MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH March 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
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READING THE REPORT
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : March 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : March 2018
LOS ANGELES COUNTY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$600,000
$631,000
$620,000
$650,000
8.3%
Average Price per Square Foot ..............
$453
$470
$468
$494
9.1%
Properties Sold ...................................
4196
4377
3907
4082
-2.7%
Properties Pending Sale .......................
5184
4505
3025
4933
-4.8%
Properties For Sale ..............................
16,423
17,160
12,963
15,309
-6.8%
Days on Market (Pending Sale) .............
38
39
44
34
-10.5%
Month’s Supply of Inventory .................
3.9
3.9
3.3
3.8
-4.2%
Percent Under Contract .......................
31.6%
26.3%
23.3%
32.2%
2.1%
$586,375
$625,517
$631,667
$625,392
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $600
MAR APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$494
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEL-AIR HOLMBY HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,501,026
$2,762,500
$2,642,500
$2,550,000
2.0%
Average Price per Square Foot ..............
$935
$995
$897
$937
0.2%
Properties Sold ...................................
13
20
16
11
-15.4%
Properties Pending Sale .......................
15
18
8
11
-26.7%
Properties For Sale ..............................
144
173
135
148
2.8%
Days on Market (Pending Sale) .............
38
72
72
74
94.7%
Month’s Supply of Inventory .................
11.1
8.6
8.4
13.5
21.5%
Percent Under Contract .......................
10.4%
10.4%
5.9%
7.4%
-28.6%
$2,062,794
$3,274,961
$3,940,833
$2,871,776
28.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.501
APR
$2,550,000
MAY JUN
MEDIAN SALES PRICE
JUL
$937
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
13.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,480,000
$1,560,000
$1,750,000
$1,780,000
20.3%
Average Price per Square Foot ..............
$762
$751
$845
$789
3.5%
Properties Sold ...................................
20
19
11
19
-5.0%
Properties Pending Sale .......................
31
15
13
25
-19.4%
Properties For Sale ..............................
94
88
65
75
-20.2%
Days on Market (Pending Sale) .............
58
27
51
35
-39.7%
Month’s Supply of Inventory .................
4.7
4.6
5.9
3.9
-16.0%
Percent Under Contract .......................
33.0%
17.0%
20.0%
33.3%
1.1%
$1,543,917
$1,709,990
$1,846,479
$1,714,138
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.480
APR
$1,780,000
MAY JUN
MEDIAN SALES PRICE
JUL
$789
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEVERLY HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$4,650,000
$6,600,000
$3,475,000
$6,409,000
37.8%
Average Price per Square Foot ..............
$1,368
$1,608
$1,234
$1,829
33.7%
Properties Sold ...................................
14
11
9
17
21.4%
Properties Pending Sale .......................
16
11
7
9
-43.8%
Properties For Sale ..............................
101
117
94
98
-3.0%
Days on Market (Pending Sale) .............
45
75
115
29
-35.6%
Month’s Supply of Inventory .................
7.2
10.6
10.4
5.8
-20.1%
Percent Under Contract .......................
15.8%
9.4%
7.4%
9.2%
-42.0%
$4,892,138
$5,793,042
$5,534,333
$5,466,635
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$4.650
APR
$6,409,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,829
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$6.409 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEVERLY HILLS- POST OFFICE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,326,000
$4,400,000
$3,475,000
$2,095,000
-9.9%
Average Price per Square Foot ..............
$875
$921
$1,077
$886
1.3%
Properties Sold ...................................
5
11
9
13
160.0%
Properties Pending Sale .......................
12
15
9
11
-8.3%
Properties For Sale ..............................
172
156
144
137
-20.3%
Days on Market (Pending Sale) .............
58
62
69
63
8.6%
Month’s Supply of Inventory .................
34.4
14.2
16
10.5
-69.4%
Percent Under Contract .......................
7.0%
9.6%
6.2%
8.0%
15.1%
$2,697,324
$2,821,750
$2,335,167
$3,342,250
19.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.326
APR
$2,095,000
MAY JUN
MEDIAN SALES PRICE
JUL
$886
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.095 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEVERLYWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,119,000
$1,270,000
$1,915,000
$1,610,000
43.9%
Average Price per Square Foot ..............
$721
$731
$799
$730
1.2%
Properties Sold ...................................
17
13
8
9
-47.1%
Properties Pending Sale .......................
22
15
10
19
-13.6%
Properties For Sale ..............................
52
52
38
50
-3.8%
Days on Market (Pending Sale) .............
20
26
30
39
95.0%
Month’s Supply of Inventory .................
3.1
4
4.8
5.6
81.6%
Percent Under Contract .......................
42.3%
28.8%
26.3%
38.0%
-10.2%
$1,227,278
$1,617,842
$1,568,183
$1,487,179
17.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.119
APR
$1,610,000
MAY JUN
MEDIAN SALES PRICE
JUL
$730
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.610 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BRENTWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$3,500,000
$2,755,000
$3,615,000
$3,525,000
0.7%
Average Price per Square Foot ..............
$986
$1,027
$1,067
$1,093
10.9%
Properties Sold ...................................
19
24
20
24
26.3%
Properties Pending Sale .......................
25
14
19
19
-24.0%
Properties For Sale ..............................
148
147
137
147
-0.7%
Days on Market (Pending Sale) .............
61
45
54
26
-57.4%
Month’s Supply of Inventory .................
7.8
6.1
6.8
6.1
-21.4%
Percent Under Contract .......................
16.9%
9.5%
13.9%
12.9%
-23.5%
$3,292,208
$3,438,258
$3,169,850
$3,240,786
-1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$3.500
APR
$3,525,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,093
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.525 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,660,000
$1,927,525
$1,818,750
$2,900,000
9.0%
Average Price per Square Foot ..............
$814
$925
$892
$883
8.5%
Properties Sold ...................................
13
7
6
7
-46.2%
Properties Pending Sale .......................
12
3
4
7
-41.7%
Properties For Sale ..............................
34
25
20
20
-41.2%
Days on Market (Pending Sale) .............
29
83
24
47
62.1%
Month’s Supply of Inventory .................
2.6
3.6
3.3
2.9
9.2%
Percent Under Contract .......................
35.3%
12.0%
20.0%
35.0%
-0.8%
$2,073,875
$2,079,208
$2,025,500
$2,104,444
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.660
APR
$2,900,000
MAY JUN
MEDIAN SALES PRICE
JUL
$883
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CULVER CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,236,000
$1,222,000
$1,145,000
$1,402,188
13.4%
Average Price per Square Foot ..............
$753
$817
$803
$893
18.6%
Properties Sold ...................................
17
23
17
18
5.9%
Properties Pending Sale .......................
18
18
15
31
72.2%
Properties For Sale ..............................
52
63
40
61
17.3%
Days on Market (Pending Sale) .............
29
27
37
31
6.9%
Month’s Supply of Inventory .................
3.1
2.7
2.4
3.4
10.8%
Percent Under Contract .......................
34.6%
28.6%
37.5%
50.8%
46.8%
$1,146,083
$1,285,198
$1,404,063
$1,235,745
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.236
APR
$1,402,188
MAY JUN
MEDIAN SALES PRICE
JUL
$893
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.402 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DOWNTOWN
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$365,000
$349,500
$395,000
$402,500
10.3%
Average Price per Square Foot ..............
$273
$343
$283
$420
53.8%
Properties Sold ...................................
15
6
16
8
-46.7%
Properties Pending Sale .......................
17
12
5
7
-58.8%
Properties For Sale ..............................
57
58
44
46
-19.3%
Days on Market (Pending Sale) .............
32
99
47
22
-31.2%
Month’s Supply of Inventory .................
3.8
9.7
2.8
5.8
51.3%
Percent Under Contract .......................
29.8%
20.7%
11.4%
15.2%
-49.0%
$338,289
$413,155
$386,310
$396,014
14.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$365
APR
$402,500
MAY JUN
MEDIAN SALES PRICE
JUL
$420
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$402 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HANCOCK PARK - WILSHIRE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,005,000
$2,368,750
$1,772,000
$1,585,000
-20.9%
Average Price per Square Foot ..............
$653
$799
$737
$742
13.6%
Properties Sold ...................................
18
28
25
19
5.6%
Properties Pending Sale .......................
32
24
11
29
-9.4%
Properties For Sale ..............................
103
102
73
101
-1.9%
Days on Market (Pending Sale) .............
30
44
50
47
56.7%
Month’s Supply of Inventory .................
5.7
3.6
2.9
5.3
-7.1%
Percent Under Contract .......................
31.1%
23.5%
15.1%
28.7%
-7.6%
$1,675,876
$1,651,588
$1,653,000
$1,687,733
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.005
MAR APR
$1,585,000
MAY JUN
MEDIAN SALES PRICE
JUL
$742
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.585 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HOLLYWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$850,000
$875,000
$992,500
$1,425,000
67.6%
Average Price per Square Foot ..............
$459
$587
$588
$634
38.1%
Properties Sold ...................................
7
8
10
8
14.3%
Properties Pending Sale .......................
13
14
5
7
-46.2%
Properties For Sale ..............................
44
46
36
48
9.1%
Days on Market (Pending Sale) .............
34
47
73
61
79.4%
Month’s Supply of Inventory .................
6.3
5.8
3.6
6
-4.5%
Percent Under Contract .......................
29.5%
30.4%
13.9%
14.6%
-50.6%
$990,087
$1,061,417
$1,057,500
$989,337
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$850
APR
$1,425,000
MAY JUN
MEDIAN SALES PRICE
JUL
$634
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.425 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HOLLYWOOD HILLS EAST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,606,250
$1,465,000
$1,614,500
$1,721,500
7.2%
Average Price per Square Foot ..............
$598
$613
$673
$618
3.3%
Properties Sold ...................................
11
16
16
14
27.3%
Properties Pending Sale .......................
17
12
7
16
-5.9%
Properties For Sale ..............................
93
73
65
67
-28.0%
Days on Market (Pending Sale) .............
57
38
63
51
-10.5%
Month’s Supply of Inventory .................
5.5
6.1
9.3
4.8
-12.5%
Percent Under Contract .......................
18.3%
16.4%
10.8%
23.9%
30.6%
$1,478,500
$1,484,500
$1,482,167
$1,489,150
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.606
MAR APR
$1,721,500
MAY JUN
MEDIAN SALES PRICE
JUL
$618
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.721 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
INGLEWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$522,500
$543,800
$570,000
$555,000
6.2%
Average Price per Square Foot ..............
$369
$414
$459
$457
23.8%
Properties Sold ...................................
26
20
16
31
19.2%
Properties Pending Sale .......................
30
19
15
31
3.3%
Properties For Sale ..............................
81
59
54
78
-3.7%
Days on Market (Pending Sale) .............
23
27
31
21
-8.7%
Month’s Supply of Inventory .................
2.7
3.1
3.6
2.5
-6.8%
Percent Under Contract .......................
37.0%
32.2%
27.8%
39.7%
7.3%
$468,950
$560,750
$570,667
$548,590
14.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$522
APR
$555,000
MAY JUN
MEDIAN SALES PRICE
JUL
$457
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$555 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LADERA HEIGHTS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,051,250
$1,292,500
$1,024,450
$1,210,000
15.1%
Average Price per Square Foot ..............
$457
$431
$492
$447
-2.2%
Properties Sold ...................................
6
4
6
8
33.3%
Properties Pending Sale .......................
10
10
2
8
-20.0%
Properties For Sale ..............................
26
28
18
17
-34.6%
Days on Market (Pending Sale) .............
37
60
35
25
-32.4%
Month’s Supply of Inventory .................
2.6
2.8
9
2.1
-18.3%
Percent Under Contract .......................
38.5%
35.7%
11.1%
47.1%
22.4%
$1,006,656
$1,249,050
$1,259,950
$1,177,619
14.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.051
APR
$1,210,000
MAY JUN
MEDIAN SALES PRICE
JUL
$447
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.210 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LAUREL CANYON
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,608,000
$1,380,000
$1,977,500
$1,798,750
11.9%
Average Price per Square Foot ..............
$725
$773
$749
$803
10.8%
Properties Sold ...................................
23
22
20
24
4.3%
Properties Pending Sale .......................
32
26
15
31
-3.1%
Properties For Sale ..............................
158
160
124
161
1.9%
Days on Market (Pending Sale) .............
43
94
56
36
-16.3%
Month’s Supply of Inventory .................
4.9
6.2
8.3
5.2
5.2%
Percent Under Contract .......................
20.3%
16.2%
12.1%
19.3%
-4.9%
$1,604,715
$1,950,625
$2,141,250
$1,819,077
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.608
APR
$1,798,750
MAY JUN
MEDIAN SALES PRICE
JUL
$803
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.798 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LOS FELIZ
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,175,000
$1,658,500
$1,800,000
$1,700,000
44.7%
Average Price per Square Foot ..............
$700
$680
$773
$689
-1.6%
Properties Sold ...................................
14
18
9
23
64.3%
Properties Pending Sale .......................
21
20
12
24
14.3%
Properties For Sale ..............................
101
95
69
73
-27.7%
Days on Market (Pending Sale) .............
52
46
67
38
-26.9%
Month’s Supply of Inventory .................
4.8
4.8
5.8
3.2
-34.0%
Percent Under Contract .......................
20.8%
21.1%
17.4%
32.9%
58.1%
$1,562,326
$1,769,167
$1,808,333
$1,685,269
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.175
APR
$1,700,000
MAY JUN
MEDIAN SALES PRICE
JUL
$689
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.700 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MALIBU
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,842,000
$2,280,000
$2,000,000
$2,830,000
-0.4%
Average Price per Square Foot ..............
$997
$865
$906
$906
-9.1%
Properties Sold ...................................
14
13
9
18
28.6%
Properties Pending Sale .......................
20
17
9
19
-5.0%
Properties For Sale ..............................
222
207
185
190
-14.4%
Days on Market (Pending Sale) .............
137
88
101
119
-13.1%
Month’s Supply of Inventory .................
15.9
15.9
20.6
10.6
-33.4%
Percent Under Contract .......................
9.0%
8.2%
4.9%
10.0%
11.0%
$2,597,417
$2,310,917
$2,191,833
$2,661,787
2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.842
APR
$2,830,000
MAY JUN
MEDIAN SALES PRICE
JUL
$906
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MALIBU BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$6,965,000
$7,000,000
$14,562,500
$11,000,000
57.9%
Average Price per Square Foot ..............
$2,127
$2,435
$2,638
$3,043
43.1%
Properties Sold ...................................
5
5
2
3
-40.0%
Properties Pending Sale .......................
2
6
5
6
200.0%
Properties For Sale ..............................
77
89
72
82
6.5%
Days on Market (Pending Sale) .............
50
187
133
74
48.0%
Month’s Supply of Inventory .................
15.4
17.8
36
27.3
77.5%
Percent Under Contract .......................
2.6%
6.7%
6.9%
7.3%
181.7%
$7,221,104
$9,118,551
$6,724,602
$8,417,677
14.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$6.965
APR
$11,000,000
MAY JUN
MEDIAN SALES PRICE
JUL
$3,043
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
27.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$11.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MARINA DEL REY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,512,000
$1,265,000
$2,540,500
$1,450,775
-4.0%
Average Price per Square Foot ..............
$785
$793
$815
$1,068
36.1%
Properties Sold ...................................
8
6
10
8
0.0%
Properties Pending Sale .......................
8
9
5
6
-25.0%
Properties For Sale ..............................
26
34
30
28
7.7%
Days on Market (Pending Sale) .............
48
60
76
19
-60.4%
Month’s Supply of Inventory .................
3.2
5.7
3
3.5
7.7%
Percent Under Contract .......................
30.8%
26.5%
16.7%
21.4%
-30.4%
$1,478,627
$1,749,379
$1,560,258
$1,523,983
3.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.512
APR
$1,450,775
MAY JUN
MEDIAN SALES PRICE
JUL
$1,068
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MID LOS ANGELES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$680,500
$780,000
$700,000
$799,000
17.4%
Average Price per Square Foot ..............
$439
$465
$495
$461
5.0%
Properties Sold ...................................
34
23
37
43
26.5%
Properties Pending Sale .......................
44
35
27
37
-15.9%
Properties For Sale ..............................
132
120
109
115
-12.9%
Days on Market (Pending Sale) .............
27
33
34
35
29.6%
Month’s Supply of Inventory .................
3.9
5.2
2.9
2.7
-31.1%
Percent Under Contract .......................
33.3%
29.2%
24.8%
32.2%
-3.5%
$630,352
$719,400
$737,800
$717,935
12.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$680
APR
$799,000
MAY JUN
MEDIAN SALES PRICE
JUL
$461
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$799 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MID WILSHIRE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$843,750
$1,270,000
$1,151,500
$1,032,500
22.4%
Average Price per Square Foot ..............
$498
$576
$582
$491
-1.4%
Properties Sold ...................................
6
1
2
8
33.3%
Properties Pending Sale .......................
10
0
1
4
-60.0%
Properties For Sale ..............................
33
18
25
20
-39.4%
Days on Market (Pending Sale) .............
43
0
38
37
-14.0%
Month’s Supply of Inventory .................
5.5
18
12.5
2.5
-54.5%
Percent Under Contract .......................
30.3%
0.0%
4.0%
20.0%
-34.0%
$856,200
$1,011,800
$1,103,750
$993,375
13.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$843
APR
$1,032,500
MAY JUN
MEDIAN SALES PRICE
JUL
$491
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.032 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PACIFIC PALISADES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,487,500
$3,017,500
$2,642,855
$3,927,500
57.9%
Average Price per Square Foot ..............
$936
$962
$1,045
$1,186
26.7%
Properties Sold ...................................
20
20
10
20
0.0%
Properties Pending Sale .......................
25
14
5
22
-12.0%
Properties For Sale ..............................
122
110
88
102
-16.4%
Days on Market (Pending Sale) .............
50
47
50
58
16.0%
Month’s Supply of Inventory .................
6.1
5.5
8.8
5.1
-16.4%
Percent Under Contract .......................
20.5%
12.7%
5.7%
21.6%
5.3%
$2,906,057
$3,214,367
$3,326,948
$3,220,460
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.487
APR
$3,927,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,186
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.927 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PALMS - MAR VISTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,315,000
$1,449,500
$1,565,000
$1,615,000
22.8%
Average Price per Square Foot ..............
$831
$806
$876
$808
-2.8%
Properties Sold ...................................
24
26
20
31
29.2%
Properties Pending Sale .......................
31
36
13
34
9.7%
Properties For Sale ..............................
83
104
64
72
-13.3%
Days on Market (Pending Sale) .............
32
31
43
27
-15.6%
Month’s Supply of Inventory .................
3.5
4
3.2
2.3
-32.8%
Percent Under Contract .......................
37.3%
34.6%
20.3%
47.2%
26.4%
$1,404,752
$1,568,335
$1,588,583
$1,512,487
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.315
APR
$1,615,000
MAY JUN
MEDIAN SALES PRICE
JUL
$808
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.615 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PLAYA DEL REY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,750,000
$1,617,000
$1,339,500
$1,745,000
-0.3%
Average Price per Square Foot ..............
$580
$859
$438
$660
13.8%
Properties Sold ...................................
7
5
1
5
-28.6%
Properties Pending Sale .......................
10
4
3
10
0.0%
Properties For Sale ..............................
20
20
21
33
65.0%
Days on Market (Pending Sale) .............
64
22
63
37
-42.2%
Month’s Supply of Inventory .................
2.9
4
21
6.6
131.0%
Percent Under Contract .......................
50.0%
20.0%
14.3%
30.3%
-39.4%
$1,414,542
$1,561,675
$1,758,925
$1,650,350
14.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.750
MAR APR
$1,745,000
MAY JUN
MEDIAN SALES PRICE
JUL
$660
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.745 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PLAYA VISTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,670,000
$2,292,500
$2,199,500
$2,060,250
23.4%
Average Price per Square Foot ..............
$0
$738
$718
$706
n/a
Properties Sold ...................................
1
4
4
2
100.0%
Properties Pending Sale .......................
1
1
0
3
200.0%
Properties For Sale ..............................
18
10
7
8
-55.6%
Days on Market (Pending Sale) .............
46
37
0
61
32.6%
Month’s Supply of Inventory .................
18
2.5
1.8
0.4
-97.9%
Percent Under Contract .......................
5.6%
10.0%
0.0%
37.5%
575.0%
$1,449,438
$2,657,870
$2,597,625
$2,334,326
61.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.670
APR
$2,060,250
MAY JUN
MEDIAN SALES PRICE
JUL
$706
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.060 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA MONICA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,805,000
$3,587,500
$3,169,000
$2,320,000
28.5%
Average Price per Square Foot ..............
$1,325
$1,225
$1,223
$1,018
-23.2%
Properties Sold ...................................
32
20
21
18
-43.8%
Properties Pending Sale .......................
25
18
13
21
-16.0%
Properties For Sale ..............................
87
91
81
92
5.7%
Days on Market (Pending Sale) .............
23
46
43
46
100.0%
Month’s Supply of Inventory .................
2.7
4.6
3.9
5.1
88.0%
Percent Under Contract .......................
28.7%
19.8%
16.0%
22.8%
-20.6%
$2,347,662
$2,950,208
$2,459,417
$2,790,135
15.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.805
APR
$2,320,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,018
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.320 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,763,888
$1,497,500
$1,915,000
$1,818,750
3.1%
Average Price per Square Foot ..............
$881
$898
$856
$854
-3.1%
Properties Sold ...................................
38
34
39
38
0.0%
Properties Pending Sale .......................
52
35
30
37
-28.8%
Properties For Sale ..............................
317
352
292
343
8.2%
Days on Market (Pending Sale) .............
46
83
54
48
4.3%
Month’s Supply of Inventory .................
8.3
10.4
7.5
9
8.2%
Percent Under Contract .......................
16.4%
9.9%
10.3%
10.8%
-34.2%
$1,751,145
$2,020,000
$2,141,250
$1,911,376
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.763
APR
$1,818,750
MAY JUN
MEDIAN SALES PRICE
JUL
$854
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.818 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
VENICE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,877,500
$2,332,500
$1,937,500
$2,337,000
24.5%
Average Price per Square Foot ..............
$1,031
$1,117
$1,171
$980
-4.9%
Properties Sold ...................................
22
14
14
12
-45.5%
Properties Pending Sale .......................
16
11
13
17
6.2%
Properties For Sale ..............................
84
93
74
94
11.9%
Days on Market (Pending Sale) .............
65
57
71
42
-35.4%
Month’s Supply of Inventory .................
3.8
6.6
5.3
7.8
105.2%
Percent Under Contract .......................
19.0%
11.8%
17.6%
18.1%
-5.1%
$1,818,978
$2,014,458
$2,079,667
$2,108,788
15.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.877
APR
$2,337,000
MAY JUN
MEDIAN SALES PRICE
JUL
$980
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.337 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST HOLLYWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,324,500
$1,975,000
$2,225,000
$1,837,500
38.7%
Average Price per Square Foot ..............
$702
$1,015
$872
$960
36.8%
Properties Sold ...................................
10
15
8
12
20.0%
Properties Pending Sale .......................
19
11
7
10
-47.4%
Properties For Sale ..............................
58
56
37
57
-1.7%
Days on Market (Pending Sale) .............
63
34
42
27
-57.1%
Month’s Supply of Inventory .................
5.8
3.7
4.6
4.8
-18.1%
Percent Under Contract .......................
32.8%
19.6%
18.9%
17.5%
-46.4%
$1,584,544
$1,973,958
$2,141,250
$1,823,335
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.324
APR
$1,837,500
MAY JUN
MEDIAN SALES PRICE
JUL
$960
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.837 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST LOS ANGELES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,125,000
$1,228,750
$1,352,500
$1,366,000
21.4%
Average Price per Square Foot ..............
$723
$716
$644
$750
3.7%
Properties Sold ...................................
8
12
10
10
25.0%
Properties Pending Sale .......................
14
10
5
10
-28.6%
Properties For Sale ..............................
41
36
32
46
12.2%
Days on Market (Pending Sale) .............
35
84
45
27
-22.9%
Month’s Supply of Inventory .................
5.1
3
3.2
4.6
-10.2%
Percent Under Contract .......................
34.1%
27.8%
15.6%
21.7%
-36.3%
$1,043,188
$1,331,596
$1,295,692
$1,253,640
20.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.125
APR
$1,366,000
MAY JUN
MEDIAN SALES PRICE
JUL
$750
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.366 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WESTCHESTER
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,075,000
$1,237,500
$1,215,000
$1,125,000
4.7%
Average Price per Square Foot ..............
$640
$664
$647
$738
15.3%
Properties Sold ...................................
21
20
27
28
33.3%
Properties Pending Sale .......................
26
27
28
24
-7.7%
Properties For Sale ..............................
83
91
67
70
-15.7%
Days on Market (Pending Sale) .............
24
42
31
19
-20.8%
Month’s Supply of Inventory .................
4
4.6
2.5
2.5
-36.7%
Percent Under Contract .......................
31.3%
29.7%
41.8%
34.3%
9.5%
$1,074,808
$1,161,257
$1,137,515
$1,163,003
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.075
APR
$1,125,000
MAY JUN
MEDIAN SALES PRICE
JUL
$738
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.125 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WESTWOOD - CENTURY CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,935,000
$3,108,500
$1,823,000
$2,712,500
40.2%
Average Price per Square Foot ..............
$863
$988
$905
$833
-3.5%
Properties Sold ...................................
15
10
10
12
-20.0%
Properties Pending Sale .......................
17
10
10
14
-17.6%
Properties For Sale ..............................
64
58
49
58
-9.4%
Days on Market (Pending Sale) .............
34
35
46
31
-8.8%
Month’s Supply of Inventory .................
4.3
5.8
4.9
4.8
13.3%
Percent Under Contract .......................
26.6%
17.2%
20.4%
24.1%
-9.1%
$1,903,344
$2,193,019
$2,434,333
$2,227,447
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.935
APR
$2,712,500
MAY JUN
MEDIAN SALES PRICE
JUL
$833
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.712 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SOUTH BAY MACRO MARKET
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,237,260
$1,275,321
$1,228,142
$1,301,173
5.2%
Average Price per Square Foot ..............
$672
$658
$670
$631
-6.2%
Properties Sold ...................................
213
273
443
225
5.6%
Properties Pending Sale .......................
263
240
124
275
4.6%
Properties For Sale ..............................
847
941
611
754
-11.0%
Days on Market (Pending Sale) .............
36
45
39
33
-9.1%
Month’s Supply of Inventory .................
4
3.4
1.4
3.4
-15.7%
Percent Under Contract .......................
31.1%
25.5%
20.3%
36.5%
17.5%
$1,253,366
$1,321,912
$1,315,350
$1,348,047
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.237
APR
$1,301,173
MAY JUN
MEDIAN SALES PRICE
JUL
$631
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.301 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
EL SEGUNDO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,235,000
$1,255,000
$1,226,000
$1,500,000
21.5%
Average Price per Square Foot ..............
$685
$714
$682
$785
14.6%
Properties Sold ...................................
8
7
6
9
12.5%
Properties Pending Sale .......................
8
8
2
10
25.0%
Properties For Sale ..............................
20
27
19
18
-10.0%
Days on Market (Pending Sale) .............
31
29
26
21
-32.3%
Month’s Supply of Inventory .................
2.5
0
3.2
2
-20.0%
Percent Under Contract .......................
40.0%
29.6%
10.5%
55.6%
38.9%
$1,308,215
$1,401,333
$1,520,833
$1,327,346
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.235
APR
$1,500,000
MAY JUN
MEDIAN SALES PRICE
JUL
$785
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.500 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HERMOSA BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,066,150
$2,355,000
$2,002,500
$1,927,000
-6.7%
Average Price per Square Foot ..............
$1,178
$1,294
$1,596
$883
-25.0%
Properties Sold ...................................
10
8
10
6
-40.0%
Properties Pending Sale .......................
10
7
5
11
10.0%
Properties For Sale ..............................
41
45
29
40
-2.4%
Days on Market (Pending Sale) .............
55
57
37
37
-32.7%
Month’s Supply of Inventory .................
4.1
5.6
2.9
6.7
62.6%
Percent Under Contract .......................
24.4%
15.6%
17.2%
27.5%
12.8%
$1,718,742
$1,867,417
$1,800,667
$1,994,204
16.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.066
APR
$1,927,000
MAY JUN
MEDIAN SALES PRICE
JUL
$883
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.927 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MANHATTAN BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,695,000
$2,104,500
$2,600,000
$2,240,000
-16.9%
Average Price per Square Foot ..............
$1,118
$1,306
$1,068
$1,049
-6.2%
Properties Sold ...................................
24
28
23
27
12.5%
Properties Pending Sale .......................
45
21
18
36
-20.0%
Properties For Sale ..............................
156
147
89
109
-30.1%
Days on Market (Pending Sale) .............
38
73
66
32
-15.8%
Month’s Supply of Inventory .................
6.5
5.2
3.9
4
-37.9%
Percent Under Contract .......................
28.8%
14.3%
20.2%
33.0%
14.5%
$2,253,125
$2,494,167
$2,268,333
$2,453,192
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.695
APR
$2,240,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,049
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.240 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PALOS VERDES ESTATES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,577,500
$1,750,000
$1,841,000
$1,984,000
25.8%
Average Price per Square Foot ..............
$776
$714
$750
$734
-5.4%
Properties Sold ...................................
24
25
10
20
-16.7%
Properties Pending Sale .......................
20
11
11
16
-20.0%
Properties For Sale ..............................
85
83
59
76
-10.6%
Days on Market (Pending Sale) .............
47
54
75
61
29.8%
Month’s Supply of Inventory .................
3.5
3.3
5.9
3.8
7.3%
Percent Under Contract .......................
23.5%
13.3%
18.6%
21.1%
-10.5%
$1,900,154
$1,737,542
$1,758,833
$1,870,135
-1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.577
APR
$1,984,000
MAY JUN
MEDIAN SALES PRICE
JUL
$734
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.984 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
RANCHO PALOS VERDES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,327,500
$1,200,000
$1,245,000
$1,350,000
1.7%
Average Price per Square Foot ..............
$562
$580
$592
$524
-6.8%
Properties Sold ...................................
22
35
30
29
31.8%
Properties Pending Sale .......................
38
40
18
46
21.1%
Properties For Sale ..............................
133
152
105
133
0.0%
Days on Market (Pending Sale) .............
44
42
46
29
-34.1%
Month’s Supply of Inventory .................
6
4.3
3.5
4.6
-24.1%
Percent Under Contract .......................
28.6%
26.3%
17.1%
34.6%
21.1%
$1,265,917
$1,312,588
$1,340,842
$1,368,540
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.327
APR
$1,350,000
MAY JUN
MEDIAN SALES PRICE
JUL
$524
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.350 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
REDONDO BEACH- NORTH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$895,000
$1,087,500
$1,014,000
$979,000
9.4%
Average Price per Square Foot ..............
$672
$579
$605
$666
-0.9%
Properties Sold ...................................
17
18
18
11
-35.3%
Properties Pending Sale .......................
16
14
8
19
18.8%
Properties For Sale ..............................
42
42
27
32
-23.8%
Days on Market (Pending Sale) .............
44
21
26
9
-79.5%
Month’s Supply of Inventory .................
2.5
2.3
1.5
2.9
17.7%
Percent Under Contract .......................
38.1%
33.3%
29.6%
59.4%
55.9%
$945,083
$1,010,000
$1,024,667
$991,462
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$895
APR
$979,000
MAY JUN
MEDIAN SALES PRICE
JUL
$666
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$979 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
REDONDO BEACH- SOUTH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,360,500
$1,400,000
$1,325,000
$1,650,000
21.3%
Average Price per Square Foot ..............
$813
$695
$663
$696
-14.4%
Properties Sold ...................................
14
19
16
20
42.9%
Properties Pending Sale .......................
10
15
9
24
140.0%
Properties For Sale ..............................
47
56
35
53
12.8%
Days on Market (Pending Sale) .............
35
28
56
30
-14.3%
Month’s Supply of Inventory .................
3.4
2.9
2.2
2.6
-21.1%
Percent Under Contract .......................
21.3%
26.8%
25.7%
45.3%
112.8%
$1,359,831
$1,535,563
$1,539,958
$1,482,529
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.360
APR
$1,650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$696
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ROLLING HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,950,000
$0
$0
$2,062,500
5.8%
Average Price per Square Foot ..............
$908
$0
$0
$616
-32.2%
Properties Sold ...................................
1
0
239
2
100.0%
Properties Pending Sale .......................
2
5
3
2
0.0%
Properties For Sale ..............................
29
33
30
31
6.9%
Days on Market (Pending Sale) .............
58
104
0
94
62.1%
Month’s Supply of Inventory .................
29
n/a
0.1
15.5
-46.6%
Percent Under Contract .......................
6.9%
15.2%
10.0%
6.5%
-6.5%
$2,367,396
$2,772,400
$2,404,167
$2,716,950
14.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.950
APR
$2,062,500
MAY JUN
MEDIAN SALES PRICE
JUL
$616
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
15.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.062 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ROLLING HILLS ESTATES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,250,000
$2,200,000
$1,340,000
$1,848,000
47.8%
Average Price per Square Foot ..............
$566
$557
$618
$552
-2.5%
Properties Sold ...................................
7
6
3
7
0.0%
Properties Pending Sale .......................
3
6
3
7
133.3%
Properties For Sale ..............................
23
36
19
24
4.3%
Days on Market (Pending Sale) .............
25
64
66
48
92.0%
Month’s Supply of Inventory .................
3.3
6
6.3
3.4
4.3%
Percent Under Contract .......................
13.0%
16.7%
15.8%
29.2%
123.6%
$1,553,125
$1,567,250
$1,755,167
$1,561,692
0.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.250
APR
$1,848,000
MAY JUN
MEDIAN SALES PRICE
JUL
$552
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.848 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN PEDRO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$637,500
$637,500
$607,500
$620,000
-2.7%
Average Price per Square Foot ..............
$434
$384
$442
$461
6.2%
Properties Sold ...................................
28
46
26
35
25.0%
Properties Pending Sale .......................
41
35
14
33
-19.5%
Properties For Sale ..............................
115
126
81
89
-22.6%
Days on Market (Pending Sale) .............
40
36
56
26
-35.0%
Month’s Supply of Inventory .................
4.1
2.7
3.1
2.5
-38.1%
Percent Under Contract .......................
35.7%
27.8%
17.3%
37.1%
4.0%
$621,600
$642,083
$662,500
$655,038
5.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$637
APR
$620,000
MAY JUN
MEDIAN SALES PRICE
JUL
$461
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$620 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TORRANCE- COUNTY STRIP
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$535,250
$503,500
$575,000
$609,000
13.8%
Average Price per Square Foot ..............
$396
$393
$335
$439
10.9%
Properties Sold ...................................
10
6
4
7
-30.0%
Properties Pending Sale .......................
4
4
2
5
25.0%
Properties For Sale ..............................
15
15
11
11
-26.7%
Days on Market (Pending Sale) .............
14
53
13
23
64.3%
Month’s Supply of Inventory .................
1.5
2.5
2.8
1.6
4.8%
Percent Under Contract .......................
26.7%
26.7%
18.2%
45.5%
70.5%
$513,763
$545,583
$527,167
$534,981
4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$535
APR
$609,000
MAY JUN
MEDIAN SALES PRICE
JUL
$439
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$609 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TORRANCE- NORTH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$630,000
$682,000
$675,000
$720,000
14.3%
Average Price per Square Foot ..............
$464
$499
$487
$484
4.3%
Properties Sold ...................................
17
20
19
11
-35.3%
Properties Pending Sale .......................
20
21
12
15
-25.0%
Properties For Sale ..............................
30
41
26
36
20.0%
Days on Market (Pending Sale) .............
26
24
30
26
0.0%
Month’s Supply of Inventory .................
1.8
2
1.4
3.3
85.5%
Percent Under Contract .......................
66.7%
51.2%
46.2%
41.7%
-37.5%
$626,771
$692,792
$711,583
$682,942
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$630
APR
$720,000
MAY JUN
MEDIAN SALES PRICE
JUL
$484
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$720 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TORRANCE- SOUTH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$849,500
$1,030,000
$1,039,000
$1,050,000
23.6%
Average Price per Square Foot ..............
$512
$522
$522
$538
5.1%
Properties Sold ...................................
14
27
19
17
21.4%
Properties Pending Sale .......................
21
26
6
18
-14.3%
Properties For Sale ..............................
46
69
29
40
-13.0%
Days on Market (Pending Sale) .............
26
32
17
18
-30.8%
Month’s Supply of Inventory .................
3.3
2.6
1.5
2.4
-28.4%
Percent Under Contract .......................
45.7%
37.7%
20.7%
45.0%
-1.4%
$897,019
$967,083
$998,833
$954,038
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$849
APR
$1,050,000
MAY JUN
MEDIAN SALES PRICE
JUL
$538
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TORRANCE- SOUTHEAST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$630,000
$757,000
$773,990
$690,000
9.5%
Average Price per Square Foot ..............
$423
$428
$422
$475
12.3%
Properties Sold ...................................
8
12
7
11
37.5%
Properties Pending Sale .......................
7
13
6
15
114.3%
Properties For Sale ..............................
31
38
31
32
3.2%
Days on Market (Pending Sale) .............
24
34
21
25
4.2%
Month’s Supply of Inventory .................
3.9
3.2
4.4
2.9
-24.9%
Percent Under Contract .......................
22.6%
34.2%
19.4%
46.9%
107.6%
$643,104
$738,082
$710,667
$718,922
11.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$630
APR
$690,000
MAY JUN
MEDIAN SALES PRICE
JUL
$475
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$690 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TORRANCE- WEST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$920,000
$892,500
$930,000
$908,000
-1.3%
Average Price per Square Foot ..............
$573
$544
$604
$558
-2.6%
Properties Sold ...................................
9
16
13
13
44.4%
Properties Pending Sale .......................
18
14
7
18
0.0%
Properties For Sale ..............................
34
31
21
30
-11.8%
Days on Market (Pending Sale) .............
33
23
12
12
-63.6%
Month’s Supply of Inventory .................
3.8
1.9
1.6
2.3
-38.9%
Percent Under Contract .......................
52.9%
45.2%
33.3%
60.0%
13.3%
$826,646
$905,500
$912,667
$908,731
9.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $920
MAR APR
$908,000
MAY JUN
MEDIAN SALES PRICE
JUL
$558
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$908 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,058,875
$983,706
$1,047,882
$1,127,706
6.5%
Average Price per Square Foot ..............
$454
$465
$475
$498
9.7%
Properties Sold ...................................
28
32
26
28
-2.3%
Properties Pending Sale .......................
32
32
23
32
1.7%
Properties For Sale ..............................
53
70
42
57
7.9%
Days on Market (Pending Sale) .............
60
59
54
52
-13.5%
Month’s Supply of Inventory .................
1.9
2.2
1.6
2.1
10.4%
Percent Under Contract .......................
60.7%
45.5%
53.7%
57.2%
-5.7%
$907,089
$1,015,980
$1,026,686
$971,897
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.058
MAR APR
$1,127,706
MAY JUN
MEDIAN SALES PRICE
JUL
$498
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.127 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
AGOURA HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,075,000
$921,000
$1,065,000
$845,000
-21.4%
Average Price per Square Foot ..............
$371
$386
$411
$382
3.0%
Properties Sold ...................................
16
26
17
19
18.8%
Properties Pending Sale .......................
25
23
15
12
-52.0%
Properties For Sale ..............................
38
67
48
53
39.5%
Days on Market (Pending Sale) .............
81
64
65
70
-13.6%
Month’s Supply of Inventory .................
2.4
2.6
2.8
2.8
17.5%
Percent Under Contract .......................
65.8%
34.3%
31.2%
22.6%
-65.6%
$869,500
$913,333
$878,333
$978,769
12.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.075
MAR APR
$845,000
MAY JUN
MEDIAN SALES PRICE
JUL
$382
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$845 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BURBANK
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$748,000
$818,000
$880,000
$851,000
13.8%
Average Price per Square Foot ..............
$498
$518
$520
$556
11.6%
Properties Sold ...................................
55
46
45
54
-1.8%
Properties Pending Sale .......................
54
51
36
46
-14.8%
Properties For Sale ..............................
61
81
25
51
-16.4%
Days on Market (Pending Sale) .............
55
42
39
30
-45.5%
Month’s Supply of Inventory .................
1.1
1.8
0.6
0.9
-14.8%
Percent Under Contract .......................
88.5%
63.0%
144.0%
90.2%
1.9%
$755,083
$826,667
$828,000
$801,846
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$748
APR
$851,000
MAY JUN
MEDIAN SALES PRICE
JUL
$556
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$851 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CALABASAS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,780,000
$1,317,000
$1,513,000
$1,185,000
-33.4%
Average Price per Square Foot ..............
$454
$446
$435
$503
10.8%
Properties Sold ...................................
14
25
16
21
50.0%
Properties Pending Sale .......................
34
22
9
34
0.0%
Properties For Sale ..............................
79
97
49
88
11.4%
Days on Market (Pending Sale) .............
66
68
108
65
-1.5%
Month’s Supply of Inventory .................
5.6
3.9
3.1
4.2
-25.7%
Percent Under Contract .......................
43.0%
22.7%
18.4%
38.6%
-10.2%
$1,420,750
$1,399,667
$1,415,000
$1,395,462
-1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.780
MAR APR
$1,185,000
MAY JUN
MEDIAN SALES PRICE
JUL
$503
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.185 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ENCINO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,290,000
$1,608,000
$1,599,000
$1,459,000
13.1%
Average Price per Square Foot ..............
$474
$511
$572
$531
12.0%
Properties Sold ...................................
53
34
31
33
-37.7%
Properties Pending Sale .......................
48
42
33
52
8.3%
Properties For Sale ..............................
95
108
65
86
-9.5%
Days on Market (Pending Sale) .............
52
66
52
54
3.8%
Month’s Supply of Inventory .................
1.8
3.2
2.1
2.6
45.4%
Percent Under Contract .......................
50.5%
38.9%
50.8%
60.5%
19.7%
$1,250,667
$1,490,333
$1,598,000
$1,407,231
12.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.290
APR
$1,459,000
MAY JUN
MEDIAN SALES PRICE
JUL
$531
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.459 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
GLENDALE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,250,000
$887,000
$982,000
$964,000
-22.9%
Average Price per Square Foot ..............
$511
$510
$514
$484
-5.3%
Properties Sold ...................................
35
78
52
28
-20.0%
Properties Pending Sale .......................
56
77
53
40
-28.6%
Properties For Sale ..............................
88
97
68
80
-9.1%
Days on Market (Pending Sale) .............
50
51
33
66
32.0%
Month’s Supply of Inventory .................
1.1
1.9
1
2.5
128.9%
Percent Under Contract .......................
101.3%
58.4%
79.3%
63.6%
-37.2%
Average Median Price for Last 12 Months
$869,667
$929,000
$918,667
$919,333
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
$888
APR
$964,000
MAY JUN
MEDIAN SALES PRICE
JUL
$484
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LA CRESCENTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$854,000
$877,000
$833,000
$859,000
0.6%
Average Price per Square Foot ..............
$514
$494
$530
$507
-1.4%
Properties Sold ...................................
16
23
14
21
31.2%
Properties Pending Sale .......................
16
22
17
23
43.8%
Properties For Sale ..............................
15
22
14
15
0.0%
Days on Market (Pending Sale) .............
32
47
44
38
18.8%
Month’s Supply of Inventory .................
0.9
1
1
0.7
-23.8%
Percent Under Contract .......................
106.7%
100.0%
121.4%
153.3%
43.8%
Average Median Price for Last 12 Months
$811,167
$873,333
$921,333
$863,385
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
$854
APR
$859,000
MAY JUN
MEDIAN SALES PRICE
JUL
$507
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$859 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NORTH HOLLYWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$560,000
$605,000
$613,000
$670,000
19.6%
Average Price per Square Foot ..............
$393
$460
$451
$447
13.7%
Properties Sold ...................................
29
38
34
27
-6.9%
Properties Pending Sale .......................
45
23
25
28
-37.8%
Properties For Sale ..............................
44
65
32
45
2.3%
Days on Market (Pending Sale) .............
49
46
32
37
-24.5%
Month’s Supply of Inventory .................
1.5
1.7
0.9
1.7
9.8%
Percent Under Contract .......................
102.3%
35.4%
78.1%
62.2%
-39.2%
Average Median Price for Last 12 Months
$531,333
$616,833
$636,000
$597,000
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$560
APR
$670,000
MAY JUN
MEDIAN SALES PRICE
JUL
$447
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$670 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SHADOW HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$825,000
$960,000
$1,183,000
$900,000
9.1%
Average Price per Square Foot ..............
$313
$282
$282
$374
19.5%
Properties Sold ...................................
5
3
1
7
40.0%
Properties Pending Sale .......................
3
4
0
8
166.7%
Properties For Sale ..............................
10
8
14
11
10.0%
Days on Market (Pending Sale) .............
61
100
24
31
-49.2%
Month’s Supply of Inventory .................
2
2.7
14
1.6
-21.4%
Percent Under Contract .......................
30.0%
50.0%
0.0%
72.7%
142.4%
$715,250
$614,833
$300,000
$764,385
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$825
APR
$900,000
MAY JUN
MEDIAN SALES PRICE
JUL
$374
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SHERMAN OAKS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,100,000
$1,095,000
$1,280,000
$1,325,000
20.5%
Average Price per Square Foot ..............
$492
$516
$548
$590
19.9%
Properties Sold ...................................
72
60
39
51
-29.2%
Properties Pending Sale .......................
63
54
33
60
-4.8%
Properties For Sale ..............................
97
133
67
102
5.2%
Days on Market (Pending Sale) .............
84
61
63
46
-45.2%
Month’s Supply of Inventory .................
1.3
2.2
1.7
2
48.5%
Percent Under Contract .......................
64.9%
40.6%
49.3%
58.8%
-9.4%
$1,166,167
$1,230,667
$1,258,000
$1,183,385
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.100
APR
$1,325,000
MAY JUN
MEDIAN SALES PRICE
JUL
$590
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.325 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
STUDIO CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,600,000
$1,263,000
$1,220,000
$1,580,000
-1.2%
Average Price per Square Foot ..............
$558
$575
$654
$648
16.1%
Properties Sold ...................................
31
28
29
33
6.5%
Properties Pending Sale .......................
45
39
19
34
-24.4%
Properties For Sale ..............................
67
77
54
60
-10.4%
Days on Market (Pending Sale) .............
58
61
65
44
-24.1%
Month’s Supply of Inventory .................
2.2
2.8
1.9
1.8
-15.9%
Percent Under Contract .......................
67.2%
50.6%
35.2%
56.7%
-15.6%
$1,425,167
$1,464,167
$1,603,333
$1,427,231
0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.600
APR
$1,580,000
MAY JUN
MEDIAN SALES PRICE
JUL
$648
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SUN VALLEY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$472,000
$573,000
$596,000
$545,000
15.5%
Average Price per Square Foot ..............
$423
$450
$398
$391
-7.6%
Properties Sold ...................................
14
22
15
21
50.0%
Properties Pending Sale .......................
19
21
17
22
15.8%
Properties For Sale ..............................
17
23
19
20
17.6%
Days on Market (Pending Sale) .............
59
46
40
42
-28.8%
Month’s Supply of Inventory .................
1.2
1
1.3
1
-21.6%
Percent Under Contract .......................
111.8%
91.3%
89.5%
110.0%
-1.6%
Average Median Price for Last 12 Months
$485,000
$549,167
$541,333
$539,385
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
$472
APR
$545,000
MAY JUN
MEDIAN SALES PRICE
JUL
$391
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$545 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SUNLAND/TUJUNGA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$639,000
$554,000
$584,000
$612,000
-4.2%
Average Price per Square Foot ..............
$316
$391
$432
$462
46.2%
Properties Sold ...................................
17
16
14
10
-41.2%
Properties Pending Sale .......................
17
16
16
16
-5.9%
Properties For Sale ..............................
17
28
12
15
-11.8%
Days on Market (Pending Sale) .............
41
44
27
68
65.9%
Month’s Supply of Inventory .................
1
1.8
0.9
1.5
50.0%
Percent Under Contract .......................
100.0%
57.1%
133.3%
106.7%
6.7%
Average Median Price for Last 12 Months
$565,500
$572,667
$608,667
$589,308
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 $639
MAR APR
$612,000
MAY JUN
MEDIAN SALES PRICE
JUL
$462
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$612 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TARZANA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,079,000
$1,175,000
$966,000
$1,125,000
4.3%
Average Price per Square Foot ..............
$384
$403
$407
$409
6.5%
Properties Sold ...................................
28
31
21
35
25.0%
Properties Pending Sale .......................
29
27
16
31
6.9%
Properties For Sale ..............................
64
85
62
79
23.4%
Days on Market (Pending Sale) .............
106
60
63
49
-53.8%
Month’s Supply of Inventory .................
2.3
2.7
3
2.3
-1.2%
Percent Under Contract .......................
45.3%
31.8%
25.8%
39.2%
-13.4%
$1,038,583
$1,051,500
$1,059,333
$1,060,308
2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.079
APR
$1,125,000
MAY JUN
MEDIAN SALES PRICE
JUL
$409
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.125 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TOLUCA LAKE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,068,000
$1,008,000
$1,425,000
$2,368,000
121.7%
Average Price per Square Foot ..............
$712
$557
$547
$689
-3.2%
Properties Sold ...................................
6
4
9
2
-66.7%
Properties Pending Sale .......................
8
5
5
6
-25.0%
Properties For Sale ..............................
15
15
11
15
0.0%
Days on Market (Pending Sale) .............
49
83
89
69
40.8%
Month’s Supply of Inventory .................
2.5
3.8
1.2
7.5
200.0%
Percent Under Contract .......................
53.3%
33.3%
45.5%
40.0%
-25.0%
$1,355,750
$1,581,000
$1,683,667
$1,591,692
17.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.068
APR
$2,368,000
MAY JUN
MEDIAN SALES PRICE
JUL
$689
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.368 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
VALLEY VILLAGE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$878,000
$925,000
$1,045,000
$1,074,000
22.3%
Average Price per Square Foot ..............
$455
$576
$530
$618
35.8%
Properties Sold ...................................
17
13
15
14
-17.6%
Properties Pending Sale .......................
17
19
10
15
-11.8%
Properties For Sale ..............................
27
26
7
18
-33.3%
Days on Market (Pending Sale) .............
64
38
48
55
-14.1%
Month’s Supply of Inventory .................
1.6
2
0.5
1.3
-19.0%
Percent Under Contract .......................
63.0%
73.1%
142.9%
83.3%
32.4%
$908,083
$1,004,500
$995,333
$983,077
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$878
APR
$1,074,000
MAY JUN
MEDIAN SALES PRICE
JUL
$618
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.074 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WESTLAKE VILLAGE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,487,000
$1,352,000
$1,190,000
$1,618,000
8.8%
Average Price per Square Foot ..............
$456
$456
$455
$470
3.1%
Properties Sold ...................................
39
33
23
28
-28.2%
Properties Pending Sale .......................
44
31
23
39
-11.4%
Properties For Sale ..............................
98
97
80
102
4.1%
Days on Market (Pending Sale) .............
53
82
68
68
28.3%
Month’s Supply of Inventory .................
2.5
2.9
3.5
3.6
45.0%
Percent Under Contract .......................
44.9%
32.0%
28.7%
38.2%
-14.8%
$1,250,917
$1,252,833
$1,232,000
$1,218,615
-2.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.487
APR
$1,618,000
MAY JUN
MEDIAN SALES PRICE
JUL
$470
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.618 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WOODLAND HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,487,000
$785,000
$840,000
$905,000
-39.1%
Average Price per Square Foot ..............
$456
$373
$381
$382
-16.2%
Properties Sold ...................................
39
65
63
57
46.2%
Properties Pending Sale .......................
44
65
59
70
59.1%
Properties For Sale ..............................
98
160
92
117
19.4%
Days on Market (Pending Sale) .............
53
47
63
69
30.2%
Month’s Supply of Inventory .................
2.5
2.5
1.5
2.1
-18.3%
Percent Under Contract .......................
44.9%
40.6%
64.1%
59.8%
33.3%
$821,833
$853,500
$881,333
$879,000
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.487
MAR APR
$905,000
MAY JUN
MEDIAN SALES PRICE
JUL
$382
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$905 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,088,083
$1,046,167
$981,667
$1,144,417
5.2%
Average Price per Square Foot ..............
$540
$554
$559
$581
7.4%
Properties Sold ...................................
22
23
24
23
2.3%
Properties Pending Sale .......................
25
23
22
28
11.7%
Properties For Sale ..............................
57
58
43
53
-7.0%
Days on Market (Pending Sale) .............
51
38
48
49
-3.1%
Month’s Supply of Inventory .................
2.6
2.5
1.8
2.3
-9.1%
Percent Under Contract .......................
43.9%
40.6%
51.5%
52.8%
20.1%
$1,049,507
$1,089,722
$1,127,528
$1,075,673
2.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.088
MAR APR
$1,144,417
MAY JUN
MEDIAN SALES PRICE
JUL
$581
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.144 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ALHAMBRA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$630,000
$674,000
$700,000
$798,000
26.7%
Average Price per Square Foot ..............
$423
$502
$490
$503
18.9%
Properties Sold ...................................
22
16
13
14
-36.4%
Properties Pending Sale .......................
23
20
8
16
-30.4%
Properties For Sale ..............................
30
14
23
25
-16.7%
Days on Market (Pending Sale) .............
63
18
28
30
-52.4%
Month’s Supply of Inventory .................
1.4
0.9
1.8
1.8
31.0%
Percent Under Contract .......................
76.7%
142.9%
34.8%
64.0%
-16.5%
$627,250
$716,333
$747,333
$691,846
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$630
APR
$798,000
MAY JUN
MEDIAN SALES PRICE
JUL
$503
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$798 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ALTADENA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$780,000
$862,000
$773,000
$765,000
-1.9%
Average Price per Square Foot ..............
$476
$516
$467
$508
6.7%
Properties Sold ...................................
32
26
20
39
21.9%
Properties Pending Sale .......................
32
41
29
43
34.4%
Properties For Sale ..............................
45
55
26
49
8.9%
Days on Market (Pending Sale) .............
49
33
38
36
-26.5%
Month’s Supply of Inventory .................
1.4
2.1
1.3
1.3
-10.7%
Percent Under Contract .......................
71.1%
74.5%
111.5%
87.8%
23.4%
$753,667
$804,167
$817,000
$816,769
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$780
APR
$765,000
MAY JUN
MEDIAN SALES PRICE
JUL
$508
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$765 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ARCADIA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,050,000
$1,169,000
$1,414,000
$1,510,000
43.8%
Average Price per Square Foot ..............
$577
$517
$581
$599
3.8%
Properties Sold ...................................
33
40
32
33
0.0%
Properties Pending Sale .......................
45
40
29
47
4.4%
Properties For Sale ..............................
195
222
152
197
1.0%
Days on Market (Pending Sale) .............
47
48
49
71
51.1%
Month’s Supply of Inventory .................
5.9
5.6
4.8
6
1.0%
Percent Under Contract .......................
23.1%
18.0%
19.1%
23.9%
3.4%
$1,284,750
$1,437,333
$1,510,000
$1,307,462
1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.050
APR
$1,510,000
MAY JUN
MEDIAN SALES PRICE
JUL
$599
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.510 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DUARTE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$460,000
$580,000
$530,000
$643,000
39.8%
Average Price per Square Foot ..............
$380
$390
$385
$361
-5.0%
Properties Sold ...................................
12
17
13
14
16.7%
Properties Pending Sale .......................
15
21
7
15
0.0%
Properties For Sale ..............................
25
17
21
12
-52.0%
Days on Market (Pending Sale) .............
54
33
26
48
-11.1%
Month’s Supply of Inventory .................
2.1
1
1.6
0.9
-58.9%
Percent Under Contract .......................
60.0%
123.5%
33.3%
125.0%
108.3%
$482,500
$531,333
$555,000
$517,231
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$460
APR
$643,000
MAY JUN
MEDIAN SALES PRICE
JUL
$361
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$643 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
EAGLE ROCK
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$850,000
$678,000
$863,000
$857,000
0.8%
Average Price per Square Foot ..............
$532
$533
$540
$583
9.6%
Properties Sold ...................................
9
6
22
13
44.4%
Properties Pending Sale .......................
7
6
23
14
100.0%
Properties For Sale ..............................
11
9
16
21
90.9%
Days on Market (Pending Sale) .............
51
51
39
26
-49.0%
Month’s Supply of Inventory .................
1.2
1.5
0.7
1.6
32.2%
Percent Under Contract .......................
63.6%
66.7%
143.8%
66.7%
4.8%
$796,333
$926,167
$935,333
$857,615
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$850
APR
$857,000
MAY JUN
MEDIAN SALES PRICE
JUL
$583
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$857 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LA CANADA FLINTRIDGE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,818,000
$1,588,000
$1,011,000
$2,079,000
14.4%
Average Price per Square Foot ..............
$672
$662
$625
$688
2.4%
Properties Sold ...................................
26
19
39
15
-42.3%
Properties Pending Sale .......................
25
14
37
24
-4.0%
Properties For Sale ..............................
52
44
41
50
-3.8%
Days on Market (Pending Sale) .............
30
60
44
33
10.0%
Month’s Supply of Inventory .................
2
2.3
1.1
3.3
66.7%
Percent Under Contract .......................
48.1%
31.8%
90.2%
48.0%
-0.2%
$1,757,667
$1,745,000
$1,868,000
$1,756,154
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.818
APR
$2,079,000
MAY JUN
MEDIAN SALES PRICE
JUL
$688
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.079 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MONROVIA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$707,000
$769,000
$795,000
$713,000
0.8%
Average Price per Square Foot ..............
$450
$446
$498
$499
10.9%
Properties Sold ...................................
19
18
48
22
15.8%
Properties Pending Sale .......................
18
28
45
19
5.6%
Properties For Sale ..............................
42
46
40
31
-26.2%
Days on Market (Pending Sale) .............
25
38
41
27
8.0%
Month’s Supply of Inventory .................
2.2
2.6
0.8
1.4
-36.3%
Percent Under Contract .......................
42.9%
60.9%
112.5%
61.3%
43.0%
$645,333
$706,333
$689,667
$710,231
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$707
APR
$713,000
MAY JUN
MEDIAN SALES PRICE
JUL
$499
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$713 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PASADENA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$785,000
$917,000
$983,000
$1,100,000
40.1%
Average Price per Square Foot ..............
$585
$571
$607
$587
0.3%
Properties Sold ...................................
68
78
56
69
1.5%
Properties Pending Sale .......................
76
64
43
96
26.3%
Properties For Sale ..............................
172
142
110
154
-10.5%
Days on Market (Pending Sale) .............
52
42
37
44
-15.4%
Month’s Supply of Inventory .................
2.5
1.8
2
2.2
-11.8%
Percent Under Contract .......................
44.2%
45.1%
39.1%
62.3%
41.1%
$844,833
$970,833
$986,333
$947,154
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$785
APR
$1,100,000
MAY JUN
MEDIAN SALES PRICE
JUL
$587
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN GABRIEL
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$699,000
$880,000
$800,000
$785,000
12.3%
Average Price per Square Foot ..............
$465
$458
$497
$490
5.4%
Properties Sold ...................................
20
25
17
22
10.0%
Properties Pending Sale .......................
29
23
21
22
-24.1%
Properties For Sale ..............................
45
52
32
26
-42.2%
Days on Market (Pending Sale) .............
42
26
50
57
35.7%
Month’s Supply of Inventory .................
2.2
2.1
1.9
1.2
-47.5%
Percent Under Contract .......................
64.4%
44.2%
65.6%
84.6%
31.3%
$724,417
$813,500
$819,333
$791,923
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$699
APR
$785,000
MAY JUN
MEDIAN SALES PRICE
JUL
$490
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$785 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN MARINO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,480,000
$1,963,000
$1,807,000
$1,760,000
-29.0%
Average Price per Square Foot ..............
$778
$817
$964
$934
20.1%
Properties Sold ...................................
10
14
12
9
-10.0%
Properties Pending Sale .......................
8
10
9
11
37.5%
Properties For Sale ..............................
40
48
27
41
2.5%
Days on Market (Pending Sale) .............
85
46
105
90
5.9%
Month’s Supply of Inventory .................
4
3.4
2.2
4.6
13.9%
Percent Under Contract .......................
20.0%
20.8%
33.3%
26.8%
34.1%
$2,323,250
$2,062,167
$2,084,333
$2,101,615
-9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.480
MAR APR
$1,760,000
MAY JUN
MEDIAN SALES PRICE
JUL
$934
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.760 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SIERRA MADRE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,148,000
$1,298,000
$820,000
$1,098,000
-4.4%
Average Price per Square Foot ..............
$523
$555
$492
$468
-10.5%
Properties Sold ...................................
6
7
11
12
100.0%
Properties Pending Sale .......................
12
9
6
16
33.3%
Properties For Sale ..............................
15
23
15
15
0.0%
Days on Market (Pending Sale) .............
86
43
52
93
8.1%
Month’s Supply of Inventory .................
2.5
3.3
1.4
1.2
-50.0%
Percent Under Contract .......................
80.0%
39.1%
40.0%
106.7%
33.3%
$1,014,083
$886,833
$872,000
$1,004,769
-0.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.148
APR
$1,098,000
MAY JUN
MEDIAN SALES PRICE
JUL
$468
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.098 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SOUTH PASADENA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,650,000
$1,176,000
$1,284,000
$1,625,000
-1.5%
Average Price per Square Foot ..............
$624
$681
$567
$748
19.9%
Properties Sold ...................................
9
7
5
10
11.1%
Properties Pending Sale .......................
10
4
6
12
20.0%
Properties For Sale ..............................
11
18
8
14
27.3%
Days on Market (Pending Sale) .............
22
18
67
32
45.5%
Month’s Supply of Inventory .................
1.2
2.6
1.6
1.4
14.5%
Percent Under Contract .......................
90.9%
22.2%
75.0%
85.7%
-5.7%
$1,340,000
$1,476,667
$1,646,000
$1,405,308
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.650
MAR APR
$1,625,000
MAY JUN
MEDIAN SALES PRICE
JUL
$748
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : March 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : March 2018
ORANGE COUNTY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$756,000
$791,500
$785,000
$820,000
8.5%
Average Price per Square Foot ..............
$449
$458
$479
$471
4.9%
Properties Sold ...................................
1669
1718
1365
1601
-4.1%
Properties Pending Sale .......................
2015
1641
1068
1864
-7.5%
Properties For Sale ..............................
6,170
6,155
4,175
5,593
-9.4%
Days on Market (Pending Sale) .............
44
48
52
36
-18.2%
Month’s Supply of Inventory .................
3.7
3.6
3.1
3.5
-5.5%
Percent Under Contract .......................
32.7%
26.7%
25.6%
33.3%
2.0%
$738,954
$789,500
$798,667
$784,192
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $756
MAR APR
$820,000
MAY JUN
MEDIAN SALES PRICE
JUL
$471
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$820 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ALISO VIEJO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$765,500
$847,500
$780,000
$817,500
6.8%
Average Price per Square Foot ..............
$366
$397
$401
$429
17.2%
Properties Sold ...................................
16
20
9
12
-25.0%
Properties Pending Sale .......................
21
22
6
19
-9.5%
Properties For Sale ..............................
59
52
15
39
-33.9%
Days on Market (Pending Sale) .............
27
52
52
13
-51.9%
Month’s Supply of Inventory .................
3.7
2.6
1.7
3.2
-11.9%
Percent Under Contract .......................
35.6%
42.3%
40.0%
48.7%
36.9%
$779,704
$806,158
$828,167
$817,265
4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$765
APR
$817,500
MAY JUN
MEDIAN SALES PRICE
JUL
$429
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$817 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BALBOA PENINSULA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$5,650,000
$3,900,000
$2,675,000
$12,300,000
117.7%
Average Price per Square Foot ..............
$1,780
$1,636
$1,515
$1,864
4.7%
Properties Sold ...................................
3
5
7
1
-66.7%
Properties Pending Sale .......................
8
4
8
7
-12.5%
Properties For Sale ..............................
45
34
34
44
-2.2%
Days on Market (Pending Sale) .............
123
125
75
70
-43.1%
Month’s Supply of Inventory .................
15
6.8
4.9
44
193.3%
Percent Under Contract .......................
17.8%
11.8%
23.5%
15.9%
-10.5%
$3,831,417
$4,865,000
$6,721,667
$3,998,269
4.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$5.650
APR
$12,300,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,864
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
44 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$12.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CORONA DEL MAR - SPYGLASS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,575,000
$2,267,000
$2,803,000
$3,214,062
24.8%
Average Price per Square Foot ..............
$946
$1,017
$1,219
$1,156
22.2%
Properties Sold ...................................
12
18
13
12
0.0%
Properties Pending Sale .......................
20
14
11
12
-40.0%
Properties For Sale ..............................
80
77
63
81
1.2%
Days on Market (Pending Sale) .............
86
96
85
75
-12.8%
Month’s Supply of Inventory .................
6.7
4.3
4.8
6.8
1.2%
Percent Under Contract .......................
25.0%
18.2%
17.5%
14.8%
-40.7%
$2,851,978
$3,174,010
$3,455,354
$2,890,787
1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.575
APR
$3,214,062
MAY JUN
MEDIAN SALES PRICE
JUL
$1,156
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.214 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
COTO DE CAZA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,115,000
$1,130,000
$1,300,000
$1,050,000
-5.8%
Average Price per Square Foot ..............
$315
$353
$329
$375
19.0%
Properties Sold ...................................
17
20
13
24
41.2%
Properties Pending Sale .......................
25
14
10
23
-8.0%
Properties For Sale ..............................
125
114
75
122
-2.4%
Days on Market (Pending Sale) .............
84
138
54
53
-36.9%
Month’s Supply of Inventory .................
7.4
5.7
5.8
5.1
-30.9%
Percent Under Contract .......................
20.0%
12.3%
13.3%
18.9%
-5.7%
$1,162,002
$1,248,671
$1,221,676
$1,227,310
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.115
APR
$1,050,000
MAY JUN
MEDIAN SALES PRICE
JUL
$375
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CRYSTAL COVE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$8,725,000
$0
$6,891,532
$21,000,000
140.7%
Average Price per Square Foot ..............
$1,346
$0
$1,071
$1,842
36.8%
Properties Sold ...................................
2
0
4
1
-50.0%
Properties Pending Sale .......................
3
1
3
1
-66.7%
Properties For Sale ..............................
26
25
23
21
-19.2%
Days on Market (Pending Sale) .............
34
142
77
48
41.2%
Month’s Supply of Inventory .................
13
n/a
5.8
21
61.5%
Percent Under Contract .......................
11.5%
4.0%
13.0%
4.8%
-58.7%
$5,261,479
$8,349,422
$10,466,667
$8,341,378
58.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$8.725
APR
$21,000,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,842
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
21 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$21.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DANA POINT
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$890,000
$1,250,000
$1,075,000
$1,265,000
42.1%
Average Price per Square Foot ..............
$806
$766
$627
$667
-17.2%
Properties Sold ...................................
16
39
18
33
106.2%
Properties Pending Sale .......................
30
36
18
40
33.3%
Properties For Sale ..............................
165
197
127
167
1.2%
Days on Market (Pending Sale) .............
69
78
92
56
-18.8%
Month’s Supply of Inventory .................
10.3
5.1
7.1
5.1
-50.9%
Percent Under Contract .......................
18.2%
18.3%
14.2%
24.0%
31.7%
$981,074
$1,169,750
$1,129,000
$1,130,423
15.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$890
APR
$1,265,000
MAY JUN
MEDIAN SALES PRICE
JUL
$667
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
EAST BLUFF - HARBOR VIEW
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,912,500
$2,430,000
$1,877,500
$1,985,000
3.8%
Average Price per Square Foot ..............
$727
$790
$723
$704
-3.2%
Properties Sold ...................................
12
17
19
17
41.7%
Properties Pending Sale .......................
23
16
10
23
0.0%
Properties For Sale ..............................
113
110
80
110
-2.7%
Days on Market (Pending Sale) .............
55
74
97
64
16.4%
Month’s Supply of Inventory .................
9.4
6.5
4.2
6.5
-31.3%
Percent Under Contract .......................
20.4%
14.5%
12.5%
20.9%
2.7%
$1,901,509
$2,161,917
$2,410,000
$2,069,731
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.912
APR
$1,985,000
MAY JUN
MEDIAN SALES PRICE
JUL
$704
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.985 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
EAST COSTA MESA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,004,500
$955,000
$1,125,000
$1,260,000
25.4%
Average Price per Square Foot ..............
$549
$625
$532
$592
7.8%
Properties Sold ...................................
22
12
13
23
4.5%
Properties Pending Sale .......................
20
22
14
14
-30.0%
Properties For Sale ..............................
54
84
53
58
7.4%
Days on Market (Pending Sale) .............
29
44
60
31
6.9%
Month’s Supply of Inventory .................
2.5
7
4.1
2.5
2.7%
Percent Under Contract .......................
37.0%
26.2%
26.4%
24.1%
-34.8%
$1,023,945
$1,087,646
$1,119,333
$1,043,836
1.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.004
APR
$1,260,000
MAY JUN
MEDIAN SALES PRICE
JUL
$592
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.260 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
FOUNTAIN VALLEY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$806,250
$789,000
$769,500
$823,000
2.1%
Average Price per Square Foot ..............
$376
$415
$421
$412
9.6%
Properties Sold ...................................
24
31
18
28
16.7%
Properties Pending Sale .......................
33
21
17
28
-15.2%
Properties For Sale ..............................
61
54
43
62
1.6%
Days on Market (Pending Sale) .............
14
22
34
19
35.7%
Month’s Supply of Inventory .................
2.5
1.7
2.4
2.2
-12.9%
Percent Under Contract .......................
54.1%
38.9%
39.5%
45.2%
-16.5%
$758,850
$795,333
$820,167
$790,673
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $806
MAR APR
$823,000
MAY JUN
MEDIAN SALES PRICE
JUL
$412
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$823 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HUNTINGTON BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$820,000
$849,000
$875,000
$847,000
3.3%
Average Price per Square Foot ..............
$495
$467
$529
$506
2.2%
Properties Sold ...................................
111
117
90
99
-10.8%
Properties Pending Sale .......................
126
120
58
118
-6.3%
Properties For Sale ..............................
306
326
201
282
-7.8%
Days on Market (Pending Sale) .............
36
46
45
35
-2.8%
Month’s Supply of Inventory .................
2.8
2.8
2.2
2.8
3.3%
Percent Under Contract .......................
41.2%
36.8%
28.9%
41.8%
1.6%
$815,708
$885,250
$879,000
$873,115
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$820
APR
$847,000
MAY JUN
MEDIAN SALES PRICE
JUL
$506
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$847 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
IRVINE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,150,000
$1,125,000
$1,130,000
$1,200,000
4.3%
Average Price per Square Foot ..............
$491
$494
$479
$480
-2.2%
Properties Sold ...................................
109
115
97
93
-14.7%
Properties Pending Sale .......................
115
105
60
111
-3.5%
Properties For Sale ..............................
406
419
273
387
-4.7%
Days on Market (Pending Sale) .............
42
44
43
37
-11.9%
Month’s Supply of Inventory .................
3.7
3.6
2.8
4.2
11.7%
Percent Under Contract .......................
28.3%
25.1%
22.0%
28.7%
1.3%
$1,070,197
$1,164,250
$1,178,500
$1,132,423
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.150
MAR APR
$1,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
$480
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LADERA RANCH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$965,000
$938,000
$1,060,000
$1,029,000
6.6%
Average Price per Square Foot ..............
$334
$371
$394
$375
12.3%
Properties Sold ...................................
27
26
23
28
3.7%
Properties Pending Sale .......................
37
29
9
30
-18.9%
Properties For Sale ..............................
108
122
77
104
-3.7%
Days on Market (Pending Sale) .............
37
35
31
42
13.5%
Month’s Supply of Inventory .................
4
4.7
3.3
3.7
-7.1%
Percent Under Contract .......................
34.3%
23.8%
11.7%
28.8%
-15.8%
$885,750
$966,675
$948,050
$943,192
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$965
APR
$1,029,000
MAY JUN
MEDIAN SALES PRICE
JUL
$375
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.029 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LAGUNA BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,681,094
$1,790,000
$2,147,500
$1,918,750
-28.4%
Average Price per Square Foot ..............
$1,319
$1,008
$1,382
$1,010
-23.4%
Properties Sold ...................................
30
25
22
28
-6.7%
Properties Pending Sale .......................
40
30
21
34
-15.0%
Properties For Sale ..............................
232
284
214
271
16.8%
Days on Market (Pending Sale) .............
95
117
126
83
-12.6%
Month’s Supply of Inventory .................
7.7
11.4
9.7
9.7
25.2%
Percent Under Contract .......................
17.2%
10.6%
9.8%
12.5%
-27.2%
$1,930,841
$2,132,125
$2,260,417
$2,131,257
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.681
MAR APR
$1,918,750
MAY JUN
MEDIAN SALES PRICE
JUL
$1,010
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.918 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LAGUNA NIGUEL
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$947,450
$1,001,000
$874,900
$911,750
-3.8%
Average Price per Square Foot ..............
$400
$482
$456
$437
9.2%
Properties Sold ...................................
66
49
47
60
-9.1%
Properties Pending Sale .......................
64
53
23
68
6.2%
Properties For Sale ..............................
246
236
146
213
-13.4%
Days on Market (Pending Sale) .............
43
53
63
31
-27.9%
Month’s Supply of Inventory .................
3.7
4.8
3.1
3.6
-4.8%
Percent Under Contract .......................
26.0%
22.5%
15.8%
31.9%
22.7%
$886,371
$939,525
$929,083
$946,758
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $947
MAR APR
$911,750
MAY JUN
MEDIAN SALES PRICE
JUL
$437
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$911 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LAGUNA HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$764,000
$775,000
$932,500
$885,000
15.8%
Average Price per Square Foot ..............
$334
$378
$398
$389
16.5%
Properties Sold ...................................
19
31
14
37
94.7%
Properties Pending Sale .......................
26
29
17
27
3.8%
Properties For Sale ..............................
102
107
60
81
-20.6%
Days on Market (Pending Sale) .............
44
36
50
50
13.6%
Month’s Supply of Inventory .................
5.4
3.5
4.3
2.2
-59.2%
Percent Under Contract .......................
25.5%
27.1%
28.3%
33.3%
30.8%
$822,176
$900,250
$935,333
$863,115
5.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$764
APR
$885,000
MAY JUN
MEDIAN SALES PRICE
JUL
$389
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$885 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LAGUNA WOODS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$0
$0
$729,500
$0
n/a
Average Price per Square Foot ..............
$0
$0
$458
$0
n/a
Properties Sold ...................................
0
0
1
0
n/a
Properties Pending Sale .......................
0
0
1
0
n/a
Properties For Sale ..............................
0
0
2
2
n/a
Days on Market (Pending Sale) .............
0
0
33
0
n/a
Month’s Supply of Inventory .................
n/a
n/a
2
n/a
n/a
Percent Under Contract .......................
n/a
n/a
50.0%
0.0%
n/a
$75,833
$854,833
$860,000
$854,833
1027.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR 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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$855,000
$1,002,500
$986,500
$924,000
8.1%
Average Price per Square Foot ..............
$587
$529
$438
$614
4.6%
Properties Sold ...................................
2
6
2
3
50.0%
Properties Pending Sale .......................
8
5
4
4
-50.0%
Properties For Sale ..............................
26
33
19
23
-11.5%
Days on Market (Pending Sale) .............
51
80
116
26
-49.0%
Month’s Supply of Inventory .................
13
5.5
9.5
7.7
-41.0%
Percent Under Contract .......................
30.8%
15.2%
21.1%
17.4%
-43.5%
$910,250
$1,089,083
$1,184,333
$1,096,038
20.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$855
APR
$924,000
MAY JUN
MEDIAN SALES PRICE
JUL
$614
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$924 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,700,000
$3,400,000
$2,260,000
$4,200,000
55.6%
Average Price per Square Foot ..............
$1,306
$1,316
$1,010
$1,446
10.7%
Properties Sold ...................................
7
5
5
6
-14.3%
Properties Pending Sale .......................
6
11
1
6
0.0%
Properties For Sale ..............................
29
40
23
25
-13.8%
Days on Market (Pending Sale) .............
24
30
634
60
150.0%
Month’s Supply of Inventory .................
4.1
8
4.6
4.2
0.6%
Percent Under Contract .......................
20.7%
27.5%
4.3%
24.0%
16.0%
$3,123,817
$3,476,250
$3,572,500
$3,483,719
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.700
APR
$4,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,446
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MISSION VIEJO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$711,000
$747,500
$739,500
$765,000
7.6%
Average Price per Square Foot ..............
$371
$358
$369
$387
4.3%
Properties Sold ...................................
99
86
68
95
-4.0%
Properties Pending Sale .......................
92
84
68
5
-94.6%
Properties For Sale ..............................
258
224
158
33
-87.2%
Days on Market (Pending Sale) .............
29
50
40
70
141.4%
Month’s Supply of Inventory .................
2.6
2.6
2.3
0.3
-86.7%
Percent Under Contract .......................
35.7%
37.5%
43.0%
15.2%
-57.5%
$697,913
$742,833
$749,167
$739,712
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $711
MAR APR
$765,000
MAY JUN
MEDIAN SALES PRICE
JUL
$387
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$765 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MONARCH BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$3,537,500
$2,049,500
$1,125,000
$1,649,000
-53.4%
Average Price per Square Foot ..............
$1,075
$1,003
$685
$928
-13.7%
Properties Sold ...................................
6
16
9
13
116.7%
Properties Pending Sale .......................
14
16
6
13
-7.1%
Properties For Sale ..............................
82
83
56
72
-12.2%
Days on Market (Pending Sale) .............
98
86
78
76
-22.4%
Month’s Supply of Inventory .................
13.7
5.2
6.2
5.5
-59.5%
Percent Under Contract .......................
17.1%
19.3%
10.7%
18.1%
5.8%
$1,848,365
$1,578,083
$1,533,000
$1,723,552
-6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.537
MAR APR
$1,649,000
MAY JUN
MEDIAN SALES PRICE
JUL
$928
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.649 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NELLE GAIL
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$769,900
$785,000
$920,000
$892,500
15.9%
Average Price per Square Foot ..............
$331
$378
$386
$389
17.5%
Properties Sold ...................................
17
30
15
36
111.8%
Properties Pending Sale .......................
25
28
17
26
4.0%
Properties For Sale ..............................
100
106
60
80
-20.0%
Days on Market (Pending Sale) .............
41
35
50
52
26.8%
Month’s Supply of Inventory .................
5.9
3.5
4
2.2
-62.2%
Percent Under Contract .......................
25.0%
26.4%
28.3%
32.5%
30.0%
$835,132
$899,417
$937,833
$868,469
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$769
APR
$892,500
MAY JUN
MEDIAN SALES PRICE
JUL
$389
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$892 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NEWPORT BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,265,000
$2,750,000
$2,150,000
$1,985,000
-12.4%
Average Price per Square Foot ..............
$900
$911
$998
$972
8.0%
Properties Sold ...................................
46
56
49
43
-6.5%
Properties Pending Sale .......................
72
53
31
65
-9.7%
Properties For Sale ..............................
340
321
253
309
-9.1%
Days on Market (Pending Sale) .............
91
82
96
59
-35.2%
Month’s Supply of Inventory .................
7.4
5.7
5.2
7.2
-2.8%
Percent Under Contract .......................
21.2%
16.5%
12.3%
21.0%
-0.7%
$2,018,192
$2,301,667
$2,395,000
$2,305,577
14.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.265
APR
$1,985,000
MAY JUN
MEDIAN SALES PRICE
JUL
$972
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.985 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NEWPORT COAST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$3,015,000
$2,475,000
$4,949,500
$2,760,000
-8.5%
Average Price per Square Foot ..............
$961
$848
$1,037
$1,082
12.6%
Properties Sold ...................................
17
14
16
14
-17.6%
Properties Pending Sale .......................
16
13
8
12
-25.0%
Properties For Sale ..............................
110
107
80
80
-27.3%
Days on Market (Pending Sale) .............
87
107
129
56
-35.6%
Month’s Supply of Inventory .................
6.5
7.6
5
5.7
-11.7%
Percent Under Contract .......................
14.5%
12.1%
10.0%
15.0%
3.1%
$2,968,635
$3,455,083
$3,145,833
$3,738,692
25.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$3.015
APR
$2,760,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,082
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.760 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NEWPORT HEIGHTS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,550,000
$2,750,000
$1,650,000
$2,942,500
89.8%
Average Price per Square Foot ..............
$729
$674
$794
$800
9.7%
Properties Sold ...................................
6
13
5
2
-66.7%
Properties Pending Sale .......................
9
10
3
5
-44.4%
Properties For Sale ..............................
37
42
34
33
-10.8%
Days on Market (Pending Sale) .............
136
84
61
70
-48.5%
Month’s Supply of Inventory .................
6.2
3.2
6.8
16.5
167.6%
Percent Under Contract .......................
24.3%
23.8%
8.8%
15.2%
-37.7%
$1,765,635
$2,459,500
$2,984,167
$2,450,808
38.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.550
APR
$2,942,500
MAY JUN
MEDIAN SALES PRICE
JUL
$800
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
16.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.942 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
RANCHO SANTA MARGARITA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$730,000
$713,500
$802,000
$770,000
5.5%
Average Price per Square Foot ..............
$351
$342
$345
$377
7.4%
Properties Sold ...................................
45
32
39
49
8.9%
Properties Pending Sale .......................
56
36
23
48
-14.3%
Properties For Sale ..............................
136
107
55
99
-27.2%
Days on Market (Pending Sale) .............
42
39
55
31
-26.2%
Month’s Supply of Inventory .................
3
3.3
1.4
2
-33.1%
Percent Under Contract .......................
41.2%
33.6%
41.8%
48.5%
17.7%
$729,583
$774,583
$801,333
$770,885
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$730
APR
$770,000
MAY JUN
MEDIAN SALES PRICE
JUL
$377
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$770 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN CLEMENTE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$906,950
$985,000
$1,009,500
$1,060,000
16.9%
Average Price per Square Foot ..............
$399
$435
$424
$473
18.5%
Properties Sold ...................................
66
81
52
77
16.7%
Properties Pending Sale .......................
73
61
46
70
-4.1%
Properties For Sale ..............................
293
287
189
283
-3.4%
Days on Market (Pending Sale) .............
80
70
65
43
-46.2%
Month’s Supply of Inventory .................
4.4
3.5
3.6
3.7
-17.2%
Percent Under Contract .......................
24.9%
21.3%
24.3%
24.7%
-0.7%
$923,006
$1,019,677
$1,049,500
$997,893
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$906
APR
$1,060,000
MAY JUN
MEDIAN SALES PRICE
JUL
$473
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.060 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN JUAN CAPISTRANO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$998,000
$1,229,282
$820,000
$1,200,000
20.2%
Average Price per Square Foot ..............
$393
$382
$386
$403
2.5%
Properties Sold ...................................
33
32
27
33
0.0%
Properties Pending Sale .......................
46
36
23
29
-37.0%
Properties For Sale ..............................
169
178
119
132
-21.9%
Days on Market (Pending Sale) .............
81
61
62
62
-23.5%
Month’s Supply of Inventory .................
5.1
5.6
4.4
4
-21.9%
Percent Under Contract .......................
27.2%
20.2%
19.3%
22.0%
-19.3%
$937,979
$1,031,674
$1,178,848
$1,054,910
12.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$998
APR
$1,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
$403
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SEAL BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$900,000
$915,750
$925,000
$1,060,000
17.8%
Average Price per Square Foot ..............
$465
$432
$451
$600
29.0%
Properties Sold ...................................
11
8
6
12
9.1%
Properties Pending Sale .......................
9
8
12
13
44.4%
Properties For Sale ..............................
33
38
27
28
-15.2%
Days on Market (Pending Sale) .............
83
93
59
36
-56.6%
Month’s Supply of Inventory .................
3
4.8
4.5
2.3
-22.2%
Percent Under Contract .......................
27.3%
21.1%
44.4%
46.4%
70.2%
$1,009,188
$981,917
$1,013,000
$979,419
-2.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$900
APR
$1,060,000
MAY JUN
MEDIAN SALES PRICE
JUL
$600
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.060 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SHADY CANYON
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,907,500
$1,305,000
$1,650,000
$1,680,000
-11.9%
Average Price per Square Foot ..............
$666
$659
$588
$571
-14.3%
Properties Sold ...................................
14
15
12
13
-7.1%
Properties Pending Sale .......................
14
12
9
14
0.0%
Properties For Sale ..............................
89
87
64
73
-18.0%
Days on Market (Pending Sale) .............
83
93
59
31
-62.7%
Month’s Supply of Inventory .................
6.4
5.8
5.3
5.6
-11.7%
Percent Under Contract .......................
15.7%
13.8%
14.1%
19.2%
21.9%
$1,814,000
$1,897,000
$1,781,500
$1,907,761
5.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.907
APR
$1,680,000
MAY JUN
MEDIAN SALES PRICE
JUL
$571
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.680 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TURTLE RIDGE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,875,000
$2,350,000
$0
$1,970,000
5.1%
Average Price per Square Foot ..............
$686
$671
$564
$639
-6.9%
Properties Sold ...................................
5
3
0
3
-40.0%
Properties Pending Sale .......................
6
0
1
3
-50.0%
Properties For Sale ..............................
30
26
19
18
-40.0%
Days on Market (Pending Sale) .............
78
0
171
73
-6.4%
Month’s Supply of Inventory .................
6
8.7
n/a
6
0.0%
Percent Under Contract .......................
20.0%
0.0%
5.3%
16.7%
-16.7%
$1,985,346
$2,482,167
$2,332,000
$2,289,981
15.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.875
APR
$1,970,000
MAY JUN
MEDIAN SALES PRICE
JUL
$639
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.970 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
TURTLE ROCK
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,975,000
$1,277,500
$1,550,000
$1,530,000
-22.5%
Average Price per Square Foot ..............
$665
$618
$564
$564
-15.2%
Properties Sold ...................................
8
9
7
7
-12.5%
Properties Pending Sale .......................
6
7
5
7
16.7%
Properties For Sale ..............................
49
27
17
24
-51.0%
Days on Market (Pending Sale) .............
84
75
46
11
-86.9%
Month’s Supply of Inventory .................
6.1
3
2.4
3.4
-44.0%
Percent Under Contract .......................
12.2%
25.9%
29.4%
29.2%
138.2%
$1,652,542
$1,787,667
$1,532,000
$1,833,396
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.975
APR
$1,530,000
MAY JUN
MEDIAN SALES PRICE
JUL
$564
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.530 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WESTMINSTER
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$594,000
$621,000
$648,900
$667,500
12.4%
Average Price per Square Foot ..............
$353
$393
$408
$411
16.4%
Properties Sold ...................................
32
33
29
24
-25.0%
Properties Pending Sale .......................
39
33
23
33
-15.4%
Properties For Sale ..............................
78
77
56
64
-17.9%
Days on Market (Pending Sale) .............
22
31
26
20
-9.1%
Month’s Supply of Inventory .................
2.4
2.3
1.9
2.7
9.4%
Percent Under Contract .......................
50.0%
42.9%
41.1%
51.6%
3.1%
$609,792
$658,325
$671,350
$645,073
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$594
APR
$667,500
MAY JUN
MEDIAN SALES PRICE
JUL
$411
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$667 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,776,000
$2,065,000
$2,120,000
$1,699,500
-4.3%
Average Price per Square Foot ..............
$745
$815
$810
$705
-5.4%
Properties Sold ...................................
13
9
10
12
-7.7%
Properties Pending Sale .......................
14
7
6
13
-7.1%
Properties For Sale ..............................
55
46
39
43
-21.8%
Days on Market (Pending Sale) .............
62
83
66
15
-75.8%
Month’s Supply of Inventory .................
4.2
5.1
3.9
3.6
-15.3%
Percent Under Contract .......................
25.5%
15.2%
15.4%
30.2%
18.8%
$1,604,896
$1,793,913
$1,764,493
$1,827,748
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.776
APR
$1,699,500
MAY JUN
MEDIAN SALES PRICE
JUL
$705
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.699 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST NEWPORT - LIDO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,230,000
$3,550,000
$5,850,000
$4,784,000
114.5%
Average Price per Square Foot ..............
$953
$1,207
$2,834
$1,559
63.6%
Properties Sold ...................................
5
7
3
5
0.0%
Properties Pending Sale .......................
12
5
3
11
-8.3%
Properties For Sale ..............................
60
48
42
51
-15.0%
Days on Market (Pending Sale) .............
171
180
61
90
-47.4%
Month’s Supply of Inventory .................
12
6.9
14
10.2
-15.0%
Percent Under Contract .......................
20.0%
10.4%
7.1%
21.6%
7.8%
$2,611,792
$3,278,167
$2,943,000
$3,038,962
16.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.230
APR
$4,784,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,559
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.784 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : March 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : March 2018
CARPINTERIA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,147,000
$1,015,000
$1,059,500
$990,000
-13.7%
Average Price per Square Foot ..............
$873
$734
$2,121
$617
-29.3%
Properties Sold ...................................
15
5
6
4
-73.3%
Properties Pending Sale .......................
7
4
2
2
-71.4%
Properties For Sale ..............................
41
39
28
22
-46.3%
Days on Market (Pending Sale) .............
13
33
62
15
15.4%
Month’s Supply of Inventory .................
2.7
7.8
4.7
5.5
101.2%
Percent Under Contract .......................
17.1%
10.3%
7.1%
9.1%
-46.8%
$1,017,646
$1,199,500
$1,199,167
$1,158,846
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.147
APR
$990,000
MAY JUN
MEDIAN SALES PRICE
JUL
$617
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$990 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
GOLETA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$799,000
$818,000
$885,000
$806,250
0.9%
Average Price per Square Foot ..............
$557
$594
$586
$478
-14.2%
Properties Sold ...................................
7
11
6
12
71.4%
Properties Pending Sale .......................
9
9
6
11
22.2%
Properties For Sale ..............................
36
32
24
26
-27.8%
Days on Market (Pending Sale) .............
36
37
28
26
-27.8%
Month’s Supply of Inventory .................
5.1
2.9
4
2.2
-57.9%
Percent Under Contract .......................
25.0%
28.1%
25.0%
42.3%
69.2%
$842,802
$857,542
$815,417
$847,269
0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$799
APR
$806,250
MAY JUN
MEDIAN SALES PRICE
JUL
$478
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$806 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
HOPE RANCH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$3,350,000
$3,000,000
$3,496,750
$3,400,000
1.5%
Average Price per Square Foot ..............
$784
$484
$613
$882
12.5%
Properties Sold ...................................
5
1
4
7
40.0%
Properties Pending Sale .......................
5
2
2
6
20.0%
Properties For Sale ..............................
45
38
34
30
-33.3%
Days on Market (Pending Sale) .............
105
122
78
97
-7.6%
Month’s Supply of Inventory .................
9
38
8.5
4.3
-52.4%
Percent Under Contract .......................
11.1%
5.3%
5.9%
20.0%
80.0%
$2,804,375
$4,382,517
$4,190,283
$3,508,281
25.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$3.350
APR
$3,400,000
MAY JUN
MEDIAN SALES PRICE
JUL
$882
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MONTECITO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$2,950,000
$2,865,760
$2,413,750
$3,902,500
32.3%
Average Price per Square Foot ..............
$999
$868
$630
$1,396
39.7%
Properties Sold ...................................
21
15
16
8
-61.9%
Properties Pending Sale .......................
14
11
5
10
-28.6%
Properties For Sale ..............................
198
169
126
126
-36.4%
Days on Market (Pending Sale) .............
84
128
67
113
34.5%
Month’s Supply of Inventory .................
9.4
11.3
7.9
15.8
67.0%
Percent Under Contract .......................
7.1%
6.5%
4.0%
7.9%
12.2%
$2,890,458
$2,827,829
$2,985,757
$2,985,595
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$2.950
APR
$3,902,500
MAY JUN
MEDIAN SALES PRICE
JUL
$1,396
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
15.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.902 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA BARBARA EAST OF STATE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,415,000
$1,567,000
$1,556,388
$1,504,125
6.3%
Average Price per Square Foot ..............
$655
$715
$736
$712
8.7%
Properties Sold ...................................
29
26
20
22
-24.1%
Properties Pending Sale .......................
29
28
14
29
0.0%
Properties For Sale ..............................
124
118
96
118
-4.8%
Days on Market (Pending Sale) .............
43
58
50
41
-4.7%
Month’s Supply of Inventory .................
4.3
4.5
4.8
5.4
25.4%
Percent Under Contract .......................
23.4%
23.7%
14.6%
24.6%
5.1%
$1,310,191
$1,543,336
$1,660,042
$1,434,424
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.415
APR
$1,504,125
MAY JUN
MEDIAN SALES PRICE
JUL
$712
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.504 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA BARBARA WEST OF STATE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,194,000
$1,025,000
$1,322,500
$1,469,000
23.0%
Average Price per Square Foot ..............
$583
$684
$630
$699
19.9%
Properties Sold ...................................
14
24
16
13
-7.1%
Properties Pending Sale .......................
24
25
9
20
-16.7%
Properties For Sale ..............................
79
69
43
65
-17.7%
Days on Market (Pending Sale) .............
62
60
50
36
-41.9%
Month’s Supply of Inventory .................
5.6
2.9
2.7
5
-11.4%
Percent Under Contract .......................
30.4%
36.2%
20.9%
30.8%
1.3%
$1,085,950
$1,183,583
$1,224,667
$1,151,269
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.194
APR
$1,469,000
MAY JUN
MEDIAN SALES PRICE
JUL
$699
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.469 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA YNEZ
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$886,172
$761,500
$727,500
$825,000
-6.9%
Average Price per Square Foot ..............
$484
$398
$400
$429
-11.4%
Properties Sold ...................................
20
23
18
25
25.0%
Properties Pending Sale .......................
22
20
10
22
0.0%
Properties For Sale ..............................
144
163
117
140
-2.8%
Days on Market (Pending Sale) .............
99
161
67
75
-24.2%
Month’s Supply of Inventory .................
7.2
7.1
6.5
5.6
-22.2%
Percent Under Contract .......................
15.3%
12.3%
8.5%
15.7%
2.9%
$794,347
$949,083
$1,109,833
$905,456
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$886
APR
$825,000
MAY JUN
MEDIAN SALES PRICE
JUL
$429
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : March 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : March 2018
CARMEL
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,600,000
$2,100,000
$1,597,500
$1,645,000
2.8%
Average Price per Square Foot ..............
$827
$979
$857
$1,087
31.4%
Properties Sold ...................................
19
17
20
21
10.5%
Properties Pending Sale .......................
25
26
18
27
8.0%
Properties For Sale ..............................
160
189
133
154
-3.8%
Days on Market (Pending Sale) .............
95
79
194
78
-17.9%
Month’s Supply of Inventory .................
8.4
11.1
6.6
7.3
-12.9%
Percent Under Contract .......................
15.6%
13.8%
13.5%
17.5%
12.2%
$1,498,750
$1,672,917
$1,866,667
$1,623,800
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.600
APR
$1,645,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,087
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.645 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CARMEL VALLEY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$997,000
$940,000
$875,000
$1,578,125
58.3%
Average Price per Square Foot ..............
$472
$426
$386
$519
10.0%
Properties Sold ...................................
7
11
5
6
-14.3%
Properties Pending Sale .......................
14
11
8
11
-21.4%
Properties For Sale ..............................
55
70
59
59
7.3%
Days on Market (Pending Sale) .............
122
69
114
70
-42.6%
Month’s Supply of Inventory .................
7.9
6.4
11.8
9.8
25.2%
Percent Under Contract .......................
25.5%
15.7%
13.6%
18.6%
-26.8%
$1,115,167
$1,108,271
$1,285,042
$1,070,890
-4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$997
APR
$1,578,125
MAY JUN
MEDIAN SALES PRICE
JUL
$519
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.578 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MARINA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$541,460
$567,500
$553,000
$595,000
9.9%
Average Price per Square Foot ..............
$339
$332
$339
$357
5.3%
Properties Sold ...................................
14
18
15
15
7.1%
Properties Pending Sale .......................
14
14
14
22
57.1%
Properties For Sale ..............................
35
46
41
43
22.9%
Days on Market (Pending Sale) .............
25
51
76
34
36.0%
Month’s Supply of Inventory .................
2.5
2.6
2.7
2.9
14.7%
Percent Under Contract .......................
40.0%
30.4%
34.1%
51.2%
27.9%
$500,330
$569,083
$572,167
$556,958
11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$541
APR
$595,000
MAY JUN
MEDIAN SALES PRICE
JUL
$357
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$595 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MONTEREY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$815,000
$772,500
$920,000
$862,500
5.8%
Average Price per Square Foot ..............
$430
$450
$417
$477
10.9%
Properties Sold ...................................
14
14
20
26
85.7%
Properties Pending Sale .......................
23
27
12
29
26.1%
Properties For Sale ..............................
88
116
82
93
5.7%
Days on Market (Pending Sale) .............
51
96
80
23
-54.9%
Month’s Supply of Inventory .................
6.3
8.3
4.1
3.6
-43.1%
Percent Under Contract .......................
26.1%
23.3%
14.6%
31.2%
19.3%
$769,842
$861,239
$845,312
$822,610
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$815
APR
$862,500
MAY JUN
MEDIAN SALES PRICE
JUL
$477
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$862 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PACIFIC GROVE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$942,000
$967,500
$865,500
$920,500
-2.3%
Average Price per Square Foot ..............
$655
$703
$670
$673
2.7%
Properties Sold ...................................
18
12
12
14
-22.2%
Properties Pending Sale .......................
18
10
9
14
-22.2%
Properties For Sale ..............................
47
47
38
48
2.1%
Days on Market (Pending Sale) .............
47
65
84
31
-34.0%
Month’s Supply of Inventory .................
2.6
3.9
3.2
3.4
31.3%
Percent Under Contract .......................
38.3%
21.3%
23.7%
29.2%
-23.8%
$910,125
$954,500
$938,000
$939,000
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$942
APR
$920,500
MAY JUN
MEDIAN SALES PRICE
JUL
$673
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PEBBLE BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,156,500
$2,500,000
$1,673,000
$1,620,000
40.1%
Average Price per Square Foot ..............
$636
$689
$698
$871
36.9%
Properties Sold ...................................
6
9
17
13
116.7%
Properties Pending Sale .......................
10
12
10
23
130.0%
Properties For Sale ..............................
88
99
82
83
-5.7%
Days on Market (Pending Sale) .............
73
80
237
81
11.0%
Month’s Supply of Inventory .................
14.7
11
4.8
6.4
-56.5%
Percent Under Contract .......................
11.4%
12.1%
12.2%
27.7%
143.9%
$1,675,750
$1,819,667
$1,869,167
$1,758,573
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.156
APR
$1,620,000
MAY JUN
MEDIAN SALES PRICE
JUL
$871
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.620 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SALINAS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$475,000
$460,000
$506,500
$518,500
9.2%
Average Price per Square Foot ..............
$288
$294
$298
$311
8.0%
Properties Sold ...................................
53
50
52
48
-9.4%
Properties Pending Sale .......................
59
62
47
53
-10.2%
Properties For Sale ..............................
165
204
142
138
-16.4%
Days on Market (Pending Sale) .............
51
51
59
46
-9.8%
Month’s Supply of Inventory .................
3.1
4.1
2.7
2.9
-7.7%
Percent Under Contract .......................
35.8%
30.4%
33.1%
38.4%
7.4%
$461,375
$487,125
$484,917
$493,560
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$475
APR
$518,500
MAY JUN
MEDIAN SALES PRICE
JUL
$311
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$518 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SEASIDE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$500,000
$485,000
$535,100
$513,300
2.7%
Average Price per Square Foot ..............
$328
$394
$443
$373
13.7%
Properties Sold ...................................
11
16
13
22
100.0%
Properties Pending Sale .......................
21
24
14
18
-14.3%
Properties For Sale ..............................
53
53
43
35
-34.0%
Days on Market (Pending Sale) .............
37
52
77
54
45.9%
Month’s Supply of Inventory .................
4.8
3.3
3.3
1.6
-67.0%
Percent Under Contract .......................
39.6%
45.3%
32.6%
51.4%
29.8%
$466,404
$554,150
$599,100
$529,919
13.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$500
APR
$513,300
MAY JUN
MEDIAN SALES PRICE
JUL
$373
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$513 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN DIEGO COUNTY
SAN DIEGO MACRO
LA MESA
CARLSBAD
LEMON GROVE
CARMEL VALLEY
NATIONAL CITY
CHULA VISTA
OCEANSIDE
CORONADO
POWAY
DEL MAR
RANCHO BERNARDO
EL CAJON
SAN MARCOS
ENCINITAS
SANTEE
ESCONDIDO
SOLANA BEACH
IMPERIAL BEACH
VISTA
LA JOLLA
Micro Market Report : March 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : March 2018
SAN DIEGO COUNTY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$575,030
$610,000
$610,000
$635,000
10.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2088
1888
1681
1793
-14.1%
Properties Pending Sale .......................
2487
2043
1412
2245
-9.7%
Properties For Sale ..............................
6,696
6,878
4,943
6,449
-3.7%
Days on Market (Pending Sale) .............
38
39
44
34
-10.5%
Month’s Supply of Inventory .................
3.2
3.6
2.9
3.6
12.2%
Percent Under Contract .......................
37.1%
29.7%
28.6%
34.8%
-6.3%
$567,086
$614,500
$614,000
$610,114
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$575
APR
$635,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$635 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$849,000
$774,000
$825,000
$875,500
3.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
11
6
9
10
-9.1%
Properties Pending Sale .......................
10
9
10
15
50.0%
Properties For Sale ..............................
27
25
22
29
7.4%
Days on Market (Pending Sale) .............
24
16
23
27
12.5%
Month’s Supply of Inventory .................
2.5
4.2
2.4
2.9
18.1%
Percent Under Contract .......................
37.0%
36.0%
45.5%
51.7%
39.7%
$758,113
$867,044
$845,087
$833,301
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$849
APR
$875,500
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$875 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CARLSBAD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$909,000
$891,500
$910,000
$985,000
8.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
99
78
76
76
-23.2%
Properties Pending Sale .......................
115
89
54
112
-2.6%
Properties For Sale ..............................
312
295
168
288
-7.7%
Days on Market (Pending Sale) .............
41
35
49
30
-26.8%
Month’s Supply of Inventory .................
3.2
3.8
2.2
3.8
20.2%
Percent Under Contract .......................
36.9%
30.2%
32.1%
38.9%
5.5%
$876,667
$956,282
$971,000
$950,750
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$909
APR
$985,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$985 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CARMEL VALLEY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,245,000
$1,232,400
$1,210,000
$1,360,000
9.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
45
34
34
47
4.4%
Properties Pending Sale .......................
45
26
20
45
0.0%
Properties For Sale ..............................
148
124
78
136
-8.1%
Days on Market (Pending Sale) .............
27
44
56
35
29.6%
Month’s Supply of Inventory .................
3.3
3.6
2.3
2.9
-12.0%
Percent Under Contract .......................
30.4%
21.0%
25.6%
33.1%
8.8%
$1,174,583
$1,137,000
$1,274,000
$1,186,646
1.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.245
APR
$1,360,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.360 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CHULA VISTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$544,000
$562,000
$570,000
$560,000
2.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
137
117
103
104
-24.1%
Properties Pending Sale .......................
178
163
105
158
-11.2%
Properties For Sale ..............................
423
421
300
415
-1.9%
Days on Market (Pending Sale) .............
29
39
47
36
24.1%
Month’s Supply of Inventory .................
3.1
3.6
2.9
4
29.2%
Percent Under Contract .......................
42.1%
38.7%
35.0%
38.1%
-9.5%
$514,398
$563,917
$561,167
$554,742
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $544
MAR APR
$560,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$655,000
$640,000
$661,500
$735,000
12.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
31
35
33
37
19.4%
Properties Pending Sale .......................
42
41
24
36
-14.3%
Properties For Sale ..............................
78
96
55
76
-2.6%
Days on Market (Pending Sale) .............
15
27
27
20
33.3%
Month’s Supply of Inventory .................
2.5
2.7
1.7
2.1
-18.4%
Percent Under Contract .......................
53.8%
42.7%
43.6%
47.4%
-12.0%
$598,517
$691,199
$728,315
$667,361
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$655
APR
$735,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CORONADO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,790,000
$2,325,000
$3,000,000
$2,381,250
33.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
13
10
7
10
-23.1%
Properties Pending Sale .......................
15
8
10
14
-6.7%
Properties For Sale ..............................
117
112
81
101
-13.7%
Days on Market (Pending Sale) .............
95
67
94
76
-20.0%
Month’s Supply of Inventory .................
9
11.2
11.6
10.1
12.2%
Percent Under Contract .......................
12.8%
7.1%
12.3%
13.9%
8.1%
$1,728,792
$2,349,708
$2,238,750
$2,060,058
16.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.790
APR
$2,381,250
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.381 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DEL MAR
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,380,000
$1,900,000
$2,222,500
$1,975,000
43.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
10
14
16
13
30.0%
Properties Pending Sale .......................
13
15
17
14
7.7%
Properties For Sale ..............................
88
113
91
84
-4.5%
Days on Market (Pending Sale) .............
323
87
48
55
-83.0%
Month’s Supply of Inventory .................
8.8
8.1
5.7
6.5
-26.6%
Percent Under Contract .......................
14.8%
13.3%
18.7%
16.7%
12.8%
$1,728,875
$2,042,917
$1,952,500
$1,931,779
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.380
APR
$1,975,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
EL CAJON
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$490,000
$505,000
$532,000
$504,500
3.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
108
101
81
84
-22.2%
Properties Pending Sale .......................
137
110
86
124
-9.5%
Properties For Sale ..............................
300
332
244
311
3.7%
Days on Market (Pending Sale) .............
40
28
35
30
-25.0%
Month’s Supply of Inventory .................
2.8
3.3
3
3.7
33.3%
Percent Under Contract .......................
45.7%
33.1%
35.2%
39.9%
-12.7%
$485,672
$511,242
$499,000
$512,208
5.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$490
APR
$504,500
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$504 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ENCINITAS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,012,500
$1,025,000
$1,110,000
$1,975,000
95.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
34
34
31
13
-61.8%
Properties Pending Sale .......................
46
35
14
14
-69.6%
Properties For Sale ..............................
155
123
85
84
-45.8%
Days on Market (Pending Sale) .............
29
34
45
55
89.7%
Month’s Supply of Inventory .................
4.6
3.6
2.7
6.5
41.7%
Percent Under Contract .......................
29.7%
28.5%
16.5%
16.7%
-43.8%
$1,178,144
$1,372,583
$1,463,667
$1,272,727
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.012
APR
$1,975,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ESCONDIDO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$539,500
$519,000
$550,000
$542,000
0.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
140
120
117
117
-16.4%
Properties Pending Sale .......................
186
148
107
148
-20.4%
Properties For Sale ..............................
463
465
360
435
-6.0%
Days on Market (Pending Sale) .............
36
44
40
33
-8.3%
Month’s Supply of Inventory .................
3.3
3.9
3.1
3.7
12.4%
Percent Under Contract .......................
40.2%
31.8%
29.7%
34.0%
-15.3%
$505,426
$539,083
$540,500
$537,500
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $539
MAR APR
$542,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$542 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
IMPERIAL-BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$559,000
$570,000
$595,000
$575,000
2.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
12
13
13
13
8.3%
Properties Pending Sale .......................
15
9
10
21
40.0%
Properties For Sale ..............................
40
40
40
55
37.5%
Days on Market (Pending Sale) .............
32
17
24
55
71.9%
Month’s Supply of Inventory .................
3.3
3.1
3.1
4.2
26.9%
Percent Under Contract .......................
37.5%
22.5%
25.0%
38.2%
1.8%
$511,767
$575,833
$560,833
$575,724
11.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$559
APR
$575,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LA JOLLA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,625,000
$1,875,000
$2,391,500
$2,300,000
41.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
25
33
22
35
40.0%
Properties Pending Sale .......................
34
42
15
35
2.9%
Properties For Sale ..............................
235
246
174
229
-2.6%
Days on Market (Pending Sale) .............
48
67
71
60
25.0%
Month’s Supply of Inventory .................
9.4
7.5
7.9
6.5
-30.4%
Percent Under Contract .......................
14.5%
17.1%
8.6%
15.3%
5.6%
$1,950,500
$2,304,792
$2,356,333
$2,227,250
12.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.625
APR
$2,300,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LA MESA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$534,500
$557,500
$610,000
$580,000
8.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
56
51
57
65
16.1%
Properties Pending Sale .......................
69
51
53
73
5.8%
Properties For Sale ..............................
167
171
141
185
10.8%
Days on Market (Pending Sale) .............
21
27
39
26
23.8%
Month’s Supply of Inventory .................
2.4
3.4
2.7
2.8
17.6%
Percent Under Contract .......................
41.3%
29.8%
37.6%
39.5%
-4.5%
$526,792
$582,833
$582,333
$573,568
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$534
APR
$580,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$587,500
$577,500
$655,000
$621,500
5.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
19
22
16
14
-26.3%
Properties Pending Sale .......................
20
14
17
20
0.0%
Properties For Sale ..............................
30
28
29
33
10.0%
Days on Market (Pending Sale) .............
13
21
28
20
53.8%
Month’s Supply of Inventory .................
1.5
2
1.7
2.4
57.1%
Percent Under Contract .......................
66.7%
50.0%
58.6%
60.6%
-9.1%
$553,750
$624,750
$628,000
$608,781
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$587
APR
$621,500
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$621 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LEMON GROVE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$447,500
$450,000
$435,000
$470,000
5.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
20
21
12
13
-35.0%
Properties Pending Sale .......................
23
27
20
21
-8.7%
Properties For Sale ..............................
46
56
45
47
2.2%
Days on Market (Pending Sale) .............
40
25
25
37
-7.5%
Month’s Supply of Inventory .................
2
2.1
2.2
3.6
80.8%
Percent Under Contract .......................
50.0%
48.2%
44.4%
44.7%
-10.6%
$418,896
$450,083
$458,333
$444,385
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $447
MAR APR
$470,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$470 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
NATIONAL CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$420,000
$442,500
$438,500
$395,000
-6.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
18
10
15
14
-22.2%
Properties Pending Sale .......................
15
16
9
17
13.3%
Properties For Sale ..............................
42
51
39
44
4.8%
Days on Market (Pending Sale) .............
61
35
70
29
-52.5%
Month’s Supply of Inventory .................
2.8
3.2
4.3
3.1
12.2%
Percent Under Contract .......................
35.7%
31.4%
23.1%
38.6%
8.2%
$380,854
$428,908
$430,000
$417,727
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$420
APR
$395,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$395 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
OCEANSIDE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$530,000
$545,800
$535,000
$568,000
7.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
138
134
104
125
-9.4%
Properties Pending Sale .......................
162
139
91
141
-13.0%
Properties For Sale ..............................
327
286
222
319
-2.4%
Days on Market (Pending Sale) .............
30
35
31
22
-26.7%
Month’s Supply of Inventory .................
2.4
2.1
2.1
2.6
7.7%
Percent Under Contract .......................
49.5%
48.6%
41.0%
44.2%
-10.8%
$995,000
$558,563
$558,792
$551,398
-80.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $530
MAR APR
$568,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$568 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
POWAY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$705,000
$680,000
$769,500
$745,000
5.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
38
37
38
45
18.4%
Properties Pending Sale .......................
48
51
38
55
14.6%
Properties For Sale ..............................
158
166
97
125
-20.9%
Days on Market (Pending Sale) .............
27
44
80
36
33.3%
Month’s Supply of Inventory .................
4.2
4.5
2.6
2.8
-33.2%
Percent Under Contract .......................
30.4%
30.7%
39.2%
44.0%
44.8%
$674,879
$758,000
$767,833
$754,131
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$705
APR
$745,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$745 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
RANCHO BERNARDO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$787,000
$795,000
$880,000
$832,000
5.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
111
90
65
76
-31.5%
Properties Pending Sale .......................
121
83
62
101
-16.5%
Properties For Sale ..............................
285
246
180
278
-2.5%
Days on Market (Pending Sale) .............
30
41
46
47
56.7%
Month’s Supply of Inventory .................
4.2
4.3
5
3.7
-13.5%
Percent Under Contract .......................
42.5%
33.7%
34.4%
36.3%
-14.4%
$755,049
$852,183
$827,700
$847,032
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$787
APR
$832,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$832 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN MARCOS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$634,500
$635,000
$635,000
$660,000
4.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
75
72
59
63
-16.0%
Properties Pending Sale .......................
91
70
43
78
-14.3%
Properties For Sale ..............................
165
179
115
189
14.5%
Days on Market (Pending Sale) .............
36
29
33
19
-47.2%
Month’s Supply of Inventory .................
2.2
2.5
1.9
3
36.4%
Percent Under Contract .......................
55.2%
39.1%
37.4%
41.3%
-25.2%
$573,771
$626,833
$616,333
$634,596
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $634
MAR APR
$660,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$660 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SAN DIEGO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$640,000
$625,100
$667,000
$700,000
9.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
61
63
58
61
0.0%
Properties Pending Sale .......................
72
64
51
71
-1.4%
Properties For Sale ..............................
135
149
106
138
2.2%
Days on Market (Pending Sale) .............
16
24
26
22
37.5%
Month’s Supply of Inventory .................
2.2
2.4
1.8
2.3
2.2%
Percent Under Contract .......................
53.3%
43.0%
48.1%
51.4%
-3.5%
$592,596
$673,750
$691,000
$653,580
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$640
APR
$700,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$700 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTEE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$496,000
$509,450
$527,000
$535,000
7.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
35
40
40
33
-5.7%
Properties Pending Sale .......................
39
36
27
42
7.7%
Properties For Sale ..............................
79
93
61
109
38.0%
Days on Market (Pending Sale) .............
18
20
17
22
22.2%
Month’s Supply of Inventory .................
2.3
2.3
1.5
3.3
46.3%
Percent Under Contract .......................
49.4%
38.7%
44.3%
38.5%
-21.9%
$476,283
$530,583
$537,333
$517,688
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$496
APR
$535,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$535 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SOLANA BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,450,000
$1,336,750
$1,500,000
$1,502,500
3.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
3
16
3
8
166.7%
Properties Pending Sale .......................
8
5
1
7
-12.5%
Properties For Sale ..............................
32
25
23
29
-9.4%
Days on Market (Pending Sale) .............
33
30
15
28
-15.2%
Month’s Supply of Inventory .................
10.7
1.6
7.7
3.6
-66.0%
Percent Under Contract .......................
25.0%
20.0%
4.3%
24.1%
-3.4%
$1,548,583
$1,626,667
$1,515,833
$1,535,904
-0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.450
APR
$1,502,500
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.502 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SPRING VALLEY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$435,000
$438,500
$470,000
$515,000
18.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
61
42
37
44
-27.9%
Properties Pending Sale .......................
60
56
33
52
-13.3%
Properties For Sale ..............................
133
153
100
132
-0.8%
Days on Market (Pending Sale) .............
30
40
37
30
0.0%
Month’s Supply of Inventory .................
2.2
3.6
2.7
3
37.6%
Percent Under Contract .......................
45.1%
36.6%
33.0%
39.4%
-12.7%
$431,204
$484,750
$493,667
$465,481
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$435
APR
$515,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$515 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
VISTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$524,000
$559,000
$550,000
$544,000
3.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
87
74
69
59
-32.2%
Properties Pending Sale .......................
96
74
44
71
-26.0%
Properties For Sale ..............................
226
243
174
207
-8.4%
Days on Market (Pending Sale) .............
29
35
57
41
41.4%
Month’s Supply of Inventory .................
2.6
3.3
2.5
3.5
35.1%
Percent Under Contract .......................
42.5%
30.5%
25.3%
34.3%
-19.3%
$495,979
$549,883
$552,167
$540,100
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $524
MAR APR
$544,000
MAY JUN
MEDIAN SALES PRICE
JUL
N/A
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$544 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : March 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : March 2018
BERMUDA DUNES
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,300,000
$435,000
$800,000
$490,000
-62.3%
Average Price per Square Foot ..............
$285
$197
$259
$196
-31.2%
Properties Sold ...................................
1
1
1
1
0.0%
Properties Pending Sale .......................
5
1
1
1
-80.0%
Properties For Sale ..............................
16
12
12
10
-37.5%
Days on Market (Pending Sale) .............
48
197
71
70
45.8%
Month’s Supply of Inventory .................
16
12
12
10
-37.5%
Percent Under Contract .......................
31.2%
8.3%
8.3%
10.0%
-68.0%
$304,708
$499,228
$413,956
$494,310
38.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.300
MAR APR
$490,000
MAY JUN
MEDIAN SALES PRICE
JUL
$196
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$490 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CATHEDRAL CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$282,000
$275,000
$310,000
$292,000
3.5%
Average Price per Square Foot ..............
$181
$171
$190
$183
1.1%
Properties Sold ...................................
18
19
23
27
50.0%
Properties Pending Sale .......................
38
25
23
30
-21.1%
Properties For Sale ..............................
131
107
106
101
-22.9%
Days on Market (Pending Sale) .............
60
30
47
41
-31.7%
Month’s Supply of Inventory .................
7.3
5.6
4.6
3.7
-48.6%
Percent Under Contract .......................
29.0%
23.4%
21.7%
29.7%
2.4%
$279,783
$319,167
$321,000
$303,381
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$282
APR
$292,000
MAY JUN
MEDIAN SALES PRICE
JUL
$183
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$292 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
COACHELLA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$215,000
$178,000
$265,000
$241,500
12.3%
Average Price per Square Foot ..............
$87
$122
$165
$151
73.6%
Properties Sold ...................................
1
1
3
2
100.0%
Properties Pending Sale .......................
4
4
4
4
0.0%
Properties For Sale ..............................
14
16
16
14
0.0%
Days on Market (Pending Sale) .............
96
33
66
22
-77.1%
Month’s Supply of Inventory .................
14
16
5.3
7
-50.0%
Percent Under Contract .......................
28.6%
25.0%
25.0%
28.6%
0.0%
$209,208
$264,492
$258,000
$241,988
13.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$215
APR
$241,500
MAY JUN
MEDIAN SALES PRICE
JUL
$151
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$241 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DESERT HOT SPRINGS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$193,000
$217,500
$225,000
$219,000
13.5%
Average Price per Square Foot ..............
$133
$127
$129
$135
1.5%
Properties Sold ...................................
23
22
34
31
34.8%
Properties Pending Sale .......................
38
28
30
33
-13.2%
Properties For Sale ..............................
168
164
167
153
-8.9%
Days on Market (Pending Sale) .............
86
82
75
69
-19.8%
Month’s Supply of Inventory .................
7.3
7.5
4.9
4.9
-32.4%
Percent Under Contract .......................
22.6%
17.1%
18.0%
21.6%
-4.6%
$180,045
$218,792
$220,000
$209,008
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$193
APR
$219,000
MAY JUN
MEDIAN SALES PRICE
JUL
$135
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$219 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
INDIAN WELLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$0
$680,000
$0
$0
n/a
Average Price per Square Foot ..............
$0
$322
$0
$0
n/a
Properties Sold ...................................
0
1
0
0
n/a
Properties Pending Sale .......................
2
1
5
3
50.0%
Properties For Sale ..............................
26
12
19
18
-30.8%
Days on Market (Pending Sale) .............
24
49
78
140
483.3%
Month’s Supply of Inventory .................
n/a
12
n/a
n/a
n/a
Percent Under Contract .......................
7.7%
8.3%
26.3%
16.7%
116.7%
$609,521
$839,875
$830,000
$850,875
28.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR 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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
INDIO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$300,000
$315,000
$275,000
$293,750
-2.1%
Average Price per Square Foot ..............
$149
$142
$148
$163
9.4%
Properties Sold ...................................
25
19
15
16
-36.0%
Properties Pending Sale .......................
19
18
26
27
42.1%
Properties For Sale ..............................
98
78
102
94
-4.1%
Days on Market (Pending Sale) .............
48
52
58
58
20.8%
Month’s Supply of Inventory .................
3.9
4.1
6.8
5.9
49.9%
Percent Under Contract .......................
19.4%
23.1%
25.5%
28.7%
48.2%
$292,995
$284,083
$293,417
$286,038
-2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $300
MAR APR
$293,750
MAY JUN
MEDIAN SALES PRICE
JUL
$163
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$293 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
LA QUINTA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$485,000
$404,500
$363,000
$368,000
-24.1%
Average Price per Square Foot ..............
$224
$202
$195
$208
-7.1%
Properties Sold ...................................
11
8
9
15
36.4%
Properties Pending Sale .......................
18
13
10
14
-22.2%
Properties For Sale ..............................
113
78
70
76
-32.7%
Days on Market (Pending Sale) .............
72
70
61
71
-1.4%
Month’s Supply of Inventory .................
10.3
9.8
7.8
5.1
-50.7%
Percent Under Contract .......................
15.9%
16.7%
14.3%
18.4%
15.6%
$342,223
$369,275
$370,967
$370,473
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $485
MAR APR
$368,000
MAY JUN
MEDIAN SALES PRICE
JUL
$208
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$368 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PALM DESERT
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$315,000
$297,000
$430,000
$340,000
7.9%
Average Price per Square Foot ..............
$190
$204
$186
$224
17.9%
Properties Sold ...................................
23
9
13
23
0.0%
Properties Pending Sale .......................
18
12
15
24
33.3%
Properties For Sale ..............................
106
75
101
116
9.4%
Days on Market (Pending Sale) .............
72
82
41
60
-16.7%
Month’s Supply of Inventory .................
4.6
8.3
7.8
5
9.4%
Percent Under Contract .......................
17.0%
16.0%
14.9%
20.7%
21.8%
$353,281
$386,233
$396,300
$368,915
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$315
APR
$340,000
MAY JUN
MEDIAN SALES PRICE
JUL
$224
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$340 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
PALM SPRINGS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$617,450
$518,750
$630,150
$695,000
12.6%
Average Price per Square Foot ..............
$311
$319
$373
$382
22.8%
Properties Sold ...................................
80
56
60
51
-36.2%
Properties Pending Sale .......................
100
58
50
97
-3.0%
Properties For Sale ..............................
489
380
385
459
-6.1%
Days on Market (Pending Sale) .............
86
96
62
71
-17.4%
Month’s Supply of Inventory .................
6.1
6.8
6.4
9
47.2%
Percent Under Contract .......................
20.4%
15.3%
13.0%
21.1%
3.3%
$583,579
$648,650
$655,083
$620,854
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$617
APR
$695,000
MAY JUN
MEDIAN SALES PRICE
JUL
$382
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$695 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
RANCHO MIRAGE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$650,000
$458,000
$630,000
$562,500
-13.5%
Average Price per Square Foot ..............
$223
$233
$256
$219
-1.8%
Properties Sold ...................................
21
11
13
20
-4.8%
Properties Pending Sale .......................
25
11
8
19
-24.0%
Properties For Sale ..............................
179
116
135
141
-21.2%
Days on Market (Pending Sale) .............
79
127
70
96
21.5%
Month’s Supply of Inventory .................
8.5
10.5
10.4
7
-17.3%
Percent Under Contract .......................
14.0%
9.5%
5.9%
13.5%
-3.5%
$536,000
$604,542
$593,417
$581,481
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $650
MAR APR
$562,500
MAY JUN
MEDIAN SALES PRICE
JUL
$219
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$562 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
THOUSAND PALMS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$234,950
$315,000
$570,000
$193,000
-17.9%
Average Price per Square Foot ..............
$132
$139
$219
$158
19.7%
Properties Sold ...................................
4
2
1
3
-25.0%
Properties Pending Sale .......................
0
0
2
3
n/a
Properties For Sale ..............................
6
9
8
12
100.0%
Days on Market (Pending Sale) .............
0
0
20
12
n/a
Month’s Supply of Inventory .................
n/a
n/a
4
4
n/a
Percent Under Contract .......................
0.0%
0.0%
25.0%
25.0%
n/a
$95,366
$372,250
$306,333
$239,659
60.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$234
APR
$193,000
MAY JUN
MEDIAN SALES PRICE
JUL
$158
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$193 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CONDOMINIUMS
BEVERLY CENTER - MIRACLE MILE
SANTA MONICA
BEVERLY HILLS
SHERMAN OAKS
BRENTWOOD
STUDIO CITY
CULVER CITY
VENICE
ENCINO
WEST HOLLYWOOD
MALIBU
WEST LA
MARINA DEL REY
WESTWOOD - CENTURY CITY
Micro Market Report : March 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : March 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$700,000
$795,000
$804,000
$1,050,000
50.0%
Average Price per Square Foot ..............
$595
$575
$643
$620
4.2%
Properties Sold ...................................
9
11
8
3
-66.7%
Properties Pending Sale .......................
9
9
3
14
55.6%
Properties For Sale ..............................
33
26
10
28
-15.2%
Days on Market (Pending Sale) .............
30
23
63
27
-10.0%
Month’s Supply of Inventory .................
3.7
2.4
1.2
9.3
154.5%
Percent Under Contract .......................
27.3%
34.6%
30.0%
50.0%
83.3%
$743,250
$753,833
$687,333
$741,616
-0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$700
APR
$1,050,000
MAY JUN
MEDIAN SALES PRICE
JUL
$620
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BEVERLY HILLS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,655,750
$1,085,000
$1,450,444
$1,232,500
-25.6%
Average Price per Square Foot ..............
$801
$679
$813
$794
-0.9%
Properties Sold ...................................
12
9
11
10
-16.7%
Properties Pending Sale .......................
17
9
4
10
-41.2%
Properties For Sale ..............................
59
55
35
41
-30.5%
Days on Market (Pending Sale) .............
62
47
57
37
-40.3%
Month’s Supply of Inventory .................
4.9
6.1
3.2
4.1
-16.6%
Percent Under Contract .......................
28.8%
16.4%
11.4%
24.4%
-15.4%
$1,237,157
$1,217,074
$1,226,667
$1,298,323
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.655
MAR APR
$1,232,500
MAY JUN
MEDIAN SALES PRICE
JUL
$794
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.232 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
BRENTWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$865,000
$915,000
$1,074,500
$823,500
-4.8%
Average Price per Square Foot ..............
$590
$666
$679
$681
15.4%
Properties Sold ...................................
13
17
18
8
-38.5%
Properties Pending Sale .......................
18
17
8
16
-11.1%
Properties For Sale ..............................
67
53
38
52
-22.4%
Days on Market (Pending Sale) .............
28
34
28
16
-42.9%
Month’s Supply of Inventory .................
5.2
3.1
2.1
6.5
26.1%
Percent Under Contract .......................
26.9%
32.1%
21.1%
30.8%
14.5%
$829,082
$884,333
$840,167
$900,308
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$865
APR
$823,500
MAY JUN
MEDIAN SALES PRICE
JUL
$681
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$823 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
CULVER CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$497,500
$554,500
$493,000
$616,750
24.0%
Average Price per Square Foot ..............
$517
$509
$535
$566
9.5%
Properties Sold ...................................
18
14
14
16
-11.1%
Properties Pending Sale .......................
17
10
18
13
-23.5%
Properties For Sale ..............................
29
21
25
24
-17.2%
Days on Market (Pending Sale) .............
18
31
24
16
-11.1%
Month’s Supply of Inventory .................
1.6
1.5
1.8
1.5
-6.9%
Percent Under Contract .......................
58.6%
47.6%
72.0%
54.2%
-7.6%
$478,048
$556,958
$573,250
$535,981
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$497
APR
$616,750
MAY JUN
MEDIAN SALES PRICE
JUL
$566
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$616 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
DOWNTOWN
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$645,250
$615,000
$611,000
$586,000
-9.2%
Average Price per Square Foot ..............
$669
$689
$624
$740
10.6%
Properties Sold ...................................
36
45
31
46
27.8%
Properties Pending Sale .......................
46
36
31
45
-2.2%
Properties For Sale ..............................
224
223
175
191
-14.7%
Days on Market (Pending Sale) .............
51
42
67
53
3.9%
Month’s Supply of Inventory .................
6.2
5
5.6
4.2
-33.3%
Percent Under Contract .......................
20.5%
16.1%
17.7%
23.6%
14.7%
$587,833
$632,625
$629,917
$627,019
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$645
APR
$586,000
MAY JUN
MEDIAN SALES PRICE
JUL
$740
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$586 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
ENCINO
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$310,000
$398,000
$426,000
$436,000
40.6%
Average Price per Square Foot ..............
$338
$411
$343
$384
13.6%
Properties Sold ...................................
15
12
20
20
33.3%
Properties Pending Sale .......................
21
19
12
19
-9.5%
Properties For Sale ..............................
19
20
14
16
-15.8%
Days on Market (Pending Sale) .............
57
47
74
41
-28.1%
Month’s Supply of Inventory .................
1.3
1.7
0.7
0.8
-36.8%
Percent Under Contract .......................
110.5%
95.0%
85.7%
118.8%
7.4%
Average Median Price for Last 12 Months
$356,833
$400,667
$463,667
$379,769
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
$310
APR
$436,000
MAY JUN
MEDIAN SALES PRICE
JUL
$384
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$436 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MALIBU
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$925,000
$710,000
$1,162,500
$1,200,000
29.7%
Average Price per Square Foot ..............
$473
$818
$1,030
$792
67.4%
Properties Sold ...................................
2
3
4
5
150.0%
Properties Pending Sale .......................
5
2
5
3
-40.0%
Properties For Sale ..............................
26
21
23
20
-23.1%
Days on Market (Pending Sale) .............
53
2
47
143
169.8%
Month’s Supply of Inventory .................
13
7
5.8
0.1
-98.9%
Percent Under Contract .......................
19.2%
9.5%
21.7%
15.0%
-22.0%
$1,030,604
$1,060,500
$1,045,000
$952,409
-7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$925
APR
$1,200,000
MAY JUN
MEDIAN SALES PRICE
JUL
$792
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.200 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MALIBU BEACH
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,000,000
$670,000
$2,665,000
$1,275,000
27.5%
Average Price per Square Foot ..............
$1,014
$768
$2,031
$0
-100.0%
Properties Sold ...................................
1
1
2
8
700.0%
Properties Pending Sale .......................
1
2
2
3
200.0%
Properties For Sale ..............................
10
10
13
17
70.0%
Days on Market (Pending Sale) .............
85
138
69
8
-90.6%
Month’s Supply of Inventory .................
10
10
6.5
2.1
-78.8%
Percent Under Contract .......................
10.0%
20.0%
15.4%
17.6%
76.5%
$906,188
$1,314,390
$1,030,000
$1,098,177
21.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.000
APR
$1,275,000
MAY JUN
MEDIAN SALES PRICE
JUL
NO SALES
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
MARINA DEL REY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$884,000
$899,000
$870,000
$980,000
10.9%
Average Price per Square Foot ..............
$610
$664
$719
$790
29.5%
Properties Sold ...................................
36
17
23
25
-30.6%
Properties Pending Sale .......................
28
20
14
19
-32.1%
Properties For Sale ..............................
89
94
74
79
-11.2%
Days on Market (Pending Sale) .............
36
26
38
19
-47.2%
Month’s Supply of Inventory .................
2.5
5.5
3.2
3.2
27.8%
Percent Under Contract .......................
31.5%
21.3%
18.9%
24.1%
-23.6%
$898,875
$934,167
$971,667
$920,588
2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$884
APR
$980,000
MAY JUN
MEDIAN SALES PRICE
JUL
$790
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$980 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SANTA MONICA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$810,000
$1,065,000
$1,000,000
$998,000
23.2%
Average Price per Square Foot ..............
$877
$997
$1,057
$1,015
15.7%
Properties Sold ...................................
21
32
18
27
28.6%
Properties Pending Sale .......................
27
18
8
34
25.9%
Properties For Sale ..............................
83
86
70
118
42.2%
Days on Market (Pending Sale) .............
30
29
34
34
13.3%
Month’s Supply of Inventory .................
4
2.7
3.9
4.4
10.6%
Percent Under Contract .......................
32.5%
20.9%
11.4%
28.8%
-11.4%
$907,729
$1,086,083
$1,132,167
$1,023,577
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$810
APR
$998,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,015
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$998 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
SHERMAN OAKS
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$485,000
$540,000
$510,000
$560,000
15.5%
Average Price per Square Foot ..............
$359
$397
$400
$419
16.7%
Properties Sold ...................................
21
16
19
23
9.5%
Properties Pending Sale .......................
24
23
13
23
-4.2%
Properties For Sale ..............................
38
15
8
17
-55.3%
Days on Market (Pending Sale) .............
54
41
39
35
-35.2%
Month’s Supply of Inventory .................
1.8
0.9
0.4
0.7
-59.2%
Percent Under Contract .......................
63.2%
153.3%
162.5%
135.3%
114.2%
$453,417
$520,833
$538,667
$512,923
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$485
APR
$560,000
MAY JUN
MEDIAN SALES PRICE
JUL
$419
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
0.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$560 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
STUDIO CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$508,000
$860,000
$720,000
$588,000
15.7%
Average Price per Square Foot ..............
$455
$520
$464
$523
14.9%
Properties Sold ...................................
11
24
19
9
-18.2%
Properties Pending Sale .......................
17
20
14
4
-76.5%
Properties For Sale ..............................
25
22
9
11
-56.0%
Days on Market (Pending Sale) .............
59
47
43
64
8.5%
Month’s Supply of Inventory .................
2.3
0.9
0.5
1.2
-46.2%
Percent Under Contract .......................
68.0%
90.9%
155.6%
36.4%
-46.5%
$548,167
$662,000
$626,000
$662,538
20.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$508
APR
$588,000
MAY JUN
MEDIAN SALES PRICE
JUL
$523
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$588 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
VENICE
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$1,112,500
$1,244,000
$1,220,000
$0
-100.0%
Average Price per Square Foot ..............
$740
$887
$687
$0
-100.0%
Properties Sold ...................................
2
5
1
0
-100.0%
Properties Pending Sale .......................
3
2
3
1
-66.7%
Properties For Sale ..............................
9
15
19
10
11.1%
Days on Market (Pending Sale) .............
20
105
30
22
10.0%
Month’s Supply of Inventory .................
4.5
3
19
n/a
n/a
Percent Under Contract .......................
33.3%
13.3%
15.8%
10.0%
-70.0%
$996,833
$1,258,200
$1,382,500
$1,213,273
21.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$1.112
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST HOLLYWOOD
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$700,000
$679,150
$735,000
$706,000
0.9%
Average Price per Square Foot ..............
$696
$655
$713
$702
0.9%
Properties Sold ...................................
32
30
35
38
18.8%
Properties Pending Sale .......................
44
27
19
34
-22.7%
Properties For Sale ..............................
132
116
75
101
-23.5%
Days on Market (Pending Sale) .............
33
44
39
23
-30.3%
Month’s Supply of Inventory .................
4.1
3.9
2.1
2.7
-35.6%
Percent Under Contract .......................
33.3%
23.3%
25.3%
33.7%
1.0%
$683,500
$717,167
$708,667
$700,165
2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$700
APR
$706,000
MAY JUN
MEDIAN SALES PRICE
JUL
$702
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$706 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WEST LA
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$671,250
$790,000
$880,000
$901,000
34.2%
Average Price per Square Foot ..............
$650
$613
$583
$630
-3.1%
Properties Sold ...................................
8
9
9
8
0.0%
Properties Pending Sale .......................
5
13
5
15
200.0%
Properties For Sale ..............................
23
30
16
26
13.0%
Days on Market (Pending Sale) .............
47
17
29
12
-74.5%
Month’s Supply of Inventory .................
2.9
3.3
1.8
3.2
13.0%
Percent Under Contract .......................
21.7%
43.3%
31.2%
57.7%
165.4%
$775,196
$872,917
$937,333
$817,186
5.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$671
APR
$901,000
MAY JUN
MEDIAN SALES PRICE
JUL
$630
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$901 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
WESTWOOD - CENTURY CITY
DATA*
Mar 2017
6 MONTH
3 MONTH
Mar 2018
% CHANGE
Median Price ......................................
$791,000
$990,000
$908,000
$957,500
21.0%
Average Price per Square Foot ..............
$765
$746
$710
$778
1.7%
Properties Sold ...................................
47
37
39
56
19.1%
Properties Pending Sale .......................
49
44
31
51
4.1%
Properties For Sale ..............................
204
212
167
185
-9.3%
Days on Market (Pending Sale) .............
38
50
70
41
7.9%
Month’s Supply of Inventory .................
4.3
5.7
4.3
3.3
-23.9%
Percent Under Contract .......................
24.0%
20.8%
18.6%
27.6%
14.8%
$841,538
$938,250
$992,167
$901,769
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAR
$791
APR
$957,500
MAY JUN
MEDIAN SALES PRICE
JUL
$778
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$957 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : March 2018
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MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH March 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego