micro market report luxury real estate market research June 2017 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, RIVERSIDE, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : June 2017
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : June 2017
telesproperties.com
Los Angeles County DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$600,000
$575,000
$600,000
$633,000
5.5%
Average Price per Square Foot ...........................
$450
$442
$453
$483
7.3%
Properties Sold .......................................................
4800
4217
4196
5323
10.9%
Properties Pending Sale .......................................
5107
3281
5184
5202
1.9%
Properties For Sale ................................................
18,683
14,554
16,423
17,731
-5.1%
Days on Market (Pending Sale) ...........................
40
50
38
33
-17.5%
Month’s Supply of Inventory ................................
3.9
3.5
3.9
3.3
-14.4%
Percent Under Contract ........................................
27.3%
22.5%
31.6%
29.3%
7.3%
Average Median Price for Last 12 Months ........
$555,560
$603,583
$620,333
$595,192
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$600
JUL
$633,000
AUG SEP
MEDIAN SALES PRICE
OCT
$483
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$633 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Bel-Air Holmby Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$3,030,000
$1,437,500
$2,501,026
$2,499,800
-17.5%
Average Price per Square Foot ...........................
$1,134
$2,057
$935
$901
-20.5%
Properties Sold .......................................................
13
10
13
23
76.9%
Properties Pending Sale .......................................
12
11
15
18
50.0%
Properties For Sale ................................................
161
151
144
171
6.2%
Days on Market (Pending Sale) ...........................
49
60
38
52
6.1%
Month’s Supply of Inventory ................................
12.4
15.1
11.1
7.4
-40.0%
Percent Under Contract ........................................
7.5%
7.3%
10.4%
10.5%
41.2%
Average Median Price for Last 12 Months ........
$2,238,250
$2,403,471
$2,711,600
$2,227,948
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$3.030
JUL
$2,499,800
AUG SEP
MEDIAN SALES PRICE
OCT
$901
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.499 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,550,000
$1,597,500
$1,480,000
$1,690,850
9.1%
Average Price per Square Foot ...........................
$764
$820
$762
$759
-0.7%
Properties Sold .......................................................
18
16
20
22
22.2%
Properties Pending Sale .......................................
21
15
31
19
-9.5%
Properties For Sale ................................................
90
91
94
88
-2.2%
Days on Market (Pending Sale) ...........................
46
35
58
50
8.7%
Month’s Supply of Inventory ................................
5
5.7
4.7
4
-20.0%
Percent Under Contract ........................................
23.3%
16.5%
33.0%
21.6%
-7.5%
Average Median Price for Last 12 Months ........
$1,473,354
$1,725,777
$1,926,554
$1,665,512
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
$1.550
JUL
$1,690,850
AUG SEP
MEDIAN SALES PRICE
OCT
$759
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Beverly Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$6,537,500
$6,575,000
$4,650,000
$4,412,500
-32.5%
Average Price per Square Foot ...........................
$1,376
$1,728
$1,368
$1,418
3.1%
Properties Sold .......................................................
14
15
14
9
-35.7%
Properties Pending Sale .......................................
22
12
16
8
-63.6%
Properties For Sale ................................................
135
114
101
113
-16.3%
Days on Market (Pending Sale) ...........................
54
125
45
30
-44.4%
Month’s Supply of Inventory ................................
9.6
7.6
7.2
12.6
30.2%
Percent Under Contract ........................................
16.3%
10.5%
15.8%
7.1%
-56.6%
Average Median Price for Last 12 Months ........
$4,888,698
$5,459,583
$5,527,500
$5,262,935
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 $6.537
JUN JUL
$4,412,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,418
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.412 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Beverly Hills- Post Office DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,307,500
$2,028,000
$2,326,000
$3,853,250
67.0%
Average Price per Square Foot ...........................
$749
$1,227
$875
$1,166
55.7%
Properties Sold .......................................................
14
5
5
18
28.6%
Properties Pending Sale .......................................
14
8
12
17
21.4%
Properties For Sale ................................................
186
160
172
177
-4.8%
Days on Market (Pending Sale) ...........................
63
105
58
47
-25.4%
Month’s Supply of Inventory ................................
13.3
32
34.4
9.8
-26.0%
Percent Under Contract ........................................
7.5%
5.0%
7.0%
9.6%
27.6%
Average Median Price for Last 12 Months ........
$2,650,667
$3,739,473
$4,930,083
$3,263,703
18.8%
*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
$2.307
JUL
$3,853,250
AUG SEP
MEDIAN SALES PRICE
OCT
$1,166
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.853 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Beverlywood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,155,026
$1,367,000
$1,119,000
$1,305,000
13.0%
Average Price per Square Foot ...........................
$637
$656
$721
$732
14.9%
Properties Sold .......................................................
23
16
17
23
0.0%
Properties Pending Sale .......................................
24
7
22
9
-62.5%
Properties For Sale ................................................
85
43
52
39
-54.1%
Days on Market (Pending Sale) ...........................
47
37
20
37
-21.3%
Month’s Supply of Inventory ................................
3.7
2.7
3.1
1.7
-54.1%
Percent Under Contract ........................................
28.2%
16.3%
42.3%
23.1%
-18.3%
Average Median Price for Last 12 Months ........
$1,150,176
$1,285,722
$1,444,259
$1,274,624
9.8%
*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
$1.155
JUL
$1,305,000
AUG SEP
MEDIAN SALES PRICE
OCT
$732
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.305 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Brentwood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,895,000
$2,510,000
$2,725,000
$3,180,000
9.8%
Average Price per Square Foot ...........................
$937
$1,054
$1,082
$1,030
9.9%
Properties Sold .......................................................
23
20
15
37
60.9%
Properties Pending Sale .......................................
27
15
20
24
-11.1%
Properties For Sale ................................................
166
105
138
145
-12.7%
Days on Market (Pending Sale) ...........................
68
74
46
41
-39.7%
Month’s Supply of Inventory ................................
7.2
5.2
9.2
3.9
-45.7%
Percent Under Contract ........................................
16.3%
14.3%
14.5%
16.6%
1.8%
Average Median Price for Last 12 Months ........
$2,935,115
$3,569,695
$3,169,390
$3,197,090
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
$2.895
JUL
$3,180,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,030
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.180 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,475,000
$1,905,000
$2,660,000
$2,220,000
50.5%
Average Price per Square Foot ...........................
$792
$705
$814
$783
-1.1%
Properties Sold .......................................................
7
8
13
10
42.9%
Properties Pending Sale .......................................
11
4
12
10
-9.1%
Properties For Sale ................................................
34
26
34
29
-14.7%
Days on Market (Pending Sale) ...........................
60
74
29
21
-65.0%
Month’s Supply of Inventory ................................
4.9
3.2
2.6
2.9
-40.3%
Percent Under Contract ........................................
32.4%
15.4%
35.3%
34.5%
6.6%
Average Median Price for Last 12 Months ........
$1,826,809
$2,212,833
$2,304,000
$2,052,192
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.475
JUL
$2,220,000
AUG SEP
MEDIAN SALES PRICE
OCT
$783
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.220 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Culver City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,220,000
$1,216,750
$1,236,000
$1,000,000
-18.0%
Average Price per Square Foot ...........................
$728
$761
$753
$889
22.1%
Properties Sold .......................................................
27
18
17
19
-29.6%
Properties Pending Sale .......................................
33
14
18
23
-30.3%
Properties For Sale ................................................
73
42
52
63
-13.7%
Days on Market (Pending Sale) ...........................
31
37
29
26
-16.1%
Month’s Supply of Inventory ................................
2.7
2.3
3.1
3.3
22.6%
Percent Under Contract ........................................
45.2%
33.3%
34.6%
36.5%
-19.2%
Average Median Price for Last 12 Months ........
$1,067,667
$1,158,917
$1,159,167
$1,151,654
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
$1.220
JUL
$1,000,000
AUG SEP
MEDIAN SALES PRICE
OCT
$889
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Downtown DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$430,000
$410,000
$365,000
$359,500
-16.4%
Average Price per Square Foot ...........................
$294
$321
$273
$272
-7.5%
Properties Sold .......................................................
10
6
15
6
-40.0%
Properties Pending Sale .......................................
5
9
17
10
100.0%
Properties For Sale ................................................
47
49
57
50
6.4%
Days on Market (Pending Sale) ...........................
42
59
32
34
-19.0%
Month’s Supply of Inventory ................................
4.7
8.2
3.8
8.3
77.3%
Percent Under Contract ........................................
10.6%
18.4%
29.8%
20.0%
88.0%
Average Median Price for Last 12 Months ........
$317,404
$382,700
$408,250
$361,507
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 $430
JUN JUL
$359,500
AUG SEP
MEDIAN SALES PRICE
OCT
$272
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$359 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Hancock Park - Wilshire DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,545,000
$1,516,388
$2,005,000
$1,550,000
0.3%
Average Price per Square Foot ...........................
$724
$664
$653
$697
-3.7%
Properties Sold .......................................................
24
20
18
23
-4.2%
Properties Pending Sale .......................................
31
14
32
19
-38.7%
Properties For Sale ................................................
124
97
103
97
-21.8%
Days on Market (Pending Sale) ...........................
45
80
30
52
15.6%
Month’s Supply of Inventory ................................
5.2
4.8
5.7
4.2
-18.4%
Percent Under Contract ........................................
25.0%
14.4%
31.1%
19.6%
-21.6%
Average Median Price for Last 12 Months ........
$1,494,953
$1,761,792
$1,521,917
$1,653,789
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
$1.545
JUL
$1,550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$697
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.550 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 2017
telesproperties.com
Hollywood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$899,000
$604,000
$850,000
$815,000
-9.3%
Average Price per Square Foot ...........................
$546
$391
$459
$752
37.7%
Properties Sold .......................................................
7
1
7
7
0.0%
Properties Pending Sale .......................................
3
11
13
10
233.3%
Properties For Sale ................................................
33
37
44
51
54.5%
Days on Market (Pending Sale) ...........................
35
54
34
37
5.7%
Month’s Supply of Inventory ................................
4.7
37
6.3
7.3
54.5%
Percent Under Contract ........................................
9.1%
29.7%
29.5%
19.6%
115.7%
Average Median Price for Last 12 Months ........
$972,613
$947,842
$958,333
$901,311
-7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$899
JUL
$815,000
AUG SEP
MEDIAN SALES PRICE
OCT
$752
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Hollywood Hills East DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,213,420
$1,212,000
$1,606,250
$1,267,700
4.5%
Average Price per Square Foot ...........................
$641
$579
$598
$691
7.8%
Properties Sold .......................................................
16
10
11
17
6.2%
Properties Pending Sale .......................................
9
8
17
17
88.9%
Properties For Sale ................................................
55
77
93
85
54.5%
Days on Market (Pending Sale) ...........................
40
40
57
35
-12.5%
Month’s Supply of Inventory ................................
6.1
9.6
5.5
5
-18.2%
Percent Under Contract ........................................
16.4%
10.4%
18.3%
20.0%
22.2%
Average Median Price for Last 12 Months ........
$1,237,927
$1,426,908
$1,416,233
$1,476,163
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
$1.213
JUL
$1,267,700
AUG SEP
MEDIAN SALES PRICE
OCT
$691
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.267 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Inglewood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$480,000
$450,000
$522,500
$573,500
19.5%
Average Price per Square Foot ...........................
$320
$332
$369
$399
24.7%
Properties Sold .......................................................
25
19
26
24
-4.0%
Properties Pending Sale .......................................
20
18
30
17
-15.0%
Properties For Sale ................................................
80
58
81
58
-27.5%
Days on Market (Pending Sale) ...........................
31
22
23
29
-6.5%
Month’s Supply of Inventory ................................
4
3.2
2.7
2.4
-39.6%
Percent Under Contract ........................................
25.0%
31.0%
37.0%
29.3%
17.2%
Average Median Price for Last 12 Months ........
$427,029
$508,646
$527,292
$487,829
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
$480
JUL
$573,500
AUG SEP
MEDIAN SALES PRICE
OCT
$399
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$573 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Ladera Heights DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$899,000
$980,000
$1,051,250
$1,200,000
33.5%
Average Price per Square Foot ...........................
$387
$433
$457
$414
7.0%
Properties Sold .......................................................
5
2
6
5
0.0%
Properties Pending Sale .......................................
5
3
10
9
80.0%
Properties For Sale ................................................
19
17
26
29
52.6%
Days on Market (Pending Sale) ...........................
111
54
37
53
-52.3%
Month’s Supply of Inventory ................................
3.8
5.7
2.6
5.8
52.6%
Percent Under Contract ........................................
26.3%
17.6%
38.5%
31.0%
17.9%
Average Median Price for Last 12 Months ........
$951,974
$1,058,708
$1,102,833
$1,049,135
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 JUN
$899
JUL
$1,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$414
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.8 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 2017
telesproperties.com
Laurel Canyon DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,548,500
$1,495,000
$1,608,000
$1,900,000
22.7%
Average Price per Square Foot ...........................
$840
$782
$725
$907
8.0%
Properties Sold .......................................................
21
26
23
30
42.9%
Properties Pending Sale .......................................
28
20
32
30
7.1%
Properties For Sale ................................................
171
156
158
165
-3.5%
Days on Market (Pending Sale) ...........................
58
63
43
47
-19.0%
Month’s Supply of Inventory ................................
6.1
7.8
4.9
5.5
-9.9%
Percent Under Contract ........................................
16.4%
12.8%
20.3%
18.2%
11.0%
Average Median Price for Last 12 Months ........
$1,475,296
$1,692,842
$1,839,583
$1,677,910
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
$1.548
JUL
$1,900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$907
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.5 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 2017
telesproperties.com
Los Feliz DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,378,000
$1,790,625
$1,175,000
$1,775,000
28.8%
Average Price per Square Foot ...........................
$728
$644
$700
$881
21.0%
Properties Sold .......................................................
24
18
14
31
29.2%
Properties Pending Sale .......................................
22
16
21
26
18.2%
Properties For Sale ................................................
87
88
101
100
14.9%
Days on Market (Pending Sale) ...........................
31
68
52
52
67.7%
Month’s Supply of Inventory ................................
4
5.5
4.8
3.2
-18.4%
Percent Under Contract ........................................
25.3%
18.2%
20.8%
26.0%
2.8%
Average Median Price for Last 12 Months ........
$1,542,013
$1,551,250
$1,628,333
$1,586,378
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.378
JUL
$1,775,000
AUG SEP
MEDIAN SALES PRICE
OCT
$881
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Malibu DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,900,000
$4,100,000
$2,842,000
$2,637,100
-9.1%
Average Price per Square Foot ...........................
$960
$1,082
$997
$1,076
12.1%
Properties Sold .......................................................
13
11
14
22
69.2%
Properties Pending Sale .......................................
11
12
20
22
100.0%
Properties For Sale ................................................
221
205
222
234
5.9%
Days on Market (Pending Sale) ...........................
69
84
137
125
81.2%
Month’s Supply of Inventory ................................
17
18.6
15.9
10.6
-37.4%
Percent Under Contract ........................................
5.0%
5.9%
9.0%
9.4%
88.9%
Average Median Price for Last 12 Months ........
$2,388,469
$2,845,267
$3,080,700
$2,728,931
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
$2.900
JUL
$2,637,100
AUG SEP
MEDIAN SALES PRICE
OCT
$1,076
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
10.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.637 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Malibu Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$5,600,000
$3,642,248
$6,965,000
$7,300,000
30.4%
Average Price per Square Foot ...........................
$3,242
$1,456
$2,127
$2,765
-14.7%
Properties Sold .......................................................
5
1
5
5
0.0%
Properties Pending Sale .......................................
6
3
2
1
-83.3%
Properties For Sale ................................................
98
69
77
91
-7.1%
Days on Market (Pending Sale) ...........................
74
175
50
147
98.6%
Month’s Supply of Inventory ................................
19.6
69
15.4
18.2
-7.1%
Percent Under Contract ........................................
6.1%
4.3%
2.6%
1.1%
-82.1%
Average Median Price for Last 12 Months ........
$7,449,167
$9,798,417
$7,971,167
$7,270,711
-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
$5.600
JUL
$7,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$2,765
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
18.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$7.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Marina Del Rey DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,302,500
$1,039,500
$1,512,000
$1,150,000
-11.7%
Average Price per Square Foot ...........................
$756
$709
$785
$777
2.8%
Properties Sold .......................................................
8
6
8
7
-12.5%
Properties Pending Sale .......................................
3
4
8
6
100.0%
Properties For Sale ................................................
34
28
26
37
8.8%
Days on Market (Pending Sale) ...........................
66
110
48
57
-13.6%
Month’s Supply of Inventory ................................
4.2
4.7
3.2
5.3
24.4%
Percent Under Contract ........................................
8.8%
14.3%
30.8%
16.2%
83.8%
Average Median Price for Last 12 Months ........
$1,399,854
$1,418,083
$1,375,667
$1,524,271
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
$1.302
JUL
$1,150,000
AUG SEP
MEDIAN SALES PRICE
OCT
$777
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Mid Los Angeles DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$550,688
$560,000
$680,500
$685,000
24.4%
Average Price per Square Foot ...........................
$360
$435
$439
$450
25.0%
Properties Sold .......................................................
44
31
34
41
-6.8%
Properties Pending Sale .......................................
46
31
44
56
21.7%
Properties For Sale ................................................
140
118
132
138
-1.4%
Days on Market (Pending Sale) ...........................
38
44
27
38
0.0%
Month’s Supply of Inventory ................................
3.2
3.8
3.9
3.4
5.8%
Percent Under Contract ........................................
32.9%
26.3%
33.3%
40.6%
23.5%
Average Median Price for Last 12 Months ........
$559,854
$680,708
$679,583
$640,883
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
$550
JUL
$685,000
AUG SEP
MEDIAN SALES PRICE
OCT
$450
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$685 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Mid Wilshire DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$755,000
$778,500
$843,750
$879,000
16.4%
Average Price per Square Foot ...........................
$383
$500
$498
$520
35.8%
Properties Sold .......................................................
2
4
6
10
400.0%
Properties Pending Sale .......................................
5
5
10
4
-20.0%
Properties For Sale ................................................
17
23
33
25
47.1%
Days on Market (Pending Sale) ...........................
40
39
43
61
52.5%
Month’s Supply of Inventory ................................
8.5
5.8
5.5
2.5
-70.6%
Percent Under Contract ........................................
29.4%
21.7%
30.3%
16.0%
-45.6%
Average Median Price for Last 12 Months ........
$692,150
$867,333
$877,583
$861,135
19.6%
*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
$755
JUL
$879,000
AUG SEP
MEDIAN SALES PRICE
OCT
$520
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$879 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Pacific Palisades DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,715,000
$3,268,000
$2,487,500
$2,865,000
5.5%
Average Price per Square Foot ...........................
$986
$1,077
$936
$1,108
12.4%
Properties Sold .......................................................
31
19
20
25
-19.4%
Properties Pending Sale .......................................
27
21
25
23
-14.8%
Properties For Sale ................................................
157
124
122
128
-18.5%
Days on Market (Pending Sale) ...........................
45
70
50
44
-2.2%
Month’s Supply of Inventory ................................
5.1
6.5
6.1
5.1
1.1%
Percent Under Contract ........................................
17.2%
16.9%
20.5%
18.0%
4.5%
Average Median Price for Last 12 Months ........
$2,749,115
$3,100,713
$3,076,427
$3,035,574
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.715
JUL
$2,865,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,108
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.865 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 2017
telesproperties.com
Palms - Mar Vista DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,175,000
$1,500,000
$1,315,000
$1,560,000
32.8%
Average Price per Square Foot ...........................
$783
$712
$831
$773
-1.3%
Properties Sold .......................................................
35
27
24
41
17.1%
Properties Pending Sale .......................................
25
19
31
38
52.0%
Properties For Sale ................................................
86
53
83
90
4.7%
Days on Market (Pending Sale) ...........................
32
41
32
19
-40.6%
Month’s Supply of Inventory ................................
2.5
2
3.5
2.2
-10.7%
Percent Under Contract ........................................
29.1%
35.8%
37.3%
42.2%
45.2%
Average Median Price for Last 12 Months ........
$1,255,752
$1,457,920
$1,457,673
$1,432,348
12.3%
*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
$1.175
JUL
$1,560,000
AUG SEP
MEDIAN SALES PRICE
OCT
$773
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.560 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 2017
telesproperties.com
Playa Del Rey DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,165,000
$1,350,000
$1,750,000
$1,595,000
36.9%
Average Price per Square Foot ...........................
$628
$531
$580
$690
9.9%
Properties Sold .......................................................
5
3
7
6
20.0%
Properties Pending Sale .......................................
4
1
10
5
25.0%
Properties For Sale ................................................
16
12
20
16
0.0%
Days on Market (Pending Sale) ...........................
38
202
64
39
2.6%
Month’s Supply of Inventory ................................
3.2
4
2.9
2.7
-16.7%
Percent Under Contract ........................................
25.0%
8.3%
50.0%
31.2%
25.0%
Average Median Price for Last 12 Months ........
$1,518,231
$1,676,900
$1,703,333
$1,527,854
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.165
JUL
$1,595,000
AUG SEP
MEDIAN SALES PRICE
OCT
$690
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Playa Vista DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,749,000
$2,385,000
$1,670,000
$1,990,000
13.8%
Average Price per Square Foot ...........................
$652
$738
$0
$709
8.7%
Properties Sold .......................................................
1
1
1
5
400.0%
Properties Pending Sale .......................................
0
2
1
3
n/a
Properties For Sale ................................................
9
10
18
14
55.6%
Days on Market (Pending Sale) ...........................
13
46
46
22
69.2%
Month’s Supply of Inventory ................................
9
10
18
0.2
-97.6%
Percent Under Contract ........................................
0.0%
20.0%
5.6%
21.4%
n/a
Average Median Price for Last 12 Months ........
$1,194,333
$2,022,500
$2,052,667
$2,008,188
68.1%
*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
$1.749
JUL
$1,990,000
AUG SEP
MEDIAN SALES PRICE
OCT
$709
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santa Monica DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,795,000
$1,747,000
$1,805,000
$2,510,000
39.8%
Average Price per Square Foot ...........................
$1,044
$1,250
$1,325
$1,170
12.1%
Properties Sold .......................................................
25
21
32
29
16.0%
Properties Pending Sale .......................................
23
16
25
26
13.0%
Properties For Sale ................................................
96
59
87
98
2.1%
Days on Market (Pending Sale) ...........................
45
69
23
25
-44.4%
Month’s Supply of Inventory ................................
3.8
2.8
2.7
3.4
-12.0%
Percent Under Contract ........................................
24.0%
27.1%
28.7%
26.5%
10.7%
Average Median Price for Last 12 Months ........
$2,456,925
$2,387,250
$2,363,500
$2,335,573
-5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.795
JUL
$2,510,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,170
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,813,500
$1,659,850
$1,763,888
$2,012,500
11.0%
Average Price per Square Foot ...........................
$976
$773
$881
$873
-10.6%
Properties Sold .......................................................
34
37
38
50
47.1%
Properties Pending Sale .......................................
35
35
52
47
34.3%
Properties For Sale ................................................
343
300
317
358
4.4%
Days on Market (Pending Sale) ...........................
78
63
46
59
-24.4%
Month’s Supply of Inventory ................................
10.1
8.1
8.3
7.2
-29.0%
Percent Under Contract ........................................
10.2%
11.7%
16.4%
13.1%
28.7%
Average Median Price for Last 12 Months ........
$1,710,583
$1,871,898
$1,962,500
$1,805,672
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.813
JUL
$2,012,500
AUG SEP
MEDIAN SALES PRICE
OCT
$873
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.012 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Venice DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,812,500
$1,800,000
$1,877,500
$2,090,000
15.3%
Average Price per Square Foot ...........................
$1,204
$1,219
$1,031
$1,167
-3.1%
Properties Sold .......................................................
22
17
22
21
-4.5%
Properties Pending Sale .......................................
19
12
16
23
21.1%
Properties For Sale ................................................
103
88
84
97
-5.8%
Days on Market (Pending Sale) ...........................
56
50
65
34
-39.3%
Month’s Supply of Inventory ................................
4.7
5.2
3.8
4.6
-1.3%
Percent Under Contract ........................................
18.4%
13.6%
19.0%
23.7%
28.5%
Average Median Price for Last 12 Months ........
$1,799,501
$1,922,471
$2,157,500
$1,889,742
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.812
JUL
$2,090,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,167
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West Hollywood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,460,000
$1,750,000
$1,324,500
$1,799,858
23.3%
Average Price per Square Foot ...........................
$914
$806
$702
$949
3.8%
Properties Sold .......................................................
11
9
10
12
9.1%
Properties Pending Sale .......................................
18
7
19
15
-16.7%
Properties For Sale ................................................
68
56
58
59
-13.2%
Days on Market (Pending Sale) ...........................
48
69
63
28
-41.7%
Month’s Supply of Inventory ................................
6.2
6.2
5.8
4.9
-20.5%
Percent Under Contract ........................................
26.5%
12.5%
32.8%
25.4%
-4.0%
Average Median Price for Last 12 Months ........
$1,477,169
$1,634,185
$1,621,869
$1,608,087
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
$1.460
JUL
$1,799,858
AUG SEP
MEDIAN SALES PRICE
OCT
$949
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.799 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West Los Angeles DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,221,500
$1,015,000
$1,125,000
$1,110,000
-9.1%
Average Price per Square Foot ...........................
$673
$645
$723
$865
28.5%
Properties Sold .......................................................
16
12
8
11
-31.2%
Properties Pending Sale .......................................
6
11
14
17
183.3%
Properties For Sale ................................................
38
39
41
47
23.7%
Days on Market (Pending Sale) ...........................
79
23
35
31
-60.8%
Month’s Supply of Inventory ................................
2.4
3.2
5.1
4.3
79.9%
Percent Under Contract ........................................
15.8%
28.2%
34.1%
36.2%
129.1%
Average Median Price for Last 12 Months ........
$1,071,104
$1,085,000
$1,158,333
$1,051,635
-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 JUN
$1.221
JUL
$1,110,000
AUG SEP
MEDIAN SALES PRICE
OCT
$865
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.110 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Westchester DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,043,700
$975,000
$1,075,000
$1,099,000
5.3%
Average Price per Square Foot ...........................
$635
$605
$640
$673
6.0%
Properties Sold .......................................................
33
33
21
37
12.1%
Properties Pending Sale .......................................
31
20
26
38
22.6%
Properties For Sale ................................................
78
62
83
109
39.7%
Days on Market (Pending Sale) ...........................
34
66
24
21
-38.2%
Month’s Supply of Inventory ................................
2.4
1.9
4
2.9
24.6%
Percent Under Contract ........................................
39.7%
32.3%
31.3%
34.9%
-12.3%
Average Median Price for Last 12 Months ........
$978,365
$1,090,417
$1,145,500
$1,090,188
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
$1.043
JUL
$1,099,000
AUG SEP
MEDIAN SALES PRICE
OCT
$673
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.099 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Westwood - Century City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,814,000
$1,840,000
$1,935,000
$1,800,000
-36.0%
Average Price per Square Foot ...........................
$939
$788
$863
$820
-12.7%
Properties Sold .......................................................
17
14
15
23
35.3%
Properties Pending Sale .......................................
16
7
17
16
0.0%
Properties For Sale ................................................
71
49
64
58
-18.3%
Days on Market (Pending Sale) ...........................
44
50
34
38
-13.6%
Month’s Supply of Inventory ................................
4.2
3.5
4.3
2.5
-39.6%
Percent Under Contract ........................................
22.5%
14.3%
26.6%
27.6%
22.4%
Average Median Price for Last 12 Months ........
$1,853,218
$2,022,951
$2,262,569
$1,971,554
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.814
JUN JUL
$1,800,000
AUG SEP
MEDIAN SALES PRICE
OCT
$820
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
South Bay Macro Market DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,442,667
$1,401,299
$1,239,927
$1,379,600
-4.4%
Average Price per Square Foot ...........................
$620
$621
$674
$638
2.8%
Properties Sold .......................................................
280
219
208
338
20.7%
Properties Pending Sale .......................................
303
138
272
300
-1.0%
Properties For Sale ................................................
1,118
648
891
1,025
-8.3%
Days on Market (Pending Sale) ...........................
48
40
36
34
-28.6%
Month’s Supply of Inventory ................................
4
3
4.3
3
-24.1%
Percent Under Contract ........................................
27.1%
21.3%
30.5%
29.3%
8.0%
Average Median Price for Last 12 Months ........
$1,243,964
$1,321,134
$1,317,867
$1,320,174
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
$1.442
JUL
$1,379,600
AUG SEP
MEDIAN SALES PRICE
OCT
$638
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.379 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
El Segundo DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,325,000
$1,410,000
$1,275,000
$1,099,000
-17.1%
Average Price per Square Foot ...........................
$642
$739
$712
$780
21.5%
Properties Sold .......................................................
14
7
3
7
-50.0%
Properties Pending Sale .......................................
7
3
17
14
100.0%
Properties For Sale ................................................
29
11
64
23
-20.7%
Days on Market (Pending Sale) ...........................
41
17
34
21
-48.8%
Month’s Supply of Inventory ................................
2.1
1.6
21.3
3.3
58.6%
Percent Under Contract ........................................
24.1%
27.3%
26.6%
60.9%
152.2%
Average Median Price for Last 12 Months ........
$1,185,708
$1,265,854
$1,182,167
$1,284,044
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
$1.325
JUL
$1,099,000
AUG SEP
MEDIAN SALES PRICE
OCT
$780
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.099 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Hermosa Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,388,750
$1,962,500
$2,066,150
$2,025,000
45.8%
Average Price per Square Foot ...........................
$927
$1,098
$1,178
$940
1.4%
Properties Sold .......................................................
14
6
10
13
-7.1%
Properties Pending Sale .......................................
16
0
10
12
-25.0%
Properties For Sale ................................................
69
34
41
53
-23.2%
Days on Market (Pending Sale) ...........................
32
0
55
40
25.0%
Month’s Supply of Inventory ................................
4.9
5.7
4.1
4.1
-17.3%
Percent Under Contract ........................................
23.2%
0.0%
24.4%
22.6%
-2.4%
Average Median Price for Last 12 Months ........
$1,797,406
$1,910,608
$2,083,333
$1,807,723
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.388
JUL
$2,025,000
AUG SEP
MEDIAN SALES PRICE
OCT
$940
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 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 2017
telesproperties.com
Manhattan Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,100,000
$1,790,000
$2,695,000
$2,687,000
28.0%
Average Price per Square Foot ...........................
$968
$826
$1,118
$1,022
5.6%
Properties Sold .......................................................
32
19
24
52
62.5%
Properties Pending Sale .......................................
32
9
45
35
9.4%
Properties For Sale ................................................
169
96
156
152
-10.1%
Days on Market (Pending Sale) ...........................
41
53
38
54
31.7%
Month’s Supply of Inventory ................................
5.3
5.1
6.5
2.9
-44.7%
Percent Under Contract ........................................
18.9%
9.4%
28.8%
23.0%
21.6%
Average Median Price for Last 12 Months ........
$2,184,833
$2,367,917
$2,345,667
$2,246,885
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.100
JUL
$2,687,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,022
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.687 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Palos Verdes Estates DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,934,000
$1,686,600
$1,577,500
$2,300,000
18.9%
Average Price per Square Foot ...........................
$951
$755
$776
$718
-24.5%
Properties Sold .......................................................
12
16
24
15
25.0%
Properties Pending Sale .......................................
15
11
20
13
-13.3%
Properties For Sale ................................................
99
61
85
104
5.1%
Days on Market (Pending Sale) ...........................
92
61
47
40
-56.5%
Month’s Supply of Inventory ................................
8.2
3.8
3.5
6.9
-16.0%
Percent Under Contract ........................................
15.2%
18.0%
23.5%
12.5%
-17.5%
Average Median Price for Last 12 Months ........
$1,750,663
$1,956,167
$2,133,333
$1,977,431
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
$1.934
JUL
$2,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$718
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Rancho Palos Verdes DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,295,000
$1,376,000
$1,327,500
$1,315,000
1.5%
Average Price per Square Foot ...........................
$547
$571
$562
$574
4.9%
Properties Sold .......................................................
55
39
22
62
12.7%
Properties Pending Sale .......................................
36
25
38
48
33.3%
Properties For Sale ................................................
175
111
133
161
-8.0%
Days on Market (Pending Sale) ...........................
41
62
44
24
-41.5%
Month’s Supply of Inventory ................................
3.2
2.8
6
2.6
-18.4%
Percent Under Contract ........................................
20.6%
22.5%
28.6%
29.8%
44.9%
Average Median Price for Last 12 Months ........
$1,222,257
$1,294,042
$1,339,333
$1,292,808
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.295
JUL
$1,315,000
AUG SEP
MEDIAN SALES PRICE
OCT
$574
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.315 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Redondo Beach- North DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$890,000
$1,090,000
$895,000
$1,049,000
17.9%
Average Price per Square Foot ...........................
$563
$529
$672
$631
12.1%
Properties Sold .......................................................
11
18
17
21
90.9%
Properties Pending Sale .......................................
25
9
16
18
-28.0%
Properties For Sale ................................................
51
28
42
52
2.0%
Days on Market (Pending Sale) ...........................
33
14
44
22
-33.3%
Month’s Supply of Inventory ................................
4.6
1.6
2.5
2.5
-46.6%
Percent Under Contract ........................................
49.0%
32.1%
38.1%
34.6%
-29.4%
Average Median Price for Last 12 Months ........
$871,146
$945,667
$1,001,333
$961,115
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
$890
JUL
$1,049,000
AUG SEP
MEDIAN SALES PRICE
OCT
$631
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.049 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Redondo Beach- South DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,300,000
$1,325,000
$1,360,500
$1,505,000
15.8%
Average Price per Square Foot ...........................
$749
$635
$813
$873
16.6%
Properties Sold .......................................................
27
17
14
21
-22.2%
Properties Pending Sale .......................................
18
9
10
22
22.2%
Properties For Sale ................................................
56
31
47
68
21.4%
Days on Market (Pending Sale) ...........................
60
46
35
44
-26.7%
Month’s Supply of Inventory ................................
2.1
1.8
3.4
3.2
56.1%
Percent Under Contract ........................................
32.1%
29.0%
21.3%
32.4%
0.7%
Average Median Price for Last 12 Months ........
$1,303,479
$1,456,333
$1,467,333
$1,391,075
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.300
JUL
$1,505,000
AUG SEP
MEDIAN SALES PRICE
OCT
$873
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Rolling Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$5,462,500
$4,555,000
$1,950,000
$2,437,500
-55.4%
Average Price per Square Foot ...........................
$772
$1,192
$908
$717
-7.1%
Properties Sold .......................................................
4
2
1
4
0.0%
Properties Pending Sale .......................................
0
1
2
1
n/a
Properties For Sale ................................................
28
27
29
30
7.1%
Days on Market (Pending Sale) ...........................
134
27
58
74
-44.8%
Month’s Supply of Inventory ................................
7
13.5
29
7.5
7.1%
Percent Under Contract ........................................
0.0%
3.7%
6.9%
3.3%
n/a
Average Median Price for Last 12 Months ........
$2,918,263
$2,753,958
$2,360,833
$3,074,125
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.462
JUN JUL
$2,437,500
AUG SEP
MEDIAN SALES PRICE
OCT
$717
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Rolling Hills Estates DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,772,500
$1,580,000
$1,250,000
$1,708,500
-3.6%
Average Price per Square Foot ...........................
$588
$554
$566
$622
5.8%
Properties Sold .......................................................
7
7
7
8
14.3%
Properties Pending Sale .......................................
9
4
3
11
22.2%
Properties For Sale ................................................
42
23
23
44
4.8%
Days on Market (Pending Sale) ...........................
30
75
25
50
66.7%
Month’s Supply of Inventory ................................
6
3.3
3.3
5.5
-8.3%
Percent Under Contract ........................................
21.4%
17.4%
13.0%
25.0%
16.7%
Average Median Price for Last 12 Months ........
$1,608,229
$1,585,917
$1,484,500
$1,567,770
-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
$1.772
JUL
$1,708,500
AUG SEP
MEDIAN SALES PRICE
OCT
$622
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.708 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Pedro DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$618,750
$567,500
$637,500
$680,000
9.9%
Average Price per Square Foot ...........................
$393
$357
$434
$415
5.6%
Properties Sold .......................................................
30
26
28
33
10.0%
Properties Pending Sale .......................................
42
18
41
51
21.4%
Properties For Sale ................................................
141
105
115
146
3.5%
Days on Market (Pending Sale) ...........................
37
53
40
41
10.8%
Month’s Supply of Inventory ................................
4.7
4
4.1
4.4
-5.9%
Percent Under Contract ........................................
29.8%
17.1%
35.7%
34.9%
17.3%
Average Median Price for Last 12 Months ........
$582,418
$648,333
$651,333
$631,596
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$618
JUL
$680,000
AUG SEP
MEDIAN SALES PRICE
OCT
$415
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2017
telesproperties.com
Torrance- County Strip DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$510,000
$538,000
$535,250
$540,500
6.0%
Average Price per Square Foot ...........................
$386
$311
$396
$366
-5.2%
Properties Sold .......................................................
3
5
10
6
100.0%
Properties Pending Sale .......................................
10
9
4
5
-50.0%
Properties For Sale ................................................
27
22
15
18
-33.3%
Days on Market (Pending Sale) ...........................
40
34
14
32
-20.0%
Month’s Supply of Inventory ................................
9
4.4
1.5
3
-66.7%
Percent Under Contract ........................................
37.0%
40.9%
26.7%
27.8%
-25.0%
Average Median Price for Last 12 Months ........
$484,688
$512,958
$511,833
$519,358
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
$510
JUL
$540,500
AUG SEP
MEDIAN SALES PRICE
OCT
$366
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 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 2017
telesproperties.com
Torrance- North DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$616,000
$650,000
$630,000
$670,000
8.8%
Average Price per Square Foot ...........................
$452
$433
$464
$462
2.2%
Properties Sold .......................................................
15
21
17
21
40.0%
Properties Pending Sale .......................................
26
13
20
18
-30.8%
Properties For Sale ................................................
57
27
30
37
-35.1%
Days on Market (Pending Sale) ...........................
17
21
26
15
-11.8%
Month’s Supply of Inventory ................................
3.8
1.3
1.8
1.8
-53.6%
Percent Under Contract ........................................
45.6%
48.1%
66.7%
48.6%
6.7%
Average Median Price for Last 12 Months ........
$470,000
$649,292
$675,500
$639,827
36.1%
*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
$616
JUL
$670,000
AUG SEP
MEDIAN SALES PRICE
OCT
$462
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Torrance- South DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$850,000
$928,880
$849,500
$990,000
16.5%
Average Price per Square Foot ...........................
$494
$452
$512
$500
1.2%
Properties Sold .......................................................
21
17
14
30
42.9%
Properties Pending Sale .......................................
27
12
21
16
-40.7%
Properties For Sale ................................................
64
36
46
60
-6.2%
Days on Market (Pending Sale) ...........................
30
39
26
14
-53.3%
Month’s Supply of Inventory ................................
3
2.1
3.3
2
-34.4%
Percent Under Contract ........................................
42.2%
33.3%
45.7%
26.7%
-36.8%
Average Median Price for Last 12 Months ........
$863,322
$944,667
$930,167
$905,510
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$850
JUL
$990,000
AUG SEP
MEDIAN SALES PRICE
OCT
$500
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Torrance- Southeast DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$725,000
$760,000
$630,000
$772,500
6.6%
Average Price per Square Foot ...........................
$379
$386
$423
$423
11.6%
Properties Sold .......................................................
19
4
8
24
26.3%
Properties Pending Sale .......................................
16
6
7
18
12.5%
Properties For Sale ................................................
63
18
31
44
-30.2%
Days on Market (Pending Sale) ...........................
51
84
24
23
-54.9%
Month’s Supply of Inventory ................................
3.3
4.5
3.9
1.8
-44.7%
Percent Under Contract ........................................
25.4%
33.3%
22.6%
40.9%
61.1%
Average Median Price for Last 12 Months ........
$613,250
$649,417
$687,000
$656,865
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
$725
JUL
$772,500
AUG SEP
MEDIAN SALES PRICE
OCT
$423
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$772 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Torrance- West DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$852,500
$800,000
$920,000
$915,000
7.3%
Average Price per Square Foot ...........................
$490
$470
$573
$521
6.3%
Properties Sold .......................................................
16
15
9
21
31.2%
Properties Pending Sale .......................................
24
9
18
18
-25.0%
Properties For Sale ................................................
48
18
34
33
-31.2%
Days on Market (Pending Sale) ...........................
44
21
33
22
-50.0%
Month’s Supply of Inventory ................................
3
1.2
3.8
1.6
-47.6%
Percent Under Contract ........................................
50.0%
50.0%
52.9%
54.5%
9.1%
Average Median Price for Last 12 Months ........
$803,792
$875,875
$914,333
$846,481
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$852
JUL
$915,000
AUG SEP
MEDIAN SALES PRICE
OCT
$521
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Fernando Valley Macro Market DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$884,875
$909,353
$1,047,706
$1,058,941
19.7%
Average Price per Square Foot ...........................
$456
$437
$457
$481
5.5%
Properties Sold .......................................................
36
27
29
34
-5.7%
Properties Pending Sale .......................................
35
25
33
37
4.5%
Properties For Sale ................................................
83
56
54
75
-10.1%
Days on Market (Pending Sale) ...........................
55
66
60
50
-8.4%
Month’s Supply of Inventory ................................
2.3
2.1
1.9
2.2
-4.7%
Percent Under Contract ........................................
42.2%
45.6%
60.7%
49.1%
16.3%
Average Median Price for Last 12 Months ........
$844,744
$1,010,882
$1,022,784
$934,413
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
$884
JUL
$1,058,941
AUG SEP
MEDIAN SALES PRICE
OCT
$481
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.058 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Agoura Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$954,000
$870,000
$1,075,000
$1,103,000
15.6%
Average Price per Square Foot ...........................
$385
$361
$371
$391
1.6%
Properties Sold .......................................................
30
15
16
26
-13.3%
Properties Pending Sale .......................................
28
12
25
24
-14.3%
Properties For Sale ................................................
58
39
38
60
3.4%
Days on Market (Pending Sale) ...........................
63
76
81
68
7.9%
Month’s Supply of Inventory ................................
1.9
2.6
2.4
2.3
19.4%
Percent Under Contract ........................................
48.3%
30.8%
65.8%
40.0%
-17.1%
Average Median Price for Last 12 Months ........
$878,333
$981,333
$1,066,000
$918,000
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
$954
JUL
$1,103,000
AUG SEP
MEDIAN SALES PRICE
OCT
$391
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.103 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Burbank DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$740,000
$735,000
$748,000
$813,000
9.9%
Average Price per Square Foot ...........................
$490
$492
$498
$525
7.1%
Properties Sold .......................................................
63
47
55
54
-14.3%
Properties Pending Sale .......................................
59
50
54
65
10.2%
Properties For Sale ................................................
101
64
61
83
-17.8%
Days on Market (Pending Sale) ...........................
50
57
55
30
-40.0%
Month’s Supply of Inventory ................................
1.6
1.4
1.1
1.5
-4.1%
Percent Under Contract ........................................
58.4%
78.1%
88.5%
78.3%
34.1%
Average Median Price for Last 12 Months ........
$719,000
$775,333
$784,667
$766,692
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$740
JUL
$813,000
AUG SEP
MEDIAN SALES PRICE
OCT
$525
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$813 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Calabasas DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,224,000
$1,045,000
$1,780,000
$1,205,000
-1.6%
Average Price per Square Foot ...........................
$414
$429
$454
$510
23.2%
Properties Sold .......................................................
34
24
14
26
-23.5%
Properties Pending Sale .......................................
28
12
34
33
17.9%
Properties For Sale ................................................
102
71
79
101
-1.0%
Days on Market (Pending Sale) ...........................
80
76
66
67
-16.2%
Month’s Supply of Inventory ................................
3
3
5.6
3.9
29.5%
Percent Under Contract ........................................
27.5%
16.9%
43.0%
32.7%
19.0%
Average Median Price for Last 12 Months ........
$1,372,250
$1,352,167
$1,241,000
$1,361,077
-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
$1.224
JUL
$1,205,000
AUG SEP
MEDIAN SALES PRICE
OCT
$510
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Encino DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,212,000
$1,391,000
$1,290,000
$1,400,000
15.5%
Average Price per Square Foot ...........................
$506
$492
$474
$495
-2.2%
Properties Sold .......................................................
49
36
53
51
4.1%
Properties Pending Sale .......................................
52
34
48
56
7.7%
Properties For Sale ................................................
132
89
95
112
-15.2%
Days on Market (Pending Sale) ...........................
63
73
52
63
0.0%
Month’s Supply of Inventory ................................
2.7
2.5
1.8
2.2
-18.5%
Percent Under Contract ........................................
39.4%
38.2%
50.5%
50.0%
26.9%
Average Median Price for Last 12 Months ........
$1,175,750
$1,287,167
$1,318,667
$1,261,462
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
$1.212
JUL
$1,400,000
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
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Glendale DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$968,000
$865,000
$869,000
$972,000
0.4%
Average Price per Square Foot ...........................
$508
$447
$494
$457
-10.0%
Properties Sold .......................................................
62
54
40
52
-16.1%
Properties Pending Sale .......................................
71
68
49
60
-15.5%
Properties For Sale ................................................
116
98
80
103
-11.2%
Days on Market (Pending Sale) ...........................
42
57
58
47
11.9%
Month’s Supply of Inventory ................................
2.1
1.1
1.1
1.9
-12.3%
Percent Under Contract ........................................
46.9%
71.4%
101.3%
61.2%
30.6%
Average Median Price for Last 12 Months ........
$818,000
$893,000
$903,333
$880,083
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
$837
JUL
$972,000
AUG SEP
MEDIAN SALES PRICE
OCT
$457
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 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 2017
telesproperties.com
La Crescenta DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$816,000
$738,000
$854,000
$740,000
-9.3%
Average Price per Square Foot ...........................
$493
$512
$514
$517
4.9%
Properties Sold .......................................................
19
12
16
21
10.5%
Properties Pending Sale .......................................
25
17
16
16
-36.0%
Properties For Sale ................................................
33
12
15
31
-6.1%
Days on Market (Pending Sale) ...........................
46
45
32
52
13.0%
Month’s Supply of Inventory ................................
1.7
1
0.9
1.5
-15.0%
Percent Under Contract ........................................
75.8%
141.7%
106.7%
51.6%
-31.9%
Average Median Price for Last 12 Months ........
$772,833
$834,167
$821,667
$817,538
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$816
JUL
$740,000
AUG SEP
MEDIAN SALES PRICE
OCT
$517
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
North Hollywood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$505,000
$590,000
$560,000
$593,000
17.4%
Average Price per Square Foot ...........................
$391
$397
$393
$445
13.8%
Properties Sold .......................................................
38
33
29
46
21.1%
Properties Pending Sale .......................................
42
27
45
30
-28.6%
Properties For Sale ................................................
49
50
44
52
6.1%
Days on Market (Pending Sale) ...........................
60
42
49
47
-21.7%
Month’s Supply of Inventory ................................
1.3
1.5
1.5
1.1
-12.3%
Percent Under Contract ........................................
85.7%
54.0%
102.3%
57.7%
-32.7%
Average Median Price for Last 12 Months ........
$511,000
$558,167
$570,333
$543,077
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$505
JUL
$593,000
AUG SEP
MEDIAN SALES PRICE
OCT
$445
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$593 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Shadow Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$653,000
$782,000
$825,000
$750,000
14.9%
Average Price per Square Foot ...........................
$395
$344
$313
$357
-9.6%
Properties Sold .......................................................
4
6
5
3
-25.0%
Properties Pending Sale .......................................
4
7
3
1
-75.0%
Properties For Sale ................................................
17
10
10
10
-41.2%
Days on Market (Pending Sale) ...........................
38
94
61
29
-23.7%
Month’s Supply of Inventory ................................
4.2
1.7
2
3.3
-21.6%
Percent Under Contract ........................................
23.5%
70.0%
30.0%
10.0%
-57.5%
Average Median Price for Last 12 Months ........
$742,167
$875,833
$984,333
$782,538
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
$653
JUL
$750,000
AUG SEP
MEDIAN SALES PRICE
OCT
$357
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 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 2017
telesproperties.com
Sherman Oaks DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,100,000
$1,195,000
$1,100,000
$1,245,000
13.2%
Average Price per Square Foot ...........................
$528
$503
$492
$548
3.8%
Properties Sold .......................................................
65
43
72
72
10.8%
Properties Pending Sale .......................................
60
48
63
61
1.7%
Properties For Sale ................................................
161
105
97
152
-5.6%
Days on Market (Pending Sale) ...........................
50
69
84
53
6.0%
Month’s Supply of Inventory ................................
2.5
2.4
1.3
2.1
-14.8%
Percent Under Contract ........................................
37.3%
45.7%
64.9%
40.1%
7.7%
Average Median Price for Last 12 Months ........
$1,017,917
$1,163,833
$1,183,000
$1,171,923
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.100
JUL
$1,245,000
AUG SEP
MEDIAN SALES PRICE
OCT
$548
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.245 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Studio City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,265,000
$1,293,000
$1,600,000
$1,340,000
5.9%
Average Price per Square Foot ...........................
$589
$597
$558
$691
17.3%
Properties Sold .......................................................
30
24
31
31
3.3%
Properties Pending Sale .......................................
36
20
45
36
0.0%
Properties For Sale ................................................
96
51
67
84
-12.5%
Days on Market (Pending Sale) ...........................
51
75
58
52
2.0%
Month’s Supply of Inventory ................................
3.2
2.1
2.2
2.7
-15.3%
Percent Under Contract ........................................
37.5%
39.2%
67.2%
42.9%
14.3%
Average Median Price for Last 12 Months ........
$1,371,333
$1,441,500
$1,408,667
$1,420,385
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.265
JUL
$1,340,000
AUG SEP
MEDIAN SALES PRICE
OCT
$691
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.340 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 2017
telesproperties.com
Sun Valley DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$464,000
$475,000
$472,000
$524,000
12.9%
Average Price per Square Foot ...........................
$359
$336
$423
$343
-4.5%
Properties Sold .......................................................
25
19
14
14
-44.0%
Properties Pending Sale .......................................
22
16
19
22
0.0%
Properties For Sale ................................................
24
21
17
21
-12.5%
Days on Market (Pending Sale) ...........................
35
60
59
56
60.0%
Month’s Supply of Inventory ................................
1
1.1
1.2
1.5
56.2%
Percent Under Contract ........................................
91.7%
76.2%
111.8%
104.8%
14.3%
Average Median Price for Last 12 Months ........
$452,167
$503,667
$510,000
$495,923
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
$464
JUL
$524,000
AUG SEP
MEDIAN SALES PRICE
OCT
$343
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$524 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Sunland/Tujunga DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$524,000
$562,000
$639,000
$593,000
13.2%
Average Price per Square Foot ...........................
$366
$380
$316
$421
15.0%
Properties Sold .......................................................
34
26
17
26
-23.5%
Properties Pending Sale .......................................
39
23
17
18
-53.8%
Properties For Sale ................................................
72
42
17
22
-69.4%
Days on Market (Pending Sale) ...........................
44
55
41
30
-31.8%
Month’s Supply of Inventory ................................
2.1
1.6
1
0.8
-60.0%
Percent Under Contract ........................................
54.2%
54.8%
100.0%
81.8%
51.0%
Average Median Price for Last 12 Months ........
$516,500
$603,167
$627,333
$581,615
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
$524
JUL
$593,000
AUG SEP
MEDIAN SALES PRICE
OCT
$421
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$593 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Tarzana DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$980,000
$1,083,000
$1,079,000
$927,000
-5.4%
Average Price per Square Foot ...........................
$387
$399
$384
$422
9.0%
Properties Sold .......................................................
35
22
28
28
-20.0%
Properties Pending Sale .......................................
25
25
29
43
72.0%
Properties For Sale ................................................
108
60
64
86
-20.4%
Days on Market (Pending Sale) ...........................
66
66
106
68
3.0%
Month’s Supply of Inventory ................................
3.1
2.7
2.3
3.1
-0.5%
Percent Under Contract ........................................
23.1%
41.7%
45.3%
50.0%
116.0%
Average Median Price for Last 12 Months ........
$913,417
$1,034,333
$1,030,000
$1,045,692
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
$980
JUL
$927,000
AUG SEP
MEDIAN SALES PRICE
OCT
$422
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$927 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Toluca Lake DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$895,000
$1,065,000
$1,068,000
$2,950,000
229.6%
Average Price per Square Foot ...........................
$726
$495
$712
$648
-10.7%
Properties Sold .......................................................
5
2
6
5
0.0%
Properties Pending Sale .......................................
6
3
8
7
16.7%
Properties For Sale ................................................
21
14
15
16
-23.8%
Days on Market (Pending Sale) ...........................
68
67
49
46
-32.4%
Month’s Supply of Inventory ................................
4.2
7
2.5
3.2
-23.8%
Percent Under Contract ........................................
28.6%
21.4%
53.3%
43.8%
53.1%
Average Median Price for Last 12 Months ........
$1,185,667
$1,815,667
$2,110,000
$1,566,462
32.1%
*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
$895
JUL
$2,950,000
AUG SEP
MEDIAN SALES PRICE
OCT
$648
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Valley Village DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$901,000
$865,000
$878,000
$996,000
10.5%
Average Price per Square Foot ...........................
$476
$479
$455
$508
6.7%
Properties Sold .......................................................
22
23
17
14
-36.4%
Properties Pending Sale .......................................
25
9
17
24
-4.0%
Properties For Sale ................................................
38
28
27
38
0.0%
Days on Market (Pending Sale) ...........................
40
42
64
44
10.0%
Month’s Supply of Inventory ................................
1.7
1.2
1.6
2.7
57.1%
Percent Under Contract ........................................
65.8%
32.1%
63.0%
63.2%
-4.0%
Average Median Price for Last 12 Months ........
$876,250
$944,667
$965,333
$922,538
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$901
JUL
$996,000
AUG SEP
MEDIAN SALES PRICE
OCT
$508
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$996 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Westlake Village DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,165,000
$1,150,000
$1,487,000
$1,060,000
-9.0%
Average Price per Square Foot ...........................
$440
$408
$456
$448
1.8%
Properties Sold .......................................................
48
17
39
31
-35.4%
Properties Pending Sale .......................................
37
20
44
31
-16.2%
Properties For Sale ................................................
127
90
98
117
-7.9%
Days on Market (Pending Sale) ...........................
67
98
53
61
-9.0%
Month’s Supply of Inventory ................................
2.6
5.3
2.5
3.8
42.6%
Percent Under Contract ........................................
29.1%
22.2%
44.9%
26.5%
-9.1%
Average Median Price for Last 12 Months ........
$1,102,250
$1,217,333
$1,059,667
$1,233,846
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.165
JUL
$1,060,000
AUG SEP
MEDIAN SALES PRICE
OCT
$448
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.060 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Woodland Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$760,000
$755,000
$1,487,000
$795,000
4.6%
Average Price per Square Foot ...........................
$357
$360
$456
$406
13.7%
Properties Sold .......................................................
80
57
39
72
-10.0%
Properties Pending Sale .......................................
73
42
44
85
16.4%
Properties For Sale ................................................
189
106
98
167
-11.6%
Days on Market (Pending Sale) ...........................
60
68
53
49
-18.3%
Month’s Supply of Inventory ................................
2.4
1.9
2.5
2.3
-1.8%
Percent Under Contract ........................................
38.6%
39.6%
44.9%
50.9%
31.8%
Average Median Price for Last 12 Months ........
$754,417
$904,333
$804,667
$825,846
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$760
JUL
$795,000
AUG SEP
MEDIAN SALES PRICE
OCT
$406
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,014,583
$1,038,500
$1,088,083
$1,090,417
7.5%
Average Price per Square Foot ...........................
$539
$533
$540
$544
1.0%
Properties Sold .......................................................
28
24
22
31
8.8%
Properties Pending Sale .......................................
29
21
25
29
-2.3%
Properties For Sale ................................................
75
48
57
61
-19.2%
Days on Market (Pending Sale) ...........................
52
53
51
36
-31.7%
Month’s Supply of Inventory ................................
2.7
2
2.6
2
-25.8%
Percent Under Contract ........................................
38.9%
42.9%
43.9%
47.1%
21.0%
Average Median Price for Last 12 Months ........
$1,003,028
$1,086,542
$1,054,472
$1,051,744
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.014
JUL
$1,090,417
AUG SEP
MEDIAN SALES PRICE
OCT
$544
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Alhambra DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$610,000
$673,000
$630,000
$685,000
12.3%
Average Price per Square Foot ...........................
$431
$429
$423
$432
0.2%
Properties Sold .......................................................
18
14
22
27
50.0%
Properties Pending Sale .......................................
21
15
23
21
0.0%
Properties For Sale ................................................
54
36
30
17
-68.5%
Days on Market (Pending Sale) ...........................
54
61
63
29
-46.3%
Month’s Supply of Inventory ................................
3
2.6
1.4
0.6
-79.0%
Percent Under Contract ........................................
38.9%
41.7%
76.7%
123.5%
217.6%
Average Median Price for Last 12 Months ........
$584,750
$651,833
$667,000
$647,769
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
$610
JUL
$685,000
AUG SEP
MEDIAN SALES PRICE
OCT
$432
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$685 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Altadena DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$632,000
$775,000
$780,000
$793,000
25.5%
Average Price per Square Foot ...........................
$446
$447
$476
$467
4.7%
Properties Sold .......................................................
29
29
32
38
31.0%
Properties Pending Sale .......................................
39
24
32
42
7.7%
Properties For Sale ................................................
72
36
45
39
-45.8%
Days on Market (Pending Sale) ...........................
36
64
49
29
-19.4%
Month’s Supply of Inventory ................................
2.5
1.2
1.4
1
-58.7%
Percent Under Contract ........................................
54.2%
66.7%
71.1%
107.7%
98.8%
Average Median Price for Last 12 Months ........
$708,333
$804,833
$832,667
$774,692
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$632
JUL
$793,000
AUG SEP
MEDIAN SALES PRICE
OCT
$467
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$793 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Arcadia DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,100,000
$1,093,000
$1,050,000
$1,203,000
9.4%
Average Price per Square Foot ...........................
$623
$545
$577
$552
-11.4%
Properties Sold .......................................................
39
27
33
44
12.8%
Properties Pending Sale .......................................
37
26
45
40
8.1%
Properties For Sale ................................................
237
163
195
227
-4.2%
Days on Market (Pending Sale) ...........................
63
74
47
36
-42.9%
Month’s Supply of Inventory ................................
6.1
6
5.9
5.2
-15.1%
Percent Under Contract ........................................
15.6%
16.0%
23.1%
17.6%
12.9%
Average Median Price for Last 12 Months ........
$1,235,250
$1,303,333
$1,155,333
$1,277,923
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.100
JUL
$1,203,000
AUG SEP
MEDIAN SALES PRICE
OCT
$552
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.203 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Duarte DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$499,000
$478,000
$460,000
$542,000
8.6%
Average Price per Square Foot ...........................
$336
$344
$380
$356
6.0%
Properties Sold .......................................................
16
12
12
25
56.2%
Properties Pending Sale .......................................
15
7
15
19
26.7%
Properties For Sale ................................................
29
22
25
27
-6.9%
Days on Market (Pending Sale) ...........................
35
48
54
34
-2.9%
Month’s Supply of Inventory ................................
1.8
1.8
2.1
1.1
-40.4%
Percent Under Contract ........................................
51.7%
31.8%
60.0%
70.4%
36.0%
Average Median Price for Last 12 Months ........
$456,333
$488,333
$494,000
$487,077
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$499
JUL
$542,000
AUG SEP
MEDIAN SALES PRICE
OCT
$356
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$542 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Eagle Rock DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$810,000
$885,000
$850,000
$824,000
1.7%
Average Price per Square Foot ...........................
$520
$587
$532
$510
-1.9%
Properties Sold .......................................................
21
10
9
13
-38.1%
Properties Pending Sale .......................................
24
7
7
4
-83.3%
Properties For Sale ................................................
28
17
11
9
-67.9%
Days on Market (Pending Sale) ...........................
48
56
51
43
-10.4%
Month’s Supply of Inventory ................................
1.3
1.7
1.2
0.7
-48.1%
Percent Under Contract ........................................
85.7%
41.2%
63.6%
44.4%
-48.1%
Average Median Price for Last 12 Months ........
$728,250
$778,333
$761,333
$795,154
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
$810
JUL
$824,000
AUG SEP
MEDIAN SALES PRICE
OCT
$510
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$824 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
La Canada Flintridge DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,615,000
$1,608,000
$1,818,000
$1,888,000
16.9%
Average Price per Square Foot ...........................
$626
$593
$672
$626
0.0%
Properties Sold .......................................................
23
16
26
30
30.4%
Properties Pending Sale .......................................
32
18
25
20
-37.5%
Properties For Sale ................................................
67
25
52
52
-22.4%
Days on Market (Pending Sale) ...........................
44
60
30
45
2.3%
Month’s Supply of Inventory ................................
2.9
1.6
2
1.7
-40.5%
Percent Under Contract ........................................
47.8%
72.0%
48.1%
38.5%
-19.5%
Average Median Price for Last 12 Months ........
$1,596,250
$1,880,667
$1,851,333
$1,793,923
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.615
JUL
$1,888,000
AUG SEP
MEDIAN SALES PRICE
OCT
$626
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.888 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Monrovia DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$684,000
$660,000
$707,000
$725,000
6.0%
Average Price per Square Foot ...........................
$409
$410
$450
$436
6.6%
Properties Sold .......................................................
32
23
19
32
0.0%
Properties Pending Sale .......................................
32
24
18
38
18.8%
Properties For Sale ................................................
54
35
42
48
-11.1%
Days on Market (Pending Sale) ...........................
50
54
25
38
-24.0%
Month’s Supply of Inventory ................................
1.7
1.5
2.2
1.5
-11.1%
Percent Under Contract ........................................
59.3%
68.6%
42.9%
79.2%
33.6%
Average Median Price for Last 12 Months ........
$642,667
$684,167
$692,333
$660,077
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$684
JUL
$725,000
AUG SEP
MEDIAN SALES PRICE
OCT
$436
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Pasadena DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$885,000
$856,000
$785,000
$950,000
7.3%
Average Price per Square Foot ...........................
$545
$524
$585
$567
4.0%
Properties Sold .......................................................
101
96
68
103
2.0%
Properties Pending Sale .......................................
91
70
76
94
3.3%
Properties For Sale ................................................
213
143
172
165
-22.5%
Days on Market (Pending Sale) ...........................
47
53
52
48
2.1%
Month’s Supply of Inventory ................................
2.1
1.5
2.5
1.6
-24.0%
Percent Under Contract ........................................
42.7%
49.0%
44.2%
57.0%
33.3%
Average Median Price for Last 12 Months ........
$818,000
$878,000
$953,000
$866,385
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$885
JUL
$950,000
AUG SEP
MEDIAN SALES PRICE
OCT
$567
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Gabriel DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$713,000
$868,000
$699,000
$785,000
10.1%
Average Price per Square Foot ...........................
$433
$453
$465
$479
10.6%
Properties Sold .......................................................
22
23
20
19
-13.6%
Properties Pending Sale .......................................
27
24
29
29
7.4%
Properties For Sale ................................................
60
37
45
54
-10.0%
Days on Market (Pending Sale) ...........................
78
32
42
32
-59.0%
Month’s Supply of Inventory ................................
2.7
1.6
2.2
2.8
4.2%
Percent Under Contract ........................................
45.0%
64.9%
64.4%
53.7%
19.3%
Average Median Price for Last 12 Months ........
$728,667
$757,000
$751,667
$739,077
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$713
JUL
$785,000
AUG SEP
MEDIAN SALES PRICE
OCT
$479
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Marino DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,450,000
$2,275,000
$2,480,000
$2,345,000
-4.3%
Average Price per Square Foot ...........................
$921
$933
$778
$882
-4.2%
Properties Sold .......................................................
14
12
10
12
-14.3%
Properties Pending Sale .......................................
13
11
8
14
7.7%
Properties For Sale ................................................
46
31
40
55
19.6%
Days on Market (Pending Sale) ...........................
68
47
85
38
-44.1%
Month’s Supply of Inventory ................................
3.3
2.6
4
4.6
39.5%
Percent Under Contract ........................................
28.3%
35.5%
20.0%
25.5%
-9.9%
Average Median Price for Last 12 Months ........
$2,291,083
$2,326,667
$2,111,667
$2,225,385
-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
$2.450
JUL
$2,345,000
AUG SEP
MEDIAN SALES PRICE
OCT
$882
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.345 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Sierra Madre DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$913,000
$947,000
$1,148,000
$975,000
6.8%
Average Price per Square Foot ...........................
$558
$512
$523
$517
-7.3%
Properties Sold .......................................................
12
5
6
13
8.3%
Properties Pending Sale .......................................
6
6
12
9
50.0%
Properties For Sale ................................................
26
18
15
24
-7.7%
Days on Market (Pending Sale) ...........................
46
46
86
35
-23.9%
Month’s Supply of Inventory ................................
2.2
3.6
2.5
1.8
-14.8%
Percent Under Contract ........................................
23.1%
33.3%
80.0%
37.5%
62.5%
Average Median Price for Last 12 Months ........
$992,667
$1,085,500
$1,058,333
$1,045,462
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$913
JUL
$975,000
AUG SEP
MEDIAN SALES PRICE
OCT
$517
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 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 2017
telesproperties.com
South Pasadena DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,264,000
$1,344,000
$1,650,000
$1,370,000
8.4%
Average Price per Square Foot ...........................
$616
$619
$624
$704
14.3%
Properties Sold .......................................................
14
15
9
15
7.1%
Properties Pending Sale .......................................
15
14
10
14
-6.7%
Properties For Sale ................................................
18
10
11
13
-27.8%
Days on Market (Pending Sale) ...........................
55
41
22
19
-65.5%
Month’s Supply of Inventory ................................
1.3
0.7
1.2
0.9
-32.6%
Percent Under Contract ........................................
83.3%
140.0%
90.9%
107.7%
29.2%
Average Median Price for Last 12 Months ........
$1,254,083
$1,399,833
$1,325,000
$1,308,000
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
$1.264
JUL
$1,370,000
AUG SEP
MEDIAN SALES PRICE
OCT
$704
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.370 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : June 2017
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : June 2017
telesproperties.com
Orange County DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$750,000
$740,000
$756,000
$790,000
5.3%
Average Price per Square Foot ...........................
$432
$450
$449
$450
4.2%
Properties Sold .......................................................
1952
1552
1669
2066
5.8%
Properties Pending Sale .......................................
1806
1123
2015
1959
8.5%
Properties For Sale ................................................
7,493
4,797
6,170
6,880
-8.2%
Days on Market (Pending Sale) ...........................
50
62
44
40
-20.0%
Month’s Supply of Inventory ................................
3.8
3.1
3.7
3.3
-13.2%
Percent Under Contract ........................................
24.1%
23.4%
32.7%
28.5%
18.1%
Average Median Price for Last 12 Months ........
$711,375
$764,000
$783,333
$750,573
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$750
JUL
$790,000
AUG SEP
MEDIAN SALES PRICE
OCT
$450
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Aliso Viejo DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$780,000
$745,000
$765,500
$815,000
4.5%
Average Price per Square Foot ...........................
$368
$386
$366
$394
7.1%
Properties Sold .......................................................
39
14
16
31
-20.5%
Properties Pending Sale .......................................
29
8
21
26
-10.3%
Properties For Sale ................................................
85
30
59
64
-24.7%
Days on Market (Pending Sale) ...........................
38
0
27
48
26.3%
Month’s Supply of Inventory ................................
2.2
2.1
3.7
2.1
-5.3%
Percent Under Contract ........................................
34.1%
26.7%
35.6%
40.6%
19.1%
Average Median Price for Last 12 Months ........
$751,813
$807,408
$835,500
$798,073
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$780
JUL
$815,000
AUG SEP
MEDIAN SALES PRICE
OCT
$394
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Balboa Peninsula DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$4,250,000
$3,687,500
$5,650,000
$2,712,500
-36.2%
Average Price per Square Foot ...........................
$1,676
$1,434
$1,780
$1,408
-16.0%
Properties Sold .......................................................
6
2
3
9
50.0%
Properties Pending Sale .......................................
5
6
8
4
-20.0%
Properties For Sale ................................................
56
38
45
42
-25.0%
Days on Market (Pending Sale) ...........................
94
88
123
122
29.8%
Month’s Supply of Inventory ................................
9.3
19
15
4.7
-50.0%
Percent Under Contract ........................................
8.9%
15.8%
17.8%
9.5%
6.7%
Average Median Price for Last 12 Months ........
$3,138,750
$3,239,500
$3,045,833
$3,320,346
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.250
JUN JUL
$2,712,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,408
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Corona del Mar - Spyglass DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,700,000
$2,905,000
$2,575,000
$2,875,000
6.5%
Average Price per Square Foot ...........................
$1,048
$1,075
$946
$1,347
28.5%
Properties Sold .......................................................
19
12
12
13
-31.6%
Properties Pending Sale .......................................
14
9
20
11
-21.4%
Properties For Sale ................................................
94
61
80
83
-11.7%
Days on Market (Pending Sale) ...........................
56
99
86
86
53.6%
Month’s Supply of Inventory ................................
4.9
5.1
6.7
6.4
29.1%
Percent Under Contract ........................................
14.9%
14.8%
25.0%
13.3%
-11.0%
Average Median Price for Last 12 Months ........
$2,733,375
$2,817,649
$2,729,054
$2,849,684
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
$2.700
JUL
$2,875,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,347
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Coto de Caza DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,212,500
$1,172,500
$1,115,000
$1,615,500
33.2%
Average Price per Square Foot ...........................
$371
$323
$315
$391
5.4%
Properties Sold .......................................................
35
10
17
32
-8.6%
Properties Pending Sale .......................................
25
15
25
17
-32.0%
Properties For Sale ................................................
154
88
125
120
-22.1%
Days on Market (Pending Sale) ...........................
74
129
84
56
-24.3%
Month’s Supply of Inventory ................................
4.4
8.8
7.4
3.8
-14.8%
Percent Under Contract ........................................
16.2%
17.0%
20.0%
14.2%
-12.7%
Average Median Price for Last 12 Months ........
$1,159,504
$1,210,917
$1,288,500
$1,208,502
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.212
JUL
$1,615,500
AUG SEP
MEDIAN SALES PRICE
OCT
$391
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Crystal Cove DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$4,400,000
$8,650,000
$8,725,000
$4,900,000
11.4%
Average Price per Square Foot ...........................
$1,124
$1,406
$1,346
$1,195
6.3%
Properties Sold .......................................................
3
4
2
1
-66.7%
Properties Pending Sale .......................................
3
1
3
5
66.7%
Properties For Sale ................................................
21
20
26
23
9.5%
Days on Market (Pending Sale) ...........................
184
55
34
193
4.9%
Month’s Supply of Inventory ................................
7
5
13
23
228.6%
Percent Under Contract ........................................
14.3%
5.0%
11.5%
21.7%
52.2%
Average Median Price for Last 12 Months ........
$6,951,782
$7,400,000
$7,100,000
$7,222,523
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$4.400
JUL
$4,900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,195
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
23 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.900 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 2017
telesproperties.com
Dana Point DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,112,500
$940,000
$890,000
$997,500
-10.3%
Average Price per Square Foot ...........................
$726
$612
$806
$663
-8.7%
Properties Sold .......................................................
34
29
16
36
5.9%
Properties Pending Sale .......................................
21
15
30
34
61.9%
Properties For Sale ................................................
194
138
165
204
5.2%
Days on Market (Pending Sale) ...........................
73
106
69
71
-2.7%
Month’s Supply of Inventory ................................
5.7
4.8
10.3
5.7
-0.7%
Percent Under Contract ........................................
10.8%
10.9%
18.2%
16.7%
54.0%
Average Median Price for Last 12 Months ........
$1,058,141
$1,058,500
$1,127,500
$1,019,635
-3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.112
JUL
$997,500
AUG SEP
MEDIAN SALES PRICE
OCT
$663
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$997 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
East Bluff - Harbor View DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,875,000
$1,950,000
$1,912,500
$1,800,000
-4.0%
Average Price per Square Foot ...........................
$647
$634
$727
$675
4.3%
Properties Sold .......................................................
21
21
12
23
9.5%
Properties Pending Sale .......................................
21
9
23
22
4.8%
Properties For Sale ................................................
128
80
113
122
-4.7%
Days on Market (Pending Sale) ...........................
55
74
55
57
3.6%
Month’s Supply of Inventory ................................
6.1
3.8
9.4
5.3
-13.0%
Percent Under Contract ........................................
16.4%
11.2%
20.4%
18.0%
9.9%
Average Median Price for Last 12 Months ........
$1,838,025
$1,958,333
$1,788,333
$1,884,662
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
$1.875
JUL
$1,800,000
AUG SEP
MEDIAN SALES PRICE
OCT
$675
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
East Costa Mesa DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,050,000
$1,050,000
$1,004,500
$1,105,000
5.2%
Average Price per Square Foot ...........................
$570
$548
$549
$580
1.8%
Properties Sold .......................................................
15
9
22
26
73.3%
Properties Pending Sale .......................................
11
9
20
17
54.5%
Properties For Sale ................................................
66
41
54
76
15.2%
Days on Market (Pending Sale) ...........................
58
97
29
37
-36.2%
Month’s Supply of Inventory ................................
4.4
4.6
2.5
2.9
-33.6%
Percent Under Contract ........................................
16.7%
22.0%
37.0%
22.4%
34.2%
Average Median Price for Last 12 Months ........
$983,358
$1,036,583
$1,040,667
$1,038,872
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.050
JUL
$1,105,000
AUG SEP
MEDIAN SALES PRICE
OCT
$580
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.105 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Fountain Valley DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$731,000
$780,000
$806,250
$787,000
7.7%
Average Price per Square Foot ...........................
$369
$361
$376
$391
6.0%
Properties Sold .......................................................
30
29
24
46
53.3%
Properties Pending Sale .......................................
29
22
33
37
27.6%
Properties For Sale ................................................
76
52
61
77
1.3%
Days on Market (Pending Sale) ...........................
39
38
14
23
-41.0%
Month’s Supply of Inventory ................................
2.5
1.8
2.5
1.7
-33.9%
Percent Under Contract ........................................
38.2%
42.3%
54.1%
48.1%
25.9%
Average Median Price for Last 12 Months ........
$722,825
$780,625
$791,500
$769,477
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
$731
JUL
$787,000
AUG SEP
MEDIAN SALES PRICE
OCT
$391
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$787 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Huntington Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$845,000
$823,500
$820,000
$910,000
7.7%
Average Price per Square Foot ...........................
$453
$470
$495
$502
10.8%
Properties Sold .......................................................
122
103
111
109
-10.7%
Properties Pending Sale .......................................
122
67
126
130
6.6%
Properties For Sale ................................................
427
229
306
369
-13.6%
Days on Market (Pending Sale) ...........................
51
50
36
31
-39.2%
Month’s Supply of Inventory ................................
3.5
2.2
2.8
3.4
-3.3%
Percent Under Contract ........................................
28.6%
29.3%
41.2%
35.2%
23.3%
Average Median Price for Last 12 Months ........
$807,708
$836,833
$863,333
$827,385
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
$845
JUL
$910,000
AUG SEP
MEDIAN SALES PRICE
OCT
$502
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Irvine DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,160,000
$1,081,500
$1,150,000
$1,019,000
-12.2%
Average Price per Square Foot ...........................
$478
$475
$491
$486
1.7%
Properties Sold .......................................................
114
98
109
118
3.5%
Properties Pending Sale .......................................
109
78
115
108
-0.9%
Properties For Sale ................................................
510
314
406
472
-7.5%
Days on Market (Pending Sale) ...........................
59
68
42
48
-18.6%
Month’s Supply of Inventory ................................
4.5
3.2
3.7
4
-10.6%
Percent Under Contract ........................................
21.4%
24.8%
28.3%
22.9%
7.1%
Average Median Price for Last 12 Months ........
$1,001,585
$1,095,583
$1,071,167
$1,082,807
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
$1.160
JUL
$1,019,000
AUG SEP
MEDIAN SALES PRICE
OCT
$486
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.019 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Ladera Ranch DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$839,000
$847,500
$965,000
$944,450
12.6%
Average Price per Square Foot ...........................
$340
$325
$334
$360
5.9%
Properties Sold .......................................................
25
24
27
36
44.0%
Properties Pending Sale .......................................
30
8
37
45
50.0%
Properties For Sale ................................................
153
65
108
141
-7.8%
Days on Market (Pending Sale) ...........................
44
83
37
35
-20.5%
Month’s Supply of Inventory ................................
6.1
2.7
4
3.9
-36.0%
Percent Under Contract ........................................
19.6%
12.3%
34.3%
31.9%
62.8%
Average Median Price for Last 12 Months ........
$846,108
$905,575
$911,150
$894,419
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$839
JUL
$944,450
AUG SEP
MEDIAN SALES PRICE
OCT
$360
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$944 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Laguna Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,685,000
$2,000,000
$2,681,094
$1,860,000
10.4%
Average Price per Square Foot ...........................
$1,037
$878
$1,319
$1,098
5.9%
Properties Sold .......................................................
23
27
30
29
26.1%
Properties Pending Sale .......................................
29
23
40
23
-20.7%
Properties For Sale ................................................
302
190
232
268
-11.3%
Days on Market (Pending Sale) ...........................
85
111
95
101
18.8%
Month’s Supply of Inventory ................................
13.1
7
7.7
9.2
-29.6%
Percent Under Contract ........................................
9.6%
12.1%
17.2%
8.6%
-10.6%
Average Median Price for Last 12 Months ........
$1,968,633
$2,227,182
$2,242,500
$2,017,507
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
$1.685
JUL
$1,860,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,098
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Laguna Niguel DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$872,000
$810,000
$947,450
$970,000
11.2%
Average Price per Square Foot ...........................
$428
$404
$400
$415
-3.0%
Properties Sold .......................................................
57
47
66
73
28.1%
Properties Pending Sale .......................................
65
36
64
78
20.0%
Properties For Sale ................................................
316
187
246
279
-11.7%
Days on Market (Pending Sale) ...........................
67
65
43
39
-41.8%
Month’s Supply of Inventory ................................
5.5
4
3.7
3.8
-31.1%
Percent Under Contract ........................................
20.6%
19.3%
26.0%
28.0%
35.9%
Average Median Price for Last 12 Months ........
$860,438
$939,367
$950,750
$899,900
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
$872
JUL
$970,000
AUG SEP
MEDIAN SALES PRICE
OCT
$415
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 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 2017
telesproperties.com
Laguna Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,007,500
$819,000
$764,000
$855,000
-15.1%
Average Price per Square Foot ...........................
$363
$388
$334
$382
5.2%
Properties Sold .......................................................
30
16
19
30
0.0%
Properties Pending Sale .......................................
31
18
26
23
-25.8%
Properties For Sale ................................................
130
69
102
105
-19.2%
Days on Market (Pending Sale) ...........................
52
100
44
31
-40.4%
Month’s Supply of Inventory ................................
4.3
4.3
5.4
3.5
-19.2%
Percent Under Contract ........................................
23.8%
26.1%
25.5%
21.9%
-8.1%
Average Median Price for Last 12 Months ........
$808,457
$831,293
$855,833
$838,393
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.007
JUN JUL
$855,000
AUG SEP
MEDIAN SALES PRICE
OCT
$382
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 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 2017
telesproperties.com
Laguna Woods DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
0
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$196,417
n/a
n/a
n/a
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
No sales
AUG SEP
MEDIAN SALES PRICE
OCT
No sales
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
n/a 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 2017
telesproperties.com
Lantern Village in Dana Point DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$879,000
$949,500
$855,000
$1,072,500
22.0%
Average Price per Square Foot ...........................
$464
$361
$587
$468
0.9%
Properties Sold .......................................................
4
2
2
4
0.0%
Properties Pending Sale .......................................
2
1
8
2
0.0%
Properties For Sale ................................................
23
19
26
27
17.4%
Days on Market (Pending Sale) ...........................
33
15
51
36
9.1%
Month’s Supply of Inventory ................................
5.8
9.5
13
6.8
17.4%
Percent Under Contract ........................................
8.7%
5.3%
30.8%
7.4%
-14.8%
Average Median Price for Last 12 Months ........
$940,250
$1,071,083
$1,263,833
$958,385
1.9%
*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
$879
JUL
$1,072,500
AUG SEP
MEDIAN SALES PRICE
OCT
$468
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.072 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,625,000
$3,200,000
$2,700,000
$3,400,000
29.5%
Average Price per Square Foot ...........................
$1,089
$1,202
$1,306
$1,327
21.9%
Properties Sold .......................................................
9
7
7
3
-66.7%
Properties Pending Sale .......................................
8
5
6
2
-75.0%
Properties For Sale ................................................
35
29
29
36
2.9%
Days on Market (Pending Sale) ...........................
57
183
24
30
-47.4%
Month’s Supply of Inventory ................................
3.9
4.1
4.1
12
208.6%
Percent Under Contract ........................................
22.9%
17.2%
20.7%
5.6%
-75.7%
Average Median Price for Last 12 Months ........
$3,298,208
$3,316,525
$3,647,783
$3,269,550
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.625
JUL
$3,400,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,327
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Mission Viejo DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$700,000
$695,000
$711,000
$720,000
2.9%
Average Price per Square Foot ...........................
$358
$344
$371
$368
2.8%
Properties Sold .......................................................
110
62
99
106
-3.6%
Properties Pending Sale .......................................
99
54
92
107
8.1%
Properties For Sale ................................................
323
170
258
290
-10.2%
Days on Market (Pending Sale) ...........................
51
64
29
37
-27.5%
Month’s Supply of Inventory ................................
2.9
2.7
2.6
2.7
-6.8%
Percent Under Contract ........................................
30.7%
31.8%
35.7%
36.9%
20.4%
Average Median Price for Last 12 Months ........
$670,554
$727,408
$735,667
$710,150
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$700
JUL
$720,000
AUG SEP
MEDIAN SALES PRICE
OCT
$368
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 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 2017
telesproperties.com
Monarch Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,550,000
$1,485,000
$3,537,500
$1,610,000
3.9%
Average Price per Square Foot ...........................
$739
$942
$1,075
$775
4.9%
Properties Sold .......................................................
15
9
6
15
0.0%
Properties Pending Sale .......................................
10
4
14
16
60.0%
Properties For Sale ................................................
89
67
82
92
3.4%
Days on Market (Pending Sale) ...........................
112
156
98
94
-16.1%
Month’s Supply of Inventory ................................
5.9
7.4
13.7
6.1
3.4%
Percent Under Contract ........................................
11.2%
6.0%
17.1%
17.4%
54.8%
Average Median Price for Last 12 Months ........
$1,750,594
$1,789,583
$1,470,000
$1,776,567
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
$1.550
JUL
$1,610,000
AUG SEP
MEDIAN SALES PRICE
OCT
$775
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Nelle Gail DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,007,500
$819,000
$769,900
$862,500
-14.4%
Average Price per Square Foot ...........................
$363
$388
$331
$381
5.0%
Properties Sold .......................................................
30
16
17
28
-6.7%
Properties Pending Sale .......................................
30
17
25
23
-23.3%
Properties For Sale ................................................
122
66
100
105
-13.9%
Days on Market (Pending Sale) ...........................
52
105
41
31
-40.4%
Month’s Supply of Inventory ................................
4.1
4.1
5.9
3.8
-7.8%
Percent Under Contract ........................................
24.6%
25.8%
25.0%
21.9%
-10.9%
Average Median Price for Last 12 Months ........
$814,499
$861,538
$875,400
$854,868
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.007
JUN JUL
$862,500
AUG SEP
MEDIAN SALES PRICE
OCT
$381
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Newport Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,100,000
$2,155,000
$2,265,000
$2,125,000
1.2%
Average Price per Square Foot ...........................
$942
$916
$900
$913
-3.1%
Properties Sold .......................................................
52
57
46
62
19.2%
Properties Pending Sale .......................................
63
39
72
61
-3.2%
Properties For Sale ................................................
415
276
340
376
-9.4%
Days on Market (Pending Sale) ...........................
71
104
91
75
5.6%
Month’s Supply of Inventory ................................
8
4.8
7.4
6.1
-24.0%
Percent Under Contract ........................................
15.2%
14.1%
21.2%
16.2%
6.9%
Average Median Price for Last 12 Months ........
$1,958,046
$2,205,000
$2,208,333
$2,071,769
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$2.100
JUL
$2,125,000
AUG SEP
MEDIAN SALES PRICE
OCT
$913
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.125 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 2017
telesproperties.com
Newport Coast DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$3,160,000
$2,650,000
$3,015,000
$3,050,000
-3.5%
Average Price per Square Foot ...........................
$872
$1,112
$961
$1,042
19.5%
Properties Sold .......................................................
21
15
17
17
-19.0%
Properties Pending Sale .......................................
12
15
16
10
-16.7%
Properties For Sale ................................................
113
101
110
96
-15.0%
Days on Market (Pending Sale) ...........................
101
68
87
127
25.7%
Month’s Supply of Inventory ................................
5.4
6.7
6.5
5.6
4.9%
Percent Under Contract ........................................
10.6%
14.9%
14.5%
10.4%
-1.9%
Average Median Price for Last 12 Months ........
$2,848,714
$3,389,583
$3,444,167
$3,165,856
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
$3.160
JUL
$3,050,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,042
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Newport Heights DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,050,000
$1,520,000
$1,550,000
$2,586,500
26.2%
Average Price per Square Foot ...........................
$950
$670
$729
$594
-37.5%
Properties Sold .......................................................
4
2
6
4
0.0%
Properties Pending Sale .......................................
3
4
9
4
33.3%
Properties For Sale ................................................
50
27
37
44
-12.0%
Days on Market (Pending Sale) ...........................
112
142
136
137
22.3%
Month’s Supply of Inventory ................................
12.5
13.5
6.2
11
-12.0%
Percent Under Contract ........................................
6.0%
14.8%
24.3%
9.1%
51.5%
Average Median Price for Last 12 Months ........
$1,374,750
$2,189,083
$2,413,167
$2,082,510
51.5%
*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
$2.050
JUL
$2,586,500
AUG SEP
MEDIAN SALES PRICE
OCT
$594
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
11 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.586 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Rancho Santa Margarita DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$725,000
$725,000
$730,000
$825,000
13.8%
Average Price per Square Foot ...........................
$330
$336
$351
$344
4.2%
Properties Sold .......................................................
59
42
45
65
10.2%
Properties Pending Sale .......................................
47
27
56
52
10.6%
Properties For Sale ................................................
160
75
136
137
-14.4%
Days on Market (Pending Sale) ...........................
42
63
42
35
-16.7%
Month’s Supply of Inventory ................................
2.7
1.8
3
2.1
-22.3%
Percent Under Contract ........................................
29.4%
36.0%
41.2%
38.0%
29.2%
Average Median Price for Last 12 Months ........
$708,188
$747,250
$767,833
$737,385
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
$725
JUL
$825,000
AUG SEP
MEDIAN SALES PRICE
OCT
$344
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 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 2017
telesproperties.com
San Clemente DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,000,000
$965,000
$906,950
$972,500
-2.8%
Average Price per Square Foot ...........................
$400
$400
$399
$424
6.0%
Properties Sold .......................................................
71
65
66
74
4.2%
Properties Pending Sale .......................................
73
39
73
73
0.0%
Properties For Sale ................................................
384
212
293
319
-16.9%
Days on Market (Pending Sale) ...........................
69
80
80
44
-36.2%
Month’s Supply of Inventory ................................
5.4
3.3
4.4
4.3
-20.3%
Percent Under Contract ........................................
19.0%
18.4%
24.9%
22.9%
20.4%
Average Median Price for Last 12 Months ........
$930,062
$957,075
$1,010,167
$943,967
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
$1.000
JUL
$972,500
AUG SEP
MEDIAN SALES PRICE
OCT
$424
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$972 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Juan Capistrano DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,054,000
$973,000
$998,000
$1,300,000
23.3%
Average Price per Square Foot ...........................
$390
$387
$393
$382
-2.1%
Properties Sold .......................................................
46
37
33
35
-23.9%
Properties Pending Sale .......................................
35
28
46
49
40.0%
Properties For Sale ................................................
213
139
169
188
-11.7%
Days on Market (Pending Sale) ...........................
69
78
81
50
-27.5%
Month’s Supply of Inventory ................................
4.6
3.8
5.1
5.4
16.0%
Percent Under Contract ........................................
16.4%
20.1%
27.2%
26.1%
58.6%
Average Median Price for Last 12 Months ........
$948,105
$982,417
$1,114,667
$981,038
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.054
JUL
$1,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$382
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Shady Canyon DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,180,000
$2,124,000
$1,907,500
$1,585,000
-27.3%
Average Price per Square Foot ...........................
$654
$659
$666
$655
0.2%
Properties Sold .......................................................
15
10
14
11
-26.7%
Properties Pending Sale .......................................
18
14
14
13
-27.8%
Properties For Sale ................................................
105
90
89
96
-8.6%
Days on Market (Pending Sale) ...........................
110
102
83
59
-46.4%
Month’s Supply of Inventory ................................
7
9
6.4
8.7
24.7%
Percent Under Contract ........................................
17.1%
15.6%
15.7%
13.5%
-21.0%
Average Median Price for Last 12 Months ........
$2,129,142
$1,976,468
$2,123,770
$1,934,639
-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 $2.180
JUN JUL
$1,585,000
AUG SEP
MEDIAN SALES PRICE
OCT
$655
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Turtle Ridge DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,425,000
$2,248,000
$1,875,000
$2,300,000
-5.2%
Average Price per Square Foot ...........................
$662
$655
$686
$628
-5.1%
Properties Sold .......................................................
6
3
5
1
-83.3%
Properties Pending Sale .......................................
5
4
6
1
-80.0%
Properties For Sale ................................................
19
26
30
24
26.3%
Days on Market (Pending Sale) ...........................
74
64
78
83
12.2%
Month’s Supply of Inventory ................................
3.2
8.7
6
24
657.9%
Percent Under Contract ........................................
26.3%
15.4%
20.0%
4.2%
-84.2%
Average Median Price for Last 12 Months ........
$2,172,167
$2,127,718
$2,239,603
$2,326,497
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
$2.425
JUL
$2,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$628
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
24 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Turtle Rock DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,660,000
$1,915,000
$1,975,000
$1,585,000
-4.5%
Average Price per Square Foot ...........................
$655
$653
$665
$668
2.0%
Properties Sold .......................................................
9
8
8
9
0.0%
Properties Pending Sale .......................................
10
6
6
10
0.0%
Properties For Sale ................................................
72
53
49
54
-25.0%
Days on Market (Pending Sale) ...........................
111
135
84
85
-23.4%
Month’s Supply of Inventory ................................
8
6.6
6.1
6
-25.0%
Percent Under Contract ........................................
13.9%
11.3%
12.2%
18.5%
33.3%
Average Median Price for Last 12 Months ........
$1,809,425
$2,037,274
$2,359,549
$1,837,319
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
$1.660
JUL
$1,585,000
AUG SEP
MEDIAN SALES PRICE
OCT
$668
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Westminster DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$620,000
$592,000
$594,000
$638,000
2.9%
Average Price per Square Foot ...........................
$374
$404
$353
$365
-2.4%
Properties Sold .......................................................
34
40
32
43
26.5%
Properties Pending Sale .......................................
30
21
39
47
56.7%
Properties For Sale ................................................
85
60
78
94
10.6%
Days on Market (Pending Sale) ...........................
34
30
22
27
-20.6%
Month’s Supply of Inventory ................................
2.5
1.5
2.4
2.2
-12.6%
Percent Under Contract ........................................
35.3%
35.0%
50.0%
50.0%
41.7%
Average Median Price for Last 12 Months ........
$580,017
$629,083
$644,333
$619,577
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
$620
JUL
$638,000
AUG SEP
MEDIAN SALES PRICE
OCT
$365
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$638 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,201,500
$1,766,500
$1,776,000
$1,743,750
45.1%
Average Price per Square Foot ...........................
$596
$639
$745
$697
16.9%
Properties Sold .......................................................
5
11
13
14
180.0%
Properties Pending Sale .......................................
15
9
14
20
33.3%
Properties For Sale ................................................
81
49
55
67
-17.3%
Days on Market (Pending Sale) ...........................
92
115
62
61
-33.7%
Month’s Supply of Inventory ................................
16.2
4.5
4.2
4.8
-70.5%
Percent Under Contract ........................................
18.5%
18.4%
25.5%
29.9%
61.2%
Average Median Price for Last 12 Months ........
$1,604,208
$1,661,167
$1,755,417
$1,631,154
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
$1.201
JUL
$1,743,750
AUG SEP
MEDIAN SALES PRICE
OCT
$697
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.743 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West Newport - Lido DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,720,000
$2,972,500
$2,230,000
$3,875,000
125.3%
Average Price per Square Foot ...........................
$1,354
$1,438
$953
$1,545
14.1%
Properties Sold .......................................................
7
14
5
9
28.6%
Properties Pending Sale .......................................
11
6
12
9
-18.2%
Properties For Sale ................................................
64
53
60
63
-1.6%
Days on Market (Pending Sale) ...........................
61
58
171
116
90.2%
Month’s Supply of Inventory ................................
9.1
3.8
12
7
-23.4%
Percent Under Contract ........................................
17.2%
11.3%
20.0%
14.3%
-16.9%
Average Median Price for Last 12 Months ........
$2,364,208
$2,847,083
$3,050,000
$2,695,500
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
$1.720
JUL
$3,875,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,545
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : June 2017
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : June 2017
telesproperties.com
Carpinteria DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$910,000
$879,000
$1,147,000
$1,250,250
37.4%
Average Price per Square Foot ...........................
$850
$964
$873
$1,753
106.2%
Properties Sold .......................................................
13
7
15
10
-23.1%
Properties Pending Sale .......................................
9
4
7
7
-22.2%
Properties For Sale ................................................
41
34
41
39
-4.9%
Days on Market (Pending Sale) ...........................
58
58
13
51
-12.1%
Month’s Supply of Inventory ................................
3.2
4.9
2.7
3.9
23.7%
Percent Under Contract ........................................
22.0%
11.8%
17.1%
17.9%
-18.2%
Average Median Price for Last 12 Months ........
$1,030,279
$1,169,167
$1,182,833
$1,050,365
1.9%
*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
$910
JUL
$1,250,250
AUG SEP
MEDIAN SALES PRICE
OCT
$1,753
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 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 2017
telesproperties.com
Goleta DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$877,500
$818,250
$799,000
$870,000
-0.9%
Average Price per Square Foot ...........................
$492
$622
$557
$529
7.5%
Properties Sold .......................................................
13
14
7
15
15.4%
Properties Pending Sale .......................................
11
8
9
14
27.3%
Properties For Sale ................................................
45
34
36
38
-15.6%
Days on Market (Pending Sale) ...........................
44
72
36
34
-22.7%
Month’s Supply of Inventory ................................
3.5
2.4
5.1
2.5
-26.8%
Percent Under Contract ........................................
24.4%
23.5%
25.0%
36.8%
50.7%
Average Median Price for Last 12 Months ........
$823,187
$824,688
$828,167
$838,356
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 JUN
$877
JUL
$870,000
AUG SEP
MEDIAN SALES PRICE
OCT
$529
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 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 2017
telesproperties.com
Hope Ranch DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,750,000
$0
$3,350,000
$2,595,000
48.3%
Average Price per Square Foot ...........................
$867
$0
$784
$764
-11.9%
Properties Sold .......................................................
5
0
5
4
-20.0%
Properties Pending Sale .......................................
4
8
5
2
-50.0%
Properties For Sale ................................................
33
41
45
33
0.0%
Days on Market (Pending Sale) ...........................
90
186
105
228
153.3%
Month’s Supply of Inventory ................................
6.6
n/a
9
8.2
25.0%
Percent Under Contract ........................................
12.1%
19.5%
11.1%
6.1%
-50.0%
Average Median Price for Last 12 Months ........
$3,195,177
$2,532,260
$2,119,519
$2,719,672
-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
$1.750
JUL
$2,595,000
AUG SEP
MEDIAN SALES PRICE
OCT
$764
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Montecito DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$3,325,000
$2,810,000
$2,950,000
$4,200,000
26.3%
Average Price per Square Foot ...........................
$948
$843
$999
$1,043
10.0%
Properties Sold .......................................................
13
14
21
17
30.8%
Properties Pending Sale .......................................
10
14
14
14
40.0%
Properties For Sale ................................................
181
167
198
179
-1.1%
Days on Market (Pending Sale) ...........................
70
183
84
118
68.6%
Month’s Supply of Inventory ................................
13.9
11.9
9.4
10.5
-24.4%
Percent Under Contract ........................................
5.5%
8.4%
7.1%
7.8%
41.6%
Average Median Price for Last 12 Months ........
$2,950,417
$3,319,667
$3,268,333
$2,972,346
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
$3.325
JUL
$4,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,043
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
10.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.200 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 2017
telesproperties.com
Santa Barbara East of State DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,233,375
$1,334,329
$1,415,000
$1,442,000
16.9%
Average Price per Square Foot ...........................
$761
$584
$655
$676
-11.2%
Properties Sold .......................................................
33
28
29
42
27.3%
Properties Pending Sale .......................................
24
29
29
35
45.8%
Properties For Sale ................................................
154
122
124
138
-10.4%
Days on Market (Pending Sale) ...........................
53
87
43
40
-24.5%
Month’s Supply of Inventory ................................
4.7
4.4
4.3
3.3
-29.6%
Percent Under Contract ........................................
15.6%
23.8%
23.4%
25.4%
62.7%
Average Median Price for Last 12 Months ........
$1,266,031
$1,373,140
$1,292,333
$1,314,273
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.233
JUL
$1,442,000
AUG SEP
MEDIAN SALES PRICE
OCT
$676
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.442 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santa Barbara West of State DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$878,000
$1,269,500
$1,194,000
$1,183,500
34.8%
Average Price per Square Foot ...........................
$897
$749
$583
$663
-26.1%
Properties Sold .......................................................
13
16
14
22
69.2%
Properties Pending Sale .......................................
24
12
24
23
-4.2%
Properties For Sale ................................................
100
71
79
76
-24.0%
Days on Market (Pending Sale) ...........................
46
59
62
53
15.2%
Month’s Supply of Inventory ................................
7.7
4.4
5.6
3.5
-55.1%
Percent Under Contract ........................................
24.0%
16.9%
30.4%
30.3%
26.1%
Average Median Price for Last 12 Months ........
$1,056,485
$1,113,483
$1,115,333
$1,104,300
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
$878
JUL
$1,183,500
AUG SEP
MEDIAN SALES PRICE
OCT
$663
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.183 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santa Ynez DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$749,000
$740,540
$886,172
$783,000
4.5%
Average Price per Square Foot ...........................
$377
$335
$484
$440
16.7%
Properties Sold .......................................................
27
12
20
25
-7.4%
Properties Pending Sale .......................................
15
9
22
18
20.0%
Properties For Sale ................................................
153
129
144
167
9.2%
Days on Market (Pending Sale) ...........................
86
146
99
83
-3.5%
Month’s Supply of Inventory ................................
5.7
10.8
7.2
6.7
17.9%
Percent Under Contract ........................................
9.8%
7.0%
15.3%
10.8%
9.9%
Average Median Price for Last 12 Months ........
$749,333
$930,945
$969,333
$843,474
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
$749
JUL
$783,000
AUG SEP
MEDIAN SALES PRICE
OCT
$440
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$783 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : June 2017
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : June 2017
telesproperties.com
Carmel DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,747,500
$1,550,000
$1,600,000
$1,406,900
-19.5%
Average Price per Square Foot ...........................
$667
$786
$827
$891
33.6%
Properties Sold .......................................................
24
18
19
30
25.0%
Properties Pending Sale .......................................
19
20
25
22
15.8%
Properties For Sale ................................................
169
148
160
194
14.8%
Days on Market (Pending Sale) ...........................
101
134
95
45
-55.4%
Month’s Supply of Inventory ................................
7
8.2
8.4
6.5
-8.2%
Percent Under Contract ........................................
11.2%
13.5%
15.6%
11.3%
0.9%
Average Median Price for Last 12 Months ........
$1,453,292
$1,496,983
$1,507,300
$1,487,069
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.747
JUN JUL
$1,406,900
AUG SEP
MEDIAN SALES PRICE
OCT
$891
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.406 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Carmel Valley DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,377,500
$1,800,000
$997,000
$1,000,000
-27.4%
Average Price per Square Foot ...........................
$546
$507
$472
$518
-5.1%
Properties Sold .......................................................
20
5
7
10
-50.0%
Properties Pending Sale .......................................
14
4
14
12
-14.3%
Properties For Sale ................................................
73
59
55
69
-5.5%
Days on Market (Pending Sale) ...........................
77
41
122
64
-16.9%
Month’s Supply of Inventory ................................
3.6
11.8
7.9
6.9
89.0%
Percent Under Contract ........................................
19.2%
6.8%
25.5%
17.4%
-9.3%
Average Median Price for Last 12 Months ........
$933,483
$1,045,750
$1,095,833
$1,125,731
20.6%
*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 $1.377
JUN JUL
$1,000,000
AUG SEP
MEDIAN SALES PRICE
OCT
$518
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Marina DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$460,000
$499,500
$541,460
$561,250
22.0%
Average Price per Square Foot ...........................
$343
$330
$339
$321
-6.4%
Properties Sold .......................................................
13
10
14
20
53.8%
Properties Pending Sale .......................................
14
7
14
16
14.3%
Properties For Sale ................................................
30
27
35
51
70.0%
Days on Market (Pending Sale) ...........................
16
64
25
30
87.5%
Month’s Supply of Inventory ................................
2.3
2.7
2.5
2.6
10.5%
Percent Under Contract ........................................
46.7%
25.9%
40.0%
31.4%
-32.8%
Average Median Price for Last 12 Months ........
$464,871
$530,452
$535,750
$511,555
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$460
JUL
$561,250
AUG SEP
MEDIAN SALES PRICE
OCT
$321
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$561 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Monterey DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$705,000
$705,000
$815,000
$790,000
12.1%
Average Price per Square Foot ...........................
$481
$430
$430
$470
-2.3%
Properties Sold .......................................................
17
19
14
20
17.6%
Properties Pending Sale .......................................
19
12
23
27
42.1%
Properties For Sale ................................................
95
71
88
99
4.2%
Days on Market (Pending Sale) ...........................
69
85
51
43
-37.7%
Month’s Supply of Inventory ................................
5.6
3.7
6.3
5
-11.4%
Percent Under Contract ........................................
20.0%
16.9%
26.1%
27.3%
36.4%
Average Median Price for Last 12 Months ........
$721,438
$774,417
$790,000
$766,200
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$705
JUL
$790,000
AUG SEP
MEDIAN SALES PRICE
OCT
$470
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Pacific Grove DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$873,000
$875,000
$942,000
$899,000
3.0%
Average Price per Square Foot ...........................
$593
$497
$655
$602
1.5%
Properties Sold .......................................................
17
14
18
25
47.1%
Properties Pending Sale .......................................
17
7
18
18
5.9%
Properties For Sale ................................................
61
48
47
54
-11.5%
Days on Market (Pending Sale) ...........................
48
60
47
49
2.1%
Month’s Supply of Inventory ................................
3.6
3.4
2.6
2.2
-39.8%
Percent Under Contract ........................................
27.9%
14.6%
38.3%
33.3%
19.6%
Average Median Price for Last 12 Months ........
$840,250
$998,833
$961,333
$919,115
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$873
JUL
$899,000
AUG SEP
MEDIAN SALES PRICE
OCT
$602
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 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 2017
telesproperties.com
Pebble Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,333,000
$2,750,000
$1,156,500
$1,287,500
-3.4%
Average Price per Square Foot ...........................
$537
$1,151
$636
$526
-2.0%
Properties Sold .......................................................
9
9
6
14
55.6%
Properties Pending Sale .......................................
9
4
10
18
100.0%
Properties For Sale ................................................
85
75
88
104
22.4%
Days on Market (Pending Sale) ...........................
99
39
73
76
-23.2%
Month’s Supply of Inventory ................................
9.4
8.3
14.7
7.4
-21.3%
Percent Under Contract ........................................
10.6%
5.3%
11.4%
17.3%
63.5%
Average Median Price for Last 12 Months ........
$1,507,417
$1,506,083
$1,569,167
$1,690,115
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
$1.333
JUL
$1,287,500
AUG SEP
MEDIAN SALES PRICE
OCT
$526
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.287 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Salinas DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$482,000
$445,000
$475,000
$525,250
9.0%
Average Price per Square Foot ...........................
$270
$281
$288
$294
8.9%
Properties Sold .......................................................
78
58
53
64
-17.9%
Properties Pending Sale .......................................
68
36
59
70
2.9%
Properties For Sale ................................................
214
162
165
203
-5.1%
Days on Market (Pending Sale) ...........................
45
44
51
52
15.6%
Month’s Supply of Inventory ................................
2.7
2.8
3.1
3.2
15.6%
Percent Under Contract ........................................
31.8%
22.2%
35.8%
34.5%
8.5%
Average Median Price for Last 12 Months ........
$428,829
$491,875
$523,083
$477,212
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$482
JUL
$525,250
AUG SEP
MEDIAN SALES PRICE
OCT
$294
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Seaside DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$422,500
$440,000
$500,000
$540,000
27.8%
Average Price per Square Foot ...........................
$368
$347
$328
$339
-7.9%
Properties Sold .......................................................
18
17
11
27
50.0%
Properties Pending Sale .......................................
18
11
21
13
-27.8%
Properties For Sale ................................................
42
38
53
47
11.9%
Days on Market (Pending Sale) ...........................
37
57
37
27
-27.0%
Month’s Supply of Inventory ................................
2.3
2.2
4.8
1.7
-25.4%
Percent Under Contract ........................................
42.9%
28.9%
39.6%
27.7%
-35.5%
Average Median Price for Last 12 Months ........
$438,800
$501,750
$504,167
$480,038
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$422
JUL
$540,000
AUG SEP
MEDIAN SALES PRICE
OCT
$339
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 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 2017
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : June 2017
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : June 2017
telesproperties.com
San Diego County DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$565,000
$573,000
$575,030
$618,000
9.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2336
1831
2088
2460
5.3%
Properties Pending Sale .......................................
2443
1603
2487
2432
-0.5%
Properties For Sale ................................................
8,510
5,937
6,696
7,386
-13.2%
Days on Market (Pending Sale) ...........................
41
55
38
35
-14.6%
Month’s Supply of Inventory ................................
3.6
3.2
3.2
3
-17.6%
Percent Under Contract ........................................
28.7%
27.0%
37.1%
32.9%
14.7%
Average Median Price for Last 12 Months ........
$542,708
$587,580
$609,650
$577,152
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$565
JUL
$618,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$618 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$730,000
$715,000
$849,000
$782,000
7.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
6
11
18
157.1%
Properties Pending Sale .......................................
13
5
10
13
0.0%
Properties For Sale ................................................
37
21
27
29
-21.6%
Days on Market (Pending Sale) ...........................
29
58
24
53
82.8%
Month’s Supply of Inventory ................................
5.3
3.5
2.5
1.6
-69.5%
Percent Under Contract ........................................
35.1%
23.8%
37.0%
44.8%
27.6%
Average Median Price for Last 12 Months ........
$710,583
$773,250
$775,667
$765,335
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
$730
JUL
$782,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Carlsbad DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$929,500
$866,000
$909,000
$983,000
5.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
84
89
99
130
54.8%
Properties Pending Sale .......................................
93
70
115
102
9.7%
Properties For Sale ................................................
368
247
312
314
-14.7%
Days on Market (Pending Sale) ...........................
33
63
41
26
-21.2%
Month’s Supply of Inventory ................................
4.4
2.8
3.2
2.4
-44.9%
Percent Under Contract ........................................
25.3%
28.3%
36.9%
32.5%
28.5%
Average Median Price for Last 12 Months ........
$847,392
$930,000
$977,667
$900,000
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$929
JUL
$983,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$983 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Carmel Valley DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,144,000
$1,020,000
$1,245,000
$1,201,000
5.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
65
37
45
55
-15.4%
Properties Pending Sale .......................................
53
36
45
43
-18.9%
Properties For Sale ................................................
222
121
148
148
-33.3%
Days on Market (Pending Sale) ...........................
35
45
27
31
-11.4%
Month’s Supply of Inventory ................................
3.4
3.3
3.3
2.7
-21.2%
Percent Under Contract ........................................
23.9%
29.8%
30.4%
29.1%
21.7%
Average Median Price for Last 12 Months ........
$1,120,454
$1,242,833
$1,197,333
$1,190,769
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.144
JUL
$1,201,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.201 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Chula Vista DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$509,900
$519,876
$544,000
$557,500
9.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
175
131
137
160
-8.6%
Properties Pending Sale .......................................
184
144
178
181
-1.6%
Properties For Sale ................................................
460
360
423
445
-3.3%
Days on Market (Pending Sale) ...........................
39
48
29
32
-17.9%
Month’s Supply of Inventory ................................
2.6
2.7
3.1
2.8
5.8%
Percent Under Contract ........................................
40.0%
40.0%
42.1%
40.7%
1.7%
Average Median Price for Last 12 Months ........
$493,765
$527,525
$535,800
$520,821
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$509
JUL
$557,500
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$557 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$595,000
$670,000
$655,000
$665,000
11.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
41
29
31
45
9.8%
Properties Pending Sale .......................................
41
27
42
46
12.2%
Properties For Sale ................................................
99
56
78
102
3.0%
Days on Market (Pending Sale) ...........................
26
27
15
27
3.8%
Month’s Supply of Inventory ................................
2.4
1.9
2.5
2.3
-6.1%
Percent Under Contract ........................................
41.4%
48.2%
53.8%
45.1%
8.9%
Average Median Price for Last 12 Months ........
$565,529
$634,708
$654,500
$615,362
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
$595
JUL
$665,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Coronado DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,776,750
$1,487,500
$1,790,000
$1,535,000
-13.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
16
16
13
17
6.2%
Properties Pending Sale .......................................
14
13
15
24
71.4%
Properties For Sale ................................................
136
118
117
121
-11.0%
Days on Market (Pending Sale) ...........................
111
93
95
101
-9.0%
Month’s Supply of Inventory ................................
8.5
7.4
9
7.1
-16.3%
Percent Under Contract ........................................
10.3%
11.0%
12.8%
19.8%
92.7%
Average Median Price for Last 12 Months ........
$1,720,149
$1,691,667
$1,661,667
$1,711,962
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.776
JUL
$1,535,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Del Mar DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$2,250,000
$1,932,500
$1,380,000
$1,735,000
-22.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
16
8
10
16
0.0%
Properties Pending Sale .......................................
12
8
13
9
-25.0%
Properties For Sale ................................................
95
72
88
103
8.4%
Days on Market (Pending Sale) ...........................
32
86
323
41
28.1%
Month’s Supply of Inventory ................................
5.9
9
8.8
6.4
8.4%
Percent Under Contract ........................................
12.6%
11.1%
14.8%
8.7%
-30.8%
Average Median Price for Last 12 Months ........
$1,883,073
$1,773,333
$1,973,333
$1,793,115
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.250
JUN JUL
$1,735,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
El Cajon DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$520,000
$462,000
$490,000
$524,750
0.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
111
95
108
134
20.7%
Properties Pending Sale .......................................
117
73
137
109
-6.8%
Properties For Sale ................................................
366
283
300
304
-16.9%
Days on Market (Pending Sale) ...........................
43
44
40
21
-51.2%
Month’s Supply of Inventory ................................
3.3
3
2.8
2.3
-31.2%
Percent Under Contract ........................................
32.0%
25.8%
45.7%
35.9%
12.2%
Average Median Price for Last 12 Months ........
$463,225
$501,208
$520,750
$495,524
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
$520
JUL
$524,750
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$524 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Encinitas DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,165,000
$1,270,722
$1,012,500
$1,337,500
14.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
49
41
34
43
-12.2%
Properties Pending Sale .......................................
46
31
46
39
-15.2%
Properties For Sale ................................................
185
122
155
160
-13.5%
Days on Market (Pending Sale) ...........................
48
56
29
25
-47.9%
Month’s Supply of Inventory ................................
3.8
3
4.6
3.7
-1.4%
Percent Under Contract ........................................
24.9%
25.4%
29.7%
24.4%
-2.0%
Average Median Price for Last 12 Months ........
$1,083,900
$1,181,242
$1,245,817
$1,204,206
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.165
JUL
$1,337,500
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.337 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Escondido DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$500,000
$510,000
$539,500
$525,000
5.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
150
120
140
171
14.0%
Properties Pending Sale .......................................
173
121
186
170
-1.7%
Properties For Sale ................................................
584
389
463
524
-10.3%
Days on Market (Pending Sale) ...........................
41
59
36
37
-9.8%
Month’s Supply of Inventory ................................
3.9
3.2
3.3
3.1
-21.3%
Percent Under Contract ........................................
29.6%
31.1%
40.2%
32.4%
9.5%
Average Median Price for Last 12 Months ........
$478,759
$531,167
$540,833
$516,462
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
$500
JUL
$525,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Imperial-Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$485,000
$497,500
$559,000
$600,000
23.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
11
12
9
-25.0%
Properties Pending Sale .......................................
12
3
15
19
58.3%
Properties For Sale ................................................
38
36
40
49
28.9%
Days on Market (Pending Sale) ...........................
13
25
32
50
284.6%
Month’s Supply of Inventory ................................
3.2
3.3
3.3
5.4
71.9%
Percent Under Contract ........................................
31.6%
8.3%
37.5%
38.8%
22.8%
Average Median Price for Last 12 Months ........
$448,083
$566,061
$590,139
$544,913
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
$485
JUL
$600,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
La Jolla DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,803,500
$1,815,000
$1,625,000
$2,188,000
21.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
34
25
25
44
29.4%
Properties Pending Sale .......................................
35
18
34
24
-31.4%
Properties For Sale ................................................
296
208
235
248
-16.2%
Days on Market (Pending Sale) ...........................
66
105
48
54
-18.2%
Month’s Supply of Inventory ................................
8.7
8.3
9.4
5.6
-35.3%
Percent Under Contract ........................................
11.8%
8.7%
14.5%
9.7%
-18.2%
Average Median Price for Last 12 Months ........
$1,945,109
$2,092,167
$2,281,000
$1,988,385
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.803
JUL
$2,188,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.188 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
La Mesa DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$529,000
$530,000
$534,500
$580,000
9.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
73
55
56
64
-12.3%
Properties Pending Sale .......................................
72
45
69
69
-4.2%
Properties For Sale ................................................
213
153
167
178
-16.4%
Days on Market (Pending Sale) ...........................
29
46
21
31
6.9%
Month’s Supply of Inventory ................................
3
3.4
2.4
2.8
-6.0%
Percent Under Contract ........................................
33.8%
29.4%
41.3%
38.8%
14.7%
Average Median Price for Last 12 Months ........
$492,122
$551,500
$564,333
$538,000
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
$529
JUL
$580,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 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 2017
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$544,500
$575,000
$587,500
$599,900
10.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
17
19
19
-13.6%
Properties Pending Sale .......................................
21
17
20
20
-4.8%
Properties For Sale ................................................
44
26
30
32
-27.3%
Days on Market (Pending Sale) ...........................
22
30
13
20
-9.1%
Month’s Supply of Inventory ................................
2.1
1.5
1.5
1.7
-19.6%
Percent Under Contract ........................................
47.7%
65.4%
66.7%
62.5%
31.0%
Average Median Price for Last 12 Months ........
$529,958
$573,567
$576,300
$559,800
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$544
JUL
$599,900
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Lemon Grove DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$412,500
$429,500
$447,500
$440,000
6.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
20
20
17
-22.7%
Properties Pending Sale .......................................
21
17
23
23
9.5%
Properties For Sale ................................................
54
38
46
53
-1.9%
Days on Market (Pending Sale) ...........................
23
31
40
49
113.0%
Month’s Supply of Inventory ................................
2.6
2.2
2
3.1
21.2%
Percent Under Contract ........................................
38.9%
44.7%
50.0%
43.4%
11.6%
Average Median Price for Last 12 Months ........
$389,688
$430,958
$432,500
$425,596
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$412
JUL
$440,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
National City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$384,000
$350,000
$420,000
$400,000
4.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
18
16
18
9
-50.0%
Properties Pending Sale .......................................
18
14
15
24
33.3%
Properties For Sale ................................................
47
46
42
58
23.4%
Days on Market (Pending Sale) ...........................
84
32
61
27
-67.9%
Month’s Supply of Inventory ................................
2.6
3.3
2.8
6.4
146.8%
Percent Under Contract ........................................
38.3%
30.4%
35.7%
41.4%
8.0%
Average Median Price for Last 12 Months ........
$356,042
$393,500
$385,333
$386,096
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$384
JUL
$400,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Oceanside DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$500,000
$498,500
$530,000
$550,000
10.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
145
106
138
151
4.1%
Properties Pending Sale .......................................
172
95
162
155
-9.9%
Properties For Sale ................................................
415
238
327
391
-5.8%
Days on Market (Pending Sale) ...........................
30
44
30
27
-10.0%
Month’s Supply of Inventory ................................
2.9
2.2
2.4
2.6
-9.5%
Percent Under Contract ........................................
41.4%
39.9%
49.5%
39.6%
-4.4%
Average Median Price for Last 12 Months ........
$976,500
$530,000
$543,333
$519,038
-88.1%
*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
$500
JUL
$550,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 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 2017
telesproperties.com
Poway DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$745,000
$640,000
$705,000
$680,000
-8.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
61
47
38
60
-1.6%
Properties Pending Sale .......................................
52
28
48
67
28.8%
Properties For Sale ................................................
208
114
158
179
-13.9%
Days on Market (Pending Sale) ...........................
43
60
27
40
-7.0%
Month’s Supply of Inventory ................................
3.4
2.4
4.2
3
-12.5%
Percent Under Contract ........................................
25.0%
24.6%
30.4%
37.4%
49.7%
Average Median Price for Last 12 Months ........
$652,646
$733,758
$772,583
$701,062
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
$745
JUL
$680,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$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 2017
telesproperties.com
Rancho Bernardo DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$777,000
$767,250
$787,000
$878,000
13.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
123
68
111
113
-8.1%
Properties Pending Sale .......................................
111
64
121
115
3.6%
Properties For Sale ................................................
449
235
285
306
-31.8%
Days on Market (Pending Sale) ...........................
34
51
30
37
8.8%
Month’s Supply of Inventory ................................
4.2
4.3
5
2.7
-35.9%
Percent Under Contract ........................................
24.7%
27.2%
42.5%
37.6%
52.0%
Average Median Price for Last 12 Months ........
$726,896
$814,625
$859,917
$779,372
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$777
JUL
$878,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$878 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Marcos DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$650,000
$592,500
$634,500
$670,000
3.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
89
66
75
87
-2.2%
Properties Pending Sale .......................................
93
57
91
79
-15.1%
Properties For Sale ................................................
223
131
165
191
-14.3%
Days on Market (Pending Sale) ...........................
41
60
36
33
-19.5%
Month’s Supply of Inventory ................................
2.5
2
2.2
2.2
-12.4%
Percent Under Contract ........................................
41.7%
43.5%
55.2%
41.4%
-0.8%
Average Median Price for Last 12 Months ........
$569,988
$647,708
$642,583
$629,265
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$650
JUL
$670,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
San Diego DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$581,000
$623,000
$640,000
$655,444
12.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
70
52
61
82
17.1%
Properties Pending Sale .......................................
75
49
72
79
5.3%
Properties For Sale ................................................
180
103
135
163
-9.4%
Days on Market (Pending Sale) ...........................
25
31
16
30
20.0%
Month’s Supply of Inventory ................................
2.6
2
2.2
2
-22.7%
Percent Under Contract ........................................
41.7%
47.6%
53.3%
48.5%
16.3%
Average Median Price for Last 12 Months ........
$564,267
$620,116
$630,981
$603,584
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
$581
JUL
$655,444
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santee DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$481,500
$496,500
$496,000
$517,500
7.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
42
38
35
37
-11.9%
Properties Pending Sale .......................................
58
29
39
46
-20.7%
Properties For Sale ................................................
118
74
79
94
-20.3%
Days on Market (Pending Sale) ...........................
33
29
18
29
-12.1%
Month’s Supply of Inventory ................................
2.8
1.9
2.3
2.5
-9.6%
Percent Under Contract ........................................
49.2%
39.2%
49.4%
48.9%
-0.4%
Average Median Price for Last 12 Months ........
$456,900
$490,583
$501,667
$482,915
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
$481
JUL
$517,500
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$517 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Solana Beach DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,465,000
$3,050,000
$1,160,000
$1,362,500
-7.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
7
5
8
14.3%
Properties Pending Sale .......................................
3
5
10
10
233.3%
Properties For Sale ................................................
32
21
30
39
21.9%
Days on Market (Pending Sale) ...........................
33
66
29
55
66.7%
Month’s Supply of Inventory ................................
4.6
3
6
4.9
6.6%
Percent Under Contract ........................................
9.4%
23.8%
33.3%
25.6%
173.5%
Average Median Price for Last 12 Months ........
$1,366,417
$1,474,167
$1,578,333
$1,564,769
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
$1.465
JUL
$1,362,500
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.362 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Spring Valley DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$422,000
$439,950
$435,000
$476,750
13.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
55
50
61
62
12.7%
Properties Pending Sale .......................................
56
45
60
61
8.9%
Properties For Sale ................................................
156
157
133
139
-10.9%
Days on Market (Pending Sale) ...........................
30
36
30
24
-20.0%
Month’s Supply of Inventory ................................
2.8
3.1
2.2
2.2
-21.0%
Percent Under Contract ........................................
35.9%
28.7%
45.1%
43.9%
22.3%
Average Median Price for Last 12 Months ........
$406,121
$448,375
$458,083
$439,515
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
$422
JUL
$476,750
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$476 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Vista DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$472,500
$487,500
$524,000
$538,000
13.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
79
92
87
79
0.0%
Properties Pending Sale .......................................
94
67
96
78
-17.0%
Properties For Sale ................................................
323
202
226
250
-22.6%
Days on Market (Pending Sale) ...........................
40
47
29
34
-15.0%
Month’s Supply of Inventory ................................
4.1
2.2
2.6
3.2
-22.6%
Percent Under Contract ........................................
29.1%
33.2%
42.5%
31.2%
7.2%
Average Median Price for Last 12 Months ........
$475,520
$515,917
$525,833
$502,019
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$472
JUL
$538,000
AUG SEP
MEDIAN SALES PRICE
OCT
n/a
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 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 2017
telesproperties.com
Riverside County
Bermuda Dunes
La Quinta
Cathedral City
Palm Desert
Coachella
Palm Springs
Desert Hot Springs
Rancho Mirage
Indian Wells
Thousand Palms
Indio
Micro Market Report : June 2017
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : June 2017
telesproperties.com
Bermuda Dunes DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$0
$0
$1,300,000
$267,000
n/a
Average Price per Square Foot ...........................
$0
$0
$285
$167
n/a
Properties Sold .......................................................
0
0
1
2
n/a
Properties Pending Sale .......................................
1
0
5
2
100.0%
Properties For Sale ................................................
16
12
16
12
-25.0%
Days on Market (Pending Sale) ...........................
118
0
48
185
56.8%
Month’s Supply of Inventory ................................
n/a
n/a
16
6
n/a
Percent Under Contract ........................................
6.2%
0.0%
31.2%
16.7%
166.7%
Average Median Price for Last 12 Months ........
$200,324
$542,375
$289,833
$450,111
55.5%
*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
$267,000
AUG SEP
MEDIAN SALES PRICE
OCT
$167
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$267 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Cathedral City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$275,000
$304,950
$282,000
$305,000
10.9%
Average Price per Square Foot ...........................
$164
$170
$181
$202
23.2%
Properties Sold .......................................................
27
24
18
27
0.0%
Properties Pending Sale .......................................
29
17
38
35
20.7%
Properties For Sale ................................................
148
106
131
120
-18.9%
Days on Market (Pending Sale) ...........................
79
94
60
49
-38.0%
Month’s Supply of Inventory ................................
5.5
4.4
7.3
4.4
-18.9%
Percent Under Contract ........................................
19.6%
16.0%
29.0%
29.2%
48.9%
Average Median Price for Last 12 Months ........
$275,417
$284,367
$285,667
$281,531
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$275
JUL
$305,000
AUG SEP
MEDIAN SALES PRICE
OCT
$202
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$305 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Coachella DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$215,000
$240,000
$215,000
$247,450
15.1%
Average Price per Square Foot ...........................
$143
$130
$87
$140
-2.1%
Properties Sold .......................................................
5
5
1
4
-20.0%
Properties Pending Sale .......................................
3
3
4
4
33.3%
Properties For Sale ................................................
11
9
14
12
9.1%
Days on Market (Pending Sale) ...........................
37
49
96
44
18.9%
Month’s Supply of Inventory ................................
2.2
1.8
14
3
36.4%
Percent Under Contract ........................................
27.3%
33.3%
28.6%
33.3%
22.2%
Average Median Price for Last 12 Months ........
$223,510
$203,658
$231,983
$212,727
-5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$215
JUL
$247,450
AUG SEP
MEDIAN SALES PRICE
OCT
$140
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$247 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Desert Hot Springs DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$171,235
$185,000
$193,000
$199,000
16.2%
Average Price per Square Foot ...........................
$108
$122
$133
$130
20.4%
Properties Sold .......................................................
29
19
23
31
6.9%
Properties Pending Sale .......................................
32
18
38
22
-31.2%
Properties For Sale ................................................
182
146
168
178
-2.2%
Days on Market (Pending Sale) ...........................
94
60
86
50
-46.8%
Month’s Supply of Inventory ................................
6.3
7.7
7.3
5.7
-8.5%
Percent Under Contract ........................................
17.6%
12.3%
22.6%
12.4%
-29.7%
Average Median Price for Last 12 Months ........
$166,657
$187,733
$196,150
$183,307
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
$171
JUL
$199,000
AUG SEP
MEDIAN SALES PRICE
OCT
$130
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$199 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Indian Wells DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$875,000
$581,250
$0
$1,675,000
91.4%
Average Price per Square Foot ...........................
$217
$231
$0
$362
66.8%
Properties Sold .......................................................
3
2
0
1
-66.7%
Properties Pending Sale .......................................
2
0
2
1
-50.0%
Properties For Sale ................................................
17
15
26
13
-23.5%
Days on Market (Pending Sale) ...........................
195
0
24
14
-92.8%
Month’s Supply of Inventory ................................
5.7
7.5
n/a
13
129.4%
Percent Under Contract ........................................
11.8%
0.0%
7.7%
7.7%
-34.6%
Average Median Price for Last 12 Months ........
$622,098
$864,300
$922,500
$802,886
22.5%
*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
$875
JUL
$1,675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$362
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
13 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.675 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 2017
telesproperties.com
Indio DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$235,000
$246,000
$300,000
$285,500
21.5%
Average Price per Square Foot ...........................
$134
$132
$149
$141
5.2%
Properties Sold .......................................................
17
15
25
24
41.2%
Properties Pending Sale .......................................
13
9
19
23
76.9%
Properties For Sale ................................................
79
88
98
91
15.2%
Days on Market (Pending Sale) ...........................
67
120
48
36
-46.3%
Month’s Supply of Inventory ................................
4.6
5.9
3.9
3.8
-18.4%
Percent Under Contract ........................................
16.5%
10.2%
19.4%
25.3%
53.6%
Average Median Price for Last 12 Months ........
$287,899
$282,963
$284,333
$266,512
-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
$235
JUL
$285,500
AUG SEP
MEDIAN SALES PRICE
OCT
$141
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$285 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
La Quinta DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$262,500
$505,000
$485,000
$366,000
39.4%
Average Price per Square Foot ...........................
$176
$246
$224
$206
17.0%
Properties Sold .......................................................
10
10
11
16
60.0%
Properties Pending Sale .......................................
11
7
18
16
45.5%
Properties For Sale ................................................
100
106
113
88
-12.0%
Days on Market (Pending Sale) ...........................
91
123
72
96
5.5%
Month’s Supply of Inventory ................................
10
10.6
10.3
5.5
-45.0%
Percent Under Contract ........................................
11.0%
6.6%
15.9%
18.2%
65.3%
Average Median Price for Last 12 Months ........
$313,356
$371,417
$349,500
$351,398
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
$262
JUL
$366,000
AUG SEP
MEDIAN SALES PRICE
OCT
$206
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$366 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Palm Desert DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$459,517
$259,900
$315,000
$349,500
-23.9%
Average Price per Square Foot ...........................
$187
$186
$190
$213
13.9%
Properties Sold .......................................................
23
11
23
16
-30.4%
Properties Pending Sale .......................................
18
7
18
17
-5.6%
Properties For Sale ................................................
116
80
106
91
-21.6%
Days on Market (Pending Sale) ...........................
142
59
72
83
-41.5%
Month’s Supply of Inventory ................................
5
7.3
4.6
5.7
12.8%
Percent Under Contract ........................................
15.5%
8.8%
17.0%
18.7%
20.4%
Average Median Price for Last 12 Months ........
$459,272
$343,167
$366,333
$348,278
-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 $459
JUN JUL
$349,500
AUG SEP
MEDIAN SALES PRICE
OCT
$213
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$349 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Palm Springs DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$597,500
$621,000
$617,450
$605,000
1.3%
Average Price per Square Foot ...........................
$316
$305
$311
$334
5.7%
Properties Sold .......................................................
84
59
80
93
10.7%
Properties Pending Sale .......................................
77
53
100
75
-2.6%
Properties For Sale ................................................
502
446
489
399
-20.5%
Days on Market (Pending Sale) ...........................
98
87
86
80
-18.4%
Month’s Supply of Inventory ................................
6
7.6
6.1
4.3
-28.2%
Percent Under Contract ........................................
15.3%
11.9%
20.4%
18.8%
22.5%
Average Median Price for Last 12 Months ........
$559,667
$591,242
$598,333
$588,535
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$597
JUL
$605,000
AUG SEP
MEDIAN SALES PRICE
OCT
$334
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$605 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Rancho Mirage DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$670,000
$449,000
$650,000
$627,500
-6.3%
Average Price per Square Foot ...........................
$291
$192
$223
$221
-24.1%
Properties Sold .......................................................
13
5
21
14
7.7%
Properties Pending Sale .......................................
11
4
25
18
63.6%
Properties For Sale ................................................
130
133
179
129
-0.8%
Days on Market (Pending Sale) ...........................
101
112
79
161
59.4%
Month’s Supply of Inventory ................................
10
26.6
8.5
9.2
-7.9%
Percent Under Contract ........................................
8.5%
3.0%
14.0%
14.0%
64.9%
Average Median Price for Last 12 Months ........
$555,469
$572,500
$580,833
$531,615
-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
$670
JUL
$627,500
AUG SEP
MEDIAN SALES PRICE
OCT
$221
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$627 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Thousand Palms DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$209,000
$0
$234,950
$63,140
-69.8%
Average Price per Square Foot ...........................
$166
$0
$132
$57
-65.7%
Properties Sold .......................................................
2
0
4
2
0.0%
Properties Pending Sale .......................................
1
1
0
6
500.0%
Properties For Sale ................................................
5
7
6
17
240.0%
Days on Market (Pending Sale) ...........................
16
49
0
67
318.8%
Month’s Supply of Inventory ................................
5
7
n/a
8.5
70.0%
Percent Under Contract ........................................
20.0%
14.3%
0.0%
35.3%
76.5%
Average Median Price for Last 12 Months ........
$73,625
$144,308
$84,380
$155,281
52.6%
*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 $209
JUN JUL
$63,140
AUG SEP
MEDIAN SALES PRICE
OCT
$57
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$63 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : June 2017
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : June 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$744,500
$835,000
$700,000
$675,000
-9.3%
Average Price per Square Foot ...........................
$577
$569
$595
$576
-0.2%
Properties Sold .......................................................
14
5
9
9
-35.7%
Properties Pending Sale .......................................
7
6
9
7
0.0%
Properties For Sale ................................................
35
25
33
33
-5.7%
Days on Market (Pending Sale) ...........................
13
86
30
30
130.8%
Month’s Supply of Inventory ................................
2.5
5
3.7
3.7
46.7%
Percent Under Contract ........................................
20.0%
24.0%
27.3%
21.2%
6.1%
Average Median Price for Last 12 Months ........
$709,141
$705,417
$730,500
$747,769
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
$744
JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$576
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 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 2017
telesproperties.com
Beverly Hills DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$1,250,000
$1,365,000
$1,655,750
$1,074,500
-14.0%
Average Price per Square Foot ...........................
$677
$699
$801
$716
5.8%
Properties Sold .......................................................
11
8
12
10
-9.1%
Properties Pending Sale .......................................
10
7
17
9
-10.0%
Properties For Sale ................................................
54
43
59
68
25.9%
Days on Market (Pending Sale) ...........................
53
50
62
60
13.2%
Month’s Supply of Inventory ................................
4.9
5.4
4.9
6.8
38.5%
Percent Under Contract ........................................
18.5%
16.3%
28.8%
13.2%
-28.5%
Average Median Price for Last 12 Months ........
$1,204,083
$1,289,917
$1,350,000
$1,275,453
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$1.250
JUL
$1,074,500
AUG SEP
MEDIAN SALES PRICE
OCT
$716
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.074 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Brentwood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$760,000
$826,000
$865,000
$1,080,500
42.2%
Average Price per Square Foot ...........................
$585
$572
$590
$658
12.5%
Properties Sold .......................................................
15
10
13
19
26.7%
Properties Pending Sale .......................................
15
11
18
17
13.3%
Properties For Sale ................................................
61
42
67
54
-11.5%
Days on Market (Pending Sale) ...........................
25
46
28
19
-24.0%
Month’s Supply of Inventory ................................
4.1
4.2
5.2
2.8
-30.1%
Percent Under Contract ........................................
24.6%
26.2%
26.9%
31.5%
28.0%
Average Median Price for Last 12 Months ........
$810,458
$927,342
$976,833
$864,427
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$760
JUL
$1,080,500
AUG SEP
MEDIAN SALES PRICE
OCT
$658
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.080 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Culver City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$465,000
$508,425
$497,500
$485,500
4.4%
Average Price per Square Foot ...........................
$462
$512
$517
$534
15.6%
Properties Sold .......................................................
18
12
18
10
-44.4%
Properties Pending Sale .......................................
16
6
17
18
12.5%
Properties For Sale ................................................
33
20
29
33
0.0%
Days on Market (Pending Sale) ...........................
20
24
18
15
-25.0%
Month’s Supply of Inventory ................................
1.8
1.7
1.6
3.3
80.0%
Percent Under Contract ........................................
48.5%
30.0%
58.6%
54.5%
12.5%
Average Median Price for Last 12 Months ........
$442,958
$488,625
$502,667
$487,467
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$465
JUL
$485,500
AUG SEP
MEDIAN SALES PRICE
OCT
$534
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Downtown DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$670,000
$615,000
$645,250
$617,500
-7.8%
Average Price per Square Foot ...........................
$689
$621
$669
$786
14.1%
Properties Sold .......................................................
29
28
36
42
44.8%
Properties Pending Sale .......................................
53
31
46
47
-11.3%
Properties For Sale ................................................
246
208
224
249
1.2%
Days on Market (Pending Sale) ...........................
49
50
51
46
-6.1%
Month’s Supply of Inventory ................................
8.5
7.4
6.2
5.9
-30.1%
Percent Under Contract ........................................
21.5%
14.9%
20.5%
18.9%
-12.4%
Average Median Price for Last 12 Months ........
$583,171
$584,208
$589,000
$586,269
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$670
JUL
$617,500
AUG SEP
MEDIAN SALES PRICE
OCT
$786
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Encino DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$295,000
$389,000
$310,000
$338,000
14.6%
Average Price per Square Foot ...........................
$330
$290
$338
$334
1.2%
Properties Sold .......................................................
14
17
15
22
57.1%
Properties Pending Sale .......................................
13
22
21
17
30.8%
Properties For Sale ................................................
26
22
19
29
11.5%
Days on Market (Pending Sale) ...........................
41
56
57
30
-26.8%
Month’s Supply of Inventory ................................
1.9
1.3
1.3
1.3
-29.0%
Percent Under Contract ........................................
50.0%
100.0%
110.5%
58.6%
17.2%
Average Median Price for Last 12 Months ........
$323,583
$344,333
$348,667
$360,308
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$295
JUL
$338,000
AUG SEP
MEDIAN SALES PRICE
OCT
$334
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$338 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Malibu DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$925,000
$0
$925,000
$895,000
-3.2%
Average Price per Square Foot ...........................
$938
$0
$473
$803
-14.4%
Properties Sold .......................................................
1
0
2
3
200.0%
Properties Pending Sale .......................................
4
0
5
3
-25.0%
Properties For Sale ................................................
18
19
26
19
5.6%
Days on Market (Pending Sale) ...........................
32
0
53
24
-25.0%
Month’s Supply of Inventory ................................
18
n/a
13
6.3
-64.8%
Percent Under Contract ........................................
22.2%
0.0%
19.2%
15.8%
-28.9%
Average Median Price for Last 12 Months ........
$903,579
$947,800
$888,000
$1,146,275
26.9%
*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
$925
JUL
$895,000
AUG SEP
MEDIAN SALES PRICE
OCT
$803
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.3 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 2017
telesproperties.com
Marina Del Rey DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$865,000
$795,000
$884,000
$878,900
1.6%
Average Price per Square Foot ...........................
$626
$758
$610
$700
11.8%
Properties Sold .......................................................
25
21
36
20
-20.0%
Properties Pending Sale .......................................
27
20
28
20
-25.9%
Properties For Sale ................................................
96
82
89
93
-3.1%
Days on Market (Pending Sale) ...........................
47
60
36
56
19.1%
Month’s Supply of Inventory ................................
3.8
3.9
2.5
4.6
21.1%
Percent Under Contract ........................................
28.1%
24.4%
31.5%
21.5%
-23.5%
Average Median Price for Last 12 Months ........
$859,851
$898,023
$893,213
$903,588
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$865
JUL
$878,900
AUG SEP
MEDIAN SALES PRICE
OCT
$700
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$878 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Santa Monica DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$950,000
$965,000
$810,000
$1,075,000
13.2%
Average Price per Square Foot ...........................
$899
$1,036
$877
$1,039
15.6%
Properties Sold .......................................................
27
17
21
29
7.4%
Properties Pending Sale .......................................
32
15
27
20
-37.5%
Properties For Sale ................................................
114
78
83
81
-28.9%
Days on Market (Pending Sale) ...........................
34
37
30
32
-5.9%
Month’s Supply of Inventory ................................
4.2
4.6
4
2.8
-33.8%
Percent Under Contract ........................................
28.1%
19.2%
32.5%
24.7%
-12.0%
Average Median Price for Last 12 Months ........
$952,278
$916,500
$1,012,333
$913,712
-4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$950
JUL
$1,075,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,039
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Sherman Oaks DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$430,000
$480,000
$485,000
$505,000
17.4%
Average Price per Square Foot ...........................
$347
$357
$359
$391
12.7%
Properties Sold .......................................................
25
15
21
32
28.0%
Properties Pending Sale .......................................
30
16
24
29
-3.3%
Properties For Sale ................................................
46
28
38
32
-30.4%
Days on Market (Pending Sale) ...........................
63
53
54
38
-39.7%
Month’s Supply of Inventory ................................
1.8
1.9
1.8
1
-45.7%
Percent Under Contract ........................................
65.2%
57.1%
63.2%
90.6%
39.0%
Average Median Price for Last 12 Months ........
$447,833
$477,500
$490,000
$461,846
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$430
JUL
$505,000
AUG SEP
MEDIAN SALES PRICE
OCT
$391
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Studio City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$514,000
$620,000
$508,000
$705,000
37.2%
Average Price per Square Foot ...........................
$439
$406
$455
$440
0.2%
Properties Sold .......................................................
8
6
11
11
37.5%
Properties Pending Sale .......................................
24
7
17
20
-16.7%
Properties For Sale ................................................
39
29
25
21
-46.2%
Days on Market (Pending Sale) ...........................
71
98
59
89
25.4%
Month’s Supply of Inventory ................................
4.9
4.8
2.3
0
%
Percent Under Contract ........................................
61.5%
24.1%
68.0%
95.2%
54.8%
Average Median Price for Last 12 Months ........
$527,667
$587,000
$654,000
$582,462
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$514
JUL
$705,000
AUG SEP
MEDIAN SALES PRICE
OCT
$440
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
No sales MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Venice DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$0
$925,000
$1,112,500
$1,005,000
n/a
Average Price per Square Foot ...........................
$0
$792
$740
$846
n/a
Properties Sold .......................................................
0
3
2
1
n/a
Properties Pending Sale .......................................
3
0
3
2
-33.3%
Properties For Sale ................................................
12
10
9
16
33.3%
Days on Market (Pending Sale) ...........................
31
0
20
77
148.4%
Month’s Supply of Inventory ................................
n/a
3.3
4.5
16
n/a
Percent Under Contract ........................................
25.0%
0.0%
33.3%
12.5%
-50.0%
Average Median Price for Last 12 Months ........
$1,027,833
$1,169,500
$1,151,667
$1,167,091
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN JUL
$1,005,000
AUG SEP
MEDIAN SALES PRICE
OCT
$846
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
16 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.005 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West Hollywood DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$635,000
$682,000
$700,000
$712,500
12.2%
Average Price per Square Foot ...........................
$682
$663
$696
$641
-6.0%
Properties Sold .......................................................
30
22
32
36
20.0%
Properties Pending Sale .......................................
35
29
44
29
-17.1%
Properties For Sale ................................................
125
112
132
107
-14.4%
Days on Market (Pending Sale) ...........................
35
38
33
43
22.9%
Month’s Supply of Inventory ................................
4.2
5.1
4.1
3
-28.7%
Percent Under Contract ........................................
28.0%
25.9%
33.3%
27.1%
-3.2%
Average Median Price for Last 12 Months ........
$637,271
$664,083
$665,167
$679,077
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot JUN
$635
JUL
$712,500
AUG SEP
MEDIAN SALES PRICE
OCT
$641
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
West LA DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$775,000
$795,000
$671,250
$756,000
-2.5%
Average Price per Square Foot ...........................
$569
$554
$650
$603
6.0%
Properties Sold .......................................................
13
13
8
14
7.7%
Properties Pending Sale .......................................
13
10
5
20
53.8%
Properties For Sale ................................................
43
33
23
37
-14.0%
Days on Market (Pending Sale) ...........................
20
20
47
17
-15.0%
Month’s Supply of Inventory ................................
3.3
2.5
2.9
2.6
-20.1%
Percent Under Contract ........................................
30.2%
30.3%
21.7%
54.1%
78.8%
Average Median Price for Last 12 Months ........
$720,891
$763,725
$799,333
$776,181
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
$775
JUL
$756,000
AUG SEP
MEDIAN SALES PRICE
OCT
$603
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$756 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
Westwood - Century City DATA*
Jun 2016
6 month
3 month
Jun 2017
% change
Median Price ..........................................................
$870,000
$907,000
$791,000
$900,000
3.4%
Average Price per Square Foot ...........................
$575
$604
$765
$755
31.3%
Properties Sold .......................................................
49
30
47
68
38.8%
Properties Pending Sale .......................................
59
33
49
49
-16.9%
Properties For Sale ................................................
242
196
204
211
-12.8%
Days on Market (Pending Sale) ...........................
43
42
38
44
2.3%
Month’s Supply of Inventory ................................
4.9
6.5
4.3
3.1
-37.2%
Percent Under Contract ........................................
24.4%
16.8%
24.0%
23.2%
-4.7%
Average Median Price for Last 12 Months ........
$790,877
$854,875
$868,333
$847,827
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
$870
JUL
$900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$755
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : June 2017
telesproperties.com
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