MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH June 2018 /
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:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : June 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : June 2018
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$633,000
$620,000
$650,000
$675,000
6.6%
Average Price per Square Foot ..............
$483
$468
$494
$506
4.8%
Properties Sold ...................................
5323
3907
4082
4724
-11.3%
Properties Pending Sale .......................
5202
3025
4933
4763
-8.4%
Properties For Sale ..............................
17,731
12,963
15,309
18,135
2.3%
Days on Market (Pending Sale) .............
33
44
34
36
9.1%
Month’s Supply of Inventory .................
3.3
3.3
3.8
3.8
15.2%
Percent Under Contract .......................
29.3%
23.3%
32.2%
26.3%
-10.5%
$594,792
$649,000
$666,333
$638,546
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $633
JUN JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$506
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEL-AIR HOLMBY HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,499,800
$2,642,500
$2,550,000
$1,740,000
-30.4%
Average Price per Square Foot ..............
$901
$897
$937
$784
-13.0%
Properties Sold ...................................
23
16
11
13
-43.5%
Properties Pending Sale .......................
18
8
11
12
-33.3%
Properties For Sale ..............................
171
135
148
188
9.9%
Days on Market (Pending Sale) .............
52
72
74
46
-11.5%
Month’s Supply of Inventory .................
7.4
8.4
13.5
14.5
94.5%
Percent Under Contract .......................
10.5%
5.9%
7.4%
6.4%
-39.4%
$2,161,111
$3,260,000
$2,579,167
$2,841,120
23.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.499
JUL
$1,740,000
AUG SEP
MEDIAN SALES PRICE
OCT
$784
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
14.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.740 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,690,850
$1,750,000
$1,780,000
$1,803,740
6.7%
Average Price per Square Foot ..............
$759
$845
$789
$769
1.3%
Properties Sold ...................................
22
11
19
19
-13.6%
Properties Pending Sale .......................
19
13
25
19
0.0%
Properties For Sale ..............................
88
65
75
75
-14.8%
Days on Market (Pending Sale) .............
50
51
35
36
-28.0%
Month’s Supply of Inventory .................
4
5.9
3.9
3.9
-1.3%
Percent Under Contract .......................
21.6%
20.0%
33.3%
25.3%
17.3%
$1,675,139
$1,829,696
$1,812,913
$1,704,133
1.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.690
JUL
$1,803,740
AUG SEP
MEDIAN SALES PRICE
OCT
$769
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.803 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEVERLY HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$4,412,500
$3,475,000
$6,409,000
$7,500,000
70.0%
Average Price per Square Foot ..............
$1,418
$1,234
$1,829
$1,477
4.2%
Properties Sold ...................................
9
9
17
7
-22.2%
Properties Pending Sale .......................
8
7
9
9
12.5%
Properties For Sale ..............................
113
94
98
133
17.7%
Days on Market (Pending Sale) .............
30
115
29
58
93.3%
Month’s Supply of Inventory .................
12.6
10.4
5.8
19
51.3%
Percent Under Contract .......................
7.1%
7.4%
9.2%
6.8%
-4.4%
$5,156,721
$5,680,250
$5,826,167
$5,517,288
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$4.412
JUL
$7,500,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,477
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
19 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$7.500 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEVERLY HILLS- POST OFFICE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$3,853,250
$3,475,000
$2,095,000
$2,662,500
-30.9%
Average Price per Square Foot ..............
$1,166
$1,077
$886
$907
-22.2%
Properties Sold ...................................
18
9
13
18
0.0%
Properties Pending Sale .......................
17
9
11
11
-35.3%
Properties For Sale ..............................
177
144
137
172
-2.8%
Days on Market (Pending Sale) .............
47
69
63
84
78.7%
Month’s Supply of Inventory .................
9.8
16
10.5
9.6
-2.8%
Percent Under Contract .......................
9.6%
6.2%
8.0%
6.4%
-33.4%
$3,343,387
$2,644,667
$2,954,167
$3,003,750
-11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.853
JUN JUL
$2,662,500
AUG SEP
MEDIAN SALES PRICE
OCT
$907
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.662 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEVERLYWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,305,000
$1,915,000
$1,610,000
$1,470,000
12.6%
Average Price per Square Foot ..............
$732
$799
$730
$819
11.9%
Properties Sold ...................................
23
8
9
19
-17.4%
Properties Pending Sale .......................
9
10
19
23
155.6%
Properties For Sale ..............................
39
38
50
62
59.0%
Days on Market (Pending Sale) .............
37
30
39
26
-29.7%
Month’s Supply of Inventory .................
1.7
4.8
5.6
3.3
92.4%
Percent Under Contract .......................
23.1%
26.3%
38.0%
37.1%
60.8%
$1,284,590
$1,593,050
$1,617,917
$1,541,562
16.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.305
JUL
$1,470,000
AUG SEP
MEDIAN SALES PRICE
OCT
$819
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.470 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BRENTWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,890,000
$3,615,000
$3,525,000
$4,250,000
47.1%
Average Price per Square Foot ..............
$1,154
$1,067
$1,093
$1,107
-4.1%
Properties Sold ...................................
24
20
24
19
-20.8%
Properties Pending Sale .......................
27
19
19
27
0.0%
Properties For Sale ..............................
144
137
147
178
23.6%
Days on Market (Pending Sale) .............
45
54
26
62
37.8%
Month’s Supply of Inventory .................
6
6.8
6.1
9.4
56.1%
Percent Under Contract .......................
18.8%
13.9%
12.9%
15.2%
-19.1%
$3,273,931
$3,218,258
$3,266,667
$3,263,235
-0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.890
JUL
$4,250,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,107
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$4.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,220,000
$1,818,750
$2,900,000
$2,600,000
17.1%
Average Price per Square Foot ..............
$783
$892
$883
$882
12.6%
Properties Sold ...................................
10
6
7
11
10.0%
Properties Pending Sale .......................
10
4
7
13
30.0%
Properties For Sale ..............................
29
20
20
32
10.3%
Days on Market (Pending Sale) .............
21
24
47
30
42.9%
Month’s Supply of Inventory .................
2.9
3.3
2.9
2.9
0.3%
Percent Under Contract .......................
34.5%
20.0%
35.0%
40.6%
17.8%
$2,100,292
$2,226,333
$2,427,167
$2,099,021
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.220
JUL
$2,600,000
AUG SEP
MEDIAN SALES PRICE
OCT
$882
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CULVER CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,000,000
$1,145,000
$1,402,188
$1,385,000
38.5%
Average Price per Square Foot ..............
$889
$803
$893
$892
0.3%
Properties Sold ...................................
19
17
18
21
10.5%
Properties Pending Sale .......................
23
15
31
28
21.7%
Properties For Sale ..............................
63
40
61
71
12.7%
Days on Market (Pending Sale) .............
26
37
31
21
-19.2%
Month’s Supply of Inventory .................
3.3
2.4
3.4
3.4
2.0%
Percent Under Contract .......................
36.5%
37.5%
50.8%
39.4%
8.0%
$1,145,958
$1,457,065
$1,510,067
$1,298,568
11.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.000
JUL
$1,385,000
AUG SEP
MEDIAN SALES PRICE
OCT
$892
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.385 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DOWNTOWN
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$359,500
$395,000
$402,500
$426,500
18.6%
Average Price per Square Foot ..............
$272
$283
$420
$383
40.8%
Properties Sold ...................................
6
16
8
8
33.3%
Properties Pending Sale .......................
10
5
7
8
-20.0%
Properties For Sale ..............................
50
44
46
50
0.0%
Days on Market (Pending Sale) .............
34
47
22
45
32.4%
Month’s Supply of Inventory .................
8.3
2.8
5.8
6.2
-25.0%
Percent Under Contract .......................
20.0%
11.4%
15.2%
16.0%
-20.0%
$355,799
$398,405
$410,500
$396,110
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$359
JUL
$426,500
AUG SEP
MEDIAN SALES PRICE
OCT
$383
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$426 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HANCOCK PARK - WILSHIRE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,550,000
$1,772,000
$1,585,000
$1,875,000
21.0%
Average Price per Square Foot ..............
$697
$737
$742
$772
10.8%
Properties Sold ...................................
23
25
19
30
30.4%
Properties Pending Sale .......................
19
11
29
27
42.1%
Properties For Sale ..............................
97
73
101
109
12.4%
Days on Market (Pending Sale) .............
52
50
47
37
-28.8%
Month’s Supply of Inventory .................
4.2
2.9
5.3
3.6
-13.8%
Percent Under Contract .......................
19.6%
15.1%
28.7%
24.8%
26.5%
$1,662,855
$1,701,875
$1,750,750
$1,705,541
2.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.550
JUL
$1,875,000
AUG SEP
MEDIAN SALES PRICE
OCT
$772
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HOLLYWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$815,000
$992,500
$1,425,000
$996,500
22.3%
Average Price per Square Foot ..............
$752
$588
$634
$647
-14.0%
Properties Sold ...................................
7
10
8
12
71.4%
Properties Pending Sale .......................
10
5
7
4
-60.0%
Properties For Sale ..............................
51
36
48
34
-33.3%
Days on Market (Pending Sale) .............
37
73
61
46
24.3%
Month’s Supply of Inventory .................
7.3
3.6
6
2.8
-61.1%
Percent Under Contract .......................
19.6%
13.9%
14.6%
11.8%
-40.0%
$901,504
$1,067,833
$1,078,167
$1,014,298
11.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$815
JUL
$996,500
AUG SEP
MEDIAN SALES PRICE
OCT
$647
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$996 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HOLLYWOOD HILLS EAST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,267,700
$1,614,500
$1,721,500
$1,590,000
25.4%
Average Price per Square Foot ..............
$691
$673
$618
$739
6.9%
Properties Sold ...................................
17
16
14
21
23.5%
Properties Pending Sale .......................
17
7
16
18
5.9%
Properties For Sale ..............................
85
65
67
75
-11.8%
Days on Market (Pending Sale) .............
35
63
51
35
0.0%
Month’s Supply of Inventory .................
5
9.3
4.2
3.6
-28.6%
Percent Under Contract .......................
20.0%
10.8%
23.9%
24.0%
20.0%
$1,498,058
$1,483,583
$1,485,000
$1,478,977
-1.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.267
JUL
$1,590,000
AUG SEP
MEDIAN SALES PRICE
OCT
$739
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
INGLEWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$573,500
$570,000
$555,000
$610,000
6.4%
Average Price per Square Foot ..............
$399
$459
$457
$478
19.8%
Properties Sold ...................................
24
16
31
19
-20.8%
Properties Pending Sale .......................
17
15
31
24
41.2%
Properties For Sale ..............................
58
54
78
73
25.9%
Days on Market (Pending Sale) .............
29
31
21
30
3.4%
Month’s Supply of Inventory .................
3.4
3.6
2.5
3.8
12.6%
Percent Under Contract .......................
29.3%
27.8%
39.7%
32.9%
12.2%
$488,481
$592,000
$613,333
$572,369
14.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$573
JUL
$610,000
AUG SEP
MEDIAN SALES PRICE
OCT
$478
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$610 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LADERA HEIGHTS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,200,000
$1,024,450
$1,210,000
$1,279,000
6.6%
Average Price per Square Foot ..............
$414
$492
$447
$446
7.7%
Properties Sold ...................................
5
6
8
1
-80.0%
Properties Pending Sale .......................
9
2
8
2
-77.8%
Properties For Sale ..............................
29
18
17
15
-48.3%
Days on Market (Pending Sale) .............
53
35
25
14
-73.6%
Month’s Supply of Inventory .................
3.2
9
2.1
15
365.5%
Percent Under Contract .......................
31.0%
11.1%
47.1%
13.3%
-57.0%
$1,061,646
$1,230,892
$1,201,833
$1,211,908
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.200
JUL
$1,279,000
AUG SEP
MEDIAN SALES PRICE
OCT
$446
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
15 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.279 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LAUREL CANYON
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,900,000
$1,977,500
$1,798,750
$1,582,500
-16.7%
Average Price per Square Foot ..............
$907
$749
$803
$775
-14.6%
Properties Sold ...................................
30
20
24
26
-13.3%
Properties Pending Sale .......................
30
15
31
27
-10.0%
Properties For Sale ..............................
165
124
161
185
12.1%
Days on Market (Pending Sale) .............
47
56
36
49
4.3%
Month’s Supply of Inventory .................
5.5
8.3
5.2
6.9
24.6%
Percent Under Contract .......................
18.2%
12.1%
19.3%
14.6%
-19.7%
$1,688,695
$1,895,125
$1,649,000
$1,797,558
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.900
JUL
$1,582,500
AUG SEP
MEDIAN SALES PRICE
OCT
$775
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.582 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LOS FELIZ
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,775,000
$1,800,000
$1,700,000
$2,200,000
23.9%
Average Price per Square Foot ..............
$881
$773
$689
$783
-11.1%
Properties Sold ...................................
31
9
23
19
-38.7%
Properties Pending Sale .......................
26
12
24
14
-46.2%
Properties For Sale ..............................
100
69
73
71
-29.0%
Days on Market (Pending Sale) .............
52
67
38
105
101.9%
Month’s Supply of Inventory .................
3.8
5.8
3
3.7
-2.8%
Percent Under Contract .......................
26.0%
17.4%
32.9%
19.7%
-24.2%
$1,603,743
$1,849,167
$1,890,000
$1,791,808
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.775
JUL
$2,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$783
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MALIBU
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,637,100
$2,000,000
$2,830,000
$3,225,000
22.3%
Average Price per Square Foot ..............
$1,076
$906
$906
$979
-9.0%
Properties Sold ...................................
22
9
18
11
-50.0%
Properties Pending Sale .......................
22
9
19
15
-31.8%
Properties For Sale ..............................
234
185
190
244
4.3%
Days on Market (Pending Sale) .............
125
101
119
123
-1.6%
Month’s Supply of Inventory .................
10.6
20.6
10.6
22.2
108.5%
Percent Under Contract .......................
9.4%
4.9%
10.0%
6.1%
-34.6%
$2,714,675
$2,763,833
$3,335,833
$2,704,902
-0.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.637
JUL
$3,225,000
AUG SEP
MEDIAN SALES PRICE
OCT
$979
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
22.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MALIBU BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$7,300,000
$14,562,500
$11,000,000
$5,600,000
-23.3%
Average Price per Square Foot ..............
$2,765
$2,638
$3,043
$3,825
38.3%
Properties Sold ...................................
5
2
3
7
40.0%
Properties Pending Sale .......................
1
5
6
6
500.0%
Properties For Sale ..............................
91
72
82
89
-2.2%
Days on Market (Pending Sale) .............
147
133
74
236
60.5%
Month’s Supply of Inventory .................
18.2
36
27.3
12.7
-30.1%
Percent Under Contract .......................
1.1%
6.9%
7.3%
6.7%
513.5%
$7,409,937
$7,022,718
$7,320,833
$8,293,370
10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$7.300
JUL
$5,600,000
AUG SEP
MEDIAN SALES PRICE
OCT
$3,825
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
12.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$5.600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MARINA DEL REY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,150,000
$2,540,500
$1,450,775
$1,488,000
29.4%
Average Price per Square Foot ..............
$777
$815
$1,068
$764
-1.7%
Properties Sold ...................................
7
10
8
10
42.9%
Properties Pending Sale .......................
6
5
6
4
-33.3%
Properties For Sale ..............................
37
30
28
40
8.1%
Days on Market (Pending Sale) .............
57
76
19
36
-36.8%
Month’s Supply of Inventory .................
5.3
3
3.5
4
-24.3%
Percent Under Contract .......................
16.2%
16.7%
21.4%
10.0%
-38.3%
$1,542,752
$1,554,129
$1,548,000
$1,535,906
-0.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.150
JUL
$1,488,000
AUG SEP
MEDIAN SALES PRICE
OCT
$764
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.488 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MID LOS ANGELES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$685,000
$700,000
$799,000
$780,000
13.9%
Average Price per Square Foot ..............
$450
$495
$461
$510
13.3%
Properties Sold ...................................
41
37
43
33
-19.5%
Properties Pending Sale .......................
56
27
37
26
-53.6%
Properties For Sale ..............................
138
109
115
112
-18.8%
Days on Market (Pending Sale) .............
38
34
35
21
-44.7%
Month’s Supply of Inventory .................
3.4
2.9
2.7
3.4
0.8%
Percent Under Contract .......................
40.6%
24.8%
32.2%
23.2%
-42.8%
$648,399
$779,808
$821,817
$751,104
13.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$685
JUL
$780,000
AUG SEP
MEDIAN SALES PRICE
OCT
$510
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MID WILSHIRE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$879,000
$1,151,500
$1,032,500
$1,000,000
13.8%
Average Price per Square Foot ..............
$520
$582
$491
$425
-18.3%
Properties Sold ...................................
10
2
8
5
-50.0%
Properties Pending Sale .......................
4
1
4
8
100.0%
Properties For Sale ..............................
25
25
20
31
24.0%
Days on Market (Pending Sale) .............
61
38
37
44
-27.9%
Month’s Supply of Inventory .................
2.5
12.5
2.5
6.2
148.0%
Percent Under Contract .......................
16.0%
4.0%
20.0%
25.8%
61.3%
$871,025
$1,094,500
$1,088,333
$1,049,000
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$879
JUL
$1,000,000
AUG SEP
MEDIAN SALES PRICE
OCT
$425
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PACIFIC PALISADES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,865,000
$2,642,855
$3,927,500
$2,867,500
0.1%
Average Price per Square Foot ..............
$1,108
$1,045
$1,186
$1,080
-2.5%
Properties Sold ...................................
25
10
20
18
-28.0%
Properties Pending Sale .......................
23
5
22
20
-13.0%
Properties For Sale ..............................
128
88
102
104
-18.8%
Days on Market (Pending Sale) .............
44
50
58
36
-18.2%
Month’s Supply of Inventory .................
5.1
8.8
5.1
5.8
12.8%
Percent Under Contract .......................
18.0%
5.7%
21.6%
19.2%
7.0%
$3,062,288
$3,331,057
$3,335,167
$3,309,208
7.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.865
JUL
$2,867,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,080
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.867 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PALMS - MAR VISTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,560,000
$1,565,000
$1,615,000
$1,450,000
-7.1%
Average Price per Square Foot ..............
$773
$876
$808
$911
17.9%
Properties Sold ...................................
41
20
31
29
-29.3%
Properties Pending Sale .......................
38
13
34
32
-15.8%
Properties For Sale ..............................
90
64
72
108
20.0%
Days on Market (Pending Sale) .............
19
43
27
24
26.3%
Month’s Supply of Inventory .................
2.2
3.2
2.3
3.7
69.7%
Percent Under Contract .......................
42.2%
20.3%
47.2%
29.6%
-29.8%
$1,453,793
$1,567,678
$1,546,773
$1,551,895
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.560
JUL
$1,450,000
AUG SEP
MEDIAN SALES PRICE
OCT
$911
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PLAYA DEL REY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,595,000
$1,339,500
$1,745,000
$1,575,000
-1.3%
Average Price per Square Foot ..............
$690
$438
$660
$636
-7.8%
Properties Sold ...................................
6
1
5
7
16.7%
Properties Pending Sale .......................
5
3
10
7
40.0%
Properties For Sale ..............................
16
21
33
33
106.2%
Days on Market (Pending Sale) .............
39
63
37
50
28.2%
Month’s Supply of Inventory .................
2.7
21
6.6
4.7
76.8%
Percent Under Contract .......................
31.2%
14.3%
30.3%
21.2%
-32.1%
$1,430,771
$1,736,546
$1,714,167
$1,640,927
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.595
JUL
$1,575,000
AUG SEP
MEDIAN SALES PRICE
OCT
$636
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PLAYA VISTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,990,000
$2,199,500
$2,060,250
$3,231,000
62.4%
Average Price per Square Foot ..............
$709
$718
$706
$852
20.2%
Properties Sold ...................................
5
4
2
3
-40.0%
Properties Pending Sale .......................
3
0
3
3
0.0%
Properties For Sale ..............................
14
7
8
12
-14.3%
Days on Market (Pending Sale) .............
22
0
61
14
-36.4%
Month’s Supply of Inventory .................
2.8
1.8
4
0.2
-91.1%
Percent Under Contract .......................
21.4%
0.0%
37.5%
25.0%
16.7%
$1,529,104
$2,771,450
$2,887,333
$2,569,659
68.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.990
JUL
$3,231,000
AUG SEP
MEDIAN SALES PRICE
OCT
$852
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.231 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA MONICA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,510,000
$3,169,000
$2,320,000
$3,015,000
20.1%
Average Price per Square Foot ..............
$1,170
$1,223
$1,018
$1,180
0.9%
Properties Sold ...................................
29
21
18
28
-3.4%
Properties Pending Sale .......................
26
13
21
19
-26.9%
Properties For Sale ..............................
98
81
92
111
13.3%
Days on Market (Pending Sale) .............
25
43
46
33
32.0%
Month’s Supply of Inventory .................
3.4
3.9
5.1
4
17.3%
Percent Under Contract .......................
26.5%
16.0%
22.8%
17.1%
-35.5%
$2,380,620
$2,917,208
$3,375,000
$3,077,788
22.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.510
JUL
$3,015,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,180
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.015 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,012,500
$1,915,000
$1,818,750
$1,747,500
-13.2%
Average Price per Square Foot ..............
$873
$856
$854
$890
1.9%
Properties Sold ...................................
50
39
38
46
-8.0%
Properties Pending Sale .......................
47
30
37
45
-4.3%
Properties For Sale ..............................
358
292
343
385
7.5%
Days on Market (Pending Sale) .............
59
54
48
67
13.6%
Month’s Supply of Inventory .................
7.2
7.5
9
8.4
16.9%
Percent Under Contract .......................
13.1%
10.3%
10.8%
11.7%
-11.0%
$1,805,020
$1,997,708
$1,854,167
$1,905,500
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.012
JUL
$1,747,500
AUG SEP
MEDIAN SALES PRICE
OCT
$890
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.747 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
VENICE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,090,000
$1,937,500
$2,337,000
$2,450,000
17.2%
Average Price per Square Foot ..............
$1,167
$1,171
$980
$1,267
8.6%
Properties Sold ...................................
21
14
12
27
28.6%
Properties Pending Sale .......................
23
13
17
24
4.3%
Properties For Sale ..............................
97
74
94
114
17.5%
Days on Market (Pending Sale) .............
34
71
42
58
70.6%
Month’s Supply of Inventory .................
4.6
5.3
7.8
4.2
-8.6%
Percent Under Contract .......................
23.7%
17.6%
18.1%
21.1%
-11.2%
$1,896,178
$2,172,750
$2,265,833
$2,150,135
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.090
JUL
$2,450,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,267
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST HOLLYWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,799,858
$2,225,000
$1,837,500
$1,637,500
-9.0%
Average Price per Square Foot ..............
$949
$872
$960
$1,072
13.0%
Properties Sold ...................................
12
8
12
8
-33.3%
Properties Pending Sale .......................
15
7
10
10
-33.3%
Properties For Sale ..............................
59
37
57
70
18.6%
Days on Market (Pending Sale) .............
28
42
27
29
3.6%
Month’s Supply of Inventory .................
4.9
4.6
4.8
8.7
78.0%
Percent Under Contract .......................
25.4%
18.9%
17.5%
14.3%
-43.8%
$1,620,428
$1,901,292
$1,661,333
$1,869,008
13.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.799
JUL
$1,637,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,072
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.637 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST LOS ANGELES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,110,000
$1,352,500
$1,366,000
$1,384,500
24.7%
Average Price per Square Foot ..............
$865
$644
$750
$822
-5.0%
Properties Sold ...................................
11
10
10
10
-9.1%
Properties Pending Sale .......................
17
5
10
10
-41.2%
Properties For Sale ..............................
47
32
46
47
0.0%
Days on Market (Pending Sale) .............
31
45
27
34
9.7%
Month’s Supply of Inventory .................
4.3
3.2
4.6
4.7
10.0%
Percent Under Contract .......................
36.2%
15.6%
21.7%
21.3%
-41.2%
$1,037,479
$1,371,929
$1,448,166
$1,319,371
27.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.110
JUL
$1,384,500
AUG SEP
MEDIAN SALES PRICE
OCT
$822
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.384 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WESTCHESTER
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,099,000
$1,215,000
$1,125,000
$1,350,000
22.8%
Average Price per Square Foot ..............
$673
$647
$738
$685
1.8%
Properties Sold ...................................
37
27
28
35
-5.4%
Properties Pending Sale .......................
38
28
24
27
-28.9%
Properties For Sale ..............................
109
67
70
87
-20.2%
Days on Market (Pending Sale) .............
21
31
19
26
23.8%
Month’s Supply of Inventory .................
2.9
2.5
2.5
2.5
-15.6%
Percent Under Contract .......................
34.9%
41.8%
34.3%
31.0%
-11.0%
$1,094,063
$1,215,902
$1,294,288
$1,199,185
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.099
JUL
$1,350,000
AUG SEP
MEDIAN SALES PRICE
OCT
$685
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.350 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WESTWOOD - CENTURY CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,800,000
$1,823,000
$2,712,500
$1,824,500
1.4%
Average Price per Square Foot ..............
$820
$905
$833
$1,017
24.0%
Properties Sold ...................................
23
10
12
16
-30.4%
Properties Pending Sale .......................
16
10
14
8
-50.0%
Properties For Sale ..............................
58
49
58
55
-5.2%
Days on Market (Pending Sale) .............
38
46
31
38
0.0%
Month’s Supply of Inventory .................
2.5
4.9
4.8
3.4
36.3%
Percent Under Contract .......................
27.6%
20.4%
24.1%
14.5%
-47.3%
$1,901,351
$2,287,917
$2,141,500
$2,189,124
15.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.800
JUL
$1,824,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,017
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.824 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SOUTH BAY MACRO MARKET
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,398,700
$1,228,142
$1,342,500
$1,434,773
2.6%
Average Price per Square Foot ..............
$627
$670
$631
$654
4.4%
Properties Sold ...................................
339
443
225
275
-18.9%
Properties Pending Sale .......................
296
124
275
259
-12.5%
Properties For Sale ..............................
1,029
611
754
936
-9.0%
Days on Market (Pending Sale) .............
35
39
33
34
-4.4%
Month’s Supply of Inventory .................
3
1.4
3.4
3.4
12.1%
Percent Under Contract .......................
28.8%
20.3%
36.5%
27.7%
-3.8%
$1,258,998
$1,386,082
$1,443,038
$1,394,661
10.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.398
JUN JUL
$1,434,773
AUG SEP
MEDIAN SALES PRICE
OCT
$654
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.434 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
EL SEGUNDO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,385,500
$1,226,000
$1,500,000
$1,287,500
-7.1%
Average Price per Square Foot ..............
$621
$682
$785
$748
20.5%
Properties Sold ...................................
8
6
9
6
-25.0%
Properties Pending Sale .......................
10
2
10
5
-50.0%
Properties For Sale ..............................
27
19
18
30
11.1%
Days on Market (Pending Sale) .............
31
26
21
16
-48.4%
Month’s Supply of Inventory .................
3.4
0
2
5
48.1%
Percent Under Contract .......................
37.0%
10.5%
55.6%
16.7%
-55.0%
$1,284,631
$1,387,833
$1,254,833
$1,344,115
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.385
JUL
$1,287,500
AUG SEP
MEDIAN SALES PRICE
OCT
$748
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.287 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HERMOSA BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,025,000
$2,002,500
$1,927,000
$3,037,000
50.0%
Average Price per Square Foot ..............
$940
$1,596
$883
$1,193
26.9%
Properties Sold ...................................
13
10
6
8
-38.5%
Properties Pending Sale .......................
12
5
11
8
-33.3%
Properties For Sale ..............................
53
29
40
45
-15.1%
Days on Market (Pending Sale) .............
40
37
37
61
52.5%
Month’s Supply of Inventory .................
4.1
2.9
6.7
5.6
38.0%
Percent Under Contract .......................
22.6%
17.2%
27.5%
17.8%
-21.5%
$1,842,638
$2,151,521
$2,502,375
$2,087,740
13.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.025
JUL
$3,037,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,193
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.037 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MANHATTAN BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,687,000
$2,600,000
$2,240,000
$2,550,000
-5.1%
Average Price per Square Foot ..............
$1,022
$1,068
$1,049
$1,059
3.6%
Properties Sold ...................................
52
23
27
42
-19.2%
Properties Pending Sale .......................
35
18
36
37
5.7%
Properties For Sale ..............................
152
89
109
131
-13.8%
Days on Market (Pending Sale) .............
54
66
32
51
-5.6%
Month’s Supply of Inventory .................
2.9
3.9
4
3.1
6.7%
Percent Under Contract .......................
23.0%
20.2%
33.0%
28.2%
22.7%
$2,259,125
$2,450,833
$2,633,333
$2,518,962
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.687
JUL
$2,550,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,059
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PALOS VERDES ESTATES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,300,000
$1,841,000
$1,984,000
$2,300,000
0.0%
Average Price per Square Foot ..............
$718
$750
$734
$734
2.2%
Properties Sold ...................................
15
10
20
23
53.3%
Properties Pending Sale .......................
13
11
16
23
76.9%
Properties For Sale ..............................
104
59
76
104
0.0%
Days on Market (Pending Sale) .............
40
75
61
27
-32.5%
Month’s Supply of Inventory .................
6.9
5.9
3.8
4.5
-34.8%
Percent Under Contract .......................
12.5%
18.6%
21.1%
22.1%
76.9%
$1,981,050
$1,893,833
$2,028,833
$1,901,596
-4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.300
JUN JUL
$2,300,000
AUG SEP
MEDIAN SALES PRICE
OCT
$734
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
RANCHO PALOS VERDES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,315,000
$1,245,000
$1,350,000
$1,527,500
16.2%
Average Price per Square Foot ..............
$574
$592
$524
$590
2.8%
Properties Sold ...................................
62
30
29
50
-19.4%
Properties Pending Sale .......................
48
18
46
41
-14.6%
Properties For Sale ..............................
161
105
133
160
-0.6%
Days on Market (Pending Sale) .............
24
46
29
27
12.5%
Month’s Supply of Inventory .................
2.6
3.5
4.6
3.2
23.2%
Percent Under Contract .......................
29.8%
17.1%
34.6%
25.6%
-14.0%
$1,292,625
$1,412,088
$1,483,333
$1,400,810
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.315
JUL
$1,527,500
AUG SEP
MEDIAN SALES PRICE
OCT
$590
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.527 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
REDONDO BEACH- NORTH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,049,000
$1,014,000
$979,000
$1,090,000
3.9%
Average Price per Square Foot ..............
$631
$605
$666
$681
7.9%
Properties Sold ...................................
21
18
11
15
-28.6%
Properties Pending Sale .......................
18
8
19
13
-27.8%
Properties For Sale ..............................
52
27
32
38
-26.9%
Days on Market (Pending Sale) .............
22
26
9
27
22.7%
Month’s Supply of Inventory .................
2.5
1.5
2.9
2.5
2.3%
Percent Under Contract .......................
34.6%
29.6%
59.4%
34.2%
-1.2%
$967,042
$1,087,333
$1,150,000
$1,037,615
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.049
JUL
$1,090,000
AUG SEP
MEDIAN SALES PRICE
OCT
$681
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.090 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
REDONDO BEACH- SOUTH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,505,000
$1,325,000
$1,650,000
$1,735,000
15.3%
Average Price per Square Foot ..............
$873
$663
$696
$697
-20.2%
Properties Sold ...................................
21
16
20
17
-19.0%
Properties Pending Sale .......................
22
9
24
13
-40.9%
Properties For Sale ..............................
68
35
53
41
-39.7%
Days on Market (Pending Sale) .............
44
56
30
42
-4.5%
Month’s Supply of Inventory .................
3.2
2.2
2.6
2.4
-25.5%
Percent Under Contract .......................
32.4%
25.7%
45.3%
31.7%
-2.0%
$1,398,665
$1,671,104
$1,802,250
$1,570,933
12.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.505
JUL
$1,735,000
AUG SEP
MEDIAN SALES PRICE
OCT
$697
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ROLLING HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,437,500
$0
$2,062,500
$2,461,000
1.0%
Average Price per Square Foot ..............
$717
$0
$616
$582
-18.8%
Properties Sold ...................................
4
239
2
2
-50.0%
Properties Pending Sale .......................
1
3
2
2
100.0%
Properties For Sale ..............................
30
30
31
41
36.7%
Days on Market (Pending Sale) .............
74
0
94
88
18.9%
Month’s Supply of Inventory .................
7.5
0.1
15.5
20.5
173.3%
Percent Under Contract .......................
3.3%
10.0%
6.5%
4.9%
46.3%
$2,106,563
$2,566,833
$2,729,500
$2,876,300
36.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.437
JUL
$2,461,000
AUG SEP
MEDIAN SALES PRICE
OCT
$582
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
20.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.461 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ROLLING HILLS ESTATES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,708,500
$1,340,000
$1,848,000
$1,607,000
-5.9%
Average Price per Square Foot ..............
$622
$618
$552
$551
-11.4%
Properties Sold ...................................
8
3
7
5
-37.5%
Properties Pending Sale .......................
11
3
7
7
-36.4%
Properties For Sale ..............................
44
19
24
29
-34.1%
Days on Market (Pending Sale) .............
50
66
48
23
-54.0%
Month’s Supply of Inventory .................
5.5
6.3
3.4
5.8
5.5%
Percent Under Contract .......................
25.0%
15.8%
29.2%
24.1%
-3.4%
$1,550,709
$1,710,083
$1,665,000
$1,638,615
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.708
JUL
$1,607,000
AUG SEP
MEDIAN SALES PRICE
OCT
$551
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.607 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN PEDRO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$680,000
$607,500
$620,000
$708,000
4.1%
Average Price per Square Foot ..............
$415
$442
$461
$423
1.9%
Properties Sold ...................................
33
26
35
31
-6.1%
Properties Pending Sale .......................
51
14
33
24
-52.9%
Properties For Sale ..............................
146
81
89
95
-34.9%
Days on Market (Pending Sale) .............
41
56
26
26
-36.6%
Month’s Supply of Inventory .................
4.4
3.1
2.5
3.1
-30.7%
Percent Under Contract .......................
34.9%
17.3%
37.1%
25.3%
-27.7%
$632,667
$678,417
$694,333
$668,231
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $680
JUN JUL
$708,000
AUG SEP
MEDIAN SALES PRICE
OCT
$423
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$708 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TORRANCE- COUNTY STRIP
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$540,500
$575,000
$609,000
$569,000
5.3%
Average Price per Square Foot ..............
$366
$335
$439
$431
17.8%
Properties Sold ...................................
6
4
7
9
50.0%
Properties Pending Sale .......................
5
2
5
8
60.0%
Properties For Sale ..............................
18
11
11
17
-5.6%
Days on Market (Pending Sale) .............
32
13
23
25
-21.9%
Month’s Supply of Inventory .................
3
2.8
1.6
1.9
-37.0%
Percent Under Contract .......................
27.8%
18.2%
45.5%
47.1%
69.4%
$520,138
$557,333
$587,500
$552,846
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$540
JUL
$569,000
AUG SEP
MEDIAN SALES PRICE
OCT
$431
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$569 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TORRANCE- NORTH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$670,000
$675,000
$720,000
$727,500
8.6%
Average Price per Square Foot ..............
$462
$487
$484
$502
8.7%
Properties Sold ...................................
21
19
11
14
-33.3%
Properties Pending Sale .......................
18
12
15
28
55.6%
Properties For Sale ..............................
37
26
36
63
70.3%
Days on Market (Pending Sale) .............
15
30
26
30
100.0%
Month’s Supply of Inventory .................
1.8
1.4
3.3
4.5
155.4%
Percent Under Contract .......................
48.6%
46.2%
41.7%
44.4%
-8.6%
$641,813
$723,208
$734,833
$699,712
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$670
JUL
$727,500
AUG SEP
MEDIAN SALES PRICE
OCT
$502
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$727 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TORRANCE- SOUTH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$990,000
$1,039,000
$1,050,000
$995,000
0.5%
Average Price per Square Foot ..............
$500
$522
$538
$574
14.8%
Properties Sold ...................................
30
19
17
20
-33.3%
Properties Pending Sale .......................
16
6
18
21
31.2%
Properties For Sale ..............................
60
29
40
57
-5.0%
Days on Market (Pending Sale) .............
14
17
18
20
42.9%
Month’s Supply of Inventory .................
2
1.5
2.4
2.8
42.5%
Percent Under Contract .......................
26.7%
20.7%
45.0%
36.8%
38.2%
$910,136
$975,750
$952,667
$970,038
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $990
JUN JUL
$995,000
AUG SEP
MEDIAN SALES PRICE
OCT
$574
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$995 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TORRANCE- SOUTHEAST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$772,500
$773,990
$690,000
$700,000
-9.4%
Average Price per Square Foot ..............
$423
$422
$475
$481
13.7%
Properties Sold ...................................
24
7
11
14
-41.7%
Properties Pending Sale .......................
18
6
15
12
-33.3%
Properties For Sale ..............................
44
31
32
51
15.9%
Days on Market (Pending Sale) .............
23
21
25
21
-8.7%
Month’s Supply of Inventory .................
1.8
4.4
2.9
3.6
98.7%
Percent Under Contract .......................
40.9%
19.4%
46.9%
23.5%
-42.5%
$651,188
$711,083
$711,500
$735,538
13.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $772
JUN JUL
$700,000
AUG SEP
MEDIAN SALES PRICE
OCT
$481
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$700 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TORRANCE- WEST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$915,000
$930,000
$908,000
$935,000
2.2%
Average Price per Square Foot ..............
$521
$604
$558
$569
9.2%
Properties Sold ...................................
21
13
13
19
-9.5%
Properties Pending Sale .......................
18
7
18
17
-5.6%
Properties For Sale ..............................
33
21
30
34
3.0%
Days on Market (Pending Sale) .............
22
12
12
19
-13.6%
Month’s Supply of Inventory .................
1.6
1.6
2.3
1.8
13.9%
Percent Under Contract .......................
54.5%
33.3%
60.0%
50.0%
-8.3%
$845,979
$931,958
$951,250
$916,865
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $915
JUN JUL
$935,000
AUG SEP
MEDIAN SALES PRICE
OCT
$569
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$935 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,064,625
$1,047,882
$1,110,882
$1,055,647
-0.8%
Average Price per Square Foot ..............
$480
$475
$497
$523
9.1%
Properties Sold ...................................
33
26
27
36
11.3%
Properties Pending Sale .......................
35
23
32
36
4.2%
Properties For Sale ..............................
72
42
56
75
3.7%
Days on Market (Pending Sale) .............
51
54
53
51
0.5%
Month’s Supply of Inventory .................
2.2
1.6
2.1
2.1
-6.9%
Percent Under Contract .......................
47.9%
53.7%
56.0%
48.1%
0.5%
$943,446
$1,037,176
$1,053,275
$982,472
4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.064
JUN JUL
$1,055,647
AUG SEP
MEDIAN SALES PRICE
OCT
$523
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.055 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
AGOURA HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,103,000
$1,065,000
$845,000
$1,130,000
2.4%
Average Price per Square Foot ..............
$391
$411
$382
$406
3.8%
Properties Sold ...................................
26
17
19
29
11.5%
Properties Pending Sale .......................
24
15
12
29
20.8%
Properties For Sale ..............................
60
48
53
70
16.7%
Days on Market (Pending Sale) .............
68
65
70
102
50.0%
Month’s Supply of Inventory .................
2.3
2.8
2.8
2.4
4.6%
Percent Under Contract .......................
40.0%
31.2%
22.6%
41.4%
3.6%
$915,000
$933,667
$989,000
$963,154
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.103
JUN JUL
$1,130,000
AUG SEP
MEDIAN SALES PRICE
OCT
$406
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.130 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BURBANK
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$813,000
$880,000
$851,000
$879,000
8.1%
Average Price per Square Foot ..............
$525
$520
$556
$569
8.4%
Properties Sold ...................................
54
45
54
52
-3.7%
Properties Pending Sale .......................
65
36
46
53
-18.5%
Properties For Sale ..............................
83
25
51
79
-4.8%
Days on Market (Pending Sale) .............
30
39
30
27
-10.0%
Month’s Supply of Inventory .................
1.5
0.6
0.9
1.5
-1.2%
Percent Under Contract .......................
78.3%
144.0%
90.2%
67.1%
-14.3%
$768,917
$849,833
$871,667
$826,923
7.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $813
JUN JUL
$879,000
AUG SEP
MEDIAN SALES PRICE
OCT
$569
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$879 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CALABASAS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,205,000
$1,513,000
$1,185,000
$1,467,000
21.7%
Average Price per Square Foot ..............
$510
$435
$503
$499
-2.2%
Properties Sold ...................................
26
16
21
26
0.0%
Properties Pending Sale .......................
33
9
34
23
-30.3%
Properties For Sale ..............................
101
49
88
109
7.9%
Days on Market (Pending Sale) .............
67
108
65
88
31.3%
Month’s Supply of Inventory .................
3.9
3.1
4.2
4.2
7.9%
Percent Under Contract .......................
32.7%
18.4%
38.6%
21.1%
-35.4%
$1,372,500
$1,411,167
$1,407,333
$1,389,615
1.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.205
JUL
$1,467,000
AUG SEP
MEDIAN SALES PRICE
OCT
$499
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.467 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ENCINO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,400,000
$1,599,000
$1,459,000
$1,521,000
8.6%
Average Price per Square Foot ..............
$495
$572
$531
$631
27.5%
Properties Sold ...................................
51
31
33
42
-17.6%
Properties Pending Sale .......................
56
33
52
43
-23.2%
Properties For Sale ..............................
112
65
86
126
12.5%
Days on Market (Pending Sale) .............
63
52
54
46
-27.0%
Month’s Supply of Inventory .................
2.2
2.1
2.6
3
36.6%
Percent Under Contract .......................
50.0%
50.8%
60.5%
34.1%
-31.7%
$1,265,583
$1,493,000
$1,388,000
$1,431,692
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.400
JUL
$1,521,000
AUG SEP
MEDIAN SALES PRICE
OCT
$631
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.521 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
GLENDALE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,057,000
$982,000
$964,000
$1,055,000
-0.2%
Average Price per Square Foot ..............
$499
$514
$484
$535
7.2%
Properties Sold ...................................
72
52
28
61
-15.3%
Properties Pending Sale .......................
63
53
40
68
7.9%
Properties For Sale ..............................
102
68
80
91
-10.8%
Days on Market (Pending Sale) .............
38
33
66
40
5.3%
Month’s Supply of Inventory .................
1.9
1
2.5
1.4
-24.3%
Percent Under Contract .......................
61.2%
79.3%
63.6%
61.8%
0.9%
$891,000
$998,000
$1,077,333
$962,833
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$968
JUL
$1,055,000
AUG SEP
MEDIAN SALES PRICE
OCT
$535
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.057 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LA CRESCENTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$740,000
$833,000
$859,000
$845,000
14.2%
Average Price per Square Foot ..............
$517
$530
$507
$544
5.2%
Properties Sold ...................................
21
14
21
36
71.4%
Properties Pending Sale .......................
16
17
23
30
87.5%
Properties For Sale ..............................
31
14
15
24
-22.6%
Days on Market (Pending Sale) .............
52
44
38
41
-21.2%
Month’s Supply of Inventory .................
1.5
1
0.7
0.7
-54.8%
Percent Under Contract .......................
51.6%
121.4%
153.3%
125.0%
142.2%
$817,667
$943,500
$965,667
$887,846
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$740
JUL
$845,000
AUG SEP
MEDIAN SALES PRICE
OCT
$544
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$845 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NORTH HOLLYWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$593,000
$613,000
$670,000
$636,000
7.3%
Average Price per Square Foot ..............
$445
$451
$447
$460
3.4%
Properties Sold ...................................
46
34
27
48
4.3%
Properties Pending Sale .......................
30
25
28
43
43.3%
Properties For Sale ..............................
52
32
45
46
-11.5%
Days on Market (Pending Sale) .............
47
32
37
35
-25.5%
Month’s Supply of Inventory .................
1.1
0.9
1.7
1
-15.2%
Percent Under Contract .......................
57.7%
78.1%
62.2%
93.5%
62.0%
$546,250
$642,833
$649,667
$617,846
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$593
JUL
$636,000
AUG SEP
MEDIAN SALES PRICE
OCT
$460
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$636 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SHADOW HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$750,000
$1,183,000
$900,000
$925,000
23.3%
Average Price per Square Foot ..............
$357
$282
$374
$511
43.1%
Properties Sold ...................................
3
1
7
3
0.0%
Properties Pending Sale .......................
1
0
8
8
700.0%
Properties For Sale ..............................
10
14
11
10
0.0%
Days on Market (Pending Sale) .............
29
24
31
30
3.4%
Month’s Supply of Inventory .................
3.3
14
1.6
3.3
0.0%
Percent Under Contract .......................
10.0%
0.0%
72.7%
80.0%
700.0%
$793,333
$605,000
$910,000
$741,462
-6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$750
JUL
$925,000
AUG SEP
MEDIAN SALES PRICE
OCT
$511
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$925 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SHERMAN OAKS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,245,000
$1,280,000
$1,325,000
$1,153,000
-7.4%
Average Price per Square Foot ..............
$548
$548
$590
$568
3.6%
Properties Sold ...................................
72
39
51
65
-9.7%
Properties Pending Sale .......................
61
33
60
66
8.2%
Properties For Sale ..............................
152
67
102
126
-17.1%
Days on Market (Pending Sale) .............
53
63
46
46
-13.2%
Month’s Supply of Inventory .................
2.1
1.7
2
1.9
-8.2%
Percent Under Contract .......................
40.1%
49.3%
58.8%
52.4%
30.5%
$1,177,917
$1,267,667
$1,277,333
$1,216,308
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.245
JUL
$1,153,000
AUG SEP
MEDIAN SALES PRICE
OCT
$568
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.153 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
STUDIO CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,340,000
$1,220,000
$1,580,000
$1,513,000
12.9%
Average Price per Square Foot ..............
$691
$654
$648
$656
-5.1%
Properties Sold ...................................
31
29
33
36
16.1%
Properties Pending Sale .......................
36
19
34
36
0.0%
Properties For Sale ..............................
84
54
60
87
3.6%
Days on Market (Pending Sale) .............
52
65
44
40
-23.1%
Month’s Supply of Inventory .................
2.7
1.9
1.8
2.4
-10.8%
Percent Under Contract .......................
42.9%
35.2%
56.7%
41.4%
-3.4%
$1,433,333
$1,570,500
$1,537,667
$1,437,000
0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.340
JUL
$1,513,000
AUG SEP
MEDIAN SALES PRICE
OCT
$656
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.513 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SUN VALLEY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$524,000
$596,000
$545,000
$553,000
5.5%
Average Price per Square Foot ..............
$343
$398
$391
$461
34.4%
Properties Sold ...................................
14
15
21
14
0.0%
Properties Pending Sale .......................
22
17
22
18
-18.2%
Properties For Sale ..............................
21
19
20
24
14.3%
Days on Market (Pending Sale) .............
56
40
42
26
-53.6%
Month’s Supply of Inventory .................
1.5
1.3
1
1.7
14.3%
Percent Under Contract .......................
104.8%
89.5%
110.0%
75.0%
-28.4%
Average Median Price for Last 12 Months
$498,583
$541,667
$542,000
$550,769
10.5%
*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
$524
JUL
$553,000
AUG SEP
MEDIAN SALES PRICE
OCT
$461
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$553 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SUNLAND/TUJUNGA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$593,000
$584,000
$612,000
$577,000
-2.7%
Average Price per Square Foot ..............
$421
$432
$462
$432
2.6%
Properties Sold ...................................
26
14
10
15
-42.3%
Properties Pending Sale .......................
18
16
16
21
16.7%
Properties For Sale ..............................
22
12
15
35
59.1%
Days on Market (Pending Sale) .............
30
27
68
40
33.3%
Month’s Supply of Inventory .................
0.8
0.9
1.5
2.3
175.8%
Percent Under Contract .......................
81.8%
133.3%
106.7%
60.0%
-26.7%
$586,417
$610,833
$613,000
$582,462
-0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$593
JUL
$577,000
AUG SEP
MEDIAN SALES PRICE
OCT
$432
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$577 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TARZANA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$927,000
$966,000
$1,125,000
$1,205,000
30.0%
Average Price per Square Foot ..............
$422
$407
$409
$437
3.6%
Properties Sold ...................................
28
21
35
27
-3.6%
Properties Pending Sale .......................
43
16
31
37
-14.0%
Properties For Sale ..............................
86
62
79
111
29.1%
Days on Market (Pending Sale) .............
68
63
49
53
-22.1%
Month’s Supply of Inventory .................
3.1
3
2.3
4.1
33.9%
Percent Under Contract .......................
50.0%
25.8%
39.2%
33.3%
-33.3%
$1,051,167
$1,138,333
$1,217,333
$1,091,846
3.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$927
JUL
$1,205,000
AUG SEP
MEDIAN SALES PRICE
OCT
$437
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.205 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TOLUCA LAKE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,950,000
$1,425,000
$2,368,000
$1,208,000
-59.1%
Average Price per Square Foot ..............
$648
$547
$689
$802
23.8%
Properties Sold ...................................
5
9
2
8
60.0%
Properties Pending Sale .......................
7
5
6
9
28.6%
Properties For Sale ..............................
16
11
15
26
62.5%
Days on Market (Pending Sale) .............
46
89
69
139
202.2%
Month’s Supply of Inventory .................
3.2
1.2
7.5
3.2
1.6%
Percent Under Contract .......................
43.8%
45.5%
40.0%
34.6%
-20.9%
$1,622,417
$1,445,333
$1,207,000
$1,528,077
-5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.950
JUN JUL
$1,208,000
AUG SEP
MEDIAN SALES PRICE
OCT
$802
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.208 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
VALLEY VILLAGE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$996,000
$1,045,000
$1,074,000
$1,077,000
8.1%
Average Price per Square Foot ..............
$508
$530
$618
$566
11.4%
Properties Sold ...................................
14
15
14
18
28.6%
Properties Pending Sale .......................
24
10
15
15
-37.5%
Properties For Sale ..............................
38
7
18
26
-31.6%
Days on Market (Pending Sale) .............
44
48
55
25
-43.2%
Month’s Supply of Inventory .................
2.7
0.5
1.3
1.4
-46.8%
Percent Under Contract .......................
63.2%
142.9%
83.3%
57.7%
-8.7%
$924,333
$1,087,667
$1,180,000
$1,041,692
12.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$996
JUL
$1,077,000
AUG SEP
MEDIAN SALES PRICE
OCT
$566
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.077 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WESTLAKE VILLAGE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,060,000
$1,190,000
$1,618,000
$1,355,000
27.8%
Average Price per Square Foot ..............
$448
$455
$470
$455
1.6%
Properties Sold ...................................
31
23
28
42
35.5%
Properties Pending Sale .......................
31
23
39
42
35.5%
Properties For Sale ..............................
117
80
102
114
-2.6%
Days on Market (Pending Sale) .............
61
68
68
49
-19.7%
Month’s Supply of Inventory .................
3.8
3.5
3.6
2.7
-28.1%
Percent Under Contract .......................
26.5%
28.7%
38.2%
36.8%
39.0%
$1,239,583
$1,223,500
$1,215,000
$1,221,615
-1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.060
JUL
$1,355,000
AUG SEP
MEDIAN SALES PRICE
OCT
$455
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.355 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WOODLAND HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$795,000
$840,000
$905,000
$845,000
6.3%
Average Price per Square Foot ..............
$406
$381
$382
$402
-1.0%
Properties Sold ...................................
72
63
57
82
13.9%
Properties Pending Sale .......................
85
59
70
75
-11.8%
Properties For Sale ..............................
167
92
117
154
-7.8%
Days on Market (Pending Sale) .............
49
63
69
45
-8.2%
Month’s Supply of Inventory .................
2.3
1.5
2.1
1.9
-19.0%
Percent Under Contract .......................
50.9%
64.1%
59.8%
48.7%
-4.3%
$831,333
$869,167
$857,000
$837,846
0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$795
JUL
$845,000
AUG SEP
MEDIAN SALES PRICE
OCT
$402
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$845 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,090,417
$981,667
$1,144,417
$1,155,500
6.0%
Average Price per Square Foot ..............
$544
$559
$581
$614
12.8%
Properties Sold ...................................
31
24
23
27
-12.9%
Properties Pending Sale .......................
29
22
28
28
-2.0%
Properties For Sale ..............................
61
43
53
68
12.2%
Days on Market (Pending Sale) .............
36
48
49
38
6.8%
Month’s Supply of Inventory .................
2
1.8
2.3
2.5
28.9%
Percent Under Contract .......................
47.1%
51.5%
52.8%
41.1%
-12.7%
$1,054,840
$1,129,167
$1,130,806
$1,093,468
3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.090
JUN JUL
$1,155,500
AUG SEP
MEDIAN SALES PRICE
OCT
$614
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.155 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ALHAMBRA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$685,000
$700,000
$798,000
$715,000
4.4%
Average Price per Square Foot ..............
$432
$490
$503
$517
19.7%
Properties Sold ...................................
27
13
14
23
-14.8%
Properties Pending Sale .......................
21
8
16
20
-4.8%
Properties For Sale ..............................
17
23
25
30
76.5%
Days on Market (Pending Sale) .............
29
28
30
26
-10.3%
Month’s Supply of Inventory .................
0.6
1.8
1.8
1.3
107.2%
Percent Under Contract .......................
123.5%
34.8%
64.0%
66.7%
-46.0%
Average Median Price for Last 12 Months
$650,917
$729,667
$712,000
$706,462
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
$685
JUL
$715,000
AUG SEP
MEDIAN SALES PRICE
OCT
$517
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$715 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ALTADENA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$793,000
$773,000
$765,000
$815,000
2.8%
Average Price per Square Foot ..............
$467
$467
$508
$500
7.1%
Properties Sold ...................................
38
20
39
42
10.5%
Properties Pending Sale .......................
42
29
43
41
-2.4%
Properties For Sale ..............................
39
26
49
58
48.7%
Days on Market (Pending Sale) .............
29
38
36
41
41.4%
Month’s Supply of Inventory .................
1
1.3
1.3
1.4
34.6%
Percent Under Contract .......................
107.7%
111.5%
87.8%
70.7%
-34.4%
Average Median Price for Last 12 Months
$786,583
$808,500
$800,000
$810,231
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$793
JUL
$815,000
AUG SEP
MEDIAN SALES PRICE
OCT
$500
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$815 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ARCADIA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,203,000
$1,414,000
$1,510,000
$1,375,000
14.3%
Average Price per Square Foot ..............
$552
$581
$599
$600
8.7%
Properties Sold ...................................
44
32
33
51
15.9%
Properties Pending Sale .......................
40
29
47
36
-10.0%
Properties For Sale ..............................
227
152
197
220
-3.1%
Days on Market (Pending Sale) .............
36
49
71
56
55.6%
Month’s Supply of Inventory .................
5.2
4.8
6
4.3
-16.4%
Percent Under Contract .......................
17.6%
19.1%
23.9%
16.4%
-7.1%
$1,292,750
$1,410,000
$1,310,000
$1,354,923
4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.203
JUL
$1,375,000
AUG SEP
MEDIAN SALES PRICE
OCT
$600
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.375 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DUARTE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$542,000
$530,000
$643,000
$589,000
8.7%
Average Price per Square Foot ..............
$356
$385
$361
$431
21.1%
Properties Sold ...................................
25
13
14
15
-40.0%
Properties Pending Sale .......................
19
7
15
17
-10.5%
Properties For Sale ..............................
27
21
12
26
-3.7%
Days on Market (Pending Sale) .............
34
26
48
14
-58.8%
Month’s Supply of Inventory .................
1.1
1.6
0.9
1.7
60.5%
Percent Under Contract .......................
70.4%
33.3%
125.0%
65.4%
-7.1%
$486,083
$551,500
$548,000
$536,000
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$542
JUL
$589,000
AUG SEP
MEDIAN SALES PRICE
OCT
$431
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$589 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
EAGLE ROCK
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$824,000
$863,000
$857,000
$805,000
-2.3%
Average Price per Square Foot ..............
$510
$540
$583
$692
35.7%
Properties Sold ...................................
13
22
13
5
-61.5%
Properties Pending Sale .......................
4
23
14
6
50.0%
Properties For Sale ..............................
9
16
21
7
-22.2%
Days on Market (Pending Sale) .............
43
39
26
40
-7.0%
Month’s Supply of Inventory .................
0.7
0.7
1.6
1.4
102.2%
Percent Under Contract .......................
44.4%
143.8%
66.7%
85.7%
92.9%
$793,917
$907,000
$878,667
$882,692
11.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$824
JUL
$805,000
AUG SEP
MEDIAN SALES PRICE
OCT
$692
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$805 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LA CANADA FLINTRIDGE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,888,000
$1,011,000
$2,079,000
$2,200,000
16.5%
Average Price per Square Foot ..............
$626
$625
$688
$674
7.7%
Properties Sold ...................................
30
39
15
25
-16.7%
Properties Pending Sale .......................
20
37
24
29
45.0%
Properties For Sale ..............................
52
41
50
64
23.1%
Days on Market (Pending Sale) .............
45
44
33
57
26.7%
Month’s Supply of Inventory .................
1.7
1.1
3.3
2.6
47.7%
Percent Under Contract .......................
38.5%
90.2%
48.0%
45.3%
17.8%
$1,808,833
$1,907,833
$1,947,667
$1,783,769
-1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.888
JUL
$2,200,000
AUG SEP
MEDIAN SALES PRICE
OCT
$674
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MONROVIA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$725,000
$795,000
$713,000
$751,000
3.6%
Average Price per Square Foot ..............
$436
$498
$499
$493
13.1%
Properties Sold ...................................
32
48
22
21
-34.4%
Properties Pending Sale .......................
38
45
19
35
-7.9%
Properties For Sale ..............................
48
40
31
46
-4.2%
Days on Market (Pending Sale) .............
38
41
27
39
2.6%
Month’s Supply of Inventory .................
1.5
0.8
1.4
2.2
46.0%
Percent Under Contract .......................
79.2%
112.5%
61.3%
76.1%
-3.9%
$658,083
$713,667
$737,667
$722,077
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$725
JUL
$751,000
AUG SEP
MEDIAN SALES PRICE
OCT
$493
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$751 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PASADENA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$950,000
$983,000
$1,100,000
$963,000
1.4%
Average Price per Square Foot ..............
$567
$607
$587
$596
5.1%
Properties Sold ...................................
103
56
69
88
-14.6%
Properties Pending Sale .......................
94
43
96
96
2.1%
Properties For Sale ..............................
165
110
154
198
20.0%
Days on Market (Pending Sale) .............
48
37
44
41
-14.6%
Month’s Supply of Inventory .................
1.6
2
2.2
2.2
40.5%
Percent Under Contract .......................
57.0%
39.1%
62.3%
48.5%
-14.9%
$864,833
$1,010,167
$1,034,000
$978,538
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$950
JUL
$963,000
AUG SEP
MEDIAN SALES PRICE
OCT
$596
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$963 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN GABRIEL
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$785,000
$800,000
$785,000
$789,000
0.5%
Average Price per Square Foot ..............
$479
$497
$490
$509
6.3%
Properties Sold ...................................
19
17
22
23
21.1%
Properties Pending Sale .......................
29
21
22
25
-13.8%
Properties For Sale ..............................
54
32
26
59
9.3%
Days on Market (Pending Sale) .............
32
50
57
23
-28.1%
Month’s Supply of Inventory .................
2.8
1.9
1.2
2.6
-9.7%
Percent Under Contract .......................
53.7%
65.6%
84.6%
42.4%
-21.1%
$741,250
$786,667
$754,000
$799,077
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$785
JUL
$789,000
AUG SEP
MEDIAN SALES PRICE
OCT
$509
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$789 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN MARINO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,345,000
$1,807,000
$1,760,000
$2,100,000
-10.4%
Average Price per Square Foot ..............
$882
$964
$934
$906
2.7%
Properties Sold ...................................
12
12
9
9
-25.0%
Properties Pending Sale .......................
14
9
11
13
-7.1%
Properties For Sale ..............................
55
27
41
66
20.0%
Days on Market (Pending Sale) .............
38
105
90
44
15.8%
Month’s Supply of Inventory .................
4.6
2.2
4.6
7.3
60.0%
Percent Under Contract .......................
25.5%
33.3%
26.8%
19.7%
-22.6%
$2,206,667
$2,125,833
$2,167,333
$2,104,077
-4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.345
JUN JUL
$2,100,000
AUG SEP
MEDIAN SALES PRICE
OCT
$906
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SIERRA MADRE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$975,000
$820,000
$1,098,000
$1,434,000
47.1%
Average Price per Square Foot ..............
$517
$492
$468
$651
25.9%
Properties Sold ...................................
13
11
12
8
-38.5%
Properties Pending Sale .......................
9
6
16
6
-33.3%
Properties For Sale ..............................
24
15
15
29
20.8%
Days on Market (Pending Sale) .............
35
52
93
37
5.7%
Month’s Supply of Inventory .................
1.8
1.4
1.2
3.6
96.4%
Percent Under Contract .......................
37.5%
40.0%
106.7%
20.7%
-44.8%
$1,056,500
$1,064,000
$1,256,000
$1,037,077
-1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$975
JUL
$1,434,000
AUG SEP
MEDIAN SALES PRICE
OCT
$651
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.434 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SOUTH PASADENA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,370,000
$1,284,000
$1,625,000
$1,330,000
-2.9%
Average Price per Square Foot ..............
$704
$567
$748
$794
12.8%
Properties Sold ...................................
15
5
10
13
-13.3%
Properties Pending Sale .......................
14
6
12
13
-7.1%
Properties For Sale ..............................
13
8
14
16
23.1%
Days on Market (Pending Sale) .............
19
67
32
37
94.7%
Month’s Supply of Inventory .................
0.9
1.6
1.4
1.2
42.0%
Percent Under Contract .......................
107.7%
75.0%
85.7%
81.2%
-24.6%
$1,311,667
$1,535,167
$1,424,333
$1,406,692
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.370
JUL
$1,330,000
AUG SEP
MEDIAN SALES PRICE
OCT
$794
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.330 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : June 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : June 2018
ORANGE COUNTY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$790,000
$785,000
$820,000
$829,500
5.0%
Average Price per Square Foot ..............
$450
$479
$471
$496
10.2%
Properties Sold ...................................
2066
1365
1601
1864
-9.8%
Properties Pending Sale .......................
1959
1068
1864
1741
-11.1%
Properties For Sale ..............................
6,880
4,175
5,593
6,890
0.1%
Days on Market (Pending Sale) .............
40
52
36
38
-5.0%
Month’s Supply of Inventory .................
3.3
3.1
3.5
3.7
11.0%
Percent Under Contract .......................
28.5%
25.6%
33.3%
25.3%
-11.3%
$750,621
$810,917
$823,167
$796,000
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $790
JUN JUL
$829,500
AUG SEP
MEDIAN SALES PRICE
OCT
$496
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$829 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ALISO VIEJO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$815,000
$780,000
$817,500
$900,000
10.4%
Average Price per Square Foot ..............
$394
$401
$429
$427
8.4%
Properties Sold ...................................
31
9
12
21
-32.3%
Properties Pending Sale .......................
26
6
19
17
-34.6%
Properties For Sale ..............................
64
15
39
63
-1.6%
Days on Market (Pending Sale) .............
48
52
13
28
-41.7%
Month’s Supply of Inventory .................
2.1
1.7
3.2
3
45.3%
Percent Under Contract .......................
40.6%
40.0%
48.7%
27.0%
-33.6%
$799,579
$847,408
$866,650
$828,262
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$815
JUL
$900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$427
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BALBOA PENINSULA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,712,500
$2,675,000
$12,300,000
$2,965,000
9.3%
Average Price per Square Foot ..............
$1,408
$1,515
$1,864
$1,639
16.4%
Properties Sold ...................................
9
7
1
5
-44.4%
Properties Pending Sale .......................
4
8
7
7
75.0%
Properties For Sale ..............................
42
34
44
52
23.8%
Days on Market (Pending Sale) .............
122
75
70
49
-59.8%
Month’s Supply of Inventory .................
4.7
4.9
44
10.4
122.9%
Percent Under Contract .......................
9.5%
23.5%
15.9%
13.5%
41.3%
$3,242,875
$5,126,417
$3,531,167
$3,884,308
19.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.712
JUL
$2,965,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,639
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
10.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.965 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CORONA DEL MAR - SPYGLASS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,875,000
$2,803,000
$3,214,062
$2,950,000
2.6%
Average Price per Square Foot ..............
$1,347
$1,219
$1,156
$1,114
-17.3%
Properties Sold ...................................
13
13
12
15
15.4%
Properties Pending Sale .......................
11
11
12
11
0.0%
Properties For Sale ..............................
83
63
81
95
14.5%
Days on Market (Pending Sale) .............
86
85
75
101
17.4%
Month’s Supply of Inventory .................
6.4
4.8
6.8
6.3
-0.8%
Percent Under Contract .......................
13.3%
17.5%
14.8%
11.6%
-12.6%
$2,862,158
$3,408,510
$3,361,667
$3,059,851
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.875
JUL
$2,950,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,114
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.950 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
COTO DE CAZA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,615,500
$1,300,000
$1,050,000
$1,370,000
-15.2%
Average Price per Square Foot ..............
$391
$329
$375
$391
0.0%
Properties Sold ...................................
32
13
24
19
-40.6%
Properties Pending Sale .......................
17
10
23
23
35.3%
Properties For Sale ..............................
120
75
122
145
20.8%
Days on Market (Pending Sale) .............
56
54
53
39
-30.4%
Month’s Supply of Inventory .................
3.8
5.8
5.1
7.6
103.5%
Percent Under Contract .......................
14.2%
13.3%
18.9%
15.9%
12.0%
$1,208,169
$1,292,921
$1,364,167
$1,283,271
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.615
JUN JUL
$1,370,000
AUG SEP
MEDIAN SALES PRICE
OCT
$391
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.370 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CRYSTAL COVE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$4,900,000
$6,891,532
$21,000,000
$8,712,500
77.8%
Average Price per Square Foot ..............
$1,195
$1,071
$1,842
$1,334
11.6%
Properties Sold ...................................
1
4
1
6
500.0%
Properties Pending Sale .......................
5
3
1
4
-20.0%
Properties For Sale ..............................
23
23
21
32
39.1%
Days on Market (Pending Sale) .............
193
77
48
22
-88.6%
Month’s Supply of Inventory .................
23
5.8
21
5.3
-76.8%
Percent Under Contract .......................
21.7%
13.0%
4.8%
12.5%
-42.5%
$6,253,979
$9,157,083
$7,847,500
$8,209,503
31.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$4.900
JUL
$8,712,500
AUG SEP
MEDIAN SALES PRICE
OCT
$1,334
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$8.712 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DANA POINT
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$997,500
$1,075,000
$1,265,000
$1,185,000
18.8%
Average Price per Square Foot ..............
$663
$627
$667
$816
23.1%
Properties Sold ...................................
36
18
33
37
2.8%
Properties Pending Sale .......................
34
18
40
38
11.8%
Properties For Sale ..............................
204
127
167
196
-3.9%
Days on Market (Pending Sale) .............
71
92
56
52
-26.8%
Month’s Supply of Inventory .................
5.7
7.1
5.1
5.3
-6.5%
Percent Under Contract .......................
16.7%
14.2%
24.0%
19.4%
16.3%
$1,011,896
$1,203,250
$1,277,500
$1,173,308
16.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$997
JUL
$1,185,000
AUG SEP
MEDIAN SALES PRICE
OCT
$816
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.185 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
EAST BLUFF - HARBOR VIEW
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,800,000
$1,877,500
$1,985,000
$1,910,750
6.2%
Average Price per Square Foot ..............
$675
$723
$704
$743
10.1%
Properties Sold ...................................
23
19
17
20
-13.0%
Properties Pending Sale .......................
22
10
23
21
-4.5%
Properties For Sale ..............................
122
80
110
116
-4.9%
Days on Market (Pending Sale) .............
57
97
64
59
3.5%
Month’s Supply of Inventory .................
5.3
4.2
6.5
5.8
9.3%
Percent Under Contract .......................
18.0%
12.5%
20.9%
18.1%
0.4%
$1,885,468
$2,188,875
$1,967,750
$2,102,481
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.800
JUL
$1,910,750
AUG SEP
MEDIAN SALES PRICE
OCT
$743
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.910 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
EAST COSTA MESA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,105,000
$1,125,000
$1,260,000
$1,168,000
5.7%
Average Price per Square Foot ..............
$580
$532
$592
$630
8.6%
Properties Sold ...................................
26
13
23
22
-15.4%
Properties Pending Sale .......................
17
14
14
15
-11.8%
Properties For Sale ..............................
76
53
58
85
11.8%
Days on Market (Pending Sale) .............
37
60
31
58
56.8%
Month’s Supply of Inventory .................
2.9
4.1
2.5
3.9
32.2%
Percent Under Contract .......................
22.4%
26.4%
24.1%
17.6%
-21.1%
$1,037,945
$1,100,083
$1,080,833
$1,060,836
2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.105
JUL
$1,168,000
AUG SEP
MEDIAN SALES PRICE
OCT
$630
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.168 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
FOUNTAIN VALLEY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$787,000
$769,500
$823,000
$855,000
8.6%
Average Price per Square Foot ..............
$391
$421
$412
$420
7.4%
Properties Sold ...................................
46
18
28
42
-8.7%
Properties Pending Sale .......................
37
17
28
26
-29.7%
Properties For Sale ..............................
77
43
62
83
7.8%
Days on Market (Pending Sale) .............
23
34
19
24
4.3%
Month’s Supply of Inventory .................
1.7
2.4
2.2
2
18.1%
Percent Under Contract .......................
48.1%
39.5%
45.2%
31.3%
-34.8%
$772,683
$825,083
$830,000
$798,077
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $787
JUN JUL
$855,000
AUG SEP
MEDIAN SALES PRICE
OCT
$420
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$855 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HUNTINGTON BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$910,000
$875,000
$847,000
$895,000
-1.6%
Average Price per Square Foot ..............
$502
$529
$506
$500
-0.4%
Properties Sold ...................................
109
90
99
105
-3.7%
Properties Pending Sale .......................
130
58
118
84
-35.4%
Properties For Sale ..............................
369
201
282
318
-13.8%
Days on Market (Pending Sale) .............
31
45
35
35
12.9%
Month’s Supply of Inventory .................
3.4
2.2
2.8
3
-10.5%
Percent Under Contract .......................
35.2%
28.9%
41.8%
26.4%
-25.0%
$825,917
$887,500
$896,000
$887,577
7.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $910
JUN JUL
$895,000
AUG SEP
MEDIAN SALES PRICE
OCT
$500
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$895 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
IRVINE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,019,000
$1,130,000
$1,200,000
$1,180,000
15.8%
Average Price per Square Foot ..............
$486
$479
$480
$517
6.4%
Properties Sold ...................................
118
97
93
116
-1.7%
Properties Pending Sale .......................
108
60
111
104
-3.7%
Properties For Sale ..............................
472
273
387
507
7.4%
Days on Market (Pending Sale) .............
48
43
37
41
-14.6%
Month’s Supply of Inventory .................
4
2.8
4.2
4.4
9.3%
Percent Under Contract .......................
22.9%
22.0%
28.7%
20.5%
-10.4%
$1,076,374
$1,190,750
$1,203,000
$1,152,769
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.019
JUL
$1,180,000
AUG SEP
MEDIAN SALES PRICE
OCT
$517
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.180 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LADERA RANCH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$944,450
$1,060,000
$1,029,000
$1,020,500
8.1%
Average Price per Square Foot ..............
$360
$394
$375
$406
12.8%
Properties Sold ...................................
36
23
28
34
-5.6%
Properties Pending Sale .......................
45
9
30
28
-37.8%
Properties For Sale ..............................
141
77
104
114
-19.1%
Days on Market (Pending Sale) .............
35
31
42
26
-25.7%
Month’s Supply of Inventory .................
3.9
3.3
3.7
3.4
-14.4%
Percent Under Contract .......................
31.9%
11.7%
28.8%
24.6%
-23.0%
$899,038
$1,017,775
$1,087,500
$982,308
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$944
JUL
$1,020,500
AUG SEP
MEDIAN SALES PRICE
OCT
$406
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.020 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LAGUNA BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,860,000
$2,147,500
$1,918,750
$1,680,000
-9.7%
Average Price per Square Foot ..............
$1,098
$1,382
$1,010
$1,253
14.1%
Properties Sold ...................................
29
22
28
35
20.7%
Properties Pending Sale .......................
23
21
34
32
39.1%
Properties For Sale ..............................
268
214
271
307
14.6%
Days on Market (Pending Sale) .............
101
126
83
96
-5.0%
Month’s Supply of Inventory .................
9.2
9.7
9.7
8.8
-5.1%
Percent Under Contract .......................
8.6%
9.8%
12.5%
10.4%
21.5%
$2,045,216
$2,132,708
$2,005,000
$2,013,288
-1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.860
JUL
$1,680,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,253
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.680 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LAGUNA NIGUEL
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$970,000
$874,900
$911,750
$990,400
2.1%
Average Price per Square Foot ..............
$415
$456
$437
$443
6.7%
Properties Sold ...................................
73
47
60
68
-6.8%
Properties Pending Sale .......................
78
23
68
54
-30.8%
Properties For Sale ..............................
279
146
213
257
-7.9%
Days on Market (Pending Sale) .............
39
63
31
43
10.3%
Month’s Supply of Inventory .................
3.8
3.1
3.6
3.8
-1.1%
Percent Under Contract .......................
28.0%
15.8%
31.9%
21.0%
-24.8%
$902,225
$961,671
$994,258
$958,533
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $970
JUN JUL
$990,400
AUG SEP
MEDIAN SALES PRICE
OCT
$443
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$990 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LAGUNA HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$855,000
$932,500
$885,000
$880,000
2.9%
Average Price per Square Foot ..............
$382
$398
$389
$429
12.3%
Properties Sold ...................................
30
14
37
23
-23.3%
Properties Pending Sale .......................
23
17
27
28
21.7%
Properties For Sale ..............................
105
60
81
114
8.6%
Days on Market (Pending Sale) .............
31
50
50
27
-12.9%
Month’s Supply of Inventory .................
3.5
4.3
2.2
5
41.6%
Percent Under Contract .......................
21.9%
28.3%
33.3%
24.6%
12.1%
$824,301
$895,583
$855,833
$870,115
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$855
JUL
$880,000
AUG SEP
MEDIAN SALES PRICE
OCT
$429
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$880 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LAGUNA WOODS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$0
$729,500
$0
$0
n/a
Average Price per Square Foot ..............
$0
$458
$0
$0
n/a
Properties Sold ...................................
0
1
0
0
n/a
Properties Pending Sale .......................
0
1
0
0
n/a
Properties For Sale ..............................
0
2
2
0
n/a
Days on Market (Pending Sale) .............
0
33
0
0
n/a
Month’s Supply of Inventory .................
n/a
2
n/a
n/a
n/a
Percent Under Contract .......................
n/a
50.0%
0.0%
n/a
n/a
Average Median Price for Last 12 Months
$0
$860,000
n/a
$854,833
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT 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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,072,500
$986,500
$924,000
$1,298,500
21.1%
Average Price per Square Foot ..............
$468
$438
$614
$662
41.5%
Properties Sold ...................................
4
2
3
8
100.0%
Properties Pending Sale .......................
2
4
4
6
200.0%
Properties For Sale ..............................
27
19
23
34
25.9%
Days on Market (Pending Sale) .............
36
116
26
68
88.9%
Month’s Supply of Inventory .................
6.8
9.5
7.7
4.2
-37.0%
Percent Under Contract .......................
7.4%
21.1%
17.4%
17.6%
138.2%
$965,000
$1,322,750
$1,461,167
$1,158,308
20.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.072
JUL
$1,298,500
AUG SEP
MEDIAN SALES PRICE
OCT
$662
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.298 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$3,400,000
$2,260,000
$4,200,000
$2,850,000
-16.2%
Average Price per Square Foot ..............
$1,327
$1,010
$1,446
$1,640
23.6%
Properties Sold ...................................
3
5
6
5
66.7%
Properties Pending Sale .......................
2
1
6
7
250.0%
Properties For Sale ..............................
36
23
25
39
8.3%
Days on Market (Pending Sale) .............
30
634
60
143
376.7%
Month’s Supply of Inventory .................
12
4.6
4.2
7.8
-35.0%
Percent Under Contract .......................
5.6%
4.3%
24.0%
17.9%
223.1%
$3,323,263
$3,786,250
$4,000,000
$3,618,846
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$3.400
JUL
$2,850,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,640
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MISSION VIEJO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$720,000
$739,500
$765,000
$758,000
5.3%
Average Price per Square Foot ..............
$368
$369
$387
$397
7.9%
Properties Sold ...................................
106
68
95
94
-11.3%
Properties Pending Sale .......................
107
68
5
104
-2.8%
Properties For Sale ..............................
290
158
33
331
14.1%
Days on Market (Pending Sale) .............
37
40
70
36
-2.7%
Month’s Supply of Inventory .................
2.7
2.3
0.3
3.5
28.7%
Percent Under Contract .......................
36.9%
43.0%
15.2%
31.4%
-14.8%
$710,996
$760,917
$772,667
$748,942
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$720
JUL
$758,000
AUG SEP
MEDIAN SALES PRICE
OCT
$397
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$758 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MONARCH BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,610,000
$1,125,000
$1,649,000
$1,425,000
-11.5%
Average Price per Square Foot ..............
$775
$685
$928
$1,175
51.6%
Properties Sold ...................................
15
9
13
15
0.0%
Properties Pending Sale .......................
16
6
13
15
-6.2%
Properties For Sale ..............................
92
56
72
76
-17.4%
Days on Market (Pending Sale) .............
94
78
76
40
-57.4%
Month’s Supply of Inventory .................
6.1
6.2
5.5
5.1
-17.4%
Percent Under Contract .......................
17.4%
10.7%
18.1%
19.7%
13.5%
$1,795,448
$1,745,583
$1,958,167
$1,687,936
-6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.610
JUL
$1,425,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,175
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.425 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NELLE GAIL
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$862,500
$920,000
$892,500
$892,750
3.5%
Average Price per Square Foot ..............
$381
$386
$389
$430
12.9%
Properties Sold ...................................
28
15
36
22
-21.4%
Properties Pending Sale .......................
23
17
26
27
17.4%
Properties For Sale ..............................
105
60
80
112
6.7%
Days on Market (Pending Sale) .............
31
50
52
28
-9.7%
Month’s Supply of Inventory .................
3.8
4
2.2
5.1
35.8%
Percent Under Contract .......................
21.9%
28.3%
32.5%
24.1%
10.1%
$842,148
$899,375
$860,917
$872,250
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$862
JUL
$892,750
AUG SEP
MEDIAN SALES PRICE
OCT
$430
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$892 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NEWPORT BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,125,000
$2,150,000
$1,985,000
$2,290,000
7.8%
Average Price per Square Foot ..............
$913
$998
$972
$1,232
34.9%
Properties Sold ...................................
62
49
43
58
-6.5%
Properties Pending Sale .......................
61
31
65
62
1.6%
Properties For Sale ..............................
376
253
309
348
-7.4%
Days on Market (Pending Sale) .............
75
96
59
67
-10.7%
Month’s Supply of Inventory .................
6.1
5.2
7.2
6
-1.1%
Percent Under Contract .......................
16.2%
12.3%
21.0%
17.8%
9.8%
$2,069,417
$2,332,583
$2,270,167
$2,309,077
11.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.125
JUL
$2,290,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,232
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.290 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NEWPORT COAST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$3,050,000
$4,949,500
$2,760,000
$6,100,000
100.0%
Average Price per Square Foot ..............
$1,042
$1,037
$1,082
$1,135
8.9%
Properties Sold ...................................
17
16
14
12
-29.4%
Properties Pending Sale .......................
10
8
12
8
-20.0%
Properties For Sale ..............................
96
80
80
105
9.4%
Days on Market (Pending Sale) .............
127
129
56
54
-57.5%
Month’s Supply of Inventory .................
5.6
5
5.7
8.7
54.9%
Percent Under Contract .......................
10.4%
10.0%
15.0%
7.6%
-26.9%
$3,166,344
$3,661,083
$4,176,333
$3,910,346
23.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$3.050
JUL
$6,100,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,135
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
8.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$6.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NEWPORT HEIGHTS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,586,500
$1,650,000
$2,942,500
$1,650,000
-36.2%
Average Price per Square Foot ..............
$594
$794
$800
$916
54.2%
Properties Sold ...................................
4
5
2
9
125.0%
Properties Pending Sale .......................
4
3
5
4
0.0%
Properties For Sale ..............................
44
34
33
33
-25.0%
Days on Market (Pending Sale) .............
137
61
70
64
-53.3%
Month’s Supply of Inventory .................
11
6.8
16.5
3.7
-66.7%
Percent Under Contract .......................
9.1%
8.8%
15.2%
12.1%
33.3%
$2,085,219
$2,400,417
$1,816,667
$2,392,885
14.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.586
JUN JUL
$1,650,000
AUG SEP
MEDIAN SALES PRICE
OCT
$916
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
RANCHO SANTA MARGARITA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$825,000
$802,000
$770,000
$783,000
-5.1%
Average Price per Square Foot ..............
$344
$345
$377
$374
8.7%
Properties Sold ...................................
65
39
49
56
-13.8%
Properties Pending Sale .......................
52
23
48
30
-42.3%
Properties For Sale ..............................
137
55
99
140
2.2%
Days on Market (Pending Sale) .............
35
55
31
31
-11.4%
Month’s Supply of Inventory .................
2.1
1.4
2
2.5
18.6%
Percent Under Contract .......................
38.0%
41.8%
48.5%
21.4%
-43.5%
$738,417
$809,833
$818,333
$789,846
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $825
JUN JUL
$783,000
AUG SEP
MEDIAN SALES PRICE
OCT
$374
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$783 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN CLEMENTE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$972,500
$1,009,500
$1,060,000
$1,097,000
12.8%
Average Price per Square Foot ..............
$424
$424
$473
$435
2.6%
Properties Sold ...................................
74
52
77
74
0.0%
Properties Pending Sale .......................
73
46
70
77
5.5%
Properties For Sale ..............................
319
189
283
306
-4.1%
Days on Market (Pending Sale) .............
44
65
43
42
-4.5%
Month’s Supply of Inventory .................
4.3
3.6
3.7
4.1
-4.1%
Percent Under Contract .......................
22.9%
24.3%
24.7%
25.2%
10.0%
$939,298
$1,057,583
$1,065,667
$1,015,743
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$972
JUL
$1,097,000
AUG SEP
MEDIAN SALES PRICE
OCT
$435
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.097 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN JUAN CAPISTRANO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,300,000
$820,000
$1,200,000
$1,050,525
-19.2%
Average Price per Square Foot ..............
$382
$386
$403
$405
6.0%
Properties Sold ...................................
35
27
33
38
8.6%
Properties Pending Sale .......................
49
23
29
35
-28.6%
Properties For Sale ..............................
188
119
132
160
-14.9%
Days on Market (Pending Sale) .............
50
62
62
64
28.0%
Month’s Supply of Inventory .................
5.4
4.4
4
4.2
-21.6%
Percent Under Contract .......................
26.1%
19.3%
22.0%
21.9%
-16.1%
$974,958
$1,145,666
$1,112,484
$1,077,637
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.300
JUN JUL
$1,050,525
AUG SEP
MEDIAN SALES PRICE
OCT
$405
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SEAL BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$925,000
$925,000
$1,060,000
$1,134,500
22.6%
Average Price per Square Foot ..............
$476
$451
$600
$528
10.9%
Properties Sold ...................................
13
6
12
6
-53.8%
Properties Pending Sale .......................
9
12
13
15
66.7%
Properties For Sale ..............................
45
27
28
40
-11.1%
Days on Market (Pending Sale) .............
59
59
36
18
-69.5%
Month’s Supply of Inventory .................
3.5
4.5
2.3
6.7
92.6%
Percent Under Contract .......................
20.0%
44.4%
46.4%
37.5%
87.5%
$997,479
$1,035,000
$1,057,000
$994,188
-0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$925
JUL
$1,134,500
AUG SEP
MEDIAN SALES PRICE
OCT
$528
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.134 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SHADY CANYON
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,585,000
$1,650,000
$1,680,000
$2,600,000
64.0%
Average Price per Square Foot ..............
$655
$588
$571
$703
7.3%
Properties Sold ...................................
11
12
13
11
0.0%
Properties Pending Sale .......................
13
9
14
8
-38.5%
Properties For Sale ..............................
96
64
73
102
6.2%
Days on Market (Pending Sale) .............
59
59
31
75
27.1%
Month’s Supply of Inventory .................
8.7
5.3
5.6
9.3
6.3%
Percent Under Contract .......................
13.5%
14.1%
19.2%
7.8%
-42.1%
$1,914,193
$2,093,491
$2,405,481
$1,947,964
1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.585
JUL
$2,600,000
AUG SEP
MEDIAN SALES PRICE
OCT
$703
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TURTLE RIDGE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,300,000
$0
$1,970,000
$2,744,400
19.3%
Average Price per Square Foot ..............
$628
$564
$639
$705
12.3%
Properties Sold ...................................
1
0
3
6
500.0%
Properties Pending Sale .......................
1
1
3
3
200.0%
Properties For Sale ..............................
24
19
18
26
8.3%
Days on Market (Pending Sale) .............
83
171
73
69
-16.9%
Month’s Supply of Inventory .................
24
n/a
6
4.3
-81.9%
Percent Under Contract .......................
4.2%
5.3%
16.7%
11.5%
176.9%
$2,124,413
$2,325,458
$2,321,096
$2,356,929
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.300
JUL
$2,744,400
AUG SEP
MEDIAN SALES PRICE
OCT
$705
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.744 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
TURTLE ROCK
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,585,000
$1,550,000
$1,530,000
$1,587,500
0.2%
Average Price per Square Foot ..............
$668
$564
$564
$626
-6.3%
Properties Sold ...................................
9
7
7
4
-55.6%
Properties Pending Sale .......................
10
5
7
4
-60.0%
Properties For Sale ..............................
54
17
24
37
-31.5%
Days on Market (Pending Sale) .............
85
46
11
78
-8.2%
Month’s Supply of Inventory .................
6
2.4
3.4
9.2
54.2%
Percent Under Contract .......................
18.5%
29.4%
29.2%
10.8%
-41.6%
$1,852,096
$1,693,083
$1,854,167
$1,686,769
-8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.585
JUL
$1,587,500
AUG SEP
MEDIAN SALES PRICE
OCT
$626
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.587 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WESTMINSTER
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$638,000
$648,900
$667,500
$690,000
8.2%
Average Price per Square Foot ..............
$365
$408
$411
$407
11.5%
Properties Sold ...................................
43
29
24
41
-4.7%
Properties Pending Sale .......................
47
23
33
28
-40.4%
Properties For Sale ..............................
94
56
64
86
-8.5%
Days on Market (Pending Sale) .............
27
26
20
18
-33.3%
Month’s Supply of Inventory .................
2.2
1.9
2.7
2.1
-4.0%
Percent Under Contract .......................
50.0%
41.1%
51.6%
32.6%
-34.9%
$619,542
$677,758
$684,167
$657,650
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$638
JUL
$690,000
AUG SEP
MEDIAN SALES PRICE
OCT
$407
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$690 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,743,750
$2,120,000
$1,699,500
$2,190,000
25.6%
Average Price per Square Foot ..............
$697
$810
$705
$2,064
196.1%
Properties Sold ...................................
14
10
12
11
-21.4%
Properties Pending Sale .......................
20
6
13
10
-50.0%
Properties For Sale ..............................
67
39
43
56
-16.4%
Days on Market (Pending Sale) .............
61
66
15
68
11.5%
Month’s Supply of Inventory .................
4.8
3.9
3.6
5.1
6.4%
Percent Under Contract .......................
29.9%
15.4%
30.2%
17.9%
-40.2%
$1,666,958
$1,827,330
$1,890,167
$1,856,364
11.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.743
JUL
$2,190,000
AUG SEP
MEDIAN SALES PRICE
OCT
$2,064
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.190 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST NEWPORT - LIDO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$3,875,000
$5,850,000
$4,784,000
$3,249,998
-16.1%
Average Price per Square Foot ..............
$1,545
$2,834
$1,559
$1,078
-30.2%
Properties Sold ...................................
9
3
5
8
-11.1%
Properties Pending Sale .......................
9
3
11
12
33.3%
Properties For Sale ..............................
63
42
51
49
-22.2%
Days on Market (Pending Sale) .............
116
61
90
53
-54.3%
Month’s Supply of Inventory .................
7
14
10.2
6.1
-12.5%
Percent Under Contract .......................
14.3%
7.1%
21.6%
24.5%
71.4%
$2,776,792
$2,981,083
$3,019,166
$3,270,958
17.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$3.875
JUL
$3,249,998
AUG SEP
MEDIAN SALES PRICE
OCT
$1,078
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$3.249 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : June 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : June 2018
CARPINTERIA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,060,000
$1,250,000
$917,791
$1,100,000
3.8%
Average Price per Square Foot ..............
$744
$1,645
$497
$807
8.5%
Properties Sold ...................................
5
4
7
9
80.0%
Properties Pending Sale .......................
4
4
11
4
0.0%
Properties For Sale ..............................
43
28
31
36
-16.3%
Days on Market (Pending Sale) .............
123
24
41
40
-67.5%
Month’s Supply of Inventory .................
8.6
7
4.4
4
-53.5%
Percent Under Contract .......................
9.3%
14.3%
35.5%
11.1%
19.4%
$1,077,625
$1,057,215
$1,026,000
$1,105,022
2.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.060
JUL
$1,100,000
AUG SEP
MEDIAN SALES PRICE
OCT
$807
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
GOLETA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$870,000
$885,000
$806,250
$925,000
6.3%
Average Price per Square Foot ..............
$529
$586
$478
$485
-8.3%
Properties Sold ...................................
15
6
12
8
-46.7%
Properties Pending Sale .......................
14
6
11
18
28.6%
Properties For Sale ..............................
38
24
26
34
-10.5%
Days on Market (Pending Sale) .............
34
28
26
62
82.4%
Month’s Supply of Inventory .................
2.5
4
2.2
4.2
67.8%
Percent Under Contract .......................
36.8%
25.0%
42.3%
52.9%
43.7%
$835,094
$862,729
$910,042
$871,625
4.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$870
JUL
$925,000
AUG SEP
MEDIAN SALES PRICE
OCT
$485
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$925 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
HOPE RANCH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,595,000
$3,496,750
$3,400,000
$7,250,000
179.4%
Average Price per Square Foot ..............
$764
$613
$882
$1,265
65.6%
Properties Sold ...................................
4
4
7
1
-75.0%
Properties Pending Sale .......................
2
2
6
3
50.0%
Properties For Sale ..............................
33
34
30
28
-15.2%
Days on Market (Pending Sale) .............
228
78
97
74
-67.5%
Month’s Supply of Inventory .................
8.2
8.5
4.3
28
239.4%
Percent Under Contract .......................
6.1%
5.9%
20.0%
10.7%
76.8%
$2,573,838
$5,612,642
$7,035,000
$4,584,546
78.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.595
JUL
$7,250,000
AUG SEP
MEDIAN SALES PRICE
OCT
$1,265
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
28 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$7.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MONTECITO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$4,200,000
$2,413,750
$3,902,500
$2,285,000
-45.6%
Average Price per Square Foot ..............
$1,043
$630
$1,396
$868
-16.8%
Properties Sold ...................................
17
16
8
15
-11.8%
Properties Pending Sale .......................
14
5
10
14
0.0%
Properties For Sale ..............................
179
126
126
147
-17.9%
Days on Market (Pending Sale) .............
118
67
113
44
-62.7%
Month’s Supply of Inventory .................
10.5
7.9
15.8
9.8
-6.9%
Percent Under Contract .......................
7.8%
4.0%
7.9%
9.5%
21.8%
$2,942,958
$3,189,879
$3,394,000
$3,110,749
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $4.200
JUN JUL
$2,285,000
AUG SEP
MEDIAN SALES PRICE
OCT
$868
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
9.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.285 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA BARBARA EAST OF STATE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,442,000
$1,556,388
$1,504,125
$1,275,375
-11.6%
Average Price per Square Foot ..............
$676
$736
$712
$695
2.8%
Properties Sold ...................................
42
20
22
38
-9.5%
Properties Pending Sale .......................
35
14
29
31
-11.4%
Properties For Sale ..............................
138
96
118
159
15.2%
Days on Market (Pending Sale) .............
40
50
41
59
47.5%
Month’s Supply of Inventory .................
3.3
4.8
5.4
4.2
27.3%
Percent Under Contract .......................
25.4%
14.6%
24.6%
19.5%
-23.1%
$1,321,014
$1,517,583
$1,375,125
$1,455,607
10.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.442
JUL
$1,275,375
AUG SEP
MEDIAN SALES PRICE
OCT
$695
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA BARBARA WEST OF STATE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,183,500
$1,322,500
$1,469,000
$1,227,000
3.7%
Average Price per Square Foot ..............
$663
$630
$699
$727
9.7%
Properties Sold ...................................
22
16
13
23
4.5%
Properties Pending Sale .......................
23
9
20
24
4.3%
Properties For Sale ..............................
76
43
65
91
19.7%
Days on Market (Pending Sale) .............
53
50
36
25
-52.8%
Month’s Supply of Inventory .................
3.5
2.7
5
4
14.5%
Percent Under Contract .......................
30.3%
20.9%
30.8%
26.4%
-12.9%
$1,123,158
$1,201,417
$1,178,167
$1,164,962
3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.183
JUL
$1,227,000
AUG SEP
MEDIAN SALES PRICE
OCT
$727
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.227 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA YNEZ
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$783,000
$727,500
$825,000
$1,136,250
45.1%
Average Price per Square Foot ..............
$440
$400
$429
$523
18.9%
Properties Sold ...................................
25
18
25
30
20.0%
Properties Pending Sale .......................
18
10
22
15
-16.7%
Properties For Sale ..............................
167
117
140
142
-15.0%
Days on Market (Pending Sale) .............
83
67
75
96
15.7%
Month’s Supply of Inventory .................
6.7
6.5
5.6
4.7
-29.1%
Percent Under Contract .......................
10.8%
8.5%
15.7%
10.6%
-2.0%
$851,347
$1,053,083
$996,333
$903,750
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$783
JUL
$1,136,250
AUG SEP
MEDIAN SALES PRICE
OCT
$523
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.136 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : June 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : June 2018
CARMEL
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,406,900
$1,597,500
$1,645,000
$1,717,500
22.1%
Average Price per Square Foot ..............
$891
$857
$1,087
$822
-7.7%
Properties Sold ...................................
30
20
21
24
-20.0%
Properties Pending Sale .......................
22
18
27
21
-4.5%
Properties For Sale ..............................
194
133
154
160
-17.5%
Days on Market (Pending Sale) .............
45
194
78
34
-24.4%
Month’s Supply of Inventory .................
6.5
6.6
7.3
6.7
3.1%
Percent Under Contract .......................
11.3%
13.5%
17.5%
13.1%
15.7%
$1,465,367
$1,810,000
$1,753,333
$1,665,723
13.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.406
JUL
$1,717,500
AUG SEP
MEDIAN SALES PRICE
OCT
$822
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.717 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CARMEL VALLEY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,000,000
$875,000
$1,578,125
$1,175,000
17.5%
Average Price per Square Foot ..............
$518
$386
$519
$601
16.0%
Properties Sold ...................................
10
5
6
10
0.0%
Properties Pending Sale .......................
12
8
11
7
-41.7%
Properties For Sale ..............................
69
59
59
71
2.9%
Days on Market (Pending Sale) .............
64
114
70
64
0.0%
Month’s Supply of Inventory .................
6.9
11.8
9.8
7.1
2.9%
Percent Under Contract .......................
17.4%
13.6%
18.6%
9.9%
-43.3%
$1,104,750
$1,175,688
$1,066,333
$1,064,313
-3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.000
JUL
$1,175,000
AUG SEP
MEDIAN SALES PRICE
OCT
$601
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MARINA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$561,250
$553,000
$595,000
$620,000
10.5%
Average Price per Square Foot ..............
$321
$339
$357
$365
13.7%
Properties Sold ...................................
20
15
15
17
-15.0%
Properties Pending Sale .......................
16
14
22
15
-6.2%
Properties For Sale ..............................
51
41
43
46
-9.8%
Days on Market (Pending Sale) .............
30
76
34
36
20.0%
Month’s Supply of Inventory .................
2.6
2.7
2.9
2.7
6.1%
Percent Under Contract .......................
31.4%
34.1%
51.2%
32.6%
3.9%
$515,851
$584,917
$597,667
$572,769
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$561
JUL
$620,000
AUG SEP
MEDIAN SALES PRICE
OCT
$365
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$620 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MONTEREY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$790,000
$920,000
$862,500
$850,000
7.6%
Average Price per Square Foot ..............
$470
$417
$477
$544
15.7%
Properties Sold ...................................
20
20
26
25
25.0%
Properties Pending Sale .......................
27
12
29
23
-14.8%
Properties For Sale ..............................
99
82
93
99
0.0%
Days on Market (Pending Sale) .............
43
80
23
101
134.9%
Month’s Supply of Inventory .................
5
4.1
3.6
4
-20.0%
Percent Under Contract .......................
27.3%
14.6%
31.2%
23.2%
-14.8%
$771,300
$860,989
$876,667
$840,687
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$790
JUL
$850,000
AUG SEP
MEDIAN SALES PRICE
OCT
$544
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PACIFIC GROVE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$899,000
$865,500
$920,500
$900,000
0.1%
Average Price per Square Foot ..............
$602
$670
$673
$678
12.6%
Properties Sold ...................................
25
12
14
14
-44.0%
Properties Pending Sale .......................
18
9
14
7
-61.1%
Properties For Sale ..............................
54
38
48
36
-33.3%
Days on Market (Pending Sale) .............
49
84
31
56
14.3%
Month’s Supply of Inventory .................
2.2
3.2
3.4
2.6
19.0%
Percent Under Contract .......................
33.3%
23.7%
29.2%
19.4%
-41.7%
$922,958
$918,250
$898,500
$921,192
-0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$899
JUL
$900,000
AUG SEP
MEDIAN SALES PRICE
OCT
$678
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PEBBLE BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,287,500
$1,673,000
$1,620,000
$1,390,850
8.0%
Average Price per Square Foot ..............
$526
$698
$871
$641
21.9%
Properties Sold ...................................
14
17
13
12
-14.3%
Properties Pending Sale .......................
18
10
23
13
-27.8%
Properties For Sale ..............................
104
82
83
80
-23.1%
Days on Market (Pending Sale) .............
76
237
81
77
1.3%
Month’s Supply of Inventory .................
7.4
4.8
6.4
6.7
-10.3%
Percent Under Contract .......................
17.3%
12.2%
27.7%
16.2%
-6.1%
$1,719,875
$1,670,142
$1,471,117
$1,746,023
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.287
JUL
$1,390,850
AUG SEP
MEDIAN SALES PRICE
OCT
$641
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.390 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SALINAS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$525,250
$506,500
$518,500
$524,000
-0.2%
Average Price per Square Foot ..............
$294
$298
$311
$317
7.8%
Properties Sold ...................................
64
52
48
68
6.2%
Properties Pending Sale .......................
70
47
53
51
-27.1%
Properties For Sale ..............................
203
142
138
165
-18.7%
Days on Market (Pending Sale) .............
52
59
46
44
-15.4%
Month’s Supply of Inventory .................
3.2
2.7
2.9
2.4
-23.5%
Percent Under Contract .......................
34.5%
33.1%
38.4%
30.9%
-10.4%
$476,813
$503,083
$521,250
$497,002
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $525
JUN JUL
$524,000
AUG SEP
MEDIAN SALES PRICE
OCT
$317
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$524 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SEASIDE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$540,000
$535,100
$513,300
$540,384
0.1%
Average Price per Square Foot ..............
$339
$443
$373
$410
20.9%
Properties Sold ...................................
27
13
22
20
-25.9%
Properties Pending Sale .......................
13
14
18
22
69.2%
Properties For Sale ..............................
47
43
35
41
-12.8%
Days on Market (Pending Sale) .............
27
77
54
43
59.3%
Month’s Supply of Inventory .................
1.7
3.3
1.6
2
17.8%
Percent Under Contract .......................
27.7%
32.6%
51.4%
53.7%
94.0%
$484,833
$565,681
$532,261
$539,480
11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$540
JUL
$540,384
AUG SEP
MEDIAN SALES PRICE
OCT
$410
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$540 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN DIEGO COUNTY
SAN DIEGO MACRO
LA MESA
CARLSBAD
LEMON GROVE
CARMEL VALLEY
NATIONAL CITY
CHULA VISTA
OCEANSIDE
CORONADO
POWAY
DEL MAR
RANCHO BERNARDO
EL CAJON
SAN MARCOS
ENCINITAS
SANTEE
ESCONDIDO
SOLANA BEACH
IMPERIAL BEACH
VISTA
LA JOLLA
Micro Market Report : June 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : June 2018
SAN DIEGO COUNTY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$618,000
$610,000
$635,000
$655,000
6.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2460
1681
1793
2192
-10.9%
Properties Pending Sale .......................
2432
1412
2245
2147
-11.7%
Properties For Sale ..............................
7,386
4,943
6,449
7,830
6.0%
Days on Market (Pending Sale) .............
35
44
34
35
0.0%
Month’s Supply of Inventory .................
3
2.9
3.6
3.6
19.0%
Percent Under Contract .......................
32.9%
28.6%
34.8%
27.4%
-16.7%
$578,165
$631,167
$648,333
$622,346
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $618
JUN JUL
$655,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$655 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$782,000
$825,000
$875,500
$880,000
12.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
18
9
10
6
-66.7%
Properties Pending Sale .......................
13
10
15
10
-23.1%
Properties For Sale ..............................
29
22
29
37
27.6%
Days on Market (Pending Sale) .............
53
23
27
20
-62.3%
Month’s Supply of Inventory .................
1.6
2.4
2.9
6.2
282.8%
Percent Under Contract .......................
44.8%
45.5%
51.7%
27.0%
-39.7%
$768,279
$854,252
$863,417
$848,397
9.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$782
JUL
$880,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$880 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CARLSBAD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$983,000
$910,000
$985,000
$1,059,500
7.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
130
76
76
116
-10.8%
Properties Pending Sale .......................
102
54
112
95
-6.9%
Properties For Sale ..............................
314
168
288
372
18.5%
Days on Market (Pending Sale) .............
26
49
30
28
7.7%
Month’s Supply of Inventory .................
2.4
2.2
3.8
3.2
32.8%
Percent Under Contract .......................
32.5%
32.1%
38.9%
25.5%
-21.4%
$897,542
$988,750
$1,006,500
$963,096
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $983
JUN JUL
$1,059,500
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
$1.059 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CARMEL VALLEY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,201,000
$1,210,000
$1,360,000
$1,337,500
11.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
55
34
47
54
-1.8%
Properties Pending Sale .......................
43
20
45
49
14.0%
Properties For Sale ..............................
148
78
136
167
12.8%
Days on Market (Pending Sale) .............
31
56
35
32
3.2%
Month’s Supply of Inventory .................
2.7
2.3
2.9
3.1
14.9%
Percent Under Contract .......................
29.1%
25.6%
33.1%
29.3%
1.0%
$1,194,667
$1,308,250
$1,342,500
$1,216,762
1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.201
JUL
$1,337,500
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
$1.337 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CHULA VISTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$557,500
$570,000
$560,000
$569,000
2.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
160
103
104
160
0.0%
Properties Pending Sale .......................
181
105
158
149
-17.7%
Properties For Sale ..............................
445
300
415
472
6.1%
Days on Market (Pending Sale) .............
32
47
36
33
3.1%
Month’s Supply of Inventory .................
2.8
2.9
4
3
6.1%
Percent Under Contract .......................
40.7%
35.0%
38.1%
31.6%
-22.4%
$521,731
$563,083
$565,000
$562,519
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $557
JUN JUL
$569,000
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
$569 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$665,000
$661,500
$735,000
$687,500
3.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
45
33
37
32
-28.9%
Properties Pending Sale .......................
46
24
36
38
-17.4%
Properties For Sale ..............................
102
55
76
97
-4.9%
Days on Market (Pending Sale) .............
27
27
20
14
-48.1%
Month’s Supply of Inventory .................
2.3
1.7
2.1
3
33.7%
Percent Under Contract .......................
45.1%
43.6%
47.4%
39.2%
-13.1%
$617,058
$708,574
$688,833
$676,053
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$665
JUL
$687,500
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
$687 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CORONADO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,535,000
$3,000,000
$2,381,250
$2,175,000
41.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
7
10
21
23.5%
Properties Pending Sale .......................
24
10
14
16
-33.3%
Properties For Sale ..............................
121
81
101
113
-6.6%
Days on Market (Pending Sale) .............
101
94
76
69
-31.7%
Month’s Supply of Inventory .................
7.1
11.6
10.1
5.4
-24.4%
Percent Under Contract .......................
19.8%
12.3%
13.9%
14.2%
-28.6%
$1,706,563
$2,221,042
$2,203,333
$2,165,442
21.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.535
JUL
$2,175,000
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
$2.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DEL MAR
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,735,000
$2,222,500
$1,975,000
$2,264,000
30.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
16
16
13
12
-25.0%
Properties Pending Sale .......................
9
17
14
11
22.2%
Properties For Sale ..............................
103
91
84
92
-10.7%
Days on Market (Pending Sale) .............
41
48
55
65
58.5%
Month’s Supply of Inventory .................
6.4
5.7
6.5
7.7
19.1%
Percent Under Contract .......................
8.7%
18.7%
16.7%
12.0%
36.8%
$1,755,042
$2,065,667
$2,178,833
$2,006,510
12.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.735
JUL
$2,264,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$2.264 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
EL CAJON
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$524,750
$532,000
$504,500
$565,000
7.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
134
81
84
135
0.7%
Properties Pending Sale .......................
109
86
124
120
10.1%
Properties For Sale ..............................
304
244
311
384
26.3%
Days on Market (Pending Sale) .............
21
35
30
28
33.3%
Month’s Supply of Inventory .................
2.3
3
3.7
2.8
25.4%
Percent Under Contract .......................
35.9%
35.2%
39.9%
31.2%
-12.8%
$493,484
$526,583
$554,167
$522,592
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $524
JUN JUL
$565,000
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
$565 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ENCINITAS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,337,500
$1,110,000
$1,975,000
$1,255,500
-6.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
43
31
13
36
-16.3%
Properties Pending Sale .......................
39
14
14
43
10.3%
Properties For Sale ..............................
160
85
84
151
-5.6%
Days on Market (Pending Sale) .............
25
45
55
36
44.0%
Month’s Supply of Inventory .................
3.7
2.7
6.5
4.2
12.7%
Percent Under Contract .......................
24.4%
16.5%
16.7%
28.5%
16.8%
$1,207,473
$1,366,750
$1,269,833
$1,303,269
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.337
JUL
$1,255,500
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.255 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ESCONDIDO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$525,000
$550,000
$542,000
$574,500
9.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
171
117
117
142
-17.0%
Properties Pending Sale .......................
170
107
148
159
-6.5%
Properties For Sale ..............................
524
360
435
557
6.3%
Days on Market (Pending Sale) .............
37
40
33
36
-2.7%
Month’s Supply of Inventory .................
3.1
3.1
3.7
3.9
28.0%
Percent Under Contract .......................
32.4%
29.7%
34.0%
28.5%
-12.0%
$517,833
$554,983
$569,467
$542,992
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$525
JUL
$574,500
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$574 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
IMPERIAL-BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$600,000
$595,000
$575,000
$615,000
2.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
9
13
13
11
22.2%
Properties Pending Sale .......................
19
10
21
6
-68.4%
Properties For Sale ..............................
49
40
55
41
-16.3%
Days on Market (Pending Sale) .............
50
24
55
33
-34.0%
Month’s Supply of Inventory .................
5.4
3.1
4.2
3.7
-31.5%
Percent Under Contract .......................
38.8%
25.0%
38.2%
14.6%
-62.3%
$549,906
$587,083
$613,333
$584,231
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $600
JUN JUL
$615,000
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
$615 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LA JOLLA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$2,188,000
$2,391,500
$2,300,000
$1,980,000
-9.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
44
22
35
36
-18.2%
Properties Pending Sale .......................
24
15
35
34
41.7%
Properties For Sale ..............................
248
174
229
267
7.7%
Days on Market (Pending Sale) .............
54
71
60
58
7.4%
Month’s Supply of Inventory .................
5.6
7.9
6.5
7.4
31.6%
Percent Under Contract .......................
9.7%
8.6%
15.3%
12.7%
31.6%
$2,003,792
$2,219,167
$2,082,000
$2,224,635
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$2.188
JUL
$1,980,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
7.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.980 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LA MESA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$580,000
$610,000
$580,000
$586,250
1.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
64
57
65
64
0.0%
Properties Pending Sale .......................
69
53
73
66
-4.3%
Properties For Sale ..............................
178
141
185
189
6.2%
Days on Market (Pending Sale) .............
31
39
26
31
0.0%
Month’s Supply of Inventory .................
2.6
2.7
2.5
3
14.5%
Percent Under Contract .......................
38.8%
37.6%
39.5%
34.9%
-9.9%
$538,750
$583,875
$585,417
$581,934
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $580
JUN JUL
$586,250
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
$586 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$599,900
$655,000
$621,500
$648,875
8.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
19
16
14
22
15.8%
Properties Pending Sale .......................
20
17
20
18
-10.0%
Properties For Sale ..............................
32
29
33
42
31.2%
Days on Market (Pending Sale) .............
20
28
20
19
-5.0%
Month’s Supply of Inventory .................
1.6
1.7
1.6
1.9
19.3%
Percent Under Contract .......................
62.5%
58.6%
60.6%
42.9%
-31.4%
$561,075
$637,271
$646,542
$625,944
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$599
JUL
$648,875
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$648 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LEMON GROVE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$440,000
$435,000
$470,000
$450,000
2.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
12
13
22
29.4%
Properties Pending Sale .......................
23
20
21
22
-4.3%
Properties For Sale ..............................
53
45
47
52
-1.9%
Days on Market (Pending Sale) .............
49
25
37
30
-38.8%
Month’s Supply of Inventory .................
2.3
2.2
2.2
2.4
2.6%
Percent Under Contract .......................
43.4%
44.4%
44.7%
42.3%
-2.5%
$426,688
$462,500
$466,667
$451,692
5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$440
JUL
$450,000
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
$450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
NATIONAL CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$400,000
$438,500
$395,000
$429,500
7.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
9
15
14
10
11.1%
Properties Pending Sale .......................
24
9
17
10
-58.3%
Properties For Sale ..............................
58
39
44
36
-37.9%
Days on Market (Pending Sale) .............
27
70
29
20
-25.9%
Month’s Supply of Inventory .................
2.4
4.3
2.6
3.6
49.0%
Percent Under Contract .......................
41.4%
23.1%
38.6%
27.8%
-32.9%
$386,271
$430,833
$431,667
$426,881
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$400
JUL
$429,500
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$429 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
OCEANSIDE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$550,000
$535,000
$568,000
$575,000
4.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
151
104
125
123
-18.5%
Properties Pending Sale .......................
155
91
141
143
-7.7%
Properties For Sale ..............................
391
222
319
399
2.0%
Days on Market (Pending Sale) .............
27
31
22
56
107.4%
Month’s Supply of Inventory .................
2.6
2.1
2.6
3.2
25.3%
Percent Under Contract .......................
39.6%
41.0%
44.2%
35.8%
-9.6%
$1,048,000
$569,229
$579,667
$561,321
-86.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$550
JUL
$575,000
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
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
POWAY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$680,000
$769,500
$745,000
$689,000
1.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
60
38
45
45
-25.0%
Properties Pending Sale .......................
67
38
55
51
-23.9%
Properties For Sale ..............................
179
97
125
175
-2.2%
Days on Market (Pending Sale) .............
40
80
36
31
-22.5%
Month’s Supply of Inventory .................
3
2.6
2.8
3.9
30.4%
Percent Under Contract .......................
37.4%
39.2%
44.0%
29.1%
-22.1%
$697,400
$772,333
$776,833
$753,188
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$680
JUL
$689,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$689 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
RANCHO BERNARDO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$878,000
$880,000
$832,000
$845,000
-3.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
113
65
76
106
-6.2%
Properties Pending Sale .......................
115
62
101
98
-14.8%
Properties For Sale ..............................
306
180
278
362
18.3%
Days on Market (Pending Sale) .............
37
46
47
33
-10.8%
Month’s Supply of Inventory .................
4.2
4.3
5
3.4
-19.2%
Percent Under Contract .......................
37.6%
34.4%
36.3%
27.1%
-28.0%
$779,570
$838,850
$850,000
$851,743
8.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $878
JUN JUL
$845,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$845 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN MARCOS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$670,000
$635,000
$660,000
$694,820
3.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
87
59
63
85
-2.3%
Properties Pending Sale .......................
79
43
78
81
2.5%
Properties For Sale ..............................
191
115
189
239
25.1%
Days on Market (Pending Sale) .............
33
33
19
33
0.0%
Month’s Supply of Inventory .................
2.2
1.9
3
2.8
28.1%
Percent Under Contract .......................
41.4%
37.4%
41.3%
33.9%
-18.1%
$592,354
$657,637
$698,940
$650,332
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $670
JUN JUL
$694,820
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
$694 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SAN DIEGO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$655,444
$667,000
$700,000
$675,000
3.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
82
58
61
60
-26.8%
Properties Pending Sale .......................
79
51
71
66
-16.5%
Properties For Sale ..............................
163
106
138
176
8.0%
Days on Market (Pending Sale) .............
30
26
22
16
-46.7%
Month’s Supply of Inventory .................
2
1.8
2.3
2.9
47.6%
Percent Under Contract .......................
48.5%
48.1%
51.4%
37.5%
-22.6%
$605,466
$685,583
$680,167
$666,119
9.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $655
JUN JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTEE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$517,500
$527,000
$535,000
$552,500
6.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
37
40
33
39
5.4%
Properties Pending Sale .......................
46
27
42
54
17.4%
Properties For Sale ..............................
94
61
109
121
28.7%
Days on Market (Pending Sale) .............
29
17
22
26
-10.3%
Month’s Supply of Inventory .................
2.5
1.5
3.3
3.1
22.1%
Percent Under Contract .......................
48.9%
44.3%
38.5%
44.6%
-8.8%
$483,033
$541,917
$546,500
$529,688
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $517
JUN JUL
$552,500
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
$552 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SOLANA BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,522,500
$1,500,000
$1,502,500
$2,137,500
40.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
12
3
8
5
-58.3%
Properties Pending Sale .......................
15
1
7
9
-40.0%
Properties For Sale ..............................
43
23
29
32
-25.6%
Days on Market (Pending Sale) .............
47
15
28
33
-29.8%
Month’s Supply of Inventory .................
3.6
7.7
3.6
6.4
78.6%
Percent Under Contract .......................
34.9%
4.3%
24.1%
28.1%
-19.4%
$1,605,042
$1,707,333
$1,898,833
$1,631,019
1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.522
JUL
$2,137,500
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
$2.137 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SPRING VALLEY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$476,750
$470,000
$515,000
$495,000
3.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
62
37
44
55
-11.3%
Properties Pending Sale .......................
61
33
52
41
-32.8%
Properties For Sale ..............................
139
100
132
130
-6.5%
Days on Market (Pending Sale) .............
24
37
30
23
-4.2%
Month’s Supply of Inventory .................
2.2
2.7
3
2.4
5.4%
Percent Under Contract .......................
43.9%
33.0%
39.4%
31.5%
-28.1%
$440,975
$492,667
$491,667
$476,442
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $476
JUN JUL
$495,000
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
$495 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
VISTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$538,000
$550,000
$544,000
$560,025
4.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
79
69
59
87
10.1%
Properties Pending Sale .......................
78
44
71
92
17.9%
Properties For Sale ..............................
250
174
207
297
18.8%
Days on Market (Pending Sale) .............
34
57
41
45
32.4%
Month’s Supply of Inventory .................
3.2
2.5
3.5
3.4
7.9%
Percent Under Contract .......................
31.2%
25.3%
34.3%
31.0%
-0.7%
$504,479
$554,421
$556,675
$548,294
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $538
JUN JUL
$560,025
AUG SEP
MEDIAN SALES PRICE
OCT
N/A
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : June 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : June 2018
BERMUDA DUNES
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$267,000
$800,000
$490,000
$389,000
45.7%
Average Price per Square Foot ..............
$167
$259
$196
$140
-16.2%
Properties Sold ...................................
2
1
1
1
-50.0%
Properties Pending Sale .......................
2
1
1
0
-100.0%
Properties For Sale ..............................
12
12
10
6
-50.0%
Days on Market (Pending Sale) .............
185
71
70
0
-100.0%
Month’s Supply of Inventory .................
6
12
10
6
0.0%
Percent Under Contract .......................
16.7%
8.3%
10.0%
0.0%
-100.0%
$337,583
$411,382
$409,667
$433,083
22.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$267
JUL
$389,000
AUG SEP
MEDIAN SALES PRICE
OCT
$140
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$389 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CATHEDRAL CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$305,000
$310,000
$292,000
$310,000
1.6%
Average Price per Square Foot ..............
$202
$190
$183
$184
-8.9%
Properties Sold ...................................
27
23
27
17
-37.0%
Properties Pending Sale .......................
35
23
30
18
-48.6%
Properties For Sale ..............................
120
106
101
94
-21.7%
Days on Market (Pending Sale) .............
49
47
41
43
-12.2%
Month’s Supply of Inventory .................
4.4
4.6
3.7
5.5
24.4%
Percent Under Contract .......................
29.2%
21.7%
29.7%
19.1%
-34.3%
$282,075
$316,750
$312,500
$311,342
9.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$305
JUL
$310,000
AUG SEP
MEDIAN SALES PRICE
OCT
$184
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$310 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
COACHELLA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$247,450
$265,000
$241,500
$250,000
1.0%
Average Price per Square Foot ..............
$140
$165
$151
$160
14.3%
Properties Sold ...................................
4
3
2
3
-25.0%
Properties Pending Sale .......................
4
4
4
1
-75.0%
Properties For Sale ..............................
12
16
14
11
-8.3%
Days on Market (Pending Sale) .............
44
66
22
160
263.6%
Month’s Supply of Inventory .................
3
5.3
7
3.7
22.2%
Percent Under Contract .......................
33.3%
25.0%
28.6%
9.1%
-72.7%
$212,538
$255,333
$252,667
$249,258
14.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$247
JUL
$250,000
AUG SEP
MEDIAN SALES PRICE
OCT
$160
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DESERT HOT SPRINGS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$199,000
$225,000
$219,000
$225,000
13.1%
Average Price per Square Foot ..............
$130
$129
$135
$135
3.8%
Properties Sold ...................................
31
34
31
31
0.0%
Properties Pending Sale .......................
22
30
33
32
45.5%
Properties For Sale ..............................
178
167
153
160
-10.1%
Days on Market (Pending Sale) .............
50
75
69
72
44.0%
Month’s Supply of Inventory .................
5.7
4.9
4.9
5.2
-10.1%
Percent Under Contract .......................
12.4%
18.0%
21.6%
20.0%
61.8%
$184,313
$218,492
$216,983
$214,277
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$199
JUL
$225,000
AUG SEP
MEDIAN SALES PRICE
OCT
$135
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
INDIAN WELLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,675,000
$0
$0
$675,000
-59.7%
Average Price per Square Foot ..............
$362
$0
$0
$238
-34.3%
Properties Sold ...................................
1
0
0
1
0.0%
Properties Pending Sale .......................
1
5
3
2
100.0%
Properties For Sale ..............................
13
19
18
13
0.0%
Days on Market (Pending Sale) .............
14
78
140
132
842.9%
Month’s Supply of Inventory .................
13
n/a
n/a
13
0.0%
Percent Under Contract .......................
7.7%
26.3%
16.7%
15.4%
100.0%
$663,063
$677,800
$576,333
$827,056
19.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.675
JUN JUL
$675,000
AUG SEP
MEDIAN SALES PRICE
OCT
$238
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
13 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$675 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
INDIO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$285,500
$275,000
$293,750
$297,625
4.2%
Average Price per Square Foot ..............
$141
$148
$163
$156
10.6%
Properties Sold ...................................
24
15
16
18
-25.0%
Properties Pending Sale .......................
23
26
27
10
-56.5%
Properties For Sale ..............................
91
102
94
77
-15.4%
Days on Market (Pending Sale) .............
36
58
58
48
33.3%
Month’s Supply of Inventory .................
3.8
6.8
5.9
4.3
12.8%
Percent Under Contract .......................
25.3%
25.5%
28.7%
13.0%
-48.6%
$290,830
$298,611
$303,805
$289,417
-0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$285
JUL
$297,625
AUG SEP
MEDIAN SALES PRICE
OCT
$156
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$297 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
LA QUINTA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$366,000
$363,000
$368,000
$522,000
42.6%
Average Price per Square Foot ..............
$206
$195
$208
$235
14.1%
Properties Sold ...................................
16
9
15
5
-68.8%
Properties Pending Sale .......................
16
10
14
17
6.2%
Properties For Sale ..............................
88
70
76
96
9.1%
Days on Market (Pending Sale) .............
96
61
71
55
-42.7%
Month’s Supply of Inventory .................
5.5
7.8
5.1
19.2
249.1%
Percent Under Contract .......................
18.2%
14.3%
18.4%
17.7%
-2.6%
$358,806
$391,892
$412,817
$375,931
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$366
JUL
$522,000
AUG SEP
MEDIAN SALES PRICE
OCT
$235
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
19.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$522 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PALM DESERT
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$349,500
$430,000
$340,000
$597,500
71.0%
Average Price per Square Foot ..............
$213
$186
$224
$331
55.4%
Properties Sold ...................................
16
13
23
68
325.0%
Properties Pending Sale .......................
17
15
24
75
341.2%
Properties For Sale ..............................
91
101
116
408
348.4%
Days on Market (Pending Sale) .............
83
41
60
70
-15.7%
Month’s Supply of Inventory .................
5.7
7.8
5
6
5.5%
Percent Under Contract .......................
18.7%
14.9%
20.7%
18.4%
-1.6%
$339,008
$422,567
$448,833
$390,608
13.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$349
JUL
$597,500
AUG SEP
MEDIAN SALES PRICE
OCT
$331
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$597 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
PALM SPRINGS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$605,000
$630,150
$695,000
$597,500
-1.2%
Average Price per Square Foot ..............
$334
$373
$382
$331
-0.9%
Properties Sold ...................................
93
60
51
68
-26.9%
Properties Pending Sale .......................
75
50
97
75
0.0%
Properties For Sale ..............................
399
385
459
408
2.3%
Days on Market (Pending Sale) .............
80
62
71
70
-12.5%
Month’s Supply of Inventory .................
4.3
6.4
9
6
39.8%
Percent Under Contract .......................
18.8%
13.0%
21.1%
18.4%
-2.2%
$587,788
$647,125
$639,167
$629,319
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$605
JUL
$597,500
AUG SEP
MEDIAN SALES PRICE
OCT
$331
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$597 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
RANCHO MIRAGE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$627,500
$630,000
$562,500
$599,000
-4.5%
Average Price per Square Foot ..............
$221
$256
$219
$247
11.8%
Properties Sold ...................................
14
13
20
11
-21.4%
Properties Pending Sale .......................
18
8
19
17
-5.6%
Properties For Sale ..............................
129
135
141
119
-7.8%
Days on Market (Pending Sale) .............
161
70
96
99
-38.5%
Month’s Supply of Inventory .................
9.2
10.4
7
10.8
17.4%
Percent Under Contract .......................
14.0%
5.9%
13.5%
14.3%
2.4%
$520,083
$603,792
$614,167
$587,442
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $627
JUN JUL
$599,000
AUG SEP
MEDIAN SALES PRICE
OCT
$247
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
10.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$599 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
THOUSAND PALMS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$63,140
$570,000
$193,000
$280,000
343.5%
Average Price per Square Foot ..............
$57
$219
$158
$161
182.5%
Properties Sold ...................................
2
1
3
3
50.0%
Properties Pending Sale .......................
6
2
3
2
-66.7%
Properties For Sale ..............................
17
8
12
14
-17.6%
Days on Market (Pending Sale) .............
67
20
12
50
-25.4%
Month’s Supply of Inventory .................
2.8
4
4
4.7
64.7%
Percent Under Contract .......................
35.3%
25.0%
25.0%
14.3%
-59.5%
Average Median Price for Last 12 Months
$99,044
$294,875
$283,417
$282,189
64.9%
*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
$63
JUL
$280,000
AUG SEP
MEDIAN SALES PRICE
OCT
$161
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.7 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$280 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CONDOMINIUMS
BEVERLY CENTER - MIRACLE MILE
SANTA MONICA
BEVERLY HILLS
SHERMAN OAKS
BRENTWOOD
STUDIO CITY
CULVER CITY
VENICE
ENCINO
WEST HOLLYWOOD
MALIBU
WEST LA
MARINA DEL REY
WESTWOOD - CENTURY CITY
Micro Market Report : June 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : June 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$675,000
$804,000
$1,050,000
$1,000,000
48.1%
Average Price per Square Foot ..............
$576
$643
$620
$677
17.5%
Properties Sold ...................................
9
8
3
6
-33.3%
Properties Pending Sale .......................
7
3
14
10
42.9%
Properties For Sale ..............................
33
10
28
30
-9.1%
Days on Market (Pending Sale) .............
30
63
27
18
-40.0%
Month’s Supply of Inventory .................
3.7
1.2
9.3
5
36.4%
Percent Under Contract .......................
21.2%
30.0%
50.0%
33.3%
57.1%
$748,042
$773,833
$860,333
$769,655
2.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$675
JUL
$1,000,000
AUG SEP
MEDIAN SALES PRICE
OCT
$677
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BEVERLY HILLS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,074,500
$1,450,444
$1,232,500
$1,228,000
14.3%
Average Price per Square Foot ..............
$716
$813
$794
$786
9.8%
Properties Sold ...................................
10
11
10
9
-10.0%
Properties Pending Sale .......................
9
4
10
9
0.0%
Properties For Sale ..............................
68
35
41
48
-29.4%
Days on Market (Pending Sale) .............
60
57
37
20
-66.7%
Month’s Supply of Inventory .................
6.8
3.2
4.1
5.3
-21.6%
Percent Under Contract .......................
13.2%
11.4%
24.4%
18.8%
41.7%
$1,277,574
$1,224,511
$1,222,354
$1,224,154
-4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.074
JUL
$1,228,000
AUG SEP
MEDIAN SALES PRICE
OCT
$786
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
5.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.228 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
BRENTWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,080,500
$1,074,500
$823,500
$952,850
-11.8%
Average Price per Square Foot ..............
$658
$679
$681
$692
5.2%
Properties Sold ...................................
19
18
8
15
-21.1%
Properties Pending Sale .......................
17
8
16
17
0.0%
Properties For Sale ..............................
54
38
52
62
14.8%
Days on Market (Pending Sale) .............
19
28
16
27
42.1%
Month’s Supply of Inventory .................
2.8
2.1
6.5
4.1
45.4%
Percent Under Contract .......................
31.5%
21.1%
30.8%
27.4%
-12.9%
$873,129
$909,725
$979,283
$917,450
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.080
JUN JUL
$952,850
AUG SEP
MEDIAN SALES PRICE
OCT
$692
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$952 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
CULVER CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$485,500
$493,000
$616,750
$582,500
20.0%
Average Price per Square Foot ..............
$534
$535
$566
$555
3.9%
Properties Sold ...................................
10
14
16
9
-10.0%
Properties Pending Sale .......................
18
18
13
13
-27.8%
Properties For Sale ..............................
33
25
24
30
-9.1%
Days on Market (Pending Sale) .............
15
24
16
17
13.3%
Month’s Supply of Inventory .................
3.3
1.8
1.5
3.3
1.0%
Percent Under Contract .......................
54.5%
72.0%
54.2%
43.3%
-20.6%
$489,340
$570,375
$567,500
$550,019
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$485
JUL
$582,500
AUG SEP
MEDIAN SALES PRICE
OCT
$555
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$582 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
DOWNTOWN
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$617,500
$611,000
$586,000
$692,500
12.1%
Average Price per Square Foot ..............
$786
$624
$740
$672
-14.5%
Properties Sold ...................................
42
31
46
44
4.8%
Properties Pending Sale .......................
47
31
45
37
-21.3%
Properties For Sale ..............................
249
175
191
193
-22.5%
Days on Market (Pending Sale) .............
46
67
53
51
10.9%
Month’s Supply of Inventory .................
5.9
5.6
4.2
4.4
-26.0%
Percent Under Contract .......................
18.9%
17.7%
23.6%
19.2%
1.6%
$579,292
$641,542
$653,167
$639,692
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$617
JUL
$692,500
AUG SEP
MEDIAN SALES PRICE
OCT
$672
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$692 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
ENCINO
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$338,000
$426,000
$436,000
$367,000
8.6%
Average Price per Square Foot ..............
$334
$343
$384
$379
13.5%
Properties Sold ...................................
22
20
20
9
-59.1%
Properties Pending Sale .......................
17
12
19
15
-11.8%
Properties For Sale ..............................
29
14
16
26
-10.3%
Days on Market (Pending Sale) .............
30
74
41
61
103.3%
Month’s Supply of Inventory .................
1.3
0.7
0.8
2.9
119.2%
Percent Under Contract .......................
58.6%
85.7%
118.8%
57.7%
-1.6%
$365,750
$419,500
$375,333
$388,077
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$338
JUL
$367,000
AUG SEP
MEDIAN SALES PRICE
OCT
$379
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$367 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MALIBU
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$895,000
$1,162,500
$1,200,000
$0
-100.0%
Average Price per Square Foot ..............
$803
$1,030
$792
$0
-100.0%
Properties Sold ...................................
3
4
5
0
-100.0%
Properties Pending Sale .......................
3
5
3
2
-33.3%
Properties For Sale ..............................
19
23
20
25
31.6%
Days on Market (Pending Sale) .............
24
47
143
106
341.7%
Month’s Supply of Inventory .................
6.3
5.8
4
0.2
-96.3%
Percent Under Contract .......................
15.8%
21.7%
15.0%
8.0%
-49.3%
$878,146
$942,500
$635,000
$935,278
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$895
JUL
NO SALES
AUG SEP
MEDIAN SALES PRICE
OCT
NO SALES
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MALIBU BEACH
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$894,500
$2,665,000
$1,275,000
$1,021,250
14.2%
Average Price per Square Foot ..............
$881
$2,031
$0
$964
9.4%
Properties Sold ...................................
2
2
1
2
0.0%
Properties Pending Sale .......................
2
2
3
2
0.0%
Properties For Sale ..............................
12
13
17
17
41.7%
Days on Market (Pending Sale) .............
73
69
8
52
-28.8%
Month’s Supply of Inventory .................
6
6.5
17
0.3
-94.6%
Percent Under Contract .......................
16.7%
15.4%
17.6%
11.8%
-29.4%
$830,667
$994,250
$970,417
$1,106,058
33.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$894
JUL
$1,021,250
AUG SEP
MEDIAN SALES PRICE
OCT
$964
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
0.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.021 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
MARINA DEL REY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$878,900
$870,000
$980,000
$1,023,000
16.4%
Average Price per Square Foot ..............
$700
$719
$790
$801
14.4%
Properties Sold ...................................
20
23
25
16
-20.0%
Properties Pending Sale .......................
20
14
19
19
-5.0%
Properties For Sale ..............................
93
74
79
100
7.5%
Days on Market (Pending Sale) .............
56
38
19
35
-37.5%
Month’s Supply of Inventory .................
4.6
3.2
3.2
6.2
34.4%
Percent Under Contract .......................
21.5%
18.9%
24.1%
19.0%
-11.7%
$906,803
$1,029,583
$1,087,500
$965,031
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$878
JUL
$1,023,000
AUG SEP
MEDIAN SALES PRICE
OCT
$801
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
6.2 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.023 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SANTA MONICA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,075,000
$1,000,000
$998,000
$1,180,000
9.8%
Average Price per Square Foot ..............
$1,039
$1,057
$1,015
$994
-4.3%
Properties Sold ...................................
29
18
27
35
20.7%
Properties Pending Sale .......................
20
8
34
36
80.0%
Properties For Sale ..............................
81
70
118
116
43.2%
Days on Market (Pending Sale) .............
32
34
34
41
28.1%
Month’s Supply of Inventory .................
2.8
3.9
4.4
3.3
18.7%
Percent Under Contract .......................
24.7%
11.4%
28.8%
31.0%
25.7%
$910,688
$1,106,417
$1,080,667
$1,059,731
16.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.075
JUL
$1,180,000
AUG SEP
MEDIAN SALES PRICE
OCT
$994
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.180 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
SHERMAN OAKS
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$505,000
$510,000
$560,000
$529,000
4.8%
Average Price per Square Foot ..............
$391
$400
$419
$423
8.2%
Properties Sold ...................................
32
19
23
26
-18.8%
Properties Pending Sale .......................
29
13
23
23
-20.7%
Properties For Sale ..............................
32
8
17
34
6.2%
Days on Market (Pending Sale) .............
38
39
35
34
-10.5%
Month’s Supply of Inventory .................
1
0.4
0.7
1.3
30.8%
Percent Under Contract .......................
90.6%
162.5%
135.3%
67.6%
-25.4%
$464,500
$546,167
$553,667
$529,154
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$505
JUL
$529,000
AUG SEP
MEDIAN SALES PRICE
OCT
$423
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
1.3 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$529 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
STUDIO CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$705,000
$720,000
$588,000
$738,000
4.7%
Average Price per Square Foot ..............
$440
$464
$523
$514
16.8%
Properties Sold ...................................
11
19
9
8
-27.3%
Properties Pending Sale .......................
20
14
4
13
-35.0%
Properties For Sale ..............................
21
9
11
17
-19.0%
Days on Market (Pending Sale) .............
89
43
64
36
-59.6%
Month’s Supply of Inventory .................
1.9
0.5
1.2
2.1
11.3%
Percent Under Contract .......................
95.2%
155.6%
36.4%
76.5%
-19.7%
$588,167
$663,500
$701,000
$688,538
17.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$705
JUL
$738,000
AUG SEP
MEDIAN SALES PRICE
OCT
$514
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.1 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$738 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
VENICE
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$1,005,000
$1,220,000
$0
$1,576,250
56.8%
Average Price per Square Foot ..............
$846
$687
$0
$1,021
20.7%
Properties Sold ...................................
1
1
0
2
100.0%
Properties Pending Sale .......................
2
3
1
1
-50.0%
Properties For Sale ..............................
16
19
10
7
-56.2%
Days on Market (Pending Sale) .............
77
30
22
75
-2.6%
Month’s Supply of Inventory .................
16
19
n/a
3.5
-78.1%
Percent Under Contract .......................
12.5%
15.8%
10.0%
14.3%
14.3%
$1,069,833
$1,593,250
$1,733,750
$1,362,250
27.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$1.005
JUL
$1,576,250
AUG SEP
MEDIAN SALES PRICE
OCT
$1,021
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
3.5 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.576 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST HOLLYWOOD
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$712,500
$735,000
$706,000
$737,500
3.5%
Average Price per Square Foot ..............
$641
$713
$702
$701
9.4%
Properties Sold ...................................
36
35
38
28
-22.2%
Properties Pending Sale .......................
29
19
34
33
13.8%
Properties For Sale ..............................
107
75
101
112
4.7%
Days on Market (Pending Sale) .............
43
39
23
32
-25.6%
Month’s Supply of Inventory .................
3
2.1
2.7
4
34.6%
Percent Under Contract .......................
27.1%
25.3%
33.7%
29.5%
8.7%
$682,750
$750,417
$792,167
$730,435
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$712
JUL
$737,500
AUG SEP
MEDIAN SALES PRICE
OCT
$701
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$737 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WEST LA
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$756,000
$880,000
$901,000
$784,500
3.8%
Average Price per Square Foot ..............
$603
$583
$630
$653
8.3%
Properties Sold ...................................
14
9
8
12
-14.3%
Properties Pending Sale .......................
20
5
15
11
-45.0%
Properties For Sale ..............................
37
16
26
35
-5.4%
Days on Market (Pending Sale) .............
17
29
12
10
-41.2%
Month’s Supply of Inventory .................
2.6
1.8
3.2
2.9
10.4%
Percent Under Contract .......................
54.1%
31.2%
57.7%
31.4%
-41.9%
$776,279
$910,100
$882,866
$842,982
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$756
JUL
$784,500
AUG SEP
MEDIAN SALES PRICE
OCT
$653
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
2.9 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$784 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
WESTWOOD - CENTURY CITY
DATA*
Jun 2017
6 MONTH
3 MONTH
Jun 2018
% CHANGE
Median Price ......................................
$900,000
$908,000
$957,500
$1,185,000
31.7%
Average Price per Square Foot ..............
$755
$710
$778
$800
6.0%
Properties Sold ...................................
68
39
56
45
-33.8%
Properties Pending Sale .......................
49
31
51
48
-2.0%
Properties For Sale ..............................
211
167
185
214
1.4%
Days on Market (Pending Sale) .............
44
70
41
39
-11.4%
Month’s Supply of Inventory .................
3.1
4.3
3.3
4.8
53.3%
Percent Under Contract .......................
23.2%
18.6%
27.6%
22.4%
-3.4%
$845,979
$1,013,896
$1,035,625
$948,760
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT JUN
$900
JUL
$1,185,000
AUG SEP
MEDIAN SALES PRICE
OCT
$800
NOV DEC
AVERAGE PRICE PER SQ FT
JAN FEB MAR
4.8 MONTH’S SUPPLY OF INVENTORY
APR MAY JUN
$1.185 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : June 2018
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MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH June 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego