micro market report luxury real estate market research June 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : June 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : June 2015
telesproperties.com
Los Angeles County DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$536,000
$500,000
$516,000
$550,000
2.6%
Average Price per Square Foot ...........................
$414
$404
$411
$439
6.0%
Properties Sold .......................................................
4046
4029
4033
3697
-8.6%
Properties Pending Sale .......................................
4184
3393
5507
4421
5.7%
Properties For Sale ................................................
20,340
16,011
18,001
17,472
-14.1%
Days on Market (Pending Sale) ...........................
54
60
47
39
-27.8%
Month’s Supply of Inventory ................................
5
4
4.5
4.7
-6.0%
Percent Under Contract ........................................
20.6%
21.2%
30.6%
25.3%
23.0%
Average Median Price for Last 12 Months ........
$614,000
$523,795
$541,000
$526,828
-16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$536
JUL
$550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$439
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,300,000
$1,622,500
$2,712,500
$2,418,750
5.2%
Average Price per Square Foot ...........................
$970
$981
$1,092
$973
0.3%
Properties Sold .......................................................
10
14
18
20
100.0%
Properties Pending Sale .......................................
11
9
16
20
81.8%
Properties For Sale ................................................
117
110
117
140
19.7%
Days on Market (Pending Sale) ...........................
81
94
75
82
1.2%
Month’s Supply of Inventory ................................
11.7
7.9
6.5
7
-40.2%
Percent Under Contract ........................................
9.4%
8.2%
13.7%
14.3%
51.9%
Average Median Price for Last 12 Months ........
$1,872,000
$2,444,375
$2,385,417
$2,242,950
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.300
JUL
$2,418,750
AUG SEP
MEDIAN SALES PRICE
OCT
$973
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.418 M E 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 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,429,000
$1,330,000
$1,406,000
$1,520,000
6.4%
Average Price per Square Foot ...........................
$738
$629
$672
$634
-14.1%
Properties Sold .......................................................
16
10
19
20
25.0%
Properties Pending Sale .......................................
18
6
26
22
22.2%
Properties For Sale ................................................
74
52
62
73
-1.4%
Days on Market (Pending Sale) ...........................
20
59
49
43
115.0%
Month’s Supply of Inventory ................................
4.6
5.2
3.3
3.6
-21.1%
Percent Under Contract ........................................
24.3%
11.5%
41.9%
30.1%
23.9%
Average Median Price for Last 12 Months ........
$1,218,000
$1,402,583
$1,463,333
$1,391,831
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.429
JUL
$1,520,000
AUG SEP
MEDIAN SALES PRICE
OCT
$634
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Beverly Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,795,000
$4,395,000
$4,700,000
$6,487,500
132.1%
Average Price per Square Foot ...........................
$1,182
$2,031
$1,414
$1,428
20.8%
Properties Sold .......................................................
11
11
14
22
100.0%
Properties Pending Sale .......................................
17
8
24
16
-5.9%
Properties For Sale ................................................
97
84
101
88
-9.3%
Days on Market (Pending Sale) ...........................
54
110
84
60
11.1%
Month’s Supply of Inventory ................................
8.8
7.6
7.2
4
-54.6%
Percent Under Contract ........................................
17.5%
9.5%
23.8%
18.2%
3.7%
Average Median Price for Last 12 Months ........
$4,752,000
$5,104,583
$5,357,500
$4,419,038
-7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.795
JUL
$6,487,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,428
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$6.487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,580,000
$3,225,000
$1,400,000
$3,597,500
127.7%
Average Price per Square Foot ...........................
$786
$761
$761
$876
11.5%
Properties Sold .......................................................
10
14
14
18
80.0%
Properties Pending Sale .......................................
12
11
17
22
83.3%
Properties For Sale ................................................
129
123
143
142
10.1%
Days on Market (Pending Sale) ...........................
46
142
80
57
23.9%
Month’s Supply of Inventory ................................
12.9
8.8
10.2
7.9
-38.8%
Percent Under Contract ........................................
9.3%
8.9%
11.9%
15.5%
66.5%
Average Median Price for Last 12 Months ........
$2,175,000
$2,451,667
$2,786,667
$2,602,038
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.580
JUL
$3,597,500
AUG SEP
MEDIAN SALES PRICE
OCT
$876
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.597 M E 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 2015
telesproperties.com
Beverlywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$980,500
$837,625
$910,000
$1,228,500
25.3%
Average Price per Square Foot ...........................
$627
$558
$571
$632
0.8%
Properties Sold .......................................................
14
14
19
18
28.6%
Properties Pending Sale .......................................
16
13
18
21
31.2%
Properties For Sale ................................................
61
44
49
59
-3.3%
Days on Market (Pending Sale) ...........................
39
35
34
28
-28.2%
Month’s Supply of Inventory ................................
4.4
3.1
2.6
3.3
-24.8%
Percent Under Contract ........................................
26.2%
29.5%
36.7%
35.6%
35.7%
Average Median Price for Last 12 Months ........
$875,000
$963,750
$1,049,167
$963,548
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$980
JUL
$1,228,500
AUG SEP
MEDIAN SALES PRICE
OCT
$632
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.228 M E 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 2015
telesproperties.com
Brentwood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,730,000
$2,099,855
$3,433,391
$2,825,000
3.5%
Average Price per Square Foot ...........................
$924
$876
$743
$998
8.0%
Properties Sold .......................................................
28
28
11
21
-25.0%
Properties Pending Sale .......................................
21
15
24
27
28.6%
Properties For Sale ................................................
113
84
124
144
27.4%
Days on Market (Pending Sale) ...........................
59
68
51
56
-5.1%
Month’s Supply of Inventory ................................
4
3
11.3
6.9
69.9%
Percent Under Contract ........................................
18.6%
17.9%
19.4%
18.8%
0.9%
Average Median Price for Last 12 Months ........
$2,437,000
$2,947,315
$2,904,167
$2,769,019
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.730
JUL
$2,825,000
AUG SEP
MEDIAN SALES PRICE
OCT
$998
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.825 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,765,000
$1,675,000
$1,165,000
$1,849,000
4.8%
Average Price per Square Foot ...........................
$735
$672
$706
$731
-0.5%
Properties Sold .......................................................
11
9
3
8
-27.3%
Properties Pending Sale .......................................
5
8
10
8
60.0%
Properties For Sale ................................................
22
20
21
22
0.0%
Days on Market (Pending Sale) ...........................
43
42
47
25
-41.9%
Month’s Supply of Inventory ................................
2
2.2
7
2.8
37.5%
Percent Under Contract ........................................
22.7%
40.0%
47.6%
36.4%
60.0%
Average Median Price for Last 12 Months ........
$1,510,000
$1,621,167
$1,809,667
$1,632,885
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.765
JUL
$1,849,000
AUG SEP
MEDIAN SALES PRICE
OCT
$731
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.849 M E 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 2015
telesproperties.com
Culver City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$830,000
$877,000
$991,000
$1,038,000
25.1%
Average Price per Square Foot ...........................
$545
$577
$630
$610
11.9%
Properties Sold .......................................................
13
18
17
18
38.5%
Properties Pending Sale .......................................
10
12
21
28
180.0%
Properties For Sale ................................................
42
43
56
70
66.7%
Days on Market (Pending Sale) ...........................
19
24
23
31
63.2%
Month’s Supply of Inventory ................................
3.2
2.4
3.3
3.9
20.4%
Percent Under Contract ........................................
23.8%
27.9%
37.5%
40.0%
68.0%
Average Median Price for Last 12 Months ........
$787,000
$978,167
$1,008,000
$903,292
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$830
JUL
$1,038,000
AUG SEP
MEDIAN SALES PRICE
OCT
$610
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.038 M E 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,400,000
$1,317,500
$1,087,500
$1,200,000
-14.3%
Average Price per Square Foot ...........................
$650
$667
$580
$703
8.2%
Properties Sold .......................................................
22
24
16
24
9.1%
Properties Pending Sale .......................................
22
20
32
26
18.2%
Properties For Sale ................................................
105
92
109
126
20.0%
Days on Market (Pending Sale) ...........................
53
60
40
50
-5.7%
Month’s Supply of Inventory ................................
4.8
3.8
6.8
5.2
10.0%
Percent Under Contract ........................................
21.0%
21.7%
29.4%
20.6%
-1.5%
Average Median Price for Last 12 Months ........
$1,210,000
$1,293,000
$1,312,667
$1,331,885
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.400
JUL
$1,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$703
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.200 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 2015
telesproperties.com
Hollywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,007,614
$700,000
$855,000
$742,362
-26.3%
Average Price per Square Foot ...........................
$572
$464
$876
$569
-0.5%
Properties Sold .......................................................
10
9
9
13
30.0%
Properties Pending Sale .......................................
7
8
7
15
114.3%
Properties For Sale ................................................
22
40
40
45
104.5%
Days on Market (Pending Sale) ...........................
46
60
17
33
-28.3%
Month’s Supply of Inventory ................................
2.2
4.4
4.4
3.5
57.3%
Percent Under Contract ........................................
31.8%
20.0%
17.5%
33.3%
4.8%
Average Median Price for Last 12 Months ........
$655,000
$859,144
$822,454
$815,806
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.007
JUN JUL
$742,362
AUG SEP
MEDIAN SALES PRICE
OCT
$569
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 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 2015
telesproperties.com
Hollywood Hills East DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,101,650
$1,437,500
$1,170,660
$1,298,500
17.9%
Average Price per Square Foot ...........................
$563
$689
$554
$613
8.9%
Properties Sold .......................................................
13
10
11
14
7.7%
Properties Pending Sale .......................................
16
7
14
22
37.5%
Properties For Sale ................................................
66
61
52
91
37.9%
Days on Market (Pending Sale) ...........................
50
64
116
60
20.0%
Month’s Supply of Inventory ................................
4.1
8.7
3.7
6.5
57.6%
Percent Under Contract ........................................
24.2%
11.5%
26.9%
24.2%
-0.3%
Average Median Price for Last 12 Months ........
$1,122,000
$1,197,868
$1,305,333
$1,185,658
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.101
JUL
$1,298,500
AUG SEP
MEDIAN SALES PRICE
OCT
$613
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.298 M E 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 2015
telesproperties.com
Laurel Canyon DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,150,000
$1,205,000
$1,800,000
$1,636,000
42.3%
Average Price per Square Foot ...........................
$649
$808
$749
$725
11.7%
Properties Sold .......................................................
31
23
19
41
32.3%
Properties Pending Sale .......................................
30
27
32
39
30.0%
Properties For Sale ................................................
140
127
138
153
9.3%
Days on Market (Pending Sale) ...........................
41
60
51
48
17.1%
Month’s Supply of Inventory ................................
4.7
4.7
4.3
3.7
-20.0%
Percent Under Contract ........................................
21.4%
21.3%
23.2%
25.5%
19.0%
Average Median Price for Last 12 Months ........
$1,263,000
$1,545,446
$1,509,226
$1,455,821
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.150
JUL
$1,636,000
AUG SEP
MEDIAN SALES PRICE
OCT
$725
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.636 M E 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 2015
telesproperties.com
Los Feliz DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,312,500
$1,417,900
$1,087,500
$1,376,250
4.9%
Average Price per Square Foot ...........................
$627
$724
$584
$688
9.7%
Properties Sold .......................................................
22
22
16
20
-9.1%
Properties Pending Sale .......................................
26
15
22
18
-30.8%
Properties For Sale ................................................
99
69
76
94
-5.1%
Days on Market (Pending Sale) ...........................
47
59
33
40
-14.9%
Month’s Supply of Inventory ................................
3.8
4.6
3.5
4.7
23.4%
Percent Under Contract ........................................
26.3%
21.7%
28.9%
19.1%
-27.1%
Average Median Price for Last 12 Months ........
$1,158,000
$1,336,458
$1,354,583
$1,332,150
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.312
JUL
$1,376,250
AUG SEP
MEDIAN SALES PRICE
OCT
$688
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.376 M E 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 2015
telesproperties.com
Malibu DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,200,000
$2,520,000
$2,125,000
$3,150,000
43.2%
Average Price per Square Foot ...........................
$977
$800
$726
$931
-4.7%
Properties Sold .......................................................
11
17
15
18
63.6%
Properties Pending Sale .......................................
14
18
16
12
-14.3%
Properties For Sale ................................................
209
188
195
215
2.9%
Days on Market (Pending Sale) ...........................
87
145
108
76
-12.6%
Month’s Supply of Inventory ................................
19
11.1
13
11.9
-37.1%
Percent Under Contract ........................................
6.7%
9.6%
8.2%
5.6%
-16.7%
Average Median Price for Last 12 Months ........
$1,989,000
$2,176,916
$2,423,728
$2,349,923
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.200
JUL
$3,150,000
AUG SEP
MEDIAN SALES PRICE
OCT
$931
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
11.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.150 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 2015
telesproperties.com
Malibu Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$5,600,000
$4,700,000
$3,750,000
$3,150,000
-43.8%
Average Price per Square Foot ...........................
$1,617
$2,000
$1,764
$1,868
15.5%
Properties Sold .......................................................
5
3
3
7
40.0%
Properties Pending Sale .......................................
6
4
5
5
-16.7%
Properties For Sale ................................................
82
67
75
83
1.2%
Days on Market (Pending Sale) ...........................
206
204
193
142
-31.1%
Month’s Supply of Inventory ................................
16.4
22.3
25
11.9
-27.7%
Percent Under Contract ........................................
7.3%
6.0%
6.7%
6.0%
-17.7%
Average Median Price for Last 12 Months ........
$6,151,000
$4,475,417
$4,500,000
$5,952,692
-3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.600
JUN JUL
$3,150,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,868
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
11.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.150 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 2015
telesproperties.com
Marina Del Rey DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$3,081,000
$1,602,500
$1,200,000
$1,265,000
-58.9%
Average Price per Square Foot ...........................
$588
$663
$616
$817
38.9%
Properties Sold .......................................................
3
2
7
3
0.0%
Properties Pending Sale .......................................
1
4
4
3
200.0%
Properties For Sale ................................................
20
24
13
22
10.0%
Days on Market (Pending Sale) ...........................
24
65
48
50
108.3%
Month’s Supply of Inventory ................................
6.7
12
1.9
7.3
10.0%
Percent Under Contract ........................................
5.0%
16.7%
30.8%
13.6%
172.7%
Average Median Price for Last 12 Months ........
$1,594,000
$1,695,971
$1,435,833
$1,665,569
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.081
JUN JUL
$1,265,000
AUG SEP
MEDIAN SALES PRICE
OCT
$817
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.265 M E 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 2015
telesproperties.com
Mid Los Angeles DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$585,000
$450,000
$450,000
$580,000
-0.9%
Average Price per Square Foot ...........................
$318
$311
$298
$387
21.7%
Properties Sold .......................................................
19
37
32
35
84.2%
Properties Pending Sale .......................................
17
30
33
45
164.7%
Properties For Sale ................................................
66
135
135
136
106.1%
Days on Market (Pending Sale) ...........................
33
75
43
39
18.2%
Month’s Supply of Inventory ................................
3.5
3.6
4.2
3.9
11.9%
Percent Under Contract ........................................
25.8%
22.2%
24.4%
33.1%
28.5%
Average Median Price for Last 12 Months ........
$458,000
$490,083
$525,000
$510,623
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$585
JUL
$580,000
AUG SEP
MEDIAN SALES PRICE
OCT
$387
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2015
telesproperties.com
Mid Wilshire DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$695,000
$572,500
$522,500
$750,000
7.9%
Average Price per Square Foot ...........................
$278
$322
$456
$312
12.2%
Properties Sold .......................................................
1
7
2
3
200.0%
Properties Pending Sale .......................................
11
6
10
6
-45.5%
Properties For Sale ................................................
24
30
34
24
0.0%
Days on Market (Pending Sale) ...........................
41
40
58
40
-2.4%
Month’s Supply of Inventory ................................
24
4.3
17
8
-66.7%
Percent Under Contract ........................................
45.8%
20.0%
29.4%
25.0%
-45.5%
Average Median Price for Last 12 Months ........
$540,000
$651,000
$782,667
$630,385
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$695
JUL
$750,000
AUG SEP
MEDIAN SALES PRICE
OCT
$312
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Pacific Palisades DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,550,000
$1,990,000
$3,475,000
$2,547,500
-0.1%
Average Price per Square Foot ...........................
$873
$870
$924
$921
5.5%
Properties Sold .......................................................
33
15
25
30
-9.1%
Properties Pending Sale .......................................
36
11
37
30
-16.7%
Properties For Sale ................................................
119
96
125
144
21.0%
Days on Market (Pending Sale) ...........................
46
86
61
48
4.3%
Month’s Supply of Inventory ................................
3.6
6.4
5
4.8
33.1%
Percent Under Contract ........................................
30.3%
11.5%
29.6%
20.8%
-31.1%
Average Median Price for Last 12 Months ........
$2,392,000
$2,790,750
$2,740,833
$2,578,567
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.550
JUL
$2,547,500
AUG SEP
MEDIAN SALES PRICE
OCT
$921
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.547 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 2015
telesproperties.com
Palms - Mar Vista DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,066,000
$1,175,000
$1,195,000
$1,115,000
4.6%
Average Price per Square Foot ...........................
$685
$629
$712
$765
11.7%
Properties Sold .......................................................
26
31
25
37
42.3%
Properties Pending Sale .......................................
39
29
38
45
15.4%
Properties For Sale ................................................
91
67
90
93
2.2%
Days on Market (Pending Sale) ...........................
27
42
46
43
59.3%
Month’s Supply of Inventory ................................
3.5
2.2
3.6
2.5
-28.2%
Percent Under Contract ........................................
42.9%
43.3%
42.2%
48.4%
12.9%
Average Median Price for Last 12 Months ........
$961,000
$1,120,396
$1,174,792
$1,091,732
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.066
JUL
$1,115,000
AUG SEP
MEDIAN SALES PRICE
OCT
$765
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Playa Del Rey DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$922,500
$1,108,000
$2,295,000
$1,975,000
114.1%
Average Price per Square Foot ...........................
$649
$540
$527
$715
10.2%
Properties Sold .......................................................
4
4
7
2
-50.0%
Properties Pending Sale .......................................
3
5
6
1
-66.7%
Properties For Sale ................................................
18
22
14
11
-38.9%
Days on Market (Pending Sale) ...........................
14
59
108
13
-7.1%
Month’s Supply of Inventory ................................
4.5
5.5
2
5.5
22.2%
Percent Under Contract ........................................
16.7%
22.7%
42.9%
9.1%
-45.5%
Average Median Price for Last 12 Months ........
$1,157,000
$2,180,000
$2,491,667
$1,627,962
28.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$922
JUL
$1,975,000
AUG SEP
MEDIAN SALES PRICE
OCT
$715
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Playa Vista DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,242,000
$2,128,050
$1,835,000
$2,070,000
66.7%
Average Price per Square Foot ...........................
$473
$544
$480
$543
14.8%
Properties Sold .......................................................
5
2
2
1
-80.0%
Properties Pending Sale .......................................
4
0
4
1
-75.0%
Properties For Sale ................................................
9
4
7
9
0.0%
Days on Market (Pending Sale) ...........................
26
0
56
78
200.0%
Month’s Supply of Inventory ................................
1.8
2
3.5
9
400.0%
Percent Under Contract ........................................
44.4%
0.0%
57.1%
11.1%
-75.0%
Average Median Price for Last 12 Months ........
$1,318,000
$1,848,033
$1,925,250
$1,571,769
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.242
JUL
$2,070,000
AUG SEP
MEDIAN SALES PRICE
OCT
$543
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.070 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Santa Monica DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,160,000
$2,510,000
$2,165,000
$1,975,000
-8.6%
Average Price per Square Foot ...........................
$971
$1,119
$1,336
$1,088
12.0%
Properties Sold .......................................................
23
22
18
28
21.7%
Properties Pending Sale .......................................
30
16
26
35
16.7%
Properties For Sale ................................................
99
66
88
101
2.0%
Days on Market (Pending Sale) ...........................
46
41
29
31
-32.6%
Month’s Supply of Inventory ................................
4.3
3
4.9
3.6
-16.2%
Percent Under Contract ........................................
30.3%
24.2%
29.5%
34.7%
14.4%
Average Median Price for Last 12 Months ........
$1,981,000
$2,398,858
$2,353,333
$2,240,577
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.160
JUL
$1,975,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,088
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,660,000
$1,600,000
$1,888,700
$1,912,500
15.2%
Average Price per Square Foot ...........................
$631
$1,014
$818
$936
48.3%
Properties Sold .......................................................
33
37
28
52
57.6%
Properties Pending Sale .......................................
39
37
45
52
33.3%
Properties For Sale ................................................
264
251
289
318
20.5%
Days on Market (Pending Sale) ...........................
49
76
53
53
8.2%
Month’s Supply of Inventory ................................
8
6.8
10.3
6.1
-23.6%
Percent Under Contract ........................................
14.8%
14.7%
15.6%
16.4%
10.7%
Average Median Price for Last 12 Months ........
$1,462,000
$1,704,325
$1,750,417
$1,776,267
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.660
JUL
$1,912,500
AUG SEP
MEDIAN SALES PRICE
OCT
$936
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.912 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Venice DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,725,000
$1,653,500
$1,695,000
$1,809,670
4.9%
Average Price per Square Foot ...........................
$948
$901
$1,025
$1,018
7.4%
Properties Sold .......................................................
24
20
19
21
-12.5%
Properties Pending Sale .......................................
16
8
14
23
43.8%
Properties For Sale ................................................
62
54
72
83
33.9%
Days on Market (Pending Sale) ...........................
23
50
65
57
147.8%
Month’s Supply of Inventory ................................
2.6
2.7
3.8
4
53.0%
Percent Under Contract ........................................
25.8%
14.8%
19.4%
27.7%
7.4%
Average Median Price for Last 12 Months ........
$1,409,000
$1,799,112
$2,026,557
$1,716,503
21.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.725
JUL
$1,809,670
AUG SEP
MEDIAN SALES PRICE
OCT
$1,018
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.809 M E 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 2015
telesproperties.com
West Hollywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,125,000
$949,000
$1,477,500
$1,299,000
15.5%
Average Price per Square Foot ...........................
$679
$795
$770
$807
18.9%
Properties Sold .......................................................
13
11
14
9
-30.8%
Properties Pending Sale .......................................
12
10
20
11
-8.3%
Properties For Sale ................................................
45
50
53
49
8.9%
Days on Market (Pending Sale) ...........................
34
54
42
32
-5.9%
Month’s Supply of Inventory ................................
3.5
4.5
3.8
5.4
57.3%
Percent Under Contract ........................................
26.7%
20.0%
37.7%
22.4%
-15.8%
Average Median Price for Last 12 Months ........
$1,106,000
$1,661,167
$1,621,500
$1,394,779
20.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.125
JUL
$1,299,000
AUG SEP
MEDIAN SALES PRICE
OCT
$807
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
West Los Angeles DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$875,000
$845,000
$944,000
$930,775
6.4%
Average Price per Square Foot ...........................
$608
$650
$710
$606
-0.3%
Properties Sold .......................................................
9
9
6
15
66.7%
Properties Pending Sale .......................................
8
9
11
12
50.0%
Properties For Sale ................................................
33
39
37
36
9.1%
Days on Market (Pending Sale) ...........................
18
53
53
43
138.9%
Month’s Supply of Inventory ................................
3.7
4.3
6.2
2.4
-34.5%
Percent Under Contract ........................................
24.2%
23.1%
29.7%
33.3%
37.5%
Average Median Price for Last 12 Months ........
$807,000
$935,355
$945,925
$903,606
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$875
JUL
$930,775
AUG SEP
MEDIAN SALES PRICE
OCT
$606
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Westchester DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$752,000
$827,000
$855,000
$992,500
32.0%
Average Price per Square Foot ...........................
$539
$524
$544
$576
6.9%
Properties Sold .......................................................
22
27
23
37
68.2%
Properties Pending Sale .......................................
37
13
27
31
-16.2%
Properties For Sale ................................................
84
53
58
73
-13.1%
Days on Market (Pending Sale) ...........................
37
47
29
37
0.0%
Month’s Supply of Inventory ................................
3.8
2
2.5
2
-48.3%
Percent Under Contract ........................................
44.0%
24.5%
46.6%
42.5%
-3.6%
Average Median Price for Last 12 Months ........
$781,000
$908,014
$936,833
$868,335
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$752
JUL
$992,500
AUG SEP
MEDIAN SALES PRICE
OCT
$576
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Westwood - Century City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,505,000
$1,530,000
$1,997,500
$1,711,000
13.7%
Average Price per Square Foot ...........................
$769
$741
$827
$837
8.8%
Properties Sold .......................................................
15
11
8
11
-26.7%
Properties Pending Sale .......................................
19
5
15
19
0.0%
Properties For Sale ................................................
68
47
46
69
1.5%
Days on Market (Pending Sale) ...........................
39
96
32
27
-30.8%
Month’s Supply of Inventory ................................
4.5
4.3
5.8
6.3
38.4%
Percent Under Contract ........................................
27.9%
10.6%
32.6%
27.5%
-1.4%
Average Median Price for Last 12 Months ........
$1,547,000
$1,753,021
$1,676,625
$1,748,663
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.505
JUL
$1,711,000
AUG SEP
MEDIAN SALES PRICE
OCT
$837
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.711 M E 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 2015
telesproperties.com
South Bay Macro Market DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,314,500
$1,144,270
$1,235,517
$1,237,382
-5.9%
Average Price per Square Foot ...........................
$534
$545
$608
$559
4.8%
Properties Sold .......................................................
224
202
211
294
31.2%
Properties Pending Sale .......................................
256
151
281
280
9.4%
Properties For Sale ................................................
907
660
793
917
1.1%
Days on Market (Pending Sale) ...........................
38
65
40
51
34.7%
Month’s Supply of Inventory ................................
4
3.3
3.8
3.1
-23.0%
Percent Under Contract ........................................
28.2%
22.9%
35.4%
30.5%
8.2%
Average Median Price for Last 12 Months ........
$1,062,733
$1,220,231
$1,230,714
$1,197,252
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.314
JUL
$1,237,382
AUG SEP
MEDIAN SALES PRICE
OCT
$559
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.237 M E 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 2015
telesproperties.com
El Segundo DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$820,000
$949,000
$909,250
$942,500
14.9%
Average Price per Square Foot ...........................
$518
$502
$542
$595
14.9%
Properties Sold .......................................................
6
7
6
6
0.0%
Properties Pending Sale .......................................
4
4
5
4
0.0%
Properties For Sale ................................................
17
8
14
22
29.4%
Days on Market (Pending Sale) ...........................
19
32
17
14
-26.3%
Month’s Supply of Inventory ................................
2.8
1.1
2.3
3.7
29.4%
Percent Under Contract ........................................
23.5%
50.0%
35.7%
18.2%
-22.7%
Average Median Price for Last 12 Months ........
$849,000
$924,750
$940,583
$968,077
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$820
JUL
$942,500
AUG SEP
MEDIAN SALES PRICE
OCT
$595
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$942 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Hermosa Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,142,000
$1,599,999
$1,972,500
$1,361,250
19.2%
Average Price per Square Foot ...........................
$744
$857
$1,310
$769
3.4%
Properties Sold .......................................................
15
7
12
12
-20.0%
Properties Pending Sale .......................................
13
7
11
5
-61.5%
Properties For Sale ................................................
39
28
28
36
-7.7%
Days on Market (Pending Sale) ...........................
66
41
37
54
-18.2%
Month’s Supply of Inventory ................................
2.6
4
2.3
3
15.4%
Percent Under Contract ........................................
33.3%
25.0%
39.3%
13.9%
-58.3%
Average Median Price for Last 12 Months ........
$1,203,000
$1,785,208
$1,854,583
$1,586,438
31.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.142
JUL
$1,361,250
AUG SEP
MEDIAN SALES PRICE
OCT
$769
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.361 M E 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 2015
telesproperties.com
Manhattan Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,915,000
$1,825,000
$2,205,000
$2,555,000
33.4%
Average Price per Square Foot ...........................
$816
$884
$994
$912
11.8%
Properties Sold .......................................................
37
26
24
27
-27.0%
Properties Pending Sale .......................................
31
11
28
29
-6.5%
Properties For Sale ................................................
95
41
87
108
13.7%
Days on Market (Pending Sale) ...........................
44
79
23
32
-27.3%
Month’s Supply of Inventory ................................
2.6
1.6
3.6
4
55.8%
Percent Under Contract ........................................
32.6%
26.8%
32.2%
26.9%
-17.7%
Average Median Price for Last 12 Months ........
$1,823,000
$2,143,750
$2,270,000
$2,038,288
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.915
JUL
$2,555,000
AUG SEP
MEDIAN SALES PRICE
OCT
$912
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Palos Verdes Estates DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,500,000
$1,349,500
$1,797,500
$2,025,000
35.0%
Average Price per Square Foot ...........................
$610
$597
$627
$707
15.9%
Properties Sold .......................................................
13
8
14
23
76.9%
Properties Pending Sale .......................................
27
9
18
20
-25.9%
Properties For Sale ................................................
94
68
65
82
-12.8%
Days on Market (Pending Sale) ...........................
38
91
45
39
2.6%
Month’s Supply of Inventory ................................
7.2
8.5
4.6
3.6
-50.7%
Percent Under Contract ........................................
28.7%
13.2%
27.7%
24.4%
-15.1%
Average Median Price for Last 12 Months ........
$1,619,000
$1,752,917
$1,822,500
$1,750,990
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.500
JUL
$2,025,000
AUG SEP
MEDIAN SALES PRICE
OCT
$707
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.025 M E 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 2015
telesproperties.com
Rancho Palos Verdes DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,260,000
$1,235,000
$1,085,000
$1,265,000
0.4%
Average Price per Square Foot ...........................
$481
$517
$512
$508
5.6%
Properties Sold .......................................................
32
25
33
49
53.1%
Properties Pending Sale .......................................
45
22
46
42
-6.7%
Properties For Sale ................................................
160
108
140
162
1.2%
Days on Market (Pending Sale) ...........................
44
55
48
69
56.8%
Month’s Supply of Inventory ................................
5
4.3
4.2
3.3
-33.9%
Percent Under Contract ........................................
28.1%
20.4%
32.9%
25.9%
-7.8%
Average Median Price for Last 12 Months ........
$1,137,000
$1,179,167
$1,192,500
$1,164,261
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.260
JUL
$1,265,000
AUG SEP
MEDIAN SALES PRICE
OCT
$508
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.265 M E 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 2015
telesproperties.com
Redondo Beach- North DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$841,000
$772,500
$925,000
$920,075
9.4%
Average Price per Square Foot ...........................
$516
$506
$505
$537
4.1%
Properties Sold .......................................................
14
14
14
28
100.0%
Properties Pending Sale .......................................
14
11
18
25
78.6%
Properties For Sale ................................................
40
41
36
54
35.0%
Days on Market (Pending Sale) ...........................
21
28
40
30
42.9%
Month’s Supply of Inventory ................................
2.9
2.9
2.6
1.9
-32.5%
Percent Under Contract ........................................
35.0%
26.8%
50.0%
46.3%
32.3%
Average Median Price for Last 12 Months ........
$734,000
$882,679
$883,358
$850,160
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$841
JUL
$920,075
AUG SEP
MEDIAN SALES PRICE
OCT
$537
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 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 2015
telesproperties.com
Redondo Beach- South DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$995,000
$1,288,000
$1,075,000
$1,106,500
11.2%
Average Price per Square Foot ...........................
$539
$570
$652
$718
33.2%
Properties Sold .......................................................
17
17
16
14
-17.6%
Properties Pending Sale .......................................
21
11
14
14
-33.3%
Properties For Sale ................................................
65
37
42
48
-26.2%
Days on Market (Pending Sale) ...........................
27
60
23
34
25.9%
Month’s Supply of Inventory ................................
3.8
2.2
2.6
3.4
-10.3%
Percent Under Contract ........................................
32.3%
29.7%
33.3%
29.2%
-9.7%
Average Median Price for Last 12 Months ........
$962,000
$1,145,417
$1,145,167
$1,133,654
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$995
JUL
$1,106,500
AUG SEP
MEDIAN SALES PRICE
OCT
$718
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.106 M E 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 2015
telesproperties.com
Rolling Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$5,725,000
$2,844,575
$3,400,000
$3,225,000
-43.7%
Average Price per Square Foot ...........................
$840
$843
$945
$604
-28.1%
Properties Sold .......................................................
2
2
3
4
100.0%
Properties Pending Sale .......................................
2
1
3
2
0.0%
Properties For Sale ................................................
25
14
20
19
-24.0%
Days on Market (Pending Sale) ...........................
36
174
119
264
633.3%
Month’s Supply of Inventory ................................
12.5
7
6.7
4.8
-62.0%
Percent Under Contract ........................................
8.0%
7.1%
15.0%
10.5%
31.6%
Average Median Price for Last 12 Months ........
$2,908,000
$3,243,417
$3,096,667
$3,328,623
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.725
JUN JUL
$3,225,000
AUG SEP
MEDIAN SALES PRICE
OCT
$604
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Rolling Hills Estates DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,725,000
$1,619,282
$1,350,000
$1,185,000
-31.3%
Average Price per Square Foot ...........................
$570
$548
$548
$589
3.3%
Properties Sold .......................................................
4
10
3
12
200.0%
Properties Pending Sale .......................................
12
3
6
14
16.7%
Properties For Sale ................................................
30
19
18
37
23.3%
Days on Market (Pending Sale) ...........................
23
61
31
25
8.7%
Month’s Supply of Inventory ................................
7.5
1.9
6
3.1
-58.9%
Percent Under Contract ........................................
40.0%
15.8%
33.3%
37.8%
-5.4%
Average Median Price for Last 12 Months ........
$1,296,000
$1,441,125
$1,418,750
$1,416,137
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.725
JUN JUL
$1,185,000
AUG SEP
MEDIAN SALES PRICE
OCT
$589
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.185 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
San Pedro DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$520,000
$548,750
$533,500
$535,000
2.9%
Average Price per Square Foot ...........................
$338
$337
$389
$348
3.0%
Properties Sold .......................................................
24
28
28
43
79.2%
Properties Pending Sale .......................................
18
27
39
36
100.0%
Properties For Sale ................................................
99
123
137
136
37.4%
Days on Market (Pending Sale) ...........................
44
81
47
54
22.7%
Month’s Supply of Inventory ................................
4.1
4.4
4.9
3.2
-23.3%
Percent Under Contract ........................................
18.2%
22.0%
28.5%
26.5%
45.6%
Average Median Price for Last 12 Months ........
$496,000
$536,750
$550,667
$539,712
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$520
JUL
$535,000
AUG SEP
MEDIAN SALES PRICE
OCT
$348
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Torrance- County Strip DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$500,000
$442,500
$475,500
$457,500
-8.5%
Average Price per Square Foot ...........................
$313
$374
$364
$356
13.7%
Properties Sold .......................................................
7
2
2
10
42.9%
Properties Pending Sale .......................................
8
3
8
7
-12.5%
Properties For Sale ................................................
27
25
23
20
-25.9%
Days on Market (Pending Sale) ...........................
47
38
38
45
-4.3%
Month’s Supply of Inventory ................................
3.9
12.5
11.5
2
-48.1%
Percent Under Contract ........................................
29.6%
12.0%
34.8%
35.0%
18.1%
Average Median Price for Last 12 Months ........
$396,000
$464,458
$464,167
$441,596
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$500
JUL
$457,500
AUG SEP
MEDIAN SALES PRICE
OCT
$356
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$457 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Torrance- North DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$538,000
$567,500
$590,000
$580,000
7.8%
Average Price per Square Foot ...........................
$414
$386
$422
$402
-2.9%
Properties Sold .......................................................
13
18
18
19
46.2%
Properties Pending Sale .......................................
17
11
18
25
47.1%
Properties For Sale ................................................
46
31
40
49
6.5%
Days on Market (Pending Sale) ...........................
34
50
27
24
-29.4%
Month’s Supply of Inventory ................................
3.5
1.7
2.2
2.6
-27.1%
Percent Under Contract ........................................
37.0%
35.5%
45.0%
51.0%
38.1%
Average Median Price for Last 12 Months ........
$521,000
$583,408
$585,000
$568,338
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$538
JUL
$580,000
AUG SEP
MEDIAN SALES PRICE
OCT
$402
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2015
telesproperties.com
Torrance- South DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$859,000
$850,000
$777,500
$924,000
7.6%
Average Price per Square Foot ...........................
$499
$459
$530
$486
-2.6%
Properties Sold .......................................................
15
18
12
20
33.3%
Properties Pending Sale .......................................
15
16
21
19
26.7%
Properties For Sale ................................................
56
43
45
56
0.0%
Days on Market (Pending Sale) ...........................
40
78
31
25
-37.5%
Month’s Supply of Inventory ................................
3.7
2.4
3.8
2.8
-25.0%
Percent Under Contract ........................................
26.8%
37.2%
46.7%
33.9%
26.7%
Average Median Price for Last 12 Months ........
$764,000
$825,523
$855,963
$813,914
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$859
JUL
$924,000
AUG SEP
MEDIAN SALES PRICE
OCT
$486
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Torrance- Southeast DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$640,000
$549,950
$610,000
$649,000
1.4%
Average Price per Square Foot ...........................
$345
$363
$417
$407
18.0%
Properties Sold .......................................................
15
10
15
16
6.7%
Properties Pending Sale .......................................
14
5
22
16
14.3%
Properties For Sale ................................................
68
48
54
51
-25.0%
Days on Market (Pending Sale) ...........................
55
54
58
50
-9.1%
Month’s Supply of Inventory ................................
4.5
4.8
3.6
3.2
-29.7%
Percent Under Contract ........................................
20.6%
10.4%
40.7%
31.4%
52.4%
Average Median Price for Last 12 Months ........
$528,000
$617,917
$600,833
$602,294
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$640
JUL
$649,000
AUG SEP
MEDIAN SALES PRICE
OCT
$407
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Torrance- West DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$737,500
$722,500
$827,000
$829,900
12.5%
Average Price per Square Foot ...........................
$463
$429
$368
$454
-1.9%
Properties Sold .......................................................
10
10
11
11
10.0%
Properties Pending Sale .......................................
15
10
24
22
46.7%
Properties For Sale ................................................
46
26
44
37
-19.6%
Days on Market (Pending Sale) ...........................
35
60
20
13
-62.9%
Month’s Supply of Inventory ................................
4.6
2.6
4
3.4
-26.9%
Percent Under Contract ........................................
32.6%
38.5%
54.5%
59.5%
82.3%
Average Median Price for Last 12 Months ........
$705,000
$776,983
$779,967
$756,300
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$737
JUL
$829,900
AUG SEP
MEDIAN SALES PRICE
OCT
$454
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$829 M E 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 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$838,214
$780,429
$770,000
$831,357
-0.8%
Average Price per Square Foot ...........................
$392
$388
$414
$422
7.6%
Properties Sold .......................................................
502
491
446
510
1.6%
Properties Pending Sale .......................................
508
456
589
599
17.9%
Properties For Sale ................................................
1,147
1,004
899
1,133
-1.2%
Days on Market (Pending Sale) ...........................
63
64
70
50
-20.3%
Month’s Supply of Inventory ................................
2.3
2
2
2.2
-2.8%
Percent Under Contract ........................................
44.3%
45.4%
65.5%
52.9%
19.4%
Average Median Price for Last 12 Months ........
$703,857
$796,893
$820,071
$784,343
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$838
JUL
$831,357
AUG SEP
MEDIAN SALES PRICE
OCT
$422
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$831 M E 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 2015
telesproperties.com
Burbank DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$654,000
$640,000
$650,000
$675,000
3.2%
Average Price per Square Foot ...........................
$412
$424
$431
$461
11.9%
Properties Sold .......................................................
44
56
51
53
20.5%
Properties Pending Sale .......................................
60
47
73
56
-6.7%
Properties For Sale ................................................
91
75
78
106
16.5%
Days on Market (Pending Sale) ...........................
43
44
47
36
-16.3%
Month’s Supply of Inventory ................................
2.1
1.3
1.5
2
-3.3%
Percent Under Contract ........................................
65.9%
62.7%
93.6%
52.8%
-19.9%
Average Median Price for Last 12 Months ........
$609,769
$669,333
$686,333
$661,692
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$654
JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$461
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Encino DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$995,000
$1,200,000
$1,058,000
$1,280,000
28.6%
Average Price per Square Foot ...........................
$424
$423
$434
$495
16.7%
Properties Sold .......................................................
47
53
34
45
-4.3%
Properties Pending Sale .......................................
36
40
62
69
91.7%
Properties For Sale ................................................
121
110
118
133
9.9%
Days on Market (Pending Sale) ...........................
59
64
60
59
0.0%
Month’s Supply of Inventory ................................
2.6
2.1
3.5
3
14.8%
Percent Under Contract ........................................
29.8%
36.4%
52.5%
51.9%
74.4%
Average Median Price for Last 12 Months ........
$955,769
$1,111,625
$1,203,583
$1,094,135
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$995
JUL
$1,280,000
AUG SEP
MEDIAN SALES PRICE
OCT
$495
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Glendale DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$751,000
$715,000
$785,000
$830,000
10.5%
Average Price per Square Foot ...........................
$411
$392
$426
$431
4.9%
Properties Sold .......................................................
72
69
53
72
0.0%
Properties Pending Sale .......................................
70
71
74
93
32.9%
Properties For Sale ................................................
136
98
99
116
-14.7%
Days on Market (Pending Sale) ...........................
47
46
56
50
6.4%
Month’s Supply of Inventory ................................
1.9
1.4
1.9
1.6
-14.7%
Percent Under Contract ........................................
51.5%
72.4%
74.7%
80.2%
55.8%
Average Median Price for Last 12 Months ........
$685,846
$775,000
$806,333
$758,769
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$751
JUL
$830,000
AUG SEP
MEDIAN SALES PRICE
OCT
$431
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 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 2015
telesproperties.com
La Crescenta DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$732,000
$721,000
$660,000
$710,000
-3.0%
Average Price per Square Foot ...........................
$412
$410
$498
$467
13.3%
Properties Sold .......................................................
19
19
13
23
21.1%
Properties Pending Sale .......................................
31
15
13
25
-19.4%
Properties For Sale ................................................
44
20
27
25
-43.2%
Days on Market (Pending Sale) ...........................
58
80
48
43
-25.9%
Month’s Supply of Inventory ................................
2.3
1.1
2.1
1.1
-53.1%
Percent Under Contract ........................................
70.5%
75.0%
48.1%
100.0%
41.9%
Average Median Price for Last 12 Months ........
$658,462
$732,667
$783,333
$730,462
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$732
JUL
$710,000
AUG SEP
MEDIAN SALES PRICE
OCT
$467
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
North Hollywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$439,000
$486,000
$441,000
$520,000
18.5%
Average Price per Square Foot ...........................
$322
$347
$316
$334
3.7%
Properties Sold .......................................................
56
52
24
49
-12.5%
Properties Pending Sale .......................................
40
45
48
51
27.5%
Properties For Sale ................................................
66
90
73
72
9.1%
Days on Market (Pending Sale) ...........................
53
62
58
50
-5.7%
Month’s Supply of Inventory ................................
1.2
1.7
3
1.5
24.7%
Percent Under Contract ........................................
60.6%
50.0%
65.8%
70.8%
16.9%
Average Median Price for Last 12 Months ........
$402,385
$461,417
$479,167
$457,654
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$439
JUL
$520,000
AUG SEP
MEDIAN SALES PRICE
OCT
$334
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 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 2015
telesproperties.com
Shadow Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$600,000
$1,219,000
$860,000
$710,000
18.3%
Average Price per Square Foot ...........................
$259
$295
$222
$280
8.1%
Properties Sold .......................................................
3
1
1
3
0.0%
Properties Pending Sale .......................................
3
1
6
5
66.7%
Properties For Sale ................................................
14
15
9
10
-28.6%
Days on Market (Pending Sale) ...........................
78
82
163
36
-53.8%
Month’s Supply of Inventory ................................
4.7
15
9
3.3
-28.6%
Percent Under Contract ........................................
21.4%
6.7%
66.7%
50.0%
133.3%
Average Median Price for Last 12 Months ........
$712,769
$744,600
$730,000
$770,417
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$600
JUL
$710,000
AUG SEP
MEDIAN SALES PRICE
OCT
$280
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Sherman Oaks DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$900,000
$925,000
$924,000
$1,125,000
25.0%
Average Price per Square Foot ...........................
$437
$460
$527
$495
13.3%
Properties Sold .......................................................
49
77
46
64
30.6%
Properties Pending Sale .......................................
64
46
66
79
23.4%
Properties For Sale ................................................
154
119
112
143
-7.1%
Days on Market (Pending Sale) ...........................
58
58
55
55
-5.2%
Month’s Supply of Inventory ................................
3.1
1.5
2.4
2.2
-28.9%
Percent Under Contract ........................................
41.6%
38.7%
58.9%
55.2%
32.9%
Average Median Price for Last 12 Months ........
$828,769
$982,875
$1,037,083
$930,173
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$900
JUL
$1,125,000
AUG SEP
MEDIAN SALES PRICE
OCT
$495
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 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 2015
telesproperties.com
Studio City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,195,000
$975,000
$1,043,000
$1,250,000
4.6%
Average Price per Square Foot ...........................
$552
$477
$532
$560
1.4%
Properties Sold .......................................................
41
25
28
35
-14.6%
Properties Pending Sale .......................................
32
19
36
32
0.0%
Properties For Sale ................................................
81
80
56
90
11.1%
Days on Market (Pending Sale) ...........................
47
63
70
50
6.4%
Month’s Supply of Inventory ................................
2
3.2
2
2.6
30.2%
Percent Under Contract ........................................
39.5%
23.8%
64.3%
35.6%
-10.0%
Average Median Price for Last 12 Months ........
$1,021,308
$1,214,917
$1,212,167
$1,170,192
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.195
JUL
$1,250,000
AUG SEP
MEDIAN SALES PRICE
OCT
$560
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Sun Valley DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$385,000
$403,000
$375,000
$430,000
11.7%
Average Price per Square Foot ...........................
$300
$302
$305
$327
9.0%
Properties Sold .......................................................
23
14
23
20
-13.0%
Properties Pending Sale .......................................
27
27
26
16
-40.7%
Properties For Sale ................................................
40
42
22
43
7.5%
Days on Market (Pending Sale) ...........................
52
66
48
59
13.5%
Month’s Supply of Inventory ................................
1.7
3
1
2.2
23.6%
Percent Under Contract ........................................
67.5%
64.3%
118.2%
37.2%
-44.9%
Average Median Price for Last 12 Months ........
$404,923
$436,500
$448,000
$418,462
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$385
JUL
$430,000
AUG SEP
MEDIAN SALES PRICE
OCT
$327
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$430 M E 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 2015
telesproperties.com
Sunland/Tujunga DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$450,000
$458,000
$461,000
$479,000
6.4%
Average Price per Square Foot ...........................
$284
$308
$331
$319
12.3%
Properties Sold .......................................................
38
26
36
41
7.9%
Properties Pending Sale .......................................
46
34
48
43
-6.5%
Properties For Sale ................................................
78
55
60
78
0.0%
Days on Market (Pending Sale) ...........................
71
54
57
48
-32.4%
Month’s Supply of Inventory ................................
2.1
2.1
1.7
1.9
-7.3%
Percent Under Contract ........................................
59.0%
61.8%
80.0%
55.1%
-6.5%
Average Median Price for Last 12 Months ........
$406,692
$479,583
$482,500
$478,038
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$450
JUL
$479,000
AUG SEP
MEDIAN SALES PRICE
OCT
$319
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$479 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Tarzana DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$790,000
$895,000
$890,000
$916,000
15.9%
Average Price per Square Foot ...........................
$371
$383
$356
$381
2.7%
Properties Sold .......................................................
27
14
32
20
-25.9%
Properties Pending Sale .......................................
28
30
27
28
0.0%
Properties For Sale ................................................
94
90
77
95
1.1%
Days on Market (Pending Sale) ...........................
63
87
80
63
0.0%
Month’s Supply of Inventory ................................
3.5
6.4
2.4
4.8
36.4%
Percent Under Contract ........................................
29.8%
33.3%
35.1%
29.5%
-1.1%
Average Median Price for Last 12 Months ........
$791,231
$919,000
$965,667
$887,538
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$790
JUL
$916,000
AUG SEP
MEDIAN SALES PRICE
OCT
$381
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$916 M E 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 2015
telesproperties.com
Toluca Lake DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,415,000
$849,000
$1,175,000
$1,044,000
-56.8%
Average Price per Square Foot ...........................
$540
$470
$663
$514
-4.8%
Properties Sold .......................................................
5
8
11
8
60.0%
Properties Pending Sale .......................................
4
4
9
12
200.0%
Properties For Sale ................................................
27
16
15
20
-25.9%
Days on Market (Pending Sale) ...........................
129
66
59
40
-69.0%
Month’s Supply of Inventory ................................
5.4
2
1.4
2.5
-53.7%
Percent Under Contract ........................................
14.8%
25.0%
60.0%
60.0%
305.0%
Average Median Price for Last 12 Months ........
$995,077
$1,077,583
$1,045,167
$1,106,115
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.415
JUN JUL
$1,044,000
AUG SEP
MEDIAN SALES PRICE
OCT
$514
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.044 M E 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 2015
telesproperties.com
Valley Village DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$759,000
$725,000
$768,000
$928,000
22.3%
Average Price per Square Foot ...........................
$454
$419
$432
$515
13.4%
Properties Sold .......................................................
12
16
12
11
-8.3%
Properties Pending Sale .......................................
11
11
19
11
0.0%
Properties For Sale ................................................
27
17
17
22
-18.5%
Days on Market (Pending Sale) ...........................
52
45
105
44
-15.4%
Month’s Supply of Inventory ................................
2.2
1.1
1.4
2
-11.1%
Percent Under Contract ........................................
40.7%
64.7%
111.8%
50.0%
22.7%
Average Median Price for Last 12 Months ........
$734,077
$831,167
$872,667
$811,615
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$759
JUL
$928,000
AUG SEP
MEDIAN SALES PRICE
OCT
$515
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$928 M E 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 2015
telesproperties.com
Woodland Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$670,000
$715,000
$690,000
$742,000
10.7%
Average Price per Square Foot ...........................
$309
$327
$327
$323
4.5%
Properties Sold .......................................................
66
61
82
66
0.0%
Properties Pending Sale .......................................
56
66
82
79
41.1%
Properties For Sale ................................................
174
177
136
180
3.4%
Days on Market (Pending Sale) ...........................
65
73
75
64
-1.5%
Month’s Supply of Inventory ................................
2.6
2.9
1.7
2.7
3.4%
Percent Under Contract ........................................
32.2%
37.3%
60.3%
43.9%
36.4%
Average Median Price for Last 12 Months ........
$646,923
$712,833
$729,000
$705,538
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$670
JUL
$742,000
AUG SEP
MEDIAN SALES PRICE
OCT
$323
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 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 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$976,545
$997,182
$1,051,545
$1,011,182
3.5%
Average Price per Square Foot ...........................
$504
$489
$516
$522
3.7%
Properties Sold .......................................................
296
281
256
358
20.9%
Properties Pending Sale .......................................
309
241
311
387
25.2%
Properties For Sale ................................................
700
570
723
841
20.1%
Days on Market (Pending Sale) ...........................
39
59
45
49
25.3%
Month’s Supply of Inventory ................................
2.4
2
2.8
2.3
-0.7%
Percent Under Contract ........................................
44.1%
42.3%
43.0%
46.0%
4.2%
Average Median Price for Last 12 Months ........
$885,699
$1,025,186
$1,062,949
$1,002,876
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$976
JUL
$1,011,182
AUG SEP
MEDIAN SALES PRICE
OCT
$522
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.011 M E 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 2015
telesproperties.com
Altadena DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$570,000
$615,000
$605,000
$676,000
18.6%
Average Price per Square Foot ...........................
$394
$400
$411
$418
6.1%
Properties Sold .......................................................
29
35
42
50
72.4%
Properties Pending Sale .......................................
34
26
26
60
76.5%
Properties For Sale ................................................
74
45
54
52
-29.7%
Days on Market (Pending Sale) ...........................
36
59
50
51
41.7%
Month’s Supply of Inventory ................................
2.6
1.3
1.3
1
-59.2%
Percent Under Contract ........................................
45.9%
57.8%
48.1%
115.4%
151.1%
Average Median Price for Last 12 Months ........
$570,923
$658,000
$675,333
$632,385
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$570
JUL
$676,000
AUG SEP
MEDIAN SALES PRICE
OCT
$418
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$676 M E 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 2015
telesproperties.com
Arcadia DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,312,000
$1,255,000
$1,295,000
$1,453,000
10.7%
Average Price per Square Foot ...........................
$615
$577
$549
$588
-4.4%
Properties Sold .......................................................
54
48
30
46
-14.8%
Properties Pending Sale .......................................
37
35
48
49
32.4%
Properties For Sale ................................................
142
147
199
260
83.1%
Days on Market (Pending Sale) ...........................
41
63
75
71
73.2%
Month’s Supply of Inventory ................................
2.6
3.1
6.6
5.7
114.9%
Percent Under Contract ........................................
26.1%
23.8%
24.1%
18.8%
-27.7%
Average Median Price for Last 12 Months ........
$1,321,231
$1,297,083
$1,286,500
$1,331,500
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.312
JUL
$1,453,000
AUG SEP
MEDIAN SALES PRICE
OCT
$588
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.453 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Duarte DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$423,000
$475,000
$508,000
$439,000
3.8%
Average Price per Square Foot ...........................
$324
$302
$335
$357
10.2%
Properties Sold .......................................................
10
12
13
21
110.0%
Properties Pending Sale .......................................
12
17
15
16
33.3%
Properties For Sale ................................................
26
21
23
30
15.4%
Days on Market (Pending Sale) ...........................
49
82
67
49
0.0%
Month’s Supply of Inventory ................................
2.6
1.8
1.8
1.4
-45.1%
Percent Under Contract ........................................
46.2%
81.0%
65.2%
53.3%
15.6%
Average Median Price for Last 12 Months ........
$391,462
$462,000
$468,000
$449,231
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$423
JUL
$439,000
AUG SEP
MEDIAN SALES PRICE
OCT
$357
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.4 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 2015
telesproperties.com
Eagle Rock DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$699,000
$815,000
$638,000
$700,000
0.1%
Average Price per Square Foot ...........................
$428
$431
$476
$505
18.0%
Properties Sold .......................................................
20
11
14
16
-20.0%
Properties Pending Sale .......................................
17
10
19
16
-5.9%
Properties For Sale ................................................
26
19
24
33
26.9%
Days on Market (Pending Sale) ...........................
31
39
23
39
25.8%
Month’s Supply of Inventory ................................
1.3
1.7
1.7
2.1
58.7%
Percent Under Contract ........................................
65.4%
52.6%
79.2%
48.5%
-25.8%
Average Median Price for Last 12 Months ........
$564,000
$692,833
$727,000
$697,154
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$699
JUL
$700,000
AUG SEP
MEDIAN SALES PRICE
OCT
$505
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 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 2015
telesproperties.com
La Canada Flintridge DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,381,000
$1,439,000
$2,100,000
$1,489,000
7.8%
Average Price per Square Foot ...........................
$553
$580
$731
$609
10.1%
Properties Sold .......................................................
20
23
10
36
80.0%
Properties Pending Sale .......................................
23
16
20
35
52.2%
Properties For Sale ................................................
57
27
52
59
3.5%
Days on Market (Pending Sale) ...........................
37
70
38
36
-2.7%
Month’s Supply of Inventory ................................
2.8
1.2
5.2
1.6
-42.5%
Percent Under Contract ........................................
40.4%
59.3%
38.5%
59.3%
47.0%
Average Median Price for Last 12 Months ........
$1,288,923
$1,675,503
$1,669,339
$1,513,617
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.381
JUL
$1,489,000
AUG SEP
MEDIAN SALES PRICE
OCT
$609
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.489 M E 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 2015
telesproperties.com
Monrovia DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$653,000
$635,000
$583,000
$538,000
-17.6%
Average Price per Square Foot ...........................
$414
$401
$427
$419
1.2%
Properties Sold .......................................................
26
23
16
27
3.8%
Properties Pending Sale .......................................
31
22
30
29
-6.5%
Properties For Sale ................................................
60
50
64
72
20.0%
Days on Market (Pending Sale) ...........................
44
54
44
60
36.4%
Month’s Supply of Inventory ................................
2.3
2.2
4
2.7
15.6%
Percent Under Contract ........................................
51.7%
44.0%
46.9%
40.3%
-22.0%
Average Median Price for Last 12 Months ........
$532,000
$578,833
$610,333
$601,154
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $653
JUN JUL
$538,000
AUG SEP
MEDIAN SALES PRICE
OCT
$419
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$538 M E 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 2015
telesproperties.com
Pasadena DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$795,000
$770,000
$788,000
$859,000
8.1%
Average Price per Square Foot ...........................
$515
$474
$482
$513
-0.4%
Properties Sold .......................................................
70
76
86
99
41.4%
Properties Pending Sale .......................................
92
76
103
109
18.5%
Properties For Sale ................................................
185
157
175
175
-5.4%
Days on Market (Pending Sale) ...........................
40
53
67
47
17.5%
Month’s Supply of Inventory ................................
2.6
2.1
2
1.8
-33.1%
Percent Under Contract ........................................
49.7%
48.4%
58.9%
62.3%
25.2%
Average Median Price for Last 12 Months ........
$682,923
$776,833
$811,333
$768,692
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$795
JUL
$859,000
AUG SEP
MEDIAN SALES PRICE
OCT
$513
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$859 M E 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 2015
telesproperties.com
San Gabriel DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$635,000
$745,000
$655,000
$714,000
12.4%
Average Price per Square Foot ...........................
$403
$418
$432
$414
2.7%
Properties Sold .......................................................
34
26
22
24
-29.4%
Properties Pending Sale .......................................
22
20
23
35
59.1%
Properties For Sale ................................................
56
48
60
76
35.7%
Days on Market (Pending Sale) ...........................
41
54
35
36
-12.2%
Month’s Supply of Inventory ................................
1.6
1.8
2.7
3.2
92.3%
Percent Under Contract ........................................
39.3%
41.7%
38.3%
46.1%
17.2%
Average Median Price for Last 12 Months ........
$616,000
$720,917
$733,833
$703,038
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$635
JUL
$714,000
AUG SEP
MEDIAN SALES PRICE
OCT
$414
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$714 M E 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 2015
telesproperties.com
San Marino DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,186,000
$2,035,000
$2,275,000
$2,200,000
0.6%
Average Price per Square Foot ...........................
$862
$831
$871
$852
-1.2%
Properties Sold .......................................................
11
8
9
12
9.1%
Properties Pending Sale .......................................
12
5
9
10
-16.7%
Properties For Sale ................................................
24
26
27
49
104.2%
Days on Market (Pending Sale) ...........................
26
38
29
27
3.8%
Month’s Supply of Inventory ................................
2.2
3.2
3
4.1
87.2%
Percent Under Contract ........................................
50.0%
19.2%
33.3%
20.4%
-59.2%
Average Median Price for Last 12 Months ........
$1,973,923
$2,331,667
$2,503,333
$2,264,538
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.186
JUL
$2,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$852
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 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 2015
telesproperties.com
Sierra Madre DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$788,000
$775,000
$1,240,000
$899,000
14.1%
Average Price per Square Foot ...........................
$384
$481
$383
$508
32.3%
Properties Sold .......................................................
11
7
3
15
36.4%
Properties Pending Sale .......................................
14
9
8
14
0.0%
Properties For Sale ................................................
23
18
26
16
-30.4%
Days on Market (Pending Sale) ...........................
65
81
21
65
0.0%
Month’s Supply of Inventory ................................
2.1
2.6
8.7
1.1
-49.0%
Percent Under Contract ........................................
60.9%
50.0%
30.8%
87.5%
43.8%
Average Median Price for Last 12 Months ........
$836,231
$951,250
$949,833
$900,808
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$788
JUL
$899,000
AUG SEP
MEDIAN SALES PRICE
OCT
$508
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
South Pasadena DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,300,000
$1,410,000
$880,000
$1,156,000
-11.1%
Average Price per Square Foot ...........................
$652
$484
$583
$564
-13.5%
Properties Sold .......................................................
11
12
11
12
9.1%
Properties Pending Sale .......................................
15
5
10
14
-6.7%
Properties For Sale ................................................
27
12
19
19
-29.6%
Days on Market (Pending Sale) ...........................
17
53
44
54
217.6%
Month’s Supply of Inventory ................................
2.5
1
1.7
1.6
-35.5%
Percent Under Contract ........................................
55.6%
41.7%
52.6%
73.7%
32.6%
Average Median Price for Last 12 Months ........
$944,923
$1,132,131
$1,257,596
$1,169,522
23.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.300
JUL
$1,156,000
AUG SEP
MEDIAN SALES PRICE
OCT
$564
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.156 M E 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 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : June 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : June 2015
telesproperties.com
Orange County DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$684,950
$667,000
$680,000
$710,000
3.7%
Average Price per Square Foot ...........................
$403
$400
$403
$420
4.2%
Properties Sold .......................................................
1686
1417
1599
1954
15.9%
Properties Pending Sale .......................................
1703
1060
2086
2095
23.0%
Properties For Sale ................................................
7,619
5,458
6,600
7,400
-2.9%
Days on Market (Pending Sale) ...........................
55
77
52
64
16.4%
Month’s Supply of Inventory ................................
4.5
3.9
4.1
3.8
-16.2%
Percent Under Contract ........................................
22.4%
19.4%
31.6%
28.3%
26.7%
Average Median Price for Last 12 Months ........
$641,000
$683,167
$703,333
$680,396
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$684
JUL
$710,000
AUG SEP
MEDIAN SALES PRICE
OCT
$420
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Aliso Viejo DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$742,000
$698,000
$720,000
$732,000
-1.3%
Average Price per Square Foot ...........................
$344
$363
$366
$358
4.1%
Properties Sold .......................................................
20
18
15
30
50.0%
Properties Pending Sale .......................................
19
6
26
27
42.1%
Properties For Sale ................................................
86
49
60
79
-8.1%
Days on Market (Pending Sale) ...........................
42
74
37
43
2.4%
Month’s Supply of Inventory ................................
4.3
2.7
4
2.6
-38.8%
Percent Under Contract ........................................
22.1%
12.2%
43.3%
34.2%
54.7%
Average Median Price for Last 12 Months ........
$688,000
$720,000
$745,000
$724,885
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$742
JUL
$732,000
AUG SEP
MEDIAN SALES PRICE
OCT
$358
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 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 2015
telesproperties.com
Balboa Peninsula DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,625,000
$2,275,000
$4,345,000
$4,550,000
73.3%
Average Price per Square Foot ...........................
$1,468
$838
$1,435
$1,613
9.9%
Properties Sold .......................................................
6
7
2
5
-16.7%
Properties Pending Sale .......................................
6
6
4
8
33.3%
Properties For Sale ................................................
47
35
35
38
-19.1%
Days on Market (Pending Sale) ...........................
74
85
114
62
-16.2%
Month’s Supply of Inventory ................................
7.8
5
17.5
7.6
-3.0%
Percent Under Contract ........................................
12.8%
17.1%
11.4%
21.1%
64.9%
Average Median Price for Last 12 Months ........
$2,610,000
$3,129,083
$3,239,833
$2,879,000
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.625
JUL
$4,550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,613
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.550 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 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,825,000
$2,450,000
$2,316,000
$3,087,500
69.2%
Average Price per Square Foot ...........................
$923
$1,092
$1,043
$1,124
21.8%
Properties Sold .......................................................
12
9
5
14
16.7%
Properties Pending Sale .......................................
12
9
8
17
41.7%
Properties For Sale ................................................
74
64
88
102
37.8%
Days on Market (Pending Sale) ...........................
100
85
52
65
-35.0%
Month’s Supply of Inventory ................................
6.2
7.1
17.6
7.3
18.1%
Percent Under Contract ........................................
16.2%
14.1%
9.1%
16.7%
2.8%
Average Median Price for Last 12 Months ........
$2,491,000
$2,355,716
$2,695,833
$2,188,407
-12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.825
JUL
$3,087,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,124
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.087 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Coto de Caza DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,275,000
$1,215,000
$1,255,000
$1,040,000
-18.4%
Average Price per Square Foot ...........................
$372
$333
$334
$334
-10.2%
Properties Sold .......................................................
13
19
20
20
53.8%
Properties Pending Sale .......................................
21
11
36
17
-19.0%
Properties For Sale ................................................
156
92
120
131
-16.0%
Days on Market (Pending Sale) ...........................
92
101
110
80
-13.0%
Month’s Supply of Inventory ................................
12
4.8
6
6.6
-45.4%
Percent Under Contract ........................................
13.5%
12.0%
30.0%
13.0%
-3.6%
Average Median Price for Last 12 Months ........
$1,067,000
$1,166,061
$1,093,789
$1,185,682
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.275
JUL
$1,040,000
AUG SEP
MEDIAN SALES PRICE
OCT
$334
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.040 M E 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 2015
telesproperties.com
Crystal Cove DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$4,850,000
$4,450,000
$3,930,000
$4,680,000
-3.5%
Average Price per Square Foot ...........................
$814
$1,172
$959
$1,192
46.4%
Properties Sold .......................................................
1
4
2
5
400.0%
Properties Pending Sale .......................................
2
0
3
1
-50.0%
Properties For Sale ................................................
24
15
26
19
-20.8%
Days on Market (Pending Sale) ...........................
40
0
175
24
-40.0%
Month’s Supply of Inventory ................................
24
3.8
13
3.8
-84.2%
Percent Under Contract ........................................
8.3%
0.0%
11.5%
5.3%
-36.8%
Average Median Price for Last 12 Months ........
$4,522,000
$5,813,111
$6,440,815
$5,556,995
22.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$4.850
JUL
$4,680,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,192
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.680 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 2015
telesproperties.com
Dana Point DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$802,500
$920,938
$1,092,450
$900,000
12.1%
Average Price per Square Foot ...........................
$564
$552
$559
$558
-1.1%
Properties Sold .......................................................
30
32
28
29
-3.3%
Properties Pending Sale .......................................
41
15
46
37
-9.8%
Properties For Sale ................................................
217
130
171
204
-6.0%
Days on Market (Pending Sale) ...........................
82
94
72
88
7.3%
Month’s Supply of Inventory ................................
7.2
4.1
6.1
7
-2.7%
Percent Under Contract ........................................
18.9%
11.5%
26.9%
18.1%
-4.0%
Average Median Price for Last 12 Months ........
$896,000
$1,033,242
$954,833
$963,791
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$802
JUL
$900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$558
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7 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 2015
telesproperties.com
East Bluff - Harbor View DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,612,500
$1,795,000
$1,640,000
$1,930,000
19.7%
Average Price per Square Foot ...........................
$677
$628
$672
$669
-1.2%
Properties Sold .......................................................
24
21
23
25
4.2%
Properties Pending Sale .......................................
32
12
23
20
-37.5%
Properties For Sale ................................................
134
80
102
103
-23.1%
Days on Market (Pending Sale) ...........................
69
97
66
61
-11.6%
Month’s Supply of Inventory ................................
5.6
3.8
4.4
4.1
-26.2%
Percent Under Contract ........................................
23.9%
15.0%
22.5%
19.4%
-18.7%
Average Median Price for Last 12 Months ........
$1,698,000
$1,784,156
$1,866,979
$1,740,226
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.612
JUL
$1,930,000
AUG SEP
MEDIAN SALES PRICE
OCT
$669
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
East Costa Mesa DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$850,000
$990,000
$887,000
$842,500
-0.9%
Average Price per Square Foot ...........................
$527
$521
$464
$542
2.8%
Properties Sold .......................................................
20
14
17
16
-20.0%
Properties Pending Sale .......................................
18
4
26
16
-11.1%
Properties For Sale ................................................
76
47
61
63
-17.1%
Days on Market (Pending Sale) ...........................
38
102
56
47
23.7%
Month’s Supply of Inventory ................................
3.8
3.4
3.6
3.9
3.6%
Percent Under Contract ........................................
23.7%
8.5%
42.6%
25.4%
7.2%
Average Median Price for Last 12 Months ........
$849,000
$941,122
$897,917
$909,172
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$850
JUL
$842,500
AUG SEP
MEDIAN SALES PRICE
OCT
$542
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$842 M E 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 2015
telesproperties.com
Fountain Valley DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$653,500
$681,000
$682,500
$699,500
7.0%
Average Price per Square Foot ...........................
$345
$355
$360
$363
5.2%
Properties Sold .......................................................
19
16
26
22
15.8%
Properties Pending Sale .......................................
34
15
31
34
0.0%
Properties For Sale ................................................
101
53
76
98
-3.0%
Days on Market (Pending Sale) ...........................
49
36
31
36
-26.5%
Month’s Supply of Inventory ................................
5.3
3.3
2.9
4.5
-16.2%
Percent Under Contract ........................................
33.7%
28.3%
40.8%
34.7%
3.1%
Average Median Price for Last 12 Months ........
$644,000
$704,417
$732,167
$690,846
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$653
JUL
$699,500
AUG SEP
MEDIAN SALES PRICE
OCT
$363
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$699 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Huntington Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$742,500
$810,000
$785,500
$800,000
7.7%
Average Price per Square Foot ...........................
$427
$455
$452
$455
6.6%
Properties Sold .......................................................
112
81
100
131
17.0%
Properties Pending Sale .......................................
97
81
129
138
42.3%
Properties For Sale ................................................
448
302
366
424
-5.4%
Days on Market (Pending Sale) ...........................
52
69
61
50
-3.8%
Month’s Supply of Inventory ................................
4
3.7
3.7
3.2
-19.1%
Percent Under Contract ........................................
21.7%
26.8%
35.2%
32.5%
50.3%
Average Median Price for Last 12 Months ........
$716,000
$779,333
$778,500
$765,615
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$742
JUL
$800,000
AUG SEP
MEDIAN SALES PRICE
OCT
$455
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Irvine DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$934,000
$910,000
$899,950
$955,000
2.2%
Average Price per Square Foot ...........................
$458
$474
$441
$479
4.6%
Properties Sold .......................................................
91
75
84
103
13.2%
Properties Pending Sale .......................................
46
64
127
125
171.7%
Properties For Sale ................................................
483
278
376
476
-1.4%
Days on Market (Pending Sale) ...........................
55
71
44
54
-1.8%
Month’s Supply of Inventory ................................
5.3
3.7
4.5
4.6
-12.9%
Percent Under Contract ........................................
9.5%
23.0%
33.8%
26.3%
175.7%
Average Median Price for Last 12 Months ........
$890,000
$937,691
$951,833
$930,047
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$934
JUL
$955,000
AUG SEP
MEDIAN SALES PRICE
OCT
$479
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Ladera Ranch DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$885,762
$720,500
$1,000,000
$895,000
1.0%
Average Price per Square Foot ...........................
$326
$328
$316
$336
3.1%
Properties Sold .......................................................
44
26
26
39
-11.4%
Properties Pending Sale .......................................
28
12
28
44
57.1%
Properties For Sale ................................................
158
93
114
165
4.4%
Days on Market (Pending Sale) ...........................
62
86
58
66
6.5%
Month’s Supply of Inventory ................................
3.6
3.6
4.4
4.2
17.8%
Percent Under Contract ........................................
17.7%
12.9%
24.6%
26.7%
50.5%
Average Median Price for Last 12 Months ........
$852,000
$873,667
$899,000
$865,109
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$885
JUL
$895,000
AUG SEP
MEDIAN SALES PRICE
OCT
$336
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Laguna Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,660,000
$1,875,000
$1,850,000
$1,865,000
12.3%
Average Price per Square Foot ...........................
$1,029
$944
$970
$1,113
8.2%
Properties Sold .......................................................
34
29
35
23
-32.4%
Properties Pending Sale .......................................
44
20
40
30
-31.8%
Properties For Sale ................................................
275
191
252
276
0.4%
Days on Market (Pending Sale) ...........................
93
79
82
75
-19.4%
Month’s Supply of Inventory ................................
8.1
6.6
7.2
12
48.4%
Percent Under Contract ........................................
16.0%
10.5%
15.9%
10.9%
-32.1%
Average Median Price for Last 12 Months ........
$1,758,000
$1,897,792
$1,941,583
$1,893,596
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.660
JUL
$1,865,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,113
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Laguna Niguel DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$784,000
$831,500
$810,000
$825,000
5.2%
Average Price per Square Foot ...........................
$390
$401
$394
$413
5.9%
Properties Sold .......................................................
59
50
51
73
23.7%
Properties Pending Sale .......................................
56
52
82
69
23.2%
Properties For Sale ................................................
348
241
285
322
-7.5%
Days on Market (Pending Sale) ...........................
53
97
54
53
0.0%
Month’s Supply of Inventory ................................
5.9
4.8
5.6
4.4
-25.2%
Percent Under Contract ........................................
16.1%
21.6%
28.8%
21.4%
33.2%
Average Median Price for Last 12 Months ........
$784,000
$834,583
$858,000
$821,923
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$784
JUL
$825,000
AUG SEP
MEDIAN SALES PRICE
OCT
$413
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2015
telesproperties.com
Laguna Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$757,500
$790,000
$774,000
$820,000
8.3%
Average Price per Square Foot ...........................
$375
$330
$427
$344
-8.3%
Properties Sold .......................................................
18
27
21
21
16.7%
Properties Pending Sale .......................................
31
14
24
26
-16.1%
Properties For Sale ................................................
111
69
88
139
25.2%
Days on Market (Pending Sale) ...........................
57
104
45
79
38.6%
Month’s Supply of Inventory ................................
6.2
2.6
4.2
6.6
7.3%
Percent Under Contract ........................................
27.9%
20.3%
27.3%
18.7%
-33.0%
Average Median Price for Last 12 Months ........
$709,000
$769,000
$833,333
$774,442
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$757
JUL
$820,000
AUG SEP
MEDIAN SALES PRICE
OCT
$344
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.6 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 2015
telesproperties.com
Laguna Woods DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$0
$0
$0
$885,000
0%
Average Price per Square Foot ...........................
$0
$0
$0
$492
0%
Properties Sold .......................................................
0
0
0
1
0%
Properties Pending Sale .......................................
0
0
1
1
0%
Properties For Sale ................................................
0
0
1
1
0%
Days on Market (Pending Sale) ...........................
0
0
77
45
0%
Month’s Supply of Inventory ................................
0
0
0
1
0%
Percent Under Contract ........................................
0%
0%
100.0%
100.0%
0%
Average Median Price for Last 12 Months ........
$621,000
$885,000
$885,000
$885,000
42.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$885,000
AUG SEP
MEDIAN SALES PRICE
OCT
$492
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$3,547,500
$1,725,000
$2,748,886
$3,462,500
-2.4%
Average Price per Square Foot ...........................
$1,245
$682
$1,037
$1,575
26.5%
Properties Sold .......................................................
6
1
8
10
66.7%
Properties Pending Sale .......................................
3
0
6
9
200.0%
Properties For Sale ................................................
48
29
37
37
-22.9%
Days on Market (Pending Sale) ...........................
86
0
80
86
0.0%
Month’s Supply of Inventory ................................
8
29
4.6
3.7
-53.8%
Percent Under Contract ........................................
6.2%
0.0%
16.2%
24.3%
289.2%
Average Median Price for Last 12 Months ........
$2,725,000
$3,180,231
$2,962,500
$3,139,722
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$3.547
JUL
$3,462,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,575
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.462 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Mission Viejo DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$660,000
$637,500
$653,000
$675,000
2.3%
Average Price per Square Foot ...........................
$319
$333
$327
$346
8.5%
Properties Sold .......................................................
93
72
87
123
32.3%
Properties Pending Sale .......................................
82
56
138
107
30.5%
Properties For Sale ................................................
312
218
299
319
2.2%
Days on Market (Pending Sale) ...........................
50
76
39
48
-4.0%
Month’s Supply of Inventory ................................
3.4
3
3.4
2.6
-22.7%
Percent Under Contract ........................................
26.3%
25.7%
46.2%
33.5%
27.6%
Average Median Price for Last 12 Months ........
$617,000
$658,750
$663,333
$645,377
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$660
JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$346
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Nelle Gail DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$770,000
$855,000
$774,000
$820,000
6.5%
Average Price per Square Foot ...........................
$377
$329
$427
$344
-8.8%
Properties Sold .......................................................
17
25
21
21
23.5%
Properties Pending Sale .......................................
25
12
18
25
0.0%
Properties For Sale ................................................
106
73
91
135
27.4%
Days on Market (Pending Sale) ...........................
79
123
60
82
3.8%
Month’s Supply of Inventory ................................
6.2
2.9
4.3
6.4
3.1%
Percent Under Contract ........................................
23.6%
16.4%
19.8%
18.5%
-21.5%
Average Median Price for Last 12 Months ........
$1,937,000
$786,892
$863,283
$790,738
-59.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$770
JUL
$820,000
AUG SEP
MEDIAN SALES PRICE
OCT
$344
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 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 2015
telesproperties.com
Newport Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,680,000
$1,795,000
$1,677,500
$1,825,000
8.6%
Average Price per Square Foot ...........................
$784
$729
$748
$873
11.4%
Properties Sold .......................................................
64
51
57
74
15.6%
Properties Pending Sale .......................................
71
31
57
67
-5.6%
Properties For Sale ................................................
387
263
325
347
-10.3%
Days on Market (Pending Sale) ...........................
69
81
77
68
-1.4%
Month’s Supply of Inventory ................................
6
5.2
5.7
4.7
-22.5%
Percent Under Contract ........................................
18.3%
11.8%
17.5%
19.3%
5.2%
Average Median Price for Last 12 Months ........
$1,745,000
$1,839,052
$1,952,500
$1,823,793
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.680
JUL
$1,825,000
AUG SEP
MEDIAN SALES PRICE
OCT
$873
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 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 2015
telesproperties.com
Newport Coast DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$4,280,000
$3,200,000
$2,782,500
$4,945,000
15.5%
Average Price per Square Foot ...........................
$744
$894
$781
$1,046
40.6%
Properties Sold .......................................................
7
9
12
11
57.1%
Properties Pending Sale .......................................
14
9
16
7
-50.0%
Properties For Sale ................................................
109
76
94
85
-22.0%
Days on Market (Pending Sale) ...........................
50
282
108
90
80.0%
Month’s Supply of Inventory ................................
15.6
8.4
7.8
7.7
-50.4%
Percent Under Contract ........................................
12.8%
11.8%
17.0%
8.2%
-35.9%
Average Median Price for Last 12 Months ........
$2,881,000
$3,363,333
$3,590,833
$3,400,333
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$4.280
JUL
$4,945,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,046
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.945 M E 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 2015
telesproperties.com
Newport Heights DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,925,000
$1,725,000
$1,525,000
$1,900,000
-1.3%
Average Price per Square Foot ...........................
$633
$572
$624
$630
-0.5%
Properties Sold .......................................................
9
5
8
8
-11.1%
Properties Pending Sale .......................................
6
4
7
7
16.7%
Properties For Sale ................................................
33
26
32
34
3.0%
Days on Market (Pending Sale) ...........................
43
68
113
64
48.8%
Month’s Supply of Inventory ................................
3.7
5.2
4
4.2
15.9%
Percent Under Contract ........................................
18.2%
15.4%
21.9%
20.6%
13.2%
Average Median Price for Last 12 Months ........
$1,569,000
$1,739,083
$2,177,500
$1,819,314
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.925
JUL
$1,900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$630
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.900 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 2015
telesproperties.com
Rancho Santa Margarita DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$665,000
$648,000
$643,250
$657,000
-1.2%
Average Price per Square Foot ...........................
$318
$310
$325
$319
0.3%
Properties Sold .......................................................
51
41
48
50
-2.0%
Properties Pending Sale .......................................
45
25
68
55
22.2%
Properties For Sale ................................................
180
138
146
187
3.9%
Days on Market (Pending Sale) ...........................
50
78
49
44
-12.0%
Month’s Supply of Inventory ................................
3.5
3.4
3
3.7
6.0%
Percent Under Contract ........................................
25.0%
18.1%
46.6%
29.4%
17.6%
Average Median Price for Last 12 Months ........
$635,000
$658,708
$666,500
$653,776
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$665
JUL
$657,000
AUG SEP
MEDIAN SALES PRICE
OCT
$319
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$657 M E 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 2015
telesproperties.com
San Clemente DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$853,750
$792,500
$865,000
$855,000
0.1%
Average Price per Square Foot ...........................
$390
$360
$405
$382
-2.1%
Properties Sold .......................................................
68
54
59
73
7.4%
Properties Pending Sale .......................................
70
42
80
56
-20.0%
Properties For Sale ................................................
311
232
288
311
0.0%
Days on Market (Pending Sale) ...........................
67
98
59
59
-11.9%
Month’s Supply of Inventory ................................
4.6
4.3
4.9
4.3
-6.8%
Percent Under Contract ........................................
22.5%
18.1%
27.8%
18.0%
-20.0%
Average Median Price for Last 12 Months ........
$815,000
$855,333
$870,000
$850,096
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$853
JUL
$855,000
AUG SEP
MEDIAN SALES PRICE
OCT
$382
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
San Juan Capistrano DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$700,000
$865,500
$850,000
$982,500
40.4%
Average Price per Square Foot ...........................
$338
$371
$356
$360
6.5%
Properties Sold .......................................................
31
26
23
22
-29.0%
Properties Pending Sale .......................................
35
14
33
33
-5.7%
Properties For Sale ................................................
153
121
142
165
7.8%
Days on Market (Pending Sale) ...........................
55
77
71
58
5.5%
Month’s Supply of Inventory ................................
4.9
4.7
6.2
7.5
52.0%
Percent Under Contract ........................................
22.9%
11.6%
23.2%
20.0%
-12.6%
Average Median Price for Last 12 Months ........
$856,000
$830,625
$952,083
$797,972
-6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$700
JUL
$982,500
AUG SEP
MEDIAN SALES PRICE
OCT
$360
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$982 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Shady Canyon DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$4,050,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$694
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
0
0
0
1
0%
Properties For Sale ................................................
3
2
1
1
-66.7%
Days on Market (Pending Sale) ...........................
0
0
0
331
0%
Month’s Supply of Inventory ................................
3
0
0
0
0%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
100.0%
0%
Average Median Price for Last 12 Months ........
$5,622,000
$5,800,000
$0
$4,500,000
-20.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$4.050
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 2015
telesproperties.com
Turtle Ridge DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,700,000
$2,237,500
$3,800,000
$2,354,000
38.5%
Average Price per Square Foot ...........................
$656
$706
$905
$611
-6.9%
Properties Sold .......................................................
5
4
1
2
-60.0%
Properties Pending Sale .......................................
1
3
5
2
100.0%
Properties For Sale ................................................
34
19
25
25
-26.5%
Days on Market (Pending Sale) ...........................
109
106
160
101
-7.3%
Month’s Supply of Inventory ................................
6.8
4.8
25
12.5
83.8%
Percent Under Contract ........................................
2.9%
15.8%
20.0%
8.0%
172.0%
Average Median Price for Last 12 Months ........
$2,239,000
$2,301,000
$2,007,167
$2,277,111
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.700
JUL
$2,354,000
AUG SEP
MEDIAN SALES PRICE
OCT
$611
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.354 M E 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 2015
telesproperties.com
Turtle Rock DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$0
$1,355,000
$1,205,500
$1,411,250
0%
Average Price per Square Foot ...........................
$0
$712
$588
$579
0%
Properties Sold .......................................................
0
1
4
9
0%
Properties Pending Sale .......................................
0
1
3
3
0%
Properties For Sale ................................................
3
7
9
5
66.7%
Days on Market (Pending Sale) ...........................
0
108
33
48
0%
Month’s Supply of Inventory ................................
0
7
2.2
0.6
0%
Percent Under Contract ........................................
0.0%
14.3%
33.3%
60.0%
0%
Average Median Price for Last 12 Months ........
$1,616,000
$1,307,100
$1,207,083
$1,257,563
-22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$1,411,250
AUG SEP
MEDIAN SALES PRICE
OCT
$579
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.411 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Westminster DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$529,944
$535,900
$554,900
$560,000
5.7%
Average Price per Square Foot ...........................
$314
$327
$346
$361
15.0%
Properties Sold .......................................................
34
33
29
47
38.2%
Properties Pending Sale .......................................
41
22
32
42
2.4%
Properties For Sale ................................................
129
81
101
113
-12.4%
Days on Market (Pending Sale) ...........................
62
51
34
30
-51.6%
Month’s Supply of Inventory ................................
3.8
2.5
3.5
2.4
-36.6%
Percent Under Contract ........................................
31.8%
27.2%
31.7%
37.2%
16.9%
Average Median Price for Last 12 Months ........
$499,000
$542,325
$544,350
$540,253
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$529
JUL
$560,000
AUG SEP
MEDIAN SALES PRICE
OCT
$361
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,700,000
$1,438,297
$1,633,750
$1,410,000
-17.1%
Average Price per Square Foot ...........................
$578
$559
$565
$601
4.0%
Properties Sold .......................................................
13
8
10
16
23.1%
Properties Pending Sale .......................................
14
5
10
14
0.0%
Properties For Sale ................................................
67
51
69
80
19.4%
Days on Market (Pending Sale) ...........................
51
88
62
89
74.5%
Month’s Supply of Inventory ................................
5.2
6.4
6.9
5
-3.0%
Percent Under Contract ........................................
20.9%
9.8%
14.5%
17.5%
-16.2%
Average Median Price for Last 12 Months ........
$1,459,000
$1,548,260
$1,492,000
$1,518,355
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.700
JUL
$1,410,000
AUG SEP
MEDIAN SALES PRICE
OCT
$601
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
West Newport - Lido DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,437,500
$2,225,000
$2,050,000
$2,047,500
42.4%
Average Price per Square Foot ...........................
$942
$1,281
$985
$955
1.4%
Properties Sold .......................................................
6
9
6
10
66.7%
Properties Pending Sale .......................................
10
4
7
8
-20.0%
Properties For Sale ................................................
58
41
48
54
-6.9%
Days on Market (Pending Sale) ...........................
98
48
80
42
-57.1%
Month’s Supply of Inventory ................................
9.7
4.6
8
5.4
-44.1%
Percent Under Contract ........................................
17.2%
9.8%
14.6%
14.8%
-14.1%
Average Median Price for Last 12 Months ........
$1,937,000
$2,197,083
$2,297,500
$2,101,542
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.437
JUL
$2,047,500
AUG SEP
MEDIAN SALES PRICE
OCT
$955
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.047 M E 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 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : June 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : June 2015
telesproperties.com
Carpinteria DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$3,875,000
$899,000
$795,000
$975,000
-74.8%
Average Price per Square Foot ...........................
$1,061
$500
$1,705
$637
-40.0%
Properties Sold .......................................................
7
5
9
9
28.6%
Properties Pending Sale .......................................
9
4
9
3
-66.7%
Properties For Sale ................................................
45
32
40
34
-24.4%
Days on Market (Pending Sale) ...........................
99
80
139
30
-69.7%
Month’s Supply of Inventory ................................
6.4
6.4
4.4
3.8
-41.2%
Percent Under Contract ........................................
20.0%
12.5%
22.5%
8.8%
-55.9%
Average Median Price for Last 12 Months ........
$1,098,000
$916,083
$921,333
$1,199,423
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.875
JUN JUL
$975,000
AUG SEP
MEDIAN SALES PRICE
OCT
$637
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Goleta DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$869,000
$747,450
$730,000
$720,000
-17.1%
Average Price per Square Foot ...........................
$473
$536
$465
$509
7.6%
Properties Sold .......................................................
5
7
12
9
80.0%
Properties Pending Sale .......................................
9
6
10
16
77.8%
Properties For Sale ................................................
28
22
30
32
14.3%
Days on Market (Pending Sale) ...........................
23
60
54
32
39.1%
Month’s Supply of Inventory ................................
5.6
3.1
2.5
3.6
-36.5%
Percent Under Contract ........................................
32.1%
27.3%
33.3%
50.0%
55.6%
Average Median Price for Last 12 Months ........
$761,000
$756,467
$805,833
$774,981
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $869
JUN JUL
$720,000
AUG SEP
MEDIAN SALES PRICE
OCT
$509
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$720 M E 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 2015
telesproperties.com
Hope Ranch DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$2,150,000
$3,275,000
$2,677,500
$4,550,000
111.6%
Average Price per Square Foot ...........................
$592
$731
$772
$899
51.9%
Properties Sold .......................................................
4
3
4
4
0.0%
Properties Pending Sale .......................................
5
4
4
1
-80.0%
Properties For Sale ................................................
36
25
26
25
-30.6%
Days on Market (Pending Sale) ...........................
135
167
33
47
-65.2%
Month’s Supply of Inventory ................................
9
8.3
6.5
6.2
-30.6%
Percent Under Contract ........................................
13.9%
16.0%
15.4%
4.0%
-71.2%
Average Median Price for Last 12 Months ........
$2,971,000
$3,394,583
$3,911,667
$2,923,423
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.150
JUL
$4,550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$899
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.550 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 2015
telesproperties.com
Montecito DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$3,620,000
$2,336,250
$2,400,000
$3,495,000
-3.5%
Average Price per Square Foot ...........................
$1,028
$687
$992
$1,048
1.9%
Properties Sold .......................................................
25
12
23
21
-16.0%
Properties Pending Sale .......................................
17
12
20
21
23.5%
Properties For Sale ................................................
177
130
154
174
-1.7%
Days on Market (Pending Sale) ...........................
79
128
28
94
19.0%
Month’s Supply of Inventory ................................
7.1
10.8
6.7
8.3
17.0%
Percent Under Contract ........................................
9.6%
9.2%
13.0%
12.1%
25.7%
Average Median Price for Last 12 Months ........
$2,411,000
$4,038,344
$3,490,000
$3,478,255
44.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$3.620
JUL
$3,495,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,048
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Santa Barbara East of State DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,196,000
$1,160,000
$1,384,000
$1,265,000
5.8%
Average Price per Square Foot ...........................
$682
$636
$721
$738
8.2%
Properties Sold .......................................................
26
25
38
30
15.4%
Properties Pending Sale .......................................
33
21
28
30
-9.1%
Properties For Sale ................................................
138
101
120
152
10.1%
Days on Market (Pending Sale) ...........................
48
62
41
44
-8.3%
Month’s Supply of Inventory ................................
5.3
4
3.2
5.1
-4.5%
Percent Under Contract ........................................
23.9%
20.8%
23.3%
19.7%
-17.5%
Average Median Price for Last 12 Months ........
$1,084,000
$1,310,083
$1,352,167
$1,235,404
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.196
JUL
$1,265,000
AUG SEP
MEDIAN SALES PRICE
OCT
$738
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.265 M E 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 2015
telesproperties.com
Santa Barbara West of State DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$850,000
$862,500
$957,500
$1,212,500
42.6%
Average Price per Square Foot ...........................
$598
$777
$706
$759
26.9%
Properties Sold .......................................................
20
20
16
28
40.0%
Properties Pending Sale .......................................
23
15
31
26
13.0%
Properties For Sale ................................................
69
67
76
70
1.4%
Days on Market (Pending Sale) ...........................
38
52
45
40
5.3%
Month’s Supply of Inventory ................................
3.4
3.4
4.8
2.5
-27.5%
Percent Under Contract ........................................
33.3%
22.4%
40.8%
37.1%
11.4%
Average Median Price for Last 12 Months ........
$894,000
$1,001,667
$1,035,000
$1,025,038
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$850
JUL
$1,212,500
AUG SEP
MEDIAN SALES PRICE
OCT
$759
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.212 M E 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 2015
telesproperties.com
Santa Ynez DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$835,000
$815,000
$1,157,500
$738,750
-11.5%
Average Price per Square Foot ...........................
$414
$338
$397
$367
-11.4%
Properties Sold .......................................................
13
8
18
10
-23.1%
Properties Pending Sale .......................................
12
6
11
9
-25.0%
Properties For Sale ................................................
121
105
100
114
-5.8%
Days on Market (Pending Sale) ...........................
206
195
84
88
-57.3%
Month’s Supply of Inventory ................................
9.3
13.1
5.6
11.4
22.5%
Percent Under Contract ........................................
9.9%
5.7%
11.0%
7.9%
-20.4%
Average Median Price for Last 12 Months ........
$699,000
$824,625
$875,917
$777,058
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$835
JUL
$738,750
AUG SEP
MEDIAN SALES PRICE
OCT
$367
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
11.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$738 M E 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 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : June 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : June 2015
telesproperties.com
Carmel DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,525,000
$1,200,000
$1,226,500
$869,000
-43.0%
Average Price per Square Foot ...........................
$733
$798
$801
$685
-6.5%
Properties Sold .......................................................
23
13
24
23
0.0%
Properties Pending Sale .......................................
21
12
28
23
9.5%
Properties For Sale ................................................
147
113
144
163
10.9%
Days on Market (Pending Sale) ...........................
81
70
137
85
4.9%
Month’s Supply of Inventory ................................
6.4
8.7
6
7.1
10.9%
Percent Under Contract ........................................
14.3%
10.6%
19.4%
14.1%
-1.2%
Average Median Price for Last 12 Months ........
$1,328,000
$1,286,917
$1,185,833
$1,382,896
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.525
JUN JUL
$869,000
AUG SEP
MEDIAN SALES PRICE
OCT
$685
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.1 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 2015
telesproperties.com
Carmel Valley DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$745,000
$944,500
$812,500
$968,250
30.0%
Average Price per Square Foot ...........................
$442
$386
$409
$450
1.8%
Properties Sold .......................................................
15
10
10
14
-6.7%
Properties Pending Sale .......................................
15
11
8
7
-53.3%
Properties For Sale ................................................
102
87
61
61
-40.2%
Days on Market (Pending Sale) ...........................
81
101
140
55
-32.1%
Month’s Supply of Inventory ................................
6.8
8.7
6.1
4.4
-35.9%
Percent Under Contract ........................................
14.7%
12.6%
13.1%
11.5%
-22.0%
Average Median Price for Last 12 Months ........
$994,000
$987,208
$1,032,750
$917,096
-7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$745
JUL
$968,250
AUG SEP
MEDIAN SALES PRICE
OCT
$450
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$968 M E 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 2015
telesproperties.com
Marina DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$414,999
$417,500
$438,000
$432,000
4.1%
Average Price per Square Foot ...........................
$279
$275
$288
$283
1.4%
Properties Sold .......................................................
13
8
9
9
-30.8%
Properties Pending Sale .......................................
9
10
11
7
-22.2%
Properties For Sale ................................................
36
30
20
21
-41.7%
Days on Market (Pending Sale) ...........................
35
140
26
14
-60.0%
Month’s Supply of Inventory ................................
2.8
3.8
2.2
2.3
-15.7%
Percent Under Contract ........................................
25.0%
33.3%
55.0%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$401,000
$433,733
$436,500
$429,735
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$414
JUL
$432,000
AUG SEP
MEDIAN SALES PRICE
OCT
$283
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$432 M E 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 2015
telesproperties.com
Monterey DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$679,500
$610,000
$650,000
$675,000
-0.7%
Average Price per Square Foot ...........................
$426
$347
$375
$427
0.2%
Properties Sold .......................................................
10
15
23
17
70.0%
Properties Pending Sale .......................................
16
10
29
32
100.0%
Properties For Sale ................................................
124
95
100
105
-15.3%
Days on Market (Pending Sale) ...........................
97
112
105
62
-36.1%
Month’s Supply of Inventory ................................
12.4
6.3
4.3
6.2
-50.2%
Percent Under Contract ........................................
12.9%
10.5%
29.0%
30.5%
136.2%
Average Median Price for Last 12 Months ........
$614,000
$675,958
$704,000
$682,042
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$679
JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$427
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Pacific Grove DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$730,000
$739,000
$815,000
$770,000
5.5%
Average Price per Square Foot ...........................
$765
$590
$590
$592
-22.6%
Properties Sold .......................................................
17
13
17
19
11.8%
Properties Pending Sale .......................................
13
13
17
17
30.8%
Properties For Sale ................................................
58
52
51
62
6.9%
Days on Market (Pending Sale) ...........................
84
49
85
29
-65.5%
Month’s Supply of Inventory ................................
3.4
4
3
3.3
-4.4%
Percent Under Contract ........................................
22.4%
25.0%
33.3%
27.4%
22.3%
Average Median Price for Last 12 Months ........
$705,000
$790,167
$780,833
$766,154
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$730
JUL
$770,000
AUG SEP
MEDIAN SALES PRICE
OCT
$592
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Pebble Beach DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,282,500
$975,000
$1,348,000
$1,085,000
-15.4%
Average Price per Square Foot ...........................
$438
$686
$525
$571
30.4%
Properties Sold .......................................................
6
7
9
9
50.0%
Properties Pending Sale .......................................
8
6
14
16
100.0%
Properties For Sale ................................................
83
73
88
81
-2.4%
Days on Market (Pending Sale) ...........................
183
140
143
68
-62.8%
Month’s Supply of Inventory ................................
13.8
10.4
9.8
9
-34.9%
Percent Under Contract ........................................
9.6%
8.2%
15.9%
19.8%
104.9%
Average Median Price for Last 12 Months ........
$1,508,000
$1,700,875
$1,677,000
$1,519,635
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.282
JUL
$1,085,000
AUG SEP
MEDIAN SALES PRICE
OCT
$571
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.085 M E 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 2015
telesproperties.com
Salinas DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$395,000
$395,000
$420,000
$420,000
6.3%
Average Price per Square Foot ...........................
$250
$245
$247
$264
5.6%
Properties Sold .......................................................
59
58
49
75
27.1%
Properties Pending Sale .......................................
60
39
67
77
28.3%
Properties For Sale ................................................
230
209
198
224
-2.6%
Days on Market (Pending Sale) ...........................
44
62
64
49
11.4%
Month’s Supply of Inventory ................................
3.9
3.6
4
3
-23.4%
Percent Under Contract ........................................
26.1%
18.7%
33.8%
34.4%
31.8%
Average Median Price for Last 12 Months ........
$346,000
$413,188
$415,558
$402,606
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$395
JUL
$420,000
AUG SEP
MEDIAN SALES PRICE
OCT
$264
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$420 M E 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 2015
telesproperties.com
Seaside DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$338,500
$390,000
$364,000
$414,000
22.3%
Average Price per Square Foot ...........................
$289
$306
$302
$353
22.1%
Properties Sold .......................................................
14
17
17
14
0.0%
Properties Pending Sale .......................................
11
17
19
20
81.8%
Properties For Sale ................................................
79
50
36
43
-45.6%
Days on Market (Pending Sale) ...........................
65
102
48
24
-63.1%
Month’s Supply of Inventory ................................
5.6
2.9
2.1
3.1
-45.6%
Percent Under Contract ........................................
13.9%
34.0%
52.8%
46.5%
234.0%
Average Median Price for Last 12 Months ........
$340,000
$365,917
$398,500
$364,791
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$338
JUL
$414,000
AUG SEP
MEDIAN SALES PRICE
OCT
$353
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$414 M E 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 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : June 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : June 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$490,000
$600,000
$675,500
$726,000
48.2%
Average Price per Square Foot ...........................
$488
$513
$470
$489
0.2%
Properties Sold .......................................................
10
7
11
4
-60.0%
Properties Pending Sale .......................................
5
6
12
10
100.0%
Properties For Sale ................................................
33
25
33
35
6.1%
Days on Market (Pending Sale) ...........................
50
82
35
38
-24.0%
Month’s Supply of Inventory ................................
3.3
3.6
3
8.7
165.2%
Percent Under Contract ........................................
15.2%
24.0%
36.4%
28.6%
88.6%
Average Median Price for Last 12 Months ........
$630,000
$686,700
$639,500
$640,400
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$490
JUL
$726,000
AUG SEP
MEDIAN SALES PRICE
OCT
$489
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$726 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2015
telesproperties.com
Beverly Hills DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$883,000
$1,005,000
$1,285,000
$970,000
9.9%
Average Price per Square Foot ...........................
$554
$572
$667
$657
18.6%
Properties Sold .......................................................
14
7
16
16
14.3%
Properties Pending Sale .......................................
10
6
10
9
-10.0%
Properties For Sale ................................................
58
50
50
53
-8.6%
Days on Market (Pending Sale) ...........................
83
59
67
51
-38.6%
Month’s Supply of Inventory ................................
4.1
7.1
3.1
3.3
-20.0%
Percent Under Contract ........................................
17.2%
12.0%
20.0%
17.0%
-1.5%
Average Median Price for Last 12 Months ........
$929,000
$1,088,565
$1,049,167
$1,076,184
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$883
JUL
$970,000
AUG SEP
MEDIAN SALES PRICE
OCT
$657
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$970 M E 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 2015
telesproperties.com
Brentwood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$672,000
$632,000
$819,000
$751,000
11.8%
Average Price per Square Foot ...........................
$492
$498
$568
$537
9.1%
Properties Sold .......................................................
17
14
15
28
64.7%
Properties Pending Sale .......................................
16
18
19
21
31.2%
Properties For Sale ................................................
86
69
70
81
-5.8%
Days on Market (Pending Sale) ...........................
32
61
58
49
53.1%
Month’s Supply of Inventory ................................
5.1
4.9
4.7
2.9
-42.8%
Percent Under Contract ........................................
18.6%
26.1%
27.1%
25.9%
39.4%
Average Median Price for Last 12 Months ........
$679,000
$731,817
$788,333
$744,454
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$672
JUL
$751,000
AUG SEP
MEDIAN SALES PRICE
OCT
$537
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 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 2015
telesproperties.com
Culver City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$417,750
$404,000
$440,000
$360,000
-13.8%
Average Price per Square Foot ...........................
$414
$401
$405
$432
4.3%
Properties Sold .......................................................
18
14
24
23
27.8%
Properties Pending Sale .......................................
21
20
19
18
-14.3%
Properties For Sale ................................................
55
50
42
37
-32.7%
Days on Market (Pending Sale) ...........................
31
50
23
22
-29.0%
Month’s Supply of Inventory ................................
3.1
3.6
1.8
1.6
-47.4%
Percent Under Contract ........................................
38.2%
40.0%
45.2%
48.6%
27.4%
Average Median Price for Last 12 Months ........
$370,000
$434,083
$454,167
$425,058
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$417
JUL
$360,000
AUG SEP
MEDIAN SALES PRICE
OCT
$432
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$360 M E 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 2015
telesproperties.com
Encino DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$262,000
$312,000
$334,000
$340,000
29.8%
Average Price per Square Foot ...........................
$239
$262
$267
$287
20.1%
Properties Sold .......................................................
18
24
20
25
38.9%
Properties Pending Sale .......................................
14
17
16
30
114.3%
Properties For Sale ................................................
46
38
43
44
-4.3%
Days on Market (Pending Sale) ...........................
57
88
58
64
12.3%
Month’s Supply of Inventory ................................
2.6
1.6
2.2
1.8
-31.1%
Percent Under Contract ........................................
30.4%
44.7%
37.2%
68.2%
124.0%
Average Median Price for Last 12 Months ........
$286,615
$328,500
$337,333
$307,462
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$262
JUL
$340,000
AUG SEP
MEDIAN SALES PRICE
OCT
$287
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$340 M E 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 2015
telesproperties.com
Malibu DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$785,000
$716,000
$560,000
$540,000
-31.2%
Average Price per Square Foot ...........................
$678
$458
$591
$562
-17.1%
Properties Sold .......................................................
2
1
3
6
200.0%
Properties Pending Sale .......................................
1
2
2
2
100.0%
Properties For Sale ................................................
16
23
24
24
50.0%
Days on Market (Pending Sale) ...........................
68
109
138
77
13.2%
Month’s Supply of Inventory ................................
8
23
8
4
-50.0%
Percent Under Contract ........................................
6.2%
8.7%
8.3%
8.3%
33.3%
Average Median Price for Last 12 Months ........
$817,000
$826,500
$586,667
$854,538
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$785
JUL
$540,000
AUG SEP
MEDIAN SALES PRICE
OCT
$562
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$540 M E 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 2015
telesproperties.com
Marina Del Rey DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$792,500
$780,000
$850,000
$785,000
-0.9%
Average Price per Square Foot ...........................
$577
$568
$566
$668
15.8%
Properties Sold .......................................................
30
28
27
21
-30.0%
Properties Pending Sale .......................................
30
12
25
22
-26.7%
Properties For Sale ................................................
133
87
107
99
-25.6%
Days on Market (Pending Sale) ...........................
44
43
63
53
20.5%
Month’s Supply of Inventory ................................
4.4
3.1
4
4.7
6.3%
Percent Under Contract ........................................
22.6%
13.8%
23.4%
22.2%
-1.5%
Average Median Price for Last 12 Months ........
$738,000
$869,083
$850,000
$816,250
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$792
JUL
$785,000
AUG SEP
MEDIAN SALES PRICE
OCT
$668
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 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 2015
telesproperties.com
Santa Monica DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,170,000
$1,150,000
$997,500
$870,000
-25.6%
Average Price per Square Foot ...........................
$971
$1,176
$998
$823
-15.2%
Properties Sold .......................................................
56
37
38
39
-30.4%
Properties Pending Sale .......................................
51
22
33
33
-35.3%
Properties For Sale ................................................
150
106
115
141
-6.0%
Days on Market (Pending Sale) ...........................
35
97
47
37
5.7%
Month’s Supply of Inventory ................................
2.7
2.9
3
3.6
35.0%
Percent Under Contract ........................................
34.0%
20.8%
28.7%
23.4%
-31.2%
Average Median Price for Last 12 Months ........
$705,000
$954,708
$1,083,000
$990,358
40.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.170
JUN JUL
$870,000
AUG SEP
MEDIAN SALES PRICE
OCT
$823
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$870 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$405,000
$389,000
$465,000
$428,000
5.7%
Average Price per Square Foot ...........................
$315
$317
$347
$327
3.8%
Properties Sold .......................................................
20
27
32
36
80.0%
Properties Pending Sale .......................................
16
22
28
31
93.8%
Properties For Sale ................................................
58
46
32
28
-51.7%
Days on Market (Pending Sale) ...........................
46
68
44
51
10.9%
Month’s Supply of Inventory ................................
2.9
1.7
1
0.8
-73.2%
Percent Under Contract ........................................
27.6%
47.8%
87.5%
110.7%
301.3%
Average Median Price for Last 12 Months ........
$376,231
$434,333
$427,333
$412,538
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$405
JUL
$428,000
AUG SEP
MEDIAN SALES PRICE
OCT
$327
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$428 M E 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 2015
telesproperties.com
Studio City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$445,000
$424,000
$490,000
$563,000
26.5%
Average Price per Square Foot ...........................
$353
$388
$374
$410
16.1%
Properties Sold .......................................................
6
10
13
14
133.3%
Properties Pending Sale .......................................
20
9
13
22
10.0%
Properties For Sale ................................................
35
42
24
33
-5.7%
Days on Market (Pending Sale) ...........................
61
60
79
49
-19.7%
Month’s Supply of Inventory ................................
5.8
4.2
1.8
2.4
-59.6%
Percent Under Contract ........................................
57.1%
21.4%
54.2%
66.7%
16.7%
Average Median Price for Last 12 Months ........
$455,923
$531,333
$544,333
$513,692
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$445
JUL
$563,000
AUG SEP
MEDIAN SALES PRICE
OCT
$410
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$563 M E 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 2015
telesproperties.com
Venice DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,136,500
$0
$843,500
$1,441,000
26.8%
Average Price per Square Foot ...........................
$783
$0
$801
$562
-28.2%
Properties Sold .......................................................
7
0
2
3
-57.1%
Properties Pending Sale .......................................
2
1
1
1
-50.0%
Properties For Sale ................................................
24
20
18
19
-20.8%
Days on Market (Pending Sale) ...........................
228
54
7
127
-44.3%
Month’s Supply of Inventory ................................
3.4
0
9
6.3
84.7%
Percent Under Contract ........................................
8.3%
5.0%
5.6%
5.3%
-36.8%
Average Median Price for Last 12 Months ........
$1,051,000
$1,183,750
$1,310,667
$1,134,625
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.136
JUL
$1,441,000
AUG SEP
MEDIAN SALES PRICE
OCT
$562
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.441 M E 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 2015
telesproperties.com
West Hollywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$630,000
$585,000
$596,000
$567,500
-9.9%
Average Price per Square Foot ...........................
$547
$553
$584
$558
2.0%
Properties Sold .......................................................
27
25
40
48
77.8%
Properties Pending Sale .......................................
36
23
43
33
-8.3%
Properties For Sale ................................................
134
122
142
126
-6.0%
Days on Market (Pending Sale) ...........................
42
68
55
54
28.6%
Month’s Supply of Inventory ................................
5
4.9
3.6
2.6
-47.1%
Percent Under Contract ........................................
26.9%
18.9%
30.3%
26.2%
-2.5%
Average Median Price for Last 12 Months ........
$556,000
$613,833
$600,667
$618,462
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$630
JUL
$567,500
AUG SEP
MEDIAN SALES PRICE
OCT
$558
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$567 M E 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 2015
telesproperties.com
West LA DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$694,500
$492,000
$608,000
$702,500
1.2%
Average Price per Square Foot ...........................
$452
$502
$466
$506
11.9%
Properties Sold .......................................................
14
13
14
26
85.7%
Properties Pending Sale .......................................
20
12
14
9
-55.0%
Properties For Sale ................................................
58
41
41
28
-51.7%
Days on Market (Pending Sale) ...........................
45
56
45
49
8.9%
Month’s Supply of Inventory ................................
4.1
3.2
2.9
1.1
-74.0%
Percent Under Contract ........................................
34.5%
29.3%
34.1%
32.1%
-6.8%
Average Median Price for Last 12 Months ........
$619,000
$653,000
$691,667
$637,154
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$694
JUL
$702,500
AUG SEP
MEDIAN SALES PRICE
OCT
$506
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$702 M E 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 2015
telesproperties.com
Westwood - Century City DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$729,000
$716,000
$736,000
$812,500
11.5%
Average Price per Square Foot ...........................
$596
$618
$626
$625
4.9%
Properties Sold .......................................................
41
40
44
70
70.7%
Properties Pending Sale .......................................
54
31
50
51
-5.6%
Properties For Sale ................................................
319
241
276
276
-13.5%
Days on Market (Pending Sale) ...........................
62
69
62
55
-11.3%
Month’s Supply of Inventory ................................
7.8
6
6.3
3.9
-49.3%
Percent Under Contract ........................................
16.9%
12.9%
18.1%
18.5%
9.2%
Average Median Price for Last 12 Months ........
$706,000
$771,917
$751,667
$764,452
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$729
JUL
$812,500
AUG SEP
MEDIAN SALES PRICE
OCT
$625
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$812 M E 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 2015
telesproperties.com
Beverlywood DATA*
Jun 2014
6 month
3 month
Jun 2015
% change
Median Price ..........................................................
$1,275,000
$1,378,601
$1,385,000
$
%
Average Price per Square Foot ...........................
$805
$628
$649
$0
-100.0%
Properties Sold .......................................................
9
7
3
0
-100.0%
Properties Pending Sale .......................................
6
3
6
0
-100.0%
Properties For Sale ................................................
24
18
22
0
-100.0%
Days on Market (Pending Sale) ...........................
58
64
37
0
-100.0%
Month’s Supply of Inventory ................................
2.7
2.6
7.3
0
0%
Percent Under Contract ........................................
25.0%
16.7%
27.3%
0%
0%
Average Median Price for Last 12 Months ........
$1,372,000
$1,424,688
$1,350,000
$1,362,532
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.275
JUL
$
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 2015
telesproperties.com
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