micro market report luxury real estate market research July 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : July 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : July 2014
telesproperties.com
Los Angeles County DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$862,500
$823,000
$907,000
$952,900
10.5%
Average Price per Square Foot ...........................
$578
$556
$614
$627
8.5%
Properties Sold .......................................................
786
499
679
858
9.2%
Properties Pending Sale .......................................
878
647
826
839
-4.4%
Properties For Sale ................................................
3,764
3,155
3,606
4,087
8.6%
Days on Market (Pending Sale) ...........................
43
57
47
47
9.3%
Month’s Supply of Inventory ................................
4.8
6.3
5.3
4.8
-0.5%
Percent Under Contract ........................................
23.3%
20.5%
22.9%
20.5%
-12.0%
Average Median Price for Last 12 Months ........
$717,000
$926,192
$958,633
$886,165
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$862
AUG
$952,900
SEP OCT
MEDIAN SALES PRICE
NOV
$627
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$952 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,200,000
$2,162,500
$7,400,000
$2,058,000
-6.5%
Average Price per Square Foot ...........................
$881
$950
$969
$838
-4.9%
Properties Sold .......................................................
15
10
3
13
-13.3%
Properties Pending Sale .......................................
18
4
9
8
-55.6%
Properties For Sale ................................................
126
97
107
119
-5.6%
Days on Market (Pending Sale) ...........................
51
310
136
44
-13.7%
Month’s Supply of Inventory ................................
8.4
9.7
35.7
9.2
9.0%
Percent Under Contract ........................................
14.3%
4.1%
8.4%
6.7%
-52.9%
Average Median Price for Last 12 Months ........
$1,890,000
$3,133,632
$2,588,931
$2,541,638
25.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.200
AUG
$2,058,000
SEP OCT
MEDIAN SALES PRICE
NOV
$838
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.058 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,278,000
$1,300,000
$1,265,000
$1,314,500
2.9%
Average Price per Square Foot ...........................
$633
$536
$623
$645
1.9%
Properties Sold .......................................................
19
11
13
17
-10.5%
Properties Pending Sale .......................................
26
15
15
19
-26.9%
Properties For Sale ................................................
64
59
58
75
17.2%
Days on Market (Pending Sale) ...........................
31
32
51
35
12.9%
Month’s Supply of Inventory ................................
3.4
5.4
4.5
4.4
31.0%
Percent Under Contract ........................................
40.6%
25.4%
25.9%
25.3%
-37.6%
Average Median Price for Last 12 Months ........
$1,052,000
$1,298,292
$1,324,500
$1,302,380
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.278
AUG
$1,314,500
SEP OCT
MEDIAN SALES PRICE
NOV
$645
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.314 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Beverly Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$3,700,000
$5,198,500
$4,157,000
$3,050,000
-17.6%
Average Price per Square Foot ...........................
$1,084
$1,063
$1,145
$1,070
-1.3%
Properties Sold .......................................................
14
12
18
11
-21.4%
Properties Pending Sale .......................................
16
9
12
14
-12.5%
Properties For Sale ................................................
112
92
90
95
-15.2%
Days on Market (Pending Sale) ...........................
70
42
26
46
-34.3%
Month’s Supply of Inventory ................................
8
7.7
5
8.6
8.0%
Percent Under Contract ........................................
14.3%
9.8%
13.3%
14.7%
3.2%
Average Median Price for Last 12 Months ........
$4,088,000
$4,433,667
$4,065,000
$4,760,992
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.700
AUG
$3,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,070
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,170,178
$2,150,000
$2,740,000
$2,960,000
36.4%
Average Price per Square Foot ...........................
$750
$772
$801
$916
22.1%
Properties Sold .......................................................
18
11
16
12
-33.3%
Properties Pending Sale .......................................
19
15
11
15
-21.1%
Properties For Sale ................................................
127
116
121
132
3.9%
Days on Market (Pending Sale) ...........................
49
64
62
93
89.8%
Month’s Supply of Inventory ................................
7.1
10.5
7.6
11
55.9%
Percent Under Contract ........................................
15.0%
12.9%
9.1%
11.4%
-24.0%
Average Median Price for Last 12 Months ........
$1,976,000
$2,370,000
$2,201,667
$2,208,591
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.170
AUG
$2,960,000
SEP OCT
MEDIAN SALES PRICE
NOV
$916
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.960 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Beverlywood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$960,000
$910,000
$1,107,500
$1,029,000
7.2%
Average Price per Square Foot ...........................
$485
$573
$616
$580
19.6%
Properties Sold .......................................................
11
10
20
19
72.7%
Properties Pending Sale .......................................
16
20
16
21
31.2%
Properties For Sale ................................................
52
58
55
67
28.8%
Days on Market (Pending Sale) ...........................
22
40
52
46
109.1%
Month’s Supply of Inventory ................................
4.7
5.8
2.8
3.5
-25.4%
Percent Under Contract ........................................
30.8%
34.5%
29.1%
31.3%
1.9%
Average Median Price for Last 12 Months ........
$793,000
$950,083
$958,167
$964,385
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$960
AUG
$1,029,000
SEP OCT
MEDIAN SALES PRICE
NOV
$580
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Brentwood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,700,000
$2,190,000
$2,575,000
$2,717,500
0.6%
Average Price per Square Foot ...........................
$876
$949
$986
$909
3.8%
Properties Sold .......................................................
25
11
13
20
-20.0%
Properties Pending Sale .......................................
25
13
17
19
-24.0%
Properties For Sale ................................................
112
77
112
108
-3.6%
Days on Market (Pending Sale) ...........................
65
61
63
56
-13.8%
Month’s Supply of Inventory ................................
4.5
7
8.6
5.4
20.5%
Percent Under Contract ........................................
22.3%
16.9%
15.2%
17.6%
-21.2%
Average Median Price for Last 12 Months ........
$2,138,000
$2,996,500
$2,871,333
$2,637,714
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.700
AUG
$2,717,500
SEP OCT
MEDIAN SALES PRICE
NOV
$909
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,939,500
$1,800,000
$1,285,000
$1,395,000
-28.1%
Average Price per Square Foot ...........................
$648
$892
$621
$746
15.1%
Properties Sold .......................................................
6
3
7
7
16.7%
Properties Pending Sale .......................................
8
3
7
9
12.5%
Properties For Sale ................................................
24
9
18
27
12.5%
Days on Market (Pending Sale) ...........................
40
33
22
26
-35.0%
Month’s Supply of Inventory ................................
4
3
2.6
3.9
-3.6%
Percent Under Contract ........................................
33.3%
33.3%
38.9%
33.3%
0.0%
Average Median Price for Last 12 Months ........
$1,357,000
$1,577,233
$1,550,833
$1,559,665
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.939
JUL AUG
$1,395,000
SEP OCT
MEDIAN SALES PRICE
NOV
$746
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Culver City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$810,000
$700,000
$902,000
$893,250
10.3%
Average Price per Square Foot ...........................
$488
$532
$597
$596
22.1%
Properties Sold .......................................................
23
9
22
16
-30.4%
Properties Pending Sale .......................................
22
11
12
16
-27.3%
Properties For Sale ................................................
66
30
34
53
-19.7%
Days on Market (Pending Sale) ...........................
38
49
14
20
-47.4%
Month’s Supply of Inventory ................................
2.9
3.3
1.5
3.3
15.4%
Percent Under Contract ........................................
33.3%
36.7%
35.3%
30.2%
-9.4%
Average Median Price for Last 12 Months ........
$735,000
$826,708
$861,083
$815,173
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$810
AUG
$893,250
SEP OCT
MEDIAN SALES PRICE
NOV
$596
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,128,500
$1,531,250
$1,215,000
$1,625,000
44.0%
Average Price per Square Foot ...........................
$575
$536
$580
$661
15.0%
Properties Sold .......................................................
24
14
19
26
8.3%
Properties Pending Sale .......................................
18
23
26
29
61.1%
Properties For Sale ................................................
97
78
108
116
19.6%
Days on Market (Pending Sale) ...........................
35
63
43
52
48.6%
Month’s Supply of Inventory ................................
4
5.6
5.7
4.5
10.4%
Percent Under Contract ........................................
18.6%
29.5%
24.1%
25.0%
34.7%
Average Median Price for Last 12 Months ........
$1,088,000
$1,367,700
$1,367,750
$1,322,813
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.128
AUG
$1,625,000
SEP OCT
MEDIAN SALES PRICE
NOV
$661
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Hollywood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$678,000
$0
$857,500
$687,000
1.3%
Average Price per Square Foot ...........................
$414
$0
$545
$457
10.4%
Properties Sold .......................................................
11
0
4
6
-45.5%
Properties Pending Sale .......................................
4
4
5
5
25.0%
Properties For Sale ................................................
16
16
29
21
31.2%
Days on Market (Pending Sale) ...........................
15
36
53
14
-6.7%
Month’s Supply of Inventory ................................
1.5
0
7.2
3.5
140.6%
Percent Under Contract ........................................
25.0%
25.0%
17.2%
23.8%
-4.8%
Average Median Price for Last 12 Months ........
$687,000
$1,109,519
$1,006,538
$865,760
20.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$678
AUG
$687,000
SEP OCT
MEDIAN SALES PRICE
NOV
$457
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$687 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Hollywood Hills East DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,077,500
$1,460,000
$1,143,500
$1,134,000
5.2%
Average Price per Square Foot ...........................
$486
$553
$527
$512
5.3%
Properties Sold .......................................................
6
9
8
18
200.0%
Properties Pending Sale .......................................
15
6
10
9
-40.0%
Properties For Sale ................................................
67
51
61
69
3.0%
Days on Market (Pending Sale) ...........................
58
36
62
79
36.2%
Month’s Supply of Inventory ................................
4.5
8.5
6.1
3.8
-14.2%
Percent Under Contract ........................................
22.4%
11.8%
16.4%
13.0%
-41.7%
Average Median Price for Last 12 Months ........
$973,000
$1,158,525
$1,066,883
$1,155,500
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.077
AUG
$1,134,000
SEP OCT
MEDIAN SALES PRICE
NOV
$512
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.134 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Laurel Canyon DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,265,000
$1,076,442
$1,290,000
$1,428,000
12.9%
Average Price per Square Foot ...........................
$595
$574
$805
$727
22.2%
Properties Sold .......................................................
25
20
20
33
32.0%
Properties Pending Sale .......................................
31
31
32
24
-22.6%
Properties For Sale ................................................
138
144
142
147
6.5%
Days on Market (Pending Sale) ...........................
56
56
55
49
-12.5%
Month’s Supply of Inventory ................................
4.5
4.6
4.4
4.5
0.1%
Percent Under Contract ........................................
22.5%
21.5%
22.5%
16.3%
-27.3%
Average Median Price for Last 12 Months ........
$1,162,000
$1,386,333
$1,322,667
$1,324,331
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.265
AUG
$1,428,000
SEP OCT
MEDIAN SALES PRICE
NOV
$727
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.428 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Los Feliz DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,193,000
$972,000
$1,592,500
$1,250,000
4.8%
Average Price per Square Foot ...........................
$588
$698
$639
$603
2.6%
Properties Sold .......................................................
26
14
16
21
-19.2%
Properties Pending Sale .......................................
20
16
23
24
20.0%
Properties For Sale ................................................
74
68
91
99
33.8%
Days on Market (Pending Sale) ...........................
55
50
28
35
-36.4%
Month’s Supply of Inventory ................................
3.7
4.2
4
4.7
27.4%
Percent Under Contract ........................................
27.0%
23.5%
25.3%
24.2%
-10.3%
Average Median Price for Last 12 Months ........
$1,068,000
$1,255,833
$1,247,500
$1,278,462
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.193
AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$603
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Malibu DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,825,000
$2,225,000
$2,200,000
$2,665,000
46.0%
Average Price per Square Foot ...........................
$652
$726
$649
$809
24.1%
Properties Sold .......................................................
17
7
15
18
5.9%
Properties Pending Sale .......................................
15
14
12
13
-13.3%
Properties For Sale ................................................
222
171
193
220
-0.9%
Days on Market (Pending Sale) ...........................
94
143
104
185
96.8%
Month’s Supply of Inventory ................................
13.1
24.4
12.9
12.2
-6.4%
Percent Under Contract ........................................
6.8%
8.2%
6.2%
5.9%
-12.5%
Average Median Price for Last 12 Months ........
$1,881,000
$2,300,327
$2,546,667
$2,237,170
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.825
AUG
$2,665,000
SEP OCT
MEDIAN SALES PRICE
NOV
$809
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Malibu Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,218,750
$4,716,250
$3,595,125
$4,845,000
118.4%
Average Price per Square Foot ...........................
$1,149
$1,883
$1,193
$1,640
42.7%
Properties Sold .......................................................
4
2
2
2
-50.0%
Properties Pending Sale .......................................
5
5
2
5
0.0%
Properties For Sale ................................................
83
64
78
85
2.4%
Days on Market (Pending Sale) ...........................
303
260
75
72
-76.2%
Month’s Supply of Inventory ................................
20.8
32
39
42.5
104.8%
Percent Under Contract ........................................
6.0%
7.8%
2.6%
5.9%
-2.4%
Average Median Price for Last 12 Months ........
$5,858,000
$6,160,854
$6,791,667
$6,284,846
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.218
AUG
$4,845,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,640
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
42.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Marina Del Rey DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,262,500
$2,050,000
$1,260,000
$0
-100.0%
Average Price per Square Foot ...........................
$620
$591
$554
$0
-100.0%
Properties Sold .......................................................
4
1
8
0
-100.0%
Properties Pending Sale .......................................
4
7
6
3
-25.0%
Properties For Sale ................................................
21
24
23
27
28.6%
Days on Market (Pending Sale) ...........................
29
52
44
22
-24.1%
Month’s Supply of Inventory ................................
5.2
24
2.9
0
0%
Percent Under Contract ........................................
19.0%
29.2%
26.1%
11.1%
-41.7%
Average Median Price for Last 12 Months ........
$1,532,000
$1,808,200
$2,408,000
$1,616,625
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.262
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Mid Los Angeles DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$655,000
$450,000
$526,000
$525,000
-19.8%
Average Price per Square Foot ...........................
$296
$257
$325
$297
0.3%
Properties Sold .......................................................
10
9
15
15
50.0%
Properties Pending Sale .......................................
16
14
25
15
-6.2%
Properties For Sale ................................................
75
57
64
67
-10.7%
Days on Market (Pending Sale) ...........................
36
52
49
37
2.8%
Month’s Supply of Inventory ................................
7.5
6.3
4.3
4.5
-40.4%
Percent Under Contract ........................................
21.3%
24.6%
39.1%
22.4%
4.9%
Average Median Price for Last 12 Months ........
$391,000
$532,344
$578,333
$505,312
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $655
JUL AUG
$525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$297
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Mid Wilshire DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$330,000
$545,000
$747,000
$610,000
84.8%
Average Price per Square Foot ...........................
$154
$387
$330
$305
98.1%
Properties Sold .......................................................
1
1
2
3
200.0%
Properties Pending Sale .......................................
2
0
4
0
-100.0%
Properties For Sale ................................................
16
9
18
15
-6.2%
Days on Market (Pending Sale) ...........................
40
0
56
0
-100.0%
Month’s Supply of Inventory ................................
16
9
9
5
-68.8%
Percent Under Contract ........................................
12.5%
0.0%
22.2%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$445,000
$661,750
$633,333
$581,909
23.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$330
AUG
$610,000
SEP OCT
MEDIAN SALES PRICE
NOV
$305
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Pacific Palisades DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,026,188
$2,492,000
$2,472,500
$2,862,467
41.3%
Average Price per Square Foot ...........................
$767
$721
$886
$905
18.0%
Properties Sold .......................................................
36
14
24
45
25.0%
Properties Pending Sale .......................................
38
20
33
25
-34.2%
Properties For Sale ................................................
133
109
118
124
-6.8%
Days on Market (Pending Sale) ...........................
48
69
68
28
-41.7%
Month’s Supply of Inventory ................................
3.7
7.8
4.9
2.8
-25.4%
Percent Under Contract ........................................
28.6%
18.3%
28.0%
20.2%
-29.4%
Average Median Price for Last 12 Months ........
$2,166,000
$2,779,995
$2,807,489
$2,571,958
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.026
AUG
$2,862,467
SEP OCT
MEDIAN SALES PRICE
NOV
$905
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Palms - Mar Vista DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$921,000
$760,000
$1,125,000
$967,000
5.0%
Average Price per Square Foot ...........................
$588
$571
$653
$687
16.8%
Properties Sold .......................................................
29
17
25
34
17.2%
Properties Pending Sale .......................................
28
19
23
24
-14.3%
Properties For Sale ................................................
68
55
62
90
32.4%
Days on Market (Pending Sale) ...........................
33
29
23
32
-3.0%
Month’s Supply of Inventory ................................
2.3
3.2
2.5
2.6
12.9%
Percent Under Contract ........................................
41.2%
34.5%
37.1%
26.7%
-35.2%
Average Median Price for Last 12 Months ........
$827,000
$1,096,583
$1,007,333
$1,024,850
19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$921
AUG
$967,000
SEP OCT
MEDIAN SALES PRICE
NOV
$687
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$967 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Playa Del Rey DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,340,000
$1,082,710
$1,778,000
$1,260,000
-6.0%
Average Price per Square Foot ...........................
$495
$611
$492
$532
7.5%
Properties Sold .......................................................
4
3
4
3
-25.0%
Properties Pending Sale .......................................
2
4
4
3
50.0%
Properties For Sale ................................................
20
13
16
16
-20.0%
Days on Market (Pending Sale) ...........................
26
66
22
51
96.2%
Month’s Supply of Inventory ................................
5
4.3
4
5.3
6.7%
Percent Under Contract ........................................
10.0%
30.8%
25.0%
18.8%
87.5%
Average Median Price for Last 12 Months ........
$1,138,000
$1,277,424
$1,150,167
$1,235,981
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.340
AUG
$1,260,000
SEP OCT
MEDIAN SALES PRICE
NOV
$532
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.260 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Playa Vista DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,499,000
$0
$1,000,000
$829,000
-44.7%
Average Price per Square Foot ...........................
$433
$0
$363
$549
26.8%
Properties Sold .......................................................
1
0
1
1
0.0%
Properties Pending Sale .......................................
4
0
1
2
-50.0%
Properties For Sale ................................................
10
7
6
6
-40.0%
Days on Market (Pending Sale) ...........................
27
0
87
27
0.0%
Month’s Supply of Inventory ................................
10
0
6
6
-40.0%
Percent Under Contract ........................................
40.0%
0.0%
16.7%
33.3%
-16.7%
Average Median Price for Last 12 Months ........
$1,159,000
$1,051,499
$1,035,500
$1,215,937
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.499
JUL AUG
$829,000
SEP OCT
MEDIAN SALES PRICE
NOV
$549
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Santa Monica DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,683,000
$1,488,000
$2,225,000
$1,682,500
-37.3%
Average Price per Square Foot ...........................
$1,224
$1,043
$927
$902
-26.3%
Properties Sold .......................................................
26
7
20
28
7.7%
Properties Pending Sale .......................................
23
15
22
25
8.7%
Properties For Sale ................................................
86
66
82
90
4.7%
Days on Market (Pending Sale) ...........................
33
62
47
40
21.2%
Month’s Supply of Inventory ................................
3.3
9.4
4.1
3.2
-2.8%
Percent Under Contract ........................................
26.7%
22.7%
26.8%
27.8%
3.9%
Average Median Price for Last 12 Months ........
$1,968,000
$1,975,167
$1,805,833
$1,949,096
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.683
JUL AUG
$1,682,500
SEP OCT
MEDIAN SALES PRICE
NOV
$902
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,500,000
$1,220,000
$1,642,500
$1,925,000
28.3%
Average Price per Square Foot ...........................
$622
$639
$893
$773
24.3%
Properties Sold .......................................................
30
24
33
46
53.3%
Properties Pending Sale .......................................
36
36
41
26
-27.8%
Properties For Sale ................................................
268
237
245
263
-1.9%
Days on Market (Pending Sale) ...........................
67
70
75
61
-9.0%
Month’s Supply of Inventory ................................
8.9
9.9
7.4
5.7
-36.0%
Percent Under Contract ........................................
13.4%
15.2%
16.7%
9.9%
-26.4%
Average Median Price for Last 12 Months ........
$1,430,000
$1,757,790
$1,809,253
$1,578,903
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.500
AUG
$1,925,000
SEP OCT
MEDIAN SALES PRICE
NOV
$773
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.925 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 : July 2014
telesproperties.com
Venice DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,250,000
$1,270,000
$1,722,000
$1,750,000
40.0%
Average Price per Square Foot ...........................
$775
$972
$727
$981
26.6%
Properties Sold .......................................................
19
14
8
22
15.8%
Properties Pending Sale .......................................
16
8
22
18
12.5%
Properties For Sale ................................................
71
51
55
62
-12.7%
Days on Market (Pending Sale) ...........................
28
42
34
37
32.1%
Month’s Supply of Inventory ................................
3.7
3.6
6.9
2.8
-24.6%
Percent Under Contract ........................................
22.5%
15.7%
40.0%
29.0%
28.8%
Average Median Price for Last 12 Months ........
$1,303,000
$1,622,133
$1,634,167
$1,473,100
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.250
AUG
$1,750,000
SEP OCT
MEDIAN SALES PRICE
NOV
$981
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
West Hollywood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$950,750
$1,077,884
$1,376,130
$943,000
-0.8%
Average Price per Square Foot ...........................
$647
$618
$921
$881
36.2%
Properties Sold .......................................................
12
17
10
10
-16.7%
Properties Pending Sale .......................................
8
8
11
14
75.0%
Properties For Sale ................................................
45
42
43
58
28.9%
Days on Market (Pending Sale) ...........................
41
73
29
20
-51.2%
Month’s Supply of Inventory ................................
3.8
2.5
4.3
5.8
54.7%
Percent Under Contract ........................................
17.8%
19.0%
25.6%
24.1%
35.8%
Average Median Price for Last 12 Months ........
$1,126,000
$1,147,095
$1,121,313
$1,144,112
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$943,000
SEP OCT
MEDIAN SALES PRICE
NOV
$881
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$943 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
West Los Angeles DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$900,000
$805,000
$891,000
$810,000
-10.0%
Average Price per Square Foot ...........................
$569
$531
$602
$714
25.5%
Properties Sold .......................................................
7
4
8
7
0.0%
Properties Pending Sale .......................................
6
8
11
7
16.7%
Properties For Sale ................................................
25
19
30
33
32.0%
Days on Market (Pending Sale) ...........................
43
38
47
46
7.0%
Month’s Supply of Inventory ................................
3.6
4.8
3.8
4.7
32.0%
Percent Under Contract ........................................
24.0%
42.1%
36.7%
21.2%
-11.6%
Average Median Price for Last 12 Months ........
$711,000
$858,292
$864,417
$839,723
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$900
AUG
$810,000
SEP OCT
MEDIAN SALES PRICE
NOV
$714
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Westchester DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$767,000
$1,060,000
$814,000
$814,000
6.1%
Average Price per Square Foot ...........................
$465
$479
$482
$494
6.2%
Properties Sold .......................................................
23
7
17
33
43.5%
Properties Pending Sale .......................................
24
12
16
27
12.5%
Properties For Sale ................................................
60
32
63
81
35.0%
Days on Market (Pending Sale) ...........................
26
25
28
34
30.8%
Month’s Supply of Inventory ................................
2.6
4.6
3.7
2.5
-5.9%
Percent Under Contract ........................................
40.0%
37.5%
25.4%
33.3%
-16.7%
Average Median Price for Last 12 Months ........
$700,000
$816,167
$792,667
$816,846
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$767
AUG
$814,000
SEP OCT
MEDIAN SALES PRICE
NOV
$494
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Westwood - Century City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,025,500
$1,425,000
$1,615,000
$2,200,000
8.6%
Average Price per Square Foot ...........................
$756
$723
$701
$793
4.9%
Properties Sold .......................................................
10
8
14
21
110.0%
Properties Pending Sale .......................................
16
6
16
19
18.8%
Properties For Sale ................................................
58
34
62
68
17.2%
Days on Market (Pending Sale) ...........................
26
74
38
40
53.8%
Month’s Supply of Inventory ................................
5.8
4.2
4.4
3.2
-44.2%
Percent Under Contract ........................................
27.6%
17.6%
25.8%
27.9%
1.3%
Average Median Price for Last 12 Months ........
$1,381,000
$1,865,000
$1,863,333
$1,698,923
23.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.025
AUG
$2,200,000
SEP OCT
MEDIAN SALES PRICE
NOV
$793
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
South Bay Macro Market DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,370,778
$1,544,778
$1,276,222
$1,322,906
-3.5%
Average Price per Square Foot ...........................
$545
$540
$547
$539
-1.0%
Properties Sold .......................................................
262
132
192
239
-8.8%
Properties Pending Sale .......................................
233
149
208
206
-11.6%
Properties For Sale ................................................
740
535
648
778
5.1%
Days on Market (Pending Sale) ...........................
38
45
44
36
-4.7%
Month’s Supply of Inventory ................................
2.8
4.1
3.4
3.3
15.3%
Percent Under Contract ........................................
31.5%
27.9%
32.1%
26.5%
-15.9%
Average Median Price for Last 12 Months ........
$1,214,556
$1,286,971
$1,431,972
$1,353,025
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.370
AUG
$1,322,906
SEP OCT
MEDIAN SALES PRICE
NOV
$539
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.322 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
El Segundo DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$799,500
$840,500
$947,500
$950,000
18.8%
Average Price per Square Foot ...........................
$495
$558
$495
$426
-13.9%
Properties Sold .......................................................
10
4
8
9
-10.0%
Properties Pending Sale .......................................
7
2
6
8
14.3%
Properties For Sale ................................................
22
15
21
16
-27.3%
Days on Market (Pending Sale) ...........................
26
29
37
36
38.5%
Month’s Supply of Inventory ................................
2.2
3.8
2.6
1.8
-19.2%
Percent Under Contract ........................................
31.8%
13.3%
28.6%
50.0%
57.1%
Average Median Price for Last 12 Months ........
$847,000
$882,917
$889,333
$845,442
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$799
AUG
$950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$426
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Manhattan Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,575,000
$2,217,500
$1,837,500
$1,955,250
24.1%
Average Price per Square Foot ...........................
$825
$703
$843
$782
-5.2%
Properties Sold .......................................................
35
10
42
31
-11.4%
Properties Pending Sale .......................................
28
23
32
25
-10.7%
Properties For Sale ................................................
93
58
95
89
-4.3%
Days on Market (Pending Sale) ...........................
35
60
35
31
-11.4%
Month’s Supply of Inventory ................................
2.7
5.8
2.3
2.9
8.0%
Percent Under Contract ........................................
30.1%
39.7%
33.7%
28.1%
-6.7%
Average Median Price for Last 12 Months ........
$1,588,000
$1,889,958
$1,961,750
$1,839,519
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.575
AUG
$1,955,250
SEP OCT
MEDIAN SALES PRICE
NOV
$782
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Palos Verdes Estates DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,335,000
$1,775,500
$1,530,000
$1,650,000
23.6%
Average Price per Square Foot ...........................
$642
$647
$600
$592
-7.8%
Properties Sold .......................................................
24
10
16
19
-20.8%
Properties Pending Sale .......................................
16
9
12
19
18.8%
Properties For Sale ................................................
69
45
63
84
21.7%
Days on Market (Pending Sale) ...........................
64
36
70
38
-40.6%
Month’s Supply of Inventory ................................
2.9
4.5
3.9
4.4
53.8%
Percent Under Contract ........................................
23.2%
20.0%
19.0%
22.6%
-2.5%
Average Median Price for Last 12 Months ........
$1,592,000
$1,540,833
$1,530,000
$1,547,462
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.335
AUG
$1,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$592
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Rancho Palos Verdes DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,200,000
$1,100,000
$1,045,000
$1,094,400
-8.8%
Average Price per Square Foot ...........................
$440
$528
$523
$518
17.7%
Properties Sold .......................................................
37
25
24
48
29.7%
Properties Pending Sale .......................................
43
19
30
43
0.0%
Properties For Sale ................................................
135
92
112
165
22.2%
Days on Market (Pending Sale) ...........................
35
64
44
55
57.1%
Month’s Supply of Inventory ................................
3.6
3.7
4.7
3.4
-5.8%
Percent Under Contract ........................................
31.9%
20.7%
26.8%
26.1%
-18.2%
Average Median Price for Last 12 Months ........
$1,018,000
$1,188,733
$1,220,800
$1,165,800
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.200
AUG
$1,094,400
SEP OCT
MEDIAN SALES PRICE
NOV
$518
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.094 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Redondo Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$882,000
$802,000
$900,000
$1,019,000
15.5%
Average Price per Square Foot ...........................
$535
$558
$558
$539
0.7%
Properties Sold .......................................................
38
29
29
38
0.0%
Properties Pending Sale .......................................
30
23
31
27
-10.0%
Properties For Sale ................................................
100
72
79
97
-3.0%
Days on Market (Pending Sale) ...........................
27
34
35
36
33.3%
Month’s Supply of Inventory ................................
2.6
2.5
2.7
2.6
-3.0%
Percent Under Contract ........................................
30.0%
31.9%
39.2%
27.8%
-7.2%
Average Median Price for Last 12 Months ........
$804,000
$890,848
$913,029
$870,122
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$882
AUG
$1,019,000
SEP OCT
MEDIAN SALES PRICE
NOV
$539
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.019 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Rolling Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$4,087,500
$5,000,000
$2,925,000
$2,785,000
-31.9%
Average Price per Square Foot ...........................
$742
$625
$683
$638
-14.0%
Properties Sold .......................................................
2
1
3
3
50.0%
Properties Pending Sale .......................................
1
1
1
2
100.0%
Properties For Sale ................................................
17
12
21
23
35.3%
Days on Market (Pending Sale) ...........................
11
5
32
7
-36.4%
Month’s Supply of Inventory ................................
8.5
12
7
7.7
-9.8%
Percent Under Contract ........................................
5.9%
8.3%
4.8%
8.7%
47.8%
Average Median Price for Last 12 Months ........
$2,738,000
$3,468,375
$3,649,500
$3,434,150
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.087
JUL AUG
$2,785,000
SEP OCT
MEDIAN SALES PRICE
NOV
$638
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Rolling Hills Estates DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,290,000
$1,000,000
$1,182,000
$1,300,000
0.8%
Average Price per Square Foot ...........................
$488
$457
$480
$573
17.4%
Properties Sold .......................................................
8
1
6
15
87.5%
Properties Pending Sale .......................................
13
5
11
6
-53.8%
Properties For Sale ................................................
30
17
26
33
10.0%
Days on Market (Pending Sale) ...........................
72
73
40
32
-55.6%
Month’s Supply of Inventory ................................
3.8
17
4.3
2.2
-41.3%
Percent Under Contract ........................................
43.3%
29.4%
42.3%
18.2%
-58.0%
Average Median Price for Last 12 Months ........
$1,292,000
$1,360,333
$1,535,000
$1,328,423
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.290
AUG
$1,300,000
SEP OCT
MEDIAN SALES PRICE
NOV
$573
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
San Pedro DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$509,000
$515,000
$490,000
$522,500
2.7%
Average Price per Square Foot ...........................
$337
$386
$331
$365
8.3%
Properties Sold .......................................................
43
20
23
24
-44.2%
Properties Pending Sale .......................................
33
25
31
23
-30.3%
Properties For Sale ................................................
129
113
113
117
-9.3%
Days on Market (Pending Sale) ...........................
48
58
74
53
10.4%
Month’s Supply of Inventory ................................
3
5.6
4.9
4.9
62.5%
Percent Under Contract ........................................
25.6%
22.1%
27.4%
19.7%
-23.2%
Average Median Price for Last 12 Months ........
$466,000
$517,917
$537,500
$505,038
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$509
AUG
$522,500
SEP OCT
MEDIAN SALES PRICE
NOV
$365
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$522 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Torrance DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$659,000
$652,500
$629,000
$630,000
-4.4%
Average Price per Square Foot ...........................
$398
$395
$409
$422
6.0%
Properties Sold .......................................................
65
32
41
52
-20.0%
Properties Pending Sale .......................................
62
42
54
53
-14.5%
Properties For Sale ................................................
145
111
118
154
6.2%
Days on Market (Pending Sale) ...........................
23
42
29
37
60.9%
Month’s Supply of Inventory ................................
2.2
3.5
2.9
3
32.8%
Percent Under Contract ........................................
42.8%
37.8%
45.8%
34.4%
-19.5%
Average Median Price for Last 12 Months ........
$586,000
$640,667
$650,833
$641,269
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$659
AUG
$630,000
SEP OCT
MEDIAN SALES PRICE
NOV
$422
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$670,500
$763,500
$790,714
$803,357
19.8%
Average Price per Square Foot ...........................
$369
$361
$384
$396
7.2%
Properties Sold .......................................................
544
346
448
461
-15.3%
Properties Pending Sale .......................................
558
380
490
479
-14.2%
Properties For Sale ................................................
952
811
996
1,202
26.3%
Days on Market (Pending Sale) ...........................
47
69
58
52
11.0%
Month’s Supply of Inventory ................................
1.8
2.3
2.2
2.6
49.0%
Percent Under Contract ........................................
58.6%
46.9%
49.2%
39.9%
-32.0%
Average Median Price for Last 12 Months ........
$637,714
$776,048
$797,286
$741,599
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$670
AUG
$803,357
SEP OCT
MEDIAN SALES PRICE
NOV
$396
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$803 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Burbank DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$605,000
$630,000
$610,000
$688,000
13.7%
Average Price per Square Foot ...........................
$395
$388
$373
$413
4.6%
Properties Sold .......................................................
56
49
52
57
1.8%
Properties Pending Sale .......................................
72
46
49
51
-29.2%
Properties For Sale ................................................
72
73
62
85
18.1%
Days on Market (Pending Sale) ...........................
35
46
46
38
8.6%
Month’s Supply of Inventory ................................
1.3
1.5
1.2
1.5
16.0%
Percent Under Contract ........................................
100.0%
63.0%
79.0%
60.0%
-40.0%
Average Median Price for Last 12 Months ........
$541,000
$648,667
$664,000
$624,923
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$605
AUG
$688,000
SEP OCT
MEDIAN SALES PRICE
NOV
$413
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Encino DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$875,000
$938,000
$985,000
$1,099,000
25.6%
Average Price per Square Foot ...........................
$399
$403
$416
$492
23.3%
Properties Sold .......................................................
49
32
41
41
-16.3%
Properties Pending Sale .......................................
42
29
51
40
-4.8%
Properties For Sale ................................................
96
80
110
112
16.7%
Days on Market (Pending Sale) ...........................
41
74
44
61
48.8%
Month’s Supply of Inventory ................................
2
2.5
2.7
2.7
39.4%
Percent Under Contract ........................................
43.8%
36.2%
46.4%
35.7%
-18.4%
Average Median Price for Last 12 Months ........
$780,923
$1,078,333
$1,044,667
$1,009,846
29.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$875
AUG
$1,099,000
SEP OCT
MEDIAN SALES PRICE
NOV
$492
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.099 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Glendale DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$700,000
$760,000
$708,000
$725,000
3.6%
Average Price per Square Foot ...........................
$378
$354
$394
$406
7.4%
Properties Sold .......................................................
64
40
50
64
0.0%
Properties Pending Sale .......................................
77
40
58
61
-20.8%
Properties For Sale ................................................
115
91
108
121
5.2%
Days on Market (Pending Sale) ...........................
51
53
60
46
-9.8%
Month’s Supply of Inventory ................................
1.8
2.3
2.2
1.9
5.2%
Percent Under Contract ........................................
67.0%
44.0%
53.7%
50.4%
-24.7%
Average Median Price for Last 12 Months ........
$618,846
$720,167
$745,333
$713,308
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$700
AUG
$725,000
SEP OCT
MEDIAN SALES PRICE
NOV
$406
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
La Crescenta DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$635,000
$610,000
$749,000
$759,000
19.5%
Average Price per Square Foot ...........................
$415
$408
$399
$406
-2.2%
Properties Sold .......................................................
19
15
18
19
0.0%
Properties Pending Sale .......................................
19
13
22
30
57.9%
Properties For Sale ................................................
34
24
38
48
41.2%
Days on Market (Pending Sale) ...........................
32
57
45
47
46.9%
Month’s Supply of Inventory ................................
1.8
1.6
2.1
2.5
41.2%
Percent Under Contract ........................................
55.9%
54.2%
57.9%
62.5%
11.8%
Average Median Price for Last 12 Months ........
$603,154
$726,333
$728,667
$678,615
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$635
AUG
$759,000
SEP OCT
MEDIAN SALES PRICE
NOV
$406
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
North Hollywood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$368,000
$393,000
$448,000
$470,000
27.7%
Average Price per Square Foot ...........................
$291
$304
$337
$323
11.0%
Properties Sold .......................................................
49
26
42
30
-38.8%
Properties Pending Sale .......................................
43
46
49
36
-16.3%
Properties For Sale ................................................
51
71
69
83
62.7%
Days on Market (Pending Sale) ...........................
42
50
61
40
-4.8%
Month’s Supply of Inventory ................................
1
2.7
1.6
2.8
165.8%
Percent Under Contract ........................................
84.3%
64.8%
71.0%
43.4%
-48.6%
Average Median Price for Last 12 Months ........
$346,615
$443,000
$440,000
$418,385
20.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$368
AUG
$470,000
SEP OCT
MEDIAN SALES PRICE
NOV
$323
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$470 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Shadow Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$590,000
$1,025,000
$813,000
$873,000
48.0%
Average Price per Square Foot ...........................
$242
$259
$267
$282
16.5%
Properties Sold .......................................................
5
3
2
4
-20.0%
Properties Pending Sale .......................................
3
1
2
3
0.0%
Properties For Sale ................................................
20
4
10
13
-35.0%
Days on Market (Pending Sale) ...........................
43
79
51
41
-4.7%
Month’s Supply of Inventory ................................
4
1.3
5
3.2
-18.8%
Percent Under Contract ........................................
15.0%
25.0%
20.0%
23.1%
53.8%
Average Median Price for Last 12 Months ........
$604,615
$760,167
$704,333
$741,077
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$590
AUG
$873,000
SEP OCT
MEDIAN SALES PRICE
NOV
$282
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$873 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Sherman Oaks DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$809,000
$1,033,000
$938,000
$957,000
18.3%
Average Price per Square Foot ...........................
$420
$431
$449
$467
11.2%
Properties Sold .......................................................
72
40
59
56
-22.2%
Properties Pending Sale .......................................
63
50
72
71
12.7%
Properties For Sale ................................................
120
101
125
168
40.0%
Days on Market (Pending Sale) ...........................
50
97
57
45
-10.0%
Month’s Supply of Inventory ................................
1.7
2.5
2.1
3
80.0%
Percent Under Contract ........................................
52.5%
49.5%
57.6%
42.3%
-19.5%
Average Median Price for Last 12 Months ........
$742,846
$918,333
$947,333
$878,077
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$809
AUG
$957,000
SEP OCT
MEDIAN SALES PRICE
NOV
$467
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$957 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Studio City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$950,000
$1,122,000
$1,270,000
$1,245,000
31.1%
Average Price per Square Foot ...........................
$498
$481
$527
$545
9.4%
Properties Sold .......................................................
27
21
24
36
33.3%
Properties Pending Sale .......................................
35
26
32
35
0.0%
Properties For Sale ................................................
83
67
91
91
9.6%
Days on Market (Pending Sale) ...........................
52
57
60
57
9.6%
Month’s Supply of Inventory ................................
3.1
3.2
3.8
2.5
-17.8%
Percent Under Contract ........................................
42.2%
38.8%
35.2%
38.5%
-8.8%
Average Median Price for Last 12 Months ........
$879,615
$1,189,167
$1,213,333
$1,123,615
27.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$1,245,000
SEP OCT
MEDIAN SALES PRICE
NOV
$545
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.245 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Sun Valley DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$355,000
$350,000
$379,000
$380,000
7.0%
Average Price per Square Foot ...........................
$274
$257
$285
$273
-0.4%
Properties Sold .......................................................
29
12
19
20
-31.0%
Properties Pending Sale .......................................
27
13
19
13
-51.9%
Properties For Sale ................................................
29
25
34
35
20.7%
Days on Market (Pending Sale) ...........................
72
87
74
40
-44.4%
Month’s Supply of Inventory ................................
1
2.1
1.8
1.8
75.0%
Percent Under Contract ........................................
93.1%
52.0%
55.9%
37.1%
-60.1%
Average Median Price for Last 12 Months ........
$352,769
$388,833
$377,000
$375,846
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$355
AUG
$380,000
SEP OCT
MEDIAN SALES PRICE
NOV
$273
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Sunland/Tujunga DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$400,000
$426,000
$467,000
$445,000
11.2%
Average Price per Square Foot ...........................
$289
$294
$308
$322
11.4%
Properties Sold .......................................................
46
38
32
35
-23.9%
Properties Pending Sale .......................................
43
33
37
39
-9.3%
Properties For Sale ................................................
63
47
78
91
44.4%
Days on Market (Pending Sale) ...........................
44
71
46
55
25.0%
Month’s Supply of Inventory ................................
1.4
1.2
2.4
2.6
89.8%
Percent Under Contract ........................................
68.3%
70.2%
47.4%
42.9%
-37.2%
Average Median Price for Last 12 Months ........
$363,846
$440,000
$444,000
$429,077
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$400
AUG
$445,000
SEP OCT
MEDIAN SALES PRICE
NOV
$322
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Tarzana DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$885,000
$833,000
$1,046,000
$985,000
11.3%
Average Price per Square Foot ...........................
$335
$334
$328
$348
3.9%
Properties Sold .......................................................
30
20
30
26
-13.3%
Properties Pending Sale .......................................
37
23
19
22
-40.5%
Properties For Sale ................................................
65
71
75
108
66.2%
Days on Market (Pending Sale) ...........................
63
70
77
59
-6.3%
Month’s Supply of Inventory ................................
2.2
3.6
2.5
4.2
91.7%
Percent Under Contract ........................................
56.9%
32.4%
25.3%
20.4%
-64.2%
Average Median Price for Last 12 Months ........
$756,462
$884,000
$914,333
$830,231
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$885
AUG
$985,000
SEP OCT
MEDIAN SALES PRICE
NOV
$348
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Toluca Lake DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$820,000
$1,148,000
$1,272,000
$1,158,000
41.2%
Average Price per Square Foot ...........................
$507
$465
$579
$495
-2.4%
Properties Sold .......................................................
5
6
8
4
-20.0%
Properties Pending Sale .......................................
5
4
3
8
60.0%
Properties For Sale ................................................
18
15
9
25
38.9%
Days on Market (Pending Sale) ...........................
48
87
69
54
12.5%
Month’s Supply of Inventory ................................
3.6
2.5
1.1
6.2
73.6%
Percent Under Contract ........................................
27.8%
26.7%
33.3%
32.0%
15.2%
Average Median Price for Last 12 Months ........
$1,089,231
$1,257,000
$1,505,667
$1,139,385
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$820
AUG
$1,158,000
SEP OCT
MEDIAN SALES PRICE
NOV
$495
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.158 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Valley Village DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$745,000
$751,000
$675,000
$778,000
4.4%
Average Price per Square Foot ...........................
$411
$364
$400
$435
5.8%
Properties Sold .......................................................
22
12
10
12
-45.5%
Properties Pending Sale .......................................
17
9
10
12
-29.4%
Properties For Sale ................................................
36
19
27
27
-25.0%
Days on Market (Pending Sale) ...........................
33
73
57
77
133.3%
Month’s Supply of Inventory ................................
1.6
1.6
2.7
2.2
37.5%
Percent Under Contract ........................................
47.2%
47.4%
37.0%
44.4%
-5.9%
Average Median Price for Last 12 Months ........
$667,923
$736,500
$755,000
$755,846
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$745
AUG
$778,000
SEP OCT
MEDIAN SALES PRICE
NOV
$435
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Woodland Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$650,000
$670,000
$710,000
$685,000
5.4%
Average Price per Square Foot ...........................
$312
$311
$312
$333
6.7%
Properties Sold .......................................................
71
32
61
57
-19.7%
Properties Pending Sale .......................................
75
47
67
58
-22.7%
Properties For Sale ................................................
150
123
160
195
30.0%
Days on Market (Pending Sale) ...........................
47
61
63
65
38.3%
Month’s Supply of Inventory ................................
2.1
3.8
2.6
3.4
61.9%
Percent Under Contract ........................................
50.0%
38.2%
41.9%
29.7%
-40.5%
Average Median Price for Last 12 Months ........
$580,154
$674,167
$678,333
$664,154
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$650
AUG
$685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$333
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$901,364
$927,000
$947,455
$963,000
6.8%
Average Price per Square Foot ...........................
$451
$471
$484
$527
16.8%
Properties Sold .......................................................
366
207
273
316
-13.7%
Properties Pending Sale .......................................
382
218
281
326
-14.7%
Properties For Sale ................................................
650
447
575
734
12.9%
Days on Market (Pending Sale) ...........................
49
60
39
42
-13.1%
Month’s Supply of Inventory ................................
1.8
2.2
2.1
2.3
30.8%
Percent Under Contract ........................................
58.8%
48.8%
48.9%
44.4%
-24.4%
Average Median Price for Last 12 Months ........
$795,497
$957,500
$947,848
$915,000
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$901
AUG
$963,000
SEP OCT
MEDIAN SALES PRICE
NOV
$527
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Altadena DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$611,000
$507,000
$550,000
$570,000
-6.7%
Average Price per Square Foot ...........................
$373
$388
$380
$394
5.6%
Properties Sold .......................................................
54
28
33
29
-46.3%
Properties Pending Sale .......................................
51
22
37
34
-33.3%
Properties For Sale ................................................
54
47
42
74
37.0%
Days on Market (Pending Sale) ...........................
51
60
48
36
-29.4%
Month’s Supply of Inventory ................................
1
1.7
1.3
2.6
155.2%
Percent Under Contract ........................................
94.4%
46.8%
88.1%
45.9%
-51.4%
Average Median Price for Last 12 Months ........
$523,077
$583,333
$620,000
$583,385
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$611
AUG
$570,000
SEP OCT
MEDIAN SALES PRICE
NOV
$394
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Arcadia DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,290,000
$1,780,000
$1,484,000
$1,425,000
10.5%
Average Price per Square Foot ...........................
$525
$589
$546
$682
29.9%
Properties Sold .......................................................
43
25
36
39
-9.3%
Properties Pending Sale .......................................
47
37
33
38
-19.1%
Properties For Sale ................................................
115
81
105
169
47.0%
Days on Market (Pending Sale) ...........................
39
75
41
46
17.9%
Month’s Supply of Inventory ................................
2.7
3.2
2.9
4.3
62.0%
Percent Under Contract ........................................
40.9%
45.7%
31.4%
22.5%
-45.0%
Average Median Price for Last 12 Months ........
$1,105,538
$1,412,167
$1,340,333
$1,378,308
24.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.290
AUG
$1,425,000
SEP OCT
MEDIAN SALES PRICE
NOV
$682
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Duarte DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$430,000
$330,000
$374,000
$425,000
-1.2%
Average Price per Square Foot ...........................
$315
$301
$301
$308
-2.2%
Properties Sold .......................................................
14
12
14
15
7.1%
Properties Pending Sale .......................................
17
20
19
18
5.9%
Properties For Sale ................................................
17
19
19
23
35.3%
Days on Market (Pending Sale) ...........................
51
34
39
33
-35.3%
Month’s Supply of Inventory ................................
1.2
1.6
1.4
1.5
26.3%
Percent Under Contract ........................................
100.0%
105.3%
100.0%
78.3%
-21.7%
Average Median Price for Last 12 Months ........
$344,385
$430,000
$427,667
$408,308
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$430
AUG
$425,000
SEP OCT
MEDIAN SALES PRICE
NOV
$308
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Eagle Rock DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$610,000
$561,000
$697,000
$730,000
19.7%
Average Price per Square Foot ...........................
$395
$446
$396
$494
25.1%
Properties Sold .......................................................
21
5
5
8
-61.9%
Properties Pending Sale .......................................
18
9
5
4
-77.8%
Properties For Sale ................................................
26
11
15
16
-38.5%
Days on Market (Pending Sale) ...........................
42
35
52
26
-38.1%
Month’s Supply of Inventory ................................
1.2
2.2
3
2
61.5%
Percent Under Contract ........................................
69.2%
81.8%
33.3%
25.0%
-63.9%
Average Median Price for Last 12 Months ........
$514,231
$662,333
$644,333
$616,385
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$610
AUG
$730,000
SEP OCT
MEDIAN SALES PRICE
NOV
$494
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
La Canada Flintridge DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,303,000
$1,483,000
$1,240,000
$1,260,000
-3.3%
Average Price per Square Foot ...........................
$507
$533
$541
$532
4.9%
Properties Sold .......................................................
30
16
23
39
30.0%
Properties Pending Sale .......................................
32
13
27
32
0.0%
Properties For Sale ................................................
65
28
46
46
-29.2%
Days on Market (Pending Sale) ...........................
44
60
40
34
-22.7%
Month’s Supply of Inventory ................................
2.2
1.8
2
1.2
-45.6%
Percent Under Contract ........................................
49.2%
46.4%
58.7%
69.6%
41.3%
Average Median Price for Last 12 Months ........
$1,216,154
$1,321,500
$1,313,000
$1,283,308
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.303
AUG
$1,260,000
SEP OCT
MEDIAN SALES PRICE
NOV
$532
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.260 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Monrovia DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$578,000
$456,000
$595,000
$610,000
5.5%
Average Price per Square Foot ...........................
$385
$374
$373
$399
3.6%
Properties Sold .......................................................
35
19
29
34
-2.9%
Properties Pending Sale .......................................
38
18
30
32
-15.8%
Properties For Sale ................................................
56
39
61
66
17.9%
Days on Market (Pending Sale) ...........................
51
65
33
51
0.0%
Month’s Supply of Inventory ................................
1.6
2.1
2.1
1.9
21.3%
Percent Under Contract ........................................
67.9%
46.2%
49.2%
48.5%
-28.5%
Average Median Price for Last 12 Months ........
$502,231
$592,000
$614,333
$565,308
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$578
AUG
$610,000
SEP OCT
MEDIAN SALES PRICE
NOV
$399
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Pasadena DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$679,000
$625,000
$778,000
$773,000
13.8%
Average Price per Square Foot ...........................
$485
$436
$489
$512
5.6%
Properties Sold .......................................................
99
53
78
106
7.1%
Properties Pending Sale .......................................
113
52
79
110
-2.7%
Properties For Sale ................................................
184
136
179
185
0.5%
Days on Market (Pending Sale) ...........................
46
66
33
41
-10.9%
Month’s Supply of Inventory ................................
1.9
2.6
2.3
1.7
-6.1%
Percent Under Contract ........................................
61.4%
38.2%
44.1%
59.5%
-3.2%
Average Median Price for Last 12 Months ........
$626,462
$749,500
$791,333
$721,615
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$679
AUG
$773,000
SEP OCT
MEDIAN SALES PRICE
NOV
$512
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$773 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
San Gabriel DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$617,000
$625,000
$613,000
$737,000
19.4%
Average Price per Square Foot ...........................
$384
$395
$431
$437
13.8%
Properties Sold .......................................................
25
21
20
15
-40.0%
Properties Pending Sale .......................................
28
20
11
20
-28.6%
Properties For Sale ................................................
79
42
56
83
5.1%
Days on Market (Pending Sale) ...........................
63
62
35
31
-50.8%
Month’s Supply of Inventory ................................
3.2
2
2.8
5.5
75.1%
Percent Under Contract ........................................
35.4%
47.6%
19.6%
24.1%
-32.0%
Average Median Price for Last 12 Months ........
$560,231
$682,833
$716,000
$657,846
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$617
AUG
$737,000
SEP OCT
MEDIAN SALES PRICE
NOV
$437
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
San Marino DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,777,000
$2,060,000
$2,118,000
$2,059,000
15.9%
Average Price per Square Foot ...........................
$686
$788
$858
$985
43.6%
Properties Sold .......................................................
14
8
13
9
-35.7%
Properties Pending Sale .......................................
14
5
15
12
-14.3%
Properties For Sale ................................................
17
10
11
27
58.8%
Days on Market (Pending Sale) ...........................
49
41
19
36
-26.5%
Month’s Supply of Inventory ................................
1.2
1.2
0.8
3
147.1%
Percent Under Contract ........................................
82.4%
50.0%
136.4%
44.4%
-46.0%
Average Median Price for Last 12 Months ........
$1,686,154
$2,191,167
$2,056,667
$2,009,846
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.777
AUG
$2,059,000
SEP OCT
MEDIAN SALES PRICE
NOV
$985
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.059 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Sierra Madre DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$820,000
$987,000
$802,000
$745,000
-9.1%
Average Price per Square Foot ...........................
$444
$398
$422
$404
-9.0%
Properties Sold .......................................................
16
9
6
10
-37.5%
Properties Pending Sale .......................................
11
7
14
18
63.6%
Properties For Sale ................................................
17
17
23
21
23.5%
Days on Market (Pending Sale) ...........................
62
92
37
101
62.9%
Month’s Supply of Inventory ................................
1.1
1.9
3.8
2.1
97.6%
Percent Under Contract ........................................
64.7%
41.2%
60.9%
85.7%
32.5%
Average Median Price for Last 12 Months ........
$747,769
$830,167
$793,000
$839,923
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$820
AUG
$745,000
SEP OCT
MEDIAN SALES PRICE
NOV
$404
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
South Pasadena DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,200,000
$783,000
$1,171,000
$1,259,000
4.9%
Average Price per Square Foot ...........................
$465
$532
$586
$649
39.6%
Properties Sold .......................................................
15
11
16
12
-20.0%
Properties Pending Sale .......................................
13
15
11
8
-38.5%
Properties For Sale ................................................
20
17
18
24
20.0%
Days on Market (Pending Sale) ...........................
36
65
47
29
-19.4%
Month’s Supply of Inventory ................................
1.3
1.5
1.1
2
50.0%
Percent Under Contract ........................................
65.0%
88.2%
61.1%
33.3%
-48.7%
Average Median Price for Last 12 Months ........
$953,615
$1,077,500
$1,109,667
$1,000,769
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.200
AUG
$1,259,000
SEP OCT
MEDIAN SALES PRICE
NOV
$649
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.259 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Orange County
Orange County Macro
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Ladera Ranch
San Clemente
Micro Market Report : July 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : July 2014
telesproperties.com
Orange County DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$650,000
$635,700
$675,000
$675,000
3.8%
Average Price per Square Foot ...........................
$380
$369
$413
$408
7.4%
Properties Sold .......................................................
1965
1041
1573
1639
-16.6%
Properties Pending Sale .......................................
1681
1254
1714
1721
2.4%
Properties For Sale ................................................
7,121
5,946
6,863
7,990
12.2%
Days on Market (Pending Sale) ...........................
57
79
63
55
-3.5%
Month’s Supply of Inventory ................................
3.6
5.7
4.4
4.9
34.5%
Percent Under Contract ........................................
23.6%
21.1%
25.0%
21.5%
-8.8%
Average Median Price for Last 12 Months ........
$575,000
$670,908
$678,650
$658,681
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$650
AUG
$675,000
SEP OCT
MEDIAN SALES PRICE
NOV
$408
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Aliso Viejo DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$709,900
$767,500
$713,500
$736,000
3.7%
Average Price per Square Foot ...........................
$346
$330
$359
$357
3.2%
Properties Sold .......................................................
25
16
24
16
-36.0%
Properties Pending Sale .......................................
24
14
24
16
-33.3%
Properties For Sale ................................................
75
66
80
78
4.0%
Days on Market (Pending Sale) ...........................
41
85
53
55
34.1%
Month’s Supply of Inventory ................................
3
4.1
3.3
4.9
62.5%
Percent Under Contract ........................................
32.0%
21.2%
30.0%
20.5%
-35.9%
Average Median Price for Last 12 Months ........
$631,000
$718,167
$731,000
$713,031
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$709
AUG
$736,000
SEP OCT
MEDIAN SALES PRICE
NOV
$357
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$736 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Balboa Peninsula DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$3,475,000
$3,550,000
$3,400,000
$1,800,000
-48.2%
Average Price per Square Foot ...........................
$1,200
$1,012
$1,187
$1,225
2.1%
Properties Sold .......................................................
9
1
5
7
-22.2%
Properties Pending Sale .......................................
9
2
7
11
22.2%
Properties For Sale ................................................
41
36
41
46
12.2%
Days on Market (Pending Sale) ...........................
119
106
68
150
26.1%
Month’s Supply of Inventory ................................
4.6
36
8.2
6.6
44.3%
Percent Under Contract ........................................
22.0%
5.6%
17.1%
23.9%
8.9%
Average Median Price for Last 12 Months ........
$1,958,000
$2,949,000
$2,975,000
$2,996,269
53.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.475
JUL AUG
$1,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,225
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$2,108,750
$2,323,750
$2,907,500
$1,810,000
-14.2%
Average Price per Square Foot ...........................
$765
$1,023
$1,066
$796
4.1%
Properties Sold .......................................................
22
6
12
13
-40.9%
Properties Pending Sale .......................................
17
12
13
11
-35.3%
Properties For Sale ................................................
79
58
62
76
-3.8%
Days on Market (Pending Sale) ...........................
38
94
76
54
42.1%
Month’s Supply of Inventory ................................
3.6
9.7
5.2
5.8
62.8%
Percent Under Contract ........................................
21.5%
20.7%
21.0%
14.5%
-32.7%
Average Median Price for Last 12 Months ........
$2,012,000
$2,371,083
$1,994,667
$2,407,923
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.108
AUG
$1,810,000
SEP OCT
MEDIAN SALES PRICE
NOV
$796
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Coto de Caza DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$980,000
$900,000
$1,274,500
$1,120,000
14.3%
Average Price per Square Foot ...........................
$291
$312
$313
$316
8.6%
Properties Sold .......................................................
33
13
18
17
-48.5%
Properties Pending Sale .......................................
20
19
28
23
15.0%
Properties For Sale ................................................
130
112
128
149
14.6%
Days on Market (Pending Sale) ...........................
46
134
99
76
65.2%
Month’s Supply of Inventory ................................
3.9
8.6
7.1
8.8
122.5%
Percent Under Contract ........................................
15.4%
17.0%
21.9%
15.4%
0.3%
Average Median Price for Last 12 Months ........
$968,000
$1,177,083
$1,152,333
$1,105,631
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$980
AUG
$1,120,000
SEP OCT
MEDIAN SALES PRICE
NOV
$316
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Crystal Cove DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$5,950,000
$5,259,000
$4,400,000
$5,325,000
-10.5%
Average Price per Square Foot ...........................
$980
$1,119
$1,207
$1,072
9.4%
Properties Sold .......................................................
4
1
3
3
-25.0%
Properties Pending Sale .......................................
5
3
2
2
-60.0%
Properties For Sale ................................................
31
17
22
22
-29.0%
Days on Market (Pending Sale) ...........................
100
72
138
60
-40.0%
Month’s Supply of Inventory ................................
7.8
17
7.3
7.3
-5.4%
Percent Under Contract ........................................
16.1%
17.6%
9.1%
9.1%
-43.6%
Average Median Price for Last 12 Months ........
$4,469,000
$4,627,333
$5,108,000
$4,729,577
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$5.950
AUG
$5,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,072
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Dana Point DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$950,000
$775,000
$980,000
$899,900
-5.3%
Average Price per Square Foot ...........................
$504
$417
$527
$527
4.6%
Properties Sold .......................................................
35
17
31
33
-5.7%
Properties Pending Sale .......................................
39
25
27
32
-17.9%
Properties For Sale ................................................
211
147
184
210
-0.5%
Days on Market (Pending Sale) ...........................
58
78
63
93
60.3%
Month’s Supply of Inventory ................................
6
8.6
5.9
6.4
5.6%
Percent Under Contract ........................................
18.5%
17.0%
14.7%
15.2%
-17.6%
Average Median Price for Last 12 Months ........
$793,000
$889,808
$844,800
$902,565
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$899,900
SEP OCT
MEDIAN SALES PRICE
NOV
$527
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
East Bluff - Harbor View DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,710,000
$1,619,000
$1,652,000
$1,774,000
3.7%
Average Price per Square Foot ...........................
$631
$538
$693
$717
13.6%
Properties Sold .......................................................
23
9
18
24
4.3%
Properties Pending Sale .......................................
24
20
16
17
-29.2%
Properties For Sale ................................................
74
67
99
122
64.9%
Days on Market (Pending Sale) ...........................
54
57
35
76
40.7%
Month’s Supply of Inventory ................................
3.2
7.4
5.5
5.1
58.0%
Percent Under Contract ........................................
32.4%
29.9%
16.2%
13.9%
-57.0%
Average Median Price for Last 12 Months ........
$1,491,000
$1,727,250
$1,770,500
$1,703,981
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.710
AUG
$1,774,000
SEP OCT
MEDIAN SALES PRICE
NOV
$717
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
East Costa Mesa DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$950,000
$845,000
$809,500
$917,500
-3.4%
Average Price per Square Foot ...........................
$484
$485
$488
$495
2.3%
Properties Sold .......................................................
18
8
22
15
-16.7%
Properties Pending Sale .......................................
12
15
22
12
0.0%
Properties For Sale ................................................
62
55
67
84
35.5%
Days on Market (Pending Sale) ...........................
30
54
58
32
6.7%
Month’s Supply of Inventory ................................
3.4
6.9
3
5.6
62.6%
Percent Under Contract ........................................
19.4%
27.3%
32.8%
14.3%
-26.2%
Average Median Price for Last 12 Months ........
$773,000
$866,949
$910,065
$870,888
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$917,500
SEP OCT
MEDIAN SALES PRICE
NOV
$495
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$917 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Fountain Valley DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$655,000
$650,000
$685,100
$685,000
4.6%
Average Price per Square Foot ...........................
$322
$341
$325
$341
5.9%
Properties Sold .......................................................
40
23
21
30
-25.0%
Properties Pending Sale .......................................
29
19
26
36
24.1%
Properties For Sale ................................................
68
67
69
99
45.6%
Days on Market (Pending Sale) ...........................
27
47
30
61
125.9%
Month’s Supply of Inventory ................................
1.7
2.9
3.3
3.3
94.1%
Percent Under Contract ........................................
42.6%
28.4%
37.7%
36.4%
-14.7%
Average Median Price for Last 12 Months ........
$598,000
$670,750
$679,467
$663,077
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$655
AUG
$685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$341
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Huntington Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$737,000
$683,000
$740,350
$750,000
1.8%
Average Price per Square Foot ...........................
$431
$433
$412
$431
0.0%
Properties Sold .......................................................
114
56
122
93
-18.4%
Properties Pending Sale .......................................
109
78
124
118
8.3%
Properties For Sale ................................................
382
312
417
484
26.7%
Days on Market (Pending Sale) ...........................
35
50
47
56
60.0%
Month’s Supply of Inventory ................................
3.4
5.6
3.4
5.2
55.3%
Percent Under Contract ........................................
28.5%
25.0%
29.7%
24.4%
-14.6%
Average Median Price for Last 12 Months ........
$656,000
$747,892
$740,833
$735,104
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$737
AUG
$750,000
SEP OCT
MEDIAN SALES PRICE
NOV
$431
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Irvine DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$900,000
$848,500
$900,000
$880,000
-2.2%
Average Price per Square Foot ...........................
$456
$427
$463
$459
0.7%
Properties Sold .......................................................
115
56
91
85
-26.1%
Properties Pending Sale .......................................
117
83
99
109
-6.8%
Properties For Sale ................................................
364
299
386
506
39.0%
Days on Market (Pending Sale) ...........................
44
57
46
54
22.7%
Month’s Supply of Inventory ................................
3.2
5.3
4.2
6
88.1%
Percent Under Contract ........................................
32.1%
27.8%
25.6%
21.5%
-33.0%
Average Median Price for Last 12 Months ........
$831,000
$911,917
$903,000
$897,515
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$900
AUG
$880,000
SEP OCT
MEDIAN SALES PRICE
NOV
$459
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Ladera Ranch DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$832,500
$915,000
$721,000
$880,000
5.7%
Average Price per Square Foot ...........................
$317
$326
$316
$333
5.0%
Properties Sold .......................................................
36
21
20
32
-11.1%
Properties Pending Sale .......................................
32
27
34
35
9.4%
Properties For Sale ................................................
136
88
142
166
22.1%
Days on Market (Pending Sale) ...........................
53
83
53
72
35.8%
Month’s Supply of Inventory ................................
3.8
4.2
7.1
5.2
37.3%
Percent Under Contract ........................................
23.5%
30.7%
23.9%
21.1%
-10.4%
Average Median Price for Last 12 Months ........
$756,000
$836,903
$856,754
$847,436
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$832
AUG
$880,000
SEP OCT
MEDIAN SALES PRICE
NOV
$333
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Laguna Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,770,000
$1,722,500
$1,792,000
$2,150,000
21.5%
Average Price per Square Foot ...........................
$924
$993
$1,146
$918
-0.6%
Properties Sold .......................................................
30
12
42
35
16.7%
Properties Pending Sale .......................................
29
30
38
36
24.1%
Properties For Sale ................................................
258
216
257
275
6.6%
Days on Market (Pending Sale) ...........................
102
109
124
97
-4.9%
Month’s Supply of Inventory ................................
8.6
18
6.1
7.9
-8.6%
Percent Under Contract ........................................
11.2%
13.9%
14.8%
13.1%
16.5%
Average Median Price for Last 12 Months ........
$1,499,000
$2,078,667
$1,953,333
$1,895,942
26.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.770
AUG
$2,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$918
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Laguna Niguel DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$755,000
$790,000
$756,500
$830,000
9.9%
Average Price per Square Foot ...........................
$370
$385
$386
$385
4.1%
Properties Sold .......................................................
67
31
56
49
-26.9%
Properties Pending Sale .......................................
62
40
66
54
-12.9%
Properties For Sale ................................................
215
202
290
353
64.2%
Days on Market (Pending Sale) ...........................
48
62
60
60
25.0%
Month’s Supply of Inventory ................................
3.2
6.5
5.2
7.2
124.5%
Percent Under Contract ........................................
28.8%
19.8%
22.8%
15.3%
-47.0%
Average Median Price for Last 12 Months ........
$701,000
$800,158
$825,983
$796,373
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$755
AUG
$830,000
SEP OCT
MEDIAN SALES PRICE
NOV
$385
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Laguna Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$780,000
$632,500
$629,900
$728,000
-6.7%
Average Price per Square Foot ...........................
$343
$333
$330
$337
-1.7%
Properties Sold .......................................................
23
10
19
29
26.1%
Properties Pending Sale .......................................
27
16
24
23
-14.8%
Properties For Sale ................................................
92
67
109
104
13.0%
Days on Market (Pending Sale) ...........................
48
64
28
72
50.0%
Month’s Supply of Inventory ................................
4
6.7
5.7
3.6
-10.3%
Percent Under Contract ........................................
29.3%
23.9%
22.0%
22.1%
-24.6%
Average Median Price for Last 12 Months ........
$667,000
$709,983
$723,333
$702,685
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$780
AUG
$728,000
SEP OCT
MEDIAN SALES PRICE
NOV
$337
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Laguna Woods DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$617,000
$483,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$346
$287
$0
$0
-100.0%
Properties Sold .......................................................
1
1
0
0
-100.0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
0
0
1
0
0%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0%
0%
0.0%
0%
0%
Average Median Price for Last 12 Months ........
$594,000
$772,000
$0
$633,000
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$617
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$3,995,000
$2,800,000
$3,600,000
$2,975,000
-25.5%
Average Price per Square Foot ...........................
$1,463
$1,090
$1,045
$1,122
-23.3%
Properties Sold .......................................................
2
3
3
3
50.0%
Properties Pending Sale .......................................
5
4
8
2
-60.0%
Properties For Sale ................................................
36
36
50
48
33.3%
Days on Market (Pending Sale) ...........................
67
68
8
78
16.4%
Month’s Supply of Inventory ................................
18
12
16.7
16
-11.1%
Percent Under Contract ........................................
13.9%
11.1%
16.0%
4.2%
-70.0%
Average Median Price for Last 12 Months ........
$2,430,000
$3,240,017
$2,825,867
$3,040,181
25.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.995
JUL AUG
$2,975,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,122
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
16 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Mission Viejo DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$618,000
$599,500
$655,000
$630,000
1.9%
Average Price per Square Foot ...........................
$316
$310
$333
$332
5.1%
Properties Sold .......................................................
106
62
75
83
-21.7%
Properties Pending Sale .......................................
113
72
90
102
-9.7%
Properties For Sale ................................................
296
221
281
350
18.2%
Days on Market (Pending Sale) ...........................
35
61
44
48
37.1%
Month’s Supply of Inventory ................................
2.8
3.6
3.7
4.2
51.0%
Percent Under Contract ........................................
38.2%
32.6%
32.0%
29.1%
-23.7%
Average Median Price for Last 12 Months ........
$561,000
$636,750
$640,500
$629,731
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$618
AUG
$630,000
SEP OCT
MEDIAN SALES PRICE
NOV
$332
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Newport Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,675,000
$1,965,000
$1,887,000
$1,775,000
6.0%
Average Price per Square Foot ...........................
$758
$698
$824
$811
7.0%
Properties Sold .......................................................
63
25
54
64
1.6%
Properties Pending Sale .......................................
58
43
65
54
-6.9%
Properties For Sale ................................................
275
241
343
370
34.5%
Days on Market (Pending Sale) ...........................
61
73
72
88
44.3%
Month’s Supply of Inventory ................................
4.4
9.6
6.4
5.8
32.4%
Percent Under Contract ........................................
21.1%
17.8%
19.0%
14.6%
-30.8%
Average Median Price for Last 12 Months ........
$1,553,000
$1,794,417
$1,793,333
$1,804,923
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.675
AUG
$1,775,000
SEP OCT
MEDIAN SALES PRICE
NOV
$811
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.775 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 : July 2014
telesproperties.com
Newport Coast DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$3,007,500
$4,215,000
$3,850,000
$3,012,500
0.2%
Average Price per Square Foot ...........................
$832
$861
$908
$908
9.1%
Properties Sold .......................................................
14
10
11
14
0.0%
Properties Pending Sale .......................................
15
11
9
10
-33.3%
Properties For Sale ................................................
99
67
96
104
5.1%
Days on Market (Pending Sale) ...........................
67
70
67
74
10.4%
Month’s Supply of Inventory ................................
7.1
6.7
8.7
7.4
5.1%
Percent Under Contract ........................................
15.2%
16.4%
9.4%
9.6%
-36.5%
Average Median Price for Last 12 Months ........
$2,649,000
$3,059,042
$3,035,583
$2,949,327
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.007
AUG
$3,012,500
SEP OCT
MEDIAN SALES PRICE
NOV
$908
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.012 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Newport Heights DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,350,000
$2,016,500
$2,100,000
$2,069,450
53.3%
Average Price per Square Foot ...........................
$574
$568
$791
$654
13.9%
Properties Sold .......................................................
7
2
11
5
-28.6%
Properties Pending Sale .......................................
6
2
11
4
-33.3%
Properties For Sale ................................................
33
22
30
38
15.2%
Days on Market (Pending Sale) ...........................
16
118
53
23
43.8%
Month’s Supply of Inventory ................................
4.7
11
2.7
7.6
61.2%
Percent Under Contract ........................................
18.2%
9.1%
36.7%
10.5%
-42.1%
Average Median Price for Last 12 Months ........
$1,448,000
$1,900,136
$2,136,939
$1,749,433
20.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.350
AUG
$2,069,450
SEP OCT
MEDIAN SALES PRICE
NOV
$654
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.069 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Rancho Santa Margarita DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$647,725
$635,000
$660,000
$649,888
0.3%
Average Price per Square Foot ...........................
$310
$297
$311
$333
7.4%
Properties Sold .......................................................
46
27
37
49
6.5%
Properties Pending Sale .......................................
49
43
36
43
-12.2%
Properties For Sale ................................................
143
112
137
191
33.6%
Days on Market (Pending Sale) ...........................
29
47
62
61
110.3%
Month’s Supply of Inventory ................................
3.1
4.1
3.7
3.9
25.4%
Percent Under Contract ........................................
34.3%
38.4%
26.3%
22.5%
-34.3%
Average Median Price for Last 12 Months ........
$578,000
$655,065
$652,796
$641,701
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$647
AUG
$649,888
SEP OCT
MEDIAN SALES PRICE
NOV
$333
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
San Clemente DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$812,500
$768,000
$817,000
$855,000
5.2%
Average Price per Square Foot ...........................
$364
$326
$397
$384
5.5%
Properties Sold .......................................................
62
41
63
65
4.8%
Properties Pending Sale .......................................
58
50
62
64
10.3%
Properties For Sale ................................................
320
231
283
361
12.8%
Days on Market (Pending Sale) ...........................
46
53
62
50
8.7%
Month’s Supply of Inventory ................................
5.2
5.6
4.5
5.6
7.6%
Percent Under Contract ........................................
18.1%
21.6%
21.9%
17.7%
-2.2%
Average Median Price for Last 12 Months ........
$751,000
$822,583
$834,167
$821,308
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$812
AUG
$855,000
SEP OCT
MEDIAN SALES PRICE
NOV
$384
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
San Juan Capistrano DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$751,700
$756,000
$530,000
$680,000
-9.5%
Average Price per Square Foot ...........................
$336
$329
$345
$356
6.0%
Properties Sold .......................................................
35
26
23
25
-28.6%
Properties Pending Sale .......................................
34
24
35
32
-5.9%
Properties For Sale ................................................
149
124
136
153
2.7%
Days on Market (Pending Sale) ...........................
73
94
91
87
19.2%
Month’s Supply of Inventory ................................
4.3
4.8
5.9
6.1
43.8%
Percent Under Contract ........................................
22.8%
19.4%
25.7%
20.9%
-8.3%
Average Median Price for Last 12 Months ........
$677,000
$888,333
$791,667
$842,131
24.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$751
AUG
$680,000
SEP OCT
MEDIAN SALES PRICE
NOV
$356
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Shady Canyon DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$4,300,000
$0
$3,850,000
$0
-100.0%
Average Price per Square Foot ...........................
$717
$0
$802
$0
-100.0%
Properties Sold .......................................................
1
0
1
0
-100.0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
8
8
4
3
-62.5%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
8
0
4
0
0%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$5,264,000
$4,506,333
$4,050,000
$4,823,800
-8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$4.300
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Turtle Ridge DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,980,000
$2,282,596
$2,693,400
$2,450,000
23.7%
Average Price per Square Foot ...........................
$660
$642
$707
$681
3.2%
Properties Sold .......................................................
7
3
2
1
-85.7%
Properties Pending Sale .......................................
3
2
2
7
133.3%
Properties For Sale ................................................
21
26
32
32
52.4%
Days on Market (Pending Sale) ...........................
29
102
36
125
331.0%
Month’s Supply of Inventory ................................
3
8.7
16
32
966.7%
Percent Under Contract ........................................
14.3%
7.7%
6.2%
21.9%
53.1%
Average Median Price for Last 12 Months ........
$2,014,000
$2,544,733
$2,566,667
$2,488,833
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.980
AUG
$2,450,000
SEP OCT
MEDIAN SALES PRICE
NOV
$681
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
32 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Turtle Rock DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,487,000
$1,600,888
$0
$0
-100.0%
Average Price per Square Foot ...........................
$493
$552
$0
$0
-100.0%
Properties Sold .......................................................
3
1
0
0
-100.0%
Properties Pending Sale .......................................
2
0
0
0
-100.0%
Properties For Sale ................................................
15
5
4
3
-80.0%
Days on Market (Pending Sale) ...........................
33
0
0
0
-100.0%
Month’s Supply of Inventory ................................
5
5
0
0
0%
Percent Under Contract ........................................
13.3%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,201,000
$1,390,000
$0
$1,713,541
42.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.487
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Westminster DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$525,500
$497,000
$547,500
$530,000
0.9%
Average Price per Square Foot ...........................
$308
$347
$275
$315
2.3%
Properties Sold .......................................................
45
19
38
44
-2.2%
Properties Pending Sale .......................................
38
31
28
41
7.9%
Properties For Sale ................................................
124
107
120
137
10.5%
Days on Market (Pending Sale) ...........................
33
37
40
53
60.6%
Month’s Supply of Inventory ................................
2.8
5.6
3.2
3.1
13.0%
Percent Under Contract ........................................
30.6%
29.0%
23.3%
29.9%
-2.3%
Average Median Price for Last 12 Months ........
$445,000
$526,741
$526,148
$514,726
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$525
AUG
$530,000
SEP OCT
MEDIAN SALES PRICE
NOV
$315
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,500,000
$1,850,000
$1,350,000
$1,385,000
-7.7%
Average Price per Square Foot ...........................
$574
$516
$587
$632
10.1%
Properties Sold .......................................................
13
4
11
14
7.7%
Properties Pending Sale .......................................
7
6
9
13
85.7%
Properties For Sale ................................................
37
40
60
65
75.7%
Days on Market (Pending Sale) ...........................
52
102
68
82
57.7%
Month’s Supply of Inventory ................................
2.8
10
5.5
4.6
63.1%
Percent Under Contract ........................................
18.9%
15.0%
15.0%
20.0%
5.7%
Average Median Price for Last 12 Months ........
$1,278,000
$1,473,917
$1,451,667
$1,498,385
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.500
AUG
$1,385,000
SEP OCT
MEDIAN SALES PRICE
NOV
$632
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.385 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
West Newport - Lido DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,317,500
$1,590,000
$2,447,500
$1,925,000
46.1%
Average Price per Square Foot ...........................
$996
$991
$1,250
$1,013
1.7%
Properties Sold .......................................................
8
6
6
11
37.5%
Properties Pending Sale .......................................
5
9
14
7
40.0%
Properties For Sale ................................................
52
40
63
51
-1.9%
Days on Market (Pending Sale) ...........................
75
73
84
70
-6.7%
Month’s Supply of Inventory ................................
6.5
6.7
10.5
4.6
-28.7%
Percent Under Contract ........................................
9.6%
22.5%
22.2%
13.7%
42.7%
Average Median Price for Last 12 Months ........
$1,792,000
$2,212,000
$2,070,833
$2,102,627
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.317
AUG
$1,925,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,013
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.925 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 : July 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : July 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : July 2014
telesproperties.com
Carpinteria DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$844,500
$840,730
$845,000
$888,000
5.2%
Average Price per Square Foot ...........................
$524
$630
$1,283
$1,203
129.6%
Properties Sold .......................................................
4
1
5
5
25.0%
Properties Pending Sale .......................................
9
2
4
5
-44.4%
Properties For Sale ................................................
54
34
33
44
-18.5%
Days on Market (Pending Sale) ...........................
67
15
85
63
-6.0%
Month’s Supply of Inventory ................................
13.5
34
6.6
8.8
-34.8%
Percent Under Contract ........................................
16.7%
5.9%
12.1%
11.4%
-31.8%
Average Median Price for Last 12 Months ........
$972,000
$1,682,042
$1,823,750
$1,335,419
37.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$844
AUG
$888,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,203
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$888 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Goleta DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$775,000
$899,000
$765,000
$775,000
0.0%
Average Price per Square Foot ...........................
$428
$525
$487
$435
1.6%
Properties Sold .......................................................
11
5
13
10
-9.1%
Properties Pending Sale .......................................
15
6
10
9
-40.0%
Properties For Sale ................................................
34
20
18
33
-2.9%
Days on Market (Pending Sale) ...........................
26
46
48
17
-34.6%
Month’s Supply of Inventory ................................
3.1
4
1.4
3.3
6.8%
Percent Under Contract ........................................
44.1%
30.0%
55.6%
27.3%
-38.2%
Average Median Price for Last 12 Months ........
$702,000
$796,500
$808,000
$787,577
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$775
AUG
$775,000
SEP OCT
MEDIAN SALES PRICE
NOV
$435
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Hope Ranch DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,630,500
$3,640,000
$3,250,000
$2,105,000
29.1%
Average Price per Square Foot ...........................
$781
$999
$590
$1,018
30.3%
Properties Sold .......................................................
4
2
3
4
0.0%
Properties Pending Sale .......................................
1
4
4
4
300.0%
Properties For Sale ................................................
27
33
37
35
29.6%
Days on Market (Pending Sale) ...........................
16
118
368
90
462.5%
Month’s Supply of Inventory ................................
6.8
16.5
12.3
8.7
29.6%
Percent Under Contract ........................................
3.7%
12.1%
10.8%
11.4%
208.6%
Average Median Price for Last 12 Months ........
$2,611,000
$3,199,708
$2,355,833
$2,956,442
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.630
AUG
$2,105,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,018
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.105 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Montecito DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,900,000
$2,165,000
$2,987,500
$3,650,000
92.1%
Average Price per Square Foot ...........................
$771
$822
$957
$1,241
61.0%
Properties Sold .......................................................
22
19
20
23
4.5%
Properties Pending Sale .......................................
16
10
24
25
56.2%
Properties For Sale ................................................
200
144
183
178
-11.0%
Days on Market (Pending Sale) ...........................
59
78
82
44
-25.4%
Month’s Supply of Inventory ................................
9.1
7.6
9.2
7.7
-14.9%
Percent Under Contract ........................................
8.0%
6.9%
13.1%
14.0%
75.6%
Average Median Price for Last 12 Months ........
$2,321,000
$2,857,500
$3,145,833
$2,558,712
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.900
AUG
$3,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,241
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.650 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 : July 2014
telesproperties.com
Santa Barbara East of State DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$943,280
$1,112,500
$1,150,000
$1,080,000
14.5%
Average Price per Square Foot ...........................
$588
$573
$675
$658
11.9%
Properties Sold .......................................................
28
26
25
21
-25.0%
Properties Pending Sale .......................................
21
16
41
23
9.5%
Properties For Sale ................................................
144
92
127
136
-5.6%
Days on Market (Pending Sale) ...........................
37
77
54
51
37.8%
Month’s Supply of Inventory ................................
5.1
3.5
5.1
6.5
25.9%
Percent Under Contract ........................................
14.6%
17.4%
32.3%
16.9%
16.0%
Average Median Price for Last 12 Months ........
$926,000
$1,235,667
$1,233,667
$1,150,752
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$943
AUG
$1,080,000
SEP OCT
MEDIAN SALES PRICE
NOV
$658
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Santa Barbara West of State DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$925,000
$1,055,000
$967,500
$800,000
-13.5%
Average Price per Square Foot ...........................
$557
$616
$641
$594
6.6%
Properties Sold .......................................................
25
20
18
19
-24.0%
Properties Pending Sale .......................................
24
15
26
22
-8.3%
Properties For Sale ................................................
76
55
71
71
-6.6%
Days on Market (Pending Sale) ...........................
62
25
39
31
-50.0%
Month’s Supply of Inventory ................................
3
2.8
3.9
3.7
22.9%
Percent Under Contract ........................................
31.6%
27.3%
36.6%
31.0%
-1.9%
Average Median Price for Last 12 Months ........
$744,000
$903,750
$866,667
$914,308
22.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$925
AUG
$800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$594
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Santa Ynez DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$600,000
$992,500
$582,500
$875,000
45.8%
Average Price per Square Foot ...........................
$913
$588
$297
$349
-61.8%
Properties Sold .......................................................
15
4
7
13
-13.3%
Properties Pending Sale .......................................
16
12
12
10
-37.5%
Properties For Sale ................................................
118
103
118
119
0.8%
Days on Market (Pending Sale) ...........................
73
73
97
101
38.4%
Month’s Supply of Inventory ................................
7.9
25.8
16.9
9.2
16.4%
Percent Under Contract ........................................
13.6%
11.7%
10.2%
8.4%
-38.0%
Average Median Price for Last 12 Months ........
$688,000
$711,250
$770,000
$702,308
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$600
AUG
$875,000
SEP OCT
MEDIAN SALES PRICE
NOV
$349
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : July 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : July 2014
telesproperties.com
Carmel DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,362,500
$1,816,875
$1,395,000
$1,325,000
-2.8%
Average Price per Square Foot ...........................
$639
$1,081
$878
$823
28.8%
Properties Sold .......................................................
20
12
20
25
25.0%
Properties Pending Sale .......................................
19
22
36
28
47.4%
Properties For Sale ................................................
178
146
156
144
-19.1%
Days on Market (Pending Sale) ...........................
109
109
70
96
-11.9%
Month’s Supply of Inventory ................................
8.9
12.2
7.8
5.8
-35.3%
Percent Under Contract ........................................
10.7%
15.1%
23.1%
19.4%
82.2%
Average Median Price for Last 12 Months ........
$1,233,000
$1,359,167
$1,307,500
$1,342,471
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.362
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$823
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Carmel Valley DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$837,500
$1,150,000
$832,000
$812,000
-3.0%
Average Price per Square Foot ...........................
$495
$453
$516
$346
-30.1%
Properties Sold .......................................................
17
5
16
14
-17.6%
Properties Pending Sale .......................................
9
11
17
12
33.3%
Properties For Sale ................................................
105
89
95
100
-4.8%
Days on Market (Pending Sale) ...........................
80
159
90
134
67.5%
Month’s Supply of Inventory ................................
6.2
17.8
5.9
7.1
15.6%
Percent Under Contract ........................................
8.6%
12.4%
17.9%
12.0%
40.0%
Average Median Price for Last 12 Months ........
$847,000
$973,208
$865,333
$1,013,635
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$837
AUG
$812,000
SEP OCT
MEDIAN SALES PRICE
NOV
$346
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$812 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Pacific Grove DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$737,000
$772,250
$725,000
$713,500
-3.2%
Average Price per Square Foot ...........................
$426
$538
$538
$578
35.7%
Properties Sold .......................................................
15
14
15
13
-13.3%
Properties Pending Sale .......................................
15
5
21
15
0.0%
Properties For Sale ................................................
70
50
63
59
-15.7%
Days on Market (Pending Sale) ...........................
130
26
67
73
-43.8%
Month’s Supply of Inventory ................................
4.7
3.6
4.2
4.5
-2.7%
Percent Under Contract ........................................
21.4%
10.0%
33.3%
25.4%
18.6%
Average Median Price for Last 12 Months ........
$630,000
$716,034
$715,333
$726,508
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$737
AUG
$713,500
SEP OCT
MEDIAN SALES PRICE
NOV
$578
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$713 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Pebble Beach DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,237,500
$1,918,000
$1,350,000
$1,650,000
33.3%
Average Price per Square Foot ...........................
$538
$744
$595
$615
14.3%
Properties Sold .......................................................
12
6
11
11
-8.3%
Properties Pending Sale .......................................
14
14
13
12
-14.3%
Properties For Sale ................................................
105
85
75
96
-8.6%
Days on Market (Pending Sale) ...........................
87
134
106
67
-23.0%
Month’s Supply of Inventory ................................
8.7
14.2
6.8
8.7
-0.3%
Percent Under Contract ........................................
13.3%
16.5%
17.3%
12.5%
-6.2%
Average Median Price for Last 12 Months ........
$1,287,000
$1,427,333
$1,459,167
$1,447,863
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.237
AUG
$1,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$615
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : July 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : July 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$711,500
$495,000
$730,000
$615,000
-13.6%
Average Price per Square Foot ...........................
$518
$524
$503
$441
-14.9%
Properties Sold .......................................................
7
5
9
7
0.0%
Properties Pending Sale .......................................
7
6
6
12
71.4%
Properties For Sale ................................................
30
25
29
37
23.3%
Days on Market (Pending Sale) ...........................
38
88
28
56
47.4%
Month’s Supply of Inventory ................................
4.3
5
3.2
5.3
23.3%
Percent Under Contract ........................................
23.3%
24.0%
20.7%
32.4%
39.0%
Average Median Price for Last 12 Months ........
$540,000
$649,167
$583,500
$678,692
25.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$711
AUG
$615,000
SEP OCT
MEDIAN SALES PRICE
NOV
$441
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Beverly Hills DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$880,000
$1,250,000
$1,015,000
$955,000
8.5%
Average Price per Square Foot ...........................
$1,020
$1,214
$612
$561
-45.0%
Properties Sold .......................................................
9
5
9
6
-33.3%
Properties Pending Sale .......................................
11
10
15
11
0.0%
Properties For Sale ................................................
47
50
52
59
25.5%
Days on Market (Pending Sale) ...........................
56
65
70
65
16.1%
Month’s Supply of Inventory ................................
5.2
10
5.8
9.8
88.3%
Percent Under Contract ........................................
23.4%
20.0%
28.8%
18.6%
-20.3%
Average Median Price for Last 12 Months ........
$857,000
$1,023,917
$996,833
$984,000
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$880
AUG
$955,000
SEP OCT
MEDIAN SALES PRICE
NOV
$561
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Brentwood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$710,000
$818,500
$803,500
$758,500
6.8%
Average Price per Square Foot ...........................
$498
$483
$524
$514
3.2%
Properties Sold .......................................................
18
10
17
10
-44.4%
Properties Pending Sale .......................................
16
14
22
25
56.2%
Properties For Sale ................................................
74
56
78
107
44.6%
Days on Market (Pending Sale) ...........................
38
42
40
33
-13.2%
Month’s Supply of Inventory ................................
4.1
5.6
4.6
10.7
160.3%
Percent Under Contract ........................................
21.6%
25.0%
28.2%
23.4%
8.1%
Average Median Price for Last 12 Months ........
$678,000
$749,083
$701,000
$728,577
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$710
AUG
$758,500
SEP OCT
MEDIAN SALES PRICE
NOV
$514
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$758 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Culver City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$431,250
$377,000
$350,000
$407,500
-5.5%
Average Price per Square Foot ...........................
$356
$387
$370
$399
12.1%
Properties Sold .......................................................
22
8
14
22
0.0%
Properties Pending Sale .......................................
14
12
14
17
21.4%
Properties For Sale ................................................
39
41
46
48
23.1%
Days on Market (Pending Sale) ...........................
21
19
20
56
166.7%
Month’s Supply of Inventory ................................
1.8
5.1
3.3
2.2
23.1%
Percent Under Contract ........................................
35.9%
29.3%
30.4%
35.4%
-1.3%
Average Median Price for Last 12 Months ........
$347,000
$409,458
$411,750
$408,308
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$431
AUG
$407,500
SEP OCT
MEDIAN SALES PRICE
NOV
$399
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$407 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Encino DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$295,000
$255,000
$329,000
$255,000
-13.6%
Average Price per Square Foot ...........................
$264
$243
$255
$416
57.6%
Properties Sold .......................................................
19
11
20
12
-36.8%
Properties Pending Sale .......................................
13
16
20
17
30.8%
Properties For Sale ................................................
23
37
51
42
82.6%
Days on Market (Pending Sale) ...........................
38
65
50
79
107.9%
Month’s Supply of Inventory ................................
1.2
3.4
2.6
3.5
189.1%
Percent Under Contract ........................................
56.5%
43.2%
39.2%
40.5%
-28.4%
Average Median Price for Last 12 Months ........
$238,615
$304,333
$279,000
$297,692
24.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$295
AUG
$255,000
SEP OCT
MEDIAN SALES PRICE
NOV
$416
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$255 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Malibu DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$582,500
$499,000
$1,075,000
$589,000
1.1%
Average Price per Square Foot ...........................
$525
$441
$812
$576
9.7%
Properties Sold .......................................................
4
3
2
3
-25.0%
Properties Pending Sale .......................................
3
1
5
3
0.0%
Properties For Sale ................................................
20
20
20
22
10.0%
Days on Market (Pending Sale) ...........................
100
72
37
60
-40.0%
Month’s Supply of Inventory ................................
5
6.7
10
7.3
46.7%
Percent Under Contract ........................................
15.0%
5.0%
25.0%
13.6%
-9.1%
Average Median Price for Last 12 Months ........
$636,000
$812,917
$799,667
$776,364
22.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$582
AUG
$589,000
SEP OCT
MEDIAN SALES PRICE
NOV
$576
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$589 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Marina Del Rey DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$862,500
$719,900
$765,000
$767,500
-11.0%
Average Price per Square Foot ...........................
$626
$640
$591
$560
-10.5%
Properties Sold .......................................................
29
17
25
34
17.2%
Properties Pending Sale .......................................
24
18
33
34
41.7%
Properties For Sale ................................................
140
128
141
121
-13.6%
Days on Market (Pending Sale) ...........................
68
80
76
63
-7.4%
Month’s Supply of Inventory ................................
4.8
7.5
5.6
3.6
-26.3%
Percent Under Contract ........................................
17.1%
14.1%
23.4%
28.1%
63.9%
Average Median Price for Last 12 Months ........
$661,000
$766,167
$792,500
$749,235
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$862
AUG
$767,500
SEP OCT
MEDIAN SALES PRICE
NOV
$560
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$767 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Santa Monica DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$830,000
$775,000
$767,500
$872,500
5.1%
Average Price per Square Foot ...........................
$629
$811
$715
$804
27.8%
Properties Sold .......................................................
28
17
42
36
28.6%
Properties Pending Sale .......................................
43
32
42
43
0.0%
Properties For Sale ................................................
107
106
135
165
54.2%
Days on Market (Pending Sale) ...........................
31
60
39
32
3.2%
Month’s Supply of Inventory ................................
3.8
6.2
3.2
4.6
19.9%
Percent Under Contract ........................................
40.2%
30.2%
31.1%
26.1%
-35.2%
Average Median Price for Last 12 Months ........
$721,000
$857,800
$975,667
$825,888
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$830
AUG
$872,500
SEP OCT
MEDIAN SALES PRICE
NOV
$804
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Sherman Oaks DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$368,000
$450,000
$375,000
$390,000
6.0%
Average Price per Square Foot ...........................
$285
$304
$312
$311
9.1%
Properties Sold .......................................................
20
15
18
16
-20.0%
Properties Pending Sale .......................................
23
13
26
33
43.5%
Properties For Sale ................................................
29
34
52
51
75.9%
Days on Market (Pending Sale) ...........................
34
50
52
56
64.7%
Month’s Supply of Inventory ................................
1.4
2.3
2.9
3.2
119.8%
Percent Under Contract ........................................
79.3%
38.2%
50.0%
64.7%
-18.4%
Average Median Price for Last 12 Months ........
$320,077
$394,167
$402,667
$391,308
22.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$368
AUG
$390,000
SEP OCT
MEDIAN SALES PRICE
NOV
$311
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 : July 2014
telesproperties.com
Studio City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$510,000
$525,000
$450,000
$529,000
3.7%
Average Price per Square Foot ...........................
$342
$397
$396
$381
11.4%
Properties Sold .......................................................
13
6
8
15
15.4%
Properties Pending Sale .......................................
11
11
6
13
18.2%
Properties For Sale ................................................
16
24
33
28
75.0%
Days on Market (Pending Sale) ...........................
41
54
77
64
56.1%
Month’s Supply of Inventory ................................
1.2
4
4.1
1.9
51.7%
Percent Under Contract ........................................
68.8%
45.8%
18.2%
46.4%
-32.5%
Average Median Price for Last 12 Months ........
$432,077
$478,833
$504,667
$470,769
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$510
AUG
$529,000
SEP OCT
MEDIAN SALES PRICE
NOV
$381
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$529 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Venice DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,275,000
$0
$1,101,300
$1,385,000
8.6%
Average Price per Square Foot ...........................
$788
$0
$786
$672
-14.7%
Properties Sold .......................................................
6
0
5
2
-66.7%
Properties Pending Sale .......................................
3
5
2
2
-33.3%
Properties For Sale ................................................
18
13
13
20
11.1%
Days on Market (Pending Sale) ...........................
106
95
6
54
-49.1%
Month’s Supply of Inventory ................................
3
0
2.6
10
233.3%
Percent Under Contract ........................................
16.7%
38.5%
15.4%
10.0%
-40.0%
Average Median Price for Last 12 Months ........
$1,100,000
$1,203,300
$1,388,167
$1,129,442
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.275
AUG
$1,385,000
SEP OCT
MEDIAN SALES PRICE
NOV
$672
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.385 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
West Hollywood DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$505,000
$630,000
$645,000
$590,000
16.8%
Average Price per Square Foot ...........................
$506
$559
$579
$513
1.4%
Properties Sold .......................................................
40
17
33
35
-12.5%
Properties Pending Sale .......................................
41
31
32
31
-24.4%
Properties For Sale ................................................
141
122
140
138
-2.1%
Days on Market (Pending Sale) ...........................
49
36
45
49
0.0%
Month’s Supply of Inventory ................................
3.5
7.2
4.2
3.9
11.9%
Percent Under Contract ........................................
29.1%
25.4%
22.9%
22.5%
-22.7%
Average Median Price for Last 12 Months ........
$493,000
$620,458
$610,000
$605,558
22.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$505
AUG
$590,000
SEP OCT
MEDIAN SALES PRICE
NOV
$513
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
West LA DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$704,500
$570,000
$575,000
$596,000
-15.4%
Average Price per Square Foot ...........................
$447
$416
$465
$483
8.1%
Properties Sold .......................................................
14
9
15
21
50.0%
Properties Pending Sale .......................................
19
13
11
17
-10.5%
Properties For Sale ................................................
52
42
56
55
5.8%
Days on Market (Pending Sale) ...........................
39
48
27
38
-2.6%
Month’s Supply of Inventory ................................
3.7
4.7
3.7
2.6
-29.5%
Percent Under Contract ........................................
36.5%
31.0%
19.6%
30.9%
-15.4%
Average Median Price for Last 12 Months ........
$613,000
$627,583
$665,500
$646,942
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $704
JUL AUG
$596,000
SEP OCT
MEDIAN SALES PRICE
NOV
$483
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$596 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
Westwood - Century City DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$660,000
$675,000
$749,000
$798,000
20.9%
Average Price per Square Foot ...........................
$574
$530
$708
$796
38.7%
Properties Sold .......................................................
41
23
41
47
14.6%
Properties Pending Sale .......................................
60
52
46
48
-20.0%
Properties For Sale ................................................
279
269
280
304
9.0%
Days on Market (Pending Sale) ...........................
42
56
76
53
26.2%
Month’s Supply of Inventory ................................
6.8
11.7
6.8
6.5
-4.9%
Percent Under Contract ........................................
21.5%
19.3%
16.4%
15.8%
-26.6%
Average Median Price for Last 12 Months ........
$645,000
$772,844
$777,333
$746,892
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$660
AUG
$798,000
SEP OCT
MEDIAN SALES PRICE
NOV
$796
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$798 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2014
telesproperties.com
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