MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH July 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months 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 PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
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 TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : July 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : July 2018
LOS ANGELES COUNTY MACRO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$645,000
$605,000
$650,000
$674,000
4.5%
Average Price per Square Foot ..............
$485
$466
$506
$500
3.1%
Properties Sold ...................................
4300
2945
3949
4275
-0.6%
Properties Pending Sale .......................
4942
3670
4774
4744
-4.0%
Properties For Sale ..............................
17,912
13,607
16,050
18,543
3.5%
Days on Market (Pending Sale) .............
36
43
33
35
-2.8%
Month’s Supply of Inventory .................
4.2
4.6
4.1
4.3
4.1%
Percent Under Contract .......................
27.6%
27.0%
29.7%
25.6%
-7.3%
$598,625
$660,500
$674,333
$641,700
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $645
JUL AUG
$674,000
SEP OCT
MEDIAN SALES PRICE
NOV
$500
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$674 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEL-AIR HOLMBY HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,070,000
$7,372,500
$3,100,000
$1,660,000
-19.8%
Average Price per Square Foot ..............
$643
$1,388
$1,215
$848
31.9%
Properties Sold ...................................
12
8
9
14
16.7%
Properties Pending Sale .......................
21
9
17
12
-42.9%
Properties For Sale ..............................
180
135
172
188
4.4%
Days on Market (Pending Sale) .............
71
121
57
54
-23.9%
Month’s Supply of Inventory .................
15
16.9
19.1
13.4
-10.5%
Percent Under Contract .......................
11.7%
6.7%
9.9%
6.4%
-45.3%
$2,116,944
$2,307,917
$2,099,167
$2,776,520
23.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.070
AUG
$1,660,000
SEP OCT
MEDIAN SALES PRICE
NOV
$848
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.660 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,479,200
$1,804,438
$1,995,000
$1,594,137
7.8%
Average Price per Square Foot ..............
$699
$820
$884
$814
16.5%
Properties Sold ...................................
17
10
15
11
-35.3%
Properties Pending Sale .......................
18
14
16
18
0.0%
Properties For Sale ..............................
96
70
62
68
-29.2%
Days on Market (Pending Sale) .............
52
62
54
39
-25.0%
Month’s Supply of Inventory .................
5.6
7
4.1
6.2
9.5%
Percent Under Contract .......................
18.8%
20.0%
25.8%
26.5%
41.2%
$1,660,905
$1,794,646
$1,679,292
$1,696,693
2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.479
AUG
$1,594,137
SEP OCT
MEDIAN SALES PRICE
NOV
$814
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.594 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEVERLY HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$4,800,000
$7,224,000
$4,293,500
$6,024,875
25.5%
Average Price per Square Foot ..............
$1,498
$1,358
$1,638
$1,328
-11.3%
Properties Sold ...................................
11
8
10
10
-9.1%
Properties Pending Sale .......................
9
7
6
16
77.8%
Properties For Sale ..............................
120
94
102
136
13.3%
Days on Market (Pending Sale) .............
50
69
40
83
66.0%
Month’s Supply of Inventory .................
10.9
11.8
10.2
13.6
24.7%
Percent Under Contract .......................
7.5%
7.4%
5.9%
11.8%
56.9%
$5,132,680
$5,480,396
$6,403,292
$5,641,317
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$4.800
AUG
$6,024,875
SEP OCT
MEDIAN SALES PRICE
NOV
$1,328
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$6.024 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEVERLY HILLS- POST OFFICE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,262,500
$2,301,000
$2,375,000
$2,620,000
15.8%
Average Price per Square Foot ..............
$854
$857
$1,098
$1,084
26.9%
Properties Sold ...................................
16
8
13
13
-18.8%
Properties Pending Sale .......................
15
10
12
17
13.3%
Properties For Sale ..............................
179
154
163
182
1.7%
Days on Market (Pending Sale) .............
84
120
107
68
-19.0%
Month’s Supply of Inventory .................
11.2
19.2
12.5
14
25.1%
Percent Under Contract .......................
8.4%
6.5%
7.4%
9.3%
11.5%
$3,122,137
$2,697,833
$3,035,833
$2,908,885
-7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.262
AUG
$2,620,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,084
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
14 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.620 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEVERLYWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,754,500
$1,674,500
$1,466,250
$1,269,000
-27.7%
Average Price per Square Foot ..............
$685
$802
$858
$787
14.9%
Properties Sold ...................................
8
10
16
15
87.5%
Properties Pending Sale .......................
14
9
11
17
21.4%
Properties For Sale ..............................
42
45
50
56
33.3%
Days on Market (Pending Sale) .............
24
38
37
44
83.3%
Month’s Supply of Inventory .................
5.2
4.5
3.1
3.7
-28.9%
Percent Under Contract .......................
33.3%
20.0%
22.0%
30.4%
-8.9%
$1,320,798
$1,525,467
$1,552,167
$1,538,792
14.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.754
JUL AUG
$1,269,000
SEP OCT
MEDIAN SALES PRICE
NOV
$787
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.269 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BRENTWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,890,000
$3,064,550
$2,550,000
$2,975,000
2.9%
Average Price per Square Foot ..............
$1,154
$888
$1,039
$1,318
14.2%
Properties Sold ...................................
24
16
15
31
29.2%
Properties Pending Sale .......................
27
18
26
27
0.0%
Properties For Sale ..............................
144
127
159
169
17.4%
Days on Market (Pending Sale) .............
45
88
40
46
2.2%
Month’s Supply of Inventory .................
6
7.9
10.6
5.5
-9.1%
Percent Under Contract .......................
18.8%
14.2%
16.4%
16.0%
-14.8%
$3,185,598
$3,203,333
$3,408,333
$3,269,773
2.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.890
AUG
$2,975,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,318
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,638,000
$1,375,000
$2,180,000
$1,950,000
19.0%
Average Price per Square Foot ..............
$841
$1,024
$767
$881
4.8%
Properties Sold ...................................
7
3
3
7
0.0%
Properties Pending Sale .......................
8
3
10
7
-12.5%
Properties For Sale ..............................
30
21
26
32
6.7%
Days on Market (Pending Sale) .............
34
43
19
21
-38.2%
Month’s Supply of Inventory .................
4.3
7
8.7
4.6
6.7%
Percent Under Contract .......................
26.7%
14.3%
38.5%
21.9%
-18.0%
$1,972,208
$2,322,167
$2,350,500
$2,078,252
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.638
AUG
$1,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
$881
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.950 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CULVER CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,234,000
$1,225,000
$1,880,000
$1,261,000
2.2%
Average Price per Square Foot ..............
$822
$779
$700
$859
4.5%
Properties Sold ...................................
22
13
22
27
22.7%
Properties Pending Sale .......................
24
8
19
20
-16.7%
Properties For Sale ..............................
66
36
64
67
1.5%
Days on Market (Pending Sale) .............
19
49
20
29
52.6%
Month’s Supply of Inventory .................
3
2.8
2.9
2.5
-17.3%
Percent Under Contract .......................
36.4%
22.2%
29.7%
29.9%
-17.9%
$1,155,646
$1,463,065
$1,303,733
$1,318,645
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.234
AUG
$1,261,000
SEP OCT
MEDIAN SALES PRICE
NOV
$859
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.261 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DOWNTOWN
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$380,000
$356,430
$399,500
$345,000
-9.2%
Average Price per Square Foot ..............
$342
$296
$359
$388
13.5%
Properties Sold ...................................
9
12
8
9
0.0%
Properties Pending Sale .......................
11
14
8
11
0.0%
Properties For Sale ..............................
54
49
46
48
-11.1%
Days on Market (Pending Sale) .............
95
29
39
64
-32.6%
Month’s Supply of Inventory .................
6
4.1
5.8
5.3
-11.1%
Percent Under Contract .......................
20.4%
28.6%
17.4%
22.9%
12.5%
$357,257
$396,500
$392,333
$394,995
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$380
AUG
$345,000
SEP OCT
MEDIAN SALES PRICE
NOV
$388
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$345 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HANCOCK PARK - WILSHIRE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,461,500
$1,899,000
$1,627,250
$1,787,275
22.3%
Average Price per Square Foot ..............
$738
$578
$806
$842
14.1%
Properties Sold ...................................
24
15
20
29
20.8%
Properties Pending Sale .......................
21
18
33
24
14.3%
Properties For Sale ..............................
106
86
105
116
9.4%
Days on Market (Pending Sale) .............
30
47
37
30
0.0%
Month’s Supply of Inventory .................
4.4
5.7
5.2
4
-9.4%
Percent Under Contract .......................
19.8%
20.9%
31.4%
20.7%
4.4%
$1,661,730
$1,683,254
$1,804,092
$1,723,793
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.461
AUG
$1,787,275
SEP OCT
MEDIAN SALES PRICE
NOV
$842
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.787 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HOLLYWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$833,875
$750,000
$927,500
$1,385,000
66.1%
Average Price per Square Foot ..............
$669
$574
$612
$705
5.4%
Properties Sold ...................................
6
5
7
9
50.0%
Properties Pending Sale .......................
12
8
12
9
-25.0%
Properties For Sale ..............................
50
39
55
43
-14.0%
Days on Market (Pending Sale) .............
32
37
24
52
62.5%
Month’s Supply of Inventory .................
8.3
7.8
7.9
4.8
-42.7%
Percent Under Contract .......................
24.0%
20.5%
21.8%
20.9%
-12.8%
$898,327
$1,173,667
$1,230,667
$1,058,144
15.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$833
AUG
$1,385,000
SEP OCT
MEDIAN SALES PRICE
NOV
$705
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.385 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HOLLYWOOD HILLS EAST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,680,000
$1,249,000
$1,525,000
$1,428,000
-15.0%
Average Price per Square Foot ..............
$653
$582
$655
$659
0.9%
Properties Sold ...................................
21
7
15
15
-28.6%
Properties Pending Sale .......................
13
15
18
12
-7.7%
Properties For Sale ..............................
89
75
70
77
-13.5%
Days on Market (Pending Sale) .............
76
42
51
43
-43.4%
Month’s Supply of Inventory .................
6.8
5
3.9
5.1
-25.0%
Percent Under Contract .......................
14.6%
20.0%
25.7%
15.6%
6.7%
$1,424,516
$1,513,417
$1,452,667
$1,491,308
4.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.680
JUL AUG
$1,428,000
SEP OCT
MEDIAN SALES PRICE
NOV
$659
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.428 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
INGLEWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$549,000
$625,000
$615,000
$562,500
2.5%
Average Price per Square Foot ..............
$400
$400
$426
$445
11.2%
Properties Sold ...................................
19
11
18
20
5.3%
Properties Pending Sale .......................
28
18
22
22
-21.4%
Properties For Sale ..............................
69
66
70
64
-7.2%
Days on Market (Pending Sale) .............
27
32
34
43
59.3%
Month’s Supply of Inventory .................
2.5
3.7
3.2
3.2
29.9%
Percent Under Contract .......................
40.6%
27.3%
31.4%
34.4%
-15.3%
$494,815
$581,583
$595,833
$571,523
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$549
AUG
$562,500
SEP OCT
MEDIAN SALES PRICE
NOV
$445
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$562 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LADERA HEIGHTS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$912,500
$1,452,850
$1,234,500
$0
-100.0%
Average Price per Square Foot ..............
$447
$513
$458
$0
-100.0%
Properties Sold ...................................
4
2
6
0
-100.0%
Properties Pending Sale .......................
7
3
3
0
-100.0%
Properties For Sale ..............................
23
20
14
17
-26.1%
Days on Market (Pending Sale) .............
55
24
136
0
-100.0%
Month’s Supply of Inventory .................
3.3
6.7
4.7
n/a
n/a
Percent Under Contract .......................
30.4%
15.0%
21.4%
0.0%
-100.0%
$1,058,521
$1,186,500
$1,185,500
$1,212,900
12.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$912
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LAUREL CANYON
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,800,000
$2,050,000
$1,920,000
$1,800,000
0.0%
Average Price per Square Foot ..............
$809
$863
$1,169
$817
1.0%
Properties Sold ...................................
27
19
31
18
-33.3%
Properties Pending Sale .......................
24
16
27
25
4.2%
Properties For Sale ..............................
163
139
166
194
19.0%
Days on Market (Pending Sale) .............
70
50
26
66
-5.7%
Month’s Supply of Inventory .................
6.8
8.7
6.1
7.8
14.3%
Percent Under Contract .......................
14.7%
11.5%
16.3%
12.9%
-12.5%
$1,707,861
$1,853,458
$1,609,000
$1,789,865
4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.800
AUG
$1,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$817
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LOS FELIZ
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,950,000
$2,000,000
$1,880,000
$1,983,500
1.7%
Average Price per Square Foot ..............
$762
$763
$700
$872
14.4%
Properties Sold ...................................
17
13
22
14
-17.6%
Properties Pending Sale .......................
19
9
19
20
5.3%
Properties For Sale ..............................
100
74
64
78
-22.0%
Days on Market (Pending Sale) .............
103
39
20
31
-69.9%
Month’s Supply of Inventory .................
5.3
8.2
3.4
5.6
5.9%
Percent Under Contract .......................
19.0%
12.2%
29.7%
25.6%
35.0%
$1,655,826
$1,846,417
$1,924,500
$1,807,846
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.950
AUG
$1,983,500
SEP OCT
MEDIAN SALES PRICE
NOV
$872
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.983 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MALIBU
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$3,050,000
$2,445,500
$3,462,500
$2,175,000
-28.7%
Average Price per Square Foot ..............
$898
$777
$944
$739
-17.7%
Properties Sold ...................................
21
12
14
14
-33.3%
Properties Pending Sale .......................
12
10
18
23
91.7%
Properties For Sale ..............................
219
187
215
240
9.6%
Days on Market (Pending Sale) .............
116
106
55
61
-47.4%
Month’s Supply of Inventory .................
10.4
15.6
15.4
17.1
64.4%
Percent Under Contract .......................
5.5%
5.3%
8.4%
9.6%
74.9%
$2,799,675
$2,718,750
$2,906,667
$2,669,356
-4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.050
JUL AUG
$2,175,000
SEP OCT
MEDIAN SALES PRICE
NOV
$739
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
17.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MALIBU BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$9,900,000
$5,723,807
$10,750,000
$4,380,000
-55.8%
Average Price per Square Foot ..............
$2,750
$1,963
$2,684
$3,303
20.1%
Properties Sold ...................................
4
6
6
3
-25.0%
Properties Pending Sale .......................
4
6
7
4
0.0%
Properties For Sale ..............................
94
73
87
87
-7.4%
Days on Market (Pending Sale) .............
132
159
130
115
-12.9%
Month’s Supply of Inventory .................
23.5
12.2
14.5
29
23.4%
Percent Under Contract .......................
4.3%
8.2%
8.0%
4.6%
8.0%
$8,017,312
$6,798,750
$5,197,500
$8,068,754
0.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $9.900
JUL AUG
$4,380,000
SEP OCT
MEDIAN SALES PRICE
NOV
$3,303
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
29 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.380 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MARINA DEL REY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,030,000
$1,605,000
$1,525,000
$1,196,500
16.2%
Average Price per Square Foot ..............
$764
$801
$773
$1,114
45.8%
Properties Sold ...................................
11
4
8
4
-63.6%
Properties Pending Sale .......................
10
7
5
9
-10.0%
Properties For Sale ..............................
41
33
33
47
14.6%
Days on Market (Pending Sale) .............
34
106
12
29
-14.7%
Month’s Supply of Inventory .................
3.7
8.2
4.1
11.8
215.2%
Percent Under Contract .......................
24.4%
21.2%
15.2%
19.1%
-21.5%
$1,341,085
$1,486,046
$1,438,500
$1,539,483
12.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.030
AUG
$1,196,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,114
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.196 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MID LOS ANGELES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$800,000
$660,400
$780,000
$900,000
12.5%
Average Price per Square Foot ..............
$452
$458
$497
$525
16.2%
Properties Sold ...................................
37
22
35
25
-32.4%
Properties Pending Sale .......................
29
29
41
33
13.8%
Properties For Sale ..............................
110
106
118
121
10.0%
Days on Market (Pending Sale) .............
31
49
30
24
-22.6%
Month’s Supply of Inventory .................
3
4.8
3.4
4.8
62.8%
Percent Under Contract .......................
26.4%
27.4%
34.7%
27.3%
3.4%
$656,315
$819,742
$861,817
$767,642
14.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$800
AUG
$900,000
SEP OCT
MEDIAN SALES PRICE
NOV
$525
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MID WILSHIRE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,250,000
$1,175,000
$1,150,000
$1,250,000
0.0%
Average Price per Square Foot ..............
$456
$835
$770
$649
42.3%
Properties Sold ...................................
5
1
4
4
-20.0%
Properties Pending Sale .......................
3
2
3
7
133.3%
Properties For Sale ..............................
21
23
23
42
100.0%
Days on Market (Pending Sale) .............
17
54
20
28
64.7%
Month’s Supply of Inventory .................
4.2
23
5.8
10.5
150.0%
Percent Under Contract .......................
14.3%
8.7%
13.0%
16.7%
16.7%
$908,325
$1,109,500
$1,121,667
$1,079,917
15.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.250
JUL AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$649
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PACIFIC PALISADES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$4,690,000
$2,843,000
$3,553,000
$3,232,500
-31.1%
Average Price per Square Foot ..............
$1,254
$1,261
$1,191
$1,141
-9.0%
Properties Sold ...................................
20
10
23
22
10.0%
Properties Pending Sale .......................
30
16
25
19
-36.7%
Properties For Sale ..............................
124
109
108
118
-4.8%
Days on Market (Pending Sale) .............
52
71
60
41
-21.2%
Month’s Supply of Inventory .................
6.2
10.9
4.7
5.4
-13.5%
Percent Under Contract .......................
24.2%
14.7%
23.1%
16.1%
-33.4%
$3,242,705
$3,395,974
$3,228,333
$3,337,477
2.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $4.690
JUL AUG
$3,232,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,141
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.232 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PALMS - MAR VISTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,520,000
$1,555,750
$1,740,320
$1,656,000
8.9%
Average Price per Square Foot ..............
$820
$777
$848
$845
3.0%
Properties Sold ...................................
34
22
36
31
-8.8%
Properties Pending Sale .......................
25
27
29
26
4.0%
Properties For Sale ..............................
90
71
85
110
22.2%
Days on Market (Pending Sale) .............
31
29
30
30
-3.2%
Month’s Supply of Inventory .................
2.6
3.2
2.4
3.5
34.1%
Percent Under Contract .......................
27.8%
38.0%
34.1%
23.6%
-14.9%
$1,462,168
$1,584,387
$1,518,667
$1,559,279
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.520
AUG
$1,656,000
SEP OCT
MEDIAN SALES PRICE
NOV
$845
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.656 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PLAYA DEL REY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,807,500
$1,850,000
$2,042,500
$1,470,000
-18.7%
Average Price per Square Foot ..............
$647
$622
$508
$670
3.6%
Properties Sold ...................................
3
3
6
4
33.3%
Properties Pending Sale .......................
1
5
7
4
300.0%
Properties For Sale ..............................
16
27
32
28
75.0%
Days on Market (Pending Sale) .............
21
24
27
24
14.3%
Month’s Supply of Inventory .................
5.3
9
5.3
7
31.2%
Percent Under Contract .......................
6.2%
18.5%
21.9%
14.3%
128.6%
$1,470,604
$1,673,213
$1,523,333
$1,631,312
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.807
AUG
$1,470,000
SEP OCT
MEDIAN SALES PRICE
NOV
$670
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.470 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PLAYA VISTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,640,000
$3,135,000
$2,013,500
$2,127,500
29.7%
Average Price per Square Foot ..............
$563
$907
$610
$887
57.5%
Properties Sold ...................................
2
2
2
2
0.0%
Properties Pending Sale .......................
2
1
2
0
-100.0%
Properties For Sale ..............................
13
8
10
9
-30.8%
Days on Market (Pending Sale) .............
28
3
128
0
-100.0%
Month’s Supply of Inventory .................
6.5
4
5
0
-100.0%
Percent Under Contract .......................
15.4%
12.5%
20.0%
0.0%
-100.0%
$1,506,667
$2,569,950
$2,925,333
$2,581,118
71.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.640
AUG
$2,127,500
SEP OCT
MEDIAN SALES PRICE
NOV
$887
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
NO SALES MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.127 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA MONICA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$3,785,000
$2,111,000
$4,210,000
$3,072,500
-18.8%
Average Price per Square Foot ..............
$1,113
$1,352
$1,239
$1,280
15.0%
Properties Sold ...................................
18
7
15
16
-11.1%
Properties Pending Sale .......................
17
13
21
20
17.6%
Properties For Sale ..............................
87
80
102
108
24.1%
Days on Market (Pending Sale) .............
23
55
34
38
65.2%
Month’s Supply of Inventory .................
4.8
11.4
6.8
6.8
39.7%
Percent Under Contract .......................
19.5%
16.2%
20.6%
18.5%
-5.2%
$2,516,870
$3,077,458
$2,995,833
$3,121,058
19.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$3.785
AUG
$3,072,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,280
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.072 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,939,500
$1,870,000
$1,920,000
$2,225,000
14.7%
Average Price per Square Foot ..............
$853
$787
$1,059
$960
12.5%
Properties Sold ...................................
42
27
43
38
-9.5%
Properties Pending Sale .......................
38
36
39
39
2.6%
Properties For Sale ..............................
358
317
364
373
4.2%
Days on Market (Pending Sale) .............
62
50
53
79
27.4%
Month’s Supply of Inventory .................
8.5
11.7
8.5
9.8
15.2%
Percent Under Contract .......................
10.6%
11.4%
10.7%
10.5%
-1.5%
$1,809,145
$2,056,875
$1,955,833
$1,921,846
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.939
AUG
$2,225,000
SEP OCT
MEDIAN SALES PRICE
NOV
$960
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
VENICE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,787,500
$2,050,000
$2,000,000
$2,062,500
-26.0%
Average Price per Square Foot ..............
$1,169
$1,119
$958
$1,293
10.6%
Properties Sold ...................................
22
11
12
18
-18.2%
Properties Pending Sale .......................
19
14
22
21
10.5%
Properties For Sale ..............................
103
83
108
106
2.9%
Days on Market (Pending Sale) .............
34
42
57
35
2.9%
Month’s Supply of Inventory .................
4.7
7.5
9
5.9
25.8%
Percent Under Contract .......................
18.4%
16.9%
20.4%
19.8%
7.4%
$1,984,720
$2,174,833
$2,286,667
$2,148,019
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.787
JUL AUG
$2,062,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,293
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.062 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST HOLLYWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,769,500
$1,961,250
$1,705,000
$1,800,000
1.7%
Average Price per Square Foot ..............
$1,073
$1,049
$1,160
$930
-13.3%
Properties Sold ...................................
12
8
11
9
-25.0%
Properties Pending Sale .......................
11
3
16
10
-9.1%
Properties For Sale ..............................
51
45
61
67
31.4%
Days on Market (Pending Sale) .............
70
55
26
38
-45.7%
Month’s Supply of Inventory .................
4.2
5.6
5.5
7.4
75.2%
Percent Under Contract .......................
21.6%
6.7%
26.2%
14.9%
-30.8%
$1,638,303
$1,874,417
$1,693,000
$1,869,019
12.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.769
AUG
$1,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
$930
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST LOS ANGELES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,250,000
$1,233,075
$1,799,999
$1,506,000
20.5%
Average Price per Square Foot ..............
$755
$883
$748
$909
20.4%
Properties Sold ...................................
15
6
9
10
-33.3%
Properties Pending Sale .......................
8
8
13
14
75.0%
Properties For Sale ..............................
39
33
48
60
53.8%
Days on Market (Pending Sale) .............
23
45
42
27
17.4%
Month’s Supply of Inventory .................
2.6
5.5
5.3
6
130.8%
Percent Under Contract .......................
20.5%
24.2%
27.1%
23.3%
13.8%
$1,047,604
$1,417,417
$1,350,167
$1,349,833
28.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,506,000
SEP OCT
MEDIAN SALES PRICE
NOV
$909
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.506 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WESTCHESTER
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,192,500
$1,047,544
$1,247,240
$1,230,000
3.1%
Average Price per Square Foot ..............
$661
$682
$732
$723
9.4%
Properties Sold ...................................
32
20
32
27
-15.6%
Properties Pending Sale .......................
39
22
30
29
-25.6%
Properties For Sale ..............................
104
64
95
96
-7.7%
Days on Market (Pending Sale) .............
30
46
23
30
0.0%
Month’s Supply of Inventory .................
3.2
3.2
3
3.6
9.4%
Percent Under Contract .......................
37.5%
34.4%
31.6%
30.2%
-19.4%
$1,096,771
$1,246,311
$1,288,542
$1,209,262
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.192
AUG
$1,230,000
SEP OCT
MEDIAN SALES PRICE
NOV
$723
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.230 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WESTWOOD - CENTURY CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,022,499
$2,235,500
$2,247,500
$2,490,000
23.1%
Average Price per Square Foot ..............
$886
$1,009
$862
$956
7.9%
Properties Sold ...................................
10
11
18
13
30.0%
Properties Pending Sale .......................
12
13
17
13
8.3%
Properties For Sale ..............................
56
59
60
58
3.6%
Days on Market (Pending Sale) .............
30
27
40
40
33.3%
Month’s Supply of Inventory .................
5.6
5.4
3.3
4.5
-20.3%
Percent Under Contract .......................
21.4%
22.0%
28.3%
22.4%
4.6%
$1,938,892
$2,330,333
$2,222,333
$2,242,201
15.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.022
AUG
$2,490,000
SEP OCT
MEDIAN SALES PRICE
NOV
$956
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.490 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SOUTH BAY MACRO MARKET
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,171,000
$1,200,000
$1,180,000
$1,150,000
-1.8%
Average Price per Square Foot ..............
$662
$672
$689
$695
5.0%
Properties Sold ...................................
257
136
209
236
-8.2%
Properties Pending Sale .......................
288
192
256
237
-17.7%
Properties For Sale ..............................
1,058
607
830
927
-12.4%
Days on Market (Pending Sale) .............
31
45
33
35
10.8%
Month’s Supply of Inventory .................
4.1
4.5
4
3.9
-4.6%
Percent Under Contract .......................
27.2%
31.6%
30.8%
25.6%
-6.1%
$1,286,257
$1,185,817
$1,188,300
$1,394,974
8.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$695
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.150 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EL SEGUNDO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,385,500
$1,555,000
$1,217,000
$1,307,000
-5.7%
Average Price per Square Foot ..............
$621
$632
$721
$667
7.4%
Properties Sold ...................................
8
3
12
6
-25.0%
Properties Pending Sale .......................
10
8
6
7
-30.0%
Properties For Sale ..............................
27
18
18
29
7.4%
Days on Market (Pending Sale) .............
31
39
22
45
45.2%
Month’s Supply of Inventory .................
3.4
0
1.5
4.8
43.2%
Percent Under Contract .......................
37.0%
44.4%
33.3%
24.1%
-34.8%
$1,290,506
$1,346,500
$1,284,833
$1,338,077
3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.385
AUG
$1,307,000
SEP OCT
MEDIAN SALES PRICE
NOV
$667
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.307 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HERMOSA BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,199,000
$2,002,500
$3,050,000
$1,775,000
-19.3%
Average Price per Square Foot ..............
$867
$1,596
$1,147
$1,072
23.6%
Properties Sold ...................................
7
10
9
11
57.1%
Properties Pending Sale .......................
10
5
12
3
-70.0%
Properties For Sale ..............................
53
29
50
39
-26.4%
Days on Market (Pending Sale) .............
27
37
55
44
63.0%
Month’s Supply of Inventory .................
7.6
2.9
5.6
3.5
-53.2%
Percent Under Contract .......................
18.9%
17.2%
24.0%
7.7%
-59.2%
$1,888,346
$2,113,604
$2,077,375
$2,068,510
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.199
AUG
$1,775,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,072
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MANHATTAN BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,525,000
$2,315,000
$2,400,000
$2,357,000
-6.7%
Average Price per Square Foot ..............
$979
$1,161
$1,065
$1,085
10.8%
Properties Sold ...................................
34
16
18
32
-5.9%
Properties Pending Sale .......................
30
17
24
36
20.0%
Properties For Sale ..............................
146
76
121
130
-11.0%
Days on Market (Pending Sale) .............
38
50
26
55
44.7%
Month’s Supply of Inventory .................
4.3
4.8
6.7
4.1
-5.4%
Percent Under Contract .......................
20.5%
22.4%
19.8%
27.7%
34.8%
$2,254,375
$2,457,833
$2,619,000
$2,493,577
10.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$2,357,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,085
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.357 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PALOS VERDES ESTATES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,199,000
$1,607,500
$1,725,000
$1,741,500
-20.8%
Average Price per Square Foot ..............
$827
$738
$664
$708
-14.4%
Properties Sold ...................................
13
12
14
24
84.6%
Properties Pending Sale .......................
22
15
26
12
-45.5%
Properties For Sale ..............................
107
59
90
85
-20.6%
Days on Market (Pending Sale) .............
40
68
58
61
52.5%
Month’s Supply of Inventory .................
8.2
4.9
6.4
3.5
-57.0%
Percent Under Contract .......................
20.6%
25.4%
28.9%
14.1%
-31.3%
$1,971,800
$1,916,167
$2,034,333
$1,858,635
-5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.199
JUL AUG
$1,741,500
SEP OCT
MEDIAN SALES PRICE
NOV
$708
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.741 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
RANCHO PALOS VERDES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,410,000
$1,322,525
$1,322,500
$1,275,000
-9.6%
Average Price per Square Foot ..............
$566
$561
$656
$627
10.8%
Properties Sold ...................................
52
23
30
33
-36.5%
Properties Pending Sale .......................
36
33
46
32
-11.1%
Properties For Sale ..............................
159
107
140
169
6.3%
Days on Market (Pending Sale) .............
32
56
54
46
43.8%
Month’s Supply of Inventory .................
3.1
4.7
4.7
5.1
67.5%
Percent Under Contract .......................
22.6%
30.8%
32.9%
18.9%
-16.4%
$1,302,542
$1,404,167
$1,467,500
$1,397,733
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.410
AUG
$1,275,000
SEP OCT
MEDIAN SALES PRICE
NOV
$627
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
REDONDO BEACH- NORTH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$855,000
$1,030,000
$1,155,000
$1,090,000
27.5%
Average Price per Square Foot ..............
$674
$594
$619
$592
-12.2%
Properties Sold ...................................
17
10
17
9
-47.1%
Properties Pending Sale .......................
18
21
7
18
0.0%
Properties For Sale ..............................
52
31
28
38
-26.9%
Days on Market (Pending Sale) .............
34
27
22
27
-20.6%
Month’s Supply of Inventory .................
3.1
3.1
1.6
4.2
38.0%
Percent Under Contract .......................
34.6%
67.7%
25.0%
47.4%
36.8%
$946,625
$1,097,333
$1,128,333
$1,040,769
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$855
AUG
$1,090,000
SEP OCT
MEDIAN SALES PRICE
NOV
$592
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.090 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
REDONDO BEACH- SOUTH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,287,000
$1,537,000
$1,716,000
$1,379,000
7.1%
Average Price per Square Foot ..............
$773
$648
$793
$721
-6.7%
Properties Sold ...................................
15
6
16
9
-40.0%
Properties Pending Sale .......................
23
9
16
12
-47.8%
Properties For Sale ..............................
66
33
49
43
-34.8%
Days on Market (Pending Sale) .............
27
74
36
23
-14.8%
Month’s Supply of Inventory .................
4.4
5.5
3.1
4.8
8.6%
Percent Under Contract .......................
34.8%
27.3%
32.7%
27.9%
-19.9%
$1,388,998
$1,644,771
$1,689,917
$1,561,240
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.287
AUG
$1,379,000
SEP OCT
MEDIAN SALES PRICE
NOV
$721
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.379 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ROLLING HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$4,275,000
$3,500,000
$1,915,000
$0
-100.0%
Average Price per Square Foot ..............
$887
$768
$635
$0
-100.0%
Properties Sold ...................................
3
3
2
0
-100.0%
Properties Pending Sale .......................
1
3
3
1
0.0%
Properties For Sale ..............................
32
30
37
41
28.1%
Days on Market (Pending Sale) .............
8
127
35
171
2037.5%
Month’s Supply of Inventory .................
10.7
10
18.5
n/a
n/a
Percent Under Contract .......................
3.1%
10.0%
8.1%
2.4%
-22.0%
$2,462,813
$2,380,200
$3,136,750
$2,925,056
18.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $4.275
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ROLLING HILLS ESTATES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,565,000
$1,850,000
$1,875,000
$2,357,500
50.6%
Average Price per Square Foot ..............
$621
$566
$596
$667
7.4%
Properties Sold ...................................
9
3
8
5
-44.4%
Properties Pending Sale .......................
6
5
4
4
-33.3%
Properties For Sale ..............................
39
18
21
31
-20.5%
Days on Market (Pending Sale) .............
94
93
37
32
-66.0%
Month’s Supply of Inventory .................
4.3
6
2.6
6.2
43.1%
Percent Under Contract .......................
15.4%
27.8%
19.0%
12.9%
-16.1%
$1,533,959
$1,794,667
$1,825,833
$1,688,538
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.565
AUG
$2,357,500
SEP OCT
MEDIAN SALES PRICE
NOV
$667
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.357 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN PEDRO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$699,000
$697,500
$680,000
$684,888
-2.0%
Average Price per Square Foot ..............
$452
$384
$442
$430
-4.9%
Properties Sold ...................................
33
11
27
24
-27.3%
Properties Pending Sale .......................
41
30
32
33
-19.5%
Properties For Sale ..............................
133
85
96
104
-21.8%
Days on Market (Pending Sale) .............
37
40
18
23
-37.8%
Month’s Supply of Inventory .................
4
7.7
3.6
4.3
7.5%
Percent Under Contract .......................
30.8%
35.3%
33.3%
31.7%
2.9%
$642,667
$676,315
$695,963
$668,607
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $699
JUL AUG
$684,888
SEP OCT
MEDIAN SALES PRICE
NOV
$430
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$684 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TORRANCE- COUNTY STRIP
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$550,000
$450,000
$613,500
$570,000
3.6%
Average Price per Square Foot ..............
$335
$534
$383
$437
30.4%
Properties Sold ...................................
2
1
4
7
250.0%
Properties Pending Sale .......................
8
3
4
6
-25.0%
Properties For Sale ..............................
24
14
11
15
-37.5%
Days on Market (Pending Sale) .............
21
141
4
16
-23.8%
Month’s Supply of Inventory .................
12
14
2.8
2.1
-82.1%
Percent Under Contract .......................
33.3%
21.4%
36.4%
40.0%
20.0%
$524,304
$577,333
$573,000
$555,115
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$550
AUG
$570,000
SEP OCT
MEDIAN SALES PRICE
NOV
$437
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$570 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TORRANCE- NORTH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$688,000
$697,500
$737,500
$729,500
6.0%
Average Price per Square Foot ..............
$441
$456
$475
$502
13.8%
Properties Sold ...................................
15
12
12
28
86.7%
Properties Pending Sale .......................
19
10
13
22
15.8%
Properties For Sale ..............................
43
23
35
54
25.6%
Days on Market (Pending Sale) .............
22
14
20
12
-45.5%
Month’s Supply of Inventory .................
2.9
1.9
2.9
1.9
-32.7%
Percent Under Contract .......................
44.2%
43.5%
37.1%
40.7%
-7.8%
$648,313
$728,542
$732,167
$704,288
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $688
JUL AUG
$729,500
SEP OCT
MEDIAN SALES PRICE
NOV
$502
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$729 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TORRANCE- SOUTH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$977,500
$981,500
$901,000
$960,000
-1.8%
Average Price per Square Foot ..............
$585
$555
$634
$565
-3.4%
Properties Sold ...................................
16
8
15
19
18.8%
Properties Pending Sale .......................
29
14
30
18
-37.9%
Properties For Sale ..............................
84
35
59
62
-26.2%
Days on Market (Pending Sale) .............
22
15
16
25
13.6%
Month’s Supply of Inventory .................
5.2
4.4
3.9
3.3
-37.8%
Percent Under Contract .......................
34.5%
40.0%
50.8%
29.0%
-15.9%
$920,928
$972,167
$972,333
$967,731
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $977
JUL AUG
$960,000
SEP OCT
MEDIAN SALES PRICE
NOV
$565
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TORRANCE- SOUTHEAST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$749,500
$660,000
$742,500
$733,822
-2.1%
Average Price per Square Foot ..............
$414
$531
$443
$428
3.4%
Properties Sold ...................................
18
6
12
14
-22.2%
Properties Pending Sale .......................
20
11
14
21
5.0%
Properties For Sale ..............................
55
31
39
50
-9.1%
Days on Market (Pending Sale) .............
26
31
28
33
26.9%
Month’s Supply of Inventory .................
3.1
5.2
3.2
3.6
16.9%
Percent Under Contract .......................
36.4%
35.5%
35.9%
42.0%
15.5%
$664,208
$723,387
$708,607
$732,562
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $749
JUL AUG
$733,822
SEP OCT
MEDIAN SALES PRICE
NOV
$428
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$733 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TORRANCE- WEST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$900,000
$875,000
$984,750
$1,010,000
12.2%
Average Price per Square Foot ..............
$522
$534
$549
$560
7.3%
Properties Sold ...................................
15
12
13
15
0.0%
Properties Pending Sale .......................
15
8
19
12
-20.0%
Properties For Sale ..............................
38
18
36
37
-2.6%
Days on Market (Pending Sale) .............
18
21
10
16
-11.1%
Month’s Supply of Inventory .................
2.5
1.5
2.8
2.5
-2.6%
Percent Under Contract .......................
39.5%
44.4%
52.8%
32.4%
-17.8%
$853,479
$954,458
$959,667
$924,173
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,010,000
SEP OCT
MEDIAN SALES PRICE
NOV
$560
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.010 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$900,000
$927,500
$1,014,000
$990,000
10.0%
Average Price per Square Foot ..............
$483
$486
$515
$504
4.3%
Properties Sold ...................................
514
328
472
543
5.6%
Properties Pending Sale .......................
637
415
579
569
-10.7%
Properties For Sale ..............................
1,268
822
1,094
1,348
6.3%
Days on Market (Pending Sale) .............
50
54
47
38
-23.7%
Month’s Supply of Inventory .................
2.5
2.5
2.3
2.5
0.6%
Percent Under Contract .......................
50.2%
50.5%
52.9%
42.2%
-16.0%
$940,060
$1,008,075
$996,650
$976,935
3.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$990,000
SEP OCT
MEDIAN SALES PRICE
NOV
$504
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$990 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
AGOURA HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,070,000
$790,000
$847,000
$968,000
-9.5%
Average Price per Square Foot ..............
$423
$412
$470
$405
-4.3%
Properties Sold ...................................
30
14
13
20
-33.3%
Properties Pending Sale .......................
30
20
18
25
-16.7%
Properties For Sale ..............................
59
44
48
67
13.6%
Days on Market (Pending Sale) .............
71
93
53
78
9.9%
Month’s Supply of Inventory .................
2
3.1
3.7
3.4
70.3%
Percent Under Contract .......................
50.8%
45.5%
37.5%
37.3%
-26.6%
$928,333
$963,333
$1,029,333
$952,769
2.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.070
JUL AUG
$968,000
SEP OCT
MEDIAN SALES PRICE
NOV
$405
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$968 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BURBANK
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$760,000
$825,000
$871,000
$856,000
12.6%
Average Price per Square Foot ..............
$534
$485
$535
$547
2.4%
Properties Sold ...................................
47
37
35
59
25.5%
Properties Pending Sale .......................
57
32
55
56
-1.8%
Properties For Sale ..............................
84
45
54
91
8.3%
Days on Market (Pending Sale) .............
37
56
30
33
-10.8%
Month’s Supply of Inventory .................
1.8
1.2
1.5
1.5
-13.7%
Percent Under Contract .......................
67.9%
71.1%
101.9%
61.5%
-9.3%
$771,000
$855,000
$866,667
$830,231
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$760
AUG
$856,000
SEP OCT
MEDIAN SALES PRICE
NOV
$547
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$856 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CALABASAS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,397,000
$1,520,000
$1,290,000
$1,466,000
4.9%
Average Price per Square Foot ..............
$478
$439
$472
$454
-5.0%
Properties Sold ...................................
27
11
33
18
-33.3%
Properties Pending Sale .......................
30
24
26
27
-10.0%
Properties For Sale ..............................
94
64
94
112
19.1%
Days on Market (Pending Sale) .............
65
107
53
60
-7.7%
Month’s Supply of Inventory .................
3.5
5.8
2.8
6.2
78.7%
Percent Under Contract .......................
31.9%
37.5%
27.7%
24.1%
-24.5%
$1,396,833
$1,402,167
$1,466,000
$1,409,692
0.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.397
AUG
$1,466,000
SEP OCT
MEDIAN SALES PRICE
NOV
$454
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.466 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ENCINO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,181,000
$1,785,000
$1,185,000
$1,325,000
12.2%
Average Price per Square Foot ..............
$549
$542
$552
$565
2.9%
Properties Sold ...................................
51
23
41
39
-23.5%
Properties Pending Sale .......................
56
38
49
40
-28.6%
Properties For Sale ..............................
120
75
103
137
14.2%
Days on Market (Pending Sale) .............
48
70
52
55
14.6%
Month’s Supply of Inventory .................
2.4
3.3
2.5
3.5
49.3%
Percent Under Contract .......................
46.7%
50.7%
47.6%
29.2%
-37.4%
$1,249,417
$1,416,333
$1,434,667
$1,425,923
14.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.181
AUG
$1,325,000
SEP OCT
MEDIAN SALES PRICE
NOV
$565
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.325 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
GLENDALE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,095,000
$882,000
$1,250,000
$1,057,000
-3.5%
Average Price per Square Foot ..............
$542
$479
$511
$499
-7.9%
Properties Sold ...................................
60
59
35
72
20.0%
Properties Pending Sale .......................
64
46
56
63
-1.6%
Properties For Sale ..............................
114
58
88
102
-10.5%
Days on Market (Pending Sale) .............
37
50
50
38
2.7%
Month’s Supply of Inventory .................
1.7
1.8
1.6
1.9
10.4%
Percent Under Contract .......................
63.8%
51.5%
83.0%
56.1%
-12.0%
$890,417
$1,027,167
$1,013,000
$970,250
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$893
AUG
$1,057,000
SEP OCT
MEDIAN SALES PRICE
NOV
$499
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.095 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LA CRESCENTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$950,000
$965,000
$1,025,000
$875,000
-7.9%
Average Price per Square Foot ..............
$517
$553
$504
$535
3.5%
Properties Sold ...................................
19
17
17
29
52.6%
Properties Pending Sale .......................
24
11
20
30
25.0%
Properties For Sale ..............................
24
14
24
27
12.5%
Days on Market (Pending Sale) .............
29
33
30
34
17.2%
Month’s Supply of Inventory .................
1.3
0.8
1.4
0.9
-26.3%
Percent Under Contract .......................
100.0%
78.6%
83.3%
111.1%
11.1%
Average Median Price for Last 12 Months
$827,500
$928,500
$915,667
$898,231
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 $950
JUL AUG
$875,000
SEP OCT
MEDIAN SALES PRICE
NOV
$535
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
0.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NORTH HOLLYWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$571,000
$625,000
$644,000
$625,000
9.5%
Average Price per Square Foot ..............
$404
$400
$451
$463
14.6%
Properties Sold ...................................
25
18
24
42
68.0%
Properties Pending Sale .......................
43
23
46
44
2.3%
Properties For Sale ..............................
63
35
44
54
-14.3%
Days on Market (Pending Sale) .............
38
66
67
36
-5.3%
Month’s Supply of Inventory .................
2.5
1.9
1.8
1.3
-49.0%
Percent Under Contract .......................
68.3%
65.7%
104.5%
81.5%
19.4%
$549,333
$642,833
$643,333
$620,308
12.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$571
AUG
$625,000
SEP OCT
MEDIAN SALES PRICE
NOV
$463
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SHADOW HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$795,000
$0
$880,000
$869,000
9.3%
Average Price per Square Foot ..............
$303
$0
$474
$360
18.8%
Properties Sold ...................................
6
0
6
7
16.7%
Properties Pending Sale .......................
4
4
4
6
50.0%
Properties For Sale ..............................
7
13
15
9
28.6%
Days on Market (Pending Sale) .............
39
0
24
119
205.1%
Month’s Supply of Inventory .................
1.2
n/a
2.5
1.3
10.2%
Percent Under Contract .......................
57.1%
30.8%
26.7%
66.7%
16.7%
$795,833
$749,833
$906,333
$750,615
-5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$795
AUG
$869,000
SEP OCT
MEDIAN SALES PRICE
NOV
$360
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$869 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SHERMAN OAKS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,173,000
$1,220,000
$1,420,000
$1,250,000
6.6%
Average Price per Square Foot ..............
$542
$548
$618
$560
3.3%
Properties Sold ...................................
46
35
52
52
13.0%
Properties Pending Sale .......................
71
45
53
56
-21.1%
Properties For Sale ..............................
150
81
117
137
-8.7%
Days on Market (Pending Sale) .............
54
58
58
39
-27.8%
Month’s Supply of Inventory .................
3.3
2.3
2.2
2.6
-19.2%
Percent Under Contract .......................
47.3%
55.6%
45.3%
40.9%
-13.6%
$1,178,083
$1,272,667
$1,220,667
$1,216,692
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.173
AUG
$1,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$560
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
STUDIO CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,299,000
$1,965,000
$1,400,000
$1,299,000
0.0%
Average Price per Square Foot ..............
$590
$601
$642
$697
18.1%
Properties Sold ...................................
25
21
33
33
32.0%
Properties Pending Sale .......................
40
37
28
23
-42.5%
Properties For Sale ..............................
70
54
77
80
14.3%
Days on Market (Pending Sale) .............
52
67
46
53
1.9%
Month’s Supply of Inventory .................
2.8
2.6
2.3
2.4
-13.4%
Percent Under Contract .......................
57.1%
68.5%
36.4%
28.7%
-49.7%
$1,418,667
$1,459,500
$1,504,000
$1,433,846
1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.299
AUG
$1,299,000
SEP OCT
MEDIAN SALES PRICE
NOV
$697
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.299 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SUN VALLEY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$628,000
$582,000
$538,000
$600,000
-4.5%
Average Price per Square Foot ..............
$392
$400
$415
$448
14.3%
Properties Sold ...................................
22
14
18
17
-22.7%
Properties Pending Sale .......................
23
17
19
15
-34.8%
Properties For Sale ..............................
24
17
24
36
50.0%
Days on Market (Pending Sale) .............
30
41
45
32
6.7%
Month’s Supply of Inventory .................
1.1
1.2
1.3
2.1
94.1%
Percent Under Contract .......................
95.8%
100.0%
79.2%
41.7%
-56.5%
$512,167
$544,667
$562,667
$556,615
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $628
JUL AUG
$600,000
SEP OCT
MEDIAN SALES PRICE
NOV
$448
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SUNLAND/TUJUNGA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$588,000
$612,000
$593,000
$643,000
9.4%
Average Price per Square Foot ..............
$360
$427
$433
$408
13.3%
Properties Sold ...................................
14
15
16
16
14.3%
Properties Pending Sale .......................
17
15
22
17
0.0%
Properties For Sale ..............................
23
15
24
40
73.9%
Days on Market (Pending Sale) .............
38
31
44
36
-5.3%
Month’s Supply of Inventory .................
1.6
1
1.5
2.5
52.2%
Percent Under Contract .......................
73.9%
100.0%
91.7%
42.5%
-42.5%
$588,333
$616,000
$629,667
$586,308
-0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$588
AUG
$643,000
SEP OCT
MEDIAN SALES PRICE
NOV
$408
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$643 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TARZANA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,050,000
$803,000
$1,273,000
$960,000
-8.6%
Average Price per Square Foot ..............
$398
$462
$453
$428
7.5%
Properties Sold ...................................
33
20
24
37
12.1%
Properties Pending Sale .......................
31
23
23
23
-25.8%
Properties For Sale ..............................
91
77
87
110
20.9%
Days on Market (Pending Sale) .............
48
66
55
56
16.7%
Month’s Supply of Inventory .................
2.8
3.8
3.6
3
7.8%
Percent Under Contract .......................
34.1%
29.9%
26.4%
20.9%
-38.6%
$1,041,917
$1,164,500
$1,113,000
$1,094,385
5.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$960,000
SEP OCT
MEDIAN SALES PRICE
NOV
$428
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TOLUCA LAKE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,380,000
$1,508,000
$1,263,000
$1,335,000
-3.3%
Average Price per Square Foot ..............
$714
$558
$598
$574
-19.6%
Properties Sold ...................................
7
4
6
5
-28.6%
Properties Pending Sale .......................
4
8
11
16
300.0%
Properties For Sale ..............................
18
16
24
26
44.4%
Days on Market (Pending Sale) .............
43
33
37
39
-9.3%
Month’s Supply of Inventory .................
2.6
4
4
5.2
102.2%
Percent Under Contract .......................
22.2%
50.0%
45.8%
61.5%
176.9%
$1,572,833
$1,416,500
$1,231,000
$1,403,846
-10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.380
AUG
$1,335,000
SEP OCT
MEDIAN SALES PRICE
NOV
$574
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.335 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
VALLEY VILLAGE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$965,000
$967,000
$1,195,000
$1,060,000
9.8%
Average Price per Square Foot ..............
$511
$507
$548
$532
4.1%
Properties Sold ...................................
19
10
9
13
-31.6%
Properties Pending Sale .......................
23
6
21
22
-4.3%
Properties For Sale ..............................
28
18
22
29
3.6%
Days on Market (Pending Sale) .............
55
81
54
39
-29.1%
Month’s Supply of Inventory .................
1.5
1.8
2.4
2.2
51.4%
Percent Under Contract .......................
82.1%
33.3%
95.5%
75.9%
-7.6%
$930,917
$1,103,167
$1,135,000
$1,046,615
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$965
AUG
$1,060,000
SEP OCT
MEDIAN SALES PRICE
NOV
$532
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.060 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WESTLAKE VILLAGE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$999,000
$985,000
$1,202,000
$1,299,000
30.0%
Average Price per Square Foot ..............
$437
$414
$454
$483
10.5%
Properties Sold ...................................
21
11
31
29
38.1%
Properties Pending Sale .......................
33
15
36
29
-12.1%
Properties For Sale ..............................
121
88
105
120
-0.8%
Days on Market (Pending Sale) .............
49
44
62
68
38.8%
Month’s Supply of Inventory .................
5.8
8
3.4
4.1
-28.2%
Percent Under Contract .......................
27.3%
17.0%
34.3%
24.2%
-11.4%
$1,214,500
$1,275,833
$1,247,333
$1,240,000
2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$999
AUG
$1,299,000
SEP OCT
MEDIAN SALES PRICE
NOV
$483
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.299 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WOODLAND HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$815,000
$905,000
$855,000
$865,000
6.1%
Average Price per Square Foot ..............
$400
$373
$424
$401
0.2%
Properties Sold ...................................
61
41
58
67
9.8%
Properties Pending Sale .......................
84
63
75
76
-9.5%
Properties For Sale ..............................
187
100
144
159
-15.0%
Days on Market (Pending Sale) .............
46
56
38
46
0.0%
Month’s Supply of Inventory .................
3.1
2.4
2.5
2.4
-22.6%
Percent Under Contract .......................
44.9%
63.0%
52.1%
47.8%
6.4%
$834,417
$862,500
$860,333
$843,231
1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$815
AUG
$865,000
SEP OCT
MEDIAN SALES PRICE
NOV
$401
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$865 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$982,500
$845,400
$1,033,500
$995,000
1.3%
Average Price per Square Foot ..............
$308
$162
$254
$295
-4.2%
Properties Sold ...................................
308
162
254
295
-4.2%
Properties Pending Sale .......................
303
178
290
360
18.8%
Properties For Sale ..............................
1,430
981
1,258
1,397
-2.3%
Days on Market (Pending Sale) .............
41
47
41
39
-5.5%
Month’s Supply of Inventory .................
4.6
6.1
5
4.7
2.0%
Percent Under Contract .......................
21.2%
18.1%
23.1%
25.8%
21.6%
$1,058,417
$964,833
$970,333
$931,531
-12.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $982
JUL AUG
$995,000
SEP OCT
MEDIAN SALES PRICE
NOV
$295
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$995 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ALHAMBRA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$692,000
$805,000
$673,000
$870,000
25.7%
Average Price per Square Foot ..............
$504
$491
$473
$465
-7.7%
Properties Sold ...................................
16
13
9
15
-6.2%
Properties Pending Sale .......................
23
14
17
21
-8.7%
Properties For Sale ..............................
28
24
29
35
25.0%
Days on Market (Pending Sale) .............
36
41
13
18
-50.0%
Month’s Supply of Inventory .................
1.8
1.8
3.2
2.3
33.3%
Percent Under Contract .......................
82.1%
58.3%
58.6%
60.0%
-27.0%
$656,750
$740,500
$777,667
$720,692
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$870,000
SEP OCT
MEDIAN SALES PRICE
NOV
$465
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$870 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ALTADENA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$833,000
$823,000
$747,000
$868,000
4.2%
Average Price per Square Foot ..............
$485
$522
$484
$514
6.0%
Properties Sold ...................................
34
22
27
39
14.7%
Properties Pending Sale .......................
38
28
52
43
13.2%
Properties For Sale ..............................
39
43
42
53
35.9%
Days on Market (Pending Sale) .............
40
37
36
31
-22.5%
Month’s Supply of Inventory .................
1.1
2
1.6
1.4
18.5%
Percent Under Contract .......................
97.4%
65.1%
123.8%
81.1%
-16.7%
$791,417
$816,000
$840,333
$816,000
3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $833
JUL AUG
$868,000
SEP OCT
MEDIAN SALES PRICE
NOV
$514
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$868 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ARCADIA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,400,000
$1,390,000
$1,260,000
$1,417,000
1.2%
Average Price per Square Foot ..............
$564
$531
$573
$599
6.2%
Properties Sold ...................................
39
22
39
28
-28.2%
Properties Pending Sale .......................
50
28
38
47
-6.0%
Properties For Sale ..............................
236
171
191
210
-11.0%
Days on Market (Pending Sale) .............
54
57
44
33
-38.9%
Month’s Supply of Inventory .................
6.1
7.8
4.9
7.5
23.9%
Percent Under Contract .......................
21.2%
16.4%
19.9%
22.4%
5.6%
$1,270,833
$1,414,500
$1,362,333
$1,371,385
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.400
AUG
$1,417,000
SEP OCT
MEDIAN SALES PRICE
NOV
$599
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.417 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DUARTE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$495,000
$542,000
$555,000
$551,000
11.3%
Average Price per Square Foot ..............
$360
$391
$397
$420
16.7%
Properties Sold ...................................
10
10
14
16
60.0%
Properties Pending Sale .......................
21
11
9
22
4.8%
Properties For Sale ..............................
30
22
19
28
-6.7%
Days on Market (Pending Sale) .............
24
51
21
26
8.3%
Month’s Supply of Inventory .................
3
2.2
1.4
1.8
-41.7%
Percent Under Contract .......................
70.0%
50.0%
47.4%
78.6%
12.2%
$481,417
$553,000
$546,667
$536,692
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$495
AUG
$551,000
SEP OCT
MEDIAN SALES PRICE
NOV
$420
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$551 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EAGLE ROCK
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$880,000
$1,409,000
$1,085,000
$943,000
7.2%
Average Price per Square Foot ..............
$580
$564
$532
$709
22.2%
Properties Sold ...................................
4
2
4
4
0.0%
Properties Pending Sale .......................
8
0
10
1
-87.5%
Properties For Sale ..............................
11
4
8
9
-18.2%
Days on Market (Pending Sale) .............
46
104
61
12
-73.9%
Month’s Supply of Inventory .................
2.8
2
2
2.2
-18.2%
Percent Under Contract .......................
72.7%
0.0%
125.0%
11.1%
-84.7%
$795,583
$769,000
$886,333
$840,000
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$880
AUG
$943,000
SEP OCT
MEDIAN SALES PRICE
NOV
$709
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$943 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LA CANADA FLINTRIDGE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,750,000
$2,275,000
$1,895,000
$1,770,000
1.1%
Average Price per Square Foot ..............
$706
$652
$720
$676
-4.2%
Properties Sold ...................................
21
10
28
27
28.6%
Properties Pending Sale .......................
26
8
32
26
0.0%
Properties For Sale ..............................
47
33
55
54
14.9%
Days on Market (Pending Sale) .............
62
35
43
57
-8.1%
Month’s Supply of Inventory .................
2.2
3.3
2
2
-10.6%
Percent Under Contract .......................
55.3%
24.2%
58.2%
48.1%
-13.0%
$1,817,417
$1,823,667
$1,906,000
$1,774,692
-2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.750
AUG
$1,770,000
SEP OCT
MEDIAN SALES PRICE
NOV
$676
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.770 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MONROVIA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$787,000
$653,000
$710,000
$790,000
0.4%
Average Price per Square Foot ..............
$459
$470
$484
$493
7.4%
Properties Sold ...................................
22
14
13
33
50.0%
Properties Pending Sale .......................
26
18
19
27
3.8%
Properties For Sale ..............................
43
23
38
44
2.3%
Days on Market (Pending Sale) .............
16
48
33
42
162.5%
Month’s Supply of Inventory .................
2
1.6
2.9
1.3
-31.8%
Percent Under Contract .......................
60.5%
78.3%
50.0%
61.4%
1.5%
$668,250
$736,500
$764,333
$727,077
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $787
JUL AUG
$790,000
SEP OCT
MEDIAN SALES PRICE
NOV
$493
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$790 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PASADENA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$992,000
$899,000
$1,054,000
$1,066,000
7.5%
Average Price per Square Foot ..............
$583
$553
$605
$606
3.9%
Properties Sold ...................................
95
32
74
84
-11.6%
Properties Pending Sale .......................
93
52
79
96
3.2%
Properties For Sale ..............................
167
122
168
185
10.8%
Days on Market (Pending Sale) .............
45
74
41
41
-8.9%
Month’s Supply of Inventory .................
1.8
3.8
2.3
2.2
25.3%
Percent Under Contract .......................
55.7%
42.6%
47.0%
51.9%
-6.8%
$878,750
$1,038,000
$1,038,000
$987,462
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$992
AUG
$1,066,000
SEP OCT
MEDIAN SALES PRICE
NOV
$606
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.066 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN GABRIEL
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$760,000
$828,000
$720,000
$830,000
9.2%
Average Price per Square Foot ..............
$499
$478
$600
$524
5.0%
Properties Sold ...................................
23
18
20
23
0.0%
Properties Pending Sale .......................
21
23
18
27
28.6%
Properties For Sale ..............................
48
27
31
64
33.3%
Days on Market (Pending Sale) .............
38
34
29
20
-47.4%
Month’s Supply of Inventory .................
2.1
1.5
1.6
2.8
33.3%
Percent Under Contract .......................
43.8%
85.2%
58.1%
42.2%
-3.6%
$747,917
$787,000
$790,667
$802,538
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$760
AUG
$830,000
SEP OCT
MEDIAN SALES PRICE
NOV
$524
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN MARINO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,170,000
$2,088,000
$2,535,000
$2,289,000
5.5%
Average Price per Square Foot ..............
$955
$724
$857
$864
-9.5%
Properties Sold ...................................
17
6
7
14
-17.6%
Properties Pending Sale .......................
11
7
6
10
-9.1%
Properties For Sale ..............................
57
37
51
65
14.0%
Days on Market (Pending Sale) .............
31
115
67
66
112.9%
Month’s Supply of Inventory .................
3.4
6.2
7.3
4.6
38.5%
Percent Under Contract .......................
19.3%
18.9%
11.8%
15.4%
-20.3%
$2,206,750
$2,159,333
$2,085,333
$2,099,769
-4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.170
AUG
$2,289,000
SEP OCT
MEDIAN SALES PRICE
NOV
$864
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.289 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SIERRA MADRE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,115,000
$693,000
$1,069,000
$1,084,000
-2.8%
Average Price per Square Foot ..............
$482
$643
$575
$586
21.6%
Properties Sold ...................................
13
4
11
8
-38.5%
Properties Pending Sale .......................
9
7
10
14
55.6%
Properties For Sale ..............................
21
18
18
23
9.5%
Days on Market (Pending Sale) .............
35
36
26
31
-11.4%
Month’s Supply of Inventory .................
1.6
4.5
1.6
2.9
78.0%
Percent Under Contract .......................
42.9%
38.9%
55.6%
60.9%
42.0%
$1,087,083
$1,129,167
$1,261,000
$1,045,462
-3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.115
AUG
$1,084,000
SEP OCT
MEDIAN SALES PRICE
NOV
$586
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.084 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SOUTH PASADENA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,115,000
$1,700,000
$1,735,000
$1,665,000
49.3%
Average Price per Square Foot ..............
$482
$689
$749
$802
66.4%
Properties Sold ...................................
13
8
7
10
-23.1%
Properties Pending Sale .......................
9
3
14
12
33.3%
Properties For Sale ..............................
21
11
12
14
-33.3%
Days on Market (Pending Sale) .............
35
38
46
34
-2.9%
Month’s Supply of Inventory .................
1.6
1.4
1.7
1.4
-13.3%
Percent Under Contract .......................
42.9%
27.3%
116.7%
85.7%
100.0%
$1,298,833
$1,529,333
$1,401,000
$1,429,385
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.115
AUG
$1,665,000
SEP OCT
MEDIAN SALES PRICE
NOV
$802
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.665 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SHADY CANYON
CRYSTAL COVE
LAGUNA WOODS
TURTLE RIDGE
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE ROCK
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
WESTMINSTER
EAST COSTA MESA
NELLE GAIL
WEST BAY - SANTA ANA HEIGHTS
FOUNTAIN VALLEY
NEWPORT BEACH
WEST NEWPORT - LIDO
HUNTINGTON BEACH
NEWPORT COAST
Micro Market Report : July 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : July 2018
ORANGE COUNTY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$780,000
$775,000
$810,000
$825,000
5.8%
Average Price per Square Foot ..............
$451
$469
$511
$496
10.0%
Properties Sold ...................................
1762
1063
1621
1730
-1.8%
Properties Pending Sale .......................
1875
1352
1855
1685
-10.1%
Properties For Sale ..............................
6,778
4,546
6,152
6,944
2.4%
Days on Market (Pending Sale) .............
44
51
34
40
-9.1%
Month’s Supply of Inventory .................
3.8
4.3
3.8
4
4.3%
Percent Under Contract .......................
27.7%
29.7%
30.2%
24.3%
-12.3%
$754,788
$819,250
$828,167
$798,692
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $780
JUL AUG
$825,000
SEP OCT
MEDIAN SALES PRICE
NOV
$496
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ALISO VIEJO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$815,000
$859,000
$865,500
$835,000
2.5%
Average Price per Square Foot ..............
$398
$354
$410
$413
3.8%
Properties Sold ...................................
21
9
16
19
-9.5%
Properties Pending Sale .......................
20
12
19
20
0.0%
Properties For Sale ..............................
55
21
39
67
21.8%
Days on Market (Pending Sale) .............
33
42
25
27
-18.2%
Month’s Supply of Inventory .................
2.6
2.3
2.4
3.5
34.6%
Percent Under Contract .......................
36.4%
57.1%
48.7%
29.9%
-17.9%
$802,496
$843,408
$856,483
$829,800
3.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$815
AUG
$835,000
SEP OCT
MEDIAN SALES PRICE
NOV
$413
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$835 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BALBOA PENINSULA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,300,000
$3,600,000
$2,998,500
$3,225,000
148.1%
Average Price per Square Foot ..............
$1,052
$1,475
$1,425
$1,646
56.5%
Properties Sold ...................................
1
10
11
7
600.0%
Properties Pending Sale .......................
8
3
7
7
-12.5%
Properties For Sale ..............................
40
30
49
49
22.5%
Days on Market (Pending Sale) .............
70
82
49
93
32.9%
Month’s Supply of Inventory .................
40
3
4.5
7
-82.5%
Percent Under Contract .......................
20.0%
10.0%
14.3%
14.3%
-28.6%
$2,923,917
$5,063,917
$3,606,667
$3,923,731
34.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.300
AUG
$3,225,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,646
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CORONA DEL MAR - SPYGLASS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$3,112,000
$3,600,000
$3,850,000
$3,400,000
9.3%
Average Price per Square Foot ..............
$1,133
$1,108
$1,464
$1,266
11.7%
Properties Sold ...................................
15
13
13
9
-40.0%
Properties Pending Sale .......................
10
12
20
8
-20.0%
Properties For Sale ..............................
80
75
91
101
26.2%
Days on Market (Pending Sale) .............
85
172
68
90
5.9%
Month’s Supply of Inventory .................
5.3
5.8
7
11.2
110.4%
Percent Under Contract .......................
12.5%
16.0%
22.0%
7.9%
-36.6%
$2,854,824
$3,375,177
$3,211,667
$3,100,236
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$3.112
AUG
$3,400,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,266
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
COTO DE CAZA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,120,000
$1,350,000
$1,252,500
$1,475,000
31.7%
Average Price per Square Foot ..............
$337
$330
$356
$381
13.1%
Properties Sold ...................................
20
3
18
25
25.0%
Properties Pending Sale .......................
19
15
17
19
0.0%
Properties For Sale ..............................
132
93
133
137
3.8%
Days on Market (Pending Sale) .............
54
62
35
57
5.6%
Month’s Supply of Inventory .................
6.6
31
7.4
5.5
-17.0%
Percent Under Contract .......................
14.4%
16.1%
12.8%
13.9%
-3.6%
$1,195,981
$1,313,755
$1,438,333
$1,272,464
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.120
AUG
$1,475,000
SEP OCT
MEDIAN SALES PRICE
NOV
$381
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.475 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CRYSTAL COVE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$6,900,000
$4,300,000
$9,530,000
$11,500,000
66.7%
Average Price per Square Foot ..............
$1,222
$1,074
$1,290
$1,470
20.3%
Properties Sold ...................................
5
1
3
3
-40.0%
Properties Pending Sale .......................
1
3
3
5
400.0%
Properties For Sale ..............................
22
24
27
28
27.3%
Days on Market (Pending Sale) .............
105
112
60
153
45.7%
Month’s Supply of Inventory .................
4.4
24
9
9.3
112.1%
Percent Under Contract .......................
4.5%
12.5%
11.1%
17.9%
292.9%
$6,077,083
$10,357,083
$8,504,167
$8,759,503
44.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$6.900
AUG
$11,500,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,470
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$11.500 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DANA POINT
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,114,500
$1,050,000
$1,042,500
$1,125,000
0.9%
Average Price per Square Foot ..............
$627
$502
$799
$683
8.9%
Properties Sold ...................................
28
17
32
37
32.1%
Properties Pending Sale .......................
28
23
30
33
17.9%
Properties For Sale ..............................
199
134
168
198
-0.5%
Days on Market (Pending Sale) .............
73
83
76
53
-27.4%
Month’s Supply of Inventory .................
7.1
7.9
5.2
5.4
-24.7%
Percent Under Contract .......................
14.1%
17.2%
17.9%
16.7%
18.5%
$1,026,521
$1,215,750
$1,305,000
$1,183,115
15.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.114
AUG
$1,125,000
SEP OCT
MEDIAN SALES PRICE
NOV
$683
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.125 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EAST BLUFF - HARBOR VIEW
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,195,000
$3,025,000
$2,072,500
$2,137,500
-2.6%
Average Price per Square Foot ..............
$753
$675
$743
$739
-1.9%
Properties Sold ...................................
25
9
20
22
-12.0%
Properties Pending Sale .......................
16
21
21
18
12.5%
Properties For Sale ..............................
109
95
110
107
-1.8%
Days on Market (Pending Sale) .............
65
67
58
88
35.4%
Month’s Supply of Inventory .................
4.4
10.6
5.5
4.9
11.6%
Percent Under Contract .......................
14.7%
22.1%
19.1%
16.8%
14.6%
$1,901,718
$2,040,958
$1,989,417
$2,128,442
11.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.195
AUG
$2,137,500
SEP OCT
MEDIAN SALES PRICE
NOV
$739
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.137 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EAST COSTA MESA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$912,500
$907,000
$999,500
$1,146,000
25.6%
Average Price per Square Foot ..............
$642
$490
$595
$571
-11.1%
Properties Sold ...................................
20
10
7
10
-50.0%
Properties Pending Sale .......................
17
19
17
11
-35.3%
Properties For Sale ..............................
70
65
70
83
18.6%
Days on Market (Pending Sale) .............
59
52
43
40
-32.2%
Month’s Supply of Inventory .................
3.5
6.5
10
8.3
137.1%
Percent Under Contract .......................
24.3%
29.2%
24.3%
13.3%
-45.4%
$1,025,013
$1,139,917
$1,129,667
$1,063,990
3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$912
AUG
$1,146,000
SEP OCT
MEDIAN SALES PRICE
NOV
$571
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.146 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
FOUNTAIN VALLEY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$767,000
$785,000
$810,000
$810,000
5.6%
Average Price per Square Foot ..............
$407
$401
$405
$438
7.6%
Properties Sold ...................................
31
19
25
29
-6.5%
Properties Pending Sale .......................
28
18
30
33
17.9%
Properties For Sale ..............................
65
50
60
90
38.5%
Days on Market (Pending Sale) .............
33
22
25
23
-30.3%
Month’s Supply of Inventory .................
2.1
2.6
2.4
3.1
48.0%
Percent Under Contract .......................
43.1%
36.0%
50.0%
36.7%
-14.9%
$776,058
$829,250
$830,000
$799,846
3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$767
AUG
$810,000
SEP OCT
MEDIAN SALES PRICE
NOV
$438
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$810 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HUNTINGTON BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$880,000
$830,000
$900,000
$930,000
5.7%
Average Price per Square Foot ..............
$487
$506
$537
$512
5.1%
Properties Sold ...................................
127
59
89
83
-34.6%
Properties Pending Sale .......................
135
62
120
100
-25.9%
Properties For Sale ..............................
360
218
314
363
0.8%
Days on Market (Pending Sale) .............
47
45
28
33
-29.8%
Month’s Supply of Inventory .................
2.8
3.7
3.5
4.4
54.3%
Percent Under Contract .......................
37.5%
28.4%
38.2%
27.5%
-26.5%
$831,125
$904,167
$906,000
$889,115
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$880
AUG
$930,000
SEP OCT
MEDIAN SALES PRICE
NOV
$512
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$930 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
IRVINE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,097,500
$1,139,500
$1,249,000
$1,236,500
12.7%
Average Price per Square Foot ..............
$511
$548
$507
$513
0.4%
Properties Sold ...................................
114
64
98
110
-3.5%
Properties Pending Sale .......................
131
90
129
114
-13.0%
Properties For Sale ..............................
497
335
457
537
8.0%
Days on Market (Pending Sale) .............
46
41
36
38
-17.4%
Month’s Supply of Inventory .................
4.4
5.2
4.7
4.9
12.0%
Percent Under Contract .......................
26.4%
26.9%
28.2%
21.2%
-19.5%
$1,084,082
$1,206,917
$1,198,833
$1,169,500
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.097
AUG
$1,236,500
SEP OCT
MEDIAN SALES PRICE
NOV
$513
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.236 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LADERA RANCH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$930,000
$990,150
$1,095,000
$970,000
4.3%
Average Price per Square Foot ..............
$361
$340
$379
$378
4.7%
Properties Sold ...................................
40
9
25
31
-22.5%
Properties Pending Sale .......................
22
23
41
19
-13.6%
Properties For Sale ..............................
128
87
115
103
-19.5%
Days on Market (Pending Sale) .............
48
46
30
52
8.3%
Month’s Supply of Inventory .................
3.2
9.7
4.6
3.3
3.8%
Percent Under Contract .......................
17.2%
26.4%
35.7%
18.4%
7.3%
$897,996
$1,014,417
$1,045,833
$984,273
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$930
AUG
$970,000
SEP OCT
MEDIAN SALES PRICE
NOV
$378
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$970 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LAGUNA BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,850,000
$2,600,000
$2,400,000
$2,417,500
30.7%
Average Price per Square Foot ..............
$1,058
$1,106
$1,529
$1,751
65.5%
Properties Sold ...................................
26
21
38
28
7.7%
Properties Pending Sale .......................
30
20
24
27
-10.0%
Properties For Sale ..............................
280
213
270
280
0.0%
Days on Market (Pending Sale) .............
62
106
70
75
21.0%
Month’s Supply of Inventory .................
10.8
10.1
7.1
10
-7.1%
Percent Under Contract .......................
10.7%
9.4%
8.9%
9.6%
-10.0%
$2,045,633
$2,102,292
$2,010,833
$2,056,173
0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.850
AUG
$2,417,500
SEP OCT
MEDIAN SALES PRICE
NOV
$1,751
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.417 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LAGUNA NIGUEL
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$910,000
$933,000
$1,005,000
$1,020,000
12.1%
Average Price per Square Foot ..............
$465
$448
$448
$431
-7.3%
Properties Sold ...................................
61
23
53
43
-29.5%
Properties Pending Sale .......................
74
52
56
50
-32.4%
Properties For Sale ..............................
273
162
217
259
-5.1%
Days on Market (Pending Sale) .............
56
60
43
55
-1.8%
Month’s Supply of Inventory .................
4.5
7
4.1
6
34.6%
Percent Under Contract .......................
27.1%
32.1%
25.8%
19.3%
-28.8%
$905,142
$976,171
$999,258
$962,379
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,020,000
SEP OCT
MEDIAN SALES PRICE
NOV
$431
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.020 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LAGUNA HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$915,000
$763,000
$850,000
$907,500
-0.8%
Average Price per Square Foot ..............
$379
$398
$396
$418
10.3%
Properties Sold ...................................
17
11
17
26
52.9%
Properties Pending Sale .......................
22
16
25
21
-4.5%
Properties For Sale ..............................
114
59
94
103
-9.6%
Days on Market (Pending Sale) .............
50
68
23
24
-52.0%
Month’s Supply of Inventory .................
6.7
5.4
5.5
4
-40.9%
Percent Under Contract .......................
19.3%
27.1%
26.6%
20.4%
5.6%
$836,009
$919,667
$875,000
$874,154
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$915
AUG
$907,500
SEP OCT
MEDIAN SALES PRICE
NOV
$418
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$907 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LAGUNA WOODS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ..............
$0
$0
$0
$0
n/a
Properties Sold ...................................
0
0
0
0
n/a
Properties Pending Sale .......................
0
0
0
0
n/a
Properties For Sale ..............................
0
1
3
0
n/a
Days on Market (Pending Sale) .............
0
0
0
0
n/a
Month’s Supply of Inventory .................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract .......................
n/a
0.0%
0.0%
n/a
n/a
Average Median Price for Last 12 Months
$0
$860,000
n/a
$854,833
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$955,000
$1,535,000
$875,000
$699,000
-26.8%
Average Price per Square Foot ..............
$655
$463
$549
$750
14.5%
Properties Sold ...................................
2
4
3
3
50.0%
Properties Pending Sale .......................
5
2
3
6
20.0%
Properties For Sale ..............................
30
15
24
34
13.3%
Days on Market (Pending Sale) .............
41
6
89
48
17.1%
Month’s Supply of Inventory .................
15
3.8
8
11.3
-24.4%
Percent Under Contract .......................
16.7%
13.3%
12.5%
17.6%
5.9%
$981,417
$1,183,417
$1,402,500
$1,129,577
15.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$955
AUG
$699,000
SEP OCT
MEDIAN SALES PRICE
NOV
$750
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$699 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$3,587,500
$3,800,000
$3,750,000
$3,400,000
-5.2%
Average Price per Square Foot ..............
$1,446
$1,514
$1,459
$1,740
20.3%
Properties Sold ...................................
6
3
5
7
16.7%
Properties Pending Sale .......................
9
5
2
5
-44.4%
Properties For Sale ..............................
40
22
31
34
-15.0%
Days on Market (Pending Sale) .............
35
98
4
106
202.9%
Month’s Supply of Inventory .................
6.7
7.3
6.2
4.9
-27.1%
Percent Under Contract .......................
22.5%
22.7%
6.5%
14.7%
-34.6%
$3,293,054
$3,719,583
$3,883,333
$3,618,846
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$3.587
AUG
$3,400,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,740
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MISSION VIEJO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$753,750
$725,000
$770,000
$780,000
3.5%
Average Price per Square Foot ..............
$367
$387
$375
$380
3.5%
Properties Sold ...................................
98
69
91
97
-1.0%
Properties Pending Sale .......................
107
72
90
97
-9.3%
Properties For Sale ..............................
291
189
264
352
21.0%
Days on Market (Pending Sale) .............
31
45
32
33
6.5%
Month’s Supply of Inventory .................
3
2.7
2.9
3.6
22.2%
Percent Under Contract .......................
36.8%
38.1%
34.1%
27.6%
-25.1%
$716,725
$770,083
$776,000
$753,558
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $753
JUL AUG
$780,000
SEP OCT
MEDIAN SALES PRICE
NOV
$380
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MONARCH BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,450,672
$1,225,000
$1,900,000
$1,782,500
22.9%
Average Price per Square Foot ..............
$789
$675
$1,054
$797
1.0%
Properties Sold ...................................
10
6
11
18
80.0%
Properties Pending Sale .......................
8
10
13
13
62.5%
Properties For Sale ..............................
83
62
82
75
-9.6%
Days on Market (Pending Sale) .............
82
62
88
35
-57.3%
Month’s Supply of Inventory .................
8.3
10.3
7.5
4.2
-49.8%
Percent Under Contract .......................
9.6%
16.1%
15.9%
17.3%
79.8%
$1,737,171
$1,838,500
$1,919,000
$1,701,206
-2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.450
AUG
$1,782,500
SEP OCT
MEDIAN SALES PRICE
NOV
$797
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.782 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NELLE GAIL
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$915,000
$763,000
$850,000
$910,000
-0.5%
Average Price per Square Foot ..............
$379
$398
$396
$419
10.6%
Properties Sold ...................................
17
11
17
25
47.1%
Properties Pending Sale .......................
22
16
24
20
-9.1%
Properties For Sale ..............................
112
59
92
101
-9.8%
Days on Market (Pending Sale) .............
50
68
23
24
-52.0%
Month’s Supply of Inventory .................
6.6
5.4
5.4
4
-38.7%
Percent Under Contract .......................
19.6%
27.1%
26.1%
19.8%
0.8%
$852,798
$923,875
$880,917
$875,904
2.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$915
AUG
$910,000
SEP OCT
MEDIAN SALES PRICE
NOV
$419
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$910 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NEWPORT BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,122,500
$3,025,000
$2,162,500
$2,350,000
10.7%
Average Price per Square Foot ..............
$825
$1,015
$1,046
$1,089
32.0%
Properties Sold ...................................
60
33
62
59
-1.7%
Properties Pending Sale .......................
62
49
55
52
-16.1%
Properties For Sale ..............................
360
258
343
323
-10.3%
Days on Market (Pending Sale) .............
69
64
50
84
21.7%
Month’s Supply of Inventory .................
6
7.8
5.5
5.5
-8.8%
Percent Under Contract .......................
17.2%
19.0%
16.0%
16.1%
-6.5%
$2,079,625
$2,220,083
$2,332,667
$2,326,385
11.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.122
AUG
$2,350,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,089
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.350 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NEWPORT COAST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$6,900,000
$2,677,500
$3,154,000
$4,585,000
-33.6%
Average Price per Square Foot ..............
$1,110
$775
$1,156
$1,171
5.5%
Properties Sold ...................................
9
6
14
10
11.1%
Properties Pending Sale .......................
7
14
11
14
100.0%
Properties For Sale ..............................
105
79
93
104
-1.0%
Days on Market (Pending Sale) .............
92
70
67
96
4.3%
Month’s Supply of Inventory .................
11.7
13.2
6.6
10.4
-10.9%
Percent Under Contract .......................
6.7%
17.7%
11.8%
13.5%
101.9%
$3,514,260
$3,979,000
$4,653,333
$4,028,423
14.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $6.900
JUL AUG
$4,585,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,171
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$4.585 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NEWPORT HEIGHTS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$3,574,000
$3,230,000
$2,045,000
$1,650,000
-53.8%
Average Price per Square Foot ..............
$764
$718
$831
$745
-2.5%
Properties Sold ...................................
3
2
7
3
0.0%
Properties Pending Sale .......................
7
5
7
7
0.0%
Properties For Sale ..............................
50
33
35
31
-38.0%
Days on Market (Pending Sale) .............
109
64
56
80
-26.6%
Month’s Supply of Inventory .................
16.7
16.5
5
10.3
-38.0%
Percent Under Contract .......................
14.0%
15.2%
20.0%
22.6%
61.3%
$2,252,844
$2,137,083
$1,685,000
$2,320,846
3.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.574
JUL AUG
$1,650,000
SEP OCT
MEDIAN SALES PRICE
NOV
$745
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
10.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
RANCHO SANTA MARGARITA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$800,000
$821,500
$826,000
$860,000
7.5%
Average Price per Square Foot ..............
$346
$335
$357
$347
0.3%
Properties Sold ...................................
49
24
39
31
-36.7%
Properties Pending Sale .......................
47
28
44
35
-25.5%
Properties For Sale ..............................
131
66
127
147
12.2%
Days on Market (Pending Sale) .............
40
32
20
40
0.0%
Month’s Supply of Inventory .................
2.7
2.8
3.3
4.7
77.4%
Percent Under Contract .......................
35.9%
42.4%
34.6%
23.8%
-33.6%
$744,250
$816,250
$829,667
$792,538
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $800
JUL AUG
$860,000
SEP OCT
MEDIAN SALES PRICE
NOV
$347
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN CLEMENTE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$982,600
$1,000,000
$1,000,000
$1,050,000
6.9%
Average Price per Square Foot ..............
$414
$437
$416
$450
8.7%
Properties Sold ...................................
52
42
75
85
63.5%
Properties Pending Sale .......................
61
44
90
85
39.3%
Properties For Sale ..............................
311
196
309
324
4.2%
Days on Market (Pending Sale) .............
55
71
43
61
10.9%
Month’s Supply of Inventory .................
6
4.7
4.1
3.8
-36.3%
Percent Under Contract .......................
19.6%
22.4%
29.1%
26.2%
33.8%
$946,264
$1,065,917
$1,082,333
$1,021,705
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$982
AUG
$1,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$450
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN JUAN CAPISTRANO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,015,000
$1,286,544
$975,000
$829,000
-18.3%
Average Price per Square Foot ..............
$360
$418
$397
$388
7.8%
Properties Sold ...................................
43
28
25
29
-32.6%
Properties Pending Sale .......................
38
34
32
31
-18.4%
Properties For Sale ..............................
180
132
159
166
-7.8%
Days on Market (Pending Sale) .............
56
81
37
46
-17.9%
Month’s Supply of Inventory .................
4.2
4.7
6.4
5.7
36.7%
Percent Under Contract .......................
21.1%
25.8%
20.1%
18.7%
-11.5%
$984,542
$1,069,409
$1,063,817
$1,041,406
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.015
JUL AUG
$829,000
SEP OCT
MEDIAN SALES PRICE
NOV
$388
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$829 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SEAL BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,128,700
$919,000
$1,039,500
$930,000
-17.6%
Average Price per Square Foot ..............
$504
$528
$510
$623
23.6%
Properties Sold ...................................
11
7
12
14
27.3%
Properties Pending Sale .......................
19
15
14
14
-26.3%
Properties For Sale ..............................
51
27
36
37
-27.5%
Days on Market (Pending Sale) .............
46
83
24
31
-32.6%
Month’s Supply of Inventory .................
4.6
3.9
3
2.6
-43.0%
Percent Under Contract .......................
37.3%
55.6%
38.9%
37.8%
1.6%
$1,002,163
$1,036,833
$1,020,500
$994,573
-0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.128
JUL AUG
$930,000
SEP OCT
MEDIAN SALES PRICE
NOV
$623
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$930 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SHADY CANYON
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,235,084
$1,736,000
$2,299,000
$1,870,000
-16.3%
Average Price per Square Foot ..............
$683
$821
$680
$703
2.9%
Properties Sold ...................................
14
8
14
15
7.1%
Properties Pending Sale .......................
15
10
17
12
-20.0%
Properties For Sale ..............................
99
62
79
102
3.0%
Days on Market (Pending Sale) .............
46
83
45
77
67.4%
Month’s Supply of Inventory .................
7.1
7.8
5.6
6.8
-3.8%
Percent Under Contract .......................
15.2%
16.1%
21.5%
11.8%
-22.4%
$1,910,658
$2,115,824
$2,262,481
$1,969,887
3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.235
AUG
$1,870,000
SEP OCT
MEDIAN SALES PRICE
NOV
$703
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.870 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TURTLE RIDGE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,924,500
$0
$2,568,888
$3,555,000
21.6%
Average Price per Square Foot ..............
$711
$0
$747
$781
9.8%
Properties Sold ...................................
2
0
3
1
-50.0%
Properties Pending Sale .......................
0
1
3
4
n/a
Properties For Sale ..............................
24
20
21
24
0.0%
Days on Market (Pending Sale) .............
0
47
31
59
n/a
Month’s Supply of Inventory .................
12
n/a
7
24
100.0%
Percent Under Contract .......................
0.0%
5.0%
14.3%
16.7%
n/a
$2,122,288
$2,530,381
$2,649,800
$2,482,429
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.924
AUG
$3,555,000
SEP OCT
MEDIAN SALES PRICE
NOV
$781
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
24 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.555 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
TURTLE ROCK
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,277,000
$1,500,000
$2,175,000
$1,860,000
45.7%
Average Price per Square Foot ..............
$629
$608
$669
$674
7.2%
Properties Sold ...................................
7
5
6
12
71.4%
Properties Pending Sale .......................
11
5
9
8
-27.3%
Properties For Sale ..............................
45
21
28
42
-6.7%
Days on Market (Pending Sale) .............
36
87
34
38
5.6%
Month’s Supply of Inventory .................
6.4
4.2
4.7
3.5
-45.6%
Percent Under Contract .......................
24.4%
23.8%
32.1%
19.0%
-22.1%
$1,820,596
$1,753,083
$1,749,167
$1,707,923
-6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.277
AUG
$1,860,000
SEP OCT
MEDIAN SALES PRICE
NOV
$674
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WESTMINSTER
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$638,000
$656,550
$712,500
$680,000
6.6%
Average Price per Square Foot ..............
$380
$427
$382
$454
19.5%
Properties Sold ...................................
35
21
28
26
-25.7%
Properties Pending Sale .......................
29
28
37
32
10.3%
Properties For Sale ..............................
82
59
89
91
11.0%
Days on Market (Pending Sale) .............
26
26
17
29
11.5%
Month’s Supply of Inventory .................
2.3
2.8
3.2
3.5
49.4%
Percent Under Contract .......................
35.4%
47.5%
41.6%
35.2%
-0.6%
$622,750
$681,667
$673,333
$660,881
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$638
AUG
$680,000
SEP OCT
MEDIAN SALES PRICE
NOV
$454
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$680 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,925,000
$1,793,980
$1,688,500
$2,250,000
16.9%
Average Price per Square Foot ..............
$662
$823
$706
$745
12.5%
Properties Sold ...................................
15
4
6
7
-53.3%
Properties Pending Sale .......................
13
11
6
10
-23.1%
Properties For Sale ..............................
55
38
49
59
7.3%
Days on Market (Pending Sale) .............
95
45
29
64
-32.6%
Month’s Supply of Inventory .................
3.7
9.5
8.2
8.4
129.9%
Percent Under Contract .......................
23.6%
28.9%
12.2%
16.9%
-28.3%
$1,675,292
$1,903,333
$2,077,333
$1,895,306
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.925
AUG
$2,250,000
SEP OCT
MEDIAN SALES PRICE
NOV
$745
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST NEWPORT - LIDO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,807,500
$2,400,000
$2,395,000
$2,391,125
32.3%
Average Price per Square Foot ..............
$1,059
$1,033
$1,499
$1,417
33.8%
Properties Sold ...................................
10
5
13
12
20.0%
Properties Pending Sale .......................
9
4
12
5
-44.4%
Properties For Sale ..............................
65
40
65
41
-36.9%
Days on Market (Pending Sale) .............
41
51
52
76
85.4%
Month’s Supply of Inventory .................
6.5
8
5
3.4
-47.4%
Percent Under Contract .......................
13.8%
10.0%
18.5%
12.2%
-11.9%
$2,722,625
$2,979,604
$3,017,874
$3,044,240
11.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.807
AUG
$2,391,125
SEP OCT
MEDIAN SALES PRICE
NOV
$1,417
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.391 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : July 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : July 2018
CARPINTERIA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,097,500
$1,357,500
$989,000
$1,150,000
4.8%
Average Price per Square Foot ..............
$778
$985
$710
$722
-7.2%
Properties Sold ...................................
8
2
7
3
-62.5%
Properties Pending Sale .......................
11
4
8
0
-100.0%
Properties For Sale ..............................
49
22
30
40
-18.4%
Days on Market (Pending Sale) .............
64
56
16
0
-100.0%
Month’s Supply of Inventory .................
6.1
11
4.3
13.3
117.7%
Percent Under Contract .......................
22.4%
18.2%
26.7%
0.0%
-100.0%
$1,087,000
$1,022,632
$1,079,667
$1,111,945
2.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.097
AUG
$1,150,000
SEP OCT
MEDIAN SALES PRICE
NOV
$722
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.150 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
GOLETA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$900,250
$780,000
$866,125
$923,772
2.6%
Average Price per Square Foot ..............
$471
$523
$562
$535
13.6%
Properties Sold ...................................
12
6
12
20
66.7%
Properties Pending Sale .......................
9
14
11
11
22.2%
Properties For Sale ..............................
33
27
27
30
-9.1%
Days on Market (Pending Sale) .............
25
34
22
23
-8.0%
Month’s Supply of Inventory .................
2.8
4.5
2.2
1.5
-45.5%
Percent Under Contract .......................
27.3%
51.9%
40.7%
36.7%
34.4%
$835,531
$886,691
$929,257
$875,761
4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $900
JUL AUG
$923,772
SEP OCT
MEDIAN SALES PRICE
NOV
$535
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$923 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
HOPE RANCH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$4,504,000
$5,400,000
$3,855,000
$3,200,000
-29.0%
Average Price per Square Foot ..............
$887
$0
$832
$1,190
34.2%
Properties Sold ...................................
2
1
3
3
50.0%
Properties Pending Sale .......................
0
8
3
3
n/a
Properties For Sale ..............................
36
31
27
33
-8.3%
Days on Market (Pending Sale) .............
0
227
383
29
n/a
Month’s Supply of Inventory .................
18
31
9
11
-38.9%
Percent Under Contract .......................
0.0%
25.8%
11.1%
9.1%
n/a
$2,751,255
$5,245,975
$6,816,667
$4,631,085
68.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$4.504
AUG
$3,200,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,190
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
11 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$3.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MONTECITO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,850,000
$2,697,500
$5,122,000
$2,945,000
3.3%
Average Price per Square Foot ..............
$1,022
$856
$1,333
$982
-3.9%
Properties Sold ...................................
13
10
2
10
-23.1%
Properties Pending Sale .......................
26
5
10
7
-73.1%
Properties For Sale ..............................
180
116
126
152
-15.6%
Days on Market (Pending Sale) .............
65
91
121
96
47.7%
Month’s Supply of Inventory .................
13.8
11.6
63
15.2
9.8%
Percent Under Contract .......................
14.4%
4.3%
7.9%
4.6%
-68.1%
$2,957,542
$3,231,129
$2,668,333
$3,014,210
1.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.850
AUG
$2,945,000
SEP OCT
MEDIAN SALES PRICE
NOV
$982
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.945 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA BARBARA EAST OF STATE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$999,500
$2,060,000
$1,375,000
$1,257,500
25.8%
Average Price per Square Foot ..............
$658
$692
$749
$685
4.1%
Properties Sold ...................................
22
14
32
26
18.2%
Properties Pending Sale .......................
27
31
29
36
33.3%
Properties For Sale ..............................
140
109
133
162
15.7%
Days on Market (Pending Sale) .............
69
57
53
54
-21.7%
Month’s Supply of Inventory .................
6.4
7.8
4.2
6.2
-2.1%
Percent Under Contract .......................
19.3%
28.4%
21.8%
22.2%
15.2%
$1,303,889
$1,383,833
$1,335,958
$1,441,414
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$999
AUG
$1,257,500
SEP OCT
MEDIAN SALES PRICE
NOV
$685
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.257 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA BARBARA WEST OF STATE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,100,000
$930,000
$1,222,500
$1,180,000
7.3%
Average Price per Square Foot ..............
$747
$696
$885
$744
-0.4%
Properties Sold ...................................
23
9
20
15
-34.8%
Properties Pending Sale .......................
27
13
21
23
-14.8%
Properties For Sale ..............................
80
48
69
108
35.0%
Days on Market (Pending Sale) .............
62
51
19
46
-25.8%
Month’s Supply of Inventory .................
3.5
5.3
3.4
7.2
107.0%
Percent Under Contract .......................
33.8%
27.1%
30.4%
21.3%
-36.9%
$1,127,325
$1,243,083
$1,164,000
$1,164,692
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.100
AUG
$1,180,000
SEP OCT
MEDIAN SALES PRICE
NOV
$744
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.180 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA YNEZ
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$741,000
$1,670,000
$1,050,000
$874,500
18.0%
Average Price per Square Foot ..............
$410
$465
$496
$459
12.0%
Properties Sold ...................................
19
9
13
20
5.3%
Properties Pending Sale .......................
19
19
18
26
36.8%
Properties For Sale ..............................
173
123
151
147
-15.0%
Days on Market (Pending Sale) .............
89
124
180
125
40.4%
Month’s Supply of Inventory .................
9.1
13.7
11.6
7.4
-19.3%
Percent Under Contract .......................
11.0%
15.4%
11.9%
17.7%
61.0%
$844,555
$920,500
$937,833
$910,788
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$741
AUG
$874,500
SEP OCT
MEDIAN SALES PRICE
NOV
$459
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$874 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : July 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : July 2018
CARMEL
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,325,000
$2,055,000
$1,712,500
$2,000,000
50.9%
Average Price per Square Foot ..............
$903
$919
$747
$953
5.5%
Properties Sold ...................................
17
17
19
23
35.3%
Properties Pending Sale .......................
30
21
35
26
-13.3%
Properties For Sale ..............................
197
121
159
156
-20.8%
Days on Market (Pending Sale) .............
69
87
98
52
-24.6%
Month’s Supply of Inventory .................
11.6
7.1
8.4
6.8
-41.5%
Percent Under Contract .......................
15.2%
17.4%
22.0%
16.7%
9.4%
$1,476,200
$1,800,833
$1,849,167
$1,711,346
15.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$2,000,000
SEP OCT
MEDIAN SALES PRICE
NOV
$953
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CARMEL VALLEY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,007,450
$1,200,000
$1,169,000
$1,147,500
13.9%
Average Price per Square Foot ..............
$431
$490
$494
$625
45.0%
Properties Sold ...................................
8
8
12
8
0.0%
Properties Pending Sale .......................
9
7
11
15
66.7%
Properties For Sale ..............................
72
55
71
78
8.3%
Days on Market (Pending Sale) .............
47
121
66
82
74.5%
Month’s Supply of Inventory .................
9
6.9
5.9
9.8
8.3%
Percent Under Contract .......................
12.5%
12.7%
15.5%
19.2%
53.8%
$1,118,288
$1,166,938
$1,059,167
$1,075,660
-3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.007
AUG
$1,147,500
SEP OCT
MEDIAN SALES PRICE
NOV
$625
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.147 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MARINA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$561,250
$531,500
$563,000
$605,000
7.8%
Average Price per Square Foot ..............
$321
$367
$376
$369
15.0%
Properties Sold ...................................
20
12
15
18
-10.0%
Properties Pending Sale .......................
16
17
14
18
12.5%
Properties For Sale ..............................
51
37
37
51
0.0%
Days on Market (Pending Sale) .............
30
50
30
40
33.3%
Month’s Supply of Inventory .................
2.6
3.1
2.5
2.8
11.1%
Percent Under Contract .......................
31.4%
45.9%
37.8%
35.3%
12.5%
$523,038
$597,167
$611,667
$576,135
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$561
AUG
$605,000
SEP OCT
MEDIAN SALES PRICE
NOV
$369
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$605 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MONTEREY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$799,500
$794,435
$885,000
$865,000
8.2%
Average Price per Square Foot ..............
$479
$469
$460
$500
4.4%
Properties Sold ...................................
26
15
23
19
-26.9%
Properties Pending Sale .......................
26
28
24
22
-15.4%
Properties For Sale ..............................
106
88
102
100
-5.7%
Days on Market (Pending Sale) .............
46
53
60
51
10.9%
Month’s Supply of Inventory .................
4.1
5.9
4.4
5.3
29.1%
Percent Under Contract .......................
24.5%
31.8%
23.5%
22.0%
-10.3%
$767,508
$872,750
$870,000
$846,457
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$799
AUG
$865,000
SEP OCT
MEDIAN SALES PRICE
NOV
$500
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$865 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PACIFIC GROVE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$899,500
$944,500
$928,000
$1,101,000
22.4%
Average Price per Square Foot ..............
$584
$465
$734
$769
31.7%
Properties Sold ...................................
16
6
10
13
-18.8%
Properties Pending Sale .......................
14
11
17
12
-14.3%
Properties For Sale ..............................
54
36
52
50
-7.4%
Days on Market (Pending Sale) .............
92
20
65
27
-70.7%
Month’s Supply of Inventory .................
3.4
6
5.2
3.8
14.0%
Percent Under Contract .......................
25.9%
30.6%
32.7%
24.0%
-7.4%
$930,167
$944,333
$956,167
$936,731
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$899
AUG
$1,101,000
SEP OCT
MEDIAN SALES PRICE
NOV
$769
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.101 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PEBBLE BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,487,500
$2,700,000
$1,425,000
$1,875,000
26.1%
Average Price per Square Foot ..............
$758
$868
$800
$1,145
51.1%
Properties Sold ...................................
12
9
17
15
25.0%
Properties Pending Sale .......................
8
13
17
13
62.5%
Properties For Sale ..............................
93
73
82
83
-10.8%
Days on Market (Pending Sale) .............
85
144
87
96
12.9%
Month’s Supply of Inventory .................
7.8
8.1
4.8
5.5
-28.6%
Percent Under Contract .......................
8.6%
17.8%
20.7%
15.7%
82.1%
$1,719,667
$1,532,642
$1,621,117
$1,791,215
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.487
AUG
$1,875,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,145
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SALINAS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$492,000
$485,000
$504,750
$529,500
7.6%
Average Price per Square Foot ..............
$308
$312
$311
$313
1.6%
Properties Sold ...................................
52
50
40
40
-23.1%
Properties Pending Sale .......................
60
44
71
70
16.7%
Properties For Sale ..............................
194
122
159
179
-7.7%
Days on Market (Pending Sale) .............
41
47
39
29
-29.3%
Month’s Supply of Inventory .................
3.7
2.4
4
4.5
19.9%
Percent Under Contract .......................
30.9%
36.1%
44.7%
39.1%
26.4%
$479,063
$510,500
$529,500
$497,329
3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$492
AUG
$529,500
SEP OCT
MEDIAN SALES PRICE
NOV
$313
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$529 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SEASIDE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$580,000
$549,000
$499,900
$575,000
-0.9%
Average Price per Square Foot ..............
$339
$401
$406
$402
18.6%
Properties Sold ...................................
7
12
13
19
171.4%
Properties Pending Sale .......................
21
12
14
18
-14.3%
Properties For Sale ..............................
60
39
41
40
-33.3%
Days on Market (Pending Sale) .............
22
63
28
24
9.1%
Month’s Supply of Inventory .................
8.6
3.2
3.2
2.1
-75.4%
Percent Under Contract .......................
35.0%
30.8%
34.1%
45.0%
28.6%
$491,292
$570,014
$557,295
$542,172
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$580
AUG
$575,000
SEP OCT
MEDIAN SALES PRICE
NOV
$402
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
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 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : July 2018
SAN DIEGO COUNTY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$619,500
$595,000
$640,000
$657,000
6.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2050
1316
1906
1989
-3.0%
Properties Pending Sale .......................
2286
1791
2285
2194
-4.0%
Properties For Sale ..............................
7,383
5,509
6,932
8,032
8.8%
Days on Market (Pending Sale) .............
35
38
31
36
2.9%
Month’s Supply of Inventory .................
3.6
4.2
3.6
4
12.1%
Percent Under Contract .......................
31.0%
32.5%
33.0%
27.3%
-11.8%
$582,748
$641,500
$654,000
$625,346
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $619
JUL AUG
$657,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$657 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$789,000
$799,762
$850,000
$910,000
15.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
9
10
15
9
0.0%
Properties Pending Sale .......................
9
12
10
16
77.8%
Properties For Sale ..............................
25
27
23
55
120.0%
Days on Market (Pending Sale) .............
42
25
18
29
-31.0%
Month’s Supply of Inventory .................
2.8
2.7
1.5
6.1
120.0%
Percent Under Contract .......................
36.0%
44.4%
43.5%
29.1%
-19.2%
$770,946
$872,625
$883,417
$858,243
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$789
AUG
$910,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$910 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CARLSBAD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$903,556
$945,000
$985,000
$1,050,000
16.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
92
58
109
90
-2.2%
Properties Pending Sale .......................
99
67
95
104
5.1%
Properties For Sale ..............................
329
198
295
376
14.3%
Days on Market (Pending Sale) .............
32
30
30
35
9.4%
Month’s Supply of Inventory .................
3.6
3.4
2.7
4.2
16.8%
Percent Under Contract .......................
30.1%
33.8%
32.2%
27.7%
-8.1%
$900,755
$1,006,250
$1,028,167
$968,250
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$903
AUG
$1,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CARMEL VALLEY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,315,000
$1,230,000
$1,350,000
$1,358,750
3.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
49
13
47
42
-14.3%
Properties Pending Sale .......................
41
24
61
57
39.0%
Properties For Sale ..............................
147
98
164
180
22.4%
Days on Market (Pending Sale) .............
45
29
25
31
-31.1%
Month’s Supply of Inventory .................
3
7.5
3.5
4.3
42.9%
Percent Under Contract .......................
27.9%
24.5%
37.2%
31.7%
13.5%
$1,212,208
$1,329,708
$1,345,417
$1,228,896
1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.315
JUL AUG
$1,358,750
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.358 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CHULA VISTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$564,750
$550,000
$549,000
$575,000
1.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
154
81
127
136
-11.7%
Properties Pending Sale .......................
150
128
151
151
0.7%
Properties For Sale ..............................
455
340
438
505
11.0%
Days on Market (Pending Sale) .............
32
32
30
35
9.4%
Month’s Supply of Inventory .................
3
4.2
3.4
3.7
25.7%
Percent Under Contract .......................
33.0%
37.6%
34.5%
29.9%
-9.3%
$526,981
$567,250
$573,667
$563,865
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $564
JUL AUG
$575,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$640,000
$692,444
$669,000
$690,000
7.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
41
19
35
36
-12.2%
Properties Pending Sale .......................
42
28
49
35
-16.7%
Properties For Sale ..............................
105
62
77
103
-1.9%
Days on Market (Pending Sale) .............
22
27
15
17
-22.7%
Month’s Supply of Inventory .................
2.6
3.3
2.2
2.9
11.7%
Percent Under Contract .......................
40.0%
45.2%
63.6%
34.0%
-15.0%
$621,129
$708,167
$695,833
$677,976
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$640
AUG
$690,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$690 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CORONADO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,850,000
$2,337,500
$2,600,000
$2,550,000
37.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
18
14
9
14
-22.2%
Properties Pending Sale .......................
16
10
27
13
-18.8%
Properties For Sale ..............................
118
84
113
112
-5.1%
Days on Market (Pending Sale) .............
58
74
79
48
-17.2%
Month’s Supply of Inventory .................
6.6
6
12.6
8
22.0%
Percent Under Contract .......................
13.6%
11.9%
23.9%
11.6%
-14.4%
$1,707,813
$2,256,458
$2,186,667
$2,243,519
23.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.850
AUG
$2,550,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DEL MAR
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,535,000
$1,895,000
$2,200,000
$1,950,000
27.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
8
17
17
12
50.0%
Properties Pending Sale .......................
17
19
16
4
-76.5%
Properties For Sale ..............................
127
87
90
90
-29.1%
Days on Market (Pending Sale) .............
52
49
46
116
123.1%
Month’s Supply of Inventory .................
15.9
5.1
5.3
7.5
-52.8%
Percent Under Contract .......................
13.4%
21.8%
17.8%
4.4%
-66.8%
$1,759,313
$2,074,833
$2,095,500
$2,023,048
13.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.535
AUG
$1,950,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.950 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EL CAJON
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$496,500
$490,000
$535,000
$580,500
16.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
88
77
105
96
9.1%
Properties Pending Sale .......................
120
99
95
107
-10.8%
Properties For Sale ..............................
319
262
307
378
18.5%
Days on Market (Pending Sale) .............
28
51
35
33
17.9%
Month’s Supply of Inventory .................
3.6
3.4
2.9
3.9
8.6%
Percent Under Contract .......................
37.6%
37.8%
30.9%
28.3%
-24.8%
$493,755
$541,667
$569,333
$526,881
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$496
AUG
$580,500
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ENCINITAS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,210,000
$1,180,000
$1,255,000
$1,215,250
0.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
35
18
25
44
25.7%
Properties Pending Sale .......................
48
39
30
44
-8.3%
Properties For Sale ..............................
157
112
124
155
-1.3%
Days on Market (Pending Sale) .............
37
41
27
47
27.0%
Month’s Supply of Inventory .................
4.5
6.2
5
3.5
-21.5%
Percent Under Contract .......................
30.6%
34.8%
24.2%
28.4%
-7.2%
$1,197,889
$1,372,625
$1,256,583
$1,293,865
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.210
AUG
$1,215,250
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.215 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ESCONDIDO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$532,000
$517,000
$558,900
$611,000
14.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
151
102
119
136
-9.9%
Properties Pending Sale .......................
165
123
158
133
-19.4%
Properties For Sale ..............................
551
377
458
545
-1.1%
Days on Market (Pending Sale) .............
29
46
29
40
37.9%
Month’s Supply of Inventory .................
3.6
3.7
3.8
4
9.8%
Percent Under Contract .......................
29.9%
32.6%
34.5%
24.4%
-18.5%
$518,208
$570,650
$586,833
$549,608
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$532
AUG
$611,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$611 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
IMPERIAL-BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$545,000
$517,500
$620,000
$617,000
13.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
13
12
21
8
-38.5%
Properties Pending Sale .......................
18
11
16
17
-5.6%
Properties For Sale ..............................
40
42
56
46
15.0%
Days on Market (Pending Sale) .............
41
12
36
40
-2.4%
Month’s Supply of Inventory .................
3.1
3.5
2.7
5.8
86.9%
Percent Under Contract .......................
45.0%
26.2%
28.6%
37.0%
-17.9%
$550,406
$603,667
$612,333
$585,538
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$545
AUG
$617,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$617 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LA JOLLA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$2,332,500
$2,750,000
$2,377,500
$1,875,000
-19.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
20
17
31
29
45.0%
Properties Pending Sale .......................
24
16
41
36
50.0%
Properties For Sale ..............................
272
205
237
261
-4.0%
Days on Market (Pending Sale) .............
74
65
40
53
-28.4%
Month’s Supply of Inventory .................
13.6
12.1
7.6
9
-33.8%
Percent Under Contract .......................
8.8%
7.8%
17.3%
13.8%
56.3%
$2,023,167
$2,073,333
$1,914,500
$2,200,558
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$2.332
AUG
$1,875,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LA MESA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$575,388
$585,000
$600,000
$597,000
3.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
62
35
58
61
-1.6%
Properties Pending Sale .......................
69
56
69
47
-31.9%
Properties For Sale ..............................
163
151
183
191
17.2%
Days on Market (Pending Sale) .............
26
30
26
23
-11.5%
Month’s Supply of Inventory .................
2.4
2.7
2.7
3.1
32.5%
Percent Under Contract .......................
42.3%
37.1%
37.7%
24.6%
-41.9%
$544,616
$585,875
$584,417
$583,241
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $575
JUL AUG
$597,000
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
$597 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$645,000
$622,500
$650,000
$629,000
-2.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
20
14
15
19
-5.0%
Properties Pending Sale .......................
17
16
24
20
17.6%
Properties For Sale ..............................
38
26
47
53
39.5%
Days on Market (Pending Sale) .............
29
22
9
13
-55.2%
Month’s Supply of Inventory .................
2.2
1.6
2
2.8
24.8%
Percent Under Contract .......................
44.7%
61.5%
51.1%
37.7%
-15.6%
$569,575
$638,354
$639,542
$628,183
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $645
JUL AUG
$629,000
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
$629 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LEMON GROVE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$452,500
$450,000
$485,000
$457,500
1.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
21
17
12
20
-4.8%
Properties Pending Sale .......................
22
25
33
20
-9.1%
Properties For Sale ..............................
54
45
57
50
-7.4%
Days on Market (Pending Sale) .............
48
28
26
24
-50.0%
Month’s Supply of Inventory .................
2.5
1.8
1.7
2.5
1.9%
Percent Under Contract .......................
40.7%
55.6%
57.9%
40.0%
-1.8%
$429,771
$463,750
$457,500
$453,038
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $452
JUL AUG
$457,500
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$457 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
NATIONAL CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$423,500
$460,000
$420,000
$455,000
7.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
18
9
13
11
-38.9%
Properties Pending Sale .......................
24
18
25
13
-45.8%
Properties For Sale ..............................
58
45
43
36
-37.9%
Days on Market (Pending Sale) .............
31
54
35
31
0.0%
Month’s Supply of Inventory .................
2.4
2.5
1.7
3.3
35.4%
Percent Under Contract .......................
41.4%
40.0%
58.1%
36.1%
-12.7%
$388,896
$430,000
$443,333
$431,112
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $423
JUL AUG
$455,000
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
$455 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
OCEANSIDE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$559,000
$568,375
$565,000
$607,500
8.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
135
92
108
128
-5.2%
Properties Pending Sale .......................
159
112
132
123
-22.6%
Properties For Sale ..............................
380
251
351
385
1.3%
Days on Market (Pending Sale) .............
27
34
26
38
40.7%
Month’s Supply of Inventory .................
2.8
2.7
3.2
3
6.9%
Percent Under Contract .......................
41.8%
44.6%
37.6%
31.9%
-23.6%
$1,060,000
$575,750
$593,833
$565,744
-87.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$559
AUG
$607,500
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
$607 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
POWAY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$793,000
$783,500
$825,000
$814,500
2.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
53
30
41
54
1.9%
Properties Pending Sale .......................
47
36
49
55
17.0%
Properties For Sale ..............................
177
101
144
178
0.6%
Days on Market (Pending Sale) .............
23
22
23
32
39.1%
Month’s Supply of Inventory .................
3.3
3.4
3.5
3.3
-1.3%
Percent Under Contract .......................
26.6%
35.6%
34.0%
30.9%
16.4%
$707,025
$777,500
$773,333
$763,535
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $793
JUL AUG
$814,500
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
$814 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
RANCHO BERNARDO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$887,062
$821,100
$815,000
$885,000
-0.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
116
57
91
95
-18.1%
Properties Pending Sale .......................
96
68
106
116
20.8%
Properties For Sale ..............................
276
209
314
388
40.6%
Days on Market (Pending Sale) .............
32
30
29
29
-9.4%
Month’s Supply of Inventory .................
4.2
4.3
5
4.1
-3.4%
Percent Under Contract .......................
34.8%
32.5%
33.8%
29.9%
-14.0%
$792,334
$849,500
$873,333
$852,282
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $887
JUL AUG
$885,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$885 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN MARCOS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$649,000
$649,000
$707,000
$692,000
6.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
63
42
72
81
28.6%
Properties Pending Sale .......................
83
61
76
81
-2.4%
Properties For Sale ..............................
196
136
211
248
26.5%
Days on Market (Pending Sale) .............
28
39
25
29
3.6%
Month’s Supply of Inventory .................
3.1
3.2
2.9
3.1
-1.6%
Percent Under Contract .......................
42.3%
44.9%
36.0%
32.7%
-22.9%
$599,083
$664,803
$693,940
$652,025
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$649
AUG
$692,000
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
$692 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SAN DIEGO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$647,000
$685,000
$673,000
$669,000
3.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
70
43
65
55
-21.4%
Properties Pending Sale .......................
68
56
83
55
-19.1%
Properties For Sale ..............................
168
115
147
157
-6.5%
Days on Market (Pending Sale) .............
27
25
13
16
-40.7%
Month’s Supply of Inventory .................
2.4
2.7
2.3
2.9
18.9%
Percent Under Contract .......................
40.5%
48.7%
56.5%
35.0%
-13.5%
$610,216
$682,917
$678,833
$667,162
8.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $647
JUL AUG
$669,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$669 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTEE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$511,000
$530,000
$530,000
$560,000
9.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
47
29
38
44
-6.4%
Properties Pending Sale .......................
41
33
75
46
12.2%
Properties For Sale ..............................
92
80
144
127
38.0%
Days on Market (Pending Sale) .............
29
32
30
23
-20.7%
Month’s Supply of Inventory .................
2
2.8
3.8
2.9
47.5%
Percent Under Contract .......................
44.6%
41.2%
52.1%
36.2%
-18.7%
$485,617
$546,917
$556,500
$532,958
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$511
AUG
$560,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SOLANA BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,362,500
$1,700,000
$1,649,000
$1,800,000
32.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
8
5
9
7
-12.5%
Properties Pending Sale .......................
10
7
7
11
10.0%
Properties For Sale ..............................
39
29
28
30
-23.1%
Days on Market (Pending Sale) .............
55
85
49
24
-56.4%
Month’s Supply of Inventory .................
4.9
5.8
3.1
4.3
-12.1%
Percent Under Contract .......................
25.6%
24.1%
25.0%
36.7%
43.0%
$1,593,583
$1,724,000
$1,949,167
$1,652,365
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.362
AUG
$1,800,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SPRING VALLEY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$440,000
$488,500
$505,000
$472,500
7.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
45
41
41
58
28.9%
Properties Pending Sale .......................
55
49
57
57
3.6%
Properties For Sale ..............................
141
113
151
153
8.5%
Days on Market (Pending Sale) .............
25
30
25
30
20.0%
Month’s Supply of Inventory .................
3.1
2.8
3.7
2.6
-15.8%
Percent Under Contract .......................
39.0%
43.4%
37.7%
37.3%
-4.5%
$441,850
$490,000
$480,833
$476,115
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$440
AUG
$472,500
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
$472 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
VISTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$519,000
$560,000
$560,000
$560,000
7.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
75
43
62
70
-6.7%
Properties Pending Sale .......................
91
61
78
77
-15.4%
Properties For Sale ..............................
255
183
233
277
8.6%
Days on Market (Pending Sale) .............
34
29
24
33
-2.9%
Month’s Supply of Inventory .................
3.4
4.3
3.8
4
16.4%
Percent Under Contract .......................
35.7%
33.3%
33.5%
27.8%
-22.1%
$507,083
$554,421
$556,675
$549,987
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$519
AUG
$560,000
SEP OCT
MEDIAN SALES PRICE
NOV
N/A
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
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 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : July 2018
BERMUDA DUNES
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$510,000
$337,912
$440,000
$0
-100.0%
Average Price per Square Foot ..............
$132
$155
$228
$0
-100.0%
Properties Sold ...................................
1
2
2
0
-100.0%
Properties Pending Sale .......................
0
0
0
2
n/a
Properties For Sale ..............................
13
10
7
6
-53.8%
Days on Market (Pending Sale) .............
0
0
0
86
n/a
Month’s Supply of Inventory .................
13
5
3.5
n/a
n/a
Percent Under Contract .......................
0.0%
0.0%
0.0%
33.3%
n/a
$343,625
$429,750
$394,500
$449,691
23.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$510
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CATHEDRAL CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$315,000
$326,000
$327,500
$359,500
14.1%
Average Price per Square Foot ..............
$174
$198
$194
$186
6.9%
Properties Sold ...................................
28
20
30
23
-17.9%
Properties Pending Sale .......................
34
35
23
26
-23.5%
Properties For Sale ..............................
107
122
100
89
-16.8%
Days on Market (Pending Sale) .............
53
48
48
38
-28.3%
Month’s Supply of Inventory .................
3.8
6.1
3.3
3.9
1.3%
Percent Under Contract .......................
31.8%
28.7%
23.0%
29.2%
-8.1%
$283,638
$322,333
$323,167
$315,535
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$315
AUG
$359,500
SEP OCT
MEDIAN SALES PRICE
NOV
$186
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$359 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
COACHELLA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$259,950
$272,000
$263,000
$129,000
-50.4%
Average Price per Square Foot ..............
$133
$122
$137
$108
-18.8%
Properties Sold ...................................
4
2
5
1
-75.0%
Properties Pending Sale .......................
3
5
3
3
0.0%
Properties For Sale ..............................
12
19
12
15
25.0%
Days on Market (Pending Sale) .............
30
25
66
28
-6.7%
Month’s Supply of Inventory .................
3
9.5
2.4
15
400.0%
Percent Under Contract .......................
25.0%
26.3%
25.0%
20.0%
-20.0%
$216,033
$231,500
$208,000
$240,146
10.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $259
JUL AUG
$129,000
SEP OCT
MEDIAN SALES PRICE
NOV
$108
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
15 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$129 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DESERT HOT SPRINGS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$205,500
$226,000
$208,500
$220,000
7.1%
Average Price per Square Foot ..............
$129
$127
$132
$134
3.9%
Properties Sold ...................................
16
30
32
28
75.0%
Properties Pending Sale .......................
34
31
41
39
14.7%
Properties For Sale ..............................
185
169
156
134
-27.6%
Days on Market (Pending Sale) .............
62
87
54
81
30.6%
Month’s Supply of Inventory .................
11.6
5.6
4.9
4.8
-58.6%
Percent Under Contract .......................
18.4%
18.3%
26.3%
29.1%
58.4%
$186,983
$217,492
$220,817
$215,892
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$205
AUG
$220,000
SEP OCT
MEDIAN SALES PRICE
NOV
$134
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$220 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
INDIAN WELLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$0
$1,190,000
$410,000
$530,000
n/a
Average Price per Square Foot ..............
$0
$269
$146
$250
n/a
Properties Sold ...................................
0
4
1
1
n/a
Properties Pending Sale .......................
0
1
1
1
n/a
Properties For Sale ..............................
11
13
15
13
18.2%
Days on Market (Pending Sale) .............
0
57
11
11
n/a
Month’s Supply of Inventory .................
n/a
3.2
15
13
n/a
Percent Under Contract .......................
0.0%
7.7%
6.7%
7.7%
n/a
$614,479
$545,800
$616,333
$699,833
12.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$530,000
SEP OCT
MEDIAN SALES PRICE
NOV
$250
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
13 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
INDIO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$281,000
$297,500
$294,500
$333,995
18.9%
Average Price per Square Foot ..............
$136
$167
$158
$173
27.2%
Properties Sold ...................................
17
22
18
16
-5.9%
Properties Pending Sale .......................
24
22
18
20
-16.7%
Properties For Sale ..............................
93
96
89
85
-8.6%
Days on Market (Pending Sale) .............
60
56
73
68
13.3%
Month’s Supply of Inventory .................
5.5
4.4
4.9
5.3
-2.9%
Percent Under Contract .......................
25.8%
22.9%
20.2%
23.5%
-8.8%
$289,830
$304,693
$316,970
$293,147
1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$281
AUG
$333,995
SEP OCT
MEDIAN SALES PRICE
NOV
$173
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$333 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
LA QUINTA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$310,000
$370,000
$385,000
$355,000
14.5%
Average Price per Square Foot ..............
$225
$196
$216
$202
-10.2%
Properties Sold ...................................
9
7
12
15
66.7%
Properties Pending Sale .......................
8
8
10
18
125.0%
Properties For Sale ..............................
82
76
79
86
4.9%
Days on Market (Pending Sale) .............
87
54
64
55
-36.8%
Month’s Supply of Inventory .................
9.1
10.9
6.6
5.7
-37.1%
Percent Under Contract .......................
9.8%
10.5%
12.7%
20.9%
114.5%
$352,598
$389,392
$402,817
$375,085
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$310
AUG
$355,000
SEP OCT
MEDIAN SALES PRICE
NOV
$202
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$355 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PALM DESERT
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$365,000
$508,900
$395,000
$383,750
5.1%
Average Price per Square Foot ..............
$204
$229
$217
$203
-0.5%
Properties Sold ...................................
17
13
27
26
52.9%
Properties Pending Sale .......................
20
21
22
14
-30.0%
Properties For Sale ..............................
80
118
110
82
2.5%
Days on Market (Pending Sale) .............
68
59
55
42
-38.2%
Month’s Supply of Inventory .................
4.7
9.1
4.1
3.2
-33.0%
Percent Under Contract .......................
25.0%
17.8%
20.0%
17.1%
-31.7%
$344,638
$367,958
$377,583
$377,665
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$365
AUG
$383,750
SEP OCT
MEDIAN SALES PRICE
NOV
$203
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$383 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
PALM SPRINGS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$623,000
$649,250
$665,000
$612,500
-1.7%
Average Price per Square Foot ..............
$337
$330
$398
$354
5.0%
Properties Sold ...................................
61
54
89
74
21.3%
Properties Pending Sale .......................
65
72
96
79
21.5%
Properties For Sale ..............................
378
421
445
364
-3.7%
Days on Market (Pending Sale) .............
81
67
72
70
-13.6%
Month’s Supply of Inventory .................
6.2
7.8
5
4.9
-20.6%
Percent Under Contract .......................
17.2%
17.1%
21.6%
21.7%
26.2%
$589,663
$641,000
$621,667
$629,896
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$623
AUG
$612,500
SEP OCT
MEDIAN SALES PRICE
NOV
$354
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$612 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
RANCHO MIRAGE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$539,000
$552,750
$625,000
$485,000
-10.0%
Average Price per Square Foot ..............
$186
$322
$253
$217
16.7%
Properties Sold ...................................
15
12
23
11
-26.7%
Properties Pending Sale .......................
22
23
17
15
-31.8%
Properties For Sale ..............................
123
142
129
105
-14.6%
Days on Market (Pending Sale) .............
71
67
62
84
18.3%
Month’s Supply of Inventory .................
8.2
11.8
5.6
9.5
16.4%
Percent Under Contract .......................
17.9%
16.2%
13.2%
14.3%
-20.1%
$530,833
$592,500
$567,500
$576,481
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$485,000
SEP OCT
MEDIAN SALES PRICE
NOV
$217
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
9.5 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$485 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
THOUSAND PALMS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$0
$500,000
$280,250
$235,000
n/a
Average Price per Square Foot ..............
$0
$133
$162
$172
n/a
Properties Sold ...................................
0
1
2
1
n/a
Properties Pending Sale .......................
1
1
1
2
100.0%
Properties For Sale ..............................
10
8
12
12
20.0%
Days on Market (Pending Sale) .............
23
13
40
114
395.7%
Month’s Supply of Inventory .................
10
8
12
12
20.0%
Percent Under Contract .......................
10.0%
12.5%
8.3%
16.7%
66.7%
Average Median Price for Last 12 Months
$83,748
$250,708
$268,333
$299,375
72.0%
*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 AUG
$235,000
SEP OCT
MEDIAN SALES PRICE
NOV
$172
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
12 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$235 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
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 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : July 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$742,509
$455,000
$775,000
$850,000
14.5%
Average Price per Square Foot ..............
$591
$948
$625
$623
5.4%
Properties Sold ...................................
8
1
11
5
-37.5%
Properties Pending Sale .......................
15
3
6
13
-13.3%
Properties For Sale ..............................
37
16
21
33
-10.8%
Days on Market (Pending Sale) .............
32
7
21
34
6.2%
Month’s Supply of Inventory .................
4.6
16
1.9
6.6
42.7%
Percent Under Contract .......................
40.5%
18.8%
28.6%
39.4%
-2.8%
$738,084
$839,667
$885,333
$783,116
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$742
AUG
$850,000
SEP OCT
MEDIAN SALES PRICE
NOV
$623
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
6.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BEVERLY HILLS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,392,500
$1,100,000
$1,279,000
$1,188,000
-14.7%
Average Price per Square Foot ..............
$730
$639
$783
$1,199
64.2%
Properties Sold ...................................
8
3
6
8
0.0%
Properties Pending Sale .......................
13
13
10
7
-46.2%
Properties For Sale ..............................
74
42
37
56
-24.3%
Days on Market (Pending Sale) .............
51
44
20
53
3.9%
Month’s Supply of Inventory .................
9.2
14
6.2
7
-24.3%
Percent Under Contract .......................
17.6%
31.0%
27.0%
12.5%
-28.8%
$1,283,708
$1,239,177
$1,192,021
$1,232,885
-4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.392
JUL AUG
$1,188,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,199
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.188 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
BRENTWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$762,500
$765,000
$1,042,500
$1,100,000
44.3%
Average Price per Square Foot ..............
$716
$655
$656
$696
-2.8%
Properties Sold ...................................
14
10
14
21
50.0%
Properties Pending Sale .......................
12
7
16
18
50.0%
Properties For Sale ..............................
56
36
55
61
8.9%
Days on Market (Pending Sale) .............
37
24
22
30
-18.9%
Month’s Supply of Inventory .................
4
3.6
3.9
2.9
-27.4%
Percent Under Contract .......................
21.4%
19.4%
29.1%
29.5%
37.7%
$850,421
$965,558
$998,450
$918,950
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$762
AUG
$1,100,000
SEP OCT
MEDIAN SALES PRICE
NOV
$696
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
CULVER CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$541,000
$522,500
$530,000
$567,500
4.9%
Average Price per Square Foot ..............
$598
$518
$556
$569
-4.8%
Properties Sold ...................................
15
14
11
14
-6.7%
Properties Pending Sale .......................
9
9
11
19
111.1%
Properties For Sale ..............................
23
18
23
45
95.7%
Days on Market (Pending Sale) .............
24
16
21
16
-33.3%
Month’s Supply of Inventory .................
1.5
1.3
2.1
3.2
109.6%
Percent Under Contract .......................
39.1%
50.0%
47.8%
42.2%
7.9%
$492,631
$577,875
$580,000
$556,327
12.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$541
AUG
$567,500
SEP OCT
MEDIAN SALES PRICE
NOV
$569
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$567 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
DOWNTOWN
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$703,250
$670,000
$598,000
$640,000
-9.0%
Average Price per Square Foot ..............
$713
$669
$638
$706
-1.0%
Properties Sold ...................................
42
29
39
38
-9.5%
Properties Pending Sale .......................
47
44
45
31
-34.0%
Properties For Sale ..............................
245
187
182
199
-18.8%
Days on Market (Pending Sale) .............
51
65
36
49
-3.9%
Month’s Supply of Inventory .................
5.8
6.4
4.7
5.2
-10.2%
Percent Under Contract .......................
19.2%
23.5%
24.7%
15.6%
-18.8%
$588,271
$636,542
$667,167
$641,423
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $703
JUL AUG
$640,000
SEP OCT
MEDIAN SALES PRICE
NOV
$706
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
ENCINO
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$389,000
$390,000
$390,000
$388,000
-0.3%
Average Price per Square Foot ..............
$372
$371
$405
$381
2.4%
Properties Sold ...................................
20
15
11
12
-40.0%
Properties Pending Sale .......................
20
17
18
16
-20.0%
Properties For Sale ..............................
30
18
20
27
-10.0%
Days on Market (Pending Sale) .............
49
47
41
56
14.3%
Month’s Supply of Inventory .................
1.5
1.2
1.8
2.2
50.0%
Percent Under Contract .......................
66.7%
94.4%
90.0%
59.3%
-11.1%
$356,500
$419,167
$374,667
$391,923
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$389
AUG
$388,000
SEP OCT
MEDIAN SALES PRICE
NOV
$381
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$388 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MALIBU
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$875,000
$1,210,000
$0
$1,025,000
17.1%
Average Price per Square Foot ..............
$723
$676
$0
$649
-10.2%
Properties Sold ...................................
4
1
0
3
-25.0%
Properties Pending Sale .......................
3
4
0
3
0.0%
Properties For Sale ..............................
17
20
19
28
64.7%
Days on Market (Pending Sale) .............
87
26
0
31
-64.4%
Month’s Supply of Inventory .................
4.2
20
n/a
0.9
-78.7%
Percent Under Contract .......................
17.6%
20.0%
0.0%
10.7%
-39.3%
$776,583
$896,250
$830,000
$949,722
22.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,025,000
SEP OCT
MEDIAN SALES PRICE
NOV
$649
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
0.9 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.025 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MALIBU BEACH
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$725,000
$0
$780,000
$1,125,000
55.2%
Average Price per Square Foot ..............
$1,058
$0
$1,496
$1,672
58.0%
Properties Sold ...................................
2
0
3
2
0.0%
Properties Pending Sale .......................
0
0
3
5
n/a
Properties For Sale ..............................
11
13
16
19
72.7%
Days on Market (Pending Sale) .............
0
0
124
91
n/a
Month’s Supply of Inventory .................
5.5
n/a
5.3
0.2
-96.2%
Percent Under Contract .......................
0.0%
0.0%
18.8%
26.3%
n/a
$890,667
$1,016,042
$1,085,417
$1,125,267
26.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,125,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,672
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
0.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.125 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
MARINA DEL REY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,000,000
$1,000,000
$1,077,500
$1,065,000
6.5%
Average Price per Square Foot ..............
$692
$762
$683
$752
8.7%
Properties Sold ...................................
19
17
12
20
5.3%
Properties Pending Sale .......................
16
22
21
23
43.8%
Properties For Sale ..............................
100
78
84
103
3.0%
Days on Market (Pending Sale) .............
61
34
42
39
-36.1%
Month’s Supply of Inventory .................
5.3
4.6
7
5.2
-2.1%
Percent Under Contract .......................
16.0%
28.2%
25.0%
22.3%
39.6%
$918,470
$1,040,417
$1,083,333
$979,346
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.000
AUG
$1,065,000
SEP OCT
MEDIAN SALES PRICE
NOV
$752
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
5.2 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.065 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SANTA MONICA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$900,000
$1,211,000
$1,007,000
$1,080,000
20.0%
Average Price per Square Foot ..............
$987
$997
$977
$982
-0.5%
Properties Sold ...................................
19
15
34
29
52.6%
Properties Pending Sale .......................
39
26
39
19
-51.3%
Properties For Sale ..............................
105
96
124
105
0.0%
Days on Market (Pending Sale) .............
26
41
24
24
-7.7%
Month’s Supply of Inventory .................
5.5
6.4
3.6
3.6
-34.5%
Percent Under Contract .......................
37.1%
27.1%
31.5%
18.1%
-51.3%
$910,563
$1,084,583
$1,105,000
$1,060,115
16.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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
$1,080,000
SEP OCT
MEDIAN SALES PRICE
NOV
$982
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$1.080 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
SHERMAN OAKS
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$508,000
$486,000
$552,000
$528,000
3.9%
Average Price per Square Foot ..............
$372
$420
$437
$418
12.4%
Properties Sold ...................................
23
14
17
21
-8.7%
Properties Pending Sale .......................
32
18
21
24
-25.0%
Properties For Sale ..............................
24
14
23
45
87.5%
Days on Market (Pending Sale) .............
58
41
31
46
-20.7%
Month’s Supply of Inventory .................
1
1
1.4
2.1
105.4%
Percent Under Contract .......................
133.3%
128.6%
91.3%
53.3%
-60.0%
Average Median Price for Last 12 Months
$467,417
$553,167
$545,667
$530,923
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$508
AUG
$528,000
SEP OCT
MEDIAN SALES PRICE
NOV
$418
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.1 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$528 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
STUDIO CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$715,000
$625,000
$725,000
$665,000
-7.0%
Average Price per Square Foot ..............
$480
$485
$507
$504
5.0%
Properties Sold ...................................
19
11
5
10
-47.4%
Properties Pending Sale .......................
21
7
8
10
-52.4%
Properties For Sale ..............................
21
10
8
14
-33.3%
Days on Market (Pending Sale) .............
50
52
51
40
-20.0%
Month’s Supply of Inventory .................
1.1
0.9
1.6
1.4
26.7%
Percent Under Contract .......................
100.0%
70.0%
100.0%
71.4%
-28.6%
Average Median Price for Last 12 Months
$599,833
$670,167
$681,000
$685,462
14.3%
*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
$715
AUG
$665,000
SEP OCT
MEDIAN SALES PRICE
NOV
$504
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
1.4 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$665 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
VENICE
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$1,243,500
$1,240,000
$1,710,000
$2,050,000
64.9%
Average Price per Square Foot ..............
$1,288
$963
$932
$1,247
-3.2%
Properties Sold ...................................
2
3
1
1
-50.0%
Properties Pending Sale .......................
1
3
1
3
200.0%
Properties For Sale ..............................
18
13
12
14
-22.2%
Days on Market (Pending Sale) .............
63
362
166
39
-38.1%
Month’s Supply of Inventory .................
9
4.3
12
14
55.6%
Percent Under Contract .......................
5.6%
23.1%
8.3%
21.4%
285.7%
$1,069,292
$1,755,250
$1,847,083
$1,457,250
36.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$1.243
AUG
$2,050,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,247
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
14 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST HOLLYWOOD
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$684,500
$805,000
$798,000
$780,000
14.0%
Average Price per Square Foot ..............
$642
$685
$785
$734
14.3%
Properties Sold ...................................
26
17
28
35
34.6%
Properties Pending Sale .......................
36
19
30
27
-25.0%
Properties For Sale ..............................
132
78
99
117
-11.4%
Days on Market (Pending Sale) .............
34
44
22
32
-5.9%
Month’s Supply of Inventory .................
5.1
4.6
3.5
3.3
-34.2%
Percent Under Contract .......................
27.3%
24.4%
30.3%
23.1%
-15.4%
$682,083
$746,250
$786,167
$735,627
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$684
AUG
$780,000
SEP OCT
MEDIAN SALES PRICE
NOV
$734
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
3.3 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WEST LA
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$700,000
$930,000
$928,098
$860,000
22.9%
Average Price per Square Foot ..............
$596
$624
$660
$650
9.1%
Properties Sold ...................................
13
5
10
13
0.0%
Properties Pending Sale .......................
13
7
9
15
15.4%
Properties For Sale ..............................
31
20
30
36
16.1%
Days on Market (Pending Sale) .............
21
26
12
32
52.4%
Month’s Supply of Inventory .................
2.4
4
3
2.8
16.1%
Percent Under Contract .......................
41.9%
35.0%
30.0%
41.7%
-0.6%
$770,196
$898,433
$860,167
$850,982
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$700
AUG
$860,000
SEP OCT
MEDIAN SALES PRICE
NOV
$650
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
2.8 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
WESTWOOD - CENTURY CITY
DATA*
Jul 2017
6 MONTH
3 MONTH
Jul 2018
% CHANGE
Median Price ......................................
$897,500
$1,070,000
$1,004,375
$896,000
-0.2%
Average Price per Square Foot ..............
$680
$774
$752
$741
9.0%
Properties Sold ...................................
42
31
46
49
16.7%
Properties Pending Sale .......................
35
41
41
45
28.6%
Properties For Sale ..............................
196
175
192
225
14.8%
Days on Market (Pending Sale) .............
55
49
26
34
-38.2%
Month’s Supply of Inventory .................
4.7
5.6
4.2
4.6
-1.6%
Percent Under Contract .......................
17.9%
23.4%
21.4%
20.0%
12.0%
$860,354
$984,896
$999,500
$948,452
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUL
$897
AUG
$896,000
SEP OCT
MEDIAN SALES PRICE
NOV
$741
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
4.6 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$896 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : July 2018
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH July 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego