
5
9.8
8.9
-45.5%
Percent Under Contract ........................................
13.3%
17.1%
12.2%
20.2%
52.5%
Average Median Price for Last 12 Months ........
$4,246,000
$5,322,650
$5,672,800
$4,619,954
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$2.713
Mar
$5,600,000
Apr May
median sales price
Jun
$1,410
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
8.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$5.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,750,000
$2,390,000
$1,679,000
$2,225,000
27.1%
Average Price per Square Foot ...........................
$654
$691
$740
$637
-2.6%
Properties Sold .......................................................
13
12
12
9
-30.8%
Properties Pending Sale .......................................
15
14
12
7
-53.3%
Properties For Sale ................................................
111
123
116
107
-3.6%
Days on Market (Pending Sale) ...........................
88
78
64
88
0.0%
Month’s Supply of Inventory ................................
8.5
10.2
9.7
11.9
39.2%
Percent Under Contract ........................................
13.5%
11.4%
10.3%
6.5%
-51.6%
Average Median Price for Last 12 Months ........
$1,900,000
$2,026,083
$2,145,833
$2,091,475
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.750
Mar
$2,225,000
Apr May
median sales price
Jun
$637
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
11.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Beverlywood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$770,000
$750,000
$849,000
$846,000
9.9%
Average Price per Square Foot ...........................
$528
$505
$533
$545
3.2%
Properties Sold .......................................................
8
13
14
8
0.0%
Properties Pending Sale .......................................
13
15
14
21
61.5%
Properties For Sale ................................................
36
54
56
57
58.3%
Days on Market (Pending Sale) ...........................
41
44
31
36
-12.2%
Month’s Supply of Inventory ................................
4.5
4.2
4
7.1
58.3%
Percent Under Contract ........................................
36.1%
27.8%
25.0%
36.8%
2.0%
Average Median Price for Last 12 Months ........
$793,000
$995,417
$1,014,500
$885,793
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$770
Mar
$846,000
Apr May
median sales price
Jun
$545
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$846 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Brentwood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,225,000
$2,218,000
$2,082,500
$4,050,000
82.0%
Average Price per Square Foot ...........................
$821
$814
$780
$952
16.0%
Properties Sold .......................................................
19
22
16
13
-31.6%
Properties Pending Sale .......................................
16
15
19
9
-43.8%
Properties For Sale ................................................
88
100
104
84
-4.5%
Days on Market (Pending Sale) ...........................
73
48
54
27
-63.0%
Month’s Supply of Inventory ................................
4.6
4.5
6.5
6.5
39.5%
Percent Under Contract ........................................
18.2%
15.0%
18.3%
10.7%
-41.1%
Average Median Price for Last 12 Months ........
$1,906,000
$2,573,880
$2,880,926
$2,450,868
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$2.225
Mar
$4,050,000
Apr May
median sales price
Jun
$952
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$4.050 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 : February 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,145,000
$1,343,750
$1,511,500
$2,000,000
74.7%
Average Price per Square Foot ...........................
$748
$616
$605
$509
-32.0%
Properties Sold .......................................................
2
10
4
3
50.0%
Properties Pending Sale .......................................
7
9
3
4
-42.9%
Properties For Sale ................................................
21
20
14
12
-42.9%
Days on Market (Pending Sale) ...........................
31
56
32
9
-71.0%
Month’s Supply of Inventory ................................
10.5
2
3.5
4
-61.9%
Percent Under Contract ........................................
33.3%
45.0%
21.4%
33.3%
0.0%
Average Median Price for Last 12 Months ........
$1,330,000
$1,588,167
$1,743,000
$1,484,346
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.145
Mar
$2,000,000
Apr May
median sales price
Jun
$509
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Culver City DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$720,000
$849,000
$790,750
$807,500
12.2%
Average Price per Square Foot ...........................
$467
$504
$575
$529
13.3%
Properties Sold .......................................................
15
25
8
12
-20.0%
Properties Pending Sale .......................................
13
23
12
9
-30.8%
Properties For Sale ................................................
31
57
36
29
-6.5%
Days on Market (Pending Sale) ...........................
43
29
43
60
39.5%
Month’s Supply of Inventory ................................
2.1
2.3
4.5
2.4
16.9%
Percent Under Contract ........................................
41.9%
40.4%
33.3%
31.0%
-26.0%
Average Median Price for Last 12 Months ........
$660,000
$797,583
$802,500
$795,966
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$720
Mar
$807,500
Apr May
median sales price
Jun
$529
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$807 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$930,000
$1,125,000
$1,475,000
$1,724,950
85.5%
Average Price per Square Foot ...........................
$447
$454
$592
$641
43.4%
Properties Sold .......................................................
11
21
23
20
81.8%
Properties Pending Sale .......................................
14
26
16
20
42.9%
Properties For Sale ................................................
76
99
98
81
6.6%
Days on Market (Pending Sale) ...........................
50
51
47
61
22.0%
Month’s Supply of Inventory ................................
6.9
4.7
4.3
4
-41.4%
Percent Under Contract ........................................
18.4%
26.3%
16.3%
24.7%
34.0%
Average Median Price for Last 12 Months ........
$1,011,000
$1,410,304
$1,468,733
$1,236,698
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$930
Mar
$1,724,950
Apr May
median sales price
Jun
$641
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.724 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Hollywood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,160,000
$744,000
$618,000
$2,200,000
89.7%
Average Price per Square Foot ...........................
$565
$395
$423
$639
13.1%
Properties Sold .......................................................
3
4
5
1
-66.7%
Properties Pending Sale .......................................
3
3
3
4
33.3%
Properties For Sale ................................................
17
20
16
17
0.0%
Days on Market (Pending Sale) ...........................
15
35
58
99
560.0%
Month’s Supply of Inventory ................................
5.7
5
3.2
17
200.0%
Percent Under Contract ........................................
17.6%
15.0%
18.8%
23.5%
33.3%
Average Median Price for Last 12 Months ........
$655,000
$902,000
$1,344,750
$765,750
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.160
Mar
$2,200,000
Apr May
median sales price
Jun
$639
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
17 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.200 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 : February 2014
telesproperties.com
Hollywood Hills East DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$960,000
$944,600
$1,041,000
$1,597,000
66.4%
Average Price per Square Foot ...........................
$463
$551
$518
$583
25.9%
Properties Sold .......................................................
15
18
10
7
-53.3%
Properties Pending Sale .......................................
13
19
4
7
-46.2%
Properties For Sale ................................................
56
61
45
46
-17.9%
Days on Market (Pending Sale) ...........................
83
40
29
73
-12.0%
Month’s Supply of Inventory ................................
4.3
3.2
11.2
6.6
52.6%
Percent Under Contract ........................................
23.2%
31.1%
8.9%
15.2%
-34.4%
Average Median Price for Last 12 Months ........
$951,000
$1,274,208
$1,479,333
$1,130,912
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$960
Mar
$1,597,000
Apr May
median sales price
Jun
$583
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Laurel Canyon DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,160,000
$1,279,615
$1,243,500
$1,385,000
19.4%
Average Price per Square Foot ...........................
$504
$622
$563
$601
19.2%
Properties Sold .......................................................
17
25
17
24
41.2%
Properties Pending Sale .......................................
15
14
15
29
93.3%
Properties For Sale ................................................
106
124
130
129
21.7%
Days on Market (Pending Sale) ...........................
70
35
64
67
-4.3%
Month’s Supply of Inventory ................................
7.1
8.9
8.7
5.4
-23.9%
Percent Under Contract ........................................
14.2%
11.3%
11.5%
22.5%
58.9%
Average Median Price for Last 12 Months ........
$1,148,000
$1,289,782
$1,287,147
$1,235,754
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.160
Mar
$1,385,000
Apr May
median sales price
Jun
$601
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.385 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 : February 2014
telesproperties.com
Los Feliz DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,440,000
$989,000
$1,097,000
$1,150,000
-20.1%
Average Price per Square Foot ...........................
$489
$543
$540
$567
16.0%
Properties Sold .......................................................
9
23
12
15
66.7%
Properties Pending Sale .......................................
21
14
12
18
-14.3%
Properties For Sale ................................................
81
62
72
77
-4.9%
Days on Market (Pending Sale) ...........................
29
79
52
39
34.5%
Month’s Supply of Inventory ................................
3.9
4.4
6
5.1
33.1%
Percent Under Contract ........................................
25.9%
22.6%
16.7%
23.4%
-9.8%
Average Median Price for Last 12 Months ........
$1,005,000
$1,342,167
$1,269,000
$1,227,267
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.440
Mar
$1,150,000
Apr May
median sales price
Jun
$567
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Malibu DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,900,000
$2,025,000
$1,837,500
$2,091,959
10.1%
Average Price per Square Foot ...........................
$545
$775
$808
$671
23.1%
Properties Sold .......................................................
10
10
18
14
40.0%
Properties Pending Sale .......................................
17
20
15
14
-17.6%
Properties For Sale ................................................
166
224
182
173
4.2%
Days on Market (Pending Sale) ...........................
99
98
114
197
99.0%
Month’s Supply of Inventory ................................
16.6
22.4
10.1
12.4
-25.6%
Percent Under Contract ........................................
10.2%
8.9%
8.2%
8.1%
-21.0%
Average Median Price for Last 12 Months ........
$1,770,000
$2,253,868
$2,562,320
$2,073,401
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.900
Mar
$2,091,959
Apr May
median sales price
Jun
$671
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
12.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.091 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Malibu Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$12,000,000
$8,374,125
$5,075,000
$6,662,500
-44.5%
Average Price per Square Foot ...........................
$2,221
$2,667
$1,443
$2,630
18.4%
Properties Sold .......................................................
2
4
2
4
100.0%
Properties Pending Sale .......................................
4
2
11
3
-25.0%
Properties For Sale ................................................
85
79
70
61
-28.2%
Days on Market (Pending Sale) ...........................
267
108
178
77
-71.2%
Month’s Supply of Inventory ................................
42.5
19.8
35
15.2
-64.1%
Percent Under Contract ........................................
4.7%
2.5%
15.7%
4.9%
4.5%
Average Median Price for Last 12 Months ........
$5,999,000
$6,801,250
$5,226,250
$6,277,913
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $12.000
Feb Mar
$6,662,500
Apr May
median sales price
Jun
$2,630
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
15.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$6.662 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Marina Del Rey DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,775,000
$1,250,000
$1,900,000
$1,715,000
-3.4%
Average Price per Square Foot ...........................
$502
$389
$544
$522
4.0%
Properties Sold .......................................................
3
3
3
5
66.7%
Properties Pending Sale .......................................
6
2
2
7
16.7%
Properties For Sale ................................................
23
21
24
26
13.0%
Days on Market (Pending Sale) ...........................
77
65
37
30
-61.0%
Month’s Supply of Inventory ................................
7.7
7
8
5.2
-32.2%
Percent Under Contract ........................................
26.1%
9.5%
8.3%
26.9%
3.2%
Average Median Price for Last 12 Months ........
$1,324,000
$1,593,500
$1,820,000
$1,596,148
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.775
Mar
$1,715,000
Apr May
median sales price
Jun
$522
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.715 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 : February 2014
telesproperties.com
Mid Los Angeles DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$338,000
$435,000
$490,000
$461,562
36.6%
Average Price per Square Foot ...........................
$223
$302
$295
$338
51.6%
Properties Sold .......................................................
17
13
17
16
-5.9%
Properties Pending Sale .......................................
19
19
22
19
0.0%
Properties For Sale ................................................
50
83
71
60
20.0%
Days on Market (Pending Sale) ...........................
44
29
42
46
4.5%
Month’s Supply of Inventory ................................
2.9
6.4
4.2
3.8
27.5%
Percent Under Contract ........................................
38.0%
22.9%
31.0%
31.7%
-16.7%
Average Median Price for Last 12 Months ........
$311,000
$457,760
$470,521
$452,159
31.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$338
Mar
$461,562
Apr May
median sales price
Jun
$338
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$461 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Mid Wilshire DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$470,000
$500,000
$562,000
$0
-100.0%
Average Price per Square Foot ...........................
$375
$285
$308
$0
-100.0%
Properties Sold .......................................................
1
5
3
0
-100.0%
Properties Pending Sale .......................................
4
8
2
0
-100.0%
Properties For Sale ................................................
18
24
11
13
-27.8%
Days on Market (Pending Sale) ...........................
42
33
34
0
-100.0%
Month’s Supply of Inventory ................................
18
4.8
3.7
0
0%
Percent Under Contract ........................................
22.2%
33.3%
18.2%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$418,000
$584,800
$596,250
$517,523
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$470
Mar
No sales
Apr May
median sales price
Jun
No sales
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
No sales MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Pacific Palisades DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,670,000
$2,200,000
$2,275,000
$2,935,000
9.9%
Average Price per Square Foot ...........................
$990
$802
$909
$948
-4.2%
Properties Sold .......................................................
15
37
14
16
6.7%
Properties Pending Sale .......................................
23
34
20
26
13.0%
Properties For Sale ................................................
114
119
120
110
-3.5%
Days on Market (Pending Sale) ...........................
108
64
57
50
-53.7%
Month’s Supply of Inventory ................................
7.6
3.2
8.6
6.9
-9.5%
Percent Under Contract ........................................
20.2%
28.6%
16.7%
23.6%
17.2%
Average Median Price for Last 12 Months ........
$2,069,000
$2,577,384
$2,744,000
$2,401,961
13.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$2.670
Mar
$2,935,000
Apr May
median sales price
Jun
$948
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.935 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Palms - Mar Vista DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$876,725
$994,000
$1,121,000
$1,120,000
27.7%
Average Price per Square Foot ...........................
$500
$599
$617
$580
16.0%
Properties Sold .......................................................
12
26
26
13
8.3%
Properties Pending Sale .......................................
28
27
21
20
-28.6%
Properties For Sale ................................................
62
69
58
56
-9.7%
Days on Market (Pending Sale) ...........................
44
29
40
38
-13.6%
Month’s Supply of Inventory ................................
5.2
2.7
2.2
4.3
-16.6%
Percent Under Contract ........................................
45.2%
39.1%
36.2%
35.7%
-20.9%
Average Median Price for Last 12 Months ........
$777,000
$991,425
$976,667
$938,252
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$876
Mar
$1,120,000
Apr May
median sales price
Jun
$580
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Playa Del Rey DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,365,500
$1,277,500
$1,036,000
$1,186,046
-13.1%
Average Price per Square Foot ...........................
$626
$546
$707
$491
-21.6%
Properties Sold .......................................................
2
3
5
4
100.0%
Properties Pending Sale .......................................
5
4
1
3
-40.0%
Properties For Sale ................................................
20
22
11
11
-45.0%
Days on Market (Pending Sale) ...........................
61
106
49
39
-36.1%
Month’s Supply of Inventory ................................
10
7.3
2.2
2.8
-72.5%
Percent Under Contract ........................................
25.0%
18.2%
9.1%
27.3%
9.1%
Average Median Price for Last 12 Months ........
$1,009,000
$1,161,959
$1,094,585
$1,203,635
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.365
Mar
$1,186,046
Apr May
median sales price
Jun
$491
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.186 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Playa Vista DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$0
$1,370,000
$0
$1,134,995
0%
Average Price per Square Foot ...........................
$0
$396
$0
$478
0%
Properties Sold .......................................................
0
3
0
1
0%
Properties Pending Sale .......................................
0
1
1
1
0%
Properties For Sale ................................................
4
7
5
9
125.0%
Days on Market (Pending Sale) ...........................
0
221
6
400
0%
Month’s Supply of Inventory ................................
0
2.3
0
9
0%
Percent Under Contract ........................................
0.0%
14.3%
20.0%
11.1%
0%
Average Median Price for Last 12 Months ........
$1,116,000
$1,262,498
$1,297,498
$1,317,749
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb Mar
$1,134,995
Apr May
median sales price
Jun
$478
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.134 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Santa Monica DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,375,000
$1,768,000
$2,085,750
$1,896,000
37.9%
Average Price per Square Foot ...........................
$918
$867
$794
$862
-6.1%
Properties Sold .......................................................
13
23
19
13
0.0%
Properties Pending Sale .......................................
13
20
15
16
23.1%
Properties For Sale ................................................
70
83
79
68
-2.9%
Days on Market (Pending Sale) ...........................
59
45
40
57
-3.4%
Month’s Supply of Inventory ................................
5.4
3.6
4.2
5.2
-2.9%
Percent Under Contract ........................................
18.6%
24.1%
19.0%
23.5%
26.7%
Average Median Price for Last 12 Months ........
$1,852,000
$1,822,042
$1,631,333
$1,900,875
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.375
Mar
$1,896,000
Apr May
median sales price
Jun
$862
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.896 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,425,000
$1,386,500
$1,400,000
$1,585,980
11.3%
Average Price per Square Foot ...........................
$723
$702
$698
$772
6.8%
Properties Sold .......................................................
23
40
27
31
34.8%
Properties Pending Sale .......................................
36
35
28
37
2.8%
Properties For Sale ................................................
203
257
242
225
10.8%
Days on Market (Pending Sale) ...........................
86
46
64
77
-10.5%
Month’s Supply of Inventory ................................
8.8
6.4
9
7.3
-17.8%
Percent Under Contract ........................................
17.7%
13.6%
11.6%
16.4%
-7.3%
Average Median Price for Last 12 Months ........
$1,365,000
$1,446,413
$1,487,493
$1,467,038
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.425
Mar
$1,585,980
Apr May
median sales price
Jun
$772
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Venice DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,085,000
$1,350,000
$1,175,000
$1,425,000
31.3%
Average Price per Square Foot ...........................
$780
$791
$878
$1,030
32.1%
Properties Sold .......................................................
10
21
17
9
-10.0%
Properties Pending Sale .......................................
13
30
12
15
15.4%
Properties For Sale ................................................
58
86
53
57
-1.7%
Days on Market (Pending Sale) ...........................
81
38
75
24
-70.4%
Month’s Supply of Inventory ................................
5.8
4.1
3.1
6.3
9.2%
Percent Under Contract ........................................
22.4%
34.9%
22.6%
26.3%
17.4%
Average Median Price for Last 12 Months ........
$1,169,000
$1,373,750
$1,429,167
$1,362,154
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.085
Mar
$1,425,000
Apr May
median sales price
Jun
$1,030
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West Hollywood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,362,500
$1,138,500
$1,050,000
$1,055,000
-22.6%
Average Price per Square Foot ...........................
$750
$667
$744
$699
-6.8%
Properties Sold .......................................................
8
7
5
6
-25.0%
Properties Pending Sale .......................................
13
8
10
11
-15.4%
Properties For Sale ................................................
46
44
56
42
-8.7%
Days on Market (Pending Sale) ...........................
81
40
77
46
-43.2%
Month’s Supply of Inventory ................................
5.8
6.3
11.2
7
21.7%
Percent Under Contract ........................................
28.3%
18.2%
17.9%
26.2%
-7.3%
Average Median Price for Last 12 Months ........
$1,096,000
$1,159,439
$1,131,378
$1,144,822
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.362
Feb Mar
$1,055,000
Apr May
median sales price
Jun
$699
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.055 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West Los Angeles DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$530,000
$881,250
$845,000
$788,000
48.7%
Average Price per Square Foot ...........................
$371
$688
$692
$641
72.8%
Properties Sold .......................................................
3
4
7
5
66.7%
Properties Pending Sale .......................................
13
11
7
4
-69.2%
Properties For Sale ................................................
24
25
20
14
-41.7%
Days on Market (Pending Sale) ...........................
43
25
50
13
-69.8%
Month’s Supply of Inventory ................................
8
6.2
2.9
2.8
-65.0%
Percent Under Contract ........................................
54.2%
44.0%
35.0%
28.6%
-47.3%
Average Median Price for Last 12 Months ........
$617,000
$795,567
$809,500
$786,583
27.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$530
Mar
$788,000
Apr May
median sales price
Jun
$641
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Westchester DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$835,000
$842,500
$760,000
$800,000
-4.2%
Average Price per Square Foot ...........................
$389
$457
$488
$443
13.9%
Properties Sold .......................................................
7
34
25
12
71.4%
Properties Pending Sale .......................................
19
30
17
16
-15.8%
Properties For Sale ................................................
41
62
38
42
2.4%
Days on Market (Pending Sale) ...........................
78
30
31
20
-74.4%
Month’s Supply of Inventory ................................
5.9
1.8
1.5
3.5
-40.2%
Percent Under Contract ........................................
46.3%
48.4%
44.7%
38.1%
-17.8%
Average Median Price for Last 12 Months ........
$647,000
$818,750
$878,333
$791,923
22.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$835
Mar
$800,000
Apr May
median sales price
Jun
$443
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
South Bay Macro Market DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$923,633
$1,470,444
$980,125
$953,875
3.3%
Average Price per Square Foot ...........................
$431
$439
$453
$495
14.7%
Properties Sold .......................................................
126
223
151
116
-7.9%
Properties Pending Sale .......................................
172
233
175
169
-1.7%
Properties For Sale ................................................
494
722
580
530
7.3%
Days on Market (Pending Sale) ...........................
47
47
77
40
-14.1%
Month’s Supply of Inventory ................................
3.9
3.2
3.8
4.6
16.5%
Percent Under Contract ........................................
34.8%
32.3%
30.2%
31.9%
-8.4%
Average Median Price for Last 12 Months ........
$1,173,250
$1,106,574
$1,169,606
$1,338,731
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.149
Mar
$953,875
Apr May
median sales price
Jun
$495
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.135 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Manhattan Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,338,800
$1,925,000
$1,989,500
$1,900,000
41.9%
Average Price per Square Foot ...........................
$1,020
$706
$762
$1,025
0.5%
Properties Sold .......................................................
11
29
20
21
90.9%
Properties Pending Sale .......................................
23
26
23
28
21.7%
Properties For Sale ................................................
67
82
59
67
0.0%
Days on Market (Pending Sale) ...........................
46
43
55
24
-47.8%
Month’s Supply of Inventory ................................
6.1
2.8
3
3.2
-47.6%
Percent Under Contract ........................................
34.3%
31.7%
39.0%
41.8%
21.7%
Average Median Price for Last 12 Months ........
$1,510,000
$1,829,000
$1,889,833
$1,793,562
18.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.338
Mar
$1,900,000
Apr May
median sales price
Jun
$1,025
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Palos Verdes Estates DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,025,000
$1,700,000
$1,500,000
$1,387,500
-31.5%
Average Price per Square Foot ...........................
$557
$609
$563
$616
10.6%
Properties Sold .......................................................
11
15
13
8
-27.3%
Properties Pending Sale .......................................
9
21
11
11
22.2%
Properties For Sale ................................................
43
68
52
54
25.6%
Days on Market (Pending Sale) ...........................
104
46
121
64
-38.5%
Month’s Supply of Inventory ................................
3.9
4.5
4
6.8
72.7%
Percent Under Contract ........................................
20.9%
30.9%
21.2%
20.4%
-2.7%
Average Median Price for Last 12 Months ........
$1,482,000
$1,537,417
$1,586,833
$1,629,000
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.025
Feb Mar
$1,387,500
Apr May
median sales price
Jun
$616
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.387 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Rancho Palos Verdes DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$999,500
$1,150,000
$1,195,000
$1,280,000
28.1%
Average Price per Square Foot ...........................
$406
$482
$525
$435
7.1%
Properties Sold .......................................................
24
42
31
15
-37.5%
Properties Pending Sale .......................................
33
36
24
18
-45.5%
Properties For Sale ................................................
100
140
108
91
-9.0%
Days on Market (Pending Sale) ...........................
76
39
74
50
-34.2%
Month’s Supply of Inventory ................................
4.2
3.3
3.5
6.1
45.6%
Percent Under Contract ........................................
33.0%
25.7%
22.2%
19.8%
-40.1%
Average Median Price for Last 12 Months ........
$962,000
$1,158,833
$1,193,333
$1,127,745
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$999
Mar
$1,280,000
Apr May
median sales price
Jun
$435
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Redondo Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$925,000
$866,000
$809,000
$871,000
-5.8%
Average Price per Square Foot ...........................
$446
$480
$523
$655
46.9%
Properties Sold .......................................................
25
31
15
12
-52.0%
Properties Pending Sale .......................................
36
41
30
33
-8.3%
Properties For Sale ................................................
81
97
89
71
-12.3%
Days on Market (Pending Sale) ...........................
42
34
31
27
-35.7%
Month’s Supply of Inventory ................................
3.2
3.1
5.9
5.9
82.6%
Percent Under Contract ........................................
44.4%
42.3%
33.7%
46.5%
4.6%
Average Median Price for Last 12 Months ........
$738,000
$848,250
$848,667
$855,115
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$925
Mar
$871,000
Apr May
median sales price
Jun
$655
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$871 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Rolling Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$0
$5,200,000
$0
$0
0%
Average Price per Square Foot ...........................
$0
$433
$0
$0
0%
Properties Sold .......................................................
0
1
0
0
0%
Properties Pending Sale .......................................
0
5
2
3
0%
Properties For Sale ................................................
19
19
14
18
-5.3%
Days on Market (Pending Sale) ...........................
0
122
220
50
0%
Month’s Supply of Inventory ................................
0
19
0
0
0%
Percent Under Contract ........................................
0.0%
26.3%
14.3%
16.7%
0%
Average Median Price for Last 12 Months ........
$2,547,000
$2,795,125
$3,587,500
$2,909,500
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb Mar
No sales
Apr May
median sales price
Jun
No sales
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
No sales MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Rolling Hills Estates DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,123,500
$1,297,500
$1,322,500
$1,095,000
-2.5%
Average Price per Square Foot ...........................
$405
$522
$507
$489
20.7%
Properties Sold .......................................................
6
8
8
5
-16.7%
Properties Pending Sale .......................................
9
14
3
3
-66.7%
Properties For Sale ................................................
18
31
9
18
0.0%
Days on Market (Pending Sale) ...........................
69
59
95
39
-43.5%
Month’s Supply of Inventory ................................
3
3.9
1.1
3.6
20.0%
Percent Under Contract ........................................
50.0%
45.2%
33.3%
16.7%
-66.7%
Average Median Price for Last 12 Months ........
$1,165,000
$1,269,167
$1,160,833
$1,283,827
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.123
Mar
$1,095,000
Apr May
median sales price
Jun
$489
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.095 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
San Pedro DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$398,766
$443,000
$460,000
$470,000
17.9%
Average Price per Square Foot ...........................
$247
$341
$356
$325
31.6%
Properties Sold .......................................................
21
35
27
23
9.5%
Properties Pending Sale .......................................
30
41
32
27
-10.0%
Properties For Sale ................................................
83
133
125
112
34.9%
Days on Market (Pending Sale) ...........................
51
43
63
71
39.2%
Month’s Supply of Inventory ................................
4
3.8
4.6
4.9
23.2%
Percent Under Contract ........................................
36.1%
30.8%
25.6%
24.1%
-33.3%
Average Median Price for Last 12 Months ........
$428,000
$496,000
$505,667
$484,482
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$398
Mar
$470,000
Apr May
median sales price
Jun
$325
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$470 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$685,071
$731,143
$675,000
$746,071
8.9%
Average Price per Square Foot ...........................
$340
$368
$361
$361
6.1%
Properties Sold .......................................................
351
575
429
277
-21.1%
Properties Pending Sale .......................................
469
544
485
411
-12.4%
Properties For Sale ................................................
632
982
917
821
29.9%
Days on Market (Pending Sale) ...........................
69
50
56
57
-17.1%
Month’s Supply of Inventory ................................
1.8
1.7
2.1
3
64.6%
Percent Under Contract ........................................
74.2%
55.4%
52.9%
50.1%
-32.5%
Average Median Price for Last 12 Months ........
$592,935
$721,488
$741,833
$697,615
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$578
Mar
$746,071
Apr May
median sales price
Jun
$361
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$627 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Burbank DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$528,000
$595,000
$607,000
$655,000
24.1%
Average Price per Square Foot ...........................
$348
$406
$378
$412
18.4%
Properties Sold .......................................................
46
62
46
39
-15.2%
Properties Pending Sale .......................................
47
56
50
56
19.1%
Properties For Sale ................................................
51
78
77
77
51.0%
Days on Market (Pending Sale) ...........................
56
35
43
50
-10.7%
Month’s Supply of Inventory ................................
1.1
1.3
1.7
2
78.1%
Percent Under Contract ........................................
92.2%
71.8%
64.9%
72.7%
-21.1%
Average Median Price for Last 12 Months ........
$499,538
$614,500
$621,667
$601,538
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$528
Mar
$655,000
Apr May
median sales price
Jun
$412
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Encino DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$935,000
$994,000
$850,000
$1,423,000
52.2%
Average Price per Square Foot ...........................
$362
$413
$379
$435
20.2%
Properties Sold .......................................................
26
36
33
20
-23.1%
Properties Pending Sale .......................................
45
29
42
36
-20.0%
Properties For Sale ................................................
64
108
88
76
18.8%
Days on Market (Pending Sale) ...........................
106
47
61
97
-8.5%
Month’s Supply of Inventory ................................
2.5
3
2.7
3.8
54.4%
Percent Under Contract ........................................
70.3%
26.9%
47.7%
47.4%
-32.6%
Average Median Price for Last 12 Months ........
$778,538
$1,035,333
$1,048,667
$956,308
22.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$935
Mar
$1,423,000
Apr May
median sales price
Jun
$435
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.423 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Glendale DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$673,000
$700,000
$720,000
$713,000
5.9%
Average Price per Square Foot ...........................
$336
$375
$382
$392
16.7%
Properties Sold .......................................................
45
83
63
28
-37.8%
Properties Pending Sale .......................................
62
73
69
44
-29.0%
Properties For Sale ................................................
67
110
100
95
41.8%
Days on Market (Pending Sale) ...........................
63
48
47
50
-20.6%
Month’s Supply of Inventory ................................
1.5
1.3
1.6
3.4
127.9%
Percent Under Contract ........................................
92.5%
66.4%
69.0%
46.3%
-49.9%
Average Median Price for Last 12 Months ........
$590,077
$710,833
$732,667
$686,538
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$673
Mar
$713,000
Apr May
median sales price
Jun
$392
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$713 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
La Crescenta DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$540,000
$773,000
$532,000
$658,000
21.9%
Average Price per Square Foot ...........................
$354
$411
$383
$407
15.0%
Properties Sold .......................................................
9
18
18
11
22.2%
Properties Pending Sale .......................................
11
21
20
14
27.3%
Properties For Sale ................................................
16
33
27
24
50.0%
Days on Market (Pending Sale) ...........................
36
38
59
48
33.3%
Month’s Supply of Inventory ................................
1.8
1.8
1.5
2.2
22.7%
Percent Under Contract ........................................
68.8%
63.6%
74.1%
58.3%
-15.2%
Average Median Price for Last 12 Months ........
$560,769
$619,000
$660,667
$641,154
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$540
Mar
$658,000
Apr May
median sales price
Jun
$407
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$658 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
North Hollywood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$358,000
$400,000
$409,000
$435,000
21.5%
Average Price per Square Foot ...........................
$277
$306
$331
$294
6.1%
Properties Sold .......................................................
28
44
48
31
10.7%
Properties Pending Sale .......................................
39
47
45
36
-7.7%
Properties For Sale ................................................
46
62
68
75
63.0%
Days on Market (Pending Sale) ...........................
76
39
50
47
-38.2%
Month’s Supply of Inventory ................................
1.6
1.4
1.4
2.4
47.3%
Percent Under Contract ........................................
84.8%
75.8%
66.2%
48.0%
-43.4%
Average Median Price for Last 12 Months ........
$309,231
$408,000
$410,333
$394,923
27.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$358
Mar
$435,000
Apr May
median sales price
Jun
$294
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Shadow Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$480,000
$865,000
$542,000
$945,000
96.9%
Average Price per Square Foot ...........................
$391
$319
$279
$278
-28.9%
Properties Sold .......................................................
2
5
2
1
-50.0%
Properties Pending Sale .......................................
2
2
2
4
100.0%
Properties For Sale ................................................
6
19
13
7
16.7%
Days on Market (Pending Sale) ...........................
10
109
76
2
-80.0%
Month’s Supply of Inventory ................................
3
3.8
6.5
7
133.3%
Percent Under Contract ........................................
33.3%
10.5%
15.4%
57.1%
71.4%
Average Median Price for Last 12 Months ........
$590,083
$760,500
$866,000
$696,615
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$480
Mar
$945,000
Apr May
median sales price
Jun
$278
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$945 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sherman Oaks DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$701,000
$828,000
$750,000
$925,000
32.0%
Average Price per Square Foot ...........................
$379
$433
$407
$436
15.0%
Properties Sold .......................................................
31
70
53
38
22.6%
Properties Pending Sale .......................................
43
65
59
54
25.6%
Properties For Sale ................................................
64
126
125
101
57.8%
Days on Market (Pending Sale) ...........................
64
50
56
61
-4.7%
Month’s Supply of Inventory ................................
2.1
1.8
2.4
2.7
28.7%
Percent Under Contract ........................................
67.2%
51.6%
47.2%
53.5%
-20.4%
Average Median Price for Last 12 Months ........
$698,692
$865,500
$932,667
$820,769
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$701
Mar
$925,000
Apr May
median sales price
Jun
$436
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Studio City DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$911,000
$1,163,000
$1,128,000
$1,085,000
19.1%
Average Price per Square Foot ...........................
$452
$472
$455
$479
6.0%
Properties Sold .......................................................
16
48
22
14
-12.5%
Properties Pending Sale .......................................
30
42
27
29
-3.3%
Properties For Sale ................................................
58
87
83
69
19.0%
Days on Market (Pending Sale) ...........................
41
57
67
42
2.4%
Month’s Supply of Inventory ................................
3.6
1.8
3.8
4.9
36.0%
Percent Under Contract ........................................
51.7%
48.3%
32.5%
42.0%
-18.7%
Average Median Price for Last 12 Months ........
$856,385
$1,074,000
$1,077,000
$1,007,154
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$911
Mar
$1,085,000
Apr May
median sales price
Jun
$479
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.085 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sun Valley DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$320,000
$366,000
$407,000
$390,000
21.9%
Average Price per Square Foot ...........................
$249
$256
$268
$241
-3.2%
Properties Sold .......................................................
23
24
22
10
-56.5%
Properties Pending Sale .......................................
23
22
23
8
-65.2%
Properties For Sale ................................................
27
41
38
33
22.2%
Days on Market (Pending Sale) ...........................
50
30
54
37
-26.0%
Month’s Supply of Inventory ................................
1.2
1.7
1.7
3.3
181.1%
Percent Under Contract ........................................
85.2%
53.7%
60.5%
24.2%
-71.5%
Average Median Price for Last 12 Months ........
$283,308
$370,333
$370,000
$351,231
24.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$320
Mar
$390,000
Apr May
median sales price
Jun
$241
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sunland/Tujunga DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$340,000
$446,000
$446,000
$446,000
31.2%
Average Price per Square Foot ...........................
$255
$264
$289
$314
23.1%
Properties Sold .......................................................
38
52
34
22
-42.1%
Properties Pending Sale .......................................
52
47
40
28
-46.2%
Properties For Sale ................................................
58
56
65
45
-22.4%
Days on Market (Pending Sale) ...........................
80
44
50
62
-22.5%
Month’s Supply of Inventory ................................
1.5
1.1
1.9
2
34.0%
Percent Under Contract ........................................
89.7%
83.9%
61.5%
62.2%
-30.6%
Average Median Price for Last 12 Months ........
$351,308
$423,000
$427,333
$402,462
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$340
Mar
$446,000
Apr May
median sales price
Jun
$314
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$446 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Tarzana DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$785,000
$700,000
$660,000
$705,000
-10.2%
Average Price per Square Foot ...........................
$289
$330
$325
$323
11.8%
Properties Sold .......................................................
15
31
19
18
20.0%
Properties Pending Sale .......................................
24
27
26
23
-4.2%
Properties For Sale ................................................
53
72
72
65
22.6%
Days on Market (Pending Sale) ...........................
128
60
58
64
-50.0%
Month’s Supply of Inventory ................................
3.5
2.3
3.8
3.6
2.2%
Percent Under Contract ........................................
45.3%
37.5%
36.1%
35.4%
-21.9%
Average Median Price for Last 12 Months ........
$640,077
$768,167
$773,667
$789,308
23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$785
Mar
$705,000
Apr May
median sales price
Jun
$323
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Toluca Lake DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,720,000
$1,033,000
$849,000
$740,000
-57.0%
Average Price per Square Foot ...........................
$414
$455
$438
$382
-7.7%
Properties Sold .......................................................
3
10
7
4
33.3%
Properties Pending Sale .......................................
10
9
4
11
10.0%
Properties For Sale ................................................
15
17
11
11
-26.7%
Days on Market (Pending Sale) ...........................
121
57
50
41
-66.1%
Month’s Supply of Inventory ................................
5
1.7
1.6
2.8
-45.0%
Percent Under Contract ........................................
66.7%
52.9%
36.4%
100.0%
50.0%
Average Median Price for Last 12 Months ........
$991,923
$1,026,167
$1,096,000
$1,049,462
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.720
Feb Mar
$740,000
Apr May
median sales price
Jun
$382
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Valley Village DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$750,000
$698,000
$895,000
$660,000
-12.0%
Average Price per Square Foot ...........................
$403
$398
$444
$357
-11.4%
Properties Sold .......................................................
10
16
9
6
-40.0%
Properties Pending Sale .......................................
10
22
15
10
0.0%
Properties For Sale ................................................
20
23
30
12
-40.0%
Days on Market (Pending Sale) ...........................
61
41
62
120
96.7%
Month’s Supply of Inventory ................................
2
1.4
3.3
2
0.0%
Percent Under Contract ........................................
50.0%
95.7%
50.0%
83.3%
66.7%
Average Median Price for Last 12 Months ........
$615,538
$770,667
$712,000
$728,769
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$750
Mar
$660,000
Apr May
median sales price
Jun
$357
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$814,667
$823,778
$830,333
$927,778
13.9%
Average Price per Square Foot ...........................
$389
$440
$446
$463
19.1%
Properties Sold .......................................................
186
306
200
159
-14.5%
Properties Pending Sale .......................................
217
305
214
214
-1.4%
Properties For Sale ................................................
371
514
428
350
-5.7%
Days on Market (Pending Sale) ...........................
73
39
42
57
-22.7%
Month’s Supply of Inventory ................................
2
1.7
2.1
2.2
10.4%
Percent Under Contract ........................................
58.5%
59.3%
50.0%
61.1%
4.5%
Average Median Price for Last 12 Months ........
$744,832
$889,556
$919,333
$869,376
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$550
Mar
$927,778
Apr May
median sales price
Jun
$463
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Altadena DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$485,000
$625,000
$543,000
$540,000
11.3%
Average Price per Square Foot ...........................
$323
$401
$417
$342
5.9%
Properties Sold .......................................................
38
41
31
18
-52.6%
Properties Pending Sale .......................................
37
39
39
33
-10.8%
Properties For Sale ................................................
49
54
53
40
-18.4%
Days on Market (Pending Sale) ...........................
84
37
42
50
-40.5%
Month’s Supply of Inventory ................................
1.3
1.3
1.7
2.2
72.3%
Percent Under Contract ........................................
75.5%
72.2%
73.6%
82.5%
9.3%
Average Median Price for Last 12 Months ........
$466,231
$564,667
$545,000
$570,923
22.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$485
Mar
$540,000
Apr May
median sales price
Jun
$342
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Arcadia DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,100,000
$1,200,000
$1,375,000
$1,580,000
43.6%
Average Price per Square Foot ...........................
$433
$539
$535
$567
30.9%
Properties Sold .......................................................
32
65
39
37
15.6%
Properties Pending Sale .......................................
41
59
34
41
0.0%
Properties For Sale ................................................
51
108
89
66
29.4%
Days on Market (Pending Sale) ...........................
69
42
54
75
8.7%
Month’s Supply of Inventory ................................
1.6
1.7
2.3
1.8
11.9%
Percent Under Contract ........................................
80.4%
54.6%
38.2%
62.1%
-22.7%
Average Median Price for Last 12 Months ........
$957,462
$1,422,500
$1,570,000
$1,299,077
35.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.100
Mar
$1,580,000
Apr May
median sales price
Jun
$567
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
1.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Duarte DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$355,000
$430,000
$436,000
$383,000
7.9%
Average Price per Square Foot ...........................
$246
$297
$316
$285
15.9%
Properties Sold .......................................................
9
14
4
16
77.8%
Properties Pending Sale .......................................
15
9
10
12
-20.0%
Properties For Sale ................................................
18
15
20
17
-5.6%
Days on Market (Pending Sale) ...........................
57
35
31
73
28.1%
Month’s Supply of Inventory ................................
2
1.1
5
1.1
-46.9%
Percent Under Contract ........................................
83.3%
60.0%
50.0%
70.6%
-15.3%
Average Median Price for Last 12 Months ........
$321,385
$375,167
$357,667
$378,385
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$355
Mar
$383,000
Apr May
median sales price
Jun
$285
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
1.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$383 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Eagle Rock DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$492,000
$582,000
$550,000
$599,000
21.7%
Average Price per Square Foot ...........................
$345
$415
$383
$374
8.4%
Properties Sold .......................................................
14
18
3
7
-50.0%
Properties Pending Sale .......................................
12
25
7
4
-66.7%
Properties For Sale ................................................
16
20
2
12
-25.0%
Days on Market (Pending Sale) ...........................
75
36
41
25
-66.7%
Month’s Supply of Inventory ................................
1.1
1.1
0.7
1.7
50.0%
Percent Under Contract ........................................
75.0%
125.0%
350.0%
33.3%
-55.6%
Average Median Price for Last 12 Months ........
$491,846
$574,333
$579,667
$555,000
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$492
Mar
$599,000
Apr May
median sales price
Jun
$374
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
1.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
La Canada Flintridge DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,165,000
$1,223,000
$1,150,000
$1,190,000
2.1%
Average Price per Square Foot ...........................
$451
$498
$537
$601
33.3%
Properties Sold .......................................................
13
27
19
16
23.1%
Properties Pending Sale .......................................
17
20
13
26
52.9%
Properties For Sale ................................................
37
58
42
46
24.3%
Days on Market (Pending Sale) ...........................
130
40
53
75
-42.3%
Month’s Supply of Inventory ................................
2.8
2.1
2.2
2.9
1.0%
Percent Under Contract ........................................
45.9%
34.5%
31.0%
56.5%
23.0%
Average Median Price for Last 12 Months ........
$1,106,923
$1,236,333
$1,309,333
$1,254,308
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.165
Mar
$1,190,000
Apr May
median sales price
Jun
$601
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Monrovia DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$555,000
$588,000
$532,000
$552,000
-0.5%
Average Price per Square Foot ...........................
$331
$395
$372
$372
12.4%
Properties Sold .......................................................
25
30
26
15
-40.0%
Properties Pending Sale .......................................
21
24
21
19
-9.5%
Properties For Sale ................................................
45
55
49
40
-11.1%
Days on Market (Pending Sale) ...........................
42
54
45
87
107.1%
Month’s Supply of Inventory ................................
1.8
1.8
1.9
2.7
48.1%
Percent Under Contract ........................................
46.7%
43.6%
42.9%
47.5%
1.8%
Average Median Price for Last 12 Months ........
$483,538
$530,500
$522,000
$531,846
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$555
Mar
$552,000
Apr May
median sales price
Jun
$372
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$552 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Pasadena DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$615,000
$731,000
$690,000
$605,000
-1.6%
Average Price per Square Foot ...........................
$423
$486
$434
$502
18.7%
Properties Sold .......................................................
61
97
75
47
-23.0%
Properties Pending Sale .......................................
70
100
80
68
-2.9%
Properties For Sale ................................................
143
167
162
126
-11.9%
Days on Market (Pending Sale) ...........................
58
43
47
63
8.6%
Month’s Supply of Inventory ................................
2.3
1.7
2.2
2.7
14.4%
Percent Under Contract ........................................
49.0%
59.9%
49.4%
54.0%
10.2%
Average Median Price for Last 12 Months ........
$597,000
$679,833
$658,333
$679,231
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$615
Mar
$605,000
Apr May
median sales price
Jun
$502
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$605 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
San Gabriel DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$535,000
$648,000
$600,000
$631,000
17.9%
Average Price per Square Foot ...........................
$369
$395
$405
$389
5.4%
Properties Sold .......................................................
16
30
19
16
0.0%
Properties Pending Sale .......................................
21
30
22
22
4.8%
Properties For Sale ................................................
46
77
53
43
-6.5%
Days on Market (Pending Sale) ...........................
68
44
49
93
36.8%
Month’s Supply of Inventory ................................
2.9
2.6
2.8
2.7
-6.5%
Percent Under Contract ........................................
45.7%
39.0%
41.5%
51.2%
12.1%
Average Median Price for Last 12 Months ........
$526,615
$636,833
$631,000
$611,231
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$535
Mar
$631,000
Apr May
median sales price
Jun
$389
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$631 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
San Marino DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,000,000
$1,525,000
$1,650,000
$2,280,000
14.0%
Average Price per Square Foot ...........................
$704
$702
$670
$821
16.6%
Properties Sold .......................................................
7
11
11
7
0.0%
Properties Pending Sale .......................................
10
11
13
10
0.0%
Properties For Sale ................................................
14
17
12
8
-42.9%
Days on Market (Pending Sale) ...........................
39
28
43
40
2.6%
Month’s Supply of Inventory ................................
2
1.5
1.1
1.1
-42.9%
Percent Under Contract ........................................
71.4%
64.7%
108.3%
125.0%
75.0%
Average Median Price for Last 12 Months ........
$1,673,308
$1,993,167
$2,136,667
$1,908,231
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$2.000
Mar
$2,280,000
Apr May
median sales price
Jun
$821
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
1.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sierra Madre DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$520,000
$755,000
$835,000
$840,000
61.5%
Average Price per Square Foot ...........................
$438
$450
$429
$457
4.3%
Properties Sold .......................................................
11
5
13
6
-45.5%
Properties Pending Sale .......................................
14
8
9
9
-35.7%
Properties For Sale ................................................
17
25
17
17
0.0%
Days on Market (Pending Sale) ...........................
38
47
62
32
-15.8%
Month’s Supply of Inventory ................................
1.5
5
1.3
2.8
83.3%
Percent Under Contract ........................................
82.4%
32.0%
52.9%
52.9%
-35.7%
Average Median Price for Last 12 Months ........
$668,385
$867,167
$850,667
$832,385
24.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$520
Mar
$840,000
Apr May
median sales price
Jun
$457
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
South Pasadena DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$940,000
$880,000
$915,000
$925,000
-1.6%
Average Price per Square Foot ...........................
$453
$526
$634
$575
26.9%
Properties Sold .......................................................
5
17
3
11
120.0%
Properties Pending Sale .......................................
9
21
6
10
11.1%
Properties For Sale ................................................
15
13
15
9
-40.0%
Days on Market (Pending Sale) ...........................
62
38
10
31
-50.0%
Month’s Supply of Inventory ................................
3
0.8
5
0.8
-72.7%
Percent Under Contract ........................................
60.0%
161.5%
40.0%
111.1%
85.2%
Average Median Price for Last 12 Months ........
$901,769
$898,333
$844,000
$946,385
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$940
Mar
$925,000
Apr May
median sales price
Jun
$575
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
0.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Orange County
Orange County Macro
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
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Ladera Ranch
San Clemente
Micro Market Report : February 2014
telesproperties.com
County: ORANGE Area: 948 sq miles Founded: 1889
Micro Market Report : February 2014
telesproperties.com
Orange County DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$570,000
$651,000
$648,250
$665,000
16.7%
Average Price per Square Foot ...........................
$339
$383
$383
$410
20.9%
Properties Sold .......................................................
1204
1791
1334
1029
-14.5%
Properties Pending Sale .......................................
1692
1682
1377
1464
-13.5%
Properties For Sale ................................................
4,936
6,710
6,033
5,784
17.2%
Days on Market (Pending Sale) ...........................
75
47
59
55
-26.7%
Month’s Supply of Inventory ................................
4.1
3.7
4.5
5.6
37.1%
Percent Under Contract ........................................
34.3%
25.1%
22.8%
25.3%
-26.2%
Average Median Price for Last 12 Months ........
$525,000
$650,325
$656,667
$635,227
21.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$570
Mar
$665,000
Apr May
median sales price
Jun
$410
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Balboa Peninsula DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,687,000
$2,625,000
$3,800,000
$3,304,000
95.9%
Average Price per Square Foot ...........................
$583
$1,046
$1,610
$1,217
108.7%
Properties Sold .......................................................
2
3
6
2
0.0%
Properties Pending Sale .......................................
4
1
4
7
75.0%
Properties For Sale ................................................
50
41
41
38
-24.0%
Days on Market (Pending Sale) ...........................
105
23
19
109
3.8%
Month’s Supply of Inventory ................................
25
13.7
6.8
19
-24.0%
Percent Under Contract ........................................
8.0%
2.4%
9.8%
18.4%
130.3%
Average Median Price for Last 12 Months ........
$2,048,000
$3,076,917
$2,893,000
$2,580,654
26.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.687
Mar
$3,304,000
Apr May
median sales price
Jun
$1,217
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
19 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$3.304 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,525,000
$2,297,500
$2,287,500
$2,500,000
63.9%
Average Price per Square Foot ...........................
$926
$1,030
$952
$1,010
9.1%
Properties Sold .......................................................
9
14
10
11
22.2%
Properties Pending Sale .......................................
18
15
15
12
-33.3%
Properties For Sale ................................................
77
77
65
58
-24.7%
Days on Market (Pending Sale) ...........................
106
63
101
62
-41.5%
Month’s Supply of Inventory ................................
8.6
5.5
6.5
5.3
-38.4%
Percent Under Contract ........................................
23.4%
19.5%
23.1%
20.7%
-11.5%
Average Median Price for Last 12 Months ........
$1,778,000
$2,528,375
$2,827,583
$2,364,192
33.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.525
Mar
$2,500,000
Apr May
median sales price
Jun
$1,010
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.500 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 : February 2014
telesproperties.com
Coto de Caza DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,053,000
$936,200
$1,192,500
$1,210,000
14.9%
Average Price per Square Foot ...........................
$305
$307
$304
$355
16.4%
Properties Sold .......................................................
21
20
16
11
-47.6%
Properties Pending Sale .......................................
25
20
20
17
-32.0%
Properties For Sale ................................................
92
135
121
120
30.4%
Days on Market (Pending Sale) ...........................
62
35
106
69
11.3%
Month’s Supply of Inventory ................................
4.4
6.8
7.6
10.9
149.0%
Percent Under Contract ........................................
27.2%
14.8%
16.5%
14.2%
-47.9%
Average Median Price for Last 12 Months ........
$894,000
$1,100,750
$1,048,333
$1,060,573
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.053
Mar
$1,210,000
Apr May
median sales price
Jun
$355
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
10.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.210 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Crystal Cove DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$3,535,000
$3,950,000
$5,474,000
$4,160,000
17.7%
Average Price per Square Foot ...........................
$926
$998
$1,033
$1,202
29.8%
Properties Sold .......................................................
6
6
2
3
-50.0%
Properties Pending Sale .......................................
6
3
0
4
-33.3%
Properties For Sale ................................................
28
22
21
18
-35.7%
Days on Market (Pending Sale) ...........................
68
117
0
146
114.7%
Month’s Supply of Inventory ................................
4.7
3.7
10.5
6
28.6%
Percent Under Contract ........................................
21.4%
13.6%
0.0%
22.2%
3.7%
Average Median Price for Last 12 Months ........
$4,154,000
$4,663,417
$4,306,333
$4,495,423
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$3.535
Mar
$4,160,000
Apr May
median sales price
Jun
$1,202
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$4.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Dana Point DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$844,000
$897,000
$827,500
$914,500
8.4%
Average Price per Square Foot ...........................
$426
$529
$440
$708
66.2%
Properties Sold .......................................................
24
35
34
25
4.2%
Properties Pending Sale .......................................
48
33
31
27
-43.8%
Properties For Sale ................................................
147
211
176
142
-3.4%
Days on Market (Pending Sale) ...........................
102
74
57
86
-15.7%
Month’s Supply of Inventory ................................
6.1
6
5.2
5.7
-7.3%
Percent Under Contract ........................................
32.7%
15.6%
17.6%
19.0%
-41.8%
Average Median Price for Last 12 Months ........
$719,000
$910,333
$858,167
$890,500
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$844
Mar
$914,500
Apr May
median sales price
Jun
$708
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$914 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
East Bluff - Harbor View DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$985,000
$1,750,000
$1,860,500
$1,675,000
70.1%
Average Price per Square Foot ...........................
$516
$639
$602
$631
22.3%
Properties Sold .......................................................
12
19
16
18
50.0%
Properties Pending Sale .......................................
22
13
20
10
-54.5%
Properties For Sale ................................................
79
66
77
77
-2.5%
Days on Market (Pending Sale) ...........................
85
86
61
35
-58.8%
Month’s Supply of Inventory ................................
6.6
3.5
4.8
4.3
-35.0%
Percent Under Contract ........................................
27.8%
19.7%
26.0%
13.0%
-53.4%
Average Median Price for Last 12 Months ........
$1,342,000
$1,667,208
$1,637,167
$1,647,285
22.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$985
Mar
$1,675,000
Apr May
median sales price
Jun
$631
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
East Costa Mesa DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$752,500
$852,500
$846,600
$737,000
-2.1%
Average Price per Square Foot ...........................
$376
$492
$424
$499
32.7%
Properties Sold .......................................................
8
16
13
12
50.0%
Properties Pending Sale .......................................
14
19
10
21
50.0%
Properties For Sale ................................................
39
72
59
71
82.1%
Days on Market (Pending Sale) ...........................
58
53
51
50
-13.8%
Month’s Supply of Inventory ................................
4.9
4.5
4.5
5.9
21.4%
Percent Under Contract ........................................
35.9%
26.4%
16.9%
29.6%
-17.6%
Average Median Price for Last 12 Months ........
$693,000
$842,392
$827,333
$835,292
20.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$752
Mar
$737,000
Apr May
median sales price
Jun
$499
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Fountain Valley DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$615,300
$670,000
$670,000
$647,000
5.2%
Average Price per Square Foot ...........................
$308
$346
$330
$338
9.7%
Properties Sold .......................................................
19
41
20
20
5.3%
Properties Pending Sale .......................................
27
29
17
32
18.5%
Properties For Sale ................................................
61
75
75
78
27.9%
Days on Market (Pending Sale) ...........................
47
32
24
28
-40.4%
Month’s Supply of Inventory ................................
3.2
1.8
3.8
3.9
21.5%
Percent Under Contract ........................................
44.3%
38.7%
22.7%
41.0%
-7.3%
Average Median Price for Last 12 Months ........
$566,000
$652,917
$650,667
$645,042
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$615
Mar
$647,000
Apr May
median sales price
Jun
$338
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$647 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Huntington Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$689,377
$705,000
$710,000
$774,500
12.3%
Average Price per Square Foot ...........................
$373
$387
$398
$420
12.6%
Properties Sold .......................................................
78
110
91
56
-28.2%
Properties Pending Sale .......................................
90
99
97
100
11.1%
Properties For Sale ................................................
290
388
367
346
19.3%
Days on Market (Pending Sale) ...........................
50
56
61
49
-2.0%
Month’s Supply of Inventory ................................
3.7
3.5
4
6.2
66.2%
Percent Under Contract ........................................
31.0%
25.5%
26.4%
28.9%
-6.9%
Average Median Price for Last 12 Months ........
$625,000
$733,583
$735,833
$711,529
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$689
Mar
$774,500
Apr May
median sales price
Jun
$420
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Irvine DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$925,282
$902,500
$825,000
$940,000
1.6%
Average Price per Square Foot ...........................
$413
$436
$453
$476
15.3%
Properties Sold .......................................................
58
96
79
53
-8.6%
Properties Pending Sale .......................................
96
93
71
82
-14.6%
Properties For Sale ................................................
243
382
321
307
26.3%
Days on Market (Pending Sale) ...........................
67
42
55
52
-22.4%
Month’s Supply of Inventory ................................
4.2
4
4.1
5.8
38.3%
Percent Under Contract ........................................
39.5%
24.3%
22.1%
26.7%
-32.4%
Average Median Price for Last 12 Months ........
$760,000
$888,949
$893,897
$888,498
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$925
Mar
$940,000
Apr May
median sales price
Jun
$476
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Ladera Ranch DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$765,000
$847,750
$952,500
$860,000
12.4%
Average Price per Square Foot ...........................
$255
$316
$310
$339
32.9%
Properties Sold .......................................................
17
34
26
16
-5.9%
Properties Pending Sale .......................................
29
35
24
22
-24.1%
Properties For Sale ................................................
70
143
115
95
35.7%
Days on Market (Pending Sale) ...........................
73
52
67
54
-26.0%
Month’s Supply of Inventory ................................
4.1
4.2
4.4
5.9
44.2%
Percent Under Contract ........................................
41.4%
24.5%
20.9%
23.2%
-44.1%
Average Median Price for Last 12 Months ........
$694,000
$862,500
$861,667
$842,994
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$765
Mar
$860,000
Apr May
median sales price
Jun
$339
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Laguna Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,547,500
$2,045,250
$2,015,000
$2,547,500
64.6%
Average Price per Square Foot ...........................
$838
$1,041
$939
$1,064
27.0%
Properties Sold .......................................................
28
28
27
20
-28.6%
Properties Pending Sale .......................................
33
32
29
28
-15.2%
Properties For Sale ................................................
209
266
234
235
12.4%
Days on Market (Pending Sale) ...........................
114
89
178
87
-23.7%
Month’s Supply of Inventory ................................
7.5
9.5
8.7
11.8
57.4%
Percent Under Contract ........................................
15.8%
12.0%
12.4%
11.9%
-24.5%
Average Median Price for Last 12 Months ........
$1,379,000
$1,817,917
$1,913,333
$1,714,112
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.547
Mar
$2,547,500
Apr May
median sales price
Jun
$1,064
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
11.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.547 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Laguna Niguel DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$655,000
$819,000
$740,000
$777,500
18.7%
Average Price per Square Foot ...........................
$347
$370
$382
$378
8.9%
Properties Sold .......................................................
57
52
31
38
-33.3%
Properties Pending Sale .......................................
51
43
44
60
17.6%
Properties For Sale ................................................
176
218
198
232
31.8%
Days on Market (Pending Sale) ...........................
59
58
69
55
-6.8%
Month’s Supply of Inventory ................................
3.1
4.2
6.4
6.1
97.7%
Percent Under Contract ........................................
29.0%
19.7%
22.2%
25.9%
-10.8%
Average Median Price for Last 12 Months ........
$643,000
$792,567
$795,833
$773,008
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$655
Mar
$777,500
Apr May
median sales price
Jun
$378
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.1 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Laguna Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$730,950
$672,500
$730,000
$785,000
7.4%
Average Price per Square Foot ...........................
$292
$343
$331
$348
19.2%
Properties Sold .......................................................
10
32
25
13
30.0%
Properties Pending Sale .......................................
20
26
19
17
-15.0%
Properties For Sale ................................................
56
101
73
80
42.9%
Days on Market (Pending Sale) ...........................
68
48
43
56
-17.6%
Month’s Supply of Inventory ................................
5.6
3.2
2.9
6.2
9.9%
Percent Under Contract ........................................
35.7%
25.7%
26.0%
21.2%
-40.5%
Average Median Price for Last 12 Months ........
$617,000
$701,250
$705,833
$708,381
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$730
Mar
$785,000
Apr May
median sales price
Jun
$348
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Laguna Woods DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$0
$0
$687,000
$0
0%
Average Price per Square Foot ...........................
$0
$0
$382
$0
0%
Properties Sold .......................................................
0
0
1
0
0%
Properties Pending Sale .......................................
1
2
0
0
-100.0%
Properties For Sale ................................................
2
3
2
0
-100.0%
Days on Market (Pending Sale) ...........................
43
46
0
0
-100.0%
Month’s Supply of Inventory ................................
0
0
2
0
0%
Percent Under Contract ........................................
50.0%
66.7%
0.0%
0%
0%
Average Median Price for Last 12 Months ........
$600,000
$604,250
$483,000
$599,714
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb Mar
No sales
Apr May
median sales price
Jun
No sales
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
No sales MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,817,500
$2,285,000
$2,150,000
$2,762,500
52.0%
Average Price per Square Foot ...........................
$773
$1,737
$955
$1,563
102.2%
Properties Sold .......................................................
4
3
5
4
0.0%
Properties Pending Sale .......................................
10
8
4
2
-80.0%
Properties For Sale ................................................
37
35
38
41
10.8%
Days on Market (Pending Sale) ...........................
148
71
36
74
-50.0%
Month’s Supply of Inventory ................................
9.2
11.7
7.6
10.2
10.8%
Percent Under Contract ........................................
27.0%
22.9%
10.5%
4.9%
-82.0%
Average Median Price for Last 12 Months ........
$2,251,000
$2,760,792
$2,529,083
$2,510,942
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.817
Mar
$2,762,500
Apr May
median sales price
Jun
$1,563
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
10.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.762 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Mission Viejo DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$557,800
$625,000
$670,000
$629,000
12.8%
Average Price per Square Foot ...........................
$277
$328
$292
$319
15.2%
Properties Sold .......................................................
63
105
67
53
-15.9%
Properties Pending Sale .......................................
86
89
75
64
-25.6%
Properties For Sale ................................................
178
290
266
237
33.1%
Days on Market (Pending Sale) ...........................
50
36
50
52
4.0%
Month’s Supply of Inventory ................................
2.8
2.8
4
4.5
58.3%
Percent Under Contract ........................................
48.3%
30.7%
28.2%
27.0%
-44.1%
Average Median Price for Last 12 Months ........
$511,000
$625,333
$622,500
$611,177
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$557
Mar
$629,000
Apr May
median sales price
Jun
$319
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$629 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Newport Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,395,000
$1,700,000
$1,995,000
$1,650,000
18.3%
Average Price per Square Foot ...........................
$603
$764
$817
$765
26.9%
Properties Sold .......................................................
25
43
49
37
48.0%
Properties Pending Sale .......................................
53
41
49
37
-30.2%
Properties For Sale ................................................
263
278
281
268
1.9%
Days on Market (Pending Sale) ...........................
112
84
61
65
-42.0%
Month’s Supply of Inventory ................................
10.5
6.5
5.7
7.2
-31.1%
Percent Under Contract ........................................
20.2%
14.7%
17.4%
13.8%
-31.5%
Average Median Price for Last 12 Months ........
$1,428,000
$1,828,750
$1,738,333
$1,715,750
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.395
Mar
$1,650,000
Apr May
median sales price
Jun
$765
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Newport Coast DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$3,300,000
$2,474,500
$2,875,000
$2,650,000
-19.7%
Average Price per Square Foot ...........................
$806
$803
$793
$960
19.1%
Properties Sold .......................................................
15
22
9
7
-53.3%
Properties Pending Sale .......................................
18
25
10
11
-38.9%
Properties For Sale ................................................
84
90
82
76
-9.5%
Days on Market (Pending Sale) ...........................
76
71
85
113
48.7%
Month’s Supply of Inventory ................................
5.6
4.1
9.1
10.9
93.9%
Percent Under Contract ........................................
21.4%
27.8%
12.2%
14.5%
-32.5%
Average Median Price for Last 12 Months ........
$2,209,000
$2,859,167
$2,914,167
$2,944,192
33.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$3.300
Mar
$2,650,000
Apr May
median sales price
Jun
$960
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
10.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Newport Heights DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$0
$1,375,000
$1,315,000
$1,300,000
0%
Average Price per Square Foot ...........................
$0
$594
$657
$582
0%
Properties Sold .......................................................
0
5
5
3
0%
Properties Pending Sale .......................................
5
7
3
3
-40.0%
Properties For Sale ................................................
29
35
28
32
10.3%
Days on Market (Pending Sale) ...........................
68
23
72
84
23.5%
Month’s Supply of Inventory ................................
0
7
5.6
10.7
0%
Percent Under Contract ........................................
17.2%
20.0%
10.7%
9.4%
-45.6%
Average Median Price for Last 12 Months ........
$1,308,000
$1,652,802
$1,756,437
$1,563,484
19.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb Mar
$1,300,000
Apr May
median sales price
Jun
$582
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
10.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Rancho Santa Margarita DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$598,500
$600,000
$622,500
$700,000
17.0%
Average Price per Square Foot ...........................
$275
$299
$316
$311
13.1%
Properties Sold .......................................................
28
53
30
35
25.0%
Properties Pending Sale .......................................
42
42
34
45
7.1%
Properties For Sale ................................................
87
147
110
121
39.1%
Days on Market (Pending Sale) ...........................
43
47
72
52
20.9%
Month’s Supply of Inventory ................................
3.1
2.8
3.7
3.5
11.3%
Percent Under Contract ........................................
48.3%
28.6%
30.9%
37.2%
-23.0%
Average Median Price for Last 12 Months ........
$530,000
$644,000
$651,333
$632,248
19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$598
Mar
$700,000
Apr May
median sales price
Jun
$311
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
San Clemente DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$689,000
$872,500
$820,000
$800,000
16.1%
Average Price per Square Foot ...........................
$308
$393
$355
$415
34.7%
Properties Sold .......................................................
40
56
47
49
22.5%
Properties Pending Sale .......................................
58
64
51
42
-27.6%
Properties For Sale ................................................
221
311
260
247
11.8%
Days on Market (Pending Sale) ...........................
58
67
60
62
6.9%
Month’s Supply of Inventory ................................
5.5
5.6
5.5
5
-8.8%
Percent Under Contract ........................................
26.2%
20.6%
19.6%
17.0%
-35.2%
Average Median Price for Last 12 Months ........
$699,000
$809,417
$806,000
$804,077
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$689
Mar
$800,000
Apr May
median sales price
Jun
$415
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
San Juan Capistrano DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$535,000
$920,000
$750,000
$1,610,000
200.9%
Average Price per Square Foot ...........................
$265
$335
$307
$391
47.5%
Properties Sold .......................................................
15
34
17
16
6.7%
Properties Pending Sale .......................................
26
32
20
28
7.7%
Properties For Sale ................................................
107
150
137
127
18.7%
Days on Market (Pending Sale) ...........................
64
48
62
84
31.2%
Month’s Supply of Inventory ................................
7.1
4.4
8.1
7.9
11.3%
Percent Under Contract ........................................
24.3%
21.3%
14.6%
22.0%
-9.3%
Average Median Price for Last 12 Months ........
$597,000
$926,000
$1,081,167
$842,131
41.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$535
Mar
$1,610,000
Apr May
median sales price
Jun
$391
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Shady Canyon DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$5,083,500
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$630
$0
$0
$0
-100.0%
Properties Sold .......................................................
2
0
0
0
-100.0%
Properties Pending Sale .......................................
3
0
0
2
-33.3%
Properties For Sale ................................................
17
8
9
8
-52.9%
Days on Market (Pending Sale) ...........................
293
0
0
208
-29.0%
Month’s Supply of Inventory ................................
8.5
0
0
0
0%
Percent Under Contract ........................................
17.6%
0.0%
0.0%
25.0%
41.7%
Average Median Price for Last 12 Months ........
$4,614,000
$6,300,000
$6,300,000
$5,532,667
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$5.083
Mar
No sales
Apr May
median sales price
Jun
No sales
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
No sales MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Turtle Ridge DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,875,000
$2,987,500
$2,802,500
$2,800,000
-2.6%
Average Price per Square Foot ...........................
$612
$606
$693
$692
13.1%
Properties Sold .......................................................
2
2
4
1
-50.0%
Properties Pending Sale .......................................
4
0
6
5
25.0%
Properties For Sale ................................................
12
21
28
27
125.0%
Days on Market (Pending Sale) ...........................
78
0
70
104
33.3%
Month’s Supply of Inventory ................................
6
10.5
7
27
350.0%
Percent Under Contract ........................................
33.3%
0.0%
21.4%
18.5%
-44.4%
Average Median Price for Last 12 Months ........
$2,002,000
$2,486,019
$2,335,865
$2,305,550
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$2.875
Mar
$2,800,000
Apr May
median sales price
Jun
$692
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
27 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Turtle Rock DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,135,000
$985,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$417
$499
$0
$0
-100.0%
Properties Sold .......................................................
3
1
0
0
-100.0%
Properties Pending Sale .......................................
1
3
1
2
100.0%
Properties For Sale ................................................
8
8
7
4
-50.0%
Days on Market (Pending Sale) ...........................
32
61
104
122
281.2%
Month’s Supply of Inventory ................................
2.7
8
0
0
0%
Percent Under Contract ........................................
12.5%
37.5%
14.3%
50.0%
300.0%
Average Median Price for Last 12 Months ........
$1,059,000
$1,852,397
$2,295,444
$1,432,510
35.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.135
Mar
No sales
Apr May
median sales price
Jun
No sales
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
No sales MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Westminster DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$490,000
$505,000
$520,000
$539,500
10.1%
Average Price per Square Foot ...........................
$291
$320
$320
$322
10.7%
Properties Sold .......................................................
29
31
31
24
-17.2%
Properties Pending Sale .......................................
42
36
32
35
-16.7%
Properties For Sale ................................................
92
123
104
108
17.4%
Days on Market (Pending Sale) ...........................
33
34
42
35
6.1%
Month’s Supply of Inventory ................................
3.2
4
3.4
4.5
41.8%
Percent Under Contract ........................................
45.7%
29.3%
30.8%
32.4%
-29.0%
Average Median Price for Last 12 Months ........
$404,000
$506,667
$513,000
$498,885
23.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$490
Mar
$539,500
Apr May
median sales price
Jun
$322
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,402,500
$1,205,500
$1,617,500
$1,338,500
-4.6%
Average Price per Square Foot ...........................
$506
$603
$626
$596
17.8%
Properties Sold .......................................................
2
7
10
6
200.0%
Properties Pending Sale .......................................
9
4
10
9
0.0%
Properties For Sale ................................................
42
45
45
41
-2.4%
Days on Market (Pending Sale) ...........................
158
31
60
68
-57.0%
Month’s Supply of Inventory ................................
21
6.4
4.5
6.8
-67.5%
Percent Under Contract ........................................
21.4%
8.9%
22.2%
22.0%
2.4%
Average Median Price for Last 12 Months ........
$1,195,000
$1,544,750
$1,496,167
$1,439,769
20.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.402
Mar
$1,338,500
Apr May
median sales price
Jun
$596
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.338 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West Newport - Lido DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,395,000
$2,350,000
$1,600,000
$1,525,000
9.3%
Average Price per Square Foot ...........................
$734
$903
$1,129
$836
13.9%
Properties Sold .......................................................
5
6
7
4
-20.0%
Properties Pending Sale .......................................
3
8
8
6
100.0%
Properties For Sale ................................................
27
54
52
39
44.4%
Days on Market (Pending Sale) ...........................
150
180
93
47
-68.7%
Month’s Supply of Inventory ................................
5.4
9
7.4
9.8
80.6%
Percent Under Contract ........................................
11.1%
14.8%
15.4%
15.4%
38.5%
Average Median Price for Last 12 Months ........
$1,699,000
$1,986,608
$1,648,217
$1,794,358
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.395
Mar
$1,525,000
Apr May
median sales price
Jun
$836
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
9.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : February 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 sq miles Founded: 1850
Micro Market Report : February 2014
telesproperties.com
Carpinteria DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,025,000
$895,964
$2,200,000
$2,875,000
180.5%
Average Price per Square Foot ...........................
$1,360
$585
$532
$963
-29.2%
Properties Sold .......................................................
7
9
5
3
-57.1%
Properties Pending Sale .......................................
8
9
5
2
-75.0%
Properties For Sale ................................................
45
54
38
38
-15.6%
Days on Market (Pending Sale) ...........................
121
70
33
264
118.2%
Month’s Supply of Inventory ................................
6.4
6
7.6
12.7
97.0%
Percent Under Contract ........................................
17.8%
16.7%
13.2%
5.3%
-70.4%
Average Median Price for Last 12 Months ........
$1,134,000
$1,400,455
$1,528,243
$1,107,092
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.025
Mar
$2,875,000
Apr May
median sales price
Jun
$963
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
12.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.875 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 : February 2014
telesproperties.com
Goleta DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,121,889
$700,000
$802,500
$870,000
-22.5%
Average Price per Square Foot ...........................
$452
$787
$419
$560
23.9%
Properties Sold .......................................................
6
13
10
5
-16.7%
Properties Pending Sale .......................................
11
14
6
8
-27.3%
Properties For Sale ................................................
18
28
26
27
50.0%
Days on Market (Pending Sale) ...........................
85
42
27
16
-81.2%
Month’s Supply of Inventory ................................
3
2.2
2.6
5.4
80.0%
Percent Under Contract ........................................
61.1%
50.0%
23.1%
29.6%
-51.5%
Average Median Price for Last 12 Months ........
$652,000
$809,083
$834,667
$791,963
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.121
Feb Mar
$870,000
Apr May
median sales price
Jun
$560
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Hope Ranch DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$5,400,000
$1,900,000
$3,575,000
$3,750,000
-30.6%
Average Price per Square Foot ...........................
$521
$713
$697
$1,312
151.8%
Properties Sold .......................................................
1
2
2
1
0.0%
Properties Pending Sale .......................................
5
1
2
3
-40.0%
Properties For Sale ................................................
28
31
40
34
21.4%
Days on Market (Pending Sale) ...........................
264
19
19
16
-93.9%
Month’s Supply of Inventory ................................
28
15.5
20
34
21.4%
Percent Under Contract ........................................
17.9%
3.2%
5.0%
8.8%
-50.6%
Average Median Price for Last 12 Months ........
$2,475,000
$3,242,500
$3,335,000
$2,991,728
20.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.400
Feb Mar
$3,750,000
Apr May
median sales price
Jun
$1,312
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
34 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$3.750 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 : February 2014
telesproperties.com
Montecito DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$2,800,000
$2,632,500
$2,323,750
$2,220,000
-20.7%
Average Price per Square Foot ...........................
$715
$1,215
$1,146
$1,197
67.4%
Properties Sold .......................................................
22
20
14
8
-63.6%
Properties Pending Sale .......................................
18
17
19
8
-55.6%
Properties For Sale ................................................
193
194
175
151
-21.8%
Days on Market (Pending Sale) ...........................
66
91
168
212
221.2%
Month’s Supply of Inventory ................................
8.8
9.7
12.5
18.9
115.2%
Percent Under Contract ........................................
9.3%
8.8%
10.9%
5.3%
-43.2%
Average Median Price for Last 12 Months ........
$2,141,000
$2,300,958
$2,138,333
$2,407,519
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.800
Feb Mar
$2,220,000
Apr May
median sales price
Jun
$1,197
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
18.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$2.220 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Santa Barbara East of State DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$940,000
$1,295,000
$925,000
$1,203,000
28.0%
Average Price per Square Foot ...........................
$576
$581
$592
$536
-6.9%
Properties Sold .......................................................
16
34
21
18
12.5%
Properties Pending Sale .......................................
28
23
25
22
-21.4%
Properties For Sale ................................................
128
147
124
99
-22.7%
Days on Market (Pending Sale) ...........................
49
29
71
28
-42.9%
Month’s Supply of Inventory ................................
8
4.3
5.9
5.5
-31.2%
Percent Under Contract ........................................
21.9%
15.6%
20.2%
22.2%
1.6%
Average Median Price for Last 12 Months ........
$873,000
$1,085,083
$1,188,500
$1,051,875
20.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$940
Mar
$1,203,000
Apr May
median sales price
Jun
$536
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.203 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Santa Barbara West of State DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$711,444
$945,000
$850,000
$905,000
27.2%
Average Price per Square Foot ...........................
$477
$609
$613
$565
18.4%
Properties Sold .......................................................
14
24
19
13
-7.1%
Properties Pending Sale .......................................
22
26
20
18
-18.2%
Properties For Sale ................................................
79
89
67
63
-20.3%
Days on Market (Pending Sale) ...........................
24
28
35
55
129.2%
Month’s Supply of Inventory ................................
5.6
3.7
3.5
4.8
-14.1%
Percent Under Contract ........................................
27.8%
29.2%
29.9%
28.6%
2.6%
Average Median Price for Last 12 Months ........
$689,000
$916,417
$939,333
$875,650
27.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$711
Mar
$905,000
Apr May
median sales price
Jun
$565
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Santa Ynez DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$697,500
$806,000
$618,000
$785,000
12.5%
Average Price per Square Foot ...........................
$360
$334
$301
$328
-8.9%
Properties Sold .......................................................
8
13
7
5
-37.5%
Properties Pending Sale .......................................
10
6
9
11
10.0%
Properties For Sale ................................................
89
118
113
106
19.1%
Days on Market (Pending Sale) ...........................
194
27
36
223
14.9%
Month’s Supply of Inventory ................................
11.1
9.1
16.1
21.2
90.6%
Percent Under Contract ........................................
11.2%
5.1%
8.0%
10.4%
-7.6%
Average Median Price for Last 12 Months ........
$627,000
$706,917
$792,500
$707,327
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$697
Mar
$785,000
Apr May
median sales price
Jun
$328
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
21.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : February 2014
telesproperties.com
County: MONTEREY Area: 3,771 sq miles Founded: 1850
Micro Market Report : February 2014
telesproperties.com
Carmel DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$948,000
$890,000
$1,462,500
$1,587,500
67.5%
Average Price per Square Foot ...........................
$648
$715
$937
$807
24.5%
Properties Sold .......................................................
11
19
14
22
100.0%
Properties Pending Sale .......................................
28
18
22
25
-10.7%
Properties For Sale ................................................
147
179
149
149
1.4%
Days on Market (Pending Sale) ...........................
99
128
109
103
4.0%
Month’s Supply of Inventory ................................
13.4
9.4
10.6
6.8
-49.3%
Percent Under Contract ........................................
19.0%
10.1%
14.8%
16.8%
-11.9%
Average Median Price for Last 12 Months ........
$1,115,999
$1,438,688
$1,568,958
$1,312,894
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$948
Mar
$1,587,500
Apr May
median sales price
Jun
$807
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.587 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Carmel Valley DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$758,000
$957,000
$1,200,000
$1,317,500
73.8%
Average Price per Square Foot ...........................
$341
$424
$630
$431
26.4%
Properties Sold .......................................................
11
8
7
10
-9.1%
Properties Pending Sale .......................................
14
8
12
8
-42.9%
Properties For Sale ................................................
91
115
111
85
-6.6%
Days on Market (Pending Sale) ...........................
123
109
103
64
-48.0%
Month’s Supply of Inventory ................................
8.3
14.4
15.9
8.5
2.7%
Percent Under Contract ........................................
15.4%
7.0%
10.8%
9.4%
-38.8%
Average Median Price for Last 12 Months ........
$796,000
$1,143,500
$1,210,833
$968,346
21.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$758
Mar
$1,317,500
Apr May
median sales price
Jun
$431
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
8.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.317 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Pacific Grove DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$650,000
$730,000
$695,000
$745,000
14.6%
Average Price per Square Foot ...........................
$535
$514
$517
$451
-15.7%
Properties Sold .......................................................
9
13
11
5
-44.4%
Properties Pending Sale .......................................
12
15
13
15
25.0%
Properties For Sale ................................................
56
72
50
54
-3.6%
Days on Market (Pending Sale) ...........................
49
73
94
82
67.3%
Month’s Supply of Inventory ................................
6.2
5.5
4.5
10.8
73.6%
Percent Under Contract ........................................
21.4%
20.8%
26.0%
27.8%
29.6%
Average Median Price for Last 12 Months ........
$605,000
$737,733
$772,250
$702,435
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$650
Mar
$745,000
Apr May
median sales price
Jun
$451
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
10.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Pebble Beach DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$910,000
$945,000
$1,027,725
$1,354,000
48.8%
Average Price per Square Foot ...........................
$406
$775
$529
$735
81.0%
Properties Sold .......................................................
6
10
6
14
133.3%
Properties Pending Sale .......................................
15
8
10
9
-40.0%
Properties For Sale ................................................
89
99
92
78
-12.4%
Days on Market (Pending Sale) ...........................
116
66
150
191
64.7%
Month’s Supply of Inventory ................................
14.8
9.9
15.3
5.6
-62.4%
Percent Under Contract ........................................
16.9%
8.1%
10.9%
11.5%
-31.5%
Average Median Price for Last 12 Months ........
$1,130,000
$1,571,621
$1,757,333
$1,480,363
31.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$910
Mar
$1,354,000
Apr May
median sales price
Jun
$735
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.354 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : February 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : February 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$507,500
$809,500
$747,500
$769,500
51.6%
Average Price per Square Foot ...........................
$389
$455
$538
$605
55.5%
Properties Sold .......................................................
4
4
12
4
0.0%
Properties Pending Sale .......................................
4
19
14
11
175.0%
Properties For Sale ................................................
15
49
37
24
60.0%
Days on Market (Pending Sale) ...........................
15
19
61
56
273.3%
Month’s Supply of Inventory ................................
3.8
12.2
3.1
6
60.0%
Percent Under Contract ........................................
26.7%
38.8%
37.8%
45.8%
71.9%
Average Median Price for Last 12 Months ........
$518,000
$696,083
$696,500
$634,312
22.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$507
Mar
$769,500
Apr May
median sales price
Jun
$605
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$769 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Beverly Hills DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$533,750
$747,500
$905,000
$1,288,000
141.3%
Average Price per Square Foot ...........................
$451
$504
$573
$612
35.7%
Properties Sold .......................................................
4
8
4
10
150.0%
Properties Pending Sale .......................................
12
5
8
8
-33.3%
Properties For Sale ................................................
52
44
49
49
-5.8%
Days on Market (Pending Sale) ...........................
77
38
37
83
7.8%
Month’s Supply of Inventory ................................
13
5.5
12.2
4.9
-62.3%
Percent Under Contract ........................................
23.1%
11.4%
16.3%
16.3%
-29.3%
Average Median Price for Last 12 Months ........
$904,000
$1,051,500
$1,150,167
$933,865
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$533
Mar
$1,288,000
Apr May
median sales price
Jun
$612
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.288 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Brentwood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$759,450
$696,000
$600,000
$747,000
-1.6%
Average Price per Square Foot ...........................
$503
$514
$441
$466
-7.4%
Properties Sold .......................................................
12
20
9
9
-25.0%
Properties Pending Sale .......................................
14
23
15
13
-7.1%
Properties For Sale ................................................
72
81
68
66
-8.3%
Days on Market (Pending Sale) ...........................
26
38
33
46
76.9%
Month’s Supply of Inventory ................................
6
4
7.6
7.3
22.2%
Percent Under Contract ........................................
19.4%
28.4%
22.1%
19.7%
1.3%
Average Median Price for Last 12 Months ........
$672,000
$719,667
$777,667
$703,579
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$759
Mar
$747,000
Apr May
median sales price
Jun
$466
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
7.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Culver City DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$437,500
$409,000
$466,500
$392,500
-10.3%
Average Price per Square Foot ...........................
$329
$361
$369
$354
7.6%
Properties Sold .......................................................
12
21
10
10
-16.7%
Properties Pending Sale .......................................
13
25
10
16
23.1%
Properties For Sale ................................................
28
39
34
44
57.1%
Days on Market (Pending Sale) ...........................
27
28
22
41
51.9%
Month’s Supply of Inventory ................................
2.3
1.9
3.4
4.4
88.6%
Percent Under Contract ........................................
46.4%
64.1%
29.4%
36.4%
-21.7%
Average Median Price for Last 12 Months ........
$307,000
$400,583
$390,667
$395,544
28.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$437
Mar
$392,500
Apr May
median sales price
Jun
$354
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$392 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Encino DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$248,000
$320,000
$280,000
$377,000
52.0%
Average Price per Square Foot ...........................
$207
$247
$229
$288
39.1%
Properties Sold .......................................................
12
15
7
12
0.0%
Properties Pending Sale .......................................
12
15
13
17
41.7%
Properties For Sale ................................................
17
25
37
33
94.1%
Days on Market (Pending Sale) ...........................
70
48
44
57
-18.6%
Month’s Supply of Inventory ................................
1.4
1.7
5.3
2.8
94.1%
Percent Under Contract ........................................
70.6%
60.0%
35.1%
51.5%
-27.0%
Average Median Price for Last 12 Months ........
$215,308
$301,000
$311,667
$283,923
31.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$248
Mar
$377,000
Apr May
median sales price
Jun
$288
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.8 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$377 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Malibu DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$750,000
$847,500
$0
$817,500
9.0%
Average Price per Square Foot ...........................
$433
$460
$0
$478
10.4%
Properties Sold .......................................................
1
4
0
2
100.0%
Properties Pending Sale .......................................
4
1
2
2
-50.0%
Properties For Sale ................................................
24
25
24
22
-8.3%
Days on Market (Pending Sale) ...........................
178
38
23
32
-82.0%
Month’s Supply of Inventory ................................
24
6.2
0
11
-54.2%
Percent Under Contract ........................................
16.7%
4.0%
8.3%
9.1%
-45.5%
Average Median Price for Last 12 Months ........
$658,000
$762,500
$690,000
$714,136
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$750
Mar
$817,500
Apr May
median sales price
Jun
$478
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
11 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Marina Del Rey DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$665,000
$683,000
$685,000
$752,000
13.1%
Average Price per Square Foot ...........................
$466
$553
$517
$466
0.0%
Properties Sold .......................................................
17
29
19
21
23.5%
Properties Pending Sale .......................................
19
25
24
27
42.1%
Properties For Sale ................................................
99
138
148
140
41.4%
Days on Market (Pending Sale) ...........................
75
96
64
56
-25.3%
Month’s Supply of Inventory ................................
5.8
4.8
7.8
6.7
14.5%
Percent Under Contract ........................................
19.2%
18.1%
16.2%
19.3%
0.5%
Average Median Price for Last 12 Months ........
$594,000
$724,926
$714,800
$718,985
21.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$665
Mar
$752,000
Apr May
median sales price
Jun
$466
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$752 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Santa Monica DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$870,000
$850,000
$717,750
$694,800
-20.1%
Average Price per Square Foot ...........................
$755
$676
$651
$795
5.3%
Properties Sold .......................................................
20
40
32
23
15.0%
Properties Pending Sale .......................................
42
39
28
41
-2.4%
Properties For Sale ................................................
99
106
101
124
25.3%
Days on Market (Pending Sale) ...........................
55
39
42
54
-1.8%
Month’s Supply of Inventory ................................
5
2.6
3.2
5.4
8.9%
Percent Under Contract ........................................
42.4%
36.8%
27.7%
33.1%
-22.1%
Average Median Price for Last 12 Months ........
$715,000
$767,425
$749,933
$778,615
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $870
Feb Mar
$694,800
Apr May
median sales price
Jun
$795
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
5.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$694 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Sherman Oaks DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$313,000
$360,000
$380,000
$381,000
21.7%
Average Price per Square Foot ...........................
$247
$305
$313
$293
18.6%
Properties Sold .......................................................
12
33
18
12
0.0%
Properties Pending Sale .......................................
19
31
21
18
-5.3%
Properties For Sale ................................................
17
27
35
35
105.9%
Days on Market (Pending Sale) ...........................
52
47
45
53
1.9%
Month’s Supply of Inventory ................................
1.4
0.8
1.9
2.9
105.9%
Percent Under Contract ........................................
111.8%
114.8%
60.0%
51.4%
-54.0%
Average Median Price for Last 12 Months ........
$296,154
$395,833
$408,333
$367,923
24.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$313
Mar
$381,000
Apr May
median sales price
Jun
$293
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.9 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$381 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Studio City DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$464,000
$435,000
$380,000
$439,000
-5.4%
Average Price per Square Foot ...........................
$338
$345
$359
$396
17.2%
Properties Sold .......................................................
4
7
6
9
125.0%
Properties Pending Sale .......................................
7
14
12
10
42.9%
Properties For Sale ................................................
9
17
29
29
222.2%
Days on Market (Pending Sale) ...........................
83
26
63
47
-43.4%
Month’s Supply of Inventory ................................
2.2
2.4
4.8
3.2
43.2%
Percent Under Contract ........................................
77.8%
82.4%
41.4%
34.5%
-55.7%
Average Median Price for Last 12 Months ........
$416,923
$456,833
$490,333
$455,462
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$464
Mar
$439,000
Apr May
median sales price
Jun
$396
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$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 : February 2014
telesproperties.com
Venice DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$1,387,500
$1,340,000
$899,000
$1,179,000
-15.0%
Average Price per Square Foot ...........................
$748
$578
$597
$788
5.3%
Properties Sold .......................................................
2
3
7
5
150.0%
Properties Pending Sale .......................................
4
4
2
3
-25.0%
Properties For Sale ................................................
10
20
10
11
10.0%
Days on Market (Pending Sale) ...........................
129
48
102
23
-82.2%
Month’s Supply of Inventory ................................
5
6.7
1.4
2.2
-56.0%
Percent Under Contract ........................................
40.0%
20.0%
20.0%
27.3%
-31.8%
Average Median Price for Last 12 Months ........
$985,000
$979,500
$1,182,000
$1,127,083
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$1.387
Mar
$1,179,000
Apr May
median sales price
Jun
$788
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
2.2 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.179 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West Hollywood DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$522,500
$550,000
$775,000
$563,750
7.9%
Average Price per Square Foot ...........................
$456
$532
$611
$506
11.0%
Properties Sold .......................................................
22
33
19
24
9.1%
Properties Pending Sale .......................................
26
31
29
27
3.8%
Properties For Sale ................................................
90
128
128
108
20.0%
Days on Market (Pending Sale) ...........................
48
48
79
39
-18.8%
Month’s Supply of Inventory ................................
4.1
3.9
6.7
4.5
10.0%
Percent Under Contract ........................................
28.9%
24.2%
22.7%
25.0%
-13.5%
Average Median Price for Last 12 Months ........
$448,000
$609,708
$610,917
$563,346
25.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$522
Mar
$563,750
Apr May
median sales price
Jun
$506
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.5 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$563 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
West LA DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$747,000
$660,000
$760,000
$600,000
-19.7%
Average Price per Square Foot ...........................
$400
$453
$460
$441
10.2%
Properties Sold .......................................................
8
19
9
13
62.5%
Properties Pending Sale .......................................
11
13
7
12
9.1%
Properties For Sale ................................................
35
50
44
44
25.7%
Days on Market (Pending Sale) ...........................
53
37
47
43
-18.9%
Month’s Supply of Inventory ................................
4.4
2.6
4.9
3.4
-22.6%
Percent Under Contract ........................................
31.4%
26.0%
15.9%
27.3%
-13.2%
Average Median Price for Last 12 Months ........
$556,000
$646,708
$644,083
$649,750
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $747
Feb Mar
$600,000
Apr May
median sales price
Jun
$441
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
3.4 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
Westwood - Century City DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$682,000
$680,000
$654,000
$816,063
19.7%
Average Price per Square Foot ...........................
$529
$603
$589
$608
14.9%
Properties Sold .......................................................
37
58
44
40
8.1%
Properties Pending Sale .......................................
50
62
39
39
-22.0%
Properties For Sale ................................................
231
295
277
268
16.0%
Days on Market (Pending Sale) ...........................
78
69
64
89
14.1%
Month’s Supply of Inventory ................................
6.2
5.1
6.3
6.7
7.3%
Percent Under Contract ........................................
21.6%
21.0%
14.1%
14.6%
-32.8%
Average Median Price for Last 12 Months ........
$614,000
$758,099
$737,021
$706,927
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Feb
$682
Mar
$816,063
Apr May
median sales price
Jun
$608
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
6.7 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$816 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2014
telesproperties.com
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February 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES Š2014 Teles Properties, Inc. Teles Properties is a registered trademark.