micro market report luxury real estate market research May 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : May 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : May 2014
telesproperties.com
Los Angeles County DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$850,000
$837,500
$886,250
$900,500
5.9%
Average Price per Square Foot ...........................
$569
$555
$659
$633
11.2%
Properties Sold .......................................................
811
640
498
800
-1.4%
Properties Pending Sale .......................................
975
678
701
885
-9.2%
Properties For Sale ................................................
3,479
3,425
3,141
3,817
9.7%
Days on Market (Pending Sale) ...........................
44
56
55
44
0.0%
Month’s Supply of Inventory ................................
4.3
5.4
6.3
4.8
11.2%
Percent Under Contract ........................................
28.0%
19.8%
22.3%
23.2%
-17.3%
Average Median Price for Last 12 Months ........
$681,000
$879,292
$898,500
$865,750
21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$850
JUN
$900,500
JUL AUG
MEDIAN SALES PRICE
SEP
$633
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,885,000
$2,249,500
$1,645,000
$3,408,794
80.8%
Average Price per Square Foot ...........................
$827
$736
$1,079
$947
14.5%
Properties Sold .......................................................
9
15
8
15
66.7%
Properties Pending Sale .......................................
18
12
16
15
-16.7%
Properties For Sale ................................................
123
121
104
112
-8.9%
Days on Market (Pending Sale) ...........................
67
93
156
59
-11.9%
Month’s Supply of Inventory ................................
13.7
8.1
13
7.5
-45.4%
Percent Under Contract ........................................
14.6%
9.9%
15.4%
13.4%
-8.5%
Average Median Price for Last 12 Months ........
$1,881,000
$3,022,049
$4,266,265
$2,543,715
26.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.885
JUN
$3,408,794
JUL AUG
MEDIAN SALES PRICE
SEP
$947
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.408 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,117,500
$1,607,500
$1,401,250
$1,230,000
10.1%
Average Price per Square Foot ...........................
$546
$588
$626
$632
15.8%
Properties Sold .......................................................
30
8
12
21
-30.0%
Properties Pending Sale .......................................
25
13
16
21
-16.0%
Properties For Sale ................................................
67
57
66
67
0.0%
Days on Market (Pending Sale) ...........................
31
51
34
37
19.4%
Month’s Supply of Inventory ................................
2.2
7.1
5.5
3.2
42.9%
Percent Under Contract ........................................
37.3%
22.8%
24.2%
31.3%
-16.0%
Average Median Price for Last 12 Months ........
$1,007,000
$1,263,542
$1,215,000
$1,259,996
20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.117
JUN
$1,230,000
JUL AUG
MEDIAN SALES PRICE
SEP
$632
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.230 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Beverly Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$4,575,000
$4,797,500
$5,600,000
$6,350,000
38.8%
Average Price per Square Foot ...........................
$1,102
$1,225
$1,410
$1,456
32.1%
Properties Sold .......................................................
17
10
10
14
-17.6%
Properties Pending Sale .......................................
19
12
18
12
-36.8%
Properties For Sale ................................................
108
98
89
95
-12.0%
Days on Market (Pending Sale) ...........................
72
137
64
51
-29.2%
Month’s Supply of Inventory ................................
6.4
9.8
8.9
6.8
6.8%
Percent Under Contract ........................................
17.6%
12.2%
20.2%
12.6%
-28.2%
Average Median Price for Last 12 Months ........
$4,372,000
$5,362,567
$5,052,333
$4,894,262
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$4.575
JUN
$6,350,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,456
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$6.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Beverly Hills- Post Office DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,268,000
$1,679,000
$2,225,000
$2,065,000
-9.0%
Average Price per Square Foot ...........................
$766
$740
$637
$664
-13.3%
Properties Sold .......................................................
12
12
9
12
0.0%
Properties Pending Sale .......................................
13
12
7
18
38.5%
Properties For Sale ................................................
103
116
107
124
20.4%
Days on Market (Pending Sale) ...........................
42
64
88
93
121.4%
Month’s Supply of Inventory ................................
8.6
9.7
11.9
10.3
20.4%
Percent Under Contract ........................................
12.6%
10.3%
6.5%
14.5%
15.0%
Average Median Price for Last 12 Months ........
$1,993,000
$2,315,417
$2,485,000
$2,174,206
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.268
JUN
$2,065,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Beverlywood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$852,310
$849,000
$846,000
$865,000
1.5%
Average Price per Square Foot ...........................
$566
$533
$545
$542
-4.2%
Properties Sold .......................................................
8
14
8
17
112.5%
Properties Pending Sale .......................................
16
14
21
21
31.2%
Properties For Sale ................................................
41
56
57
66
61.0%
Days on Market (Pending Sale) ...........................
33
31
36
27
-18.2%
Month’s Supply of Inventory ................................
5.1
4
7.1
3.9
-24.2%
Percent Under Contract ........................................
39.0%
25.0%
36.8%
31.8%
-18.5%
Average Median Price for Last 12 Months ........
$777,000
$981,417
$948,333
$937,447
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$852
JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$542
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Brentwood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,710,000
$2,082,500
$4,050,000
$3,166,500
16.8%
Average Price per Square Foot ...........................
$880
$780
$952
$1,071
21.7%
Properties Sold .......................................................
27
16
13
22
-18.5%
Properties Pending Sale .......................................
31
19
9
31
0.0%
Properties For Sale ................................................
124
104
84
123
-0.8%
Days on Market (Pending Sale) ...........................
52
54
27
52
0.0%
Month’s Supply of Inventory ................................
4.6
6.5
6.5
5.6
21.7%
Percent Under Contract ........................................
25.0%
18.3%
10.7%
25.2%
0.8%
Average Median Price for Last 12 Months ........
$2,016,000
$2,854,046
$2,827,167
$2,612,906
22.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.710
JUN
$3,166,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,071
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.166 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,222,500
$1,511,500
$2,000,000
$1,492,500
22.1%
Average Price per Square Foot ...........................
$608
$605
$509
$815
34.0%
Properties Sold .......................................................
3
4
3
8
166.7%
Properties Pending Sale .......................................
10
3
4
12
20.0%
Properties For Sale ................................................
32
14
12
27
-15.6%
Days on Market (Pending Sale) ...........................
12
32
9
23
91.7%
Month’s Supply of Inventory ................................
10.7
3.5
4
3.4
-68.4%
Percent Under Contract ........................................
31.2%
21.4%
33.3%
44.4%
42.2%
Average Median Price for Last 12 Months ........
$1,298,000
$1,588,733
$1,434,467
$1,525,531
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.222
JUN
$1,492,500
JUL AUG
MEDIAN SALES PRICE
SEP
$815
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.492 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Culver City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$736,000
$790,750
$807,500
$860,000
16.8%
Average Price per Square Foot ...........................
$524
$575
$529
$597
13.9%
Properties Sold .......................................................
15
8
12
13
-13.3%
Properties Pending Sale .......................................
27
12
9
18
-33.3%
Properties For Sale ................................................
58
36
29
40
-31.0%
Days on Market (Pending Sale) ...........................
25
43
60
28
12.0%
Month’s Supply of Inventory ................................
3.9
4.5
2.4
3.1
-20.4%
Percent Under Contract ........................................
46.6%
33.3%
31.0%
45.0%
-3.3%
Average Median Price for Last 12 Months ........
$714,000
$806,167
$809,833
$805,538
11.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$736
JUN
$860,000
JUL AUG
MEDIAN SALES PRICE
SEP
$597
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Hancock Park - Wilshire DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,127,500
$1,475,000
$1,724,950
$1,078,250
-4.4%
Average Price per Square Foot ...........................
$574
$592
$641
$586
2.1%
Properties Sold .......................................................
28
23
20
22
-21.4%
Properties Pending Sale .......................................
28
16
20
26
-7.1%
Properties For Sale ................................................
110
98
81
113
2.7%
Days on Market (Pending Sale) ...........................
31
47
61
35
12.9%
Month’s Supply of Inventory ................................
3.9
4.3
4
5.1
30.7%
Percent Under Contract ........................................
25.5%
16.3%
24.7%
23.0%
-9.6%
Average Median Price for Last 12 Months ........
$1,055,000
$1,310,408
$1,152,083
$1,270,044
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.127
JUN
$1,078,250
JUL AUG
MEDIAN SALES PRICE
SEP
$586
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.078 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Hollywood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$612,000
$618,000
$2,200,000
$1,325,000
116.5%
Average Price per Square Foot ...........................
$559
$423
$639
$553
-1.1%
Properties Sold .......................................................
5
5
1
5
0.0%
Properties Pending Sale .......................................
6
3
4
10
66.7%
Properties For Sale ................................................
23
16
17
32
39.1%
Days on Market (Pending Sale) ...........................
26
58
99
62
138.5%
Month’s Supply of Inventory ................................
4.6
3.2
17
6.4
39.1%
Percent Under Contract ........................................
26.1%
18.8%
23.5%
31.2%
19.8%
Average Median Price for Last 12 Months ........
$654,000
$1,090,400
$920,833
$810,958
19.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$612
JUN
$1,325,000
JUL AUG
MEDIAN SALES PRICE
SEP
$553
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Hollywood Hills East DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$905,000
$1,041,000
$1,597,000
$965,000
6.6%
Average Price per Square Foot ...........................
$457
$518
$583
$549
20.1%
Properties Sold .......................................................
15
10
7
11
-26.7%
Properties Pending Sale .......................................
19
4
7
12
-36.8%
Properties For Sale ................................................
70
45
46
62
-11.4%
Days on Market (Pending Sale) ...........................
63
29
73
34
-46.0%
Month’s Supply of Inventory ................................
3.7
11.2
6.6
5.6
53.0%
Percent Under Contract ........................................
27.1%
8.9%
15.2%
19.4%
-28.7%
Average Median Price for Last 12 Months ........
$944,000
$1,259,417
$1,039,500
$1,137,758
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$905
JUN
$965,000
JUL AUG
MEDIAN SALES PRICE
SEP
$549
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Laurel Canyon DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,019,500
$1,243,500
$1,385,000
$1,390,000
36.3%
Average Price per Square Foot ...........................
$622
$563
$601
$713
14.6%
Properties Sold .......................................................
30
17
24
29
-3.3%
Properties Pending Sale .......................................
29
15
29
27
-6.9%
Properties For Sale ................................................
130
130
129
142
9.2%
Days on Market (Pending Sale) ...........................
51
64
67
55
7.8%
Month’s Supply of Inventory ................................
4.5
8.7
4.4
4.9
9.2%
Percent Under Contract ........................................
22.3%
11.5%
22.5%
19.0%
-14.8%
Average Median Price for Last 12 Months ........
$1,154,000
$1,369,407
$1,451,667
$1,296,754
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.019
JUN
$1,390,000
JUL AUG
MEDIAN SALES PRICE
SEP
$713
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Los Feliz DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,200,000
$1,097,000
$1,150,000
$1,180,000
-1.7%
Average Price per Square Foot ...........................
$611
$540
$567
$693
13.4%
Properties Sold .......................................................
21
12
15
21
0.0%
Properties Pending Sale .......................................
30
12
18
21
-30.0%
Properties For Sale ................................................
92
72
77
94
2.2%
Days on Market (Pending Sale) ...........................
38
52
39
38
0.0%
Month’s Supply of Inventory ................................
3.1
6
4.3
4.5
46.0%
Percent Under Contract ........................................
32.6%
16.7%
23.4%
22.3%
-31.5%
Average Median Price for Last 12 Months ........
$1,020,000
$1,271,583
$1,274,167
$1,262,363
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.200
JUN
$1,180,000
JUL AUG
MEDIAN SALES PRICE
SEP
$693
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.180 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Malibu DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,437,500
$1,837,500
$2,091,959
$2,775,000
13.8%
Average Price per Square Foot ...........................
$760
$808
$671
$792
4.2%
Properties Sold .......................................................
6
18
14
17
183.3%
Properties Pending Sale .......................................
18
15
14
17
-5.6%
Properties For Sale ................................................
208
182
173
201
-3.4%
Days on Market (Pending Sale) ...........................
162
114
197
136
-16.0%
Month’s Supply of Inventory ................................
34.7
10.1
12.4
11.8
-65.9%
Percent Under Contract ........................................
8.7%
8.2%
8.1%
8.5%
-2.3%
Average Median Price for Last 12 Months ........
$1,811,000
$2,421,993
$2,281,667
$2,213,016
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.437
JUN
$2,775,000
JUL AUG
MEDIAN SALES PRICE
SEP
$792
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Malibu Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,250,000
$5,075,000
$6,662,500
$9,930,000
341.3%
Average Price per Square Foot ...........................
$1,200
$1,443
$2,630
$2,422
101.8%
Properties Sold .......................................................
3
2
4
1
-66.7%
Properties Pending Sale .......................................
3
11
3
2
-33.3%
Properties For Sale ................................................
86
70
61
80
-7.0%
Days on Market (Pending Sale) ...........................
117
178
77
72
-38.5%
Month’s Supply of Inventory ................................
28.7
35
15.2
80
179.1%
Percent Under Contract ........................................
3.5%
15.7%
4.9%
2.5%
-28.3%
Average Median Price for Last 12 Months ........
$6,189,000
$5,922,729
$6,619,208
$5,957,538
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.250
JUN
$9,930,000
JUL AUG
MEDIAN SALES PRICE
SEP
$2,422
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
80 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$9.930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Marina Del Rey DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,030,178
$1,900,000
$1,715,000
$1,735,000
-14.5%
Average Price per Square Foot ...........................
$577
$544
$522
$631
9.4%
Properties Sold .......................................................
2
3
5
9
350.0%
Properties Pending Sale .......................................
5
2
7
5
0.0%
Properties For Sale ................................................
19
24
26
23
21.1%
Days on Market (Pending Sale) ...........................
46
37
30
52
13.0%
Month’s Supply of Inventory ................................
9.5
8
5.2
2.6
-73.1%
Percent Under Contract ........................................
26.3%
8.3%
26.9%
21.7%
-17.4%
Average Median Price for Last 12 Months ........
$1,447,000
$1,617,500
$1,415,000
$1,544,418
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.030
JUN
$1,735,000
JUL AUG
MEDIAN SALES PRICE
SEP
$631
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Mid Los Angeles DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$500,000
$490,000
$461,562
$625,000
25.0%
Average Price per Square Foot ...........................
$309
$295
$338
$353
14.2%
Properties Sold .......................................................
23
17
16
13
-43.5%
Properties Pending Sale .......................................
16
22
19
12
-25.0%
Properties For Sale ................................................
53
71
60
55
3.8%
Days on Market (Pending Sale) ...........................
28
42
46
39
39.3%
Month’s Supply of Inventory ................................
2.3
4.2
3.8
4.2
83.6%
Percent Under Contract ........................................
30.2%
31.0%
31.7%
21.8%
-27.7%
Average Median Price for Last 12 Months ........
$351,000
$505,677
$540,833
$490,005
28.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$500
JUN
$625,000
JUL AUG
MEDIAN SALES PRICE
SEP
$353
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Mid Wilshire DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$542,500
$562,000
$0
$595,000
9.7%
Average Price per Square Foot ...........................
$367
$308
$0
$419
14.2%
Properties Sold .......................................................
2
3
0
3
50.0%
Properties Pending Sale .......................................
0
2
1
0
0%
Properties For Sale ................................................
14
11
14
24
71.4%
Days on Market (Pending Sale) ...........................
0
34
156
0
0%
Month’s Supply of Inventory ................................
7
3.7
0
8
14.3%
Percent Under Contract ........................................
0.0%
18.2%
7.1%
0.0%
0%
Average Median Price for Last 12 Months ........
$433,000
$633,625
$671,000
$563,850
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$542
JUN
$595,000
JUL AUG
MEDIAN SALES PRICE
SEP
$419
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Pacific Palisades DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,987,500
$2,275,000
$2,935,000
$3,010,000
51.4%
Average Price per Square Foot ...........................
$680
$909
$948
$929
36.6%
Properties Sold .......................................................
34
14
16
29
-14.7%
Properties Pending Sale .......................................
37
20
26
44
18.9%
Properties For Sale ................................................
138
120
110
131
-5.1%
Days on Market (Pending Sale) ...........................
65
57
50
53
-18.5%
Month’s Supply of Inventory ................................
4.1
8.6
6.9
4.5
11.3%
Percent Under Contract ........................................
26.8%
16.7%
23.6%
33.6%
25.3%
Average Median Price for Last 12 Months ........
$2,114,000
$2,760,750
$2,777,500
$2,460,999
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.987
JUN
$3,010,000
JUL AUG
MEDIAN SALES PRICE
SEP
$929
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.010 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Palms - Mar Vista DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$948,500
$1,121,000
$1,120,000
$989,000
4.3%
Average Price per Square Foot ...........................
$557
$617
$580
$661
18.7%
Properties Sold .......................................................
23
26
13
24
4.3%
Properties Pending Sale .......................................
27
21
20
23
-14.8%
Properties For Sale ................................................
74
58
56
74
0.0%
Days on Market (Pending Sale) ...........................
26
40
38
21
-19.2%
Month’s Supply of Inventory ................................
3.2
2.2
4.3
3.1
-4.2%
Percent Under Contract ........................................
36.5%
36.2%
35.7%
31.1%
-14.8%
Average Median Price for Last 12 Months ........
$807,000
$1,059,417
$1,142,167
$1,003,581
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$948
JUN
$989,000
JUL AUG
MEDIAN SALES PRICE
SEP
$661
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$989 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Playa Del Rey DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,200,000
$1,036,000
$1,186,046
$1,268,000
5.7%
Average Price per Square Foot ...........................
$455
$707
$491
$532
16.9%
Properties Sold .......................................................
5
5
4
3
-40.0%
Properties Pending Sale .......................................
2
1
3
4
100.0%
Properties For Sale ................................................
12
11
11
16
33.3%
Days on Market (Pending Sale) ...........................
47
49
39
34
-27.7%
Month’s Supply of Inventory ................................
2.4
2.2
2.8
5.3
122.2%
Percent Under Contract ........................................
16.7%
9.1%
27.3%
25.0%
50.0%
Average Median Price for Last 12 Months ........
$1,044,000
$1,263,293
$1,432,000
$1,275,789
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.200
JUN
$1,268,000
JUL AUG
MEDIAN SALES PRICE
SEP
$532
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.268 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Playa Vista DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,250,000
$0
$1,134,995
$0
-100.0%
Average Price per Square Foot ...........................
$450
$0
$478
$0
-100.0%
Properties Sold .......................................................
1
0
1
0
-100.0%
Properties Pending Sale .......................................
1
1
1
1
0.0%
Properties For Sale ................................................
6
5
9
10
66.7%
Days on Market (Pending Sale) ...........................
82
6
440
33
-59.8%
Month’s Supply of Inventory ................................
6
0
9
0
0%
Percent Under Contract ........................................
16.7%
20.0%
11.1%
10.0%
-40.0%
Average Median Price for Last 12 Months ........
$1,143,000
$1,198,332
$1,000,000
$1,272,356
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.250
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Monica DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,662,500
$2,085,750
$1,896,000
$1,575,000
-5.3%
Average Price per Square Foot ...........................
$784
$794
$862
$945
20.5%
Properties Sold .......................................................
28
19
13
17
-39.3%
Properties Pending Sale .......................................
26
15
16
23
-11.5%
Properties For Sale ................................................
86
79
68
89
3.5%
Days on Market (Pending Sale) ...........................
40
40
57
46
15.0%
Month’s Supply of Inventory ................................
3.1
4.2
5.2
5.2
70.5%
Percent Under Contract ........................................
30.2%
19.0%
23.5%
25.8%
-14.5%
Average Median Price for Last 12 Months ........
$1,938,000
$1,834,417
$2,037,500
$1,939,096
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.662
JUN
$1,575,000
JUL AUG
MEDIAN SALES PRICE
SEP
$945
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,400,000
$1,400,000
$1,585,980
$1,842,759
31.6%
Average Price per Square Foot ...........................
$940
$698
$772
$759
-19.3%
Properties Sold .......................................................
46
27
31
35
-23.9%
Properties Pending Sale .......................................
45
28
37
39
-13.3%
Properties For Sale ................................................
228
242
225
252
10.5%
Days on Market (Pending Sale) ...........................
45
64
77
60
33.3%
Month’s Supply of Inventory ................................
5
9
7.3
7.2
45.3%
Percent Under Contract ........................................
19.7%
11.6%
16.4%
15.5%
-21.6%
Average Median Price for Last 12 Months ........
$1,418,000
$1,639,707
$1,791,920
$1,539,672
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.400
JUN
$1,842,759
JUL AUG
MEDIAN SALES PRICE
SEP
$759
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.842 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Venice DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,512,500
$1,175,000
$1,425,000
$1,427,500
-5.6%
Average Price per Square Foot ...........................
$792
$878
$1,030
$947
19.6%
Properties Sold .......................................................
16
17
9
26
62.5%
Properties Pending Sale .......................................
30
12
15
19
-36.7%
Properties For Sale ................................................
78
53
57
62
-20.5%
Days on Market (Pending Sale) ...........................
39
75
24
30
-23.1%
Month’s Supply of Inventory ................................
4.9
3.1
6.3
2.4
-51.1%
Percent Under Contract ........................................
38.5%
22.6%
26.3%
30.6%
-20.3%
Average Median Price for Last 12 Months ........
$1,257,000
$1,520,050
$1,610,933
$1,434,062
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.512
JUN
$1,427,500
JUL AUG
MEDIAN SALES PRICE
SEP
$947
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.427 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West Hollywood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,080,000
$1,050,000
$1,055,000
$1,295,938
20.0%
Average Price per Square Foot ...........................
$682
$744
$699
$753
10.4%
Properties Sold .......................................................
15
5
6
10
-33.3%
Properties Pending Sale .......................................
12
10
11
8
-33.3%
Properties For Sale ................................................
34
56
42
40
17.6%
Days on Market (Pending Sale) ...........................
46
77
46
28
-39.1%
Month’s Supply of Inventory ................................
2.3
11.2
7
4
76.5%
Percent Under Contract ........................................
35.3%
17.9%
26.2%
20.0%
-43.3%
Average Median Price for Last 12 Months ........
$1,139,000
$1,192,284
$1,253,189
$1,136,904
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.080
JUN
$1,295,938
JUL AUG
MEDIAN SALES PRICE
SEP
$753
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West Los Angeles DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$867,425
$845,000
$788,000
$908,250
4.7%
Average Price per Square Foot ...........................
$608
$692
$641
$582
-4.3%
Properties Sold .......................................................
6
7
5
8
33.3%
Properties Pending Sale .......................................
5
7
4
10
100.0%
Properties For Sale ................................................
13
20
14
34
161.5%
Days on Market (Pending Sale) ...........................
12
50
13
26
116.7%
Month’s Supply of Inventory ................................
2.2
2.9
2.8
4.2
96.2%
Percent Under Contract ........................................
38.5%
35.0%
28.6%
29.4%
-23.5%
Average Median Price for Last 12 Months ........
$667,000
$850,875
$892,250
$836,256
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$867
JUN
$908,250
JUL AUG
MEDIAN SALES PRICE
SEP
$582
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$908 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Westchester DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$784,500
$760,000
$800,000
$812,000
3.5%
Average Price per Square Foot ...........................
$466
$488
$443
$470
0.9%
Properties Sold .......................................................
28
25
12
23
-17.9%
Properties Pending Sale .......................................
24
17
16
30
25.0%
Properties For Sale ................................................
56
38
42
80
42.9%
Days on Market (Pending Sale) ...........................
17
31
20
23
35.3%
Month’s Supply of Inventory ................................
2
1.5
3.5
3.5
73.9%
Percent Under Contract ........................................
42.9%
44.7%
38.1%
37.5%
-12.5%
Average Median Price for Last 12 Months ........
$684,000
$861,000
$843,667
$813,269
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$784
JUN
$812,000
JUL AUG
MEDIAN SALES PRICE
SEP
$470
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$812 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Westwood - Century City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,490,050
$1,600,000
$2,135,000
$1,885,000
26.5%
Average Price per Square Foot ...........................
$667
$692
$701
$760
13.9%
Properties Sold .......................................................
22
15
5
16
-27.3%
Properties Pending Sale .......................................
19
19
11
20
5.3%
Properties For Sale ................................................
50
54
39
74
48.0%
Days on Market (Pending Sale) ...........................
16
26
30
32
100.0%
Month’s Supply of Inventory ................................
2.3
3.6
7.8
4.6
103.5%
Percent Under Contract ........................................
38.0%
35.2%
28.2%
27.0%
-28.9%
Average Median Price for Last 12 Months ........
$1,319,000
$1,742,167
$1,783,333
$1,628,542
23.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.490
JUN
$1,885,000
JUL AUG
MEDIAN SALES PRICE
SEP
$760
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
South Bay Macro Market DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,215,278
$1,082,625
$1,072,875
$1,299,398
6.9%
Average Price per Square Foot ...........................
$499
$518
$566
$538
7.8%
Properties Sold .......................................................
226
154
117
202
-10.6%
Properties Pending Sale .......................................
246
179
174
211
-14.2%
Properties For Sale ................................................
679
593
549
683
0.6%
Days on Market (Pending Sale) ...........................
52
83
60
57
10.1%
Month’s Supply of Inventory ................................
3
3.9
4.7
3.4
12.5%
Percent Under Contract ........................................
36.2%
30.2%
31.7%
30.9%
-14.7%
Average Median Price for Last 12 Months ........
$1,176,778
$1,244,093
$1,217,478
$1,305,188
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.215
JUN
$1,299,398
JUL AUG
MEDIAN SALES PRICE
SEP
$538
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
El Segundo DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$865,000
$820,000
$952,000
$898,000
3.8%
Average Price per Square Foot ...........................
$480
$521
$572
$430
-10.4%
Properties Sold .......................................................
7
3
1
8
14.3%
Properties Pending Sale .......................................
10
4
7
10
0.0%
Properties For Sale ................................................
29
13
19
23
-20.7%
Days on Market (Pending Sale) ...........................
32
61
69
18
-43.8%
Month’s Supply of Inventory ................................
4.1
4.3
19
2.9
-30.6%
Percent Under Contract ........................................
34.5%
30.8%
36.8%
43.5%
26.1%
Average Median Price for Last 12 Months ........
$822,000
$864,375
$858,500
$867,365
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$865
JUN
$898,000
JUL AUG
MEDIAN SALES PRICE
SEP
$430
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$898 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Manhattan Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,100,000
$1,989,500
$1,900,000
$2,015,000
-4.0%
Average Price per Square Foot ...........................
$714
$762
$1,025
$800
12.0%
Properties Sold .......................................................
39
20
21
37
-5.1%
Properties Pending Sale .......................................
29
23
28
47
62.1%
Properties For Sale ................................................
87
59
67
100
14.9%
Days on Market (Pending Sale) ...........................
30
55
24
38
26.7%
Month’s Supply of Inventory ................................
2.2
3
3.2
2.7
21.2%
Percent Under Contract ........................................
33.3%
39.0%
41.8%
47.0%
41.0%
Average Median Price for Last 12 Months ........
$1,589,000
$1,873,167
$1,856,500
$1,833,308
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.100
JUN
$2,015,000
JUL AUG
MEDIAN SALES PRICE
SEP
$800
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.015 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Palos Verdes Estates DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,600,000
$1,500,000
$1,387,500
$1,440,000
-10.0%
Average Price per Square Foot ...........................
$560
$563
$616
$630
12.5%
Properties Sold .......................................................
15
13
8
11
-26.7%
Properties Pending Sale .......................................
16
11
11
13
-18.8%
Properties For Sale ................................................
70
52
54
70
0.0%
Days on Market (Pending Sale) ...........................
37
121
64
43
16.2%
Month’s Supply of Inventory ................................
4.7
4
6.8
6.4
36.4%
Percent Under Contract ........................................
22.9%
21.2%
20.4%
18.6%
-18.8%
Average Median Price for Last 12 Months ........
$1,587,000
$1,578,000
$1,569,167
$1,549,000
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.600
JUN
$1,440,000
JUL AUG
MEDIAN SALES PRICE
SEP
$630
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Rancho Palos Verdes DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,085,000
$1,195,000
$1,280,000
$1,308,000
20.6%
Average Price per Square Foot ...........................
$478
$525
$435
$513
7.3%
Properties Sold .......................................................
29
31
15
31
6.9%
Properties Pending Sale .......................................
40
24
18
38
-5.0%
Properties For Sale ................................................
112
108
91
129
15.2%
Days on Market (Pending Sale) ...........................
60
74
50
43
-28.3%
Month’s Supply of Inventory ................................
3.9
3.5
6.1
4.2
7.7%
Percent Under Contract ........................................
35.7%
22.2%
19.8%
29.5%
-17.5%
Average Median Price for Last 12 Months ........
$985,000
$1,179,667
$1,166,000
$1,159,938
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.085
JUN
$1,308,000
JUL AUG
MEDIAN SALES PRICE
SEP
$513
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.308 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Redondo Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$845,000
$809,000
$871,000
$800,086
-5.3%
Average Price per Square Foot ...........................
$495
$523
$655
$543
9.7%
Properties Sold .......................................................
35
15
12
26
-25.7%
Properties Pending Sale .......................................
44
30
33
34
-22.7%
Properties For Sale ................................................
100
89
71
90
-10.0%
Days on Market (Pending Sale) ...........................
30
31
27
30
0.0%
Month’s Supply of Inventory ................................
2.9
5.9
5.9
3.5
21.2%
Percent Under Contract ........................................
44.0%
33.7%
46.5%
37.8%
-14.1%
Average Median Price for Last 12 Months ........
$779,000
$846,848
$845,029
$852,122
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$845
JUN
$800,086
JUL AUG
MEDIAN SALES PRICE
SEP
$543
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Rolling Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,100,000
$0
$0
$2,438,500
16.1%
Average Price per Square Foot ...........................
$614
$0
$0
$604
-1.6%
Properties Sold .......................................................
5
0
0
1
-80.0%
Properties Pending Sale .......................................
3
2
1
3
0.0%
Properties For Sale ................................................
20
14
18
26
30.0%
Days on Market (Pending Sale) ...........................
175
220
160
182
4.0%
Month’s Supply of Inventory ................................
4
0
0
26
550.0%
Percent Under Contract ........................................
15.0%
14.3%
5.6%
11.5%
-23.1%
Average Median Price for Last 12 Months ........
$2,535,000
$3,134,625
$2,681,750
$3,068,150
21.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.100
JUN
$2,438,500
JUL AUG
MEDIAN SALES PRICE
SEP
$604
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
26 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Rolling Hills Estates DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,187,500
$1,322,500
$1,095,000
$1,580,000
33.1%
Average Price per Square Foot ...........................
$477
$507
$489
$542
13.6%
Properties Sold .......................................................
10
8
5
13
30.0%
Properties Pending Sale .......................................
6
3
3
8
33.3%
Properties For Sale ................................................
26
9
18
25
-3.8%
Days on Market (Pending Sale) ...........................
43
95
39
77
79.1%
Month’s Supply of Inventory ................................
2.6
1.1
3.6
1.9
-26.0%
Percent Under Contract ........................................
23.1%
33.3%
16.7%
32.0%
38.7%
Average Median Price for Last 12 Months ........
$1,275,000
$1,254,083
$1,347,333
$1,275,538
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.187
JUN
$1,580,000
JUL AUG
MEDIAN SALES PRICE
SEP
$542
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.580 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Pedro DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$505,000
$460,000
$470,000
$570,000
12.9%
Average Price per Square Foot ...........................
$289
$356
$325
$349
20.8%
Properties Sold .......................................................
33
27
23
25
-24.2%
Properties Pending Sale .......................................
46
32
27
27
-41.3%
Properties For Sale ................................................
118
125
112
110
-6.8%
Days on Market (Pending Sale) ...........................
37
63
71
56
51.4%
Month’s Supply of Inventory ................................
3.6
4.6
4.9
4.4
23.1%
Percent Under Contract ........................................
39.0%
25.6%
24.1%
24.5%
-37.0%
Average Median Price for Last 12 Months ........
$450,000
$518,667
$531,667
$502,885
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$505
JUN
$570,000
JUL AUG
MEDIAN SALES PRICE
SEP
$349
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Torrance DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$650,000
$565,000
$627,500
$645,000
-0.8%
Average Price per Square Foot ...........................
$380
$389
$412
$427
12.4%
Properties Sold .......................................................
53
37
32
50
-5.7%
Properties Pending Sale .......................................
52
50
46
31
-40.4%
Properties For Sale ................................................
117
124
99
110
-6.0%
Days on Market (Pending Sale) ...........................
22
30
35
26
18.2%
Month’s Supply of Inventory ................................
2.2
3.4
3.1
2.2
-0.3%
Percent Under Contract ........................................
44.4%
40.3%
46.5%
28.2%
-36.6%
Average Median Price for Last 12 Months ........
$569,000
$634,000
$636,333
$638,385
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$650
JUN
$645,000
JUL AUG
MEDIAN SALES PRICE
SEP
$427
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$674,429
$675,000
$746,071
$750,286
11.2%
Average Price per Square Foot ...........................
$358
$361
$361
$388
8.5%
Properties Sold .......................................................
507
429
277
462
-8.9%
Properties Pending Sale .......................................
614
485
411
558
-9.1%
Properties For Sale ................................................
754
917
821
1,027
36.2%
Days on Market (Pending Sale) ...........................
50
56
57
52
3.6%
Month’s Supply of Inventory ................................
1.5
2.1
3
2.2
49.5%
Percent Under Contract ........................................
81.4%
52.9%
50.1%
54.3%
-33.3%
Average Median Price for Last 12 Months ........
$620,451
$749,024
$756,214
$719,110
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$674
JUN
$750,286
JUL AUG
MEDIAN SALES PRICE
SEP
$388
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Burbank DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$638,000
$607,000
$655,000
$650,000
1.9%
Average Price per Square Foot ...........................
$372
$378
$412
$415
11.6%
Properties Sold .......................................................
52
46
39
36
-30.8%
Properties Pending Sale .......................................
63
50
56
52
-17.5%
Properties For Sale ................................................
65
77
77
70
7.7%
Days on Market (Pending Sale) ...........................
36
43
50
45
25.0%
Month’s Supply of Inventory ................................
1.2
1.7
2
1.9
55.6%
Percent Under Contract ........................................
96.9%
64.9%
72.7%
74.3%
-23.4%
Average Median Price for Last 12 Months ........
$527,538
$626,667
$631,667
$616,846
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$638
JUN
$650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$415
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Encino DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$801,000
$850,000
$1,423,000
$1,040,000
29.8%
Average Price per Square Foot ...........................
$380
$379
$435
$435
14.5%
Properties Sold .......................................................
46
33
20
34
-26.1%
Properties Pending Sale .......................................
60
42
36
55
-8.3%
Properties For Sale ................................................
87
88
76
105
20.7%
Days on Market (Pending Sale) ...........................
54
61
97
52
-3.7%
Month’s Supply of Inventory ................................
1.9
2.7
3.8
3.1
63.3%
Percent Under Contract ........................................
69.0%
47.7%
47.4%
52.4%
-24.0%
Average Median Price for Last 12 Months ........
$784,769
$1,016,500
$984,333
$971,538
23.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$801
JUN
$1,040,000
JUL AUG
MEDIAN SALES PRICE
SEP
$435
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.040 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Glendale DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$740,000
$720,000
$713,000
$760,000
2.7%
Average Price per Square Foot ...........................
$383
$382
$392
$405
5.7%
Properties Sold .......................................................
54
63
28
67
24.1%
Properties Pending Sale .......................................
78
69
44
72
-7.7%
Properties For Sale ................................................
88
100
95
127
44.3%
Days on Market (Pending Sale) ...........................
53
47
50
51
-3.8%
Month’s Supply of Inventory ................................
1.6
1.6
3.4
1.9
16.3%
Percent Under Contract ........................................
88.6%
69.0%
46.3%
56.7%
-36.0%
Average Median Price for Last 12 Months ........
$607,308
$721,667
$710,667
$707,077
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$740
JUN
$760,000
JUL AUG
MEDIAN SALES PRICE
SEP
$405
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
La Crescenta DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$696,000
$532,000
$658,000
$695,000
-0.1%
Average Price per Square Foot ...........................
$374
$383
$407
$398
6.4%
Properties Sold .......................................................
18
18
11
21
16.7%
Properties Pending Sale .......................................
21
20
14
19
-9.5%
Properties For Sale ................................................
22
27
24
34
54.5%
Days on Market (Pending Sale) ...........................
53
59
48
52
-1.9%
Month’s Supply of Inventory ................................
1.2
1.5
2.2
1.6
32.5%
Percent Under Contract ........................................
95.5%
74.1%
58.3%
55.9%
-41.5%
Average Median Price for Last 12 Months ........
$585,462
$698,500
$736,333
$670,308
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$696
JUN
$695,000
JUL AUG
MEDIAN SALES PRICE
SEP
$398
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
North Hollywood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$409,000
$409,000
$435,000
$411,000
0.5%
Average Price per Square Foot ...........................
$319
$331
$294
$310
-2.8%
Properties Sold .......................................................
48
48
31
36
-25.0%
Properties Pending Sale .......................................
53
45
36
57
7.5%
Properties For Sale ................................................
34
68
75
57
67.6%
Days on Market (Pending Sale) ...........................
51
50
47
50
-2.0%
Month’s Supply of Inventory ................................
0.7
1.4
2.4
1.6
123.5%
Percent Under Contract ........................................
155.9%
66.2%
48.0%
100.0%
-35.8%
Average Median Price for Last 12 Months ........
$329,462
$424,167
$438,000
$412,615
25.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$409
JUN
$411,000
JUL AUG
MEDIAN SALES PRICE
SEP
$310
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$411 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Shadow Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$628,000
$542,000
$945,000
$640,000
1.9%
Average Price per Square Foot ...........................
$307
$279
$278
$311
1.3%
Properties Sold .......................................................
4
2
1
4
0.0%
Properties Pending Sale .......................................
1
2
4
6
500.0%
Properties For Sale ................................................
20
13
7
12
-40.0%
Days on Market (Pending Sale) ...........................
54
76
2
50
-7.4%
Month’s Supply of Inventory ................................
5
6.5
7
3
-40.0%
Percent Under Contract ........................................
5.0%
15.4%
57.1%
50.0%
900.0%
Average Median Price for Last 12 Months ........
$626,462
$790,167
$714,333
$720,308
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$628
JUN
$640,000
JUL AUG
MEDIAN SALES PRICE
SEP
$311
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sherman Oaks DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$815,000
$750,000
$925,000
$985,000
20.9%
Average Price per Square Foot ...........................
$431
$407
$436
$449
4.2%
Properties Sold .......................................................
66
53
38
65
-1.5%
Properties Pending Sale .......................................
76
59
54
66
-13.2%
Properties For Sale ................................................
101
125
101
134
32.7%
Days on Market (Pending Sale) ...........................
51
56
61
52
2.0%
Month’s Supply of Inventory ................................
1.5
2.4
2.7
2.1
34.7%
Percent Under Contract ........................................
75.2%
47.2%
53.5%
49.3%
-34.5%
Average Median Price for Last 12 Months ........
$729,077
$921,000
$909,333
$857,462
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$815
JUN
$985,000
JUL AUG
MEDIAN SALES PRICE
SEP
$449
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Studio City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$905,000
$1,128,000
$1,085,000
$1,200,000
32.6%
Average Price per Square Foot ...........................
$459
$455
$479
$545
18.7%
Properties Sold .......................................................
35
22
14
39
11.4%
Properties Pending Sale .......................................
37
27
29
41
10.8%
Properties For Sale ................................................
70
83
69
82
17.1%
Days on Market (Pending Sale) ...........................
40
67
42
60
50.0%
Month’s Supply of Inventory ................................
2
3.8
4.9
2.1
5.1%
Percent Under Contract ........................................
52.9%
32.5%
42.0%
50.0%
-5.4%
Average Median Price for Last 12 Months ........
$872,154
$1,140,167
$1,203,333
$1,078,615
23.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$905
JUN
$1,200,000
JUL AUG
MEDIAN SALES PRICE
SEP
$545
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sun Valley DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$325,000
$407,000
$390,000
$366,000
12.6%
Average Price per Square Foot ...........................
$271
$268
$241
$273
0.7%
Properties Sold .......................................................
15
22
10
12
-20.0%
Properties Pending Sale .......................................
27
23
8
19
-29.6%
Properties For Sale ................................................
26
38
33
41
57.7%
Days on Market (Pending Sale) ...........................
37
54
37
34
-8.1%
Month’s Supply of Inventory ................................
1.7
1.7
3.3
3.4
97.1%
Percent Under Contract ........................................
103.8%
60.5%
24.2%
46.3%
-55.4%
Average Median Price for Last 12 Months ........
$292,846
$381,333
$392,667
$370,077
26.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$325
JUN
$366,000
JUL AUG
MEDIAN SALES PRICE
SEP
$273
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$366 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sunland/Tujunga DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$403,000
$446,000
$446,000
$437,000
8.4%
Average Price per Square Foot ...........................
$268
$289
$314
$312
16.4%
Properties Sold .......................................................
42
34
22
44
4.8%
Properties Pending Sale .......................................
47
40
28
49
4.3%
Properties For Sale ................................................
38
65
45
85
123.7%
Days on Market (Pending Sale) ...........................
52
50
62
52
0.0%
Month’s Supply of Inventory ................................
0.9
1.9
2
1.9
113.5%
Percent Under Contract ........................................
123.7%
61.5%
62.2%
57.6%
-53.4%
Average Median Price for Last 12 Months ........
$359,000
$430,167
$433,000
$420,077
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$403
JUN
$437,000
JUL AUG
MEDIAN SALES PRICE
SEP
$312
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Tarzana DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$918,000
$660,000
$705,000
$968,000
5.4%
Average Price per Square Foot ...........................
$332
$325
$323
$330
-0.6%
Properties Sold .......................................................
31
19
18
26
-16.1%
Properties Pending Sale .......................................
48
26
23
29
-39.6%
Properties For Sale ................................................
45
72
65
81
80.0%
Days on Market (Pending Sale) ...........................
52
58
64
48
-7.7%
Month’s Supply of Inventory ................................
1.5
3.8
3.6
3.1
114.6%
Percent Under Contract ........................................
106.7%
36.1%
35.4%
35.8%
-66.4%
Average Median Price for Last 12 Months ........
$711,000
$857,500
$941,333
$827,615
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$918
JUN
$968,000
JUL AUG
MEDIAN SALES PRICE
SEP
$330
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$968 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Toluca Lake DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$888,000
$849,000
$740,000
$944,000
6.3%
Average Price per Square Foot ...........................
$443
$438
$382
$530
19.6%
Properties Sold .......................................................
10
7
4
4
-60.0%
Properties Pending Sale .......................................
4
4
11
0
-100.0%
Properties For Sale ................................................
17
11
11
15
-11.8%
Days on Market (Pending Sale) ...........................
36
50
41
46
27.8%
Month’s Supply of Inventory ................................
1.7
1.6
2.8
3.8
120.6%
Percent Under Contract ........................................
23.5%
36.4%
100.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,056,000
$1,086,167
$1,076,333
$1,011,308
-4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$888
JUN
$944,000
JUL AUG
MEDIAN SALES PRICE
SEP
$530
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$944 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Valley Village DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$652,000
$895,000
$660,000
$728,000
11.7%
Average Price per Square Foot ...........................
$367
$444
$357
$409
11.4%
Properties Sold .......................................................
10
9
6
5
-50.0%
Properties Pending Sale .......................................
18
15
10
13
-27.8%
Properties For Sale ................................................
29
30
12
27
-6.9%
Days on Market (Pending Sale) ...........................
88
62
120
63
-28.4%
Month’s Supply of Inventory ................................
2.9
3.3
2
5.4
86.2%
Percent Under Contract ........................................
62.1%
50.0%
83.3%
48.1%
-22.4%
Average Median Price for Last 12 Months ........
$648,692
$726,333
$740,667
$744,308
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$652
JUN
$728,000
JUL AUG
MEDIAN SALES PRICE
SEP
$409
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$728 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Woodland Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$624,000
$655,000
$665,000
$680,000
9.0%
Average Price per Square Foot ...........................
$302
$300
$302
$314
4.0%
Properties Sold .......................................................
76
53
35
69
-9.2%
Properties Pending Sale .......................................
81
63
58
80
-1.2%
Properties For Sale ................................................
112
120
131
157
40.2%
Days on Market (Pending Sale) ...........................
44
48
80
71
61.4%
Month’s Supply of Inventory ................................
1.5
2.3
3.7
2.3
54.4%
Percent Under Contract ........................................
72.3%
52.5%
44.3%
51.0%
-29.5%
Average Median Price for Last 12 Months ........
$556,538
$666,000
$675,000
$659,385
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$624
JUN
$680,000
JUL AUG
MEDIAN SALES PRICE
SEP
$314
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$886,727
$843,273
$920,455
$915,273
3.2%
Average Price per Square Foot ...........................
$444
$467
$480
$504
13.7%
Properties Sold .......................................................
331
243
196
274
-17.2%
Properties Pending Sale .......................................
354
254
254
313
-11.6%
Properties For Sale ................................................
499
514
424
609
22.0%
Days on Market (Pending Sale) ...........................
40
43
59
48
19.3%
Month’s Supply of Inventory ................................
1.5
2.1
2.2
2.2
47.4%
Percent Under Contract ........................................
70.9%
49.4%
59.9%
51.4%
-27.6%
Average Median Price for Last 12 Months ........
$770,273
$937,455
$965,424
$904,685
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$886
JUN
$915,273
JUL AUG
MEDIAN SALES PRICE
SEP
$504
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Altadena DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$500,000
$543,000
$540,000
$675,000
35.0%
Average Price per Square Foot ...........................
$361
$417
$342
$407
12.7%
Properties Sold .......................................................
37
31
18
44
18.9%
Properties Pending Sale .......................................
50
39
33
38
-24.0%
Properties For Sale ................................................
46
53
40
53
15.2%
Days on Market (Pending Sale) ...........................
41
42
50
49
19.5%
Month’s Supply of Inventory ................................
1.2
1.7
2.2
1.2
-3.1%
Percent Under Contract ........................................
108.7%
73.6%
82.5%
71.7%
-34.0%
Average Median Price for Last 12 Months ........
$492,385
$568,333
$591,667
$582,846
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$500
JUN
$675,000
JUL AUG
MEDIAN SALES PRICE
SEP
$407
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Arcadia DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,280,000
$1,375,000
$1,580,000
$1,284,000
0.3%
Average Price per Square Foot ...........................
$554
$535
$567
$573
3.4%
Properties Sold .......................................................
43
39
37
46
7.0%
Properties Pending Sale .......................................
55
34
41
66
20.0%
Properties For Sale ................................................
66
89
66
114
72.7%
Days on Market (Pending Sale) ...........................
36
54
75
35
-2.8%
Month’s Supply of Inventory ................................
1.5
2.3
1.8
2.5
61.5%
Percent Under Contract ........................................
83.3%
38.2%
62.1%
57.9%
-30.5%
Average Median Price for Last 12 Months ........
$1,038,846
$1,477,667
$1,385,333
$1,360,462
31.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.280
JUN
$1,284,000
JUL AUG
MEDIAN SALES PRICE
SEP
$573
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.284 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Duarte DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$385,000
$436,000
$383,000
$435,000
13.0%
Average Price per Square Foot ...........................
$258
$316
$285
$323
25.2%
Properties Sold .......................................................
17
4
16
9
-47.1%
Properties Pending Sale .......................................
13
10
12
12
-7.7%
Properties For Sale ................................................
19
20
17
29
52.6%
Days on Market (Pending Sale) ...........................
48
31
73
54
12.5%
Month’s Supply of Inventory ................................
1.1
5
1.1
3.2
188.3%
Percent Under Contract ........................................
68.4%
50.0%
70.6%
41.4%
-39.5%
Average Median Price for Last 12 Months ........
$332,769
$403,667
$449,667
$400,846
20.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$385
JUN
$435,000
JUL AUG
MEDIAN SALES PRICE
SEP
$323
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Eagle Rock DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$530,000
$550,000
$599,000
$673,000
27.0%
Average Price per Square Foot ...........................
$392
$383
$374
$450
14.8%
Properties Sold .......................................................
19
3
7
4
-78.9%
Properties Pending Sale .......................................
11
7
4
3
-72.7%
Properties For Sale ................................................
21
2
12
11
-47.6%
Days on Market (Pending Sale) ...........................
26
41
25
46
76.9%
Month’s Supply of Inventory ................................
1.1
0.7
1.7
2.8
148.8%
Percent Under Contract ........................................
52.4%
350.0%
33.3%
27.3%
-47.9%
Average Median Price for Last 12 Months ........
$499,077
$642,333
$705,000
$606,385
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$530
JUN
$673,000
JUL AUG
MEDIAN SALES PRICE
SEP
$450
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$673 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
La Canada Flintridge DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,225,000
$1,150,000
$1,190,000
$1,298,000
6.0%
Average Price per Square Foot ...........................
$484
$537
$601
$506
4.5%
Properties Sold .......................................................
19
19
16
24
26.3%
Properties Pending Sale .......................................
35
13
26
22
-37.1%
Properties For Sale ................................................
47
42
46
49
4.3%
Days on Market (Pending Sale) ...........................
27
53
75
54
100.0%
Month’s Supply of Inventory ................................
2.5
2.2
2.9
2
-17.5%
Percent Under Contract ........................................
74.5%
31.0%
56.5%
44.9%
-39.7%
Average Median Price for Last 12 Months ........
$1,176,077
$1,337,667
$1,366,000
$1,279,615
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.225
JUN
$1,298,000
JUL AUG
MEDIAN SALES PRICE
SEP
$506
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.298 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Monrovia DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$489,000
$532,000
$552,000
$580,000
18.6%
Average Price per Square Foot ...........................
$330
$372
$372
$418
26.7%
Properties Sold .......................................................
25
26
15
25
0.0%
Properties Pending Sale .......................................
34
21
19
29
-14.7%
Properties For Sale ................................................
49
49
40
59
20.4%
Days on Market (Pending Sale) ...........................
39
45
87
55
41.0%
Month’s Supply of Inventory ................................
2
1.9
2.7
2.4
20.4%
Percent Under Contract ........................................
69.4%
42.9%
47.5%
49.2%
-29.2%
Average Median Price for Last 12 Months ........
$482,692
$550,500
$579,000
$551,000
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$489
JUN
$580,000
JUL AUG
MEDIAN SALES PRICE
SEP
$418
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$580 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Pasadena DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$745,000
$690,000
$605,000
$806,000
8.2%
Average Price per Square Foot ...........................
$470
$434
$502
$493
4.9%
Properties Sold .......................................................
91
75
47
87
-4.4%
Properties Pending Sale .......................................
94
80
68
88
-6.4%
Properties For Sale ................................................
153
162
126
186
21.6%
Days on Market (Pending Sale) ...........................
33
47
63
48
45.5%
Month’s Supply of Inventory ................................
1.7
2.2
2.7
2.1
27.2%
Percent Under Contract ........................................
61.4%
49.4%
54.0%
47.3%
-23.0%
Average Median Price for Last 12 Months ........
$612,615
$716,500
$774,667
$710,308
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$745
JUN
$806,000
JUL AUG
MEDIAN SALES PRICE
SEP
$493
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$806 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Gabriel DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$610,000
$600,000
$631,000
$776,000
27.2%
Average Price per Square Foot ...........................
$378
$405
$389
$422
11.6%
Properties Sold .......................................................
43
19
16
10
-76.7%
Properties Pending Sale .......................................
32
22
22
28
-12.5%
Properties For Sale ................................................
48
53
43
48
0.0%
Days on Market (Pending Sale) ...........................
42
49
93
77
83.3%
Month’s Supply of Inventory ................................
1.1
2.8
2.7
4.8
330.0%
Percent Under Contract ........................................
66.7%
41.5%
51.2%
58.3%
-12.5%
Average Median Price for Last 12 Months ........
$542,231
$664,500
$698,000
$648,538
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$610
JUN
$776,000
JUL AUG
MEDIAN SALES PRICE
SEP
$422
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$776 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Marino DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,300,000
$1,650,000
$2,280,000
$1,925,000
-16.3%
Average Price per Square Foot ...........................
$763
$670
$821
$837
9.7%
Properties Sold .......................................................
13
11
7
12
-7.7%
Properties Pending Sale .......................................
9
13
10
9
0.0%
Properties For Sale ................................................
20
12
8
17
-15.0%
Days on Market (Pending Sale) ...........................
32
43
40
30
-6.2%
Month’s Supply of Inventory ................................
1.5
1.1
1.1
1.4
-7.9%
Percent Under Contract ........................................
45.0%
108.3%
125.0%
52.9%
17.6%
Average Median Price for Last 12 Months ........
$1,655,923
$2,172,000
$2,207,333
$2,002,538
20.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.300
JUN
$1,925,000
JUL AUG
MEDIAN SALES PRICE
SEP
$837
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sierra Madre DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$780,000
$835,000
$840,000
$846,000
8.5%
Average Price per Square Foot ...........................
$385
$429
$457
$434
12.7%
Properties Sold .......................................................
11
13
6
10
-9.1%
Properties Pending Sale .......................................
13
9
9
9
-30.8%
Properties For Sale ................................................
15
17
17
26
73.3%
Days on Market (Pending Sale) ...........................
62
62
32
49
-21.0%
Month’s Supply of Inventory ................................
1.4
1.3
2.8
2.6
90.7%
Percent Under Contract ........................................
86.7%
52.9%
52.9%
34.6%
-60.1%
Average Median Price for Last 12 Months ........
$713,615
$860,000
$869,333
$848,154
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$780
JUN
$846,000
JUL AUG
MEDIAN SALES PRICE
SEP
$434
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$846 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
South Pasadena DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$910,000
$915,000
$925,000
$770,000
-15.4%
Average Price per Square Foot ...........................
$505
$634
$575
$684
35.4%
Properties Sold .......................................................
13
3
11
3
-76.9%
Properties Pending Sale .......................................
8
6
10
9
12.5%
Properties For Sale ................................................
15
15
9
17
13.3%
Days on Market (Pending Sale) ...........................
55
10
31
29
-47.3%
Month’s Supply of Inventory ................................
1.2
5
0.8
5.7
391.1%
Percent Under Contract ........................................
53.3%
40.0%
111.1%
52.9%
-0.7%
Average Median Price for Last 12 Months ........
$911,308
$918,833
$993,667
$960,846
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$910
JUN
$770,000
JUL AUG
MEDIAN SALES PRICE
SEP
$684
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : May 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : May 2014
telesproperties.com
Orange County DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$630,000
$649,000
$664,500
$676,000
7.3%
Average Price per Square Foot ...........................
$377
$382
$411
$405
7.4%
Properties Sold .......................................................
1946
1334
1030
1701
-12.6%
Properties Pending Sale .......................................
1885
1253
1374
1820
-3.4%
Properties For Sale ................................................
6,467
6,600
6,174
7,189
11.2%
Days on Market (Pending Sale) ...........................
52
72
68
51
-1.9%
Month’s Supply of Inventory ................................
3.3
4.9
6
4.2
27.2%
Percent Under Contract ........................................
29.1%
19.0%
22.3%
25.3%
-13.1%
Average Median Price for Last 12 Months ........
$556,000
$661,033
$667,000
$651,762
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$630
JUN
$676,000
JUL AUG
MEDIAN SALES PRICE
SEP
$405
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$676 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Aliso Viejo DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$670,000
$718,000
$740,000
$715,000
6.7%
Average Price per Square Foot ...........................
$319
$347
$348
$351
10.0%
Properties Sold .......................................................
19
11
9
31
63.2%
Properties Pending Sale .......................................
22
11
18
24
9.1%
Properties For Sale ................................................
61
67
72
84
37.7%
Days on Market (Pending Sale) ...........................
38
70
77
51
34.2%
Month’s Supply of Inventory ................................
3.2
6.1
8
2.7
-15.6%
Percent Under Contract ........................................
36.1%
16.4%
25.0%
28.6%
-20.8%
Average Median Price for Last 12 Months ........
$615,000
$722,667
$697,000
$701,838
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$670
JUN
$715,000
JUL AUG
MEDIAN SALES PRICE
SEP
$351
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Balboa Peninsula DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,500,000
$3,800,000
$3,304,000
$4,500,000
80.0%
Average Price per Square Foot ...........................
$730
$1,610
$1,217
$1,498
105.2%
Properties Sold .......................................................
11
6
2
7
-36.4%
Properties Pending Sale .......................................
8
4
7
4
-50.0%
Properties For Sale ................................................
40
41
38
41
2.5%
Days on Market (Pending Sale) ...........................
75
19
109
103
37.3%
Month’s Supply of Inventory ................................
3.6
6.8
19
5.9
61.1%
Percent Under Contract ........................................
20.0%
9.8%
18.4%
9.8%
-51.2%
Average Median Price for Last 12 Months ........
$2,007,000
$3,107,333
$3,321,667
$2,988,577
48.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.500
JUN
$4,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,498
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$4.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$3,037,500
$2,287,500
$2,500,000
$2,349,000
-22.7%
Average Price per Square Foot ...........................
$845
$952
$1,010
$1,067
26.3%
Properties Sold .......................................................
12
10
11
13
8.3%
Properties Pending Sale .......................................
16
15
12
10
-37.5%
Properties For Sale ................................................
73
65
58
66
-9.6%
Days on Market (Pending Sale) ...........................
80
101
62
50
-37.5%
Month’s Supply of Inventory ................................
6.1
6.5
5.3
5.1
-16.5%
Percent Under Contract ........................................
21.9%
23.1%
20.7%
15.2%
-30.9%
Average Median Price for Last 12 Months ........
$1,925,000
$2,762,375
$2,697,167
$2,513,538
30.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.037
MAY JUN
$2,349,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,067
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.349 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Coto de Caza DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,199,500
$1,192,500
$1,210,000
$1,062,000
-11.5%
Average Price per Square Foot ...........................
$345
$304
$355
$336
-2.6%
Properties Sold .......................................................
29
16
11
26
-10.3%
Properties Pending Sale .......................................
30
20
17
12
-60.0%
Properties For Sale ................................................
106
121
120
131
23.6%
Days on Market (Pending Sale) ...........................
36
106
69
64
77.8%
Month’s Supply of Inventory ................................
3.7
7.6
10.9
5
37.8%
Percent Under Contract ........................................
28.3%
16.5%
14.2%
9.2%
-67.6%
Average Median Price for Last 12 Months ........
$958,000
$1,100,417
$1,152,500
$1,091,746
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.199
JUN
$1,062,000
JUL AUG
MEDIAN SALES PRICE
SEP
$336
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.062 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Crystal Cove DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$4,400,000
$5,474,000
$4,160,000
$5,149,000
17.0%
Average Price per Square Foot ...........................
$1,012
$1,033
$1,202
$1,157
14.3%
Properties Sold .......................................................
6
2
3
2
-66.7%
Properties Pending Sale .......................................
8
0
4
1
-87.5%
Properties For Sale ................................................
29
21
18
23
-20.7%
Days on Market (Pending Sale) ...........................
151
0
146
17
-88.7%
Month’s Supply of Inventory ................................
4.8
10.5
6
11.5
137.9%
Percent Under Contract ........................................
27.6%
0.0%
22.2%
4.3%
-84.2%
Average Median Price for Last 12 Months ........
$4,060,000
$4,391,333
$4,476,333
$4,685,346
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$4.400
JUN
$5,149,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,157
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.149 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Dana Point DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,010,000
$827,500
$914,500
$832,000
-17.6%
Average Price per Square Foot ...........................
$474
$440
$708
$541
14.1%
Properties Sold .......................................................
44
34
25
30
-31.8%
Properties Pending Sale .......................................
45
31
27
38
-15.6%
Properties For Sale ................................................
191
176
142
213
11.5%
Days on Market (Pending Sale) ...........................
67
57
86
64
-4.5%
Month’s Supply of Inventory ................................
4.3
5.2
5.7
7.1
63.6%
Percent Under Contract ........................................
23.6%
17.6%
19.0%
17.8%
-24.3%
Average Median Price for Last 12 Months ........
$766,000
$882,742
$907,317
$910,765
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.010
MAY JUN
$832,000
JUL AUG
MEDIAN SALES PRICE
SEP
$541
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$832 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
East Bluff - Harbor View DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,905,000
$1,860,500
$1,675,000
$1,925,000
1.0%
Average Price per Square Foot ...........................
$574
$602
$631
$667
16.2%
Properties Sold .......................................................
25
16
18
19
-24.0%
Properties Pending Sale .......................................
25
20
10
22
-12.0%
Properties For Sale ................................................
77
77
77
119
54.5%
Days on Market (Pending Sale) ...........................
50
61
35
49
-2.0%
Month’s Supply of Inventory ................................
3.1
4.8
4.3
6.3
103.3%
Percent Under Contract ........................................
32.5%
26.0%
13.0%
18.5%
-43.1%
Average Median Price for Last 12 Months ........
$1,412,000
$1,702,250
$1,767,333
$1,752,135
24.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.905
JUN
$1,925,000
JUL AUG
MEDIAN SALES PRICE
SEP
$667
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
East Costa Mesa DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$867,500
$846,600
$737,000
$962,694
11.0%
Average Price per Square Foot ...........................
$427
$424
$499
$543
27.2%
Properties Sold .......................................................
16
13
12
20
25.0%
Properties Pending Sale .......................................
18
10
21
19
5.6%
Properties For Sale ................................................
55
59
71
73
32.7%
Days on Market (Pending Sale) ...........................
29
51
50
67
131.0%
Month’s Supply of Inventory ................................
3.4
4.5
5.9
3.6
6.2%
Percent Under Contract ........................................
32.7%
16.9%
29.6%
26.0%
-20.5%
Average Median Price for Last 12 Months ........
$736,000
$863,199
$899,065
$861,426
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$867
JUN
$962,694
JUL AUG
MEDIAN SALES PRICE
SEP
$543
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Fountain Valley DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$625,000
$670,000
$647,000
$699,900
12.0%
Average Price per Square Foot ...........................
$316
$330
$338
$353
11.7%
Properties Sold .......................................................
31
20
20
25
-19.4%
Properties Pending Sale .......................................
34
17
32
17
-50.0%
Properties For Sale ................................................
79
75
78
87
10.1%
Days on Market (Pending Sale) ...........................
34
24
28
33
-2.9%
Month’s Supply of Inventory ................................
2.5
3.8
3.9
3.5
36.6%
Percent Under Contract ........................................
43.0%
22.7%
41.0%
19.5%
-54.6%
Average Median Price for Last 12 Months ........
$585,000
$665,167
$679,667
$658,500
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$625
JUN
$699,900
JUL AUG
MEDIAN SALES PRICE
SEP
$353
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$699 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Huntington Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$695,000
$710,000
$774,500
$730,000
5.0%
Average Price per Square Foot ...........................
$402
$398
$420
$427
6.2%
Properties Sold .......................................................
131
91
56
105
-19.8%
Properties Pending Sale .......................................
124
97
100
110
-11.3%
Properties For Sale ................................................
347
367
346
427
23.1%
Days on Market (Pending Sale) ...........................
37
61
49
66
78.4%
Month’s Supply of Inventory ................................
2.6
4
6.2
4.1
53.5%
Percent Under Contract ........................................
35.7%
26.4%
28.9%
25.8%
-27.9%
Average Median Price for Last 12 Months ........
$639,000
$737,975
$740,117
$728,527
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$695
JUN
$730,000
JUL AUG
MEDIAN SALES PRICE
SEP
$427
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Irvine DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$935,000
$825,000
$940,000
$895,000
-4.3%
Average Price per Square Foot ...........................
$455
$453
$476
$474
4.2%
Properties Sold .......................................................
97
79
53
94
-3.1%
Properties Pending Sale .......................................
100
71
82
100
0.0%
Properties For Sale ................................................
294
321
307
443
50.7%
Days on Market (Pending Sale) ...........................
32
55
52
52
62.5%
Month’s Supply of Inventory ................................
3
4.1
5.8
4.7
55.5%
Percent Under Contract ........................................
34.0%
22.1%
26.7%
22.6%
-33.6%
Average Median Price for Last 12 Months ........
$806,000
$899,865
$905,833
$897,322
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$935
JUN
$895,000
JUL AUG
MEDIAN SALES PRICE
SEP
$474
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$895 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Ladera Ranch DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$739,500
$952,500
$860,000
$804,500
8.8%
Average Price per Square Foot ...........................
$307
$310
$339
$327
6.5%
Properties Sold .......................................................
34
26
16
24
-29.4%
Properties Pending Sale .......................................
42
24
22
35
-16.7%
Properties For Sale ................................................
121
115
95
159
31.4%
Days on Market (Pending Sale) ...........................
30
67
54
63
110.0%
Month’s Supply of Inventory ................................
3.6
4.4
5.9
6.6
86.2%
Percent Under Contract ........................................
34.7%
20.9%
23.2%
22.0%
-36.6%
Average Median Price for Last 12 Months ........
$737,000
$830,109
$798,551
$832,681
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$739
JUN
$804,500
JUL AUG
MEDIAN SALES PRICE
SEP
$327
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$804 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Laguna Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,550,000
$2,015,000
$2,547,500
$2,050,000
32.3%
Average Price per Square Foot ...........................
$942
$939
$1,064
$1,064
13.0%
Properties Sold .......................................................
39
27
20
31
-20.5%
Properties Pending Sale .......................................
36
29
28
33
-8.3%
Properties For Sale ................................................
257
234
235
260
1.2%
Days on Market (Pending Sale) ...........................
50
178
87
92
84.0%
Month’s Supply of Inventory ................................
6.6
8.7
11.8
8.4
27.3%
Percent Under Contract ........................................
14.0%
12.4%
11.9%
12.7%
-9.4%
Average Median Price for Last 12 Months ........
$1,445,000
$1,975,750
$2,038,167
$1,839,596
27.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.550
JUN
$2,050,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,064
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Laguna Niguel DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$735,200
$740,000
$777,500
$863,950
17.5%
Average Price per Square Foot ...........................
$349
$382
$378
$405
16.0%
Properties Sold .......................................................
72
31
38
66
-8.3%
Properties Pending Sale .......................................
64
44
60
61
-4.7%
Properties For Sale ................................................
211
198
232
323
53.1%
Days on Market (Pending Sale) ...........................
36
69
55
67
86.1%
Month’s Supply of Inventory ................................
2.9
6.4
6.1
4.9
67.0%
Percent Under Contract ........................................
30.3%
22.2%
25.9%
18.9%
-37.7%
Average Median Price for Last 12 Months ........
$672,000
$799,492
$803,150
$793,004
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$735
JUN
$863,950
JUL AUG
MEDIAN SALES PRICE
SEP
$405
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$863 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Laguna Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$687,000
$730,000
$785,000
$684,500
-0.4%
Average Price per Square Foot ...........................
$308
$331
$348
$363
17.9%
Properties Sold .......................................................
24
25
13
24
0.0%
Properties Pending Sale .......................................
31
19
17
25
-19.4%
Properties For Sale ................................................
74
73
80
112
51.4%
Days on Market (Pending Sale) ...........................
30
43
56
74
146.7%
Month’s Supply of Inventory ................................
3.1
2.9
6.2
4.7
51.4%
Percent Under Contract ........................................
41.9%
26.0%
21.2%
22.3%
-46.7%
Average Median Price for Last 12 Months ........
$658,000
$684,483
$663,133
$696,338
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$687
JUN
$684,500
JUL AUG
MEDIAN SALES PRICE
SEP
$363
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Laguna Woods DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$0
$687,000
$0
$0
0%
Average Price per Square Foot ...........................
$0
$382
$0
$0
0%
Properties Sold .......................................................
0
1
0
0
0%
Properties Pending Sale .......................................
2
0
0
1
-50.0%
Properties For Sale ................................................
4
2
0
2
-50.0%
Days on Market (Pending Sale) ...........................
13
0
0
41
215.4%
Month’s Supply of Inventory ................................
0
2
0
0
0%
Percent Under Contract ........................................
50.0%
0.0%
0%
50.0%
0.0%
Average Median Price for Last 12 Months ........
$582,000
$627,500
$772,000
$621,250
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,400,000
$2,150,000
$2,762,500
$1,955,100
39.6%
Average Price per Square Foot ...........................
$919
$955
$1,563
$1,026
11.6%
Properties Sold .......................................................
7
5
4
10
42.9%
Properties Pending Sale .......................................
4
4
2
4
0.0%
Properties For Sale ................................................
34
38
41
41
20.6%
Days on Market (Pending Sale) ...........................
78
36
74
60
-23.1%
Month’s Supply of Inventory ................................
4.9
7.6
10.2
4.1
-15.6%
Percent Under Contract ........................................
11.8%
10.5%
4.9%
9.8%
-17.1%
Average Median Price for Last 12 Months ........
$2,282,000
$2,957,058
$3,385,033
$2,832,681
24.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.400
JUN
$1,955,100
JUL AUG
MEDIAN SALES PRICE
SEP
$1,026
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Mission Viejo DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$632,500
$670,000
$629,000
$631,500
-0.2%
Average Price per Square Foot ...........................
$309
$292
$319
$335
8.4%
Properties Sold .......................................................
92
67
53
83
-9.8%
Properties Pending Sale .......................................
105
75
64
92
-12.4%
Properties For Sale ................................................
233
266
237
310
33.0%
Days on Market (Pending Sale) ...........................
29
50
52
46
58.6%
Month’s Supply of Inventory ................................
2.5
4
4.5
3.7
47.5%
Percent Under Contract ........................................
45.1%
28.2%
27.0%
29.7%
-34.1%
Average Median Price for Last 12 Months ........
$543,000
$628,167
$633,833
$625,308
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$632
JUN
$631,500
JUL AUG
MEDIAN SALES PRICE
SEP
$335
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$631 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Newport Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,589,000
$1,995,000
$1,650,000
$1,925,000
21.1%
Average Price per Square Foot ...........................
$693
$817
$765
$882
27.3%
Properties Sold .......................................................
67
49
37
63
-6.0%
Properties Pending Sale .......................................
63
49
37
60
-4.8%
Properties For Sale ................................................
280
281
268
351
25.4%
Days on Market (Pending Sale) ...........................
50
61
65
63
26.0%
Month’s Supply of Inventory ................................
4.2
5.7
7.2
5.6
33.3%
Percent Under Contract ........................................
22.5%
17.4%
13.8%
17.1%
-24.0%
Average Median Price for Last 12 Months ........
$1,492,000
$1,812,750
$1,887,167
$1,802,250
20.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.589
JUN
$1,925,000
JUL AUG
MEDIAN SALES PRICE
SEP
$882
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Newport Coast DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,667,500
$2,875,000
$2,650,000
$1,814,250
-32.0%
Average Price per Square Foot ...........................
$812
$793
$960
$785
-3.3%
Properties Sold .......................................................
26
9
7
11
-57.7%
Properties Pending Sale .......................................
21
10
11
11
-47.6%
Properties For Sale ................................................
83
82
76
110
32.5%
Days on Market (Pending Sale) ...........................
99
85
113
151
52.5%
Month’s Supply of Inventory ................................
3.2
9.1
10.9
10
213.3%
Percent Under Contract ........................................
25.3%
12.2%
14.5%
10.0%
-60.5%
Average Median Price for Last 12 Months ........
$2,482,000
$2,859,042
$2,803,917
$2,814,519
13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.667
MAY JUN
$1,814,250
JUL AUG
MEDIAN SALES PRICE
SEP
$785
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.814 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Newport Heights DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,075,000
$1,315,000
$1,300,000
$2,416,366
124.8%
Average Price per Square Foot ...........................
$610
$657
$582
$652
6.9%
Properties Sold .......................................................
5
5
3
8
60.0%
Properties Pending Sale .......................................
7
3
3
4
-42.9%
Properties For Sale ................................................
34
28
32
25
-26.5%
Days on Market (Pending Sale) ...........................
34
72
84
108
217.6%
Month’s Supply of Inventory ................................
6.8
5.6
10.7
3.1
-54.0%
Percent Under Contract ........................................
20.6%
10.7%
9.4%
16.0%
-22.3%
Average Median Price for Last 12 Months ........
$1,424,000
$1,895,946
$2,035,455
$1,631,398
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.075
JUN
$2,416,366
JUL AUG
MEDIAN SALES PRICE
SEP
$652
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.416 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Rancho Santa Margarita DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$636,500
$622,500
$700,000
$643,500
1.1%
Average Price per Square Foot ...........................
$284
$316
$311
$320
12.7%
Properties Sold .......................................................
52
30
35
35
-32.7%
Properties Pending Sale .......................................
67
34
45
58
-13.4%
Properties For Sale ................................................
111
110
121
178
60.4%
Days on Market (Pending Sale) ...........................
32
72
52
47
46.9%
Month’s Supply of Inventory ................................
2.1
3.7
3.5
5.1
138.2%
Percent Under Contract ........................................
60.4%
30.9%
37.2%
32.6%
-46.0%
Average Median Price for Last 12 Months ........
$559,000
$644,917
$638,500
$641,248
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$636
JUN
$643,500
JUL AUG
MEDIAN SALES PRICE
SEP
$320
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$643 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Clemente DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$802,500
$820,000
$800,000
$853,750
6.4%
Average Price per Square Foot ...........................
$344
$355
$415
$390
13.4%
Properties Sold .......................................................
70
47
49
68
-2.9%
Properties Pending Sale .......................................
77
51
42
70
-9.1%
Properties For Sale ................................................
266
260
247
311
16.9%
Days on Market (Pending Sale) ...........................
54
60
62
67
24.1%
Month’s Supply of Inventory ................................
3.8
5.5
5
4.6
20.4%
Percent Under Contract ........................................
28.9%
19.6%
17.0%
22.5%
-22.2%
Average Median Price for Last 12 Months ........
$727,000
$817,458
$828,917
$821,981
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$802
JUN
$853,750
JUL AUG
MEDIAN SALES PRICE
SEP
$390
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$853 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
San Juan Capistrano DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$775,000
$750,000
$1,610,000
$995,000
28.4%
Average Price per Square Foot ...........................
$304
$307
$391
$351
15.5%
Properties Sold .......................................................
38
17
16
25
-34.2%
Properties Pending Sale .......................................
22
20
28
28
27.3%
Properties For Sale ................................................
119
137
127
143
20.2%
Days on Market (Pending Sale) ...........................
43
62
84
80
86.0%
Month’s Supply of Inventory ................................
3.1
8.1
7.9
5.7
82.7%
Percent Under Contract ........................................
18.5%
14.6%
22.0%
19.6%
5.9%
Average Median Price for Last 12 Months ........
$668,000
$930,583
$780,000
$862,900
29.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$775
JUN
$995,000
JUL AUG
MEDIAN SALES PRICE
SEP
$351
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Shady Canyon DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$8,500,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$567
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
1
0
2
0
-100.0%
Properties For Sale ................................................
10
9
8
3
-70.0%
Days on Market (Pending Sale) ...........................
200
0
208
0
-100.0%
Month’s Supply of Inventory ................................
10
0
0
0
0%
Percent Under Contract ........................................
10.0%
0.0%
25.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$5,105,000
$5,256,333
$4,734,500
$5,713,800
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$8.500
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Turtle Ridge DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,815,000
$2,802,500
$2,800,000
$3,550,000
95.6%
Average Price per Square Foot ...........................
$613
$693
$692
$725
18.3%
Properties Sold .......................................................
7
4
1
2
-71.4%
Properties Pending Sale .......................................
6
6
5
6
0.0%
Properties For Sale ................................................
18
28
27
35
94.4%
Days on Market (Pending Sale) ...........................
47
70
104
155
229.8%
Month’s Supply of Inventory ................................
2.6
7
27
17.5
580.6%
Percent Under Contract ........................................
33.3%
21.4%
18.5%
17.1%
-48.6%
Average Median Price for Last 12 Months ........
$2,009,000
$2,554,333
$2,772,800
$2,463,541
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.815
JUN
$3,550,000
JUL AUG
MEDIAN SALES PRICE
SEP
$725
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
17.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Turtle Rock DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,607,500
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$604
$0
$0
$0
-100.0%
Properties Sold .......................................................
2
0
0
0
-100.0%
Properties Pending Sale .......................................
3
1
2
0
-100.0%
Properties For Sale ................................................
10
8
5
3
-70.0%
Days on Market (Pending Sale) ...........................
106
104
144
0
-100.0%
Month’s Supply of Inventory ................................
5
0
0
0
0%
Percent Under Contract ........................................
30.0%
12.5%
40.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,105,000
$1,993,629
$1,390,000
$1,678,032
51.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.607
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Westminster DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$475,000
$520,000
$539,500
$518,500
9.2%
Average Price per Square Foot ...........................
$301
$320
$322
$307
2.0%
Properties Sold .......................................................
38
31
24
36
-5.3%
Properties Pending Sale .......................................
49
32
35
43
-12.2%
Properties For Sale ................................................
106
104
108
140
32.1%
Days on Market (Pending Sale) ...........................
24
42
35
42
75.0%
Month’s Supply of Inventory ................................
2.8
3.4
4.5
3.9
39.4%
Percent Under Contract ........................................
46.2%
30.8%
32.4%
30.7%
-33.6%
Average Median Price for Last 12 Months ........
$424,000
$516,667
$520,333
$508,962
20.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$475
JUN
$518,500
JUL AUG
MEDIAN SALES PRICE
SEP
$307
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$518 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,255,000
$1,617,500
$1,338,500
$1,270,000
1.2%
Average Price per Square Foot ...........................
$556
$626
$596
$556
0.0%
Properties Sold .......................................................
13
10
6
9
-30.8%
Properties Pending Sale .......................................
14
10
9
15
7.1%
Properties For Sale ................................................
41
45
41
68
65.9%
Days on Market (Pending Sale) ...........................
32
60
68
58
81.2%
Month’s Supply of Inventory ................................
3.2
4.5
6.8
7.6
139.6%
Percent Under Contract ........................................
34.1%
22.2%
22.0%
22.1%
-35.4%
Average Median Price for Last 12 Months ........
$1,243,000
$1,484,750
$1,473,333
$1,457,269
17.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.255
JUN
$1,270,000
JUL AUG
MEDIAN SALES PRICE
SEP
$556
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West Newport - Lido DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,650,000
$1,600,000
$1,525,000
$2,850,000
72.7%
Average Price per Square Foot ...........................
$1,318
$1,129
$836
$1,191
-9.6%
Properties Sold .......................................................
6
7
4
10
66.7%
Properties Pending Sale .......................................
5
8
6
11
120.0%
Properties For Sale ................................................
54
52
39
57
5.6%
Days on Market (Pending Sale) ...........................
59
93
47
66
11.9%
Month’s Supply of Inventory ................................
9
7.4
9.8
5.7
-36.7%
Percent Under Contract ........................................
9.3%
15.4%
15.4%
19.3%
108.4%
Average Median Price for Last 12 Months ........
$1,788,000
$2,221,525
$2,794,833
$2,084,319
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.650
JUN
$2,850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,191
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : May 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : May 2014
telesproperties.com
Carpinteria DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$850,500
$2,200,000
$2,875,000
$708,250
-16.7%
Average Price per Square Foot ...........................
$453
$532
$963
$521
15.0%
Properties Sold .......................................................
10
5
3
6
-40.0%
Properties Pending Sale .......................................
5
5
2
2
-60.0%
Properties For Sale ................................................
51
38
38
37
-27.5%
Days on Market (Pending Sale) ...........................
12
33
264
87
625.0%
Month’s Supply of Inventory ................................
5.1
7.6
12.7
6.2
20.9%
Percent Under Contract ........................................
9.8%
13.2%
5.3%
5.4%
-44.9%
Average Median Price for Last 12 Months ........
$976,000
$1,173,163
$818,083
$1,085,611
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$850
JUN
$708,250
JUL AUG
MEDIAN SALES PRICE
SEP
$521
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$708 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Goleta DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$689,125
$802,500
$870,000
$780,000
13.2%
Average Price per Square Foot ...........................
$484
$419
$560
$443
-8.5%
Properties Sold .......................................................
10
10
5
8
-20.0%
Properties Pending Sale .......................................
14
6
8
5
-64.3%
Properties For Sale ................................................
34
26
27
18
-47.1%
Days on Market (Pending Sale) ...........................
19
27
16
13
-31.6%
Month’s Supply of Inventory ................................
3.4
2.6
5.4
2.2
-33.8%
Percent Under Contract ........................................
41.2%
23.1%
29.6%
27.8%
-32.5%
Average Median Price for Last 12 Months ........
$684,000
$794,833
$755,000
$771,817
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$689
JUN
$780,000
JUL AUG
MEDIAN SALES PRICE
SEP
$443
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Hope Ranch DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,595,500
$3,575,000
$3,750,000
$2,812,500
8.4%
Average Price per Square Foot ...........................
$746
$697
$1,312
$875
17.3%
Properties Sold .......................................................
2
2
1
1
-50.0%
Properties Pending Sale .......................................
2
2
3
3
50.0%
Properties For Sale ................................................
29
40
34
38
31.0%
Days on Market (Pending Sale) ...........................
258
19
16
40
-84.5%
Month’s Supply of Inventory ................................
14.5
20
34
38
162.1%
Percent Under Contract ........................................
6.9%
5.0%
8.8%
7.9%
14.5%
Average Median Price for Last 12 Months ........
$2,643,000
$3,533,042
$3,731,083
$2,988,788
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.595
JUN
$2,812,500
JUL AUG
MEDIAN SALES PRICE
SEP
$875
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
38 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.812 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Montecito DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$2,500,000
$2,323,750
$2,220,000
$2,167,500
-13.3%
Average Price per Square Foot ...........................
$795
$1,146
$1,197
$871
9.6%
Properties Sold .......................................................
31
14
8
18
-41.9%
Properties Pending Sale .......................................
33
19
8
27
-18.2%
Properties For Sale ................................................
214
175
151
195
-8.9%
Days on Market (Pending Sale) ...........................
50
168
212
86
72.0%
Month’s Supply of Inventory ................................
6.9
12.5
18.9
10.8
56.9%
Percent Under Contract ........................................
15.4%
10.9%
5.3%
13.8%
-10.2%
Average Median Price for Last 12 Months ........
$2,342,000
$2,345,000
$2,551,667
$2,387,558
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.500
JUN
$2,167,500
JUL AUG
MEDIAN SALES PRICE
SEP
$871
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.167 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Barbara East of State DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$862,000
$925,000
$1,203,000
$1,425,000
65.3%
Average Price per Square Foot ...........................
$580
$592
$536
$659
13.6%
Properties Sold .......................................................
34
21
18
41
20.6%
Properties Pending Sale .......................................
35
25
22
21
-40.0%
Properties For Sale ................................................
130
124
99
119
-8.5%
Days on Market (Pending Sale) ...........................
62
71
28
40
-35.5%
Month’s Supply of Inventory ................................
3.8
5.9
5.5
2.9
-24.1%
Percent Under Contract ........................................
26.9%
20.2%
22.2%
17.6%
-34.5%
Average Median Price for Last 12 Months ........
$904,000
$1,250,083
$1,311,667
$1,130,145
25.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$862
JUN
$1,425,000
JUL AUG
MEDIAN SALES PRICE
SEP
$659
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Barbara West of State DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$879,500
$850,000
$905,000
$950,000
8.0%
Average Price per Square Foot ...........................
$534
$613
$565
$500
-6.4%
Properties Sold .......................................................
34
19
13
27
-20.6%
Properties Pending Sale .......................................
26
20
18
20
-23.1%
Properties For Sale ................................................
79
67
63
69
-12.7%
Days on Market (Pending Sale) ...........................
30
35
55
24
-20.0%
Month’s Supply of Inventory ................................
2.3
3.5
4.8
2.6
10.0%
Percent Under Contract ........................................
32.9%
29.9%
28.6%
29.0%
-11.9%
Average Median Price for Last 12 Months ........
$705,000
$947,583
$955,833
$922,846
30.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$879
JUN
$950,000
JUL AUG
MEDIAN SALES PRICE
SEP
$500
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Ynez DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$649,500
$618,000
$785,000
$600,000
-7.6%
Average Price per Square Foot ...........................
$323
$301
$328
$463
43.3%
Properties Sold .......................................................
10
7
5
11
10.0%
Properties Pending Sale .......................................
8
9
11
13
62.5%
Properties For Sale ................................................
92
113
106
126
37.0%
Days on Market (Pending Sale) ...........................
64
36
223
92
43.8%
Month’s Supply of Inventory ................................
9.2
16.1
21.2
11.5
24.5%
Percent Under Contract ........................................
8.7%
8.0%
10.4%
10.3%
18.7%
Average Median Price for Last 12 Months ........
$706,000
$691,667
$590,833
$660,731
-6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$649
JUN
$600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$463
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : May 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : May 2014
telesproperties.com
Carmel DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,262,500
$1,462,500
$1,587,500
$1,072,500
-15.0%
Average Price per Square Foot ...........................
$710
$937
$807
$729
2.7%
Properties Sold .......................................................
28
14
22
30
7.1%
Properties Pending Sale .......................................
25
22
25
29
16.0%
Properties For Sale ................................................
158
149
149
153
-3.2%
Days on Market (Pending Sale) ...........................
141
109
103
102
-27.7%
Month’s Supply of Inventory ................................
5.6
10.6
6.8
5.1
-9.6%
Percent Under Contract ........................................
15.8%
14.8%
16.8%
19.0%
19.8%
Average Median Price for Last 12 Months ........
$1,220,000
$1,404,063
$1,239,167
$1,296,317
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.262
JUN
$1,072,500
JUL AUG
MEDIAN SALES PRICE
SEP
$729
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.072 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Carmel Valley DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$800,000
$1,200,000
$1,317,500
$1,039,000
29.9%
Average Price per Square Foot ...........................
$397
$630
$431
$445
12.1%
Properties Sold .......................................................
17
7
10
17
0.0%
Properties Pending Sale .......................................
11
12
8
17
54.5%
Properties For Sale ................................................
104
111
85
99
-4.8%
Days on Market (Pending Sale) ...........................
65
103
64
66
1.5%
Month’s Supply of Inventory ................................
6.1
15.9
8.5
5.8
-4.8%
Percent Under Contract ........................................
10.6%
10.8%
9.4%
17.2%
62.4%
Average Median Price for Last 12 Months ........
$847,000
$1,099,542
$988,250
$1,006,942
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$800
JUN
$1,039,000
JUL AUG
MEDIAN SALES PRICE
SEP
$445
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.039 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Pacific Grove DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$603,250
$695,000
$745,000
$702,500
16.5%
Average Price per Square Foot ...........................
$599
$517
$451
$460
-23.2%
Properties Sold .......................................................
14
11
5
14
0.0%
Properties Pending Sale .......................................
12
13
15
12
0.0%
Properties For Sale ................................................
57
50
54
58
1.8%
Days on Market (Pending Sale) ...........................
22
94
82
50
127.3%
Month’s Supply of Inventory ................................
4.1
4.5
10.8
4.1
1.8%
Percent Under Contract ........................................
21.1%
26.0%
27.8%
20.7%
-1.7%
Average Median Price for Last 12 Months ........
$619,000
$737,409
$702,567
$713,796
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$603
JUN
$702,500
JUL AUG
MEDIAN SALES PRICE
SEP
$460
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$702 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Pebble Beach DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$935,000
$1,027,725
$1,354,000
$1,445,000
54.5%
Average Price per Square Foot ...........................
$660
$529
$735
$995
50.8%
Properties Sold .......................................................
7
6
14
13
85.7%
Properties Pending Sale .......................................
7
10
9
11
57.1%
Properties For Sale ................................................
96
92
78
79
-17.7%
Days on Market (Pending Sale) ...........................
398
150
191
116
-70.9%
Month’s Supply of Inventory ................................
13.7
15.3
5.6
6.1
-55.7%
Percent Under Contract ........................................
7.3%
10.9%
11.5%
13.9%
91.0%
Average Median Price for Last 12 Months ........
$1,256,000
$1,591,583
$1,425,833
$1,449,979
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$935
JUN
$1,445,000
JUL AUG
MEDIAN SALES PRICE
SEP
$995
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.445 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : May 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : May 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$497,500
$747,500
$769,500
$645,500
29.7%
Average Price per Square Foot ...........................
$488
$538
$605
$504
3.3%
Properties Sold .......................................................
4
12
4
8
100.0%
Properties Pending Sale .......................................
6
14
11
15
150.0%
Properties For Sale ................................................
26
37
24
39
50.0%
Days on Market (Pending Sale) ...........................
26
61
56
27
3.8%
Month’s Supply of Inventory ................................
6.5
3.1
6
4.9
-25.0%
Percent Under Contract ........................................
23.1%
37.8%
45.8%
38.5%
66.7%
Average Median Price for Last 12 Months ........
$525,000
$685,000
$673,500
$671,577
27.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$497
JUN
$645,500
JUL AUG
MEDIAN SALES PRICE
SEP
$504
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Beverly Hills DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$968,000
$905,000
$1,288,000
$1,152,500
19.1%
Average Price per Square Foot ...........................
$835
$573
$612
$716
-14.3%
Properties Sold .......................................................
13
4
10
12
-7.7%
Properties Pending Sale .......................................
10
8
8
11
10.0%
Properties For Sale ................................................
43
49
49
56
30.2%
Days on Market (Pending Sale) ...........................
77
37
83
42
-45.5%
Month’s Supply of Inventory ................................
3.3
12.2
4.9
4.7
41.1%
Percent Under Contract ........................................
23.3%
16.3%
16.3%
19.6%
-15.5%
Average Median Price for Last 12 Months ........
$882,000
$1,078,000
$1,005,833
$983,846
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$968
JUN
$1,152,500
JUL AUG
MEDIAN SALES PRICE
SEP
$716
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.152 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Brentwood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$639,950
$600,000
$747,000
$672,500
5.1%
Average Price per Square Foot ...........................
$521
$441
$466
$513
-1.5%
Properties Sold .......................................................
22
9
9
20
-9.1%
Properties Pending Sale .......................................
25
15
13
20
-20.0%
Properties For Sale ................................................
84
68
66
86
2.4%
Days on Market (Pending Sale) ...........................
35
33
46
37
5.7%
Month’s Supply of Inventory ................................
3.8
7.6
7.3
4.3
12.6%
Percent Under Contract ........................................
29.8%
22.1%
19.7%
23.3%
-21.9%
Average Median Price for Last 12 Months ........
$669,000
$775,000
$772,333
$722,573
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$639
JUN
$672,500
JUL AUG
MEDIAN SALES PRICE
SEP
$513
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$672 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Culver City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$385,000
$466,500
$392,500
$410,000
6.5%
Average Price per Square Foot ...........................
$357
$369
$354
$415
16.2%
Properties Sold .......................................................
17
10
10
16
-5.9%
Properties Pending Sale .......................................
27
10
16
22
-18.5%
Properties For Sale ................................................
42
34
44
52
23.8%
Days on Market (Pending Sale) ...........................
21
22
41
28
33.3%
Month’s Supply of Inventory ................................
2.5
3.4
4.4
3.2
31.5%
Percent Under Contract ........................................
64.3%
29.4%
36.4%
42.3%
-34.2%
Average Median Price for Last 12 Months ........
$329,000
$401,833
$413,000
$405,274
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$385
JUN
$410,000
JUL AUG
MEDIAN SALES PRICE
SEP
$415
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Encino DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$266,000
$280,000
$377,000
$320,000
20.3%
Average Price per Square Foot ...........................
$247
$229
$288
$267
8.1%
Properties Sold .......................................................
24
7
12
15
-37.5%
Properties Pending Sale .......................................
18
13
17
24
33.3%
Properties For Sale ................................................
21
37
33
40
90.5%
Days on Market (Pending Sale) ...........................
45
44
57
59
31.1%
Month’s Supply of Inventory ................................
0.9
5.3
2.8
2.7
204.8%
Percent Under Contract ........................................
85.7%
35.1%
51.5%
60.0%
-30.0%
Average Median Price for Last 12 Months ........
$229,923
$311,167
$310,667
$296,538
29.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$266
JUN
$320,000
JUL AUG
MEDIAN SALES PRICE
SEP
$267
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Malibu DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$443,500
$0
$817,500
$1,025,000
131.1%
Average Price per Square Foot ...........................
$458
$0
$478
$480
4.8%
Properties Sold .......................................................
4
0
2
3
-25.0%
Properties Pending Sale .......................................
2
2
2
1
-50.0%
Properties For Sale ................................................
19
24
22
17
-10.5%
Days on Market (Pending Sale) ...........................
142
23
32
15
-89.4%
Month’s Supply of Inventory ................................
4.8
0
11
5.7
19.3%
Percent Under Contract ........................................
10.5%
8.3%
9.1%
5.9%
-44.1%
Average Median Price for Last 12 Months ........
$645,000
$792,667
$895,333
$768,136
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$443
JUN
$1,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
$480
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Marina Del Rey DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$733,750
$685,000
$752,000
$817,500
11.4%
Average Price per Square Foot ...........................
$511
$517
$466
$511
0.0%
Properties Sold .......................................................
28
19
21
26
-7.1%
Properties Pending Sale .......................................
27
24
27
32
18.5%
Properties For Sale ................................................
136
148
140
146
7.4%
Days on Market (Pending Sale) ...........................
70
64
56
76
8.6%
Month’s Supply of Inventory ................................
4.9
7.8
6.7
5.6
15.6%
Percent Under Contract ........................................
19.9%
16.2%
19.3%
21.9%
10.4%
Average Median Price for Last 12 Months ........
$624,000
$738,233
$761,667
$742,024
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$733
JUN
$817,500
JUL AUG
MEDIAN SALES PRICE
SEP
$511
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Santa Monica DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$780,000
$717,750
$694,800
$884,500
13.4%
Average Price per Square Foot ...........................
$721
$651
$795
$752
4.3%
Properties Sold .......................................................
41
32
23
28
-31.7%
Properties Pending Sale .......................................
30
28
41
40
33.3%
Properties For Sale ................................................
88
101
124
156
77.3%
Days on Market (Pending Sale) ...........................
37
42
54
42
13.5%
Month’s Supply of Inventory ................................
2.1
3.2
5.4
5.6
159.6%
Percent Under Contract ........................................
34.1%
27.7%
33.1%
25.6%
-24.8%
Average Median Price for Last 12 Months ........
$722,000
$776,550
$803,167
$789,965
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$780
JUN
$884,500
JUL AUG
MEDIAN SALES PRICE
SEP
$752
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$884 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Sherman Oaks DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$340,000
$380,000
$381,000
$413,000
21.5%
Average Price per Square Foot ...........................
$288
$313
$293
$313
8.7%
Properties Sold .......................................................
23
18
12
21
-8.7%
Properties Pending Sale .......................................
23
21
18
16
-30.4%
Properties For Sale ................................................
17
35
35
53
211.8%
Days on Market (Pending Sale) ...........................
56
45
53
60
7.1%
Month’s Supply of Inventory ................................
0.7
1.9
2.9
2.5
241.5%
Percent Under Contract ........................................
135.3%
60.0%
51.4%
30.2%
-77.7%
Average Median Price for Last 12 Months ........
$307,077
$402,333
$396,333
$385,154
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$340
JUN
$413,000
JUL AUG
MEDIAN SALES PRICE
SEP
$313
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$413 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Studio City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$516,000
$380,000
$439,000
$540,000
4.7%
Average Price per Square Foot ...........................
$353
$359
$396
$340
-3.7%
Properties Sold .......................................................
17
6
9
7
-58.8%
Properties Pending Sale .......................................
23
12
10
8
-65.2%
Properties For Sale ................................................
17
29
29
37
117.6%
Days on Market (Pending Sale) ...........................
37
63
47
97
162.2%
Month’s Supply of Inventory ................................
1
4.8
3.2
5.3
428.6%
Percent Under Contract ........................................
135.3%
41.4%
34.5%
21.6%
-84.0%
Average Median Price for Last 12 Months ........
$420,308
$488,500
$486,667
$470,538
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$516
JUN
$540,000
JUL AUG
MEDIAN SALES PRICE
SEP
$340
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Venice DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$1,160,000
$899,000
$1,179,000
$1,643,000
41.6%
Average Price per Square Foot ...........................
$670
$597
$788
$1,088
62.4%
Properties Sold .......................................................
13
7
5
2
-84.6%
Properties Pending Sale .......................................
6
2
3
8
33.3%
Properties For Sale ................................................
18
10
11
29
61.1%
Days on Market (Pending Sale) ...........................
26
102
23
14
-46.2%
Month’s Supply of Inventory ................................
1.4
1.4
2.2
14.5
947.2%
Percent Under Contract ........................................
33.3%
20.0%
27.3%
27.6%
-17.2%
Average Median Price for Last 12 Months ........
$1,066,000
$1,176,660
$1,173,100
$1,094,317
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.160
JUN
$1,643,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,088
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
14.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.643 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West Hollywood DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$494,500
$775,000
$563,750
$610,000
23.4%
Average Price per Square Foot ...........................
$505
$611
$506
$551
9.1%
Properties Sold .......................................................
28
19
24
29
3.6%
Properties Pending Sale .......................................
38
29
27
32
-15.8%
Properties For Sale ................................................
127
128
108
138
8.7%
Days on Market (Pending Sale) ...........................
32
79
39
42
31.2%
Month’s Supply of Inventory ................................
4.5
6.7
4.5
4.8
4.9%
Percent Under Contract ........................................
29.9%
22.7%
25.0%
23.2%
-22.5%
Average Median Price for Last 12 Months ........
$476,000
$628,625
$646,333
$588,885
23.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$494
JUN
$610,000
JUL AUG
MEDIAN SALES PRICE
SEP
$551
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
West LA DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$680,000
$760,000
$600,000
$706,000
3.8%
Average Price per Square Foot ...........................
$417
$460
$441
$476
14.1%
Properties Sold .......................................................
17
9
13
9
-47.1%
Properties Pending Sale .......................................
11
7
12
20
81.8%
Properties For Sale ................................................
41
44
44
66
61.0%
Days on Market (Pending Sale) ...........................
21
47
43
32
52.4%
Month’s Supply of Inventory ................................
2.4
4.9
3.4
7.3
204.1%
Percent Under Contract ........................................
26.8%
15.9%
27.3%
30.3%
12.9%
Average Median Price for Last 12 Months ........
$584,000
$634,542
$625,000
$649,981
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$680
JUN
$706,000
JUL AUG
MEDIAN SALES PRICE
SEP
$476
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$706 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
telesproperties.com
Westwood - Century City DATA*
May 2013
6 month
3 month
May 2014
% change
Median Price ..........................................................
$706,950
$654,000
$816,063
$805,000
13.9%
Average Price per Square Foot ...........................
$535
$589
$608
$677
26.5%
Properties Sold .......................................................
40
44
40
39
-2.5%
Properties Pending Sale .......................................
48
39
39
44
-8.3%
Properties For Sale ................................................
274
277
268
294
7.3%
Days on Market (Pending Sale) ...........................
33
64
89
58
75.8%
Month’s Supply of Inventory ................................
6.8
6.3
6.7
7.5
10.1%
Percent Under Contract ........................................
17.5%
14.1%
14.6%
15.0%
-14.6%
Average Median Price for Last 12 Months ........
$631,000
$750,844
$764,667
$732,657
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$706
JUN
$805,000
JUL AUG
MEDIAN SALES PRICE
SEP
$677
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2014
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