micro market report luxury real estate market research July 2017 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, RIVERSIDE, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : July 2017
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : July 2017
telesproperties.com
Los Angeles County DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$599,000
$580,500
$610,000
$645,000
7.7%
Average Price per Square Foot ...........................
$443
$447
$468
$485
9.5%
Properties Sold .......................................................
4254
3168
3879
4300
1.1%
Properties Pending Sale .......................................
4851
3669
4982
4942
1.9%
Properties For Sale ................................................
18,640
14,584
16,486
17,912
-3.9%
Days on Market (Pending Sale) ...........................
38
52
34
36
-5.3%
Month’s Supply of Inventory ................................
4.4
4.6
4.3
4.2
-4.9%
Percent Under Contract ........................................
26.0%
25.2%
30.2%
27.6%
6.0%
Average Median Price for Last 12 Months ........
$559,146
$614,333
$632,000
$598,654
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
$599
AUG
$645,000
SEP OCT
MEDIAN SALES PRICE
NOV
$485
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Bel-Air Holmby Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,600,000
$1,395,000
$1,640,000
$2,070,000
-20.4%
Average Price per Square Foot ...........................
$1,007
$687
$1,439
$643
-36.1%
Properties Sold .......................................................
14
8
16
12
-14.3%
Properties Pending Sale .......................................
12
13
12
21
75.0%
Properties For Sale ................................................
156
143
162
180
15.4%
Days on Market (Pending Sale) ...........................
115
63
33
71
-38.3%
Month’s Supply of Inventory ................................
11.1
17.9
10.1
15
34.6%
Percent Under Contract ........................................
7.7%
9.1%
7.4%
11.7%
51.7%
Average Median Price for Last 12 Months ........
$2,317,000
$2,515,971
$2,854,933
$2,154,102
-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
$2.600
AUG
$2,070,000
SEP OCT
MEDIAN SALES PRICE
NOV
$643
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.070 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,650,000
$1,520,000
$1,474,812
$1,479,200
-10.4%
Average Price per Square Foot ...........................
$727
$710
$730
$699
-3.9%
Properties Sold .......................................................
18
11
24
17
-5.6%
Properties Pending Sale .......................................
17
19
17
18
5.9%
Properties For Sale ................................................
86
93
91
96
11.6%
Days on Market (Pending Sale) ...........................
43
73
20
52
20.9%
Month’s Supply of Inventory ................................
4.8
8.5
3.8
5.6
18.2%
Percent Under Contract ........................................
19.8%
20.4%
18.7%
18.8%
-5.1%
Average Median Price for Last 12 Months ........
$1,464,938
$1,718,977
$1,928,017
$1,660,066
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.650
AUG
$1,479,200
SEP OCT
MEDIAN SALES PRICE
NOV
$699
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.479 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Beverly Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$5,088,500
$4,825,000
$6,550,000
$4,800,000
-5.7%
Average Price per Square Foot ...........................
$1,178
$1,291
$1,553
$1,498
27.2%
Properties Sold .......................................................
14
11
16
11
-21.4%
Properties Pending Sale .......................................
9
19
14
9
0.0%
Properties For Sale ................................................
115
111
92
120
4.3%
Days on Market (Pending Sale) ...........................
67
110
73
50
-25.4%
Month’s Supply of Inventory ................................
8.2
10.1
5.8
10.9
32.8%
Percent Under Contract ........................................
7.8%
17.1%
15.2%
7.5%
-4.2%
Average Median Price for Last 12 Months ........
$4,906,282
$5,455,417
$4,944,167
$5,129,281
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
$5.088
AUG
$4,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,498
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Beverly Hills- Post Office DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$4,917,500
$2,500,000
$7,988,000
$2,262,500
-54.0%
Average Price per Square Foot ...........................
$785
$930
$1,250
$854
8.8%
Properties Sold .......................................................
10
7
7
16
60.0%
Properties Pending Sale .......................................
16
8
20
15
-6.2%
Properties For Sale ................................................
190
155
182
179
-5.8%
Days on Market (Pending Sale) ...........................
67
48
58
84
25.4%
Month’s Supply of Inventory ................................
19
22.1
26
11.2
-41.1%
Percent Under Contract ........................................
8.4%
5.2%
11.0%
8.4%
-0.5%
Average Median Price for Last 12 Months ........
$2,821,875
$3,699,890
$3,021,583
$3,260,242
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 $4.917
JUL AUG
$2,262,500
SEP OCT
MEDIAN SALES PRICE
NOV
$854
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.262 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Beverlywood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,320,000
$1,160,555
$1,350,000
$1,754,500
32.9%
Average Price per Square Foot ...........................
$699
$696
$743
$685
-2.0%
Properties Sold .......................................................
16
17
15
8
-50.0%
Properties Pending Sale .......................................
23
14
21
14
-39.1%
Properties For Sale ................................................
81
42
42
42
-48.1%
Days on Market (Pending Sale) ...........................
33
72
44
24
-27.3%
Month’s Supply of Inventory ................................
5.1
2.5
2.8
5.2
3.7%
Percent Under Contract ........................................
28.4%
33.3%
50.0%
33.3%
17.4%
Average Median Price for Last 12 Months ........
$1,147,843
$1,384,713
$1,579,092
$1,320,737
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
$1.320
AUG
$1,754,500
SEP OCT
MEDIAN SALES PRICE
NOV
$685
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.754 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Brentwood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$3,950,000
$3,185,000
$3,500,000
$2,890,000
-26.8%
Average Price per Square Foot ...........................
$999
$1,193
$986
$1,154
15.5%
Properties Sold .......................................................
15
13
19
24
60.0%
Properties Pending Sale .......................................
27
17
25
27
0.0%
Properties For Sale ................................................
162
114
148
144
-11.1%
Days on Market (Pending Sale) ...........................
52
68
61
45
-13.5%
Month’s Supply of Inventory ................................
10.8
8.8
7.8
6
-44.4%
Percent Under Contract ........................................
16.7%
14.9%
16.9%
18.8%
12.5%
Average Median Price for Last 12 Months ........
$3,068,594
$3,520,528
$2,966,057
$3,196,705
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
$3.950
AUG
$2,890,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,154
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.890 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 2017
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$3,175,000
$1,930,000
$1,967,000
$1,638,000
-48.4%
Average Price per Square Foot ...........................
$760
$752
$823
$841
10.7%
Properties Sold .......................................................
7
7
9
7
0.0%
Properties Pending Sale .......................................
11
5
14
8
-27.3%
Properties For Sale ................................................
35
30
33
30
-14.3%
Days on Market (Pending Sale) ...........................
22
31
50
34
54.5%
Month’s Supply of Inventory ................................
5
4.3
3.7
4.3
-14.3%
Percent Under Contract ........................................
31.4%
16.7%
42.4%
26.7%
-15.2%
Average Median Price for Last 12 Months ........
$1,950,976
$2,164,167
$2,194,333
$2,064,731
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.175
JUL AUG
$1,638,000
SEP OCT
MEDIAN SALES PRICE
NOV
$841
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.638 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Culver City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,117,750
$1,100,000
$1,400,000
$1,234,000
10.4%
Average Price per Square Foot ...........................
$699
$661
$711
$822
17.6%
Properties Sold .......................................................
20
17
19
22
10.0%
Properties Pending Sale .......................................
18
12
20
24
33.3%
Properties For Sale ................................................
64
47
58
66
3.1%
Days on Market (Pending Sale) ...........................
29
35
18
19
-34.5%
Month’s Supply of Inventory ................................
3.2
2.8
3.1
3
-6.2%
Percent Under Contract ........................................
28.1%
25.5%
34.5%
36.4%
29.3%
Average Median Price for Last 12 Months ........
$1,077,063
$1,181,250
$1,103,833
$1,152,731
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
$1.117
AUG
$1,234,000
SEP OCT
MEDIAN SALES PRICE
NOV
$822
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.234 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Downtown DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$362,500
$327,450
$489,000
$380,000
4.8%
Average Price per Square Foot ...........................
$270
$281
$323
$342
26.7%
Properties Sold .......................................................
6
8
10
9
50.0%
Properties Pending Sale .......................................
9
8
9
11
22.2%
Properties For Sale ................................................
47
41
48
54
14.9%
Days on Market (Pending Sale) ...........................
32
68
55
95
196.9%
Month’s Supply of Inventory ................................
7.8
5.1
4.8
6
-23.4%
Percent Under Contract ........................................
19.1%
19.5%
18.8%
20.4%
6.4%
Average Median Price for Last 12 Months ........
$324,945
$391,458
$371,917
$357,661
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$362
AUG
$380,000
SEP OCT
MEDIAN SALES PRICE
NOV
$342
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Hancock Park - Wilshire DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,475,000
$2,500,000
$1,598,750
$1,461,500
-0.9%
Average Price per Square Foot ...........................
$673
$737
$734
$738
9.7%
Properties Sold .......................................................
24
19
30
24
0.0%
Properties Pending Sale .......................................
27
25
19
21
-22.2%
Properties For Sale ................................................
122
105
93
106
-13.1%
Days on Market (Pending Sale) ...........................
50
82
47
30
-40.0%
Month’s Supply of Inventory ................................
5.1
5.5
3.1
4.4
-13.1%
Percent Under Contract ........................................
22.1%
23.8%
20.4%
19.8%
-10.5%
Average Median Price for Last 12 Months ........
$1,497,037
$1,588,708
$1,476,167
$1,647,366
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.475
AUG
$1,461,500
SEP OCT
MEDIAN SALES PRICE
NOV
$738
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.461 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Hollywood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$872,000
$1,185,000
$845,000
$833,875
-4.4%
Average Price per Square Foot ...........................
$537
$687
$551
$669
24.6%
Properties Sold .......................................................
8
9
3
6
-25.0%
Properties Pending Sale .......................................
3
3
6
12
300.0%
Properties For Sale ................................................
32
34
37
50
56.2%
Days on Market (Pending Sale) ...........................
28
50
22
32
14.3%
Month’s Supply of Inventory ................................
4
3.8
12.3
8.3
108.3%
Percent Under Contract ........................................
9.4%
8.8%
16.2%
24.0%
156.0%
Average Median Price for Last 12 Months ........
$988,404
$889,321
$954,625
$896,302
-10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$872
AUG
$833,875
SEP OCT
MEDIAN SALES PRICE
NOV
$669
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$833 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Hollywood Hills East DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,562,500
$1,500,000
$1,625,000
$1,680,000
-34.4%
Average Price per Square Foot ...........................
$548
$597
$739
$653
19.2%
Properties Sold .......................................................
4
11
13
21
425.0%
Properties Pending Sale .......................................
9
15
15
13
44.4%
Properties For Sale ................................................
63
81
98
89
41.3%
Days on Market (Pending Sale) ...........................
28
58
28
76
171.4%
Month’s Supply of Inventory ................................
7
5.4
6.5
4.2
-39.5%
Percent Under Contract ........................................
14.3%
18.5%
15.3%
14.6%
2.2%
Average Median Price for Last 12 Months ........
$1,343,135
$1,456,908
$1,434,567
$1,512,053
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 $2.562
JUL AUG
$1,680,000
SEP OCT
MEDIAN SALES PRICE
NOV
$653
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.680 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 2017
telesproperties.com
Inglewood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$473,000
$487,500
$523,375
$549,000
16.1%
Average Price per Square Foot ...........................
$344
$373
$382
$400
16.3%
Properties Sold .......................................................
14
18
26
19
35.7%
Properties Pending Sale .......................................
23
18
23
28
21.7%
Properties For Sale ................................................
85
56
62
69
-18.8%
Days on Market (Pending Sale) ...........................
57
44
38
27
-52.6%
Month’s Supply of Inventory ................................
3.7
3.1
2.7
3.6
-1.7%
Percent Under Contract ........................................
27.1%
32.1%
37.1%
40.6%
50.0%
Average Median Price for Last 12 Months ........
$431,196
$518,896
$535,833
$493,137
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$473
AUG
$549,000
SEP OCT
MEDIAN SALES PRICE
NOV
$400
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$549 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Ladera Heights DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$950,000
$902,500
$1,050,000
$912,500
-3.9%
Average Price per Square Foot ...........................
$322
$396
$379
$447
38.8%
Properties Sold .......................................................
3
4
5
4
33.3%
Properties Pending Sale .......................................
3
18
6
7
133.3%
Properties For Sale ................................................
21
56
24
23
9.5%
Days on Market (Pending Sale) ...........................
24
109
14
55
129.2%
Month’s Supply of Inventory ................................
7
3.1
4
5.8
-17.9%
Percent Under Contract ........................................
14.3%
32.1%
25.0%
30.4%
113.0%
Average Median Price for Last 12 Months ........
$952,599
$1,060,375
$1,057,000
$1,050,173
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$950
AUG
$912,500
SEP OCT
MEDIAN SALES PRICE
NOV
$447
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$912 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Laurel Canyon DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,570,000
$1,710,000
$1,600,000
$1,800,000
14.6%
Average Price per Square Foot ...........................
$767
$741
$703
$809
5.5%
Properties Sold .......................................................
25
21
23
27
8.0%
Properties Pending Sale .......................................
25
27
24
24
-4.0%
Properties For Sale ................................................
185
158
163
163
-11.9%
Days on Market (Pending Sale) ...........................
51
55
36
70
37.3%
Month’s Supply of Inventory ................................
7.4
5.9
6.8
6.8
-8.2%
Percent Under Contract ........................................
13.5%
17.1%
14.7%
14.7%
9.0%
Average Median Price for Last 12 Months ........
$1,469,796
$1,707,842
$1,906,250
$1,697,257
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
$1.570
AUG
$1,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$809
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Los Feliz DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,325,000
$1,515,000
$1,685,000
$1,950,000
47.2%
Average Price per Square Foot ...........................
$660
$595
$805
$762
15.5%
Properties Sold .......................................................
15
11
19
17
13.3%
Properties Pending Sale .......................................
19
18
29
19
0.0%
Properties For Sale ................................................
90
90
98
100
11.1%
Days on Market (Pending Sale) ...........................
74
99
53
103
39.2%
Month’s Supply of Inventory ................................
4.7
5
3.4
5.9
24.2%
Percent Under Contract ........................................
21.1%
20.0%
29.6%
19.0%
-10.0%
Average Median Price for Last 12 Months ........
$1,537,429
$1,623,750
$1,716,667
$1,630,378
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
$1.325
AUG
$1,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$762
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Malibu DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,030,000
$2,250,000
$4,225,000
$3,050,000
50.2%
Average Price per Square Foot ...........................
$696
$841
$1,142
$898
29.0%
Properties Sold .......................................................
13
15
4
21
61.5%
Properties Pending Sale .......................................
20
11
17
12
-40.0%
Properties For Sale ................................................
226
192
212
219
-3.1%
Days on Market (Pending Sale) ...........................
103
145
134
116
12.6%
Month’s Supply of Inventory ................................
17.4
12.8
53
10.4
-40.0%
Percent Under Contract ........................................
8.8%
5.7%
8.0%
5.5%
-38.1%
Average Median Price for Last 12 Months ........
$2,337,844
$2,978,600
$2,689,033
$2,740,469
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.030
AUG
$3,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$898
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Malibu Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,611,500
$16,000,000
$10,113,500
$9,900,000
279.1%
Average Price per Square Foot ...........................
$1,302
$7,039
$2,162
$2,750
111.2%
Properties Sold .......................................................
2
1
2
4
100.0%
Properties Pending Sale .......................................
7
2
8
4
-42.9%
Properties For Sale ................................................
101
74
84
94
-6.9%
Days on Market (Pending Sale) ...........................
88
178
87
132
50.0%
Month’s Supply of Inventory ................................
50.5
74
42
23.5
-53.5%
Percent Under Contract ........................................
6.9%
2.7%
9.5%
4.3%
-38.6%
Average Median Price for Last 12 Months ........
$6,988,667
$8,781,750
$7,900,000
$7,601,481
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
$2.611
AUG
$9,900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$2,750
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
23.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$9.900 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 2017
telesproperties.com
Marina Del Rey DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$3,450,000
$1,310,000
$1,410,000
$1,030,000
-70.1%
Average Price per Square Foot ...........................
$818
$793
$777
$764
-6.6%
Properties Sold .......................................................
1
1
5
11
1000.0%
Properties Pending Sale .......................................
5
6
8
10
100.0%
Properties For Sale ................................................
29
30
38
41
41.4%
Days on Market (Pending Sale) ...........................
58
34
62
34
-41.4%
Month’s Supply of Inventory ................................
29
30
7.6
3.7
-87.1%
Percent Under Contract ........................................
17.2%
20.0%
21.1%
24.4%
41.5%
Average Median Price for Last 12 Months ........
$1,569,854
$1,371,417
$1,249,000
$1,503,310
-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 $3.450
JUL AUG
$1,030,000
SEP OCT
MEDIAN SALES PRICE
NOV
$764
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.030 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 2017
telesproperties.com
Mid Los Angeles DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$705,000
$700,000
$620,000
$800,000
13.5%
Average Price per Square Foot ...........................
$394
$409
$426
$452
14.7%
Properties Sold .......................................................
43
31
34
37
-14.0%
Properties Pending Sale .......................................
32
32
56
29
-9.4%
Properties For Sale ................................................
127
104
147
110
-13.4%
Days on Market (Pending Sale) ...........................
24
46
30
31
29.2%
Month’s Supply of Inventory ................................
3
3.4
4.3
3
0.7%
Percent Under Contract ........................................
25.2%
30.8%
38.1%
26.4%
4.6%
Average Median Price for Last 12 Months ........
$571,937
$697,375
$739,583
$660,060
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
$705
AUG
$800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$452
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Mid Wilshire DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$939,500
$870,000
$813,750
$1,250,000
33.0%
Average Price per Square Foot ...........................
$344
$587
$508
$456
32.6%
Properties Sold .......................................................
4
3
4
5
25.0%
Properties Pending Sale .......................................
2
7
5
3
50.0%
Properties For Sale ................................................
16
26
31
21
31.2%
Days on Market (Pending Sale) ...........................
11
96
45
17
54.5%
Month’s Supply of Inventory ................................
4
8.7
7.8
4.2
5.0%
Percent Under Contract ........................................
12.5%
26.9%
16.1%
14.3%
14.3%
Average Median Price for Last 12 Months ........
$687,300
$930,667
$1,023,000
$899,212
23.6%
*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
$939
AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$456
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 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 2017
telesproperties.com
Pacific Palisades DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,525,000
$3,992,500
$2,947,305
$4,690,000
85.7%
Average Price per Square Foot ...........................
$988
$1,069
$910
$1,254
26.9%
Properties Sold .......................................................
24
20
20
20
-16.7%
Properties Pending Sale .......................................
22
21
26
30
36.4%
Properties For Sale ................................................
155
114
123
124
-20.0%
Days on Market (Pending Sale) ...........................
44
81
34
52
18.2%
Month’s Supply of Inventory ................................
6.5
5.7
6.2
6.2
-4.0%
Percent Under Contract ........................................
14.2%
18.4%
21.1%
24.2%
70.5%
Average Median Price for Last 12 Months ........
$2,715,781
$3,216,963
$3,657,325
$3,187,497
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
$2.525
AUG
$4,690,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,254
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Palms - Mar Vista DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,419,500
$1,409,500
$1,485,000
$1,520,000
7.1%
Average Price per Square Foot ...........................
$731
$729
$824
$820
12.2%
Properties Sold .......................................................
34
20
22
34
0.0%
Properties Pending Sale .......................................
26
13
29
25
-3.8%
Properties For Sale ................................................
83
54
96
90
8.4%
Days on Market (Pending Sale) ...........................
36
65
34
31
-13.9%
Month’s Supply of Inventory ................................
2.4
2.7
4.4
2.6
8.4%
Percent Under Contract ........................................
31.3%
24.1%
30.2%
27.8%
-11.3%
Average Median Price for Last 12 Months ........
$1,269,252
$1,476,336
$1,469,339
$1,458,886
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
$1.419
AUG
$1,520,000
SEP OCT
MEDIAN SALES PRICE
NOV
$820
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Playa Del Rey DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,329,500
$1,524,500
$1,655,000
$1,807,500
36.0%
Average Price per Square Foot ...........................
$584
$532
$823
$647
10.8%
Properties Sold .......................................................
4
2
3
3
-25.0%
Properties Pending Sale .......................................
3
3
7
1
-66.7%
Properties For Sale ................................................
20
15
18
16
-20.0%
Days on Market (Pending Sale) ...........................
109
96
51
21
-80.7%
Month’s Supply of Inventory ................................
5
7.5
6
5.3
6.7%
Percent Under Contract ........................................
15.0%
20.0%
38.9%
6.2%
-58.3%
Average Median Price for Last 12 Months ........
$1,538,190
$1,733,500
$1,754,167
$1,581,396
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
$1.329
AUG
$1,807,500
SEP OCT
MEDIAN SALES PRICE
NOV
$647
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.807 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Playa Vista DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,909,250
$1,755,000
$2,300,000
$1,640,000
-14.1%
Average Price per Square Foot ...........................
$806
$714
$647
$563
-30.1%
Properties Sold .......................................................
2
3
1
2
0.0%
Properties Pending Sale .......................................
0
2
7
2
n/a
Properties For Sale ................................................
9
10
18
13
44.4%
Days on Market (Pending Sale) ...........................
80
44
42
28
-65.0%
Month’s Supply of Inventory ................................
4.5
3.3
18
0.2
-96.6%
Percent Under Contract ........................................
0.0%
20.0%
38.9%
15.4%
n/a
Average Median Price for Last 12 Months ........
$1,231,354
$2,003,333
$1,832,667
$1,999,104
62.4%
*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
$1.909
AUG
$1,640,000
SEP OCT
MEDIAN SALES PRICE
NOV
$563
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
0.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Santa Monica DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,150,000
$2,876,000
$2,273,000
$3,785,000
76.0%
Average Price per Square Foot ...........................
$1,055
$1,142
$1,204
$1,113
5.5%
Properties Sold .......................................................
20
19
24
18
-10.0%
Properties Pending Sale .......................................
14
9
18
17
21.4%
Properties For Sale ................................................
85
63
86
87
2.4%
Days on Market (Pending Sale) ...........................
38
64
44
23
-39.5%
Month’s Supply of Inventory ................................
4.2
3.3
3.6
4.8
13.7%
Percent Under Contract ........................................
16.5%
14.3%
20.9%
19.5%
18.6%
Average Median Price for Last 12 Months ........
$2,394,841
$2,538,750
$2,867,500
$2,488,650
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
$2.150
AUG
$3,785,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,113
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,890,000
$1,680,000
$1,680,000
$1,939,500
2.6%
Average Price per Square Foot ...........................
$882
$844
$751
$853
-3.3%
Properties Sold .......................................................
31
38
34
42
35.5%
Properties Pending Sale .......................................
50
40
32
38
-24.0%
Properties For Sale ................................................
340
311
324
358
5.3%
Days on Market (Pending Sale) ...........................
73
81
34
62
-15.1%
Month’s Supply of Inventory ................................
11
8.2
9.5
8.5
-22.3%
Percent Under Contract ........................................
14.7%
12.9%
9.9%
10.6%
-27.8%
Average Median Price for Last 12 Months ........
$1,725,792
$1,915,148
$2,049,000
$1,815,365
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
$1.890
AUG
$1,939,500
SEP OCT
MEDIAN SALES PRICE
NOV
$853
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.939 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 2017
telesproperties.com
Venice DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,725,000
$1,511,825
$2,150,000
$2,787,500
61.6%
Average Price per Square Foot ...........................
$945
$1,025
$1,474
$1,169
23.7%
Properties Sold .......................................................
23
10
17
22
-4.3%
Properties Pending Sale .......................................
23
13
17
19
-17.4%
Properties For Sale ................................................
105
95
93
103
-1.9%
Days on Market (Pending Sale) ...........................
42
39
35
34
-19.0%
Month’s Supply of Inventory ................................
4.6
9.5
5.5
4.7
2.6%
Percent Under Contract ........................................
21.9%
13.7%
18.3%
18.4%
-15.8%
Average Median Price for Last 12 Months ........
$1,785,726
$2,135,083
$2,370,000
$1,964,742
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
$1.725
AUG
$2,787,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,169
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.787 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 2017
telesproperties.com
West Hollywood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,555,000
$1,915,000
$1,622,500
$1,769,500
13.8%
Average Price per Square Foot ...........................
$790
$773
$952
$1,073
35.8%
Properties Sold .......................................................
9
6
15
12
33.3%
Properties Pending Sale .......................................
10
10
12
11
10.0%
Properties For Sale ................................................
75
65
55
51
-32.0%
Days on Market (Pending Sale) ...........................
31
58
46
70
125.8%
Month’s Supply of Inventory ................................
8.3
10.8
3.7
4.2
-49.0%
Percent Under Contract ........................................
13.3%
15.4%
21.8%
21.6%
61.8%
Average Median Price for Last 12 Months ........
$1,501,128
$1,609,935
$1,670,869
$1,631,895
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
$1.555
AUG
$1,769,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,073
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.769 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
West Los Angeles DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,128,500
$877,500
$1,265,000
$1,250,000
10.8%
Average Price per Square Foot ...........................
$715
$737
$771
$755
5.6%
Properties Sold .......................................................
8
6
12
15
87.5%
Properties Pending Sale .......................................
14
6
15
8
-42.9%
Properties For Sale ................................................
47
28
44
39
-17.0%
Days on Market (Pending Sale) ...........................
19
80
17
23
21.1%
Month’s Supply of Inventory ................................
5.9
4.7
3.7
2.6
-55.7%
Percent Under Contract ........................................
29.8%
21.4%
34.1%
20.5%
-31.1%
Average Median Price for Last 12 Months ........
$1,090,146
$1,147,083
$1,153,333
$1,053,827
-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
$1.128
AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$755
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 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 2017
telesproperties.com
Westchester DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,160,000
$975,000
$1,262,500
$1,192,500
2.8%
Average Price per Square Foot ...........................
$608
$564
$670
$661
8.7%
Properties Sold .......................................................
27
19
16
32
18.5%
Properties Pending Sale .......................................
33
24
28
39
18.2%
Properties For Sale ................................................
92
57
92
104
13.0%
Days on Market (Pending Sale) ...........................
24
44
24
30
25.0%
Month’s Supply of Inventory ................................
3.4
3
5.8
3.2
-4.6%
Percent Under Contract ........................................
35.9%
42.1%
30.4%
37.5%
4.5%
Average Median Price for Last 12 Months ........
$997,990
$1,126,667
$1,122,167
$1,101,635
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.160
AUG
$1,192,500
SEP OCT
MEDIAN SALES PRICE
NOV
$661
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.192 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Westwood - Century City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,572,000
$1,885,000
$2,880,066
$2,022,499
28.7%
Average Price per Square Foot ...........................
$820
$838
$878
$886
8.0%
Properties Sold .......................................................
13
13
12
10
-23.1%
Properties Pending Sale .......................................
18
10
20
12
-33.3%
Properties For Sale ................................................
75
50
68
56
-25.3%
Days on Market (Pending Sale) ...........................
55
41
23
30
-45.5%
Month’s Supply of Inventory ................................
5.8
3.8
5.7
5.6
-2.9%
Percent Under Contract ........................................
24.0%
20.0%
29.4%
21.4%
-10.7%
Average Median Price for Last 12 Months ........
$1,859,218
$2,045,868
$1,976,713
$1,910,670
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
$1.572
AUG
$2,022,499
SEP OCT
MEDIAN SALES PRICE
NOV
$886
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.022 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 2017
telesproperties.com
South Bay Macro Market DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,239,839
$1,478,550
$1,235,467
$1,484,300
19.7%
Average Price per Square Foot ...........................
$601
$620
$624
$638
6.1%
Properties Sold .......................................................
261
168
210
257
-1.5%
Properties Pending Sale .......................................
271
167
281
288
6.3%
Properties For Sale ................................................
1,113
686
927
1,058
-4.9%
Days on Market (Pending Sale) ...........................
39
51
29
32
-19.3%
Month’s Supply of Inventory ................................
4.3
4.1
4.4
4.1
-3.5%
Percent Under Contract ........................................
24.3%
24.3%
30.3%
27.2%
11.8%
Average Median Price for Last 12 Months ........
$1,232,770
$1,322,092
$1,400,811
$1,321,550
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.239
AUG
$1,484,300
SEP OCT
MEDIAN SALES PRICE
NOV
$638
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.484 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
El Segundo DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,315,000
$1,382,500
$1,235,000
$1,385,500
5.4%
Average Price per Square Foot ...........................
$709
$544
$685
$621
-12.4%
Properties Sold .......................................................
9
6
8
8
-11.1%
Properties Pending Sale .......................................
8
3
8
10
25.0%
Properties For Sale ................................................
30
18
20
27
-10.0%
Days on Market (Pending Sale) ...........................
50
63
31
31
-38.0%
Month’s Supply of Inventory ................................
3.3
3
2.5
3.4
1.2%
Percent Under Contract ........................................
26.7%
16.7%
40.0%
37.0%
38.9%
Average Median Price for Last 12 Months ........
$1,196,542
$1,266,354
$1,232,333
$1,288,698
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.315
AUG
$1,385,500
SEP OCT
MEDIAN SALES PRICE
NOV
$621
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.385 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Hermosa Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,650,500
$1,887,500
$1,475,000
$2,199,000
33.2%
Average Price per Square Foot ...........................
$946
$886
$923
$867
-8.4%
Properties Sold .......................................................
14
4
6
7
-50.0%
Properties Pending Sale .......................................
14
8
13
10
-28.6%
Properties For Sale ................................................
71
40
48
53
-25.4%
Days on Market (Pending Sale) ...........................
43
100
46
27
-37.2%
Month’s Supply of Inventory ................................
5.1
10
8
7.6
49.3%
Percent Under Contract ........................................
19.7%
20.0%
27.1%
18.9%
-4.3%
Average Median Price for Last 12 Months ........
$1,787,969
$1,962,525
$2,324,667
$1,870,050
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
$1.650
AUG
$2,199,000
SEP OCT
MEDIAN SALES PRICE
NOV
$867
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.199 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Manhattan Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,582,000
$2,900,000
$2,150,000
$2,525,000
-2.2%
Average Price per Square Foot ...........................
$949
$1,317
$911
$979
3.2%
Properties Sold .......................................................
25
17
35
34
36.0%
Properties Pending Sale .......................................
35
20
39
30
-14.3%
Properties For Sale ................................................
175
105
148
146
-16.6%
Days on Market (Pending Sale) ...........................
55
44
36
38
-30.9%
Month’s Supply of Inventory ................................
7
6.2
4.2
4.3
-38.7%
Percent Under Contract ........................................
20.0%
19.0%
26.4%
20.5%
2.7%
Average Median Price for Last 12 Months ........
$2,226,042
$2,305,417
$2,470,667
$2,279,577
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
$2.582
AUG
$2,525,000
SEP OCT
MEDIAN SALES PRICE
NOV
$979
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 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 2017
telesproperties.com
Palos Verdes Estates DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,310,000
$2,039,500
$2,200,000
$2,199,000
-4.8%
Average Price per Square Foot ...........................
$712
$663
$742
$827
16.2%
Properties Sold .......................................................
19
12
19
13
-31.6%
Properties Pending Sale .......................................
15
18
20
22
46.7%
Properties For Sale ................................................
95
74
95
107
12.6%
Days on Market (Pending Sale) ...........................
67
46
48
40
-40.3%
Month’s Supply of Inventory ................................
5
6.2
5
8.2
64.6%
Percent Under Contract ........................................
15.8%
24.3%
21.1%
20.6%
30.2%
Average Median Price for Last 12 Months ........
$1,776,913
$1,982,750
$2,133,000
$1,997,815
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.310
AUG
$2,199,000
SEP OCT
MEDIAN SALES PRICE
NOV
$827
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.199 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rancho Palos Verdes DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,291,000
$1,236,500
$1,353,000
$1,410,000
9.2%
Average Price per Square Foot ...........................
$528
$550
$540
$566
7.2%
Properties Sold .......................................................
41
22
23
52
26.8%
Properties Pending Sale .......................................
42
21
44
36
-14.3%
Properties For Sale ................................................
183
98
143
159
-13.1%
Days on Market (Pending Sale) ...........................
43
54
34
32
-25.6%
Month’s Supply of Inventory ................................
4.5
4.5
6.2
3.1
-31.5%
Percent Under Contract ........................................
23.0%
21.4%
30.8%
22.6%
-1.3%
Average Median Price for Last 12 Months ........
$1,234,007
$1,322,958
$1,358,333
$1,301,654
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.291
AUG
$1,410,000
SEP OCT
MEDIAN SALES PRICE
NOV
$566
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Redondo Beach- North DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,100,000
$875,000
$950,000
$855,000
-22.3%
Average Price per Square Foot ...........................
$580
$618
$621
$674
16.2%
Properties Sold .......................................................
17
10
17
17
0.0%
Properties Pending Sale .......................................
13
13
21
18
38.5%
Properties For Sale ................................................
46
34
55
52
13.0%
Days on Market (Pending Sale) ...........................
13
42
12
34
161.5%
Month’s Supply of Inventory ................................
2.7
3.4
3.2
3.1
13.0%
Percent Under Contract ........................................
28.3%
38.2%
38.2%
34.6%
22.5%
Average Median Price for Last 12 Months ........
$888,646
$942,333
$969,667
$958,423
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.100
JUL AUG
$855,000
SEP OCT
MEDIAN SALES PRICE
NOV
$674
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Redondo Beach- South DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,403,000
$1,520,000
$1,447,500
$1,287,000
-8.3%
Average Price per Square Foot ...........................
$669
$758
$738
$773
15.5%
Properties Sold .......................................................
16
10
10
15
-6.2%
Properties Pending Sale .......................................
18
9
13
23
27.8%
Properties For Sale ................................................
57
36
55
66
15.8%
Days on Market (Pending Sale) ...........................
28
32
13
27
-3.6%
Month’s Supply of Inventory ................................
3.6
3.6
5.5
4.4
23.5%
Percent Under Contract ........................................
31.6%
25.0%
23.6%
34.8%
10.4%
Average Median Price for Last 12 Months ........
$1,303,104
$1,417,500
$1,413,833
$1,390,075
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.403
AUG
$1,287,000
SEP OCT
MEDIAN SALES PRICE
NOV
$773
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.287 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rolling Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$0
$3,950,000
$2,195,000
$4,275,000
n/a
Average Price per Square Foot ...........................
$0
$776
$757
$887
n/a
Properties Sold .......................................................
0
1
1
3
n/a
Properties Pending Sale .......................................
2
1
3
1
-50.0%
Properties For Sale ................................................
32
25
36
32
0.0%
Days on Market (Pending Sale) ...........................
65
116
42
8
-87.7%
Month’s Supply of Inventory ................................
n/a
25
36
10.7
n/a
Percent Under Contract ........................................
6.2%
4.0%
8.3%
3.1%
-50.0%
Average Median Price for Last 12 Months ........
$2,604,513
$2,808,125
$3,054,167
$2,955,375
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 AUG
$4,275,000
SEP OCT
MEDIAN SALES PRICE
NOV
$887
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rolling Hills Estates DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,766,000
$2,300,000
$1,420,000
$1,565,000
-11.4%
Average Price per Square Foot ...........................
$681
$578
$565
$621
-8.8%
Properties Sold .......................................................
3
3
3
9
200.0%
Properties Pending Sale .......................................
7
4
11
6
-14.3%
Properties For Sale ................................................
41
19
38
39
-4.9%
Days on Market (Pending Sale) ...........................
47
64
27
94
100.0%
Month’s Supply of Inventory ................................
13.7
6.3
12.7
4.3
-68.3%
Percent Under Contract ........................................
17.1%
21.1%
28.9%
15.4%
-9.9%
Average Median Price for Last 12 Months ........
$1,648,104
$1,463,417
$1,532,833
$1,551,808
-5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.766
AUG
$1,565,000
SEP OCT
MEDIAN SALES PRICE
NOV
$621
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.565 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 2017
telesproperties.com
San Pedro DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$579,000
$671,000
$585,000
$699,000
20.7%
Average Price per Square Foot ...........................
$407
$387
$445
$452
11.1%
Properties Sold .......................................................
39
22
33
33
-15.4%
Properties Pending Sale .......................................
29
32
34
41
41.4%
Properties For Sale ................................................
141
113
112
133
-5.7%
Days on Market (Pending Sale) ...........................
53
40
44
37
-30.2%
Month’s Supply of Inventory ................................
3.6
5.1
3.4
4
11.5%
Percent Under Contract ........................................
20.6%
28.3%
30.4%
30.8%
49.9%
Average Median Price for Last 12 Months ........
$586,918
$653,000
$689,333
$637,769
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$579
AUG
$699,000
SEP OCT
MEDIAN SALES PRICE
NOV
$452
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$699 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Torrance- County Strip DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$500,000
$529,500
$450,000
$550,000
10.0%
Average Price per Square Foot ...........................
$374
$346
$385
$335
-10.4%
Properties Sold .......................................................
9
10
2
2
-77.8%
Properties Pending Sale .......................................
5
3
9
8
60.0%
Properties For Sale ................................................
20
17
20
24
20.0%
Days on Market (Pending Sale) ...........................
22
55
23
21
-4.5%
Month’s Supply of Inventory ................................
2.2
1.7
10
12
440.0%
Percent Under Contract ........................................
25.0%
17.6%
45.0%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$488,438
$516,375
$545,167
$522,435
7.0%
*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
$500
AUG
$550,000
SEP OCT
MEDIAN SALES PRICE
NOV
$335
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Torrance- North DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$610,000
$655,500
$651,000
$688,000
12.8%
Average Price per Square Foot ...........................
$469
$413
$450
$441
-6.0%
Properties Sold .......................................................
18
12
21
15
-16.7%
Properties Pending Sale .......................................
18
16
11
19
5.6%
Properties For Sale ................................................
60
32
30
43
-28.3%
Days on Market (Pending Sale) ...........................
18
40
8
22
22.2%
Month’s Supply of Inventory ................................
3.3
2.7
1.4
2.9
-14.0%
Percent Under Contract ........................................
30.0%
50.0%
36.7%
44.2%
47.3%
Average Median Price for Last 12 Months ........
$470,000
$654,708
$687,833
$645,365
37.3%
*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
$610
AUG
$688,000
SEP OCT
MEDIAN SALES PRICE
NOV
$441
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$688 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Torrance- South DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$848,000
$865,000
$890,500
$977,500
15.3%
Average Price per Square Foot ...........................
$506
$539
$539
$585
15.6%
Properties Sold .......................................................
20
21
18
16
-20.0%
Properties Pending Sale .......................................
21
7
22
29
38.1%
Properties For Sale ................................................
64
31
49
84
31.2%
Days on Market (Pending Sale) ...........................
28
12
18
22
-21.4%
Month’s Supply of Inventory ................................
3.2
1.5
2.7
5.2
64.1%
Percent Under Contract ........................................
32.8%
22.6%
44.9%
34.5%
5.2%
Average Median Price for Last 12 Months ........
$860,551
$963,417
$959,167
$915,318
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
$848
AUG
$977,500
SEP OCT
MEDIAN SALES PRICE
NOV
$585
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$977 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Torrance- Southeast DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$593,250
$560,000
$610,000
$749,500
26.3%
Average Price per Square Foot ...........................
$386
$382
$489
$414
7.3%
Properties Sold .......................................................
14
8
5
18
28.6%
Properties Pending Sale .......................................
20
3
15
20
0.0%
Properties For Sale ................................................
54
18
44
55
1.9%
Days on Market (Pending Sale) ...........................
28
21
16
26
-7.1%
Month’s Supply of Inventory ................................
3.9
2.2
8.8
3.1
-20.8%
Percent Under Contract ........................................
37.0%
16.7%
34.1%
36.4%
-1.8%
Average Median Price for Last 12 Months ........
$612,271
$681,000
$733,500
$658,750
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
$593
AUG
$749,500
SEP OCT
MEDIAN SALES PRICE
NOV
$414
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$749 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Torrance- West DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$810,000
$806,250
$920,000
$900,000
11.1%
Average Price per Square Foot ...........................
$495
$547
$573
$522
5.5%
Properties Sold .......................................................
17
10
9
15
-11.8%
Properties Pending Sale .......................................
24
9
18
15
-37.5%
Properties For Sale ................................................
44
26
34
38
-13.6%
Days on Market (Pending Sale) ...........................
31
30
33
18
-41.9%
Month’s Supply of Inventory ................................
2.6
2.6
3.8
2.5
-2.1%
Percent Under Contract ........................................
54.5%
34.6%
52.9%
39.5%
-27.6%
Average Median Price for Last 12 Months ........
$807,542
$891,500
$907,667
$850,135
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
$810
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$522
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Fernando Valley Macro Market DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,002,000
$999,118
$1,003,118
$971,412
-3.1%
Average Price per Square Foot ...........................
$451
$466
$459
$474
5.2%
Properties Sold .......................................................
32
22
29
30
-5.1%
Properties Pending Sale .......................................
34
25
34
37
11.9%
Properties For Sale ................................................
88
54
61
75
-15.3%
Days on Market (Pending Sale) ...........................
64
73
64
46
-28.3%
Month’s Supply of Inventory ................................
2.8
2.4
2.1
2.5
-10.7%
Percent Under Contract ........................................
38.0%
46.7%
55.2%
50.2%
32.1%
Average Median Price for Last 12 Months ........
$856,250
$1,006,304
$1,012,294
$942,555
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
$1.002
AUG
$971,412
SEP OCT
MEDIAN SALES PRICE
NOV
$474
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$971 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Agoura Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$910,000
$820,000
$1,095,000
$1,070,000
17.6%
Average Price per Square Foot ...........................
$396
$367
$369
$423
6.8%
Properties Sold .......................................................
32
14
20
30
-6.2%
Properties Pending Sale .......................................
20
16
22
30
50.0%
Properties For Sale ................................................
67
41
47
59
-11.9%
Days on Market (Pending Sale) ...........................
54
65
71
71
31.5%
Month’s Supply of Inventory ................................
2.1
2.9
2.4
2
-6.1%
Percent Under Contract ........................................
29.9%
39.0%
46.8%
50.8%
70.3%
Average Median Price for Last 12 Months ........
$884,083
$1,023,000
$1,057,667
$926,923
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
$910
AUG
$1,070,000
SEP OCT
MEDIAN SALES PRICE
NOV
$423
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.070 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Burbank DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$735,000
$815,000
$729,000
$760,000
3.4%
Average Price per Square Foot ...........................
$493
$493
$491
$534
8.3%
Properties Sold .......................................................
59
39
48
47
-20.3%
Properties Pending Sale .......................................
60
41
52
57
-5.0%
Properties For Sale ................................................
118
54
74
84
-28.8%
Days on Market (Pending Sale) ...........................
50
56
34
37
-26.0%
Month’s Supply of Inventory ................................
2
1.4
1.5
1.8
-10.6%
Percent Under Contract ........................................
50.8%
75.9%
70.3%
67.9%
33.5%
Average Median Price for Last 12 Months ........
$721,500
$766,167
$795,000
$768,231
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$735
AUG
$760,000
SEP OCT
MEDIAN SALES PRICE
NOV
$534
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Calabasas DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,105,000
$1,503,000
$1,060,000
$1,397,000
26.4%
Average Price per Square Foot ...........................
$441
$437
$475
$478
8.4%
Properties Sold .......................................................
22
8
23
27
22.7%
Properties Pending Sale .......................................
28
13
28
30
7.1%
Properties For Sale ................................................
109
75
88
94
-13.8%
Days on Market (Pending Sale) ...........................
70
93
77
65
-7.1%
Month’s Supply of Inventory ................................
5
9.4
3.8
3.5
-29.7%
Percent Under Contract ........................................
25.7%
17.3%
31.8%
31.9%
24.2%
Average Median Price for Last 12 Months ........
$1,374,167
$1,334,500
$1,353,333
$1,374,385
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.105
AUG
$1,397,000
SEP OCT
MEDIAN SALES PRICE
NOV
$478
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.397 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Encino DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,375,000
$1,605,000
$1,300,000
$1,181,000
-14.1%
Average Price per Square Foot ...........................
$528
$502
$487
$549
4.0%
Properties Sold .......................................................
47
32
29
51
8.5%
Properties Pending Sale .......................................
47
28
50
56
19.1%
Properties For Sale ................................................
126
99
102
120
-4.8%
Days on Market (Pending Sale) ...........................
62
89
81
48
-22.6%
Month’s Supply of Inventory ................................
2.7
3.1
3.5
2.4
-12.2%
Percent Under Contract ........................................
37.3%
28.3%
49.0%
46.7%
25.1%
Average Median Price for Last 12 Months ........
$1,185,167
$1,216,500
$1,279,000
$1,259,077
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
$1.375
AUG
$1,181,000
SEP OCT
MEDIAN SALES PRICE
NOV
$549
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.181 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Glendale DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$893,000
$899,000
$888,000
$968,000
8.4%
Average Price per Square Foot ...........................
$513
$458
$472
$508
-1.0%
Properties Sold .......................................................
61
65
71
62
1.6%
Properties Pending Sale .......................................
67
50
79
71
6.0%
Properties For Sale ................................................
105
70
78
116
10.5%
Days on Market (Pending Sale) ...........................
37
49
45
42
13.5%
Month’s Supply of Inventory ................................
2.3
1.7
1.6
1.7
-25.7%
Percent Under Contract ........................................
47.7%
67.6%
72.5%
63.8%
33.7%
Average Median Price for Last 12 Months ........
$823,250
$904,500
$930,000
$891,000
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$900
AUG
$968,000
SEP OCT
MEDIAN SALES PRICE
NOV
$508
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$893 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
La Crescenta DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$832,000
$898,000
$840,000
$950,000
14.2%
Average Price per Square Foot ...........................
$481
$538
$497
$517
7.5%
Properties Sold .......................................................
22
10
21
19
-13.6%
Properties Pending Sale .......................................
22
10
17
24
9.1%
Properties For Sale ................................................
47
17
22
24
-48.9%
Days on Market (Pending Sale) ...........................
51
60
53
29
-43.1%
Month’s Supply of Inventory ................................
2.1
1.7
1
1.3
-40.9%
Percent Under Contract ........................................
46.8%
58.8%
77.3%
100.0%
113.6%
Average Median Price for Last 12 Months ........
$784,250
$842,833
$858,333
$827,846
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$832
AUG
$950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$517
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
North Hollywood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$534,000
$570,000
$568,000
$571,000
6.9%
Average Price per Square Foot ...........................
$367
$416
$406
$404
10.1%
Properties Sold .......................................................
38
29
26
25
-34.2%
Properties Pending Sale .......................................
37
30
45
43
16.2%
Properties For Sale ................................................
55
42
52
63
14.5%
Days on Market (Pending Sale) ...........................
55
79
56
38
-30.9%
Month’s Supply of Inventory ................................
1.4
1.4
2
2.5
74.1%
Percent Under Contract ........................................
67.3%
71.4%
86.5%
68.3%
1.5%
Average Median Price for Last 12 Months ........
$515,083
$558,333
$571,333
$548,154
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
$534
AUG
$571,000
SEP OCT
MEDIAN SALES PRICE
NOV
$404
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$571 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Shadow Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$765,000
$667,000
$1,142,000
$795,000
3.9%
Average Price per Square Foot ...........................
$325
$508
$322
$303
-6.8%
Properties Sold .......................................................
4
3
6
6
50.0%
Properties Pending Sale .......................................
4
5
3
4
0.0%
Properties For Sale ................................................
19
13
12
7
-63.2%
Days on Market (Pending Sale) ...........................
127
67
122
39
-69.3%
Month’s Supply of Inventory ................................
4.8
4.3
2
1.2
-75.4%
Percent Under Contract ........................................
21.1%
38.5%
25.0%
57.1%
171.4%
Average Median Price for Last 12 Months ........
$730,917
$897,167
$868,667
$793,462
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
$765
AUG
$795,000
SEP OCT
MEDIAN SALES PRICE
NOV
$303
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sherman Oaks DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,171,000
$994,000
$1,125,000
$1,173,000
0.2%
Average Price per Square Foot ...........................
$499
$502
$515
$542
8.6%
Properties Sold .......................................................
63
38
47
46
-27.0%
Properties Pending Sale .......................................
60
62
50
71
18.3%
Properties For Sale ................................................
158
104
106
150
-5.1%
Days on Market (Pending Sale) ...........................
70
72
70
54
-22.9%
Month’s Supply of Inventory ................................
2.5
2.7
2.3
3.3
30.0%
Percent Under Contract ........................................
38.0%
59.6%
47.2%
47.3%
24.6%
Average Median Price for Last 12 Months ........
$1,040,083
$1,193,667
$1,199,000
$1,177,538
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
$1.171
AUG
$1,173,000
SEP OCT
MEDIAN SALES PRICE
NOV
$542
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.173 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Studio City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,475,000
$1,483,000
$1,526,000
$1,299,000
-11.9%
Average Price per Square Foot ...........................
$618
$629
$606
$590
-4.5%
Properties Sold .......................................................
33
18
31
25
-24.2%
Properties Pending Sale .......................................
31
19
33
40
29.0%
Properties For Sale ................................................
103
67
73
70
-32.0%
Days on Market (Pending Sale) ...........................
53
115
59
52
-1.9%
Month’s Supply of Inventory ................................
3.1
3.7
2.4
2.8
-10.3%
Percent Under Contract ........................................
30.1%
28.4%
45.2%
57.1%
89.9%
Average Median Price for Last 12 Months ........
$1,375,500
$1,410,833
$1,333,000
$1,423,000
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.475
AUG
$1,299,000
SEP OCT
MEDIAN SALES PRICE
NOV
$590
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sun Valley DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$465,000
$525,000
$523,000
$628,000
35.1%
Average Price per Square Foot ...........................
$353
$361
$417
$392
11.0%
Properties Sold .......................................................
21
13
12
22
4.8%
Properties Pending Sale .......................................
20
18
18
23
15.0%
Properties For Sale ................................................
22
18
20
24
9.1%
Days on Market (Pending Sale) ...........................
38
46
37
30
-21.1%
Month’s Supply of Inventory ................................
1
1.4
1.7
1.1
4.1%
Percent Under Contract ........................................
90.9%
100.0%
90.0%
95.8%
5.4%
Average Median Price for Last 12 Months ........
$458,000
$520,833
$545,000
$508,538
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$465
AUG
$628,000
SEP OCT
MEDIAN SALES PRICE
NOV
$392
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$628 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sunland/Tujunga DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$565,000
$548,000
$664,000
$588,000
4.1%
Average Price per Square Foot ...........................
$376
$367
$329
$360
-4.3%
Properties Sold .......................................................
33
26
16
14
-57.6%
Properties Pending Sale .......................................
52
30
13
17
-67.3%
Properties For Sale ................................................
73
37
19
23
-68.5%
Days on Market (Pending Sale) ...........................
56
72
62
38
-32.1%
Month’s Supply of Inventory ................................
2.2
1.4
1.2
1.6
-25.7%
Percent Under Contract ........................................
71.2%
81.1%
68.4%
73.9%
3.8%
Average Median Price for Last 12 Months ........
$521,250
$609,833
$602,000
$586,538
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$565
AUG
$588,000
SEP OCT
MEDIAN SALES PRICE
NOV
$360
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$588 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Tarzana DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,161,000
$1,038,000
$1,065,000
$1,050,000
-9.6%
Average Price per Square Foot ...........................
$430
$405
$361
$398
-7.4%
Properties Sold .......................................................
23
16
21
33
43.5%
Properties Pending Sale .......................................
32
35
22
31
-3.1%
Properties For Sale ................................................
100
49
70
91
-9.0%
Days on Market (Pending Sale) ...........................
78
102
51
48
-38.5%
Month’s Supply of Inventory ................................
4.3
3.1
3.3
2.8
-36.6%
Percent Under Contract ........................................
32.0%
71.4%
31.4%
34.1%
6.5%
Average Median Price for Last 12 Months ........
$920,583
$1,036,333
$1,025,000
$1,051,077
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.161
AUG
$1,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$398
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 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 2017
telesproperties.com
Toluca Lake DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,975,000
$1,521,000
$1,890,000
$1,380,000
-30.1%
Average Price per Square Foot ...........................
$547
$541
$722
$714
30.5%
Properties Sold .......................................................
5
6
3
7
40.0%
Properties Pending Sale .......................................
5
3
3
4
-20.0%
Properties For Sale ................................................
20
18
14
18
-10.0%
Days on Market (Pending Sale) ...........................
95
67
70
43
-54.7%
Month’s Supply of Inventory ................................
4
3
4.7
2.6
-35.7%
Percent Under Contract ........................................
25.0%
16.7%
21.4%
22.2%
-11.1%
Average Median Price for Last 12 Months ........
$1,275,250
$1,792,167
$1,940,000
$1,603,769
25.8%
*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 $1.975
JUL AUG
$1,380,000
SEP OCT
MEDIAN SALES PRICE
NOV
$714
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Valley Village DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$886,000
$1,079,000
$850,000
$965,000
8.9%
Average Price per Square Foot ...........................
$502
$474
$508
$511
1.8%
Properties Sold .......................................................
21
12
13
19
-9.5%
Properties Pending Sale .......................................
21
12
16
23
9.5%
Properties For Sale ................................................
35
22
22
28
-20.0%
Days on Market (Pending Sale) ...........................
52
61
81
55
5.8%
Month’s Supply of Inventory ................................
1.7
1.8
1.7
1.5
-11.6%
Percent Under Contract ........................................
60.0%
54.5%
72.7%
82.1%
36.9%
Average Median Price for Last 12 Months ........
$875,500
$925,667
$1,003,667
$927,462
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
$886
AUG
$965,000
SEP OCT
MEDIAN SALES PRICE
NOV
$511
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Westlake Village DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,300,000
$1,265,000
$999,000
$999,000
-23.2%
Average Price per Square Foot ...........................
$473
$598
$461
$437
-7.6%
Properties Sold .......................................................
23
10
27
21
-8.7%
Properties Pending Sale .......................................
32
18
34
33
3.1%
Properties For Sale ................................................
130
86
98
121
-6.9%
Days on Market (Pending Sale) ...........................
57
72
63
49
-14.0%
Month’s Supply of Inventory ................................
5.7
8.6
3.6
5.8
1.9%
Percent Under Contract ........................................
24.6%
20.9%
34.7%
27.3%
10.8%
Average Median Price for Last 12 Months ........
$1,115,833
$1,173,000
$1,059,667
$1,221,077
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 $1.300
JUL AUG
$999,000
SEP OCT
MEDIAN SALES PRICE
NOV
$437
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$999 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Woodland Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$778,000
$755,000
$789,000
$815,000
4.8%
Average Price per Square Foot ...........................
$386
$325
$371
$400
3.6%
Properties Sold .......................................................
64
42
81
61
-4.7%
Properties Pending Sale .......................................
65
42
85
84
29.2%
Properties For Sale ................................................
227
113
135
187
-17.6%
Days on Market (Pending Sale) ...........................
55
78
56
46
-16.4%
Month’s Supply of Inventory ................................
3.5
2.7
1.7
3.1
-13.6%
Percent Under Contract ........................................
28.6%
37.2%
63.0%
44.9%
56.9%
Average Median Price for Last 12 Months ........
$761,167
$914,333
$813,333
$830,077
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$778
AUG
$815,000
SEP OCT
MEDIAN SALES PRICE
NOV
$400
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,039,500
$1,209,917
$1,022,833
$1,082,417
4.1%
Average Price per Square Foot ...........................
$532
$513
$542
$555
4.3%
Properties Sold .......................................................
26
17
19
26
-1.6%
Properties Pending Sale .......................................
30
19
27
28
-6.2%
Properties For Sale ................................................
79
49
57
62
-21.5%
Days on Market (Pending Sale) ...........................
48
68
48
39
-20.3%
Month’s Supply of Inventory ................................
3.1
3
3
2.4
-20.2%
Percent Under Contract ........................................
37.5%
38.9%
47.3%
44.8%
19.6%
Average Median Price for Last 12 Months ........
$1,009,139
$1,065,292
$1,074,333
$1,056,962
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
$1.039
AUG
$1,082,417
SEP OCT
MEDIAN SALES PRICE
NOV
$555
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.082 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Alhambra DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$622,000
$646,000
$622,000
$692,000
11.3%
Average Price per Square Foot ...........................
$402
$449
$412
$504
25.4%
Properties Sold .......................................................
25
10
18
16
-36.0%
Properties Pending Sale .......................................
30
12
18
23
-23.3%
Properties For Sale ................................................
47
38
19
28
-40.4%
Days on Market (Pending Sale) ...........................
56
25
75
36
-35.7%
Month’s Supply of Inventory ................................
1.9
3.8
1.1
1.8
-6.9%
Percent Under Contract ........................................
63.8%
31.6%
94.7%
82.1%
28.7%
Average Median Price for Last 12 Months ........
$592,833
$659,500
$690,333
$654,077
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$622
AUG
$692,000
SEP OCT
MEDIAN SALES PRICE
NOV
$504
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 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 2017
telesproperties.com
Altadena DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$775,000
$791,000
$880,000
$833,000
7.5%
Average Price per Square Foot ...........................
$475
$471
$456
$485
2.1%
Properties Sold .......................................................
26
23
25
34
30.8%
Properties Pending Sale .......................................
32
30
38
38
18.8%
Properties For Sale ................................................
76
36
43
39
-48.7%
Days on Market (Pending Sale) ...........................
47
67
40
40
-14.9%
Month’s Supply of Inventory ................................
2.9
1.6
1.7
1.1
-60.8%
Percent Under Contract ........................................
42.1%
83.3%
88.4%
97.4%
131.4%
Average Median Price for Last 12 Months ........
$707,500
$811,833
$817,000
$790,154
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$775
AUG
$833,000
SEP OCT
MEDIAN SALES PRICE
NOV
$485
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$833 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Arcadia DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,663,000
$2,041,000
$1,204,000
$1,400,000
-15.8%
Average Price per Square Foot ...........................
$551
$575
$588
$564
2.4%
Properties Sold .......................................................
32
30
32
39
21.9%
Properties Pending Sale .......................................
56
29
39
50
-10.7%
Properties For Sale ................................................
237
175
208
236
-0.4%
Days on Market (Pending Sale) ...........................
76
76
39
54
-28.9%
Month’s Supply of Inventory ................................
7.4
5.8
6.5
6.1
-18.3%
Percent Under Contract ........................................
23.6%
16.6%
18.8%
21.2%
-10.3%
Average Median Price for Last 12 Months ........
$1,273,000
$1,196,500
$1,220,667
$1,301,000
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
$1.663
AUG
$1,400,000
SEP OCT
MEDIAN SALES PRICE
NOV
$564
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Duarte DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$551,000
$525,000
$440,000
$495,000
-10.2%
Average Price per Square Foot ...........................
$385
$302
$352
$360
-6.5%
Properties Sold .......................................................
13
5
9
10
-23.1%
Properties Pending Sale .......................................
19
10
15
21
10.5%
Properties For Sale ................................................
29
22
24
30
3.4%
Days on Market (Pending Sale) ...........................
66
88
40
24
-63.6%
Month’s Supply of Inventory ................................
2.2
4.4
2.7
3
34.5%
Percent Under Contract ........................................
65.5%
45.5%
62.5%
70.0%
6.8%
Average Median Price for Last 12 Months ........
$466,833
$483,333
$512,333
$486,769
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
$551
AUG
$495,000
SEP OCT
MEDIAN SALES PRICE
NOV
$360
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Eagle Rock DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$860,000
$908,000
$670,000
$880,000
2.3%
Average Price per Square Foot ...........................
$534
$443
$532
$580
8.6%
Properties Sold .......................................................
7
10
6
4
-42.9%
Properties Pending Sale .......................................
19
11
8
8
-57.9%
Properties For Sale ................................................
30
20
15
11
-63.3%
Days on Market (Pending Sale) ...........................
36
105
23
46
27.8%
Month’s Supply of Inventory ................................
4.3
2
2.5
2.8
-35.8%
Percent Under Contract ........................................
63.3%
55.0%
53.3%
72.7%
14.8%
Average Median Price for Last 12 Months ........
$743,667
$773,667
$831,333
$800,538
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
$860
AUG
$880,000
SEP OCT
MEDIAN SALES PRICE
NOV
$580
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
La Canada Flintridge DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,647,000
$2,375,000
$1,856,000
$1,750,000
6.3%
Average Price per Square Foot ...........................
$624
$594
$654
$706
13.1%
Properties Sold .......................................................
24
12
14
21
-12.5%
Properties Pending Sale .......................................
24
16
18
26
8.3%
Properties For Sale ................................................
72
37
55
47
-34.7%
Days on Market (Pending Sale) ...........................
45
71
47
62
37.8%
Month’s Supply of Inventory ................................
3
3.1
3.9
2.2
-25.4%
Percent Under Contract ........................................
33.3%
43.2%
32.7%
55.3%
66.0%
Average Median Price for Last 12 Months ........
$1,613,917
$1,776,500
$1,816,000
$1,804,308
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.647
AUG
$1,750,000
SEP OCT
MEDIAN SALES PRICE
NOV
$706
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Monrovia DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$665,000
$689,000
$735,000
$787,000
18.3%
Average Price per Square Foot ...........................
$424
$436
$482
$459
8.3%
Properties Sold .......................................................
23
20
14
22
-4.3%
Properties Pending Sale .......................................
22
19
25
26
18.2%
Properties For Sale ................................................
59
36
31
43
-27.1%
Days on Market (Pending Sale) ...........................
37
67
50
16
-56.8%
Month’s Supply of Inventory ................................
2.6
1.8
2.2
2
-23.8%
Percent Under Contract ........................................
37.3%
52.8%
80.6%
60.5%
62.2%
Average Median Price for Last 12 Months ........
$643,917
$700,500
$709,667
$668,000
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
$665
AUG
$787,000
SEP OCT
MEDIAN SALES PRICE
NOV
$459
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 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 2017
telesproperties.com
Pasadena DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$825,000
$759,000
$884,000
$992,000
20.2%
Average Price per Square Foot ...........................
$529
$531
$600
$583
10.2%
Properties Sold .......................................................
106
40
65
95
-10.4%
Properties Pending Sale .......................................
103
67
100
93
-9.7%
Properties For Sale ................................................
217
137
173
167
-23.0%
Days on Market (Pending Sale) ...........................
47
62
36
45
-4.3%
Month’s Supply of Inventory ................................
2
3.4
2.7
1.8
-14.1%
Percent Under Contract ........................................
47.5%
48.9%
57.8%
55.7%
17.3%
Average Median Price for Last 12 Months ........
$820,083
$916,833
$989,000
$874,615
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
$825
AUG
$992,000
SEP OCT
MEDIAN SALES PRICE
NOV
$583
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Gabriel DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$680,000
$696,000
$748,000
$760,000
11.8%
Average Price per Square Foot ...........................
$488
$454
$477
$499
2.3%
Properties Sold .......................................................
24
24
23
23
-4.2%
Properties Pending Sale .......................................
16
15
30
21
31.2%
Properties For Sale ................................................
74
31
37
48
-35.1%
Days on Market (Pending Sale) ...........................
65
81
40
38
-41.5%
Month’s Supply of Inventory ................................
3.1
1.3
1.6
2.1
-32.3%
Percent Under Contract ........................................
21.6%
48.4%
81.1%
43.8%
102.3%
Average Median Price for Last 12 Months ........
$726,167
$767,667
$755,667
$742,692
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$680
AUG
$760,000
SEP OCT
MEDIAN SALES PRICE
NOV
$499
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Marino DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,169,000
$2,445,000
$1,840,000
$2,170,000
0.0%
Average Price per Square Foot ...........................
$842
$931
$804
$955
13.4%
Properties Sold .......................................................
10
12
4
17
70.0%
Properties Pending Sale .......................................
11
6
13
11
0.0%
Properties For Sale ................................................
58
33
44
57
-1.7%
Days on Market (Pending Sale) ...........................
34
64
38
31
-8.8%
Month’s Supply of Inventory ................................
5.8
2.8
11
3.4
-42.2%
Percent Under Contract ........................................
19.0%
18.2%
29.5%
19.3%
1.8%
Average Median Price for Last 12 Months ........
$2,289,167
$2,280,833
$2,221,667
$2,203,846
-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
$2.169
AUG
$2,170,000
SEP OCT
MEDIAN SALES PRICE
NOV
$955
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sierra Madre DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$748,000
$1,300,000
$1,100,000
$1,115,000
49.1%
Average Price per Square Foot ...........................
$529
$425
$536
$482
-8.9%
Properties Sold .......................................................
8
7
9
13
62.5%
Properties Pending Sale .......................................
8
9
2
9
12.5%
Properties For Sale ................................................
30
15
23
21
-30.0%
Days on Market (Pending Sale) ...........................
44
46
90
35
-20.5%
Month’s Supply of Inventory ................................
3.8
2.1
2.6
1.6
-56.9%
Percent Under Contract ........................................
26.7%
60.0%
8.7%
42.9%
60.7%
Average Median Price for Last 12 Months ........
$974,833
$1,054,667
$1,063,333
$1,061,000
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
$748
AUG
$1,115,000
SEP OCT
MEDIAN SALES PRICE
NOV
$482
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
South Pasadena DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,269,000
$1,344,000
$1,295,000
$1,115,000
-12.1%
Average Price per Square Foot ...........................
$602
$544
$611
$482
-19.9%
Properties Sold .......................................................
14
6
11
13
-7.1%
Properties Pending Sale .......................................
17
6
15
9
-47.1%
Properties For Sale ................................................
24
11
7
21
-12.5%
Days on Market (Pending Sale) ...........................
27
65
55
35
29.6%
Month’s Supply of Inventory ................................
1.7
1.8
0.6
1.6
-5.8%
Percent Under Contract ........................................
70.8%
54.5%
214.3%
42.9%
-39.5%
Average Median Price for Last 12 Months ........
$1,257,750
$1,361,667
$1,265,000
$1,296,538
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
$1.269
AUG
$1,115,000
SEP OCT
MEDIAN SALES PRICE
NOV
$482
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
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
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : July 2017
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : July 2017
telesproperties.com
Orange County DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$730,000
$735,000
$770,000
$780,000
6.8%
Average Price per Square Foot ...........................
$453
$434
$448
$451
-0.4%
Properties Sold .......................................................
1712
1132
1623
1762
2.9%
Properties Pending Sale .......................................
1781
1317
1982
1875
5.3%
Properties For Sale ................................................
7,778
4,966
6,375
6,778
-12.9%
Days on Market (Pending Sale) ...........................
53
57
40
44
-17.0%
Month’s Supply of Inventory ................................
4.5
4.4
3.9
3.8
-15.3%
Percent Under Contract ........................................
22.9%
26.5%
31.1%
27.7%
20.8%
Average Median Price for Last 12 Months ........
$712,625
$771,500
$786,667
$752,881
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
$730
AUG
$780,000
SEP OCT
MEDIAN SALES PRICE
NOV
$451
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 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 2017
telesproperties.com
Aliso Viejo DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$780,000
$855,000
$869,000
$815,000
4.5%
Average Price per Square Foot ...........................
$387
$359
$369
$398
2.8%
Properties Sold .......................................................
29
11
15
21
-27.6%
Properties Pending Sale .......................................
21
13
29
20
-4.8%
Properties For Sale ................................................
78
42
68
55
-29.5%
Days on Market (Pending Sale) ...........................
45
42
26
33
-26.7%
Month’s Supply of Inventory ................................
2.7
3.8
4.5
2.6
-2.6%
Percent Under Contract ........................................
26.9%
31.0%
42.6%
36.4%
35.1%
Average Median Price for Last 12 Months ........
$752,729
$800,742
$817,500
$800,765
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
$780
AUG
$815,000
SEP OCT
MEDIAN SALES PRICE
NOV
$398
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Balboa Peninsula DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$5,127,500
$2,499,500
$2,800,000
$1,300,000
-74.6%
Average Price per Square Foot ...........................
$1,843
$1,474
$1,163
$1,052
-42.9%
Properties Sold .......................................................
4
8
10
1
-75.0%
Properties Pending Sale .......................................
5
5
11
8
60.0%
Properties For Sale ................................................
56
39
45
40
-28.6%
Days on Market (Pending Sale) ...........................
43
97
91
70
62.8%
Month’s Supply of Inventory ................................
14
4.9
4.5
40
185.7%
Percent Under Contract ........................................
8.9%
12.8%
24.4%
20.0%
124.0%
Average Median Price for Last 12 Months ........
$3,402,500
$3,039,583
$2,545,833
$3,093,423
-9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.127
JUL AUG
$1,300,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,052
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
40 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Corona del Mar - Spyglass DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$3,200,000
$3,199,230
$2,535,000
$3,112,000
-2.8%
Average Price per Square Foot ...........................
$1,264
$988
$1,077
$1,133
-10.4%
Properties Sold .......................................................
17
9
10
15
-11.8%
Properties Pending Sale .......................................
11
11
11
10
-9.1%
Properties For Sale ................................................
89
66
84
80
-10.1%
Days on Market (Pending Sale) ...........................
81
81
55
85
4.9%
Month’s Supply of Inventory ................................
5.2
7.3
8.4
5.3
1.9%
Percent Under Contract ........................................
12.4%
16.7%
13.1%
12.5%
1.1%
Average Median Price for Last 12 Months ........
$2,767,125
$2,803,111
$2,921,388
$2,881,376
4.1%
*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
$3.200
AUG
$3,112,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,133
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.112 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Coto de Caza DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,266,250
$1,230,000
$1,060,000
$1,120,000
-11.5%
Average Price per Square Foot ...........................
$357
$353
$362
$337
-5.6%
Properties Sold .......................................................
28
17
17
20
-28.6%
Properties Pending Sale .......................................
18
24
34
19
5.6%
Properties For Sale ................................................
154
93
143
132
-14.3%
Days on Market (Pending Sale) ...........................
70
78
61
54
-22.9%
Month’s Supply of Inventory ................................
5.5
5.5
8.4
6.6
20.0%
Percent Under Contract ........................................
11.7%
25.8%
23.8%
14.4%
23.1%
Average Median Price for Last 12 Months ........
$1,173,358
$1,192,583
$1,308,500
$1,201,387
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
$1.266
AUG
$1,120,000
SEP OCT
MEDIAN SALES PRICE
NOV
$337
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Crystal Cove DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$9,022,750
$0
$8,600,000
$6,900,000
-23.5%
Average Price per Square Foot ...........................
$1,216
$0
$1,286
$1,222
0.5%
Properties Sold .......................................................
1
0
3
5
400.0%
Properties Pending Sale .......................................
2
2
6
1
-50.0%
Properties For Sale ................................................
22
21
30
22
0.0%
Days on Market (Pending Sale) ...........................
38
44
49
105
176.3%
Month’s Supply of Inventory ................................
22
n/a
10
4.4
-80.0%
Percent Under Contract ........................................
9.1%
9.5%
20.0%
4.5%
-50.0%
Average Median Price for Last 12 Months ........
$7,257,845
$7,316,667
$6,533,333
$7,449,795
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $9.022
JUL AUG
$6,900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,222
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$6.900 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 2017
telesproperties.com
Dana Point DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$939,000
$1,020,000
$1,160,000
$1,114,500
18.7%
Average Price per Square Foot ...........................
$751
$581
$588
$627
-16.5%
Properties Sold .......................................................
25
16
33
28
12.0%
Properties Pending Sale .......................................
39
29
23
28
-28.2%
Properties For Sale ................................................
203
144
171
199
-2.0%
Days on Market (Pending Sale) ...........................
61
100
77
73
19.7%
Month’s Supply of Inventory ................................
8.1
9
5.2
7.1
-12.5%
Percent Under Contract ........................................
19.2%
20.1%
13.5%
14.1%
-26.8%
Average Median Price for Last 12 Months ........
$1,029,724
$1,074,250
$1,112,333
$1,019,788
-1.0%
*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
$939
AUG
$1,114,500
SEP OCT
MEDIAN SALES PRICE
NOV
$627
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.114 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
East Bluff - Harbor View DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,000,000
$1,972,500
$1,725,000
$2,195,000
9.8%
Average Price per Square Foot ...........................
$693
$740
$743
$753
8.7%
Properties Sold .......................................................
21
10
15
25
19.0%
Properties Pending Sale .......................................
21
10
20
16
-23.8%
Properties For Sale ................................................
124
75
114
109
-12.1%
Days on Market (Pending Sale) ...........................
70
91
55
65
-7.1%
Month’s Supply of Inventory ................................
5.9
7.5
7.6
4.4
-26.2%
Percent Under Contract ........................................
16.9%
13.3%
17.5%
14.7%
-13.3%
Average Median Price for Last 12 Months ........
$1,842,192
$1,995,417
$1,945,000
$1,909,278
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
$2.000
AUG
$2,195,000
SEP OCT
MEDIAN SALES PRICE
NOV
$753
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.195 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 2017
telesproperties.com
East Costa Mesa DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,067,692
$1,023,000
$995,000
$912,500
-14.5%
Average Price per Square Foot ...........................
$572
$524
$551
$642
12.2%
Properties Sold .......................................................
18
7
11
20
11.1%
Properties Pending Sale .......................................
22
17
15
17
-22.7%
Properties For Sale ................................................
64
49
60
70
9.4%
Days on Market (Pending Sale) ...........................
82
43
37
59
-28.0%
Month’s Supply of Inventory ................................
3.6
7
5.5
3.5
-1.6%
Percent Under Contract ........................................
34.4%
34.7%
25.0%
24.3%
-29.4%
Average Median Price for Last 12 Months ........
$997,332
$1,018,167
$1,013,167
$1,028,296
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 $1.067
JUL AUG
$912,500
SEP OCT
MEDIAN SALES PRICE
NOV
$642
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$912 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Fountain Valley DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$726,500
$735,500
$827,500
$767,000
5.6%
Average Price per Square Foot ...........................
$349
$365
$395
$407
16.6%
Properties Sold .......................................................
34
22
32
31
-8.8%
Properties Pending Sale .......................................
42
19
30
28
-33.3%
Properties For Sale ................................................
92
51
64
65
-29.3%
Days on Market (Pending Sale) ...........................
43
30
21
33
-23.3%
Month’s Supply of Inventory ................................
2.7
2.3
2
2.1
-22.5%
Percent Under Contract ........................................
45.7%
37.3%
46.9%
43.1%
-5.6%
Average Median Price for Last 12 Months ........
$720,117
$785,875
$771,333
$772,246
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
$726
AUG
$767,000
SEP OCT
MEDIAN SALES PRICE
NOV
$407
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$767 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Huntington Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$817,500
$820,000
$800,000
$880,000
7.6%
Average Price per Square Foot ...........................
$473
$456
$476
$487
3.0%
Properties Sold .......................................................
102
55
87
127
24.5%
Properties Pending Sale .......................................
101
75
117
135
33.7%
Properties For Sale ................................................
429
242
295
360
-16.1%
Days on Market (Pending Sale) ...........................
56
41
39
47
-16.1%
Month’s Supply of Inventory ................................
4.2
4.4
3.4
2.8
-32.6%
Percent Under Contract ........................................
23.5%
31.0%
39.7%
37.5%
59.3%
Average Median Price for Last 12 Months ........
$809,583
$846,833
$890,000
$830,077
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
$817
AUG
$880,000
SEP OCT
MEDIAN SALES PRICE
NOV
$487
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Irvine DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,005,000
$1,080,000
$1,052,500
$1,097,500
9.2%
Average Price per Square Foot ...........................
$489
$479
$530
$511
4.5%
Properties Sold .......................................................
81
66
94
114
40.7%
Properties Pending Sale .......................................
102
72
136
131
28.4%
Properties For Sale ................................................
529
328
430
497
-6.0%
Days on Market (Pending Sale) ...........................
45
53
39
46
2.2%
Month’s Supply of Inventory ................................
6.5
5
4.6
4.4
-33.2%
Percent Under Contract ........................................
19.3%
22.0%
31.6%
26.4%
36.7%
Average Median Price for Last 12 Months ........
$1,003,044
$1,098,500
$1,086,167
$1,077,999
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
$1.005
AUG
$1,097,500
SEP OCT
MEDIAN SALES PRICE
NOV
$511
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.097 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Ladera Ranch DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$942,500
$895,000
$1,010,000
$930,000
-1.3%
Average Price per Square Foot ...........................
$370
$342
$358
$361
-2.4%
Properties Sold .......................................................
28
10
30
40
42.9%
Properties Pending Sale .......................................
23
19
24
22
-4.3%
Properties For Sale ................................................
154
74
114
128
-16.9%
Days on Market (Pending Sale) ...........................
52
51
33
48
-7.7%
Month’s Supply of Inventory ................................
5.5
7.4
3.8
3.2
-41.8%
Percent Under Contract ........................................
14.9%
25.7%
21.1%
17.2%
15.1%
Average Median Price for Last 12 Months ........
$853,279
$911,408
$884,483
$901,419
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
$942
AUG
$930,000
SEP OCT
MEDIAN SALES PRICE
NOV
$361
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Laguna Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,845,000
$1,929,500
$2,942,500
$1,850,000
0.3%
Average Price per Square Foot ...........................
$1,065
$912
$1,154
$1,058
-0.7%
Properties Sold .......................................................
34
25
22
26
-23.5%
Properties Pending Sale .......................................
26
26
36
30
15.4%
Properties For Sale ................................................
304
183
243
280
-7.9%
Days on Market (Pending Sale) ...........................
70
161
67
62
-11.4%
Month’s Supply of Inventory ................................
8.9
7.3
11
10.8
20.4%
Percent Under Contract ........................................
8.6%
14.2%
14.8%
10.7%
25.3%
Average Median Price for Last 12 Months ........
$1,982,800
$2,213,932
$1,878,333
$2,030,200
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
$1.845
AUG
$1,850,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,058
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Laguna Niguel DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$875,000
$876,500
$952,750
$910,000
4.0%
Average Price per Square Foot ...........................
$425
$398
$410
$465
9.4%
Properties Sold .......................................................
51
34
54
61
19.6%
Properties Pending Sale .......................................
63
43
78
74
17.5%
Properties For Sale ................................................
340
180
255
273
-19.7%
Days on Market (Pending Sale) ...........................
47
85
41
56
19.1%
Month’s Supply of Inventory ................................
6.7
5.3
4.7
4.5
-32.9%
Percent Under Contract ........................................
18.5%
23.9%
30.6%
27.1%
46.3%
Average Median Price for Last 12 Months ........
$861,604
$944,950
$936,500
$902,823
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
$875
AUG
$910,000
SEP OCT
MEDIAN SALES PRICE
NOV
$465
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Laguna Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$774,500
$870,000
$847,500
$915,000
18.1%
Average Price per Square Foot ...........................
$367
$392
$351
$379
3.3%
Properties Sold .......................................................
25
19
17
17
-32.0%
Properties Pending Sale .......................................
22
10
25
22
0.0%
Properties For Sale ................................................
125
67
112
114
-8.8%
Days on Market (Pending Sale) ...........................
65
67
34
50
-23.1%
Month’s Supply of Inventory ................................
5
3.5
6.6
6.7
34.1%
Percent Under Contract ........................................
17.6%
14.9%
22.3%
19.3%
9.6%
Average Median Price for Last 12 Months ........
$810,748
$838,793
$878,333
$831,277
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
$774
AUG
$915,000
SEP OCT
MEDIAN SALES PRICE
NOV
$379
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Laguna Woods DATA*
Jul 2016
6 month
3 month
Jul 2017
% 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
0
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
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$196,417
n/a
n/a
n/a
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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 2017
telesproperties.com
Lantern Village in Dana Point DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$758,000
$715,000
$1,072,500
$955,000
26.0%
Average Price per Square Foot ...........................
$539
$794
$504
$655
21.5%
Properties Sold .......................................................
4
1
8
2
-50.0%
Properties Pending Sale .......................................
6
3
2
5
-16.7%
Properties For Sale ................................................
24
19
15
30
25.0%
Days on Market (Pending Sale) ...........................
68
46
164
41
-39.7%
Month’s Supply of Inventory ................................
6
19
1.9
15
150.0%
Percent Under Contract ........................................
25.0%
15.8%
13.3%
16.7%
-33.3%
Average Median Price for Last 12 Months ........
$949,250
$1,111,083
$1,224,667
$964,231
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
$758
AUG
$955,000
SEP OCT
MEDIAN SALES PRICE
NOV
$655
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$3,950,000
$2,450,000
$4,614,000
$3,587,500
-9.2%
Average Price per Square Foot ...........................
$1,451
$1,127
$1,875
$1,446
-0.3%
Properties Sold .......................................................
5
2
2
6
20.0%
Properties Pending Sale .......................................
3
8
5
9
200.0%
Properties For Sale ................................................
39
30
30
40
2.6%
Days on Market (Pending Sale) ...........................
105
70
110
35
-66.7%
Month’s Supply of Inventory ................................
7.8
15
15
6.7
-14.5%
Percent Under Contract ........................................
7.7%
26.7%
16.7%
22.5%
192.5%
Average Median Price for Last 12 Months ........
$3,178,417
$3,506,108
$3,305,617
$3,343,588
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$3.950
AUG
$3,587,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,446
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.587 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Mission Viejo DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$685,000
$709,200
$737,000
$753,750
10.0%
Average Price per Square Foot ...........................
$362
$355
$359
$367
1.4%
Properties Sold .......................................................
105
62
86
98
-6.7%
Properties Pending Sale .......................................
97
75
101
107
10.3%
Properties For Sale ................................................
338
203
270
291
-13.9%
Days on Market (Pending Sale) ...........................
51
55
31
31
-39.2%
Month’s Supply of Inventory ................................
3.2
3.3
3.1
3
-7.8%
Percent Under Contract ........................................
28.7%
36.9%
37.4%
36.8%
28.1%
Average Median Price for Last 12 Months ........
$671,492
$734,833
$741,250
$714,285
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
$685
AUG
$753,750
SEP OCT
MEDIAN SALES PRICE
NOV
$367
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$753 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Monarch Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,150,000
$1,700,000
$1,400,000
$1,450,672
-32.5%
Average Price per Square Foot ...........................
$1,277
$689
$639
$789
-38.2%
Properties Sold .......................................................
7
6
15
10
42.9%
Properties Pending Sale .......................................
14
11
10
8
-42.9%
Properties For Sale ................................................
91
68
86
83
-8.8%
Days on Market (Pending Sale) ...........................
71
125
57
82
15.5%
Month’s Supply of Inventory ................................
13
11.3
5.7
8.3
-36.2%
Percent Under Contract ........................................
15.4%
16.2%
11.6%
9.6%
-37.3%
Average Median Price for Last 12 Months ........
$1,787,802
$1,748,029
$1,486,891
$1,768,927
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.150
JUL AUG
$1,450,672
SEP OCT
MEDIAN SALES PRICE
NOV
$789
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Nelle Gail DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$787,200
$975,000
$898,700
$915,000
16.2%
Average Price per Square Foot ...........................
$366
$395
$351
$379
3.6%
Properties Sold .......................................................
24
18
16
17
-29.2%
Properties Pending Sale .......................................
20
64
24
22
10.0%
Properties For Sale ................................................
119
64
111
112
-5.9%
Days on Market (Pending Sale) ...........................
66
67
29
50
-24.2%
Month’s Supply of Inventory ................................
5
3.6
6.9
6.6
32.9%
Percent Under Contract ........................................
16.8%
100.0%
21.6%
19.6%
16.9%
Average Median Price for Last 12 Months ........
$816,599
$851,538
$880,833
$847,752
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
$787
AUG
$915,000
SEP OCT
MEDIAN SALES PRICE
NOV
$379
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Newport Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,000,000
$1,957,500
$2,100,000
$2,122,500
6.1%
Average Price per Square Foot ...........................
$931
$903
$919
$825
-11.4%
Properties Sold .......................................................
67
44
51
60
-10.4%
Properties Pending Sale .......................................
58
39
61
62
6.9%
Properties For Sale ................................................
410
275
342
360
-12.2%
Days on Market (Pending Sale) ...........................
69
69
70
69
0.0%
Month’s Supply of Inventory ................................
6.1
6.2
6.7
6
-2.0%
Percent Under Contract ........................................
14.1%
14.2%
17.8%
17.2%
21.7%
Average Median Price for Last 12 Months ........
$1,962,525
$2,232,500
$2,215,833
$2,073,500
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
$2.000
AUG
$2,122,500
SEP OCT
MEDIAN SALES PRICE
NOV
$825
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.122 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Newport Coast DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,725,000
$3,090,000
$3,337,500
$6,900,000
153.2%
Average Price per Square Foot ...........................
$974
$866
$996
$1,110
14.0%
Properties Sold .......................................................
12
8
14
9
-25.0%
Properties Pending Sale .......................................
17
13
26
7
-58.8%
Properties For Sale ................................................
121
100
125
105
-13.2%
Days on Market (Pending Sale) ...........................
88
56
111
92
4.5%
Month’s Supply of Inventory ................................
10.1
12.5
8.9
11.7
15.7%
Percent Under Contract ........................................
14.0%
13.0%
20.8%
6.7%
-52.5%
Average Median Price for Last 12 Months ........
$2,866,005
$4,024,583
$4,631,667
$3,453,548
20.5%
*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
$2.725
AUG
$6,900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,110
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$6.900 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 2017
telesproperties.com
Newport Heights DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,562,500
$1,420,000
$1,950,000
$3,574,000
128.7%
Average Price per Square Foot ...........................
$804
$624
$707
$764
-5.0%
Properties Sold .......................................................
8
7
8
3
-62.5%
Properties Pending Sale .......................................
6
4
4
7
16.7%
Properties For Sale ................................................
56
28
32
50
-10.7%
Days on Market (Pending Sale) ...........................
36
54
91
109
202.8%
Month’s Supply of Inventory ................................
7
4
4
16.7
138.1%
Percent Under Contract ........................................
10.7%
14.3%
12.5%
14.0%
30.7%
Average Median Price for Last 12 Months ........
$1,382,875
$2,548,083
$2,954,500
$2,199,740
59.1%
*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
$1.562
AUG
$3,574,000
SEP OCT
MEDIAN SALES PRICE
NOV
$764
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
16.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.574 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rancho Santa Margarita DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$730,000
$720,000
$710,000
$800,000
9.6%
Average Price per Square Foot ...........................
$334
$337
$352
$346
3.6%
Properties Sold .......................................................
43
35
43
49
14.0%
Properties Pending Sale .......................................
49
31
62
47
-4.1%
Properties For Sale ................................................
176
74
137
131
-25.6%
Days on Market (Pending Sale) ...........................
57
35
23
40
-29.8%
Month’s Supply of Inventory ................................
4.1
2.1
3.2
2.7
-34.7%
Percent Under Contract ........................................
27.8%
41.9%
45.3%
35.9%
28.9%
Average Median Price for Last 12 Months ........
$711,938
$760,583
$797,833
$743,154
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
$730
AUG
$800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$346
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Clemente DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$899,000
$927,500
$1,083,000
$982,600
9.3%
Average Price per Square Foot ...........................
$416
$390
$467
$414
-0.5%
Properties Sold .......................................................
75
34
55
52
-30.7%
Properties Pending Sale .......................................
63
48
85
61
-3.2%
Properties For Sale ................................................
384
219
309
311
-19.0%
Days on Market (Pending Sale) ...........................
80
50
60
55
-31.2%
Month’s Supply of Inventory ................................
5.1
6.4
5.6
6
16.8%
Percent Under Contract ........................................
16.4%
21.9%
27.5%
19.6%
19.6%
Average Median Price for Last 12 Months ........
$929,562
$966,258
$976,700
$942,629
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
$899
AUG
$982,600
SEP OCT
MEDIAN SALES PRICE
NOV
$414
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$982 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Juan Capistrano DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$900,000
$712,500
$1,065,000
$1,015,000
12.8%
Average Price per Square Foot ...........................
$433
$368
$376
$360
-16.9%
Properties Sold .......................................................
29
24
34
43
48.3%
Properties Pending Sale .......................................
31
27
38
38
22.6%
Properties For Sale ................................................
225
127
172
180
-20.0%
Days on Market (Pending Sale) ...........................
88
61
65
56
-36.4%
Month’s Supply of Inventory ................................
7.8
5.3
5.1
4.2
-46.0%
Percent Under Contract ........................................
13.8%
21.3%
22.1%
21.1%
53.2%
Average Median Price for Last 12 Months ........
$953,522
$1,032,833
$1,098,000
$978,038
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$900
AUG
$1,015,000
SEP OCT
MEDIAN SALES PRICE
NOV
$360
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.015 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Shady Canyon DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,277,500
$1,700,000
$2,266,310
$2,235,084
-1.9%
Average Price per Square Foot ...........................
$650
$588
$747
$683
5.1%
Properties Sold .......................................................
12
13
13
14
16.7%
Properties Pending Sale .......................................
12
9
22
15
25.0%
Properties For Sale ................................................
107
78
88
99
-7.5%
Days on Market (Pending Sale) ...........................
56
101
63
46
-17.9%
Month’s Supply of Inventory ................................
8.9
6
6.8
7.1
-20.7%
Percent Under Contract ........................................
11.2%
11.5%
25.0%
15.2%
35.1%
Average Median Price for Last 12 Months ........
$1,864,767
$2,065,649
$2,113,361
$1,938,876
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
$2.277
AUG
$2,235,084
SEP OCT
MEDIAN SALES PRICE
NOV
$683
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.235 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Turtle Ridge DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,950,000
$1,622,500
$2,266,310
$2,924,500
-0.9%
Average Price per Square Foot ...........................
$748
$627
$727
$711
-4.9%
Properties Sold .......................................................
4
2
5
2
-50.0%
Properties Pending Sale .......................................
1
3
4
0
-100.0%
Properties For Sale ................................................
14
25
24
24
71.4%
Days on Market (Pending Sale) ...........................
87
62
93
0
-100.0%
Month’s Supply of Inventory ................................
3.5
12.5
4.8
12
242.9%
Percent Under Contract ........................................
7.1%
12.0%
16.7%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,240,667
$2,344,718
$2,459,000
$2,368,122
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
$2.950
AUG
$2,924,500
SEP OCT
MEDIAN SALES PRICE
NOV
$711
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Turtle Rock DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,655,000
$1,510,000
$2,277,500
$1,277,000
-22.8%
Average Price per Square Foot ...........................
$623
$596
$802
$629
1.0%
Properties Sold .......................................................
5
7
6
7
40.0%
Properties Pending Sale .......................................
6
7
18
11
83.3%
Properties For Sale ................................................
79
45
52
45
-43.0%
Days on Market (Pending Sale) ...........................
46
109
56
36
-21.7%
Month’s Supply of Inventory ................................
15.8
6.4
8.7
6.4
-59.3%
Percent Under Contract ........................................
7.6%
15.6%
34.6%
24.4%
221.9%
Average Median Price for Last 12 Months ........
$1,811,508
$1,998,441
$2,026,049
$1,807,857
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.655
AUG
$1,277,000
SEP OCT
MEDIAN SALES PRICE
NOV
$629
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.277 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Westminster DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$599,500
$620,000
$645,000
$638,000
6.4%
Average Price per Square Foot ...........................
$348
$355
$384
$380
9.2%
Properties Sold .......................................................
30
19
22
35
16.7%
Properties Pending Sale .......................................
35
19
33
29
-17.1%
Properties For Sale ................................................
102
59
83
82
-19.6%
Days on Market (Pending Sale) ...........................
32
30
18
26
-18.8%
Month’s Supply of Inventory ................................
3.4
3.1
3.8
2.3
-31.1%
Percent Under Contract ........................................
34.3%
32.2%
39.8%
35.4%
3.1%
Average Median Price for Last 12 Months ........
$579,975
$632,083
$642,000
$620,962
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
$599
AUG
$638,000
SEP OCT
MEDIAN SALES PRICE
NOV
$380
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$638 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,825,000
$1,613,750
$1,572,500
$1,925,000
5.5%
Average Price per Square Foot ...........................
$703
$705
$657
$662
-5.8%
Properties Sold .......................................................
18
10
10
15
-16.7%
Properties Pending Sale .......................................
12
10
10
13
8.3%
Properties For Sale ................................................
70
52
58
55
-21.4%
Days on Market (Pending Sale) ...........................
62
43
55
95
53.2%
Month’s Supply of Inventory ................................
3.9
5.2
5.8
3.7
-5.7%
Percent Under Contract ........................................
17.1%
19.2%
17.2%
23.6%
37.9%
Average Median Price for Last 12 Months ........
$1,633,583
$1,713,042
$1,872,917
$1,686,808
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
$1.825
AUG
$1,925,000
SEP OCT
MEDIAN SALES PRICE
NOV
$662
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
West Newport - Lido DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,457,500
$1,365,000
$3,050,000
$1,807,500
-26.4%
Average Price per Square Foot ...........................
$1,380
$1,192
$1,369
$1,059
-23.3%
Properties Sold .......................................................
11
7
6
10
-9.1%
Properties Pending Sale .......................................
11
1
10
9
-18.2%
Properties For Sale ................................................
63
49
61
65
3.2%
Days on Market (Pending Sale) ...........................
95
79
70
41
-56.8%
Month’s Supply of Inventory ................................
5.7
7
10.2
6.5
13.5%
Percent Under Contract ........................................
17.5%
2.0%
16.4%
13.8%
-20.7%
Average Median Price for Last 12 Months ........
$2,421,083
$2,920,833
$2,635,833
$2,702,231
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
$2.457
AUG
$1,807,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,059
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.807 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
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 2017
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : July 2017
telesproperties.com
Carpinteria DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$985,000
$807,000
$1,425,000
$1,060,000
7.6%
Average Price per Square Foot ...........................
$771
$590
$890
$744
-3.5%
Properties Sold .......................................................
6
4
5
5
-16.7%
Properties Pending Sale .......................................
6
4
10
4
-33.3%
Properties For Sale ................................................
42
40
43
43
2.4%
Days on Market (Pending Sale) ...........................
18
116
28
123
583.3%
Month’s Supply of Inventory ................................
7
10
8.6
8.6
22.9%
Percent Under Contract ........................................
14.3%
10.0%
23.3%
9.3%
-34.9%
Average Median Price for Last 12 Months ........
$1,020,035
$1,211,333
$1,061,167
$1,061,904
4.1%
*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
$985
AUG
$1,060,000
SEP OCT
MEDIAN SALES PRICE
NOV
$744
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.060 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Goleta DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$895,000
$815,000
$817,500
$900,250
0.6%
Average Price per Square Foot ...........................
$446
$431
$506
$471
5.6%
Properties Sold .......................................................
7
9
14
12
71.4%
Properties Pending Sale .......................................
13
13
11
9
-30.8%
Properties For Sale ................................................
46
28
35
33
-28.3%
Days on Market (Pending Sale) ...........................
47
69
26
25
-46.8%
Month’s Supply of Inventory ................................
6.6
3.1
2.5
2.8
-58.2%
Percent Under Contract ........................................
28.3%
46.4%
31.4%
27.3%
-3.5%
Average Median Price for Last 12 Months ........
$833,586
$838,896
$855,750
$840,106
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
$895
AUG
$900,250
SEP OCT
MEDIAN SALES PRICE
NOV
$471
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 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 2017
telesproperties.com
Hope Ranch DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,375,000
$2,600,000
$1,833,258
$4,504,000
89.6%
Average Price per Square Foot ...........................
$755
$696
$737
$887
17.5%
Properties Sold .......................................................
3
7
1
2
-33.3%
Properties Pending Sale .......................................
2
4
1
0
-100.0%
Properties For Sale ................................................
35
39
42
36
2.9%
Days on Market (Pending Sale) ...........................
70
146
56
0
-100.0%
Month’s Supply of Inventory ................................
11.7
5.6
42
18
54.3%
Percent Under Contract ........................................
5.7%
10.3%
2.4%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$3,068,093
$2,849,593
$3,009,767
$2,949,172
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.375
AUG
$4,504,000
SEP OCT
MEDIAN SALES PRICE
NOV
$887
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
18 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.504 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Montecito DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,675,000
$4,500,000
$2,405,000
$2,850,000
6.5%
Average Price per Square Foot ...........................
$958
$751
$972
$1,022
6.7%
Properties Sold .......................................................
19
9
17
13
-31.6%
Properties Pending Sale .......................................
16
15
29
26
62.5%
Properties For Sale ................................................
201
174
205
180
-10.4%
Days on Market (Pending Sale) ...........................
138
100
106
65
-52.9%
Month’s Supply of Inventory ................................
10.6
19.3
12.1
13.8
30.9%
Percent Under Contract ........................................
8.0%
8.6%
14.1%
14.4%
81.5%
Average Median Price for Last 12 Months ........
$2,952,500
$3,044,667
$3,416,667
$2,935,808
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.675
AUG
$2,850,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,022
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Santa Barbara East of State DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,205,000
$1,134,342
$1,325,000
$999,500
-17.1%
Average Price per Square Foot ...........................
$758
$636
$704
$658
-13.2%
Properties Sold .......................................................
22
22
33
22
0.0%
Properties Pending Sale .......................................
33
20
30
27
-18.2%
Properties For Sale ................................................
177
115
130
140
-20.9%
Days on Market (Pending Sale) ...........................
49
53
28
69
40.8%
Month’s Supply of Inventory ................................
8
5.2
3.9
6.4
-20.9%
Percent Under Contract ........................................
18.6%
17.4%
23.1%
19.3%
3.4%
Average Median Price for Last 12 Months ........
$1,283,323
$1,350,667
$1,183,833
$1,296,282
1.0%
*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
$1.205
AUG
$999,500
SEP OCT
MEDIAN SALES PRICE
NOV
$658
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$999 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Santa Barbara West of State DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,050,000
$945,898
$1,047,000
$1,100,000
4.8%
Average Price per Square Foot ...........................
$665
$642
$716
$747
12.3%
Properties Sold .......................................................
15
10
20
23
53.3%
Properties Pending Sale .......................................
25
17
26
27
8.0%
Properties For Sale ................................................
107
75
85
80
-25.2%
Days on Market (Pending Sale) ...........................
52
52
37
62
19.2%
Month’s Supply of Inventory ................................
7.1
7.5
4.2
3.5
-51.2%
Percent Under Contract ........................................
23.4%
22.7%
30.6%
33.8%
44.5%
Average Median Price for Last 12 Months ........
$1,047,944
$1,139,167
$1,133,000
$1,121,377
7.0%
*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
$1.050
AUG
$1,100,000
SEP OCT
MEDIAN SALES PRICE
NOV
$747
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 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 2017
telesproperties.com
Santa Ynez DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$822,500
$754,000
$950,000
$741,000
-9.9%
Average Price per Square Foot ...........................
$346
$454
$456
$410
18.5%
Properties Sold .......................................................
10
10
23
19
90.0%
Properties Pending Sale .......................................
14
13
17
19
35.7%
Properties For Sale ................................................
150
131
141
173
15.3%
Days on Market (Pending Sale) ...........................
86
145
110
89
3.5%
Month’s Supply of Inventory ................................
15
13.1
6.1
9.1
-39.3%
Percent Under Contract ........................................
9.3%
9.9%
12.1%
11.0%
17.7%
Average Median Price for Last 12 Months ........
$743,292
$928,779
$899,667
$842,859
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
$822
AUG
$741,000
SEP OCT
MEDIAN SALES PRICE
NOV
$410
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$741 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : July 2017
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : July 2017
telesproperties.com
Carmel DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,195,000
$1,510,000
$1,415,000
$1,325,000
10.9%
Average Price per Square Foot ...........................
$724
$899
$841
$903
24.7%
Properties Sold .......................................................
24
24
25
17
-29.2%
Properties Pending Sale .......................................
28
18
19
30
7.1%
Properties For Sale ................................................
183
146
156
197
7.7%
Days on Market (Pending Sale) ...........................
83
117
99
69
-16.9%
Month’s Supply of Inventory ................................
7.6
6.1
6.2
11.6
52.0%
Percent Under Contract ........................................
15.3%
12.3%
12.2%
15.2%
-0.5%
Average Median Price for Last 12 Months ........
$1,438,250
$1,466,150
$1,477,300
$1,454,569
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.195
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$903
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.6 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 2017
telesproperties.com
Carmel Valley DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$845,000
$805,000
$1,280,000
$1,007,450
19.2%
Average Price per Square Foot ...........................
$487
$407
$459
$431
-11.5%
Properties Sold .......................................................
11
3
10
8
-27.3%
Properties Pending Sale .......................................
9
8
10
9
0.0%
Properties For Sale ................................................
73
54
58
72
-1.4%
Days on Market (Pending Sale) ...........................
67
90
48
47
-29.9%
Month’s Supply of Inventory ................................
6.6
18
5.8
9
35.6%
Percent Under Contract ........................................
12.3%
14.8%
17.2%
12.5%
1.4%
Average Median Price for Last 12 Months ........
$945,701
$1,079,492
$1,004,983
$1,097,265
16.0%
*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
$845
AUG
$1,007,450
SEP OCT
MEDIAN SALES PRICE
NOV
$431
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Marina DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$475,000
$549,000
$505,000
$561,250
18.2%
Average Price per Square Foot ...........................
$333
$327
$328
$321
-3.6%
Properties Sold .......................................................
11
7
11
20
81.8%
Properties Pending Sale .......................................
10
6
15
16
60.0%
Properties For Sale ................................................
27
32
37
51
88.9%
Days on Market (Pending Sale) ...........................
23
50
61
30
30.4%
Month’s Supply of Inventory ................................
2.5
4.6
3.4
2.6
3.9%
Percent Under Contract ........................................
37.0%
18.8%
40.5%
31.4%
-15.3%
Average Median Price for Last 12 Months ........
$466,663
$532,493
$554,500
$519,343
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
$475
AUG
$561,250
SEP OCT
MEDIAN SALES PRICE
NOV
$321
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$561 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Monterey DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$845,000
$766,500
$780,000
$799,500
-5.4%
Average Price per Square Foot ...........................
$460
$461
$440
$479
4.1%
Properties Sold .......................................................
14
16
16
26
85.7%
Properties Pending Sale .......................................
19
12
27
26
36.8%
Properties For Sale ................................................
107
63
85
106
-0.9%
Days on Market (Pending Sale) ...........................
33
80
67
46
39.4%
Month’s Supply of Inventory ................................
7.6
3.9
5.3
4.1
-46.7%
Percent Under Contract ........................................
17.8%
19.0%
31.8%
24.5%
38.1%
Average Median Price for Last 12 Months ........
$723,521
$779,917
$796,500
$773,469
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
$845
AUG
$799,500
SEP OCT
MEDIAN SALES PRICE
NOV
$479
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$799 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Pacific Grove DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$813,000
$995,000
$1,100,000
$899,500
10.6%
Average Price per Square Foot ...........................
$682
$734
$728
$584
-14.4%
Properties Sold .......................................................
16
9
9
16
0.0%
Properties Pending Sale .......................................
12
15
21
14
16.7%
Properties For Sale ................................................
64
42
54
54
-15.6%
Days on Market (Pending Sale) ...........................
49
133
28
92
87.8%
Month’s Supply of Inventory ................................
4
4.7
6
3.4
-15.6%
Percent Under Contract ........................................
18.8%
35.7%
38.9%
25.9%
38.3%
Average Median Price for Last 12 Months ........
$850,917
$982,917
$894,500
$921,154
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
$813
AUG
$899,500
SEP OCT
MEDIAN SALES PRICE
NOV
$584
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Pebble Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,490,000
$1,797,500
$1,665,000
$1,487,500
-0.2%
Average Price per Square Foot ...........................
$790
$580
$660
$758
-4.1%
Properties Sold .......................................................
11
6
7
12
9.1%
Properties Pending Sale .......................................
20
3
11
8
-60.0%
Properties For Sale ................................................
89
74
90
93
4.5%
Days on Market (Pending Sale) ...........................
120
177
110
85
-29.2%
Month’s Supply of Inventory ................................
8.1
12.3
12.9
7.8
-4.2%
Percent Under Contract ........................................
22.5%
4.1%
12.2%
8.6%
-61.7%
Average Median Price for Last 12 Months ........
$1,537,833
$1,454,417
$1,510,000
$1,702,000
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
$1.490
AUG
$1,487,500
SEP OCT
MEDIAN SALES PRICE
NOV
$758
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.487 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 2017
telesproperties.com
Salinas DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$465,000
$467,000
$519,000
$492,000
5.8%
Average Price per Square Foot ...........................
$285
$304
$294
$308
8.1%
Properties Sold .......................................................
61
36
40
52
-14.8%
Properties Pending Sale .......................................
77
37
54
60
-22.1%
Properties For Sale ................................................
231
159
165
194
-16.0%
Days on Market (Pending Sale) ...........................
49
64
49
41
-16.3%
Month’s Supply of Inventory ................................
3.8
4.4
4.1
3.7
-1.5%
Percent Under Contract ........................................
33.3%
23.3%
32.7%
30.9%
-7.2%
Average Median Price for Last 12 Months ........
$433,292
$496,042
$514,083
$477,981
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$465
AUG
$492,000
SEP OCT
MEDIAN SALES PRICE
NOV
$308
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$492 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Seaside DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$502,500
$480,000
$490,000
$580,000
15.4%
Average Price per Square Foot ...........................
$372
$402
$393
$339
-8.9%
Properties Sold .......................................................
24
9
19
7
-70.8%
Properties Pending Sale .......................................
15
12
22
21
40.0%
Properties For Sale ................................................
57
42
52
60
5.3%
Days on Market (Pending Sale) ...........................
26
40
40
22
-15.4%
Month’s Supply of Inventory ................................
2.4
4.7
2.7
8.6
260.9%
Percent Under Contract ........................................
26.3%
28.6%
42.3%
35.0%
33.0%
Average Median Price for Last 12 Months ........
$443,591
$518,417
$534,167
$492,154
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$502
AUG
$580,000
SEP OCT
MEDIAN SALES PRICE
NOV
$339
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$580 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
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 2017
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : July 2017
telesproperties.com
San Diego County DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$564,500
$556,500
$598,000
$619,500
9.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2166
1360
2007
2050
-5.4%
Properties Pending Sale .......................................
2283
1889
2368
2286
0.1%
Properties For Sale ................................................
8,723
6,238
6,779
7,383
-15.4%
Days on Market (Pending Sale) ...........................
39
45
34
35
-10.3%
Month’s Supply of Inventory ................................
4
4.6
3.4
3.6
-10.6%
Percent Under Contract ........................................
26.2%
30.3%
34.9%
31.0%
18.3%
Average Median Price for Last 12 Months ........
$543,979
$598,080
$616,817
$581,345
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
$564
AUG
$619,500
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
$619 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$757,000
$796,000
$725,000
$789,000
4.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
5
10
9
12.5%
Properties Pending Sale .......................................
6
5
6
9
50.0%
Properties For Sale ................................................
34
24
26
25
-26.5%
Days on Market (Pending Sale) ...........................
29
25
9
42
44.8%
Month’s Supply of Inventory ................................
4.2
4.8
2.6
2.8
-34.6%
Percent Under Contract ........................................
17.6%
20.8%
23.1%
36.0%
104.0%
Average Median Price for Last 12 Months ........
$715,750
$772,083
$797,000
$769,873
7.0%
*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
$757
AUG
$789,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$789 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Carlsbad DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$865,000
$860,000
$990,000
$903,556
4.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
96
65
105
92
-4.2%
Properties Pending Sale .......................................
99
80
126
99
0.0%
Properties For Sale ................................................
404
273
317
329
-18.6%
Days on Market (Pending Sale) ...........................
32
51
34
32
0.0%
Month’s Supply of Inventory ................................
4.2
4.2
3
3.6
-15.0%
Percent Under Contract ........................................
24.5%
29.3%
39.7%
30.1%
22.8%
Average Median Price for Last 12 Months ........
$851,017
$937,259
$948,852
$898,004
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$865
AUG
$903,556
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
$903 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Carmel Valley DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,104,500
$1,332,500
$1,168,500
$1,315,000
19.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
52
28
30
49
-5.8%
Properties Pending Sale .......................................
47
46
55
41
-12.8%
Properties For Sale ................................................
223
122
160
147
-34.1%
Days on Market (Pending Sale) ...........................
40
48
29
45
12.5%
Month’s Supply of Inventory ................................
4.3
4.4
5.3
3
-30.0%
Percent Under Contract ........................................
21.1%
37.7%
34.4%
27.9%
32.3%
Average Median Price for Last 12 Months ........
$1,112,495
$1,239,917
$1,246,167
$1,203,923
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
$1.104
AUG
$1,315,000
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
$1.315 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Chula Vista DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$501,750
$513,750
$510,000
$564,750
12.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
140
106
137
154
10.0%
Properties Pending Sale .......................................
170
129
159
150
-11.8%
Properties For Sale ................................................
510
356
408
455
-10.8%
Days on Market (Pending Sale) ...........................
35
37
37
32
-8.6%
Month’s Supply of Inventory ................................
3.6
3.4
3
3
-18.9%
Percent Under Contract ........................................
33.3%
36.2%
39.0%
33.0%
-1.1%
Average Median Price for Last 12 Months ........
$494,328
$536,025
$554,050
$525,040
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$501
AUG
$564,750
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
$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 2017
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$591,150
$600,000
$621,000
$640,000
8.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
46
25
37
41
-10.9%
Properties Pending Sale .......................................
43
30
41
42
-2.3%
Properties For Sale ................................................
122
59
75
105
-13.9%
Days on Market (Pending Sale) ...........................
18
29
18
22
22.2%
Month’s Supply of Inventory ................................
2.7
2.4
2
2.6
-3.4%
Percent Under Contract ........................................
35.2%
50.8%
54.7%
40.0%
13.5%
Average Median Price for Last 12 Months ........
$566,042
$641,375
$660,833
$618,823
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
$591
AUG
$640,000
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
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Coronado DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,835,000
$1,575,000
$1,800,000
$1,850,000
0.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
13
7
11
18
38.5%
Properties Pending Sale .......................................
12
16
19
16
33.3%
Properties For Sale ................................................
137
115
116
118
-13.9%
Days on Market (Pending Sale) ...........................
102
65
118
58
-43.1%
Month’s Supply of Inventory ................................
10.5
16.4
10.5
6.6
-37.8%
Percent Under Contract ........................................
8.8%
13.9%
16.4%
13.6%
54.8%
Average Median Price for Last 12 Months ........
$1,691,816
$1,737,500
$1,678,333
$1,717,596
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
$1.835
AUG
$1,850,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Del Mar DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,483,750
$1,715,000
$2,160,000
$1,535,000
3.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
8
15
8
-33.3%
Properties Pending Sale .......................................
14
14
14
17
21.4%
Properties For Sale ................................................
95
77
96
127
33.7%
Days on Market (Pending Sale) ...........................
64
87
42
52
-18.8%
Month’s Supply of Inventory ................................
7.9
9.6
6.4
15.9
100.5%
Percent Under Contract ........................................
14.7%
18.2%
14.6%
13.4%
-9.2%
Average Median Price for Last 12 Months ........
$1,889,427
$1,743,333
$1,765,000
$1,738,115
-8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.483
AUG
$1,535,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
El Cajon DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$493,250
$480,000
$510,000
$496,500
0.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
96
57
107
88
-8.3%
Properties Pending Sale .......................................
105
98
116
120
14.3%
Properties For Sale ................................................
357
296
286
319
-10.6%
Days on Market (Pending Sale) ...........................
35
49
29
28
-20.0%
Month’s Supply of Inventory ................................
3.7
5.2
2.7
3.6
-2.5%
Percent Under Contract ........................................
29.4%
33.1%
40.6%
37.6%
27.9%
Average Median Price for Last 12 Months ........
$467,663
$503,958
$516,250
$493,716
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
$493
AUG
$496,500
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
$496 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Encinitas DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,325,000
$1,155,000
$1,299,950
$1,210,000
-8.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
43
29
40
35
-18.6%
Properties Pending Sale .......................................
48
28
40
48
0.0%
Properties For Sale ................................................
193
117
153
157
-18.7%
Days on Market (Pending Sale) ...........................
37
43
32
37
0.0%
Month’s Supply of Inventory ................................
4.5
4
3.8
4.5
-0.1%
Percent Under Contract ........................................
24.9%
23.9%
26.1%
30.6%
22.9%
Average Median Price for Last 12 Months ........
$1,109,108
$1,190,408
$1,215,833
$1,207,667
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.325
AUG
$1,210,000
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
$1.210 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Escondido DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$527,500
$500,000
$537,500
$532,000
0.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
137
104
144
151
10.2%
Properties Pending Sale .......................................
136
118
154
165
21.3%
Properties For Sale ................................................
567
392
475
551
-2.8%
Days on Market (Pending Sale) ...........................
50
48
35
29
-42.0%
Month’s Supply of Inventory ................................
4.1
3.8
3.3
3.6
-11.8%
Percent Under Contract ........................................
24.0%
30.1%
32.4%
29.9%
24.8%
Average Median Price for Last 12 Months ........
$482,801
$536,500
$539,000
$518,923
7.0%
*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
$527
AUG
$532,000
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
$532 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Imperial-Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$539,000
$549,950
$562,500
$545,000
1.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
6
8
13
85.7%
Properties Pending Sale .......................................
11
5
9
18
63.6%
Properties For Sale ................................................
36
35
30
40
11.1%
Days on Market (Pending Sale) ...........................
24
55
42
41
70.8%
Month’s Supply of Inventory ................................
5.1
5.8
3.8
3.1
-40.2%
Percent Under Contract ........................................
30.6%
14.3%
30.0%
45.0%
47.3%
Average Median Price for Last 12 Months ........
$456,229
$565,236
$584,306
$549,528
17.0%
*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
$539
AUG
$545,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$545 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
La Jolla DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,100,000
$1,955,000
$2,200,000
$2,332,500
11.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
31
15
29
20
-35.5%
Properties Pending Sale .......................................
31
22
31
24
-22.6%
Properties For Sale ................................................
296
209
238
272
-8.1%
Days on Market (Pending Sale) ...........................
56
104
49
74
32.1%
Month’s Supply of Inventory ................................
9.5
13.9
8.2
13.6
42.4%
Percent Under Contract ........................................
10.5%
10.5%
13.0%
8.8%
-15.7%
Average Median Price for Last 12 Months ........
$1,957,609
$2,155,083
$2,325,167
$2,029,077
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$2.100
AUG
$2,332,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.332 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
La Mesa DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$505,000
$522,500
$536,000
$575,388
13.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
59
40
54
62
5.1%
Properties Pending Sale .......................................
58
59
82
69
19.0%
Properties For Sale ................................................
221
153
171
163
-26.2%
Days on Market (Pending Sale) ...........................
34
41
28
26
-23.5%
Month’s Supply of Inventory ................................
3.8
2.6
2.1
2.6
-31.0%
Percent Under Contract ........................................
26.2%
38.6%
48.0%
42.3%
61.3%
Average Median Price for Last 12 Months ........
$496,688
$560,315
$577,463
$541,568
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
$505
AUG
$575,388
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
$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 2017
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$543,000
$535,000
$550,000
$645,000
18.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
23
14
17
20
-13.0%
Properties Pending Sale .......................................
18
21
21
17
-5.6%
Properties For Sale ................................................
48
27
39
38
-20.8%
Days on Market (Pending Sale) ...........................
30
16
15
29
-3.3%
Month’s Supply of Inventory ................................
2.7
1.3
1.9
1.9
-28.7%
Percent Under Contract ........................................
37.5%
77.8%
53.8%
44.7%
19.3%
Average Median Price for Last 12 Months ........
$530,792
$591,900
$607,967
$567,531
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$543
AUG
$645,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Lemon Grove DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$415,500
$400,000
$438,500
$452,500
8.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
12
18
21
-4.5%
Properties Pending Sale .......................................
23
12
21
22
-4.3%
Properties For Sale ................................................
57
38
41
54
-5.3%
Days on Market (Pending Sale) ...........................
64
31
35
48
-25.0%
Month’s Supply of Inventory ................................
2.5
3.2
2
2.6
3.8%
Percent Under Contract ........................................
40.4%
31.6%
51.2%
40.7%
1.0%
Average Median Price for Last 12 Months ........
$392,750
$439,708
$437,167
$428,673
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
$415
AUG
$452,500
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
$452 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
National City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$392,000
$395,000
$356,000
$423,500
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
15
9
7
18
20.0%
Properties Pending Sale .......................................
17
14
17
24
41.2%
Properties For Sale ................................................
52
44
44
58
11.5%
Days on Market (Pending Sale) ...........................
73
39
37
31
-57.5%
Month’s Supply of Inventory ................................
3.1
3.1
2.6
3.2
5.3%
Percent Under Contract ........................................
32.7%
31.8%
38.6%
41.4%
26.6%
Average Median Price for Last 12 Months ........
$359,292
$398,250
$407,833
$389,135
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$392
AUG
$423,500
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$423 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Oceanside DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$528,000
$525,000
$530,000
$559,000
5.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
143
75
138
135
-5.6%
Properties Pending Sale .......................................
164
115
159
159
-3.0%
Properties For Sale ................................................
429
286
322
380
-11.4%
Days on Market (Pending Sale) ...........................
30
31
30
27
-10.0%
Month’s Supply of Inventory ................................
3
3.8
2.3
2.8
-6.2%
Percent Under Contract ........................................
38.2%
40.2%
49.4%
41.8%
9.5%
Average Median Price for Last 12 Months ........
$970,000
$535,667
$553,000
$523,577
-85.3%
*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
$528
AUG
$559,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$559 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Poway DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$677,500
$659,800
$872,750
$793,000
17.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
48
24
47
53
10.4%
Properties Pending Sale .......................................
44
44
67
47
6.8%
Properties For Sale ................................................
216
132
170
177
-18.1%
Days on Market (Pending Sale) ...........................
37
34
34
23
-37.8%
Month’s Supply of Inventory ................................
4.5
5.5
3.6
3.3
-25.8%
Percent Under Contract ........................................
20.4%
33.3%
39.4%
26.6%
30.4%
Average Median Price for Last 12 Months ........
$657,438
$755,958
$746,000
$704,754
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
$677
AUG
$793,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$793 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rancho Bernardo DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$733,888
$815,000
$816,500
$887,062
20.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
93
71
100
116
24.7%
Properties Pending Sale .......................................
115
84
115
96
-16.5%
Properties For Sale ................................................
457
274
317
276
-39.6%
Days on Market (Pending Sale) ...........................
28
47
23
32
14.3%
Month’s Supply of Inventory ................................
4.2
4.3
5
2.4
-43.7%
Percent Under Contract ........................................
25.2%
30.7%
36.3%
34.8%
38.2%
Average Median Price for Last 12 Months ........
$729,053
$826,635
$883,437
$787,838
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
$733
AUG
$887,062
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$887 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Marcos DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$609,800
$655,000
$631,250
$649,000
6.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
83
48
76
63
-24.1%
Properties Pending Sale .......................................
63
40
75
83
31.7%
Properties For Sale ................................................
227
126
157
196
-13.7%
Days on Market (Pending Sale) ...........................
25
42
20
28
12.0%
Month’s Supply of Inventory ................................
2.7
2.6
2.1
3.1
13.8%
Percent Under Contract ........................................
27.8%
31.7%
47.8%
42.3%
52.6%
Average Median Price for Last 12 Months ........
$569,425
$646,708
$648,500
$629,188
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
$609
AUG
$649,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
San Diego DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$590,000
$588,000
$606,000
$647,000
9.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
77
44
64
70
-9.1%
Properties Pending Sale .......................................
67
56
68
68
1.5%
Properties For Sale ................................................
204
110
140
168
-17.6%
Days on Market (Pending Sale) ...........................
22
24
16
27
22.7%
Month’s Supply of Inventory ................................
2.6
2.5
2.2
2.4
-9.4%
Percent Under Contract ........................................
32.8%
50.9%
48.6%
40.5%
23.2%
Average Median Price for Last 12 Months ........
$564,683
$629,949
$644,648
$608,661
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
$590
AUG
$647,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2017
telesproperties.com
Santee DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$480,000
$480,000
$490,000
$511,000
6.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
57
23
41
47
-17.5%
Properties Pending Sale .......................................
43
42
50
41
-4.7%
Properties For Sale ................................................
105
87
94
92
-12.4%
Days on Market (Pending Sale) ...........................
31
34
20
29
-6.5%
Month’s Supply of Inventory ................................
1.8
3.8
2.3
2
6.3%
Percent Under Contract ........................................
41.0%
48.3%
53.2%
44.6%
8.8%
Average Median Price for Last 12 Months ........
$460,692
$495,750
$508,667
$485,185
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
$480
AUG
$511,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$511 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Solana Beach DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,500,000
$1,500,000
$1,850,000
$1,525,000
1.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2
4
12
13
550.0%
Properties Pending Sale .......................................
7
3
13
14
100.0%
Properties For Sale ................................................
39
28
37
40
2.6%
Days on Market (Pending Sale) ...........................
107
140
37
46
-57.0%
Month’s Supply of Inventory ................................
19.5
7
3.1
3.1
-84.2%
Percent Under Contract ........................................
17.9%
10.7%
35.1%
35.0%
95.0%
Average Median Price for Last 12 Months ........
$1,343,917
$1,478,333
$1,470,000
$1,569,385
14.4%
*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
$1.500
AUG
$1,525,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Spring Valley DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$429,500
$436,000
$450,000
$440,000
2.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
55
40
45
45
-18.2%
Properties Pending Sale .......................................
39
66
58
55
41.0%
Properties For Sale ................................................
159
162
128
141
-11.3%
Days on Market (Pending Sale) ...........................
40
43
32
25
-37.5%
Month’s Supply of Inventory ................................
2.9
4
2.8
3.1
8.4%
Percent Under Contract ........................................
24.5%
40.7%
45.3%
39.0%
59.0%
Average Median Price for Last 12 Months ........
$408,583
$449,042
$454,750
$440,900
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
$429
AUG
$440,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Vista DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$487,750
$475,000
$508,000
$519,000
6.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
86
51
67
75
-12.8%
Properties Pending Sale .......................................
92
88
87
91
-1.1%
Properties For Sale ................................................
323
210
215
255
-21.1%
Days on Market (Pending Sale) ...........................
51
44
42
34
-33.3%
Month’s Supply of Inventory ................................
3.8
4.1
3.2
3.4
-9.5%
Percent Under Contract ........................................
28.5%
41.9%
40.5%
35.7%
25.3%
Average Median Price for Last 12 Months ........
$476,582
$523,250
$529,500
$505,596
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
$487
AUG
$519,000
SEP OCT
MEDIAN SALES PRICE
NOV
n/a
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$519 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Riverside County
Bermuda Dunes
La Quinta
Cathedral City
Palm Desert
Coachella
Palm Springs
Desert Hot Springs
Rancho Mirage
Indian Wells
Thousand Palms
Indio
Micro Market Report : July 2017
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : July 2017
telesproperties.com
Bermuda Dunes DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$437,500
$0
$301,250
$510,000
16.6%
Average Price per Square Foot ...........................
$152
$0
$142
$132
-13.2%
Properties Sold .......................................................
2
0
4
1
-50.0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
15
11
10
13
-13.3%
Days on Market (Pending Sale) ...........................
166
0
0
0
-100.0%
Month’s Supply of Inventory ................................
7.5
n/a
2.5
13
73.3%
Percent Under Contract ........................................
6.7%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$204,824
$535,900
$359,417
$456,100
55.1%
*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
$437
AUG
$510,000
SEP OCT
MEDIAN SALES PRICE
NOV
$132
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Cathedral City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$296,250
$314,200
$269,000
$315,000
6.3%
Average Price per Square Foot ...........................
$156
$171
$172
$174
11.5%
Properties Sold .......................................................
20
16
21
28
40.0%
Properties Pending Sale .......................................
22
17
23
34
54.5%
Properties For Sale ................................................
126
101
112
107
-15.1%
Days on Market (Pending Sale) ...........................
96
43
61
53
-44.8%
Month’s Supply of Inventory ................................
6.3
6.3
5.3
3.8
-39.3%
Percent Under Contract ........................................
17.5%
16.8%
20.5%
31.8%
82.0%
Average Median Price for Last 12 Months ........
$277,604
$284,500
$301,000
$284,608
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
$296
AUG
$315,000
SEP OCT
MEDIAN SALES PRICE
NOV
$174
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$315 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Coachella DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$218,000
$203,500
$203,000
$259,950
19.2%
Average Price per Square Foot ...........................
$123
$150
$128
$133
8.1%
Properties Sold .......................................................
2
4
2
4
100.0%
Properties Pending Sale .......................................
1
1
2
3
200.0%
Properties For Sale ................................................
11
8
13
12
9.1%
Days on Market (Pending Sale) ...........................
124
8
19
30
-75.8%
Month’s Supply of Inventory ................................
5.5
2
6.5
3
-45.5%
Percent Under Contract ........................................
9.1%
12.5%
15.4%
25.0%
175.0%
Average Median Price for Last 12 Months ........
$223,344
$213,067
$250,967
$216,185
-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
$218
AUG
$259,950
SEP OCT
MEDIAN SALES PRICE
NOV
$133
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$259 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Desert Hot Springs DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$173,450
$169,950
$199,450
$205,500
18.5%
Average Price per Square Foot ...........................
$116
$122
$126
$129
11.2%
Properties Sold .......................................................
30
16
30
16
-46.7%
Properties Pending Sale .......................................
23
24
39
34
47.8%
Properties For Sale ................................................
162
152
162
185
14.2%
Days on Market (Pending Sale) ...........................
108
97
80
62
-42.6%
Month’s Supply of Inventory ................................
5.4
9.5
5.4
11.6
114.1%
Percent Under Contract ........................................
14.2%
15.8%
24.1%
18.4%
29.4%
Average Median Price for Last 12 Months ........
$167,903
$193,658
$198,167
$185,942
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
$173
AUG
$205,500
SEP OCT
MEDIAN SALES PRICE
NOV
$129
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2017
telesproperties.com
Indian Wells DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$583,000
$755,000
$557,500
$0
-100.0%
Average Price per Square Foot ...........................
$260
$339
$214
$0
-100.0%
Properties Sold .......................................................
1
1
2
0
-100.0%
Properties Pending Sale .......................................
1
1
5
0
-100.0%
Properties For Sale ................................................
18
17
21
11
-38.9%
Days on Market (Pending Sale) ...........................
188
147
75
0
-100.0%
Month’s Supply of Inventory ................................
18
17
10.5
n/a
n/a
Percent Under Contract ........................................
5.6%
5.9%
23.8%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$576,007
$891,625
$1,105,000
$795,675
27.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$583
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 2017
telesproperties.com
Indio DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$235,000
$252,778
$300,000
$281,000
19.6%
Average Price per Square Foot ...........................
$133
$140
$147
$136
2.3%
Properties Sold .......................................................
15
12
15
17
13.3%
Properties Pending Sale .......................................
12
22
19
24
100.0%
Properties For Sale ................................................
73
100
92
93
27.4%
Days on Market (Pending Sale) ...........................
42
71
71
60
42.9%
Month’s Supply of Inventory ................................
4.9
8.3
6.1
5.5
12.4%
Percent Under Contract ........................................
16.4%
22.0%
20.7%
25.8%
57.0%
Average Median Price for Last 12 Months ........
$289,399
$287,667
$278,000
$270,050
-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
$235
AUG
$281,000
SEP OCT
MEDIAN SALES PRICE
NOV
$136
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$281 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
La Quinta DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$384,500
$315,000
$322,500
$310,000
-19.4%
Average Price per Square Foot ...........................
$201
$199
$212
$225
11.9%
Properties Sold .......................................................
6
11
17
9
50.0%
Properties Pending Sale .......................................
7
12
16
8
14.3%
Properties For Sale ................................................
92
106
112
82
-10.9%
Days on Market (Pending Sale) ...........................
74
83
128
87
17.6%
Month’s Supply of Inventory ................................
15.3
9.6
6.6
9.1
-40.6%
Percent Under Contract ........................................
7.6%
11.3%
14.3%
9.8%
28.2%
Average Median Price for Last 12 Months ........
$316,231
$370,583
$345,333
$355,052
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $384
JUL AUG
$310,000
SEP OCT
MEDIAN SALES PRICE
NOV
$225
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$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 2017
telesproperties.com
Palm Desert DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$297,450
$345,000
$418,500
$365,000
22.7%
Average Price per Square Foot ...........................
$186
$166
$246
$204
9.7%
Properties Sold .......................................................
14
7
14
17
21.4%
Properties Pending Sale .......................................
8
17
15
20
150.0%
Properties For Sale ................................................
96
90
95
80
-16.7%
Days on Market (Pending Sale) ...........................
180
53
63
68
-62.2%
Month’s Supply of Inventory ................................
6.9
12.9
6.8
4.7
-31.4%
Percent Under Contract ........................................
8.3%
18.9%
15.8%
25.0%
200.0%
Average Median Price for Last 12 Months ........
$442,393
$346,500
$348,500
$341,008
-29.7%
*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
$297
AUG
$365,000
SEP OCT
MEDIAN SALES PRICE
NOV
$204
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$365 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Palm Springs DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$600,500
$570,000
$590,000
$623,000
3.7%
Average Price per Square Foot ...........................
$306
$308
$341
$337
10.1%
Properties Sold .......................................................
70
53
81
61
-12.9%
Properties Pending Sale .......................................
59
72
74
65
10.2%
Properties For Sale ................................................
462
476
459
378
-18.2%
Days on Market (Pending Sale) ...........................
100
74
83
81
-19.0%
Month’s Supply of Inventory ................................
6.6
9
5.7
6.2
-6.1%
Percent Under Contract ........................................
12.8%
15.1%
16.1%
17.2%
34.7%
Average Median Price for Last 12 Months ........
$568,042
$600,075
$609,333
$590,496
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
$600
AUG
$623,000
SEP OCT
MEDIAN SALES PRICE
NOV
$337
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$623 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Rancho Mirage DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$410,000
$442,500
$515,000
$539,000
31.5%
Average Price per Square Foot ...........................
$212
$218
$225
$186
-12.3%
Properties Sold .......................................................
11
4
20
15
36.4%
Properties Pending Sale .......................................
7
21
20
22
214.3%
Properties For Sale ................................................
118
145
156
123
4.2%
Days on Market (Pending Sale) ...........................
98
113
127
71
-27.6%
Month’s Supply of Inventory ................................
10.7
36.2
7.8
8.2
-23.6%
Percent Under Contract ........................................
5.9%
14.5%
12.8%
17.9%
201.5%
Average Median Price for Last 12 Months ........
$541,260
$588,583
$588,833
$521,538
-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
$410
AUG
$539,000
SEP OCT
MEDIAN SALES PRICE
NOV
$186
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.2 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 2017
telesproperties.com
Thousand Palms DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$183,557
$147,756
$0
$0
-100.0%
Average Price per Square Foot ...........................
$119
$125
$0
$0
-100.0%
Properties Sold .......................................................
2
2
0
0
-100.0%
Properties Pending Sale .......................................
0
3
2
1
n/a
Properties For Sale ................................................
4
8
9
10
150.0%
Days on Market (Pending Sale) ...........................
0
20
24
23
n/a
Month’s Supply of Inventory ................................
n/a
2.7
4.5
n/a
n/a
Percent Under Contract ........................................
0.0%
37.5%
22.2%
10.0%
n/a
Average Median Price for Last 12 Months ........
$75,320
$143,618
$126,570
$148,566
49.3%
*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
$183
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 2017
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 2017
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : July 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$862,000
$661,000
$651,500
$742,509
-13.9%
Average Price per Square Foot ...........................
$572
$464
$586
$591
3.3%
Properties Sold .......................................................
12
3
6
8
-33.3%
Properties Pending Sale .......................................
12
4
10
15
25.0%
Properties For Sale ................................................
43
23
31
37
-14.0%
Days on Market (Pending Sale) ...........................
39
19
31
32
-17.9%
Month’s Supply of Inventory ................................
3.6
7.7
5.2
4.6
29.1%
Percent Under Contract ........................................
27.9%
17.4%
32.3%
40.5%
45.3%
Average Median Price for Last 12 Months ........
$725,141
$719,002
$760,836
$747,616
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 $862
JUL AUG
$742,509
SEP OCT
MEDIAN SALES PRICE
NOV
$591
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$742 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Beverly Hills DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,318,888
$1,076,250
$1,238,000
$1,392,500
5.6%
Average Price per Square Foot ...........................
$720
$617
$832
$730
1.4%
Properties Sold .......................................................
7
10
13
8
14.3%
Properties Pending Sale .......................................
8
7
13
13
62.5%
Properties For Sale ................................................
52
53
52
74
42.3%
Days on Market (Pending Sale) ...........................
68
28
48
51
-25.0%
Month’s Supply of Inventory ................................
7.4
5.3
4
9.2
24.5%
Percent Under Contract ........................................
15.4%
13.2%
25.0%
17.6%
14.2%
Average Median Price for Last 12 Months ........
$1,219,824
$1,342,625
$1,401,500
$1,286,414
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$1.318
AUG
$1,392,500
SEP OCT
MEDIAN SALES PRICE
NOV
$730
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.392 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 2017
telesproperties.com
Brentwood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,035,000
$892,550
$855,000
$762,500
-26.3%
Average Price per Square Foot ...........................
$618
$607
$631
$716
15.9%
Properties Sold .......................................................
16
8
13
14
-12.5%
Properties Pending Sale .......................................
22
13
17
12
-45.5%
Properties For Sale ................................................
77
51
60
56
-27.3%
Days on Market (Pending Sale) ...........................
36
29
23
37
2.8%
Month’s Supply of Inventory ................................
4.8
6.4
4.6
4
-16.9%
Percent Under Contract ........................................
28.6%
25.5%
28.3%
21.4%
-25.0%
Average Median Price for Last 12 Months ........
$831,249
$905,667
$946,000
$864,619
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 $1.035
JUL AUG
$762,500
SEP OCT
MEDIAN SALES PRICE
NOV
$716
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$762 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Culver City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$501,500
$455,000
$515,000
$541,000
7.9%
Average Price per Square Foot ...........................
$485
$470
$519
$598
23.3%
Properties Sold .......................................................
15
10
9
15
0.0%
Properties Pending Sale .......................................
19
11
12
9
-52.6%
Properties For Sale ................................................
38
22
26
23
-39.5%
Days on Market (Pending Sale) ...........................
16
22
16
24
50.0%
Month’s Supply of Inventory ................................
2.5
2.2
2.9
1.5
-39.5%
Percent Under Contract ........................................
50.0%
50.0%
46.2%
39.1%
-21.7%
Average Median Price for Last 12 Months ........
$446,208
$502,958
$511,333
$493,313
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
$501
AUG
$541,000
SEP OCT
MEDIAN SALES PRICE
NOV
$598
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$541 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Downtown DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$595,500
$616,500
$549,500
$703,250
18.1%
Average Price per Square Foot ...........................
$605
$594
$635
$713
17.9%
Properties Sold .......................................................
42
35
42
42
0.0%
Properties Pending Sale .......................................
31
21
46
47
51.6%
Properties For Sale ................................................
229
182
215
245
7.0%
Days on Market (Pending Sale) ...........................
50
74
52
51
2.0%
Month’s Supply of Inventory ................................
5.5
5.2
5.1
5.8
7.0%
Percent Under Contract ........................................
13.5%
11.5%
21.4%
19.2%
41.7%
Average Median Price for Last 12 Months ........
$585,296
$598,667
$640,250
$588,827
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$595
AUG
$703,250
SEP OCT
MEDIAN SALES PRICE
NOV
$713
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$703 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Encino DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$500,000
$360,000
$330,000
$389,000
-22.2%
Average Price per Square Foot ...........................
$347
$310
$313
$372
7.2%
Properties Sold .......................................................
8
17
16
20
150.0%
Properties Pending Sale .......................................
16
15
21
20
25.0%
Properties For Sale ................................................
24
25
21
30
25.0%
Days on Market (Pending Sale) ...........................
51
68
80
49
-3.9%
Month’s Supply of Inventory ................................
3
1.5
1.3
1.5
-50.0%
Percent Under Contract ........................................
66.7%
60.0%
100.0%
66.7%
0.0%
Average Median Price for Last 12 Months ........
$338,000
$349,167
$368,333
$367,538
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $500
JUL AUG
$389,000
SEP OCT
MEDIAN SALES PRICE
NOV
$372
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$389 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Malibu DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$2,093,750
$0
$891,500
$875,000
-58.2%
Average Price per Square Foot ...........................
$981
$0
$677
$723
-26.3%
Properties Sold .......................................................
2
0
4
4
100.0%
Properties Pending Sale .......................................
0
2
4
3
n/a
Properties For Sale ................................................
16
16
21
17
6.2%
Days on Market (Pending Sale) ...........................
0
18
51
87
n/a
Month’s Supply of Inventory ................................
8
n/a
5.2
4.2
-46.9%
Percent Under Contract ........................................
0.0%
12.5%
19.0%
17.6%
n/a
Average Median Price for Last 12 Months ........
$1,003,308
$935,667
$882,500
$1,141,275
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 $2.093
JUL AUG
$875,000
SEP OCT
MEDIAN SALES PRICE
NOV
$723
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Marina Del Rey DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$860,000
$974,500
$872,990
$1,000,000
16.3%
Average Price per Square Foot ...........................
$609
$786
$678
$692
13.6%
Properties Sold .......................................................
27
16
25
19
-29.6%
Properties Pending Sale .......................................
20
23
26
16
-20.0%
Properties For Sale ................................................
91
89
96
100
9.9%
Days on Market (Pending Sale) ...........................
37
49
25
61
64.9%
Month’s Supply of Inventory ................................
3.4
5.6
3.8
5.3
56.2%
Percent Under Contract ........................................
22.0%
25.8%
27.1%
16.0%
-27.2%
Average Median Price for Last 12 Months ........
$859,768
$902,273
$935,550
$913,972
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
$860
AUG
$1,000,000
SEP OCT
MEDIAN SALES PRICE
NOV
$692
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Santa Monica DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$901,500
$852,000
$937,000
$900,000
-0.2%
Average Price per Square Foot ...........................
$875
$901
$980
$987
12.8%
Properties Sold .......................................................
22
10
23
19
-13.6%
Properties Pending Sale .......................................
34
23
15
39
14.7%
Properties For Sale ................................................
102
79
86
105
2.9%
Days on Market (Pending Sale) ...........................
48
48
30
26
-45.8%
Month’s Supply of Inventory ................................
4.6
7.9
3.7
5.5
19.2%
Percent Under Contract ........................................
33.3%
29.1%
17.4%
37.1%
11.4%
Average Median Price for Last 12 Months ........
$950,820
$924,500
$1,000,000
$909,865
-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
$901
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$987
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Sherman Oaks DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$473,000
$444,000
$480,000
$508,000
7.4%
Average Price per Square Foot ...........................
$379
$357
$360
$372
-1.8%
Properties Sold .......................................................
23
16
22
23
0.0%
Properties Pending Sale .......................................
29
18
40
32
10.3%
Properties For Sale ................................................
49
29
34
24
-51.0%
Days on Market (Pending Sale) ...........................
49
27
60
58
18.4%
Month’s Supply of Inventory ................................
2.1
1.8
1.5
1
-51.0%
Percent Under Contract ........................................
59.2%
62.1%
117.6%
133.3%
125.3%
Average Median Price for Last 12 Months ........
$451,000
$488,167
$499,333
$467,846
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
$473
AUG
$508,000
SEP OCT
MEDIAN SALES PRICE
NOV
$372
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Studio City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$575,000
$484,000
$635,000
$715,000
24.3%
Average Price per Square Foot ...........................
$451
$405
$447
$480
6.4%
Properties Sold .......................................................
17
6
13
19
11.8%
Properties Pending Sale .......................................
19
9
15
21
10.5%
Properties For Sale ................................................
32
23
22
21
-34.4%
Days on Market (Pending Sale) ...........................
57
41
72
50
-12.3%
Month’s Supply of Inventory ................................
1.9
3.8
1.7
0
%
Percent Under Contract ........................................
59.4%
39.1%
68.2%
100.0%
68.4%
Average Median Price for Last 12 Months ........
$534,333
$625,500
$680,667
$597,923
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUL
$575
AUG
$715,000
SEP OCT
MEDIAN SALES PRICE
NOV
$480
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
No sales MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Venice DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$1,250,000
$0
$1,275,000
$1,243,500
-0.5%
Average Price per Square Foot ...........................
$992
$0
$888
$1,288
29.8%
Properties Sold .......................................................
3
0
3
2
-33.3%
Properties Pending Sale .......................................
1
5
4
1
0.0%
Properties For Sale ................................................
14
13
10
18
28.6%
Days on Market (Pending Sale) ...........................
69
36
45
63
-8.7%
Month’s Supply of Inventory ................................
4.7
n/a
3.3
9
92.9%
Percent Under Contract ........................................
7.1%
38.5%
40.0%
5.6%
-22.2%
Average Median Price for Last 12 Months ........
$1,132,000
$1,181,833
$1,141,167
$1,173,458
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
$1.250
AUG
$1,243,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,288
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.243 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
West Hollywood DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$692,500
$619,000
$605,000
$684,500
-1.2%
Average Price per Square Foot ...........................
$641
$619
$627
$642
0.2%
Properties Sold .......................................................
28
24
33
26
-7.1%
Properties Pending Sale .......................................
35
31
26
36
2.9%
Properties For Sale ................................................
133
108
116
132
-0.8%
Days on Market (Pending Sale) ...........................
30
24
24
34
13.3%
Month’s Supply of Inventory ................................
4.8
4.5
3.5
5.1
6.9%
Percent Under Contract ........................................
26.3%
28.7%
22.4%
27.3%
3.6%
Average Median Price for Last 12 Months ........
$642,063
$675,000
$691,667
$682,885
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
$692
AUG
$684,500
SEP OCT
MEDIAN SALES PRICE
NOV
$642
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
West LA DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$773,000
$805,000
$817,000
$700,000
-9.4%
Average Price per Square Foot ...........................
$525
$570
$558
$596
13.5%
Properties Sold .......................................................
15
11
5
13
-13.3%
Properties Pending Sale .......................................
20
6
12
13
-35.0%
Properties For Sale ................................................
45
21
31
31
-31.1%
Days on Market (Pending Sale) ...........................
22
70
18
21
-4.5%
Month’s Supply of Inventory ................................
3
1.9
6.2
2.4
-20.5%
Percent Under Contract ........................................
44.4%
28.6%
38.7%
41.9%
-5.6%
Average Median Price for Last 12 Months ........
$721,474
$746,225
$760,333
$770,412
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
$773
AUG
$700,000
SEP OCT
MEDIAN SALES PRICE
NOV
$596
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
Westwood - Century City DATA*
Jul 2016
6 month
3 month
Jul 2017
% change
Median Price ..........................................................
$725,000
$895,000
$785,000
$897,500
23.8%
Average Price per Square Foot ...........................
$571
$655
$655
$680
19.1%
Properties Sold .......................................................
41
25
35
42
2.4%
Properties Pending Sale .......................................
51
45
48
35
-31.4%
Properties For Sale ................................................
233
198
212
196
-15.9%
Days on Market (Pending Sale) ...........................
45
25
56
55
22.2%
Month’s Supply of Inventory ................................
5.7
7.9
6.1
4.7
-17.9%
Percent Under Contract ........................................
21.9%
22.7%
22.6%
17.9%
-18.4%
Average Median Price for Last 12 Months ........
$789,627
$855,292
$905,833
$849,942
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
$725
AUG
$897,500
SEP OCT
MEDIAN SALES PRICE
NOV
$680
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$897 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : July 2017
telesproperties.com
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