micro market report luxury real estate market research March 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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 2016
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 2016
telesproperties.com
Los Angeles County DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$516,000
$545,000
$548,000
$560,000
8.5%
Average Price per Square Foot ...........................
$411
$413
$424
$439
6.8%
Properties Sold .......................................................
4033
4350
4358
3999
-0.8%
Properties Pending Sale .......................................
5507
4575
3349
5241
-4.8%
Properties For Sale ................................................
18,001
19,384
15,043
17,314
-3.8%
Days on Market (Pending Sale) ...........................
47
46
53
42
-10.6%
Month’s Supply of Inventory ................................
4.5
4.5
3.5
4.3
-3.0%
Percent Under Contract ........................................
30.6%
23.6%
22.3%
30.3%
-1.1%
Average Median Price for Last 12 Months ........
$521,897
$542,625
$546,583
$541,979
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
$516
APR
$560,000
MAY JUN
MEDIAN SALES PRICE
JUL
$439
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 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 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,712,500
$2,175,000
$2,250,000
$2,107,500
-22.3%
Average Price per Square Foot ...........................
$1,092
$808
$904
$882
-19.2%
Properties Sold .......................................................
18
15
7
8
-55.6%
Properties Pending Sale .......................................
16
16
6
11
-31.2%
Properties For Sale ................................................
117
134
100
126
7.7%
Days on Market (Pending Sale) ...........................
75
74
132
37
-50.7%
Month’s Supply of Inventory ................................
6.5
8.9
14.3
15.8
142.3%
Percent Under Contract ........................................
13.7%
11.9%
6.0%
8.7%
-36.2%
Average Median Price for Last 12 Months ........
$2,650,762
$2,295,667
$2,186,500
$2,290,212
-15.7%
*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 $2.712
MAR APR
$2,107,500
MAY JUN
MEDIAN SALES PRICE
JUL
$882
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
15.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.107 M E 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 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,406,000
$1,400,000
$1,150,000
$1,425,500
1.4%
Average Price per Square Foot ...........................
$672
$714
$689
$717
6.7%
Properties Sold .......................................................
19
7
13
16
-15.8%
Properties Pending Sale .......................................
25
9
10
22
-12.0%
Properties For Sale ................................................
64
68
62
87
35.9%
Days on Market (Pending Sale) ...........................
52
54
52
27
-48.1%
Month’s Supply of Inventory ................................
3.4
9.7
4.8
5.4
61.4%
Percent Under Contract ........................................
39.1%
13.2%
16.1%
25.3%
-35.3%
Average Median Price for Last 12 Months ........
$1,347,858
$1,454,042
$1,482,250
$1,486,635
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
$1.406
APR
$1,425,500
MAY JUN
MEDIAN SALES PRICE
JUL
$717
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.425 M E 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 2016
telesproperties.com
Beverly Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$4,700,000
$8,950,000
$6,172,000
$3,995,000
-15.0%
Average Price per Square Foot ...........................
$1,405
$1,625
$1,496
$1,243
-11.5%
Properties Sold .......................................................
14
11
16
15
7.1%
Properties Pending Sale .......................................
23
10
15
10
-56.5%
Properties For Sale ................................................
108
115
107
117
8.3%
Days on Market (Pending Sale) ...........................
95
83
81
82
-13.7%
Month’s Supply of Inventory ................................
7.7
10.5
6.7
7.8
1.1%
Percent Under Contract ........................................
21.3%
8.7%
14.0%
8.5%
-59.9%
Average Median Price for Last 12 Months ........
$4,299,146
$4,734,897
$5,023,333
$5,079,183
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$4.700
APR
$3,995,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,243
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,400,000
$2,025,000
$2,577,500
$1,905,000
36.1%
Average Price per Square Foot ...........................
$761
$1,072
$889
$708
-7.0%
Properties Sold .......................................................
14
16
14
10
-28.6%
Properties Pending Sale .......................................
15
16
9
15
0.0%
Properties For Sale ................................................
150
169
141
141
-6.0%
Days on Market (Pending Sale) ...........................
98
102
70
59
-39.8%
Month’s Supply of Inventory ................................
10.7
10.6
10.1
14.1
31.6%
Percent Under Contract ........................................
10.0%
9.5%
6.4%
10.6%
6.4%
Average Median Price for Last 12 Months ........
$2,429,833
$2,876,250
$2,941,667
$2,663,692
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
$1.400
APR
$1,905,000
MAY JUN
MEDIAN SALES PRICE
JUL
$708
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
14.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.905 M E 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 2016
telesproperties.com
Beverlywood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$910,000
$1,055,500
$825,500
$1,330,088
46.2%
Average Price per Square Foot ...........................
$571
$686
$641
$637
11.6%
Properties Sold .......................................................
19
16
18
18
-5.3%
Properties Pending Sale .......................................
18
14
16
19
5.6%
Properties For Sale ................................................
49
66
55
66
34.7%
Days on Market (Pending Sale) ...........................
34
36
42
36
5.9%
Month’s Supply of Inventory ................................
2.6
4.1
3.1
3.7
42.2%
Percent Under Contract ........................................
36.7%
21.2%
29.1%
28.8%
-21.6%
Average Median Price for Last 12 Months ........
$918,594
$1,096,431
$1,231,696
$1,093,430
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$910
APR
$1,330,088
MAY JUN
MEDIAN SALES PRICE
JUL
$637
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.330 M E 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 2016
telesproperties.com
Brentwood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$3,433,391
$3,492,500
$4,500,000
$2,720,000
-20.8%
Average Price per Square Foot ...........................
$743
$946
$1,196
$894
20.3%
Properties Sold .......................................................
11
14
15
15
36.4%
Properties Pending Sale .......................................
24
23
17
32
33.3%
Properties For Sale ................................................
124
150
114
156
25.8%
Days on Market (Pending Sale) ...........................
51
54
67
59
15.7%
Month’s Supply of Inventory ................................
11.3
10.7
7.6
10.4
-7.7%
Percent Under Contract ........................................
19.4%
15.3%
14.9%
20.5%
6.0%
Average Median Price for Last 12 Months ........
$2,686,187
$2,920,938
$2,528,750
$2,942,290
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
$3.433
APR
$2,720,000
MAY JUN
MEDIAN SALES PRICE
JUL
$894
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.720 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 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,165,000
$2,296,580
$1,162,300
$1,697,500
45.7%
Average Price per Square Foot ...........................
$706
$799
$783
$741
5.0%
Properties Sold .......................................................
3
9
5
8
166.7%
Properties Pending Sale .......................................
10
3
3
8
-20.0%
Properties For Sale ................................................
27
28
25
31
14.8%
Days on Market (Pending Sale) ...........................
60
29
137
46
-23.3%
Month’s Supply of Inventory ................................
9
3.1
5
3.9
-56.9%
Percent Under Contract ........................................
37.0%
10.7%
12.0%
25.8%
-30.3%
Average Median Price for Last 12 Months ........
$1,534,500
$1,582,522
$1,640,111
$1,685,247
8.9%
*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
$1.165
APR
$1,697,500
MAY JUN
MEDIAN SALES PRICE
JUL
$741
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.697 M E 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 2016
telesproperties.com
Culver City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$991,000
$1,035,000
$1,012,500
$1,098,000
10.8%
Average Price per Square Foot ...........................
$630
$653
$678
$678
7.6%
Properties Sold .......................................................
17
25
26
15
-11.8%
Properties Pending Sale .......................................
22
20
12
22
0.0%
Properties For Sale ................................................
59
81
50
64
8.5%
Days on Market (Pending Sale) ...........................
29
38
60
18
-37.9%
Month’s Supply of Inventory ................................
3.5
3.2
1.9
4.3
22.9%
Percent Under Contract ........................................
37.3%
24.7%
24.0%
34.4%
-7.8%
Average Median Price for Last 12 Months ........
$875,645
$1,036,333
$1,021,833
$1,026,769
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
$991
APR
$1,098,000
MAY JUN
MEDIAN SALES PRICE
JUL
$678
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.098 M E 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 2016
telesproperties.com
Downtown DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$305,000
$320,000
$332,392
$430,000
41.0%
Average Price per Square Foot ...........................
$256
$265
$263
$300
17.2%
Properties Sold .......................................................
11
15
10
3
-72.7%
Properties Pending Sale .......................................
12
9
8
15
25.0%
Properties For Sale ................................................
65
71
52
63
-3.1%
Days on Market (Pending Sale) ...........................
92
30
39
59
-35.9%
Month’s Supply of Inventory ................................
5.9
4.7
5.2
21
255.4%
Percent Under Contract ........................................
18.5%
12.7%
15.4%
23.8%
29.0%
Average Median Price for Last 12 Months ........
$265,929
$325,649
$338,333
$305,744
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
$305
APR
$430,000
MAY JUN
MEDIAN SALES PRICE
JUL
$300
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
21 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,087,500
$1,317,000
$1,630,000
$1,800,000
65.5%
Average Price per Square Foot ...........................
$580
$593
$656
$726
25.2%
Properties Sold .......................................................
16
15
17
19
18.8%
Properties Pending Sale .......................................
26
23
17
27
3.8%
Properties For Sale ................................................
122
154
107
119
-2.5%
Days on Market (Pending Sale) ...........................
46
44
83
38
-17.4%
Month’s Supply of Inventory ................................
7.6
10.3
6.3
6.3
-17.9%
Percent Under Contract ........................................
21.3%
14.9%
15.9%
22.7%
6.5%
Average Median Price for Last 12 Months ........
$1,261,521
$1,479,240
$1,531,813
$1,400,726
9.9%
*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
$1.087
APR
$1,800,000
MAY JUN
MEDIAN SALES PRICE
JUL
$726
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.3 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 2016
telesproperties.com
Hollywood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$855,000
$690,000
$852,500
$900,000
5.3%
Average Price per Square Foot ...........................
$876
$511
$515
$622
-29.0%
Properties Sold .......................................................
9
5
8
7
-22.2%
Properties Pending Sale .......................................
7
1
13
4
-42.9%
Properties For Sale ................................................
44
38
52
29
-34.1%
Days on Market (Pending Sale) ...........................
17
33
39
135
694.1%
Month’s Supply of Inventory ................................
4.9
7.6
6.5
4.1
-15.3%
Percent Under Contract ........................................
15.9%
2.6%
25.0%
13.8%
-13.3%
Average Median Price for Last 12 Months ........
$852,765
$876,808
$908,000
$841,209
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$855
APR
$900,000
MAY JUN
MEDIAN SALES PRICE
JUL
$622
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Hollywood Hills East DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,170,660
$1,034,500
$1,356,122
$1,125,000
-3.9%
Average Price per Square Foot ...........................
$554
$544
$523
$598
7.9%
Properties Sold .......................................................
11
10
10
9
-18.2%
Properties Pending Sale .......................................
11
13
9
13
18.2%
Properties For Sale ................................................
62
78
61
67
8.1%
Days on Market (Pending Sale) ...........................
127
53
59
40
-68.5%
Month’s Supply of Inventory ................................
5.6
6
6.8
7.4
32.1%
Percent Under Contract ........................................
17.7%
16.7%
14.8%
19.4%
9.4%
Average Median Price for Last 12 Months ........
$1,131,024
$1,207,770
$1,164,167
$1,225,214
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
$1.170
APR
$1,125,000
MAY JUN
MEDIAN SALES PRICE
JUL
$598
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Laurel Canyon DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,645,000
$1,230,000
$1,480,000
$1,550,000
-5.8%
Average Price per Square Foot ...........................
$681
$730
$792
$726
6.6%
Properties Sold .......................................................
20
20
31
33
65.0%
Properties Pending Sale .......................................
28
21
26
18
-35.7%
Properties For Sale ................................................
135
149
130
131
-3.0%
Days on Market (Pending Sale) ...........................
53
74
82
37
-30.2%
Month’s Supply of Inventory ................................
4.8
7.1
5
7.3
50.9%
Percent Under Contract ........................................
20.7%
14.1%
20.0%
13.7%
-33.8%
Average Median Price for Last 12 Months ........
$1,379,975
$1,496,926
$1,522,018
$1,502,249
8.9%
*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
$1.645
APR
$1,550,000
MAY JUN
MEDIAN SALES PRICE
JUL
$726
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Los Feliz DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,087,500
$1,285,000
$1,460,000
$2,029,250
86.6%
Average Price per Square Foot ...........................
$584
$640
$611
$703
20.4%
Properties Sold .......................................................
16
19
19
21
31.2%
Properties Pending Sale .......................................
21
18
12
22
4.8%
Properties For Sale ................................................
89
105
80
76
-14.6%
Days on Market (Pending Sale) ...........................
36
55
104
52
44.4%
Month’s Supply of Inventory ................................
4.2
5.8
6.7
3.6
-14.6%
Percent Under Contract ........................................
23.6%
17.1%
15.0%
28.9%
22.7%
Average Median Price for Last 12 Months ........
$1,312,267
$1,652,692
$1,765,250
$1,482,108
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
$1.087
APR
$2,029,250
MAY JUN
MEDIAN SALES PRICE
JUL
$703
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.029 M E 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 2016
telesproperties.com
Malibu DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,125,000
$2,584,582
$2,437,050
$2,400,000
12.9%
Average Price per Square Foot ...........................
$726
$835
$1,093
$738
1.7%
Properties Sold .......................................................
15
16
22
17
13.3%
Properties Pending Sale .......................................
16
9
12
21
31.2%
Properties For Sale ................................................
213
242
206
211
-0.9%
Days on Market (Pending Sale) ...........................
108
168
77
76
-29.6%
Month’s Supply of Inventory ................................
14.2
15.1
9.4
12.4
-12.6%
Percent Under Contract ........................................
7.5%
3.7%
5.8%
10.0%
32.5%
Average Median Price for Last 12 Months ........
$2,276,812
$2,242,425
$2,228,333
$2,324,832
2.1%
*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
$2.125
APR
$2,400,000
MAY JUN
MEDIAN SALES PRICE
JUL
$738
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
12.4 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 2016
telesproperties.com
Malibu Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$3,750,000
$7,875,000
$5,775,000
$7,300,000
94.7%
Average Price per Square Foot ...........................
$1,764
$2,776
$2,265
$2,515
42.6%
Properties Sold .......................................................
3
4
4
5
66.7%
Properties Pending Sale .......................................
4
7
4
3
-25.0%
Properties For Sale ................................................
77
84
75
81
5.2%
Days on Market (Pending Sale) ...........................
196
182
172
236
20.4%
Month’s Supply of Inventory ................................
25.7
21
18.8
16.2
-36.9%
Percent Under Contract ........................................
5.2%
8.3%
5.3%
3.7%
-28.7%
Average Median Price for Last 12 Months ........
$6,633,969
$7,830,000
$9,133,333
$6,537,885
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$3.750
APR
$7,300,000
MAY JUN
MEDIAN SALES PRICE
JUL
$2,515
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
16.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$7.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Marina Del Rey DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,200,000
$1,546,750
$1,821,000
$850,000
-29.2%
Average Price per Square Foot ...........................
$616
$792
$745
$799
29.7%
Properties Sold .......................................................
7
6
2
3
-57.1%
Properties Pending Sale .......................................
4
3
3
7
75.0%
Properties For Sale ................................................
14
28
24
33
135.7%
Days on Market (Pending Sale) ...........................
48
54
69
35
-27.1%
Month’s Supply of Inventory ................................
2
4.7
12
11
450.0%
Percent Under Contract ........................................
28.6%
10.7%
12.5%
21.2%
-25.8%
Average Median Price for Last 12 Months ........
$1,628,757
$1,507,167
$1,238,167
$1,457,558
-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 $1.200
MAR APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$799
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
11 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 2016
telesproperties.com
Mid Los Angeles DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$450,000
$568,500
$593,056
$519,500
15.4%
Average Price per Square Foot ...........................
$298
$345
$365
$398
33.6%
Properties Sold .......................................................
32
36
42
32
0.0%
Properties Pending Sale .......................................
31
36
36
43
38.7%
Properties For Sale ................................................
151
156
148
135
-10.6%
Days on Market (Pending Sale) ...........................
47
46
37
56
19.1%
Month’s Supply of Inventory ................................
4.7
4.3
3.5
4.2
-10.6%
Percent Under Contract ........................................
20.5%
23.1%
24.3%
31.9%
55.1%
Average Median Price for Last 12 Months ........
$451,367
$536,259
$536,500
$532,389
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$450
APR
$519,500
MAY JUN
MEDIAN SALES PRICE
JUL
$398
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$519 M E 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 2016
telesproperties.com
Mid Wilshire DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$522,500
$988,000
$697,500
$737,500
41.1%
Average Price per Square Foot ...........................
$456
$443
$322
$452
-0.9%
Properties Sold .......................................................
2
2
6
4
100.0%
Properties Pending Sale .......................................
7
3
2
5
-28.6%
Properties For Sale ................................................
38
37
21
24
-36.8%
Days on Market (Pending Sale) ...........................
41
84
96
109
165.9%
Month’s Supply of Inventory ................................
19
18.5
3.5
6
-68.4%
Percent Under Contract ........................................
18.4%
8.1%
9.5%
20.8%
13.1%
Average Median Price for Last 12 Months ........
$591,650
$736,900
$770,667
$766,500
22.8%
*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
$522
APR
$737,500
MAY JUN
MEDIAN SALES PRICE
JUL
$452
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$737 M E 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 2016
telesproperties.com
Pacific Palisades DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$3,475,000
$2,842,500
$3,136,625
$2,757,000
-20.7%
Average Price per Square Foot ...........................
$924
$1,024
$950
$931
0.8%
Properties Sold .......................................................
25
22
24
24
-4.0%
Properties Pending Sale .......................................
34
21
10
20
-41.2%
Properties For Sale ................................................
130
144
117
130
0.0%
Days on Market (Pending Sale) ...........................
65
65
66
58
-10.8%
Month’s Supply of Inventory ................................
5.2
6.5
4.9
5.4
4.2%
Percent Under Contract ........................................
26.2%
14.6%
8.5%
15.4%
-41.2%
Average Median Price for Last 12 Months ........
$2,582,406
$2,823,729
$2,769,750
$2,871,721
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 $3.475
MAR APR
$2,757,000
MAY JUN
MEDIAN SALES PRICE
JUL
$931
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.757 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Palms - Mar Vista DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,195,000
$1,225,000
$1,210,000
$1,300,000
8.8%
Average Price per Square Foot ...........................
$712
$725
$719
$777
9.1%
Properties Sold .......................................................
25
25
33
31
24.0%
Properties Pending Sale .......................................
38
23
27
38
0.0%
Properties For Sale ................................................
90
84
68
86
-4.4%
Days on Market (Pending Sale) ...........................
46
29
36
39
-15.2%
Month’s Supply of Inventory ................................
3.6
3.4
2.1
2.8
-22.9%
Percent Under Contract ........................................
42.2%
27.4%
39.7%
44.2%
4.7%
Average Median Price for Last 12 Months ........
$1,043,259
$1,266,167
$1,261,333
$1,231,067
15.3%
*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
$1.195
APR
$1,300,000
MAY JUN
MEDIAN SALES PRICE
JUL
$777
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Playa Del Rey DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,295,000
$1,450,500
$1,395,000
$1,850,000
-19.4%
Average Price per Square Foot ...........................
$527
$540
$499
$681
29.2%
Properties Sold .......................................................
7
4
4
4
-42.9%
Properties Pending Sale .......................................
6
4
2
5
-16.7%
Properties For Sale ................................................
16
15
12
13
-18.8%
Days on Market (Pending Sale) ...........................
122
58
119
60
-50.8%
Month’s Supply of Inventory ................................
2.3
3.8
3
3.2
42.2%
Percent Under Contract ........................................
37.5%
26.7%
16.7%
38.5%
2.6%
Average Median Price for Last 12 Months ........
$1,333,333
$1,514,671
$1,610,175
$1,774,887
24.9%
*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
$2.295
APR
$1,850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$681
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 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 2016
telesproperties.com
Playa Vista DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,835,000
$1,450,000
$2,257,500
$0
-100.0%
Average Price per Square Foot ...........................
$480
$518
$749
$0
-100.0%
Properties Sold .......................................................
2
2
2
0
-100.0%
Properties Pending Sale .......................................
4
0
0
0
-100.0%
Properties For Sale ................................................
7
2
4
7
0.0%
Days on Market (Pending Sale) ...........................
56
0
0
0
-100.0%
Month’s Supply of Inventory ................................
3.5
1
2
0
-100.0%
Percent Under Contract ........................................
57.1%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,423,386
$2,428,750
n/a
$1,860,083
30.7%
*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
$1.835
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 2016
telesproperties.com
Santa Monica DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,165,000
$1,505,000
$3,034,000
$2,995,000
38.3%
Average Price per Square Foot ...........................
$1,336
$1,049
$981
$937
-29.9%
Properties Sold .......................................................
18
11
14
23
27.8%
Properties Pending Sale .......................................
24
12
6
26
8.3%
Properties For Sale ................................................
90
106
79
102
13.3%
Days on Market (Pending Sale) ...........................
29
23
36
44
51.7%
Month’s Supply of Inventory ................................
5
9.6
5.6
4.4
-11.3%
Percent Under Contract ........................................
26.7%
11.3%
7.6%
25.5%
-4.4%
Average Median Price for Last 12 Months ........
$2,140,104
$2,770,953
$2,915,000
$2,462,546
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
$2.165
APR
$2,995,000
MAY JUN
MEDIAN SALES PRICE
JUL
$937
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,888,700
$1,495,000
$1,540,000
$1,675,000
-11.3%
Average Price per Square Foot ...........................
$818
$703
$856
$970
18.6%
Properties Sold .......................................................
28
33
43
54
92.9%
Properties Pending Sale .......................................
39
33
36
45
15.4%
Properties For Sale ................................................
322
337
288
280
-13.0%
Days on Market (Pending Sale) ...........................
64
79
101
54
-15.6%
Month’s Supply of Inventory ................................
11.5
10.2
6.7
5.2
-54.9%
Percent Under Contract ........................................
12.1%
9.8%
12.5%
16.1%
32.7%
Average Median Price for Last 12 Months ........
$1,781,800
$1,763,917
$1,925,833
$1,726,612
-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
$1.888
APR
$1,675,000
MAY JUN
MEDIAN SALES PRICE
JUL
$970
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Venice DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,695,000
$1,650,000
$1,610,000
$1,900,000
12.1%
Average Price per Square Foot ...........................
$1,025
$1,038
$1,098
$1,079
5.3%
Properties Sold .......................................................
19
19
19
17
-10.5%
Properties Pending Sale .......................................
14
15
9
18
28.6%
Properties For Sale ................................................
83
95
79
91
9.6%
Days on Market (Pending Sale) ...........................
65
43
50
39
-40.0%
Month’s Supply of Inventory ................................
4.4
5
4.2
5.4
22.5%
Percent Under Contract ........................................
16.9%
15.8%
11.4%
19.8%
17.3%
Average Median Price for Last 12 Months ........
$1,596,865
$1,808,917
$1,904,167
$1,832,507
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
$1.695
APR
$1,900,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,079
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
West Hollywood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,477,500
$1,325,000
$1,579,999
$1,548,750
4.8%
Average Price per Square Foot ...........................
$770
$904
$859
$786
2.1%
Properties Sold .......................................................
14
11
15
10
-28.6%
Properties Pending Sale .......................................
20
12
10
11
-45.0%
Properties For Sale ................................................
53
61
37
49
-7.5%
Days on Market (Pending Sale) ...........................
42
52
57
31
-26.2%
Month’s Supply of Inventory ................................
3.8
5.5
2.5
4.9
29.4%
Percent Under Contract ........................................
37.7%
19.7%
27.0%
22.4%
-40.5%
Average Median Price for Last 12 Months ........
$1,308,886
$1,554,588
$1,572,333
$1,510,233
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
$1.477
APR
$1,548,750
MAY JUN
MEDIAN SALES PRICE
JUL
$786
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.548 M E 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 2016
telesproperties.com
West Los Angeles DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$944,000
$1,068,750
$1,225,000
$910,000
-3.6%
Average Price per Square Foot ...........................
$710
$662
$650
$857
20.7%
Properties Sold .......................................................
7
8
14
9
28.6%
Properties Pending Sale .......................................
9
9
6
14
55.6%
Properties For Sale ................................................
41
41
34
45
9.8%
Days on Market (Pending Sale) ...........................
61
66
22
27
-55.7%
Month’s Supply of Inventory ................................
5.9
5.1
2.4
5
-14.6%
Percent Under Contract ........................................
22.0%
22.0%
17.6%
31.1%
41.7%
Average Median Price for Last 12 Months ........
$815,708
$1,023,500
$975,833
$1,007,040
23.5%
*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
$944
APR
$910,000
MAY JUN
MEDIAN SALES PRICE
JUL
$857
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 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 2016
telesproperties.com
Westchester DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$855,000
$912,000
$1,020,000
$958,750
12.1%
Average Price per Square Foot ...........................
$544
$581
$543
$612
12.5%
Properties Sold .......................................................
23
21
29
20
-13.0%
Properties Pending Sale .......................................
26
21
18
26
0.0%
Properties For Sale ................................................
63
72
59
63
0.0%
Days on Market (Pending Sale) ...........................
31
42
55
47
51.6%
Month’s Supply of Inventory ................................
2.7
3.4
2
3.2
15.0%
Percent Under Contract ........................................
41.3%
29.2%
30.5%
41.3%
0.0%
Average Median Price for Last 12 Months ........
$829,953
$961,404
$986,417
$937,244
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$855
APR
$958,750
MAY JUN
MEDIAN SALES PRICE
JUL
$612
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$958 M E 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 2016
telesproperties.com
Westwood - Century City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,997,500
$2,100,000
$1,931,234
$1,616,000
-19.1%
Average Price per Square Foot ...........................
$827
$767
$835
$903
9.2%
Properties Sold .......................................................
8
15
16
20
150.0%
Properties Pending Sale .......................................
15
12
13
22
46.7%
Properties For Sale ................................................
46
73
54
78
69.6%
Days on Market (Pending Sale) ...........................
32
41
48
30
-6.2%
Month’s Supply of Inventory ................................
5.8
4.9
3.4
3.9
-32.2%
Percent Under Contract ........................................
32.6%
16.4%
24.1%
28.2%
-13.5%
Average Median Price for Last 12 Months ........
$1,774,271
$1,701,581
$1,641,667
$1,727,258
-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 $1.997
MAR APR
$1,616,000
MAY JUN
MEDIAN SALES PRICE
JUL
$903
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.616 M E 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 2016
telesproperties.com
South Bay Macro Market DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,235,517
$1,109,943
$1,244,989
$1,374,158
11.2%
Average Price per Square Foot ...........................
$608
$601
$579
$622
2.2%
Properties Sold .......................................................
211
251
255
250
18.5%
Properties Pending Sale .......................................
281
256
149
280
-0.4%
Properties For Sale ................................................
798
999
677
906
13.5%
Days on Market (Pending Sale) ...........................
39
49
54
37
-5.8%
Month’s Supply of Inventory ................................
3.8
4
2.7
3.6
-4.2%
Percent Under Contract ........................................
35.2%
25.6%
22.0%
30.9%
-12.2%
Average Median Price for Last 12 Months ........
$1,175,537
$1,256,520
$1,241,234
$1,272,841
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.235
APR
$1,374,158
MAY JUN
MEDIAN SALES PRICE
JUL
$622
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.374 M E 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 2016
telesproperties.com
El Segundo DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$909,250
$1,050,000
$1,096,000
$1,249,338
37.4%
Average Price per Square Foot ...........................
$542
$582
$533
$641
18.3%
Properties Sold .......................................................
6
6
7
6
0.0%
Properties Pending Sale .......................................
5
6
4
8
60.0%
Properties For Sale ................................................
14
21
20
26
85.7%
Days on Market (Pending Sale) ...........................
17
52
14
23
35.3%
Month’s Supply of Inventory ................................
2.3
3.5
2.9
4.3
85.7%
Percent Under Contract ........................................
35.7%
28.6%
20.0%
30.8%
-13.8%
Average Median Price for Last 12 Months ........
$969,826
$1,221,917
$1,294,333
$1,101,346
13.6%
*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
$909
APR
$1,249,338
MAY JUN
MEDIAN SALES PRICE
JUL
$641
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.249 M E 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 2016
telesproperties.com
Hermosa Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,972,500
$1,787,000
$2,150,000
$1,368,125
-30.6%
Average Price per Square Foot ...........................
$1,310
$1,419
$956
$1,134
-13.4%
Properties Sold .......................................................
12
7
11
10
-16.7%
Properties Pending Sale .......................................
11
11
7
13
18.2%
Properties For Sale ................................................
28
41
26
46
64.3%
Days on Market (Pending Sale) ...........................
37
50
74
28
-24.3%
Month’s Supply of Inventory ................................
2.3
5.9
2.4
4.6
97.1%
Percent Under Contract ........................................
39.3%
26.8%
26.9%
28.3%
-28.1%
Average Median Price for Last 12 Months ........
$1,565,371
$1,909,313
$1,641,958
$1,872,452
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.972
MAR APR
$1,368,125
MAY JUN
MEDIAN SALES PRICE
JUL
$1,134
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.368 M E 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 2016
telesproperties.com
Manhattan Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,205,000
$2,075,000
$2,150,000
$2,572,500
16.7%
Average Price per Square Foot ...........................
$994
$1,031
$996
$1,053
5.9%
Properties Sold .......................................................
24
32
23
30
25.0%
Properties Pending Sale .......................................
28
31
13
39
39.3%
Properties For Sale ................................................
87
108
76
138
58.6%
Days on Market (Pending Sale) ...........................
23
34
78
33
43.5%
Month’s Supply of Inventory ................................
3.6
3.4
3.3
4.6
26.9%
Percent Under Contract ........................................
32.2%
28.7%
17.1%
28.3%
-12.2%
Average Median Price for Last 12 Months ........
$1,957,729
$2,138,417
$2,064,167
$2,174,462
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.205
APR
$2,572,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,053
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.572 M E 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 2016
telesproperties.com
Palos Verdes Estates DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,797,500
$1,661,700
$1,617,500
$1,600,000
-11.0%
Average Price per Square Foot ...........................
$627
$674
$694
$689
9.9%
Properties Sold .......................................................
14
17
14
15
7.1%
Properties Pending Sale .......................................
18
12
5
13
-27.8%
Properties For Sale ................................................
65
78
63
87
33.8%
Days on Market (Pending Sale) ...........................
45
47
55
27
-40.0%
Month’s Supply of Inventory ................................
4.6
4.6
4.5
5.8
24.9%
Percent Under Contract ........................................
27.7%
15.4%
7.9%
14.9%
-46.0%
Average Median Price for Last 12 Months ........
$1,690,938
$1,636,833
$1,612,833
$1,757,208
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.797
APR
$1,600,000
MAY JUN
MEDIAN SALES PRICE
JUL
$689
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Rancho Palos Verdes DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,085,000
$1,194,000
$1,189,585
$1,315,000
21.2%
Average Price per Square Foot ...........................
$512
$501
$540
$554
8.2%
Properties Sold .......................................................
33
35
35
37
12.1%
Properties Pending Sale .......................................
46
32
25
40
-13.0%
Properties For Sale ................................................
140
181
119
141
0.7%
Days on Market (Pending Sale) ...........................
48
53
55
43
-10.4%
Month’s Supply of Inventory ................................
4.2
5.2
3.4
3.8
-10.2%
Percent Under Contract ........................................
32.9%
17.7%
21.0%
28.4%
-13.7%
Average Median Price for Last 12 Months ........
$1,159,783
$1,230,931
$1,293,167
$1,202,468
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
$1.085
APR
$1,315,000
MAY JUN
MEDIAN SALES PRICE
JUL
$554
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.315 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Redondo Beach- North DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$925,000
$930,000
$872,500
$863,250
-6.7%
Average Price per Square Foot ...........................
$505
$570
$528
$540
6.9%
Properties Sold .......................................................
14
22
22
18
28.6%
Properties Pending Sale .......................................
18
15
8
28
55.6%
Properties For Sale ................................................
36
48
21
47
30.6%
Days on Market (Pending Sale) ...........................
40
38
48
51
27.5%
Month’s Supply of Inventory ................................
2.6
2.2
1
2.6
1.5%
Percent Under Contract ........................................
50.0%
31.2%
38.1%
59.6%
19.1%
Average Median Price for Last 12 Months ........
$818,150
$841,042
$823,583
$868,333
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
$925
APR
$863,250
MAY JUN
MEDIAN SALES PRICE
JUL
$540
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$863 M E 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 2016
telesproperties.com
Redondo Beach- South DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,075,000
$1,278,000
$1,343,250
$1,825,000
69.8%
Average Price per Square Foot ...........................
$652
$640
$612
$632
-3.1%
Properties Sold .......................................................
16
14
8
13
-18.8%
Properties Pending Sale .......................................
14
24
9
16
14.3%
Properties For Sale ................................................
42
65
34
45
7.1%
Days on Market (Pending Sale) ...........................
23
34
79
33
43.5%
Month’s Supply of Inventory ................................
2.6
4.6
4.2
3.5
31.9%
Percent Under Contract ........................................
33.3%
36.9%
26.5%
35.6%
6.7%
Average Median Price for Last 12 Months ........
$1,091,292
$1,308,375
$1,365,833
$1,247,404
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.075
APR
$1,825,000
MAY JUN
MEDIAN SALES PRICE
JUL
$632
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Rolling Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$3,400,000
$0
$2,890,000
$4,347,150
27.9%
Average Price per Square Foot ...........................
$945
$0
$843
$983
4.0%
Properties Sold .......................................................
3
0
1
2
-33.3%
Properties Pending Sale .......................................
3
4
1
3
0.0%
Properties For Sale ................................................
20
28
22
25
25.0%
Days on Market (Pending Sale) ...........................
119
86
94
52
-56.3%
Month’s Supply of Inventory ................................
6.7
n/a
22
12.5
87.5%
Percent Under Contract ........................................
15.0%
14.3%
4.5%
12.0%
-20.0%
Average Median Price for Last 12 Months ........
$3,271,316
$3,302,330
$3,548,575
$3,408,786
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$3.400
APR
$4,347,150
MAY JUN
MEDIAN SALES PRICE
JUL
$983
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
12.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.347 M E 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 2016
telesproperties.com
Rolling Hills Estates DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,350,000
$1,725,000
$1,425,000
$1,425,000
5.6%
Average Price per Square Foot ...........................
$548
$551
$624
$616
12.4%
Properties Sold .......................................................
3
8
8
4
33.3%
Properties Pending Sale .......................................
6
6
2
12
100.0%
Properties For Sale ................................................
18
26
13
29
61.1%
Days on Market (Pending Sale) ...........................
31
66
26
29
-6.5%
Month’s Supply of Inventory ................................
6
3.2
1.6
7.2
20.8%
Percent Under Contract ........................................
33.3%
23.1%
15.4%
41.4%
24.1%
Average Median Price for Last 12 Months ........
$1,430,044
$1,671,083
$1,822,167
$1,570,962
9.9%
*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
$1.350
APR
$1,425,000
MAY JUN
MEDIAN SALES PRICE
JUL
$616
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.425 M E 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 2016
telesproperties.com
San Pedro DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$533,500
$515,000
$570,000
$610,000
14.3%
Average Price per Square Foot ...........................
$389
$389
$389
$359
-7.7%
Properties Sold .......................................................
28
35
40
44
57.1%
Properties Pending Sale .......................................
39
32
19
29
-25.6%
Properties For Sale ................................................
137
142
101
113
-17.5%
Days on Market (Pending Sale) ...........................
47
55
77
60
27.7%
Month’s Supply of Inventory ................................
4.9
4.1
2.5
2.6
-47.5%
Percent Under Contract ........................................
28.5%
22.5%
18.8%
25.7%
-9.8%
Average Median Price for Last 12 Months ........
$535,813
$590,136
$577,271
$562,563
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
$533
APR
$610,000
MAY JUN
MEDIAN SALES PRICE
JUL
$359
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 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 2016
telesproperties.com
Torrance- County Strip DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$475,500
$489,000
$525,000
$475,000
-0.1%
Average Price per Square Foot ...........................
$364
$343
$287
$321
-11.8%
Properties Sold .......................................................
2
7
6
5
150.0%
Properties Pending Sale .......................................
8
7
6
8
0.0%
Properties For Sale ................................................
23
19
8
25
8.7%
Days on Market (Pending Sale) ...........................
38
39
22
39
2.6%
Month’s Supply of Inventory ................................
11.5
2.7
1.3
5
-56.5%
Percent Under Contract ........................................
34.8%
36.8%
75.0%
32.0%
-8.0%
Average Median Price for Last 12 Months ........
$446,688
$482,875
$481,667
$478,865
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
$475
APR
$475,000
MAY JUN
MEDIAN SALES PRICE
JUL
$321
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
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 2016
telesproperties.com
Torrance- North DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$590,000
$625,000
$597,500
$625,000
5.9%
Average Price per Square Foot ...........................
$422
$403
$406
$429
1.7%
Properties Sold .......................................................
18
21
23
17
-5.6%
Properties Pending Sale .......................................
18
21
17
20
11.1%
Properties For Sale ................................................
45
68
59
44
-2.2%
Days on Market (Pending Sale) ...........................
36
44
57
56
55.6%
Month’s Supply of Inventory ................................
2.5
3.2
2.6
2.6
3.5%
Percent Under Contract ........................................
40.0%
30.9%
28.8%
45.5%
13.6%
Average Median Price for Last 12 Months ........
$559,950
$603,329
$608,333
$603,075
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
$590
APR
$625,000
MAY JUN
MEDIAN SALES PRICE
JUL
$429
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Torrance- South DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$777,500
$922,000
$825,000
$889,000
14.3%
Average Price per Square Foot ...........................
$530
$455
$450
$476
-10.2%
Properties Sold .......................................................
12
22
18
17
41.7%
Properties Pending Sale .......................................
21
20
13
21
0.0%
Properties For Sale ................................................
45
78
46
48
6.7%
Days on Market (Pending Sale) ...........................
31
40
51
39
25.8%
Month’s Supply of Inventory ................................
3.8
3.5
2.6
2.8
-24.7%
Percent Under Contract ........................................
46.7%
25.6%
28.3%
43.8%
-6.2%
Average Median Price for Last 12 Months ........
$802,375
$841,419
$836,337
$851,704
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
$777
APR
$889,000
MAY JUN
MEDIAN SALES PRICE
JUL
$476
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$889 M E 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 2016
telesproperties.com
Torrance- Southeast DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$610,000
$502,500
$593,500
$620,000
1.6%
Average Price per Square Foot ...........................
$417
$366
$396
$440
5.5%
Properties Sold .......................................................
15
12
20
17
13.3%
Properties Pending Sale .......................................
22
18
9
11
-50.0%
Properties For Sale ................................................
54
56
40
51
-5.6%
Days on Market (Pending Sale) ...........................
34
56
57
15
-55.9%
Month’s Supply of Inventory ................................
3.6
4.7
2
3
-16.7%
Percent Under Contract ........................................
40.7%
32.1%
22.5%
21.6%
-47.1%
Average Median Price for Last 12 Months ........
$591,944
$620,625
$633,333
$600,577
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$610
APR
$620,000
MAY JUN
MEDIAN SALES PRICE
JUL
$440
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Torrance- West DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$827,000
$785,000
$830,000
$828,000
0.1%
Average Price per Square Foot ...........................
$368
$494
$437
$459
24.7%
Properties Sold .......................................................
11
13
19
15
36.4%
Properties Pending Sale .......................................
24
17
11
19
-20.8%
Properties For Sale ................................................
44
40
29
41
-6.8%
Days on Market (Pending Sale) ...........................
20
37
16
27
35.0%
Month’s Supply of Inventory ................................
4
3.1
1.5
2.7
-31.7%
Percent Under Contract ........................................
54.5%
42.5%
37.9%
46.3%
-15.0%
Average Median Price for Last 12 Months ........
$741,833
$802,833
$804,333
$792,415
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$827
APR
$828,000
MAY JUN
MEDIAN SALES PRICE
JUL
$459
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$828 M E 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 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$770,643
$800,500
$778,357
$952,500
23.6%
Average Price per Square Foot ...........................
$415
$410
$432
$423
1.8%
Properties Sold .......................................................
34
31
29
29
-15.2%
Properties Pending Sale .......................................
38
35
28
38
0.4%
Properties For Sale ................................................
65
81
54
65
-0.1%
Days on Market (Pending Sale) ...........................
72
60
60
58
-19.9%
Month’s Supply of Inventory ................................
1.9
2.6
1.9
2.2
17.8%
Percent Under Contract ........................................
58.7%
43.1%
51.9%
59.0%
0.5%
Average Median Price for Last 12 Months ........
$770,500
$843,655
$890,524
$830,599
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
$770
APR
$952,500
MAY JUN
MEDIAN SALES PRICE
JUL
$423
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$952 M E 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 2016
telesproperties.com
Burbank DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$700,000
$676,000
$725,000
$701,000
0.1%
Average Price per Square Foot ...........................
$437
$448
$479
$477
9.2%
Properties Sold .......................................................
57
44
35
50
-12.3%
Properties Pending Sale .......................................
54
60
38
50
-7.4%
Properties For Sale ................................................
77
97
69
84
9.1%
Days on Market (Pending Sale) ...........................
65
51
53
50
-23.1%
Month’s Supply of Inventory ................................
1.4
2.2
2
1.7
24.4%
Percent Under Contract ........................................
70.1%
61.9%
55.1%
59.5%
-15.1%
Average Median Price for Last 12 Months ........
$655,750
$724,000
$713,000
$706,308
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
$700
APR
$701,000
MAY JUN
MEDIAN SALES PRICE
JUL
$477
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$701 M E 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 2016
telesproperties.com
Encino DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,058,000
$1,250,000
$1,020,000
$1,310,000
23.8%
Average Price per Square Foot ...........................
$445
$451
$471
$484
8.8%
Properties Sold .......................................................
36
35
36
37
2.8%
Properties Pending Sale .......................................
53
41
44
44
-17.0%
Properties For Sale ................................................
118
121
79
120
1.7%
Days on Market (Pending Sale) ...........................
65
60
54
62
-4.6%
Month’s Supply of Inventory ................................
3.3
3.5
2.2
3.2
-1.1%
Percent Under Contract ........................................
44.9%
33.9%
55.7%
36.7%
-18.4%
Average Median Price for Last 12 Months ........
$1,055,333
$1,098,500
$1,126,333
$1,153,904
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
$1.058
APR
$1,310,000
MAY JUN
MEDIAN SALES PRICE
JUL
$484
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.310 M E 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 2016
telesproperties.com
Glendale DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$749,000
$850,000
$770,000
$820,000
9.5%
Average Price per Square Foot ...........................
$426
$438
$443
$455
6.8%
Properties Sold .......................................................
55
53
52
56
1.8%
Properties Pending Sale .......................................
69
61
42
63
-8.7%
Properties For Sale ................................................
99
117
77
98
-1.0%
Days on Market (Pending Sale) ...........................
54
39
58
52
-3.7%
Month’s Supply of Inventory ................................
1.8
2.2
1.5
1.8
-2.8%
Percent Under Contract ........................................
69.7%
52.1%
54.5%
64.3%
-7.8%
Average Median Price for Last 12 Months ........
$739,333
$797,333
$796,667
$802,538
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$749
APR
$820,000
MAY JUN
MEDIAN SALES PRICE
JUL
$455
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
La Crescenta DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$660,000
$842,000
$715,000
$823,000
24.7%
Average Price per Square Foot ...........................
$498
$440
$454
$458
-8.0%
Properties Sold .......................................................
13
16
16
14
7.7%
Properties Pending Sale .......................................
14
20
15
13
-7.1%
Properties For Sale ................................................
27
31
19
26
-3.7%
Days on Market (Pending Sale) ...........................
48
52
43
36
-25.0%
Month’s Supply of Inventory ................................
2.1
1.9
1.2
1.9
-10.6%
Percent Under Contract ........................................
51.9%
64.5%
78.9%
50.0%
-3.6%
Average Median Price for Last 12 Months ........
$714,750
$760,333
$767,667
$761,308
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$660
APR
$823,000
MAY JUN
MEDIAN SALES PRICE
JUL
$458
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$823 M E 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 2016
telesproperties.com
North Hollywood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$441,000
$519,000
$500,000
$527,000
19.5%
Average Price per Square Foot ...........................
$316
$366
$371
$362
14.6%
Properties Sold .......................................................
42
30
29
37
-11.9%
Properties Pending Sale .......................................
55
38
46
47
-14.5%
Properties For Sale ................................................
73
82
54
47
-35.6%
Days on Market (Pending Sale) ...........................
58
35
65
55
-5.2%
Month’s Supply of Inventory ................................
1.7
2.7
1.9
1.3
-26.9%
Percent Under Contract ........................................
75.3%
46.3%
85.2%
100.0%
32.7%
Average Median Price for Last 12 Months ........
$450,917
$512,167
$515,000
$498,346
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$441
APR
$527,000
MAY JUN
MEDIAN SALES PRICE
JUL
$362
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$527 M E 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 2016
telesproperties.com
Shadow Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$860,000
$644,000
$564,000
$1,352,000
57.2%
Average Price per Square Foot ...........................
$222
$314
$335
$273
23.0%
Properties Sold .......................................................
1
6
2
4
300.0%
Properties Pending Sale .......................................
6
3
4
4
-33.3%
Properties For Sale ................................................
9
13
12
7
-22.2%
Days on Market (Pending Sale) ...........................
163
121
100
68
-58.3%
Month’s Supply of Inventory ................................
9
2.2
6
1.8
-80.6%
Percent Under Contract ........................................
66.7%
23.1%
33.3%
57.1%
-14.3%
Average Median Price for Last 12 Months ........
$702,917
$781,833
$951,333
$764,615
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
$860
APR
$1,352,000
MAY JUN
MEDIAN SALES PRICE
JUL
$273
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.352 M E 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 2016
telesproperties.com
Sherman Oaks DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$924,000
$884,000
$895,000
$1,125,000
21.8%
Average Price per Square Foot ...........................
$524
$480
$461
$523
-0.2%
Properties Sold .......................................................
48
54
55
54
12.5%
Properties Pending Sale .......................................
60
55
42
65
8.3%
Properties For Sale ................................................
112
155
104
137
22.3%
Days on Market (Pending Sale) ...........................
62
55
59
57
-8.1%
Month’s Supply of Inventory ................................
2.3
2.9
1.9
2.5
8.7%
Percent Under Contract ........................................
53.6%
35.5%
40.4%
47.4%
-11.4%
Average Median Price for Last 12 Months ........
$911,583
$998,000
$1,058,667
$987,865
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$924
APR
$1,125,000
MAY JUN
MEDIAN SALES PRICE
JUL
$523
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Studio City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,043,000
$1,460,000
$1,268,000
$1,480,000
41.9%
Average Price per Square Foot ...........................
$532
$593
$568
$514
-3.4%
Properties Sold .......................................................
28
31
30
19
-32.1%
Properties Pending Sale .......................................
34
37
24
26
-23.5%
Properties For Sale ................................................
56
106
65
72
28.6%
Days on Market (Pending Sale) ...........................
70
57
51
64
-8.6%
Month’s Supply of Inventory ................................
2
3.4
2.2
3.8
89.5%
Percent Under Contract ........................................
60.7%
34.9%
36.9%
36.1%
-40.5%
Average Median Price for Last 12 Months ........
$1,166,833
$1,356,333
$1,385,000
$1,308,269
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
$1.043
APR
$1,480,000
MAY JUN
MEDIAN SALES PRICE
JUL
$514
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.480 M E 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 2016
telesproperties.com
Sun Valley DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$370,000
$499,000
$430,000
$443,000
19.7%
Average Price per Square Foot ...........................
$307
$314
$337
$334
8.8%
Properties Sold .......................................................
24
12
20
16
-33.3%
Properties Pending Sale .......................................
20
17
20
27
35.0%
Properties For Sale ................................................
22
43
25
30
36.4%
Days on Market (Pending Sale) ...........................
49
63
51
73
49.0%
Month’s Supply of Inventory ................................
0.9
3.6
1.2
1.9
104.5%
Percent Under Contract ........................................
90.9%
39.5%
80.0%
90.0%
-1.0%
Average Median Price for Last 12 Months ........
$403,250
$453,000
$480,667
$444,308
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
$370
APR
$443,000
MAY JUN
MEDIAN SALES PRICE
JUL
$334
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$443 M E 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 2016
telesproperties.com
Sunland/Tujunga DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$461,000
$490,000
$505,000
$533,000
15.6%
Average Price per Square Foot ...........................
$331
$330
$358
$341
3.0%
Properties Sold .......................................................
36
39
40
34
-5.6%
Properties Pending Sale .......................................
43
38
28
55
27.9%
Properties For Sale ................................................
60
85
48
41
-31.7%
Days on Market (Pending Sale) ...........................
57
49
59
49
-14.0%
Month’s Supply of Inventory ................................
1.7
2.2
1.2
1.2
-27.6%
Percent Under Contract ........................................
71.7%
44.7%
58.3%
134.1%
87.2%
Average Median Price for Last 12 Months ........
$477,833
$502,667
$509,333
$498,115
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$461
APR
$533,000
MAY JUN
MEDIAN SALES PRICE
JUL
$341
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.2 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 2016
telesproperties.com
Tarzana DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$890,000
$959,000
$822,000
$992,000
11.5%
Average Price per Square Foot ...........................
$356
$360
$348
$393
10.4%
Properties Sold .......................................................
33
28
20
18
-45.5%
Properties Pending Sale .......................................
25
31
29
35
40.0%
Properties For Sale ................................................
77
91
66
72
-6.5%
Days on Market (Pending Sale) ...........................
79
83
84
71
-10.1%
Month’s Supply of Inventory ................................
2.3
3.2
3.3
4
71.4%
Percent Under Contract ........................................
32.5%
34.1%
43.9%
48.6%
49.7%
Average Median Price for Last 12 Months ........
$901,583
$886,333
$928,000
$911,692
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
$890
APR
$992,000
MAY JUN
MEDIAN SALES PRICE
JUL
$393
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Toluca Lake DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,175,000
$719,000
$953,000
$1,560,000
32.8%
Average Price per Square Foot ...........................
$663
$454
$596
$534
-19.5%
Properties Sold .......................................................
7
7
4
4
-42.9%
Properties Pending Sale .......................................
8
5
4
6
-25.0%
Properties For Sale ................................................
22
19
12
12
-45.5%
Days on Market (Pending Sale) ...........................
59
66
27
53
-10.2%
Month’s Supply of Inventory ................................
3.1
2.7
3
3
-4.5%
Percent Under Contract ........................................
36.4%
26.3%
33.3%
50.0%
37.5%
Average Median Price for Last 12 Months ........
$1,133,667
$1,309,000
$1,618,667
$1,185,269
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.175
APR
$1,560,000
MAY JUN
MEDIAN SALES PRICE
JUL
$534
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Valley Village DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$768,000
$690,000
$960,000
$850,000
10.7%
Average Price per Square Foot ...........................
$432
$402
$472
$421
-2.5%
Properties Sold .......................................................
12
9
9
10
-16.7%
Properties Pending Sale .......................................
18
13
11
16
-11.1%
Properties For Sale ................................................
17
13
13
28
64.7%
Days on Market (Pending Sale) ...........................
105
54
62
57
-45.7%
Month’s Supply of Inventory ................................
1.4
1.4
1.4
2.8
97.6%
Percent Under Contract ........................................
105.9%
100.0%
84.6%
57.1%
-46.0%
Average Median Price for Last 12 Months ........
$772,833
$851,833
$818,667
$861,538
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
$768
APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$421
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 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 2016
telesproperties.com
Woodland Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$690,000
$725,000
$770,000
$819,000
18.7%
Average Price per Square Foot ...........................
$327
$343
$351
$353
8.0%
Properties Sold .......................................................
82
75
61
49
-40.2%
Properties Pending Sale .......................................
72
69
46
82
13.9%
Properties For Sale ................................................
136
158
114
130
-4.4%
Days on Market (Pending Sale) ...........................
75
57
72
61
-18.7%
Month’s Supply of Inventory ................................
1.7
2.1
1.9
2.7
60.0%
Percent Under Contract ........................................
52.9%
43.7%
40.4%
63.1%
19.1%
Average Median Price for Last 12 Months ........
$700,417
$779,833
$798,333
$744,308
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
$690
APR
$819,000
MAY JUN
MEDIAN SALES PRICE
JUL
$353
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 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 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,008,333
$1,016,667
$996,750
$965,250
-4.3%
Average Price per Square Foot ...........................
$504
$506
$508
$520
3.2%
Properties Sold .......................................................
24
26
26
23
-4.8%
Properties Pending Sale .......................................
29
26
20
32
10.9%
Properties For Sale ................................................
66
79
50
61
-8.6%
Days on Market (Pending Sale) ...........................
45
51
59
55
23.4%
Month’s Supply of Inventory ................................
2.7
3
1.9
2.6
-3.9%
Percent Under Contract ........................................
44.0%
33.0%
40.2%
53.4%
21.2%
Average Median Price for Last 12 Months ........
$937,444
$996,653
$976,639
$1,000,137
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.008
APR
$965,250
MAY JUN
MEDIAN SALES PRICE
JUL
$520
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Alhambra DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$533,000
$616,000
$570,000
$620,000
16.3%
Average Price per Square Foot ...........................
$362
$414
$410
$358
-1.1%
Properties Sold .......................................................
35
27
17
11
-68.6%
Properties Pending Sale .......................................
39
26
11
26
-33.3%
Properties For Sale ................................................
72
51
43
38
-47.2%
Days on Market (Pending Sale) ...........................
42
41
45
58
38.1%
Month’s Supply of Inventory ................................
2.1
1.9
2.5
3.5
67.9%
Percent Under Contract ........................................
54.2%
51.0%
25.6%
68.4%
26.3%
Average Median Price for Last 12 Months ........
$527,917
$589,167
$605,000
$567,615
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
$533
APR
$620,000
MAY JUN
MEDIAN SALES PRICE
JUL
$358
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Altadena DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$605,000
$638,000
$700,000
$738,000
22.0%
Average Price per Square Foot ...........................
$411
$431
$443
$418
1.7%
Properties Sold .......................................................
42
40
43
26
-38.1%
Properties Pending Sale .......................................
26
42
34
39
50.0%
Properties For Sale ................................................
54
52
38
56
3.7%
Days on Market (Pending Sale) ...........................
50
53
57
62
24.0%
Month’s Supply of Inventory ................................
1.3
1.3
0.9
2.2
67.5%
Percent Under Contract ........................................
48.1%
80.8%
89.5%
69.6%
44.6%
Average Median Price for Last 12 Months ........
$624,917
$719,833
$727,667
$694,462
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$605
APR
$738,000
MAY JUN
MEDIAN SALES PRICE
JUL
$418
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$738 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Arcadia DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,295,000
$1,405,000
$1,350,000
$1,007,000
-22.2%
Average Price per Square Foot ...........................
$549
$561
$570
$552
0.5%
Properties Sold .......................................................
30
34
44
40
33.3%
Properties Pending Sale .......................................
48
45
35
58
20.8%
Properties For Sale ................................................
199
257
161
186
-6.5%
Days on Market (Pending Sale) ...........................
75
52
69
74
-1.3%
Month’s Supply of Inventory ................................
6.6
7.6
3.7
4.6
-29.9%
Percent Under Contract ........................................
24.1%
17.5%
21.7%
31.2%
29.3%
Average Median Price for Last 12 Months ........
$1,344,000
$1,274,500
$1,195,667
$1,276,885
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.295
MAR APR
$1,007,000
MAY JUN
MEDIAN SALES PRICE
JUL
$552
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Duarte DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$508,000
$463,000
$510,000
$445,000
-12.4%
Average Price per Square Foot ...........................
$335
$337
$348
$388
15.8%
Properties Sold .......................................................
13
16
11
15
15.4%
Properties Pending Sale .......................................
15
15
9
20
33.3%
Properties For Sale ................................................
23
35
36
27
17.4%
Days on Market (Pending Sale) ...........................
67
55
61
52
-22.4%
Month’s Supply of Inventory ................................
1.8
2.2
3.3
1.8
1.7%
Percent Under Contract ........................................
65.2%
42.9%
25.0%
74.1%
13.6%
Average Median Price for Last 12 Months ........
$430,417
$456,667
$439,000
$457,615
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
$508
APR
$445,000
MAY JUN
MEDIAN SALES PRICE
JUL
$388
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$445 M E 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 2016
telesproperties.com
Eagle Rock DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$638,000
$710,000
$716,000
$771,000
20.8%
Average Price per Square Foot ...........................
$476
$453
$519
$464
-2.5%
Properties Sold .......................................................
14
18
19
26
85.7%
Properties Pending Sale .......................................
19
16
9
34
78.9%
Properties For Sale ................................................
24
34
24
28
16.7%
Days on Market (Pending Sale) ...........................
23
44
59
42
82.6%
Month’s Supply of Inventory ................................
1.7
1.9
1.3
1.1
-37.2%
Percent Under Contract ........................................
79.2%
47.1%
37.5%
121.4%
53.4%
Average Median Price for Last 12 Months ........
$684,750
$716,833
$736,333
$711,154
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$638
APR
$771,000
MAY JUN
MEDIAN SALES PRICE
JUL
$464
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$771 M E 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 2016
telesproperties.com
La Canada Flintridge DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,100,000
$1,450,000
$1,571,000
$1,748,000
-16.8%
Average Price per Square Foot ...........................
$731
$646
$612
$684
-6.4%
Properties Sold .......................................................
10
17
20
24
140.0%
Properties Pending Sale .......................................
20
23
18
28
40.0%
Properties For Sale ................................................
52
61
34
53
1.9%
Days on Market (Pending Sale) ...........................
38
39
54
56
47.4%
Month’s Supply of Inventory ................................
5.2
3.6
1.7
2.2
-57.5%
Percent Under Contract ........................................
38.5%
37.7%
52.9%
52.8%
37.4%
Average Median Price for Last 12 Months ........
$1,434,333
$1,618,667
$1,586,667
$1,640,232
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
$2.100
APR
$1,748,000
MAY JUN
MEDIAN SALES PRICE
JUL
$684
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.748 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 2016
telesproperties.com
Monrovia DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$583,000
$698,000
$610,000
$617,000
5.8%
Average Price per Square Foot ...........................
$427
$396
$402
$421
-1.4%
Properties Sold .......................................................
16
22
23
17
6.2%
Properties Pending Sale .......................................
30
23
21
35
16.7%
Properties For Sale ................................................
64
58
46
43
-32.8%
Days on Market (Pending Sale) ...........................
44
69
68
49
11.4%
Month’s Supply of Inventory ................................
4
2.6
2
2.5
-36.8%
Percent Under Contract ........................................
46.9%
39.7%
45.7%
81.4%
73.6%
Average Median Price for Last 12 Months ........
$598,167
$638,333
$615,667
$630,923
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
$583
APR
$617,000
MAY JUN
MEDIAN SALES PRICE
JUL
$421
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Pasadena DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$788,000
$785,000
$810,000
$824,000
4.6%
Average Price per Square Foot ...........................
$482
$490
$514
$550
14.1%
Properties Sold .......................................................
86
91
80
79
-8.1%
Properties Pending Sale .......................................
103
73
65
86
-16.5%
Properties For Sale ................................................
175
232
123
170
-2.9%
Days on Market (Pending Sale) ...........................
67
50
65
52
-22.4%
Month’s Supply of Inventory ................................
2
2.5
1.5
2.2
5.8%
Percent Under Contract ........................................
58.9%
31.5%
52.8%
50.6%
-14.0%
Average Median Price for Last 12 Months ........
$758,167
$806,333
$820,333
$801,462
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
$788
APR
$824,000
MAY JUN
MEDIAN SALES PRICE
JUL
$550
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$824 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
San Gabriel DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$655,000
$750,000
$757,000
$879,000
34.2%
Average Price per Square Foot ...........................
$432
$447
$433
$430
-0.5%
Properties Sold .......................................................
22
23
20
12
-45.5%
Properties Pending Sale .......................................
23
26
20
27
17.4%
Properties For Sale ................................................
60
75
47
60
0.0%
Days on Market (Pending Sale) ...........................
35
45
63
45
28.6%
Month’s Supply of Inventory ................................
2.7
3.3
2.4
5
83.3%
Percent Under Contract ........................................
38.3%
34.7%
42.6%
45.0%
17.4%
Average Median Price for Last 12 Months ........
$694,750
$758,167
$801,667
$734,423
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
$655
APR
$879,000
MAY JUN
MEDIAN SALES PRICE
JUL
$430
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$879 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
San Marino DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,275,000
$2,209,000
$2,139,000
$1,979,000
-13.0%
Average Price per Square Foot ...........................
$871
$760
$833
$822
-5.6%
Properties Sold .......................................................
9
6
11
12
33.3%
Properties Pending Sale .......................................
10
9
6
14
40.0%
Properties For Sale ................................................
27
42
33
31
14.8%
Days on Market (Pending Sale) ...........................
29
74
46
91
213.8%
Month’s Supply of Inventory ................................
3
7
3
2.6
-13.9%
Percent Under Contract ........................................
37.0%
21.4%
18.2%
45.2%
21.9%
Average Median Price for Last 12 Months ........
$2,142,000
$2,207,167
$2,059,667
$2,272,615
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
$2.275
APR
$1,979,000
MAY JUN
MEDIAN SALES PRICE
JUL
$822
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.979 M E 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 2016
telesproperties.com
Sierra Madre DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,230,000
$1,045,000
$1,020,000
$885,000
-28.0%
Average Price per Square Foot ...........................
$402
$492
$464
$544
35.3%
Properties Sold .......................................................
4
8
15
8
100.0%
Properties Pending Sale .......................................
9
7
7
13
44.4%
Properties For Sale ................................................
27
27
8
21
-22.2%
Days on Market (Pending Sale) ...........................
18
55
66
39
116.7%
Month’s Supply of Inventory ................................
6.8
3.4
0.5
2.6
-61.1%
Percent Under Contract ........................................
33.3%
25.9%
87.5%
61.9%
85.7%
Average Median Price for Last 12 Months ........
$875,833
$1,029,000
$1,125,333
$1,021,692
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.230
MAR APR
$885,000
MAY JUN
MEDIAN SALES PRICE
JUL
$544
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
South Pasadena DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$880,000
$1,340,000
$1,258,000
$1,070,000
21.6%
Average Price per Square Foot ...........................
$583
$642
$551
$604
3.6%
Properties Sold .......................................................
11
15
13
7
-36.4%
Properties Pending Sale .......................................
10
7
7
8
-20.0%
Properties For Sale ................................................
19
22
11
14
-26.3%
Days on Market (Pending Sale) ...........................
44
36
62
40
-9.1%
Month’s Supply of Inventory ................................
1.7
1.5
0.8
2
15.8%
Percent Under Contract ........................................
52.6%
31.8%
63.6%
57.1%
8.6%
Average Median Price for Last 12 Months ........
$1,134,083
$1,149,833
$1,006,667
$1,183,599
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
$880
APR
$1,070,000
MAY JUN
MEDIAN SALES PRICE
JUL
$604
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.070 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : March 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : March 2016
telesproperties.com
Orange County DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$680,000
$700,000
$700,000
$715,000
5.1%
Average Price per Square Foot ...........................
$403
$432
$424
$437
8.4%
Properties Sold .......................................................
1599
1651
1508
1569
-1.9%
Properties Pending Sale .......................................
2086
1638
1158
1928
-7.6%
Properties For Sale ................................................
6,600
7,214
4,940
6,331
-4.1%
Days on Market (Pending Sale) ...........................
52
58
64
50
-3.8%
Month’s Supply of Inventory ................................
4.1
4.4
3.3
4
-2.2%
Percent Under Contract ........................................
31.6%
22.7%
23.4%
30.5%
-3.6%
Average Median Price for Last 12 Months ........
$671,679
$701,083
$703,833
$701,269
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
$680
APR
$715,000
MAY JUN
MEDIAN SALES PRICE
JUL
$437
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$715 M E 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 2016
telesproperties.com
Aliso Viejo DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$720,000
$708,500
$800,000
$736,250
2.3%
Average Price per Square Foot ...........................
$366
$354
$364
$369
0.8%
Properties Sold .......................................................
15
16
13
18
20.0%
Properties Pending Sale .......................................
26
18
16
19
-26.9%
Properties For Sale ................................................
60
82
49
64
6.7%
Days on Market (Pending Sale) ...........................
37
40
50
34
-8.1%
Month’s Supply of Inventory ................................
4
5.1
3.8
3.6
-11.1%
Percent Under Contract ........................................
43.3%
22.0%
32.7%
29.7%
-31.5%
Average Median Price for Last 12 Months ........
$718,083
$742,292
$753,417
$746,135
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$720
APR
$736,250
MAY JUN
MEDIAN SALES PRICE
JUL
$369
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 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 2016
telesproperties.com
Balboa Peninsula DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,800,000
$3,675,000
$3,500,000
$1,942,500
-30.6%
Average Price per Square Foot ...........................
$1,256
$1,707
$1,334
$1,005
-20.0%
Properties Sold .......................................................
5
4
7
2
-60.0%
Properties Pending Sale .......................................
2
2
2
2
0.0%
Properties For Sale ................................................
29
36
27
47
62.1%
Days on Market (Pending Sale) ...........................
221
119
40
27
-87.8%
Month’s Supply of Inventory ................................
5.8
9
3.9
23.5
305.2%
Percent Under Contract ........................................
6.9%
5.6%
7.4%
4.3%
-38.3%
Average Median Price for Last 12 Months ........
$3,094,792
$2,325,417
$2,514,167
$2,804,192
-9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.800
MAR APR
$1,942,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,005
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
23.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.942 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,316,000
$2,225,000
$2,205,500
$2,862,500
23.6%
Average Price per Square Foot ...........................
$1,043
$1,212
$953
$1,352
29.6%
Properties Sold .......................................................
5
13
12
11
120.0%
Properties Pending Sale .......................................
8
21
7
11
37.5%
Properties For Sale ................................................
88
112
81
81
-8.0%
Days on Market (Pending Sale) ...........................
52
73
109
65
25.0%
Month’s Supply of Inventory ................................
17.6
8.6
6.8
7.4
-58.2%
Percent Under Contract ........................................
9.1%
18.8%
8.6%
13.6%
49.4%
Average Median Price for Last 12 Months ........
$2,134,858
$2,858,833
$3,019,167
$2,637,692
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.316
APR
$2,862,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,352
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Coto de Caza DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,255,000
$1,018,750
$1,092,000
$1,168,800
-6.9%
Average Price per Square Foot ...........................
$334
$376
$329
$360
7.8%
Properties Sold .......................................................
20
14
15
17
-15.0%
Properties Pending Sale .......................................
36
16
10
25
-30.6%
Properties For Sale ................................................
120
128
95
139
15.8%
Days on Market (Pending Sale) ...........................
110
84
122
74
-32.7%
Month’s Supply of Inventory ................................
6
9.1
6.3
8.2
36.3%
Percent Under Contract ........................................
30.0%
12.5%
10.5%
18.0%
-40.0%
Average Median Price for Last 12 Months ........
$1,202,000
$1,249,508
$1,242,933
$1,167,474
-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
$1.255
APR
$1,168,800
MAY JUN
MEDIAN SALES PRICE
JUL
$360
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.168 M E 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 2016
telesproperties.com
Crystal Cove DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,750,000
$10,897,500
$12,500,000
$4,888,888
77.8%
Average Price per Square Foot ...........................
$772
$1,166
$1,152
$1,208
56.5%
Properties Sold .......................................................
13
10
1
1
-92.3%
Properties Pending Sale .......................................
15
7
2
0
-100.0%
Properties For Sale ................................................
21
23
15
18
-14.3%
Days on Market (Pending Sale) ...........................
78
47
152
0
-100.0%
Month’s Supply of Inventory ................................
1.6
2.3
15
18
1014.3%
Percent Under Contract ........................................
71.4%
30.4%
13.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,941,500
$8,082,778
$7,971,296
$6,888,653
39.4%
*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
$2.750
APR
$4,888,888
MAY JUN
MEDIAN SALES PRICE
JUL
$1,208
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
18 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.888 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 2016
telesproperties.com
Dana Point DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,092,450
$1,074,000
$924,400
$890,000
-18.5%
Average Price per Square Foot ...........................
$559
$586
$618
$851
52.2%
Properties Sold .......................................................
28
32
21
19
-32.1%
Properties Pending Sale .......................................
38
32
12
33
-13.2%
Properties For Sale ................................................
171
178
124
163
-4.7%
Days on Market (Pending Sale) ...........................
75
82
95
70
-6.7%
Month’s Supply of Inventory ................................
6.1
5.6
5.9
8.6
40.5%
Percent Under Contract ........................................
22.2%
18.0%
9.7%
20.2%
-8.9%
Average Median Price for Last 12 Months ........
$956,607
$1,044,275
$1,135,417
$1,049,385
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.092
APR
$890,000
MAY JUN
MEDIAN SALES PRICE
JUL
$851
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.6 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 2016
telesproperties.com
East Bluff - Harbor View DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,650,000
$1,725,000
$2,488,750
$1,895,000
14.8%
Average Price per Square Foot ...........................
$572
$631
$713
$740
29.4%
Properties Sold .......................................................
11
19
13
19
72.7%
Properties Pending Sale .......................................
24
16
12
28
16.7%
Properties For Sale ................................................
91
101
75
107
17.6%
Days on Market (Pending Sale) ...........................
81
57
85
54
-33.3%
Month’s Supply of Inventory ................................
8.3
5.3
5.8
5.6
-31.9%
Percent Under Contract ........................................
26.4%
15.8%
16.0%
26.2%
-0.8%
Average Median Price for Last 12 Months ........
$1,826,042
$1,837,300
$1,897,500
$1,814,595
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.650
APR
$1,895,000
MAY JUN
MEDIAN SALES PRICE
JUL
$740
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
East Costa Mesa DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$887,000
$887,500
$1,152,500
$875,000
-1.4%
Average Price per Square Foot ...........................
$464
$577
$576
$651
40.3%
Properties Sold .......................................................
17
16
16
19
11.8%
Properties Pending Sale .......................................
26
15
9
12
-53.8%
Properties For Sale ................................................
61
52
37
52
-14.8%
Days on Market (Pending Sale) ...........................
56
52
94
37
-33.9%
Month’s Supply of Inventory ................................
3.6
3.2
2.3
2.7
-23.7%
Percent Under Contract ........................................
42.6%
28.8%
24.3%
23.1%
-45.9%
Average Median Price for Last 12 Months ........
$858,266
$1,432,133
$1,821,015
$1,143,080
33.2%
*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
$887
APR
$875,000
MAY JUN
MEDIAN SALES PRICE
JUL
$651
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Fountain Valley DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$682,500
$729,000
$692,000
$745,000
9.2%
Average Price per Square Foot ...........................
$360
$369
$358
$364
1.1%
Properties Sold .......................................................
26
35
21
27
3.8%
Properties Pending Sale .......................................
31
28
18
30
-3.2%
Properties For Sale ................................................
76
83
56
69
-9.2%
Days on Market (Pending Sale) ...........................
31
66
40
23
-25.8%
Month’s Supply of Inventory ................................
2.9
2.4
2.7
2.6
-12.6%
Percent Under Contract ........................................
40.8%
33.7%
32.1%
43.5%
6.6%
Average Median Price for Last 12 Months ........
$680,625
$709,250
$695,500
$718,731
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$682
APR
$745,000
MAY JUN
MEDIAN SALES PRICE
JUL
$364
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Huntington Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$785,500
$780,000
$812,500
$767,500
-2.3%
Average Price per Square Foot ...........................
$452
$437
$483
$469
3.8%
Properties Sold .......................................................
100
107
104
102
2.0%
Properties Pending Sale .......................................
129
99
68
106
-17.8%
Properties For Sale ................................................
366
425
285
350
-4.4%
Days on Market (Pending Sale) ...........................
61
63
53
44
-27.9%
Month’s Supply of Inventory ................................
3.7
4
2.7
3.4
-6.2%
Percent Under Contract ........................................
35.2%
23.3%
23.9%
30.3%
-14.1%
Average Median Price for Last 12 Months ........
$757,733
$800,492
$796,817
$795,919
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
$785
APR
$767,500
MAY JUN
MEDIAN SALES PRICE
JUL
$469
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$767 M E 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 2016
telesproperties.com
Irvine DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$899,950
$918,000
$992,500
$1,084,500
20.5%
Average Price per Square Foot ...........................
$441
$476
$442
$454
2.9%
Properties Sold .......................................................
84
98
78
92
9.5%
Properties Pending Sale .......................................
127
105
76
87
-31.5%
Properties For Sale ................................................
376
465
301
369
-1.9%
Days on Market (Pending Sale) ...........................
44
56
79
61
38.6%
Month’s Supply of Inventory ................................
4.5
4.7
3.9
4
-10.4%
Percent Under Contract ........................................
33.8%
22.6%
25.2%
23.6%
-30.2%
Average Median Price for Last 12 Months ........
$921,120
$987,423
$998,178
$971,383
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
$899
APR
$1,084,500
MAY JUN
MEDIAN SALES PRICE
JUL
$454
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.084 M E 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 2016
telesproperties.com
Ladera Ranch DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,000,000
$905,000
$784,950
$820,000
-18.0%
Average Price per Square Foot ...........................
$316
$375
$344
$343
8.5%
Properties Sold .......................................................
26
23
26
23
-11.5%
Properties Pending Sale .......................................
28
19
15
46
64.3%
Properties For Sale ................................................
114
123
76
125
9.6%
Days on Market (Pending Sale) ...........................
58
58
65
44
-24.1%
Month’s Supply of Inventory ................................
4.4
5.3
2.9
5.4
24.0%
Percent Under Contract ........................................
24.6%
15.4%
19.7%
36.8%
49.8%
Average Median Price for Last 12 Months ........
$839,576
$823,558
$815,500
$868,446
3.4%
*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 $1.000
MAR APR
$820,000
MAY JUN
MEDIAN SALES PRICE
JUL
$343
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Laguna Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,850,000
$2,150,000
$1,877,500
$2,425,000
31.1%
Average Price per Square Foot ...........................
$970
$1,159
$996
$1,381
42.4%
Properties Sold .......................................................
35
29
30
27
-22.9%
26
19
35
%
Properties Pending Sale ....................................... Properties For Sale ................................................
252
273
194
239
-5.2%
Days on Market (Pending Sale) ...........................
40
110
124
113
12.5%
Month’s Supply of Inventory ................................
7.2
9.4
6.5
8.9
22.9%
Percent Under Contract ........................................
15.9%
9.5%
9.8%
14.6%
-7.7%
Average Median Price for Last 12 Months ........
$1,884,792
$2,086,917
$2,194,667
$1,979,481
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
$1.850
APR
$2,425,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,381
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.425 M E 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 2016
telesproperties.com
Laguna Niguel DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$810,000
$900,000
$802,500
$893,000
10.2%
Average Price per Square Foot ...........................
$394
$409
$384
$425
7.9%
Properties Sold .......................................................
51
63
44
68
33.3%
Properties Pending Sale .......................................
82
52
35
64
-22.0%
Properties For Sale ................................................
285
270
164
241
-15.4%
Days on Market (Pending Sale) ...........................
54
70
61
49
-9.3%
Month’s Supply of Inventory ................................
5.6
4.3
3.7
3.5
-36.6%
Percent Under Contract ........................................
28.8%
19.3%
21.3%
26.6%
-7.7%
Average Median Price for Last 12 Months ........
$810,829
$851,708
$838,167
$850,019
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
$810
APR
$893,000
MAY JUN
MEDIAN SALES PRICE
JUL
$425
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$893 M E 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 2016
telesproperties.com
Laguna Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$774,000
$839,980
$800,000
$845,000
9.2%
Average Price per Square Foot ...........................
$427
$363
$395
$376
-11.9%
Properties Sold .......................................................
21
27
27
22
4.8%
Properties Pending Sale .......................................
24
22
14
31
29.2%
Properties For Sale ................................................
88
134
80
115
30.7%
Days on Market (Pending Sale) ...........................
45
88
92
52
15.6%
Month’s Supply of Inventory ................................
4.2
5
3
5.2
24.7%
Percent Under Contract ........................................
27.3%
16.4%
17.5%
27.0%
-1.2%
Average Median Price for Last 12 Months ........
$740,179
$805,417
$754,167
$802,575
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$774
APR
$845,000
MAY JUN
MEDIAN SALES PRICE
JUL
$376
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$845 M E 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 2016
telesproperties.com
Laguna Woods DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$0
$798,000
$0
$649,000
n/a
Average Price per Square Foot ...........................
$0
$487
$0
$468
n/a
Properties Sold .......................................................
0
1
0
1
n/a
Properties Pending Sale .......................................
1
0
0
1
0.0%
Properties For Sale ................................................
1
1
1
1
0.0%
Days on Market (Pending Sale) ...........................
77
0
0
7
-90.9%
Month’s Supply of Inventory ................................
n/a
1
n/a
1
n/a
Percent Under Contract ........................................
100.0%
0.0%
0.0%
100.0%
0.0%
Average Median Price for Last 12 Months ........
$772,000
$649,000
$649,000
$777,333
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR APR
$649,000
MAY JUN
MEDIAN SALES PRICE
JUL
$468
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,748,886
$2,800,000
$2,150,000
$2,392,500
-13.0%
Average Price per Square Foot ...........................
$1,037
$1,203
$883
$1,133
9.3%
Properties Sold .......................................................
8
5
3
6
-25.0%
Properties Pending Sale .......................................
6
9
2
6
0.0%
Properties For Sale ................................................
37
39
25
28
-24.3%
Days on Market (Pending Sale) ...........................
80
68
172
64
-20.0%
Month’s Supply of Inventory ................................
4.6
7.8
8.3
4.7
0.9%
Percent Under Contract ........................................
16.2%
23.1%
8.0%
21.4%
32.1%
Average Median Price for Last 12 Months ........
$3,123,666
$3,256,583
$3,086,667
$3,165,991
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.748
APR
$2,392,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,133
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.392 M E 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 2016
telesproperties.com
Mission Viejo DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$653,000
$660,000
$650,000
$646,000
-1.1%
Average Price per Square Foot ...........................
$327
$335
$353
$357
9.2%
Properties Sold .......................................................
87
89
101
87
0.0%
Properties Pending Sale .......................................
138
102
82
99
-28.3%
Properties For Sale ................................................
299
347
210
265
-11.4%
Days on Market (Pending Sale) ...........................
39
59
71
47
20.5%
Month’s Supply of Inventory ................................
3.4
3.9
2.1
3
-11.4%
Percent Under Contract ........................................
46.2%
29.4%
39.0%
37.4%
-19.1%
Average Median Price for Last 12 Months ........
$640,533
$662,150
$671,000
$664,838
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
$653
APR
$646,000
MAY JUN
MEDIAN SALES PRICE
JUL
$357
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$646 M E 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 2016
telesproperties.com
Monarch Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,349,000
$2,300,000
$1,511,200
$1,440,000
6.7%
Average Price per Square Foot ...........................
$699
$671
$725
$1,037
48.4%
Properties Sold .......................................................
13
12
4
10
-23.1%
Properties Pending Sale .......................................
18
11
2
6
-66.7%
Properties For Sale ................................................
73
78
63
71
-2.7%
Days on Market (Pending Sale) ...........................
78
90
84
164
110.3%
Month’s Supply of Inventory ................................
5.6
6.5
15.8
7.1
26.4%
Percent Under Contract ........................................
24.7%
14.1%
3.2%
8.5%
-65.7%
Average Median Price for Last 12 Months ........
$1,393,521
$1,749,971
$1,562,875
$1,611,333
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
$1.349
APR
$1,440,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,037
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.440 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 2016
telesproperties.com
Nelle Gail DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$774,000
$849,990
$817,500
$845,000
9.2%
Average Price per Square Foot ...........................
$427
$363
$397
$376
-11.9%
Properties Sold .......................................................
21
26
26
22
4.8%
Properties Pending Sale .......................................
18
21
14
29
61.1%
Properties For Sale ................................................
91
132
80
112
23.1%
Days on Market (Pending Sale) ...........................
60
89
92
52
-13.3%
Month’s Supply of Inventory ................................
4.3
5.1
3.1
5.1
17.5%
Percent Under Contract ........................................
19.8%
15.9%
17.5%
25.9%
30.9%
Average Median Price for Last 12 Months ........
$753,979
$810,000
$754,167
$815,065
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$774
APR
$845,000
MAY JUN
MEDIAN SALES PRICE
JUL
$376
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$845 M E 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 2016
telesproperties.com
Newport Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,677,500
$2,040,000
$1,850,000
$1,845,000
10.0%
Average Price per Square Foot ...........................
$748
$866
$803
$763
2.0%
Properties Sold .......................................................
57
61
45
51
-10.5%
Properties Pending Sale .......................................
57
56
34
56
-1.8%
Properties For Sale ................................................
325
333
239
324
-0.3%
Days on Market (Pending Sale) ...........................
77
87
81
71
-7.8%
Month’s Supply of Inventory ................................
5.7
5.5
5.3
6.4
11.4%
Percent Under Contract ........................................
17.5%
16.8%
14.2%
17.3%
-1.5%
Average Median Price for Last 12 Months ........
$1,811,493
$1,945,833
$2,005,000
$1,928,558
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.677
APR
$1,845,000
MAY JUN
MEDIAN SALES PRICE
JUL
$763
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.845 M E 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 2016
telesproperties.com
Newport Coast DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,782,500
$4,118,562
$4,850,000
$2,032,500
-27.0%
Average Price per Square Foot ...........................
$781
$936
$1,011
$762
-2.4%
Properties Sold .......................................................
12
10
13
16
33.3%
Properties Pending Sale .......................................
16
7
11
13
-18.8%
Properties For Sale ................................................
94
104
85
101
7.4%
Days on Market (Pending Sale) ...........................
108
53
103
48
-55.6%
Month’s Supply of Inventory ................................
7.8
10.4
6.5
6.3
-19.4%
Percent Under Contract ........................................
17.0%
6.7%
12.9%
12.9%
-24.4%
Average Median Price for Last 12 Months ........
$3,258,006
$2,790,917
$2,374,167
$3,065,736
-5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$2.782
APR
$2,032,500
MAY JUN
MEDIAN SALES PRICE
JUL
$762
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.032 M E 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 2016
telesproperties.com
Newport Heights DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,525,000
$2,275,000
$1,612,500
$1,390,000
-8.9%
Average Price per Square Foot ...........................
$624
$1,095
$729
$674
8.0%
Properties Sold .......................................................
8
18
4
4
-50.0%
Properties Pending Sale .......................................
7
14
5
4
-42.9%
Properties For Sale ................................................
32
81
24
31
-3.1%
Days on Market (Pending Sale) ...........................
113
149
58
48
-57.5%
Month’s Supply of Inventory ................................
4
4.5
6
7.8
93.8%
Percent Under Contract ........................................
21.9%
17.3%
20.8%
12.9%
-41.0%
Average Median Price for Last 12 Months ........
$1,807,413
$1,467,083
$1,515,000
$1,763,413
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.525
APR
$1,390,000
MAY JUN
MEDIAN SALES PRICE
JUL
$674
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.390 M E 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 2016
telesproperties.com
Rancho Santa Margarita DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$625,000
$665,000
$712,500
$665,000
6.4%
Average Price per Square Foot ...........................
$323
$343
$325
$343
6.2%
Properties Sold .......................................................
27
31
43
39
44.4%
Properties Pending Sale .......................................
51
44
30
43
-15.7%
Properties For Sale ................................................
143
183
90
118
-17.5%
Days on Market (Pending Sale) ...........................
70
53
64
46
-34.3%
Month’s Supply of Inventory ................................
5.3
5.9
2.1
3
-42.9%
Percent Under Contract ........................................
35.7%
24.0%
33.3%
36.4%
2.2%
Average Median Price for Last 12 Months ........
$652,991
$709,292
$703,750
$682,577
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
$625
APR
$665,000
MAY JUN
MEDIAN SALES PRICE
JUL
$343
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
San Clemente DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$812,000
$899,000
$919,865
$885,000
9.0%
Average Price per Square Foot ...........................
$389
$391
$422
$429
10.3%
Properties Sold .......................................................
45
41
49
48
6.7%
Properties Pending Sale .......................................
60
44
40
103
71.7%
Properties For Sale ................................................
249
305
220
326
30.9%
Days on Market (Pending Sale) ...........................
51
64
74
55
7.8%
Month’s Supply of Inventory ................................
5.5
7.4
4.5
6.8
22.7%
Percent Under Contract ........................................
24.1%
14.4%
18.2%
31.6%
31.1%
Average Median Price for Last 12 Months ........
$838,913
$930,644
$906,833
$898,067
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
$812
APR
$885,000
MAY JUN
MEDIAN SALES PRICE
JUL
$429
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
San Juan Capistrano DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$640,000
$975,000
$1,072,500
$782,099
22.2%
Average Price per Square Foot ...........................
$329
$348
$327
$378
14.9%
Properties Sold .......................................................
17
29
16
30
76.5%
Properties Pending Sale .......................................
27
33
18
29
7.4%
Properties For Sale ................................................
136
162
125
160
17.6%
Days on Market (Pending Sale) ...........................
88
55
79
49
-44.3%
Month’s Supply of Inventory ................................
8
5.6
7.8
5.3
-33.3%
Percent Under Contract ........................................
19.9%
20.4%
14.4%
18.1%
-8.7%
Average Median Price for Last 12 Months ........
$732,032
$975,336
$942,171
$923,713
26.2%
*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
$640
APR
$782,099
MAY JUN
MEDIAN SALES PRICE
JUL
$378
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 2016
telesproperties.com
Shady Canyon DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$5,800,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$753
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
2
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
679
0
0
0
-100.0%
Month’s Supply of Inventory ................................
2
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
50.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$3,971,125
n/a
n/a
$5,900,000
48.6%
*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
$5.800
APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
n/a 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 2016
telesproperties.com
Turtle Ridge DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,754,500
$2,575,000
$2,295,000
$3,830,000
118.3%
Average Price per Square Foot ...........................
$643
$685
$643
$678
5.4%
Properties Sold .......................................................
2
5
2
3
50.0%
Properties Pending Sale .......................................
2
3
2
1
-50.0%
Properties For Sale ................................................
19
19
13
16
-15.8%
Days on Market (Pending Sale) ...........................
32
106
140
18
-43.8%
Month’s Supply of Inventory ................................
9.5
3.8
6.5
5.3
-43.9%
Percent Under Contract ........................................
10.5%
15.8%
15.4%
6.2%
-40.6%
Average Median Price for Last 12 Months ........
$2,400,117
$2,855,100
$3,235,000
$2,546,208
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
$1.754
APR
$3,830,000
MAY JUN
MEDIAN SALES PRICE
JUL
$678
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Turtle Rock DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,708,750
$1,319,000
$1,025,000
$1,095,000
-35.9%
Average Price per Square Foot ...........................
$479
$648
$597
$502
4.8%
Properties Sold .......................................................
2
1
1
1
-50.0%
Properties Pending Sale .......................................
2
1
0
0
-100.0%
Properties For Sale ................................................
8
4
2
1
-87.5%
Days on Market (Pending Sale) ...........................
48
180
0
0
-100.0%
Month’s Supply of Inventory ................................
4
4
2
1
-75.0%
Percent Under Contract ........................................
25.0%
25.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,098,125
$1,154,000
$1,095,000
$1,277,400
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.708
MAR APR
$1,095,000
MAY JUN
MEDIAN SALES PRICE
JUL
$502
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.095 M E 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 2016
telesproperties.com
Westminster DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$530,000
$562,000
$567,500
$599,000
13.0%
Average Price per Square Foot ...........................
$378
$349
$338
$436
15.3%
Properties Sold .......................................................
19
26
44
28
47.4%
Properties Pending Sale .......................................
36
50
25
43
19.4%
Properties For Sale ................................................
107
127
86
101
-5.6%
Days on Market (Pending Sale) ...........................
32
42
46
39
21.9%
Month’s Supply of Inventory ................................
5.6
4.9
2
3.6
-35.9%
Percent Under Contract ........................................
33.6%
39.4%
29.1%
42.6%
26.5%
Average Median Price for Last 12 Months ........
$533,704
$570,250
$564,667
$562,419
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
$530
APR
$599,000
MAY JUN
MEDIAN SALES PRICE
JUL
$436
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,680,312
$1,669,000
$1,650,000
$1,721,000
2.4%
Average Price per Square Foot ...........................
$1,243
$660
$628
$670
-46.1%
Properties Sold .......................................................
8
15
15
16
100.0%
Properties Pending Sale .......................................
11
13
10
7
-36.4%
Properties For Sale ................................................
58
78
51
57
-1.7%
Days on Market (Pending Sale) ...........................
136
72
94
71
-47.8%
Month’s Supply of Inventory ................................
7.2
5.2
3.4
3.6
-50.9%
Percent Under Contract ........................................
19.0%
16.7%
19.6%
12.3%
-35.2%
Average Median Price for Last 12 Months ........
$1,500,479
$1,692,667
$1,552,000
$1,622,120
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.680
APR
$1,721,000
MAY JUN
MEDIAN SALES PRICE
JUL
$670
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.721 M E 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 2016
telesproperties.com
West Newport - Lido DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,940,000
$2,497,500
$2,025,000
$1,190,500
-38.6%
Average Price per Square Foot ...........................
$1,183
$1,248
$845
$707
-40.2%
Properties Sold .......................................................
11
12
3
4
-63.6%
Properties Pending Sale .......................................
8
7
3
9
12.5%
Properties For Sale ................................................
49
46
36
54
10.2%
Days on Market (Pending Sale) ...........................
132
170
32
150
13.6%
Month’s Supply of Inventory ................................
4.5
3.8
12
13.5
203.1%
Percent Under Contract ........................................
16.3%
15.2%
8.3%
16.7%
2.1%
Average Median Price for Last 12 Months ........
$2,242,542
$2,254,667
$2,034,333
$2,206,385
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.940
MAR APR
$1,190,500
MAY JUN
MEDIAN SALES PRICE
JUL
$707
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
13.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.190 M E 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 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : March 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : March 2016
telesproperties.com
Carpinteria DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$795,000
$865,000
$790,000
$910,000
14.5%
Average Price per Square Foot ...........................
$1,705
$508
$530
$530
-68.9%
Properties Sold .......................................................
9
11
7
5
-44.4%
Properties Pending Sale .......................................
9
6
2
3
-66.7%
Properties For Sale ................................................
40
30
23
27
-32.5%
Days on Market (Pending Sale) ...........................
139
212
10
15
-89.2%
Month’s Supply of Inventory ................................
4.4
2.7
3.3
5.4
21.5%
Percent Under Contract ........................................
22.5%
20.0%
8.7%
11.1%
-50.6%
Average Median Price for Last 12 Months ........
$1,198,479
$1,072,321
$1,145,641
$992,834
-17.2%
*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
$795
APR
$910,000
MAY JUN
MEDIAN SALES PRICE
JUL
$530
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 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 2016
telesproperties.com
Goleta DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$730,000
$913,000
$780,000
$815,526
11.7%
Average Price per Square Foot ...........................
$465
$473
$485
$531
14.2%
Properties Sold .......................................................
12
9
7
7
-41.7%
Properties Pending Sale .......................................
10
14
8
16
60.0%
Properties For Sale ................................................
30
33
27
44
46.7%
Days on Market (Pending Sale) ...........................
54
44
20
36
-33.3%
Month’s Supply of Inventory ................................
2.5
3.7
3.9
6.3
151.4%
Percent Under Contract ........................................
33.3%
42.4%
29.6%
36.4%
9.1%
Average Median Price for Last 12 Months ........
$766,854
$807,171
$793,509
$803,749
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
$730
APR
$815,526
MAY JUN
MEDIAN SALES PRICE
JUL
$531
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.3 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 2016
telesproperties.com
Hope Ranch DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,677,500
$0
$2,367,500
$4,692,500
75.3%
Average Price per Square Foot ...........................
$772
$0
$713
$1,608
108.3%
Properties Sold .......................................................
4
0
2
2
-50.0%
Properties Pending Sale .......................................
4
4
2
2
-50.0%
Properties For Sale ................................................
26
21
15
24
-7.7%
Days on Market (Pending Sale) ...........................
33
149
46
67
103.0%
Month’s Supply of Inventory ................................
6.5
n/a
7.5
12
84.6%
Percent Under Contract ........................................
15.4%
19.0%
13.3%
8.3%
-45.8%
Average Median Price for Last 12 Months ........
$2,694,333
$4,302,200
$5,301,250
$3,966,329
47.2%
*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
$2.677
APR
$4,692,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,608
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
12 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.692 M E 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 2016
telesproperties.com
Montecito DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$2,400,000
$2,812,500
$2,397,500
$2,612,500
8.9%
Average Price per Square Foot ...........................
$992
$808
$936
$858
-13.5%
Properties Sold .......................................................
23
12
22
16
-30.4%
Properties Pending Sale .......................................
20
16
12
20
0.0%
Properties For Sale ................................................
154
167
133
181
17.5%
Days on Market (Pending Sale) ...........................
28
85
162
60
114.3%
Month’s Supply of Inventory ................................
6.7
13.9
6
11.3
69.0%
Percent Under Contract ........................................
13.0%
9.6%
9.0%
11.0%
-14.9%
Average Median Price for Last 12 Months ........
$3,308,193
$3,123,750
$3,729,167
$3,007,692
-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
$2.400
APR
$2,612,500
MAY JUN
MEDIAN SALES PRICE
JUL
$858
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
11.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.612 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Santa Barbara East of State DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,384,000
$1,108,000
$1,909,000
$1,271,000
-8.2%
Average Price per Square Foot ...........................
$721
$657
$636
$726
0.7%
Properties Sold .......................................................
38
26
22
32
-15.8%
Properties Pending Sale .......................................
28
31
16
46
64.3%
Properties For Sale ................................................
120
155
110
137
14.2%
Days on Market (Pending Sale) ...........................
41
42
65
55
34.1%
Month’s Supply of Inventory ................................
3.2
6
5
4.3
35.6%
Percent Under Contract ........................................
23.3%
20.0%
14.5%
33.6%
43.9%
Average Median Price for Last 12 Months ........
$1,210,313
$1,371,833
$1,294,000
$1,298,904
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.384
APR
$1,271,000
MAY JUN
MEDIAN SALES PRICE
JUL
$726
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.271 M E 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 2016
telesproperties.com
Santa Barbara West of State DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$957,500
$980,000
$996,075
$990,250
3.4%
Average Price per Square Foot ...........................
$706
$584
$699
$669
-5.2%
Properties Sold .......................................................
16
23
12
16
0.0%
Properties Pending Sale .......................................
31
21
19
21
-32.3%
Properties For Sale ................................................
76
79
56
75
-1.3%
Days on Market (Pending Sale) ...........................
45
22
63
31
-31.1%
Month’s Supply of Inventory ................................
4.8
3.4
4.7
4.7
-1.3%
Percent Under Contract ........................................
40.8%
26.6%
33.9%
28.0%
-31.4%
Average Median Price for Last 12 Months ........
$1,011,500
$1,085,138
$1,133,417
$1,064,679
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$957
APR
$990,250
MAY JUN
MEDIAN SALES PRICE
JUL
$669
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Santa Ynez DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,157,500
$772,500
$699,000
$850,000
-26.6%
Average Price per Square Foot ...........................
$397
$440
$239
$339
-14.6%
Properties Sold .......................................................
18
12
7
11
-38.9%
Properties Pending Sale .......................................
11
13
14
17
54.5%
Properties For Sale ................................................
100
129
122
151
51.0%
Days on Market (Pending Sale) ...........................
84
75
91
108
28.6%
Month’s Supply of Inventory ................................
5.6
10.8
17.4
13.7
147.1%
Percent Under Contract ........................................
11.0%
10.1%
11.5%
11.3%
2.3%
Average Median Price for Last 12 Months ........
$736,750
$734,250
$741,667
$811,788
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 $1.157
MAR APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$339
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
13.7 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 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : March 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : March 2016
telesproperties.com
Carmel DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,226,500
$1,375,000
$1,505,000
$1,072,500
-12.6%
Average Price per Square Foot ...........................
$801
$761
$1,046
$927
15.7%
Properties Sold .......................................................
24
27
34
22
-8.3%
Properties Pending Sale .......................................
28
17
24
25
-10.7%
Properties For Sale ................................................
144
156
130
150
4.2%
Days on Market (Pending Sale) ...........................
137
102
126
95
-30.7%
Month’s Supply of Inventory ................................
6
5.8
3.8
6.8
13.6%
Percent Under Contract ........................................
19.4%
10.9%
18.5%
16.7%
-14.3%
Average Median Price for Last 12 Months ........
$1,407,304
$1,436,083
$1,306,667
$1,330,846
-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
$1.226
APR
$1,072,500
MAY JUN
MEDIAN SALES PRICE
JUL
$927
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.072 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Carmel Valley DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$812,500
$1,200,000
$659,000
$975,000
20.0%
Average Price per Square Foot ...........................
$409
$497
$383
$253
-38.1%
Properties Sold .......................................................
10
9
4
1
-90.0%
Properties Pending Sale .......................................
8
7
5
10
25.0%
Properties For Sale ................................................
61
66
60
74
21.3%
Days on Market (Pending Sale) ...........................
140
38
41
75
-46.4%
Month’s Supply of Inventory ................................
6.1
7.3
15
74
1113.1%
Percent Under Contract ........................................
13.1%
10.6%
8.3%
13.5%
3.0%
Average Median Price for Last 12 Months ........
$891,250
$851,402
$937,500
$900,004
1.0%
*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
$812
APR
$975,000
MAY JUN
MEDIAN SALES PRICE
JUL
$253
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
74 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Marina DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$438,000
$445,950
$461,500
$447,500
2.2%
Average Price per Square Foot ...........................
$288
$318
$297
$299
3.8%
Properties Sold .......................................................
9
8
9
10
11.1%
Properties Pending Sale .......................................
11
13
7
9
-18.2%
Properties For Sale ................................................
20
36
21
30
50.0%
Days on Market (Pending Sale) ...........................
26
16
64
33
26.9%
Month’s Supply of Inventory ................................
2.2
4.5
2.3
3
35.0%
Percent Under Contract ........................................
55.0%
36.1%
33.3%
30.0%
-45.5%
Average Median Price for Last 12 Months ........
$430,296
$462,583
$469,167
$454,227
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$438
APR
$447,500
MAY JUN
MEDIAN SALES PRICE
JUL
$299
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$447 M E 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 2016
telesproperties.com
Monterey DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$650,000
$790,000
$605,000
$674,000
3.7%
Average Price per Square Foot ...........................
$375
$471
$422
$413
10.1%
Properties Sold .......................................................
23
14
18
16
-30.4%
Properties Pending Sale .......................................
29
22
13
18
-37.9%
Properties For Sale ................................................
100
108
84
80
-20.0%
Days on Market (Pending Sale) ...........................
105
52
58
51
-51.4%
Month’s Supply of Inventory ................................
4.3
7.7
4.7
5
15.0%
Percent Under Contract ........................................
29.0%
20.4%
15.5%
22.5%
-22.4%
Average Median Price for Last 12 Months ........
$671,213
$673,292
$710,917
$697,442
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$650
APR
$674,000
MAY JUN
MEDIAN SALES PRICE
JUL
$413
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$674 M E 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 2016
telesproperties.com
Pacific Grove DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$815,000
$821,500
$875,000
$789,500
-3.1%
Average Price per Square Foot ...........................
$590
$707
$615
$584
-1.0%
Properties Sold .......................................................
17
9
11
10
-41.2%
Properties Pending Sale .......................................
17
13
12
18
5.9%
Properties For Sale ................................................
51
56
55
62
21.6%
Days on Market (Pending Sale) ...........................
85
93
74
59
-30.6%
Month’s Supply of Inventory ................................
3
6.2
5
6.2
106.7%
Percent Under Contract ........................................
33.3%
23.2%
21.8%
29.0%
-12.9%
Average Median Price for Last 12 Months ........
$753,750
$844,917
$807,333
$808,500
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$815
APR
$789,500
MAY JUN
MEDIAN SALES PRICE
JUL
$584
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$789 M E 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 2016
telesproperties.com
Pebble Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,348,000
$2,380,000
$1,125,000
$1,712,500
27.0%
Average Price per Square Foot ...........................
$525
$635
$900
$685
30.5%
Properties Sold .......................................................
9
7
11
10
11.1%
Properties Pending Sale .......................................
14
12
5
11
-21.4%
Properties For Sale ................................................
88
85
80
80
-9.1%
Days on Market (Pending Sale) ...........................
143
118
85
95
-33.6%
Month’s Supply of Inventory ................................
9.8
12.1
7.3
8
-18.2%
Percent Under Contract ........................................
15.9%
14.1%
6.2%
13.8%
-13.6%
Average Median Price for Last 12 Months ........
$1,462,021
$1,498,917
$1,645,833
$1,560,769
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.348
APR
$1,712,500
MAY JUN
MEDIAN SALES PRICE
JUL
$685
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.712 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 2016
telesproperties.com
Salinas DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$420,000
$420,000
$415,000
$455,000
8.3%
Average Price per Square Foot ...........................
$247
$259
$267
$264
6.9%
Properties Sold .......................................................
49
67
47
52
6.1%
Properties Pending Sale .......................................
67
66
54
66
-1.5%
Properties For Sale ................................................
198
222
171
187
-5.6%
Days on Market (Pending Sale) ...........................
64
37
66
44
-31.2%
Month’s Supply of Inventory ................................
4
3.3
3.6
3.6
-11.0%
Percent Under Contract ........................................
33.8%
29.7%
31.6%
35.3%
4.3%
Average Median Price for Last 12 Months ........
$397,058
$419,250
$428,500
$417,587
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$420
APR
$455,000
MAY JUN
MEDIAN SALES PRICE
JUL
$264
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$455 M E 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 2016
telesproperties.com
Seaside DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$364,000
$427,500
$414,000
$415,000
14.0%
Average Price per Square Foot ...........................
$302
$333
$357
$354
17.2%
Properties Sold .......................................................
17
14
15
15
-11.8%
Properties Pending Sale .......................................
19
18
10
18
-5.3%
Properties For Sale ................................................
36
45
35
44
22.2%
Days on Market (Pending Sale) ...........................
48
80
55
34
-29.2%
Month’s Supply of Inventory ................................
2.1
3.2
2.3
2.9
38.5%
Percent Under Contract ........................................
52.8%
40.0%
28.6%
40.9%
-22.5%
Average Median Price for Last 12 Months ........
$353,649
$450,292
$483,333
$425,673
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
$364
APR
$415,000
MAY JUN
MEDIAN SALES PRICE
JUL
$354
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : March 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : March 2016
telesproperties.com
San Diego County DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$515,000
$525,000
$539,250
$550,000
6.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
2019
1890
1908
1967
-2.6%
Properties Pending Sale .......................................
2465
2101
1486
2555
3.7%
Properties For Sale ................................................
8,477
8,385
6,270
7,697
-9.2%
Days on Market (Pending Sale) ...........................
45
46
57
42
-6.7%
Month’s Supply of Inventory ................................
4.2
4.4
3.3
3.9
-6.8%
Percent Under Contract ........................................
29.1%
25.1%
23.7%
33.2%
14.2%
Average Median Price for Last 12 Months ........
$499,450
$534,542
$536,000
$532,231
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$515
APR
$550,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Carlsbad DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$789,500
$823,750
$830,000
$831,500
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
88
104
99
88
0.0%
Properties Pending Sale .......................................
118
95
57
116
-1.7%
Properties For Sale ................................................
370
394
237
328
-11.4%
Days on Market (Pending Sale) ...........................
42
40
62
33
-21.4%
Month’s Supply of Inventory ................................
4.2
3.8
2.4
3.7
-11.4%
Percent Under Contract ........................................
31.9%
24.1%
24.1%
35.4%
10.9%
Average Median Price for Last 12 Months ........
$796,188
$826,667
$829,167
$821,442
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
$789
APR
$831,500
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$831 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Carmel Valley DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,230,000
$1,150,000
$1,140,000
$1,200,000
-2.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
46
32
39
53
15.2%
Properties Pending Sale .......................................
48
35
24
58
20.8%
Properties For Sale ................................................
163
203
149
188
15.3%
Days on Market (Pending Sale) ...........................
48
50
69
23
-52.1%
Month’s Supply of Inventory ................................
3.5
6.3
3.8
3.5
0.1%
Percent Under Contract ........................................
29.4%
17.2%
16.1%
30.9%
4.8%
Average Median Price for Last 12 Months ........
$1,116,708
$1,113,407
$1,110,981
$1,146,073
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
$1.230
APR
$1,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 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 2016
telesproperties.com
Chula Vista DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$461,500
$490,000
$489,000
$505,000
9.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
132
142
163
154
16.7%
Properties Pending Sale .......................................
186
186
124
192
3.2%
Properties For Sale ................................................
560
519
401
460
-17.9%
Days on Market (Pending Sale) ...........................
42
41
46
38
-9.5%
Month’s Supply of Inventory ................................
4.2
3.7
2.5
3
-29.6%
Percent Under Contract ........................................
33.2%
35.8%
30.9%
41.7%
25.7%
Average Median Price for Last 12 Months ........
$449,900
$490,818
$493,333
$483,185
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
$461
APR
$505,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Coronado DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,830,000
$1,860,000
$1,940,000
$1,474,237
-19.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
13
13
8
13
0.0%
Properties Pending Sale .......................................
20
16
7
24
20.0%
Properties For Sale ................................................
116
125
106
134
15.5%
Days on Market (Pending Sale) ...........................
103
68
88
96
-6.8%
Month’s Supply of Inventory ................................
8.9
9.6
13.2
10.3
15.5%
Percent Under Contract ........................................
17.2%
12.8%
6.6%
17.9%
3.9%
Average Median Price for Last 12 Months ........
$1,575,708
$1,619,173
$1,524,746
$1,726,964
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
$1.830
APR
$1,474,237
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.474 M E 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 2016
telesproperties.com
Del Mar DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,465,000
$2,579,375
$1,865,250
$1,700,000
16.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
11
14
11
13
18.2%
Properties Pending Sale .......................................
25
14
11
23
-8.0%
Properties For Sale ................................................
86
87
64
100
16.3%
Days on Market (Pending Sale) ...........................
86
55
58
54
-37.2%
Month’s Supply of Inventory ................................
7.8
6.2
5.8
7.7
-1.6%
Percent Under Contract ........................................
29.1%
16.1%
17.2%
23.0%
-20.9%
Average Median Price for Last 12 Months ........
$1,549,710
$1,909,417
$2,003,333
$1,852,817
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
$1.465
APR
$1,700,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
El Cajon DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$424,000
$487,500
$469,000
$444,000
4.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
87
100
91
99
13.8%
Properties Pending Sale .......................................
128
110
78
128
0.0%
Properties For Sale ................................................
391
366
300
384
-1.8%
Days on Market (Pending Sale) ...........................
51
45
43
49
-3.9%
Month’s Supply of Inventory ................................
4.5
3.7
3.3
3.9
-13.7%
Percent Under Contract ........................................
32.7%
30.1%
26.0%
33.3%
1.8%
Average Median Price for Last 12 Months ........
$428,582
$455,417
$450,667
$453,692
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
$424
APR
$444,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$444 M E 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 2016
telesproperties.com
Encinitas DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$984,500
$1,265,000
$955,000
$927,500
-5.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
60
36
29
30
-50.0%
Properties Pending Sale .......................................
51
37
25
52
2.0%
Properties For Sale ................................................
165
170
102
167
1.2%
Days on Market (Pending Sale) ...........................
41
48
38
41
0.0%
Month’s Supply of Inventory ................................
2.8
4.7
3.5
5.6
102.4%
Percent Under Contract ........................................
30.9%
21.8%
24.5%
31.1%
0.7%
Average Median Price for Last 12 Months ........
$980,891
$1,044,667
$1,093,167
$1,089,831
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$984
APR
$927,500
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$927 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Escondido DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$426,000
$455,000
$455,000
$535,000
25.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
114
126
118
123
7.9%
Properties Pending Sale .......................................
170
133
72
169
-0.6%
Properties For Sale ................................................
567
500
367
481
-15.2%
Days on Market (Pending Sale) ...........................
55
53
44
41
-25.5%
Month’s Supply of Inventory ................................
5
4
3.1
3.9
-21.4%
Percent Under Contract ........................................
30.0%
26.6%
19.6%
35.1%
17.2%
Average Median Price for Last 12 Months ........
$971,349
$483,667
$507,333
$469,292
-107.0%
*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
$426
APR
$535,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Imperial-Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$475,000
$449,000
$440,000
$500,000
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
11
13
11
8
-27.3%
Properties Pending Sale .......................................
7
11
7
8
14.3%
Properties For Sale ................................................
27
31
16
23
-14.8%
Days on Market (Pending Sale) ...........................
17
69
31
76
347.1%
Month’s Supply of Inventory ................................
2.5
2.4
1.5
2.9
17.1%
Percent Under Contract ........................................
25.9%
35.5%
43.8%
34.8%
34.2%
Average Median Price for Last 12 Months ........
$406,923
$459,833
$466,833
$454,365
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$475
APR
$500,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
La Jolla DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,675,000
$1,848,812
$2,025,000
$1,941,000
15.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
37
22
36
25
-32.4%
Properties Pending Sale .......................................
43
24
27
46
7.0%
Properties For Sale ................................................
239
252
211
252
5.4%
Days on Market (Pending Sale) ...........................
55
85
72
66
20.0%
Month’s Supply of Inventory ................................
6.5
11.5
5.9
10.1
56.1%
Percent Under Contract ........................................
18.0%
9.5%
12.8%
18.3%
1.5%
Average Median Price for Last 12 Months ........
$1,698,458
$1,953,333
$1,963,333
$1,869,101
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
$1.675
APR
$1,941,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.941 M E 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 2016
telesproperties.com
La Mesa DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$475,000
$488,742
$484,250
$507,500
6.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
82
68
48
66
-19.5%
Properties Pending Sale .......................................
69
64
37
79
14.5%
Properties For Sale ................................................
192
196
158
205
6.8%
Days on Market (Pending Sale) ...........................
57
42
35
27
-52.6%
Month’s Supply of Inventory ................................
2.8
3.1
4.3
3.1
11.6%
Percent Under Contract ........................................
35.9%
32.7%
23.4%
38.5%
7.2%
Average Median Price for Last 12 Months ........
$460,371
$485,792
$490,833
$485,000
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
$475
APR
$507,500
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$507 M E 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 2016
telesproperties.com
Lemon Grove DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$355,000
$355,000
$385,000
$400,000
12.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
23
15
17
19
-17.4%
Properties Pending Sale .......................................
25
23
21
29
16.0%
Properties For Sale ................................................
63
49
43
51
-19.0%
Days on Market (Pending Sale) ...........................
24
35
39
43
79.2%
Month’s Supply of Inventory ................................
2.5
2.1
2
2.7
6.5%
Percent Under Contract ........................................
39.7%
46.9%
48.8%
56.9%
43.3%
Average Median Price for Last 12 Months ........
$354,663
$391,417
$406,333
$382,404
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$355
APR
$400,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 2016
telesproperties.com
National City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$299,900
$365,000
$350,000
$332,000
10.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
23
13
23
17
-26.1%
Properties Pending Sale .......................................
20
23
15
24
20.0%
Properties For Sale ................................................
59
52
44
55
-6.8%
Days on Market (Pending Sale) ...........................
33
33
33
56
69.7%
Month’s Supply of Inventory ................................
3
2.3
2.9
3.2
9.7%
Percent Under Contract ........................................
33.9%
44.2%
34.1%
43.6%
28.7%
Average Median Price for Last 12 Months ........
$310,117
$347,917
$358,833
$343,685
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
$299
APR
$332,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$332 M E 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 2016
telesproperties.com
Oceanside DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$457,000
$466,500
$477,000
$480,000
5.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
127
128
110
139
9.4%
Properties Pending Sale .......................................
145
135
99
164
13.1%
Properties For Sale ................................................
447
402
298
358
-19.9%
Days on Market (Pending Sale) ...........................
41
44
57
30
-26.8%
Month’s Supply of Inventory ................................
3.5
3.1
2.7
2.6
-26.8%
Percent Under Contract ........................................
32.4%
33.6%
33.2%
45.8%
41.2%
Average Median Price for Last 12 Months ........
$897,000
$474,917
$475,000
$473,273
-89.5%
*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
$457
APR
$480,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$480 M E 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 2016
telesproperties.com
Poway DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$644,500
$680,000
$668,500
$758,000
17.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
32
47
28
54
68.8%
Properties Pending Sale .......................................
52
31
26
54
3.8%
Properties For Sale ................................................
178
187
156
183
2.8%
Days on Market (Pending Sale) ...........................
31
49
61
49
58.1%
Month’s Supply of Inventory ................................
5.6
4
5.6
3.4
-39.1%
Percent Under Contract ........................................
29.2%
16.6%
16.7%
29.5%
1.0%
Average Median Price for Last 12 Months ........
$624,604
$648,208
$641,417
$655,327
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
$644
APR
$758,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$758 M E 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 2016
telesproperties.com
Rancho Bernardo DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$717,500
$735,000
$687,500
$727,000
1.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
92
92
94
68
-26.1%
Properties Pending Sale .......................................
126
98
58
122
-3.2%
Properties For Sale ................................................
370
409
243
348
-5.9%
Days on Market (Pending Sale) ...........................
37
43
62
40
8.1%
Month’s Supply of Inventory ................................
4.2
4.3
5
5.1
21.0%
Percent Under Contract ........................................
34.1%
24.0%
23.9%
35.1%
2.9%
Average Median Price for Last 12 Months ........
$707,808
$715,958
$733,750
$719,365
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$717
APR
$727,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$727 M E 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 2016
telesproperties.com
San Marcos DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$568,250
$542,500
$577,000
$650,000
14.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
52
82
57
51
-1.9%
Properties Pending Sale .......................................
76
73
52
94
23.7%
Properties For Sale ................................................
239
250
169
234
-2.1%
Days on Market (Pending Sale) ...........................
42
41
81
37
-11.9%
Month’s Supply of Inventory ................................
4.6
3
3
4.6
-0.2%
Percent Under Contract ........................................
31.8%
29.2%
30.8%
40.2%
26.3%
Average Median Price for Last 12 Months ........
$550,021
$593,933
$588,450
$586,785
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
$568
APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 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 2016
telesproperties.com
Santee DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$415,000
$455,000
$449,200
$458,500
10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
49
45
44
32
-34.7%
Properties Pending Sale .......................................
40
41
26
44
10.0%
Properties For Sale ................................................
96
99
72
109
13.5%
Days on Market (Pending Sale) ...........................
30
26
47
38
26.7%
Month’s Supply of Inventory ................................
2
2.2
1.6
3.4
73.9%
Percent Under Contract ........................................
41.7%
41.4%
36.1%
40.4%
-3.1%
Average Median Price for Last 12 Months ........
$416,098
$455,925
$454,117
$446,062
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$415
APR
$458,500
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$458 M E 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 2016
telesproperties.com
Solana Beach DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,290,000
$1,197,500
$1,399,000
$1,320,000
2.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
15
6
7
13
-13.3%
Properties Pending Sale .......................................
6
4
1
8
33.3%
Properties For Sale ................................................
32
34
33
36
12.5%
Days on Market (Pending Sale) ...........................
90
24
27
86
-4.4%
Month’s Supply of Inventory ................................
2.1
5.7
4.7
2.8
29.8%
Percent Under Contract ........................................
18.8%
11.8%
3.0%
22.2%
18.5%
Average Median Price for Last 12 Months ........
$1,461,114
$1,376,583
$1,387,500
$1,518,962
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
$1.290
APR
$1,320,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.320 M E 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 2016
telesproperties.com
Vista DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$420,000
$464,270
$475,450
$469,000
11.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
62
58
68
69
11.3%
Properties Pending Sale .......................................
97
96
50
87
-10.3%
Properties For Sale ................................................
320
288
218
247
-22.8%
Days on Market (Pending Sale) ...........................
43
49
62
45
4.7%
Month’s Supply of Inventory ................................
5.2
5
3.2
3.6
-30.6%
Percent Under Contract ........................................
30.3%
33.3%
22.9%
35.2%
16.2%
Average Median Price for Last 12 Months ........
$431,542
$468,158
$473,750
$465,702
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$420
APR
$469,000
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$469 M E 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 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : March 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : March 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$675,500
$735,000
$787,500
$537,500
-20.4%
Average Price per Square Foot ...........................
$470
$534
$590
$600
27.7%
Properties Sold .......................................................
11
16
8
6
-45.5%
Properties Pending Sale .......................................
12
12
4
4
-66.7%
Properties For Sale ................................................
33
40
24
30
-9.1%
Days on Market (Pending Sale) ...........................
35
31
65
30
-14.3%
Month’s Supply of Inventory ................................
3
2.5
3
5
66.7%
Percent Under Contract ........................................
36.4%
30.0%
16.7%
13.3%
-63.3%
Average Median Price for Last 12 Months ........
$644,850
$686,948
$615,333
$689,976
7.0%
*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 $675
MAR APR
$537,500
MAY JUN
MEDIAN SALES PRICE
JUL
$600
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$537 M E 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 2016
telesproperties.com
Beverly Hills DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$1,285,000
$1,200,000
$1,187,500
$1,151,500
-10.4%
Average Price per Square Foot ...........................
$667
$662
$666
$627
-6.0%
Properties Sold .......................................................
16
9
10
12
-25.0%
Properties Pending Sale .......................................
10
9
10
13
30.0%
Properties For Sale ................................................
50
57
45
61
22.0%
Days on Market (Pending Sale) ...........................
67
49
67
56
-16.4%
Month’s Supply of Inventory ................................
3.1
6.3
4.5
5.1
62.7%
Percent Under Contract ........................................
20.0%
15.8%
22.2%
21.3%
6.6%
Average Median Price for Last 12 Months ........
$1,059,819
$1,244,000
$1,125,500
$1,178,192
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.285
APR
$1,151,500
MAY JUN
MEDIAN SALES PRICE
JUL
$627
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.151 M E 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 2016
telesproperties.com
Brentwood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$819,000
$679,000
$725,000
$864,062
5.5%
Average Price per Square Foot ...........................
$568
$551
$562
$616
8.5%
Properties Sold .......................................................
15
20
15
16
6.7%
Properties Pending Sale .......................................
19
26
15
24
26.3%
Properties For Sale ................................................
70
94
73
63
-10.0%
Days on Market (Pending Sale) ...........................
58
49
83
42
-27.6%
Month’s Supply of Inventory ................................
4.7
4.7
4.9
3.9
-15.6%
Percent Under Contract ........................................
27.1%
27.7%
20.5%
38.1%
40.4%
Average Median Price for Last 12 Months ........
$703,240
$847,344
$918,854
$808,274
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 MAR
$819
APR
$864,062
MAY JUN
MEDIAN SALES PRICE
JUL
$616
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$864 M E 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 2016
telesproperties.com
Culver City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$440,000
$440,000
$426,000
$452,000
2.7%
Average Price per Square Foot ...........................
$405
$436
$444
$443
9.4%
Properties Sold .......................................................
24
21
18
11
-54.2%
Properties Pending Sale .......................................
19
12
12
25
31.6%
Properties For Sale ................................................
42
35
23
42
0.0%
Days on Market (Pending Sale) ...........................
23
22
31
17
-26.1%
Month’s Supply of Inventory ................................
1.8
1.7
1.3
3.8
118.2%
Percent Under Contract ........................................
45.2%
34.3%
52.2%
59.5%
31.6%
Average Median Price for Last 12 Months ........
$403,000
$435,917
$442,000
$441,962
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$440
APR
$452,000
MAY JUN
MEDIAN SALES PRICE
JUL
$443
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$452 M E 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 2016
telesproperties.com
Downtown DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$600,000
$547,500
$531,500
$555,000
-7.5%
Average Price per Square Foot ...........................
$581
$602
$627
$791
36.1%
Properties Sold .......................................................
50
36
30
21
-58.0%
Properties Pending Sale .......................................
57
39
23
34
-40.4%
Properties For Sale ................................................
190
192
154
196
3.2%
Days on Market (Pending Sale) ...........................
55
77
53
56
1.8%
Month’s Supply of Inventory ................................
3.8
5.3
5.1
9.3
145.6%
Percent Under Contract ........................................
30.0%
20.3%
14.9%
17.3%
-42.2%
Average Median Price for Last 12 Months ........
$526,490
$579,342
$600,833
$580,465
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
$600
APR
$555,000
MAY JUN
MEDIAN SALES PRICE
JUL
$791
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Encino DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$334,000
$271,000
$358,000
$335,000
0.3%
Average Price per Square Foot ...........................
$267
$257
$306
$352
31.8%
Properties Sold .......................................................
20
13
14
16
-20.0%
Properties Pending Sale .......................................
16
25
17
15
-6.2%
Properties For Sale ................................................
43
37
22
18
-58.1%
Days on Market (Pending Sale) ...........................
58
55
66
30
-48.3%
Month’s Supply of Inventory ................................
2.2
2.8
1.6
1.1
-47.7%
Percent Under Contract ........................................
37.2%
67.6%
77.3%
83.3%
124.0%
Average Median Price for Last 12 Months ........
$299,583
$331,833
$331,667
$325,769
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
$334
APR
$335,000
MAY JUN
MEDIAN SALES PRICE
JUL
$352
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$335 M E 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 2016
telesproperties.com
Malibu DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$560,000
$530,000
$968,000
$700,000
25.0%
Average Price per Square Foot ...........................
$591
$520
$930
$569
-3.7%
Properties Sold .......................................................
3
3
1
7
133.3%
Properties Pending Sale .......................................
2
3
1
5
150.0%
Properties For Sale ................................................
24
25
18
17
-29.2%
Days on Market (Pending Sale) ...........................
138
140
4
29
-79.0%
Month’s Supply of Inventory ................................
8
8.3
18
2.4
-69.6%
Percent Under Contract ........................................
8.3%
12.0%
5.6%
29.4%
252.9%
Average Median Price for Last 12 Months ........
$1,001,000
$867,889
$938,750
$722,454
-27.8%
*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
$560
APR
$700,000
MAY JUN
MEDIAN SALES PRICE
JUL
$569
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 2016
telesproperties.com
Marina Del Rey DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$850,000
$773,000
$902,500
$745,000
-12.4%
Average Price per Square Foot ...........................
$566
$569
$563
$704
24.4%
Properties Sold .......................................................
27
24
22
13
-51.9%
Properties Pending Sale .......................................
25
27
17
29
16.0%
Properties For Sale ................................................
107
87
74
90
-15.9%
Days on Market (Pending Sale) ...........................
63
56
69
45
-28.6%
Month’s Supply of Inventory ................................
4
3.6
3.4
6.9
74.7%
Percent Under Contract ........................................
23.4%
31.0%
23.0%
32.2%
37.9%
Average Median Price for Last 12 Months ........
$835,167
$848,500
$787,167
$856,439
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
$850
APR
$745,000
MAY JUN
MEDIAN SALES PRICE
JUL
$704
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Santa Monica DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$997,500
$824,250
$880,000
$890,000
-10.8%
Average Price per Square Foot ...........................
$998
$866
$768
$1,137
13.9%
Properties Sold .......................................................
38
30
27
20
-47.4%
Properties Pending Sale .......................................
33
25
18
21
-36.4%
Properties For Sale ................................................
115
102
84
96
-16.5%
Days on Market (Pending Sale) ...........................
47
62
31
41
-12.8%
Month’s Supply of Inventory ................................
3
3.4
3.1
4.8
58.6%
Percent Under Contract ........................................
28.7%
24.5%
21.4%
21.9%
-23.8%
Average Median Price for Last 12 Months ........
$921,950
$938,765
$819,833
$974,795
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
$997
APR
$890,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,137
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 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 2016
telesproperties.com
Sherman Oaks DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$465,000
$422,000
$430,000
$510,000
9.7%
Average Price per Square Foot ...........................
$347
$333
$329
$343
-1.2%
Properties Sold .......................................................
32
30
12
19
-40.6%
Properties Pending Sale .......................................
28
22
15
23
-17.9%
Properties For Sale ................................................
32
38
20
31
-3.1%
Days on Market (Pending Sale) ...........................
44
50
72
51
15.9%
Month’s Supply of Inventory ................................
1
1.3
1.7
1.6
63.2%
Percent Under Contract ........................................
87.5%
57.9%
75.0%
74.2%
-15.2%
Average Median Price for Last 12 Months ........
$407,333
$455,667
$468,333
$444,923
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
$465
APR
$510,000
MAY JUN
MEDIAN SALES PRICE
JUL
$343
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2016
telesproperties.com
Studio City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$490,000
$534,000
$559,000
$590,000
20.4%
Average Price per Square Foot ...........................
$374
$404
$374
$467
24.9%
Properties Sold .......................................................
13
13
12
10
-23.1%
Properties Pending Sale .......................................
13
11
13
13
0.0%
Properties For Sale ................................................
24
31
22
20
-16.7%
Days on Market (Pending Sale) ...........................
79
70
85
74
-6.3%
Month’s Supply of Inventory ................................
1.8
2.4
1.8
2
8.3%
Percent Under Contract ........................................
54.2%
35.5%
59.1%
65.0%
20.0%
Average Median Price for Last 12 Months ........
$504,333
$548,500
$571,333
$536,385
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
$490
APR
$590,000
MAY JUN
MEDIAN SALES PRICE
JUL
$467
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
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 2016
telesproperties.com
Venice DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$843,500
$1,130,000
$1,280,000
$1,272,500
50.9%
Average Price per Square Foot ...........................
$801
$513
$1,299
$944
17.9%
Properties Sold .......................................................
2
1
1
2
0.0%
Properties Pending Sale .......................................
1
4
2
1
0.0%
Properties For Sale ................................................
18
24
13
17
-5.6%
Days on Market (Pending Sale) ...........................
7
20
60
22
214.3%
Month’s Supply of Inventory ................................
9
24
13
8.5
-5.6%
Percent Under Contract ........................................
5.6%
16.7%
15.4%
5.9%
5.9%
Average Median Price for Last 12 Months ........
$1,059,000
$1,425,000
$1,492,500
$1,320,955
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
$843
APR
$1,272,500
MAY JUN
MEDIAN SALES PRICE
JUL
$944
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.272 M E 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 2016
telesproperties.com
West Hollywood DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$596,000
$554,500
$610,000
$575,250
-3.5%
Average Price per Square Foot ...........................
$584
$628
$712
$679
16.3%
Properties Sold .......................................................
40
30
20
38
-5.0%
Properties Pending Sale .......................................
43
26
21
36
-16.3%
Properties For Sale ................................................
142
119
87
122
-14.1%
Days on Market (Pending Sale) ...........................
55
43
54
41
-25.5%
Month’s Supply of Inventory ................................
3.6
4
4.4
3.2
-9.6%
Percent Under Contract ........................................
30.3%
21.8%
24.1%
29.5%
-2.6%
Average Median Price for Last 12 Months ........
$605,211
$638,458
$652,250
$618,519
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$596
APR
$575,250
MAY JUN
MEDIAN SALES PRICE
JUL
$679
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$575 M E 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 2016
telesproperties.com
West LA DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$608,000
$686,750
$670,007
$650,000
6.9%
Average Price per Square Foot ...........................
$466
$521
$514
$559
20.0%
Properties Sold .......................................................
14
14
17
6
-57.1%
Properties Pending Sale .......................................
14
13
13
13
-7.1%
Properties For Sale ................................................
41
42
33
32
-22.0%
Days on Market (Pending Sale) ...........................
45
33
38
28
-37.8%
Month’s Supply of Inventory ................................
2.9
3
1.9
5.3
82.1%
Percent Under Contract ........................................
34.1%
31.0%
39.4%
40.6%
19.0%
Average Median Price for Last 12 Months ........
$589,134
$670,909
$692,833
$688,361
16.8%
*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
$608
APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$559
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 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 2016
telesproperties.com
Westwood - Century City DATA*
Mar 2015
6 month
3 month
Mar 2016
% change
Median Price ..........................................................
$736,000
$730,000
$832,000
$780,000
6.0%
Average Price per Square Foot ...........................
$626
$712
$735
$609
-2.7%
Properties Sold .......................................................
44
51
41
50
13.6%
Properties Pending Sale .......................................
50
44
36
57
14.0%
Properties For Sale ................................................
276
275
205
243
-12.0%
Days on Market (Pending Sale) ...........................
62
53
71
39
-37.1%
Month’s Supply of Inventory ................................
6.3
5.4
5
4.9
-22.5%
Percent Under Contract ........................................
18.1%
16.0%
17.6%
23.5%
29.5%
Average Median Price for Last 12 Months ........
$757,031
$786,637
$798,773
$763,832
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$736
APR
$780,000
MAY JUN
MEDIAN SALES PRICE
JUL
$609
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$780 M E 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 2016
telesproperties.com
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
March 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY, SAN DIEGO Š2016 Teles Properties, Inc. Teles Properties is a registered trademark.