micro market report luxury real estate market research March 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : March 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : March 2015
telesproperties.com
Los Angeles County DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$500,000
$530,000
$500,000
$516,000
3.2%
Average Price per Square Foot ...........................
$404
$425
$404
$411
1.7%
Properties Sold .......................................................
3478
3814
4029
4033
16.0%
Properties Pending Sale .......................................
4123
3786
3393
5507
33.6%
Properties For Sale ................................................
18,559
20,851
16,011
18,001
-3.0%
Days on Market (Pending Sale) ...........................
58
60
60
47
-19.0%
Month’s Supply of Inventory ................................
5.3
5.5
4
4.5
-16.4%
Percent Under Contract ........................................
22.2%
18.2%
21.2%
30.6%
37.7%
Average Median Price for Last 12 Months ........
$614,000
$512,128
$506,589
$520,444
-18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$500
APR
$516,000
MAY JUN
MEDIAN SALES PRICE
JUL
$411
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$516 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,990,000
$3,105,000
$1,622,500
$2,712,500
36.3%
Average Price per Square Foot ...........................
$957
$829
$981
$1,092
14.1%
Properties Sold .......................................................
17
9
14
18
5.9%
Properties Pending Sale .......................................
11
7
9
16
45.5%
Properties For Sale ................................................
116
129
110
117
0.9%
Days on Market (Pending Sale) ...........................
78
60
94
55
-29.5%
Month’s Supply of Inventory ................................
6.8
14.3
7.9
6.5
-4.7%
Percent Under Contract ........................................
9.5%
5.4%
8.2%
13.7%
44.2%
Average Median Price for Last 12 Months ........
$1,872,000
$2,098,933
$2,503,333
$2,676,992
30.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.990
APR
$2,712,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,092
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,150,000
$1,580,250
$1,330,000
$1,406,000
22.3%
Average Price per Square Foot ...........................
$591
$740
$629
$672
13.7%
Properties Sold .......................................................
18
16
10
19
5.6%
Properties Pending Sale .......................................
16
20
6
26
62.5%
Properties For Sale ................................................
69
70
52
62
-10.1%
Days on Market (Pending Sale) ...........................
54
41
59
49
-9.3%
Month’s Supply of Inventory ................................
3.8
4.4
5.2
3.3
-14.9%
Percent Under Contract ........................................
23.2%
28.6%
11.5%
41.9%
80.8%
Average Median Price for Last 12 Months ........
$1,218,000
$1,350,842
$1,341,833
$1,334,523
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.150
APR
$1,406,000
MAY JUN
MEDIAN SALES PRICE
JUL
$672
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.406 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Beverly Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$4,650,000
$4,300,000
$4,395,000
$4,700,000
1.1%
Average Price per Square Foot ...........................
$1,041
$1,075
$2,031
$1,414
35.8%
Properties Sold .......................................................
11
11
11
14
27.3%
Properties Pending Sale .......................................
18
14
8
24
33.3%
Properties For Sale ................................................
109
100
84
101
-7.3%
Days on Market (Pending Sale) ...........................
101
51
110
84
-16.8%
Month’s Supply of Inventory ................................
9.9
9.1
7.6
7.2
-27.2%
Percent Under Contract ........................................
16.5%
14.0%
9.5%
23.8%
43.9%
Average Median Price for Last 12 Months ........
$4,752,000
$4,691,250
$4,851,667
$4,348,615
-9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$4.650
APR
$4,700,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,414
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,624,000
$4,090,000
$3,225,000
$1,400,000
-46.6%
Average Price per Square Foot ...........................
$938
$1,096
$761
$761
-18.9%
Properties Sold .......................................................
12
6
14
14
16.7%
Properties Pending Sale .......................................
18
11
11
17
-5.6%
Properties For Sale ................................................
141
127
123
143
1.4%
Days on Market (Pending Sale) ...........................
114
80
142
80
-29.8%
Month’s Supply of Inventory ................................
11.8
21.2
8.8
10.2
-13.1%
Percent Under Contract ........................................
12.8%
8.7%
8.9%
11.9%
-6.9%
Average Median Price for Last 12 Months ........
$2,175,000
$2,411,083
$2,116,667
$2,530,423
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.624
MAR APR
$1,400,000
MAY JUN
MEDIAN SALES PRICE
JUL
$761
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Beverlywood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$872,500
$1,015,000
$837,625
$910,000
4.3%
Average Price per Square Foot ...........................
$527
$618
$558
$571
8.3%
Properties Sold .......................................................
19
12
14
19
0.0%
Properties Pending Sale .......................................
10
19
13
18
80.0%
Properties For Sale ................................................
73
58
44
49
-32.9%
Days on Market (Pending Sale) ...........................
52
46
35
34
-34.6%
Month’s Supply of Inventory ................................
3.8
4.8
3.1
2.6
-32.9%
Percent Under Contract ........................................
13.7%
32.8%
29.5%
36.7%
168.2%
Average Median Price for Last 12 Months ........
$875,000
$867,354
$878,333
$940,279
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$872
APR
$910,000
MAY JUN
MEDIAN SALES PRICE
JUL
$571
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Brentwood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,740,000
$3,151,500
$2,099,855
$3,433,391
25.3%
Average Price per Square Foot ...........................
$1,033
$979
$876
$743
-28.1%
Properties Sold .......................................................
7
18
28
11
57.1%
Properties Pending Sale .......................................
25
20
15
24
-4.0%
Properties For Sale ................................................
132
112
84
124
-6.1%
Days on Market (Pending Sale) ...........................
76
58
68
51
-32.9%
Month’s Supply of Inventory ................................
18.9
6.2
3
11.3
-40.2%
Percent Under Contract ........................................
18.9%
17.9%
17.9%
19.4%
2.2%
Average Median Price for Last 12 Months ........
$2,437,000
$2,714,290
$2,990,464
$2,751,249
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.740
APR
$3,433,391
MAY JUN
MEDIAN SALES PRICE
JUL
$743
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
11.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.433 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,525,900
$2,022,500
$1,675,000
$1,165,000
-23.7%
Average Price per Square Foot ...........................
$706
$739
$672
$706
0.0%
Properties Sold .......................................................
2
2
9
3
50.0%
Properties Pending Sale .......................................
10
7
8
10
0.0%
Properties For Sale ................................................
23
24
20
21
-8.7%
Days on Market (Pending Sale) ...........................
26
26
42
47
80.8%
Month’s Supply of Inventory ................................
11.5
12
2.2
7
-39.1%
Percent Under Contract ........................................
43.5%
29.2%
40.0%
47.6%
9.5%
Average Median Price for Last 12 Months ........
$1,510,000
$1,544,667
$1,432,667
$1,546,300
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.525
APR
$1,165,000
MAY JUN
MEDIAN SALES PRICE
JUL
$706
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Culver City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$742,500
$813,000
$877,000
$991,000
33.5%
Average Price per Square Foot ...........................
$502
$583
$577
$630
25.5%
Properties Sold .......................................................
8
20
18
17
112.5%
Properties Pending Sale .......................................
26
17
12
21
-19.2%
Properties For Sale ................................................
53
44
43
56
5.7%
Days on Market (Pending Sale) ...........................
46
41
24
23
-50.0%
Month’s Supply of Inventory ................................
6.6
2.2
2.4
3.3
-50.3%
Percent Under Contract ........................................
49.1%
38.6%
27.9%
37.5%
-23.6%
Average Median Price for Last 12 Months ........
$787,000
$892,500
$948,333
$863,331
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$742
APR
$991,000
MAY JUN
MEDIAN SALES PRICE
JUL
$630
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$991 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,163,000
$1,330,000
$1,317,500
$1,087,500
-6.5%
Average Price per Square Foot ...........................
$562
$562
$667
$580
3.2%
Properties Sold .......................................................
24
13
24
16
-33.3%
Properties Pending Sale .......................................
21
19
20
32
52.4%
Properties For Sale ................................................
128
106
92
109
-14.8%
Days on Market (Pending Sale) ...........................
57
59
60
40
-29.8%
Month’s Supply of Inventory ................................
5.3
8.2
3.8
6.8
27.7%
Percent Under Contract ........................................
16.4%
17.9%
21.7%
29.4%
78.9%
Average Median Price for Last 12 Months ........
$1,210,000
$1,287,917
$1,273,333
$1,294,827
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.163
APR
$1,087,500
MAY JUN
MEDIAN SALES PRICE
JUL
$580
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.087 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Hollywood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$987,500
$662,500
$700,000
$855,000
-13.4%
Average Price per Square Foot ...........................
$598
$542
$464
$876
46.5%
Properties Sold .......................................................
6
4
9
9
50.0%
Properties Pending Sale .......................................
4
8
8
7
75.0%
Properties For Sale ................................................
45
27
40
40
-11.1%
Days on Market (Pending Sale) ...........................
49
23
60
17
-65.3%
Month’s Supply of Inventory ................................
7.5
6.8
4.4
4.4
-40.7%
Percent Under Contract ........................................
8.9%
29.6%
20.0%
17.5%
96.9%
Average Median Price for Last 12 Months ........
$655,000
$849,917
$895,833
$869,855
24.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$987
APR
$855,000
MAY JUN
MEDIAN SALES PRICE
JUL
$876
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Hollywood Hills East DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,010,000
$1,166,000
$1,437,500
$1,170,660
15.9%
Average Price per Square Foot ...........................
$544
$496
$689
$554
1.8%
Properties Sold .......................................................
9
11
10
11
22.2%
Properties Pending Sale .......................................
15
13
7
14
-6.7%
Properties For Sale ................................................
74
67
61
52
-29.7%
Days on Market (Pending Sale) ...........................
80
68
64
116
45.0%
Month’s Supply of Inventory ................................
4.9
5.2
8.7
4.7
-4.2%
Percent Under Contract ........................................
20.3%
19.4%
11.5%
26.9%
32.8%
Average Median Price for Last 12 Months ........
$1,122,000
$1,149,326
$1,090,403
$1,124,312
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.010
APR
$1,170,660
MAY JUN
MEDIAN SALES PRICE
JUL
$554
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Laurel Canyon DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,582,500
$1,400,000
$1,205,000
$1,800,000
13.7%
Average Price per Square Foot ...........................
$709
$727
$808
$749
5.6%
Properties Sold .......................................................
30
23
23
19
-36.7%
Properties Pending Sale .......................................
34
21
27
32
-5.9%
Properties For Sale ................................................
173
135
127
138
-20.2%
Days on Market (Pending Sale) ...........................
63
79
60
51
-19.0%
Month’s Supply of Inventory ................................
5.1
6.4
4.7
7.3
42.7%
Percent Under Contract ........................................
19.7%
15.6%
21.3%
23.2%
18.0%
Average Median Price for Last 12 Months ........
$1,263,000
$1,495,000
$1,581,667
$1,435,423
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.582
APR
$1,800,000
MAY JUN
MEDIAN SALES PRICE
JUL
$749
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Los Feliz DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,020,000
$1,063,500
$1,417,900
$1,087,500
6.6%
Average Price per Square Foot ...........................
$589
$626
$724
$584
-0.8%
Properties Sold .......................................................
23
19
22
16
-30.4%
Properties Pending Sale .......................................
21
16
15
22
4.8%
Properties For Sale ................................................
112
72
69
76
-32.1%
Days on Market (Pending Sale) ...........................
36
54
59
33
-8.3%
Month’s Supply of Inventory ................................
5.3
4.5
4.6
4.8
-10.9%
Percent Under Contract ........................................
18.8%
22.2%
21.7%
28.9%
54.4%
Average Median Price for Last 12 Months ........
$1,158,000
$1,364,533
$1,318,333
$1,311,285
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.020
APR
$1,087,500
MAY JUN
MEDIAN SALES PRICE
JUL
$584
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.087 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Malibu DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,870,000
$3,250,000
$2,520,000
$2,125,000
13.6%
Average Price per Square Foot ...........................
$727
$1,317
$800
$726
-0.1%
Properties Sold .......................................................
9
15
17
15
66.7%
Properties Pending Sale .......................................
17
16
18
16
-5.9%
Properties For Sale ................................................
216
211
188
195
-9.7%
Days on Market (Pending Sale) ...........................
97
127
145
108
11.3%
Month’s Supply of Inventory ................................
24
14.1
11.1
13
-45.8%
Percent Under Contract ........................................
7.9%
7.6%
9.6%
8.2%
4.3%
Average Median Price for Last 12 Months ........
$1,989,000
$2,214,635
$1,930,104
$2,317,139
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.870
APR
$2,125,000
MAY JUN
MEDIAN SALES PRICE
JUL
$726
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
13 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Malibu Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$6,332,500
$7,950,000
$4,700,000
$3,750,000
-40.8%
Average Price per Square Foot ...........................
$2,099
$2,488
$2,000
$1,764
-16.0%
Properties Sold .......................................................
5
3
3
3
-40.0%
Properties Pending Sale .......................................
2
4
4
5
150.0%
Properties For Sale ................................................
84
72
67
75
-10.7%
Days on Market (Pending Sale) ...........................
134
192
204
193
44.0%
Month’s Supply of Inventory ................................
16.8
24
22.3
25
48.8%
Percent Under Contract ........................................
2.4%
5.6%
6.0%
6.7%
180.0%
Average Median Price for Last 12 Months ........
$6,151,000
$6,596,250
$4,450,833
$6,441,740
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.332
MAR APR
$3,750,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,764
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
25 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Marina Del Rey DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,150,000
$1,557,500
$1,602,500
$1,200,000
4.3%
Average Price per Square Foot ...........................
$529
$602
$663
$616
16.4%
Properties Sold .......................................................
3
6
2
7
133.3%
Properties Pending Sale .......................................
9
4
4
4
-55.6%
Properties For Sale ................................................
29
24
24
13
-55.2%
Days on Market (Pending Sale) ...........................
48
45
65
48
0.0%
Month’s Supply of Inventory ................................
9.7
4
12
1.9
-80.8%
Percent Under Contract ........................................
31.0%
16.7%
16.7%
30.8%
-0.9%
Average Median Price for Last 12 Months ........
$1,594,000
$1,575,138
$1,956,109
$1,652,027
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.150
APR
$1,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
$616
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Mid Los Angeles DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$413,500
$580,000
$450,000
$450,000
8.8%
Average Price per Square Foot ...........................
$285
$387
$311
$298
4.6%
Properties Sold .......................................................
38
12
37
32
-15.8%
Properties Pending Sale .......................................
30
20
30
33
10.0%
Properties For Sale ................................................
161
84
135
135
-16.1%
Days on Market (Pending Sale) ...........................
55
32
75
43
-21.8%
Month’s Supply of Inventory ................................
4.2
7
3.6
4.2
-0.4%
Percent Under Contract ........................................
18.6%
23.8%
22.2%
24.4%
31.2%
Average Median Price for Last 12 Months ........
$458,000
$463,183
$455,167
$509,815
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$413
APR
$450,000
MAY JUN
MEDIAN SALES PRICE
JUL
$298
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Mid Wilshire DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$850,000
$739,500
$572,500
$522,500
-38.5%
Average Price per Square Foot ...........................
$394
$343
$322
$456
15.7%
Properties Sold .......................................................
1
4
7
2
100.0%
Properties Pending Sale .......................................
4
3
6
10
150.0%
Properties For Sale ................................................
35
11
30
34
-2.9%
Days on Market (Pending Sale) ...........................
120
84
40
58
-51.7%
Month’s Supply of Inventory ................................
35
2.8
4.3
17
-51.4%
Percent Under Contract ........................................
11.4%
27.3%
20.0%
29.4%
157.4%
Average Median Price for Last 12 Months ........
$540,000
$523,417
$519,333
$618,385
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $850
MAR APR
$522,500
MAY JUN
MEDIAN SALES PRICE
JUL
$456
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
17 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$522 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Pacific Palisades DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,850,000
$2,410,000
$1,990,000
$3,475,000
21.9%
Average Price per Square Foot ...........................
$899
$1,025
$870
$924
2.8%
Properties Sold .......................................................
29
24
15
25
-13.8%
Properties Pending Sale .......................................
34
28
11
37
8.8%
Properties For Sale ................................................
134
120
96
125
-6.7%
Days on Market (Pending Sale) ...........................
47
68
86
61
29.8%
Month’s Supply of Inventory ................................
4.6
5
6.4
5
8.2%
Percent Under Contract ........................................
25.4%
23.3%
11.5%
29.6%
16.7%
Average Median Price for Last 12 Months ........
$2,392,000
$2,541,900
$2,840,667
$2,587,028
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.850
APR
$3,475,000
MAY JUN
MEDIAN SALES PRICE
JUL
$924
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Palms - Mar Vista DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,312,500
$945,000
$1,175,000
$1,195,000
-9.0%
Average Price per Square Foot ...........................
$651
$621
$629
$712
9.4%
Properties Sold .......................................................
22
17
31
25
13.6%
Properties Pending Sale .......................................
33
28
29
38
15.2%
Properties For Sale ................................................
90
85
67
90
0.0%
Days on Market (Pending Sale) ...........................
38
42
42
46
21.1%
Month’s Supply of Inventory ................................
4.1
5
2.2
3.6
-12.0%
Percent Under Contract ........................................
36.7%
32.9%
43.3%
42.2%
15.2%
Average Median Price for Last 12 Months ........
$961,000
$1,117,191
$1,066,000
$1,084,203
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.312
APR
$1,195,000
MAY JUN
MEDIAN SALES PRICE
JUL
$712
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Playa Del Rey DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,250,000
$1,299,000
$1,108,000
$2,295,000
83.6%
Average Price per Square Foot ...........................
$498
$583
$540
$527
5.8%
Properties Sold .......................................................
5
5
4
7
40.0%
Properties Pending Sale .......................................
6
3
5
6
0.0%
Properties For Sale ................................................
24
17
22
14
-41.7%
Days on Market (Pending Sale) ...........................
56
50
59
108
92.9%
Month’s Supply of Inventory ................................
4.8
3.4
5.5
2
-58.3%
Percent Under Contract ........................................
25.0%
17.6%
22.7%
42.9%
71.4%
Average Median Price for Last 12 Months ........
$1,157,000
$1,486,667
$1,868,333
$1,383,423
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.250
APR
$2,295,000
MAY JUN
MEDIAN SALES PRICE
JUL
$527
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Playa Vista DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$0
$1,555,000
$2,128,050
$1,835,000
0%
Average Price per Square Foot ...........................
$0
$450
$544
$480
0%
Properties Sold .......................................................
0
1
2
2
0%
Properties Pending Sale .......................................
1
5
0
4
300.0%
Properties For Sale ................................................
5
8
4
7
40.0%
Days on Market (Pending Sale) ...........................
110
63
0
56
-49.1%
Month’s Supply of Inventory ................................
0
8
2
3.5
0%
Percent Under Contract ........................................
20.0%
62.5%
0.0%
57.1%
185.7%
Average Median Price for Last 12 Months ........
$1,318,000
$1,640,625
$1,770,817
$1,423,386
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR APR
$1,835,000
MAY JUN
MEDIAN SALES PRICE
JUL
$480
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Santa Monica DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,312,500
$1,929,500
$2,510,000
$2,165,000
-6.4%
Average Price per Square Foot ...........................
$972
$1,013
$1,119
$1,336
37.4%
Properties Sold .......................................................
14
24
22
18
28.6%
Properties Pending Sale .......................................
15
24
16
26
73.3%
Properties For Sale ................................................
85
82
66
88
3.5%
Days on Market (Pending Sale) ...........................
55
45
41
29
-47.3%
Month’s Supply of Inventory ................................
6.1
3.4
3
4.9
-19.5%
Percent Under Contract ........................................
17.6%
29.3%
24.2%
29.5%
67.4%
Average Median Price for Last 12 Months ........
$1,981,000
$2,375,375
$2,444,383
$2,167,692
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.312
APR
$2,165,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,336
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,688,000
$1,930,000
$1,600,000
$1,888,700
11.9%
Average Price per Square Foot ...........................
$782
$963
$1,014
$818
4.6%
Properties Sold .......................................................
32
29
37
28
-12.5%
Properties Pending Sale .......................................
41
29
37
45
9.8%
Properties For Sale ................................................
239
266
251
289
20.9%
Days on Market (Pending Sale) ...........................
82
69
76
53
-35.4%
Month’s Supply of Inventory ................................
7.5
9.2
6.8
10.3
38.2%
Percent Under Contract ........................................
17.2%
10.9%
14.7%
15.6%
-9.2%
Average Median Price for Last 12 Months ........
$1,462,000
$1,745,871
$1,658,233
$1,770,268
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.688
APR
$1,888,700
MAY JUN
MEDIAN SALES PRICE
JUL
$818
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.888 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Venice DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,683,300
$1,400,000
$1,653,500
$1,695,000
0.7%
Average Price per Square Foot ...........................
$902
$887
$901
$1,025
13.6%
Properties Sold .......................................................
19
7
20
19
0.0%
Properties Pending Sale .......................................
22
16
8
14
-36.4%
Properties For Sale ................................................
60
59
54
72
20.0%
Days on Market (Pending Sale) ...........................
65
89
50
65
0.0%
Month’s Supply of Inventory ................................
3.2
8.4
2.7
3.8
20.0%
Percent Under Contract ........................................
36.7%
27.1%
14.8%
19.4%
-47.0%
Average Median Price for Last 12 Months ........
$1,409,000
$1,593,313
$1,571,667
$1,620,590
15.0%
*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 MAR
$1.683
APR
$1,695,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,025
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West Hollywood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,087,500
$1,280,000
$949,000
$1,477,500
35.9%
Average Price per Square Foot ...........................
$748
$799
$795
$770
2.9%
Properties Sold .......................................................
6
10
11
14
133.3%
Properties Pending Sale .......................................
14
7
10
20
42.9%
Properties For Sale ................................................
47
46
50
53
12.8%
Days on Market (Pending Sale) ...........................
94
94
54
42
-55.3%
Month’s Supply of Inventory ................................
7.8
4.6
4.5
3.8
-51.7%
Percent Under Contract ........................................
29.8%
15.2%
20.0%
37.7%
26.7%
Average Median Price for Last 12 Months ........
$1,106,000
$1,396,083
$1,700,833
$1,309,784
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.087
APR
$1,477,500
MAY JUN
MEDIAN SALES PRICE
JUL
$770
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.477 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West Los Angeles DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$877,500
$890,000
$845,000
$944,000
7.6%
Average Price per Square Foot ...........................
$580
$627
$650
$710
22.4%
Properties Sold .......................................................
7
11
9
6
-14.3%
Properties Pending Sale .......................................
9
11
9
11
22.2%
Properties For Sale ................................................
37
40
39
37
0.0%
Days on Market (Pending Sale) ...........................
39
27
53
53
35.9%
Month’s Supply of Inventory ................................
5.3
3.6
4.3
6.2
16.7%
Percent Under Contract ........................................
24.3%
27.5%
23.1%
29.7%
22.2%
Average Median Price for Last 12 Months ........
$807,000
$909,600
$919,500
$890,188
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$877
APR
$944,000
MAY JUN
MEDIAN SALES PRICE
JUL
$710
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$944 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Westchester DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$782,500
$897,500
$827,000
$855,000
9.3%
Average Price per Square Foot ...........................
$497
$530
$524
$544
9.5%
Properties Sold .......................................................
26
24
27
23
-11.5%
Properties Pending Sale .......................................
27
16
13
27
0.0%
Properties For Sale ................................................
81
59
53
58
-28.4%
Days on Market (Pending Sale) ...........................
37
38
47
29
-21.6%
Month’s Supply of Inventory ................................
3.1
2.5
2
2.5
-19.1%
Percent Under Contract ........................................
33.3%
27.1%
24.5%
46.6%
39.7%
Average Median Price for Last 12 Months ........
$781,000
$867,393
$879,195
$837,412
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$782
APR
$855,000
MAY JUN
MEDIAN SALES PRICE
JUL
$544
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Westwood - Century City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,950,000
$1,905,000
$1,530,000
$1,997,500
2.4%
Average Price per Square Foot ...........................
$777
$752
$741
$827
6.4%
Properties Sold .......................................................
11
18
11
8
-27.3%
Properties Pending Sale .......................................
14
16
5
15
7.1%
Properties For Sale ................................................
51
65
47
46
-9.8%
Days on Market (Pending Sale) ...........................
29
42
96
32
10.3%
Month’s Supply of Inventory ................................
4.6
3.6
4.3
5.8
24.0%
Percent Under Contract ........................................
27.5%
24.6%
10.6%
32.6%
18.8%
Average Median Price for Last 12 Months ........
$1,547,000
$1,704,208
$1,829,417
$1,780,981
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.950
APR
$1,997,500
MAY JUN
MEDIAN SALES PRICE
JUL
$827
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.997 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
South Bay Macro Market DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$934,564
$1,195,250
$1,144,270
$1,235,517
32.2%
Average Price per Square Foot ...........................
$532
$561
$545
$608
14.4%
Properties Sold .......................................................
197
213
202
211
7.1%
Properties Pending Sale .......................................
245
229
151
281
14.7%
Properties For Sale ................................................
783
903
660
793
1.3%
Days on Market (Pending Sale) ...........................
54
61
65
40
-25.3%
Month’s Supply of Inventory ................................
4
4.2
3.3
3.8
-5.4%
Percent Under Contract ........................................
31.3%
25.4%
22.9%
35.4%
13.2%
Average Median Price for Last 12 Months ........
$1,062,733
$1,154,654
$1,209,749
$1,170,063
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$934
APR
$1,235,517
MAY JUN
MEDIAN SALES PRICE
JUL
$608
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.235 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
El Segundo DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$730,000
$777,500
$949,000
$909,250
24.6%
Average Price per Square Foot ...........................
$604
$800
$502
$542
-10.3%
Properties Sold .......................................................
5
2
7
6
20.0%
Properties Pending Sale .......................................
7
1
4
5
-28.6%
Properties For Sale ................................................
19
9
8
14
-26.3%
Days on Market (Pending Sale) ...........................
34
127
32
17
-50.0%
Month’s Supply of Inventory ................................
3.8
4.5
1.1
2.3
-38.6%
Percent Under Contract ........................................
36.8%
11.1%
50.0%
35.7%
-3.1%
Average Median Price for Last 12 Months ........
$849,000
$1,042,625
$908,917
$949,135
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$730
APR
$909,250
MAY JUN
MEDIAN SALES PRICE
JUL
$542
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$909 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Hermosa Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,234,000
$1,029,000
$1,599,999
$1,972,500
59.8%
Average Price per Square Foot ...........................
$956
$808
$857
$1,310
37.0%
Properties Sold .......................................................
3
10
7
12
300.0%
Properties Pending Sale .......................................
7
9
7
11
57.1%
Properties For Sale ................................................
35
38
28
28
-20.0%
Days on Market (Pending Sale) ...........................
69
30
41
37
-46.4%
Month’s Supply of Inventory ................................
11.7
3.8
4
2.3
-80.0%
Percent Under Contract ........................................
20.0%
23.7%
25.0%
39.3%
96.4%
Average Median Price for Last 12 Months ........
$1,203,000
$1,559,575
$1,715,833
$1,561,035
29.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.234
APR
$1,972,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,310
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.972 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Manhattan Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,717,000
$1,780,000
$1,825,000
$2,205,000
28.4%
Average Price per Square Foot ...........................
$788
$928
$884
$994
26.1%
Properties Sold .......................................................
25
22
26
24
-4.0%
Properties Pending Sale .......................................
43
30
11
28
-34.9%
Properties For Sale ................................................
95
85
41
87
-8.4%
Days on Market (Pending Sale) ...........................
41
56
79
23
-43.9%
Month’s Supply of Inventory ................................
3.8
3.9
1.6
3.6
-4.6%
Percent Under Contract ........................................
45.3%
35.3%
26.8%
32.2%
-28.9%
Average Median Price for Last 12 Months ........
$1,823,000
$2,007,083
$2,017,500
$1,942,865
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.717
APR
$2,205,000
MAY JUN
MEDIAN SALES PRICE
JUL
$994
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Palos Verdes Estates DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,737,500
$3,000,000
$1,349,500
$1,797,500
3.5%
Average Price per Square Foot ...........................
$693
$827
$597
$627
-9.5%
Properties Sold .......................................................
14
13
8
14
0.0%
Properties Pending Sale .......................................
18
17
9
18
0.0%
Properties For Sale ................................................
61
86
68
65
6.6%
Days on Market (Pending Sale) ...........................
37
61
91
45
21.6%
Month’s Supply of Inventory ................................
4.4
6.6
8.5
4.6
6.6%
Percent Under Contract ........................................
29.5%
19.8%
13.2%
27.7%
-6.2%
Average Median Price for Last 12 Months ........
$1,619,000
$1,570,063
$1,683,333
$1,692,529
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.737
APR
$1,797,500
MAY JUN
MEDIAN SALES PRICE
JUL
$627
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Rancho Palos Verdes DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,145,000
$1,195,999
$1,235,000
$1,085,000
-5.2%
Average Price per Square Foot ...........................
$527
$533
$517
$512
-2.8%
Properties Sold .......................................................
25
35
25
33
32.0%
Properties Pending Sale .......................................
33
41
22
46
39.4%
Properties For Sale ................................................
113
156
108
140
23.9%
Days on Market (Pending Sale) ...........................
93
55
55
48
-48.4%
Month’s Supply of Inventory ................................
4.5
4.5
4.3
4.2
-6.1%
Percent Under Contract ........................................
29.2%
26.3%
20.4%
32.9%
12.5%
Average Median Price for Last 12 Months ........
$1,137,000
$1,148,333
$1,165,833
$1,158,146
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.145
APR
$1,085,000
MAY JUN
MEDIAN SALES PRICE
JUL
$512
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.085 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Redondo Beach- North DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$790,000
$869,500
$772,500
$925,000
17.1%
Average Price per Square Foot ...........................
$434
$445
$506
$505
16.4%
Properties Sold .......................................................
21
18
14
14
-33.3%
Properties Pending Sale .......................................
13
12
11
18
38.5%
Properties For Sale ................................................
33
39
41
36
9.1%
Days on Market (Pending Sale) ...........................
45
32
28
40
-11.1%
Month’s Supply of Inventory ................................
1.6
2.2
2.9
2.6
63.6%
Percent Under Contract ........................................
39.4%
30.8%
26.8%
50.0%
26.9%
Average Median Price for Last 12 Months ........
$734,000
$830,917
$882,000
$826,262
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$790
APR
$925,000
MAY JUN
MEDIAN SALES PRICE
JUL
$505
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Redondo Beach- South DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$867,500
$1,120,500
$1,288,000
$1,075,000
23.9%
Average Price per Square Foot ...........................
$603
$562
$570
$652
8.1%
Properties Sold .......................................................
13
14
17
16
23.1%
Properties Pending Sale .......................................
17
17
11
14
-17.6%
Properties For Sale ................................................
43
59
37
42
-2.3%
Days on Market (Pending Sale) ...........................
54
35
60
23
-57.4%
Month’s Supply of Inventory ................................
3.3
4.2
2.2
2.6
-20.6%
Percent Under Contract ........................................
39.5%
28.8%
29.7%
33.3%
-15.7%
Average Median Price for Last 12 Months ........
$962,000
$1,137,500
$1,145,667
$1,087,269
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$867
APR
$1,075,000
MAY JUN
MEDIAN SALES PRICE
JUL
$652
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Rolling Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$0
$3,300,000
$2,844,575
$3,400,000
0%
Average Price per Square Foot ...........................
$0
$649
$843
$945
0%
Properties Sold .......................................................
0
1
2
3
0%
Properties Pending Sale .......................................
3
3
1
3
0.0%
Properties For Sale ................................................
20
24
14
20
0.0%
Days on Market (Pending Sale) ...........................
159
118
174
119
-25.2%
Month’s Supply of Inventory ................................
0
24
7
6.7
0%
Percent Under Contract ........................................
15.0%
12.5%
7.1%
15.0%
0.0%
Average Median Price for Last 12 Months ........
$2,908,000
$3,232,515
$3,390,167
$3,274,270
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR APR
$3,400,000
MAY JUN
MEDIAN SALES PRICE
JUL
$945
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Rolling Hills Estates DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,280,000
$1,221,250
$1,619,282
$1,350,000
5.5%
Average Price per Square Foot ...........................
$569
$628
$548
$548
-3.7%
Properties Sold .......................................................
3
6
10
3
0.0%
Properties Pending Sale .......................................
7
5
3
6
-14.3%
Properties For Sale ................................................
26
29
19
18
-30.8%
Days on Market (Pending Sale) ...........................
26
50
61
31
19.2%
Month’s Supply of Inventory ................................
8.7
4.8
1.9
6
-30.8%
Percent Under Contract ........................................
26.9%
17.2%
15.8%
33.3%
23.8%
Average Median Price for Last 12 Months ........
$1,296,000
$1,474,547
$1,463,500
$1,399,656
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.280
APR
$1,350,000
MAY JUN
MEDIAN SALES PRICE
JUL
$548
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Pedro DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$535,000
$520,000
$548,750
$533,500
-0.3%
Average Price per Square Foot ...........................
$314
$341
$337
$389
23.9%
Properties Sold .......................................................
28
31
28
28
0.0%
Properties Pending Sale .......................................
28
28
27
39
39.3%
Properties For Sale ................................................
131
130
123
137
4.6%
Days on Market (Pending Sale) ...........................
76
44
81
47
-38.2%
Month’s Supply of Inventory ................................
4.7
4.2
4.4
4.9
4.6%
Percent Under Contract ........................................
21.4%
21.5%
22.0%
28.5%
33.2%
Average Median Price for Last 12 Months ........
$496,000
$525,458
$522,833
$535,327
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$535
APR
$533,500
MAY JUN
MEDIAN SALES PRICE
JUL
$389
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$533 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Torrance- County Strip DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$460,000
$418,500
$442,500
$475,500
3.4%
Average Price per Square Foot ...........................
$267
$298
$374
$364
36.3%
Properties Sold .......................................................
3
8
2
2
-33.3%
Properties Pending Sale .......................................
8
7
3
8
0.0%
Properties For Sale ................................................
31
30
25
23
-25.8%
Days on Market (Pending Sale) ...........................
29
43
38
38
31.0%
Month’s Supply of Inventory ................................
10.3
3.8
12.5
11.5
11.3%
Percent Under Contract ........................................
25.8%
23.3%
12.0%
34.8%
34.8%
Average Median Price for Last 12 Months ........
$396,000
$433,292
$464,750
$438,404
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$460
APR
$475,500
MAY JUN
MEDIAN SALES PRICE
JUL
$364
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
11.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Torrance- North DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$541,900
$550,000
$567,500
$590,000
8.9%
Average Price per Square Foot ...........................
$395
$377
$386
$422
6.8%
Properties Sold .......................................................
18
9
18
18
0.0%
Properties Pending Sale .......................................
20
14
11
18
-10.0%
Properties For Sale ................................................
47
48
31
40
-14.9%
Days on Market (Pending Sale) ...........................
36
62
50
27
-25.0%
Month’s Supply of Inventory ................................
2.6
5.3
1.7
2.2
-14.9%
Percent Under Contract ........................................
42.6%
29.2%
35.5%
45.0%
5.8%
Average Median Price for Last 12 Months ........
$521,000
$577,992
$581,817
$557,908
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$541
APR
$590,000
MAY JUN
MEDIAN SALES PRICE
JUL
$422
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Torrance- South DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$775,000
$787,500
$850,000
$777,500
0.3%
Average Price per Square Foot ...........................
$449
$455
$459
$530
18.0%
Properties Sold .......................................................
12
14
18
12
0.0%
Properties Pending Sale .......................................
8
17
16
21
162.5%
Properties For Sale ................................................
41
61
43
45
9.8%
Days on Market (Pending Sale) ...........................
50
58
78
31
-38.0%
Month’s Supply of Inventory ................................
3.4
4.4
2.4
3.8
9.8%
Percent Under Contract ........................................
19.5%
27.9%
37.2%
46.7%
139.2%
Average Median Price for Last 12 Months ........
$764,000
$803,583
$795,083
$797,615
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$775
APR
$777,500
MAY JUN
MEDIAN SALES PRICE
JUL
$530
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Torrance- Southeast DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$575,000
$569,000
$549,950
$610,000
6.1%
Average Price per Square Foot ...........................
$378
$378
$363
$417
10.3%
Properties Sold .......................................................
18
15
10
15
-16.7%
Properties Pending Sale .......................................
18
15
5
22
22.2%
Properties For Sale ................................................
52
70
48
54
3.8%
Days on Market (Pending Sale) ...........................
41
88
54
58
41.5%
Month’s Supply of Inventory ................................
2.9
4.7
4.8
3.6
24.6%
Percent Under Contract ........................................
34.6%
21.4%
10.4%
40.7%
17.7%
Average Median Price for Last 12 Months ........
$528,000
$598,971
$635,000
$591,256
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$575
APR
$610,000
MAY JUN
MEDIAN SALES PRICE
JUL
$417
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Torrance- West DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$696,000
$790,000
$722,500
$827,000
18.8%
Average Price per Square Foot ...........................
$466
$390
$429
$368
-21.0%
Properties Sold .......................................................
9
15
10
11
22.2%
Properties Pending Sale .......................................
15
13
10
24
60.0%
Properties For Sale ................................................
36
39
26
44
22.2%
Days on Market (Pending Sale) ...........................
19
61
60
20
5.3%
Month’s Supply of Inventory ................................
4
2.6
2.6
4
0.0%
Percent Under Contract ........................................
41.7%
33.3%
38.5%
54.5%
30.9%
Average Median Price for Last 12 Months ........
$705,000
$755,750
$774,000
$739,269
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$696
APR
$827,000
MAY JUN
MEDIAN SALES PRICE
JUL
$368
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$827 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$727,643
$731,429
$780,429
$770,000
5.8%
Average Price per Square Foot ...........................
$376
$403
$388
$414
10.2%
Properties Sold .......................................................
368
420
491
446
21.2%
Properties Pending Sale .......................................
471
465
456
589
25.1%
Properties For Sale ................................................
899
1,167
1,004
899
0.0%
Days on Market (Pending Sale) ...........................
58
62
64
70
19.9%
Month’s Supply of Inventory ................................
2.4
2.8
2
2
-17.5%
Percent Under Contract ........................................
52.4%
39.8%
45.4%
65.5%
25.1%
Average Median Price for Last 12 Months ........
$703,857
$764,500
$773,714
$769,585
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$727
APR
$770,000
MAY JUN
MEDIAN SALES PRICE
JUL
$414
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Burbank DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$635,000
$669,000
$640,000
$650,000
2.4%
Average Price per Square Foot ...........................
$418
$408
$424
$431
3.1%
Properties Sold .......................................................
51
49
56
51
0.0%
Properties Pending Sale .......................................
49
41
47
73
49.0%
Properties For Sale ................................................
59
84
75
78
32.2%
Days on Market (Pending Sale) ...........................
59
49
44
47
-20.3%
Month’s Supply of Inventory ................................
1.2
1.7
1.3
1.5
32.2%
Percent Under Contract ........................................
83.1%
48.8%
62.7%
93.6%
12.7%
Average Median Price for Last 12 Months ........
$609,769
$650,333
$652,333
$649,077
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$635
APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$431
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Encino DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$928,000
$1,083,000
$1,200,000
$1,058,000
14.0%
Average Price per Square Foot ...........................
$384
$420
$423
$434
13.0%
Properties Sold .......................................................
31
29
53
34
9.7%
Properties Pending Sale .......................................
39
47
40
62
59.0%
Properties For Sale ................................................
96
120
110
118
22.9%
Days on Market (Pending Sale) ...........................
57
71
64
60
5.3%
Month’s Supply of Inventory ................................
3.1
4.1
2.1
3.5
12.1%
Percent Under Contract ........................................
40.6%
39.2%
36.4%
52.5%
29.3%
Average Median Price for Last 12 Months ........
$955,769
$1,053,833
$1,019,667
$1,043,538
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$928
APR
$1,058,000
MAY JUN
MEDIAN SALES PRICE
JUL
$434
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.058 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Glendale DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$664,000
$715,000
$715,000
$785,000
18.2%
Average Price per Square Foot ...........................
$404
$417
$392
$426
5.4%
Properties Sold .......................................................
42
49
69
53
26.2%
Properties Pending Sale .......................................
53
50
71
74
39.6%
Properties For Sale ................................................
119
121
98
99
-16.8%
Days on Market (Pending Sale) ...........................
55
60
46
56
1.8%
Month’s Supply of Inventory ................................
2.8
2.5
1.4
1.9
-34.1%
Percent Under Contract ........................................
44.5%
41.3%
72.4%
74.7%
67.8%
Average Median Price for Last 12 Months ........
$685,846
$741,333
$743,667
$736,692
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$664
APR
$785,000
MAY JUN
MEDIAN SALES PRICE
JUL
$426
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
La Crescenta DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$765,000
$760,000
$721,000
$660,000
-13.7%
Average Price per Square Foot ...........................
$413
$410
$410
$498
20.6%
Properties Sold .......................................................
14
26
19
13
-7.1%
Properties Pending Sale .......................................
19
20
15
13
-31.6%
Properties For Sale ................................................
31
29
20
27
-12.9%
Days on Market (Pending Sale) ...........................
53
45
80
48
-9.4%
Month’s Supply of Inventory ................................
2.2
1.1
1.1
2.1
-6.2%
Percent Under Contract ........................................
61.3%
69.0%
75.0%
48.1%
-21.4%
Average Median Price for Last 12 Months ........
$658,462
$697,833
$682,000
$719,615
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $765
MAR APR
$660,000
MAY JUN
MEDIAN SALES PRICE
JUL
$498
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
North Hollywood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$455,000
$485,000
$486,000
$441,000
-3.1%
Average Price per Square Foot ...........................
$319
$350
$347
$316
-0.9%
Properties Sold .......................................................
36
45
52
24
-33.3%
Properties Pending Sale .......................................
40
45
45
48
20.0%
Properties For Sale ................................................
70
84
90
73
4.3%
Days on Market (Pending Sale) ...........................
55
46
62
58
5.5%
Month’s Supply of Inventory ................................
1.9
1.9
1.7
3
56.4%
Percent Under Contract ........................................
57.1%
53.6%
50.0%
65.8%
15.1%
Average Median Price for Last 12 Months ........
$402,385
$447,667
$443,667
$448,154
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$455
APR
$441,000
MAY JUN
MEDIAN SALES PRICE
JUL
$316
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$441 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Shadow Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$690,000
$755,000
$1,219,000
$860,000
24.6%
Average Price per Square Foot ...........................
$243
$256
$295
$222
-8.6%
Properties Sold .......................................................
3
2
1
1
-66.7%
Properties Pending Sale .......................................
4
1
1
6
50.0%
Properties For Sale ................................................
8
18
15
9
12.5%
Days on Market (Pending Sale) ...........................
116
114
82
163
40.5%
Month’s Supply of Inventory ................................
2.7
9
15
9
237.5%
Percent Under Contract ........................................
50.0%
5.6%
6.7%
66.7%
33.3%
Average Median Price for Last 12 Months ........
$712,769
$829,400
$766,500
$766,500
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$690
APR
$860,000
MAY JUN
MEDIAN SALES PRICE
JUL
$222
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sherman Oaks DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$805,000
$860,000
$925,000
$924,000
14.8%
Average Price per Square Foot ...........................
$442
$482
$460
$527
19.2%
Properties Sold .......................................................
45
63
77
46
2.2%
Properties Pending Sale .......................................
59
62
46
66
11.9%
Properties For Sale ................................................
111
168
119
112
0.9%
Days on Market (Pending Sale) ...........................
47
64
58
55
17.0%
Month’s Supply of Inventory ................................
2.5
2.7
1.5
2.4
-1.3%
Percent Under Contract ........................................
53.2%
36.9%
38.7%
58.9%
10.9%
Average Median Price for Last 12 Months ........
$828,769
$894,833
$928,667
$900,692
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$805
APR
$924,000
MAY JUN
MEDIAN SALES PRICE
JUL
$527
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Studio City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,140,000
$960,000
$975,000
$1,043,000
-8.5%
Average Price per Square Foot ...........................
$478
$610
$477
$532
11.3%
Properties Sold .......................................................
30
25
25
28
-6.7%
Properties Pending Sale .......................................
30
29
19
36
20.0%
Properties For Sale ................................................
66
80
80
56
-15.2%
Days on Market (Pending Sale) ...........................
72
69
63
70
-2.8%
Month’s Supply of Inventory ................................
2.2
3.2
3.2
2
-9.1%
Percent Under Contract ........................................
45.5%
36.2%
23.8%
64.3%
41.4%
Average Median Price for Last 12 Months ........
$1,021,308
$1,151,833
$1,217,667
$1,168,154
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.140
APR
$1,043,000
MAY JUN
MEDIAN SALES PRICE
JUL
$532
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.043 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sun Valley DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$433,000
$395,000
$403,000
$375,000
-13.4%
Average Price per Square Foot ...........................
$265
$309
$302
$305
15.1%
Properties Sold .......................................................
12
13
14
23
91.7%
Properties Pending Sale .......................................
17
28
27
26
52.9%
Properties For Sale ................................................
34
41
42
22
-35.3%
Days on Market (Pending Sale) ...........................
58
56
66
48
-17.2%
Month’s Supply of Inventory ................................
2.8
3.2
3
1
-66.2%
Percent Under Contract ........................................
50.0%
68.3%
64.3%
118.2%
136.4%
Average Median Price for Last 12 Months ........
$404,923
$418,000
$425,000
$405,692
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$433
APR
$375,000
MAY JUN
MEDIAN SALES PRICE
JUL
$305
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sunland/Tujunga DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$395,000
$495,000
$458,000
$461,000
16.7%
Average Price per Square Foot ...........................
$329
$302
$308
$331
0.6%
Properties Sold .......................................................
21
37
26
36
71.4%
Properties Pending Sale .......................................
36
34
34
48
33.3%
Properties For Sale ................................................
58
79
55
60
3.4%
Days on Market (Pending Sale) ...........................
59
47
54
57
-3.4%
Month’s Supply of Inventory ................................
2.8
2.1
2.1
1.7
-39.7%
Percent Under Contract ........................................
62.1%
43.0%
61.8%
80.0%
28.9%
Average Median Price for Last 12 Months ........
$406,692
$479,500
$476,667
$466,615
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$395
APR
$461,000
MAY JUN
MEDIAN SALES PRICE
JUL
$331
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$461 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Tarzana DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$810,000
$634,000
$895,000
$890,000
9.9%
Average Price per Square Foot ...........................
$387
$382
$383
$356
-8.0%
Properties Sold .......................................................
21
18
14
32
52.4%
Properties Pending Sale .......................................
34
22
30
27
-20.6%
Properties For Sale ................................................
68
106
90
77
13.2%
Days on Market (Pending Sale) ...........................
56
67
87
80
42.9%
Month’s Supply of Inventory ................................
3.2
5.9
6.4
2.4
-25.7%
Percent Under Contract ........................................
50.0%
20.8%
33.3%
35.1%
-29.9%
Average Median Price for Last 12 Months ........
$791,231
$862,833
$872,333
$881,923
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$810
APR
$890,000
MAY JUN
MEDIAN SALES PRICE
JUL
$356
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Toluca Lake DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,013,000
$862,000
$849,000
$1,175,000
16.0%
Average Price per Square Foot ...........................
$425
$476
$470
$663
56.0%
Properties Sold .......................................................
4
6
8
11
175.0%
Properties Pending Sale .......................................
7
8
4
9
28.6%
Properties For Sale ................................................
11
20
16
15
36.4%
Days on Market (Pending Sale) ...........................
20
61
66
59
195.0%
Month’s Supply of Inventory ................................
2.8
3.3
2
1.4
-50.4%
Percent Under Contract ........................................
63.6%
40.0%
25.0%
60.0%
-5.7%
Average Median Price for Last 12 Months ........
$995,077
$993,167
$1,110,000
$1,113,308
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.013
APR
$1,175,000
MAY JUN
MEDIAN SALES PRICE
JUL
$663
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Valley Village DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$819,000
$822,000
$725,000
$768,000
-6.2%
Average Price per Square Foot ...........................
$414
$464
$419
$432
4.3%
Properties Sold .......................................................
12
9
16
12
0.0%
Properties Pending Sale .......................................
12
9
11
19
58.3%
Properties For Sale ................................................
23
26
17
17
-26.1%
Days on Market (Pending Sale) ...........................
56
55
45
105
87.5%
Month’s Supply of Inventory ................................
1.9
2.9
1.1
1.4
-26.1%
Percent Under Contract ........................................
52.2%
34.6%
64.7%
111.8%
114.2%
Average Median Price for Last 12 Months ........
$734,077
$791,500
$789,667
$781,154
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$819
APR
$768,000
MAY JUN
MEDIAN SALES PRICE
JUL
$432
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$768 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Woodland Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$635,000
$745,000
$715,000
$690,000
8.7%
Average Price per Square Foot ...........................
$342
$352
$327
$327
-4.4%
Properties Sold .......................................................
46
49
61
82
78.3%
Properties Pending Sale .......................................
72
69
66
82
13.9%
Properties For Sale ................................................
145
191
177
136
-6.2%
Days on Market (Pending Sale) ...........................
55
69
73
75
36.4%
Month’s Supply of Inventory ................................
3.2
3.9
2.9
1.7
-47.4%
Percent Under Contract ........................................
49.7%
36.1%
37.3%
60.3%
21.4%
Average Median Price for Last 12 Months ........
$646,923
$697,667
$696,667
$693,077
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$635
APR
$690,000
MAY JUN
MEDIAN SALES PRICE
JUL
$327
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,021,364
$976,636
$993,818
$1,057,273
3.5%
Average Price per Square Foot ...........................
$499
$513
$488
$516
3.6%
Properties Sold .......................................................
275
278
280
247
-10.2%
Properties Pending Sale .......................................
295
319
247
326
10.5%
Properties For Sale ................................................
520
735
585
726
39.6%
Days on Market (Pending Sale) ...........................
53
49
59
46
-12.5%
Month’s Supply of Inventory ................................
1.9
2.6
2.1
2.9
55.4%
Percent Under Contract ........................................
56.7%
43.4%
42.2%
44.9%
-20.8%
Average Median Price for Last 12 Months ........
$885,699
$998,030
$987,727
$979,259
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.021
APR
$1,057,273
MAY JUN
MEDIAN SALES PRICE
JUL
$516
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.057 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Altadena DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$550,000
$605,000
$578,000
$668,000
21.5%
Average Price per Square Foot ...........................
$358
$409
$392
$412
15.1%
Properties Sold .......................................................
33
36
34
33
0.0%
Properties Pending Sale .......................................
41
38
32
41
0.0%
Properties For Sale ................................................
43
82
60
57
32.6%
Days on Market (Pending Sale) ...........................
51
55
64
68
33.3%
Month’s Supply of Inventory ................................
1.3
2.3
1.8
1.7
32.6%
Percent Under Contract ........................................
95.3%
46.3%
53.3%
71.9%
-24.6%
Average Median Price for Last 12 Months ........
$570,923
$631,667
$644,000
$613,846
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$550
APR
$668,000
MAY JUN
MEDIAN SALES PRICE
JUL
$412
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$668 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Arcadia DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,388,000
$1,310,000
$1,255,000
$1,295,000
-6.7%
Average Price per Square Foot ...........................
$597
$544
$577
$549
-8.0%
Properties Sold .......................................................
45
31
48
30
-33.3%
Properties Pending Sale .......................................
36
49
35
48
33.3%
Properties For Sale ................................................
91
172
147
199
118.7%
Days on Market (Pending Sale) ...........................
48
59
63
75
56.2%
Month’s Supply of Inventory ................................
2
5.5
3.1
6.6
228.0%
Percent Under Contract ........................................
39.6%
28.5%
23.8%
24.1%
-39.0%
Average Median Price for Last 12 Months ........
$1,321,231
$1,367,167
$1,307,667
$1,354,308
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.388
APR
$1,295,000
MAY JUN
MEDIAN SALES PRICE
JUL
$549
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Duarte DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$540,000
$423,000
$475,000
$508,000
-5.9%
Average Price per Square Foot ...........................
$279
$304
$302
$335
20.1%
Properties Sold .......................................................
11
11
12
13
18.2%
Properties Pending Sale .......................................
11
15
17
15
36.4%
Properties For Sale ................................................
18
34
21
23
27.8%
Days on Market (Pending Sale) ...........................
58
56
82
67
15.5%
Month’s Supply of Inventory ................................
1.6
3.1
1.8
1.8
8.1%
Percent Under Contract ........................................
61.1%
44.1%
81.0%
65.2%
6.7%
Average Median Price for Last 12 Months ........
$391,462
$456,667
$456,000
$445,000
13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$540
APR
$508,000
MAY JUN
MEDIAN SALES PRICE
JUL
$335
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Eagle Rock DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$611,000
$665,000
$815,000
$638,000
4.4%
Average Price per Square Foot ...........................
$414
$428
$431
$476
15.0%
Properties Sold .......................................................
21
17
11
14
-33.3%
Properties Pending Sale .......................................
23
21
10
19
-17.4%
Properties For Sale ................................................
26
25
19
24
-7.7%
Days on Market (Pending Sale) ...........................
32
47
39
23
-28.1%
Month’s Supply of Inventory ................................
1.2
1.5
1.7
1.7
38.5%
Percent Under Contract ........................................
88.5%
84.0%
52.6%
79.2%
-10.5%
Average Median Price for Last 12 Months ........
$564,000
$683,500
$658,667
$679,077
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$611
APR
$638,000
MAY JUN
MEDIAN SALES PRICE
JUL
$476
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$638 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
La Canada Flintridge DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,560,000
$1,290,000
$1,439,000
$2,100,000
34.6%
Average Price per Square Foot ...........................
$573
$571
$580
$731
27.6%
Properties Sold .......................................................
20
13
23
10
-50.0%
Properties Pending Sale .......................................
20
13
16
20
0.0%
Properties For Sale ................................................
36
49
27
52
44.4%
Days on Market (Pending Sale) ...........................
79
57
70
38
-51.9%
Month’s Supply of Inventory ................................
1.8
3.8
1.2
5.2
188.9%
Percent Under Contract ........................................
55.6%
26.5%
59.3%
38.5%
-30.8%
Average Median Price for Last 12 Months ........
$1,288,923
$1,575,500
$1,681,667
$1,443,615
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.560
APR
$2,100,000
MAY JUN
MEDIAN SALES PRICE
JUL
$731
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Monrovia DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$562,000
$637,000
$635,000
$583,000
3.7%
Average Price per Square Foot ...........................
$435
$395
$401
$427
-1.8%
Properties Sold .......................................................
18
28
23
16
-11.1%
Properties Pending Sale .......................................
25
31
22
30
20.0%
Properties For Sale ................................................
61
58
50
64
4.9%
Days on Market (Pending Sale) ...........................
55
53
54
44
-20.0%
Month’s Supply of Inventory ................................
3.4
2.1
2.2
4
18.0%
Percent Under Contract ........................................
41.0%
53.4%
44.0%
46.9%
14.4%
Average Median Price for Last 12 Months ........
$532,000
$570,667
$547,333
$593,923
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$562
APR
$583,000
MAY JUN
MEDIAN SALES PRICE
JUL
$427
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$583 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Pasadena DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$740,000
$795,000
$770,000
$788,000
6.5%
Average Price per Square Foot ...........................
$496
$524
$474
$482
-2.8%
Properties Sold .......................................................
75
71
76
86
14.7%
Properties Pending Sale .......................................
96
83
76
103
7.3%
Properties For Sale ................................................
145
191
157
175
20.7%
Days on Market (Pending Sale) ...........................
60
48
53
67
11.7%
Month’s Supply of Inventory ................................
1.9
2.7
2.1
2
5.3%
Percent Under Contract ........................................
66.2%
43.5%
48.4%
58.9%
-11.1%
Average Median Price for Last 12 Months ........
$682,923
$742,833
$742,333
$760,231
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$740
APR
$788,000
MAY JUN
MEDIAN SALES PRICE
JUL
$482
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Gabriel DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$705,000
$710,000
$745,000
$655,000
-7.1%
Average Price per Square Foot ...........................
$400
$414
$418
$432
8.0%
Properties Sold .......................................................
24
35
26
22
-8.3%
Properties Pending Sale .......................................
22
31
20
23
4.5%
Properties For Sale ................................................
53
59
48
60
13.2%
Days on Market (Pending Sale) ...........................
51
39
54
35
-31.4%
Month’s Supply of Inventory ................................
2.2
1.7
1.8
2.7
23.5%
Percent Under Contract ........................................
41.5%
52.5%
41.7%
38.3%
-7.7%
Average Median Price for Last 12 Months ........
$616,000
$698,500
$708,000
$694,769
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$705
APR
$655,000
MAY JUN
MEDIAN SALES PRICE
JUL
$432
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Marino DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,579,000
$2,397,000
$2,035,000
$2,275,000
-11.8%
Average Price per Square Foot ...........................
$838
$1,037
$831
$871
3.9%
Properties Sold .......................................................
11
11
8
9
-18.2%
Properties Pending Sale .......................................
10
11
5
9
-10.0%
Properties For Sale ................................................
11
24
26
27
145.5%
Days on Market (Pending Sale) ...........................
42
40
38
29
-31.0%
Month’s Supply of Inventory ................................
1
2.2
3.2
3
200.0%
Percent Under Contract ........................................
90.9%
45.8%
19.2%
33.3%
-63.3%
Average Median Price for Last 12 Months ........
$1,973,923
$2,193,167
$2,160,000
$2,196,231
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.579
APR
$2,275,000
MAY JUN
MEDIAN SALES PRICE
JUL
$871
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sierra Madre DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$960,000
$922,000
$775,000
$1,240,000
29.2%
Average Price per Square Foot ...........................
$479
$468
$481
$383
-20.0%
Properties Sold .......................................................
9
14
7
3
-66.7%
Properties Pending Sale .......................................
3
10
9
8
166.7%
Properties For Sale ................................................
17
16
18
26
52.9%
Days on Market (Pending Sale) ...........................
60
48
81
21
-65.0%
Month’s Supply of Inventory ................................
1.9
1.1
2.6
8.7
358.8%
Percent Under Contract ........................................
17.6%
62.5%
50.0%
30.8%
74.4%
Average Median Price for Last 12 Months ........
$836,231
$922,833
$952,667
$882,231
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$960
APR
$1,240,000
MAY JUN
MEDIAN SALES PRICE
JUL
$383
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.240 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
South Pasadena DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,040,000
$989,000
$1,410,000
$880,000
-15.4%
Average Price per Square Foot ...........................
$615
$544
$484
$583
-5.2%
Properties Sold .......................................................
8
11
12
11
37.5%
Properties Pending Sale .......................................
8
17
5
10
25.0%
Properties For Sale ................................................
19
25
12
19
0.0%
Days on Market (Pending Sale) ...........................
48
34
53
44
-8.3%
Month’s Supply of Inventory ................................
2.4
2.3
1
1.7
-27.3%
Percent Under Contract ........................................
42.1%
68.0%
41.7%
52.6%
25.0%
Average Median Price for Last 12 Months ........
$944,923
$1,135,833
$1,006,667
$1,108,615
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.040
APR
$880,000
MAY JUN
MEDIAN SALES PRICE
JUL
$583
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : March 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : March 2015
telesproperties.com
Orange County DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$650,000
$680,000
$667,000
$680,000
4.6%
Average Price per Square Foot ...........................
$391
$431
$400
$403
3.1%
Properties Sold .......................................................
1384
1473
1417
1599
15.5%
Properties Pending Sale .......................................
1710
1510
1060
2086
22.0%
Properties For Sale ................................................
6,660
7,560
5,458
6,600
-0.9%
Days on Market (Pending Sale) ...........................
64
64
77
52
-18.8%
Month’s Supply of Inventory ................................
4.8
5.1
3.9
4.1
-14.2%
Percent Under Contract ........................................
25.7%
20.0%
19.4%
31.6%
23.1%
Average Median Price for Last 12 Months ........
$641,000
$669,199
$663,000
$672,011
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$650
APR
$680,000
MAY JUN
MEDIAN SALES PRICE
JUL
$403
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Aliso Viejo DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$662,500
$697,500
$698,000
$720,000
8.7%
Average Price per Square Foot ...........................
$343
$362
$363
$366
6.7%
Properties Sold .......................................................
16
16
18
15
-6.2%
Properties Pending Sale .......................................
29
25
6
26
-10.3%
Properties For Sale ................................................
79
91
49
60
-24.1%
Days on Market (Pending Sale) ...........................
71
60
74
37
-47.9%
Month’s Supply of Inventory ................................
4.9
5.7
2.7
4
-19.0%
Percent Under Contract ........................................
36.7%
27.5%
12.2%
43.3%
18.0%
Average Median Price for Last 12 Months ........
$688,000
$702,167
$695,000
$713,808
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$662
APR
$720,000
MAY JUN
MEDIAN SALES PRICE
JUL
$366
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Balboa Peninsula DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,065,000
$1,950,000
$2,275,000
$4,345,000
110.4%
Average Price per Square Foot ...........................
$736
$1,303
$838
$1,435
95.0%
Properties Sold .......................................................
3
3
7
2
-33.3%
Properties Pending Sale .......................................
5
4
6
4
-20.0%
Properties For Sale ................................................
38
43
35
36
-5.3%
Days on Market (Pending Sale) ...........................
130
39
85
102
-21.5%
Month’s Supply of Inventory ................................
12.7
14.3
5
18
42.1%
Percent Under Contract ........................................
13.2%
9.3%
17.1%
11.1%
-15.6%
Average Median Price for Last 12 Months ........
$2,610,000
$3,202,500
$3,018,333
$2,897,885
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.065
APR
$4,345,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,435
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
18 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.345 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,835,000
$1,792,500
$2,450,000
$2,316,000
-18.3%
Average Price per Square Foot ...........................
$1,008
$1,028
$1,092
$1,043
3.5%
Properties Sold .......................................................
9
16
9
5
-44.4%
Properties Pending Sale .......................................
14
11
9
8
-42.9%
Properties For Sale ................................................
57
80
64
88
54.4%
Days on Market (Pending Sale) ...........................
58
94
85
52
-10.3%
Month’s Supply of Inventory ................................
6.3
5
7.1
17.6
177.9%
Percent Under Contract ........................................
24.6%
13.8%
14.1%
9.1%
-63.0%
Average Median Price for Last 12 Months ........
$2,491,000
$2,122,382
$2,015,598
$2,188,715
-12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.835
APR
$2,316,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,043
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
17.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.316 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Coto de Caza DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,121,000
$1,105,000
$1,215,000
$1,255,000
12.0%
Average Price per Square Foot ...........................
$321
$335
$333
$334
4.0%
Properties Sold .......................................................
18
11
19
20
11.1%
Properties Pending Sale .......................................
22
25
11
36
63.6%
Properties For Sale ................................................
121
143
92
120
-0.8%
Days on Market (Pending Sale) ...........................
48
74
101
110
129.2%
Month’s Supply of Inventory ................................
6.7
13
4.8
6
-10.7%
Percent Under Contract ........................................
18.2%
17.5%
12.0%
30.0%
65.0%
Average Median Price for Last 12 Months ........
$1,067,000
$1,251,250
$1,238,333
$1,199,231
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.121
APR
$1,255,000
MAY JUN
MEDIAN SALES PRICE
JUL
$334
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.255 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Crystal Cove DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$3,880,000
$8,750,000
$4,450,000
$3,930,000
1.3%
Average Price per Square Foot ...........................
$1,125
$1,134
$1,172
$959
-14.8%
Properties Sold .......................................................
3
3
4
2
-33.3%
Properties Pending Sale .......................................
4
4
0
3
-25.0%
Properties For Sale ................................................
21
25
15
26
23.8%
Days on Market (Pending Sale) ...........................
104
124
0
175
68.3%
Month’s Supply of Inventory ................................
7
8.3
3.8
13
85.7%
Percent Under Contract ........................................
19.0%
16.0%
0.0%
11.5%
-39.4%
Average Median Price for Last 12 Months ........
$4,522,000
$4,844,875
$3,930,000
$5,021,227
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$3.880
APR
$3,930,000
MAY JUN
MEDIAN SALES PRICE
JUL
$959
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
13 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Dana Point DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$909,950
$866,250
$920,938
$1,092,450
20.1%
Average Price per Square Foot ...........................
$566
$622
$552
$559
-1.2%
Properties Sold .......................................................
20
38
32
28
40.0%
Properties Pending Sale .......................................
29
33
15
46
58.6%
Properties For Sale ................................................
158
183
130
171
8.2%
Days on Market (Pending Sale) ...........................
38
75
94
72
89.5%
Month’s Supply of Inventory ................................
7.9
4.8
4.1
6.1
-22.7%
Percent Under Contract ........................................
18.4%
18.0%
11.5%
26.9%
46.6%
Average Median Price for Last 12 Months ........
$896,000
$1,028,940
$1,111,650
$952,826
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$909
APR
$1,092,450
MAY JUN
MEDIAN SALES PRICE
JUL
$559
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.092 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
East Bluff - Harbor View DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,725,000
$1,282,000
$1,795,000
$1,640,000
-4.9%
Average Price per Square Foot ...........................
$627
$672
$628
$672
7.2%
Properties Sold .......................................................
10
21
21
23
130.0%
Properties Pending Sale .......................................
22
16
12
23
4.5%
Properties For Sale ................................................
94
117
80
102
8.5%
Days on Market (Pending Sale) ...........................
65
74
97
66
1.5%
Month’s Supply of Inventory ................................
9.4
5.6
3.8
4.4
-52.8%
Percent Under Contract ........................................
23.4%
13.7%
15.0%
22.5%
-3.7%
Average Median Price for Last 12 Months ........
$1,698,000
$1,748,583
$1,701,333
$1,717,231
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.725
APR
$1,640,000
MAY JUN
MEDIAN SALES PRICE
JUL
$672
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
East Costa Mesa DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$925,000
$765,000
$990,000
$887,000
-4.1%
Average Price per Square Foot ...........................
$545
$457
$521
$464
-14.9%
Properties Sold .......................................................
14
14
14
17
21.4%
Properties Pending Sale .......................................
19
15
4
26
36.8%
Properties For Sale ................................................
73
75
47
61
-16.4%
Days on Market (Pending Sale) ...........................
42
70
102
56
33.3%
Month’s Supply of Inventory ................................
5.2
5.4
3.4
3.6
-31.2%
Percent Under Contract ........................................
26.0%
20.0%
8.5%
42.6%
63.8%
Average Median Price for Last 12 Months ........
$849,000
$940,497
$984,327
$909,436
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$925
APR
$887,000
MAY JUN
MEDIAN SALES PRICE
JUL
$464
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$887 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Fountain Valley DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$654,000
$655,000
$681,000
$682,500
4.4%
Average Price per Square Foot ...........................
$360
$351
$355
$360
0.0%
Properties Sold .......................................................
26
29
16
26
0.0%
Properties Pending Sale .......................................
31
28
15
31
0.0%
Properties For Sale ................................................
69
72
53
76
10.1%
Days on Market (Pending Sale) ...........................
36
49
36
31
-13.9%
Month’s Supply of Inventory ................................
2.7
2.5
3.3
2.9
10.1%
Percent Under Contract ........................................
44.9%
38.9%
28.3%
40.8%
-9.2%
Average Median Price for Last 12 Months ........
$644,000
$681,417
$676,667
$678,731
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$654
APR
$682,500
MAY JUN
MEDIAN SALES PRICE
JUL
$360
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Huntington Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$750,000
$750,000
$810,000
$785,500
4.7%
Average Price per Square Foot ...........................
$416
$450
$455
$452
8.7%
Properties Sold .......................................................
95
111
81
100
5.3%
Properties Pending Sale .......................................
130
106
81
129
-0.8%
Properties For Sale ................................................
407
422
302
366
-10.1%
Days on Market (Pending Sale) ...........................
66
68
69
61
-7.6%
Month’s Supply of Inventory ................................
4.3
3.8
3.7
3.7
-14.6%
Percent Under Contract ........................................
31.9%
25.1%
26.8%
35.2%
10.3%
Average Median Price for Last 12 Months ........
$716,000
$775,833
$780,167
$756,758
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$750
APR
$785,500
MAY JUN
MEDIAN SALES PRICE
JUL
$452
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Irvine DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$922,500
$959,800
$910,000
$899,950
-2.4%
Average Price per Square Foot ...........................
$460
$464
$474
$441
-4.1%
Properties Sold .......................................................
80
81
75
84
5.0%
Properties Pending Sale .......................................
99
79
64
127
28.3%
Properties For Sale ................................................
359
445
278
376
4.7%
Days on Market (Pending Sale) ...........................
42
66
71
44
4.8%
Month’s Supply of Inventory ................................
4.5
5.5
3.7
4.5
-0.3%
Percent Under Contract ........................................
27.6%
17.8%
23.0%
33.8%
22.5%
Average Median Price for Last 12 Months ........
$890,000
$927,720
$923,548
$919,432
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$922
APR
$899,950
MAY JUN
MEDIAN SALES PRICE
JUL
$441
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Ladera Ranch DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$870,153
$1,069,000
$720,500
$1,000,000
14.9%
Average Price per Square Foot ...........................
$304
$317
$328
$316
3.9%
Properties Sold .......................................................
27
19
26
26
-3.7%
Properties Pending Sale .......................................
23
20
12
28
21.7%
Properties For Sale ................................................
114
140
93
114
0.0%
Days on Market (Pending Sale) ...........................
30
69
86
58
93.3%
Month’s Supply of Inventory ................................
4.2
7.4
3.6
4.4
3.8%
Percent Under Contract ........................................
20.2%
14.3%
12.9%
24.6%
21.7%
Average Median Price for Last 12 Months ........
$852,000
$809,108
$848,333
$841,928
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$870
APR
$1,000,000
MAY JUN
MEDIAN SALES PRICE
JUL
$316
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Laguna Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,272,500
$2,000,000
$1,875,000
$1,850,000
-18.6%
Average Price per Square Foot ...........................
$888
$1,227
$944
$970
9.2%
Properties Sold .......................................................
24
35
29
35
45.8%
Properties Pending Sale .......................................
40
33
20
40
0.0%
Properties For Sale ................................................
254
268
191
252
-0.8%
Days on Market (Pending Sale) ...........................
102
103
79
82
-19.6%
Month’s Supply of Inventory ................................
10.6
7.7
6.6
7.2
-32.0%
Percent Under Contract ........................................
15.7%
12.3%
10.5%
15.9%
0.8%
Average Median Price for Last 12 Months ........
$1,758,000
$1,809,500
$1,854,000
$1,915,885
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.272
MAR APR
$1,850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$970
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Laguna Niguel DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$789,000
$822,500
$831,500
$810,000
2.7%
Average Price per Square Foot ...........................
$431
$428
$401
$394
-8.6%
Properties Sold .......................................................
51
62
50
51
0.0%
Properties Pending Sale .......................................
64
56
52
82
28.1%
Properties For Sale ................................................
285
333
241
285
0.0%
Days on Market (Pending Sale) ...........................
57
77
97
54
-5.3%
Month’s Supply of Inventory ................................
5.6
5.4
4.8
5.6
0.0%
Percent Under Contract ........................................
22.5%
16.8%
21.6%
28.8%
28.1%
Average Median Price for Last 12 Months ........
$784,000
$814,083
$811,167
$809,265
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$789
APR
$810,000
MAY JUN
MEDIAN SALES PRICE
JUL
$394
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Laguna Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$675,000
$787,500
$790,000
$774,000
14.7%
Average Price per Square Foot ...........................
$334
$355
$330
$427
27.8%
Properties Sold .......................................................
19
22
27
21
10.5%
Properties Pending Sale .......................................
25
19
14
24
-4.0%
Properties For Sale ................................................
95
111
69
88
-7.4%
Days on Market (Pending Sale) ...........................
67
62
104
45
-32.8%
Month’s Supply of Inventory ................................
5
5
2.6
4.2
-16.2%
Percent Under Contract ........................................
26.3%
17.1%
20.3%
27.3%
3.6%
Average Median Price for Last 12 Months ........
$709,000
$719,125
$704,667
$735,165
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$675
APR
$774,000
MAY JUN
MEDIAN SALES PRICE
JUL
$427
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Laguna Woods DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$772,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$432
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
0
0
0
1
0%
Properties For Sale ................................................
0
0
0
1
0%
Days on Market (Pending Sale) ...........................
0
0
0
6
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0%
0%
0%
100.0%
0%
Average Median Price for Last 12 Months ........
$621,000
$0
$0
$772,000
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$772
APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$4,600,000
$1,575,000
$1,725,000
$2,748,886
-40.2%
Average Price per Square Foot ...........................
$1,704
$1,476
$682
$1,037
-39.1%
Properties Sold .......................................................
1
5
1
8
700.0%
Properties Pending Sale .......................................
5
3
0
6
20.0%
Properties For Sale ................................................
49
40
29
37
-24.5%
Days on Market (Pending Sale) ...........................
102
73
0
80
-21.6%
Month’s Supply of Inventory ................................
49
8
29
4.6
-90.6%
Percent Under Contract ........................................
10.2%
7.5%
0.0%
16.2%
58.9%
Average Median Price for Last 12 Months ........
$2,725,000
$3,146,898
$3,397,962
$3,237,230
18.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.600
MAR APR
$2,748,886
MAY JUN
MEDIAN SALES PRICE
JUL
$1,037
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.748 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Mission Viejo DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$615,000
$625,000
$637,500
$653,000
6.2%
Average Price per Square Foot ...........................
$318
$320
$333
$327
2.8%
Properties Sold .......................................................
68
84
72
87
27.9%
Properties Pending Sale .......................................
79
59
56
138
74.7%
Properties For Sale ................................................
267
298
218
299
12.0%
Days on Market (Pending Sale) ...........................
50
49
76
39
-22.0%
Month’s Supply of Inventory ................................
3.9
3.5
3
3.4
-12.5%
Percent Under Contract ........................................
29.6%
19.8%
25.7%
46.2%
56.0%
Average Median Price for Last 12 Months ........
$617,000
$641,650
$654,167
$638,569
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$615
APR
$653,000
MAY JUN
MEDIAN SALES PRICE
JUL
$327
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$653 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Newport Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,849,500
$1,950,000
$1,795,000
$1,677,500
-9.3%
Average Price per Square Foot ...........................
$726
$875
$729
$748
3.0%
Properties Sold .......................................................
32
49
51
57
78.1%
Properties Pending Sale .......................................
67
38
31
57
-14.9%
Properties For Sale ................................................
323
348
263
325
0.6%
Days on Market (Pending Sale) ...........................
62
70
81
77
24.2%
Month’s Supply of Inventory ................................
10.1
7.1
5.2
5.7
-43.5%
Percent Under Contract ........................................
20.7%
10.9%
11.8%
17.5%
-15.4%
Average Median Price for Last 12 Months ........
$1,745,000
$1,770,302
$1,725,604
$1,808,716
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.849
APR
$1,677,500
MAY JUN
MEDIAN SALES PRICE
JUL
$748
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.677 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Newport Coast DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,747,500
$4,389,900
$3,200,000
$2,782,500
1.3%
Average Price per Square Foot ...........................
$828
$952
$894
$781
-5.7%
Properties Sold .......................................................
14
12
9
12
-14.3%
Properties Pending Sale .......................................
15
14
9
16
6.7%
Properties For Sale ................................................
95
98
76
94
-1.1%
Days on Market (Pending Sale) ...........................
77
112
282
108
40.3%
Month’s Supply of Inventory ................................
6.8
8.2
8.4
7.8
15.4%
Percent Under Contract ........................................
15.8%
14.3%
11.8%
17.0%
7.8%
Average Median Price for Last 12 Months ........
$2,881,000
$3,216,571
$3,135,833
$3,218,737
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.747
APR
$2,782,500
MAY JUN
MEDIAN SALES PRICE
JUL
$781
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Newport Heights DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,590,000
$2,600,000
$1,725,000
$1,525,000
-4.1%
Average Price per Square Foot ...........................
$764
$753
$572
$624
-18.3%
Properties Sold .......................................................
4
5
5
8
100.0%
Properties Pending Sale .......................................
15
0
4
7
-53.3%
Properties For Sale ................................................
36
34
26
32
-11.1%
Days on Market (Pending Sale) ...........................
56
0
68
113
101.8%
Month’s Supply of Inventory ................................
9
6.8
5.2
4
-55.6%
Percent Under Contract ........................................
41.7%
0.0%
15.4%
21.9%
-47.5%
Average Median Price for Last 12 Months ........
$1,569,000
$1,499,190
$1,300,667
$1,786,535
13.9%
*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 MAR
$1.590
APR
$1,525,000
MAY JUN
MEDIAN SALES PRICE
JUL
$624
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Rancho Santa Margarita DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$612,000
$650,000
$648,000
$643,250
5.1%
Average Price per Square Foot ...........................
$319
$313
$310
$325
1.9%
Properties Sold .......................................................
41
41
41
48
17.1%
Properties Pending Sale .......................................
38
34
25
68
78.9%
Properties For Sale ................................................
131
193
138
146
11.5%
Days on Market (Pending Sale) ...........................
45
61
78
49
8.9%
Month’s Supply of Inventory ................................
3.2
4.7
3.4
3
-4.8%
Percent Under Contract ........................................
29.0%
17.6%
18.1%
46.6%
60.6%
Average Median Price for Last 12 Months ........
$635,000
$647,450
$650,917
$647,314
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$612
APR
$643,250
MAY JUN
MEDIAN SALES PRICE
JUL
$325
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$643 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Clemente DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$816,000
$820,000
$792,500
$865,000
6.0%
Average Price per Square Foot ...........................
$371
$375
$360
$405
9.2%
Properties Sold .......................................................
38
58
54
59
55.3%
Properties Pending Sale .......................................
77
72
42
80
3.9%
Properties For Sale ................................................
302
356
232
288
-4.6%
Days on Market (Pending Sale) ...........................
82
72
98
59
-28.0%
Month’s Supply of Inventory ................................
7.9
6.1
4.3
4.9
-38.6%
Percent Under Contract ........................................
25.5%
20.2%
18.1%
27.8%
8.9%
Average Median Price for Last 12 Months ........
$815,000
$844,583
$840,667
$836,000
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$816
APR
$865,000
MAY JUN
MEDIAN SALES PRICE
JUL
$405
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
San Juan Capistrano DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$815,000
$829,388
$865,500
$850,000
4.3%
Average Price per Square Foot ...........................
$373
$339
$371
$356
-4.6%
Properties Sold .......................................................
27
16
26
23
-14.8%
Properties Pending Sale .......................................
28
24
14
33
17.9%
Properties For Sale ................................................
132
167
121
142
7.6%
Days on Market (Pending Sale) ...........................
87
69
77
71
-18.4%
Month’s Supply of Inventory ................................
4.9
10.4
4.7
6.2
26.3%
Percent Under Contract ........................................
21.2%
14.4%
11.6%
23.2%
9.6%
Average Median Price for Last 12 Months ........
$856,000
$778,833
$709,167
$758,261
-11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$815
APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$356
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Shady Canyon DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$5,619,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$677
$0
$0
$0
-100.0%
Properties Sold .......................................................
2
0
0
0
-100.0%
Properties Pending Sale .......................................
2
1
0
0
-100.0%
Properties For Sale ................................................
6
4
2
1
-83.3%
Days on Market (Pending Sale) ...........................
275
245
0
0
-100.0%
Month’s Supply of Inventory ................................
3
0
0
0
0%
Percent Under Contract ........................................
33.3%
25.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$5,622,000
$4,725,000
$5,800,000
$4,593,800
-18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$5.619
APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Turtle Ridge DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,075,000
$2,488,000
$2,237,500
$3,800,000
83.1%
Average Price per Square Foot ...........................
$602
$686
$706
$905
50.3%
Properties Sold .......................................................
4
5
4
1
-75.0%
Properties Pending Sale .......................................
1
5
3
5
400.0%
Properties For Sale ................................................
28
33
19
25
-10.7%
Days on Market (Pending Sale) ...........................
169
82
106
160
-5.3%
Month’s Supply of Inventory ................................
7
6.6
4.8
25
257.1%
Percent Under Contract ........................................
3.6%
15.2%
15.8%
20.0%
460.0%
Average Median Price for Last 12 Months ........
$2,239,000
$2,382,157
$2,594,833
$2,453,796
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.075
APR
$3,800,000
MAY JUN
MEDIAN SALES PRICE
JUL
$905
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
25 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Turtle Rock DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,390,000
$0
$1,355,000
$1,205,500
-13.3%
Average Price per Square Foot ...........................
$532
$0
$712
$588
10.5%
Properties Sold .......................................................
3
0
1
4
33.3%
Properties Pending Sale .......................................
1
1
1
3
200.0%
Properties For Sale ................................................
5
7
7
9
80.0%
Days on Market (Pending Sale) ...........................
1
31
108
33
3200.0%
Month’s Supply of Inventory ................................
1.7
0
7
2.2
35.0%
Percent Under Contract ........................................
20.0%
14.3%
14.3%
33.3%
66.7%
Average Median Price for Last 12 Months ........
$1,616,000
$1,287,850
$1,457,125
$1,304,875
-19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.390
APR
$1,205,500
MAY JUN
MEDIAN SALES PRICE
JUL
$588
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.205 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Westminster DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$495,000
$523,500
$535,900
$554,900
12.1%
Average Price per Square Foot ...........................
$330
$335
$327
$346
4.8%
Properties Sold .......................................................
31
28
33
29
-6.5%
Properties Pending Sale .......................................
48
35
22
32
-33.3%
Properties For Sale ................................................
124
118
81
101
-18.5%
Days on Market (Pending Sale) ...........................
42
55
51
34
-19.0%
Month’s Supply of Inventory ................................
4
4.2
2.5
3.5
-12.9%
Percent Under Contract ........................................
38.7%
29.7%
27.2%
31.7%
-18.2%
Average Median Price for Last 12 Months ........
$499,000
$543,633
$540,300
$534,711
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$495
APR
$554,900
MAY JUN
MEDIAN SALES PRICE
JUL
$346
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$554 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,800,000
$1,779,500
$1,438,297
$1,633,750
-9.2%
Average Price per Square Foot ...........................
$496
$684
$559
$565
13.9%
Properties Sold .......................................................
8
6
8
10
25.0%
Properties Pending Sale .......................................
14
11
5
10
-28.6%
Properties For Sale ................................................
64
63
51
69
7.8%
Days on Market (Pending Sale) ...........................
66
65
88
62
-6.1%
Month’s Supply of Inventory ................................
8
10.5
6.4
6.9
-13.8%
Percent Under Contract ........................................
21.9%
17.5%
9.8%
14.5%
-33.7%
Average Median Price for Last 12 Months ........
$1,459,000
$1,519,060
$1,604,521
$1,514,047
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.800
APR
$1,633,750
MAY JUN
MEDIAN SALES PRICE
JUL
$565
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.633 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West Newport - Lido DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$3,087,000
$2,250,000
$2,225,000
$2,050,000
-33.6%
Average Price per Square Foot ...........................
$1,232
$1,178
$1,281
$985
-20.0%
Properties Sold .......................................................
6
9
9
6
0.0%
Properties Pending Sale .......................................
4
4
4
7
75.0%
Properties For Sale ................................................
47
48
41
48
2.1%
Days on Market (Pending Sale) ...........................
22
96
48
80
263.6%
Month’s Supply of Inventory ................................
7.8
5.3
4.6
8
2.1%
Percent Under Contract ........................................
8.5%
8.3%
9.8%
14.6%
71.4%
Average Median Price for Last 12 Months ........
$1,937,000
$2,098,200
$2,096,667
$2,225,875
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.087
MAR APR
$2,050,000
MAY JUN
MEDIAN SALES PRICE
JUL
$985
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : March 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : March 2015
telesproperties.com
Carpinteria DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$901,000
$949,000
$899,000
$795,000
-11.8%
Average Price per Square Foot ...........................
$1,297
$654
$500
$1,705
31.5%
Properties Sold .......................................................
4
7
5
9
125.0%
Properties Pending Sale .......................................
13
7
4
9
-30.8%
Properties For Sale ................................................
44
46
32
40
-9.1%
Days on Market (Pending Sale) ...........................
36
94
80
139
286.1%
Month’s Supply of Inventory ................................
11
6.6
6.4
4.4
-59.6%
Percent Under Contract ........................................
29.5%
15.2%
12.5%
22.5%
-23.8%
Average Median Price for Last 12 Months ........
$1,098,000
$887,333
$910,833
$1,175,596
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$901
APR
$795,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,705
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Goleta DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$720,000
$885,000
$747,450
$730,000
1.4%
Average Price per Square Foot ...........................
$455
$499
$536
$465
2.2%
Properties Sold .......................................................
10
8
7
12
20.0%
Properties Pending Sale .......................................
17
6
6
10
-41.2%
Properties For Sale ................................................
31
27
22
30
-3.2%
Days on Market (Pending Sale) ...........................
24
36
60
54
125.0%
Month’s Supply of Inventory ................................
3.1
3.4
3.1
2.5
-19.4%
Percent Under Contract ........................................
54.8%
22.2%
27.3%
33.3%
-39.2%
Average Median Price for Last 12 Months ........
$761,000
$718,042
$707,100
$763,250
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$720
APR
$730,000
MAY JUN
MEDIAN SALES PRICE
JUL
$465
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Hope Ranch DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$5,130,750
$3,128,000
$3,275,000
$2,677,500
-47.8%
Average Price per Square Foot ...........................
$872
$713
$731
$772
-11.5%
Properties Sold .......................................................
4
3
3
4
0.0%
Properties Pending Sale .......................................
1
2
4
4
300.0%
Properties For Sale ................................................
36
33
25
26
-27.8%
Days on Market (Pending Sale) ...........................
29
300
167
33
13.8%
Month’s Supply of Inventory ................................
9
11
8.3
6.5
-27.8%
Percent Under Contract ........................................
2.8%
6.1%
16.0%
15.4%
453.8%
Average Median Price for Last 12 Months ........
$2,971,000
$2,597,750
$2,877,500
$2,881,750
-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 $5.130
MAR APR
$2,677,500
MAY JUN
MEDIAN SALES PRICE
JUL
$772
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.677 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Montecito DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$2,500,000
$2,400,000
$2,336,250
$2,400,000
-4.0%
Average Price per Square Foot ...........................
$956
$852
$687
$992
3.8%
Properties Sold .......................................................
10
25
12
23
130.0%
Properties Pending Sale .......................................
27
22
12
20
-25.9%
Properties For Sale ................................................
171
166
130
154
-9.9%
Days on Market (Pending Sale) ...........................
97
163
128
28
-71.1%
Month’s Supply of Inventory ................................
17.1
6.6
10.8
6.7
-60.8%
Percent Under Contract ........................................
15.8%
13.3%
9.2%
13.0%
-17.7%
Average Median Price for Last 12 Months ........
$2,411,000
$3,624,885
$4,586,687
$3,261,716
35.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.500
APR
$2,400,000
MAY JUN
MEDIAN SALES PRICE
JUL
$992
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Santa Barbara East of State DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,360,000
$1,300,000
$1,160,000
$1,384,000
1.8%
Average Price per Square Foot ...........................
$702
$635
$636
$721
2.7%
Properties Sold .......................................................
15
28
25
38
153.3%
Properties Pending Sale .......................................
24
27
21
28
16.7%
Properties For Sale ................................................
104
140
101
120
15.4%
Days on Market (Pending Sale) ...........................
63
38
62
41
-34.9%
Month’s Supply of Inventory ................................
6.9
5
4
3.2
-54.5%
Percent Under Contract ........................................
23.1%
19.3%
20.8%
23.3%
1.1%
Average Median Price for Last 12 Months ........
$1,084,000
$1,185,458
$1,268,000
$1,226,058
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.360
APR
$1,384,000
MAY JUN
MEDIAN SALES PRICE
JUL
$721
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.384 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Santa Barbara West of State DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$950,000
$950,000
$862,500
$957,500
0.8%
Average Price per Square Foot ...........................
$750
$693
$777
$706
-5.9%
Properties Sold .......................................................
15
23
20
16
6.7%
Properties Pending Sale .......................................
21
17
15
31
47.6%
Properties For Sale ................................................
63
77
67
76
20.6%
Days on Market (Pending Sale) ...........................
34
36
52
45
32.4%
Month’s Supply of Inventory ................................
4.2
3.3
3.4
4.8
13.1%
Percent Under Contract ........................................
33.3%
22.1%
22.4%
40.8%
22.4%
Average Median Price for Last 12 Months ........
$894,000
$1,047,083
$968,333
$1,006,769
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$950
APR
$957,500
MAY JUN
MEDIAN SALES PRICE
JUL
$706
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$957 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
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Santa Ynez DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$590,000
$640,000
$815,000
$1,157,500
96.2%
Average Price per Square Foot ...........................
$340
$291
$338
$397
16.8%
Properties Sold .......................................................
13
9
8
18
38.5%
Properties Pending Sale .......................................
10
14
6
11
10.0%
Properties For Sale ................................................
131
116
105
100
-23.7%
Days on Market (Pending Sale) ...........................
75
77
195
84
12.0%
Month’s Supply of Inventory ................................
10.1
12.9
13.1
5.6
-44.9%
Percent Under Contract ........................................
7.6%
12.1%
5.7%
11.0%
44.1%
Average Median Price for Last 12 Months ........
$699,000
$696,292
$773,333
$711,269
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$590
APR
$1,157,500
MAY JUN
MEDIAN SALES PRICE
JUL
$397
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.157 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
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Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : March 2015
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County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : March 2015
telesproperties.com
Carmel DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,250,000
$1,675,000
$1,200,000
$1,226,500
-1.9%
Average Price per Square Foot ...........................
$813
$906
$798
$801
-1.5%
Properties Sold .......................................................
20
17
13
24
20.0%
Properties Pending Sale .......................................
27
30
12
28
3.7%
Properties For Sale ................................................
153
145
113
144
-5.9%
Days on Market (Pending Sale) ...........................
122
69
70
137
12.3%
Month’s Supply of Inventory ................................
7.6
8.5
8.7
6
-21.6%
Percent Under Contract ........................................
17.6%
20.7%
10.6%
19.4%
10.2%
Average Median Price for Last 12 Months ........
$1,328,000
$1,439,192
$1,388,000
$1,395,204
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.250
APR
$1,226,500
MAY JUN
MEDIAN SALES PRICE
JUL
$801
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.226 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Carmel Valley DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,093,750
$985,000
$944,500
$812,500
-25.7%
Average Price per Square Foot ...........................
$406
$390
$386
$409
0.7%
Properties Sold .......................................................
10
6
10
10
0.0%
Properties Pending Sale .......................................
24
6
11
8
-66.7%
Properties For Sale ................................................
102
92
87
61
-40.2%
Days on Market (Pending Sale) ...........................
93
40
101
140
50.5%
Month’s Supply of Inventory ................................
10.2
15.3
8.7
6.1
-40.2%
Percent Under Contract ........................................
23.5%
6.5%
12.6%
13.1%
-44.3%
Average Median Price for Last 12 Months ........
$994,000
$893,500
$941,667
$906,827
-8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.093
MAR APR
$812,500
MAY JUN
MEDIAN SALES PRICE
JUL
$409
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$812 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Marina DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$417,500
$481,150
$417,500
$438,000
4.9%
Average Price per Square Foot ...........................
$259
$260
$275
$288
11.2%
Properties Sold .......................................................
6
7
8
9
50.0%
Properties Pending Sale .......................................
7
13
10
11
57.1%
Properties For Sale ................................................
34
42
30
20
-41.2%
Days on Market (Pending Sale) ...........................
42
108
140
26
-38.1%
Month’s Supply of Inventory ................................
5.7
6
3.8
2.2
-60.8%
Percent Under Contract ........................................
20.6%
31.0%
33.3%
55.0%
167.1%
Average Median Price for Last 12 Months ........
$401,000
$425,817
$430,967
$429,350
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$417
APR
$438,000
MAY JUN
MEDIAN SALES PRICE
JUL
$288
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Monterey DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$685,000
$664,500
$610,000
$650,000
-5.1%
Average Price per Square Foot ...........................
$356
$434
$347
$375
5.3%
Properties Sold .......................................................
13
24
15
23
76.9%
Properties Pending Sale .......................................
18
23
10
29
61.1%
Properties For Sale ................................................
116
136
95
100
-13.8%
Days on Market (Pending Sale) ...........................
77
52
112
105
36.4%
Month’s Supply of Inventory ................................
8.9
5.7
6.3
4.3
-51.3%
Percent Under Contract ........................................
15.5%
16.9%
10.5%
29.0%
86.9%
Average Median Price for Last 12 Months ........
$614,000
$655,925
$647,917
$672,273
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$685
APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$375
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Pacific Grove DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$680,202
$774,000
$739,000
$815,000
19.8%
Average Price per Square Foot ...........................
$481
$528
$590
$590
22.7%
Properties Sold .......................................................
12
8
13
17
41.7%
Properties Pending Sale .......................................
15
13
13
17
13.3%
Properties For Sale ................................................
56
66
52
51
-8.9%
Days on Market (Pending Sale) ...........................
51
73
49
85
66.7%
Month’s Supply of Inventory ................................
4.7
8.2
4
3
-35.7%
Percent Under Contract ........................................
26.8%
19.7%
25.0%
33.3%
24.4%
Average Median Price for Last 12 Months ........
$705,000
$780,417
$799,500
$748,092
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$680
APR
$815,000
MAY JUN
MEDIAN SALES PRICE
JUL
$590
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Pebble Beach DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$1,482,500
$1,570,000
$975,000
$1,348,000
-9.1%
Average Price per Square Foot ...........................
$510
$735
$686
$525
2.9%
Properties Sold .......................................................
10
15
7
9
-10.0%
Properties Pending Sale .......................................
16
12
6
14
-12.5%
Properties For Sale ................................................
83
84
73
88
6.0%
Days on Market (Pending Sale) ...........................
127
75
140
143
12.6%
Month’s Supply of Inventory ................................
8.3
5.6
10.4
9.8
17.8%
Percent Under Contract ........................................
19.3%
14.3%
8.2%
15.9%
-17.5%
Average Median Price for Last 12 Months ........
$1,508,000
$1,435,292
$1,724,750
$1,461,673
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.482
APR
$1,348,000
MAY JUN
MEDIAN SALES PRICE
JUL
$525
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.348 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Salinas DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$362,000
$389,000
$395,000
$420,000
16.0%
Average Price per Square Foot ...........................
$239
$253
$245
$247
3.3%
Properties Sold .......................................................
46
51
58
49
6.5%
Properties Pending Sale .......................................
61
57
39
67
9.8%
Properties For Sale ................................................
225
275
209
198
-12.0%
Days on Market (Pending Sale) ...........................
54
44
62
64
18.5%
Month’s Supply of Inventory ................................
4.9
5.4
3.6
4
-17.4%
Percent Under Contract ........................................
27.1%
20.7%
18.7%
33.8%
24.8%
Average Median Price for Last 12 Months ........
$346,000
$405,617
$410,817
$394,362
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$362
APR
$420,000
MAY JUN
MEDIAN SALES PRICE
JUL
$247
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$420 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Seaside DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$399,000
$348,284
$390,000
$364,000
-8.8%
Average Price per Square Foot ...........................
$313
$294
$306
$302
-3.5%
Properties Sold .......................................................
7
19
17
17
142.9%
Properties Pending Sale .......................................
20
17
17
19
-5.0%
Properties For Sale ................................................
77
72
50
36
-53.2%
Days on Market (Pending Sale) ...........................
43
36
102
48
11.6%
Month’s Supply of Inventory ................................
11
3.8
2.9
2.1
-80.7%
Percent Under Contract ........................................
26.0%
23.6%
34.0%
52.8%
103.2%
Average Median Price for Last 12 Months ........
$340,000
$359,167
$333,333
$357,137
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$399
APR
$364,000
MAY JUN
MEDIAN SALES PRICE
JUL
$302
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$364 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
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Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : March 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : March 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$645,000
$560,000
$600,000
$675,500
4.7%
Average Price per Square Foot ...........................
$509
$539
$513
$470
-7.7%
Properties Sold .......................................................
6
8
7
11
83.3%
Properties Pending Sale .......................................
10
6
6
12
20.0%
Properties For Sale ................................................
36
37
25
33
-8.3%
Days on Market (Pending Sale) ...........................
58
40
82
35
-39.7%
Month’s Supply of Inventory ................................
6
4.6
3.6
3
-50.0%
Percent Under Contract ........................................
27.8%
16.2%
24.0%
36.4%
30.9%
Average Median Price for Last 12 Months ........
$630,000
$680,283
$733,900
$648,246
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$645
APR
$675,500
MAY JUN
MEDIAN SALES PRICE
JUL
$470
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Beverly Hills DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$850,000
$1,160,000
$1,005,000
$1,285,000
51.2%
Average Price per Square Foot ...........................
$630
$626
$572
$667
5.9%
Properties Sold .......................................................
6
13
7
16
166.7%
Properties Pending Sale .......................................
10
7
6
10
0.0%
Properties For Sale ................................................
62
52
50
50
-19.4%
Days on Market (Pending Sale) ...........................
69
71
59
67
-2.9%
Month’s Supply of Inventory ................................
10.3
4
7.1
3.1
-69.8%
Percent Under Contract ........................................
16.1%
13.5%
12.0%
20.0%
24.0%
Average Median Price for Last 12 Months ........
$929,000
$1,097,648
$1,127,963
$1,066,184
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$850
APR
$1,285,000
MAY JUN
MEDIAN SALES PRICE
JUL
$667
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.285 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Brentwood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$841,000
$810,000
$632,000
$819,000
-2.6%
Average Price per Square Foot ...........................
$561
$531
$498
$568
1.2%
Properties Sold .......................................................
14
23
14
15
7.1%
Properties Pending Sale .......................................
20
13
18
19
-5.0%
Properties For Sale ................................................
83
88
69
70
-15.7%
Days on Market (Pending Sale) ...........................
48
50
61
58
20.8%
Month’s Supply of Inventory ................................
5.9
3.8
4.9
4.7
-21.3%
Percent Under Contract ........................................
24.1%
14.8%
26.1%
27.1%
12.6%
Average Median Price for Last 12 Months ........
$679,000
$710,483
$675,300
$740,762
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$841
APR
$819,000
MAY JUN
MEDIAN SALES PRICE
JUL
$568
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Culver City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$479,000
$425,000
$404,000
$440,000
-8.1%
Average Price per Square Foot ...........................
$399
$369
$401
$405
1.5%
Properties Sold .......................................................
12
17
14
24
100.0%
Properties Pending Sale .......................................
17
15
20
19
11.8%
Properties For Sale ................................................
39
49
50
42
7.7%
Days on Market (Pending Sale) ...........................
23
43
50
23
0.0%
Month’s Supply of Inventory ................................
3.2
2.9
3.6
1.8
-46.2%
Percent Under Contract ........................................
43.6%
30.6%
40.0%
45.2%
3.8%
Average Median Price for Last 12 Months ........
$370,000
$411,833
$414,000
$415,558
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$479
APR
$440,000
MAY JUN
MEDIAN SALES PRICE
JUL
$405
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Encino DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$283,000
$281,000
$312,000
$334,000
18.0%
Average Price per Square Foot ...........................
$267
$274
$262
$267
0.0%
Properties Sold .......................................................
14
14
24
20
42.9%
Properties Pending Sale .......................................
16
16
17
16
0.0%
Properties For Sale ................................................
37
48
38
43
16.2%
Days on Market (Pending Sale) ...........................
71
64
88
58
-18.3%
Month’s Supply of Inventory ................................
2.6
3.4
1.6
2.2
-18.6%
Percent Under Contract ........................................
43.2%
33.3%
44.7%
37.2%
-14.0%
Average Median Price for Last 12 Months ........
$286,615
$318,667
$319,667
$301,308
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$283
APR
$334,000
MAY JUN
MEDIAN SALES PRICE
JUL
$267
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$334 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Malibu DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$586,000
$825,000
$716,000
$560,000
-4.4%
Average Price per Square Foot ...........................
$329
$542
$458
$591
79.6%
Properties Sold .......................................................
2
3
1
3
50.0%
Properties Pending Sale .......................................
4
1
2
2
-50.0%
Properties For Sale ................................................
20
26
23
24
20.0%
Days on Market (Pending Sale) ...........................
177
39
109
138
-22.0%
Month’s Supply of Inventory ................................
10
8.7
23
8
-20.0%
Percent Under Contract ........................................
20.0%
3.8%
8.7%
8.3%
-58.3%
Average Median Price for Last 12 Months ........
$817,000
$1,008,333
$1,066,333
$925,769
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$586
APR
$560,000
MAY JUN
MEDIAN SALES PRICE
JUL
$591
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Marina Del Rey DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$702,500
$771,000
$780,000
$850,000
21.0%
Average Price per Square Foot ...........................
$473
$666
$568
$566
19.7%
Properties Sold .......................................................
20
18
28
27
35.0%
Properties Pending Sale .......................................
24
37
12
25
4.2%
Properties For Sale ................................................
135
115
87
107
-20.7%
Days on Market (Pending Sale) ...........................
57
74
43
63
10.5%
Month’s Supply of Inventory ................................
6.8
6.4
3.1
4
-41.3%
Percent Under Contract ........................................
17.8%
32.2%
13.8%
23.4%
31.4%
Average Median Price for Last 12 Months ........
$738,000
$825,458
$888,167
$795,865
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$702
APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$566
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Santa Monica DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$650,000
$1,185,400
$1,150,000
$997,500
53.5%
Average Price per Square Foot ...........................
$631
$1,068
$1,176
$998
58.2%
Properties Sold .......................................................
23
32
37
38
65.2%
Properties Pending Sale .......................................
31
38
22
33
6.5%
Properties For Sale ................................................
121
164
106
115
-5.0%
Days on Market (Pending Sale) ...........................
43
46
97
47
9.3%
Month’s Supply of Inventory ................................
5.3
5.1
2.9
3
-42.5%
Percent Under Contract ........................................
25.6%
23.2%
20.8%
28.7%
12.0%
Average Median Price for Last 12 Months ........
$705,000
$897,958
$826,417
$917,512
30.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$650
APR
$997,500
MAY JUN
MEDIAN SALES PRICE
JUL
$998
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$997 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Sherman Oaks DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$401,000
$377,000
$389,000
$465,000
16.0%
Average Price per Square Foot ...........................
$325
$311
$317
$347
6.8%
Properties Sold .......................................................
16
22
27
32
100.0%
Properties Pending Sale .......................................
22
20
22
28
27.3%
Properties For Sale ................................................
49
47
46
32
-34.7%
Days on Market (Pending Sale) ...........................
79
58
68
44
-44.3%
Month’s Supply of Inventory ................................
3.1
2.1
1.7
1
-67.3%
Percent Under Contract ........................................
44.9%
42.6%
47.8%
87.5%
94.9%
Average Median Price for Last 12 Months ........
$376,231
$419,833
$441,333
$405,385
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$401
APR
$465,000
MAY JUN
MEDIAN SALES PRICE
JUL
$347
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Studio City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$470,000
$409,000
$424,000
$490,000
4.3%
Average Price per Square Foot ...........................
$363
$365
$388
$374
3.0%
Properties Sold .......................................................
8
4
10
13
62.5%
Properties Pending Sale .......................................
11
8
9
13
18.2%
Properties For Sale ................................................
33
32
42
24
-27.3%
Days on Market (Pending Sale) ...........................
61
75
60
79
29.5%
Month’s Supply of Inventory ................................
4.1
8
4.2
1.8
-55.2%
Percent Under Contract ........................................
33.3%
25.0%
21.4%
54.2%
62.5%
Average Median Price for Last 12 Months ........
$455,923
$522,000
$518,333
$500,385
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$470
APR
$490,000
MAY JUN
MEDIAN SALES PRICE
JUL
$374
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Venice DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$775,000
$925,000
$0
$843,500
8.8%
Average Price per Square Foot ...........................
$591
$594
$0
$801
35.5%
Properties Sold .......................................................
3
4
0
2
-33.3%
Properties Pending Sale .......................................
4
2
1
1
-75.0%
Properties For Sale ................................................
10
28
20
18
80.0%
Days on Market (Pending Sale) ...........................
32
18
54
7
-78.1%
Month’s Supply of Inventory ................................
3.3
7
0
9
170.0%
Percent Under Contract ........................................
40.0%
7.1%
5.0%
5.6%
-86.1%
Average Median Price for Last 12 Months ........
$1,051,000
$989,900
$1,056,833
$1,100,233
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$775
APR
$843,500
MAY JUN
MEDIAN SALES PRICE
JUL
$801
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$843 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West Hollywood DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$684,000
$675,000
$585,000
$596,000
-12.9%
Average Price per Square Foot ...........................
$590
$548
$553
$584
-1.0%
Properties Sold .......................................................
30
19
25
40
33.3%
Properties Pending Sale .......................................
33
24
23
43
30.3%
Properties For Sale ................................................
116
143
122
142
22.4%
Days on Market (Pending Sale) ...........................
42
50
68
55
31.0%
Month’s Supply of Inventory ................................
3.9
7.5
4.9
3.6
-8.2%
Percent Under Contract ........................................
28.4%
16.8%
18.9%
30.3%
6.4%
Average Median Price for Last 12 Months ........
$556,000
$616,750
$627,000
$629,000
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$684
APR
$596,000
MAY JUN
MEDIAN SALES PRICE
JUL
$584
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$596 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
West LA DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$594,000
$640,000
$492,000
$608,000
2.4%
Average Price per Square Foot ...........................
$450
$447
$502
$466
3.6%
Properties Sold .......................................................
13
11
13
14
7.7%
Properties Pending Sale .......................................
17
10
12
14
-17.6%
Properties For Sale ................................................
50
46
41
41
-18.0%
Days on Market (Pending Sale) ...........................
30
39
56
45
50.0%
Month’s Supply of Inventory ................................
3.8
4.2
3.2
2.9
-23.9%
Percent Under Contract ........................................
34.0%
21.7%
29.3%
34.1%
0.4%
Average Median Price for Last 12 Months ........
$619,000
$609,583
$614,333
$621,769
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$594
APR
$608,000
MAY JUN
MEDIAN SALES PRICE
JUL
$466
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$608 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
Westwood - Century City DATA*
Mar 2014
6 month
3 month
Mar 2015
% change
Median Price ..........................................................
$740,000
$795,000
$716,000
$736,000
-0.5%
Average Price per Square Foot ...........................
$670
$665
$618
$626
-6.6%
Properties Sold .......................................................
49
45
40
44
-10.2%
Properties Pending Sale .......................................
48
47
31
50
4.2%
Properties For Sale ................................................
281
274
241
276
-1.8%
Days on Market (Pending Sale) ...........................
87
60
69
62
-28.7%
Month’s Supply of Inventory ................................
5.7
6.1
6
6.3
9.4%
Percent Under Contract ........................................
17.1%
17.2%
12.9%
18.1%
6.1%
Average Median Price for Last 12 Months ........
$706,000
$768,333
$792,167
$767,452
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$740
APR
$736,000
MAY JUN
MEDIAN SALES PRICE
JUL
$626
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$736 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2015
telesproperties.com
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