micro market report luxury real estate market research June 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Redondo Beach
Toluca Lake
Bel Air - Holmby Hills
Mid Wilshire
Rolling Hills
Valley Village
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills Estates
Woodland Hills
Beverly Hills
Palms - Mar Vista
San Pedro
San Gabriel Valley Macro
Beverly Hills P.O.
Playa del Rey
Torrance
Altadena
Beverlywood
Playa Vista
San Fernando Macro
Arcadia
Brentwood
Santa Monica
Burbank
Duarte
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Encino
Eagle Rock
Culver City
Venice
Glendale
La Canada Flintridge
Hancock Park - Wilshire
West Hollywood
La Crescenta
Monrovia
Hollywood
West Los Angeles
North Hollywood
Pasadena
Hollywood Hills East
Westchester
Shadow Hills
San Gabriel
Laurel Canyon
Westwood - Century City
Sherman Oaks
San Marino
Los Feliz
South Bay Macro
Studio City
Sierra Madre
Malibu
Manhattan Beach
Sun Valley
South Pasadena
Malibu Beach
Palos Verdes Estates
Sunland - Tujunga
Marina del Rey
Rancho Palos Verdes
Tarzana
Micro Market Report : June 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : June 2014
telesproperties.com
Los Angeles County DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$860,000
$871,000
$888,000
$1,022,500
18.9%
Average Price per Square Foot ...........................
$568
$607
$607
$637
12.1%
Properties Sold .......................................................
841
705
611
726
-13.7%
Properties Pending Sale .......................................
871
511
828
877
0.7%
Properties For Sale ................................................
3,518
2,953
3,444
3,950
12.3%
Days on Market (Pending Sale) ...........................
40
60
52
42
5.0%
Month’s Supply of Inventory ................................
4.2
4.2
5.6
5.4
30.1%
Percent Under Contract ........................................
24.8%
17.3%
24.0%
22.2%
-10.3%
Average Median Price for Last 12 Months ........
$700,000
$904,542
$943,333
$879,019
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$860
JUL
$1,022,500
AUG SEP
MEDIAN SALES PRICE
OCT
$637
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,500,000
$1,526,000
$1,990,000
$2,300,000
-8.0%
Average Price per Square Foot ...........................
$941
$742
$767
$970
3.1%
Properties Sold .......................................................
17
9
14
10
-41.2%
Properties Pending Sale .......................................
13
8
13
11
-15.4%
Properties For Sale ................................................
117
100
102
117
0.0%
Days on Market (Pending Sale) ...........................
85
124
97
81
-4.7%
Month’s Supply of Inventory ................................
6.9
11.1
7.3
11.7
70.0%
Percent Under Contract ........................................
11.1%
8.0%
12.7%
9.4%
-15.4%
Average Median Price for Last 12 Months ........
$1,894,000
$3,151,049
$4,369,598
$2,575,638
26.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.500
JUL
$2,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$970
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
11.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,075,000
$1,235,000
$1,150,000
$1,429,000
32.9%
Average Price per Square Foot ...........................
$605
$535
$614
$738
22.0%
Properties Sold .......................................................
21
13
16
16
-23.8%
Properties Pending Sale .......................................
22
11
18
18
-18.2%
Properties For Sale ................................................
58
44
65
74
27.6%
Days on Market (Pending Sale) ...........................
63
50
42
20
-68.3%
Month’s Supply of Inventory ................................
2.8
3.4
4.1
4.6
67.5%
Percent Under Contract ........................................
37.9%
25.0%
27.7%
24.3%
-35.9%
Average Median Price for Last 12 Months ........
$1,018,000
$1,295,875
$1,308,000
$1,283,957
20.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.075
JUL
$1,429,000
AUG SEP
MEDIAN SALES PRICE
OCT
$738
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.429 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Beverly Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$3,002,500
$6,219,900
$4,650,000
$2,795,000
-6.9%
Average Price per Square Foot ...........................
$1,072
$1,202
$1,041
$1,182
10.3%
Properties Sold .......................................................
12
12
11
11
-8.3%
Properties Pending Sale .......................................
15
7
18
17
13.3%
Properties For Sale ................................................
109
79
86
97
-11.0%
Days on Market (Pending Sale) ...........................
68
83
91
54
-20.6%
Month’s Supply of Inventory ................................
9.1
6.6
7.8
8.8
-2.9%
Percent Under Contract ........................................
13.8%
8.9%
20.9%
17.5%
27.4%
Average Median Price for Last 12 Months ........
$4,084,000
$4,791,750
$4,434,000
$4,757,338
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$3.002
JUL
$2,795,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,182
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,825,000
$2,062,500
$2,650,000
$1,580,000
-13.4%
Average Price per Square Foot ...........................
$727
$909
$945
$786
8.1%
Properties Sold .......................................................
12
12
11
10
-16.7%
Properties Pending Sale .......................................
15
10
18
12
-20.0%
Properties For Sale ................................................
119
110
119
129
8.4%
Days on Market (Pending Sale) ...........................
47
81
103
46
-2.1%
Month’s Supply of Inventory ................................
9.9
9.2
10.8
12.9
30.1%
Percent Under Contract ........................................
12.6%
9.1%
15.1%
9.3%
-26.2%
Average Median Price for Last 12 Months ........
$1,947,000
$2,235,000
$2,128,333
$2,121,283
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.825
JUL
$1,580,000
AUG SEP
MEDIAN SALES PRICE
OCT
$786
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.580 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Beverlywood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$807,000
$1,287,500
$872,500
$980,500
21.5%
Average Price per Square Foot ...........................
$504
$557
$527
$627
24.4%
Properties Sold .......................................................
22
14
16
14
-36.4%
Properties Pending Sale .......................................
10
9
14
16
60.0%
Properties For Sale ................................................
44
45
50
61
38.6%
Days on Market (Pending Sale) ...........................
64
46
40
39
-39.1%
Month’s Supply of Inventory ................................
2
3.2
3.1
4.4
117.9%
Percent Under Contract ........................................
22.7%
20.0%
28.0%
26.2%
15.4%
Average Median Price for Last 12 Months ........
$779,000
$930,250
$984,333
$947,308
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$807
JUL
$980,500
AUG SEP
MEDIAN SALES PRICE
OCT
$627
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$980 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Brentwood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,415,000
$2,402,778
$2,740,000
$2,730,000
13.0%
Average Price per Square Foot ...........................
$794
$889
$1,033
$924
16.4%
Properties Sold .......................................................
28
24
7
28
0.0%
Properties Pending Sale .......................................
21
15
22
21
0.0%
Properties For Sale ................................................
109
78
111
113
3.7%
Days on Market (Pending Sale) ...........................
38
56
57
59
55.3%
Month’s Supply of Inventory ................................
3.9
3.2
15.9
4
3.7%
Percent Under Contract ........................................
19.3%
19.2%
19.8%
18.6%
-3.5%
Average Median Price for Last 12 Months ........
$2,059,000
$2,908,583
$2,823,833
$2,614,444
21.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.415
JUL
$2,730,000
AUG SEP
MEDIAN SALES PRICE
OCT
$924
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,493,750
$1,429,000
$1,525,900
$1,765,000
18.2%
Average Price per Square Foot ...........................
$612
$572
$706
$735
20.1%
Properties Sold .......................................................
14
8
2
11
-21.4%
Properties Pending Sale .......................................
9
3
9
5
-44.4%
Properties For Sale ................................................
26
13
20
22
-15.4%
Days on Market (Pending Sale) ...........................
31
41
13
43
38.7%
Month’s Supply of Inventory ................................
1.9
1.6
10
2
7.7%
Percent Under Contract ........................................
34.6%
23.1%
45.0%
22.7%
-34.3%
Average Median Price for Last 12 Months ........
$1,313,000
$1,644,733
$1,514,167
$1,567,262
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.493
JUL
$1,765,000
AUG SEP
MEDIAN SALES PRICE
OCT
$735
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Culver City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$862,000
$900,000
$667,500
$830,000
-3.7%
Average Price per Square Foot ...........................
$491
$538
$544
$545
11.0%
Properties Sold .......................................................
15
15
6
13
-13.3%
Properties Pending Sale .......................................
23
7
21
10
-56.5%
Properties For Sale ................................................
56
35
33
42
-25.0%
Days on Market (Pending Sale) ...........................
24
42
37
19
-20.8%
Month’s Supply of Inventory ................................
3.7
2.3
5.5
3.2
-13.5%
Percent Under Contract ........................................
41.1%
20.0%
63.6%
23.8%
-42.0%
Average Median Price for Last 12 Months ........
$729,000
$794,500
$864,000
$812,769
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$862
JUL
$830,000
AUG SEP
MEDIAN SALES PRICE
OCT
$545
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,211,500
$1,150,000
$1,163,000
$1,400,000
15.6%
Average Price per Square Foot ...........................
$546
$504
$578
$650
19.0%
Properties Sold .......................................................
27
25
20
22
-18.5%
Properties Pending Sale .......................................
31
18
25
22
-29.0%
Properties For Sale ................................................
106
86
99
105
-0.9%
Days on Market (Pending Sale) ...........................
43
40
44
53
23.3%
Month’s Supply of Inventory ................................
3.9
3.4
5
4.8
21.6%
Percent Under Contract ........................................
29.2%
20.9%
25.3%
21.0%
-28.4%
Average Median Price for Last 12 Months ........
$1,072,000
$1,352,075
$1,231,083
$1,291,006
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.211
JUL
$1,400,000
AUG SEP
MEDIAN SALES PRICE
OCT
$650
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Hollywood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$425,000
$489,500
$580,000
$1,007,614
137.1%
Average Price per Square Foot ...........................
$515
$570
$428
$572
11.1%
Properties Sold .......................................................
3
4
3
10
233.3%
Properties Pending Sale .......................................
8
1
0
7
-12.5%
Properties For Sale ................................................
23
10
17
22
-4.3%
Days on Market (Pending Sale) ...........................
33
22
0
46
39.4%
Month’s Supply of Inventory ................................
7.7
2.5
5.7
2.2
-71.3%
Percent Under Contract ........................................
34.8%
10.0%
0.0%
31.8%
-8.5%
Average Median Price for Last 12 Months ........
$659,000
$1,194,023
$1,063,371
$843,926
21.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$425
JUL
$1,007,614
AUG SEP
MEDIAN SALES PRICE
OCT
$572
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Hollywood Hills East DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,100,000
$1,381,000
$1,010,000
$1,101,650
0.1%
Average Price per Square Foot ...........................
$474
$572
$544
$563
18.8%
Properties Sold .......................................................
19
5
7
13
-31.6%
Properties Pending Sale .......................................
11
11
10
16
45.5%
Properties For Sale ................................................
70
46
50
66
-5.7%
Days on Market (Pending Sale) ...........................
24
59
41
50
108.3%
Month’s Supply of Inventory ................................
6.4
4.2
5
5.1
-20.2%
Percent Under Contract ........................................
15.7%
23.9%
20.0%
24.2%
54.3%
Average Median Price for Last 12 Months ........
$961,000
$1,212,858
$1,070,050
$1,152,885
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.100
JUL
$1,101,650
AUG SEP
MEDIAN SALES PRICE
OCT
$563
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.101 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Laurel Canyon DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,200,000
$1,400,000
$1,675,000
$1,150,000
-4.2%
Average Price per Square Foot ...........................
$605
$835
$733
$649
7.3%
Properties Sold .......................................................
32
19
25
31
-3.1%
Properties Pending Sale .......................................
32
116
30
30
-6.2%
Properties For Sale ................................................
131
118
138
140
6.9%
Days on Market (Pending Sale) ...........................
40
43
48
41
2.5%
Month’s Supply of Inventory ................................
4.1
1
4.6
4.5
10.3%
Percent Under Contract ........................................
24.4%
98.3%
21.7%
21.4%
-12.3%
Average Median Price for Last 12 Months ........
$1,158,000
$1,327,740
$1,276,667
$1,306,793
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.200
JUL
$1,150,000
AUG SEP
MEDIAN SALES PRICE
OCT
$649
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Los Feliz DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,153,225
$1,685,000
$1,050,000
$1,312,500
13.8%
Average Price per Square Foot ...........................
$544
$575
$598
$627
15.3%
Properties Sold .......................................................
24
17
17
22
-8.3%
Properties Pending Sale .......................................
27
14
21
26
-3.7%
Properties For Sale ................................................
92
71
87
99
7.6%
Days on Market (Pending Sale) ...........................
33
31
31
47
42.4%
Month’s Supply of Inventory ................................
3.4
5.1
4.1
4.5
32.1%
Percent Under Contract ........................................
29.3%
19.7%
24.1%
26.3%
-10.5%
Average Median Price for Last 12 Months ........
$1,037,000
$1,209,500
$1,361,667
$1,271,017
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.153
JUL
$1,312,500
AUG SEP
MEDIAN SALES PRICE
OCT
$627
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Malibu DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,113,500
$3,370,000
$1,870,000
$2,200,000
4.1%
Average Price per Square Foot ...........................
$796
$625
$765
$977
22.7%
Properties Sold .......................................................
18
13
9
11
-38.9%
Properties Pending Sale .......................................
22
9
17
14
-36.4%
Properties For Sale ................................................
219
175
189
209
-4.6%
Days on Market (Pending Sale) ...........................
110
170
97
87
-20.9%
Month’s Supply of Inventory ................................
12.2
13.5
21
19
56.2%
Percent Under Contract ........................................
10.0%
5.1%
9.0%
6.7%
-33.3%
Average Median Price for Last 12 Months ........
$1,865,000
$2,226,993
$2,391,667
$2,194,747
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.113
JUL
$2,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$977
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
19 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Malibu Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$3,940,000
$4,300,000
$6,332,500
$5,600,000
42.1%
Average Price per Square Foot ...........................
$1,816
$2,042
$2,329
$1,617
-11.0%
Properties Sold .......................................................
4
9
4
5
25.0%
Properties Pending Sale .......................................
3
2
3
6
100.0%
Properties For Sale ................................................
76
60
72
82
7.9%
Days on Market (Pending Sale) ...........................
50
142
154
206
312.0%
Month’s Supply of Inventory ................................
19
6.7
18
16.4
-13.7%
Percent Under Contract ........................................
3.9%
3.3%
4.2%
7.3%
85.4%
Average Median Price for Last 12 Months ........
$6,156,000
$6,139,396
$6,375,042
$6,215,231
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$3.940
JUL
$5,600,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,617
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
16.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$5.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Marina Del Rey DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,728,750
$1,695,000
$1,250,000
$3,081,000
78.2%
Average Price per Square Foot ...........................
$734
$640
$532
$588
-19.9%
Properties Sold .......................................................
2
3
4
3
50.0%
Properties Pending Sale .......................................
2
2
8
1
-50.0%
Properties For Sale ................................................
19
20
26
20
5.3%
Days on Market (Pending Sale) ...........................
56
118
51
24
-57.1%
Month’s Supply of Inventory ................................
9.5
6.7
6.5
6.7
-29.8%
Percent Under Contract ........................................
10.5%
10.0%
30.8%
5.0%
-52.5%
Average Median Price for Last 12 Months ........
$1,475,000
$1,848,500
$2,025,333
$1,625,250
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.728
JUL
$3,081,000
AUG SEP
MEDIAN SALES PRICE
OCT
$588
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.081 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Mid Los Angeles DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$411,000
$500,000
$471,500
$585,000
42.3%
Average Price per Square Foot ...........................
$297
$343
$318
$318
7.1%
Properties Sold .......................................................
18
19
20
19
5.6%
Properties Pending Sale .......................................
15
14
19
17
13.3%
Properties For Sale ................................................
56
57
73
66
17.9%
Days on Market (Pending Sale) ...........................
23
91
46
33
43.5%
Month’s Supply of Inventory ................................
3.1
3
3.6
3.5
11.7%
Percent Under Contract ........................................
26.8%
24.6%
26.0%
25.8%
-3.8%
Average Median Price for Last 12 Months ........
$365,000
$519,844
$578,667
$496,543
26.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$411
JUL
$585,000
AUG SEP
MEDIAN SALES PRICE
OCT
$318
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Mid Wilshire DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$0
$647,500
$0
$695,000
0%
Average Price per Square Foot ...........................
$0
$273
$0
$278
0%
Properties Sold .......................................................
0
1
0
1
0%
Properties Pending Sale .......................................
1
0
3
11
1000.0%
Properties For Sale ................................................
13
10
16
24
84.6%
Days on Market (Pending Sale) ...........................
41
0
16
41
0.0%
Month’s Supply of Inventory ................................
0
10
0
24
0%
Percent Under Contract ........................................
7.7%
0.0%
18.8%
45.8%
495.8%
Average Median Price for Last 12 Months ........
$431,000
$645,500
$679,000
$579,100
25.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$695,000
AUG SEP
MEDIAN SALES PRICE
OCT
$278
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
24 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Pacific Palisades DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,982,500
$2,805,000
$2,850,000
$2,550,000
28.6%
Average Price per Square Foot ...........................
$916
$876
$899
$873
-4.7%
Properties Sold .......................................................
36
22
29
33
-8.3%
Properties Pending Sale .......................................
38
9
34
36
-5.3%
Properties For Sale ................................................
143
89
134
119
-16.8%
Days on Market (Pending Sale) ...........................
46
68
47
46
0.0%
Month’s Supply of Inventory ................................
4
4
4.6
3.6
-9.2%
Percent Under Contract ........................................
26.6%
10.1%
25.4%
30.3%
13.8%
Average Median Price for Last 12 Months ........
$2,134,000
$2,718,250
$2,677,500
$2,504,268
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.982
JUL
$2,550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$873
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Palms - Mar Vista DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$808,000
$1,050,000
$1,312,500
$1,066,000
31.9%
Average Price per Square Foot ...........................
$538
$606
$651
$685
27.3%
Properties Sold .......................................................
28
27
22
26
-7.1%
Properties Pending Sale .......................................
36
13
29
39
8.3%
Properties For Sale ................................................
68
49
64
91
33.8%
Days on Market (Pending Sale) ...........................
28
37
26
27
-3.6%
Month’s Supply of Inventory ................................
2.4
1.8
2.9
3.5
44.1%
Percent Under Contract ........................................
52.9%
26.5%
45.3%
42.9%
-19.0%
Average Median Price for Last 12 Months ........
$818,000
$1,062,083
$1,060,000
$1,012,619
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$808
JUL
$1,066,000
AUG SEP
MEDIAN SALES PRICE
OCT
$685
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.066 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Playa Del Rey DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,500,000
$1,015,000
$1,250,000
$922,500
-38.5%
Average Price per Square Foot ...........................
$455
$578
$498
$649
42.6%
Properties Sold .......................................................
1
1
4
4
300.0%
Properties Pending Sale .......................................
4
2
4
3
-25.0%
Properties For Sale ................................................
19
14
13
18
-5.3%
Days on Market (Pending Sale) ...........................
25
35
63
14
-44.0%
Month’s Supply of Inventory ................................
19
14
3.2
4.5
-76.3%
Percent Under Contract ........................................
21.1%
14.3%
30.8%
16.7%
-20.8%
Average Median Price for Last 12 Months ........
$1,102,000
$1,247,876
$1,322,833
$1,254,443
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.500
JUN JUL
$922,500
AUG SEP
MEDIAN SALES PRICE
OCT
$649
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$922 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Playa Vista DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$0
$1,460,000
$0
$1,242,000
0%
Average Price per Square Foot ...........................
$0
$388
$0
$473
0%
Properties Sold .......................................................
0
1
0
5
0%
Properties Pending Sale .......................................
1
2
1
4
300.0%
Properties For Sale ................................................
7
5
5
9
28.6%
Days on Market (Pending Sale) ...........................
24
67
9
26
8.3%
Month’s Supply of Inventory ................................
0
5
0
1.8
0%
Percent Under Contract ........................................
14.3%
40.0%
20.0%
44.4%
211.1%
Average Median Price for Last 12 Months ........
$1,188,000
$1,125,665
$1,121,000
$1,271,214
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$1,242,000
AUG SEP
MEDIAN SALES PRICE
OCT
$473
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.242 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Monica DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,050,000
$1,510,000
$2,312,500
$2,160,000
5.4%
Average Price per Square Foot ...........................
$866
$923
$972
$971
12.1%
Properties Sold .......................................................
24
21
14
23
-4.2%
Properties Pending Sale .......................................
21
11
17
30
42.9%
Properties For Sale ................................................
83
63
74
99
19.3%
Days on Market (Pending Sale) ...........................
37
58
37
46
24.3%
Month’s Supply of Inventory ................................
3.5
3
5.3
4.3
24.5%
Percent Under Contract ........................................
25.3%
17.5%
23.0%
30.3%
19.8%
Average Median Price for Last 12 Months ........
$1,914,000
$1,942,750
$1,986,667
$1,977,365
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.050
JUL
$2,160,000
AUG SEP
MEDIAN SALES PRICE
OCT
$971
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,675,000
$1,656,500
$1,890,500
$1,660,000
-0.9%
Average Price per Square Foot ...........................
$649
$874
$782
$631
-2.8%
Properties Sold .......................................................
55
28
32
33
-40.0%
Properties Pending Sale .......................................
44
21
41
39
-11.4%
Properties For Sale ................................................
238
224
239
264
10.9%
Days on Market (Pending Sale) ...........................
43
60
82
49
14.0%
Month’s Supply of Inventory ................................
4.3
8
7.5
8
84.9%
Percent Under Contract ........................................
18.5%
9.4%
17.2%
14.8%
-20.1%
Average Median Price for Last 12 Months ........
$1,440,000
$1,640,290
$1,715,086
$1,559,672
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.675
JUL
$1,660,000
AUG SEP
MEDIAN SALES PRICE
OCT
$631
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Venice DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,455,000
$1,592,500
$1,683,300
$1,725,000
18.6%
Average Price per Square Foot ...........................
$1,010
$931
$902
$948
-6.1%
Properties Sold .......................................................
18
26
19
24
33.3%
Properties Pending Sale .......................................
20
18
22
16
-20.0%
Properties For Sale ................................................
71
42
60
62
-12.7%
Days on Market (Pending Sale) ...........................
74
45
65
23
-68.9%
Month’s Supply of Inventory ................................
3.9
1.6
3.2
2.6
-34.5%
Percent Under Contract ........................................
28.2%
42.9%
36.7%
25.8%
-8.4%
Average Median Price for Last 12 Months ........
$1,300,000
$1,542,133
$1,624,833
$1,450,408
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.455
JUL
$1,725,000
AUG SEP
MEDIAN SALES PRICE
OCT
$948
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West Hollywood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$894,300
$1,261,250
$1,087,500
$1,125,000
25.8%
Average Price per Square Foot ...........................
$724
$680
$748
$679
-6.2%
Properties Sold .......................................................
6
8
6
13
116.7%
Properties Pending Sale .......................................
17
14
12
12
-29.4%
Properties For Sale ................................................
43
46
41
45
4.7%
Days on Market (Pending Sale) ...........................
19
51
74
34
78.9%
Month’s Supply of Inventory ................................
7.2
5.8
6.8
3.5
-51.7%
Percent Under Contract ........................................
39.5%
30.4%
29.3%
26.7%
-32.5%
Average Median Price for Last 12 Months ........
$1,138,000
$1,169,575
$1,265,689
$1,140,366
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$894
JUL
$1,125,000
AUG SEP
MEDIAN SALES PRICE
OCT
$679
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West Los Angeles DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$772,500
$835,500
$877,500
$875,000
13.3%
Average Price per Square Foot ...........................
$617
$477
$564
$608
-1.5%
Properties Sold .......................................................
4
8
6
9
125.0%
Properties Pending Sale .......................................
4
1
6
8
100.0%
Properties For Sale ................................................
20
15
25
33
65.0%
Days on Market (Pending Sale) ...........................
16
99
19
18
12.5%
Month’s Supply of Inventory ................................
5
1.9
4.2
3.7
-26.7%
Percent Under Contract ........................................
20.0%
6.7%
24.0%
24.2%
21.2%
Average Median Price for Last 12 Months ........
$682,000
$857,458
$891,417
$836,838
22.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$772
JUL
$875,000
AUG SEP
MEDIAN SALES PRICE
OCT
$608
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Westchester DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$735,000
$775,000
$905,000
$752,000
2.3%
Average Price per Square Foot ...........................
$475
$465
$476
$539
13.5%
Properties Sold .......................................................
24
19
17
22
-8.3%
Properties Pending Sale .......................................
29
11
19
37
27.6%
Properties For Sale ................................................
63
21
55
84
33.3%
Days on Market (Pending Sale) ...........................
21
34
24
37
76.2%
Month’s Supply of Inventory ................................
2.6
1.1
3.2
3.8
45.5%
Percent Under Contract ........................................
46.0%
52.4%
34.5%
44.0%
-4.3%
Average Median Price for Last 12 Months ........
$693,000
$857,167
$792,667
$810,769
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$735
JUL
$752,000
AUG SEP
MEDIAN SALES PRICE
OCT
$539
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$752 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Westwood - Century City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,300,000
$1,543,000
$1,850,000
$1,505,000
15.8%
Average Price per Square Foot ...........................
$674
$687
$756
$769
14.1%
Properties Sold .......................................................
21
22
10
15
-28.6%
Properties Pending Sale .......................................
9
7
14
19
111.1%
Properties For Sale ................................................
50
36
44
68
36.0%
Days on Market (Pending Sale) ...........................
24
31
24
39
62.5%
Month’s Supply of Inventory ................................
2.4
1.6
4.4
4.5
90.4%
Percent Under Contract ........................................
18.0%
19.4%
31.8%
27.9%
55.2%
Average Median Price for Last 12 Months ........
$1,329,000
$1,735,833
$1,668,333
$1,629,692
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.300
JUL
$1,505,000
AUG SEP
MEDIAN SALES PRICE
OCT
$769
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
South Bay Macro Market DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,281,354
$1,194,472
$1,076,813
$1,673,611
30.6%
Average Price per Square Foot ...........................
$508
$545
$552
$570
12.0%
Properties Sold .......................................................
229
174
180
184
-19.7%
Properties Pending Sale .......................................
243
115
226
226
-7.0%
Properties For Sale ................................................
700
485
620
774
10.6%
Days on Market (Pending Sale) ...........................
31
59
58
32
4.7%
Month’s Supply of Inventory ................................
3.1
2.8
3.4
4.2
37.6%
Percent Under Contract ........................................
34.7%
23.7%
36.5%
29.2%
-15.9%
Average Median Price for Last 12 Months ........
$1,184,444
$1,323,950
$1,416,411
$1,349,739
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.281
JUL
$1,673,611
AUG SEP
MEDIAN SALES PRICE
OCT
$570
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.673 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
El Segundo DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,190,000
$818,250
$730,000
$820,000
-31.1%
Average Price per Square Foot ...........................
$393
$478
$604
$518
31.8%
Properties Sold .......................................................
8
6
5
6
-25.0%
Properties Pending Sale .......................................
9
3
7
4
-55.6%
Properties For Sale ................................................
25
15
19
17
-32.0%
Days on Market (Pending Sale) ...........................
44
16
34
19
-56.8%
Month’s Supply of Inventory ................................
3.1
2.5
3.8
2.8
-9.3%
Percent Under Contract ........................................
36.0%
20.0%
36.8%
23.5%
-34.6%
Average Median Price for Last 12 Months ........
$852,000
$864,667
$888,500
$863,904
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.190
JUN JUL
$820,000
AUG SEP
MEDIAN SALES PRICE
OCT
$518
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Manhattan Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,689,500
$1,552,000
$1,717,000
$1,915,000
13.3%
Average Price per Square Foot ...........................
$676
$801
$788
$818
21.0%
Properties Sold .......................................................
30
21
25
36
20.0%
Properties Pending Sale .......................................
32
6
45
33
3.1%
Properties For Sale ................................................
93
36
92
89
-4.3%
Days on Market (Pending Sale) ...........................
36
39
32
36
0.0%
Month’s Supply of Inventory ................................
3.1
1.7
3.7
2.5
-20.3%
Percent Under Contract ........................................
34.4%
16.7%
48.9%
37.1%
7.8%
Average Median Price for Last 12 Months ........
$1,601,000
$1,933,667
$1,922,500
$1,819,077
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.689
JUL
$1,915,000
AUG SEP
MEDIAN SALES PRICE
OCT
$818
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Palos Verdes Estates DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,570,000
$1,597,500
$1,737,500
$1,500,000
-4.5%
Average Price per Square Foot ...........................
$548
$610
$693
$610
11.3%
Properties Sold .......................................................
14
16
14
13
-7.1%
Properties Pending Sale .......................................
21
11
18
27
28.6%
Properties For Sale ................................................
77
46
61
94
22.1%
Days on Market (Pending Sale) ...........................
42
62
37
38
-9.5%
Month’s Supply of Inventory ................................
5.5
2.9
4.4
7.2
31.5%
Percent Under Contract ........................................
27.3%
23.9%
29.5%
28.7%
5.3%
Average Median Price for Last 12 Months ........
$1,599,000
$1,561,750
$1,490,000
$1,541,308
-3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.570
JUL
$1,500,000
AUG SEP
MEDIAN SALES PRICE
OCT
$610
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Rancho Palos Verdes DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,193,188
$1,200,000
$1,145,000
$1,260,000
5.6%
Average Price per Square Foot ...........................
$477
$487
$527
$481
0.8%
Properties Sold .......................................................
40
23
25
32
-20.0%
Properties Pending Sale .......................................
43
20
35
45
4.7%
Properties For Sale ................................................
125
85
104
160
28.0%
Days on Market (Pending Sale) ...........................
38
67
84
44
15.8%
Month’s Supply of Inventory ................................
3.1
3.7
4.2
5
60.0%
Percent Under Contract ........................................
34.4%
23.5%
33.7%
28.1%
-18.2%
Average Median Price for Last 12 Months ........
$1,006,000
$1,189,667
$1,204,333
$1,173,399
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.193
JUL
$1,260,000
AUG SEP
MEDIAN SALES PRICE
OCT
$481
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.260 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Redondo Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$860,000
$873,000
$835,000
$920,000
7.0%
Average Price per Square Foot ...........................
$534
$523
$506
$530
-0.7%
Properties Sold .......................................................
45
29
33
31
-31.1%
Properties Pending Sale .......................................
31
18
30
35
12.9%
Properties For Sale ................................................
84
74
67
100
19.0%
Days on Market (Pending Sale) ...........................
32
51
41
16
-50.0%
Month’s Supply of Inventory ................................
1.9
2.6
2
3.2
72.8%
Percent Under Contract ........................................
36.9%
24.3%
44.8%
35.0%
-5.2%
Average Median Price for Last 12 Months ........
$793,000
$854,681
$873,362
$857,891
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$860
JUL
$920,000
AUG SEP
MEDIAN SALES PRICE
OCT
$530
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$920 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Rolling Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,750,000
$2,175,000
$0
$5,725,000
108.2%
Average Price per Square Foot ...........................
$734
$650
$0
$840
14.4%
Properties Sold .......................................................
5
2
0
2
-60.0%
Properties Pending Sale .......................................
1
1
3
2
100.0%
Properties For Sale ................................................
15
14
20
25
66.7%
Days on Market (Pending Sale) ...........................
8
78
159
36
350.0%
Month’s Supply of Inventory ................................
3
7
0
12.5
316.7%
Percent Under Contract ........................................
6.7%
7.1%
15.0%
8.0%
20.0%
Average Median Price for Last 12 Months ........
$2,480,000
$4,022,125
$3,696,167
$3,430,650
38.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.750
JUL
$5,725,000
AUG SEP
MEDIAN SALES PRICE
OCT
$840
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$5.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Rolling Hills Estates DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,150,000
$1,387,500
$1,280,000
$1,725,000
50.0%
Average Price per Square Foot ...........................
$477
$643
$569
$570
19.5%
Properties Sold .......................................................
6
2
3
4
-33.3%
Properties Pending Sale .......................................
7
1
7
12
71.4%
Properties For Sale ................................................
29
8
26
30
3.4%
Days on Market (Pending Sale) ...........................
26
87
26
23
-11.5%
Month’s Supply of Inventory ................................
4.8
4
8.7
7.5
55.2%
Percent Under Contract ........................................
24.1%
12.5%
26.9%
40.0%
65.7%
Average Median Price for Last 12 Months ........
$1,288,000
$1,310,333
$1,495,667
$1,316,885
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.150
JUL
$1,725,000
AUG SEP
MEDIAN SALES PRICE
OCT
$570
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Pedro DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$509,500
$532,000
$535,000
$520,000
2.1%
Average Price per Square Foot ...........................
$329
$326
$314
$338
2.7%
Properties Sold .......................................................
38
26
28
24
-36.8%
Properties Pending Sale .......................................
43
23
32
18
-58.1%
Properties For Sale ................................................
119
109
113
99
-16.8%
Days on Market (Pending Sale) ...........................
27
78
74
44
63.0%
Month’s Supply of Inventory ................................
3.1
4.2
4
4.1
31.7%
Percent Under Contract ........................................
36.1%
21.1%
28.3%
18.2%
-49.7%
Average Median Price for Last 12 Months ........
$460,000
$516,667
$526,667
$504,038
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$509
JUL
$520,000
AUG SEP
MEDIAN SALES PRICE
OCT
$338
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Torrance DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$620,000
$615,000
$635,000
$677,500
9.3%
Average Price per Square Foot ...........................
$407
$387
$411
$421
3.4%
Properties Sold .......................................................
43
49
47
36
-16.3%
Properties Pending Sale .......................................
56
32
49
50
-10.7%
Properties For Sale ................................................
133
98
118
160
20.3%
Days on Market (Pending Sale) ...........................
22
54
31
32
45.5%
Month’s Supply of Inventory ................................
3.1
2
2.5
4.4
43.7%
Percent Under Contract ........................................
42.1%
32.7%
41.5%
31.2%
-25.8%
Average Median Price for Last 12 Months ........
$581,000
$644,417
$650,500
$640,500
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$620
JUL
$677,500
AUG SEP
MEDIAN SALES PRICE
OCT
$421
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$677 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$674,786
$715,929
$727,643
$838,214
24.2%
Average Price per Square Foot ...........................
$360
$363
$376
$392
8.8%
Properties Sold .......................................................
434
426
368
502
15.7%
Properties Pending Sale .......................................
501
360
471
508
1.4%
Properties For Sale ................................................
793
745
899
1,147
44.6%
Days on Market (Pending Sale) ...........................
50
64
58
63
24.6%
Month’s Supply of Inventory ................................
1.8
1.7
2.4
2.3
25.0%
Percent Under Contract ........................................
63.2%
48.3%
52.4%
44.3%
-29.9%
Average Median Price for Last 12 Months ........
$630,088
$769,405
$793,071
$731,709
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$674
JUL
$838,214
AUG SEP
MEDIAN SALES PRICE
OCT
$392
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$838 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Burbank DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$599,000
$580,000
$635,000
$654,000
9.2%
Average Price per Square Foot ...........................
$377
$372
$418
$412
9.3%
Properties Sold .......................................................
68
48
51
44
-35.3%
Properties Pending Sale .......................................
63
45
49
60
-4.8%
Properties For Sale ................................................
57
58
59
91
59.6%
Days on Market (Pending Sale) ...........................
37
44
59
43
16.2%
Month’s Supply of Inventory ................................
0.8
1.2
1.2
2.1
146.7%
Percent Under Contract ........................................
110.5%
77.6%
83.1%
65.9%
-40.3%
Average Median Price for Last 12 Months ........
$536,308
$639,000
$638,000
$618,077
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$599
JUL
$654,000
AUG SEP
MEDIAN SALES PRICE
OCT
$412
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$654 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Encino DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$795,000
$785,000
$928,000
$995,000
25.2%
Average Price per Square Foot ...........................
$401
$406
$384
$424
5.7%
Properties Sold .......................................................
43
36
31
47
9.3%
Properties Pending Sale .......................................
52
23
39
36
-30.8%
Properties For Sale ................................................
93
78
96
121
30.1%
Days on Market (Pending Sale) ...........................
43
65
57
59
37.2%
Month’s Supply of Inventory ................................
2.2
2.2
3.1
2.6
19.0%
Percent Under Contract ........................................
55.9%
29.5%
40.6%
29.8%
-46.8%
Average Median Price for Last 12 Months ........
$772,846
$1,051,500
$1,006,667
$986,462
27.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$795
JUL
$995,000
AUG SEP
MEDIAN SALES PRICE
OCT
$424
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Glendale DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$655,000
$725,000
$664,000
$751,000
14.7%
Average Price per Square Foot ...........................
$377
$399
$404
$411
9.0%
Properties Sold .......................................................
57
57
42
72
26.3%
Properties Pending Sale .......................................
55
49
53
70
27.3%
Properties For Sale ................................................
121
76
119
136
12.4%
Days on Market (Pending Sale) ...........................
39
53
55
47
20.5%
Month’s Supply of Inventory ................................
2.1
1.3
2.8
1.9
-11.0%
Percent Under Contract ........................................
45.5%
64.5%
44.5%
51.5%
13.2%
Average Median Price for Last 12 Months ........
$614,615
$726,000
$739,667
$707,923
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$655
JUL
$751,000
AUG SEP
MEDIAN SALES PRICE
OCT
$411
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$751 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
La Crescenta DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$687,000
$714,000
$765,000
$732,000
6.6%
Average Price per Square Foot ...........................
$425
$390
$413
$412
-3.1%
Properties Sold .......................................................
21
23
14
19
-9.5%
Properties Pending Sale .......................................
17
19
19
31
82.4%
Properties For Sale ................................................
25
17
31
44
76.0%
Days on Market (Pending Sale) ...........................
58
50
53
58
0.0%
Month’s Supply of Inventory ................................
1.2
0.7
2.2
2.3
94.5%
Percent Under Contract ........................................
68.0%
111.8%
61.3%
70.5%
3.6%
Average Median Price for Last 12 Months ........
$594,077
$701,500
$725,333
$673,077
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$687
JUL
$732,000
AUG SEP
MEDIAN SALES PRICE
OCT
$412
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$732 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
North Hollywood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$425,000
$403,000
$455,000
$439,000
3.3%
Average Price per Square Foot ...........................
$293
$289
$319
$322
9.9%
Properties Sold .......................................................
31
39
36
56
80.6%
Properties Pending Sale .......................................
55
30
40
40
-27.3%
Properties For Sale ................................................
43
68
70
66
53.5%
Days on Market (Pending Sale) ...........................
44
33
55
53
20.5%
Month’s Supply of Inventory ................................
1.4
1.7
1.9
1.2
-15.0%
Percent Under Contract ........................................
127.9%
44.1%
57.1%
60.6%
-52.6%
Average Median Price for Last 12 Months ........
$341,385
$430,167
$432,667
$414,923
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$425
JUL
$439,000
AUG SEP
MEDIAN SALES PRICE
OCT
$322
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$439 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Shadow Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$575,000
$628,000
$690,000
$600,000
4.3%
Average Price per Square Foot ...........................
$251
$297
$243
$259
3.2%
Properties Sold .......................................................
4
3
3
3
-25.0%
Properties Pending Sale .......................................
7
5
4
3
-57.1%
Properties For Sale ................................................
20
7
8
14
-30.0%
Days on Market (Pending Sale) ...........................
55
141
116
78
41.8%
Month’s Supply of Inventory ................................
5
2.3
2.7
4.7
-6.7%
Percent Under Contract ........................................
35.0%
71.4%
50.0%
21.4%
-38.8%
Average Median Price for Last 12 Months ........
$612,077
$785,500
$684,333
$718,154
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$575
JUL
$600,000
AUG SEP
MEDIAN SALES PRICE
OCT
$259
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sherman Oaks DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$774,000
$840,000
$805,000
$900,000
16.3%
Average Price per Square Foot ...........................
$429
$423
$442
$437
1.9%
Properties Sold .......................................................
62
45
45
49
-21.0%
Properties Pending Sale .......................................
71
40
59
64
-9.9%
Properties For Sale ................................................
118
93
111
154
30.5%
Days on Market (Pending Sale) ...........................
60
62
47
58
-3.3%
Month’s Supply of Inventory ................................
1.9
2.1
2.5
3.1
65.1%
Percent Under Contract ........................................
60.2%
43.0%
53.2%
41.6%
-30.9%
Average Median Price for Last 12 Months ........
$734,769
$931,000
$941,000
$864,000
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$774
JUL
$900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$437
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Studio City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$950,000
$1,024,000
$1,140,000
$1,195,000
25.8%
Average Price per Square Foot ...........................
$468
$450
$478
$552
17.9%
Properties Sold .......................................................
29
28
30
41
41.4%
Properties Pending Sale .......................................
42
23
30
32
-23.8%
Properties For Sale ................................................
80
67
66
81
1.2%
Days on Market (Pending Sale) ...........................
39
60
72
47
20.5%
Month’s Supply of Inventory ................................
2.8
2.4
2.2
2
-28.4%
Percent Under Contract ........................................
52.5%
34.3%
45.5%
39.5%
-24.8%
Average Median Price for Last 12 Months ........
$871,923
$1,168,667
$1,221,667
$1,100,923
26.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$950
JUL
$1,195,000
AUG SEP
MEDIAN SALES PRICE
OCT
$552
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sun Valley DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$365,000
$370,000
$433,000
$385,000
5.5%
Average Price per Square Foot ...........................
$235
$289
$265
$300
27.7%
Properties Sold .......................................................
16
19
12
23
43.8%
Properties Pending Sale .......................................
20
14
17
27
35.0%
Properties For Sale ................................................
25
29
34
40
60.0%
Days on Market (Pending Sale) ...........................
48
44
58
52
8.3%
Month’s Supply of Inventory ................................
1.6
1.5
2.8
1.7
11.3%
Percent Under Contract ........................................
80.0%
48.3%
50.0%
67.5%
-15.6%
Average Median Price for Last 12 Months ........
$345,308
$383,833
$376,667
$374,692
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$365
JUL
$385,000
AUG SEP
MEDIAN SALES PRICE
OCT
$300
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$385 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sunland/Tujunga DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$375,000
$410,000
$395,000
$450,000
20.0%
Average Price per Square Foot ...........................
$292
$273
$329
$284
-2.7%
Properties Sold .......................................................
33
39
21
38
15.2%
Properties Pending Sale .......................................
39
35
36
46
17.9%
Properties For Sale ................................................
61
51
58
78
27.9%
Days on Market (Pending Sale) ...........................
68
57
59
71
4.4%
Month’s Supply of Inventory ................................
1.8
1.3
2.8
2.1
11.0%
Percent Under Contract ........................................
63.9%
68.6%
62.1%
59.0%
-7.8%
Average Median Price for Last 12 Months ........
$361,538
$436,833
$451,333
$423,692
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$375
JUL
$450,000
AUG SEP
MEDIAN SALES PRICE
OCT
$284
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Tarzana DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$823,000
$783,000
$810,000
$790,000
-4.0%
Average Price per Square Foot ...........................
$316
$323
$387
$371
17.4%
Properties Sold .......................................................
39
16
21
27
-30.8%
Properties Pending Sale .......................................
30
19
34
28
-6.7%
Properties For Sale ................................................
60
54
68
94
56.7%
Days on Market (Pending Sale) ...........................
61
85
56
63
3.3%
Month’s Supply of Inventory ................................
1.5
3.4
3.2
3.5
126.3%
Percent Under Contract ........................................
50.0%
35.2%
50.0%
29.8%
-40.4%
Average Median Price for Last 12 Months ........
$727,769
$858,667
$934,667
$817,769
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$823
JUL
$790,000
AUG SEP
MEDIAN SALES PRICE
OCT
$371
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Toluca Lake DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,020,000
$1,400,000
$1,013,000
$2,415,000
136.8%
Average Price per Square Foot ...........................
$452
$441
$425
$540
19.5%
Properties Sold .......................................................
5
7
4
5
0.0%
Properties Pending Sale .......................................
8
4
7
4
-50.0%
Properties For Sale ................................................
18
12
11
27
50.0%
Days on Market (Pending Sale) ...........................
44
73
20
129
193.2%
Month’s Supply of Inventory ................................
3.6
1.7
2.8
5.4
50.0%
Percent Under Contract ........................................
44.4%
33.3%
63.6%
14.8%
-66.7%
Average Median Price for Last 12 Months ........
$1,078,462
$1,255,333
$1,543,667
$1,128,769
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.020
JUL
$2,415,000
AUG SEP
MEDIAN SALES PRICE
OCT
$540
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Valley Village DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$735,000
$725,000
$819,000
$759,000
3.3%
Average Price per Square Foot ...........................
$364
$422
$414
$454
24.7%
Properties Sold .......................................................
13
9
12
12
-7.7%
Properties Pending Sale .......................................
21
12
12
11
-47.6%
Properties For Sale ................................................
36
20
23
27
-25.0%
Days on Market (Pending Sale) ...........................
53
55
56
52
-1.9%
Month’s Supply of Inventory ................................
2.8
2.2
1.9
2.2
-18.8%
Percent Under Contract ........................................
58.3%
60.0%
52.2%
40.7%
-30.2%
Average Median Price for Last 12 Months ........
$659,077
$732,000
$720,667
$752,538
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$735
JUL
$759,000
AUG SEP
MEDIAN SALES PRICE
OCT
$454
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$759 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Woodland Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$669,000
$636,000
$635,000
$670,000
0.1%
Average Price per Square Foot ...........................
$364
$308
$342
$309
-15.1%
Properties Sold .......................................................
13
57
46
66
407.7%
Properties Pending Sale .......................................
21
42
72
56
166.7%
Properties For Sale ................................................
36
115
145
174
383.3%
Days on Market (Pending Sale) ...........................
53
69
55
65
22.6%
Month’s Supply of Inventory ................................
2.8
2
3.2
2.6
-4.8%
Percent Under Contract ........................................
58.3%
36.5%
49.7%
32.2%
-44.8%
Average Median Price for Last 12 Months ........
$571,077
$671,667
$686,667
$662,923
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$669
JUL
$670,000
AUG SEP
MEDIAN SALES PRICE
OCT
$309
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$907,455
$881,000
$1,033,545
$965,273
6.4%
Average Price per Square Foot ...........................
$456
$480
$496
$504
10.7%
Properties Sold .......................................................
334
263
257
279
-16.5%
Properties Pending Sale .......................................
352
235
275
293
-16.8%
Properties For Sale ................................................
616
421
509
674
9.4%
Days on Market (Pending Sale) ...........................
44
51
54
39
-11.4%
Month’s Supply of Inventory ................................
1.8
1.6
2
2.4
31.0%
Percent Under Contract ........................................
57.1%
55.8%
54.0%
43.5%
-23.9%
Average Median Price for Last 12 Months ........
$785,308
$951,500
$942,667
$910,727
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$907
JUL
$965,273
AUG SEP
MEDIAN SALES PRICE
OCT
$504
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Altadena DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$678,000
$588,000
$550,000
$615,000
-9.3%
Average Price per Square Foot ...........................
$369
$385
$358
$408
10.6%
Properties Sold .......................................................
38
37
33
29
-23.7%
Properties Pending Sale .......................................
45
30
41
31
-31.1%
Properties For Sale ................................................
55
43
43
64
16.4%
Days on Market (Pending Sale) ...........................
54
52
51
30
-44.4%
Month’s Supply of Inventory ................................
1.4
1.2
1.3
2.2
52.5%
Percent Under Contract ........................................
81.8%
69.8%
95.3%
48.4%
-40.8%
Average Median Price for Last 12 Months ........
$506,846
$572,833
$613,333
$591,692
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$678
JUL
$615,000
AUG SEP
MEDIAN SALES PRICE
OCT
$408
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Arcadia DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,225,000
$1,350,000
$1,388,000
$1,312,000
7.1%
Average Price per Square Foot ...........................
$534
$572
$597
$615
15.2%
Properties Sold .......................................................
58
36
45
54
-6.9%
Properties Pending Sale .......................................
50
34
36
37
-26.0%
Properties For Sale ................................................
98
70
91
142
44.9%
Days on Market (Pending Sale) ...........................
36
46
48
41
13.9%
Month’s Supply of Inventory ................................
1.7
1.9
2
2.6
55.6%
Percent Under Contract ........................................
51.0%
48.6%
39.6%
26.1%
-48.9%
Average Median Price for Last 12 Months ........
$1,068,462
$1,471,333
$1,360,000
$1,362,923
27.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.225
JUL
$1,312,000
AUG SEP
MEDIAN SALES PRICE
OCT
$615
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Duarte DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$366,000
$360,000
$540,000
$423,000
15.6%
Average Price per Square Foot ...........................
$285
$344
$279
$324
13.7%
Properties Sold .......................................................
14
9
11
10
-28.6%
Properties Pending Sale .......................................
17
12
11
12
-29.4%
Properties For Sale ................................................
18
21
18
26
44.4%
Days on Market (Pending Sale) ...........................
44
75
58
49
11.4%
Month’s Supply of Inventory ................................
1.3
2.3
1.6
2.6
102.2%
Percent Under Contract ........................................
94.4%
57.1%
61.1%
46.2%
-51.1%
Average Median Price for Last 12 Months ........
$337,846
$414,167
$410,667
$403,769
19.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$366
JUL
$423,000
AUG SEP
MEDIAN SALES PRICE
OCT
$324
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$423 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Eagle Rock DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$600,000
$579,000
$745,000
$530,000
-11.7%
Average Price per Square Foot ...........................
$413
$452
$388
$418
1.2%
Properties Sold .......................................................
9
8
3
3
-66.7%
Properties Pending Sale .......................................
21
3
3
4
-81.0%
Properties For Sale ................................................
19
10
15
10
-47.4%
Days on Market (Pending Sale) ...........................
24
52
44
37
54.2%
Month’s Supply of Inventory ................................
2.1
1.2
5
3.3
57.9%
Percent Under Contract ........................................
110.5%
30.0%
20.0%
40.0%
-63.8%
Average Median Price for Last 12 Months ........
$509,231
$634,167
$633,333
$606,385
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$600
JUL
$530,000
AUG SEP
MEDIAN SALES PRICE
OCT
$418
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
La Canada Flintridge DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,368,000
$1,255,000
$1,560,000
$1,381,000
1.0%
Average Price per Square Foot ...........................
$529
$497
$573
$553
4.5%
Properties Sold .......................................................
31
18
20
20
-35.5%
Properties Pending Sale .......................................
26
21
20
23
-11.5%
Properties For Sale ................................................
66
31
36
57
-13.6%
Days on Market (Pending Sale) ...........................
48
57
79
37
-22.9%
Month’s Supply of Inventory ................................
2.1
1.7
1.8
2.8
33.9%
Percent Under Contract ........................................
39.4%
67.7%
55.6%
40.4%
2.4%
Average Median Price for Last 12 Months ........
$1,189,000
$1,358,667
$1,306,333
$1,291,615
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.368
JUL
$1,381,000
AUG SEP
MEDIAN SALES PRICE
OCT
$553
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.381 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Monrovia DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$588,000
$558,000
$562,000
$653,000
11.1%
Average Price per Square Foot ...........................
$342
$389
$435
$414
21.1%
Properties Sold .......................................................
26
21
18
26
0.0%
Properties Pending Sale .......................................
28
18
25
31
10.7%
Properties For Sale ................................................
55
42
61
60
9.1%
Days on Market (Pending Sale) ...........................
40
62
55
44
10.0%
Month’s Supply of Inventory ................................
2.1
2
3.4
2.3
9.1%
Percent Under Contract ........................................
50.9%
42.9%
41.0%
51.7%
1.5%
Average Median Price for Last 12 Months ........
$497,385
$566,333
$609,333
$563,615
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$588
JUL
$653,000
AUG SEP
MEDIAN SALES PRICE
OCT
$414
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$653 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Pasadena DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$676,000
$745,000
$740,000
$795,000
17.6%
Average Price per Square Foot ...........................
$430
$476
$496
$515
19.8%
Properties Sold .......................................................
87
77
75
70
-19.5%
Properties Pending Sale .......................................
90
73
96
92
2.2%
Properties For Sale ................................................
188
123
145
185
-1.6%
Days on Market (Pending Sale) ...........................
52
45
60
40
-23.1%
Month’s Supply of Inventory ................................
2.2
1.6
1.9
2.6
22.3%
Percent Under Contract ........................................
47.9%
59.3%
66.2%
49.7%
3.9%
Average Median Price for Last 12 Months ........
$621,154
$724,833
$793,000
$714,154
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$676
JUL
$795,000
AUG SEP
MEDIAN SALES PRICE
OCT
$515
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Gabriel DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$641,000
$637,000
$705,000
$635,000
-0.9%
Average Price per Square Foot ...........................
$409
$388
$400
$403
-1.5%
Properties Sold .......................................................
28
28
24
34
21.4%
Properties Pending Sale .......................................
29
19
22
22
-24.1%
Properties For Sale ................................................
67
44
53
56
-16.4%
Days on Market (Pending Sale) ...........................
34
51
51
41
20.6%
Month’s Supply of Inventory ................................
2.4
1.6
2.2
1.6
-31.2%
Percent Under Contract ........................................
43.3%
43.2%
41.5%
39.3%
-9.2%
Average Median Price for Last 12 Months ........
$551,923
$664,167
$674,667
$650,462
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$641
JUL
$635,000
AUG SEP
MEDIAN SALES PRICE
OCT
$403
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Marino DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,850,000
$2,070,000
$2,579,000
$2,186,000
18.2%
Average Price per Square Foot ...........................
$710
$751
$838
$862
21.4%
Properties Sold .......................................................
16
14
11
11
-31.2%
Properties Pending Sale .......................................
15
11
10
12
-20.0%
Properties For Sale ................................................
17
9
11
24
41.2%
Days on Market (Pending Sale) ...........................
47
38
42
26
-44.7%
Month’s Supply of Inventory ................................
1.1
0.6
1
2.2
105.3%
Percent Under Contract ........................................
88.2%
122.2%
90.9%
50.0%
-43.3%
Average Median Price for Last 12 Months ........
$1,681,692
$2,191,333
$2,076,333
$1,993,769
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.850
JUL
$2,186,000
AUG SEP
MEDIAN SALES PRICE
OCT
$862
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.186 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sierra Madre DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$860,000
$725,000
$960,000
$788,000
-8.4%
Average Price per Square Foot ...........................
$462
$436
$479
$384
-16.9%
Properties Sold .......................................................
15
7
9
11
-26.7%
Properties Pending Sale .......................................
13
7
3
14
7.7%
Properties For Sale ................................................
18
17
17
23
27.8%
Days on Market (Pending Sale) ...........................
72
63
60
65
-9.7%
Month’s Supply of Inventory ................................
1.2
2.4
1.9
2.1
74.2%
Percent Under Contract ........................................
72.2%
41.2%
17.6%
60.9%
-15.7%
Average Median Price for Last 12 Months ........
$728,846
$870,500
$812,000
$848,769
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$860
JUL
$788,000
AUG SEP
MEDIAN SALES PRICE
OCT
$384
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
South Pasadena DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,130,000
$824,000
$1,040,000
$1,300,000
15.0%
Average Price per Square Foot ...........................
$528
$585
$615
$652
23.5%
Properties Sold .......................................................
12
8
8
11
-8.3%
Properties Pending Sale .......................................
18
7
8
15
-16.7%
Properties For Sale ................................................
15
11
19
27
80.0%
Days on Market (Pending Sale) ...........................
31
24
48
17
-45.2%
Month’s Supply of Inventory ................................
1.2
1.4
2.4
2.5
96.4%
Percent Under Contract ........................................
120.0%
63.6%
42.1%
55.6%
-53.7%
Average Median Price for Last 12 Months ........
$912,077
$998,167
$1,080,333
$990,846
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.130
JUL
$1,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$652
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Orange County
Orange County Macro
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Ladera Ranch
San Juan Capistrano
Micro Market Report : June 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : June 2014
telesproperties.com
Orange County DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$640,000
$665,000
$650,000
$684,950
7.0%
Average Price per Square Foot ...........................
$371
$383
$391
$403
8.6%
Properties Sold .......................................................
1831
1446
1384
1686
-7.9%
Properties Pending Sale .......................................
1780
986
1710
1703
-4.3%
Properties For Sale ................................................
6,754
5,694
6,660
7,619
12.8%
Days on Market (Pending Sale) ...........................
54
78
64
55
1.9%
Month’s Supply of Inventory ................................
3.7
3.9
4.8
4.5
22.5%
Percent Under Contract ........................................
26.4%
17.3%
25.7%
22.4%
-15.2%
Average Median Price for Last 12 Months ........
$566,000
$664,358
$678,650
$655,988
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$640
JUL
$684,950
AUG SEP
MEDIAN SALES PRICE
OCT
$403
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Aliso Viejo DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$662,500
$737,500
$662,500
$742,000
12.0%
Average Price per Square Foot ...........................
$329
$324
$343
$344
4.6%
Properties Sold .......................................................
24
18
16
20
-16.7%
Properties Pending Sale .......................................
23
13
29
19
-17.4%
Properties For Sale ................................................
65
63
79
86
32.3%
Days on Market (Pending Sale) ...........................
52
61
71
42
-19.2%
Month’s Supply of Inventory ................................
2.7
3.5
4.9
4.3
58.8%
Percent Under Contract ........................................
35.4%
20.6%
36.7%
22.1%
-37.6%
Average Median Price for Last 12 Months ........
$620,000
$723,417
$723,500
$707,377
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$662
JUL
$742,000
AUG SEP
MEDIAN SALES PRICE
OCT
$344
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$742 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Balboa Peninsula DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,825,000
$1,825,000
$2,065,000
$2,625,000
43.8%
Average Price per Square Foot ...........................
$1,112
$745
$736
$1,468
32.0%
Properties Sold .......................................................
5
3
3
6
20.0%
Properties Pending Sale .......................................
5
5
5
6
20.0%
Properties For Sale ................................................
38
40
38
47
23.7%
Days on Market (Pending Sale) ...........................
63
64
130
74
17.5%
Month’s Supply of Inventory ................................
7.6
13.3
12.7
7.8
3.1%
Percent Under Contract ........................................
13.2%
12.5%
13.2%
12.8%
-3.0%
Average Median Price for Last 12 Months ........
$1,869,000
$3,240,667
$3,508,333
$2,998,192
60.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.825
JUL
$2,625,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,468
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,970,500
$3,659,000
$2,835,000
$1,825,000
-7.4%
Average Price per Square Foot ...........................
$801
$953
$1,008
$923
15.2%
Properties Sold .......................................................
12
16
9
12
0.0%
Properties Pending Sale .......................................
17
6
14
12
-29.4%
Properties For Sale ................................................
74
50
57
74
0.0%
Days on Market (Pending Sale) ...........................
71
178
58
100
40.8%
Month’s Supply of Inventory ................................
6.2
3.1
6.3
6.2
0.0%
Percent Under Contract ........................................
23.0%
12.0%
24.6%
16.2%
-29.4%
Average Median Price for Last 12 Months ........
$1,967,000
$2,456,708
$2,360,500
$2,420,269
23.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.970
JUL
$1,825,000
AUG SEP
MEDIAN SALES PRICE
OCT
$923
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Coto de Caza DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,015,000
$1,035,000
$1,121,000
$1,275,000
25.6%
Average Price per Square Foot ...........................
$330
$321
$321
$372
12.7%
Properties Sold .......................................................
25
20
18
13
-48.0%
Properties Pending Sale .......................................
22
12
22
21
-4.5%
Properties For Sale ................................................
114
101
121
156
36.8%
Days on Market (Pending Sale) ...........................
39
84
48
92
135.9%
Month’s Supply of Inventory ................................
4.6
5
6.7
12
163.2%
Percent Under Contract ........................................
19.3%
11.9%
18.2%
13.5%
-30.2%
Average Median Price for Last 12 Months ........
$964,000
$1,140,417
$1,203,833
$1,097,554
13.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.015
JUL
$1,275,000
AUG SEP
MEDIAN SALES PRICE
OCT
$372
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Crystal Cove DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$5,200,000
$3,500,000
$3,880,000
$4,850,000
-6.7%
Average Price per Square Foot ...........................
$977
$992
$1,125
$814
-16.7%
Properties Sold .......................................................
4
1
3
1
-75.0%
Properties Pending Sale .......................................
2
2
4
2
0.0%
Properties For Sale ................................................
27
17
21
24
-11.1%
Days on Market (Pending Sale) ...........................
46
120
104
40
-13.0%
Month’s Supply of Inventory ................................
6.8
17
7
24
255.6%
Percent Under Contract ........................................
7.4%
11.8%
19.0%
8.3%
12.5%
Average Median Price for Last 12 Months ........
$4,170,000
$4,616,333
$4,799,667
$4,719,962
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$5.200
JUL
$4,850,000
AUG SEP
MEDIAN SALES PRICE
OCT
$814
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
24 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Dana Point DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$799,000
$885,000
$909,950
$802,500
0.4%
Average Price per Square Foot ...........................
$734
$511
$566
$564
-23.2%
Properties Sold .......................................................
39
34
20
30
-23.1%
Properties Pending Sale .......................................
37
23
29
41
10.8%
Properties For Sale ................................................
189
153
158
217
14.8%
Days on Market (Pending Sale) ...........................
58
62
38
82
41.4%
Month’s Supply of Inventory ................................
4.8
4.5
7.9
7.2
49.3%
Percent Under Contract ........................................
19.6%
15.0%
18.4%
18.9%
-3.5%
Average Median Price for Last 12 Months ........
$776,000
$868,992
$871,500
$894,804
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$799
JUL
$802,500
AUG SEP
MEDIAN SALES PRICE
OCT
$564
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$802 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
East Bluff - Harbor View DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,107,500
$1,617,500
$1,725,000
$1,612,500
-23.5%
Average Price per Square Foot ...........................
$608
$648
$627
$677
11.3%
Properties Sold .......................................................
22
14
10
24
9.1%
Properties Pending Sale .......................................
23
9
22
32
39.1%
Properties For Sale ................................................
68
56
94
134
97.1%
Days on Market (Pending Sale) ...........................
42
80
65
69
64.3%
Month’s Supply of Inventory ................................
3.1
4
9.4
5.6
80.6%
Percent Under Contract ........................................
33.8%
16.1%
23.4%
23.9%
-29.4%
Average Median Price for Last 12 Months ........
$1,459,000
$1,701,417
$1,729,833
$1,729,635
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.107
JUN JUL
$1,612,500
AUG SEP
MEDIAN SALES PRICE
OCT
$677
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.612 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
East Costa Mesa DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$777,000
$900,000
$925,000
$850,000
9.4%
Average Price per Square Foot ...........................
$453
$530
$545
$527
16.3%
Properties Sold .......................................................
20
12
14
20
0.0%
Properties Pending Sale .......................................
21
12
19
18
-14.3%
Properties For Sale ................................................
62
46
73
76
22.6%
Days on Market (Pending Sale) ...........................
35
71
42
38
8.6%
Month’s Supply of Inventory ................................
3.1
3.8
5.2
3.8
22.6%
Percent Under Contract ........................................
33.9%
26.1%
26.0%
23.7%
-30.1%
Average Median Price for Last 12 Months ........
$747,000
$854,866
$874,065
$860,080
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$777
JUL
$850,000
AUG SEP
MEDIAN SALES PRICE
OCT
$527
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Fountain Valley DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$654,000
$655,000
$654,000
$653,500
-0.1%
Average Price per Square Foot ...........................
$330
$322
$360
$345
4.5%
Properties Sold .......................................................
26
14
26
19
-26.9%
Properties Pending Sale .......................................
40
22
31
34
-15.0%
Properties For Sale ................................................
81
64
69
101
24.7%
Days on Market (Pending Sale) ...........................
28
49
36
49
75.0%
Month’s Supply of Inventory ................................
3.1
4.6
2.7
5.3
70.6%
Percent Under Contract ........................................
49.4%
34.4%
44.9%
33.7%
-31.8%
Average Median Price for Last 12 Months ........
$592,000
$664,917
$679,500
$660,692
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$654
JUL
$653,500
AUG SEP
MEDIAN SALES PRICE
OCT
$345
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$653 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Huntington Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$712,000
$750,000
$750,000
$742,500
4.3%
Average Price per Square Foot ...........................
$404
$426
$416
$427
5.7%
Properties Sold .......................................................
121
100
95
112
-7.4%
Properties Pending Sale .......................................
125
57
130
97
-22.4%
Properties For Sale ................................................
380
298
407
448
17.9%
Days on Market (Pending Sale) ...........................
42
58
66
52
23.8%
Month’s Supply of Inventory ................................
3.1
3
4.3
4
27.4%
Percent Under Contract ........................................
32.9%
19.1%
31.9%
21.7%
-34.2%
Average Median Price for Last 12 Months ........
$645,000
$736,725
$737,617
$732,181
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$712
JUL
$742,500
AUG SEP
MEDIAN SALES PRICE
OCT
$427
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$742 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Irvine DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$876,500
$893,192
$922,500
$934,000
6.6%
Average Price per Square Foot ...........................
$422
$451
$460
$458
8.5%
Properties Sold .......................................................
94
75
80
91
-3.2%
Properties Pending Sale .......................................
111
53
99
46
-58.6%
Properties For Sale ................................................
331
275
359
483
45.9%
Days on Market (Pending Sale) ...........................
37
61
42
55
48.6%
Month’s Supply of Inventory ................................
3.5
3.7
4.5
5.3
50.7%
Percent Under Contract ........................................
33.5%
19.3%
27.6%
9.5%
-71.6%
Average Median Price for Last 12 Months ........
$820,000
$906,667
$909,667
$897,246
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$876
JUL
$934,000
AUG SEP
MEDIAN SALES PRICE
OCT
$458
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$934 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Ladera Ranch DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$834,444
$810,000
$870,153
$885,762
6.1%
Average Price per Square Foot ...........................
$308
$316
$304
$326
5.8%
Properties Sold .......................................................
44
27
27
44
0.0%
Properties Pending Sale .......................................
44
19
23
28
-36.4%
Properties For Sale ................................................
128
89
114
158
23.4%
Days on Market (Pending Sale) ...........................
43
45
30
62
44.2%
Month’s Supply of Inventory ................................
2.9
3.3
4.2
3.6
23.4%
Percent Under Contract ........................................
34.4%
21.3%
20.2%
17.7%
-48.4%
Average Median Price for Last 12 Months ........
$743,000
$842,736
$803,754
$843,931
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$834
JUL
$885,762
AUG SEP
MEDIAN SALES PRICE
OCT
$326
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Laguna Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,527,500
$1,470,000
$2,272,500
$1,660,000
8.7%
Average Price per Square Foot ...........................
$904
$759
$888
$1,029
13.8%
Properties Sold .......................................................
34
31
24
34
0.0%
Properties Pending Sale .......................................
32
11
40
44
37.5%
Properties For Sale ................................................
254
208
254
275
8.3%
Days on Market (Pending Sale) ...........................
84
102
102
93
10.7%
Month’s Supply of Inventory ................................
7.5
6.7
10.6
8.1
8.3%
Percent Under Contract ........................................
12.6%
5.3%
15.7%
16.0%
27.0%
Average Median Price for Last 12 Months ........
$1,464,000
$2,007,417
$1,834,000
$1,848,058
26.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.527
JUL
$1,660,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,029
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Laguna Niguel DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$835,000
$820,000
$789,000
$784,000
-6.1%
Average Price per Square Foot ...........................
$360
$370
$431
$390
8.3%
Properties Sold .......................................................
61
47
51
59
-3.3%
Properties Pending Sale .......................................
73
31
69
56
-23.3%
Properties For Sale ................................................
214
178
271
348
62.6%
Days on Market (Pending Sale) ...........................
44
77
40
53
20.5%
Month’s Supply of Inventory ................................
3.5
3.8
5.3
5.9
68.1%
Percent Under Contract ........................................
34.1%
17.4%
25.5%
16.1%
-52.8%
Average Median Price for Last 12 Months ........
$690,000
$793,492
$801,483
$796,758
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$835
JUL
$784,000
AUG SEP
MEDIAN SALES PRICE
OCT
$390
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$784 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Laguna Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$716,000
$700,000
$675,000
$757,500
5.8%
Average Price per Square Foot ...........................
$332
$321
$334
$375
13.0%
Properties Sold .......................................................
20
20
19
18
-10.0%
Properties Pending Sale .......................................
21
10
25
31
47.6%
Properties For Sale ................................................
83
61
95
111
33.7%
Days on Market (Pending Sale) ...........................
24
51
67
57
137.5%
Month’s Supply of Inventory ................................
4.2
3
5
6.2
48.6%
Percent Under Contract ........................................
25.3%
16.4%
26.3%
27.9%
10.4%
Average Median Price for Last 12 Months ........
$667,000
$694,067
$690,633
$701,762
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$716
JUL
$757,500
AUG SEP
MEDIAN SALES PRICE
OCT
$375
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$757 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Laguna Woods DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$625,000
$0
$772,000
$0
-100.0%
Average Price per Square Foot ...........................
$393
$0
$432
$0
-100.0%
Properties Sold .......................................................
1
0
1
0
-100.0%
Properties Pending Sale .......................................
0
2
0
0
0%
Properties For Sale ................................................
2
2
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
76
0
0
0%
Month’s Supply of Inventory ................................
2
0
0
0
0%
Percent Under Contract ........................................
0.0%
100.0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$582,000
$627,500
$0
$633,000
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$625
JUL
No sales
AUG SEP
MEDIAN SALES PRICE
OCT
No sales
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
No sales MONTH’S SUPPLY OF INVENTORY
APR MAY JUN M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,425,000
$2,024,750
$4,600,000
$3,547,500
46.3%
Average Price per Square Foot ...........................
$1,044
$944
$1,704
$1,245
19.3%
Properties Sold .......................................................
5
4
1
6
20.0%
Properties Pending Sale .......................................
6
4
6
3
-50.0%
Properties For Sale ................................................
36
38
49
48
33.3%
Days on Market (Pending Sale) ...........................
50
122
64
86
72.0%
Month’s Supply of Inventory ................................
7.2
9.5
49
8
11.1%
Percent Under Contract ........................................
16.7%
10.5%
12.2%
6.2%
-62.5%
Average Median Price for Last 12 Months ........
$2,315,000
$3,210,850
$3,034,200
$2,997,873
29.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.425
JUL
$3,547,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,245
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.547 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Mission Viejo DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$600,000
$639,000
$615,000
$660,000
10.0%
Average Price per Square Foot ...........................
$318
$319
$318
$319
0.3%
Properties Sold .......................................................
84
81
68
93
10.7%
Properties Pending Sale .......................................
102
58
79
82
-19.6%
Properties For Sale ................................................
245
213
267
312
27.3%
Days on Market (Pending Sale) ...........................
40
75
50
50
25.0%
Month’s Supply of Inventory ................................
2.9
2.6
3.9
3.4
15.0%
Percent Under Contract ........................................
41.6%
27.2%
29.6%
26.3%
-36.9%
Average Median Price for Last 12 Months ........
$551,000
$631,667
$648,833
$627,423
13.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$600
JUL
$660,000
AUG SEP
MEDIAN SALES PRICE
OCT
$319
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Newport Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,831,250
$1,600,000
$1,849,500
$1,680,000
-8.3%
Average Price per Square Foot ...........................
$696
$690
$726
$784
12.6%
Properties Sold .......................................................
49
53
32
64
30.6%
Properties Pending Sale .......................................
58
33
67
71
22.4%
Properties For Sale ................................................
265
236
323
387
46.0%
Days on Market (Pending Sale) ...........................
64
86
62
69
7.8%
Month’s Supply of Inventory ................................
5.4
4.5
10.1
6
11.8%
Percent Under Contract ........................................
21.9%
14.0%
20.7%
18.3%
-16.2%
Average Median Price for Last 12 Months ........
$1,526,000
$1,826,083
$1,830,667
$1,809,250
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.831
JUL
$1,680,000
AUG SEP
MEDIAN SALES PRICE
OCT
$784
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Newport Coast DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,872,500
$1,877,500
$2,747,500
$4,280,000
49.0%
Average Price per Square Foot ...........................
$757
$712
$828
$744
-1.7%
Properties Sold .......................................................
16
10
14
7
-56.2%
Properties Pending Sale .......................................
12
7
16
14
16.7%
Properties For Sale ................................................
91
68
89
109
19.8%
Days on Market (Pending Sale) ...........................
62
101
51
50
-19.4%
Month’s Supply of Inventory ................................
5.7
6.8
6.4
15.6
173.8%
Percent Under Contract ........................................
13.2%
10.3%
18.0%
12.8%
-2.6%
Average Median Price for Last 12 Months ........
$2,566,000
$3,259,458
$3,314,750
$2,938,558
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.872
JUL
$4,280,000
AUG SEP
MEDIAN SALES PRICE
OCT
$744
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
15.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Newport Heights DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,385,000
$1,952,812
$1,590,000
$1,925,000
39.0%
Average Price per Square Foot ...........................
$567
$686
$764
$633
11.6%
Properties Sold .......................................................
5
8
4
9
80.0%
Properties Pending Sale .......................................
5
7
15
6
20.0%
Properties For Sale ................................................
33
26
36
33
0.0%
Days on Market (Pending Sale) ...........................
68
89
56
43
-36.8%
Month’s Supply of Inventory ................................
6.6
3.2
9
3.7
-44.4%
Percent Under Contract ........................................
15.2%
26.9%
41.7%
18.2%
20.0%
Average Median Price for Last 12 Months ........
$1,442,000
$1,891,311
$2,147,122
$1,696,783
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.385
JUL
$1,925,000
AUG SEP
MEDIAN SALES PRICE
OCT
$633
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Rancho Santa Margarita DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$672,500
$619,000
$612,000
$665,000
-1.1%
Average Price per Square Foot ...........................
$303
$303
$319
$318
5.0%
Properties Sold .......................................................
58
33
41
51
-12.1%
Properties Pending Sale .......................................
45
22
38
45
0.0%
Properties For Sale ................................................
107
101
131
180
68.2%
Days on Market (Pending Sale) ...........................
31
53
45
50
61.3%
Month’s Supply of Inventory ................................
1.8
3.1
3.2
3.5
91.3%
Percent Under Contract ........................................
42.1%
21.8%
29.0%
25.0%
-40.6%
Average Median Price for Last 12 Months ........
$571,000
$652,583
$656,167
$643,440
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$672
JUL
$665,000
AUG SEP
MEDIAN SALES PRICE
OCT
$318
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Clemente DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$855,000
$850,000
$816,000
$793,750
-7.2%
Average Price per Square Foot ...........................
$372
$389
$371
$383
3.0%
Properties Sold .......................................................
69
51
40
56
-18.8%
Properties Pending Sale .......................................
77
46
80
60
-22.1%
Properties For Sale ................................................
295
234
281
331
12.2%
Days on Market (Pending Sale) ...........................
58
66
58
69
19.0%
Month’s Supply of Inventory ................................
4.3
4.6
7
5.9
38.3%
Percent Under Contract ........................................
26.1%
19.7%
28.5%
18.1%
-30.6%
Average Median Price for Last 12 Months ........
$739,000
$808,083
$821,500
$821,308
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$855
JUL
$793,750
AUG SEP
MEDIAN SALES PRICE
OCT
$383
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$793 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
San Juan Capistrano DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$875,000
$877,500
$815,000
$700,000
-20.0%
Average Price per Square Foot ...........................
$327
$379
$373
$338
3.4%
Properties Sold .......................................................
27
20
27
31
14.8%
Properties Pending Sale .......................................
28
21
28
35
25.0%
Properties For Sale ................................................
144
130
132
153
6.2%
Days on Market (Pending Sale) ...........................
46
97
87
55
19.6%
Month’s Supply of Inventory ................................
5.3
6.5
4.9
4.9
-7.5%
Percent Under Contract ........................................
19.4%
16.2%
21.2%
22.9%
17.6%
Average Median Price for Last 12 Months ........
$689,000
$901,000
$741,667
$857,131
24.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$875
JUL
$700,000
AUG SEP
MEDIAN SALES PRICE
OCT
$338
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Shady Canyon DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$0
$6,300,000
$5,619,000
$4,050,000
0%
Average Price per Square Foot ...........................
$0
$810
$677
$694
0%
Properties Sold .......................................................
0
1
2
1
0%
Properties Pending Sale .......................................
1
1
2
0
-100.0%
Properties For Sale ................................................
11
8
6
3
-72.7%
Days on Market (Pending Sale) ...........................
310
1
275
0
-100.0%
Month’s Supply of Inventory ................................
0
8
3
3
0%
Percent Under Contract ........................................
9.1%
12.5%
33.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$5,083,000
$4,506,333
$3,950,000
$4,823,800
-5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$4,050,000
AUG SEP
MEDIAN SALES PRICE
OCT
$694
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Turtle Ridge DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,031,500
$1,925,000
$2,075,000
$1,700,000
-16.3%
Average Price per Square Foot ...........................
$584
$681
$602
$656
12.3%
Properties Sold .......................................................
6
3
4
5
-16.7%
Properties Pending Sale .......................................
7
3
1
1
-85.7%
Properties For Sale ................................................
23
24
28
34
47.8%
Days on Market (Pending Sale) ...........................
40
145
149
109
172.5%
Month’s Supply of Inventory ................................
3.8
8
7
6.8
77.4%
Percent Under Contract ........................................
30.4%
12.5%
3.6%
2.9%
-90.3%
Average Median Price for Last 12 Months ........
$2,016,000
$2,516,833
$2,647,800
$2,453,958
21.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.031
JUL
$1,700,000
AUG SEP
MEDIAN SALES PRICE
OCT
$656
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Turtle Rock DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,500,000
$2,990,000
$1,390,000
$0
-100.0%
Average Price per Square Foot ...........................
$566
$444
$532
$0
-100.0%
Properties Sold .......................................................
3
1
3
0
-100.0%
Properties Pending Sale .......................................
2
1
1
0
-100.0%
Properties For Sale ................................................
9
6
5
3
-66.7%
Days on Market (Pending Sale) ...........................
45
182
1
0
-100.0%
Month’s Supply of Inventory ................................
3
6
1.7
0
0%
Percent Under Contract ........................................
22.2%
16.7%
20.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,165,000
$1,495,444
$0
$1,686,849
44.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.500
JUL
No sales
AUG SEP
MEDIAN SALES PRICE
OCT
No sales
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
No sales MONTH’S SUPPLY OF INVENTORY
APR MAY JUN M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Westminster DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$510,000
$502,500
$495,000
$529,944
3.9%
Average Price per Square Foot ...........................
$277
$307
$330
$314
13.4%
Properties Sold .......................................................
40
30
31
34
-15.0%
Properties Pending Sale .......................................
37
17
48
41
10.8%
Properties For Sale ................................................
110
78
124
129
17.3%
Days on Market (Pending Sale) ...........................
20
43
42
62
210.0%
Month’s Supply of Inventory ................................
2.8
2.6
4
3.8
38.0%
Percent Under Contract ........................................
33.6%
21.8%
38.7%
31.8%
-5.5%
Average Median Price for Last 12 Months ........
$434,000
$521,241
$531,981
$513,188
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$510
JUL
$529,944
AUG SEP
MEDIAN SALES PRICE
OCT
$314
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$529 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,295,500
$1,300,000
$1,800,000
$1,700,000
31.2%
Average Price per Square Foot ...........................
$580
$581
$496
$578
-0.3%
Properties Sold .......................................................
6
13
8
13
116.7%
Properties Pending Sale .......................................
10
5
15
14
40.0%
Properties For Sale ................................................
33
35
59
67
103.0%
Days on Market (Pending Sale) ...........................
51
81
51
51
0.0%
Month’s Supply of Inventory ................................
5.5
2.7
7.4
5.2
-6.3%
Percent Under Contract ........................................
30.3%
14.3%
25.4%
20.9%
-31.0%
Average Median Price for Last 12 Months ........
$1,257,000
$1,551,417
$1,440,000
$1,491,500
18.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.295
JUL
$1,700,000
AUG SEP
MEDIAN SALES PRICE
OCT
$578
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West Newport - Lido DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,474,500
$1,829,650
$3,087,000
$1,437,500
-2.5%
Average Price per Square Foot ...........................
$636
$779
$1,232
$942
48.1%
Properties Sold .......................................................
6
10
6
6
0.0%
Properties Pending Sale .......................................
9
3
4
10
11.1%
Properties For Sale ................................................
57
41
47
58
1.8%
Days on Market (Pending Sale) ...........................
144
87
22
98
-31.9%
Month’s Supply of Inventory ................................
9.5
4.1
7.8
9.7
1.8%
Percent Under Contract ........................................
15.8%
7.3%
8.5%
17.2%
9.2%
Average Median Price for Last 12 Months ........
$1,793,000
$2,156,167
$2,245,000
$2,067,973
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.474
JUL
$1,437,500
AUG SEP
MEDIAN SALES PRICE
OCT
$942
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : June 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : June 2014
telesproperties.com
Carpinteria DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$665,000
$869,000
$901,000
$3,875,000
482.7%
Average Price per Square Foot ...........................
$305
$1,052
$1,297
$1,061
247.9%
Properties Sold .......................................................
5
11
4
7
40.0%
Properties Pending Sale .......................................
8
2
13
9
12.5%
Properties For Sale ................................................
51
31
44
45
-11.8%
Days on Market (Pending Sale) ...........................
72
28
36
99
37.5%
Month’s Supply of Inventory ................................
10.2
2.8
11
6.4
-37.0%
Percent Under Contract ........................................
15.7%
6.5%
29.5%
20.0%
27.5%
Average Median Price for Last 12 Months ........
$971,000
$1,674,163
$1,809,417
$1,318,265
35.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$665
JUL
$3,875,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,061
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Goleta DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$750,000
$735,000
$720,000
$869,000
15.9%
Average Price per Square Foot ...........................
$456
$468
$455
$473
3.7%
Properties Sold .......................................................
11
9
10
5
-54.5%
Properties Pending Sale .......................................
9
6
17
9
0.0%
Properties For Sale ................................................
33
23
31
28
-15.2%
Days on Market (Pending Sale) ...........................
12
56
24
23
91.7%
Month’s Supply of Inventory ................................
3
2.6
3.1
5.6
86.7%
Percent Under Contract ........................................
27.3%
26.1%
54.8%
32.1%
17.9%
Average Median Price for Last 12 Months ........
$695,000
$817,167
$804,667
$785,654
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$750
JUL
$869,000
AUG SEP
MEDIAN SALES PRICE
OCT
$473
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$869 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Hope Ranch DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,080,000
$2,615,000
$5,130,750
$2,150,000
3.4%
Average Price per Square Foot ...........................
$508
$791
$872
$592
16.5%
Properties Sold .......................................................
2
3
4
4
100.0%
Properties Pending Sale .......................................
3
3
1
5
66.7%
Properties For Sale ................................................
29
37
36
36
24.1%
Days on Market (Pending Sale) ...........................
50
217
29
135
170.0%
Month’s Supply of Inventory ................................
14.5
12.3
9
9
-37.9%
Percent Under Contract ........................................
10.3%
8.1%
2.8%
13.9%
34.3%
Average Median Price for Last 12 Months ........
$2,649,000
$3,455,542
$2,737,500
$2,954,519
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.080
JUL
$2,150,000
AUG SEP
MEDIAN SALES PRICE
OCT
$592
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Montecito DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,545,000
$2,030,000
$2,500,000
$3,620,000
42.2%
Average Price per Square Foot ...........................
$803
$948
$956
$1,028
28.0%
Properties Sold .......................................................
20
18
10
25
25.0%
Properties Pending Sale .......................................
21
18
27
17
-19.0%
Properties For Sale ................................................
195
160
171
177
-9.2%
Days on Market (Pending Sale) ...........................
82
138
97
79
-3.7%
Month’s Supply of Inventory ................................
9.8
8.9
17.1
7.1
-27.4%
Percent Under Contract ........................................
10.8%
11.2%
15.8%
9.6%
-10.8%
Average Median Price for Last 12 Months ........
$2,332,000
$2,610,000
$2,925,000
$2,473,712
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.545
JUL
$3,620,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,028
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Barbara East of State DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$1,146,100
$1,250,000
$1,360,000
$1,196,000
4.4%
Average Price per Square Foot ...........................
$608
$751
$702
$682
12.2%
Properties Sold .......................................................
33
23
15
26
-21.2%
Properties Pending Sale .......................................
31
16
24
33
6.5%
Properties For Sale ................................................
131
104
104
138
5.3%
Days on Market (Pending Sale) ...........................
34
67
63
48
41.2%
Month’s Supply of Inventory ................................
4
4.5
6.9
5.3
33.7%
Percent Under Contract ........................................
23.7%
15.4%
23.1%
23.9%
1.1%
Average Median Price for Last 12 Months ........
$930,000
$1,241,083
$1,257,000
$1,155,837
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.146
JUL
$1,196,000
AUG SEP
MEDIAN SALES PRICE
OCT
$682
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.196 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Barbara West of State DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$881,500
$858,000
$950,000
$850,000
-3.6%
Average Price per Square Foot ...........................
$566
$586
$750
$598
5.7%
Properties Sold .......................................................
26
25
15
20
-23.1%
Properties Pending Sale .......................................
27
16
21
23
-14.8%
Properties For Sale ................................................
79
48
63
69
-12.7%
Days on Market (Pending Sale) ...........................
51
40
34
38
-25.5%
Month’s Supply of Inventory ................................
3
1.9
4.2
3.4
13.5%
Percent Under Contract ........................................
34.2%
33.3%
33.3%
33.3%
-2.5%
Average Median Price for Last 12 Months ........
$722,000
$946,250
$922,500
$920,577
27.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$881
JUL
$850,000
AUG SEP
MEDIAN SALES PRICE
OCT
$598
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Ynez DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$520,000
$600,000
$590,000
$835,000
60.6%
Average Price per Square Foot ...........................
$402
$268
$340
$414
3.0%
Properties Sold .......................................................
13
7
13
13
0.0%
Properties Pending Sale .......................................
12
3
13
12
0.0%
Properties For Sale ................................................
110
104
123
121
10.0%
Days on Market (Pending Sale) ...........................
206
81
61
206
0.0%
Month’s Supply of Inventory ................................
8.5
14.9
9.5
9.3
10.0%
Percent Under Contract ........................................
10.9%
2.9%
10.6%
9.9%
-9.1%
Average Median Price for Last 12 Months ........
$697,000
$730,833
$672,500
$675,000
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$520
JUL
$835,000
AUG SEP
MEDIAN SALES PRICE
OCT
$414
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : June 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : June 2014
telesproperties.com
Carmel DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$987,500
$1,302,500
$1,250,000
$1,525,000
54.4%
Average Price per Square Foot ...........................
$798
$727
$813
$733
-8.1%
Properties Sold .......................................................
22
20
20
23
4.5%
Properties Pending Sale .......................................
13
8
27
21
61.5%
Properties For Sale ................................................
162
132
153
147
-9.3%
Days on Market (Pending Sale) ...........................
97
251
122
81
-16.5%
Month’s Supply of Inventory ................................
7.4
6.6
7.6
6.4
-13.2%
Percent Under Contract ........................................
8.0%
6.1%
17.6%
14.3%
78.0%
Average Median Price for Last 12 Months ........
$1,219,000
$1,441,146
$1,330,833
$1,316,510
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$987
JUL
$1,525,000
AUG SEP
MEDIAN SALES PRICE
OCT
$733
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Carmel Valley DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$670,000
$1,165,000
$1,093,750
$745,000
11.2%
Average Price per Square Foot ...........................
$432
$440
$406
$442
2.3%
Properties Sold .......................................................
7
20
10
15
114.3%
Properties Pending Sale .......................................
9
9
24
15
66.7%
Properties For Sale ................................................
107
95
102
102
-4.7%
Days on Market (Pending Sale) ...........................
48
189
93
81
68.8%
Month’s Supply of Inventory ................................
15.3
4.8
10.2
6.8
-55.5%
Percent Under Contract ........................................
8.4%
9.5%
23.5%
14.7%
74.8%
Average Median Price for Last 12 Months ........
$855,000
$1,029,542
$872,000
$1,002,712
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$670
JUL
$745,000
AUG SEP
MEDIAN SALES PRICE
OCT
$442
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Pacific Grove DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$675,000
$799,500
$680,202
$730,000
8.1%
Average Price per Square Foot ...........................
$457
$531
$481
$765
67.4%
Properties Sold .......................................................
13
10
12
17
30.8%
Properties Pending Sale .......................................
9
12
15
13
44.4%
Properties For Sale ................................................
67
48
56
58
-13.4%
Days on Market (Pending Sale) ...........................
41
42
51
84
104.9%
Month’s Supply of Inventory ................................
5.2
4.8
4.7
3.4
-33.8%
Percent Under Contract ........................................
13.4%
25.0%
26.8%
22.4%
66.9%
Average Median Price for Last 12 Months ........
$620,000
$725,825
$719,167
$723,546
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$675
JUL
$730,000
AUG SEP
MEDIAN SALES PRICE
OCT
$765
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Pebble Beach DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$2,025,000
$2,000,000
$1,482,500
$1,282,500
-36.7%
Average Price per Square Foot ...........................
$771
$695
$510
$438
-43.2%
Properties Sold .......................................................
6
7
10
6
0.0%
Properties Pending Sale .......................................
6
7
16
8
33.3%
Properties For Sale ................................................
96
79
83
83
-13.5%
Days on Market (Pending Sale) ...........................
123
109
127
183
48.8%
Month’s Supply of Inventory ................................
16
11.3
8.3
13.8
-13.5%
Percent Under Contract ........................................
6.2%
8.9%
19.3%
9.6%
54.2%
Average Median Price for Last 12 Months ........
$1,330,000
$1,472,000
$1,359,167
$1,476,710
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.025
JUN JUL
$1,282,500
AUG SEP
MEDIAN SALES PRICE
OCT
$438
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
13.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.282 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : June 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : June 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$515,000
$825,000
$645,000
$490,000
-4.9%
Average Price per Square Foot ...........................
$464
$522
$531
$488
5.2%
Properties Sold .......................................................
3
9
6
10
233.3%
Properties Pending Sale .......................................
10
3
8
5
-50.0%
Properties For Sale ................................................
27
22
28
33
22.2%
Days on Market (Pending Sale) ...........................
59
80
42
50
-15.3%
Month’s Supply of Inventory ................................
9
2.4
4.7
3.3
-63.3%
Percent Under Contract ........................................
37.0%
13.6%
28.6%
15.2%
-59.1%
Average Median Price for Last 12 Months ........
$527,000
$629,167
$621,833
$671,000
27.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$515
JUL
$490,000
AUG SEP
MEDIAN SALES PRICE
OCT
$488
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Beverly Hills DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$868,000
$912,500
$850,000
$883,000
1.7%
Average Price per Square Foot ...........................
$826
$552
$630
$554
-32.9%
Properties Sold .......................................................
10
8
6
14
40.0%
Properties Pending Sale .......................................
9
4
9
10
11.1%
Properties For Sale ................................................
39
47
55
58
48.7%
Days on Market (Pending Sale) ...........................
69
145
69
83
20.3%
Month’s Supply of Inventory ................................
3.9
5.9
9.2
4.1
6.2%
Percent Under Contract ........................................
23.1%
8.5%
16.4%
17.2%
-25.3%
Average Median Price for Last 12 Months ........
$870,000
$1,073,083
$1,016,833
$977,308
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$868
JUL
$883,000
AUG SEP
MEDIAN SALES PRICE
OCT
$554
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$883 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Brentwood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$712,500
$767,500
$841,000
$672,000
-5.7%
Average Price per Square Foot ...........................
$475
$511
$561
$492
3.6%
Properties Sold .......................................................
22
20
14
17
-22.7%
Properties Pending Sale .......................................
24
10
20
16
-33.3%
Properties For Sale ................................................
74
59
83
86
16.2%
Days on Market (Pending Sale) ...........................
42
58
48
32
-23.8%
Month’s Supply of Inventory ................................
3.4
3
5.9
5.1
50.4%
Percent Under Contract ........................................
32.4%
16.9%
24.1%
18.6%
-42.6%
Average Median Price for Last 12 Months ........
$678,000
$759,083
$716,000
$725,038
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$712
JUL
$672,000
AUG SEP
MEDIAN SALES PRICE
OCT
$492
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$672 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Culver City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$400,817
$402,500
$479,000
$417,750
4.2%
Average Price per Square Foot ...........................
$355
$389
$399
$414
16.6%
Properties Sold .......................................................
21
8
12
18
-14.3%
Properties Pending Sale .......................................
21
10
17
21
0.0%
Properties For Sale ................................................
36
33
39
55
52.8%
Days on Market (Pending Sale) ...........................
20
35
23
31
55.0%
Month’s Supply of Inventory ................................
1.7
4.1
3.2
3.1
78.2%
Percent Under Contract ........................................
58.3%
30.3%
43.6%
38.2%
-34.5%
Average Median Price for Last 12 Months ........
$335,000
$404,375
$392,583
$407,794
21.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$400
JUL
$417,750
AUG SEP
MEDIAN SALES PRICE
OCT
$414
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$417 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Encino DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$236,000
$303,000
$283,000
$262,000
11.0%
Average Price per Square Foot ...........................
$226
$248
$267
$239
5.8%
Properties Sold .......................................................
10
10
14
18
80.0%
Properties Pending Sale .......................................
23
18
16
14
-39.1%
Properties For Sale ................................................
19
31
37
46
142.1%
Days on Market (Pending Sale) ...........................
28
69
71
57
103.6%
Month’s Supply of Inventory ................................
1.9
3.1
2.6
2.6
34.5%
Percent Under Contract ........................................
121.1%
58.1%
43.2%
30.4%
-74.9%
Average Median Price for Last 12 Months ........
$235,538
$304,333
$303,667
$296,231
25.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$236
JUL
$262,000
AUG SEP
MEDIAN SALES PRICE
OCT
$239
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$262 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Malibu DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$840,000
$753,500
$586,000
$785,000
-6.5%
Average Price per Square Foot ...........................
$468
$554
$329
$678
44.9%
Properties Sold .......................................................
3
2
2
2
-33.3%
Properties Pending Sale .......................................
6
5
4
1
-83.3%
Properties For Sale ................................................
23
21
20
16
-30.4%
Days on Market (Pending Sale) ...........................
110
54
177
68
-38.2%
Month’s Supply of Inventory ................................
7.7
10.5
10
8
4.3%
Percent Under Contract ........................................
26.1%
23.8%
20.0%
6.2%
-76.0%
Average Median Price for Last 12 Months ........
$654,000
$797,917
$961,667
$799,182
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$840
JUL
$785,000
AUG SEP
MEDIAN SALES PRICE
OCT
$678
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Marina Del Rey DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$732,500
$672,500
$702,500
$792,500
8.2%
Average Price per Square Foot ...........................
$481
$476
$473
$577
20.0%
Properties Sold .......................................................
21
34
20
30
42.9%
Properties Pending Sale .......................................
26
21
24
30
15.4%
Properties For Sale ................................................
135
132
135
133
-1.5%
Days on Market (Pending Sale) ...........................
60
95
57
44
-26.7%
Month’s Supply of Inventory ................................
6.4
3.9
6.8
4.4
-31.0%
Percent Under Contract ........................................
19.3%
15.9%
17.8%
22.6%
17.1%
Average Median Price for Last 12 Months ........
$639,000
$758,233
$791,667
$746,543
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$732
JUL
$792,500
AUG SEP
MEDIAN SALES PRICE
OCT
$577
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$792 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Santa Monica DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$795,500
$780,000
$757,500
$1,170,000
47.1%
Average Price per Square Foot ...........................
$685
$639
$590
$971
41.8%
Properties Sold .......................................................
30
35
28
56
86.7%
Properties Pending Sale .......................................
37
21
46
51
37.8%
Properties For Sale ................................................
97
89
126
150
54.6%
Days on Market (Pending Sale) ...........................
23
54
43
35
52.2%
Month’s Supply of Inventory ................................
3.2
2.5
4.5
2.7
-17.2%
Percent Under Contract ........................................
38.1%
23.6%
36.5%
34.0%
-10.9%
Average Median Price for Last 12 Months ........
$717,000
$841,550
$940,667
$819,965
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$795
JUL
$1,170,000
AUG SEP
MEDIAN SALES PRICE
OCT
$971
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Sherman Oaks DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$375,000
$394,000
$401,000
$405,000
8.0%
Average Price per Square Foot ...........................
$276
$305
$325
$315
14.1%
Properties Sold .......................................................
23
18
16
20
-13.0%
Properties Pending Sale .......................................
29
13
22
16
-44.8%
Properties For Sale ................................................
26
22
49
58
123.1%
Days on Market (Pending Sale) ...........................
55
66
79
46
-16.4%
Month’s Supply of Inventory ................................
1.1
1.2
3.1
2.9
156.5%
Percent Under Contract ........................................
111.5%
59.1%
44.9%
27.6%
-75.3%
Average Median Price for Last 12 Months ........
$316,769
$404,167
$397,667
$390,154
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$375
JUL
$405,000
AUG SEP
MEDIAN SALES PRICE
OCT
$315
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$405 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Studio City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$455,000
$507,000
$470,000
$395,000
-13.2%
Average Price per Square Foot ...........................
$356
$383
$363
$353
-0.8%
Properties Sold .......................................................
13
10
8
6
-53.8%
Properties Pending Sale .......................................
11
5
11
20
81.8%
Properties For Sale ................................................
12
22
33
35
191.7%
Days on Market (Pending Sale) ...........................
60
45
61
61
1.7%
Month’s Supply of Inventory ................................
0.9
2.2
4.1
5.8
531.9%
Percent Under Contract ........................................
91.7%
22.7%
33.3%
57.1%
-37.7%
Average Median Price for Last 12 Months ........
$425,154
$469,833
$461,667
$461,231
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$455
JUL
$395,000
AUG SEP
MEDIAN SALES PRICE
OCT
$353
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Venice DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$940,000
$1,185,000
$775,000
$1,136,500
20.9%
Average Price per Square Foot ...........................
$634
$608
$591
$783
23.5%
Properties Sold .......................................................
9
5
3
7
-22.2%
Properties Pending Sale .......................................
4
0
4
2
-50.0%
Properties For Sale ................................................
14
8
10
24
71.4%
Days on Market (Pending Sale) ...........................
40
0
32
228
470.0%
Month’s Supply of Inventory ................................
1.6
1.6
3.3
3.4
120.4%
Percent Under Contract ........................................
28.6%
0.0%
40.0%
8.3%
-70.8%
Average Median Price for Last 12 Months ........
$1,061,000
$1,166,960
$1,293,600
$1,092,358
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$940
JUL
$1,136,500
AUG SEP
MEDIAN SALES PRICE
OCT
$783
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.136 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West Hollywood DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$508,750
$639,000
$684,000
$630,000
23.8%
Average Price per Square Foot ...........................
$467
$524
$590
$547
17.1%
Properties Sold .......................................................
34
35
30
27
-20.6%
Properties Pending Sale .......................................
37
17
33
36
-2.7%
Properties For Sale ................................................
146
101
116
134
-8.2%
Days on Market (Pending Sale) ...........................
33
46
42
42
27.3%
Month’s Supply of Inventory ................................
4.3
2.9
3.9
5
15.6%
Percent Under Contract ........................................
25.3%
16.8%
28.4%
26.9%
6.0%
Average Median Price for Last 12 Months ........
$484,000
$627,125
$628,333
$599,308
23.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$508
JUL
$630,000
AUG SEP
MEDIAN SALES PRICE
OCT
$547
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
West LA DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$650,000
$762,250
$594,000
$694,500
6.8%
Average Price per Square Foot ...........................
$434
$457
$450
$452
4.1%
Properties Sold .......................................................
11
12
13
14
27.3%
Properties Pending Sale .......................................
13
12
17
20
53.8%
Properties For Sale ................................................
51
41
50
58
13.7%
Days on Market (Pending Sale) ...........................
27
42
30
45
66.7%
Month’s Supply of Inventory ................................
4.6
3.4
3.8
4.1
-10.6%
Percent Under Contract ........................................
25.5%
29.3%
34.0%
34.5%
35.3%
Average Median Price for Last 12 Months ........
$593,000
$623,250
$658,500
$651,096
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$650
JUL
$694,500
AUG SEP
MEDIAN SALES PRICE
OCT
$452
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$694 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
Westwood - Century City DATA*
Jun 2013
6 month
3 month
Jun 2014
% change
Median Price ..........................................................
$635,000
$720,000
$740,000
$729,000
14.8%
Average Price per Square Foot ...........................
$473
$668
$670
$596
26.0%
Properties Sold .......................................................
56
36
49
41
-26.8%
Properties Pending Sale .......................................
49
26
48
54
10.2%
Properties For Sale ................................................
268
245
281
319
19.0%
Days on Market (Pending Sale) ...........................
69
89
87
62
-10.1%
Month’s Supply of Inventory ................................
4.8
6.8
5.7
7.8
62.6%
Percent Under Contract ........................................
18.3%
10.6%
17.1%
16.9%
-7.4%
Average Median Price for Last 12 Months ........
$640,000
$752,344
$761,000
$734,354
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$635
JUL
$729,000
AUG SEP
MEDIAN SALES PRICE
OCT
$596
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$729 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2014
telesproperties.com
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