micro market report luxury real estate market research July 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO, RIVERSIDE
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : July 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : July 2016
telesproperties.com
Los Angeles County DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$555,975
$537,000
$575,000
$599,000
7.7%
Average Price per Square Foot ...........................
$428
$424
$443
$443
3.5%
Properties Sold .......................................................
5003
3061
4251
4254
-15.0%
Properties Pending Sale .......................................
5391
3512
5160
4851
-10.0%
Properties For Sale ................................................
19,900
15,312
17,601
18,640
-6.3%
Days on Market (Pending Sale) ...........................
42
54
40
38
-9.5%
Month’s Supply of Inventory ................................
4
5
4.1
4.4
10.2%
Percent Under Contract ........................................
27.1%
22.9%
29.3%
26.0%
-3.9%
Average Median Price for Last 12 Months ........
$527,229
$576,958
$594,667
$558,902
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
$555
AUG
$599,000
SEP OCT
MEDIAN SALES PRICE
NOV
$443
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,655,000
$2,300,000
$1,840,000
$2,600,000
57.1%
Average Price per Square Foot ...........................
$777
$873
$940
$1,007
29.6%
Properties Sold .......................................................
19
9
16
14
-26.3%
Properties Pending Sale .......................................
12
8
21
12
0.0%
Properties For Sale ................................................
120
102
147
156
30.0%
Days on Market (Pending Sale) ...........................
42
48
92
115
173.8%
Month’s Supply of Inventory ................................
6.3
11.3
9.2
11.1
76.4%
Percent Under Contract ........................................
10.0%
7.8%
14.3%
7.7%
-23.1%
Average Median Price for Last 12 Months ........
$2,194,938
$2,302,417
$2,571,667
$2,266,077
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.655
AUG
$2,600,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,007
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,751,000
$1,580,000
$1,590,000
$1,650,000
-5.8%
Average Price per Square Foot ...........................
$746
$685
$743
$727
-2.5%
Properties Sold .......................................................
20
11
19
18
-10.0%
Properties Pending Sale .......................................
18
12
16
17
-5.6%
Properties For Sale ................................................
79
74
77
86
8.9%
Days on Market (Pending Sale) ...........................
42
47
44
43
2.4%
Month’s Supply of Inventory ................................
4
6.7
4.1
4.8
21.0%
Percent Under Contract ........................................
22.8%
16.2%
20.8%
19.8%
-13.2%
Average Median Price for Last 12 Months ........
$1,427,171
$1,453,625
$1,421,667
$1,486,942
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
$1.751
AUG
$1,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$727
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Beverly Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$4,877,500
$4,250,000
$3,215,000
$5,088,500
4.3%
Average Price per Square Foot ...........................
$1,386
$1,104
$1,209
$1,178
-15.0%
Properties Sold .......................................................
18
13
10
14
-22.2%
Properties Pending Sale .......................................
10
9
14
9
-10.0%
Properties For Sale ................................................
91
100
128
115
26.4%
Days on Market (Pending Sale) ...........................
116
77
46
67
-42.2%
Month’s Supply of Inventory ................................
5.1
7.7
12.8
8.2
62.5%
Percent Under Contract ........................................
11.0%
9.0%
10.9%
7.8%
-28.8%
Average Median Price for Last 12 Months ........
$4,626,667
$4,886,000
$5,093,667
$4,904,068
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
$4.877
AUG
$5,088,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,178
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.088 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,863,000
$4,135,000
$2,575,000
$4,917,500
71.8%
Average Price per Square Foot ...........................
$1,109
$1,200
$718
$785
-29.2%
Properties Sold .......................................................
14
8
11
10
-28.6%
Properties Pending Sale .......................................
12
6
14
16
33.3%
Properties For Sale ................................................
155
140
154
190
22.6%
Days on Market (Pending Sale) ...........................
120
137
75
67
-44.2%
Month’s Supply of Inventory ................................
11.1
17.5
14
19
71.6%
Percent Under Contract ........................................
7.7%
4.3%
9.1%
8.4%
8.8%
Average Median Price for Last 12 Months ........
$2,617,250
$2,774,167
$3,126,667
$2,825,038
7.4%
*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
$2.863
AUG
$4,917,500
SEP OCT
MEDIAN SALES PRICE
NOV
$785
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
19 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.917 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Beverlywood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,348,000
$1,170,000
$1,160,000
$1,320,000
-2.1%
Average Price per Square Foot ...........................
$693
$667
$695
$699
0.9%
Properties Sold .......................................................
18
14
17
16
-11.1%
Properties Pending Sale .......................................
24
9
22
23
-4.2%
Properties For Sale ................................................
58
51
75
81
39.7%
Days on Market (Pending Sale) ...........................
25
58
35
33
32.0%
Month’s Supply of Inventory ................................
3.2
3.6
4.4
5.1
57.1%
Percent Under Contract ........................................
41.4%
17.6%
29.3%
28.4%
-31.4%
Average Median Price for Last 12 Months ........
$983,094
$1,248,352
$1,268,342
$1,163,240
15.5%
*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
$1.348
AUG
$1,320,000
SEP OCT
MEDIAN SALES PRICE
NOV
$699
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Brentwood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,348,250
$2,208,750
$2,496,500
$3,950,000
68.2%
Average Price per Square Foot ...........................
$1,028
$888
$1,240
$999
-2.8%
Properties Sold .......................................................
22
12
22
15
-31.8%
Properties Pending Sale .......................................
26
10
29
27
3.8%
Properties For Sale ................................................
134
117
156
162
20.9%
Days on Market (Pending Sale) ...........................
60
45
54
52
-13.3%
Month’s Supply of Inventory ................................
6.1
9.8
7.1
10.8
77.3%
Percent Under Contract ........................................
19.4%
8.5%
18.6%
16.7%
-14.1%
Average Median Price for Last 12 Months ........
$2,713,333
$3,074,167
$3,523,667
$3,013,183
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
$2.348
AUG
$3,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$999
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.950 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 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,685,000
$1,502,833
$2,305,000
$3,175,000
88.4%
Average Price per Square Foot ...........................
$751
$739
$714
$760
1.2%
Properties Sold .......................................................
7
7
6
7
0.0%
Properties Pending Sale .......................................
9
7
8
11
22.2%
Properties For Sale ................................................
28
32
28
35
25.0%
Days on Market (Pending Sale) ...........................
36
80
46
22
-38.9%
Month’s Supply of Inventory ................................
4
4.6
4.7
5
25.0%
Percent Under Contract ........................................
32.1%
21.9%
28.6%
31.4%
-2.2%
Average Median Price for Last 12 Months ........
$1,630,625
$2,197,917
$2,488,333
$1,930,516
15.5%
*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
$1.685
AUG
$3,175,000
SEP OCT
MEDIAN SALES PRICE
NOV
$760
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Culver City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,005,000
$938,000
$1,200,000
$1,117,750
11.2%
Average Price per Square Foot ...........................
$647
$589
$666
$699
8.0%
Properties Sold .......................................................
26
16
27
20
-23.1%
Properties Pending Sale .......................................
22
10
27
18
-18.2%
Properties For Sale ................................................
85
45
64
64
-24.7%
Days on Market (Pending Sale) ...........................
38
82
22
29
-23.7%
Month’s Supply of Inventory ................................
3.3
2.8
2.4
3.2
-2.1%
Percent Under Contract ........................................
25.9%
22.2%
42.2%
28.1%
8.7%
Average Median Price for Last 12 Months ........
$929,464
$1,120,708
$1,132,250
$1,071,519
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
$1.005
AUG
$1,117,750
SEP OCT
MEDIAN SALES PRICE
NOV
$699
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.117 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Downtown DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$272,000
$285,000
$269,625
$362,500
33.3%
Average Price per Square Foot ...........................
$357
$230
$242
$270
-24.4%
Properties Sold .......................................................
10
11
8
6
-40.0%
Properties Pending Sale .......................................
10
7
14
9
-10.0%
Properties For Sale ................................................
63
52
54
47
-25.4%
Days on Market (Pending Sale) ...........................
50
103
41
32
-36.0%
Month’s Supply of Inventory ................................
6.3
4.7
6.8
7.8
24.3%
Percent Under Contract ........................................
15.9%
13.5%
25.9%
19.1%
20.6%
Average Median Price for Last 12 Months ........
$277,817
$351,188
$369,167
$320,872
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
$272
AUG
$362,500
SEP OCT
MEDIAN SALES PRICE
NOV
$270
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$362 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,450,000
$1,330,438
$1,480,000
$1,475,000
1.7%
Average Price per Square Foot ...........................
$697
$618
$624
$673
-3.4%
Properties Sold .......................................................
25
18
29
24
-4.0%
Properties Pending Sale .......................................
13
17
27
27
107.7%
Properties For Sale ................................................
127
111
112
122
-3.9%
Days on Market (Pending Sale) ...........................
42
54
43
50
19.0%
Month’s Supply of Inventory ................................
5.1
6.2
3.9
5.1
0.1%
Percent Under Contract ........................................
10.2%
15.3%
24.1%
22.1%
116.2%
Average Median Price for Last 12 Months ........
$1,293,667
$1,577,000
$1,572,333
$1,493,418
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
$1.450
AUG
$1,475,000
SEP OCT
MEDIAN SALES PRICE
NOV
$673
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Hollywood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$682,500
$1,005,000
$2,300,000
$872,000
27.8%
Average Price per Square Foot ...........................
$496
$568
$769
$537
8.3%
Properties Sold .......................................................
12
5
3
8
-33.3%
Properties Pending Sale .......................................
10
11
9
3
-70.0%
Properties For Sale ................................................
49
45
40
32
-34.7%
Days on Market (Pending Sale) ...........................
35
60
36
28
-20.0%
Month’s Supply of Inventory ................................
4.1
9
13.3
4
-2.0%
Percent Under Contract ........................................
20.4%
24.4%
22.5%
9.4%
-54.1%
Average Median Price for Last 12 Months ........
$791,114
$1,088,167
$836,667
$964,873
18.0%
*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
$682
AUG
$872,000
SEP OCT
MEDIAN SALES PRICE
NOV
$537
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$872 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Hollywood Hills East DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,300,000
$1,120,000
$1,375,582
$2,562,500
97.1%
Average Price per Square Foot ...........................
$614
$590
$669
$548
-10.7%
Properties Sold .......................................................
15
12
10
4
-73.3%
Properties Pending Sale .......................................
11
11
16
9
-18.2%
Properties For Sale ................................................
90
57
70
63
-30.0%
Days on Market (Pending Sale) ...........................
47
56
53
28
-40.4%
Month’s Supply of Inventory ................................
8.2
5.2
4.4
15.8
92.5%
Percent Under Contract ........................................
12.2%
19.3%
22.9%
14.3%
16.9%
Average Median Price for Last 12 Months ........
$1,203,122
$1,491,500
$1,733,640
$1,339,817
10.2%
*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
$1.300
AUG
$2,562,500
SEP OCT
MEDIAN SALES PRICE
NOV
$548
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Laurel Canyon DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,636,000
$1,331,055
$1,312,500
$0
-100.0%
Average Price per Square Foot ...........................
$725
$720
$759
$0
-100.0%
Properties Sold .......................................................
41
17
18
0
-100.0%
Properties Pending Sale .......................................
39
14
28
0
-100.0%
Properties For Sale ................................................
153
125
146
0
-100.0%
Days on Market (Pending Sale) ...........................
48
49
35
0
-100.0%
Month’s Supply of Inventory ................................
3.9
8.9
5.2
n/a
n/a
Percent Under Contract ........................................
25.5%
11.2%
19.2%
n/a
n/a
Average Median Price for Last 12 Months ........
$1,469,515
$1,539,500
$1,575,000
$1,471,255
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
$1.636
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
n/a 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 2016
telesproperties.com
Los Feliz DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,380,000
$1,329,000
$1,575,000
$1,325,000
-4.0%
Average Price per Square Foot ...........................
$703
$655
$618
$660
-6.1%
Properties Sold .......................................................
21
15
17
15
-28.6%
Properties Pending Sale .......................................
25
16
19
19
-24.0%
Properties For Sale ................................................
115
79
70
90
-21.7%
Days on Market (Pending Sale) ...........................
53
59
37
74
39.6%
Month’s Supply of Inventory ................................
4.6
4.9
3.7
6
30.4%
Percent Under Contract ........................................
21.7%
20.3%
27.1%
21.1%
-2.9%
Average Median Price for Last 12 Months ........
$1,348,204
$1,613,292
$1,379,333
$1,525,319
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
$1.380
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$660
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Malibu DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,637,500
$2,512,500
$1,785,000
$2,030,000
-23.0%
Average Price per Square Foot ...........................
$833
$866
$817
$696
-16.4%
Properties Sold .......................................................
14
10
14
13
-7.1%
Properties Pending Sale .......................................
18
15
22
20
11.1%
Properties For Sale ................................................
252
203
219
226
-10.3%
Days on Market (Pending Sale) ...........................
86
83
127
103
19.8%
Month’s Supply of Inventory ................................
18
20.3
15.6
17.4
-3.4%
Percent Under Contract ........................................
7.1%
7.4%
10.0%
8.8%
23.9%
Average Median Price for Last 12 Months ........
$2,302,833
$2,339,583
$2,693,333
$2,360,895
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.637
JUL AUG
$2,030,000
SEP OCT
MEDIAN SALES PRICE
NOV
$696
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
17.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.030 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Malibu Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$8,137,500
$10,400,000
$5,050,000
$2,611,500
-67.9%
Average Price per Square Foot ...........................
$2,135
$3,806
$2,152
$1,302
-39.0%
Properties Sold .......................................................
4
4
4
2
-50.0%
Properties Pending Sale .......................................
5
4
3
7
40.0%
Properties For Sale ................................................
86
75
87
101
17.4%
Days on Market (Pending Sale) ...........................
92
103
133
88
-4.3%
Month’s Supply of Inventory ................................
21.5
18.8
21.8
50.5
134.9%
Percent Under Contract ........................................
5.8%
5.3%
3.4%
6.9%
19.2%
Average Median Price for Last 12 Months ........
$6,332,500
$6,876,500
$6,403,000
$7,077,038
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 $8.137
JUL AUG
$2,611,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,302
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
50.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.611 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Marina Del Rey DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,410,000
$1,992,500
$1,055,000
$3,450,000
144.7%
Average Price per Square Foot ...........................
$946
$685
$853
$818
-13.5%
Properties Sold .......................................................
3
4
8
1
-66.7%
Properties Pending Sale .......................................
5
5
6
5
0.0%
Properties For Sale ................................................
29
29
34
29
0.0%
Days on Market (Pending Sale) ...........................
45
45
70
58
28.9%
Month’s Supply of Inventory ................................
9.7
7.2
4.2
29
200.0%
Percent Under Contract ........................................
17.2%
17.2%
17.6%
17.2%
0.0%
Average Median Price for Last 12 Months ........
$1,526,319
$1,421,583
$1,917,500
$1,557,558
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.410
AUG
$3,450,000
SEP OCT
MEDIAN SALES PRICE
NOV
$818
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
29 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.450 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 2016
telesproperties.com
Mid Los Angeles DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$560,000
$495,000
$650,000
$705,000
25.9%
Average Price per Square Foot ...........................
$342
$370
$339
$394
15.2%
Properties Sold .......................................................
51
36
27
43
-15.7%
Properties Pending Sale .......................................
40
36
52
32
-20.0%
Properties For Sale ................................................
159
141
150
127
-20.1%
Days on Market (Pending Sale) ...........................
36
55
54
24
-33.3%
Month’s Supply of Inventory ................................
3.1
3.9
5.6
3
-5.3%
Percent Under Contract ........................................
25.2%
25.5%
34.7%
25.2%
0.2%
Average Median Price for Last 12 Months ........
$475,179
$606,948
$625,729
$571,019
16.8%
*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
$560
AUG
$705,000
SEP OCT
MEDIAN SALES PRICE
NOV
$394
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Mid Wilshire DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$752,500
$815,000
$744,000
$939,500
24.9%
Average Price per Square Foot ...........................
$326
$320
$335
$344
5.5%
Properties Sold .......................................................
6
2
3
4
-33.3%
Properties Pending Sale .......................................
3
2
6
2
-33.3%
Properties For Sale ................................................
30
24
17
16
-46.7%
Days on Market (Pending Sale) ...........................
86
51
66
11
-87.2%
Month’s Supply of Inventory ................................
5
12
5.7
4
-20.0%
Percent Under Contract ........................................
10.0%
8.3%
35.3%
12.5%
25.0%
Average Median Price for Last 12 Months ........
$625,850
$780,917
$814,833
$791,542
20.9%
*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
$752
AUG
$939,500
SEP OCT
MEDIAN SALES PRICE
NOV
$344
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$939 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Pacific Palisades DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,925,000
$2,964,750
$2,264,500
$2,525,000
-13.7%
Average Price per Square Foot ...........................
$974
$1,014
$956
$988
1.4%
Properties Sold .......................................................
27
16
16
24
-11.1%
Properties Pending Sale .......................................
18
23
31
22
22.2%
Properties For Sale ................................................
137
135
145
155
13.1%
Days on Market (Pending Sale) ...........................
58
81
53
44
-24.1%
Month’s Supply of Inventory ................................
5.1
8.4
9.1
6.5
27.3%
Percent Under Contract ........................................
13.1%
17.0%
21.4%
14.2%
8.0%
Average Median Price for Last 12 Months ........
$2,603,867
$2,537,333
$2,538,333
$2,731,875
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.925
AUG
$2,525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$988
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.5 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 2016
telesproperties.com
Palms - Mar Vista DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,257,500
$1,200,000
$1,288,875
$1,419,500
12.9%
Average Price per Square Foot ...........................
$708
$790
$758
$731
3.2%
Properties Sold .......................................................
47
19
30
34
-27.7%
Properties Pending Sale .......................................
34
21
36
26
-23.5%
Properties For Sale ................................................
84
65
104
83
-1.2%
Days on Market (Pending Sale) ...........................
24
43
27
36
50.0%
Month’s Supply of Inventory ................................
1.8
3.4
3.5
2.4
36.6%
Percent Under Contract ........................................
40.5%
32.3%
34.6%
31.3%
-22.6%
Average Median Price for Last 12 Months ........
$1,114,415
$1,298,004
$1,305,050
$1,268,348
12.1%
*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
$1.257
AUG
$1,419,500
SEP OCT
MEDIAN SALES PRICE
NOV
$731
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.419 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Playa Del Rey DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,090,000
$1,612,500
$2,430,000
$1,329,500
22.0%
Average Price per Square Foot ...........................
$779
$730
$517
$584
-25.0%
Properties Sold .......................................................
2
2
1
4
100.0%
Properties Pending Sale .......................................
4
3
4
3
-25.0%
Properties For Sale ................................................
13
13
17
20
53.8%
Days on Market (Pending Sale) ...........................
28
64
23
109
289.3%
Month’s Supply of Inventory ................................
6.5
6.5
17
5
-23.1%
Percent Under Contract ........................................
30.8%
23.1%
23.5%
15.0%
-51.2%
Average Median Price for Last 12 Months ........
$1,662,583
$1,577,129
$1,271,583
$1,503,713
-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
$1.090
AUG
$1,329,500
SEP OCT
MEDIAN SALES PRICE
NOV
$584
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.329 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Playa Vista DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,465,000
$0
$1,830,000
$1,909,250
30.3%
Average Price per Square Foot ...........................
$644
$0
$786
$806
25.2%
Properties Sold .......................................................
3
0
1
2
-33.3%
Properties Pending Sale .......................................
6
0
3
0
-100.0%
Properties For Sale ................................................
10
5
8
9
-10.0%
Days on Market (Pending Sale) ...........................
52
0
15
80
53.8%
Month’s Supply of Inventory ................................
3.3
n/a
8
0
-100.0%
Percent Under Contract ........................................
60.0%
0.0%
37.5%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,652,250
$1,777,813
$1,760,417
$1,804,583
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.465
AUG
$1,909,250
SEP OCT
MEDIAN SALES PRICE
NOV
$806
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.909 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Santa Monica DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,895,000
$2,200,000
$2,450,000
$2,150,000
-25.7%
Average Price per Square Foot ...........................
$1,151
$954
$1,242
$1,055
-8.3%
Properties Sold .......................................................
38
10
19
20
-47.4%
Properties Pending Sale .......................................
17
12
29
14
-17.6%
Properties For Sale ................................................
86
95
113
85
-1.2%
Days on Market (Pending Sale) ...........................
32
38
25
38
18.8%
Month’s Supply of Inventory ................................
2.3
9.5
5.9
4.2
87.8%
Percent Under Contract ........................................
19.8%
12.6%
25.7%
16.5%
-16.7%
Average Median Price for Last 12 Months ........
$2,341,562
$2,565,000
$2,131,667
$2,433,315
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 $2.895
JUL AUG
$2,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,055
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,707,500
$2,270,000
$1,520,000
$1,890,000
10.7%
Average Price per Square Foot ...........................
$777
$1,168
$816
$882
13.5%
Properties Sold .......................................................
38
26
37
31
-18.4%
Properties Pending Sale .......................................
46
22
43
50
8.7%
Properties For Sale ................................................
342
273
304
340
-0.6%
Days on Market (Pending Sale) ...........................
53
77
45
73
37.7%
Month’s Supply of Inventory ................................
9
10.5
8.2
11
21.9%
Percent Under Contract ........................................
13.5%
8.1%
14.1%
14.7%
9.3%
Average Median Price for Last 12 Months ........
$1,789,498
$1,773,083
$1,870,333
$1,724,385
-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
$1.707
AUG
$1,890,000
SEP OCT
MEDIAN SALES PRICE
NOV
$882
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11 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 2016
telesproperties.com
Venice DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,890,300
$2,162,500
$1,750,000
$1,725,000
-8.7%
Average Price per Square Foot ...........................
$1,016
$1,115
$1,164
$945
-7.0%
Properties Sold .......................................................
16
13
15
23
43.8%
Properties Pending Sale .......................................
19
9
20
23
21.1%
Properties For Sale ................................................
75
79
87
105
40.0%
Days on Market (Pending Sale) ...........................
39
55
74
42
7.7%
Month’s Supply of Inventory ................................
4.7
6.1
5.8
4.6
-2.6%
Percent Under Contract ........................................
25.3%
11.4%
23.0%
21.9%
-13.5%
Average Median Price for Last 12 Months ........
$1,721,862
$1,803,515
$1,840,364
$1,793,771
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.890
AUG
$1,725,000
SEP OCT
MEDIAN SALES PRICE
NOV
$945
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
West Hollywood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,267,500
$1,493,250
$1,275,000
$1,555,000
22.7%
Average Price per Square Foot ...........................
$836
$992
$843
$790
-5.5%
Properties Sold .......................................................
10
8
7
9
-10.0%
Properties Pending Sale .......................................
7
8
15
10
42.9%
Properties For Sale ................................................
53
44
63
75
41.5%
Days on Market (Pending Sale) ...........................
64
26
31
31
-51.6%
Month’s Supply of Inventory ................................
5.3
5.5
9
8.3
57.2%
Percent Under Contract ........................................
13.2%
18.2%
23.8%
13.3%
1.0%
Average Median Price for Last 12 Months ........
$1,434,042
$1,535,625
$1,571,667
$1,483,156
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
$1.267
AUG
$1,555,000
SEP OCT
MEDIAN SALES PRICE
NOV
$790
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.555 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 2016
telesproperties.com
West Los Angeles DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$900,000
$1,092,500
$1,380,000
$1,128,500
25.4%
Average Price per Square Foot ...........................
$615
$684
$649
$715
16.3%
Properties Sold .......................................................
9
6
9
8
-11.1%
Properties Pending Sale .......................................
12
6
13
14
16.7%
Properties For Sale ................................................
42
34
39
47
11.9%
Days on Market (Pending Sale) ...........................
64
40
23
19
-70.3%
Month’s Supply of Inventory ................................
4.7
5.7
4.3
5.9
25.9%
Percent Under Contract ........................................
28.6%
17.6%
33.3%
29.8%
4.3%
Average Median Price for Last 12 Months ........
$836,315
$1,084,500
$1,097,333
$1,075,519
28.6%
*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
$900
AUG
$1,128,500
SEP OCT
MEDIAN SALES PRICE
NOV
$715
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.128 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 2016
telesproperties.com
Westchester DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$924,500
$1,072,000
$1,017,250
$1,160,000
25.5%
Average Price per Square Foot ...........................
$605
$556
$691
$608
0.5%
Properties Sold .......................................................
30
15
20
27
-10.0%
Properties Pending Sale .......................................
27
21
30
33
22.2%
Properties For Sale ................................................
76
59
74
92
21.1%
Days on Market (Pending Sale) ...........................
20
48
23
24
20.0%
Month’s Supply of Inventory ................................
2.5
3.9
3.7
3.4
34.5%
Percent Under Contract ........................................
35.5%
35.6%
40.5%
35.9%
1.0%
Average Median Price for Last 12 Months ........
$871,744
$1,042,117
$1,116,067
$992,337
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
$924
AUG
$1,160,000
SEP OCT
MEDIAN SALES PRICE
NOV
$608
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Westwood - Century City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,500,000
$1,715,000
$1,735,000
$1,572,000
4.8%
Average Price per Square Foot ...........................
$879
$837
$865
$820
-6.7%
Properties Sold .......................................................
16
12
15
13
-18.8%
Properties Pending Sale .......................................
22
10
23
18
-18.2%
Properties For Sale ................................................
76
54
84
75
-1.3%
Days on Market (Pending Sale) ...........................
29
29
48
55
89.7%
Month’s Supply of Inventory ................................
4.8
4.5
5.6
5.8
21.5%
Percent Under Contract ........................................
28.9%
18.5%
27.4%
24.0%
-17.1%
Average Median Price for Last 12 Months ........
$1,718,010
$1,932,272
$2,216,210
$1,831,586
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
$1.500
AUG
$1,572,000
SEP OCT
MEDIAN SALES PRICE
NOV
$820
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.572 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
South Bay Macro Market DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,292,833
$1,180,412
$1,219,690
$1,240,554
-4.0%
Average Price per Square Foot ...........................
$631
$597
$586
$596
-5.5%
Properties Sold .......................................................
298
160
248
266
-10.7%
Properties Pending Sale .......................................
269
170
307
270
0.4%
Properties For Sale ................................................
965
722
952
1,112
15.2%
Days on Market (Pending Sale) ...........................
32
44
44
39
20.5%
Month’s Supply of Inventory ................................
3.2
4.5
3.8
4.2
29.1%
Percent Under Contract ........................................
27.9%
23.5%
32.2%
24.3%
-12.9%
Average Median Price for Last 12 Months ........
$1,197,800
$1,277,955
$1,301,583
$1,300,530
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.292
AUG
$1,240,554
SEP OCT
MEDIAN SALES PRICE
NOV
$596
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.240 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
El Segundo DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,185,000
$1,480,500
$1,142,500
$1,325,000
11.8%
Average Price per Square Foot ...........................
$646
$615
$659
$642
-0.6%
Properties Sold .......................................................
10
4
10
14
40.0%
Properties Pending Sale .......................................
8
6
10
7
-12.5%
Properties For Sale ................................................
27
19
27
29
7.4%
Days on Market (Pending Sale) ...........................
47
60
32
41
-12.8%
Month’s Supply of Inventory ................................
2.7
4.8
2.7
2.1
-23.3%
Percent Under Contract ........................................
29.6%
31.6%
37.0%
24.1%
-18.5%
Average Median Price for Last 12 Months ........
$999,792
$1,254,167
$1,326,667
$1,208,385
20.9%
*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
$1.185
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$642
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Hermosa Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,763,750
$2,108,750
$1,800,000
$1,650,500
-6.4%
Average Price per Square Foot ...........................
$928
$1,121
$881
$946
1.9%
Properties Sold .......................................................
10
6
11
14
40.0%
Properties Pending Sale .......................................
7
2
16
14
100.0%
Properties For Sale ................................................
38
26
59
71
86.8%
Days on Market (Pending Sale) ...........................
32
8
46
43
34.4%
Month’s Supply of Inventory ................................
3.8
4.3
5.4
5.1
33.5%
Percent Under Contract ........................................
18.4%
7.7%
27.1%
19.7%
7.0%
Average Median Price for Last 12 Months ........
$1,687,204
$1,538,479
$1,537,917
$1,786,106
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.763
AUG
$1,650,500
SEP OCT
MEDIAN SALES PRICE
NOV
$946
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Manhattan Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,087,500
$1,770,000
$2,365,000
$2,582,000
23.7%
Average Price per Square Foot ...........................
$1,136
$854
$969
$949
-16.5%
Properties Sold .......................................................
26
15
25
25
-3.8%
Properties Pending Sale .......................................
30
20
32
35
16.7%
Properties For Sale ................................................
109
83
134
175
60.6%
Days on Market (Pending Sale) ...........................
30
50
41
55
83.3%
Month’s Supply of Inventory ................................
4.2
5.5
5.4
7
67.0%
Percent Under Contract ........................................
27.5%
24.1%
23.9%
20.0%
-27.3%
Average Median Price for Last 12 Months ........
$2,055,625
$2,328,250
$2,394,000
$2,215,385
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 JUL
$2.087
AUG
$2,582,000
SEP OCT
MEDIAN SALES PRICE
NOV
$949
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.582 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Palos Verdes Estates DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,995,000
$1,439,000
$1,770,750
$2,310,000
15.8%
Average Price per Square Foot ...........................
$748
$647
$645
$712
-4.8%
Properties Sold .......................................................
23
7
10
19
-17.4%
Properties Pending Sale .......................................
17
16
19
15
-11.8%
Properties For Sale ................................................
82
73
93
95
15.9%
Days on Market (Pending Sale) ...........................
38
50
123
67
76.3%
Month’s Supply of Inventory ................................
3.6
10.4
9.3
5
40.2%
Percent Under Contract ........................................
20.7%
21.9%
20.4%
15.8%
-23.8%
Average Median Price for Last 12 Months ........
$1,800,729
$1,856,458
$1,989,500
$1,793,688
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.995
AUG
$2,310,000
SEP OCT
MEDIAN SALES PRICE
NOV
$712
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.310 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Rancho Palos Verdes DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,150,000
$1,174,500
$1,067,500
$1,291,000
12.3%
Average Price per Square Foot ...........................
$615
$561
$501
$528
-14.1%
Properties Sold .......................................................
39
22
32
41
5.1%
Properties Pending Sale .......................................
33
19
42
42
27.3%
Properties For Sale ................................................
169
113
151
183
8.3%
Days on Market (Pending Sale) ...........................
47
78
41
43
-8.5%
Month’s Supply of Inventory ................................
4.3
5.1
4.7
4.5
3.0%
Percent Under Contract ........................................
19.5%
16.8%
27.8%
23.0%
17.5%
Average Median Price for Last 12 Months ........
$1,161,458
$1,282,250
$1,307,000
$1,227,545
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
$1.150
AUG
$1,291,000
SEP OCT
MEDIAN SALES PRICE
NOV
$528
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.291 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Redondo Beach- North DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$890,000
$897,500
$1,000,000
$1,100,000
23.6%
Average Price per Square Foot ...........................
$502
$542
$525
$580
15.5%
Properties Sold .......................................................
26
12
24
17
-34.6%
Properties Pending Sale .......................................
29
10
22
13
-55.2%
Properties For Sale ................................................
54
30
38
46
-14.8%
Days on Market (Pending Sale) ...........................
27
14
18
13
-51.9%
Month’s Supply of Inventory ................................
2.1
2.5
1.6
2.7
30.3%
Percent Under Contract ........................................
53.7%
33.3%
57.9%
28.3%
-47.4%
Average Median Price for Last 12 Months ........
$849,923
$902,292
$946,833
$888,750
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$890
AUG
$1,100,000
SEP OCT
MEDIAN SALES PRICE
NOV
$580
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 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 2016
telesproperties.com
Redondo Beach- South DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,407,500
$1,072,500
$1,200,000
$1,403,000
-0.3%
Average Price per Square Foot ...........................
$681
$673
$614
$669
-1.8%
Properties Sold .......................................................
16
12
13
16
0.0%
Properties Pending Sale .......................................
13
8
26
18
38.5%
Properties For Sale ................................................
51
31
60
57
11.8%
Days on Market (Pending Sale) ...........................
17
35
20
28
64.7%
Month’s Supply of Inventory ................................
3.2
2.6
4.6
3.6
11.8%
Percent Under Contract ........................................
25.5%
25.8%
43.3%
31.6%
23.9%
Average Median Price for Last 12 Months ........
$1,179,167
$1,394,000
$1,379,667
$1,311,135
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.407
AUG
$1,403,000
SEP OCT
MEDIAN SALES PRICE
NOV
$669
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.403 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Rolling Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$3,765,000
$0
$2,750,000
$0
-100.0%
Average Price per Square Foot ...........................
$1,117
$0
$763
$0
-100.0%
Properties Sold .......................................................
2
0
3
0
-100.0%
Properties Pending Sale .......................................
0
2
5
2
n/a
Properties For Sale ................................................
23
22
26
32
39.1%
Days on Market (Pending Sale) ...........................
0
44
116
65
n/a
Month’s Supply of Inventory ................................
11.5
n/a
8.7
n/a
n/a
Percent Under Contract ........................................
0.0%
9.1%
19.2%
6.2%
n/a
Average Median Price for Last 12 Months ........
$3,199,861
$3,461,930
$3,731,250
$3,501,915
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
$3.765
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
n/a 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 2016
telesproperties.com
Rolling Hills Estates DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,287,500
$2,756,000
$1,350,000
$1,766,000
37.2%
Average Price per Square Foot ...........................
$564
$824
$608
$681
20.7%
Properties Sold .......................................................
8
2
15
3
-62.5%
Properties Pending Sale .......................................
13
5
11
7
-46.2%
Properties For Sale ................................................
34
20
36
41
20.6%
Days on Market (Pending Sale) ...........................
44
26
30
47
6.8%
Month’s Supply of Inventory ................................
4.2
10
2.4
13.7
221.6%
Percent Under Contract ........................................
38.2%
25.0%
30.6%
17.1%
-55.3%
Average Median Price for Last 12 Months ........
$1,405,607
$1,493,167
$1,632,833
$1,620,365
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
$1.287
AUG
$1,766,000
SEP OCT
MEDIAN SALES PRICE
NOV
$681
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.766 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Pedro DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$525,000
$529,000
$550,000
$579,000
10.3%
Average Price per Square Foot ...........................
$416
$357
$420
$407
-2.2%
Properties Sold .......................................................
46
26
25
39
-15.2%
Properties Pending Sale .......................................
44
30
43
29
-34.1%
Properties For Sale ................................................
148
116
128
141
-4.7%
Days on Market (Pending Sale) ...........................
33
68
41
53
60.6%
Month’s Supply of Inventory ................................
3.2
4.5
5.1
3.6
12.4%
Percent Under Contract ........................................
29.7%
25.9%
33.6%
20.6%
-30.8%
Average Median Price for Last 12 Months ........
$542,438
$600,502
$616,733
$579,078
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
$525
AUG
$579,000
SEP OCT
MEDIAN SALES PRICE
NOV
$407
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$579 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Torrance- County Strip DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$455,000
$460,000
$499,000
$500,000
9.9%
Average Price per Square Foot ...........................
$360
$395
$373
$374
3.9%
Properties Sold .......................................................
8
5
5
9
12.5%
Properties Pending Sale .......................................
6
7
7
5
-16.7%
Properties For Sale ................................................
20
24
16
20
0.0%
Days on Market (Pending Sale) ...........................
32
31
25
22
-31.2%
Month’s Supply of Inventory ................................
2.5
4.8
3.2
2.2
-11.1%
Percent Under Contract ........................................
30.0%
29.2%
43.8%
25.0%
-16.7%
Average Median Price for Last 12 Months ........
$450,646
$490,667
$486,667
$485,865
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 JUL
$455
AUG
$500,000
SEP OCT
MEDIAN SALES PRICE
NOV
$374
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2016
telesproperties.com
Torrance- North DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$630,000
$595,000
$587,000
$610,000
-3.2%
Average Price per Square Foot ...........................
$407
$411
$432
$469
15.2%
Properties Sold .......................................................
31
13
24
18
-41.9%
Properties Pending Sale .......................................
20
11
20
18
-10.0%
Properties For Sale ................................................
60
49
49
60
0.0%
Days on Market (Pending Sale) ...........................
33
63
26
18
-45.5%
Month’s Supply of Inventory ................................
1.9
3.8
2
3.3
72.2%
Percent Under Contract ........................................
33.3%
22.4%
40.8%
30.0%
-10.0%
Average Median Price for Last 12 Months ........
$452,938
$614,333
$623,000
$611,613
35.0%
*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
$630
AUG
$610,000
SEP OCT
MEDIAN SALES PRICE
NOV
$469
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 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 2016
telesproperties.com
Torrance- South DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$881,250
$733,012
$871,100
$848,000
-3.8%
Average Price per Square Foot ...........................
$460
$466
$530
$506
10.0%
Properties Sold .......................................................
20
16
22
20
0.0%
Properties Pending Sale .......................................
19
15
21
21
10.5%
Properties For Sale ................................................
65
42
44
64
-1.5%
Days on Market (Pending Sale) ...........................
27
28
29
28
3.7%
Month’s Supply of Inventory ................................
3.2
2.6
2
3.2
-1.5%
Percent Under Contract ........................................
29.2%
35.7%
47.7%
32.8%
12.3%
Average Median Price for Last 12 Months ........
$820,637
$876,183
$870,000
$862,143
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$881
AUG
$848,000
SEP OCT
MEDIAN SALES PRICE
NOV
$506
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$848 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Torrance- Southeast DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$605,000
$680,000
$549,000
$593,250
-1.9%
Average Price per Square Foot ...........................
$346
$401
$367
$386
11.6%
Properties Sold .......................................................
12
9
13
14
16.7%
Properties Pending Sale .......................................
15
9
14
20
33.3%
Properties For Sale ................................................
49
45
50
54
10.2%
Days on Market (Pending Sale) ...........................
50
80
47
28
-44.0%
Month’s Supply of Inventory ................................
4.1
5
3.8
3.9
-5.5%
Percent Under Contract ........................................
30.6%
20.0%
28.0%
37.0%
21.0%
Average Median Price for Last 12 Months ........
$599,777
$629,542
$669,417
$611,712
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$605
AUG
$593,250
SEP OCT
MEDIAN SALES PRICE
NOV
$386
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$593 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Torrance- West DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$765,000
$830,000
$793,500
$810,000
5.9%
Average Price per Square Foot ...........................
$532
$493
$505
$495
-7.0%
Properties Sold .......................................................
21
11
16
17
-19.0%
Properties Pending Sale .......................................
15
10
19
24
60.0%
Properties For Sale ................................................
36
29
41
44
22.2%
Days on Market (Pending Sale) ...........................
26
26
24
31
19.2%
Month’s Supply of Inventory ................................
1.7
2.6
2.6
2.6
51.0%
Percent Under Contract ........................................
41.7%
34.5%
46.3%
54.5%
30.9%
Average Median Price for Last 12 Months ........
$761,200
$817,333
$842,500
$804,269
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
$765
AUG
$810,000
SEP OCT
MEDIAN SALES PRICE
NOV
$495
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$836,429
$855,143
$888,929
$972,643
16.3%
Average Price per Square Foot ...........................
$428
$426
$439
$454
6.2%
Properties Sold .......................................................
38
22
33
35
-8.4%
Properties Pending Sale .......................................
46
27
41
37
-19.8%
Properties For Sale ................................................
75
57
69
88
17.5%
Days on Market (Pending Sale) ...........................
57
70
54
64
12.1%
Month’s Supply of Inventory ................................
2
2.6
2.1
2.5
28.3%
Percent Under Contract ........................................
61.6%
47.2%
59.8%
42.0%
-31.7%
Average Median Price for Last 12 Months ........
$785,353
$892,976
$886,357
$854,582
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
$836
AUG
$972,643
SEP OCT
MEDIAN SALES PRICE
NOV
$454
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$972 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Burbank DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$705,000
$720,000
$753,000
$735,000
4.3%
Average Price per Square Foot ...........................
$452
$455
$465
$493
9.1%
Properties Sold .......................................................
55
21
47
59
7.3%
Properties Pending Sale .......................................
59
48
72
60
1.7%
Properties For Sale ................................................
102
65
97
118
15.7%
Days on Market (Pending Sale) ...........................
50
60
68
50
0.0%
Month’s Supply of Inventory ................................
1.9
3.1
2.1
2
7.8%
Percent Under Contract ........................................
57.8%
73.8%
74.2%
50.8%
-12.1%
Average Median Price for Last 12 Months ........
$666,583
$723,667
$723,333
$720,231
8.0%
*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
$705
AUG
$735,000
SEP OCT
MEDIAN SALES PRICE
NOV
$493
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Encino DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,262,000
$1,106,000
$1,225,000
$1,375,000
9.0%
Average Price per Square Foot ...........................
$470
$461
$520
$528
12.3%
Properties Sold .......................................................
49
40
34
47
-4.1%
Properties Pending Sale .......................................
50
27
63
47
-6.0%
Properties For Sale ................................................
75
91
120
126
68.0%
Days on Market (Pending Sale) ...........................
58
75
51
62
6.9%
Month’s Supply of Inventory ................................
1.5
2.3
3.5
2.7
75.1%
Percent Under Contract ........................................
66.7%
29.7%
52.5%
37.3%
-44.0%
Average Median Price for Last 12 Months ........
$1,120,229
$1,237,500
$1,309,000
$1,191,077
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.262
AUG
$1,375,000
SEP OCT
MEDIAN SALES PRICE
NOV
$528
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 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 2016
telesproperties.com
Glendale DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$863,000
$775,000
$877,000
$900,000
4.3%
Average Price per Square Foot ...........................
$440
$456
$459
$451
2.5%
Properties Sold .......................................................
76
53
60
57
-25.0%
Properties Pending Sale .......................................
96
49
62
63
-34.4%
Properties For Sale ................................................
114
84
104
132
15.8%
Days on Market (Pending Sale) ...........................
48
67
53
50
4.2%
Month’s Supply of Inventory ................................
1.5
1.6
1.7
2.3
54.4%
Percent Under Contract ........................................
84.2%
58.3%
59.6%
47.7%
-43.3%
Average Median Price for Last 12 Months ........
$767,500
$844,333
$858,000
$824,308
7.4%
*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
$863
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$451
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 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 2016
telesproperties.com
La Crescenta DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$695,000
$760,000
$770,000
$832,000
19.7%
Average Price per Square Foot ...........................
$437
$449
$495
$481
10.1%
Properties Sold .......................................................
29
13
11
22
-24.1%
Properties Pending Sale .......................................
25
13
24
22
-12.0%
Properties For Sale ................................................
28
20
29
47
67.9%
Days on Market (Pending Sale) ...........................
48
58
57
51
6.2%
Month’s Supply of Inventory ................................
1
1.5
2.6
2.1
121.3%
Percent Under Contract ........................................
89.3%
65.0%
82.8%
46.8%
-47.6%
Average Median Price for Last 12 Months ........
$724,667
$793,667
$816,333
$777,385
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$695
AUG
$832,000
SEP OCT
MEDIAN SALES PRICE
NOV
$481
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$832 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
North Hollywood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$485,000
$508,000
$497,000
$534,000
10.1%
Average Price per Square Foot ...........................
$323
$345
$358
$367
13.6%
Properties Sold .......................................................
44
26
46
38
-13.6%
Properties Pending Sale .......................................
59
36
43
37
-37.3%
Properties For Sale ................................................
61
49
51
55
-9.8%
Days on Market (Pending Sale) ...........................
65
54
54
55
-15.4%
Month’s Supply of Inventory ................................
1.4
1.9
1.1
1.4
4.4%
Percent Under Contract ........................................
96.7%
73.5%
84.3%
67.3%
-30.4%
Average Median Price for Last 12 Months ........
$460,875
$517,167
$523,000
$512,769
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
$485
AUG
$534,000
SEP OCT
MEDIAN SALES PRICE
NOV
$367
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$534 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Shadow Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$900,000
$609,000
$753,000
$765,000
-15.0%
Average Price per Square Foot ...........................
$362
$392
$247
$325
-10.2%
Properties Sold .......................................................
6
2
4
4
-33.3%
Properties Pending Sale .......................................
3
3
7
4
33.3%
Properties For Sale ................................................
9
14
9
19
111.1%
Days on Market (Pending Sale) ...........................
91
78
86
127
39.6%
Month’s Supply of Inventory ................................
1.5
7
2.2
4.8
216.7%
Percent Under Contract ........................................
33.3%
21.4%
77.8%
21.1%
-36.8%
Average Median Price for Last 12 Months ........
$799,273
$837,667
$676,000
$743,923
-6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$900
AUG
$765,000
SEP OCT
MEDIAN SALES PRICE
NOV
$325
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 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 2016
telesproperties.com
Sherman Oaks DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$905,000
$1,051,000
$1,240,000
$1,171,000
29.4%
Average Price per Square Foot ...........................
$485
$460
$468
$499
2.9%
Properties Sold .......................................................
66
34
63
63
-4.5%
Properties Pending Sale .......................................
76
45
70
60
-21.1%
Properties For Sale ................................................
133
105
149
158
18.8%
Days on Market (Pending Sale) ...........................
51
58
57
70
37.3%
Month’s Supply of Inventory ................................
2
3.1
2.4
2.5
24.5%
Percent Under Contract ........................................
57.1%
42.9%
47.0%
38.0%
-33.5%
Average Median Price for Last 12 Months ........
$931,771
$1,117,333
$1,113,000
$1,029,692
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
$905
AUG
$1,171,000
SEP OCT
MEDIAN SALES PRICE
NOV
$499
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.171 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Studio City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,425,000
$1,260,000
$1,328,000
$1,475,000
3.5%
Average Price per Square Foot ...........................
$602
$562
$536
$618
2.7%
Properties Sold .......................................................
38
18
28
33
-13.2%
Properties Pending Sale .......................................
46
28
32
31
-32.6%
Properties For Sale ................................................
98
72
73
103
5.1%
Days on Market (Pending Sale) ...........................
45
89
54
53
17.8%
Month’s Supply of Inventory ................................
2.6
4
2.6
3.1
21.0%
Percent Under Contract ........................................
46.9%
38.9%
43.8%
30.1%
-35.9%
Average Median Price for Last 12 Months ........
$1,177,958
$1,416,333
$1,425,000
$1,379,308
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
$1.425
AUG
$1,475,000
SEP OCT
MEDIAN SALES PRICE
NOV
$618
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Sun Valley DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$395,000
$425,000
$443,000
$465,000
17.7%
Average Price per Square Foot ...........................
$320
$290
$320
$353
10.3%
Properties Sold .......................................................
16
10
18
21
31.2%
Properties Pending Sale .......................................
31
14
24
20
-35.5%
Properties For Sale ................................................
42
28
28
22
-47.6%
Days on Market (Pending Sale) ...........................
49
71
41
38
-22.4%
Month’s Supply of Inventory ................................
2.6
2.8
1.6
1
-60.1%
Percent Under Contract ........................................
73.8%
50.0%
85.7%
90.9%
23.2%
Average Median Price for Last 12 Months ........
$422,083
$474,333
$463,000
$453,154
7.4%
*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
$395
AUG
$465,000
SEP OCT
MEDIAN SALES PRICE
NOV
$353
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2016
telesproperties.com
Sunland/Tujunga DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$508,000
$548,000
$525,000
$565,000
11.2%
Average Price per Square Foot ...........................
$348
$310
$366
$376
8.0%
Properties Sold .......................................................
44
20
45
33
-25.0%
Properties Pending Sale .......................................
40
23
39
52
30.0%
Properties For Sale ................................................
77
52
49
73
-5.2%
Days on Market (Pending Sale) ...........................
51
74
62
56
9.8%
Month’s Supply of Inventory ................................
1.8
2.6
1.1
2.2
26.4%
Percent Under Contract ........................................
51.9%
44.2%
79.6%
71.2%
37.1%
Average Median Price for Last 12 Months ........
$486,542
$529,333
$557,000
$520,231
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$508
AUG
$565,000
SEP OCT
MEDIAN SALES PRICE
NOV
$376
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$565 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Tarzana DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,075,000
$842,000
$1,044,000
$1,161,000
8.0%
Average Price per Square Foot ...........................
$395
$367
$428
$430
8.9%
Properties Sold .......................................................
23
20
24
23
0.0%
Properties Pending Sale .......................................
32
21
28
32
0.0%
Properties For Sale ................................................
110
61
68
100
-9.1%
Days on Market (Pending Sale) ...........................
81
63
42
78
-3.7%
Month’s Supply of Inventory ................................
4.8
3
2.8
4.3
-9.1%
Percent Under Contract ........................................
29.1%
34.4%
41.2%
32.0%
10.0%
Average Median Price for Last 12 Months ........
$917,833
$999,833
$1,018,667
$932,462
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.075
AUG
$1,161,000
SEP OCT
MEDIAN SALES PRICE
NOV
$430
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.161 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Toluca Lake DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$900,000
$1,743,000
$1,280,000
$1,975,000
119.4%
Average Price per Square Foot ...........................
$518
$605
$612
$547
5.6%
Properties Sold .......................................................
11
6
7
5
-54.5%
Properties Pending Sale .......................................
7
7
5
5
-28.6%
Properties For Sale ................................................
20
11
12
20
0.0%
Days on Market (Pending Sale) ...........................
44
82
37
95
115.9%
Month’s Supply of Inventory ................................
1.8
1.8
1.7
4
120.0%
Percent Under Contract ........................................
35.0%
63.6%
41.7%
25.0%
-28.6%
Average Median Price for Last 12 Months ........
$987,542
$1,369,667
$1,275,000
$1,246,385
26.2%
*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
$900
AUG
$1,975,000
SEP OCT
MEDIAN SALES PRICE
NOV
$547
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Valley Village DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$895,000
$777,000
$910,000
$886,000
-1.0%
Average Price per Square Foot ...........................
$495
$457
$506
$502
1.4%
Properties Sold .......................................................
8
7
13
21
162.5%
Properties Pending Sale .......................................
18
8
23
21
16.7%
Properties For Sale ................................................
9
17
32
35
288.9%
Days on Market (Pending Sale) ...........................
43
90
39
52
20.9%
Month’s Supply of Inventory ................................
1.1
2.4
2.5
1.7
48.1%
Percent Under Contract ........................................
200.0%
47.1%
71.9%
60.0%
-70.0%
Average Median Price for Last 12 Months ........
$820,083
$877,667
$892,333
$877,000
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$895
AUG
$886,000
SEP OCT
MEDIAN SALES PRICE
NOV
$502
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$886 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Woodland Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$697,000
$848,000
$800,000
$778,000
11.6%
Average Price per Square Foot ...........................
$338
$349
$370
$386
14.2%
Properties Sold .......................................................
70
35
59
64
-8.6%
Properties Pending Sale .......................................
105
52
84
65
-38.1%
Properties For Sale ................................................
173
123
142
227
31.2%
Days on Market (Pending Sale) ...........................
72
66
50
55
-23.6%
Month’s Supply of Inventory ................................
2.5
3.5
2.4
3.5
43.5%
Percent Under Contract ........................................
60.7%
42.3%
59.2%
28.6%
-52.8%
Average Median Price for Last 12 Months ........
$712,000
$763,167
$759,333
$756,231
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$697
AUG
$778,000
SEP OCT
MEDIAN SALES PRICE
NOV
$386
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$966,167
$962,083
$1,094,500
$1,039,500
7.6%
Average Price per Square Foot ...........................
$526
$491
$535
$532
1.2%
Properties Sold .......................................................
32
17
28
26
-18.1%
Properties Pending Sale .......................................
32
21
28
30
-8.2%
Properties For Sale ................................................
83
53
65
79
-4.1%
Days on Market (Pending Sale) ...........................
48
64
60
48
0.2%
Month’s Supply of Inventory ................................
2.6
3.2
2.4
3.1
17.1%
Percent Under Contract ........................................
39.1%
40.3%
42.3%
37.5%
-4.3%
Average Median Price for Last 12 Months ........
$971,228
$1,017,903
$1,014,806
$1,005,833
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$966
AUG
$1,039,500
SEP OCT
MEDIAN SALES PRICE
NOV
$532
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.039 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Alhambra DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$525,000
$635,000
$539,000
$622,000
18.5%
Average Price per Square Foot ...........................
$372
$365
$425
$402
8.1%
Properties Sold .......................................................
49
9
26
25
-49.0%
Properties Pending Sale .......................................
39
21
25
30
-23.1%
Properties For Sale ................................................
90
40
39
47
-47.8%
Days on Market (Pending Sale) ...........................
45
72
74
56
24.4%
Month’s Supply of Inventory ................................
1.8
4.4
1.5
1.9
2.4%
Percent Under Contract ........................................
43.3%
52.5%
64.1%
63.8%
47.3%
Average Median Price for Last 12 Months ........
$519,583
$586,500
$600,000
$587,615
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
$525
AUG
$622,000
SEP OCT
MEDIAN SALES PRICE
NOV
$402
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$622 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Altadena DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$785,000
$757,000
$708,000
$775,000
-1.3%
Average Price per Square Foot ...........................
$462
$446
$449
$475
2.8%
Properties Sold .......................................................
39
20
42
26
-33.3%
Properties Pending Sale .......................................
35
27
30
32
-8.6%
Properties For Sale ................................................
72
41
71
76
5.6%
Days on Market (Pending Sale) ...........................
54
69
53
47
-13.0%
Month’s Supply of Inventory ................................
1.8
2
1.7
2.9
58.3%
Percent Under Contract ........................................
48.6%
65.9%
42.3%
42.1%
-13.4%
Average Median Price for Last 12 Months ........
$650,083
$717,333
$723,333
$713,462
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
$785
AUG
$775,000
SEP OCT
MEDIAN SALES PRICE
NOV
$475
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Arcadia DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,210,000
$1,220,000
$1,126,000
$1,663,000
37.4%
Average Price per Square Foot ...........................
$562
$527
$530
$551
-2.0%
Properties Sold .......................................................
43
22
42
32
-25.6%
Properties Pending Sale .......................................
46
29
37
56
21.7%
Properties For Sale ................................................
286
185
190
237
-17.1%
Days on Market (Pending Sale) ...........................
66
80
66
76
15.2%
Month’s Supply of Inventory ................................
6.7
8.4
4.5
7.4
11.4%
Percent Under Contract ........................................
16.1%
15.7%
19.5%
23.6%
46.9%
Average Median Price for Last 12 Months ........
$1,312,292
$1,234,667
$1,302,333
$1,268,154
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.210
AUG
$1,663,000
SEP OCT
MEDIAN SALES PRICE
NOV
$551
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.663 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Duarte DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$425,000
$474,000
$495,000
$551,000
29.6%
Average Price per Square Foot ...........................
$396
$333
$372
$385
-2.8%
Properties Sold .......................................................
7
14
17
13
85.7%
Properties Pending Sale .......................................
17
17
18
19
11.8%
Properties For Sale ................................................
38
21
26
29
-23.7%
Days on Market (Pending Sale) ...........................
44
76
86
66
50.0%
Month’s Supply of Inventory ................................
5.4
1.5
1.5
2.2
-58.9%
Percent Under Contract ........................................
44.7%
81.0%
69.2%
65.5%
46.5%
Average Median Price for Last 12 Months ........
$444,417
$472,167
$498,333
$463,615
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$425
AUG
$551,000
SEP OCT
MEDIAN SALES PRICE
NOV
$385
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$551 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Eagle Rock DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$675,000
$675,000
$750,000
$860,000
27.4%
Average Price per Square Foot ...........................
$457
$511
$504
$534
16.8%
Properties Sold .......................................................
19
11
16
7
-63.2%
Properties Pending Sale .......................................
20
12
26
19
-5.0%
Properties For Sale ................................................
34
27
30
30
-11.8%
Days on Market (Pending Sale) ...........................
39
46
36
36
-7.7%
Month’s Supply of Inventory ................................
1.8
2.5
1.9
4.3
139.5%
Percent Under Contract ........................................
58.8%
44.4%
86.7%
63.3%
7.7%
Average Median Price for Last 12 Months ........
$692,667
$784,500
$807,667
$738,385
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
$675
AUG
$860,000
SEP OCT
MEDIAN SALES PRICE
NOV
$534
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
La Canada Flintridge DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,435,000
$1,600,000
$1,700,000
$1,647,000
14.8%
Average Price per Square Foot ...........................
$596
$593
$634
$624
4.7%
Properties Sold .......................................................
29
13
25
24
-17.2%
Properties Pending Sale .......................................
27
14
17
24
-11.1%
Properties For Sale ................................................
61
33
59
72
18.0%
Days on Market (Pending Sale) ...........................
50
44
55
45
-10.0%
Month’s Supply of Inventory ................................
2.1
2.5
2.4
3
42.6%
Percent Under Contract ........................................
44.3%
42.4%
28.8%
33.3%
-24.7%
Average Median Price for Last 12 Months ........
$1,539,252
$1,624,500
$1,629,000
$1,600,154
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
$1.435
AUG
$1,647,000
SEP OCT
MEDIAN SALES PRICE
NOV
$624
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.647 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Monrovia DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$650,000
$590,000
$652,000
$665,000
2.3%
Average Price per Square Foot ...........................
$434
$440
$422
$424
-2.3%
Properties Sold .......................................................
26
19
27
23
-11.5%
Properties Pending Sale .......................................
34
19
26
22
-35.3%
Properties For Sale ................................................
63
46
51
59
-6.3%
Days on Market (Pending Sale) ...........................
38
45
59
37
-2.6%
Month’s Supply of Inventory ................................
2.4
2.4
1.9
2.6
5.9%
Percent Under Contract ........................................
54.0%
41.3%
51.0%
37.3%
-30.9%
Average Median Price for Last 12 Months ........
$600,167
$641,000
$645,667
$644,385
7.4%
*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
$650
AUG
$665,000
SEP OCT
MEDIAN SALES PRICE
NOV
$424
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Pasadena DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$800,000
$887,000
$851,000
$825,000
3.1%
Average Price per Square Foot ...........................
$547
$504
$516
$529
-3.3%
Properties Sold .......................................................
97
54
73
106
9.3%
Properties Pending Sale .......................................
101
61
82
103
2.0%
Properties For Sale ................................................
193
129
194
217
12.4%
Days on Market (Pending Sale) ...........................
58
59
58
47
-19.0%
Month’s Supply of Inventory ................................
2
2.4
2.7
2
2.9%
Percent Under Contract ........................................
52.3%
47.3%
42.3%
47.5%
-9.3%
Average Median Price for Last 12 Months ........
$766,833
$836,333
$864,333
$818,538
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
$800
AUG
$825,000
SEP OCT
MEDIAN SALES PRICE
NOV
$529
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Gabriel DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$710,000
$738,000
$650,000
$680,000
-4.2%
Average Price per Square Foot ...........................
$432
$419
$443
$488
13.0%
Properties Sold .......................................................
33
17
26
24
-27.3%
Properties Pending Sale .......................................
25
20
34
16
-36.0%
Properties For Sale ................................................
77
48
51
74
-3.9%
Days on Market (Pending Sale) ...........................
47
79
72
65
38.3%
Month’s Supply of Inventory ................................
2.3
2.8
2
3.1
32.1%
Percent Under Contract ........................................
32.5%
41.7%
66.7%
21.6%
-33.4%
Average Median Price for Last 12 Months ........
$705,958
$733,333
$694,333
$724,923
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$710
AUG
$680,000
SEP OCT
MEDIAN SALES PRICE
NOV
$488
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Marino DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,192,000
$1,850,000
$3,125,000
$2,169,000
-1.0%
Average Price per Square Foot ...........................
$875
$775
$966
$842
-3.8%
Properties Sold .......................................................
8
7
20
10
25.0%
Properties Pending Sale .......................................
15
18
14
11
-26.7%
Properties For Sale ................................................
41
37
34
58
41.5%
Days on Market (Pending Sale) ...........................
45
73
63
34
-24.4%
Month’s Supply of Inventory ................................
5.1
5.3
1.7
5.8
13.2%
Percent Under Contract ........................................
36.6%
48.6%
41.2%
19.0%
-48.2%
Average Median Price for Last 12 Months ........
$2,309,833
$2,372,000
$2,259,333
$2,281,692
-1.2%
*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
$2.192
AUG
$2,169,000
SEP OCT
MEDIAN SALES PRICE
NOV
$842
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.169 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Sierra Madre DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$962,000
$1,114,000
$988,000
$748,000
-22.2%
Average Price per Square Foot ...........................
$512
$503
$520
$529
3.3%
Properties Sold .......................................................
18
6
9
8
-55.6%
Properties Pending Sale .......................................
10
7
13
8
-20.0%
Properties For Sale ................................................
15
6
20
30
100.0%
Days on Market (Pending Sale) ...........................
48
60
47
44
-8.3%
Month’s Supply of Inventory ................................
0.8
1
2.2
3.8
350.0%
Percent Under Contract ........................................
66.7%
116.7%
65.0%
26.7%
-60.0%
Average Median Price for Last 12 Months ........
$924,750
$946,000
$808,667
$973,846
5.3%
*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 $962
JUL AUG
$748,000
SEP OCT
MEDIAN SALES PRICE
NOV
$529
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$748 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
South Pasadena DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,225,000
$1,005,000
$1,550,000
$1,269,000
3.6%
Average Price per Square Foot ...........................
$667
$470
$637
$602
-9.7%
Properties Sold .......................................................
13
7
11
14
7.7%
Properties Pending Sale .......................................
20
9
10
17
-15.0%
Properties For Sale ................................................
24
18
20
24
0.0%
Days on Market (Pending Sale) ...........................
45
69
46
27
-40.0%
Month’s Supply of Inventory ................................
1.8
2.6
1.8
1.7
-7.1%
Percent Under Contract ........................................
83.3%
50.0%
50.0%
70.8%
-15.0%
Average Median Price for Last 12 Months ........
$1,188,899
$1,266,500
$1,344,667
$1,255,231
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
$1.225
AUG
$1,269,000
SEP OCT
MEDIAN SALES PRICE
NOV
$602
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.269 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : July 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : July 2016
telesproperties.com
Orange County DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$715,000
$695,000
$730,000
$730,000
2.1%
Average Price per Square Foot ...........................
$415
$423
$420
$453
9.2%
Properties Sold .......................................................
2013
1144
1704
1712
-15.0%
Properties Pending Sale .......................................
1866
1248
2068
1781
-4.6%
Properties For Sale ................................................
7,603
5,125
6,802
7,778
2.3%
Days on Market (Pending Sale) ...........................
56
64
47
53
-5.4%
Month’s Supply of Inventory ................................
3.8
4.5
4
4.5
20.3%
Percent Under Contract ........................................
24.5%
24.4%
30.4%
22.9%
-6.7%
Average Median Price for Last 12 Months ........
$682,933
$726,083
$736,667
$712,808
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
$715
AUG
$730,000
SEP OCT
MEDIAN SALES PRICE
NOV
$453
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Aliso Viejo DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$769,000
$775,000
$710,000
$780,000
1.4%
Average Price per Square Foot ...........................
$370
$379
$379
$387
4.6%
Properties Sold .......................................................
29
12
24
29
0.0%
Properties Pending Sale .......................................
27
20
34
21
-22.2%
Properties For Sale ................................................
84
62
86
78
-7.1%
Days on Market (Pending Sale) ...........................
43
50
41
45
4.7%
Month’s Supply of Inventory ................................
2.9
5.2
3.6
2.7
-7.1%
Percent Under Contract ........................................
32.1%
32.3%
39.5%
26.9%
-16.2%
Average Median Price for Last 12 Months ........
$727,125
$755,542
$779,333
$753,981
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$769
AUG
$780,000
SEP OCT
MEDIAN SALES PRICE
NOV
$387
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Balboa Peninsula DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,962,500
$2,825,000
$4,350,000
$5,127,500
161.3%
Average Price per Square Foot ...........................
$1,613
$1,087
$1,754
$1,843
14.3%
Properties Sold .......................................................
5
3
3
4
-20.0%
Properties Pending Sale .......................................
8
3
6
5
-37.5%
Properties For Sale ................................................
38
31
57
56
47.4%
Days on Market (Pending Sale) ...........................
62
71
60
43
-30.6%
Month’s Supply of Inventory ................................
7.6
10.3
19
14
84.2%
Percent Under Contract ........................................
21.1%
9.7%
10.5%
8.9%
-57.6%
Average Median Price for Last 12 Months ........
$2,913,708
$4,340,833
$5,659,167
$3,291,731
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
$1.962
AUG
$5,127,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,843
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
14 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.127 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,795,000
$2,595,000
$2,515,000
$3,200,000
14.5%
Average Price per Square Foot ...........................
$1,099
$918
$1,072
$1,264
15.0%
Properties Sold .......................................................
8
9
10
17
112.5%
Properties Pending Sale .......................................
14
8
18
11
-21.4%
Properties For Sale ................................................
108
80
91
89
-17.6%
Days on Market (Pending Sale) ...........................
74
138
103
81
9.5%
Month’s Supply of Inventory ................................
13.5
8.9
9.1
5.2
-61.2%
Percent Under Contract ........................................
13.0%
10.0%
19.8%
12.4%
-4.7%
Average Median Price for Last 12 Months ........
$2,282,816
$2,954,583
$2,916,667
$2,769,269
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
$2.795
AUG
$3,200,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,264
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Coto de Caza DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,100,000
$1,247,500
$954,000
$1,266,250
15.1%
Average Price per Square Foot ...........................
$326
$314
$327
$357
9.5%
Properties Sold .......................................................
15
11
22
28
86.7%
Properties Pending Sale .......................................
16
17
39
18
12.5%
Properties For Sale ................................................
139
97
164
154
10.8%
Days on Market (Pending Sale) ...........................
73
90
59
70
-4.1%
Month’s Supply of Inventory ................................
9.3
8.8
7.5
5.5
-40.6%
Percent Under Contract ........................................
11.5%
17.5%
23.8%
11.7%
1.5%
Average Median Price for Last 12 Months ........
$1,177,822
$1,170,133
$1,207,917
$1,167,715
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.100
AUG
$1,266,250
SEP OCT
MEDIAN SALES PRICE
NOV
$357
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.266 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Crystal Cove DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$5,350,000
$4,000,000
$4,990,000
$9,022,750
68.6%
Average Price per Square Foot ...........................
$1,192
$942
$856
$1,216
2.0%
Properties Sold .......................................................
8
1
3
1
-87.5%
Properties Pending Sale .......................................
9
0
3
2
-77.8%
Properties For Sale ................................................
19
18
23
22
15.8%
Days on Market (Pending Sale) ...........................
24
0
74
38
58.3%
Month’s Supply of Inventory ................................
2.4
18
7.7
22
826.3%
Percent Under Contract ........................................
47.4%
0.0%
13.0%
9.1%
-80.8%
Average Median Price for Last 12 Months ........
$5,799,694
$7,665,328
$6,711,375
$8,404,013
44.9%
*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
$5.350
AUG
$9,022,750
SEP OCT
MEDIAN SALES PRICE
NOV
$1,216
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
22 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$9.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Dana Point DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,280,000
$910,000
$950,138
$939,000
-26.6%
Average Price per Square Foot ...........................
$772
$610
$666
$751
-2.7%
Properties Sold .......................................................
39
19
34
25
-35.9%
Properties Pending Sale .......................................
36
16
35
39
8.3%
Properties For Sale ................................................
190
135
185
203
6.8%
Days on Market (Pending Sale) ...........................
86
96
53
61
-29.1%
Month’s Supply of Inventory ................................
4.9
7.1
5.4
8.1
66.7%
Percent Under Contract ........................................
18.9%
11.9%
18.9%
19.2%
1.4%
Average Median Price for Last 12 Months ........
$1,008,907
$1,074,648
$1,000,500
$1,048,976
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 $1.280
JUL AUG
$939,000
SEP OCT
MEDIAN SALES PRICE
NOV
$751
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$939 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
East Bluff - Harbor View DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,950,000
$2,047,500
$1,820,000
$2,000,000
2.6%
Average Price per Square Foot ...........................
$669
$730
$735
$693
3.6%
Properties Sold .......................................................
25
14
27
21
-16.0%
Properties Pending Sale .......................................
20
17
26
21
5.0%
Properties For Sale ................................................
103
80
99
124
20.4%
Days on Market (Pending Sale) ...........................
61
81
52
70
14.8%
Month’s Supply of Inventory ................................
4.1
5.7
3.7
5.9
43.3%
Percent Under Contract ........................................
19.4%
21.2%
26.3%
16.9%
-12.8%
Average Median Price for Last 12 Months ........
$1,771,370
$1,867,083
$1,912,500
$1,850,485
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.950
AUG
$2,000,000
SEP OCT
MEDIAN SALES PRICE
NOV
$693
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
East Costa Mesa DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$900,000
$988,046
$949,000
$1,067,692
18.6%
Average Price per Square Foot ...........................
$540
$687
$601
$572
5.9%
Properties Sold .......................................................
17
8
7
18
5.9%
Properties Pending Sale .......................................
20
13
10
22
10.0%
Properties For Sale ................................................
62
40
59
64
3.2%
Days on Market (Pending Sale) ...........................
58
62
53
82
41.4%
Month’s Supply of Inventory ................................
3.6
5
8.4
3.6
-2.5%
Percent Under Contract ........................................
32.3%
32.5%
16.9%
34.4%
6.6%
Average Median Price for Last 12 Months ........
$908,959
$1,010,615
$1,024,231
$989,845
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
$900
AUG
$1,067,692
SEP OCT
MEDIAN SALES PRICE
NOV
$572
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.067 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Fountain Valley DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$759,000
$674,500
$739,500
$726,500
-4.3%
Average Price per Square Foot ...........................
$377
$355
$360
$349
-7.4%
Properties Sold .......................................................
45
16
32
34
-24.4%
Properties Pending Sale .......................................
43
19
39
42
-2.3%
Properties For Sale ................................................
97
58
72
92
-5.2%
Days on Market (Pending Sale) ...........................
37
51
37
43
16.2%
Month’s Supply of Inventory ................................
2.2
3.6
2.2
2.7
25.5%
Percent Under Contract ........................................
44.3%
32.8%
54.2%
45.7%
3.0%
Average Median Price for Last 12 Months ........
$699,167
$724,500
$731,833
$723,108
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$759
AUG
$726,500
SEP OCT
MEDIAN SALES PRICE
NOV
$349
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$726 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Huntington Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$795,000
$805,000
$805,000
$817,500
2.8%
Average Price per Square Foot ...........................
$453
$480
$444
$473
4.4%
Properties Sold .......................................................
133
95
115
102
-23.3%
Properties Pending Sale .......................................
126
80
112
101
-19.8%
Properties For Sale ................................................
451
283
385
429
-4.9%
Days on Market (Pending Sale) ...........................
51
49
61
56
9.8%
Month’s Supply of Inventory ................................
3.4
3
3.3
4.2
24.0%
Percent Under Contract ........................................
27.9%
28.3%
29.1%
23.5%
-15.7%
Average Median Price for Last 12 Months ........
$772,250
$812,408
$826,667
$808,462
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$795
AUG
$817,500
SEP OCT
MEDIAN SALES PRICE
NOV
$473
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Irvine DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$987,500
$830,000
$950,000
$1,005,000
1.8%
Average Price per Square Foot ...........................
$479
$456
$441
$489
2.1%
Properties Sold .......................................................
136
81
87
81
-40.4%
Properties Pending Sale .......................................
90
85
110
102
13.3%
Properties For Sale ................................................
497
313
413
529
6.4%
Days on Market (Pending Sale) ...........................
50
76
44
45
-10.0%
Month’s Supply of Inventory ................................
3.7
3.9
4.7
6.5
78.7%
Percent Under Contract ........................................
18.1%
27.2%
26.6%
19.3%
6.5%
Average Median Price for Last 12 Months ........
$940,042
$1,048,671
$1,064,792
$1,001,848
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
$987
AUG
$1,005,000
SEP OCT
MEDIAN SALES PRICE
NOV
$489
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.5 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 2016
telesproperties.com
Ladera Ranch DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$856,450
$823,000
$850,000
$942,500
10.0%
Average Price per Square Foot ...........................
$344
$339
$342
$370
7.6%
Properties Sold .......................................................
42
16
46
28
-33.3%
Properties Pending Sale .......................................
25
18
33
23
-8.0%
Properties For Sale ................................................
162
88
118
154
-4.9%
Days on Market (Pending Sale) ...........................
67
54
44
52
-22.4%
Month’s Supply of Inventory ................................
3.9
5.5
2.6
5.5
42.6%
Percent Under Contract ........................................
15.4%
20.5%
28.0%
14.9%
-3.2%
Average Median Price for Last 12 Months ........
$860,592
$854,417
$888,833
$853,523
-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
$856
AUG
$942,500
SEP OCT
MEDIAN SALES PRICE
NOV
$370
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$942 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Laguna Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,675,000
$2,059,000
$1,675,000
$1,845,000
10.1%
Average Price per Square Foot ...........................
$858
$1,024
$986
$1,065
24.1%
Properties Sold .......................................................
37
20
26
34
-8.1%
Properties Pending Sale .......................................
28
16
36
26
-7.1%
Properties For Sale ................................................
279
182
274
304
9.0%
Days on Market (Pending Sale) ...........................
84
152
95
70
-16.7%
Month’s Supply of Inventory ................................
7.5
9.1
10.5
8.9
18.6%
Percent Under Contract ........................................
10.0%
8.8%
13.1%
8.6%
-14.8%
Average Median Price for Last 12 Months ........
$1,874,156
$1,949,167
$1,841,667
$1,959,123
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.675
AUG
$1,845,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,065
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Laguna Niguel DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$861,000
$806,500
$915,000
$875,000
1.6%
Average Price per Square Foot ...........................
$375
$400
$409
$425
13.3%
Properties Sold .......................................................
67
30
61
51
-23.9%
Properties Pending Sale .......................................
76
44
74
63
-17.1%
Properties For Sale ................................................
321
185
265
340
5.9%
Days on Market (Pending Sale) ...........................
67
68
47
47
-29.9%
Month’s Supply of Inventory ................................
4.8
6.2
4.3
6.7
39.1%
Percent Under Contract ........................................
23.7%
23.8%
27.9%
18.5%
-21.7%
Average Median Price for Last 12 Months ........
$828,083
$873,667
$874,000
$861,558
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
$861
AUG
$875,000
SEP OCT
MEDIAN SALES PRICE
NOV
$425
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Laguna Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$747,000
$707,500
$717,500
$774,500
3.7%
Average Price per Square Foot ...........................
$367
$389
$354
$367
0.0%
Properties Sold .......................................................
23
16
25
25
8.7%
Properties Pending Sale .......................................
34
17
25
22
-35.3%
Properties For Sale ................................................
148
94
116
125
-15.5%
Days on Market (Pending Sale) ...........................
56
74
61
65
16.1%
Month’s Supply of Inventory ................................
6.4
5.9
4.6
5
-22.3%
Percent Under Contract ........................................
23.0%
18.1%
21.6%
17.6%
-23.4%
Average Median Price for Last 12 Months ........
$777,438
$811,917
$866,333
$805,845
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$747
AUG
$774,500
SEP OCT
MEDIAN SALES PRICE
NOV
$367
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Laguna Woods DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
1
0
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
0.0%
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$221,250
$779,500
$910,000
$785,667
255.1%
*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 AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
n/a 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 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$5,387,500
$4,202,500
$3,125,000
$3,950,000
-26.7%
Average Price per Square Foot ...........................
$1,394
$1,346
$1,306
$1,451
4.1%
Properties Sold .......................................................
4
6
5
5
25.0%
Properties Pending Sale .......................................
5
4
4
3
-40.0%
Properties For Sale ................................................
36
27
28
39
8.3%
Days on Market (Pending Sale) ...........................
90
157
176
105
16.7%
Month’s Supply of Inventory ................................
9
4.5
5.6
7.8
-13.3%
Percent Under Contract ........................................
13.9%
14.8%
14.3%
7.7%
-44.6%
Average Median Price for Last 12 Months ........
$3,306,782
$2,891,667
$3,125,000
$3,348,346
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 $5.387
JUL AUG
$3,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,451
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.950 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 2016
telesproperties.com
Mission Viejo DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$673,750
$697,000
$670,000
$685,000
1.7%
Average Price per Square Foot ...........................
$342
$349
$351
$362
5.8%
Properties Sold .......................................................
107
66
80
105
-1.9%
Properties Pending Sale .......................................
102
54
113
97
-4.9%
Properties For Sale ................................................
346
201
284
338
-2.3%
Days on Market (Pending Sale) ...........................
56
56
40
51
-8.9%
Month’s Supply of Inventory ................................
3.2
3
3.6
3.2
-0.5%
Percent Under Contract ........................................
29.5%
26.9%
39.8%
28.7%
-2.7%
Average Median Price for Last 12 Months ........
$647,596
$675,167
$688,333
$671,665
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$673
AUG
$685,000
SEP OCT
MEDIAN SALES PRICE
NOV
$362
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 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 2016
telesproperties.com
Monarch Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,703,500
$1,520,500
$2,250,000
$2,150,000
26.2%
Average Price per Square Foot ...........................
$914
$992
$965
$1,277
39.7%
Properties Sold .......................................................
18
8
11
7
-61.1%
Properties Pending Sale .......................................
14
6
12
14
0.0%
Properties For Sale ................................................
83
70
92
91
9.6%
Days on Market (Pending Sale) ...........................
68
94
48
71
4.4%
Month’s Supply of Inventory ................................
4.6
8.7
8.4
13
181.9%
Percent Under Contract ........................................
16.9%
8.6%
13.0%
15.4%
-8.8%
Average Median Price for Last 12 Months ........
$1,360,313
$1,727,188
$1,648,333
$1,781,317
30.9%
*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
$1.703
AUG
$2,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,277
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Nelle Gail DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$762,000
$707,500
$717,500
$787,200
3.3%
Average Price per Square Foot ...........................
$367
$391
$353
$366
-0.3%
Properties Sold .......................................................
22
16
23
24
9.1%
Properties Pending Sale .......................................
33
17
25
20
-39.4%
Properties For Sale ................................................
145
93
115
119
-17.9%
Days on Market (Pending Sale) ...........................
56
74
61
66
17.9%
Month’s Supply of Inventory ................................
6.6
5.8
5
5
-24.8%
Percent Under Contract ........................................
22.8%
18.3%
21.7%
16.8%
-26.2%
Average Median Price for Last 12 Months ........
$792,633
$814,033
$870,567
$812,399
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$762
AUG
$787,200
SEP OCT
MEDIAN SALES PRICE
NOV
$366
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$787 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Newport Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,946,250
$2,095,000
$1,925,000
$2,000,000
2.8%
Average Price per Square Foot ...........................
$826
$814
$862
$931
12.7%
Properties Sold .......................................................
63
41
62
67
6.3%
Properties Pending Sale .......................................
65
45
57
58
-10.8%
Properties For Sale ................................................
358
256
353
410
14.5%
Days on Market (Pending Sale) ...........................
93
84
70
69
-25.8%
Month’s Supply of Inventory ................................
5.7
6.2
5.7
6.1
7.7%
Percent Under Contract ........................................
18.2%
17.6%
16.1%
14.1%
-22.1%
Average Median Price for Last 12 Months ........
$1,852,297
$1,992,550
$2,028,433
$1,961,273
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.946
AUG
$2,000,000
SEP OCT
MEDIAN SALES PRICE
NOV
$931
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Newport Coast DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,517,500
$2,390,000
$2,350,000
$2,725,000
8.2%
Average Price per Square Foot ...........................
$1,084
$786
$722
$974
-10.1%
Properties Sold .......................................................
8
4
14
12
50.0%
Properties Pending Sale .......................................
9
10
17
17
88.9%
Properties For Sale ................................................
99
91
113
121
22.2%
Days on Market (Pending Sale) ...........................
154
94
68
88
-42.9%
Month’s Supply of Inventory ................................
12.4
22.8
8.1
10.1
-18.5%
Percent Under Contract ........................................
9.1%
11.0%
15.0%
14.0%
54.5%
Average Median Price for Last 12 Months ........
$3,283,069
$2,569,583
$2,778,333
$2,839,197
-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
$2.517
AUG
$2,725,000
SEP OCT
MEDIAN SALES PRICE
NOV
$974
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Newport Heights DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,465,000
$1,500,000
$1,354,500
$1,562,500
6.7%
Average Price per Square Foot ...........................
$560
$766
$713
$804
43.6%
Properties Sold .......................................................
6
5
4
8
33.3%
Properties Pending Sale .......................................
3
3
2
6
100.0%
Properties For Sale ................................................
33
20
42
56
69.7%
Days on Market (Pending Sale) ...........................
54
120
48
36
-33.3%
Month’s Supply of Inventory ................................
5.5
4
10.5
7
27.3%
Percent Under Contract ........................................
9.1%
15.0%
4.8%
10.7%
17.9%
Average Median Price for Last 12 Months ........
$1,764,637
$1,602,400
$1,806,250
$1,504,958
-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
$1.465
AUG
$1,562,500
SEP OCT
MEDIAN SALES PRICE
NOV
$804
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Rancho Santa Margarita DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$685,000
$741,250
$765,000
$730,000
6.6%
Average Price per Square Foot ...........................
$319
$320
$314
$334
4.7%
Properties Sold .......................................................
50
30
43
43
-14.0%
Properties Pending Sale .......................................
55
30
57
49
-10.9%
Properties For Sale ................................................
187
92
133
176
-5.9%
Days on Market (Pending Sale) ...........................
44
56
44
57
29.5%
Month’s Supply of Inventory ................................
3.7
3.1
3.1
4.1
9.4%
Percent Under Contract ........................................
29.4%
32.6%
42.9%
27.8%
-5.3%
Average Median Price for Last 12 Months ........
$655,600
$716,250
$720,833
$709,865
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
$685
AUG
$730,000
SEP OCT
MEDIAN SALES PRICE
NOV
$334
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Clemente DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$905,000
$877,500
$900,000
$899,000
-0.7%
Average Price per Square Foot ...........................
$382
$416
$405
$416
8.9%
Properties Sold .......................................................
73
38
82
75
2.7%
Properties Pending Sale .......................................
56
50
85
63
12.5%
Properties For Sale ................................................
311
243
338
384
23.5%
Days on Market (Pending Sale) ...........................
59
76
62
80
35.6%
Month’s Supply of Inventory ................................
4.3
6.4
4.1
5.1
20.2%
Percent Under Contract ........................................
18.0%
20.6%
25.1%
16.4%
-8.9%
Average Median Price for Last 12 Months ........
$851,250
$930,500
$944,667
$927,672
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
$905
AUG
$899,000
SEP OCT
MEDIAN SALES PRICE
NOV
$416
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Juan Capistrano DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$835,000
$1,159,000
$1,060,000
$900,000
7.8%
Average Price per Square Foot ...........................
$360
$337
$329
$433
20.3%
Properties Sold .......................................................
22
21
19
29
31.8%
Properties Pending Sale .......................................
33
30
33
31
-6.1%
Properties For Sale ................................................
165
127
183
225
36.4%
Days on Market (Pending Sale) ...........................
58
67
61
88
51.7%
Month’s Supply of Inventory ................................
7.5
6
9.6
7.8
3.4%
Percent Under Contract ........................................
20.0%
23.6%
18.0%
13.8%
-31.1%
Average Median Price for Last 12 Months ........
$819,053
$911,294
$913,417
$944,405
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
$835
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$433
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.8 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 2016
telesproperties.com
Shady Canyon DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$5,450,000
$7,625,000
$0
$5,600,000
2.8%
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
2
4
0
1
-50.0%
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
17
13
12
25
47.1%
Days on Market (Pending Sale) ...........................
0
103
0
2
n/a
Month’s Supply of Inventory ................................
8.5
3.2
n/a
25
194.1%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$2,746,250
$5,407,500
$5,143,333
$6,178,333
125.0%
*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
$5.450
AUG
$5,600,000
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
25 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$5.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Turtle Ridge DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,128,000
$3,485,000
$0
$2,950,000
38.6%
Average Price per Square Foot ...........................
$611
$737
$0
$748
22.4%
Properties Sold .......................................................
2
2
0
4
100.0%
Properties Pending Sale .......................................
2
3
4
1
-50.0%
Properties For Sale ................................................
25
18
19
14
-44.0%
Days on Market (Pending Sale) ...........................
101
165
68
87
-13.9%
Month’s Supply of Inventory ................................
12.5
9
n/a
3.5
-72.0%
Percent Under Contract ........................................
8.0%
16.7%
21.1%
7.1%
-10.7%
Average Median Price for Last 12 Months ........
$2,298,370
$2,844,000
$2,666,667
$2,637,818
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
$2.128
AUG
$2,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$748
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.950 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 2016
telesproperties.com
Turtle Rock DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,630,000
$2,050,000
$1,325,000
$1,655,000
1.5%
Average Price per Square Foot ...........................
$702
$695
$523
$623
-11.3%
Properties Sold .......................................................
15
9
7
5
-66.7%
Properties Pending Sale .......................................
6
9
12
6
0.0%
Properties For Sale ................................................
54
49
53
79
46.3%
Days on Market (Pending Sale) ...........................
90
91
77
46
-48.9%
Month’s Supply of Inventory ................................
3.6
5.4
7.6
15.8
338.9%
Percent Under Contract ........................................
11.1%
18.4%
22.6%
7.6%
-31.6%
Average Median Price for Last 12 Months ........
$1,314,361
$1,995,083
$1,671,333
$1,797,546
36.8%
*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
$1.630
AUG
$1,655,000
SEP OCT
MEDIAN SALES PRICE
NOV
$623
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15.8 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 2016
telesproperties.com
Westminster DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$600,000
$535,000
$581,000
$599,500
-0.1%
Average Price per Square Foot ...........................
$361
$342
$369
$348
-3.6%
Properties Sold .......................................................
47
21
26
30
-36.2%
Properties Pending Sale .......................................
42
29
50
35
-16.7%
Properties For Sale ................................................
113
78
92
102
-9.7%
Days on Market (Pending Sale) ...........................
30
40
34
32
6.7%
Month’s Supply of Inventory ................................
2.4
3.7
3.5
3.4
41.4%
Percent Under Contract ........................................
37.2%
37.2%
54.3%
34.3%
-7.7%
Average Median Price for Last 12 Months ........
$546,921
$595,750
$611,500
$581,515
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$600
AUG
$599,500
SEP OCT
MEDIAN SALES PRICE
NOV
$348
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,472,500
$1,622,500
$1,800,000
$1,825,000
23.9%
Average Price per Square Foot ...........................
$601
$781
$609
$703
17.0%
Properties Sold .......................................................
16
4
13
18
12.5%
Properties Pending Sale .......................................
14
11
11
12
-14.3%
Properties For Sale ................................................
80
52
70
70
-12.5%
Days on Market (Pending Sale) ...........................
89
49
42
62
-30.3%
Month’s Supply of Inventory ................................
5
13
5.4
3.9
-22.2%
Percent Under Contract ........................................
17.5%
21.2%
15.7%
17.1%
-2.0%
Average Median Price for Last 12 Months ........
$1,506,316
$1,573,750
$1,515,500
$1,621,192
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
$1.472
AUG
$1,825,000
SEP OCT
MEDIAN SALES PRICE
NOV
$703
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
West Newport - Lido DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,775,000
$2,837,500
$2,350,000
$2,457,500
38.5%
Average Price per Square Foot ...........................
$955
$1,122
$1,275
$1,380
44.5%
Properties Sold .......................................................
10
9
9
11
10.0%
Properties Pending Sale .......................................
8
7
8
11
37.5%
Properties For Sale ................................................
54
46
57
63
16.7%
Days on Market (Pending Sale) ...........................
42
92
125
95
126.2%
Month’s Supply of Inventory ................................
5.4
5.1
6.3
5.7
6.1%
Percent Under Contract ........................................
14.8%
15.2%
14.0%
17.5%
17.9%
Average Median Price for Last 12 Months ........
$2,094,864
$2,148,833
$2,425,833
$2,371,385
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
$1.775
AUG
$2,457,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,380
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.457 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 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : July 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : July 2016
telesproperties.com
Carpinteria DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,107,925
$747,500
$856,000
$985,000
-11.1%
Average Price per Square Foot ...........................
$601
$590
$555
$771
28.3%
Properties Sold .......................................................
4
2
4
6
50.0%
Properties Pending Sale .......................................
3
4
9
6
100.0%
Properties For Sale ................................................
32
28
36
42
31.2%
Days on Market (Pending Sale) ...........................
12
20
77
18
50.0%
Month’s Supply of Inventory ................................
8
14
9
7
-12.5%
Percent Under Contract ........................................
9.4%
14.3%
25.0%
14.3%
52.4%
Average Median Price for Last 12 Months ........
$994,785
$1,114,987
$1,048,167
$1,026,796
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
$1.107
AUG
$985,000
SEP OCT
MEDIAN SALES PRICE
NOV
$771
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Goleta DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$770,214
$745,500
$847,500
$895,000
16.2%
Average Price per Square Foot ...........................
$455
$504
$564
$446
-2.0%
Properties Sold .......................................................
5
8
10
7
40.0%
Properties Pending Sale .......................................
2
5
10
13
550.0%
Properties For Sale ................................................
18
24
38
46
155.6%
Days on Market (Pending Sale) ...........................
31
40
45
47
51.6%
Month’s Supply of Inventory ................................
3.6
3
3.8
6.6
82.5%
Percent Under Contract ........................................
11.1%
20.8%
26.3%
28.3%
154.3%
Average Median Price for Last 12 Months ........
$766,747
$851,171
$874,833
$828,711
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
$770
AUG
$895,000
SEP OCT
MEDIAN SALES PRICE
NOV
$446
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 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 2016
telesproperties.com
Hope Ranch DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$3,900,000
$0
$5,175,000
$2,375,000
-39.1%
Average Price per Square Foot ...........................
$1,051
$0
$1,166
$755
-28.2%
Properties Sold .......................................................
3
0
1
3
0.0%
Properties Pending Sale .......................................
1
1
6
2
100.0%
Properties For Sale ................................................
21
16
32
35
66.7%
Days on Market (Pending Sale) ...........................
19
3
159
70
268.4%
Month’s Supply of Inventory ................................
7
n/a
32
11.7
66.7%
Percent Under Contract ........................................
4.8%
6.2%
18.8%
5.7%
20.0%
Average Median Price for Last 12 Months ........
$3,137,458
$3,683,750
$2,108,333
$3,701,556
18.0%
*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 $3.900
JUL AUG
$2,375,000
SEP OCT
MEDIAN SALES PRICE
NOV
$755
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.375 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 2016
telesproperties.com
Montecito DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,650,000
$3,925,000
$3,350,000
$2,675,000
0.9%
Average Price per Square Foot ...........................
$1,513
$1,094
$844
$958
-36.7%
Properties Sold .......................................................
5
22
15
19
280.0%
Properties Pending Sale .......................................
7
16
20
16
128.6%
Properties For Sale ................................................
156
130
188
201
28.8%
Days on Market (Pending Sale) ...........................
39
59
122
138
253.8%
Month’s Supply of Inventory ................................
31.2
5.9
12.5
10.6
-66.1%
Percent Under Contract ........................................
4.5%
12.3%
10.6%
8.0%
77.4%
Average Median Price for Last 12 Months ........
$3,366,109
$3,185,417
$2,833,333
$2,929,231
-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
$2.650
AUG
$2,675,000
SEP OCT
MEDIAN SALES PRICE
NOV
$958
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.675 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 2016
telesproperties.com
Santa Barbara East of State DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$997,500
$1,451,000
$1,291,250
$1,205,000
20.8%
Average Price per Square Foot ...........................
$741
$676
$697
$758
2.3%
Properties Sold .......................................................
8
18
46
22
175.0%
Properties Pending Sale .......................................
8
15
35
33
312.5%
Properties For Sale ................................................
115
117
130
177
53.9%
Days on Market (Pending Sale) ...........................
71
62
45
49
-31.0%
Month’s Supply of Inventory ................................
14.4
6.5
2.8
8
-44.0%
Percent Under Contract ........................................
7.0%
12.8%
26.9%
18.6%
168.0%
Average Median Price for Last 12 Months ........
$1,227,229
$1,230,521
$1,220,292
$1,261,337
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$997
AUG
$1,205,000
SEP OCT
MEDIAN SALES PRICE
NOV
$758
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Santa Barbara West of State DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,152,500
$1,236,000
$976,500
$1,050,000
-8.9%
Average Price per Square Foot ...........................
$574
$826
$647
$665
15.9%
Properties Sold .......................................................
10
17
16
15
50.0%
Properties Pending Sale .......................................
10
19
23
25
150.0%
Properties For Sale ................................................
44
46
79
107
143.2%
Days on Market (Pending Sale) ...........................
40
47
41
52
30.0%
Month’s Supply of Inventory ................................
4.4
2.7
4.9
7.1
62.1%
Percent Under Contract ........................................
22.7%
41.3%
29.1%
23.4%
2.8%
Average Median Price for Last 12 Months ........
$1,069,000
$1,018,958
$991,000
$1,055,987
-1.2%
*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
$1.152
AUG
$1,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$665
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Santa Ynez DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$895,000
$685,000
$635,000
$822,500
-8.1%
Average Price per Square Foot ...........................
$407
$365
$439
$346
-15.0%
Properties Sold .......................................................
1
15
9
10
900.0%
Properties Pending Sale .......................................
5
13
25
14
180.0%
Properties For Sale ................................................
105
121
170
150
42.9%
Days on Market (Pending Sale) ...........................
49
147
91
86
75.5%
Month’s Supply of Inventory ................................
105
8.1
18.9
15
-85.7%
Percent Under Contract ........................................
4.8%
10.7%
14.7%
9.3%
96.0%
Average Median Price for Last 12 Months ........
$768,396
$764,417
$803,833
$754,962
-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
$895
AUG
$822,500
SEP OCT
MEDIAN SALES PRICE
NOV
$346
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : July 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : July 2016
telesproperties.com
Carmel DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,375,500
$1,547,500
$1,775,000
$1,195,000
-13.1%
Average Price per Square Foot ...........................
$727
$1,168
$979
$724
-0.4%
Properties Sold .......................................................
22
20
25
24
9.1%
Properties Pending Sale .......................................
21
21
32
28
33.3%
Properties For Sale ................................................
168
124
153
183
8.9%
Days on Market (Pending Sale) ...........................
92
77
82
83
-9.8%
Month’s Supply of Inventory ................................
7.6
6.2
6.1
7.6
-0.1%
Percent Under Contract ........................................
12.5%
16.9%
20.9%
15.3%
22.4%
Average Median Price for Last 12 Months ........
$1,413,263
$1,415,000
$1,447,500
$1,433,423
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.375
AUG
$1,195,000
SEP OCT
MEDIAN SALES PRICE
NOV
$724
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Carmel Valley DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$698,388
$787,500
$975,000
$845,000
21.0%
Average Price per Square Foot ...........................
$485
$343
$463
$487
0.4%
Properties Sold .......................................................
10
4
9
11
10.0%
Properties Pending Sale .......................................
12
5
15
9
-25.0%
Properties For Sale ................................................
66
51
76
73
10.6%
Days on Market (Pending Sale) ...........................
119
88
97
67
-43.7%
Month’s Supply of Inventory ................................
6.6
12.8
8.4
6.6
0.6%
Percent Under Contract ........................................
18.2%
9.8%
19.7%
12.3%
-32.2%
Average Median Price for Last 12 Months ........
$908,949
$1,047,083
$1,094,167
$926,677
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$698
AUG
$845,000
SEP OCT
MEDIAN SALES PRICE
NOV
$487
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Marina DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$453,500
$460,000
$460,000
$475,000
4.7%
Average Price per Square Foot ...........................
$274
$265
$319
$333
21.5%
Properties Sold .......................................................
10
9
9
11
10.0%
Properties Pending Sale .......................................
14
9
15
10
-28.6%
Properties For Sale ................................................
23
22
30
27
17.4%
Days on Market (Pending Sale) ...........................
32
37
30
23
-28.1%
Month’s Supply of Inventory ................................
2.3
2.4
3.3
2.5
6.7%
Percent Under Contract ........................................
60.9%
40.9%
50.0%
37.0%
-39.2%
Average Median Price for Last 12 Months ........
$432,713
$473,917
$478,667
$465,650
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
$453
AUG
$475,000
SEP OCT
MEDIAN SALES PRICE
NOV
$333
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Monterey DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$820,000
$782,000
$797,500
$845,000
3.0%
Average Price per Square Foot ...........................
$408
$386
$464
$460
12.7%
Properties Sold .......................................................
35
10
18
14
-60.0%
Properties Pending Sale .......................................
17
15
24
19
11.8%
Properties For Sale ................................................
96
80
85
107
11.5%
Days on Market (Pending Sale) ...........................
74
93
69
33
-55.4%
Month’s Supply of Inventory ................................
2.7
8
4.7
7.6
178.6%
Percent Under Contract ........................................
17.7%
18.8%
28.2%
17.8%
0.3%
Average Median Price for Last 12 Months ........
$694,338
$758,042
$800,000
$730,942
5.3%
*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
$820
AUG
$845,000
SEP OCT
MEDIAN SALES PRICE
NOV
$460
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Pacific Grove DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$685,000
$812,500
$792,500
$813,000
18.7%
Average Price per Square Foot ...........................
$603
$555
$566
$682
13.1%
Properties Sold .......................................................
21
10
16
16
-23.8%
Properties Pending Sale .......................................
14
9
18
12
-14.3%
Properties For Sale ................................................
64
46
62
64
0.0%
Days on Market (Pending Sale) ...........................
47
41
37
49
4.3%
Month’s Supply of Inventory ................................
3
4.6
3.9
4
31.2%
Percent Under Contract ........................................
21.9%
19.6%
29.0%
18.8%
-14.3%
Average Median Price for Last 12 Months ........
$762,083
$858,750
$916,833
$838,154
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
$685
AUG
$813,000
SEP OCT
MEDIAN SALES PRICE
NOV
$682
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$813 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Pebble Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,125,000
$1,700,000
$1,295,000
$1,490,000
32.4%
Average Price per Square Foot ...........................
$688
$748
$562
$790
14.8%
Properties Sold .......................................................
12
7
11
11
-8.3%
Properties Pending Sale .......................................
8
9
8
20
150.0%
Properties For Sale ................................................
89
67
76
89
0.0%
Days on Market (Pending Sale) ...........................
253
84
51
120
-52.6%
Month’s Supply of Inventory ................................
7.4
9.6
6.9
8.1
9.1%
Percent Under Contract ........................................
9.0%
13.4%
10.5%
22.5%
150.0%
Average Median Price for Last 12 Months ........
$1,542,729
$1,484,250
$1,457,667
$1,506,077
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.125
AUG
$1,490,000
SEP OCT
MEDIAN SALES PRICE
NOV
$790
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Salinas DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$411,450
$427,500
$432,000
$465,000
13.0%
Average Price per Square Foot ...........................
$255
$257
$274
$285
11.8%
Properties Sold .......................................................
74
38
50
61
-17.6%
Properties Pending Sale .......................................
63
52
73
77
22.2%
Properties For Sale ................................................
224
162
206
231
3.1%
Days on Market (Pending Sale) ...........................
45
48
45
49
8.9%
Month’s Supply of Inventory ................................
3
4.3
4.1
3.8
25.1%
Percent Under Contract ........................................
28.1%
32.1%
35.4%
33.3%
18.5%
Average Median Price for Last 12 Months ........
$402,527
$451,167
$472,333
$431,612
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
$411
AUG
$465,000
SEP OCT
MEDIAN SALES PRICE
NOV
$285
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2016
telesproperties.com
Seaside DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$445,000
$535,000
$418,500
$502,500
12.9%
Average Price per Square Foot ...........................
$310
$290
$361
$372
20.0%
Properties Sold .......................................................
21
9
18
24
14.3%
Properties Pending Sale .......................................
15
21
16
15
0.0%
Properties For Sale ................................................
43
46
42
57
32.6%
Days on Market (Pending Sale) ...........................
17
39
27
26
52.9%
Month’s Supply of Inventory ................................
2
5.1
2.3
2.4
16.0%
Percent Under Contract ........................................
34.9%
45.7%
38.1%
26.3%
-24.6%
Average Median Price for Last 12 Months ........
$369,565
$451,474
$458,448
$443,700
20.1%
*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
$445
AUG
$502,500
SEP OCT
MEDIAN SALES PRICE
NOV
$372
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$502 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : July 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : July 2016
telesproperties.com
San Diego County DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$549,250
$532,000
$562,500
$564,500
2.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2468
1308
2193
2166
-12.2%
Properties Pending Sale .......................................
2243
1797
2628
2283
1.8%
Properties For Sale ................................................
9,170
6,893
7,950
8,723
-4.9%
Days on Market (Pending Sale) ...........................
39
51
38
39
0.0%
Month’s Supply of Inventory ................................
3.7
5.3
3.6
4
8.4%
Percent Under Contract ........................................
24.5%
26.1%
33.1%
26.2%
7.0%
Average Median Price for Last 12 Months ........
$509,771
$556,083
$566,000
$544,385
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$549
AUG
$564,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$564 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Carlsbad DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$821,500
$852,500
$823,000
$865,000
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
138
62
105
96
-30.4%
Properties Pending Sale .......................................
101
56
124
99
-2.0%
Properties For Sale ................................................
467
280
339
404
-13.5%
Days on Market (Pending Sale) ...........................
32
51
28
32
0.0%
Month’s Supply of Inventory ................................
3.4
4.5
3.2
4.2
24.4%
Percent Under Contract ........................................
21.6%
20.0%
36.6%
24.5%
13.3%
Average Median Price for Last 12 Months ........
$806,913
$865,046
$908,167
$848,746
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$821
AUG
$865,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Carmel Valley DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,200,000
$1,052,944
$1,085,000
$1,104,500
-8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
51
26
53
52
2.0%
Properties Pending Sale .......................................
46
31
50
47
2.2%
Properties For Sale ................................................
224
175
196
223
-0.4%
Days on Market (Pending Sale) ...........................
46
58
35
40
-13.0%
Month’s Supply of Inventory ................................
4.4
6.7
3.7
4.3
-2.4%
Percent Under Contract ........................................
20.5%
17.7%
25.5%
21.1%
2.6%
Average Median Price for Last 12 Months ........
$1,147,292
$1,124,917
$1,123,500
$1,119,226
-2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.200
AUG
$1,104,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.104 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Chula Vista DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$495,000
$480,000
$519,500
$501,750
1.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
201
105
157
140
-30.3%
Properties Pending Sale .......................................
168
136
215
170
1.2%
Properties For Sale ................................................
606
473
482
510
-15.8%
Days on Market (Pending Sale) ...........................
41
56
36
35
-14.6%
Month’s Supply of Inventory ................................
3
4.5
3.1
3.6
20.8%
Percent Under Contract ........................................
27.7%
28.8%
44.6%
33.3%
20.2%
Average Median Price for Last 12 Months ........
$459,254
$503,525
$500,550
$494,379
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$495
AUG
$501,750
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$501 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Coronado DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$2,175,000
$1,685,000
$1,640,000
$1,835,000
-15.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
13
20
13
8.3%
Properties Pending Sale .......................................
13
11
26
12
-7.7%
Properties For Sale ................................................
133
128
137
137
3.0%
Days on Market (Pending Sale) ...........................
92
95
68
102
10.9%
Month’s Supply of Inventory ................................
11.1
9.8
6.8
10.5
-4.9%
Percent Under Contract ........................................
9.8%
8.6%
19.0%
8.8%
-10.4%
Average Median Price for Last 12 Months ........
$1,680,750
$1,662,665
$1,815,583
$1,728,984
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.175
AUG
$1,835,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.835 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 2016
telesproperties.com
Del Mar DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,407,500
$1,610,000
$1,606,000
$1,483,750
5.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
10
9
22
12
20.0%
Properties Pending Sale .......................................
15
10
23
14
-6.7%
Properties For Sale ................................................
91
79
109
95
4.4%
Days on Market (Pending Sale) ...........................
38
65
29
64
68.4%
Month’s Supply of Inventory ................................
9.1
8.8
5
7.9
-13.0%
Percent Under Contract ........................................
16.5%
12.7%
21.1%
14.7%
-10.6%
Average Median Price for Last 12 Months ........
$1,608,038
$1,914,958
$1,827,917
$1,852,356
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
$1.407
AUG
$1,483,750
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.483 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
El Cajon DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$440,000
$454,250
$457,000
$493,250
12.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
113
56
98
96
-15.0%
Properties Pending Sale .......................................
115
76
134
105
-8.7%
Properties For Sale ................................................
419
337
372
357
-14.8%
Days on Market (Pending Sale) ...........................
34
54
37
35
2.9%
Month’s Supply of Inventory ................................
3.7
6
3.8
3.7
0.3%
Percent Under Contract ........................................
27.4%
22.6%
36.0%
29.4%
7.2%
Average Median Price for Last 12 Months ........
$436,791
$475,542
$501,583
$465,535
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$440
AUG
$493,250
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$493 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Encinitas DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,022,500
$1,227,000
$904,500
$1,325,000
29.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
54
27
40
43
-20.4%
Properties Pending Sale .......................................
48
27
48
48
0.0%
Properties For Sale ................................................
184
115
177
193
4.9%
Days on Market (Pending Sale) ...........................
38
58
41
37
-2.6%
Month’s Supply of Inventory ................................
3.4
4.3
4.4
4.5
31.7%
Percent Under Contract ........................................
26.1%
23.5%
27.1%
24.9%
-4.7%
Average Median Price for Last 12 Months ........
$1,061,516
$1,132,167
$1,268,667
$1,102,446
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.022
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Escondido DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$479,000
$465,000
$484,500
$527,500
10.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
183
71
132
137
-25.1%
Properties Pending Sale .......................................
154
106
185
136
-11.7%
Properties For Sale ................................................
609
431
513
567
-6.9%
Days on Market (Pending Sale) ...........................
38
48
38
50
31.6%
Month’s Supply of Inventory ................................
3.3
6.1
3.9
4.1
24.4%
Percent Under Contract ........................................
25.3%
24.6%
36.1%
24.0%
-5.1%
Average Median Price for Last 12 Months ........
$441,329
$506,185
$505,536
$482,508
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
$479
AUG
$527,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$527 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Imperial-Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$441,250
$424,000
$406,500
$539,000
22.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
7
4
7
-12.5%
Properties Pending Sale .......................................
11
7
13
11
0.0%
Properties For Sale ................................................
38
21
27
36
-5.3%
Days on Market (Pending Sale) ...........................
49
70
32
24
-51.0%
Month’s Supply of Inventory ................................
4.8
3
6.8
5.1
8.3%
Percent Under Contract ........................................
28.9%
33.3%
48.1%
30.6%
5.6%
Average Median Price for Last 12 Months ........
$438,361
$471,375
$481,750
$455,077
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$441
AUG
$539,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
La Jolla DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,950,000
$2,195,000
$2,050,000
$2,100,000
7.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
25
19
41
31
24.0%
Properties Pending Sale .......................................
37
23
34
31
-16.2%
Properties For Sale ................................................
269
247
258
296
10.0%
Days on Market (Pending Sale) ...........................
71
47
44
56
-21.1%
Month’s Supply of Inventory ................................
10.8
13
6.3
9.5
-11.3%
Percent Under Contract ........................................
13.8%
9.3%
13.2%
10.5%
-23.9%
Average Median Price for Last 12 Months ........
$1,720,333
$1,992,250
$2,084,500
$1,957,024
12.1%
*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
$1.950
AUG
$2,100,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
La Mesa DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$450,214
$490,000
$530,000
$505,000
12.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
49
41
71
59
20.4%
Properties Pending Sale .......................................
63
53
74
58
-7.9%
Properties For Sale ................................................
225
198
191
221
-1.8%
Days on Market (Pending Sale) ...........................
48
30
36
34
-29.2%
Month’s Supply of Inventory ................................
3.6
3.7
2.6
3.7
4.9%
Percent Under Contract ........................................
28.0%
26.8%
38.7%
26.2%
-6.3%
Average Median Price for Last 12 Months ........
$463,668
$506,250
$508,167
$493,113
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$450
AUG
$505,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Lemon Grove DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$378,750
$403,000
$405,000
$415,500
9.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
20
21
22
22
10.0%
Properties Pending Sale .......................................
25
16
27
23
-8.0%
Properties For Sale ................................................
61
40
62
57
-6.6%
Days on Market (Pending Sale) ...........................
34
40
31
64
88.2%
Month’s Supply of Inventory ................................
2.4
2.5
2.3
2.6
6.2%
Percent Under Contract ........................................
41.0%
40.0%
43.5%
40.4%
-1.5%
Average Median Price for Last 12 Months ........
$364,808
$405,917
$404,833
$391,673
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$378
AUG
$415,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
National City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$353,000
$345,500
$360,000
$392,000
11.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
13
14
17
15
15.4%
Properties Pending Sale .......................................
15
22
27
17
13.3%
Properties For Sale ................................................
57
56
49
52
-8.8%
Days on Market (Pending Sale) ...........................
20
40
34
73
265.0%
Month’s Supply of Inventory ................................
3.8
2.5
1.8
3.5
-8.8%
Percent Under Contract ........................................
26.3%
39.3%
55.1%
32.7%
24.2%
Average Median Price for Last 12 Months ........
$323,158
$365,917
$374,333
$358,808
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
$353
AUG
$392,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$392 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Oceanside DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$470,000
$476,500
$507,500
$528,000
12.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
167
88
148
143
-14.4%
Properties Pending Sale .......................................
142
106
159
164
15.5%
Properties For Sale ................................................
462
331
349
429
-7.1%
Days on Market (Pending Sale) ...........................
33
46
29
30
-9.1%
Month’s Supply of Inventory ................................
2.8
3.8
2.4
3
8.4%
Percent Under Contract ........................................
30.7%
32.0%
45.6%
38.2%
24.4%
Average Median Price for Last 12 Months ........
$929,100
$497,583
$512,667
$484,500
-91.8%
*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
$470
AUG
$528,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$528 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Poway DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$620,000
$608,750
$590,000
$677,500
9.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
59
22
39
48
-18.6%
Properties Pending Sale .......................................
51
34
61
44
-13.7%
Properties For Sale ................................................
213
166
198
216
1.4%
Days on Market (Pending Sale) ...........................
40
58
34
37
-7.5%
Month’s Supply of Inventory ................................
3.6
7.5
5.1
4.5
24.6%
Percent Under Contract ........................................
23.9%
20.5%
30.8%
20.4%
-14.9%
Average Median Price for Last 12 Months ........
$632,604
$673,667
$711,667
$654,558
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$620
AUG
$677,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 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 2016
telesproperties.com
Rancho Bernardo DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$708,000
$709,250
$724,500
$733,888
3.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
111
57
118
93
-16.2%
Properties Pending Sale .......................................
94
53
114
115
22.3%
Properties For Sale ................................................
438
275
369
457
4.3%
Days on Market (Pending Sale) ...........................
36
48
33
28
-22.2%
Month’s Supply of Inventory ................................
4.2
4.3
5
4.9
16.2%
Percent Under Contract ........................................
21.5%
19.3%
30.9%
25.2%
17.3%
Average Median Price for Last 12 Months ........
$716,442
$739,731
$764,963
$727,434
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$708
AUG
$733,888
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$733 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
San Marcos DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$575,000
$555,350
$560,750
$609,800
6.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
95
46
82
83
-12.6%
Properties Pending Sale .......................................
88
52
90
63
-28.4%
Properties For Sale ................................................
312
189
211
227
-27.2%
Days on Market (Pending Sale) ...........................
34
55
57
25
-26.5%
Month’s Supply of Inventory ................................
3.3
4.1
2.6
2.7
-16.7%
Percent Under Contract ........................................
28.2%
27.5%
42.7%
27.8%
-1.6%
Average Median Price for Last 12 Months ........
$556,063
$614,175
$634,767
$591,038
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$575
AUG
$609,800
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$609 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Santee DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$434,500
$464,850
$475,000
$480,000
10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
48
24
43
57
18.8%
Properties Pending Sale .......................................
35
31
57
43
22.9%
Properties For Sale ................................................
97
85
121
105
8.2%
Days on Market (Pending Sale) ...........................
16
40
31
31
93.8%
Month’s Supply of Inventory ................................
2
3.5
2.8
1.8
-8.8%
Percent Under Contract ........................................
36.1%
36.5%
47.1%
41.0%
13.5%
Average Median Price for Last 12 Months ........
$424,125
$466,917
$476,333
$458,677
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
$434
AUG
$480,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$480 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Solana Beach DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,770,000
$1,475,000
$1,200,000
$1,500,000
-15.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
6
3
2
-77.8%
Properties Pending Sale .......................................
12
10
5
7
-41.7%
Properties For Sale ................................................
40
41
35
39
-2.5%
Days on Market (Pending Sale) ...........................
30
57
62
107
256.7%
Month’s Supply of Inventory ................................
4.4
6.8
11.7
19.5
338.8%
Percent Under Contract ........................................
30.0%
24.4%
14.3%
17.9%
-40.2%
Average Median Price for Last 12 Months ........
$1,569,506
$1,340,417
$1,385,000
$1,376,692
-14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.770
AUG
$1,500,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
19.5 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 2016
telesproperties.com
Vista DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$475,000
$473,750
$493,000
$487,750
2.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
93
42
80
86
-7.5%
Properties Pending Sale .......................................
81
89
90
92
13.6%
Properties For Sale ................................................
285
248
269
323
13.3%
Days on Market (Pending Sale) ...........................
43
50
36
51
18.6%
Month’s Supply of Inventory ................................
3.1
5.9
3.4
3.8
22.6%
Percent Under Contract ........................................
28.4%
35.9%
33.5%
28.5%
0.2%
Average Median Price for Last 12 Months ........
$441,658
$482,875
$490,083
$476,461
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$475
AUG
$487,750
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Riverside County
Bermuda Dunes Cathedral City Coachella Desert Hot Springs Indian Wells Indio La Quinta Palm Desert Palm Springs Rancho Mirage Thousand Palms
Micro Market Report : July 2016
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : July 2016
telesproperties.com
Bermuda Dunes DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$401,500
$311,338
$475,000
$0
-100.0%
Average Price per Square Foot ...........................
$181
$120
$184
$0
n/a
Properties Sold .......................................................
9
2
2
0
-100.0%
Properties Pending Sale .......................................
7
0
1
1
-85.7%
Properties For Sale ................................................
31
12
14
13
-58.1%
Days on Market (Pending Sale) ...........................
83
0
117
81
-2.4%
Month’s Supply of Inventory ................................
3.4
6
7
n/a
n/a
Percent Under Contract ........................................
22.6%
0.0%
7.1%
7.7%
-65.9%
Average Median Price for Last 12 Months ........
$376,771
$475,000
n/a
$400,647
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$401
AUG
No sales
SEP OCT
MEDIAN SALES PRICE
NOV
No sales
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
n/a 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 2016
telesproperties.com
Cathedral City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$270,000
$255,000
$290,000
$295,000
9.3%
Average Price per Square Foot ...........................
$149
$160
$163
$159
n/a
Properties Sold .......................................................
45
13
16
19
-57.8%
Properties Pending Sale .......................................
32
15
20
25
-21.9%
Properties For Sale ................................................
151
127
145
119
-21.2%
Days on Market (Pending Sale) ...........................
98
55
87
85
-13.3%
Month’s Supply of Inventory ................................
3.4
9.8
9.1
6.3
86.7%
Percent Under Contract ........................................
21.2%
11.8%
13.8%
21.0%
-0.9%
Average Median Price for Last 12 Months ........
$252,954
$269,042
$274,833
$276,038
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
$270
AUG
$295,000
SEP OCT
MEDIAN SALES PRICE
NOV
$159
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Coachella DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$220,000
$205,000
$236,000
$218,000
-0.9%
Average Price per Square Foot ...........................
$124
$106
$117
$123
n/a
Properties Sold .......................................................
17
3
4
2
-88.2%
Properties Pending Sale .......................................
11
4
3
3
-72.7%
Properties For Sale ................................................
31
11
12
8
-74.2%
Days on Market (Pending Sale) ...........................
82
44
46
53
-35.4%
Month’s Supply of Inventory ................................
1.8
3.7
3
4
119.4%
Percent Under Contract ........................................
35.5%
36.4%
25.0%
37.5%
5.7%
Average Median Price for Last 12 Months ........
$202,000
$219,937
$212,667
$223,086
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
$220
AUG
$218,000
SEP OCT
MEDIAN SALES PRICE
NOV
$123
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$218 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Desert Hot Springs DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$158,500
$159,900
$164,000
$183,000
15.5%
Average Price per Square Foot ...........................
$104
$118
$112
$118
n/a
Properties Sold .......................................................
66
17
31
28
-57.6%
Properties Pending Sale .......................................
47
26
36
26
-44.7%
Properties For Sale ................................................
238
199
207
141
-40.8%
Days on Market (Pending Sale) ...........................
105
83
95
95
-9.5%
Month’s Supply of Inventory ................................
3.6
11.7
6.7
5
39.6%
Percent Under Contract ........................................
19.7%
13.1%
17.4%
18.4%
-6.6%
Average Median Price for Last 12 Months ........
$150,106
$172,856
$185,412
$167,914
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
$158
AUG
$183,000
SEP OCT
MEDIAN SALES PRICE
NOV
$118
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$183 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Indian Wells DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$972,500
$654,500
$715,000
$583,000
-40.1%
Average Price per Square Foot ...........................
$376
$167
$226
$260
n/a
Properties Sold .......................................................
16
1
1
1
-93.8%
Properties Pending Sale .......................................
12
1
2
1
-91.7%
Properties For Sale ................................................
75
19
22
17
-77.3%
Days on Market (Pending Sale) ...........................
168
19
55
148
-11.9%
Month’s Supply of Inventory ................................
4.7
19
22
17
262.7%
Percent Under Contract ........................................
16.0%
5.3%
9.1%
5.9%
-63.2%
Average Median Price for Last 12 Months ........
$871,292
$677,600
$664,333
$664,416
-31.1%
*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 $972
JUL AUG
$583,000
SEP OCT
MEDIAN SALES PRICE
NOV
$260
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
17 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$583 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Indio DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$275,000
$292,995
$238,000
$233,000
-15.3%
Average Price per Square Foot ...........................
$137
$149
$139
$134
n/a
Properties Sold .......................................................
93
16
8
11
-88.2%
Properties Pending Sale .......................................
75
14
23
15
-80.0%
Properties For Sale ................................................
272
86
94
65
-76.1%
Days on Market (Pending Sale) ...........................
108
71
86
49
-54.6%
Month’s Supply of Inventory ................................
2.9
5.4
11.8
5.9
102.0%
Percent Under Contract ........................................
27.6%
16.3%
24.5%
23.1%
-16.3%
Average Median Price for Last 12 Months ........
$265,011
$245,333
$234,333
$266,293
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $275
JUL AUG
$233,000
SEP OCT
MEDIAN SALES PRICE
NOV
$134
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$233 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
La Quinta DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$349,000
$256,225
$257,000
$345,000
-1.1%
Average Price per Square Foot ...........................
$213
$154
$172
$192
n/a
Properties Sold .......................................................
107
6
10
4
-96.3%
Properties Pending Sale .......................................
93
8
12
11
-88.2%
Properties For Sale ................................................
380
109
114
85
-77.6%
Days on Market (Pending Sale) ...........................
117
184
102
79
-32.5%
Month’s Supply of Inventory ................................
3.6
18.2
11.4
21.2
498.4%
Percent Under Contract ........................................
24.5%
7.3%
10.5%
12.9%
-47.1%
Average Median Price for Last 12 Months ........
$417,568
$289,708
$312,500
$315,713
-32.3%
*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
$349
AUG
$345,000
SEP OCT
MEDIAN SALES PRICE
NOV
$192
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
21.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$345 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Palm Desert DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$394,700
$409,000
$445,000
$325,000
-17.7%
Average Price per Square Foot ...........................
$214
$189
$216
$184
n/a
Properties Sold .......................................................
80
13
15
15
-81.2%
Properties Pending Sale .......................................
75
13
19
7
-90.7%
Properties For Sale ................................................
322
147
149
83
-74.2%
Days on Market (Pending Sale) ...........................
141
137
108
170
20.6%
Month’s Supply of Inventory ................................
4
11.3
9.9
5.5
37.5%
Percent Under Contract ........................................
23.3%
8.8%
12.8%
8.4%
-63.8%
Average Median Price for Last 12 Months ........
$357,642
$368,668
$386,003
$351,699
-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 $394
JUL AUG
$325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$184
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Palm Springs DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$500,000
$560,000
$600,000
$610,000
22.0%
Average Price per Square Foot ...........................
$299
$324
$325
$305
n/a
Properties Sold .......................................................
73
43
75
69
-5.5%
Properties Pending Sale .......................................
56
43
74
70
25.0%
Properties For Sale ................................................
423
485
546
424
0.2%
Days on Market (Pending Sale) ...........................
82
91
97
82
0.0%
Month’s Supply of Inventory ................................
5.8
11.3
7.3
6.1
6.0%
Percent Under Contract ........................................
13.2%
8.9%
13.6%
16.5%
24.7%
Average Median Price for Last 12 Months ........
$536,708
$590,500
$584,833
$563,538
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$500
AUG
$610,000
SEP OCT
MEDIAN SALES PRICE
NOV
$305
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 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 2016
telesproperties.com
Rancho Mirage DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$569,000
$565,000
$614,500
$410,000
-27.9%
Average Price per Square Foot ...........................
$240
$201
$229
$212
n/a
Properties Sold .......................................................
25
8
6
11
-56.0%
Properties Pending Sale .......................................
18
11
8
8
-55.6%
Properties For Sale ................................................
196
141
147
107
-45.4%
Days on Market (Pending Sale) ...........................
147
133
112
84
-42.9%
Month’s Supply of Inventory ................................
7.8
17.6
24.5
9.7
24.1%
Percent Under Contract ........................................
9.2%
7.8%
5.4%
7.5%
-18.6%
Average Median Price for Last 12 Months ........
$608,646
$577,250
$576,333
$543,394
-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 $569
JUL AUG
$410,000
SEP OCT
MEDIAN SALES PRICE
NOV
$212
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2016
telesproperties.com
Thousand Palms DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$170,000
$0
$0
$183,557
8.0%
Average Price per Square Foot ...........................
$116
$0
$0
$119
n/a
Properties Sold .......................................................
4
0
0
2
-50.0%
Properties Pending Sale .......................................
3
0
2
1
-66.7%
Properties For Sale ................................................
11
3
6
4
-63.6%
Days on Market (Pending Sale) ...........................
45
0
64
35
-22.2%
Month’s Supply of Inventory ................................
3.7
n/a
3
2
-45.5%
Percent Under Contract ........................................
27.3%
0.0%
33.3%
25.0%
-8.3%
Average Median Price for Last 12 Months ........
$213,814
$196,279
$196,279
$193,139
-10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$170
AUG
$183,557
SEP OCT
MEDIAN SALES PRICE
NOV
$119
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$183 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : July 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : July 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$670,000
$589,500
$740,000
$862,000
28.7%
Average Price per Square Foot ...........................
$521
$523
$645
$572
9.8%
Properties Sold .......................................................
12
6
5
12
0.0%
Properties Pending Sale .......................................
13
10
3
12
-7.7%
Properties For Sale ................................................
40
29
36
43
7.5%
Days on Market (Pending Sale) ...........................
31
48
32
39
25.8%
Month’s Supply of Inventory ................................
3.3
4.8
7.2
3.6
7.5%
Percent Under Contract ........................................
32.5%
34.5%
8.3%
27.9%
-14.1%
Average Median Price for Last 12 Months ........
$654,600
$708,750
$752,000
$720,899
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
$670
AUG
$862,000
SEP OCT
MEDIAN SALES PRICE
NOV
$572
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Beverly Hills DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$1,130,000
$990,000
$1,185,000
$1,318,888
16.7%
Average Price per Square Foot ...........................
$568
$586
$672
$720
26.8%
Properties Sold .......................................................
12
9
9
7
-41.7%
Properties Pending Sale .......................................
15
8
12
8
-46.7%
Properties For Sale ................................................
61
42
54
52
-14.8%
Days on Market (Pending Sale) ...........................
54
63
50
68
25.9%
Month’s Supply of Inventory ................................
5.1
4.7
6
7.4
46.1%
Percent Under Contract ........................................
24.6%
19.0%
22.2%
15.4%
-37.4%
Average Median Price for Last 12 Months ........
$1,097,006
$1,211,731
$1,232,963
$1,212,914
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
$1.130
AUG
$1,318,888
SEP OCT
MEDIAN SALES PRICE
NOV
$720
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.318 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Brentwood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$785,500
$930,000
$843,750
$1,035,000
31.8%
Average Price per Square Foot ...........................
$559
$618
$590
$618
10.6%
Properties Sold .......................................................
28
19
20
16
-42.9%
Properties Pending Sale .......................................
17
19
16
22
29.4%
Properties For Sale ................................................
87
70
53
77
-11.5%
Days on Market (Pending Sale) ...........................
36
31
53
36
0.0%
Month’s Supply of Inventory ................................
3.1
3.7
2.6
4.8
54.9%
Percent Under Contract ........................................
19.5%
27.1%
30.2%
28.6%
46.2%
Average Median Price for Last 12 Months ........
$740,219
$877,249
$864,393
$827,730
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
$785
AUG
$1,035,000
SEP OCT
MEDIAN SALES PRICE
NOV
$618
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.035 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Culver City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$462,500
$449,000
$475,000
$501,500
8.4%
Average Price per Square Foot ...........................
$421
$430
$468
$485
15.2%
Properties Sold .......................................................
18
11
17
15
-16.7%
Properties Pending Sale .......................................
21
8
20
19
-9.5%
Properties For Sale ................................................
53
24
33
38
-28.3%
Days on Market (Pending Sale) ...........................
17
10
21
16
-5.9%
Month’s Supply of Inventory ................................
2.9
2.2
1.9
2.5
-14.0%
Percent Under Contract ........................................
39.6%
33.3%
60.6%
50.0%
26.2%
Average Median Price for Last 12 Months ........
$426,750
$458,500
$466,333
$447,462
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$462
AUG
$501,500
SEP OCT
MEDIAN SALES PRICE
NOV
$485
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$501 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Downtown DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$570,000
$640,000
$602,000
$595,500
4.5%
Average Price per Square Foot ...........................
$560
$614
$580
$605
8.0%
Properties Sold .......................................................
33
27
32
42
27.3%
Properties Pending Sale .......................................
41
13
48
31
-24.4%
Properties For Sale ................................................
206
155
201
229
11.2%
Days on Market (Pending Sale) ...........................
59
76
56
50
-15.3%
Month’s Supply of Inventory ................................
6.2
5.7
6.3
5.5
-12.7%
Percent Under Contract ........................................
19.9%
8.4%
23.9%
13.5%
-32.0%
Average Median Price for Last 12 Months ........
$559,667
$604,583
$621,000
$584,119
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
$570
AUG
$595,500
SEP OCT
MEDIAN SALES PRICE
NOV
$605
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Encino DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$327,000
$324,000
$334,000
$500,000
52.9%
Average Price per Square Foot ...........................
$289
$284
$283
$347
20.1%
Properties Sold .......................................................
23
18
12
8
-65.2%
Properties Pending Sale .......................................
14
13
18
16
14.3%
Properties For Sale ................................................
45
18
17
24
-46.7%
Days on Market (Pending Sale) ...........................
59
69
48
51
-13.6%
Month’s Supply of Inventory ................................
2
1
1.4
3
53.3%
Percent Under Contract ........................................
31.1%
72.2%
105.9%
66.7%
114.3%
Average Median Price for Last 12 Months ........
$317,833
$353,333
$368,333
$337,154
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$327
AUG
$500,000
SEP OCT
MEDIAN SALES PRICE
NOV
$347
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2016
telesproperties.com
Malibu DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$897,000
$1,360,000
$2,440,000
$2,093,750
133.4%
Average Price per Square Foot ...........................
$613
$653
$939
$981
60.0%
Properties Sold .......................................................
6
1
4
2
-66.7%
Properties Pending Sale .......................................
5
5
3
0
-100.0%
Properties For Sale ................................................
36
19
12
16
-55.6%
Days on Market (Pending Sale) ...........................
83
154
53
0
-100.0%
Month’s Supply of Inventory ................................
6
19
3
8
33.3%
Percent Under Contract ........................................
13.9%
26.3%
25.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$952,250
$1,340,583
$1,382,417
$1,078,058
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
$897
AUG
$2,093,750
SEP OCT
MEDIAN SALES PRICE
NOV
$981
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.093 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Marina Del Rey DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$861,000
$802,500
$857,000
$860,000
-0.1%
Average Price per Square Foot ...........................
$621
$664
$545
$609
-1.9%
Properties Sold .......................................................
31
12
20
27
-12.9%
Properties Pending Sale .......................................
25
18
29
20
-20.0%
Properties For Sale ................................................
105
73
102
91
-13.3%
Days on Market (Pending Sale) ...........................
59
95
53
37
-37.3%
Month’s Supply of Inventory ................................
3.4
6.1
5.1
3.4
-0.5%
Percent Under Contract ........................................
23.8%
24.7%
28.4%
22.0%
-7.7%
Average Median Price for Last 12 Months ........
$823,896
$833,917
$862,500
$859,862
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
$861
AUG
$860,000
SEP OCT
MEDIAN SALES PRICE
NOV
$609
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Santa Monica DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$919,000
$769,500
$1,046,500
$901,500
-1.9%
Average Price per Square Foot ...........................
$820
$915
$1,182
$875
6.7%
Properties Sold .......................................................
43
22
18
22
-48.8%
Properties Pending Sale .......................................
54
9
30
34
-37.0%
Properties For Sale ................................................
165
78
105
102
-38.2%
Days on Market (Pending Sale) ...........................
44
48
41
48
9.1%
Month’s Supply of Inventory ................................
3.8
3.5
5.8
4.6
20.8%
Percent Under Contract ........................................
32.7%
11.5%
28.6%
33.3%
1.9%
Average Median Price for Last 12 Months ........
$969,429
$932,167
$952,167
$948,372
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$919
AUG
$901,500
SEP OCT
MEDIAN SALES PRICE
NOV
$875
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$901 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Sherman Oaks DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$435,000
$386,000
$455,000
$473,000
8.7%
Average Price per Square Foot ...........................
$343
$329
$360
$379
10.5%
Properties Sold .......................................................
27
15
18
23
-14.8%
Properties Pending Sale .......................................
22
12
25
29
31.8%
Properties For Sale ................................................
40
25
34
49
22.5%
Days on Market (Pending Sale) ...........................
54
65
49
49
-9.3%
Month’s Supply of Inventory ................................
1.5
1.7
1.9
2.1
43.8%
Percent Under Contract ........................................
55.0%
48.0%
73.5%
59.2%
7.6%
Average Median Price for Last 12 Months ........
$419,833
$471,500
$451,667
$449,769
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$435
AUG
$473,000
SEP OCT
MEDIAN SALES PRICE
NOV
$379
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$473 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Studio City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$495,000
$525,000
$514,000
$575,000
16.2%
Average Price per Square Foot ...........................
$415
$402
$407
$451
8.7%
Properties Sold .......................................................
15
12
8
17
13.3%
Properties Pending Sale .......................................
20
14
12
19
-5.0%
Properties For Sale ................................................
31
17
33
32
3.2%
Days on Market (Pending Sale) ...........................
63
81
60
57
-9.5%
Month’s Supply of Inventory ................................
2.1
1.4
4.1
1.9
-8.9%
Percent Under Contract ........................................
64.5%
82.4%
36.4%
59.4%
-8.0%
Average Median Price for Last 12 Months ........
$517,167
$541,000
$514,333
$531,308
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$495
AUG
$575,000
SEP OCT
MEDIAN SALES PRICE
NOV
$451
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Venice DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$0
$0
$1,280,000
$1,250,000
n/a
Average Price per Square Foot ...........................
$0
$0
$943
$992
n/a
Properties Sold .......................................................
0
0
1
3
n/a
Properties Pending Sale .......................................
1
1
3
1
0.0%
Properties For Sale ................................................
19
16
16
14
-26.3%
Days on Market (Pending Sale) ...........................
75
28
43
69
-8.0%
Month’s Supply of Inventory ................................
n/a
n/a
16
4.7
n/a
Percent Under Contract ........................................
5.3%
6.2%
18.8%
7.1%
35.7%
Average Median Price for Last 12 Months ........
$924,500
$1,362,800
$1,274,500
$1,358,400
46.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$992
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
West Hollywood DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$635,000
$635,000
$687,000
$692,500
9.1%
Average Price per Square Foot ...........................
$604
$590
$672
$641
6.1%
Properties Sold .......................................................
33
24
38
28
-15.2%
Properties Pending Sale .......................................
44
19
30
35
-20.5%
Properties For Sale ................................................
142
105
123
133
-6.3%
Days on Market (Pending Sale) ...........................
54
32
40
30
-44.4%
Month’s Supply of Inventory ................................
4.3
4.4
3.2
4.8
10.4%
Percent Under Contract ........................................
31.0%
18.1%
24.4%
26.3%
-15.1%
Average Median Price for Last 12 Months ........
$611,086
$669,792
$670,000
$641,519
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
$635
AUG
$692,500
SEP OCT
MEDIAN SALES PRICE
NOV
$641
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$692 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
West LA DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$766,000
$651,500
$850,000
$773,000
0.9%
Average Price per Square Foot ...........................
$498
$518
$522
$525
5.4%
Properties Sold .......................................................
14
16
9
15
7.1%
Properties Pending Sale .......................................
16
13
14
20
25.0%
Properties For Sale ................................................
45
27
34
45
0.0%
Days on Market (Pending Sale) ...........................
36
38
18
22
-38.9%
Month’s Supply of Inventory ................................
3.2
1.7
3.8
3
-6.7%
Percent Under Contract ........................................
35.6%
48.1%
41.2%
44.4%
25.0%
Average Median Price for Last 12 Months ........
$629,708
$764,167
$769,333
$724,899
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
$766
AUG
$773,000
SEP OCT
MEDIAN SALES PRICE
NOV
$525
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$773 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
Westwood - Century City DATA*
Jul 2015
6 month
3 month
Jul 2016
% change
Median Price ..........................................................
$740,000
$800,000
$855,000
$725,000
-2.0%
Average Price per Square Foot ...........................
$642
$576
$797
$571
-11.1%
Properties Sold .......................................................
55
31
52
41
-25.5%
Properties Pending Sale .......................................
68
38
46
51
-25.0%
Properties For Sale ................................................
301
218
237
233
-22.6%
Days on Market (Pending Sale) ...........................
42
72
71
45
7.1%
Month’s Supply of Inventory ................................
5.5
7
4.6
5.7
3.8%
Percent Under Contract ........................................
22.6%
17.4%
19.4%
21.9%
-3.1%
Average Median Price for Last 12 Months ........
$759,865
$812,170
$807,233
$785,809
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$740
AUG
$725,000
SEP OCT
MEDIAN SALES PRICE
NOV
$571
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2016
telesproperties.com
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