micro market report luxury real estate market research February 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, & SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : February 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : February 2016
telesproperties.com
Los Angeles County DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$505,267
$550,000
$529,000
$542,750
7.4%
Average Price per Square Foot ...........................
$398
$416
$422
$431
8.3%
Properties Sold .......................................................
2786
4528
3240
2908
4.4%
Properties Pending Sale .......................................
4411
5109
4061
4418
0.2%
Properties For Sale ................................................
16,868
19,737
17,172
16,327
-3.2%
Days on Market (Pending Sale) ...........................
51
43
48
47
-7.8%
Month’s Supply of Inventory ................................
6.1
4.4
5.3
5.6
-7.3%
Percent Under Contract ........................................
26.2%
25.9%
23.6%
27.1%
3.5%
Average Median Price for Last 12 Months ........
$520,564
$540,125
$542,583
$537,769
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$505
MAR
$542,750
APR MAY
MEDIAN SALES PRICE
JUN
$431
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$542 M E 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 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,847,500
$2,300,000
$3,164,500
$2,152,000
16.5%
Average Price per Square Foot ...........................
$795
$653
$1,238
$1,073
35.0%
Properties Sold .......................................................
12
9
7
7
-41.7%
Properties Pending Sale .......................................
10
14
4
12
20.0%
Properties For Sale ................................................
108
122
115
112
3.7%
Days on Market (Pending Sale) ...........................
103
50
201
45
-56.3%
Month’s Supply of Inventory ................................
9
13.6
16.4
16
77.8%
Percent Under Contract ........................................
9.3%
11.5%
3.5%
10.7%
15.7%
Average Median Price for Last 12 Months ........
$2,589,721
$2,306,917
$2,234,000
$2,270,212
-14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.847
MAR
$2,152,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,073
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
16 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.152 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,354,500
$1,600,000
$1,610,000
$1,441,250
6.4%
Average Price per Square Foot ...........................
$662
$757
$797
$755
14.0%
Properties Sold .......................................................
12
19
15
14
16.7%
Properties Pending Sale .......................................
14
13
11
14
0.0%
Properties For Sale ................................................
62
68
66
72
16.1%
Days on Market (Pending Sale) ...........................
53
33
45
38
-28.3%
Month’s Supply of Inventory ................................
5.2
3.6
4.4
5.1
-0.5%
Percent Under Contract ........................................
22.6%
19.1%
16.7%
19.4%
-13.9%
Average Median Price for Last 12 Months ........
$1,318,296
$1,486,875
$1,390,417
$1,501,827
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.354
MAR
$1,441,250
APR MAY
MEDIAN SALES PRICE
JUN
$755
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.441 M E 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 2016
telesproperties.com
Beverly Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$5,900,000
$3,020,000
$4,175,000
$6,825,000
15.7%
Average Price per Square Foot ...........................
$1,606
$1,333
$1,078
$1,326
-17.4%
Properties Sold .......................................................
12
11
7
12
0.0%
Properties Pending Sale .......................................
10
7
14
14
40.0%
Properties For Sale ................................................
83
89
117
115
38.6%
Days on Market (Pending Sale) ...........................
81
46
62
52
-35.8%
Month’s Supply of Inventory ................................
6.9
8.1
16.7
9.6
38.6%
Percent Under Contract ........................................
12.0%
7.9%
12.0%
12.2%
1.0%
Average Median Price for Last 12 Months ........
$4,294,979
$5,589,397
$5,773,000
$5,167,991
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$5.900
MAR
$6,825,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,326
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$6.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,000,000
$2,625,000
$2,925,000
$2,785,000
39.2%
Average Price per Square Foot ...........................
$635
$858
$893
$926
45.8%
Properties Sold .......................................................
9
13
13
7
-22.2%
Properties Pending Sale .......................................
13
16
9
12
-7.7%
Properties For Sale ................................................
137
160
142
127
-7.3%
Days on Market (Pending Sale) ...........................
94
44
53
145
54.3%
Month’s Supply of Inventory ................................
15.2
12.3
10.9
18.1
19.2%
Percent Under Contract ........................................
9.5%
10.0%
6.3%
9.4%
-0.4%
Average Median Price for Last 12 Months ........
$2,531,833
$2,738,750
$2,919,167
$2,590,808
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.000
MAR
$2,785,000
APR MAY
MEDIAN SALES PRICE
JUN
$926
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
18.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.785 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 2016
telesproperties.com
Beverlywood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$748,000
$1,175,000
$922,500
$1,195,000
59.8%
Average Price per Square Foot ...........................
$570
$716
$631
$621
8.9%
Properties Sold .......................................................
10
25
6
15
50.0%
Properties Pending Sale .......................................
15
22
23
18
20.0%
Properties For Sale ................................................
40
65
74
64
60.0%
Days on Market (Pending Sale) ...........................
42
25
54
29
-31.0%
Month’s Supply of Inventory ................................
4
2.6
12.3
4.3
6.7%
Percent Under Contract ........................................
37.5%
33.8%
31.1%
28.1%
-25.0%
Average Median Price for Last 12 Months ........
$913,594
$1,050,667
$1,063,500
$1,048,654
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$748
MAR
$1,195,000
APR MAY
MEDIAN SALES PRICE
JUN
$621
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Brentwood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,937,500
$2,737,500
$2,750,000
$2,657,500
-9.5%
Average Price per Square Foot ...........................
$922
$856
$1,108
$818
-11.3%
Properties Sold .......................................................
12
20
21
14
16.7%
Properties Pending Sale .......................................
18
10
12
15
-16.7%
Properties For Sale ................................................
104
131
124
129
24.0%
Days on Market (Pending Sale) ...........................
57
33
72
67
17.5%
Month’s Supply of Inventory ................................
8.7
6.6
5.9
9.2
6.3%
Percent Under Contract ........................................
17.3%
7.6%
9.7%
11.6%
-32.8%
Average Median Price for Last 12 Months ........
$2,628,404
$3,034,292
$3,122,083
$2,951,915
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.937
MAR
$2,657,500
APR MAY
MEDIAN SALES PRICE
JUN
$818
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.657 M E 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 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,833,000
$1,850,000
$1,512,500
$1,720,000
-6.2%
Average Price per Square Foot ...........................
$702
$781
$724
$689
-1.9%
Properties Sold .......................................................
7
9
6
4
-42.9%
Properties Pending Sale .......................................
5
8
9
7
40.0%
Properties For Sale ................................................
19
20
21
29
52.6%
Days on Market (Pending Sale) ...........................
52
32
50
23
-55.8%
Month’s Supply of Inventory ................................
2.7
2.2
3.5
7.2
167.1%
Percent Under Contract ........................................
26.3%
40.0%
42.9%
24.1%
-8.3%
Average Median Price for Last 12 Months ........
$1,564,575
$1,682,369
$1,461,711
$1,696,632
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.833
MAR
$1,720,000
APR MAY
MEDIAN SALES PRICE
JUN
$689
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Culver City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$779,000
$1,075,000
$1,090,000
$1,029,500
32.2%
Average Price per Square Foot ...........................
$611
$659
$665
$669
9.5%
Properties Sold .......................................................
14
25
15
8
-42.9%
Properties Pending Sale .......................................
16
27
23
17
6.2%
Properties For Sale ................................................
47
85
58
52
10.6%
Days on Market (Pending Sale) ...........................
40
39
38
24
-40.0%
Month’s Supply of Inventory ................................
3.4
3.4
3.9
6.5
93.6%
Percent Under Contract ........................................
34.0%
31.8%
39.7%
32.7%
-4.0%
Average Median Price for Last 12 Months ........
$853,055
$1,025,833
$993,333
$1,002,231
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$779
MAR
$1,029,500
APR MAY
MEDIAN SALES PRICE
JUN
$669
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.029 M E 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 2016
telesproperties.com
Downtown DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$311,250
$248,325
$305,000
$300,000
-3.6%
Average Price per Square Foot ...........................
$250
$351
$265
$208
-16.8%
Properties Sold .......................................................
5
7
7
9
80.0%
Properties Pending Sale .......................................
8
7
11
5
-37.5%
Properties For Sale ................................................
52
56
54
46
-11.5%
Days on Market (Pending Sale) ...........................
70
52
55
28
-60.0%
Month’s Supply of Inventory ................................
10.4
8
7.7
5.1
-50.9%
Percent Under Contract ........................................
15.4%
12.5%
20.4%
10.9%
-29.3%
Average Median Price for Last 12 Months ........
$257,846
$306,899
$304,964
$296,417
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$311
MAR
$300,000
APR MAY
MEDIAN SALES PRICE
JUN
$208
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,260,000
$1,575,000
$1,295,000
$1,465,000
16.3%
Average Price per Square Foot ...........................
$628
$642
$678
$602
-4.1%
Properties Sold .......................................................
23
19
16
15
-34.8%
Properties Pending Sale .......................................
21
22
22
21
0.0%
Properties For Sale ................................................
104
129
113
100
-3.8%
Days on Market (Pending Sale) ...........................
35
37
40
54
54.3%
Month’s Supply of Inventory ................................
4.5
6.8
7.1
6.7
47.4%
Percent Under Contract ........................................
20.2%
17.1%
19.5%
21.0%
4.0%
Average Median Price for Last 12 Months ........
$1,262,563
$1,398,740
$1,475,146
$1,361,764
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.260
MAR
$1,465,000
APR MAY
MEDIAN SALES PRICE
JUN
$602
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.465 M E 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 2016
telesproperties.com
Hollywood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$642,500
$1,100,000
$849,000
$819,000
27.5%
Average Price per Square Foot ...........................
$533
$555
$538
$540
1.3%
Properties Sold .......................................................
4
11
5
13
225.0%
Properties Pending Sale .......................................
9
8
7
9
0.0%
Properties For Sale ................................................
42
43
51
40
-4.8%
Days on Market (Pending Sale) ...........................
51
57
64
17
-66.7%
Month’s Supply of Inventory ................................
10.5
3.9
10.2
3.1
-70.7%
Percent Under Contract ........................................
21.4%
18.6%
13.7%
22.5%
5.0%
Average Median Price for Last 12 Months ........
$863,807
$835,900
$892,167
$827,905
-4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$642
MAR
$819,000
APR MAY
MEDIAN SALES PRICE
JUN
$540
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Hollywood Hills East DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$975,000
$1,280,000
$1,401,000
$1,247,500
27.9%
Average Price per Square Foot ...........................
$572
$600
$824
$632
10.5%
Properties Sold .......................................................
7
18
37
8
14.3%
Properties Pending Sale .......................................
14
20
37
8
-42.9%
Properties For Sale ................................................
52
82
311
56
7.7%
Days on Market (Pending Sale) ...........................
50
33
64
54
8.0%
Month’s Supply of Inventory ................................
3.7
4.1
8.4
7
88.5%
Percent Under Contract ........................................
26.9%
24.4%
11.9%
14.3%
-46.9%
Average Median Price for Last 12 Months ........
$1,117,427
$1,230,354
$1,241,207
$1,232,599
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$975
MAR
$1,247,500
APR MAY
MEDIAN SALES PRICE
JUN
$632
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.247 M E 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 2016
telesproperties.com
Laurel Canyon DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,300,000
$1,345,000
$1,385,500
$1,685,000
29.6%
Average Price per Square Foot ...........................
$674
$756
$691
$753
11.7%
Properties Sold .......................................................
29
33
26
22
-24.1%
Properties Pending Sale .......................................
20
28
27
25
25.0%
Properties For Sale ................................................
122
148
159
141
15.6%
Days on Market (Pending Sale) ...........................
67
40
43
51
-23.9%
Month’s Supply of Inventory ................................
6.1
5.3
5.9
5.6
-7.5%
Percent Under Contract ........................................
16.4%
18.9%
17.0%
17.7%
8.2%
Average Median Price for Last 12 Months ........
$1,374,767
$1,443,593
$1,498,685
$1,483,018
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.300
MAR
$1,685,000
APR MAY
MEDIAN SALES PRICE
JUN
$753
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.685 M E 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 2016
telesproperties.com
Los Feliz DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,617,500
$1,542,500
$1,161,700
$1,937,500
19.8%
Average Price per Square Foot ...........................
$585
$652
$636
$620
6.0%
Properties Sold .......................................................
16
28
13
18
12.5%
Properties Pending Sale .......................................
15
18
20
21
40.0%
Properties For Sale ................................................
64
93
92
73
14.1%
Days on Market (Pending Sale) ...........................
57
50
41
97
70.2%
Month’s Supply of Inventory ................................
4.3
5.2
4.6
4.1
-4.9%
Percent Under Contract ........................................
23.4%
19.4%
21.7%
28.8%
22.7%
Average Median Price for Last 12 Months ........
$1,306,642
$1,528,650
$1,575,500
$1,441,012
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.617
MAR
$1,937,500
APR MAY
MEDIAN SALES PRICE
JUN
$620
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.937 M E 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 2016
telesproperties.com
Malibu DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,755,312
$2,150,000
$2,310,000
$1,772,500
1.0%
Average Price per Square Foot ...........................
$551
$897
$948
$740
34.3%
Properties Sold .......................................................
12
9
13
12
0.0%
Properties Pending Sale .......................................
15
22
14
19
26.7%
Properties For Sale ................................................
172
238
204
192
11.6%
Days on Market (Pending Sale) ...........................
129
73
120
118
-8.5%
Month’s Supply of Inventory ................................
14.3
26.4
15.7
16
11.6%
Percent Under Contract ........................................
8.7%
9.2%
6.9%
9.9%
13.5%
Average Median Price for Last 12 Months ........
$2,255,562
$2,292,014
$2,278,333
$2,275,275
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.755
MAR
$1,772,500
APR MAY
MEDIAN SALES PRICE
JUN
$740
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
16 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.772 M E 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 2016
telesproperties.com
Malibu Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$4,877,500
$4,750,000
$14,725,000
$9,700,000
98.9%
Average Price per Square Foot ...........................
$2,566
$1,952
$2,568
$1,907
-25.7%
Properties Sold .......................................................
2
5
2
3
50.0%
Properties Pending Sale .......................................
1
5
2
5
400.0%
Properties For Sale ................................................
63
83
75
73
15.9%
Days on Market (Pending Sale) ...........................
384
107
120
139
-63.8%
Month’s Supply of Inventory ................................
31.5
16.6
37.5
24.3
-22.8%
Percent Under Contract ........................................
1.6%
6.0%
2.7%
6.8%
331.5%
Average Median Price for Last 12 Months ........
$6,846,469
$8,546,667
$8,625,000
$6,638,077
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$4.877
MAR
$9,700,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,907
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
24.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$9.700 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 2016
telesproperties.com
Marina Del Rey DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,768,578
$2,133,000
$1,342,500
$872,000
-68.5%
Average Price per Square Foot ...........................
$669
$760
$642
$886
32.4%
Properties Sold .......................................................
4
4
4
6
50.0%
Properties Pending Sale .......................................
8
5
3
6
-25.0%
Properties For Sale ................................................
17
29
24
27
58.8%
Days on Market (Pending Sale) ...........................
80
24
43
52
-35.0%
Month’s Supply of Inventory ................................
4.2
7.2
6
4.5
5.9%
Percent Under Contract ........................................
47.1%
17.2%
12.5%
22.2%
-52.8%
Average Median Price for Last 12 Months ........
$1,624,212
$1,623,292
$1,561,833
$1,658,371
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.768
FEB MAR
$872,000
APR MAY
MEDIAN SALES PRICE
JUN
$886
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$872 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Mid Los Angeles DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$423,000
$550,000
$457,450
$601,250
42.1%
Average Price per Square Foot ...........................
$308
$343
$344
$385
25.0%
Properties Sold .......................................................
25
34
24
28
12.0%
Properties Pending Sale .......................................
36
31
35
34
-5.6%
Properties For Sale ................................................
137
124
135
140
2.2%
Days on Market (Pending Sale) ...........................
63
20
53
62
-1.6%
Month’s Supply of Inventory ................................
5.5
3.6
5.6
5
-8.8%
Percent Under Contract ........................................
26.3%
25.0%
25.9%
24.3%
-7.6%
Average Median Price for Last 12 Months ........
$448,325
$539,033
$561,083
$522,477
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$423
MAR
$601,250
APR MAY
MEDIAN SALES PRICE
JUN
$385
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$601 M E 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 2016
telesproperties.com
Mid Wilshire DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$443,000
$885,000
$0
$759,500
71.4%
Average Price per Square Foot ...........................
$313
$396
$0
$382
22.0%
Properties Sold .......................................................
3
7
0
4
33.3%
Properties Pending Sale .......................................
4
6
6
6
50.0%
Properties For Sale ................................................
27
28
24
25
-7.4%
Days on Market (Pending Sale) ...........................
23
41
97
50
117.4%
Month’s Supply of Inventory ................................
9
4
n/a
6.2
-30.6%
Percent Under Contract ........................................
14.8%
21.4%
25.0%
24.0%
62.0%
Average Median Price for Last 12 Months ........
$605,400
$787,000
$757,333
$740,500
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$443
MAR
$759,500
APR MAY
MEDIAN SALES PRICE
JUN
$382
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$759 M E 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 2016
telesproperties.com
Pacific Palisades DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,912,000
$2,925,000
$2,402,500
$2,587,500
-11.1%
Average Price per Square Foot ...........................
$879
$997
$959
$985
12.1%
Properties Sold .......................................................
18
23
14
17
-5.6%
Properties Pending Sale .......................................
28
26
24
22
-21.4%
Properties For Sale ................................................
126
128
126
129
2.4%
Days on Market (Pending Sale) ...........................
48
52
50
40
-16.7%
Month’s Supply of Inventory ................................
7
5.6
9
7.6
8.4%
Percent Under Contract ........................................
22.2%
20.3%
19.0%
17.1%
-23.3%
Average Median Price for Last 12 Months ........
$2,514,697
$2,837,979
$2,896,292
$2,883,644
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.912
MAR
$2,587,500
APR MAY
MEDIAN SALES PRICE
JUN
$985
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.587 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 2016
telesproperties.com
Palms - Mar Vista DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,062,000
$1,205,000
$1,243,000
$1,284,000
20.9%
Average Price per Square Foot ...........................
$643
$700
$735
$765
19.0%
Properties Sold .......................................................
18
34
19
19
5.6%
Properties Pending Sale .......................................
25
30
16
30
20.0%
Properties For Sale ................................................
78
70
71
73
-6.4%
Days on Market (Pending Sale) ...........................
30
34
44
35
16.7%
Month’s Supply of Inventory ................................
4.3
2.1
3.7
3.8
-11.3%
Percent Under Contract ........................................
32.1%
42.9%
22.5%
41.1%
28.2%
Average Median Price for Last 12 Months ........
$1,049,925
$1,249,500
$1,223,000
$1,210,837
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.062
MAR
$1,284,000
APR MAY
MEDIAN SALES PRICE
JUN
$765
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.284 M E 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 2016
telesproperties.com
Playa Del Rey DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,560,000
$1,675,000
$1,147,500
$892,500
-42.8%
Average Price per Square Foot ...........................
$536
$600
$790
$584
9.0%
Properties Sold .......................................................
7
3
2
28
300.0%
Properties Pending Sale .......................................
2
4
4
36
1700.0%
Properties For Sale ................................................
15
13
14
107
613.3%
Days on Market (Pending Sale) ...........................
38
30
23
54
42.1%
Month’s Supply of Inventory ................................
2.1
4.3
7
3.8
78.3%
Percent Under Contract ........................................
13.3%
30.8%
28.6%
33.6%
152.3%
Average Median Price for Last 12 Months ........
$1,242,083
$1,368,833
$1,300,000
$1,716,000
27.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.560
FEB MAR
$892,500
APR MAY
MEDIAN SALES PRICE
JUN
$584
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$892 M E 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 2016
telesproperties.com
Playa Vista DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,682,450
$1,357,500
$2,600,000
$0
-100.0%
Average Price per Square Foot ...........................
$590
$523
$804
$0
-100.0%
Properties Sold .......................................................
2
2
1
0
-100.0%
Properties Pending Sale .......................................
0
1
1
1
n/a
Properties For Sale ................................................
6
4
5
7
16.7%
Days on Market (Pending Sale) ...........................
0
106
16
15
n/a
Month’s Supply of Inventory ................................
3
2
5
0.1
-95.2%
Percent Under Contract ........................................
0.0%
25.0%
20.0%
14.3%
n/a
Average Median Price for Last 12 Months ........
$1,382,225
$2,203,833
$2,257,500
$1,872,720
35.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.682
MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
0.1 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 2016
telesproperties.com
Santa Monica DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$3,149,398
$1,762,380
$3,009,000
$3,550,000
12.7%
Average Price per Square Foot ...........................
$1,029
$1,107
$1,126
$1,232
19.7%
Properties Sold .......................................................
10
18
16
15
50.0%
Properties Pending Sale .......................................
15
11
19
23
53.3%
Properties For Sale ................................................
76
84
95
101
32.9%
Days on Market (Pending Sale) ...........................
32
35
46
33
3.1%
Month’s Supply of Inventory ................................
7.6
4.7
5.9
6.7
-11.4%
Percent Under Contract ........................................
19.7%
13.1%
20.0%
22.8%
15.4%
Average Median Price for Last 12 Months ........
$2,152,396
$2,522,619
$2,928,000
$2,474,423
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$3.149
MAR
$3,550,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,232
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,426,000
$1,525,500
$1,401,000
$1,965,000
37.8%
Average Price per Square Foot ...........................
$1,003
$824
$824
$957
-4.6%
Properties Sold .......................................................
35
50
37
27
-22.9%
Properties Pending Sale .......................................
35
39
37
49
40.0%
Properties For Sale ................................................
244
300
311
290
18.9%
Days on Market (Pending Sale) ...........................
63
51
64
59
-6.3%
Month’s Supply of Inventory ................................
7
6
8.4
10.7
54.1%
Percent Under Contract ........................................
14.3%
13.0%
11.9%
16.9%
17.8%
Average Median Price for Last 12 Months ........
$1,765,075
$1,769,333
$1,930,833
$1,720,573
-2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.426
MAR
$1,965,000
APR MAY
MEDIAN SALES PRICE
JUN
$957
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Venice DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,750,000
$1,654,125
$1,675,000
$1,650,000
-5.7%
Average Price per Square Foot ...........................
$957
$930
$1,118
$1,036
8.3%
Properties Sold .......................................................
8
9
16
15
87.5%
Properties Pending Sale .......................................
19
16
17
24
26.3%
Properties For Sale ................................................
69
77
84
95
37.7%
Days on Market (Pending Sale) ...........................
59
41
53
55
-6.8%
Month’s Supply of Inventory ................................
8.6
8.6
5.2
6.3
-26.6%
Percent Under Contract ........................................
27.5%
20.8%
20.2%
25.3%
-8.3%
Average Median Price for Last 12 Months ........
$1,591,377
$1,769,333
$1,807,500
$1,821,930
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.750
MAR
$1,650,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,036
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.3 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 2016
telesproperties.com
West Hollywood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,475,000
$1,371,000
$1,403,031
$1,675,000
13.6%
Average Price per Square Foot ...........................
$779
$921
$790
$971
24.6%
Properties Sold .......................................................
12
9
9
13
8.3%
Properties Pending Sale .......................................
18
14
14
7
-61.1%
Properties For Sale ................................................
54
60
53
41
-24.1%
Days on Market (Pending Sale) ...........................
38
36
40
63
65.8%
Month’s Supply of Inventory ................................
4.5
6.7
5.9
3.2
-29.9%
Percent Under Contract ........................................
33.3%
23.3%
26.4%
17.1%
-48.8%
Average Median Price for Last 12 Months ........
$1,276,386
$1,517,297
$1,582,750
$1,504,560
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.475
MAR
$1,675,000
APR MAY
MEDIAN SALES PRICE
JUN
$971
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 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 2016
telesproperties.com
West Los Angeles DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$0
$1,200,000
$1,165,000
$925,000
n/a
Average Price per Square Foot ...........................
$0
$695
$930
$767
n/a
Properties Sold .......................................................
0
11
11
6
n/a
Properties Pending Sale .......................................
7
8
14
8
14.3%
Properties For Sale ................................................
36
31
35
37
2.8%
Days on Market (Pending Sale) ...........................
33
47
64
17
-48.5%
Month’s Supply of Inventory ................................
n/a
2.8
3.2
6.2
n/a
Percent Under Contract ........................................
19.4%
25.8%
40.0%
21.6%
11.2%
Average Median Price for Last 12 Months ........
$809,125
$1,049,333
$1,080,833
$1,014,815
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB MAR
$925,000
APR MAY
MEDIAN SALES PRICE
JUN
$767
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.2 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 2016
telesproperties.com
Westchester DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$842,900
$930,000
$939,175
$928,500
10.2%
Average Price per Square Foot ...........................
$502
$604
$581
$577
14.9%
Properties Sold .......................................................
14
25
22
22
57.1%
Properties Pending Sale .......................................
14
25
19
20
42.9%
Properties For Sale ................................................
43
75
59
59
37.2%
Days on Market (Pending Sale) ...........................
43
32
36
32
-25.6%
Month’s Supply of Inventory ................................
3.1
3
2.7
2.7
-12.7%
Percent Under Contract ........................................
32.6%
33.3%
32.2%
33.9%
4.1%
Average Median Price for Last 12 Months ........
$823,912
$961,279
$1,022,167
$933,121
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$842
MAR
$928,500
APR MAY
MEDIAN SALES PRICE
JUN
$577
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$928 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Westwood - Century City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,627,500
$1,617,500
$1,650,000
$1,594,000
-2.1%
Average Price per Square Foot ...........................
$782
$824
$820
$816
4.3%
Properties Sold .......................................................
14
21
11
10
-28.6%
Properties Pending Sale .......................................
13
19
18
15
15.4%
Properties For Sale ................................................
44
74
68
74
68.2%
Days on Market (Pending Sale) ...........................
58
36
39
19
-67.2%
Month’s Supply of Inventory ................................
3.1
3.5
6.2
7.4
135.5%
Percent Under Contract ........................................
29.5%
25.7%
26.5%
20.3%
-31.4%
Average Median Price for Last 12 Months ........
$1,770,313
$1,782,247
$1,746,745
$1,728,143
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.627
MAR
$1,594,000
APR MAY
MEDIAN SALES PRICE
JUN
$816
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.594 M E 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 2016
telesproperties.com
South Bay Macro Market DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,214,447
$1,375,567
$1,276,132
$1,169,132
-3.7%
Average Price per Square Foot ...........................
$583
$622
$552
$589
1.1%
Properties Sold .......................................................
141
245
154
143
1.4%
Properties Pending Sale .......................................
218
270
210
248
13.8%
Properties For Sale ................................................
714
989
828
812
13.7%
Days on Market (Pending Sale) ...........................
48
40
40
53
9.5%
Month’s Supply of Inventory ................................
5.1
4
5.4
5.7
12.1%
Percent Under Contract ........................................
30.5%
27.3%
25.4%
30.5%
0.0%
Average Median Price for Last 12 Months ........
$1,163,796
$1,212,484
$1,198,177
$1,259,913
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.214
MAR
$1,169,132
APR MAY
MEDIAN SALES PRICE
JUN
$589
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.169 M E 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 2016
telesproperties.com
El Segundo DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$835,000
$1,020,000
$1,277,500
$1,153,162
38.1%
Average Price per Square Foot ...........................
$592
$495
$500
$530
-10.5%
Properties Sold .......................................................
5
5
4
6
20.0%
Properties Pending Sale .......................................
8
8
5
7
-12.5%
Properties For Sale ................................................
17
26
22
18
5.9%
Days on Market (Pending Sale) ...........................
25
21
25
83
232.0%
Month’s Supply of Inventory ................................
3.4
5.2
5.5
3
-11.8%
Percent Under Contract ........................................
47.1%
30.8%
22.7%
38.9%
-17.4%
Average Median Price for Last 12 Months ........
$954,681
$1,188,694
$1,243,221
$1,069,474
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$835
MAR
$1,153,162
APR MAY
MEDIAN SALES PRICE
JUN
$530
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.153 M E 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 2016
telesproperties.com
Hermosa Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,450,000
$1,799,000
$1,920,000
$1,449,000
-0.1%
Average Price per Square Foot ...........................
$813
$932
$1,022
$774
-4.8%
Properties Sold .......................................................
5
11
10
5
0.0%
Properties Pending Sale .......................................
8
10
5
11
37.5%
Properties For Sale ................................................
21
41
30
40
90.5%
Days on Market (Pending Sale) ...........................
27
47
25
46
70.4%
Month’s Supply of Inventory ................................
4.2
3.7
3
8
90.5%
Percent Under Contract ........................................
38.1%
24.4%
16.7%
27.5%
-27.8%
Average Median Price for Last 12 Months ........
$1,503,829
$1,979,125
$1,902,583
$1,878,750
24.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.450
MAR
$1,449,000
APR MAY
MEDIAN SALES PRICE
JUN
$774
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.449 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Manhattan Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,147,500
$2,260,000
$2,200,000
$1,850,000
-13.9%
Average Price per Square Foot ...........................
$1,024
$1,452
$866
$1,045
2.1%
Properties Sold .......................................................
14
25
17
15
7.1%
Properties Pending Sale .......................................
18
25
21
27
50.0%
Properties For Sale ................................................
58
106
95
110
89.7%
Days on Market (Pending Sale) ...........................
32
33
43
44
37.5%
Month’s Supply of Inventory ................................
4.1
4.2
5.6
7.3
77.0%
Percent Under Contract ........................................
31.0%
23.6%
22.1%
24.5%
-20.9%
Average Median Price for Last 12 Months ........
$1,918,438
$2,055,500
$1,923,333
$2,141,769
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.147
MAR
$1,850,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,045
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Palos Verdes Estates DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,772,500
$2,101,000
$1,740,000
$1,799,500
1.5%
Average Price per Square Foot ...........................
$696
$753
$572
$756
8.6%
Properties Sold .......................................................
12
12
11
16
33.3%
Properties Pending Sale .......................................
16
26
17
15
-6.2%
Properties For Sale ................................................
56
82
76
88
57.1%
Days on Market (Pending Sale) ...........................
78
62
64
48
-38.5%
Month’s Supply of Inventory ................................
4.7
6.8
6.9
5.5
17.9%
Percent Under Contract ........................................
28.6%
31.7%
22.4%
17.0%
-40.3%
Average Median Price for Last 12 Months ........
$1,682,396
$1,647,117
$1,618,667
$1,770,477
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.772
MAR
$1,799,500
APR MAY
MEDIAN SALES PRICE
JUN
$756
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.799 M E 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 2016
telesproperties.com
Rancho Palos Verdes DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,150,000
$1,240,000
$1,150,000
$1,390,000
20.9%
Average Price per Square Foot ...........................
$522
$512
$573
$522
0.0%
Properties Sold .......................................................
20
29
23
16
-20.0%
Properties Pending Sale .......................................
34
39
26
38
11.8%
Properties For Sale ................................................
123
181
153
121
-1.6%
Days on Market (Pending Sale) ...........................
50
61
38
60
20.0%
Month’s Supply of Inventory ................................
6.2
6.2
6.7
7.6
23.0%
Percent Under Contract ........................................
27.6%
21.5%
17.0%
31.4%
13.6%
Average Median Price for Last 12 Months ........
$1,161,033
$1,210,764
$1,251,362
$1,189,776
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.150
MAR
$1,390,000
APR MAY
MEDIAN SALES PRICE
JUN
$522
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.390 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 2016
telesproperties.com
Redondo Beach- North DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$870,000
$847,000
$783,000
$710,000
-18.4%
Average Price per Square Foot ...........................
$512
$579
$506
$677
32.2%
Properties Sold .......................................................
8
18
8
3
-62.5%
Properties Pending Sale .......................................
13
19
12
16
23.1%
Properties For Sale ................................................
30
49
34
35
16.7%
Days on Market (Pending Sale) ...........................
36
43
35
43
19.4%
Month’s Supply of Inventory ................................
3.8
2.7
4.2
11.7
211.1%
Percent Under Contract ........................................
43.3%
38.8%
35.3%
45.7%
5.5%
Average Median Price for Last 12 Months ........
$806,900
$852,167
$826,667
$868,852
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $870
FEB MAR
$710,000
APR MAY
MEDIAN SALES PRICE
JUN
$677
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$710 M E 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 2016
telesproperties.com
Redondo Beach- South DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,212,000
$1,170,000
$1,142,500
$1,200,000
-1.0%
Average Price per Square Foot ...........................
$618
$816
$674
$720
16.5%
Properties Sold .......................................................
9
14
6
11
22.2%
Properties Pending Sale .......................................
14
17
13
14
0.0%
Properties For Sale ................................................
41
58
46
39
-4.9%
Days on Market (Pending Sale) ...........................
51
35
53
55
7.8%
Month’s Supply of Inventory ................................
4.6
4.1
7.7
3.5
-22.2%
Percent Under Contract ........................................
34.1%
29.3%
28.3%
35.9%
5.1%
Average Median Price for Last 12 Months ........
$1,088,292
$1,217,208
$1,205,250
$1,200,250
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.212
MAR
$1,200,000
APR MAY
MEDIAN SALES PRICE
JUN
$720
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Rolling Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$3,658,000
$4,530,000
$3,224,500
$2,750,000
-24.8%
Average Price per Square Foot ...........................
$901
$924
$583
$795
-11.8%
Properties Sold .......................................................
3
3
2
2
-33.3%
Properties Pending Sale .......................................
2
4
0
1
-50.0%
Properties For Sale ................................................
21
30
22
21
0.0%
Days on Market (Pending Sale) ...........................
93
40
0
143
53.8%
Month’s Supply of Inventory ................................
7
10
11
10.5
50.0%
Percent Under Contract ........................................
9.5%
13.3%
0.0%
4.8%
-50.0%
Average Median Price for Last 12 Months ........
$3,258,448
$3,041,125
$2,820,000
$3,346,136
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.658
FEB MAR
$2,750,000
APR MAY
MEDIAN SALES PRICE
JUN
$795
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Rolling Hills Estates DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,475,000
$1,777,250
$1,700,000
$1,285,500
-12.8%
Average Price per Square Foot ...........................
$558
$563
$537
$568
1.8%
Properties Sold .......................................................
4
12
5
7
75.0%
Properties Pending Sale .......................................
4
8
7
10
150.0%
Properties For Sale ................................................
14
31
23
27
92.9%
Days on Market (Pending Sale) ...........................
106
47
77
51
-51.9%
Month’s Supply of Inventory ................................
3.5
2.6
4.6
3.9
10.2%
Percent Under Contract ........................................
28.6%
25.8%
30.4%
37.0%
29.6%
Average Median Price for Last 12 Months ........
$1,424,211
$1,721,083
$1,822,167
$1,574,808
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.475
MAR
$1,285,500
APR MAY
MEDIAN SALES PRICE
JUN
$568
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.285 M E 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 2016
telesproperties.com
San Pedro DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$480,500
$547,000
$610,000
$592,814
23.4%
Average Price per Square Foot ...........................
$369
$377
$363
$345
-6.5%
Properties Sold .......................................................
23
38
19
17
-26.1%
Properties Pending Sale .......................................
38
34
37
34
-10.5%
Properties For Sale ................................................
141
143
115
111
-21.3%
Days on Market (Pending Sale) ...........................
56
42
58
41
-26.8%
Month’s Supply of Inventory ................................
6.1
3.8
6.1
6.5
6.5%
Percent Under Contract ........................................
27.0%
23.8%
32.2%
30.6%
13.7%
Average Median Price for Last 12 Months ........
$535,938
$574,302
$563,938
$552,601
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$480
MAR
$592,814
APR MAY
MEDIAN SALES PRICE
JUN
$345
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$592 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Torrance- County Strip DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$445,000
$516,000
$487,250
$510,000
14.6%
Average Price per Square Foot ...........................
$273
$275
$323
$314
15.0%
Properties Sold .......................................................
4
6
6
6
50.0%
Properties Pending Sale .......................................
2
7
8
3
50.0%
Properties For Sale ................................................
20
22
19
22
10.0%
Days on Market (Pending Sale) ...........................
34
16
20
19
-44.1%
Month’s Supply of Inventory ................................
5
3.7
3.2
3.7
-26.7%
Percent Under Contract ........................................
10.0%
31.8%
42.1%
13.6%
36.4%
Average Median Price for Last 12 Months ........
$444,354
$485,208
$498,333
$476,558
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$445
MAR
$510,000
APR MAY
MEDIAN SALES PRICE
JUN
$314
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Torrance- North DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$573,950
$620,000
$633,975
$605,000
5.4%
Average Price per Square Foot ...........................
$432
$387
$405
$423
-2.1%
Properties Sold .......................................................
10
16
12
15
50.0%
Properties Pending Sale .......................................
16
22
20
21
31.2%
Properties For Sale ................................................
36
60
64
52
44.4%
Days on Market (Pending Sale) ...........................
22
27
34
40
81.8%
Month’s Supply of Inventory ................................
3.6
3.8
5.3
3.5
-3.7%
Percent Under Contract ........................................
44.4%
36.7%
31.2%
40.4%
-9.1%
Average Median Price for Last 12 Months ........
$555,942
$603,329
$599,167
$599,148
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$573
MAR
$605,000
APR MAY
MEDIAN SALES PRICE
JUN
$423
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 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 2016
telesproperties.com
Torrance- South DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$812,750
$875,000
$839,500
$887,000
9.1%
Average Price per Square Foot ...........................
$523
$437
$432
$464
-11.3%
Properties Sold .......................................................
8
17
12
8
0.0%
Properties Pending Sale .......................................
12
19
15
15
25.0%
Properties For Sale ................................................
41
72
59
43
4.9%
Days on Market (Pending Sale) ...........................
27
46
31
40
48.1%
Month’s Supply of Inventory ................................
5.1
4.2
4.9
5.4
4.9%
Percent Under Contract ........................................
29.3%
26.4%
25.4%
34.9%
19.2%
Average Median Price for Last 12 Months ........
$802,167
$846,919
$815,004
$845,838
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$812
MAR
$887,000
APR MAY
MEDIAN SALES PRICE
JUN
$464
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$887 M E 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 2016
telesproperties.com
Torrance- Southeast DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$620,000
$563,750
$638,750
$600,000
-3.2%
Average Price per Square Foot ...........................
$398
$351
$418
$429
7.8%
Properties Sold .......................................................
8
22
10
7
-12.5%
Properties Pending Sale .......................................
16
20
12
22
37.5%
Properties For Sale ................................................
59
52
42
53
-10.2%
Days on Market (Pending Sale) ...........................
59
47
34
38
-35.6%
Month’s Supply of Inventory ................................
7.4
2.4
4.2
7.6
2.7%
Percent Under Contract ........................................
27.1%
38.5%
28.6%
41.5%
53.1%
Average Median Price for Last 12 Months ........
$589,027
$601,042
$624,500
$600,577
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$620
MAR
$600,000
APR MAY
MEDIAN SALES PRICE
JUN
$429
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.6 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 2016
telesproperties.com
Torrance- West DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$714,500
$767,500
$795,000
$755,000
5.7%
Average Price per Square Foot ...........................
$509
$472
$504
$471
-7.5%
Properties Sold .......................................................
8
17
9
9
12.5%
Properties Pending Sale .......................................
17
12
12
14
-17.6%
Properties For Sale ................................................
36
36
28
32
-11.1%
Days on Market (Pending Sale) ...........................
31
30
61
45
45.2%
Month’s Supply of Inventory ................................
4.5
2.1
3.1
3.6
-21.0%
Percent Under Contract ........................................
47.2%
33.3%
42.9%
43.8%
-7.4%
Average Median Price for Last 12 Months ........
$731,292
$795,667
$805,000
$783,685
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$714
MAR
$755,000
APR MAY
MEDIAN SALES PRICE
JUN
$471
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$755 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$762,857
$868,571
$817,786
$863,000
13.1%
Average Price per Square Foot ...........................
$389
$434
$413
$427
9.8%
Properties Sold .......................................................
291
529
332
274
-5.8%
Properties Pending Sale .......................................
488
563
447
458
-6.1%
Properties For Sale ................................................
916
1,186
943
849
-7.3%
Days on Market (Pending Sale) ...........................
72
55
62
66
-8.9%
Month’s Supply of Inventory ................................
3.1
2.2
2.8
3.1
-1.6%
Percent Under Contract ........................................
53.3%
47.5%
47.4%
53.9%
1.3%
Average Median Price for Last 12 Months ........
$768,726
$818,107
$832,881
$815,780
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$762
MAR
$863,000
APR MAY
MEDIAN SALES PRICE
JUN
$427
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$863 M E 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 2016
telesproperties.com
Burbank DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$657,000
$705,000
$730,000
$720,000
9.6%
Average Price per Square Foot ...........................
$406
$452
$462
$455
12.1%
Properties Sold .......................................................
30
55
34
21
-30.0%
Properties Pending Sale .......................................
57
59
46
48
-15.8%
Properties For Sale ................................................
71
102
74
65
-8.5%
Days on Market (Pending Sale) ...........................
65
50
59
60
-7.7%
Month’s Supply of Inventory ................................
2.4
1.9
2.2
3.1
30.8%
Percent Under Contract ........................................
80.3%
57.8%
62.2%
73.8%
-8.0%
Average Median Price for Last 12 Months ........
$650,333
$719,333
$731,667
$697,692
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$657
MAR
$720,000
APR MAY
MEDIAN SALES PRICE
JUN
$455
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Encino DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,000,000
$1,229,000
$1,210,000
$963,000
-3.7%
Average Price per Square Foot ...........................
$415
$521
$425
$456
9.9%
Properties Sold .......................................................
23
49
33
26
13.0%
Properties Pending Sale .......................................
39
49
39
43
10.3%
Properties For Sale ................................................
117
136
109
98
-16.2%
Days on Market (Pending Sale) ...........................
77
49
70
79
2.6%
Month’s Supply of Inventory ................................
5.1
2.8
3.3
3.8
-25.9%
Percent Under Contract ........................................
33.3%
36.0%
35.8%
43.9%
31.6%
Average Median Price for Last 12 Months ........
$1,044,500
$1,088,500
$1,029,667
$1,130,058
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.000
MAR
$963,000
APR MAY
MEDIAN SALES PRICE
JUN
$456
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$963 M E 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 2016
telesproperties.com
Glendale DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$745,000
$768,000
$801,000
$770,000
3.4%
Average Price per Square Foot ...........................
$393
$426
$454
$438
11.5%
Properties Sold .......................................................
45
80
35
29
-35.6%
Properties Pending Sale .......................................
58
60
57
62
6.9%
Properties For Sale ................................................
101
129
92
82
-18.8%
Days on Market (Pending Sale) ...........................
57
43
40
66
15.8%
Month’s Supply of Inventory ................................
2.2
1.6
2.6
2.8
26.0%
Percent Under Contract ........................................
57.4%
46.5%
62.0%
75.6%
31.7%
Average Median Price for Last 12 Months ........
$730,750
$798,167
$771,667
$797,615
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$745
MAR
$770,000
APR MAY
MEDIAN SALES PRICE
JUN
$438
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
La Crescenta DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$736,000
$788,000
$724,000
$720,000
-2.2%
Average Price per Square Foot ...........................
$382
$425
$436
$452
18.3%
Properties Sold .......................................................
14
21
15
9
-35.7%
Properties Pending Sale .......................................
14
24
16
10
-28.6%
Properties For Sale ................................................
14
29
27
22
57.1%
Days on Market (Pending Sale) ...........................
66
49
53
51
-22.7%
Month’s Supply of Inventory ................................
1
1.4
1.8
2.4
144.4%
Percent Under Contract ........................................
100.0%
82.8%
59.3%
45.5%
-54.5%
Average Median Price for Last 12 Months ........
$723,500
$763,500
$731,667
$754,615
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$736
MAR
$720,000
APR MAY
MEDIAN SALES PRICE
JUN
$452
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
North Hollywood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$450,000
$523,000
$523,000
$520,000
15.6%
Average Price per Square Foot ...........................
$342
$372
$365
$364
6.4%
Properties Sold .......................................................
24
40
32
33
37.5%
Properties Pending Sale .......................................
29
48
37
52
79.3%
Properties For Sale ................................................
67
82
74
59
-11.9%
Days on Market (Pending Sale) ...........................
59
40
63
70
18.6%
Month’s Supply of Inventory ................................
2.8
2
2.3
1.8
-36.0%
Percent Under Contract ........................................
43.3%
58.5%
50.0%
88.1%
103.6%
Average Median Price for Last 12 Months ........
$451,667
$512,500
$509,333
$493,192
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$450
MAR
$520,000
APR MAY
MEDIAN SALES PRICE
JUN
$364
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Shadow Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$673,000
$655,000
$608,000
$893,000
32.7%
Average Price per Square Foot ...........................
$282
$327
$324
$282
0.0%
Properties Sold .......................................................
2
5
1
1
-50.0%
Properties Pending Sale .......................................
4
7
7
4
0.0%
Properties For Sale ................................................
9
7
14
10
11.1%
Days on Market (Pending Sale) ...........................
75
59
64
68
-9.3%
Month’s Supply of Inventory ................................
4.5
1.4
14
10
122.2%
Percent Under Contract ........................................
44.4%
100.0%
50.0%
40.0%
-10.0%
Average Median Price for Last 12 Months ........
$699,000
$663,833
$688,667
$712,385
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$673
MAR
$893,000
APR MAY
MEDIAN SALES PRICE
JUN
$282
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$893 M E 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 2016
telesproperties.com
Sherman Oaks DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$935,000
$1,030,000
$976,000
$1,000,000
7.0%
Average Price per Square Foot ...........................
$418
$468
$524
$479
14.6%
Properties Sold .......................................................
39
67
30
33
-15.4%
Properties Pending Sale .......................................
69
76
57
63
-8.7%
Properties For Sale ................................................
105
143
130
119
13.3%
Days on Market (Pending Sale) ...........................
79
48
54
71
-10.1%
Month’s Supply of Inventory ................................
2.7
2.1
4.3
3.6
33.9%
Percent Under Contract ........................................
65.7%
53.1%
43.8%
52.9%
-19.4%
Average Median Price for Last 12 Months ........
$900,000
$957,833
$982,000
$973,250
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$935
MAR
$1,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$479
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.000 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 2016
telesproperties.com
Studio City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,335,000
$1,305,000
$1,325,000
$1,415,000
6.0%
Average Price per Square Foot ...........................
$583
$560
$574
$645
10.6%
Properties Sold .......................................................
16
32
33
18
12.5%
Properties Pending Sale .......................................
39
35
28
23
-41.0%
Properties For Sale ................................................
60
116
85
77
28.3%
Days on Market (Pending Sale) ...........................
60
58
75
56
-6.7%
Month’s Supply of Inventory ................................
3.8
3.6
2.6
4.3
14.1%
Percent Under Contract ........................................
65.0%
30.2%
32.9%
29.9%
-54.0%
Average Median Price for Last 12 Months ........
$1,185,750
$1,353,000
$1,314,333
$1,297,115
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.335
MAR
$1,415,000
APR MAY
MEDIAN SALES PRICE
JUN
$645
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Sun Valley DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$475,000
$450,000
$440,000
$574,000
20.8%
Average Price per Square Foot ...........................
$303
$369
$341
$348
14.9%
Properties Sold .......................................................
12
21
12
12
0.0%
Properties Pending Sale .......................................
23
25
24
17
-26.1%
Properties For Sale ................................................
39
41
28
26
-33.3%
Days on Market (Pending Sale) ...........................
81
55
47
60
-25.9%
Month’s Supply of Inventory ................................
3.2
2
2.3
2.2
-33.3%
Percent Under Contract ........................................
59.0%
61.0%
85.7%
65.4%
10.9%
Average Median Price for Last 12 Months ........
$407,167
$462,333
$476,333
$447,154
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$475
MAR
$574,000
APR MAY
MEDIAN SALES PRICE
JUN
$348
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$574 M E 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 2016
telesproperties.com
Sunland/Tujunga DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$454,000
$553,000
$500,000
$447,000
-1.5%
Average Price per Square Foot ...........................
$319
$352
$367
$355
11.3%
Properties Sold .......................................................
28
34
25
19
-32.1%
Properties Pending Sale .......................................
34
47
43
36
5.9%
Properties For Sale ................................................
59
81
59
48
-18.6%
Days on Market (Pending Sale) ...........................
38
50
68
62
63.2%
Month’s Supply of Inventory ................................
2.1
2.4
2.4
2.5
19.9%
Percent Under Contract ........................................
57.6%
58.0%
72.9%
75.0%
30.1%
Average Median Price for Last 12 Months ........
$473,583
$495,500
$500,000
$492,038
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$454
MAR
$447,000
APR MAY
MEDIAN SALES PRICE
JUN
$355
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$447 M E 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 2016
telesproperties.com
Tarzana DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$812,000
$713,000
$930,000
$950,000
17.0%
Average Price per Square Foot ...........................
$365
$358
$370
$412
12.9%
Properties Sold .......................................................
17
26
25
25
47.1%
Properties Pending Sale .......................................
32
43
23
23
-28.1%
Properties For Sale ................................................
76
112
81
77
1.3%
Days on Market (Pending Sale) ...........................
102
65
56
71
-30.4%
Month’s Supply of Inventory ................................
4.5
4.3
3.2
3.1
-31.1%
Percent Under Contract ........................................
42.1%
38.4%
28.4%
29.9%
-29.1%
Average Median Price for Last 12 Months ........
$896,583
$880,833
$871,333
$897,846
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$812
MAR
$950,000
APR MAY
MEDIAN SALES PRICE
JUN
$412
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Toluca Lake DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$880,000
$1,625,000
$1,100,000
$1,553,000
76.5%
Average Price per Square Foot ...........................
$477
$607
$402
$473
-0.8%
Properties Sold .......................................................
5
7
3
2
-60.0%
Properties Pending Sale .......................................
11
8
6
5
-54.5%
Properties For Sale ................................................
14
18
12
14
0.0%
Days on Market (Pending Sale) ...........................
92
100
111
83
-9.8%
Month’s Supply of Inventory ................................
2.8
2.6
4
7
150.0%
Percent Under Contract ........................................
78.6%
44.4%
50.0%
35.7%
-54.5%
Average Median Price for Last 12 Months ........
$1,120,167
$1,168,833
$1,416,333
$1,132,962
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$880
MAR
$1,553,000
APR MAY
MEDIAN SALES PRICE
JUN
$473
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.553 M E 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 2016
telesproperties.com
Valley Village DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$823,000
$1,118,000
$820,000
$829,000
0.7%
Average Price per Square Foot ...........................
$470
$493
$402
$479
1.9%
Properties Sold .......................................................
8
16
5
5
-37.5%
Properties Pending Sale .......................................
11
8
5
11
0.0%
Properties For Sale ................................................
18
18
17
15
-16.7%
Days on Market (Pending Sale) ...........................
66
42
41
44
-33.3%
Month’s Supply of Inventory ................................
2.2
1.1
3.4
3
33.3%
Percent Under Contract ........................................
61.1%
44.4%
29.4%
73.3%
20.0%
Average Median Price for Last 12 Months ........
$777,083
$825,167
$855,333
$859,462
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$823
MAR
$829,000
APR MAY
MEDIAN SALES PRICE
JUN
$479
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$829 M E 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 2016
telesproperties.com
Woodland Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$705,000
$698,000
$762,000
$728,000
3.3%
Average Price per Square Foot ...........................
$290
$352
$340
$339
16.9%
Properties Sold .......................................................
28
76
49
41
46.4%
Properties Pending Sale .......................................
68
74
59
61
-10.3%
Properties For Sale ................................................
166
172
141
137
-17.5%
Days on Market (Pending Sale) ...........................
95
57
63
81
-14.7%
Month’s Supply of Inventory ................................
5.9
2.3
2.9
3.3
-43.6%
Percent Under Contract ........................................
41.0%
43.0%
41.8%
44.5%
8.7%
Average Median Price for Last 12 Months ........
$702,083
$764,167
$782,000
$735,538
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$705
MAR
$728,000
APR MAY
MEDIAN SALES PRICE
JUN
$339
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$728 M E 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 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$916,167
$978,750
$1,046,250
$1,002,583
9.4%
Average Price per Square Foot ...........................
$511
$512
$500
$515
0.8%
Properties Sold .......................................................
17
27
20
16
-4.9%
Properties Pending Sale .......................................
25
30
28
23
-8.6%
Properties For Sale ................................................
63
77
62
60
-5.1%
Days on Market (Pending Sale) ...........................
54
46
61
65
19.7%
Month’s Supply of Inventory ................................
3.7
2.8
3.1
3.7
-0.3%
Percent Under Contract ........................................
39.9%
39.0%
44.7%
38.4%
-3.6%
Average Median Price for Last 12 Months ........
$11,247,167
$1,005,222
$987,139
$996,361
-91.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$916
MAR
$1,002,583
APR MAY
MEDIAN SALES PRICE
JUN
$515
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.002 M E 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 2016
telesproperties.com
Alhambra DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$505,000
$624,000
$575,000
$560,000
10.9%
Average Price per Square Foot ...........................
$395
$395
$409
$430
8.9%
Properties Sold .......................................................
16
14
18
13
-18.8%
Properties Pending Sale .......................................
31
25
18
26
-16.1%
Properties For Sale ................................................
83
50
46
43
-48.2%
Days on Market (Pending Sale) ...........................
69
36
74
56
-18.8%
Month’s Supply of Inventory ................................
5.2
3.6
2.6
3.3
-36.2%
Percent Under Contract ........................................
37.3%
50.0%
39.1%
60.5%
61.9%
Average Median Price for Last 12 Months ........
$530,167
$588,500
$588,333
$558,769
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$505
MAR
$560,000
APR MAY
MEDIAN SALES PRICE
JUN
$430
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Altadena DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$668,000
$655,000
$757,000
$688,000
3.0%
Average Price per Square Foot ...........................
$412
$441
$422
$426
3.4%
Properties Sold .......................................................
33
31
31
23
-30.3%
Properties Pending Sale .......................................
41
44
47
29
-29.3%
Properties For Sale ................................................
57
54
40
52
-8.8%
Days on Market (Pending Sale) ...........................
68
43
73
58
-14.7%
Month’s Supply of Inventory ................................
1.7
1.7
1.3
2.3
30.9%
Percent Under Contract ........................................
71.9%
81.5%
117.5%
55.8%
-22.5%
Average Median Price for Last 12 Months ........
$621,083
$703,167
$715,000
$689,077
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$668
MAR
$688,000
APR MAY
MEDIAN SALES PRICE
JUN
$426
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$688 M E 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 2016
telesproperties.com
Arcadia DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,298,000
$1,183,000
$1,405,000
$1,360,000
4.8%
Average Price per Square Foot ...........................
$563
$560
$540
$524
-6.9%
Properties Sold .......................................................
19
42
28
23
21.1%
Properties Pending Sale .......................................
33
55
34
39
18.2%
Properties For Sale ................................................
192
277
209
208
8.3%
Days on Market (Pending Sale) ...........................
74
57
80
76
2.7%
Month’s Supply of Inventory ................................
10.1
6.6
7.5
9
-10.5%
Percent Under Contract ........................................
17.2%
19.9%
16.3%
18.8%
9.1%
Average Median Price for Last 12 Months ........
$1,351,750
$1,340,833
$1,310,000
$1,299,269
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.298
MAR
$1,360,000
APR MAY
MEDIAN SALES PRICE
JUN
$524
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.360 M E 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 2016
telesproperties.com
Duarte DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$420,000
$409,000
$438,000
$398,000
-5.2%
Average Price per Square Foot ...........................
$322
$362
$352
$389
20.8%
Properties Sold .......................................................
17
11
11
12
-29.4%
Properties Pending Sale .......................................
18
14
17
16
-11.1%
Properties For Sale ................................................
16
29
32
31
93.8%
Days on Market (Pending Sale) ...........................
53
44
51
65
22.6%
Month’s Supply of Inventory ................................
0.9
2.6
2.9
2.6
174.5%
Percent Under Contract ........................................
112.5%
48.3%
53.1%
51.6%
-54.1%
Average Median Price for Last 12 Months ........
$429,333
$459,667
$460,667
$455,692
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$420
MAR
$398,000
APR MAY
MEDIAN SALES PRICE
JUN
$389
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$398 M E 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 2016
telesproperties.com
Eagle Rock DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$733,000
$740,000
$683,000
$763,000
4.1%
Average Price per Square Foot ...........................
$451
$435
$432
$492
9.1%
Properties Sold .......................................................
7
16
16
10
42.9%
Properties Pending Sale .......................................
12
21
25
21
75.0%
Properties For Sale ................................................
24
32
22
26
8.3%
Days on Market (Pending Sale) ...........................
45
44
65
77
71.1%
Month’s Supply of Inventory ................................
3.4
2
1.4
2.6
-24.2%
Percent Under Contract ........................................
50.0%
65.6%
113.6%
80.8%
61.5%
Average Median Price for Last 12 Months ........
$689,083
$706,667
$718,000
$708,231
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$733
MAR
$763,000
APR MAY
MEDIAN SALES PRICE
JUN
$492
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$763 M E 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 2016
telesproperties.com
La Canada Flintridge DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,455,000
$1,618,000
$1,775,000
$1,412,000
-3.0%
Average Price per Square Foot ...........................
$602
$606
$651
$566
-6.0%
Properties Sold .......................................................
15
28
20
12
-20.0%
Properties Pending Sale .......................................
18
24
22
22
22.2%
Properties For Sale ................................................
48
71
40
42
-12.5%
Days on Market (Pending Sale) ...........................
43
59
42
63
46.5%
Month’s Supply of Inventory ................................
3.2
2.5
2
3.5
9.4%
Percent Under Contract ........................................
37.5%
33.8%
55.0%
52.4%
39.7%
Average Median Price for Last 12 Months ........
$1,389,333
$1,569,000
$1,527,667
$1,617,694
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.455
MAR
$1,412,000
APR MAY
MEDIAN SALES PRICE
JUN
$566
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.412 M E 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 2016
telesproperties.com
Monrovia DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$525,000
$610,000
$645,000
$640,000
21.9%
Average Price per Square Foot ...........................
$381
$394
$386
$424
11.3%
Properties Sold .......................................................
15
33
12
21
40.0%
Properties Pending Sale .......................................
22
27
22
21
-4.5%
Properties For Sale ................................................
64
59
56
47
-26.6%
Days on Market (Pending Sale) ...........................
55
55
64
64
16.4%
Month’s Supply of Inventory ................................
4.3
1.8
4.7
2.2
-47.5%
Percent Under Contract ........................................
34.4%
45.8%
39.3%
44.7%
30.0%
Average Median Price for Last 12 Months ........
$596,417
$651,833
$613,333
$623,846
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$525
MAR
$640,000
APR MAY
MEDIAN SALES PRICE
JUN
$424
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Pasadena DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$739,000
$774,000
$767,000
$750,000
1.5%
Average Price per Square Foot ...........................
$552
$517
$522
$489
-11.4%
Properties Sold .......................................................
47
84
56
46
-2.1%
Properties Pending Sale .......................................
82
92
91
65
-20.7%
Properties For Sale ................................................
170
183
173
158
-7.1%
Days on Market (Pending Sale) ...........................
57
46
55
58
1.8%
Month’s Supply of Inventory ................................
3.6
2.2
3.1
3.4
-5.0%
Percent Under Contract ........................................
48.2%
50.3%
52.6%
41.1%
-14.7%
Average Median Price for Last 12 Months ........
$754,167
$799,833
$815,667
$794,923
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$739
MAR
$750,000
APR MAY
MEDIAN SALES PRICE
JUN
$489
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2016
telesproperties.com
San Gabriel DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$641,000
$682,000
$710,000
$788,000
22.9%
Average Price per Square Foot ...........................
$430
$421
$410
$467
8.6%
Properties Sold .......................................................
14
32
15
12
-14.3%
Properties Pending Sale .......................................
21
33
19
14
-33.3%
Properties For Sale ................................................
50
78
61
50
0.0%
Days on Market (Pending Sale) ...........................
48
50
76
74
54.2%
Month’s Supply of Inventory ................................
3.6
2.4
4.1
4.2
16.7%
Percent Under Contract ........................................
42.0%
42.3%
31.1%
28.0%
-33.3%
Average Median Price for Last 12 Months ........
$697,667
$736,667
$761,000
$716,115
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$641
MAR
$788,000
APR MAY
MEDIAN SALES PRICE
JUN
$467
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 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 2016
telesproperties.com
San Marino DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,330,000
$2,115,000
$2,650,000
$2,350,000
0.9%
Average Price per Square Foot ...........................
$986
$851
$839
$956
-3.0%
Properties Sold .......................................................
9
14
11
13
44.4%
Properties Pending Sale .......................................
9
11
14
11
22.2%
Properties For Sale ................................................
23
41
35
37
60.9%
Days on Market (Pending Sale) ...........................
59
55
40
79
33.9%
Month’s Supply of Inventory ................................
2.6
2.9
3.2
2.8
11.4%
Percent Under Contract ........................................
39.1%
26.8%
40.0%
29.7%
-24.0%
Average Median Price for Last 12 Months ........
$2,167,333
$2,260,667
$2,113,000
$2,306,615
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.330
MAR
$2,350,000
APR MAY
MEDIAN SALES PRICE
JUN
$956
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Sierra Madre DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$680,000
$1,065,000
$829,000
$1,377,000
102.5%
Average Price per Square Foot ...........................
$506
$526
$433
$473
-6.5%
Properties Sold .......................................................
7
6
8
4
-42.9%
Properties Pending Sale .......................................
7
2
7
3
-57.1%
Properties For Sale ................................................
21
22
16
14
-33.3%
Days on Market (Pending Sale) ...........................
57
37
77
45
-21.1%
Month’s Supply of Inventory ................................
3
3.7
2
3.5
16.7%
Percent Under Contract ........................................
33.3%
9.1%
43.8%
21.4%
-35.7%
Average Median Price for Last 12 Months ........
$853,333
$1,051,000
$1,153,667
$1,007,885
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$680
MAR
$1,377,000
APR MAY
MEDIAN SALES PRICE
JUN
$473
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.377 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 2016
telesproperties.com
South Pasadena DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,000,000
$1,270,000
$1,321,000
$945,000
-5.5%
Average Price per Square Foot ...........................
$529
$637
$598
$540
2.1%
Properties Sold .......................................................
7
17
15
7
0.0%
Properties Pending Sale .......................................
9
12
15
10
11.1%
Properties For Sale ................................................
12
27
11
13
8.3%
Days on Market (Pending Sale) ...........................
22
28
37
63
186.4%
Month’s Supply of Inventory ................................
1.7
1.6
0.7
1.9
8.3%
Percent Under Contract ........................................
75.0%
44.4%
136.4%
76.9%
2.6%
Average Median Price for Last 12 Months ........
$1,167,500
$1,194,833
$1,069,333
$1,178,214
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.000
MAR
$945,000
APR MAY
MEDIAN SALES PRICE
JUN
$540
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.9 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 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : February 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : February 2016
telesproperties.com
Orange County DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$659,000
$705,000
$700,000
$701,500
6.4%
Average Price per Square Foot ...........................
$415
$420
$425
$454
9.4%
Properties Sold .......................................................
1101
1693
1214
1110
0.8%
Properties Pending Sale .......................................
1703
1783
1408
1642
-3.6%
Properties For Sale ................................................
5,989
7,480
5,952
5,725
-4.4%
Days on Market (Pending Sale) ...........................
59
54
64
58
-1.7%
Month’s Supply of Inventory ................................
5.4
4.4
4.9
5.2
-5.2%
Percent Under Contract ........................................
28.4%
23.8%
23.7%
28.7%
0.9%
Average Median Price for Last 12 Months ........
$670,012
$698,583
$698,833
$696,962
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$659
MAR
$701,500
APR MAY
MEDIAN SALES PRICE
JUN
$454
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$701 M E 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 2016
telesproperties.com
Aliso Viejo DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$710,000
$822,500
$690,000
$749,000
5.5%
Average Price per Square Foot ...........................
$340
$356
$372
$363
6.8%
Properties Sold .......................................................
17
26
13
23
35.3%
Properties Pending Sale .......................................
17
17
16
24
41.2%
Properties For Sale ................................................
56
76
62
69
23.2%
Days on Market (Pending Sale) ...........................
75
62
74
33
-56.0%
Month’s Supply of Inventory ................................
3.3
2.9
4.8
3
-8.9%
Percent Under Contract ........................................
30.4%
22.4%
25.8%
34.8%
14.6%
Average Median Price for Last 12 Months ........
$713,292
$737,667
$774,667
$744,115
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$710
MAR
$749,000
APR MAY
MEDIAN SALES PRICE
JUN
$363
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$749 M E 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 2016
telesproperties.com
Balboa Peninsula DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,910,000
$1,962,500
$1,300,000
$2,775,000
45.3%
Average Price per Square Foot ...........................
$1,184
$1,105
$1,043
$1,207
1.9%
Properties Sold .......................................................
4
6
1
4
0.0%
Properties Pending Sale .......................................
5
4
3
4
-20.0%
Properties For Sale ................................................
30
34
27
36
20.0%
Days on Market (Pending Sale) ...........................
183
100
56
96
-47.5%
Month’s Supply of Inventory ................................
7.5
5.7
27
9
20.0%
Percent Under Contract ........................................
16.7%
11.8%
11.1%
11.1%
-33.3%
Average Median Price for Last 12 Months ........
$3,033,542
$2,614,167
$3,033,333
$2,801,692
-7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.910
MAR
$2,775,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,207
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,718,294
$1,557,000
$3,100,000
$3,600,000
109.5%
Average Price per Square Foot ...........................
$857
$994
$1,122
$1,240
44.7%
Properties Sold .......................................................
10
14
15
15
50.0%
Properties Pending Sale .......................................
9
13
11
12
33.3%
Properties For Sale ................................................
71
107
88
79
11.3%
Days on Market (Pending Sale) ...........................
87
141
43
110
26.4%
Month’s Supply of Inventory ................................
7.1
7.6
5.9
5.3
-25.8%
Percent Under Contract ........................................
12.7%
12.1%
12.5%
15.2%
19.8%
Average Median Price for Last 12 Months ........
$2,178,108
$2,752,583
$2,800,167
$2,549,676
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.718
MAR
$3,600,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,240
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.600 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 2016
telesproperties.com
Coto de Caza DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$999,000
$1,025,000
$1,491,250
$1,312,500
31.4%
Average Price per Square Foot ...........................
$340
$314
$384
$363
6.8%
Properties Sold .......................................................
9
13
6
15
66.7%
Properties Pending Sale .......................................
25
13
16
20
-20.0%
Properties For Sale ................................................
113
125
114
122
8.0%
Days on Market (Pending Sale) ...........................
52
65
104
88
69.2%
Month’s Supply of Inventory ................................
12.6
9.6
19
8.1
-35.2%
Percent Under Contract ........................................
22.1%
10.4%
14.0%
16.4%
-25.9%
Average Median Price for Last 12 Months ........
$1,187,000
$1,224,500
$1,217,333
$1,154,413
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$999
MAR
$1,312,500
APR MAY
MEDIAN SALES PRICE
JUN
$363
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Crystal Cove DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$3,125,000
$5,350,000
$0
$15,025,000
380.8%
Average Price per Square Foot ...........................
$934
$1,372
$0
$1,417
51.7%
Properties Sold .......................................................
9
7
0
1
-88.9%
Properties Pending Sale .......................................
12
11
0
3
-75.0%
Properties For Sale ................................................
17
21
17
19
11.8%
Days on Market (Pending Sale) ...........................
50
474
0
192
284.0%
Month’s Supply of Inventory ................................
1.9
3
n/a
19
905.9%
Percent Under Contract ........................................
70.6%
52.4%
0.0%
15.8%
-77.6%
Average Median Price for Last 12 Months ........
$5,035,667
$9,284,500
$10,508,333
$6,741,662
33.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$3.125
MAR
$15,025,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,417
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
19 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$15.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Dana Point DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,159,500
$1,065,400
$1,012,500
$1,606,250
38.5%
Average Price per Square Foot ...........................
$766
$603
$648
$676
-11.7%
Properties Sold .......................................................
18
36
20
18
0.0%
Properties Pending Sale .......................................
29
32
30
28
-3.4%
Properties For Sale ................................................
157
179
153
151
-3.8%
Days on Market (Pending Sale) ...........................
84
88
85
81
-3.6%
Month’s Supply of Inventory ................................
8.7
5
7.6
8.4
-3.8%
Percent Under Contract ........................................
18.5%
17.9%
19.6%
18.5%
0.4%
Average Median Price for Last 12 Months ........
$941,399
$1,074,942
$1,146,883
$1,070,115
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.159
MAR
$1,606,250
APR MAY
MEDIAN SALES PRICE
JUN
$676
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.606 M E 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 2016
telesproperties.com
East Bluff - Harbor View DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,814,000
$1,950,000
$1,017,550
$1,750,000
-3.5%
Average Price per Square Foot ...........................
$725
$709
$555
$668
-7.9%
Properties Sold .......................................................
13
25
6
13
0.0%
Properties Pending Sale .......................................
18
30
18
20
11.1%
Properties For Sale ................................................
88
109
96
88
0.0%
Days on Market (Pending Sale) ...........................
59
98
88
50
-15.3%
Month’s Supply of Inventory ................................
6.8
4.4
16
6.8
0.0%
Percent Under Contract ........................................
20.5%
27.5%
18.8%
22.7%
11.1%
Average Median Price for Last 12 Months ........
$1,798,542
$1,808,967
$2,095,417
$1,808,364
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.814
MAR
$1,750,000
APR MAY
MEDIAN SALES PRICE
JUN
$668
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
East Costa Mesa DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,010,980
$899,000
$1,085,000
$3,600,000
256.1%
Average Price per Square Foot ...........................
$470
$495
$591
$1,240
163.8%
Properties Sold .......................................................
16
17
11
15
-6.2%
Properties Pending Sale .......................................
15
19
7
12
-20.0%
Properties For Sale ................................................
53
57
45
79
49.1%
Days on Market (Pending Sale) ...........................
51
51
27
110
115.7%
Month’s Supply of Inventory ................................
3.3
3.4
4.1
5.3
59.0%
Percent Under Contract ........................................
28.3%
33.3%
15.6%
15.2%
-46.3%
Average Median Price for Last 12 Months ........
$857,850
$1,434,216
$1,913,515
$1,153,540
34.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.010
MAR
$3,600,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,240
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.600 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 2016
telesproperties.com
Fountain Valley DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$680,000
$721,000
$748,000
$667,000
-1.9%
Average Price per Square Foot ...........................
$358
$389
$356
$396
10.6%
Properties Sold .......................................................
19
28
25
14
-26.3%
Properties Pending Sale .......................................
26
37
21
28
7.7%
Properties For Sale ................................................
60
93
67
69
15.0%
Days on Market (Pending Sale) ...........................
58
49
33
28
-51.7%
Month’s Supply of Inventory ................................
3.2
3.3
2.7
4.9
56.1%
Percent Under Contract ........................................
43.3%
39.8%
31.3%
40.6%
-6.4%
Average Median Price for Last 12 Months ........
$678,583
$706,583
$677,833
$713,731
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$680
MAR
$667,000
APR MAY
MEDIAN SALES PRICE
JUN
$396
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$667 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Huntington Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$800,000
$848,000
$797,500
$821,950
2.7%
Average Price per Square Foot ...........................
$439
$456
$473
$483
10.0%
Properties Sold .......................................................
75
106
94
63
-16.0%
Properties Pending Sale .......................................
92
108
109
110
19.6%
Properties For Sale ................................................
312
434
346
316
1.3%
Days on Market (Pending Sale) ...........................
48
62
63
52
8.3%
Month’s Supply of Inventory ................................
4.2
4.1
3.7
5
20.6%
Percent Under Contract ........................................
29.5%
24.9%
31.5%
34.8%
18.1%
Average Median Price for Last 12 Months ........
$754,771
$802,575
$811,817
$798,419
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$800
MAR
$821,950
APR MAY
MEDIAN SALES PRICE
JUN
$483
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$821 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Irvine DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$935,000
$1,042,500
$972,000
$1,080,035
15.5%
Average Price per Square Foot ...........................
$477
$488
$482
$499
4.6%
Properties Sold .......................................................
63
76
65
80
27.0%
Properties Pending Sale .......................................
102
98
77
107
4.9%
Properties For Sale ................................................
321
488
365
341
6.2%
Days on Market (Pending Sale) ...........................
50
61
98
61
22.0%
Month’s Supply of Inventory ................................
5.1
6.4
5.6
4.3
-16.3%
Percent Under Contract ........................................
31.8%
20.1%
21.1%
31.4%
-1.3%
Average Median Price for Last 12 Months ........
$922,999
$959,673
$967,512
$959,883
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$935
MAR
$1,080,035
APR MAY
MEDIAN SALES PRICE
JUN
$499
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.080 M E 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 2016
telesproperties.com
Ladera Ranch DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$735,000
$890,000
$780,000
$790,000
7.5%
Average Price per Square Foot ...........................
$334
$341
$330
$338
1.2%
Properties Sold .......................................................
21
29
15
12
-42.9%
Properties Pending Sale .......................................
32
31
28
27
-15.6%
Properties For Sale ................................................
115
144
104
114
-0.9%
Days on Market (Pending Sale) ...........................
69
58
71
58
-15.9%
Month’s Supply of Inventory ................................
5.5
5
6.9
9.5
73.5%
Percent Under Contract ........................................
27.8%
21.5%
26.9%
23.7%
-14.9%
Average Median Price for Last 12 Months ........
$828,755
$837,725
$803,817
$861,908
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$735
MAR
$790,000
APR MAY
MEDIAN SALES PRICE
JUN
$338
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Laguna Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,850,000
$1,712,000
$2,285,000
$2,100,000
13.5%
Average Price per Square Foot ...........................
$856
$976
$1,139
$2,188
155.6%
Properties Sold .......................................................
21
24
17
16
-23.8%
Properties Pending Sale .......................................
38
34
29
28
-26.3%
Properties For Sale ................................................
223
278
229
212
-4.9%
Days on Market (Pending Sale) ...........................
84
90
107
106
26.2%
Month’s Supply of Inventory ................................
10.6
11.6
13.5
13.2
24.8%
Percent Under Contract ........................................
17.0%
12.2%
12.7%
13.2%
-22.5%
Average Median Price for Last 12 Months ........
$1,920,000
$2,041,083
$2,012,167
$1,935,250
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.850
MAR
$2,100,000
APR MAY
MEDIAN SALES PRICE
JUN
$2,188
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Laguna Niguel DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$840,000
$795,000
$917,500
$815,000
-3.0%
Average Price per Square Foot ...........................
$386
$396
$417
$428
10.9%
Properties Sold .......................................................
40
76
48
38
-5.0%
Properties Pending Sale .......................................
58
69
41
67
15.5%
Properties For Sale ................................................
242
293
205
228
-5.8%
Days on Market (Pending Sale) ...........................
79
61
63
57
-27.8%
Month’s Supply of Inventory ................................
6
3.9
4.3
6
-0.8%
Percent Under Contract ........................................
24.0%
23.5%
20.0%
29.4%
22.6%
Average Median Price for Last 12 Months ........
$809,079
$852,875
$808,000
$845,942
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$840
MAR
$815,000
APR MAY
MEDIAN SALES PRICE
JUN
$428
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Laguna Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$615,000
$740,000
$660,000
$710,000
15.4%
Average Price per Square Foot ...........................
$356
$352
$331
$344
-3.4%
Properties Sold .......................................................
13
25
21
13
0.0%
Properties Pending Sale .......................................
22
24
27
27
22.7%
Properties For Sale ................................................
75
147
111
114
52.0%
Days on Market (Pending Sale) ...........................
58
65
77
100
72.4%
Month’s Supply of Inventory ................................
5.8
5.9
5.3
8.8
52.0%
Percent Under Contract ........................................
29.3%
16.3%
24.3%
23.7%
-19.3%
Average Median Price for Last 12 Months ........
$735,888
$804,580
$739,167
$784,883
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$615
MAR
$710,000
APR MAY
MEDIAN SALES PRICE
JUN
$344
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$710 M E 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 2016
telesproperties.com
Laguna Woods DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
1
n/a
Properties For Sale ................................................
0
1
0
2
n/a
Days on Market (Pending Sale) ...........................
0
0
0
9
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
0.0%
n/a
50.0%
n/a
Average Median Price for Last 12 Months ........
$772,000
$798,000
n/a
$841,500
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
n/a 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 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,595,000
$1,794,500
$4,575,000
$2,665,000
2.7%
Average Price per Square Foot ...........................
$954
$883
$1,321
$1,174
23.1%
Properties Sold .......................................................
1
50
3
5
400.0%
Properties Pending Sale .......................................
5
50
2
7
40.0%
Properties For Sale ................................................
32
302
26
27
-15.6%
Days on Market (Pending Sale) ...........................
111
83
143
196
76.6%
Month’s Supply of Inventory ................................
32
6
8.7
5.4
-83.1%
Percent Under Contract ........................................
15.6%
16.6%
7.7%
25.9%
65.9%
Average Median Price for Last 12 Months ........
$3,277,925
$3,324,500
$3,005,833
$3,181,568
-2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.595
MAR
$2,665,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,174
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.665 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 2016
telesproperties.com
Mission Viejo DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$667,500
$690,000
$650,000
$670,000
0.4%
Average Price per Square Foot ...........................
$325
$335
$352
$344
5.8%
Properties Sold .......................................................
50
107
69
53
6.0%
Properties Pending Sale .......................................
89
88
76
90
1.1%
Properties For Sale ................................................
257
340
254
227
-11.7%
Days on Market (Pending Sale) ...........................
53
59
53
62
17.0%
Month’s Supply of Inventory ................................
5.1
3.2
3.7
4.3
-16.7%
Percent Under Contract ........................................
34.6%
25.9%
29.9%
39.6%
14.5%
Average Median Price for Last 12 Months ........
$637,367
$664,483
$672,333
$666,492
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$667
MAR
$670,000
APR MAY
MEDIAN SALES PRICE
JUN
$344
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Monarch Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,263,750
$1,465,000
$1,610,000
$1,728,125
36.7%
Average Price per Square Foot ...........................
$1,068
$657
$1,047
$809
-24.3%
Properties Sold .......................................................
8
11
8
7
-12.5%
Properties Pending Sale .......................................
11
16
8
14
27.3%
Properties For Sale ................................................
71
82
72
78
9.9%
Days on Market (Pending Sale) ...........................
143
82
91
104
-27.3%
Month’s Supply of Inventory ................................
8.9
7.5
9
11.1
25.6%
Percent Under Contract ........................................
15.5%
19.5%
11.1%
17.9%
15.9%
Average Median Price for Last 12 Months ........
$1,410,271
$1,893,304
$1,586,608
$1,597,775
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.263
MAR
$1,728,125
APR MAY
MEDIAN SALES PRICE
JUN
$809
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.728 M E 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 2016
telesproperties.com
Nelle Gail DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$632,500
$760,000
$660,000
$710,000
12.3%
Average Price per Square Foot ...........................
$357
$354
$331
$344
-3.6%
Properties Sold .......................................................
12
24
21
13
8.3%
Properties Pending Sale .......................................
19
23
27
27
42.1%
Properties For Sale ................................................
80
143
111
111
38.8%
Days on Market (Pending Sale) ...........................
84
67
77
100
19.0%
Month’s Supply of Inventory ................................
6.7
6
5.3
8.5
28.1%
Percent Under Contract ........................................
23.8%
16.1%
24.3%
24.3%
2.4%
Average Median Price for Last 12 Months ........
$753,646
$810,832
$745,000
$798,718
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$632
MAR
$710,000
APR MAY
MEDIAN SALES PRICE
JUN
$344
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$710 M E 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 2016
telesproperties.com
Newport Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,750,312
$1,875,000
$1,775,000
$1,912,500
9.3%
Average Price per Square Foot ...........................
$903
$921
$836
$859
-4.9%
Properties Sold .......................................................
36
58
41
36
0.0%
Properties Pending Sale .......................................
60
53
42
50
-16.7%
Properties For Sale ................................................
290
339
281
274
-5.5%
Days on Market (Pending Sale) ...........................
104
84
74
88
-15.4%
Month’s Supply of Inventory ................................
8.1
5.8
6.9
7.6
-5.5%
Percent Under Contract ........................................
20.7%
15.6%
14.9%
18.2%
-11.8%
Average Median Price for Last 12 Months ........
$1,825,784
$1,951,250
$1,952,500
$1,908,774
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.750
MAR
$1,912,500
APR MAY
MEDIAN SALES PRICE
JUN
$859
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.912 M E 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 2016
telesproperties.com
Newport Coast DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$3,125,000
$2,918,000
$2,175,000
$2,700,000
-13.6%
Average Price per Square Foot ...........................
$934
$999
$747
$1,028
10.1%
Properties Sold .......................................................
9
7
6
7
-22.2%
Properties Pending Sale .......................................
14
11
9
13
-7.1%
Properties For Sale ................................................
80
106
94
95
18.8%
Days on Market (Pending Sale) ...........................
78
78
69
91
16.7%
Month’s Supply of Inventory ................................
8.9
15.1
15.7
13.6
52.7%
Percent Under Contract ........................................
17.5%
10.4%
9.6%
13.7%
-21.8%
Average Median Price for Last 12 Months ........
$3,255,090
$3,138,594
$3,313,333
$3,149,774
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$3.125
MAR
$2,700,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,028
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.700 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 2016
telesproperties.com
Newport Heights DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,300,000
$2,324,375
$1,355,000
$1,655,000
27.3%
Average Price per Square Foot ...........................
$574
$1,244
$765
$690
20.2%
Properties Sold .......................................................
1
14
6
3
200.0%
Properties Pending Sale .......................................
8
17
3
3
-62.5%
Properties For Sale ................................................
31
89
25
24
-22.6%
Days on Market (Pending Sale) ...........................
86
81
61
89
3.5%
Month’s Supply of Inventory ................................
31
6.4
4.2
8
-74.2%
Percent Under Contract ........................................
25.8%
19.1%
12.0%
12.5%
-51.6%
Average Median Price for Last 12 Months ........
$1,812,830
$1,614,583
$1,589,167
$1,756,490
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.300
MAR
$1,655,000
APR MAY
MEDIAN SALES PRICE
JUN
$690
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.655 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 2016
telesproperties.com
Rancho Santa Margarita DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$684,500
$685,000
$729,000
$705,000
3.0%
Average Price per Square Foot ...........................
$302
$328
$317
$321
6.3%
Properties Sold .......................................................
26
60
33
24
-7.7%
Properties Pending Sale .......................................
39
56
41
38
-2.6%
Properties For Sale ................................................
131
178
129
96
-26.7%
Days on Market (Pending Sale) ...........................
72
53
78
45
-37.5%
Month’s Supply of Inventory ................................
5
3
3.9
4
-20.6%
Percent Under Contract ........................................
29.8%
31.5%
31.8%
39.6%
33.0%
Average Median Price for Last 12 Months ........
$656,282
$709,292
$719,583
$684,077
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$684
MAR
$705,000
APR MAY
MEDIAN SALES PRICE
JUN
$321
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 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 2016
telesproperties.com
San Clemente DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$845,000
$905,000
$1,062,500
$958,000
13.4%
Average Price per Square Foot ...........................
$385
$396
$379
$372
-3.4%
Properties Sold .......................................................
42
58
48
40
-4.8%
Properties Pending Sale .......................................
60
69
56
51
-15.0%
Properties For Sale ................................................
241
329
282
262
8.7%
Days on Market (Pending Sale) ...........................
75
72
79
75
0.0%
Month’s Supply of Inventory ................................
5.7
5.7
5.9
6.6
14.1%
Percent Under Contract ........................................
24.9%
21.0%
19.9%
19.5%
-21.8%
Average Median Price for Last 12 Months ........
$834,038
$932,978
$918,455
$894,990
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$845
MAR
$958,000
APR MAY
MEDIAN SALES PRICE
JUN
$372
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$958 M E 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 2016
telesproperties.com
San Juan Capistrano DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$637,500
$835,000
$1,147,500
$885,414
38.9%
Average Price per Square Foot ...........................
$371
$352
$349
$353
-4.9%
Properties Sold .......................................................
10
36
16
25
150.0%
Properties Pending Sale .......................................
24
34
21
26
8.3%
Properties For Sale ................................................
128
168
145
132
3.1%
Days on Market (Pending Sale) ...........................
92
69
131
98
6.5%
Month’s Supply of Inventory ................................
12.8
4.7
9.1
5.3
-58.8%
Percent Under Contract ........................................
18.8%
20.2%
14.5%
19.7%
5.1%
Average Median Price for Last 12 Months ........
$806,199
$1,007,486
$1,038,971
$912,590
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$637
MAR
$885,414
APR MAY
MEDIAN SALES PRICE
JUN
$353
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Shady Canyon DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
2
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
2
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
0
n/a
n/a
n/a
Percent Under Contract ........................................
0.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$4,017,000
n/a
n/a
$5,900,000
46.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
n/a 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 2016
telesproperties.com
Turtle Ridge DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,230,000
$2,128,000
$0
$2,390,000
7.2%
Average Price per Square Foot ...........................
$660
$676
$0
$638
-3.3%
Properties Sold .......................................................
4
2
0
4
0.0%
Properties Pending Sale .......................................
4
4
3
4
0.0%
Properties For Sale ................................................
20
23
14
17
-15.0%
Days on Market (Pending Sale) ...........................
144
70
108
136
-5.6%
Month’s Supply of Inventory ................................
5
11.5
n/a
4.2
-15.0%
Percent Under Contract ........................................
20.0%
17.4%
21.4%
23.5%
17.6%
Average Median Price for Last 12 Months ........
$2,446,867
$2,604,100
$2,723,333
$2,412,875
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.230
MAR
$2,390,000
APR MAY
MEDIAN SALES PRICE
JUN
$638
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.390 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 2016
telesproperties.com
Turtle Rock DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$0
$1,457,500
$1,342,000
$0
n/a
Average Price per Square Foot ...........................
$0
$551
$451
$0
n/a
Properties Sold .......................................................
0
2
1
0
n/a
Properties Pending Sale .......................................
2
0
1
1
-50.0%
Properties For Sale ................................................
7
2
3
2
-71.4%
Days on Market (Pending Sale) ...........................
44
0
74
132
200.0%
Month’s Supply of Inventory ................................
n/a
1
3
n/a
n/a
Percent Under Contract ........................................
28.6%
0.0%
33.3%
50.0%
75.0%
Average Median Price for Last 12 Months ........
$1,045,000
$1,228,667
$1,025,000
$1,297,667
24.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
n/a 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 2016
telesproperties.com
Westminster DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$536,000
$610,000
$560,000
$560,000
4.5%
Average Price per Square Foot ...........................
$321
$345
$357
$342
6.5%
Properties Sold .......................................................
24
32
16
27
12.5%
Properties Pending Sale .......................................
30
37
44
19
-36.7%
Properties For Sale ................................................
98
123
109
71
-27.6%
Days on Market (Pending Sale) ...........................
43
40
50
70
62.8%
Month’s Supply of Inventory ................................
4.1
3.8
6.8
2.6
-35.6%
Percent Under Contract ........................................
30.6%
30.1%
40.4%
26.8%
-12.6%
Average Median Price for Last 12 Months ........
$533,412
$564,083
$554,167
$557,573
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$536
MAR
$560,000
APR MAY
MEDIAN SALES PRICE
JUN
$342
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,499,500
$1,472,500
$1,750,000
$1,312,500
-12.5%
Average Price per Square Foot ...........................
$667
$551
$630
$701
5.1%
Properties Sold .......................................................
4
10
15
6
50.0%
Properties Pending Sale .......................................
8
16
10
11
37.5%
Properties For Sale ................................................
64
88
65
51
-20.3%
Days on Market (Pending Sale) ...........................
94
89
52
76
-19.1%
Month’s Supply of Inventory ................................
16
8.8
4.3
8.5
-46.9%
Percent Under Contract ........................................
12.5%
18.2%
15.4%
21.6%
72.5%
Average Median Price for Last 12 Months ........
$1,488,063
$1,684,000
$1,528,333
$1,605,082
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.499
MAR
$1,312,500
APR MAY
MEDIAN SALES PRICE
JUN
$701
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
West Newport - Lido DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,300,000
$1,775,000
$2,375,000
$2,075,000
-9.8%
Average Price per Square Foot ...........................
$962
$1,072
$1,222
$1,185
23.2%
Properties Sold .......................................................
5
11
10
5
0.0%
Properties Pending Sale .......................................
12
7
6
4
-66.7%
Properties For Sale ................................................
43
58
41
47
9.3%
Days on Market (Pending Sale) ...........................
66
97
57
132
100.0%
Month’s Supply of Inventory ................................
8.6
5.3
4.1
9.4
9.3%
Percent Under Contract ........................................
27.9%
12.1%
14.6%
8.5%
-69.5%
Average Median Price for Last 12 Months ........
$2,207,958
$2,472,500
$2,312,500
$2,291,731
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.300
MAR
$2,075,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,185
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.075 M E 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 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : February 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : February 2016
telesproperties.com
Carpinteria DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$895,000
$941,000
$1,362,000
$1,779,423
98.8%
Average Price per Square Foot ...........................
$1,057
$590
$1,717
$
%
Properties Sold .......................................................
6
7
4
1
-83.3%
Properties Pending Sale .......................................
11
8
6
6
-45.5%
Properties For Sale ................................................
44
36
26
24
-45.5%
Days on Market (Pending Sale) ...........................
37
50
32
54
45.9%
Month’s Supply of Inventory ................................
7.3
5.1
6.5
24
227.3%
Percent Under Contract ........................................
25.0%
22.2%
23.1%
25.0%
0.0%
Average Median Price for Last 12 Months ........
$1,207,313
$1,064,821
$1,105,641
$991,681
-17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$895
MAR
$1,779,423
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
24 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.779 M E 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 2016
telesproperties.com
Goleta DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$711,300
$775,000
$782,500
$819,500
15.2%
Average Price per Square Foot ...........................
$0
$556
$421
$
%
Properties Sold .......................................................
1
11
10
2
100.0%
Properties Pending Sale .......................................
16
9
7
8
-50.0%
Properties For Sale ................................................
34
34
25
32
-5.9%
Days on Market (Pending Sale) ...........................
57
12
67
29
-49.1%
Month’s Supply of Inventory ................................
34
3.1
2.5
16
-52.9%
Percent Under Contract ........................................
47.1%
26.5%
28.0%
25.0%
-46.9%
Average Median Price for Last 12 Months ........
$766,021
$823,417
$781,667
$795,732
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$711
MAR
$819,500
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
16 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Hope Ranch DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,605,000
$3,806,120
$2,418,500
$5,910,000
126.9%
Average Price per Square Foot ...........................
$988
$980
$932
$
%
Properties Sold .......................................................
5
2
1
2
-60.0%
Properties Pending Sale .......................................
7
3
1
0
-100.0%
Properties For Sale ................................................
25
21
15
29
16.0%
Days on Market (Pending Sale) ...........................
64
41
9
0
-100.0%
Month’s Supply of Inventory ................................
5
10.5
15
14.5
190.0%
Percent Under Contract ........................................
28.0%
14.3%
6.7%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,898,771
$4,204,625
$4,138,750
$3,776,556
30.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$2.605
MAR
$5,910,000
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$5.910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Montecito DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$6,500,000
$2,025,000
$2,880,000
$4,650,000
-28.5%
Average Price per Square Foot ...........................
$1,435
$1,068
$986
$
%
Properties Sold .......................................................
11
15
9
15
36.4%
Properties Pending Sale .......................................
16
17
24
17
6.2%
Properties For Sale ................................................
145
173
162
149
2.8%
Days on Market (Pending Sale) ...........................
81
146
86
117
44.4%
Month’s Supply of Inventory ................................
13.2
11.5
18
9.9
-24.6%
Percent Under Contract ........................................
11.0%
9.8%
14.8%
11.4%
3.4%
Average Median Price for Last 12 Months ........
$3,316,526
$3,157,083
$3,657,500
$3,306,731
-0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.500
FEB MAR
$4,650,000
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$4.650 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 2016
telesproperties.com
Santa Barbara East of State DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,000,000
$1,108,750
$1,432,500
$1,160,000
16.0%
Average Price per Square Foot ...........................
$641
$659
$768
$
%
Properties Sold .......................................................
13
26
14
10
-23.1%
Properties Pending Sale .......................................
31
26
21
37
19.4%
Properties For Sale ................................................
111
153
120
137
23.4%
Days on Market (Pending Sale) ...........................
46
33
98
55
19.6%
Month’s Supply of Inventory ................................
8.5
5.9
8.6
13.7
60.5%
Percent Under Contract ........................................
27.9%
17.0%
17.5%
27.0%
-3.3%
Average Median Price for Last 12 Months ........
$1,208,313
$1,344,667
$1,506,667
$1,278,058
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.000
MAR
$1,160,000
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Santa Barbara West of State DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,070,000
$1,135,000
$979,500
$1,174,000
9.7%
Average Price per Square Foot ...........................
$1,038
$654
$645
$
%
Properties Sold .......................................................
16
21
16
18
12.5%
Properties Pending Sale .......................................
24
21
17
15
-37.5%
Properties For Sale ................................................
69
75
69
55
-20.3%
Days on Market (Pending Sale) ...........................
55
23
44
48
-12.7%
Month’s Supply of Inventory ................................
4.3
3.6
4.3
3.1
-29.1%
Percent Under Contract ........................................
34.8%
28.0%
24.6%
27.3%
-21.6%
Average Median Price for Last 12 Months ........
$1,010,875
$1,083,429
$1,135,358
$1,070,813
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.070
MAR
$1,174,000
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.174 M E 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 2016
telesproperties.com
Santa Ynez DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$500,000
$695,000
$641,500
$690,000
38.0%
Average Price per Square Foot ...........................
$318
$409
$316
$
%
Properties Sold .......................................................
5
11
16
10
100.0%
Properties Pending Sale .......................................
11
20
11
14
27.3%
Properties For Sale ................................................
93
132
129
127
36.6%
Days on Market (Pending Sale) ...........................
200
88
202
138
-31.0%
Month’s Supply of Inventory ................................
18.6
12
8.1
12.7
-31.7%
Percent Under Contract ........................................
11.8%
15.2%
8.5%
11.0%
-6.8%
Average Median Price for Last 12 Months ........
$631,563
$721,333
$691,333
$784,865
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$500
MAR
$690,000
APR MAY
MEDIAN SALES PRICE
JUN
$
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$690 M E 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 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : February 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : February 2016
telesproperties.com
Carmel DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,700,000
$1,150,000
$1,907,500
$1,300,000
-23.5%
Average Price per Square Foot ...........................
$1,000
$535
$756
$701
-29.9%
Properties Sold .......................................................
15
14
18
15
0.0%
Properties Pending Sale .......................................
21
29
29
15
-28.6%
Properties For Sale ................................................
142
169
157
131
-7.7%
Days on Market (Pending Sale) ...........................
88
119
101
103
17.0%
Month’s Supply of Inventory ................................
9.5
12.1
8.7
8.7
-7.7%
Percent Under Contract ........................................
14.8%
17.2%
18.5%
11.5%
-22.6%
Average Median Price for Last 12 Months ........
$1,409,263
$1,486,500
$1,450,833
$1,379,115
-2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.700
FEB MAR
$1,300,000
APR MAY
MEDIAN SALES PRICE
JUN
$701
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 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 2016
telesproperties.com
Carmel Valley DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$902,500
$782,500
$920,000
$1,050,000
16.3%
Average Price per Square Foot ...........................
$451
$436
$444
$541
20.0%
Properties Sold .......................................................
8
2
5
5
-37.5%
Properties Pending Sale .......................................
11
8
6
7
-36.4%
Properties For Sale ................................................
67
69
67
58
-13.4%
Days on Market (Pending Sale) ...........................
117
63
84
189
61.5%
Month’s Supply of Inventory ................................
8.4
34.5
13.4
11.6
38.5%
Percent Under Contract ........................................
16.4%
11.6%
9.0%
12.1%
-26.5%
Average Median Price for Last 12 Months ........
$914,688
$888,902
$832,167
$894,427
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$902
MAR
$1,050,000
APR MAY
MEDIAN SALES PRICE
JUN
$541
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Marina DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$419,900
$482,500
$459,000
$500,000
19.1%
Average Price per Square Foot ...........................
$277
$295
$290
$260
-6.1%
Properties Sold .......................................................
7
14
13
7
0.0%
Properties Pending Sale .......................................
15
15
8
10
-33.3%
Properties For Sale ................................................
30
28
25
27
-10.0%
Days on Market (Pending Sale) ...........................
94
28
31
45
-52.1%
Month’s Supply of Inventory ................................
4.3
2
1.9
3.9
-10.0%
Percent Under Contract ........................................
50.0%
53.6%
32.0%
37.0%
-25.9%
Average Median Price for Last 12 Months ........
$428,587
$462,325
$473,833
$452,104
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$419
MAR
$500,000
APR MAY
MEDIAN SALES PRICE
JUN
$260
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2016
telesproperties.com
Monterey DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$639,750
$655,000
$657,500
$676,750
5.8%
Average Price per Square Foot ...........................
$387
$406
$440
$399
3.1%
Properties Sold .......................................................
16
19
22
18
12.5%
Properties Pending Sale .......................................
21
20
20
19
-9.5%
Properties For Sale ................................................
100
106
93
85
-15.0%
Days on Market (Pending Sale) ...........................
107
52
68
64
-40.2%
Month’s Supply of Inventory ................................
6.2
5.6
4.2
4.7
-24.4%
Percent Under Contract ........................................
21.0%
18.9%
21.5%
22.4%
6.4%
Average Median Price for Last 12 Months ........
$674,129
$692,625
$687,917
$694,808
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$639
MAR
$676,750
APR MAY
MEDIAN SALES PRICE
JUN
$399
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$676 M E 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 2016
telesproperties.com
Pacific Grove DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$902,500
$777,000
$912,500
$820,000
-9.1%
Average Price per Square Foot ...........................
$648
$551
$633
$590
-9.0%
Properties Sold .......................................................
8
15
10
8
0.0%
Properties Pending Sale .......................................
17
16
11
8
-52.9%
Properties For Sale ................................................
57
57
58
58
1.8%
Days on Market (Pending Sale) ...........................
57
101
70
41
-28.1%
Month’s Supply of Inventory ................................
7.1
3.8
5.8
7.2
1.8%
Percent Under Contract ........................................
29.8%
28.1%
19.0%
13.8%
-53.8%
Average Median Price for Last 12 Months ........
$742,517
$850,250
$835,833
$817,192
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$902
MAR
$820,000
APR MAY
MEDIAN SALES PRICE
JUN
$590
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$820 M E 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 2016
telesproperties.com
Pebble Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,862,500
$1,412,500
$1,256,000
$1,525,000
-18.1%
Average Price per Square Foot ...........................
$765
$634
$574
$706
-7.7%
Properties Sold .......................................................
8
6
9
9
12.5%
Properties Pending Sale .......................................
11
14
7
18
63.6%
Properties For Sale ................................................
88
95
84
88
0.0%
Days on Market (Pending Sale) ...........................
145
116
116
95
-34.5%
Month’s Supply of Inventory ................................
11
15.8
9.3
9.8
-11.1%
Percent Under Contract ........................................
12.5%
14.7%
8.3%
20.5%
63.6%
Average Median Price for Last 12 Months ........
$1,455,104
$1,610,167
$1,450,000
$1,572,308
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.862
MAR
$1,525,000
APR MAY
MEDIAN SALES PRICE
JUN
$706
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 2016
telesproperties.com
Salinas DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$430,000
$415,000
$415,000
$403,000
-6.3%
Average Price per Square Foot ...........................
$247
$272
$285
$266
7.7%
Properties Sold .......................................................
41
65
52
53
29.3%
Properties Pending Sale .......................................
55
79
60
62
12.7%
Properties For Sale ................................................
188
220
191
177
-5.9%
Days on Market (Pending Sale) ...........................
71
46
55
62
-12.7%
Month’s Supply of Inventory ................................
4.6
3.4
3.7
3.3
-27.2%
Percent Under Contract ........................................
29.3%
35.9%
31.4%
35.0%
19.7%
Average Median Price for Last 12 Months ........
$392,225
$413,417
$415,167
$415,663
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$430
MAR
$403,000
APR MAY
MEDIAN SALES PRICE
JUN
$266
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$403 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Seaside DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$316,000
$400,000
$438,750
$500,000
58.2%
Average Price per Square Foot ...........................
$326
$318
$369
$391
19.9%
Properties Sold .......................................................
8
15
10
11
37.5%
Properties Pending Sale .......................................
19
21
12
14
-26.3%
Properties For Sale ................................................
47
48
37
38
-19.1%
Days on Market (Pending Sale) ...........................
46
42
30
55
19.6%
Month’s Supply of Inventory ................................
5.9
3.2
3.7
3.5
-41.2%
Percent Under Contract ........................................
40.4%
43.8%
32.4%
36.8%
-8.9%
Average Median Price for Last 12 Months ........
$356,565
$452,375
$483,000
$418,058
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$316
MAR
$500,000
APR MAY
MEDIAN SALES PRICE
JUN
$391
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : February 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : February 2016
telesproperties.com
San Diego County DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$495,000
$535,000
$535,000
$526,000
6.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
1523
2136
1439
1385
-9.1%
Properties Pending Sale .......................................
2053
2188
1856
2191
6.7%
Properties For Sale ................................................
7,993
8,821
7,318
7,157
-10.5%
Days on Market (Pending Sale) ...........................
49
48
49
42
-14.3%
Month’s Supply of Inventory ................................
5.2
4.1
5.1
5.2
-1.5%
Percent Under Contract ........................................
25.7%
24.8%
25.4%
30.6%
19.2%
Average Median Price for Last 12 Months ........
$497,367
$530,375
$532,417
$528,000
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$495
MAR
$526,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$526 M E 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 2016
telesproperties.com
Carlsbad DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$825,500
$809,000
$762,500
$816,000
-1.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
56
111
55
47
-16.1%
Properties Pending Sale .......................................
86
123
90
96
11.6%
Properties For Sale ................................................
304
424
304
296
-2.6%
Days on Market (Pending Sale) ...........................
45
43
44
36
-20.0%
Month’s Supply of Inventory ................................
5.4
3.8
5.5
6.3
16.0%
Percent Under Contract ........................................
28.3%
29.0%
29.6%
32.4%
14.6%
Average Median Price for Last 12 Months ........
$790,396
$825,375
$828,667
$820,981
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$825
MAR
$816,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.3 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 2016
telesproperties.com
Carmel Valley DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,130,500
$1,061,500
$1,042,500
$1,080,000
-4.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
12
41
28
21
75.0%
Properties Pending Sale .......................................
28
30
30
53
89.3%
Properties For Sale ................................................
129
227
169
183
41.9%
Days on Market (Pending Sale) ...........................
48
41
77
43
-10.4%
Month’s Supply of Inventory ................................
10.8
5.5
6
8.7
-18.9%
Percent Under Contract ........................................
21.7%
13.2%
17.8%
29.0%
33.4%
Average Median Price for Last 12 Months ........
$1,102,125
$1,105,074
$1,090,981
$1,140,726
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.130
MAR
$1,080,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.080 M E 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 2016
telesproperties.com
Chula Vista DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$443,750
$475,000
$486,000
$495,000
11.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
110
152
117
113
2.7%
Properties Pending Sale .......................................
126
177
161
191
51.6%
Properties For Sale ................................................
490
538
475
453
-7.6%
Days on Market (Pending Sale) ...........................
47
45
43
42
-10.6%
Month’s Supply of Inventory ................................
4.5
3.5
4.1
4
-10.0%
Percent Under Contract ........................................
25.7%
32.9%
33.9%
42.2%
64.0%
Average Median Price for Last 12 Months ........
$448,608
$488,318
$488,000
$478,474
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$443
MAR
$495,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Coronado DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,630,000
$1,700,000
$1,700,000
$1,415,000
-13.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
10
15
7
9
-10.0%
Properties Pending Sale .......................................
12
19
14
11
-8.3%
Properties For Sale ................................................
108
127
115
120
11.1%
Days on Market (Pending Sale) ...........................
78
95
99
52
-33.3%
Month’s Supply of Inventory ................................
10.8
8.5
16.4
13.3
23.5%
Percent Under Contract ........................................
11.1%
15.0%
12.2%
9.2%
-17.5%
Average Median Price for Last 12 Months ........
$1,551,125
$1,683,467
$1,680,000
$1,738,946
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.630
MAR
$1,415,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Del Mar DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,500,000
$1,637,500
$1,680,000
$2,700,000
80.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
13
14
11
11
-15.4%
Properties Pending Sale .......................................
10
13
9
9
-10.0%
Properties For Sale ................................................
89
89
74
83
-6.7%
Days on Market (Pending Sale) ...........................
42
51
41
51
21.4%
Month’s Supply of Inventory ................................
6.8
6.4
6.7
7.5
10.2%
Percent Under Contract ........................................
11.2%
14.6%
12.2%
10.8%
-3.5%
Average Median Price for Last 12 Months ........
$1,571,377
$2,055,979
$2,058,417
$1,837,433
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.500
MAR
$2,700,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.700 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 2016
telesproperties.com
El Cajon DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$492,500
$460,000
$442,500
$445,000
-9.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
71
91
76
69
-2.8%
Properties Pending Sale .......................................
95
115
88
109
14.7%
Properties For Sale ................................................
383
418
319
364
-5.0%
Days on Market (Pending Sale) ...........................
53
48
44
40
-24.5%
Month’s Supply of Inventory ................................
5.4
4.6
4.2
5.3
-2.2%
Percent Under Contract ........................................
24.8%
27.5%
27.6%
29.9%
20.7%
Average Median Price for Last 12 Months ........
$427,791
$462,667
$459,000
$457,423
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$492
MAR
$445,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$445 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Encinitas DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$870,000
$1,112,800
$1,129,000
$1,125,000
29.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
21
43
27
25
19.0%
Properties Pending Sale .......................................
52
31
33
31
-40.4%
Properties For Sale ................................................
164
160
142
121
-26.2%
Days on Market (Pending Sale) ...........................
43
43
69
34
-20.9%
Month’s Supply of Inventory ................................
7.8
3.7
5.3
4.8
-38.0%
Percent Under Contract ........................................
31.7%
19.4%
23.2%
25.6%
-19.2%
Average Median Price for Last 12 Months ........
$978,432
$1,100,917
$1,102,333
$1,085,408
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$870
MAR
$1,125,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Escondido DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$435,000
$465,000
$465,000
$528,000
21.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
113
149
83
87
-23.0%
Properties Pending Sale .......................................
130
149
120
132
1.5%
Properties For Sale ................................................
550
552
467
421
-23.5%
Days on Market (Pending Sale) ...........................
59
59
52
54
-8.5%
Month’s Supply of Inventory ................................
4.9
3.7
5.6
4.8
-0.6%
Percent Under Contract ........................................
23.6%
27.0%
25.7%
31.4%
32.7%
Average Median Price for Last 12 Months ........
$434,413
$470,333
$480,667
$461,600
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$435
MAR
$528,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$528 M E 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 2016
telesproperties.com
Imperial-Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$460,000
$415,000
$473,500
$476,500
3.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
7
8
10
10
42.9%
Properties Pending Sale .......................................
10
16
8
10
0.0%
Properties For Sale ................................................
27
41
19
22
-18.5%
Days on Market (Pending Sale) ...........................
31
44
38
59
90.3%
Month’s Supply of Inventory ................................
3.9
5.1
1.9
2.2
-43.0%
Percent Under Contract ........................................
37.0%
39.0%
42.1%
45.5%
22.7%
Average Median Price for Last 12 Months ........
$409,298
$451,333
$446,833
$451,288
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$460
MAR
$476,500
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$476 M E 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 2016
telesproperties.com
La Jolla DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,200,000
$1,817,000
$1,975,000
$1,754,000
-20.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
25
30
32
17
-32.0%
Properties Pending Sale .......................................
37
28
35
26
-29.7%
Properties For Sale ................................................
227
261
249
240
5.7%
Days on Market (Pending Sale) ...........................
43
108
75
49
14.0%
Month’s Supply of Inventory ................................
9.1
8.7
7.8
14.1
55.5%
Percent Under Contract ........................................
16.3%
10.7%
14.1%
10.8%
-33.5%
Average Median Price for Last 12 Months ........
$1,700,125
$1,937,969
$1,991,333
$1,889,024
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.200
FEB MAR
$1,754,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.754 M E 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 2016
telesproperties.com
La Mesa DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$484,000
$498,000
$458,000
$475,000
-1.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
41
51
30
33
-19.5%
Properties Pending Sale .......................................
73
67
43
64
-12.3%
Properties For Sale ................................................
201
224
172
190
-5.5%
Days on Market (Pending Sale) ...........................
42
43
45
33
-21.4%
Month’s Supply of Inventory ................................
2.8
3.3
4
5.8
109.1%
Percent Under Contract ........................................
36.3%
29.9%
25.0%
33.7%
-7.3%
Average Median Price for Last 12 Months ........
$458,163
$482,665
$483,083
$483,193
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$484
MAR
$475,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Lemon Grove DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$373,500
$390,000
$403,500
$416,000
11.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
22
23
8
12
-45.5%
Properties Pending Sale .......................................
26
20
17
23
-11.5%
Properties For Sale ................................................
66
48
54
52
-21.2%
Days on Market (Pending Sale) ...........................
37
38
29
49
32.4%
Month’s Supply of Inventory ................................
2.5
2.4
3.2
4.3
70.7%
Percent Under Contract ........................................
39.4%
41.7%
31.5%
44.2%
12.3%
Average Median Price for Last 12 Months ........
$351,329
$383,917
$401,333
$380,365
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$373
MAR
$416,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$416 M E 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 2016
telesproperties.com
National City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$362,500
$365,000
$330,000
$399,000
10.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
10
15
16
15
50.0%
Properties Pending Sale .......................................
22
17
19
18
-18.2%
Properties For Sale ................................................
57
52
41
47
-17.5%
Days on Market (Pending Sale) ...........................
52
37
47
32
-38.5%
Month’s Supply of Inventory ................................
2.6
3.1
2.2
3.1
20.9%
Percent Under Contract ........................................
38.6%
32.7%
46.3%
38.3%
-0.8%
Average Median Price for Last 12 Months ........
$309,083
$353,417
$364,833
$346,031
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$362
MAR
$399,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$399 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Oceanside DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$460,000
$480,000
$475,000
$465,000
1.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
96
152
109
87
-9.4%
Properties Pending Sale .......................................
121
137
112
162
33.9%
Properties For Sale ................................................
418
416
361
337
-19.4%
Days on Market (Pending Sale) ...........................
44
46
46
39
-11.4%
Month’s Supply of Inventory ................................
4.4
2.7
3.3
3.9
-11.0%
Percent Under Contract ........................................
28.9%
32.9%
31.0%
48.1%
66.1%
Average Median Price for Last 12 Months ........
$907,900
$472,667
$474,000
$471,735
-92.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$460
MAR
$465,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$465 M E 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 2016
telesproperties.com
Poway DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$593,500
$695,000
$700,000
$557,500
-6.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
28
49
29
28
0.0%
Properties Pending Sale .......................................
35
46
28
54
54.3%
Properties For Sale ................................................
160
205
179
170
6.2%
Days on Market (Pending Sale) ...........................
36
86
50
45
25.0%
Month’s Supply of Inventory ................................
5.7
4.2
6.2
6.1
6.2%
Percent Under Contract ........................................
21.9%
22.4%
15.6%
31.8%
45.2%
Average Median Price for Last 12 Months ........
$623,813
$635,208
$611,583
$642,673
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$593
MAR
$557,500
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$557 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Rancho Bernardo DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$706,000
$755,000
$725,000
$765,000
8.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
79
99
64
49
-38.0%
Properties Pending Sale .......................................
100
101
87
88
-12.0%
Properties For Sale ................................................
334
424
323
319
-4.5%
Days on Market (Pending Sale) ...........................
53
37
53
40
-24.5%
Month’s Supply of Inventory ................................
4.2
4.3
5
6.5
54.0%
Percent Under Contract ........................................
29.9%
23.8%
26.9%
27.6%
-7.9%
Average Median Price for Last 12 Months ........
$700,975
$717,292
$720,583
$717,750
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$706
MAR
$765,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$765 M E 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 2016
telesproperties.com
San Marcos DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$545,000
$583,200
$651,250
$560,000
2.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
49
97
52
48
-2.0%
Properties Pending Sale .......................................
59
93
57
61
3.4%
Properties For Sale ................................................
202
297
198
203
0.5%
Days on Market (Pending Sale) ...........................
40
31
39
46
15.0%
Month’s Supply of Inventory ................................
4.1
3.1
3.8
4.2
2.6%
Percent Under Contract ........................................
29.2%
31.3%
28.8%
30.0%
2.9%
Average Median Price for Last 12 Months ........
$549,833
$576,017
$564,117
$578,708
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$545
MAR
$560,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Santee DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$421,500
$433,750
$469,000
$439,000
4.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
26
34
23
25
-3.8%
Properties Pending Sale .......................................
47
40
39
43
-8.5%
Properties For Sale ................................................
112
95
91
102
-8.9%
Days on Market (Pending Sale) ...........................
48
35
20
34
-29.2%
Month’s Supply of Inventory ................................
4.3
2.8
4
4.1
-5.3%
Percent Under Contract ........................................
42.0%
42.1%
42.9%
42.2%
0.5%
Average Median Price for Last 12 Months ........
$414,848
$455,342
$451,017
$443,215
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$421
MAR
$439,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 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 2016
telesproperties.com
Solana Beach DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,625,000
$1,315,000
$1,598,000
$1,367,500
-15.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
11
10
5
8
-27.3%
Properties Pending Sale .......................................
11
7
10
12
9.1%
Properties For Sale ................................................
37
35
42
41
10.8%
Days on Market (Pending Sale) ...........................
17
35
55
44
158.8%
Month’s Supply of Inventory ................................
3.4
3.5
8.4
5.1
52.4%
Percent Under Contract ........................................
29.7%
20.0%
23.8%
29.3%
-1.6%
Average Median Price for Last 12 Months ........
$1,482,781
$1,356,167
$1,413,833
$1,542,423
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.625
MAR
$1,367,500
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.367 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Vista DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$430,000
$497,000
$441,250
$465,000
8.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
63
80
52
63
0.0%
Properties Pending Sale .......................................
65
65
73
64
-1.5%
Properties For Sale ................................................
299
257
241
215
-28.1%
Days on Market (Pending Sale) ...........................
55
45
59
45
-18.2%
Month’s Supply of Inventory ................................
4.7
3.2
4.6
3.4
-28.1%
Percent Under Contract ........................................
21.7%
25.3%
30.3%
29.8%
36.9%
Average Median Price for Last 12 Months ........
$429,875
$467,370
$475,900
$462,702
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$430
MAR
$465,000
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$465 M E 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 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : February 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : February 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$876,200
$849,000
$738,188
$719,000
-17.9%
Average Price per Square Foot ...........................
$594
$561
$490
$556
-6.4%
Properties Sold .......................................................
6
9
4
5
-16.7%
Properties Pending Sale .......................................
10
12
6
7
-30.0%
Properties For Sale ................................................
36
42
31
33
-8.3%
Days on Market (Pending Sale) ...........................
62
34
48
43
-30.6%
Month’s Supply of Inventory ................................
6
4.7
7.8
6.6
10.0%
Percent Under Contract ........................................
27.8%
28.6%
19.4%
21.2%
-23.6%
Average Median Price for Last 12 Months ........
$650,183
$719,865
$698,667
$716,030
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $876
FEB MAR
$719,000
APR MAY
MEDIAN SALES PRICE
JUN
$556
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$719 M E 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 2016
telesproperties.com
Beverly Hills DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,058,888
$1,090,000
$1,150,000
$1,235,000
16.6%
Average Price per Square Foot ...........................
$723
$936
$665
$712
-1.5%
Properties Sold .......................................................
9
11
5
9
0.0%
Properties Pending Sale .......................................
18
7
11
10
-44.4%
Properties For Sale ................................................
62
55
53
49
-21.0%
Days on Market (Pending Sale) ...........................
73
54
76
66
-9.6%
Month’s Supply of Inventory ................................
6.9
5
10.6
5.4
-21.0%
Percent Under Contract ........................................
29.0%
12.7%
20.8%
20.4%
-29.7%
Average Median Price for Last 12 Months ........
$1,017,736
$1,252,083
$1,137,500
$1,171,068
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.058
MAR
$1,235,000
APR MAY
MEDIAN SALES PRICE
JUN
$712
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.235 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Brentwood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$606,900
$775,000
$832,500
$962,500
58.6%
Average Price per Square Foot ...........................
$522
$532
$630
$612
17.2%
Properties Sold .......................................................
9
10
13
17
88.9%
Properties Pending Sale .......................................
19
18
22
18
-5.3%
Properties For Sale ................................................
66
84
80
64
-3.0%
Days on Market (Pending Sale) ...........................
67
46
32
57
-14.9%
Month’s Supply of Inventory ................................
7.3
8.4
6.2
3.8
-48.7%
Percent Under Contract ........................................
28.8%
21.4%
27.5%
28.1%
-2.3%
Average Median Price for Last 12 Months ........
$703,740
$816,500
$872,500
$788,492
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$606
MAR
$962,500
APR MAY
MEDIAN SALES PRICE
JUN
$612
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
Culver City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$382,000
$425,000
$426,000
$425,000
11.3%
Average Price per Square Foot ...........................
$384
$442
$441
$412
7.3%
Properties Sold .......................................................
9
19
13
11
22.2%
Properties Pending Sale .......................................
27
21
19
12
-55.6%
Properties For Sale ................................................
45
44
37
30
-33.3%
Days on Market (Pending Sale) ...........................
37
26
17
34
-8.1%
Month’s Supply of Inventory ................................
5
2.3
2.8
2.7
-45.5%
Percent Under Contract ........................................
60.0%
47.7%
51.4%
40.0%
-33.3%
Average Median Price for Last 12 Months ........
$397,333
$433,917
$433,333
$436,577
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$382
MAR
$425,000
APR MAY
MEDIAN SALES PRICE
JUN
$412
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2016
telesproperties.com
Downtown DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$487,000
$535,000
$537,050
$607,500
24.7%
Average Price per Square Foot ...........................
$589
$627
$640
$584
-0.8%
Properties Sold .......................................................
31
44
34
14
-54.8%
Properties Pending Sale .......................................
46
47
34
33
-28.3%
Properties For Sale ................................................
184
200
164
167
-9.2%
Days on Market (Pending Sale) ...........................
66
60
53
69
4.5%
Month’s Supply of Inventory ................................
5.9
4.5
4.8
11.9
101.0%
Percent Under Contract ........................................
25.0%
23.5%
20.7%
19.8%
-21.0%
Average Median Price for Last 12 Months ........
$532,053
$578,092
$593,000
$575,235
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$487
MAR
$607,500
APR MAY
MEDIAN SALES PRICE
JUN
$584
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$607 M E 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 2016
telesproperties.com
Encino DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$319,000
$300,000
$300,000
$346,000
8.5%
Average Price per Square Foot ...........................
$314
$272
$283
$267
-15.0%
Properties Sold .......................................................
9
16
18
8
-11.1%
Properties Pending Sale .......................................
22
20
18
20
-9.1%
Properties For Sale ................................................
30
36
25
17
-43.3%
Days on Market (Pending Sale) ...........................
64
65
57
37
-42.2%
Month’s Supply of Inventory ................................
3.3
2.2
1.4
2.1
-36.2%
Percent Under Contract ........................................
73.3%
55.6%
72.0%
117.6%
60.4%
Average Median Price for Last 12 Months ........
$299,167
$321,167
$339,333
$324,538
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$319
MAR
$346,000
APR MAY
MEDIAN SALES PRICE
JUN
$267
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$346 M E 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 2016
telesproperties.com
Malibu DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$2,050,000
$583,000
$0
$756,250
-63.1%
Average Price per Square Foot ...........................
$855
$568
$0
$781
-8.7%
Properties Sold .......................................................
1
3
0
2
100.0%
Properties Pending Sale .......................................
2
2
1
4
100.0%
Properties For Sale ................................................
21
21
16
19
-9.5%
Days on Market (Pending Sale) ...........................
14
124
183
62
342.9%
Month’s Supply of Inventory ................................
21
7
n/a
9.5
-54.8%
Percent Under Contract ........................................
9.5%
9.5%
6.2%
21.1%
121.1%
Average Median Price for Last 12 Months ........
$1,141,000
$833,889
$1,028,083
$834,954
-26.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.050
FEB MAR
$756,250
APR MAY
MEDIAN SALES PRICE
JUN
$781
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$756 M E 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 2016
telesproperties.com
Marina Del Rey DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$989,000
$1,008,710
$865,000
$814,000
-17.7%
Average Price per Square Foot ...........................
$744
$701
$622
$607
-18.4%
Properties Sold .......................................................
9
16
16
21
133.3%
Properties Pending Sale .......................................
25
25
17
10
-60.0%
Properties For Sale ................................................
105
100
84
76
-27.6%
Days on Market (Pending Sale) ...........................
90
61
39
46
-48.9%
Month’s Supply of Inventory ................................
11.7
6.2
5.2
3.6
-69.0%
Percent Under Contract ........................................
23.8%
25.0%
20.2%
13.2%
-44.7%
Average Median Price for Last 12 Months ........
$823,083
$853,167
$839,667
$875,208
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $989
FEB MAR
$814,000
APR MAY
MEDIAN SALES PRICE
JUN
$607
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$814 M E 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 2016
telesproperties.com
Santa Monica DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$698,000
$1,050,000
$1,178,087
$800,000
14.6%
Average Price per Square Foot ...........................
$760
$989
$1,108
$846
11.3%
Properties Sold .......................................................
20
39
23
16
-20.0%
Properties Pending Sale .......................................
24
26
33
25
4.2%
Properties For Sale ................................................
103
109
102
92
-10.7%
Days on Market (Pending Sale) ...........................
33
36
53
42
27.3%
Month’s Supply of Inventory ................................
5.2
2.8
4.4
5.8
11.7%
Percent Under Contract ........................................
23.3%
23.9%
32.4%
27.2%
16.6%
Average Median Price for Last 12 Months ........
$892,992
$927,806
$816,500
$960,026
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$698
MAR
$800,000
APR MAY
MEDIAN SALES PRICE
JUN
$846
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.8 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 2016
telesproperties.com
Sherman Oaks DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$430,000
$446,000
$435,000
$509,000
18.4%
Average Price per Square Foot ...........................
$349
$347
$310
$343
-1.7%
Properties Sold .......................................................
19
24
10
4
-78.9%
Properties Pending Sale .......................................
33
24
16
21
-36.4%
Properties For Sale ................................................
35
36
27
35
0.0%
Days on Market (Pending Sale) ...........................
60
41
41
64
6.7%
Month’s Supply of Inventory ................................
1.8
1.5
2.7
8.7
375.0%
Percent Under Contract ........................................
94.3%
66.7%
59.3%
60.0%
-36.4%
Average Median Price for Last 12 Months ........
$402,000
$441,000
$441,667
$438,769
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$430
MAR
$509,000
APR MAY
MEDIAN SALES PRICE
JUN
$343
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$509 M E 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 2016
telesproperties.com
Studio City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$515,000
$530,000
$468,000
$599,000
16.3%
Average Price per Square Foot ...........................
$388
$402
$385
$423
9.0%
Properties Sold .......................................................
11
19
7
13
18.2%
Properties Pending Sale .......................................
12
19
12
10
-16.7%
Properties For Sale ................................................
29
28
27
24
-17.2%
Days on Market (Pending Sale) ...........................
49
51
52
69
40.8%
Month’s Supply of Inventory ................................
2.6
1.5
3.9
1.8
-30.0%
Percent Under Contract ........................................
41.4%
67.9%
44.4%
41.7%
0.7%
Average Median Price for Last 12 Months ........
$502,667
$539,167
$561,000
$530,615
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$515
MAR
$599,000
APR MAY
MEDIAN SALES PRICE
JUN
$423
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 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 2016
telesproperties.com
Venice DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$1,228,500
$1,500,000
$1,647,500
$1,712,500
39.4%
Average Price per Square Foot ...........................
$769
$669
$905
$878
14.2%
Properties Sold .......................................................
2
3
2
2
0.0%
Properties Pending Sale .......................................
2
3
1
4
100.0%
Properties For Sale ................................................
17
28
14
16
-5.9%
Days on Market (Pending Sale) ...........................
22
43
6
80
263.6%
Month’s Supply of Inventory ................................
8.5
9.3
7
8
-5.9%
Percent Under Contract ........................................
11.8%
10.7%
7.1%
25.0%
112.5%
Average Median Price for Last 12 Months ........
$1,053,292
$1,396,500
$1,496,250
$1,316,955
25.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.228
MAR
$1,712,500
APR MAY
MEDIAN SALES PRICE
JUN
$878
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : February 2016
telesproperties.com
West Hollywood DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$650,000
$622,500
$714,000
$746,500
14.8%
Average Price per Square Foot ...........................
$585
$631
$719
$681
16.4%
Properties Sold .......................................................
33
34
27
18
-45.5%
Properties Pending Sale .......................................
33
33
25
38
15.2%
Properties For Sale ................................................
129
112
103
122
-5.4%
Days on Market (Pending Sale) ...........................
49
32
36
48
-2.0%
Month’s Supply of Inventory ................................
3.9
3.3
3.8
6.8
73.4%
Percent Under Contract ........................................
25.6%
29.5%
24.3%
31.1%
21.8%
Average Median Price for Last 12 Months ........
$605,461
$635,000
$663,833
$624,269
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$650
MAR
$746,500
APR MAY
MEDIAN SALES PRICE
JUN
$681
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$746 M E 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 2016
telesproperties.com
West LA DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$622,500
$787,491
$592,500
$777,000
24.8%
Average Price per Square Foot ...........................
$510
$491
$534
$509
-0.2%
Properties Sold .......................................................
16
4
8
12
-25.0%
Properties Pending Sale .......................................
17
16
14
5
-70.6%
Properties For Sale ................................................
46
44
46
21
-54.3%
Days on Market (Pending Sale) ...........................
25
36
57
64
156.0%
Month’s Supply of Inventory ................................
2.9
11
5.8
1.8
-39.1%
Percent Under Contract ........................................
37.0%
36.4%
30.4%
23.8%
-35.6%
Average Median Price for Last 12 Months ........
$588,468
$677,034
$699,502
$686,246
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$622
MAR
$777,000
APR MAY
MEDIAN SALES PRICE
JUN
$509
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 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 2016
telesproperties.com
Westwood - Century City DATA*
Feb 2015
6 month
3 month
Feb 2016
% change
Median Price ..........................................................
$852,500
$749,000
$792,500
$816,320
-4.2%
Average Price per Square Foot ...........................
$518
$618
$615
$782
51.0%
Properties Sold .......................................................
20
51
40
26
30.0%
Properties Pending Sale .......................................
61
46
40
51
-16.4%
Properties For Sale ................................................
257
278
237
244
-5.1%
Days on Market (Pending Sale) ...........................
79
69
66
62
-21.5%
Month’s Supply of Inventory ................................
12.8
5.5
5.9
9.4
-27.0%
Percent Under Contract ........................................
23.7%
16.5%
16.9%
20.9%
-11.9%
Average Median Price for Last 12 Months ........
$757,365
$778,303
$816,107
$769,409
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$852
MAR
$816,320
APR MAY
MEDIAN SALES PRICE
JUN
$782
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.4 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 2016
telesproperties.com
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