micro market report luxury real estate market research July 2015 | 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
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Alhambra
Laurel Canyon
Westwood - Century City
San Fernando Macro
Altadena
Los Feliz
South Bay Macro
Burbank
Arcadia
Malibu
El Segundo
Encino
Duarte
Malibu Beach
Hermosa Beach
Glendale
Eagle Rock
Marina del Rey
Manhattan Beach
La Crescenta
La Canada Flintridge
Micro Market Report : July 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : July 2015
telesproperties.com
Los Angeles County DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$542,000
$498,500
$535,000
$555,975
2.6%
Average Price per Square Foot ...........................
$424
$407
$422
$428
0.9%
Properties Sold .......................................................
4372
2684
4470
5003
14.4%
Properties Pending Sale .......................................
4098
3797
5531
5391
31.6%
Properties For Sale ................................................
21,023
16,372
18,014
19,900
-5.3%
Days on Market (Pending Sale) ...........................
56
56
50
42
-25.0%
Month’s Supply of Inventory ................................
4.8
6.1
4
4
-17.3%
Percent Under Contract ........................................
19.5%
23.2%
30.7%
27.1%
39.0%
Average Median Price for Last 12 Months ........
$614,000
$533,374
$547,992
$528,365
-16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$542
AUG
$555,975
SEP OCT
MEDIAN SALES PRICE
NOV
$428
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,058,000
$2,950,000
$2,377,500
$1,655,000
-19.6%
Average Price per Square Foot ...........................
$838
$967
$1,845
$777
-7.3%
Properties Sold .......................................................
13
15
10
19
46.2%
Properties Pending Sale .......................................
8
18
19
12
50.0%
Properties For Sale ................................................
119
113
118
120
0.8%
Days on Market (Pending Sale) ...........................
44
105
42
42
-4.5%
Month’s Supply of Inventory ................................
9.2
7.5
11.8
6.3
-31.0%
Percent Under Contract ........................................
6.7%
15.9%
16.1%
10.0%
48.8%
Average Median Price for Last 12 Months ........
$1,872,000
$2,228,542
$2,144,583
$2,193,335
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.058
AUG
$1,655,000
SEP OCT
MEDIAN SALES PRICE
NOV
$777
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,314,500
$1,265,000
$1,470,000
$1,852,000
40.9%
Average Price per Square Foot ...........................
$645
$607
$643
$767
18.9%
Properties Sold .......................................................
17
8
20
19
11.8%
Properties Pending Sale .......................................
19
16
21
19
0.0%
Properties For Sale ................................................
75
69
66
75
0.0%
Days on Market (Pending Sale) ...........................
35
41
26
36
2.9%
Month’s Supply of Inventory ................................
4.4
8.6
3.3
3.9
-10.5%
Percent Under Contract ........................................
25.3%
23.2%
31.8%
25.3%
0.0%
Average Median Price for Last 12 Months ........
$1,218,000
$1,500,417
$1,590,667
$1,424,369
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.314
AUG
$1,852,000
SEP OCT
MEDIAN SALES PRICE
NOV
$767
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.852 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Beverly Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$3,050,000
$5,900,000
$6,150,000
$4,880,000
60.0%
Average Price per Square Foot ...........................
$1,070
$1,606
$1,238
$1,418
32.5%
Properties Sold .......................................................
11
12
20
17
54.5%
Properties Pending Sale .......................................
14
10
17
11
-21.4%
Properties For Sale ................................................
95
83
97
79
-16.8%
Days on Market (Pending Sale) ...........................
46
81
47
104
126.1%
Month’s Supply of Inventory ................................
8.6
6.9
4.8
4.6
-46.2%
Percent Under Contract ........................................
14.7%
12.0%
17.5%
13.9%
-5.5%
Average Median Price for Last 12 Months ........
$4,752,000
$4,934,583
$4,934,167
$4,579,423
-3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.050
AUG
$4,880,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,418
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.880 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 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,960,000
$2,950,000
$2,300,000
$2,863,000
-3.3%
Average Price per Square Foot ...........................
$916
$817
$775
$1,109
21.1%
Properties Sold .......................................................
12
5
12
14
16.7%
Properties Pending Sale .......................................
15
13
14
14
-6.7%
Properties For Sale ................................................
132
125
139
141
6.8%
Days on Market (Pending Sale) ...........................
93
89
76
97
4.3%
Month’s Supply of Inventory ................................
11
25
11.6
10.1
-8.4%
Percent Under Contract ........................................
11.4%
10.4%
10.1%
9.9%
-12.6%
Average Median Price for Last 12 Months ........
$2,175,000
$2,437,167
$2,974,333
$2,700,731
19.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.960
AUG
$2,863,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,109
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.863 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Beverlywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,029,000
$977,000
$960,000
$1,348,000
31.0%
Average Price per Square Foot ...........................
$580
$650
$626
$693
19.5%
Properties Sold .......................................................
19
15
15
18
-5.3%
Properties Pending Sale .......................................
21
22
18
24
14.3%
Properties For Sale ................................................
67
46
52
58
-13.4%
Days on Market (Pending Sale) ...........................
46
47
44
25
-45.7%
Month’s Supply of Inventory ................................
3.5
3.1
3.5
3.2
-8.6%
Percent Under Contract ........................................
31.3%
47.8%
34.6%
41.4%
32.0%
Average Median Price for Last 12 Months ........
$875,000
$1,025,583
$1,178,500
$991,817
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.029
AUG
$1,348,000
SEP OCT
MEDIAN SALES PRICE
NOV
$693
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.348 M E 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 2015
telesproperties.com
Brentwood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,717,500
$2,600,500
$3,287,500
$2,348,250
-13.6%
Average Price per Square Foot ...........................
$909
$1,045
$948
$1,028
13.1%
Properties Sold .......................................................
20
10
22
22
10.0%
Properties Pending Sale .......................................
19
11
24
26
36.8%
Properties For Sale ................................................
108
87
131
134
24.1%
Days on Market (Pending Sale) ...........................
56
41
55
60
7.1%
Month’s Supply of Inventory ................................
5.4
8.7
6
6.1
12.8%
Percent Under Contract ........................................
17.6%
12.6%
18.3%
19.4%
10.3%
Average Median Price for Last 12 Months ........
$2,437,000
$2,905,274
$2,591,083
$2,739,653
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.717
AUG
$2,348,250
SEP OCT
MEDIAN SALES PRICE
NOV
$1,028
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.348 M E 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,395,000
$1,300,000
$1,487,500
$1,685,000
20.8%
Average Price per Square Foot ...........................
$746
$765
$721
$751
0.7%
Properties Sold .......................................................
7
8
8
7
0.0%
Properties Pending Sale .......................................
9
2
7
9
0.0%
Properties For Sale ................................................
27
17
28
22
-18.5%
Days on Market (Pending Sale) ...........................
26
80
40
31
19.2%
Month’s Supply of Inventory ................................
3.9
2.1
3.5
3.1
-18.5%
Percent Under Contract ........................................
33.3%
11.8%
25.0%
40.9%
22.7%
Average Median Price for Last 12 Months ........
$1,510,000
$1,685,333
$1,875,500
$1,626,731
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.395
AUG
$1,685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$751
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.685 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Culver City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$893,250
$1,075,000
$976,000
$1,005,000
12.5%
Average Price per Square Foot ...........................
$596
$546
$669
$647
8.6%
Properties Sold .......................................................
16
11
22
26
62.5%
Properties Pending Sale .......................................
16
21
16
25
56.2%
Properties For Sale ................................................
53
53
50
81
52.8%
Days on Market (Pending Sale) ...........................
20
41
41
26
30.0%
Month’s Supply of Inventory ................................
3.3
4.8
2.3
3.1
-6.0%
Percent Under Contract ........................................
30.2%
39.6%
32.0%
30.9%
2.2%
Average Median Price for Last 12 Months ........
$787,000
$966,500
$1,017,667
$916,754
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$893
AUG
$1,005,000
SEP OCT
MEDIAN SALES PRICE
NOV
$647
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.005 M E 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,625,000
$1,472,500
$1,335,000
$1,450,000
-10.8%
Average Price per Square Foot ...........................
$661
$597
$606
$697
5.4%
Properties Sold .......................................................
26
24
31
25
-3.8%
Properties Pending Sale .......................................
29
25
32
17
-41.4%
Properties For Sale ................................................
116
98
123
114
-1.7%
Days on Market (Pending Sale) ...........................
52
40
45
59
13.5%
Month’s Supply of Inventory ................................
4.5
4.1
4
4.6
2.2%
Percent Under Contract ........................................
25.0%
25.5%
26.0%
14.9%
-40.4%
Average Median Price for Last 12 Months ........
$1,210,000
$1,289,250
$1,351,000
$1,335,731
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.625
AUG
$1,450,000
SEP OCT
MEDIAN SALES PRICE
NOV
$697
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.450 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 2015
telesproperties.com
Hollywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$687,000
$1,190,000
$730,000
$682,500
-0.7%
Average Price per Square Foot ...........................
$457
$568
$542
$496
8.5%
Properties Sold .......................................................
6
6
7
12
100.0%
Properties Pending Sale .......................................
5
7
8
10
100.0%
Properties For Sale ................................................
21
39
44
48
128.6%
Days on Market (Pending Sale) ...........................
14
64
71
35
150.0%
Month’s Supply of Inventory ................................
3.5
6.5
6.3
4
14.3%
Percent Under Contract ........................................
23.8%
17.9%
18.2%
20.8%
-12.5%
Average Median Price for Last 12 Months ........
$655,000
$774,560
$806,621
$790,797
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$687
AUG
$682,500
SEP OCT
MEDIAN SALES PRICE
NOV
$496
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2015
telesproperties.com
Hollywood Hills East DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,134,000
$1,125,548
$1,249,500
$1,300,000
14.6%
Average Price per Square Foot ...........................
$512
$483
$556
$614
19.9%
Properties Sold .......................................................
18
8
16
15
-16.7%
Properties Pending Sale .......................................
9
14
11
11
22.2%
Properties For Sale ................................................
69
55
65
85
23.2%
Days on Market (Pending Sale) ...........................
79
79
48
33
-58.2%
Month’s Supply of Inventory ................................
7.7
3.9
5.9
5.7
-26.1%
Percent Under Contract ........................................
13.0%
25.5%
16.9%
12.9%
-0.8%
Average Median Price for Last 12 Months ........
$1,122,000
$1,226,943
$1,322,167
$1,200,916
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.134
AUG
$1,300,000
SEP OCT
MEDIAN SALES PRICE
NOV
$614
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 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 2015
telesproperties.com
Laurel Canyon DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,428,000
$1,300,000
$1,407,000
$1,617,500
13.3%
Average Price per Square Foot ...........................
$727
$674
$761
$712
-2.1%
Properties Sold .......................................................
33
29
28
34
3.0%
Properties Pending Sale .......................................
24
20
21
28
16.7%
Properties For Sale ................................................
147
122
138
154
4.8%
Days on Market (Pending Sale) ...........................
49
67
24
46
-6.1%
Month’s Supply of Inventory ................................
6.1
6.1
6.6
4.5
-26.1%
Percent Under Contract ........................................
16.3%
16.4%
15.2%
18.2%
11.4%
Average Median Price for Last 12 Months ........
$1,263,000
$1,598,363
$1,579,393
$1,491,783
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.428
AUG
$1,617,500
SEP OCT
MEDIAN SALES PRICE
NOV
$712
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Los Feliz DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,250,000
$1,617,500
$1,037,500
$1,380,000
10.4%
Average Price per Square Foot ...........................
$603
$585
$604
$703
16.6%
Properties Sold .......................................................
21
16
22
21
0.0%
Properties Pending Sale .......................................
24
15
23
29
20.8%
Properties For Sale ................................................
99
64
87
105
6.1%
Days on Market (Pending Sale) ...........................
35
57
40
43
22.9%
Month’s Supply of Inventory ................................
4.1
4.3
3.8
5
21.2%
Percent Under Contract ........................................
24.2%
23.4%
26.4%
27.6%
13.9%
Average Median Price for Last 12 Months ........
$1,158,000
$1,296,875
$1,468,750
$1,337,342
13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.250
AUG
$1,380,000
SEP OCT
MEDIAN SALES PRICE
NOV
$703
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.380 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 2015
telesproperties.com
Malibu DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,665,000
$1,910,000
$2,246,184
$2,525,000
-5.3%
Average Price per Square Foot ...........................
$809
$778
$655
$833
3.0%
Properties Sold .......................................................
18
12
19
13
-27.8%
Properties Pending Sale .......................................
13
15
16
18
38.5%
Properties For Sale ................................................
220
174
199
231
5.0%
Days on Market (Pending Sale) ...........................
185
159
142
86
-53.5%
Month’s Supply of Inventory ................................
12.2
14.5
10.5
17.8
45.4%
Percent Under Contract ........................................
5.9%
8.6%
8.0%
7.8%
31.9%
Average Median Price for Last 12 Months ........
$1,989,000
$2,279,416
$2,516,667
$2,374,923
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.665
AUG
$2,525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$833
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
17.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.525 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 2015
telesproperties.com
Malibu Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$4,845,000
$4,725,000
$5,350,000
$8,137,500
68.0%
Average Price per Square Foot ...........................
$1,640
$1,716
$1,548
$2,135
30.2%
Properties Sold .......................................................
2
2
3
4
100.0%
Properties Pending Sale .......................................
5
2
3
6
20.0%
Properties For Sale ................................................
85
66
78
82
-3.5%
Days on Market (Pending Sale) ...........................
72
216
55
91
26.4%
Month’s Supply of Inventory ................................
42.5
33
26
20.5
-51.8%
Percent Under Contract ........................................
5.9%
3.0%
3.8%
7.3%
24.4%
Average Median Price for Last 12 Months ........
$6,151,000
$5,044,167
$5,429,167
$6,147,885
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$4.845
AUG
$8,137,500
SEP OCT
MEDIAN SALES PRICE
NOV
$2,135
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
20.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$8.137 M E 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 2015
telesproperties.com
Marina Del Rey DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$0
$1,899,750
$1,980,000
$1,410,000
0%
Average Price per Square Foot ...........................
$0
$599
$695
$946
0%
Properties Sold .......................................................
0
4
5
3
0%
Properties Pending Sale .......................................
3
6
3
5
66.7%
Properties For Sale ................................................
27
22
17
29
7.4%
Days on Market (Pending Sale) ...........................
22
40
33
45
104.5%
Month’s Supply of Inventory ................................
0
5.5
3.4
9.7
0%
Percent Under Contract ........................................
11.1%
27.3%
17.6%
17.2%
55.2%
Average Median Price for Last 12 Months ........
$1,594,000
$1,614,346
$1,245,833
$1,526,319
-4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL AUG
$1,410,000
SEP OCT
MEDIAN SALES PRICE
NOV
$946
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Mid Los Angeles DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$525,000
$492,500
$520,000
$560,000
6.7%
Average Price per Square Foot ...........................
$297
$305
$332
$345
16.2%
Properties Sold .......................................................
15
26
32
50
233.3%
Properties Pending Sale .......................................
15
37
43
46
206.7%
Properties For Sale ................................................
67
131
150
141
110.4%
Days on Market (Pending Sale) ...........................
37
42
40
32
-13.5%
Month’s Supply of Inventory ................................
4.5
5
4.7
2.8
-36.9%
Percent Under Contract ........................................
22.4%
28.2%
28.7%
32.6%
45.7%
Average Median Price for Last 12 Months ........
$458,000
$501,333
$538,333
$508,700
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$525
AUG
$560,000
SEP OCT
MEDIAN SALES PRICE
NOV
$345
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Mid Wilshire DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$610,000
$592,500
$805,000
$752,500
23.4%
Average Price per Square Foot ...........................
$322
$357
$411
$326
1.2%
Properties Sold .......................................................
7
6
5
6
-14.3%
Properties Pending Sale .......................................
2
7
2
3
50.0%
Properties For Sale ................................................
38
30
30
24
-36.8%
Days on Market (Pending Sale) ...........................
54
50
54
74
37.0%
Month’s Supply of Inventory ................................
5.4
5
6
4
-26.3%
Percent Under Contract ........................................
5.3%
23.3%
6.7%
12.5%
137.5%
Average Median Price for Last 12 Months ........
$540,000
$677,667
$765,167
$634,808
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$610
AUG
$752,500
SEP OCT
MEDIAN SALES PRICE
NOV
$326
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$752 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Pacific Palisades DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,862,467
$2,135,000
$2,425,000
$2,925,000
2.2%
Average Price per Square Foot ...........................
$905
$936
$1,058
$974
7.6%
Properties Sold .......................................................
45
14
36
27
-40.0%
Properties Pending Sale .......................................
25
20
37
19
-24.0%
Properties For Sale ................................................
124
109
127
127
2.4%
Days on Market (Pending Sale) ...........................
28
78
46
45
60.7%
Month’s Supply of Inventory ................................
2.8
7.8
3.5
4.7
70.7%
Percent Under Contract ........................................
20.2%
18.3%
29.1%
15.0%
-25.8%
Average Median Price for Last 12 Months ........
$2,392,000
$2,922,417
$2,907,500
$2,607,413
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.862
AUG
$2,925,000
SEP OCT
MEDIAN SALES PRICE
NOV
$974
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.925 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 2015
telesproperties.com
Palms - Mar Vista DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$967,000
$941,000
$1,234,375
$1,257,500
30.0%
Average Price per Square Foot ...........................
$687
$654
$693
$708
3.1%
Properties Sold .......................................................
34
19
33
44
29.4%
Properties Pending Sale .......................................
24
19
35
34
41.7%
Properties For Sale ................................................
90
66
88
84
-6.7%
Days on Market (Pending Sale) ...........................
32
48
41
24
-25.0%
Month’s Supply of Inventory ................................
2.6
3.5
2.7
1.9
-27.9%
Percent Under Contract ........................................
26.7%
28.8%
39.8%
40.5%
51.8%
Average Median Price for Last 12 Months ........
$961,000
$1,173,146
$1,182,500
$1,106,463
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$967
AUG
$1,257,500
SEP OCT
MEDIAN SALES PRICE
NOV
$708
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.257 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Playa Del Rey DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,260,000
$1,750,000
$3,650,000
$1,090,000
-13.5%
Average Price per Square Foot ...........................
$532
$500
$598
$779
46.4%
Properties Sold .......................................................
3
1
1
2
-33.3%
Properties Pending Sale .......................................
3
4
0
4
33.3%
Properties For Sale ................................................
16
16
7
12
-25.0%
Days on Market (Pending Sale) ...........................
51
74
0
22
-56.9%
Month’s Supply of Inventory ................................
5.3
16
7
6
12.5%
Percent Under Contract ........................................
18.8%
25.0%
0.0%
33.3%
77.8%
Average Median Price for Last 12 Months ........
$1,157,000
$2,070,000
$1,638,333
$1,640,846
29.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.260
AUG
$1,090,000
SEP OCT
MEDIAN SALES PRICE
NOV
$779
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Playa Vista DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$829,000
$1,795,000
$2,075,000
$1,465,000
76.7%
Average Price per Square Foot ...........................
$549
$494
$468
$644
17.3%
Properties Sold .......................................................
1
1
1
3
200.0%
Properties Pending Sale .......................................
2
1
0
6
200.0%
Properties For Sale ................................................
6
7
6
10
66.7%
Days on Market (Pending Sale) ...........................
27
9
0
43
59.3%
Month’s Supply of Inventory ................................
6
7
6
3.3
-44.4%
Percent Under Contract ........................................
33.3%
14.3%
0.0%
60.0%
80.0%
Average Median Price for Last 12 Months ........
$1,318,000
$1,793,033
$1,721,917
$1,588,923
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$829
AUG
$1,465,000
SEP OCT
MEDIAN SALES PRICE
NOV
$644
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Santa Monica DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,682,500
$2,018,750
$2,410,000
$2,895,000
72.1%
Average Price per Square Foot ...........................
$902
$873
$1,081
$1,151
27.6%
Properties Sold .......................................................
28
14
19
37
32.1%
Properties Pending Sale .......................................
25
11
31
19
-24.0%
Properties For Sale ................................................
90
59
99
82
-8.9%
Days on Market (Pending Sale) ...........................
40
48
36
32
-20.0%
Month’s Supply of Inventory ................................
3.2
4.2
5.2
2.2
-31.1%
Percent Under Contract ........................................
27.8%
18.6%
31.3%
23.2%
-16.6%
Average Median Price for Last 12 Months ........
$1,981,000
$2,544,900
$2,515,000
$2,297,115
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.682
AUG
$2,895,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,151
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,925,000
$1,426,000
$1,573,750
$1,700,000
-11.7%
Average Price per Square Foot ...........................
$773
$1,003
$772
$797
3.1%
Properties Sold .......................................................
46
35
38
37
-19.6%
Properties Pending Sale .......................................
26
35
30
45
73.1%
Properties For Sale ................................................
263
244
303
321
22.1%
Days on Market (Pending Sale) ...........................
61
63
84
45
-26.2%
Month’s Supply of Inventory ................................
5.7
7
8
8.7
51.7%
Percent Under Contract ........................................
9.9%
14.3%
9.9%
14.0%
41.8%
Average Median Price for Last 12 Months ........
$1,462,000
$1,749,992
$1,792,500
$1,779,344
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.925
AUG
$1,700,000
SEP OCT
MEDIAN SALES PRICE
NOV
$797
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Venice DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,750,000
$1,270,000
$2,150,000
$1,890,300
8.0%
Average Price per Square Foot ...........................
$981
$1,014
$1,020
$1,016
3.6%
Properties Sold .......................................................
22
11
20
17
-22.7%
Properties Pending Sale .......................................
18
14
32
19
5.6%
Properties For Sale ................................................
62
69
85
70
12.9%
Days on Market (Pending Sale) ...........................
37
58
48
39
5.4%
Month’s Supply of Inventory ................................
2.8
6.3
4.2
4.1
46.1%
Percent Under Contract ........................................
29.0%
20.3%
37.6%
27.1%
-6.5%
Average Median Price for Last 12 Months ........
$1,409,000
$1,902,495
$1,939,990
$1,729,219
22.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.750
AUG
$1,890,300
SEP OCT
MEDIAN SALES PRICE
NOV
$1,016
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
West Hollywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$943,000
$2,150,000
$2,065,000
$1,267,500
34.4%
Average Price per Square Foot ...........................
$881
$723
$770
$836
-5.1%
Properties Sold .......................................................
10
9
14
10
0.0%
Properties Pending Sale .......................................
14
7
9
7
-50.0%
Properties For Sale ................................................
58
49
45
53
-8.6%
Days on Market (Pending Sale) ...........................
20
88
21
64
220.0%
Month’s Supply of Inventory ................................
5.8
5.4
3.2
5.3
-8.6%
Percent Under Contract ........................................
24.1%
14.3%
20.0%
13.2%
-45.3%
Average Median Price for Last 12 Months ........
$1,106,000
$1,514,083
$1,355,667
$1,405,740
21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$943
AUG
$1,267,500
SEP OCT
MEDIAN SALES PRICE
NOV
$836
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.267 M E 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 2015
telesproperties.com
West Los Angeles DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$810,000
$895,000
$994,000
$900,000
11.1%
Average Price per Square Foot ...........................
$714
$606
$592
$615
-13.9%
Properties Sold .......................................................
7
13
8
9
28.6%
Properties Pending Sale .......................................
7
1
18
12
71.4%
Properties For Sale ................................................
33
26
41
35
6.1%
Days on Market (Pending Sale) ...........................
46
119
23
52
13.0%
Month’s Supply of Inventory ................................
4.7
2
5.1
3.9
-17.5%
Percent Under Contract ........................................
21.2%
3.8%
43.9%
34.3%
61.6%
Average Median Price for Last 12 Months ........
$807,000
$936,355
$914,592
$905,690
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$810
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$615
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Westchester DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$814,000
$939,685
$952,500
$924,500
13.6%
Average Price per Square Foot ...........................
$494
$533
$552
$605
22.5%
Properties Sold .......................................................
33
15
28
30
-9.1%
Properties Pending Sale .......................................
27
23
31
30
11.1%
Properties For Sale ................................................
81
49
72
70
-13.6%
Days on Market (Pending Sale) ...........................
34
56
22
19
-44.1%
Month’s Supply of Inventory ................................
2.5
3.3
2.6
2.3
-4.9%
Percent Under Contract ........................................
33.3%
46.9%
43.1%
42.9%
28.6%
Average Median Price for Last 12 Months ........
$781,000
$905,483
$927,500
$881,605
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$814
AUG
$924,500
SEP OCT
MEDIAN SALES PRICE
NOV
$605
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Westwood - Century City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,200,000
$1,863,250
$1,668,875
$1,500,000
-31.8%
Average Price per Square Foot ...........................
$793
$918
$716
$879
10.8%
Properties Sold .......................................................
21
4
14
16
-23.8%
Properties Pending Sale .......................................
19
11
17
22
15.8%
Properties For Sale ................................................
68
46
58
76
11.8%
Days on Market (Pending Sale) ...........................
40
32
13
29
-27.5%
Month’s Supply of Inventory ................................
3.2
11.5
4.1
4.8
46.7%
Percent Under Contract ........................................
27.9%
23.9%
29.3%
28.9%
3.6%
Average Median Price for Last 12 Months ........
$1,547,000
$1,692,479
$1,620,333
$1,748,279
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.200
JUL AUG
$1,500,000
SEP OCT
MEDIAN SALES PRICE
NOV
$879
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
South Bay Macro Market DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,095,210
$1,179,283
$1,182,109
$1,292,833
18.0%
Average Price per Square Foot ...........................
$526
$586
$595
$631
19.9%
Properties Sold .......................................................
277
137
278
298
7.6%
Properties Pending Sale .......................................
237
179
321
271
14.3%
Properties For Sale ................................................
923
656
855
961
4.1%
Days on Market (Pending Sale) ...........................
41
56
48
31
-24.3%
Month’s Supply of Inventory ................................
3.3
4.8
3.1
3.2
-3.2%
Percent Under Contract ........................................
25.7%
27.3%
37.5%
28.2%
9.8%
Average Median Price for Last 12 Months ........
$1,062,733
$1,239,156
$1,267,622
$1,194,748
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.095
AUG
$1,292,833
SEP OCT
MEDIAN SALES PRICE
NOV
$631
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.292 M E 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 2015
telesproperties.com
El Segundo DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$950,000
$982,500
$960,250
$1,185,000
24.7%
Average Price per Square Foot ...........................
$426
$627
$642
$646
51.6%
Properties Sold .......................................................
9
4
8
10
11.1%
Properties Pending Sale .......................................
8
5
8
8
0.0%
Properties For Sale ................................................
16
13
20
27
68.8%
Days on Market (Pending Sale) ...........................
36
54
15
47
30.6%
Month’s Supply of Inventory ................................
1.8
3.2
2.5
2.7
51.9%
Percent Under Contract ........................................
50.0%
38.5%
40.0%
29.6%
-40.7%
Average Median Price for Last 12 Months ........
$849,000
$958,500
$1,015,500
$996,154
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$1,185,000
SEP OCT
MEDIAN SALES PRICE
NOV
$646
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.185 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Hermosa Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$999,000
$1,725,000
$2,077,500
$1,763,750
76.6%
Average Price per Square Foot ...........................
$870
$768
$1,494
$928
6.7%
Properties Sold .......................................................
9
9
18
10
11.1%
Properties Pending Sale .......................................
7
10
15
7
0.0%
Properties For Sale ................................................
35
22
43
38
8.6%
Days on Market (Pending Sale) ...........................
39
40
40
32
-17.9%
Month’s Supply of Inventory ................................
3.9
2.4
2.4
3.8
-2.3%
Percent Under Contract ........................................
20.0%
45.5%
34.9%
18.4%
-7.9%
Average Median Price for Last 12 Months ........
$1,203,000
$1,791,667
$1,750,000
$1,634,265
35.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$999
AUG
$1,763,750
SEP OCT
MEDIAN SALES PRICE
NOV
$928
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.763 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Manhattan Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,955,250
$1,700,000
$1,955,000
$2,087,500
6.8%
Average Price per Square Foot ...........................
$782
$782
$933
$1,136
45.3%
Properties Sold .......................................................
31
11
24
26
-16.1%
Properties Pending Sale .......................................
23
17
31
30
30.4%
Properties For Sale ................................................
93
46
92
109
17.2%
Days on Market (Pending Sale) ...........................
35
38
40
30
-14.3%
Month’s Supply of Inventory ................................
3
4.2
3.8
4.2
39.7%
Percent Under Contract ........................................
24.7%
37.0%
33.7%
27.5%
11.3%
Average Median Price for Last 12 Months ........
$1,823,000
$2,208,333
$2,314,167
$2,051,558
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.955
AUG
$2,087,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,136
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.087 M E 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 2015
telesproperties.com
Palos Verdes Estates DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,650,000
$1,480,000
$1,870,000
$1,995,000
20.9%
Average Price per Square Foot ...........................
$592
$1,143
$584
$748
26.4%
Properties Sold .......................................................
19
9
17
23
21.1%
Properties Pending Sale .......................................
19
16
20
17
-10.5%
Properties For Sale ................................................
84
66
66
82
-2.4%
Days on Market (Pending Sale) ...........................
38
92
52
38
0.0%
Month’s Supply of Inventory ................................
4.4
7.3
3.9
3.6
-19.4%
Percent Under Contract ........................................
22.6%
24.2%
30.3%
20.7%
-8.3%
Average Median Price for Last 12 Months ........
$1,619,000
$1,838,750
$1,864,167
$1,789,067
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.650
AUG
$1,995,000
SEP OCT
MEDIAN SALES PRICE
NOV
$748
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.995 M E 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 2015
telesproperties.com
Rancho Palos Verdes DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,094,400
$1,262,500
$1,142,500
$1,150,000
5.1%
Average Price per Square Foot ...........................
$518
$497
$595
$615
18.7%
Properties Sold .......................................................
48
20
36
39
-18.8%
Properties Pending Sale .......................................
43
21
43
33
-23.3%
Properties For Sale ................................................
165
104
152
169
2.4%
Days on Market (Pending Sale) ...........................
55
75
92
47
-14.5%
Month’s Supply of Inventory ................................
3.4
5.2
4.2
4.3
26.1%
Percent Under Contract ........................................
26.1%
20.2%
28.3%
19.5%
-25.1%
Average Median Price for Last 12 Months ........
$1,137,000
$1,160,417
$1,195,000
$1,155,800
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.094
AUG
$1,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$615
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Redondo Beach- North DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$850,000
$851,000
$855,000
$890,000
4.7%
Average Price per Square Foot ...........................
$460
$530
$518
$502
9.1%
Properties Sold .......................................................
17
12
21
26
52.9%
Properties Pending Sale .......................................
12
11
21
29
141.7%
Properties For Sale ................................................
40
29
52
54
35.0%
Days on Market (Pending Sale) ...........................
39
41
28
27
-30.8%
Month’s Supply of Inventory ................................
2.4
2.4
2.5
2.1
-11.7%
Percent Under Contract ........................................
30.0%
37.9%
40.4%
53.7%
79.0%
Average Median Price for Last 12 Months ........
$734,000
$889,179
$895,025
$853,929
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$850
AUG
$890,000
SEP OCT
MEDIAN SALES PRICE
NOV
$502
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Redondo Beach- South DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,302,500
$1,150,000
$1,125,000
$1,407,500
8.1%
Average Price per Square Foot ...........................
$586
$692
$548
$681
16.2%
Properties Sold .......................................................
22
8
13
16
-27.3%
Properties Pending Sale .......................................
15
13
25
13
-13.3%
Properties For Sale ................................................
61
38
50
51
-16.4%
Days on Market (Pending Sale) ...........................
50
61
45
17
-66.0%
Month’s Supply of Inventory ................................
2.8
4.8
3.8
3.2
15.0%
Percent Under Contract ........................................
24.6%
34.2%
50.0%
25.5%
3.7%
Average Median Price for Last 12 Months ........
$962,000
$1,188,333
$1,239,333
$1,165,385
21.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.302
AUG
$1,407,500
SEP OCT
MEDIAN SALES PRICE
NOV
$681
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.407 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 2015
telesproperties.com
Rolling Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,785,000
$3,112,500
$2,600,000
$3,765,000
35.2%
Average Price per Square Foot ...........................
$638
$815
$736
$1,117
75.1%
Properties Sold .......................................................
3
2
3
2
-33.3%
Properties Pending Sale .......................................
2
4
6
0
-100.0%
Properties For Sale ................................................
23
18
22
23
0.0%
Days on Market (Pending Sale) ...........................
7
120
82
0
-100.0%
Month’s Supply of Inventory ................................
7.7
9
7.3
11.5
50.0%
Percent Under Contract ........................................
8.7%
22.2%
27.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,908,000
$3,352,167
$3,485,000
$3,165,290
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.785
AUG
$3,765,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,117
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Rolling Hills Estates DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,300,000
$1,565,500
$1,350,000
$1,287,500
-1.0%
Average Price per Square Foot ...........................
$573
$633
$543
$564
-1.6%
Properties Sold .......................................................
15
4
9
8
-46.7%
Properties Pending Sale .......................................
6
6
13
13
116.7%
Properties For Sale ................................................
33
14
23
34
3.0%
Days on Market (Pending Sale) ...........................
32
65
54
44
37.5%
Month’s Supply of Inventory ................................
2.2
3.5
2.6
4.2
93.2%
Percent Under Contract ........................................
18.2%
42.9%
56.5%
38.2%
110.3%
Average Median Price for Last 12 Months ........
$1,296,000
$1,394,792
$1,397,917
$1,382,483
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.300
AUG
$1,287,500
SEP OCT
MEDIAN SALES PRICE
NOV
$564
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.287 M E 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 2015
telesproperties.com
San Pedro DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$522,500
$554,500
$540,000
$525,000
0.5%
Average Price per Square Foot ...........................
$365
$408
$358
$416
14.0%
Properties Sold .......................................................
24
16
36
46
91.7%
Properties Pending Sale .......................................
23
27
42
44
91.3%
Properties For Sale ................................................
117
125
129
148
26.5%
Days on Market (Pending Sale) ...........................
53
62
50
33
-37.7%
Month’s Supply of Inventory ................................
4.9
7.8
3.6
3.2
-34.0%
Percent Under Contract ........................................
19.7%
21.6%
32.6%
29.7%
51.2%
Average Median Price for Last 12 Months ........
$496,000
$531,833
$545,667
$540,096
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$522
AUG
$525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$416
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 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 2015
telesproperties.com
Torrance- County Strip DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$415,000
$473,750
$465,000
$455,000
9.6%
Average Price per Square Foot ...........................
$332
$299
$314
$360
8.4%
Properties Sold .......................................................
9
4
7
8
-11.1%
Properties Pending Sale .......................................
8
4
9
6
-25.0%
Properties For Sale ................................................
28
21
23
20
-28.6%
Days on Market (Pending Sale) ...........................
60
43
68
32
-46.7%
Month’s Supply of Inventory ................................
3.1
5.2
3.3
2.5
-19.6%
Percent Under Contract ........................................
28.6%
19.0%
39.1%
30.0%
5.0%
Average Median Price for Last 12 Months ........
$396,000
$461,333
$460,833
$438,135
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$415
AUG
$455,000
SEP OCT
MEDIAN SALES PRICE
NOV
$360
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Torrance- North DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$515,000
$581,500
$600,000
$630,000
22.3%
Average Price per Square Foot ...........................
$406
$390
$383
$407
0.2%
Properties Sold .......................................................
17
10
19
31
82.4%
Properties Pending Sale .......................................
16
15
23
22
37.5%
Properties For Sale ................................................
47
37
48
56
19.1%
Days on Market (Pending Sale) ...........................
51
39
33
23
-54.9%
Month’s Supply of Inventory ................................
2.8
3.7
2.5
1.8
-34.7%
Percent Under Contract ........................................
34.0%
40.5%
47.9%
39.3%
15.4%
Average Median Price for Last 12 Months ........
$521,000
$591,492
$595,000
$575,415
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$515
AUG
$630,000
SEP OCT
MEDIAN SALES PRICE
NOV
$407
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 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 2015
telesproperties.com
Torrance- South DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$790,000
$795,000
$848,888
$881,250
11.6%
Average Price per Square Foot ...........................
$503
$435
$477
$460
-8.5%
Properties Sold .......................................................
18
17
19
20
11.1%
Properties Pending Sale .......................................
22
11
23
19
-13.6%
Properties For Sale ................................................
67
36
54
65
-3.0%
Days on Market (Pending Sale) ...........................
42
35
19
27
-35.7%
Month’s Supply of Inventory ................................
3.7
2.1
2.8
3.2
-12.7%
Percent Under Contract ........................................
32.8%
30.6%
42.6%
29.2%
-11.0%
Average Median Price for Last 12 Months ........
$764,000
$839,898
$866,750
$815,626
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$790
AUG
$881,250
SEP OCT
MEDIAN SALES PRICE
NOV
$460
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$881 M E 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 2015
telesproperties.com
Torrance- Southeast DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$589,500
$675,000
$577,500
$605,000
2.6%
Average Price per Square Foot ...........................
$379
$338
$356
$346
-8.7%
Properties Sold .......................................................
18
3
18
12
-33.3%
Properties Pending Sale .......................................
17
10
19
15
-11.8%
Properties For Sale ................................................
70
56
48
49
-30.0%
Days on Market (Pending Sale) ...........................
47
59
67
47
0.0%
Month’s Supply of Inventory ................................
3.9
18.7
2.7
4.1
5.0%
Percent Under Contract ........................................
24.3%
17.9%
39.6%
30.6%
26.1%
Average Median Price for Last 12 Months ........
$528,000
$606,250
$610,000
$599,602
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$589
AUG
$605,000
SEP OCT
MEDIAN SALES PRICE
NOV
$346
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$605 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Torrance- West DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$710,000
$780,500
$765,000
$765,000
7.7%
Average Price per Square Foot ...........................
$455
$431
$446
$532
16.9%
Properties Sold .......................................................
18
8
30
21
16.7%
Properties Pending Sale .......................................
16
9
23
15
-6.2%
Properties For Sale ................................................
44
31
33
36
-18.2%
Days on Market (Pending Sale) ...........................
37
20
39
26
-29.7%
Month’s Supply of Inventory ................................
2.4
3.9
1.1
1.7
-29.9%
Percent Under Contract ........................................
36.4%
29.0%
69.7%
41.7%
14.6%
Average Median Price for Last 12 Months ........
$705,000
$774,400
$779,967
$758,415
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$710
AUG
$765,000
SEP OCT
MEDIAN SALES PRICE
NOV
$532
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$803,357
$789,000
$831,571
$834,857
3.9%
Average Price per Square Foot ...........................
$396
$420
$410
$429
8.4%
Properties Sold .......................................................
461
274
491
545
18.2%
Properties Pending Sale .......................................
479
398
510
651
35.9%
Properties For Sale ................................................
1,202
892
858
1,056
-12.1%
Days on Market (Pending Sale) ...........................
52
68
58
57
10.5%
Month’s Supply of Inventory ................................
2.6
3.3
1.7
1.9
-25.7%
Percent Under Contract ........................................
39.9%
44.6%
59.4%
61.6%
54.7%
Average Median Price for Last 12 Months ........
$703,857
$804,536
$821,167
$784,222
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$803
AUG
$834,857
SEP OCT
MEDIAN SALES PRICE
NOV
$429
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$834 M E 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 2015
telesproperties.com
Burbank DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$688,000
$650,000
$700,000
$683,000
-0.7%
Average Price per Square Foot ...........................
$413
$438
$437
$470
13.8%
Properties Sold .......................................................
57
29
57
65
14.0%
Properties Pending Sale .......................................
51
34
54
63
23.5%
Properties For Sale ................................................
85
83
77
107
25.9%
Days on Market (Pending Sale) ...........................
38
50
65
55
44.7%
Month’s Supply of Inventory ................................
1.5
2.9
1.4
1.6
10.4%
Percent Under Contract ........................................
60.0%
41.0%
70.1%
58.9%
-1.9%
Average Median Price for Last 12 Months ........
$609,769
$674,833
$680,667
$663,923
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$688
AUG
$683,000
SEP OCT
MEDIAN SALES PRICE
NOV
$470
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$683 M E 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 2015
telesproperties.com
Encino DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,099,000
$1,001,000
$1,142,750
$1,262,000
14.8%
Average Price per Square Foot ...........................
$492
$454
$440
$470
-4.5%
Properties Sold .......................................................
41
26
52
49
19.5%
Properties Pending Sale .......................................
40
40
47
50
25.0%
Properties For Sale ................................................
112
98
109
75
-33.0%
Days on Market (Pending Sale) ...........................
61
66
52
58
-4.9%
Month’s Supply of Inventory ................................
2.7
3.8
2.1
1.5
-44.0%
Percent Under Contract ........................................
35.7%
40.8%
43.1%
66.7%
86.7%
Average Median Price for Last 12 Months ........
$955,769
$1,155,125
$1,243,333
$1,114,673
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.099
AUG
$1,262,000
SEP OCT
MEDIAN SALES PRICE
NOV
$470
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.262 M E 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 2015
telesproperties.com
Glendale DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$725,000
$701,000
$806,000
$863,000
19.0%
Average Price per Square Foot ...........................
$406
$408
$412
$440
8.4%
Properties Sold .......................................................
64
36
60
76
18.8%
Properties Pending Sale .......................................
61
48
64
96
57.4%
Properties For Sale ................................................
121
86
90
114
-5.8%
Days on Market (Pending Sale) ...........................
46
48
53
48
4.3%
Month’s Supply of Inventory ................................
1.9
2.4
1.5
1.5
-20.7%
Percent Under Contract ........................................
50.4%
55.8%
71.1%
84.2%
67.0%
Average Median Price for Last 12 Months ........
$685,846
$802,000
$825,333
$767,385
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$725
AUG
$863,000
SEP OCT
MEDIAN SALES PRICE
NOV
$440
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$863 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
La Crescenta DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$759,000
$650,000
$879,000
$695,000
-8.4%
Average Price per Square Foot ...........................
$406
$412
$397
$437
7.6%
Properties Sold .......................................................
19
10
16
29
52.6%
Properties Pending Sale .......................................
30
9
8
25
-16.7%
Properties For Sale ................................................
48
12
23
28
-41.7%
Days on Market (Pending Sale) ...........................
47
60
53
48
2.1%
Month’s Supply of Inventory ................................
2.5
1.2
1.4
1
-61.8%
Percent Under Contract ........................................
62.5%
75.0%
34.8%
89.3%
42.9%
Average Median Price for Last 12 Months ........
$658,462
$740,167
$722,000
$727,615
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$759
AUG
$695,000
SEP OCT
MEDIAN SALES PRICE
NOV
$437
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
North Hollywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$470,000
$440,000
$452,500
$485,000
3.2%
Average Price per Square Foot ...........................
$323
$338
$332
$323
0.0%
Properties Sold .......................................................
30
33
40
44
46.7%
Properties Pending Sale .......................................
36
41
67
59
63.9%
Properties For Sale ................................................
83
59
55
61
-26.5%
Days on Market (Pending Sale) ...........................
40
70
58
65
62.5%
Month’s Supply of Inventory ................................
2.8
1.8
1.4
1.4
-49.9%
Percent Under Contract ........................................
43.4%
69.5%
121.8%
96.7%
123.0%
Average Median Price for Last 12 Months ........
$402,385
$468,917
$490,000
$461,192
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$470
AUG
$485,000
SEP OCT
MEDIAN SALES PRICE
NOV
$323
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Shadow Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$873,000
$0
$800,000
$900,000
3.1%
Average Price per Square Foot ...........................
$282
$0
$303
$362
28.4%
Properties Sold .......................................................
4
0
8
6
50.0%
Properties Pending Sale .......................................
3
0
4
3
0.0%
Properties For Sale ................................................
13
11
10
9
-30.8%
Days on Market (Pending Sale) ...........................
41
0
65
91
122.0%
Month’s Supply of Inventory ................................
3.2
0
1.2
1.5
-53.8%
Percent Under Contract ........................................
23.1%
0.0%
40.0%
33.3%
44.4%
Average Median Price for Last 12 Months ........
$712,769
$770,500
$763,333
$795,417
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$873
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$362
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Sherman Oaks DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$957,000
$927,000
$1,051,250
$905,000
-5.4%
Average Price per Square Foot ...........................
$467
$440
$486
$485
3.9%
Properties Sold .......................................................
56
34
60
66
17.9%
Properties Pending Sale .......................................
71
39
59
76
7.0%
Properties For Sale ................................................
168
115
116
133
-20.8%
Days on Market (Pending Sale) ...........................
45
64
51
51
13.3%
Month’s Supply of Inventory ................................
3
3.4
1.9
2
-32.8%
Percent Under Contract ........................................
42.3%
33.9%
50.9%
57.1%
35.2%
Average Median Price for Last 12 Months ........
$828,769
$979,208
$988,333
$930,558
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$957
AUG
$905,000
SEP OCT
MEDIAN SALES PRICE
NOV
$485
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Studio City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,245,000
$1,275,000
$1,182,500
$1,425,000
14.5%
Average Price per Square Foot ...........................
$545
$532
$548
$602
10.5%
Properties Sold .......................................................
36
12
38
38
5.6%
Properties Pending Sale .......................................
35
27
25
46
31.4%
Properties For Sale ................................................
91
57
65
98
7.7%
Days on Market (Pending Sale) ...........................
57
65
49
45
-21.1%
Month’s Supply of Inventory ................................
2.5
4.8
1.7
2.6
2.0%
Percent Under Contract ........................................
38.5%
47.4%
38.5%
46.9%
22.0%
Average Median Price for Last 12 Months ........
$1,021,308
$1,239,917
$1,293,000
$1,187,885
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.245
AUG
$1,425,000
SEP OCT
MEDIAN SALES PRICE
NOV
$602
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 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 2015
telesproperties.com
Sun Valley DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$380,000
$425,000
$434,000
$395,000
3.9%
Average Price per Square Foot ...........................
$273
$322
$334
$320
17.2%
Properties Sold .......................................................
20
15
24
16
-20.0%
Properties Pending Sale .......................................
13
21
23
31
138.5%
Properties For Sale ................................................
35
44
26
42
20.0%
Days on Market (Pending Sale) ...........................
40
70
70
49
22.5%
Month’s Supply of Inventory ................................
1.8
2.9
1.1
2.6
50.0%
Percent Under Contract ........................................
37.1%
47.7%
88.5%
73.8%
98.7%
Average Median Price for Last 12 Months ........
$404,923
$431,500
$435,000
$419,231
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$380
AUG
$395,000
SEP OCT
MEDIAN SALES PRICE
NOV
$320
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2015
telesproperties.com
Sunland/Tujunga DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$445,000
$515,000
$472,500
$508,000
14.2%
Average Price per Square Foot ...........................
$322
$335
$313
$348
8.1%
Properties Sold .......................................................
35
19
30
44
25.7%
Properties Pending Sale .......................................
39
29
46
40
2.6%
Properties For Sale ................................................
91
64
46
77
-15.4%
Days on Market (Pending Sale) ...........................
55
69
57
51
-7.3%
Month’s Supply of Inventory ................................
2.6
3.4
1.5
1.8
-32.7%
Percent Under Contract ........................................
42.9%
45.3%
100.0%
51.9%
21.2%
Average Median Price for Last 12 Months ........
$406,692
$478,417
$494,333
$482,500
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$445
AUG
$508,000
SEP OCT
MEDIAN SALES PRICE
NOV
$348
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Tarzana DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$985,000
$915,000
$1,050,000
$1,075,000
9.1%
Average Price per Square Foot ...........................
$348
$399
$372
$395
13.5%
Properties Sold .......................................................
26
19
25
23
-11.5%
Properties Pending Sale .......................................
22
20
16
32
45.5%
Properties For Sale ................................................
108
70
72
110
1.9%
Days on Market (Pending Sale) ...........................
59
75
68
81
37.3%
Month’s Supply of Inventory ................................
4.2
3.7
2.9
4.8
15.1%
Percent Under Contract ........................................
20.4%
28.6%
22.2%
29.1%
42.8%
Average Median Price for Last 12 Months ........
$791,231
$945,667
$974,000
$909,462
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$985
AUG
$1,075,000
SEP OCT
MEDIAN SALES PRICE
NOV
$395
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Toluca Lake DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,158,000
$1,275,000
$1,091,500
$900,000
-22.3%
Average Price per Square Foot ...........................
$495
$684
$528
$518
4.6%
Properties Sold .......................................................
4
3
7
11
175.0%
Properties Pending Sale .......................................
8
6
7
7
-12.5%
Properties For Sale ................................................
25
17
18
20
-20.0%
Days on Market (Pending Sale) ...........................
54
113
55
44
-18.5%
Month’s Supply of Inventory ................................
6.2
5.7
2.6
1.8
-70.9%
Percent Under Contract ........................................
32.0%
35.3%
38.9%
35.0%
9.4%
Average Median Price for Last 12 Months ........
$995,077
$1,015,083
$981,333
$989,577
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.158
JUL AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$518
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Valley Village DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$778,000
$778,000
$865,000
$895,000
15.0%
Average Price per Square Foot ...........................
$435
$406
$504
$495
13.8%
Properties Sold .......................................................
12
10
15
8
-33.3%
Properties Pending Sale .......................................
12
16
16
18
50.0%
Properties For Sale ................................................
27
10
15
9
-66.7%
Days on Market (Pending Sale) ...........................
77
39
48
43
-44.2%
Month’s Supply of Inventory ................................
2.2
1
1
1.1
-50.0%
Percent Under Contract ........................................
44.4%
160.0%
106.7%
200.0%
350.0%
Average Median Price for Last 12 Months ........
$734,077
$850,667
$882,667
$822,077
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$778
AUG
$895,000
SEP OCT
MEDIAN SALES PRICE
NOV
$495
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Woodland Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$685,000
$705,000
$715,000
$697,000
1.8%
Average Price per Square Foot ...........................
$333
$290
$334
$338
1.5%
Properties Sold .......................................................
57
28
59
70
22.8%
Properties Pending Sale .......................................
58
68
74
105
81.0%
Properties For Sale ................................................
195
166
136
173
-11.3%
Days on Market (Pending Sale) ...........................
65
95
68
72
10.8%
Month’s Supply of Inventory ................................
3.4
5.9
2.3
2.5
-27.8%
Percent Under Contract ........................................
29.7%
41.0%
54.4%
60.7%
104.1%
Average Median Price for Last 12 Months ........
$646,923
$711,500
$723,000
$707,615
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$685
AUG
$697,000
SEP OCT
MEDIAN SALES PRICE
NOV
$338
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$697 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$972,636
$957,182
$1,074,391
$966,167
-0.7%
Average Price per Square Foot ...........................
$520
$497
$496
$526
1.2%
Properties Sold .......................................................
330
183
281
32
-90.4%
Properties Pending Sale .......................................
340
229
239
33
-90.4%
Properties For Sale ................................................
748
614
670
83
-88.9%
Days on Market (Pending Sale) ...........................
41
70
56
48
17.7%
Month’s Supply of Inventory ................................
2.3
3.4
2.4
2.6
15.1%
Percent Under Contract ........................................
45.5%
37.3%
35.7%
39.4%
-13.2%
Average Median Price for Last 12 Months ........
$885,699
$1,026,684
$1,026,874
$1,002,379
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$972
AUG
$966,167
SEP OCT
MEDIAN SALES PRICE
NOV
$526
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$966 M E 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 2015
telesproperties.com
Alhambra DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$480,000
$541,000
$528,000
$525,000
9.4%
Average Price per Square Foot ...........................
$371
$348
$363
$372
0.3%
Properties Sold .......................................................
40
21
34
49
22.5%
Properties Pending Sale .......................................
35
29
44
39
11.4%
Properties For Sale ................................................
114
71
75
90
-21.1%
Days on Market (Pending Sale) ...........................
49
73
56
45
-8.2%
Month’s Supply of Inventory ................................
2.8
3.4
2.2
1.8
-35.6%
Percent Under Contract ........................................
30.7%
40.8%
58.7%
43.3%
41.1%
Average Median Price for Last 12 Months ........
$570,923
$518,167
$514,333
$500,000
-12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$480
AUG
$525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$372
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 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 2015
telesproperties.com
Altadena DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$625,000
$649,000
$675,000
$785,000
25.6%
Average Price per Square Foot ...........................
$389
$369
$440
$462
18.8%
Properties Sold .......................................................
36
15
30
39
8.3%
Properties Pending Sale .......................................
37
31
41
35
-5.4%
Properties For Sale ................................................
71
60
70
72
1.4%
Days on Market (Pending Sale) ...........................
47
93
48
54
14.9%
Month’s Supply of Inventory ................................
2
4
2.3
1.8
-6.4%
Percent Under Contract ........................................
52.1%
51.7%
58.6%
48.6%
-6.7%
Average Median Price for Last 12 Months ........
$570,923
$680,667
$712,000
$648,923
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$625
AUG
$785,000
SEP OCT
MEDIAN SALES PRICE
NOV
$462
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2015
telesproperties.com
Arcadia DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,425,000
$1,330,000
$1,193,500
$1,210,000
-15.1%
Average Price per Square Foot ...........................
$682
$561
$576
$562
-17.6%
Properties Sold .......................................................
39
31
42
43
10.3%
Properties Pending Sale .......................................
38
34
31
46
21.1%
Properties For Sale ................................................
169
169
197
286
69.2%
Days on Market (Pending Sale) ...........................
46
64
75
66
43.5%
Month’s Supply of Inventory ................................
4.3
5.5
4.7
6.7
53.5%
Percent Under Contract ........................................
22.5%
20.1%
15.7%
16.1%
-28.5%
Average Median Price for Last 12 Months ........
$1,321,231
$1,277,083
$1,292,000
$1,323,654
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.425
AUG
$1,210,000
SEP OCT
MEDIAN SALES PRICE
NOV
$562
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.210 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Duarte DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$425,000
$440,000
$450,000
$425,000
0.0%
Average Price per Square Foot ...........................
$308
$356
$320
$396
28.6%
Properties Sold .......................................................
15
9
7
7
-53.3%
Properties Pending Sale .......................................
18
17
12
17
-5.6%
Properties For Sale ................................................
23
23
20
38
65.2%
Days on Market (Pending Sale) ...........................
33
73
67
44
33.3%
Month’s Supply of Inventory ................................
1.5
2.6
2.9
5.4
254.0%
Percent Under Contract ........................................
78.3%
73.9%
60.0%
44.7%
-42.8%
Average Median Price for Last 12 Months ........
$391,462
$459,500
$459,667
$449,385
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$425
AUG
$425,000
SEP OCT
MEDIAN SALES PRICE
NOV
$396
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.4 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 2015
telesproperties.com
Eagle Rock DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$738,000
$605,000
$740,000
$675,000
-8.5%
Average Price per Square Foot ...........................
$442
$457
$489
$457
3.4%
Properties Sold .......................................................
14
5
15
19
35.7%
Properties Pending Sale .......................................
19
8
9
20
5.3%
Properties For Sale ................................................
31
25
21
34
9.7%
Days on Market (Pending Sale) ...........................
38
74
42
39
2.6%
Month’s Supply of Inventory ................................
2.2
5
1.4
1.8
-19.2%
Percent Under Contract ........................................
61.3%
32.0%
42.9%
58.8%
-4.0%
Average Median Price for Last 12 Months ........
$564,000
$704,500
$705,333
$695,308
23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$738
AUG
$675,000
SEP OCT
MEDIAN SALES PRICE
NOV
$457
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 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 2015
telesproperties.com
La Canada Flintridge DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,260,000
$1,490,000
$1,769,018
$1,435,000
13.9%
Average Price per Square Foot ...........................
$532
$555
$663
$596
12.0%
Properties Sold .......................................................
39
9
24
29
-25.6%
Properties Pending Sale .......................................
32
13
21
27
-15.6%
Properties For Sale ................................................
46
32
57
61
32.6%
Days on Market (Pending Sale) ...........................
34
100
31
50
47.1%
Month’s Supply of Inventory ................................
1.2
3.6
2.4
2.1
78.3%
Percent Under Contract ........................................
69.6%
40.6%
36.8%
44.3%
-36.4%
Average Median Price for Last 12 Months ........
$1,288,923
$1,666,336
$1,558,000
$1,517,771
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.260
AUG
$1,435,000
SEP OCT
MEDIAN SALES PRICE
NOV
$596
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Monrovia DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$610,000
$534,000
$645,000
$650,000
6.6%
Average Price per Square Foot ...........................
$399
$391
$325
$434
8.8%
Properties Sold .......................................................
34
22
21
26
-23.5%
Properties Pending Sale .......................................
32
18
14
34
6.2%
Properties For Sale ................................................
66
52
50
63
-4.5%
Days on Market (Pending Sale) ...........................
51
66
60
38
-25.5%
Month’s Supply of Inventory ................................
1.9
2.4
2.4
2.4
24.8%
Percent Under Contract ........................................
48.5%
34.6%
28.0%
54.0%
11.3%
Average Median Price for Last 12 Months ........
$532,000
$598,167
$612,000
$600,923
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$610
AUG
$650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$434
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2015
telesproperties.com
Pasadena DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$773,000
$700,000
$797,000
$800,000
3.5%
Average Price per Square Foot ...........................
$512
$497
$503
$547
6.8%
Properties Sold .......................................................
106
58
94
97
-8.5%
Properties Pending Sale .......................................
110
66
66
101
-8.2%
Properties For Sale ................................................
185
157
143
193
4.3%
Days on Market (Pending Sale) ...........................
41
69
49
58
41.5%
Month’s Supply of Inventory ................................
1.7
2.7
1.5
2
14.0%
Percent Under Contract ........................................
59.5%
42.0%
46.2%
52.3%
-12.0%
Average Median Price for Last 12 Months ........
$682,923
$793,500
$812,333
$769,077
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$773
AUG
$800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$547
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 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 2015
telesproperties.com
San Gabriel DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$737,000
$828,000
$717,500
$710,000
-3.7%
Average Price per Square Foot ...........................
$437
$420
$390
$432
-1.1%
Properties Sold .......................................................
15
13
20
33
120.0%
Properties Pending Sale .......................................
20
17
20
25
25.0%
Properties For Sale ................................................
83
47
48
77
-7.2%
Days on Market (Pending Sale) ...........................
31
66
47
47
51.6%
Month’s Supply of Inventory ................................
5.5
3.6
2.4
2.3
-57.8%
Percent Under Contract ........................................
24.1%
36.2%
41.7%
32.5%
34.7%
Average Median Price for Last 12 Months ........
$616,000
$701,250
$731,333
$708,808
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$737
AUG
$710,000
SEP OCT
MEDIAN SALES PRICE
NOV
$432
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
San Marino DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,059,000
$1,875,000
$2,550,000
$2,192,000
6.5%
Average Price per Square Foot ...........................
$985
$856
$792
$875
-11.2%
Properties Sold .......................................................
9
4
8
8
-11.1%
Properties Pending Sale .......................................
12
10
8
17
41.7%
Properties For Sale ................................................
27
21
29
41
51.9%
Days on Market (Pending Sale) ...........................
36
26
79
45
25.0%
Month’s Supply of Inventory ................................
3
5.2
3.6
5.1
70.8%
Percent Under Contract ........................................
44.4%
47.6%
27.6%
41.5%
-6.7%
Average Median Price for Last 12 Months ........
$1,973,923
$2,384,500
$2,384,000
$2,265,000
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.059
AUG
$2,192,000
SEP OCT
MEDIAN SALES PRICE
NOV
$875
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.192 M E 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 2015
telesproperties.com
Sierra Madre DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$788,000
$938,000
$1,012,500
$962,000
22.1%
Average Price per Square Foot ...........................
$384
$482
$481
$512
33.3%
Properties Sold .......................................................
11
13
10
18
63.6%
Properties Pending Sale .......................................
14
7
9
11
-21.4%
Properties For Sale ................................................
23
17
22
15
-34.8%
Days on Market (Pending Sale) ...........................
65
44
55
48
-26.2%
Month’s Supply of Inventory ................................
2.1
1.3
2.2
0.8
-60.1%
Percent Under Contract ........................................
60.9%
41.2%
40.9%
73.3%
20.5%
Average Median Price for Last 12 Months ........
$836,231
$955,250
$933,000
$917,500
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$788
AUG
$962,000
SEP OCT
MEDIAN SALES PRICE
NOV
$512
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
0.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
South Pasadena DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,259,000
$1,140,000
$1,268,788
$1,225,000
-2.7%
Average Price per Square Foot ...........................
$649
$520
$482
$667
2.8%
Properties Sold .......................................................
12
4
10
13
8.3%
Properties Pending Sale .......................................
8
8
8
20
150.0%
Properties For Sale ................................................
24
11
13
24
0.0%
Days on Market (Pending Sale) ...........................
29
97
61
45
55.2%
Month’s Supply of Inventory ................................
2
2.8
1.3
1.8
-7.7%
Percent Under Contract ........................................
33.3%
72.7%
61.5%
83.3%
150.0%
Average Median Price for Last 12 Months ........
$944,923
$1,146,298
$1,243,000
$1,163,753
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.259
AUG
$1,225,000
SEP OCT
MEDIAN SALES PRICE
NOV
$667
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : July 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : July 2015
telesproperties.com
Orange County DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$675,000
$650,000
$695,000
$715,000
5.9%
Average Price per Square Foot ...........................
$408
$400
$409
$415
1.7%
Properties Sold .......................................................
1639
994
1882
2013
22.8%
Properties Pending Sale .......................................
1721
1426
2016
1866
8.4%
Properties For Sale ................................................
7,990
5,684
6,659
7,603
-4.8%
Days on Market (Pending Sale) ...........................
55
67
61
56
1.8%
Month’s Supply of Inventory ................................
4.9
5.7
3.5
3.8
-22.5%
Percent Under Contract ........................................
21.5%
25.1%
30.3%
24.5%
13.9%
Average Median Price for Last 12 Months ........
$641,000
$694,000
$710,000
$682,707
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$675
AUG
$715,000
SEP OCT
MEDIAN SALES PRICE
NOV
$415
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Aliso Viejo DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$736,000
$655,000
$765,000
$760,000
3.3%
Average Price per Square Foot ...........................
$357
$351
$352
$370
3.6%
Properties Sold .......................................................
16
9
21
29
81.2%
Properties Pending Sale .......................................
16
20
27
27
68.8%
Properties For Sale ................................................
78
54
71
84
7.7%
Days on Market (Pending Sale) ...........................
55
93
53
43
-21.8%
Month’s Supply of Inventory ................................
4.9
6
3.4
2.9
-40.6%
Percent Under Contract ........................................
20.5%
37.0%
38.0%
32.1%
56.7%
Average Median Price for Last 12 Months ........
$688,000
$737,500
$743,333
$726,269
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$736
AUG
$760,000
SEP OCT
MEDIAN SALES PRICE
NOV
$370
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Balboa Peninsula DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,800,000
$1,910,000
$1,669,500
$1,962,500
9.0%
Average Price per Square Foot ...........................
$1,225
$1,184
$744
$1,105
-9.8%
Properties Sold .......................................................
7
4
2
6
-14.3%
Properties Pending Sale .......................................
11
5
5
4
-63.6%
Properties For Sale ................................................
46
30
39
34
-26.1%
Days on Market (Pending Sale) ...........................
150
183
85
100
-33.3%
Month’s Supply of Inventory ................................
6.6
7.5
19.5
5.7
-13.8%
Percent Under Contract ........................................
23.9%
16.7%
12.8%
11.8%
-50.8%
Average Median Price for Last 12 Months ........
$2,610,000
$3,137,833
$3,337,500
$2,828,038
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.800
AUG
$1,962,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,105
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,810,000
$2,012,500
$2,500,000
$2,951,500
63.1%
Average Price per Square Foot ...........................
$796
$941
$1,025
$1,099
38.1%
Properties Sold .......................................................
13
6
7
8
-38.5%
Properties Pending Sale .......................................
11
5
15
14
27.3%
Properties For Sale ................................................
76
66
95
108
42.1%
Days on Market (Pending Sale) ...........................
54
92
88
74
37.0%
Month’s Supply of Inventory ................................
5.8
11
13.6
13.5
130.9%
Percent Under Contract ........................................
14.5%
7.6%
15.8%
13.0%
-10.4%
Average Median Price for Last 12 Months ........
$2,491,000
$2,512,216
$2,846,333
$2,275,061
-8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.810
AUG
$2,951,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,099
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.951 M E 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 2015
telesproperties.com
Coto de Caza DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,275,000
$1,461,000
$1,000,050
$1,100,000
-13.7%
Average Price per Square Foot ...........................
$372
$373
$331
$326
-12.4%
Properties Sold .......................................................
13
15
33
15
15.4%
Properties Pending Sale .......................................
21
18
24
16
-23.8%
Properties For Sale ................................................
156
100
124
139
-10.9%
Days on Market (Pending Sale) ...........................
92
90
65
73
-20.7%
Month’s Supply of Inventory ................................
12
6.7
3.8
9.3
-22.8%
Percent Under Contract ........................................
13.5%
18.0%
19.4%
11.5%
-14.5%
Average Median Price for Last 12 Months ........
$1,067,000
$1,105,894
$1,127,105
$1,184,144
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.275
AUG
$1,100,000
SEP OCT
MEDIAN SALES PRICE
NOV
$326
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Crystal Cove DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$5,325,000
$0
$11,617,444
$5,350,000
0.5%
Average Price per Square Foot ...........................
$1,072
$0
$1,341
$1,372
28.0%
Properties Sold .......................................................
3
0
2
3
0.0%
Properties Pending Sale .......................................
2
1
4
2
0.0%
Properties For Sale ................................................
22
17
25
21
-4.5%
Days on Market (Pending Sale) ...........................
60
50
49
474
690.0%
Month’s Supply of Inventory ................................
7.3
0
12.5
7
-4.5%
Percent Under Contract ........................................
9.1%
5.9%
16.0%
9.5%
4.8%
Average Median Price for Last 12 Months ........
$4,522,000
$5,720,489
$4,351,667
$5,602,449
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$5.325
AUG
$5,350,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,372
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Dana Point DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$899,900
$1,083,000
$1,029,500
$1,280,000
42.2%
Average Price per Square Foot ...........................
$527
$558
$592
$772
46.5%
Properties Sold .......................................................
33
12
34
39
18.2%
Properties Pending Sale .......................................
32
26
43
39
21.9%
Properties For Sale ................................................
210
153
183
190
-9.5%
Days on Market (Pending Sale) ...........................
93
61
109
86
-7.5%
Month’s Supply of Inventory ................................
6.4
12.8
5.4
4.9
-23.4%
Percent Under Contract ........................................
15.2%
17.0%
23.5%
20.5%
34.7%
Average Median Price for Last 12 Months ........
$896,000
$1,066,075
$1,038,333
$1,000,522
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$899
AUG
$1,280,000
SEP OCT
MEDIAN SALES PRICE
NOV
$772
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
East Bluff - Harbor View DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,774,000
$1,814,000
$1,870,938
$1,950,000
9.9%
Average Price per Square Foot ...........................
$717
$725
$699
$709
-1.1%
Properties Sold .......................................................
24
13
26
25
4.2%
Properties Pending Sale .......................................
17
18
24
30
76.5%
Properties For Sale ................................................
122
88
102
109
-10.7%
Days on Market (Pending Sale) ...........................
76
59
77
98
28.9%
Month’s Supply of Inventory ................................
5.1
6.8
3.9
4.4
-14.2%
Percent Under Contract ........................................
13.9%
20.5%
23.5%
27.5%
97.5%
Average Median Price for Last 12 Months ........
$1,698,000
$1,806,823
$1,893,333
$1,766,188
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.774
AUG
$1,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$709
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
East Costa Mesa DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$917,500
$1,055,000
$1,032,500
$900,000
-1.9%
Average Price per Square Foot ...........................
$495
$517
$513
$540
9.1%
Properties Sold .......................................................
15
7
25
17
13.3%
Properties Pending Sale .......................................
12
24
23
20
66.7%
Properties For Sale ................................................
84
53
57
62
-26.2%
Days on Market (Pending Sale) ...........................
32
63
63
58
81.2%
Month’s Supply of Inventory ................................
5.6
7.6
2.3
3.6
-34.9%
Percent Under Contract ........................................
14.3%
45.3%
40.4%
32.3%
125.8%
Average Median Price for Last 12 Months ........
$849,000
$915,288
$853,750
$913,018
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$917
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$540
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Fountain Valley DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$685,000
$667,500
$752,000
$759,000
10.8%
Average Price per Square Foot ...........................
$341
$346
$341
$377
10.6%
Properties Sold .......................................................
30
16
29
45
50.0%
Properties Pending Sale .......................................
36
20
19
43
19.4%
Properties For Sale ................................................
99
52
70
97
-2.0%
Days on Market (Pending Sale) ...........................
61
35
38
37
-39.3%
Month’s Supply of Inventory ................................
3.3
3.2
2.4
2.2
-34.7%
Percent Under Contract ........................................
36.4%
38.5%
27.1%
44.3%
21.9%
Average Median Price for Last 12 Months ........
$644,000
$719,667
$734,500
$698,962
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$685
AUG
$759,000
SEP OCT
MEDIAN SALES PRICE
NOV
$377
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 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 2015
telesproperties.com
Huntington Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$750,000
$755,000
$746,500
$795,000
6.0%
Average Price per Square Foot ...........................
$431
$413
$455
$453
5.1%
Properties Sold .......................................................
93
64
112
133
43.0%
Properties Pending Sale .......................................
118
90
134
126
6.8%
Properties For Sale ................................................
484
293
390
451
-6.8%
Days on Market (Pending Sale) ...........................
56
65
58
51
-8.9%
Month’s Supply of Inventory ................................
5.2
4.6
3.5
3.4
-34.8%
Percent Under Contract ........................................
24.4%
30.7%
34.4%
27.9%
14.6%
Average Median Price for Last 12 Months ........
$716,000
$786,000
$794,667
$769,654
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$750
AUG
$795,000
SEP OCT
MEDIAN SALES PRICE
NOV
$453
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Irvine DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$880,000
$935,694
$983,500
$987,500
12.2%
Average Price per Square Foot ...........................
$459
$442
$461
$479
4.4%
Properties Sold .......................................................
85
64
111
136
60.0%
Properties Pending Sale .......................................
109
81
99
90
-17.4%
Properties For Sale ................................................
506
284
389
497
-1.8%
Days on Market (Pending Sale) ...........................
54
78
58
50
-7.4%
Month’s Supply of Inventory ................................
6
4.4
3.5
3.7
-38.6%
Percent Under Contract ........................................
21.5%
28.5%
25.4%
18.1%
-15.9%
Average Median Price for Last 12 Months ........
$890,000
$946,325
$953,167
$934,163
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$880
AUG
$987,500
SEP OCT
MEDIAN SALES PRICE
NOV
$479
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$987 M E 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 2015
telesproperties.com
Ladera Ranch DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$880,000
$810,000
$917,000
$856,450
-2.7%
Average Price per Square Foot ...........................
$333
$331
$337
$344
3.3%
Properties Sold .......................................................
32
13
29
42
31.2%
Properties Pending Sale .......................................
35
28
36
25
-28.6%
Properties For Sale ................................................
166
105
135
162
-2.4%
Days on Market (Pending Sale) ...........................
72
65
70
67
-6.9%
Month’s Supply of Inventory ................................
5.2
8.1
4.7
3.9
-25.6%
Percent Under Contract ........................................
21.1%
26.7%
26.7%
15.4%
-26.8%
Average Median Price for Last 12 Months ........
$852,000
$881,408
$878,817
$862,854
1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$880
AUG
$856,450
SEP OCT
MEDIAN SALES PRICE
NOV
$344
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$856 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Laguna Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,150,000
$1,862,000
$1,608,750
$1,675,000
-22.1%
Average Price per Square Foot ...........................
$918
$1,062
$977
$858
-6.5%
Properties Sold .......................................................
35
21
35
37
5.7%
Properties Pending Sale .......................................
36
23
38
28
-22.2%
Properties For Sale ................................................
275
200
253
279
1.5%
Days on Market (Pending Sale) ...........................
97
77
98
84
-13.4%
Month’s Supply of Inventory ................................
7.9
9.5
7.2
7.5
-4.0%
Percent Under Contract ........................................
13.1%
11.5%
15.0%
10.0%
-23.3%
Average Median Price for Last 12 Months ........
$1,758,000
$1,866,625
$1,963,667
$1,894,750
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.150
JUL AUG
$1,675,000
SEP OCT
MEDIAN SALES PRICE
NOV
$858
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Laguna Niguel DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$830,000
$783,500
$840,000
$861,000
3.7%
Average Price per Square Foot ...........................
$385
$380
$405
$375
-2.6%
Properties Sold .......................................................
49
46
73
67
36.7%
Properties Pending Sale .......................................
54
49
78
76
40.7%
Properties For Sale ................................................
353
234
285
321
-9.1%
Days on Market (Pending Sale) ...........................
60
87
78
67
11.7%
Month’s Supply of Inventory ................................
7.2
5.1
3.9
4.8
-33.5%
Percent Under Contract ........................................
15.3%
20.9%
27.4%
23.7%
54.8%
Average Median Price for Last 12 Months ........
$784,000
$847,500
$865,000
$827,846
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$830
AUG
$861,000
SEP OCT
MEDIAN SALES PRICE
NOV
$375
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$861 M E 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 2015
telesproperties.com
Laguna Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$728,000
$725,000
$825,000
$747,000
2.6%
Average Price per Square Foot ...........................
$337
$311
$397
$367
8.9%
Properties Sold .......................................................
29
17
21
23
-20.7%
Properties Pending Sale .......................................
23
21
19
34
47.8%
Properties For Sale ................................................
104
64
98
148
42.3%
Days on Market (Pending Sale) ...........................
72
74
60
56
-22.2%
Month’s Supply of Inventory ................................
3.6
3.8
4.7
6.4
79.4%
Percent Under Contract ........................................
22.1%
32.8%
19.4%
23.0%
3.9%
Average Median Price for Last 12 Months ........
$709,000
$772,667
$807,333
$773,635
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$728
AUG
$747,000
SEP OCT
MEDIAN SALES PRICE
NOV
$367
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Laguna Woods DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
0
0
0
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%
Average Median Price for Last 12 Months ........
$621,000
$885,000
$885,000
$885,000
42.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,975,000
$4,850,000
$2,900,000
$5,387,500
81.1%
Average Price per Square Foot ...........................
$1,122
$1,077
$1,123
$1,394
24.2%
Properties Sold .......................................................
3
1
5
4
33.3%
Properties Pending Sale .......................................
2
5
9
5
150.0%
Properties For Sale ................................................
48
30
37
36
-25.0%
Days on Market (Pending Sale) ...........................
78
141
85
90
15.4%
Month’s Supply of Inventory ................................
16
30
7.4
9
-43.8%
Percent Under Contract ........................................
4.2%
16.7%
24.3%
13.9%
233.3%
Average Median Price for Last 12 Months ........
$2,725,000
$3,269,814
$3,791,667
$3,281,260
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.975
AUG
$5,387,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,394
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.387 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Mission Viejo DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$630,000
$642,000
$630,000
$677,000
7.5%
Average Price per Square Foot ...........................
$332
$320
$334
$342
3.0%
Properties Sold .......................................................
83
51
107
107
28.9%
Properties Pending Sale .......................................
102
61
127
102
0.0%
Properties For Sale ................................................
350
220
302
346
-1.1%
Days on Market (Pending Sale) ...........................
48
64
55
56
16.7%
Month’s Supply of Inventory ................................
4.2
4.3
2.8
3.2
-23.3%
Percent Under Contract ........................................
29.1%
27.7%
42.1%
29.5%
1.2%
Average Median Price for Last 12 Months ........
$617,000
$664,583
$679,000
$646,685
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$630
AUG
$677,000
SEP OCT
MEDIAN SALES PRICE
NOV
$342
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$677 M E 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 2015
telesproperties.com
Nelle Gail DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$760,000
$725,000
$914,850
$762,000
0.3%
Average Price per Square Foot ...........................
$336
$307
$399
$367
9.2%
Properties Sold .......................................................
25
15
19
22
-12.0%
Properties Pending Sale .......................................
20
19
17
33
65.0%
Properties For Sale ................................................
104
70
99
145
39.4%
Days on Market (Pending Sale) ...........................
89
82
59
56
-37.1%
Month’s Supply of Inventory ................................
4.2
4.7
5.2
6.6
58.4%
Percent Under Contract ........................................
19.2%
27.1%
17.2%
22.8%
18.3%
Average Median Price for Last 12 Months ........
$1,937,000
$793,058
$812,333
$790,123
-59.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$760
AUG
$762,000
SEP OCT
MEDIAN SALES PRICE
NOV
$367
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$762 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Newport Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,775,000
$1,749,000
$1,867,500
$1,946,250
9.6%
Average Price per Square Foot ...........................
$811
$795
$755
$826
1.8%
Properties Sold .......................................................
64
33
62
63
-1.6%
Properties Pending Sale .......................................
54
54
73
65
20.4%
Properties For Sale ................................................
370
280
336
358
-3.2%
Days on Market (Pending Sale) ...........................
88
86
117
93
5.7%
Month’s Supply of Inventory ................................
5.8
8.5
5.4
5.7
-1.7%
Percent Under Contract ........................................
14.6%
19.3%
21.7%
18.2%
24.4%
Average Median Price for Last 12 Months ........
$1,745,000
$1,871,927
$1,978,750
$1,844,274
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.775
AUG
$1,946,250
SEP OCT
MEDIAN SALES PRICE
NOV
$826
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.946 M E 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 2015
telesproperties.com
Newport Coast DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$3,012,500
$3,500,000
$2,802,500
$2,517,500
-16.4%
Average Price per Square Foot ...........................
$908
$762
$930
$1,084
19.4%
Properties Sold .......................................................
14
7
14
8
-42.9%
Properties Pending Sale .......................................
10
9
14
9
-10.0%
Properties For Sale ................................................
104
75
86
99
-4.8%
Days on Market (Pending Sale) ...........................
74
185
49
154
108.1%
Month’s Supply of Inventory ................................
7.4
10.7
6.1
12.4
66.6%
Percent Under Contract ........................................
9.6%
12.0%
16.3%
9.1%
-5.5%
Average Median Price for Last 12 Months ........
$2,881,000
$3,199,583
$3,495,833
$3,264,756
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.012
AUG
$2,517,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,084
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.517 M E 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 2015
telesproperties.com
Newport Heights DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,069,450
$1,077,000
$2,430,000
$1,465,000
-29.2%
Average Price per Square Foot ...........................
$654
$582
$655
$560
-14.4%
Properties Sold .......................................................
5
6
7
6
20.0%
Properties Pending Sale .......................................
4
5
5
3
-25.0%
Properties For Sale ................................................
38
28
31
33
-13.2%
Days on Market (Pending Sale) ...........................
23
92
41
54
134.8%
Month’s Supply of Inventory ................................
7.6
4.7
4.4
5.5
-27.6%
Percent Under Contract ........................................
10.5%
17.9%
16.1%
9.1%
-13.6%
Average Median Price for Last 12 Months ........
$1,569,000
$1,803,750
$1,855,833
$1,783,930
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.069
JUL AUG
$1,465,000
SEP OCT
MEDIAN SALES PRICE
NOV
$560
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Rancho Santa Margarita DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$649,888
$684,500
$680,000
$685,000
5.4%
Average Price per Square Foot ...........................
$333
$302
$328
$328
-1.5%
Properties Sold .......................................................
49
26
58
60
22.4%
Properties Pending Sale .......................................
43
39
61
56
30.2%
Properties For Sale ................................................
191
131
159
178
-6.8%
Days on Market (Pending Sale) ...........................
61
72
64
53
-13.1%
Month’s Supply of Inventory ................................
3.9
5
2.7
3
-23.9%
Percent Under Contract ........................................
22.5%
29.8%
38.4%
31.5%
39.7%
Average Median Price for Last 12 Months ........
$635,000
$658,792
$668,167
$655,314
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$649
AUG
$685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$328
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
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 2015
telesproperties.com
San Clemente DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$855,000
$845,000
$855,000
$905,000
5.8%
Average Price per Square Foot ...........................
$384
$385
$410
$396
3.1%
Properties Sold .......................................................
65
42
82
58
-10.8%
Properties Pending Sale .......................................
64
60
78
69
7.8%
Properties For Sale ................................................
361
241
278
329
-8.9%
Days on Market (Pending Sale) ...........................
50
75
77
72
44.0%
Month’s Supply of Inventory ................................
5.6
5.7
3.4
5.7
2.1%
Percent Under Contract ........................................
17.7%
24.9%
28.1%
21.0%
18.3%
Average Median Price for Last 12 Months ........
$815,000
$865,333
$886,667
$854,038
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$855
AUG
$905,000
SEP OCT
MEDIAN SALES PRICE
NOV
$396
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
San Juan Capistrano DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$680,000
$637,500
$698,750
$835,000
22.8%
Average Price per Square Foot ...........................
$356
$371
$333
$352
-1.1%
Properties Sold .......................................................
25
10
34
36
44.0%
Properties Pending Sale .......................................
32
24
32
34
6.2%
Properties For Sale ................................................
153
128
142
168
9.8%
Days on Market (Pending Sale) ...........................
87
92
100
69
-20.7%
Month’s Supply of Inventory ................................
6.1
12.8
4.2
4.7
-23.7%
Percent Under Contract ........................................
20.9%
18.8%
22.5%
20.2%
-3.2%
Average Median Price for Last 12 Months ........
$856,000
$863,542
$997,500
$808,357
-5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$680
AUG
$835,000
SEP OCT
MEDIAN SALES PRICE
NOV
$352
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Shady Canyon DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$0
$0
$0
$3,815,000
0%
Average Price per Square Foot ...........................
$0
$0
$0
$702
0%
Properties Sold .......................................................
0
0
0
2
0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
3
2
1
0
-100.0%
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%
0%
0%
Average Median Price for Last 12 Months ........
$5,622,000
$4,807,500
$3,815,000
$4,421,667
-21.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL AUG
$3,815,000
SEP OCT
MEDIAN SALES PRICE
NOV
$702
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Turtle Ridge DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,450,000
$2,230,000
$1,817,500
$2,128,000
-13.1%
Average Price per Square Foot ...........................
$681
$660
$599
$676
-0.7%
Properties Sold .......................................................
1
4
4
2
100.0%
Properties Pending Sale .......................................
7
4
2
4
-42.9%
Properties For Sale ................................................
32
20
25
23
-28.1%
Days on Market (Pending Sale) ...........................
125
144
46
70
-44.0%
Month’s Supply of Inventory ................................
32
5
6.2
11.5
-64.1%
Percent Under Contract ........................................
21.9%
20.0%
8.0%
17.4%
-20.5%
Average Median Price for Last 12 Months ........
$2,239,000
$2,284,000
$2,110,667
$2,310,034
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.450
AUG
$2,128,000
SEP OCT
MEDIAN SALES PRICE
NOV
$676
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.128 M E 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 2015
telesproperties.com
Turtle Rock DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$0
$0
$1,075,000
$1,457,500
0%
Average Price per Square Foot ...........................
$0
$0
$652
$551
0%
Properties Sold .......................................................
0
0
1
2
0%
Properties Pending Sale .......................................
0
2
3
0
0%
Properties For Sale ................................................
3
7
11
2
-33.3%
Days on Market (Pending Sale) ...........................
0
44
136
0
0%
Month’s Supply of Inventory ................................
0
0
11
1
0%
Percent Under Contract ........................................
0.0%
28.6%
27.3%
0.0%
0%
Average Median Price for Last 12 Months ........
$1,616,000
$1,332,167
$1,334,583
$1,279,778
-20.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL AUG
$1,457,500
SEP OCT
MEDIAN SALES PRICE
NOV
$551
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.457 M E 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 2015
telesproperties.com
Westminster DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$530,000
$536,000
$535,300
$610,000
15.1%
Average Price per Square Foot ...........................
$315
$321
$335
$345
9.5%
Properties Sold .......................................................
44
24
33
32
-27.3%
Properties Pending Sale .......................................
41
30
40
37
-9.8%
Properties For Sale ................................................
137
98
106
123
-10.2%
Days on Market (Pending Sale) ...........................
53
43
50
40
-24.5%
Month’s Supply of Inventory ................................
3.1
4.1
3.2
3.8
23.4%
Percent Under Contract ........................................
29.9%
30.6%
37.7%
30.1%
0.5%
Average Median Price for Last 12 Months ........
$499,000
$554,658
$569,250
$546,412
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$530
AUG
$610,000
SEP OCT
MEDIAN SALES PRICE
NOV
$345
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 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 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,385,000
$1,499,500
$1,466,000
$1,472,500
6.3%
Average Price per Square Foot ...........................
$632
$667
$528
$551
-12.8%
Properties Sold .......................................................
14
4
13
10
-28.6%
Properties Pending Sale .......................................
13
8
15
16
23.1%
Properties For Sale ................................................
65
64
70
88
35.4%
Days on Market (Pending Sale) ...........................
82
94
63
89
8.5%
Month’s Supply of Inventory ................................
4.6
16
5.4
8.8
89.5%
Percent Under Contract ........................................
20.0%
12.5%
21.4%
18.2%
-9.1%
Average Median Price for Last 12 Months ........
$1,459,000
$1,543,760
$1,494,167
$1,500,855
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.385
AUG
$1,472,500
SEP OCT
MEDIAN SALES PRICE
NOV
$551
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.472 M E 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 2015
telesproperties.com
West Newport - Lido DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,925,000
$2,300,000
$2,520,000
$1,775,000
-7.8%
Average Price per Square Foot ...........................
$1,013
$962
$1,431
$1,072
5.8%
Properties Sold .......................................................
11
5
7
11
0.0%
Properties Pending Sale .......................................
7
12
12
7
0.0%
Properties For Sale ................................................
51
43
54
58
13.7%
Days on Market (Pending Sale) ...........................
70
66
51
97
38.6%
Month’s Supply of Inventory ................................
4.6
8.6
7.7
5.3
13.7%
Percent Under Contract ........................................
13.7%
27.9%
22.2%
12.1%
-12.1%
Average Median Price for Last 12 Months ........
$1,937,000
$2,109,583
$2,049,167
$2,129,667
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.925
AUG
$1,775,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,072
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 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 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : July 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : July 2015
telesproperties.com
Carpinteria DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$888,000
$1,042,500
$795,000
$1,107,925
24.8%
Average Price per Square Foot ...........................
$1,203
$1,824
$658
$601
-50.0%
Properties Sold .......................................................
5
6
7
4
-20.0%
Properties Pending Sale .......................................
5
7
11
3
-40.0%
Properties For Sale ................................................
44
38
40
32
-27.3%
Days on Market (Pending Sale) ...........................
63
75
26
12
-81.0%
Month’s Supply of Inventory ................................
8.8
6.3
5.7
8
-9.1%
Percent Under Contract ........................................
11.4%
18.4%
27.5%
9.4%
-17.5%
Average Median Price for Last 12 Months ........
$1,098,000
$926,988
$1,025,642
$986,571
-10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$888
AUG
$1,107,925
SEP OCT
MEDIAN SALES PRICE
NOV
$601
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.107 M E 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 2015
telesproperties.com
Goleta DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$775,000
$680,000
$835,000
$770,214
-0.6%
Average Price per Square Foot ...........................
$435
$499
$417
$455
4.6%
Properties Sold .......................................................
10
7
11
5
-50.0%
Properties Pending Sale .......................................
9
4
11
2
-77.8%
Properties For Sale ................................................
33
32
35
18
-45.5%
Days on Market (Pending Sale) ...........................
17
44
19
31
82.4%
Month’s Supply of Inventory ................................
3.3
4.6
3.2
3.6
9.1%
Percent Under Contract ........................................
27.3%
12.5%
31.4%
11.1%
-59.3%
Average Median Price for Last 12 Months ........
$761,000
$771,502
$784,238
$767,382
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$775
AUG
$770,214
SEP OCT
MEDIAN SALES PRICE
NOV
$455
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Hope Ranch DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$2,105,000
$3,350,000
$4,685,000
$0
-100.0%
Average Price per Square Foot ...........................
$1,018
$842
$1,100
$0
-100.0%
Properties Sold .......................................................
4
3
4
0
-100.0%
Properties Pending Sale .......................................
4
4
4
1
-75.0%
Properties For Sale ................................................
35
21
24
22
-37.1%
Days on Market (Pending Sale) ...........................
90
153
92
15
-83.3%
Month’s Supply of Inventory ................................
8.7
7
6
0
0%
Percent Under Contract ........................................
11.4%
19.0%
16.7%
4.5%
-60.2%
Average Median Price for Last 12 Months ........
$2,971,000
$3,403,500
$3,525,000
$2,987,875
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.105
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 2015
telesproperties.com
Montecito DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$3,650,000
$4,860,062
$2,580,000
$2,650,000
-27.4%
Average Price per Square Foot ...........................
$1,241
$980
$856
$1,513
21.9%
Properties Sold .......................................................
23
12
12
5
-78.3%
Properties Pending Sale .......................................
25
12
19
7
-72.0%
Properties For Sale ................................................
178
127
161
156
-12.4%
Days on Market (Pending Sale) ...........................
44
81
75
39
-11.4%
Month’s Supply of Inventory ................................
7.7
10.6
13.4
31.2
303.1%
Percent Under Contract ........................................
14.0%
9.4%
11.8%
4.5%
-68.1%
Average Median Price for Last 12 Months ........
$2,411,000
$3,670,000
$3,513,333
$3,403,639
41.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.650
AUG
$2,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,513
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
31.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Santa Barbara East of State DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,080,000
$1,420,000
$1,100,000
$997,500
-7.6%
Average Price per Square Foot ...........................
$658
$621
$603
$741
12.6%
Properties Sold .......................................................
21
17
21
8
-61.9%
Properties Pending Sale .......................................
23
17
37
8
-65.2%
Properties For Sale ................................................
136
102
148
115
-15.4%
Days on Market (Pending Sale) ...........................
51
76
46
71
39.2%
Month’s Supply of Inventory ................................
6.5
6
7
14.4
122.0%
Percent Under Contract ........................................
16.9%
16.7%
25.0%
7.0%
-58.9%
Average Median Price for Last 12 Months ........
$1,084,000
$1,239,667
$1,318,000
$1,220,135
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.080
AUG
$997,500
SEP OCT
MEDIAN SALES PRICE
NOV
$741
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
14.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$997 M E 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 2015
telesproperties.com
Santa Barbara West of State DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$800,000
$877,500
$847,500
$1,152,500
44.1%
Average Price per Square Foot ...........................
$594
$649
$614
$574
-3.4%
Properties Sold .......................................................
19
18
26
10
-47.4%
Properties Pending Sale .......................................
22
14
26
10
-54.5%
Properties For Sale ................................................
71
67
64
44
-38.0%
Days on Market (Pending Sale) ...........................
31
46
58
40
29.0%
Month’s Supply of Inventory ................................
3.7
3.7
2.5
4.4
17.7%
Percent Under Contract ........................................
31.0%
20.9%
40.6%
22.7%
-26.7%
Average Median Price for Last 12 Months ........
$894,000
$1,047,500
$1,136,667
$1,048,308
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$800
AUG
$1,152,500
SEP OCT
MEDIAN SALES PRICE
NOV
$574
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.152 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Santa Ynez DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$875,000
$662,500
$992,000
$895,000
2.3%
Average Price per Square Foot ...........................
$349
$341
$653
$407
16.6%
Properties Sold .......................................................
13
6
8
1
-92.3%
Properties Pending Sale .......................................
10
15
16
5
-50.0%
Properties For Sale ................................................
119
101
100
105
-11.8%
Days on Market (Pending Sale) ...........................
101
122
161
49
-51.5%
Month’s Supply of Inventory ................................
9.2
16.8
12.5
105
1047.1%
Percent Under Contract ........................................
8.4%
14.9%
16.0%
4.8%
-43.3%
Average Median Price for Last 12 Months ........
$699,000
$863,375
$843,583
$781,673
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$875
AUG
$895,000
SEP OCT
MEDIAN SALES PRICE
NOV
$407
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
105 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : July 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : July 2015
telesproperties.com
Carmel DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,325,000
$1,237,500
$1,277,500
$1,375,500
3.8%
Average Price per Square Foot ...........................
$823
$725
$831
$727
-11.7%
Properties Sold .......................................................
25
12
16
22
-12.0%
Properties Pending Sale .......................................
28
16
25
21
-25.0%
Properties For Sale ................................................
144
119
143
168
16.7%
Days on Market (Pending Sale) ...........................
96
118
86
92
-4.2%
Month’s Supply of Inventory ................................
5.8
9.9
8.9
7.6
32.6%
Percent Under Contract ........................................
19.4%
13.4%
17.5%
12.5%
-35.7%
Average Median Price for Last 12 Months ........
$1,328,000
$1,309,917
$1,218,500
$1,371,396
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.325
AUG
$1,375,500
SEP OCT
MEDIAN SALES PRICE
NOV
$727
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.375 M E 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 2015
telesproperties.com
Carmel Valley DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$812,000
$1,110,000
$1,100,000
$698,388
-14.0%
Average Price per Square Foot ...........................
$346
$445
$441
$485
40.2%
Properties Sold .......................................................
14
8
6
10
-28.6%
Properties Pending Sale .......................................
12
9
13
12
0.0%
Properties For Sale ................................................
100
71
76
66
-34.0%
Days on Market (Pending Sale) ...........................
134
102
258
119
-11.2%
Month’s Supply of Inventory ................................
7.1
8.9
12.7
6.6
-7.6%
Percent Under Contract ........................................
12.0%
12.7%
17.1%
18.2%
51.5%
Average Median Price for Last 12 Months ........
$994,000
$918,606
$898,879
$913,511
-8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$812
AUG
$698,388
SEP OCT
MEDIAN SALES PRICE
NOV
$485
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$698 M E 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 2015
telesproperties.com
Marina DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$411,000
$435,000
$427,500
$453,500
10.3%
Average Price per Square Foot ...........................
$280
$267
$313
$274
-2.1%
Properties Sold .......................................................
7
7
12
10
42.9%
Properties Pending Sale .......................................
8
7
10
14
75.0%
Properties For Sale ................................................
39
24
21
23
-41.0%
Days on Market (Pending Sale) ...........................
34
58
61
32
-5.9%
Month’s Supply of Inventory ................................
5.6
3.4
1.8
2.3
-58.7%
Percent Under Contract ........................................
20.5%
29.2%
47.6%
60.9%
196.7%
Average Median Price for Last 12 Months ........
$401,000
$436,817
$445,167
$432,696
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$411
AUG
$453,500
SEP OCT
MEDIAN SALES PRICE
NOV
$274
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$453 M E 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 2015
telesproperties.com
Monterey DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$895,000
$654,000
$712,000
$820,000
-8.4%
Average Price per Square Foot ...........................
$508
$371
$769
$408
-19.7%
Properties Sold .......................................................
13
14
22
35
169.2%
Properties Pending Sale .......................................
22
19
27
17
-22.7%
Properties For Sale ................................................
127
103
89
96
-24.4%
Days on Market (Pending Sale) ...........................
107
96
57
74
-30.8%
Month’s Supply of Inventory ................................
9.8
7.4
4
2.7
-71.9%
Percent Under Contract ........................................
17.3%
18.4%
30.3%
17.7%
2.2%
Average Median Price for Last 12 Months ........
$614,000
$703,625
$740,000
$692,850
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$895
AUG
$820,000
SEP OCT
MEDIAN SALES PRICE
NOV
$408
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Pacific Grove DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$713,500
$681,000
$727,500
$685,000
-4.0%
Average Price per Square Foot ...........................
$578
$682
$482
$603
4.3%
Properties Sold .......................................................
13
9
11
21
61.5%
Properties Pending Sale .......................................
15
9
21
14
-6.7%
Properties For Sale ................................................
59
54
57
64
8.5%
Days on Market (Pending Sale) ...........................
73
78
48
47
-35.6%
Month’s Supply of Inventory ................................
4.5
6
5.2
3
-32.8%
Percent Under Contract ........................................
25.4%
16.7%
36.8%
21.9%
-14.0%
Average Median Price for Last 12 Months ........
$705,000
$790,833
$766,667
$762,692
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$713
AUG
$685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$603
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
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 2015
telesproperties.com
Pebble Beach DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,650,000
$1,963,750
$1,340,000
$1,125,000
-31.8%
Average Price per Square Foot ...........................
$615
$805
$555
$688
11.9%
Properties Sold .......................................................
11
6
11
12
9.1%
Properties Pending Sale .......................................
12
8
9
8
-33.3%
Properties For Sale ................................................
96
78
73
89
-7.3%
Days on Market (Pending Sale) ...........................
67
124
101
253
277.6%
Month’s Supply of Inventory ................................
8.7
13
6.6
7.4
-15.0%
Percent Under Contract ........................................
12.5%
10.3%
12.3%
9.0%
-28.1%
Average Median Price for Last 12 Months ........
$1,508,000
$1,561,083
$1,605,333
$1,507,519
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.650
JUL AUG
$1,125,000
SEP OCT
MEDIAN SALES PRICE
NOV
$688
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Salinas DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$379,000
$382,450
$415,000
$411,450
8.6%
Average Price per Square Foot ...........................
$238
$255
$266
$255
7.1%
Properties Sold .......................................................
66
46
53
74
12.1%
Properties Pending Sale .......................................
59
54
89
63
6.8%
Properties For Sale ................................................
250
183
223
224
-10.4%
Days on Market (Pending Sale) ...........................
37
65
42
45
21.6%
Month’s Supply of Inventory ................................
3.8
4
4.2
3
-20.1%
Percent Under Contract ........................................
23.6%
29.5%
39.9%
28.1%
19.2%
Average Median Price for Last 12 Months ........
$346,000
$418,021
$414,375
$403,871
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$379
AUG
$411,450
SEP OCT
MEDIAN SALES PRICE
NOV
$255
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$411 M E 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 2015
telesproperties.com
Seaside DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$360,000
$320,000
$371,500
$445,000
23.6%
Average Price per Square Foot ...........................
$312
$300
$302
$310
-0.6%
Properties Sold .......................................................
13
14
19
21
61.5%
Properties Pending Sale .......................................
23
8
19
15
-34.8%
Properties For Sale ................................................
84
36
37
43
-48.8%
Days on Market (Pending Sale) ...........................
79
65
55
17
-78.5%
Month’s Supply of Inventory ................................
6.5
2.6
1.9
2
-68.3%
Percent Under Contract ........................................
27.4%
22.2%
51.4%
34.9%
27.4%
Average Median Price for Last 12 Months ........
$340,000
$386,750
$423,000
$372,983
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$360
AUG
$445,000
SEP OCT
MEDIAN SALES PRICE
NOV
$310
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 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 2015
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Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : July 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : July 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$615,000
$650,000
$617,500
$670,000
8.9%
Average Price per Square Foot ...........................
$441
$476
$500
$521
18.1%
Properties Sold .......................................................
7
7
10
12
71.4%
Properties Pending Sale .......................................
12
8
12
13
8.3%
Properties For Sale ................................................
37
33
34
40
8.1%
Days on Market (Pending Sale) ...........................
56
66
11
31
-44.6%
Month’s Supply of Inventory ................................
5.3
4.7
3.4
3.3
-36.9%
Percent Under Contract ........................................
32.4%
24.2%
35.3%
32.5%
0.2%
Average Median Price for Last 12 Months ........
$630,000
$690,033
$657,000
$654,246
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$615
AUG
$670,000
SEP OCT
MEDIAN SALES PRICE
NOV
$521
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Beverly Hills DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$955,000
$1,040,000
$977,500
$1,130,000
18.3%
Average Price per Square Foot ...........................
$561
$594
$567
$568
1.2%
Properties Sold .......................................................
6
7
12
12
100.0%
Properties Pending Sale .......................................
11
8
14
15
36.4%
Properties For Sale ................................................
59
66
55
61
3.4%
Days on Market (Pending Sale) ...........................
65
181
83
54
-16.9%
Month’s Supply of Inventory ................................
9.8
9.4
4.6
5.1
-48.3%
Percent Under Contract ........................................
18.6%
12.1%
25.5%
24.6%
31.9%
Average Median Price for Last 12 Months ........
$929,000
$1,103,565
$1,100,000
$1,095,184
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$955
AUG
$1,130,000
SEP OCT
MEDIAN SALES PRICE
NOV
$568
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.130 M E 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 2015
telesproperties.com
Brentwood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$758,500
$600,000
$789,000
$785,500
3.6%
Average Price per Square Foot ...........................
$514
$519
$565
$559
8.8%
Properties Sold .......................................................
10
15
23
28
180.0%
Properties Pending Sale .......................................
25
8
23
17
-32.0%
Properties For Sale ................................................
107
63
74
87
-18.7%
Days on Market (Pending Sale) ...........................
33
38
69
36
9.1%
Month’s Supply of Inventory ................................
10.7
4.2
3.2
3.1
-71.0%
Percent Under Contract ........................................
23.4%
12.7%
31.1%
19.5%
-16.4%
Average Median Price for Last 12 Months ........
$679,000
$762,733
$787,167
$753,185
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$758
AUG
$785,500
SEP OCT
MEDIAN SALES PRICE
NOV
$559
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2015
telesproperties.com
Culver City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$407,500
$420,000
$445,000
$462,500
13.5%
Average Price per Square Foot ...........................
$399
$400
$430
$421
5.5%
Properties Sold .......................................................
22
19
23
18
-18.2%
Properties Pending Sale .......................................
17
22
23
21
23.5%
Properties For Sale ................................................
48
47
47
53
10.4%
Days on Market (Pending Sale) ...........................
56
49
34
17
-69.6%
Month’s Supply of Inventory ................................
2.2
2.5
2
2.9
35.0%
Percent Under Contract ........................................
35.4%
46.8%
48.9%
39.6%
11.9%
Average Median Price for Last 12 Months ........
$370,000
$441,167
$460,000
$428,500
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$407
AUG
$462,500
SEP OCT
MEDIAN SALES PRICE
NOV
$421
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$462 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Encino DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$255,000
$306,000
$335,000
$327,000
28.2%
Average Price per Square Foot ...........................
$416
$268
$272
$289
-30.5%
Properties Sold .......................................................
12
8
14
23
91.7%
Properties Pending Sale .......................................
17
10
14
14
-17.6%
Properties For Sale ................................................
42
36
31
45
7.1%
Days on Market (Pending Sale) ...........................
79
52
75
59
-25.3%
Month’s Supply of Inventory ................................
3.5
4.5
2.2
2
-44.1%
Percent Under Contract ........................................
40.5%
27.8%
45.2%
31.1%
-23.1%
Average Median Price for Last 12 Months ........
$286,615
$332,000
$334,667
$312,462
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$255
AUG
$327,000
SEP OCT
MEDIAN SALES PRICE
NOV
$289
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$327 M E 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 2015
telesproperties.com
Malibu DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$589,000
$589,000
$640,000
$897,000
52.3%
Average Price per Square Foot ...........................
$576
$350
$416
$613
6.4%
Properties Sold .......................................................
3
1
1
6
100.0%
Properties Pending Sale .......................................
3
1
3
5
66.7%
Properties For Sale ................................................
22
20
29
36
63.6%
Days on Market (Pending Sale) ...........................
60
114
62
83
38.3%
Month’s Supply of Inventory ................................
7.3
20
29
6
-18.2%
Percent Under Contract ........................................
13.6%
5.0%
10.3%
13.9%
1.9%
Average Median Price for Last 12 Months ........
$817,000
$877,833
$672,333
$863,154
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$589
AUG
$897,000
SEP OCT
MEDIAN SALES PRICE
NOV
$613
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$897 M E 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 2015
telesproperties.com
Marina Del Rey DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$767,500
$825,500
$905,000
$861,000
12.2%
Average Price per Square Foot ...........................
$560
$546
$657
$621
10.9%
Properties Sold .......................................................
34
14
21
31
-8.8%
Properties Pending Sale .......................................
34
16
26
25
-26.5%
Properties For Sale ................................................
121
104
109
105
-13.2%
Days on Market (Pending Sale) ...........................
63
35
110
59
-6.3%
Month’s Supply of Inventory ................................
3.6
7.4
5.2
3.4
-4.8%
Percent Under Contract ........................................
28.1%
15.4%
23.9%
23.8%
-15.3%
Average Median Price for Last 12 Months ........
$738,000
$875,000
$835,333
$821,519
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$767
AUG
$861,000
SEP OCT
MEDIAN SALES PRICE
NOV
$621
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$861 M E 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 2015
telesproperties.com
Santa Monica DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$872,500
$783,750
$1,280,000
$919,000
5.3%
Average Price per Square Foot ...........................
$804
$850
$1,030
$820
2.0%
Properties Sold .......................................................
36
24
26
43
19.4%
Properties Pending Sale .......................................
43
30
42
54
25.6%
Properties For Sale ................................................
165
99
131
165
0.0%
Days on Market (Pending Sale) ...........................
32
57
50
44
37.5%
Month’s Supply of Inventory ................................
4.6
4.1
5
3.8
-16.3%
Percent Under Contract ........................................
26.1%
30.3%
32.1%
32.7%
25.6%
Average Median Price for Last 12 Months ........
$705,000
$977,250
$962,667
$971,050
37.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$872
AUG
$919,000
SEP OCT
MEDIAN SALES PRICE
NOV
$820
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$919 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Sherman Oaks DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$390,000
$429,000
$420,000
$435,000
11.5%
Average Price per Square Foot ...........................
$311
$316
$335
$343
10.3%
Properties Sold .......................................................
16
13
26
27
68.8%
Properties Pending Sale .......................................
33
34
21
22
-33.3%
Properties For Sale ................................................
51
35
30
40
-21.6%
Days on Market (Pending Sale) ...........................
56
60
51
54
-3.6%
Month’s Supply of Inventory ................................
3.2
2.7
1.2
1.5
-53.5%
Percent Under Contract ........................................
64.7%
97.1%
70.0%
55.0%
-15.0%
Average Median Price for Last 12 Months ........
$376,231
$435,333
$432,333
$414,846
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$390
AUG
$435,000
SEP OCT
MEDIAN SALES PRICE
NOV
$343
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Studio City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$529,000
$550,000
$547,000
$495,000
-6.4%
Average Price per Square Foot ...........................
$381
$421
$403
$415
8.9%
Properties Sold .......................................................
15
7
9
15
0.0%
Properties Pending Sale .......................................
13
16
14
20
53.8%
Properties For Sale ................................................
28
27
21
31
10.7%
Days on Market (Pending Sale) ...........................
64
57
62
63
-1.6%
Month’s Supply of Inventory ................................
1.9
3.9
2.3
2.1
10.7%
Percent Under Contract ........................................
46.4%
59.3%
66.7%
64.5%
39.0%
Average Median Price for Last 12 Months ........
$455,923
$522,167
$527,000
$517,538
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$529
AUG
$495,000
SEP OCT
MEDIAN SALES PRICE
NOV
$415
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Venice DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,385,000
$1,098,500
$941,000
$1,633,500
17.9%
Average Price per Square Foot ...........................
$672
$691
$997
$1,051
56.4%
Properties Sold .......................................................
2
4
2
2
0.0%
Properties Pending Sale .......................................
2
3
5
1
-50.0%
Properties For Sale ................................................
20
18
19
24
20.0%
Days on Market (Pending Sale) ...........................
54
68
104
47
-13.0%
Month’s Supply of Inventory ................................
10
4.5
9.5
12
20.0%
Percent Under Contract ........................................
10.0%
16.7%
26.3%
4.2%
-58.3%
Average Median Price for Last 12 Months ........
$1,051,000
$1,272,917
$1,541,500
$1,176,042
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.385
AUG
$1,633,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,051
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.633 M E 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 2015
telesproperties.com
West Hollywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$590,000
$635,000
$594,500
$635,000
7.6%
Average Price per Square Foot ...........................
$513
$521
$594
$604
17.7%
Properties Sold .......................................................
35
17
31
33
-5.7%
Properties Pending Sale .......................................
31
36
47
44
41.9%
Properties For Sale ................................................
138
135
145
142
2.9%
Days on Market (Pending Sale) ...........................
49
56
48
54
10.2%
Month’s Supply of Inventory ................................
3.9
7.9
4.7
4.3
9.1%
Percent Under Contract ........................................
22.5%
26.7%
32.4%
31.0%
37.9%
Average Median Price for Last 12 Months ........
$556,000
$613,833
$614,167
$618,846
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$590
AUG
$635,000
SEP OCT
MEDIAN SALES PRICE
NOV
$604
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$635 M E 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 2015
telesproperties.com
West LA DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$596,000
$612,500
$697,500
$766,000
28.5%
Average Price per Square Foot ...........................
$483
$443
$494
$498
3.1%
Properties Sold .......................................................
21
13
18
14
-33.3%
Properties Pending Sale .......................................
17
17
16
16
-5.9%
Properties For Sale ................................................
55
43
47
45
-18.2%
Days on Market (Pending Sale) ...........................
38
66
36
36
-5.3%
Month’s Supply of Inventory ................................
2.6
3.3
2.6
3.2
22.7%
Percent Under Contract ........................................
30.9%
39.5%
34.0%
35.6%
15.0%
Average Median Price for Last 12 Months ........
$619,000
$678,583
$714,500
$642,654
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$596
AUG
$766,000
SEP OCT
MEDIAN SALES PRICE
NOV
$498
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$766 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Westwood - Century City DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$798,000
$788,000
$747,500
$740,000
-7.3%
Average Price per Square Foot ...........................
$796
$584
$651
$642
-19.3%
Properties Sold .......................................................
47
41
58
55
17.0%
Properties Pending Sale .......................................
48
33
60
68
41.7%
Properties For Sale ................................................
304
257
280
301
-1.0%
Days on Market (Pending Sale) ...........................
53
78
59
42
-20.8%
Month’s Supply of Inventory ................................
6.5
6.3
4.8
5.5
-15.4%
Percent Under Contract ........................................
15.8%
12.8%
21.4%
22.6%
43.1%
Average Median Price for Last 12 Months ........
$706,000
$763,917
$749,167
$765,298
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$798
AUG
$740,000
SEP OCT
MEDIAN SALES PRICE
NOV
$642
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2015
telesproperties.com
Beverlywood DATA*
Jul 2014
6 month
3 month
Jul 2015
% change
Median Price ..........................................................
$1,180,000
$1,620,000
$1,350,000
$
%
Average Price per Square Foot ...........................
$590
$720
$702
$0
-100.0%
Properties Sold .......................................................
9
4
7
0
-100.0%
Properties Pending Sale .......................................
8
5
8
0
-100.0%
Properties For Sale ................................................
29
15
27
0
-100.0%
Days on Market (Pending Sale) ...........................
77
123
36
0
-100.0%
Month’s Supply of Inventory ................................
3.2
3.8
3.9
0
0%
Percent Under Contract ........................................
27.6%
33.3%
29.6%
0%
0%
Average Median Price for Last 12 Months ........
$1,372,000
$1,359,583
$0
$1,371,285
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.180
AUG
$
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 2015
telesproperties.com
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