micro market report luxury real estate market research May 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : May 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : May 2015
telesproperties.com
Los Angeles County DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$525,000
$518,000
$505,267
$538,000
2.5%
Average Price per Square Foot ...........................
$408
$418
$398
$426
4.4%
Properties Sold .......................................................
4167
3331
2786
4472
7.3%
Properties Pending Sale .......................................
4165
3540
4411
5246
26.0%
Properties For Sale ................................................
19,621
18,521
16,868
18,370
-6.4%
Days on Market (Pending Sale) ...........................
54
62
51
41
-24.1%
Month’s Supply of Inventory ................................
4.7
5.6
6.1
4.1
-12.8%
Percent Under Contract ........................................
21.2%
19.1%
26.2%
28.6%
34.5%
Average Median Price for Last 12 Months ........
$614,000
$515,461
$529,667
$524,905
-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
$525
JUN
$538,000
JUL AUG
MEDIAN SALES PRICE
SEP
$426
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$538 M E 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 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$3,408,794
$1,450,000
$1,847,500
$2,360,000
-30.8%
Average Price per Square Foot ...........................
$947
$1,188
$795
$852
-10.0%
Properties Sold .......................................................
15
10
12
13
-13.3%
Properties Pending Sale .......................................
15
16
10
16
6.7%
Properties For Sale ................................................
112
123
108
132
17.9%
Days on Market (Pending Sale) ...........................
59
92
103
47
-20.3%
Month’s Supply of Inventory ................................
7.5
12.3
9
10.2
36.0%
Percent Under Contract ........................................
13.4%
13.0%
9.3%
12.1%
-9.5%
Average Median Price for Last 12 Months ........
$1,872,000
$2,311,667
$2,483,333
$2,319,107
19.3%
*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 $3.408
MAY JUN
$2,360,000
JUL AUG
MEDIAN SALES PRICE
SEP
$852
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.360 M E 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 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,230,000
$1,499,549
$1,354,500
$1,400,000
13.8%
Average Price per Square Foot ...........................
$632
$677
$662
$654
3.5%
Properties Sold .......................................................
21
16
12
17
-19.0%
Properties Pending Sale .......................................
21
11
14
19
-9.5%
Properties For Sale ................................................
67
62
62
67
0.0%
Days on Market (Pending Sale) ...........................
37
23
53
23
-37.8%
Month’s Supply of Inventory ................................
3.2
3.9
5.2
3.9
23.5%
Percent Under Contract ........................................
31.3%
17.7%
22.6%
28.4%
-9.5%
Average Median Price for Last 12 Months ........
$1,218,000
$1,370,917
$1,425,333
$1,369,523
11.1%
*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
$1.230
JUN
$1,400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$654
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Beverly Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$6,350,000
$6,200,000
$3,955,000
$3,435,000
-45.9%
Average Price per Square Foot ...........................
$1,456
$1,329
$1,582
$1,365
-6.2%
Properties Sold .......................................................
14
9
8
18
28.6%
Properties Pending Sale .......................................
12
7
12
28
133.3%
Properties For Sale ................................................
95
86
92
98
3.2%
Days on Market (Pending Sale) ...........................
51
74
60
55
7.8%
Month’s Supply of Inventory ................................
6.8
9.6
11.5
5.4
-19.8%
Percent Under Contract ........................................
12.6%
8.1%
13.0%
28.6%
126.2%
Average Median Price for Last 12 Months ........
$4,752,000
$4,755,833
$4,761,667
$4,408,462
-7.8%
*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 $6.350
MAY JUN
$3,435,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,365
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.435 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 2015
telesproperties.com
Beverly Hills- Post Office DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,065,000
$2,616,500
$2,000,000
$2,462,500
19.2%
Average Price per Square Foot ...........................
$664
$943
$635
$851
28.2%
Properties Sold .......................................................
12
10
9
12
0.0%
Properties Pending Sale .......................................
18
14
13
13
-27.8%
Properties For Sale ................................................
124
130
137
140
12.9%
Days on Market (Pending Sale) ...........................
93
83
94
76
-18.3%
Month’s Supply of Inventory ................................
10.3
13
15.2
11.7
12.9%
Percent Under Contract ........................................
14.5%
10.8%
9.5%
9.3%
-36.0%
Average Median Price for Last 12 Months ........
$2,175,000
$2,389,583
$2,054,167
$2,484,154
12.4%
*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
$2.065
JUN
$2,462,500
JUL AUG
MEDIAN SALES PRICE
SEP
$851
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.462 M E 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 2015
telesproperties.com
Beverlywood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$865,000
$801,000
$748,000
$959,000
10.9%
Average Price per Square Foot ...........................
$542
$550
$570
$616
13.7%
Properties Sold .......................................................
17
8
10
23
35.3%
Properties Pending Sale .......................................
21
18
15
31
47.6%
Properties For Sale ................................................
66
54
40
62
-6.1%
Days on Market (Pending Sale) ...........................
27
32
42
24
-11.1%
Month’s Supply of Inventory ................................
3.9
6.8
4
2.7
-30.6%
Percent Under Contract ........................................
31.8%
33.3%
37.5%
50.0%
57.1%
Average Median Price for Last 12 Months ........
$875,000
$898,604
$943,000
$935,587
6.5%
*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
$959,000
JUL AUG
MEDIAN SALES PRICE
SEP
$616
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$959 M E 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 2015
telesproperties.com
Brentwood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$3,166,500
$2,224,995
$2,937,500
$2,600,000
-17.9%
Average Price per Square Foot ...........................
$1,071
$965
$922
$880
-17.8%
Properties Sold .......................................................
22
19
12
29
31.8%
Properties Pending Sale .......................................
31
32
18
22
-29.0%
Properties For Sale ................................................
123
110
104
134
8.9%
Days on Market (Pending Sale) ...........................
52
53
57
47
-9.6%
Month’s Supply of Inventory ................................
5.6
5.8
8.7
4.6
-17.4%
Percent Under Contract ........................................
25.2%
29.1%
17.3%
16.4%
-34.9%
Average Median Price for Last 12 Months ........
$2,437,000
$2,826,458
$3,106,964
$2,795,288
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
$3.166
JUN
$2,600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$880
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.600 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,492,500
$1,475,000
$1,833,000
$2,092,500
40.2%
Average Price per Square Foot ...........................
$815
$716
$702
$765
-6.1%
Properties Sold .......................................................
8
5
7
8
0.0%
Properties Pending Sale .......................................
12
12
5
9
-25.0%
Properties For Sale ................................................
27
29
19
26
-3.7%
Days on Market (Pending Sale) ...........................
23
67
52
31
34.8%
Month’s Supply of Inventory ................................
3.4
5.8
2.7
3.2
-3.7%
Percent Under Contract ........................................
44.4%
41.4%
26.3%
34.6%
-22.1%
Average Median Price for Last 12 Months ........
$1,510,000
$1,592,167
$1,581,667
$1,605,462
5.9%
*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
$1.492
JUN
$2,092,500
JUL AUG
MEDIAN SALES PRICE
SEP
$765
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.092 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Culver City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$860,000
$825,000
$779,000
$1,010,000
17.4%
Average Price per Square Foot ...........................
$597
$557
$611
$612
2.5%
Properties Sold .......................................................
13
8
14
15
15.4%
Properties Pending Sale .......................................
18
14
16
18
0.0%
Properties For Sale ................................................
40
45
47
61
52.5%
Days on Market (Pending Sale) ...........................
28
35
40
20
-28.6%
Month’s Supply of Inventory ................................
3.1
5.6
3.4
4.1
32.2%
Percent Under Contract ........................................
45.0%
31.1%
34.0%
29.5%
-34.4%
Average Median Price for Last 12 Months ........
$787,000
$951,333
$992,333
$889,600
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
$860
JUN
$1,010,000
JUL AUG
MEDIAN SALES PRICE
SEP
$612
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.010 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,078,250
$1,255,000
$1,260,000
$1,403,000
30.1%
Average Price per Square Foot ...........................
$586
$656
$628
$622
6.1%
Properties Sold .......................................................
22
25
23
30
36.4%
Properties Pending Sale .......................................
26
28
21
33
26.9%
Properties For Sale ................................................
113
105
104
129
14.2%
Days on Market (Pending Sale) ...........................
35
66
35
38
8.6%
Month’s Supply of Inventory ................................
5.1
4.2
4.5
4.3
-16.3%
Percent Under Contract ........................................
23.0%
26.7%
20.2%
25.6%
11.2%
Average Median Price for Last 12 Months ........
$1,210,000
$1,312,583
$1,275,167
$1,322,519
8.5%
*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
$1.078
JUN
$1,403,000
JUL AUG
MEDIAN SALES PRICE
SEP
$622
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.403 M E 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 2015
telesproperties.com
Hollywood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,325,000
$795,000
$642,500
$995,000
-24.9%
Average Price per Square Foot ...........................
$553
$472
$533
$601
8.7%
Properties Sold .......................................................
5
7
4
6
20.0%
Properties Pending Sale .......................................
10
7
9
12
20.0%
Properties For Sale ................................................
32
32
42
39
21.9%
Days on Market (Pending Sale) ...........................
62
36
51
33
-46.8%
Month’s Supply of Inventory ................................
6.4
4.6
10.5
6.5
1.6%
Percent Under Contract ........................................
31.2%
21.9%
21.4%
30.8%
-1.5%
Average Median Price for Last 12 Months ........
$655,000
$852,083
$860,000
$860,624
23.9%
*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 $1.325
MAY JUN
$995,000
JUL AUG
MEDIAN SALES PRICE
SEP
$601
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 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 2015
telesproperties.com
Hollywood Hills East DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$965,000
$1,048,500
$975,000
$1,368,000
41.8%
Average Price per Square Foot ...........................
$549
$512
$572
$578
5.3%
Properties Sold .......................................................
11
8
7
11
0.0%
Properties Pending Sale .......................................
12
11
14
18
50.0%
Properties For Sale ................................................
62
61
52
79
27.4%
Days on Market (Pending Sale) ...........................
34
52
50
47
38.2%
Month’s Supply of Inventory ................................
5.2
5.5
3.7
7.2
39.0%
Percent Under Contract ........................................
19.4%
18.0%
26.9%
22.8%
17.7%
Average Median Price for Last 12 Months ........
$1,122,000
$1,221,035
$1,262,720
$1,160,004
3.3%
*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
$965
JUN
$1,368,000
JUL AUG
MEDIAN SALES PRICE
SEP
$578
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.368 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Laurel Canyon DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,390,000
$1,555,000
$1,645,000
$1,484,678
6.8%
Average Price per Square Foot ...........................
$713
$727
$681
$746
4.6%
Properties Sold .......................................................
29
20
20
18
-37.9%
Properties Pending Sale .......................................
27
23
28
18
-33.3%
Properties For Sale ................................................
142
144
135
51
-64.1%
Days on Market (Pending Sale) ...........................
55
44
53
43
-21.8%
Month’s Supply of Inventory ................................
5.3
6.3
4.8
2.8
-46.1%
Percent Under Contract ........................................
19.0%
16.0%
20.7%
35.3%
85.6%
Average Median Price for Last 12 Months ........
$1,263,000
$1,473,613
$1,563,893
$1,436,898
12.1%
*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
$1.390
JUN
$1,484,678
JUL AUG
MEDIAN SALES PRICE
SEP
$746
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.484 M E 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 2015
telesproperties.com
Los Feliz DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,180,000
$1,214,300
$1,250,000
$1,650,000
39.8%
Average Price per Square Foot ...........................
$693
$628
$631
$636
-8.2%
Properties Sold .......................................................
21
20
15
17
-19.0%
Properties Pending Sale .......................................
21
18
22
21
0.0%
Properties For Sale ................................................
94
80
63
92
-2.1%
Days on Market (Pending Sale) ...........................
38
45
78
35
-7.9%
Month’s Supply of Inventory ................................
4.5
4.4
2.9
5.4
20.9%
Percent Under Contract ........................................
22.3%
22.5%
34.9%
22.8%
2.2%
Average Median Price for Last 12 Months ........
$1,158,000
$1,343,400
$1,258,333
$1,317,054
12.1%
*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
$1.180
JUN
$1,650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$636
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.650 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 2015
telesproperties.com
Malibu DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,775,000
$2,125,000
$1,755,312
$1,875,000
-32.4%
Average Price per Square Foot ...........................
$792
$798
$551
$804
1.5%
Properties Sold .......................................................
17
11
12
14
-17.6%
Properties Pending Sale .......................................
17
15
15
14
-17.6%
Properties For Sale ................................................
201
204
172
192
-4.5%
Days on Market (Pending Sale) ...........................
136
128
129
104
-23.5%
Month’s Supply of Inventory ................................
11.8
18.5
14.3
13.7
16.0%
Percent Under Contract ........................................
8.5%
7.4%
8.7%
7.3%
-13.8%
Average Median Price for Last 12 Months ........
$1,989,000
$2,071,916
$2,082,061
$2,321,077
14.3%
*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 $2.775
MAY JUN
$1,875,000
JUL AUG
MEDIAN SALES PRICE
SEP
$804
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Malibu Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$9,930,000
$8,200,000
$4,877,500
$5,000,000
-49.6%
Average Price per Square Foot ...........................
$2,422
$3,513
$2,566
$2,386
-1.5%
Properties Sold .......................................................
1
4
2
3
200.0%
Properties Pending Sale .......................................
2
3
1
5
150.0%
Properties For Sale ................................................
80
72
63
85
6.2%
Days on Market (Pending Sale) ...........................
72
119
384
97
34.7%
Month’s Supply of Inventory ................................
80
18
31.5
28.3
-64.6%
Percent Under Contract ........................................
2.5%
4.2%
1.6%
5.9%
135.3%
Average Median Price for Last 12 Months ........
$6,151,000
$4,733,750
$4,700,000
$6,474,231
5.0%
*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 $9.930
MAY JUN
$5,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$2,386
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
28.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Marina Del Rey DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,735,000
$1,200,000
$2,768,578
$1,062,500
-38.8%
Average Price per Square Foot ...........................
$631
$649
$669
$830
31.5%
Properties Sold .......................................................
9
5
4
2
-77.8%
Properties Pending Sale .......................................
5
1
8
5
0.0%
Properties For Sale ................................................
23
21
17
23
0.0%
Days on Market (Pending Sale) ...........................
52
174
80
23
-55.8%
Month’s Supply of Inventory ................................
2.6
4.2
4.2
11.5
350.0%
Percent Under Contract ........................................
21.7%
4.8%
47.1%
21.7%
0.0%
Average Median Price for Last 12 Months ........
$1,594,000
$1,752,221
$1,414,167
$1,704,736
6.5%
*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 $1.735
MAY JUN
$1,062,500
JUL AUG
MEDIAN SALES PRICE
SEP
$830
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.5 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 2015
telesproperties.com
Mid Los Angeles DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$625,000
$415,000
$423,000
$475,000
-24.0%
Average Price per Square Foot ...........................
$353
$293
$308
$355
0.6%
Properties Sold .......................................................
13
27
25
33
153.8%
Properties Pending Sale .......................................
12
26
36
35
191.7%
Properties For Sale ................................................
55
132
137
147
167.3%
Days on Market (Pending Sale) ...........................
39
50
63
35
-10.3%
Month’s Supply of Inventory ................................
4.2
4.9
5.5
4.5
5.3%
Percent Under Contract ........................................
21.8%
19.7%
26.3%
23.8%
9.1%
Average Median Price for Last 12 Months ........
$458,000
$468,417
$481,667
$514,085
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 $625
MAY JUN
$475,000
JUL AUG
MEDIAN SALES PRICE
SEP
$355
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Mid Wilshire DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$595,000
$470,000
$443,000
$793,000
33.3%
Average Price per Square Foot ...........................
$326
$215
$313
$464
42.3%
Properties Sold .......................................................
6
3
3
2
-66.7%
Properties Pending Sale .......................................
3
4
4
5
66.7%
Properties For Sale ................................................
41
26
27
25
-39.0%
Days on Market (Pending Sale) ...........................
123
56
23
58
-52.8%
Month’s Supply of Inventory ................................
6.8
8.7
9
12.5
82.9%
Percent Under Contract ........................................
7.3%
15.4%
14.8%
20.0%
173.3%
Average Median Price for Last 12 Months ........
$540,000
$621,417
$706,833
$618,462
12.7%
*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
$595
JUN
$793,000
JUL AUG
MEDIAN SALES PRICE
SEP
$464
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
12.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$793 M E 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 2015
telesproperties.com
Pacific Palisades DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$3,010,000
$2,539,400
$2,912,000
$3,250,000
8.0%
Average Price per Square Foot ...........................
$929
$967
$879
$1,096
18.0%
Properties Sold .......................................................
29
18
18
33
13.8%
Properties Pending Sale .......................................
44
18
28
28
-36.4%
Properties For Sale ................................................
131
112
126
125
-4.6%
Days on Market (Pending Sale) ...........................
53
39
48
41
-22.6%
Month’s Supply of Inventory ................................
4.5
6.2
7
3.8
-16.1%
Percent Under Contract ........................................
33.6%
16.1%
22.2%
22.4%
-33.3%
Average Median Price for Last 12 Months ........
$2,392,000
$2,697,833
$3,050,000
$2,614,144
8.5%
*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
$3.010
JUN
$3,250,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,096
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.250 M E 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 2015
telesproperties.com
Palms - Mar Vista DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$989,000
$1,155,145
$1,062,000
$1,175,000
18.8%
Average Price per Square Foot ...........................
$661
$625
$643
$702
6.2%
Properties Sold .......................................................
24
27
18
34
41.7%
Properties Pending Sale .......................................
23
18
25
41
78.3%
Properties For Sale ................................................
74
70
78
94
27.0%
Days on Market (Pending Sale) ...........................
21
50
30
28
33.3%
Month’s Supply of Inventory ................................
3.1
2.6
4.3
2.8
-10.3%
Percent Under Contract ........................................
31.1%
25.7%
32.1%
43.6%
40.3%
Average Median Price for Last 12 Months ........
$961,000
$1,130,396
$1,201,458
$1,082,040
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
$989
JUN
$1,175,000
JUL AUG
MEDIAN SALES PRICE
SEP
$702
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Playa Del Rey DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,268,000
$955,000
$1,560,000
$1,850,000
45.9%
Average Price per Square Foot ...........................
$532
$651
$536
$442
-16.9%
Properties Sold .......................................................
3
1
7
3
0.0%
Properties Pending Sale .......................................
4
3
2
3
-25.0%
Properties For Sale ................................................
16
24
15
9
-43.8%
Days on Market (Pending Sale) ...........................
34
17
38
126
270.6%
Month’s Supply of Inventory ................................
5.3
24
2.1
3
-43.8%
Percent Under Contract ........................................
25.0%
12.5%
13.3%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$1,157,000
$2,035,500
$2,598,333
$1,573,577
26.5%
*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
$1.268
JUN
$1,850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$442
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Playa Vista DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$0
$1,182,500
$1,682,450
$1,630,750
0%
Average Price per Square Foot ...........................
$0
$523
$590
$513
0%
Properties Sold .......................................................
0
2
2
2
0%
Properties Pending Sale .......................................
1
2
0
1
0.0%
Properties For Sale ................................................
10
6
6
6
-40.0%
Days on Market (Pending Sale) ...........................
33
53
0
28
-15.2%
Month’s Supply of Inventory ................................
0
3
3
3
0%
Percent Under Contract ........................................
10.0%
33.3%
0.0%
16.7%
66.7%
Average Median Price for Last 12 Months ........
$1,318,000
$1,857,708
$1,846,917
$1,530,250
13.9%
*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 JUN
$1,630,750
JUL AUG
MEDIAN SALES PRICE
SEP
$513
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.630 M E 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 2015
telesproperties.com
Santa Monica DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,575,000
$2,184,100
$3,149,398
$2,675,000
69.8%
Average Price per Square Foot ...........................
$945
$1,165
$1,029
$1,166
23.4%
Properties Sold .......................................................
17
13
10
27
58.8%
Properties Pending Sale .......................................
23
16
15
23
0.0%
Properties For Sale ................................................
89
79
76
94
5.6%
Days on Market (Pending Sale) ...........................
46
51
32
28
-39.1%
Month’s Supply of Inventory ................................
5.2
6.1
7.6
3.5
-33.5%
Percent Under Contract ........................................
25.8%
20.3%
19.7%
24.5%
-5.3%
Average Median Price for Last 12 Months ........
$1,981,000
$2,488,025
$2,416,667
$2,209,808
10.4%
*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
$1.575
JUN
$2,675,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,166
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.675 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 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,842,759
$1,850,000
$1,660,000
$1,765,000
-4.2%
Average Price per Square Foot ...........................
$759
$684
$719
$830
9.4%
Properties Sold .......................................................
35
27
31
41
17.1%
Properties Pending Sale .......................................
39
31
37
58
48.7%
Properties For Sale ................................................
252
280
276
333
32.1%
Days on Market (Pending Sale) ...........................
60
61
50
51
-15.0%
Month’s Supply of Inventory ................................
7.2
10.4
8.9
8.1
12.8%
Percent Under Contract ........................................
15.5%
11.1%
13.4%
17.4%
12.5%
Average Median Price for Last 12 Months ........
$1,462,000
$1,652,242
$1,742,483
$1,770,903
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
$1.842
JUN
$1,765,000
JUL AUG
MEDIAN SALES PRICE
SEP
$830
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.765 M E 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 2015
telesproperties.com
Venice DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,427,500
$1,750,000
$1,750,000
$2,120,000
48.5%
Average Price per Square Foot ...........................
$947
$1,016
$957
$962
1.6%
Properties Sold .......................................................
26
15
8
16
-38.5%
Properties Pending Sale .......................................
19
13
19
13
-31.6%
Properties For Sale ................................................
62
62
69
77
24.2%
Days on Market (Pending Sale) ...........................
30
53
59
31
3.3%
Month’s Supply of Inventory ................................
2.4
4.1
8.6
4.8
101.8%
Percent Under Contract ........................................
30.6%
21.0%
27.5%
16.9%
-44.9%
Average Median Price for Last 12 Months ........
$1,409,000
$1,773,083
$1,988,333
$1,687,106
19.7%
*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
$1.427
JUN
$2,120,000
JUL AUG
MEDIAN SALES PRICE
SEP
$962
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.120 M E 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 2015
telesproperties.com
West Hollywood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,295,938
$1,075,000
$1,475,000
$1,500,500
15.8%
Average Price per Square Foot ...........................
$753
$847
$779
$940
24.8%
Properties Sold .......................................................
10
9
12
12
20.0%
Properties Pending Sale .......................................
8
8
18
9
12.5%
Properties For Sale ................................................
40
57
54
50
25.0%
Days on Market (Pending Sale) ...........................
28
28
38
21
-25.0%
Month’s Supply of Inventory ................................
4
6.3
4.5
4.2
4.2%
Percent Under Contract ........................................
20.0%
14.0%
33.3%
18.0%
-10.0%
Average Median Price for Last 12 Months ........
$1,106,000
$1,602,833
$1,681,000
$1,394,543
20.7%
*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
$1.295
JUN
$1,500,500
JUL AUG
MEDIAN SALES PRICE
SEP
$940
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.500 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 2015
telesproperties.com
West Los Angeles DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$908,250
$905,000
$0
$913,000
0.5%
Average Price per Square Foot ...........................
$582
$781
$0
$693
19.1%
Properties Sold .......................................................
8
7
0
8
0.0%
Properties Pending Sale .......................................
10
7
7
8
-20.0%
Properties For Sale ................................................
34
41
36
33
-2.9%
Days on Market (Pending Sale) ...........................
26
51
33
56
115.4%
Month’s Supply of Inventory ................................
4.2
5.9
0
4.1
-2.9%
Percent Under Contract ........................................
29.4%
17.1%
19.4%
24.2%
-17.6%
Average Median Price for Last 12 Months ........
$807,000
$918,200
$950,333
$901,729
11.7%
*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
$908
JUN
$913,000
JUL AUG
MEDIAN SALES PRICE
SEP
$693
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$913 M E 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 2015
telesproperties.com
Westchester DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$812,000
$845,775
$842,900
$865,500
6.6%
Average Price per Square Foot ...........................
$470
$544
$502
$572
21.7%
Properties Sold .......................................................
23
18
14
22
-4.3%
Properties Pending Sale .......................................
30
28
14
30
0.0%
Properties For Sale ................................................
80
75
43
67
-16.2%
Days on Market (Pending Sale) ...........................
23
48
43
27
17.4%
Month’s Supply of Inventory ................................
3.5
4.2
3.1
3
-12.4%
Percent Under Contract ........................................
37.5%
37.3%
32.6%
44.8%
19.4%
Average Median Price for Last 12 Months ........
$781,000
$880,431
$891,000
$854,451
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
$812
JUN
$865,500
JUL AUG
MEDIAN SALES PRICE
SEP
$572
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 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 2015
telesproperties.com
Westwood - Century City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,885,000
$1,523,000
$1,627,500
$1,650,000
-12.5%
Average Price per Square Foot ...........................
$760
$820
$782
$790
3.9%
Properties Sold .......................................................
16
14
14
15
-6.2%
Properties Pending Sale .......................................
20
6
13
15
-25.0%
Properties For Sale ................................................
74
52
44
55
-25.7%
Days on Market (Pending Sale) ...........................
32
22
58
22
-31.2%
Month’s Supply of Inventory ................................
4.6
3.7
3.1
3.7
-20.7%
Percent Under Contract ........................................
27.0%
11.5%
29.5%
27.3%
0.9%
Average Median Price for Last 12 Months ........
$1,547,000
$1,722,854
$1,772,125
$1,762,048
13.9%
*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
$1.885
JUN
$1,650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$790
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.650 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 2015
telesproperties.com
South Bay Macro Market DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,129,893
$1,192,217
$1,214,447
$1,272,650
12.6%
Average Price per Square Foot ...........................
$503
$578
$583
$584
16.2%
Properties Sold .......................................................
240
188
141
272
13.3%
Properties Pending Sale .......................................
250
192
218
303
21.2%
Properties For Sale ................................................
834
770
714
868
4.1%
Days on Market (Pending Sale) ...........................
53
53
47
39
-26.9%
Month’s Supply of Inventory ................................
3.5
4.1
5.1
3.2
-8.2%
Percent Under Contract ........................................
30.0%
24.9%
30.5%
34.9%
16.5%
Average Median Price for Last 12 Months ........
$1,062,733
$1,204,713
$1,230,092
$1,188,648
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
$1.129
JUN
$1,272,650
JUL AUG
MEDIAN SALES PRICE
SEP
$584
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.272 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
El Segundo DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$898,000
$1,300,000
$835,000
$919,000
2.3%
Average Price per Square Foot ...........................
$430
$603
$592
$628
46.0%
Properties Sold .......................................................
8
4
5
7
-12.5%
Properties Pending Sale .......................................
10
8
8
10
0.0%
Properties For Sale ................................................
23
13
17
22
-4.3%
Days on Market (Pending Sale) ...........................
18
34
25
21
16.7%
Month’s Supply of Inventory ................................
2.9
3.2
3.4
3.1
9.3%
Percent Under Contract ........................................
43.5%
61.5%
47.1%
45.5%
4.5%
Average Median Price for Last 12 Months ........
$849,000
$925,833
$929,500
$964,654
13.6%
*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
$898
JUN
$919,000
JUL AUG
MEDIAN SALES PRICE
SEP
$628
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$919 M E 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 2015
telesproperties.com
Hermosa Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,850,000
$1,549,000
$1,450,000
$2,125,000
14.9%
Average Price per Square Foot ...........................
$631
$969
$813
$940
49.0%
Properties Sold .......................................................
8
9
5
9
12.5%
Properties Pending Sale .......................................
12
9
8
16
33.3%
Properties For Sale ................................................
37
37
21
38
2.7%
Days on Market (Pending Sale) ...........................
56
75
27
28
-50.0%
Month’s Supply of Inventory ................................
4.6
4.1
4.2
4.2
-8.7%
Percent Under Contract ........................................
32.4%
24.3%
38.1%
42.1%
29.8%
Average Median Price for Last 12 Months ........
$1,203,000
$1,825,000
$2,058,333
$1,624,035
35.0%
*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
$1.850
JUN
$2,125,000
JUL AUG
MEDIAN SALES PRICE
SEP
$940
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Manhattan Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,015,000
$2,050,000
$2,147,500
$2,300,000
14.1%
Average Price per Square Foot ...........................
$800
$1,262
$1,024
$946
18.2%
Properties Sold .......................................................
37
26
14
31
-16.2%
Properties Pending Sale .......................................
45
17
18
31
-31.1%
Properties For Sale ................................................
105
58
58
94
-10.5%
Days on Market (Pending Sale) ...........................
42
39
32
35
-16.7%
Month’s Supply of Inventory ................................
2.8
2.2
4.1
3
6.9%
Percent Under Contract ........................................
42.9%
29.3%
31.0%
33.0%
-23.0%
Average Median Price for Last 12 Months ........
$1,823,000
$2,022,083
$2,153,333
$1,996,750
9.5%
*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
$2.015
JUN
$2,300,000
JUL AUG
MEDIAN SALES PRICE
SEP
$946
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Palos Verdes Estates DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,440,000
$1,860,000
$1,772,500
$1,572,500
9.2%
Average Price per Square Foot ...........................
$630
$713
$696
$680
7.9%
Properties Sold .......................................................
11
11
12
18
63.6%
Properties Pending Sale .......................................
13
10
16
19
46.2%
Properties For Sale ................................................
70
77
56
74
5.7%
Days on Market (Pending Sale) ...........................
43
75
78
45
4.7%
Month’s Supply of Inventory ................................
6.4
7
4.7
4.1
-35.4%
Percent Under Contract ........................................
18.6%
13.0%
28.6%
25.7%
38.3%
Average Median Price for Last 12 Months ........
$1,619,000
$1,640,333
$1,746,667
$1,705,990
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
$1.440
JUN
$1,572,500
JUL AUG
MEDIAN SALES PRICE
SEP
$680
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.572 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Rancho Palos Verdes DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,308,000
$1,037,500
$1,150,000
$1,170,000
-10.6%
Average Price per Square Foot ...........................
$513
$462
$522
$536
4.5%
Properties Sold .......................................................
31
26
20
34
9.7%
Properties Pending Sale .......................................
38
29
34
53
39.5%
Properties For Sale ................................................
129
128
123
159
23.3%
Days on Market (Pending Sale) ...........................
43
65
50
66
53.5%
Month’s Supply of Inventory ................................
4.2
4.9
6.2
4.7
12.4%
Percent Under Contract ........................................
29.5%
22.7%
27.6%
33.3%
13.2%
Average Median Price for Last 12 Months ........
$1,137,000
$1,174,167
$1,132,500
$1,167,569
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
$1.308
JUN
$1,170,000
JUL AUG
MEDIAN SALES PRICE
SEP
$536
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Redondo Beach- North DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$783,900
$802,000
$870,000
$875,000
11.6%
Average Price per Square Foot ...........................
$487
$529
$512
$541
11.1%
Properties Sold .......................................................
16
10
8
17
6.2%
Properties Pending Sale .......................................
17
13
13
23
35.3%
Properties For Sale ................................................
41
39
30
54
31.7%
Days on Market (Pending Sale) ...........................
29
26
36
31
6.9%
Month’s Supply of Inventory ................................
2.6
3.9
3.8
3.2
24.0%
Percent Under Contract ........................................
41.5%
33.3%
43.3%
42.6%
2.7%
Average Median Price for Last 12 Months ........
$734,000
$858,083
$885,000
$839,685
14.4%
*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
$783
JUN
$875,000
JUL AUG
MEDIAN SALES PRICE
SEP
$541
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Redondo Beach- South DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$935,000
$1,000,000
$1,212,000
$1,204,000
28.8%
Average Price per Square Foot ...........................
$577
$590
$618
$653
13.2%
Properties Sold .......................................................
12
13
9
22
83.3%
Properties Pending Sale .......................................
19
16
14
15
-21.1%
Properties For Sale ................................................
55
47
41
41
-25.5%
Days on Market (Pending Sale) ...........................
54
72
51
39
-27.8%
Month’s Supply of Inventory ................................
4.6
3.6
4.6
1.9
-59.3%
Percent Under Contract ........................................
34.5%
34.0%
34.1%
36.6%
5.9%
Average Median Price for Last 12 Months ........
$962,000
$1,175,667
$1,134,667
$1,120,462
16.5%
*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
$935
JUN
$1,204,000
JUL AUG
MEDIAN SALES PRICE
SEP
$653
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.204 M E 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 2015
telesproperties.com
Rolling Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,438,500
$3,147,500
$3,658,000
$3,465,000
42.1%
Average Price per Square Foot ...........................
$604
$833
$901
$770
27.5%
Properties Sold .......................................................
1
4
3
3
200.0%
Properties Pending Sale .......................................
3
6
2
2
-33.3%
Properties For Sale ................................................
26
26
21
19
-26.9%
Days on Market (Pending Sale) ...........................
182
39
93
66
-63.7%
Month’s Supply of Inventory ................................
26
6.5
7
6.3
-75.6%
Percent Under Contract ........................................
11.5%
23.1%
9.5%
10.5%
-8.8%
Average Median Price for Last 12 Months ........
$2,908,000
$3,180,013
$3,155,000
$3,263,081
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
$2.438
JUN
$3,465,000
JUL AUG
MEDIAN SALES PRICE
SEP
$770
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Rolling Hills Estates DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,580,000
$1,535,000
$1,475,000
$1,721,250
8.9%
Average Price per Square Foot ...........................
$542
$483
$558
$610
12.5%
Properties Sold .......................................................
13
2
4
6
-53.8%
Properties Pending Sale .......................................
8
6
4
6
-25.0%
Properties For Sale ................................................
25
25
14
29
16.0%
Days on Market (Pending Sale) ...........................
77
73
106
21
-72.7%
Month’s Supply of Inventory ................................
1.9
12.5
3.5
4.8
151.3%
Percent Under Contract ........................................
32.0%
24.0%
28.6%
20.7%
-35.3%
Average Median Price for Last 12 Months ........
$1,296,000
$1,513,505
$1,473,750
$1,446,522
11.6%
*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
$1.580
JUN
$1,721,250
JUL AUG
MEDIAN SALES PRICE
SEP
$610
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.721 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
San Pedro DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$570,000
$540,500
$480,500
$577,000
1.2%
Average Price per Square Foot ...........................
$349
$350
$369
$384
10.0%
Properties Sold .......................................................
25
24
23
38
52.0%
Properties Pending Sale .......................................
27
22
38
44
63.0%
Properties For Sale ................................................
110
117
141
139
26.4%
Days on Market (Pending Sale) ...........................
56
46
56
65
16.1%
Month’s Supply of Inventory ................................
4.4
4.9
6.1
3.7
-16.9%
Percent Under Contract ........................................
24.5%
18.8%
27.0%
31.7%
29.0%
Average Median Price for Last 12 Months ........
$496,000
$539,042
$550,167
$542,404
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
$570
JUN
$577,000
JUL AUG
MEDIAN SALES PRICE
SEP
$384
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$577 M E 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 2015
telesproperties.com
Torrance- County Strip DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$490,000
$337,999
$445,000
$470,000
-4.1%
Average Price per Square Foot ...........................
$263
$215
$273
$286
8.7%
Properties Sold .......................................................
11
1
4
7
-36.4%
Properties Pending Sale .......................................
6
2
2
11
83.3%
Properties For Sale ................................................
24
27
20
26
8.3%
Days on Market (Pending Sale) ...........................
54
46
34
24
-55.6%
Month’s Supply of Inventory ................................
2.2
27
5
3.7
70.2%
Percent Under Contract ........................................
25.0%
7.4%
10.0%
42.3%
69.2%
Average Median Price for Last 12 Months ........
$396,000
$461,958
$470,167
$444,096
12.1%
*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
$490
JUN
$470,000
JUL AUG
MEDIAN SALES PRICE
SEP
$286
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$470 M E 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 2015
telesproperties.com
Torrance- North DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$531,000
$565,000
$573,950
$575,000
8.3%
Average Price per Square Foot ...........................
$385
$379
$432
$424
10.1%
Properties Sold .......................................................
21
13
10
21
0.0%
Properties Pending Sale .......................................
9
18
16
23
155.6%
Properties For Sale ................................................
36
39
36
50
38.9%
Days on Market (Pending Sale) ...........................
25
50
22
16
-36.0%
Month’s Supply of Inventory ................................
1.7
3
3.6
2.4
38.9%
Percent Under Contract ........................................
25.0%
46.2%
44.4%
46.0%
84.0%
Average Median Price for Last 12 Months ........
$521,000
$581,325
$588,333
$564,569
8.4%
*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
$531
JUN
$575,000
JUL AUG
MEDIAN SALES PRICE
SEP
$424
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2015
telesproperties.com
Torrance- South DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$807,500
$811,250
$812,750
$795,000
-1.5%
Average Price per Square Foot ...........................
$492
$471
$523
$491
-0.2%
Properties Sold .......................................................
12
14
8
22
83.3%
Properties Pending Sale .......................................
16
16
12
22
37.5%
Properties For Sale ................................................
59
49
41
54
-8.5%
Days on Market (Pending Sale) ...........................
37
50
27
31
-16.2%
Month’s Supply of Inventory ................................
4.9
3.5
5.1
2.5
-50.1%
Percent Under Contract ........................................
27.1%
32.7%
29.3%
40.7%
50.2%
Average Median Price for Last 12 Months ........
$764,000
$813,190
$807,129
$804,953
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
$807
JUN
$795,000
JUL AUG
MEDIAN SALES PRICE
SEP
$491
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Torrance- Southeast DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$586,500
$590,000
$620,000
$576,000
-1.8%
Average Price per Square Foot ...........................
$366
$344
$398
$374
2.2%
Properties Sold .......................................................
16
17
8
16
0.0%
Properties Pending Sale .......................................
14
9
16
16
14.3%
Properties For Sale ................................................
56
58
59
43
-23.2%
Days on Market (Pending Sale) ...........................
44
63
34
71
61.4%
Month’s Supply of Inventory ................................
3.5
3.4
7.4
2.7
-23.2%
Percent Under Contract ........................................
25.0%
15.5%
27.1%
37.2%
48.8%
Average Median Price for Last 12 Months ........
$528,000
$601,408
$587,833
$597,487
13.2%
*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
$586
JUN
$576,000
JUL AUG
MEDIAN SALES PRICE
SEP
$374
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$576 M E 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 2015
telesproperties.com
Torrance- West DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$715,000
$757,500
$714,500
$745,000
4.2%
Average Price per Square Foot ...........................
$469
$470
$509
$494
5.3%
Properties Sold .......................................................
18
14
8
21
16.7%
Properties Pending Sale .......................................
13
11
17
12
-7.7%
Properties For Sale ................................................
38
30
36
26
-31.6%
Days on Market (Pending Sale) ...........................
37
44
31
24
-35.1%
Month’s Supply of Inventory ................................
2.1
2.1
4.5
1.2
-41.4%
Percent Under Contract ........................................
34.2%
36.7%
47.2%
46.2%
34.9%
Average Median Price for Last 12 Months ........
$705,000
$759,083
$779,000
$747,462
6.0%
*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
$715
JUN
$745,000
JUL AUG
MEDIAN SALES PRICE
SEP
$494
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$750,286
$738,071
$762,143
$797,286
6.3%
Average Price per Square Foot ...........................
$388
$395
$390
$423
8.9%
Properties Sold .......................................................
462
341
305
465
0.6%
Properties Pending Sale .......................................
558
409
498
534
-4.3%
Properties For Sale ................................................
1,027
1,036
878
1,045
1.8%
Days on Market (Pending Sale) ...........................
52
62
71
54
5.0%
Month’s Supply of Inventory ................................
2.2
3
2.9
2.2
1.1%
Percent Under Contract ........................................
54.3%
39.5%
56.7%
51.1%
-5.9%
Average Median Price for Last 12 Months ........
$703,857
$788,405
$799,619
$778,075
10.5%
*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
$750
JUN
$797,286
JUL AUG
MEDIAN SALES PRICE
SEP
$423
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Burbank DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$650,000
$655,000
$657,000
$684,000
5.2%
Average Price per Square Foot ...........................
$415
$416
$406
$448
8.0%
Properties Sold .......................................................
36
43
30
60
66.7%
Properties Pending Sale .......................................
52
53
57
61
17.3%
Properties For Sale ................................................
70
83
71
90
28.6%
Days on Market (Pending Sale) ...........................
45
49
65
49
8.9%
Month’s Supply of Inventory ................................
1.9
1.9
2.4
1.5
-22.9%
Percent Under Contract ........................................
74.3%
63.9%
80.3%
67.8%
-8.8%
Average Median Price for Last 12 Months ........
$609,769
$663,500
$678,000
$659,769
8.2%
*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
$684,000
JUL AUG
MEDIAN SALES PRICE
SEP
$448
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.5 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 2015
telesproperties.com
Encino DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,040,000
$1,040,000
$1,000,000
$1,188,000
14.2%
Average Price per Square Foot ...........................
$435
$444
$415
$471
8.3%
Properties Sold .......................................................
34
32
23
46
35.3%
Properties Pending Sale .......................................
55
37
39
48
-12.7%
Properties For Sale ................................................
105
106
117
133
26.7%
Days on Market (Pending Sale) ...........................
52
77
77
65
25.0%
Month’s Supply of Inventory ................................
3.1
3.3
5.1
2.9
-6.4%
Percent Under Contract ........................................
52.4%
34.9%
33.3%
36.1%
-31.1%
Average Median Price for Last 12 Months ........
$955,769
$1,098,292
$1,129,583
$1,075,673
12.5%
*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
$1.040
JUN
$1,188,000
JUL AUG
MEDIAN SALES PRICE
SEP
$471
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.188 M E 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 2015
telesproperties.com
Glendale DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$760,000
$777,000
$745,000
$783,000
3.0%
Average Price per Square Foot ...........................
$405
$412
$393
$438
8.1%
Properties Sold .......................................................
67
41
45
56
-16.4%
Properties Pending Sale .......................................
72
51
58
63
-12.5%
Properties For Sale ................................................
127
121
101
113
-11.0%
Days on Market (Pending Sale) ...........................
51
57
57
45
-11.8%
Month’s Supply of Inventory ................................
1.9
3
2.2
2
6.5%
Percent Under Contract ........................................
56.7%
42.1%
57.4%
55.8%
-1.7%
Average Median Price for Last 12 Months ........
$685,846
$755,833
$791,333
$753,385
9.8%
*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
$760
JUN
$783,000
JUL AUG
MEDIAN SALES PRICE
SEP
$438
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$783 M E 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 2015
telesproperties.com
La Crescenta DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$695,000
$740,000
$736,000
$761,000
9.5%
Average Price per Square Foot ...........................
$398
$405
$382
$416
4.5%
Properties Sold .......................................................
21
10
14
22
4.8%
Properties Pending Sale .......................................
19
15
14
30
57.9%
Properties For Sale ................................................
34
20
14
26
-23.5%
Days on Market (Pending Sale) ...........................
52
51
66
37
-28.8%
Month’s Supply of Inventory ................................
1.6
2
1
1.2
-27.0%
Percent Under Contract ........................................
55.9%
75.0%
100.0%
115.4%
106.5%
Average Median Price for Last 12 Months ........
$658,462
$734,500
$766,667
$729,308
10.8%
*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
$695
JUN
$761,000
JUL AUG
MEDIAN SALES PRICE
SEP
$416
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$761 M E 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 2015
telesproperties.com
North Hollywood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$411,000
$419,000
$450,000
$465,000
13.1%
Average Price per Square Foot ...........................
$310
$333
$342
$356
14.8%
Properties Sold .......................................................
36
26
24
37
2.8%
Properties Pending Sale .......................................
57
45
29
42
-26.3%
Properties For Sale ................................................
57
87
67
64
12.3%
Days on Market (Pending Sale) ...........................
50
53
59
54
8.0%
Month’s Supply of Inventory ................................
1.6
3.3
2.8
1.7
9.2%
Percent Under Contract ........................................
100.0%
51.7%
43.3%
65.6%
-34.4%
Average Median Price for Last 12 Months ........
$402,385
$455,750
$452,833
$449,269
11.7%
*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
$411
JUN
$465,000
JUL AUG
MEDIAN SALES PRICE
SEP
$356
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Shadow Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$640,000
$800,000
$673,000
$680,000
6.2%
Average Price per Square Foot ...........................
$311
$330
$282
$323
3.9%
Properties Sold .......................................................
4
3
2
2
-50.0%
Properties Pending Sale .......................................
6
2
4
3
-50.0%
Properties For Sale ................................................
12
13
9
13
8.3%
Days on Market (Pending Sale) ...........................
50
68
75
59
18.0%
Month’s Supply of Inventory ................................
3
4.3
4.5
6.5
116.7%
Percent Under Contract ........................................
50.0%
15.4%
44.4%
23.1%
-53.8%
Average Median Price for Last 12 Months ........
$712,769
$846,400
$780,000
$764,583
7.3%
*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
$640
JUN
$680,000
JUL AUG
MEDIAN SALES PRICE
SEP
$323
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 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 2015
telesproperties.com
Sherman Oaks DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$985,000
$825,000
$935,000
$935,000
-5.1%
Average Price per Square Foot ...........................
$449
$450
$418
$503
12.0%
Properties Sold .......................................................
65
46
39
51
-21.5%
Properties Pending Sale .......................................
66
44
69
62
-6.1%
Properties For Sale ................................................
134
128
105
140
4.5%
Days on Market (Pending Sale) ...........................
52
55
79
43
-17.3%
Month’s Supply of Inventory ................................
2.1
2.8
2.7
2.7
33.2%
Percent Under Contract ........................................
49.3%
34.4%
65.7%
44.3%
-10.1%
Average Median Price for Last 12 Months ........
$828,769
$949,542
$970,083
$919,404
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
$985
JUN
$935,000
JUL AUG
MEDIAN SALES PRICE
SEP
$503
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$935 M E 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 2015
telesproperties.com
Studio City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,200,000
$1,123,000
$1,335,000
$1,204,000
0.3%
Average Price per Square Foot ...........................
$545
$554
$583
$565
3.7%
Properties Sold .......................................................
39
22
16
28
-28.2%
Properties Pending Sale .......................................
41
19
39
40
-2.4%
Properties For Sale ................................................
82
65
60
80
-2.4%
Days on Market (Pending Sale) ...........................
60
69
60
62
3.3%
Month’s Supply of Inventory ................................
2.1
3
3.8
2.9
35.9%
Percent Under Contract ........................................
50.0%
29.2%
65.0%
50.0%
0.0%
Average Median Price for Last 12 Months ........
$1,021,308
$1,169,083
$1,143,167
$1,166,346
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
$1.200
JUN
$1,204,000
JUL AUG
MEDIAN SALES PRICE
SEP
$565
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.204 M E 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 2015
telesproperties.com
Sun Valley DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$366,000
$450,000
$475,000
$480,000
31.1%
Average Price per Square Foot ...........................
$273
$302
$303
$327
19.8%
Properties Sold .......................................................
12
19
12
15
25.0%
Properties Pending Sale .......................................
19
16
23
16
-15.8%
Properties For Sale ................................................
41
40
39
32
-22.0%
Days on Market (Pending Sale) ...........................
34
69
81
55
61.8%
Month’s Supply of Inventory ................................
3.4
2.1
3.2
2.1
-37.6%
Percent Under Contract ........................................
46.3%
40.0%
59.0%
50.0%
7.9%
Average Median Price for Last 12 Months ........
$404,923
$432,000
$429,667
$413,538
2.1%
*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
$366
JUN
$480,000
JUL AUG
MEDIAN SALES PRICE
SEP
$327
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$480 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Sunland/Tujunga DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$437,000
$504,000
$454,000
$496,000
13.5%
Average Price per Square Foot ...........................
$312
$324
$319
$345
10.6%
Properties Sold .......................................................
44
24
28
34
-22.7%
Properties Pending Sale .......................................
49
27
34
36
-26.5%
Properties For Sale ................................................
85
62
59
71
-16.5%
Days on Market (Pending Sale) ...........................
52
66
38
52
0.0%
Month’s Supply of Inventory ................................
1.9
2.6
2.1
2.1
8.1%
Percent Under Contract ........................................
57.6%
43.5%
57.6%
50.7%
-12.0%
Average Median Price for Last 12 Months ........
$406,692
$476,083
$476,500
$474,808
16.7%
*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
$437
JUN
$496,000
JUL AUG
MEDIAN SALES PRICE
SEP
$345
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$496 M E 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 2015
telesproperties.com
Tarzana DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$968,000
$775,000
$812,000
$931,000
-3.8%
Average Price per Square Foot ...........................
$330
$310
$365
$395
19.7%
Properties Sold .......................................................
26
20
17
19
-26.9%
Properties Pending Sale .......................................
29
19
32
34
17.2%
Properties For Sale ................................................
81
90
76
84
3.7%
Days on Market (Pending Sale) ...........................
48
70
102
87
81.2%
Month’s Supply of Inventory ................................
3.1
4.5
4.5
4.4
41.9%
Percent Under Contract ........................................
35.8%
21.1%
42.1%
40.5%
13.1%
Average Median Price for Last 12 Months ........
$791,231
$915,500
$957,000
$891,538
12.7%
*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
$968
JUN
$931,000
JUL AUG
MEDIAN SALES PRICE
SEP
$395
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$931 M E 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 2015
telesproperties.com
Toluca Lake DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$944,000
$785,000
$880,000
$1,000,000
5.9%
Average Price per Square Foot ...........................
$530
$481
$477
$543
2.5%
Properties Sold .......................................................
4
5
5
9
125.0%
Properties Pending Sale .......................................
0
8
11
10
0%
Properties For Sale ................................................
15
17
14
20
33.3%
Days on Market (Pending Sale) ...........................
46
78
92
63
37.0%
Month’s Supply of Inventory ................................
3.8
3.4
2.8
2.2
-40.7%
Percent Under Contract ........................................
0.0%
47.1%
78.6%
50.0%
0%
Average Median Price for Last 12 Months ........
$995,077
$1,045,083
$1,088,833
$1,098,423
10.4%
*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
$944
JUN
$1,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$543
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Valley Village DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$728,000
$720,000
$823,000
$825,000
13.3%
Average Price per Square Foot ...........................
$409
$442
$470
$457
11.7%
Properties Sold .......................................................
5
9
8
13
160.0%
Properties Pending Sale .......................................
13
13
11
11
-15.4%
Properties For Sale ................................................
27
23
18
24
-11.1%
Days on Market (Pending Sale) ...........................
63
42
66
32
-49.2%
Month’s Supply of Inventory ................................
5.4
2.6
2.2
1.8
-65.8%
Percent Under Contract ........................................
48.1%
56.5%
61.1%
45.8%
-4.8%
Average Median Price for Last 12 Months ........
$734,077
$797,333
$819,333
$796,231
8.5%
*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
$728
JUN
$825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$457
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Woodland Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$680,000
$720,000
$695,000
$730,000
7.4%
Average Price per Square Foot ...........................
$314
$324
$309
$331
5.4%
Properties Sold .......................................................
69
41
42
73
5.8%
Properties Pending Sale .......................................
80
60
78
78
-2.5%
Properties For Sale ................................................
157
181
128
155
-1.3%
Days on Market (Pending Sale) ...........................
71
70
80
59
-16.9%
Month’s Supply of Inventory ................................
2.3
4.4
3
2.1
-6.7%
Percent Under Contract ........................................
51.0%
33.1%
60.9%
50.3%
-1.2%
Average Median Price for Last 12 Months ........
$646,923
$708,333
$711,667
$700,769
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
$680
JUN
$730,000
JUL AUG
MEDIAN SALES PRICE
SEP
$331
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 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 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$912,727
$1,051,182
$951,818
$1,103,273
20.9%
Average Price per Square Foot ...........................
$503
$499
$517
$522
3.9%
Properties Sold .......................................................
282
215
172
310
9.9%
Properties Pending Sale .......................................
326
255
262
340
4.3%
Properties For Sale ................................................
623
680
680
789
26.6%
Days on Market (Pending Sale) ...........................
47
50
55
56
19.9%
Month’s Supply of Inventory ................................
2.2
3.2
4
2.5
15.2%
Percent Under Contract ........................................
52.3%
37.5%
38.5%
43.1%
-17.6%
Average Median Price for Last 12 Months ........
$885,699
$1,021,383
$1,076,191
$994,883
12.3%
*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
$912
JUN
$1,103,273
JUL AUG
MEDIAN SALES PRICE
SEP
$522
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.103 M E 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 2015
telesproperties.com
Altadena DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$675,000
$610,000
$649,000
$675,000
0.0%
Average Price per Square Foot ...........................
$407
$395
$369
$440
8.1%
Properties Sold .......................................................
44
24
15
30
-31.8%
Properties Pending Sale .......................................
38
28
31
41
7.9%
Properties For Sale ................................................
53
74
60
70
32.1%
Days on Market (Pending Sale) ...........................
49
59
93
48
-2.0%
Month’s Supply of Inventory ................................
1.2
3.1
4
2.3
93.7%
Percent Under Contract ........................................
71.7%
37.8%
51.7%
58.6%
-18.3%
Average Median Price for Last 12 Months ........
$570,923
$631,667
$649,333
$627,692
9.9%
*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
$675
JUN
$675,000
JUL AUG
MEDIAN SALES PRICE
SEP
$440
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 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 2015
telesproperties.com
Arcadia DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,284,000
$1,555,000
$1,298,000
$1,213,000
-5.5%
Average Price per Square Foot ...........................
$573
$610
$563
$579
1.0%
Properties Sold .......................................................
46
20
19
48
4.3%
Properties Pending Sale .......................................
66
38
33
49
-25.8%
Properties For Sale ................................................
114
169
192
236
107.0%
Days on Market (Pending Sale) ...........................
35
50
74
69
97.1%
Month’s Supply of Inventory ................................
2.5
8.4
10.1
4.9
98.4%
Percent Under Contract ........................................
57.9%
22.5%
17.2%
20.8%
-64.1%
Average Median Price for Last 12 Months ........
$1,321,231
$1,264,083
$1,233,833
$1,318,500
-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
$1.284
JUN
$1,213,000
JUL AUG
MEDIAN SALES PRICE
SEP
$579
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.213 M E 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 2015
telesproperties.com
Duarte DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$435,000
$418,000
$420,000
$515,000
18.4%
Average Price per Square Foot ...........................
$323
$316
$322
$337
4.3%
Properties Sold .......................................................
9
12
17
13
44.4%
Properties Pending Sale .......................................
12
18
18
17
41.7%
Properties For Sale ................................................
29
29
16
18
-37.9%
Days on Market (Pending Sale) ...........................
54
40
53
84
55.6%
Month’s Supply of Inventory ................................
3.2
2.4
0.9
1.4
-57.0%
Percent Under Contract ........................................
41.4%
62.1%
112.5%
94.4%
128.2%
Average Median Price for Last 12 Months ........
$391,462
$468,000
$491,000
$448,923
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
$435
JUN
$515,000
JUL AUG
MEDIAN SALES PRICE
SEP
$337
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$515 M E 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 2015
telesproperties.com
Eagle Rock DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$645,000
$690,000
$733,000
$741,000
14.9%
Average Price per Square Foot ...........................
$434
$471
$451
$446
2.8%
Properties Sold .......................................................
12
26
7
13
8.3%
Properties Pending Sale .......................................
16
8
12
20
25.0%
Properties For Sale ................................................
25
21
24
30
20.0%
Days on Market (Pending Sale) ...........................
38
37
45
49
28.9%
Month’s Supply of Inventory ................................
2.1
0.8
3.4
2.3
10.8%
Percent Under Contract ........................................
64.0%
38.1%
50.0%
66.7%
4.2%
Average Median Price for Last 12 Months ........
$564,000
$712,000
$706,333
$692,923
22.9%
*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
$645
JUN
$741,000
JUL AUG
MEDIAN SALES PRICE
SEP
$446
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$741 M E 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 2015
telesproperties.com
La Canada Flintridge DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,298,000
$1,275,000
$1,455,000
$1,750,000
34.8%
Average Price per Square Foot ...........................
$506
$533
$602
$603
19.2%
Properties Sold .......................................................
24
15
15
27
12.5%
Properties Pending Sale .......................................
22
19
18
30
36.4%
Properties For Sale ................................................
49
33
48
56
14.3%
Days on Market (Pending Sale) ...........................
54
68
43
40
-25.9%
Month’s Supply of Inventory ................................
2
2.2
3.2
2.1
1.6%
Percent Under Contract ........................................
44.9%
57.6%
37.5%
53.6%
19.3%
Average Median Price for Last 12 Months ........
$1,288,923
$1,667,170
$1,873,006
$1,498,924
16.3%
*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
$1.298
JUN
$1,750,000
JUL AUG
MEDIAN SALES PRICE
SEP
$603
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.750 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 2015
telesproperties.com
Monrovia DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$580,000
$569,000
$525,000
$648,000
11.7%
Average Price per Square Foot ...........................
$418
$356
$381
$435
4.1%
Properties Sold .......................................................
25
18
15
31
24.0%
Properties Pending Sale .......................................
29
19
22
39
34.5%
Properties For Sale ................................................
59
63
64
62
5.1%
Days on Market (Pending Sale) ...........................
55
44
55
64
16.4%
Month’s Supply of Inventory ................................
2.4
3.5
4.3
2
-15.3%
Percent Under Contract ........................................
49.2%
30.2%
34.4%
62.9%
28.0%
Average Median Price for Last 12 Months ........
$532,000
$595,000
$625,333
$604,385
13.6%
*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
$580
JUN
$648,000
JUL AUG
MEDIAN SALES PRICE
SEP
$435
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$648 M E 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 2015
telesproperties.com
Pasadena DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$806,000
$720,000
$739,000
$778,000
-3.5%
Average Price per Square Foot ...........................
$493
$554
$552
$544
10.3%
Properties Sold .......................................................
87
57
47
86
-1.1%
Properties Pending Sale .......................................
88
74
82
82
-6.8%
Properties For Sale ................................................
186
180
170
174
-6.5%
Days on Market (Pending Sale) ...........................
48
63
57
53
10.4%
Month’s Supply of Inventory ................................
2.1
3.2
3.6
2
-5.4%
Percent Under Contract ........................................
47.3%
41.1%
48.2%
47.1%
-0.4%
Average Median Price for Last 12 Months ........
$682,923
$762,000
$787,667
$764,615
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
$806
JUN
$778,000
JUL AUG
MEDIAN SALES PRICE
SEP
$544
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$778 M E 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 2015
telesproperties.com
San Gabriel DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$776,000
$625,000
$641,000
$770,000
-0.8%
Average Price per Square Foot ...........................
$422
$409
$430
$438
3.8%
Properties Sold .......................................................
10
25
14
21
110.0%
Properties Pending Sale .......................................
28
18
21
19
-32.1%
Properties For Sale ................................................
48
52
50
65
35.4%
Days on Market (Pending Sale) ...........................
77
51
48
58
-24.7%
Month’s Supply of Inventory ................................
4.8
2.1
3.6
3.1
-35.5%
Percent Under Contract ........................................
58.3%
34.6%
42.0%
29.2%
-49.9%
Average Median Price for Last 12 Months ........
$616,000
$726,083
$714,167
$707,808
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
$776
JUN
$770,000
JUL AUG
MEDIAN SALES PRICE
SEP
$438
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 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 2015
telesproperties.com
San Marino DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,925,000
$2,750,000
$2,330,000
$2,760,000
43.4%
Average Price per Square Foot ...........................
$837
$895
$986
$862
3.0%
Properties Sold .......................................................
12
5
9
16
33.3%
Properties Pending Sale .......................................
9
9
9
14
55.6%
Properties For Sale ................................................
17
25
23
37
117.6%
Days on Market (Pending Sale) ...........................
30
27
59
66
120.0%
Month’s Supply of Inventory ................................
1.4
5
2.6
2.3
63.2%
Percent Under Contract ........................................
52.9%
36.0%
39.1%
37.8%
-28.5%
Average Median Price for Last 12 Months ........
$1,973,923
$2,304,167
$2,528,333
$2,243,385
13.7%
*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
$1.925
JUN
$2,760,000
JUL AUG
MEDIAN SALES PRICE
SEP
$862
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.760 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 2015
telesproperties.com
Sierra Madre DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$846,000
$998,000
$680,000
$938,000
10.9%
Average Price per Square Foot ...........................
$434
$381
$506
$444
2.3%
Properties Sold .......................................................
10
9
7
13
30.0%
Properties Pending Sale .......................................
9
13
7
15
66.7%
Properties For Sale ................................................
26
17
21
24
-7.7%
Days on Market (Pending Sale) ...........................
49
72
57
34
-30.6%
Month’s Supply of Inventory ................................
2.6
1.9
3
1.8
-29.0%
Percent Under Contract ........................................
34.6%
76.5%
33.3%
62.5%
80.6%
Average Median Price for Last 12 Months ........
$836,231
$930,583
$1,063,500
$896,731
7.2%
*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
$846
JUN
$938,000
JUL AUG
MEDIAN SALES PRICE
SEP
$444
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$938 M E 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 2015
telesproperties.com
South Pasadena DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$770,000
$1,353,000
$1,000,000
$1,348,000
75.1%
Average Price per Square Foot ...........................
$684
$574
$529
$617
-9.8%
Properties Sold .......................................................
3
4
7
12
300.0%
Properties Pending Sale .......................................
9
11
9
14
55.6%
Properties For Sale ................................................
17
17
12
17
0.0%
Days on Market (Pending Sale) ...........................
29
36
22
56
93.1%
Month’s Supply of Inventory ................................
5.7
4.2
1.7
1.4
-75.0%
Percent Under Contract ........................................
52.9%
64.7%
75.0%
82.4%
55.6%
Average Median Price for Last 12 Months ........
$944,923
$1,174,465
$1,165,596
$1,139,830
20.6%
*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
$770
JUN
$1,348,000
JUL AUG
MEDIAN SALES PRICE
SEP
$617
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.348 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : May 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : May 2015
telesproperties.com
Orange County DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$676,000
$679,192
$659,000
$705,000
4.3%
Average Price per Square Foot ...........................
$405
$407
$415
$426
5.2%
Properties Sold .......................................................
1701
1250
1101
1786
5.0%
Properties Pending Sale .......................................
1820
1314
1703
1968
8.1%
Properties For Sale ................................................
7,189
6,376
5,989
6,990
-2.8%
Days on Market (Pending Sale) ...........................
51
70
59
47
-7.8%
Month’s Supply of Inventory ................................
4.2
5.1
5.4
3.9
-7.4%
Percent Under Contract ........................................
25.3%
20.6%
28.4%
28.2%
11.2%
Average Median Price for Last 12 Months ........
$641,000
$676,000
$693,333
$677,780
5.7%
*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
$676
JUN
$705,000
JUL AUG
MEDIAN SALES PRICE
SEP
$426
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$705 M E 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 2015
telesproperties.com
Aliso Viejo DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$715,000
$705,000
$710,000
$738,000
3.2%
Average Price per Square Foot ...........................
$351
$346
$340
$366
4.3%
Properties Sold .......................................................
31
15
17
30
-3.2%
Properties Pending Sale .......................................
24
16
17
29
20.8%
Properties For Sale ................................................
84
63
56
73
-13.1%
Days on Market (Pending Sale) ...........................
51
101
75
30
-41.2%
Month’s Supply of Inventory ................................
2.7
4.2
3.3
2.4
-10.2%
Percent Under Contract ........................................
28.6%
25.4%
30.4%
39.7%
39.0%
Average Median Price for Last 12 Months ........
$688,000
$714,333
$741,000
$723,577
5.2%
*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
$715
JUN
$738,000
JUL AUG
MEDIAN SALES PRICE
SEP
$366
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$738 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Balboa Peninsula DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$4,500,000
$2,010,000
$2,800,000
$2,465,000
-45.2%
Average Price per Square Foot ...........................
$1,498
$1,776
$1,256
$1,167
-22.1%
Properties Sold .......................................................
7
7
5
23
228.6%
Properties Pending Sale .......................................
4
1
2
28
600.0%
Properties For Sale ................................................
41
35
29
136
231.7%
Days on Market (Pending Sale) ...........................
103
31
221
82
-20.4%
Month’s Supply of Inventory ................................
5.9
5
5.8
5.9
1.0%
Percent Under Contract ........................................
9.8%
2.9%
6.9%
20.6%
111.0%
Average Median Price for Last 12 Months ........
$2,610,000
$2,604,000
$2,879,667
$2,807,808
7.6%
*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 $4.500
MAY JUN
$2,465,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,167
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,349,000
$2,410,000
$1,718,294
$2,500,000
6.4%
Average Price per Square Foot ...........................
$1,067
$1,211
$857
$1,122
5.2%
Properties Sold .......................................................
13
9
10
15
15.4%
Properties Pending Sale .......................................
10
11
9
17
70.0%
Properties For Sale ................................................
66
78
71
93
40.9%
Days on Market (Pending Sale) ...........................
50
54
87
57
14.0%
Month’s Supply of Inventory ................................
5.1
8.7
7.1
6.2
22.1%
Percent Under Contract ........................................
15.2%
14.1%
12.7%
18.3%
20.6%
Average Median Price for Last 12 Months ........
$2,491,000
$2,249,466
$2,438,667
$2,131,600
-14.4%
*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
$2.349
JUN
$2,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,122
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.500 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 2015
telesproperties.com
Coto de Caza DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,062,000
$1,555,000
$999,000
$1,241,316
16.9%
Average Price per Square Foot ...........................
$336
$348
$340
$390
16.1%
Properties Sold .......................................................
26
11
9
26
0.0%
Properties Pending Sale .......................................
12
18
25
19
58.3%
Properties For Sale ................................................
131
118
113
124
-5.3%
Days on Market (Pending Sale) ...........................
64
83
52
61
-4.7%
Month’s Supply of Inventory ................................
5
10.7
12.6
4.8
-5.3%
Percent Under Contract ........................................
9.2%
15.3%
22.1%
15.3%
67.3%
Average Median Price for Last 12 Months ........
$1,067,000
$1,195,228
$1,165,455
$1,187,374
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
$1.062
JUN
$1,241,316
JUL AUG
MEDIAN SALES PRICE
SEP
$390
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.241 M E 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 2015
telesproperties.com
Crystal Cove DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$5,149,000
$5,000,000
$0
$3,025,000
-41.3%
Average Price per Square Foot ...........................
$1,157
$1,070
$0
$878
-24.1%
Properties Sold .......................................................
2
3
0
14
600.0%
Properties Pending Sale .......................................
1
2
0
13
1200.0%
Properties For Sale ................................................
23
19
21
83
260.9%
Days on Market (Pending Sale) ...........................
17
128
0
89
423.5%
Month’s Supply of Inventory ................................
11.5
6.3
0
5.9
-48.4%
Percent Under Contract ........................................
4.3%
10.5%
0.0%
15.7%
260.2%
Average Median Price for Last 12 Months ........
$4,522,000
$5,755,611
$6,190,815
$5,599,631
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 $5.149
MAY JUN
$3,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
$878
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.025 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 2015
telesproperties.com
Dana Point DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$832,000
$969,000
$1,159,500
$935,000
12.4%
Average Price per Square Foot ...........................
$541
$596
$766
$548
1.3%
Properties Sold .......................................................
30
22
18
39
30.0%
Properties Pending Sale .......................................
38
34
29
37
-2.6%
Properties For Sale ................................................
213
163
157
186
-12.7%
Days on Market (Pending Sale) ...........................
64
85
84
58
-9.4%
Month’s Supply of Inventory ................................
7.1
7.4
8.7
4.8
-32.8%
Percent Under Contract ........................................
17.8%
20.9%
18.5%
19.9%
11.5%
Average Median Price for Last 12 Months ........
$896,000
$1,036,731
$1,018,983
$958,561
7.0%
*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
$832
JUN
$935,000
JUL AUG
MEDIAN SALES PRICE
SEP
$548
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$935 M E 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 2015
telesproperties.com
East Bluff - Harbor View DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,925,000
$1,562,500
$1,650,000
$1,800,000
-6.5%
Average Price per Square Foot ...........................
$667
$689
$572
$691
3.6%
Properties Sold .......................................................
19
16
11
23
21.1%
Properties Pending Sale .......................................
22
18
24
32
45.5%
Properties For Sale ................................................
119
98
91
189
58.8%
Days on Market (Pending Sale) ...........................
49
87
81
86
75.5%
Month’s Supply of Inventory ................................
6.3
6.1
8.3
8.2
31.2%
Percent Under Contract ........................................
18.5%
18.4%
26.4%
16.9%
-8.4%
Average Median Price for Last 12 Months ........
$1,698,000
$1,761,656
$1,770,313
$1,739,841
2.5%
*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
$1.925
JUN
$1,800,000
JUL AUG
MEDIAN SALES PRICE
SEP
$691
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
East Costa Mesa DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$962,694
$850,000
$1,010,980
$818,750
-15.0%
Average Price per Square Foot ...........................
$543
$470
$470
$537
-1.1%
Properties Sold .......................................................
20
19
16
12
-40.0%
Properties Pending Sale .......................................
19
17
15
12
-36.8%
Properties For Sale ................................................
73
66
53
53
-27.4%
Days on Market (Pending Sale) ...........................
67
86
51
37
-44.8%
Month’s Supply of Inventory ................................
3.6
3.5
3.3
4.4
21.0%
Percent Under Contract ........................................
26.0%
25.8%
28.3%
22.6%
-13.0%
Average Median Price for Last 12 Months ........
$849,000
$965,705
$912,750
$918,417
8.2%
*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 $962
MAY JUN
$818,750
JUL AUG
MEDIAN SALES PRICE
SEP
$537
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$818 M E 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 2015
telesproperties.com
Fountain Valley DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$699,900
$679,000
$680,000
$745,000
6.4%
Average Price per Square Foot ...........................
$353
$353
$358
$365
3.4%
Properties Sold .......................................................
25
15
19
21
-16.0%
Properties Pending Sale .......................................
17
17
26
35
105.9%
Properties For Sale ................................................
87
56
60
86
-1.1%
Days on Market (Pending Sale) ...........................
33
49
58
36
9.1%
Month’s Supply of Inventory ................................
3.5
3.7
3.2
4.1
17.7%
Percent Under Contract ........................................
19.5%
30.4%
43.3%
40.7%
108.3%
Average Median Price for Last 12 Months ........
$644,000
$701,333
$726,500
$690,877
7.3%
*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
$699
JUN
$745,000
JUL AUG
MEDIAN SALES PRICE
SEP
$365
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Huntington Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$730,000
$714,500
$800,000
$789,000
8.1%
Average Price per Square Foot ...........................
$427
$414
$439
$448
4.9%
Properties Sold .......................................................
105
84
75
121
15.2%
Properties Pending Sale .......................................
110
76
92
130
18.2%
Properties For Sale ................................................
427
334
312
409
-4.2%
Days on Market (Pending Sale) ...........................
66
66
48
41
-37.9%
Month’s Supply of Inventory ................................
4.1
4
4.2
3.4
-16.9%
Percent Under Contract ........................................
25.8%
22.8%
29.5%
31.8%
23.4%
Average Median Price for Last 12 Months ........
$716,000
$781,000
$773,667
$760,231
6.2%
*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
$730
JUN
$789,000
JUL AUG
MEDIAN SALES PRICE
SEP
$448
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$789 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Irvine DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$895,000
$970,000
$935,000
$917,000
2.5%
Average Price per Square Foot ...........................
$474
$433
$477
$465
-1.9%
Properties Sold .......................................................
94
77
63
104
10.6%
Properties Pending Sale .......................................
100
72
102
110
10.0%
Properties For Sale ................................................
443
350
321
439
-0.9%
Days on Market (Pending Sale) ...........................
52
81
50
48
-7.7%
Month’s Supply of Inventory ................................
4.7
4.5
5.1
4.2
-10.4%
Percent Under Contract ........................................
22.6%
20.6%
31.8%
25.1%
11.0%
Average Median Price for Last 12 Months ........
$890,000
$930,191
$933,483
$925,432
4.0%
*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
$895
JUN
$917,000
JUL AUG
MEDIAN SALES PRICE
SEP
$465
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$917 M E 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 2015
telesproperties.com
Ladera Ranch DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$804,500
$739,150
$735,000
$885,000
10.0%
Average Price per Square Foot ...........................
$327
$326
$334
$333
1.8%
Properties Sold .......................................................
24
15
21
24
0.0%
Properties Pending Sale .......................................
35
27
32
39
11.4%
Properties For Sale ................................................
159
118
115
145
-8.8%
Days on Market (Pending Sale) ...........................
63
107
69
75
19.0%
Month’s Supply of Inventory ................................
6.6
7.9
5.5
6
-8.8%
Percent Under Contract ........................................
22.0%
22.9%
27.8%
26.9%
22.2%
Average Median Price for Last 12 Months ........
$852,000
$844,583
$934,000
$858,147
0.7%
*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
$804
JUN
$885,000
JUL AUG
MEDIAN SALES PRICE
SEP
$333
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2015
telesproperties.com
Laguna Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,050,000
$1,600,000
$1,850,000
$2,351,000
14.7%
Average Price per Square Foot ...........................
$1,064
$908
$856
$1,125
5.7%
Properties Sold .......................................................
31
31
21
33
6.5%
Properties Pending Sale .......................................
33
32
38
28
-15.2%
Properties For Sale ................................................
260
225
223
270
3.8%
Days on Market (Pending Sale) ...........................
92
118
84
70
-23.9%
Month’s Supply of Inventory ................................
8.4
7.3
10.6
8.2
-2.4%
Percent Under Contract ........................................
12.7%
14.2%
17.0%
10.4%
-18.3%
Average Median Price for Last 12 Months ........
$1,758,000
$1,899,458
$1,936,583
$1,907,827
8.5%
*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
$2.050
JUN
$2,351,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,125
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.351 M E 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 2015
telesproperties.com
Laguna Niguel DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$863,950
$831,000
$840,000
$909,000
5.2%
Average Price per Square Foot ...........................
$405
$364
$386
$402
-0.7%
Properties Sold .......................................................
66
48
40
64
-3.0%
Properties Pending Sale .......................................
61
52
58
64
4.9%
Properties For Sale ................................................
323
277
242
295
-8.7%
Days on Market (Pending Sale) ...........................
67
82
79
77
14.9%
Month’s Supply of Inventory ................................
4.9
5.8
6
4.6
-5.8%
Percent Under Contract ........................................
18.9%
18.8%
24.0%
21.7%
14.9%
Average Median Price for Last 12 Months ........
$784,000
$835,667
$853,000
$824,919
5.2%
*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
$863
JUN
$909,000
JUL AUG
MEDIAN SALES PRICE
SEP
$402
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$909 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Laguna Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$684,500
$780,750
$615,000
$855,000
24.9%
Average Price per Square Foot ...........................
$363
$328
$356
$355
-2.2%
Properties Sold .......................................................
24
13
13
14
-41.7%
Properties Pending Sale .......................................
25
23
22
21
-16.0%
Properties For Sale ................................................
112
92
75
115
2.7%
Days on Market (Pending Sale) ...........................
74
74
58
39
-47.3%
Month’s Supply of Inventory ................................
4.7
7.1
5.8
8.2
76.0%
Percent Under Contract ........................................
22.3%
25.0%
29.3%
18.3%
-18.2%
Average Median Price for Last 12 Months ........
$709,000
$764,000
$818,000
$764,019
7.8%
*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
$684
JUN
$855,000
JUL AUG
MEDIAN SALES PRICE
SEP
$355
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Laguna Woods DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
0
0
0
1
0%
Properties For Sale ................................................
0
0
0
1
0%
Days on Market (Pending Sale) ...........................
0
0
0
3
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0%
0%
0%
100.0%
0%
Average Median Price for Last 12 Months ........
$621,000
$0
$0
$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 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,955,100
$2,312,500
$2,595,000
$2,525,000
29.1%
Average Price per Square Foot ...........................
$1,026
$997
$954
$984
-4.1%
Properties Sold .......................................................
10
2
1
8
-20.0%
Properties Pending Sale .......................................
4
0
5
6
50.0%
Properties For Sale ................................................
41
36
32
36
-12.2%
Days on Market (Pending Sale) ...........................
60
0
111
108
80.0%
Month’s Supply of Inventory ................................
4.1
18
32
4.5
9.8%
Percent Under Contract ........................................
9.8%
0.0%
15.6%
16.7%
70.8%
Average Median Price for Last 12 Months ........
$2,725,000
$2,890,648
$2,724,629
$3,023,768
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
$1.955
JUN
$2,525,000
JUL AUG
MEDIAN SALES PRICE
SEP
$984
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Mission Viejo DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$631,500
$600,000
$667,500
$685,000
8.5%
Average Price per Square Foot ...........................
$335
$330
$325
$337
0.6%
Properties Sold .......................................................
83
58
50
119
43.4%
Properties Pending Sale .......................................
92
74
89
128
39.1%
Properties For Sale ................................................
310
284
257
328
5.8%
Days on Market (Pending Sale) ...........................
46
63
53
40
-13.0%
Month’s Supply of Inventory ................................
3.7
4.9
5.1
2.8
-26.2%
Percent Under Contract ........................................
29.7%
26.1%
34.6%
39.0%
31.5%
Average Median Price for Last 12 Months ........
$617,000
$652,500
$656,000
$642,031
4.1%
*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
$631
JUN
$685,000
JUL AUG
MEDIAN SALES PRICE
SEP
$337
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$685 M E 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 2015
telesproperties.com
Newport Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,925,000
$1,595,000
$1,750,312
$2,165,000
12.5%
Average Price per Square Foot ...........................
$882
$845
$903
$911
3.3%
Properties Sold .......................................................
63
43
36
53
-15.9%
Properties Pending Sale .......................................
60
46
60
61
1.7%
Properties For Sale ................................................
351
311
290
343
-2.3%
Days on Market (Pending Sale) ...........................
63
89
104
79
25.4%
Month’s Supply of Inventory ................................
5.6
7.2
8.1
6.5
16.2%
Percent Under Contract ........................................
17.1%
14.8%
20.7%
17.8%
4.0%
Average Median Price for Last 12 Months ........
$1,745,000
$1,834,052
$1,903,333
$1,831,486
5.0%
*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
$1.925
JUN
$2,165,000
JUL AUG
MEDIAN SALES PRICE
SEP
$911
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Newport Coast DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,814,250
$4,191,925
$3,125,000
$3,025,000
66.7%
Average Price per Square Foot ...........................
$785
$1,006
$934
$878
11.8%
Properties Sold .......................................................
11
9
9
14
27.3%
Properties Pending Sale .......................................
11
4
14
14
27.3%
Properties For Sale ................................................
110
80
80
84
-23.6%
Days on Market (Pending Sale) ...........................
151
376
78
108
-28.5%
Month’s Supply of Inventory ................................
10
8.9
8.9
6
-40.0%
Percent Under Contract ........................................
10.0%
5.0%
17.5%
16.7%
66.7%
Average Median Price for Last 12 Months ........
$2,881,000
$3,072,500
$2,870,000
$3,159,506
9.7%
*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
$1.814
JUN
$3,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
$878
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.025 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 2015
telesproperties.com
Newport Heights DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,416,366
$1,237,500
$1,300,000
$2,202,500
-8.9%
Average Price per Square Foot ...........................
$652
$608
$574
$697
6.9%
Properties Sold .......................................................
8
4
1
4
-50.0%
Properties Pending Sale .......................................
4
6
8
8
100.0%
Properties For Sale ................................................
25
32
31
38
52.0%
Days on Market (Pending Sale) ...........................
108
73
86
77
-28.7%
Month’s Supply of Inventory ................................
3.1
8
31
9.5
204.0%
Percent Under Contract ........................................
16.0%
18.8%
25.8%
21.1%
31.6%
Average Median Price for Last 12 Months ........
$1,569,000
$1,709,917
$2,052,500
$1,859,035
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
$2.416
JUN
$2,202,500
JUL AUG
MEDIAN SALES PRICE
SEP
$697
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.202 M E 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 2015
telesproperties.com
Rancho Santa Margarita DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$643,500
$623,950
$625,000
$662,500
3.0%
Average Price per Square Foot ...........................
$320
$314
$323
$323
0.9%
Properties Sold .......................................................
35
32
27
62
77.1%
Properties Pending Sale .......................................
58
37
51
58
0.0%
Properties For Sale ................................................
178
159
143
178
0.0%
Days on Market (Pending Sale) ...........................
47
87
70
44
-6.4%
Month’s Supply of Inventory ................................
5.1
5
5.3
2.9
-43.5%
Percent Under Contract ........................................
32.6%
23.3%
35.7%
32.6%
0.0%
Average Median Price for Last 12 Months ........
$635,000
$657,208
$661,917
$652,738
2.8%
*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
$643
JUN
$662,500
JUL AUG
MEDIAN SALES PRICE
SEP
$323
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$662 M E 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 2015
telesproperties.com
San Clemente DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$853,750
$900,000
$812,000
$900,000
5.4%
Average Price per Square Foot ...........................
$390
$375
$389
$412
5.6%
Properties Sold .......................................................
68
51
45
73
7.4%
Properties Pending Sale .......................................
70
51
60
83
18.6%
Properties For Sale ................................................
311
268
249
296
-4.8%
Days on Market (Pending Sale) ...........................
67
96
51
46
-31.3%
Month’s Supply of Inventory ................................
4.6
5.3
5.5
4.1
-11.3%
Percent Under Contract ........................................
22.5%
19.0%
24.1%
28.0%
24.6%
Average Median Price for Last 12 Months ........
$815,000
$844,917
$873,333
$845,385
3.7%
*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
$853
JUN
$900,000
JUL AUG
MEDIAN SALES PRICE
SEP
$412
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 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 2015
telesproperties.com
San Juan Capistrano DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$995,000
$960,000
$640,000
$1,175,000
18.1%
Average Price per Square Foot ...........................
$351
$338
$329
$380
8.3%
Properties Sold .......................................................
25
17
17
25
0.0%
Properties Pending Sale .......................................
28
17
27
26
-7.1%
Properties For Sale ................................................
143
132
136
156
9.1%
Days on Market (Pending Sale) ...........................
80
79
88
42
-47.5%
Month’s Supply of Inventory ................................
5.7
7.8
8
6.2
9.1%
Percent Under Contract ........................................
19.6%
12.9%
19.9%
16.7%
-14.9%
Average Median Price for Last 12 Months ........
$856,000
$811,125
$907,917
$798,934
-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
$995
JUN
$1,175,000
JUL AUG
MEDIAN SALES PRICE
SEP
$380
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Shady Canyon DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$0
$0
$5,800,000
$0
0%
Average Price per Square Foot ...........................
$0
$0
$753
$0
0%
Properties Sold .......................................................
0
0
1
0
0%
Properties Pending Sale .......................................
0
0
1
0
0%
Properties For Sale ................................................
3
2
2
1
-66.7%
Days on Market (Pending Sale) ...........................
0
0
679
0
0%
Month’s Supply of Inventory ................................
0
0
2
0
0%
Percent Under Contract ........................................
0.0%
0.0%
50.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$5,622,000
$5,800,000
$0
$4,500,000
-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 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 2015
telesproperties.com
Turtle Ridge DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$3,550,000
$2,031,944
$1,754,500
$1,850,000
-47.9%
Average Price per Square Foot ...........................
$725
$659
$643
$629
-13.2%
Properties Sold .......................................................
2
4
2
3
50.0%
Properties Pending Sale .......................................
6
6
2
1
-83.3%
Properties For Sale ................................................
35
30
19
25
-28.6%
Days on Market (Pending Sale) ...........................
155
79
32
149
-3.9%
Month’s Supply of Inventory ................................
17.5
7.5
9.5
8.3
-52.4%
Percent Under Contract ........................................
17.1%
20.0%
10.5%
4.0%
-76.7%
Average Median Price for Last 12 Months ........
$2,239,000
$2,281,583
$2,489,167
$2,369,111
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 $3.550
MAY JUN
$1,850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$629
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Turtle Rock DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$0
$970,000
$1,708,750
$1,135,000
0%
Average Price per Square Foot ...........................
$0
$606
$479
$692
0%
Properties Sold .......................................................
0
1
2
1
0%
Properties Pending Sale .......................................
0
0
2
7
0%
Properties For Sale ................................................
3
7
8
11
266.7%
Days on Market (Pending Sale) ...........................
0
0
48
28
0%
Month’s Supply of Inventory ................................
0
7
4
11
0%
Percent Under Contract ........................................
0.0%
0.0%
25.0%
63.6%
0%
Average Median Price for Last 12 Months ........
$1,616,000
$1,295,850
$1,138,500
$1,235,607
-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 JUN
$1,135,000
JUL AUG
MEDIAN SALES PRICE
SEP
$692
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.135 M E 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 2015
telesproperties.com
Westminster DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$518,500
$562,000
$530,000
$537,750
3.7%
Average Price per Square Foot ...........................
$307
$344
$378
$327
6.5%
Properties Sold .......................................................
36
29
19
38
5.6%
Properties Pending Sale .......................................
43
26
36
43
0.0%
Properties For Sale ................................................
140
91
107
95
-32.1%
Days on Market (Pending Sale) ...........................
42
55
32
30
-28.6%
Month’s Supply of Inventory ................................
3.9
3.1
5.6
2.5
-35.7%
Percent Under Contract ........................................
30.7%
28.6%
33.6%
45.3%
47.4%
Average Median Price for Last 12 Months ........
$499,000
$538,308
$542,650
$537,061
7.6%
*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
$518
JUN
$537,750
JUL AUG
MEDIAN SALES PRICE
SEP
$327
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$537 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,270,000
$1,375,000
$1,680,312
$1,600,000
26.0%
Average Price per Square Foot ...........................
$556
$564
$1,243
$627
12.8%
Properties Sold .......................................................
9
10
8
7
-22.2%
Properties Pending Sale .......................................
15
12
11
10
-33.3%
Properties For Sale ................................................
68
60
58
70
2.9%
Days on Market (Pending Sale) ...........................
58
104
136
52
-10.3%
Month’s Supply of Inventory ................................
7.6
6
7.2
10
32.4%
Percent Under Contract ........................................
22.1%
20.0%
19.0%
14.3%
-35.2%
Average Median Price for Last 12 Months ........
$1,459,000
$1,552,977
$1,566,583
$1,507,585
3.3%
*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
$1.270
JUN
$1,600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$627
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
West Newport - Lido DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,850,000
$1,976,000
$1,940,000
$2,325,000
-18.4%
Average Price per Square Foot ...........................
$1,191
$832
$1,183
$1,150
-3.4%
Properties Sold .......................................................
10
4
11
11
10.0%
Properties Pending Sale .......................................
11
7
8
12
9.1%
Properties For Sale ................................................
57
48
49
54
-5.3%
Days on Market (Pending Sale) ...........................
66
80
132
62
-6.1%
Month’s Supply of Inventory ................................
5.7
12
4.5
4.9
-13.9%
Percent Under Contract ........................................
19.3%
14.6%
16.3%
22.2%
15.2%
Average Median Price for Last 12 Months ........
$1,937,000
$2,226,667
$2,298,333
$2,168,417
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 $2.850
MAY JUN
$2,325,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,150
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.325 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 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : May 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : May 2015
telesproperties.com
Carpinteria DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$708,250
$820,000
$895,000
$994,000
40.3%
Average Price per Square Foot ...........................
$521
$576
$1,057
$1,076
106.5%
Properties Sold .......................................................
6
9
6
9
50.0%
Properties Pending Sale .......................................
2
4
11
8
300.0%
Properties For Sale ................................................
37
34
44
34
-8.1%
Days on Market (Pending Sale) ...........................
87
37
37
66
-24.1%
Month’s Supply of Inventory ................................
6.2
3.8
7.3
3.8
-38.7%
Percent Under Contract ........................................
5.4%
11.8%
25.0%
23.5%
335.3%
Average Median Price for Last 12 Months ........
$1,098,000
$903,417
$861,333
$1,178,904
7.4%
*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
$708
JUN
$994,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,076
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$994 M E 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 2015
telesproperties.com
Goleta DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$780,000
$700,000
$711,300
$862,500
10.6%
Average Price per Square Foot ...........................
$443
$417
$0
$425
-4.1%
Properties Sold .......................................................
8
7
1
16
100.0%
Properties Pending Sale .......................................
5
7
16
14
180.0%
Properties For Sale ................................................
18
29
34
34
88.9%
Days on Market (Pending Sale) ...........................
13
58
57
22
69.2%
Month’s Supply of Inventory ................................
2.2
4.1
34
2.1
-5.6%
Percent Under Contract ........................................
27.8%
24.1%
47.1%
41.2%
48.2%
Average Median Price for Last 12 Months ........
$761,000
$761,042
$809,167
$779,596
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
$780
JUN
$862,500
JUL AUG
MEDIAN SALES PRICE
SEP
$425
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Hope Ranch DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,812,500
$1,899,000
$2,605,000
$2,500,000
-11.1%
Average Price per Square Foot ...........................
$875
$583
$988
$725
-17.1%
Properties Sold .......................................................
1
2
5
3
200.0%
Properties Pending Sale .......................................
3
4
7
1
-66.7%
Properties For Sale ................................................
38
28
25
20
-47.4%
Days on Market (Pending Sale) ...........................
40
354
64
16
-60.0%
Month’s Supply of Inventory ................................
38
14
5
6.7
-82.5%
Percent Under Contract ........................................
7.9%
14.3%
28.0%
5.0%
-36.7%
Average Median Price for Last 12 Months ........
$2,971,000
$3,182,083
$3,287,500
$2,789,769
-6.1%
*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
$2.812
JUN
$2,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$725
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.500 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 2015
telesproperties.com
Montecito DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$2,167,500
$2,675,000
$6,500,000
$4,395,000
102.8%
Average Price per Square Foot ...........................
$871
$793
$1,435
$954
9.5%
Properties Sold .......................................................
18
5
11
21
16.7%
Properties Pending Sale .......................................
27
11
16
14
-48.1%
Properties For Sale ................................................
195
143
145
158
-19.0%
Days on Market (Pending Sale) ...........................
86
128
81
91
5.8%
Month’s Supply of Inventory ................................
10.8
28.6
13.2
7.5
-30.5%
Percent Under Contract ........................................
13.8%
7.7%
11.0%
8.9%
-36.0%
Average Median Price for Last 12 Months ........
$2,411,000
$3,845,219
$3,125,000
$3,376,139
40.0%
*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
$2.167
JUN
$4,395,000
JUL AUG
MEDIAN SALES PRICE
SEP
$954
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$4.395 M E 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 2015
telesproperties.com
Santa Barbara East of State DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,425,000
$1,018,750
$1,000,000
$1,691,500
18.7%
Average Price per Square Foot ...........................
$659
$675
$641
$713
8.2%
Properties Sold .......................................................
41
24
13
38
-7.3%
Properties Pending Sale .......................................
21
24
31
38
81.0%
Properties For Sale ................................................
119
115
111
152
27.7%
Days on Market (Pending Sale) ...........................
40
89
46
42
5.0%
Month’s Supply of Inventory ................................
2.9
4.8
8.5
4
37.8%
Percent Under Contract ........................................
17.6%
20.9%
27.9%
25.0%
41.7%
Average Median Price for Last 12 Months ........
$1,084,000
$1,292,583
$1,391,833
$1,247,712
15.1%
*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
$1.425
JUN
$1,691,500
JUL AUG
MEDIAN SALES PRICE
SEP
$713
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.691 M E 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 2015
telesproperties.com
Santa Barbara West of State DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$950,000
$1,175,000
$1,070,000
$1,045,000
10.0%
Average Price per Square Foot ...........................
$500
$572
$1,038
$663
32.6%
Properties Sold .......................................................
27
21
16
31
14.8%
Properties Pending Sale .......................................
20
19
24
31
55.0%
Properties For Sale ................................................
69
75
69
68
-1.4%
Days on Market (Pending Sale) ...........................
24
59
55
25
4.2%
Month’s Supply of Inventory ................................
2.6
3.6
4.3
2.2
-14.2%
Percent Under Contract ........................................
29.0%
25.3%
34.8%
45.6%
57.3%
Average Median Price for Last 12 Months ........
$894,000
$943,333
$950,000
$1,004,846
12.4%
*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
$950
JUN
$1,045,000
JUL AUG
MEDIAN SALES PRICE
SEP
$663
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.045 M E 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 2015
telesproperties.com
Santa Ynez DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$600,000
$548,750
$500,000
$897,000
49.5%
Average Price per Square Foot ...........................
$463
$395
$318
$421
-9.1%
Properties Sold .......................................................
11
12
5
18
63.6%
Properties Pending Sale .......................................
13
10
11
10
-23.1%
Properties For Sale ................................................
126
104
93
99
-21.4%
Days on Market (Pending Sale) ...........................
92
81
200
99
7.6%
Month’s Supply of Inventory ................................
11.5
8.7
18.6
5.5
-52.0%
Percent Under Contract ........................................
10.3%
9.6%
11.8%
10.1%
-2.1%
Average Median Price for Last 12 Months ........
$699,000
$837,333
$1,015,500
$766,385
9.6%
*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
$600
JUN
$897,000
JUL AUG
MEDIAN SALES PRICE
SEP
$421
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$897 M E 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 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : May 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : May 2015
telesproperties.com
Carmel DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,072,500
$1,665,000
$1,700,000
$1,411,000
31.6%
Average Price per Square Foot ...........................
$729
$952
$1,000
$712
-2.3%
Properties Sold .......................................................
30
15
15
24
-20.0%
Properties Pending Sale .......................................
29
16
21
27
-6.9%
Properties For Sale ................................................
153
118
142
152
-0.7%
Days on Market (Pending Sale) ...........................
102
94
88
39
-61.8%
Month’s Supply of Inventory ................................
5.1
7.9
9.5
6.3
24.2%
Percent Under Contract ........................................
19.0%
13.6%
14.8%
17.8%
-6.3%
Average Median Price for Last 12 Months ........
$1,328,000
$1,342,083
$1,305,000
$1,398,550
5.3%
*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
$1.072
JUN
$1,411,000
JUL AUG
MEDIAN SALES PRICE
SEP
$712
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.411 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 2015
telesproperties.com
Carmel Valley DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,039,000
$721,500
$902,500
$1,030,000
-0.9%
Average Price per Square Foot ...........................
$445
$504
$451
$460
3.4%
Properties Sold .......................................................
17
6
8
12
-29.4%
Properties Pending Sale .......................................
17
9
11
15
-11.8%
Properties For Sale ................................................
99
93
67
73
-26.3%
Days on Market (Pending Sale) ...........................
66
78
117
67
1.5%
Month’s Supply of Inventory ................................
5.8
15.5
8.4
6.1
4.5%
Percent Under Contract ........................................
17.2%
9.7%
16.4%
20.5%
19.7%
Average Median Price for Last 12 Months ........
$994,000
$983,250
$980,833
$922,538
-7.2%
*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
$1.039
JUN
$1,030,000
JUL AUG
MEDIAN SALES PRICE
SEP
$460
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.030 M E 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 2015
telesproperties.com
Marina DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$414,999
$435,000
$419,900
$450,000
8.4%
Average Price per Square Foot ...........................
$279
$241
$277
$262
-6.1%
Properties Sold .......................................................
13
13
7
11
-15.4%
Properties Pending Sale .......................................
9
9
15
10
11.1%
Properties For Sale ................................................
36
34
30
21
-41.7%
Days on Market (Pending Sale) ...........................
35
63
94
59
68.6%
Month’s Supply of Inventory ................................
2.8
2.6
4.3
1.9
-31.1%
Percent Under Contract ........................................
25.0%
26.5%
50.0%
47.6%
90.5%
Average Median Price for Last 12 Months ........
$401,000
$431,317
$438,500
$431,888
7.7%
*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
$414
JUN
$450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$262
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Monterey DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$660,000
$618,000
$639,750
$725,000
9.8%
Average Price per Square Foot ...........................
$399
$392
$387
$417
4.5%
Properties Sold .......................................................
25
24
16
19
-24.0%
Properties Pending Sale .......................................
16
17
21
17
6.2%
Properties For Sale ................................................
111
114
100
91
-18.0%
Days on Market (Pending Sale) ...........................
82
76
107
45
-45.1%
Month’s Supply of Inventory ................................
4.4
4.8
6.2
4.8
7.9%
Percent Under Contract ........................................
14.4%
14.9%
21.0%
18.7%
29.6%
Average Median Price for Last 12 Months ........
$614,000
$665,125
$695,667
$680,888
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
$660
JUN
$725,000
JUL AUG
MEDIAN SALES PRICE
SEP
$417
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$725 M E 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 2015
telesproperties.com
Pacific Grove DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$702,500
$840,000
$902,500
$845,000
20.3%
Average Price per Square Foot ...........................
$460
$610
$648
$589
28.0%
Properties Sold .......................................................
14
13
8
21
50.0%
Properties Pending Sale .......................................
12
13
17
23
91.7%
Properties For Sale ................................................
58
58
57
57
-1.7%
Days on Market (Pending Sale) ...........................
50
73
57
35
-30.0%
Month’s Supply of Inventory ................................
4.1
4.5
7.1
2.7
-34.5%
Percent Under Contract ........................................
20.7%
22.4%
29.8%
40.4%
95.0%
Average Median Price for Last 12 Months ........
$705,000
$785,000
$795,833
$760,962
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
$702
JUN
$845,000
JUL AUG
MEDIAN SALES PRICE
SEP
$589
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Pebble Beach DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,445,000
$1,175,000
$1,862,500
$2,606,000
80.3%
Average Price per Square Foot ...........................
$995
$430
$765
$971
-2.4%
Properties Sold .......................................................
13
5
8
11
-15.4%
Properties Pending Sale .......................................
11
10
11
11
0.0%
Properties For Sale ................................................
79
84
88
80
1.3%
Days on Market (Pending Sale) ...........................
116
80
145
70
-39.7%
Month’s Supply of Inventory ................................
6.1
16.8
11
7.3
19.7%
Percent Under Contract ........................................
13.9%
11.9%
12.5%
13.8%
-1.2%
Average Median Price for Last 12 Months ........
$1,508,000
$1,682,542
$1,764,667
$1,547,327
2.6%
*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
$1.445
JUN
$2,606,000
JUL AUG
MEDIAN SALES PRICE
SEP
$971
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.606 M E 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 2015
telesproperties.com
Salinas DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$377,500
$418,750
$430,000
$411,675
9.1%
Average Price per Square Foot ...........................
$229
$235
$247
$264
15.3%
Properties Sold .......................................................
60
38
41
64
6.7%
Properties Pending Sale .......................................
52
43
55
69
32.7%
Properties For Sale ................................................
217
230
188
208
-4.1%
Days on Market (Pending Sale) ...........................
45
45
71
42
-6.7%
Month’s Supply of Inventory ................................
3.6
6.1
4.6
3.2
-10.1%
Percent Under Contract ........................................
24.0%
18.7%
29.3%
33.2%
38.4%
Average Median Price for Last 12 Months ........
$346,000
$409,021
$415,558
$399,337
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
$377
JUN
$411,675
JUL AUG
MEDIAN SALES PRICE
SEP
$264
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 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 2015
telesproperties.com
Seaside DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$367,000
$395,000
$316,000
$410,000
11.7%
Average Price per Square Foot ...........................
$300
$312
$326
$330
10.0%
Properties Sold .......................................................
20
14
8
12
-40.0%
Properties Pending Sale .......................................
14
16
19
16
14.3%
Properties For Sale ................................................
70
63
47
35
-50.0%
Days on Market (Pending Sale) ...........................
50
65
46
28
-44.0%
Month’s Supply of Inventory ................................
3.5
4.5
5.9
2.9
-16.7%
Percent Under Contract ........................................
20.0%
25.4%
40.4%
45.7%
128.6%
Average Median Price for Last 12 Months ........
$340,000
$361,917
$381,833
$361,176
6.2%
*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
$367
JUN
$410,000
JUL AUG
MEDIAN SALES PRICE
SEP
$330
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 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 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : May 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : May 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$645,500
$670,000
$876,200
$575,000
-10.9%
Average Price per Square Foot ...........................
$504
$490
$594
$501
-0.6%
Properties Sold .......................................................
8
7
6
7
-12.5%
Properties Pending Sale .......................................
15
7
10
5
-66.7%
Properties For Sale ................................................
39
36
36
25
-35.9%
Days on Market (Pending Sale) ...........................
27
73
62
31
14.8%
Month’s Supply of Inventory ................................
4.9
5.1
6
3.6
-26.7%
Percent Under Contract ........................................
38.5%
19.4%
27.8%
20.0%
-48.0%
Average Median Price for Last 12 Months ........
$630,000
$665,700
$622,667
$634,208
0.7%
*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
$645
JUN
$575,000
JUL AUG
MEDIAN SALES PRICE
SEP
$501
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2015
telesproperties.com
Beverly Hills DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,152,500
$784,500
$1,058,888
$1,200,000
4.1%
Average Price per Square Foot ...........................
$716
$702
$723
$678
-5.3%
Properties Sold .......................................................
12
6
9
9
-25.0%
Properties Pending Sale .......................................
11
7
18
14
27.3%
Properties For Sale ................................................
56
55
62
53
-5.4%
Days on Market (Pending Sale) ...........................
42
89
73
50
19.0%
Month’s Supply of Inventory ................................
4.7
9.2
6.9
5.9
26.2%
Percent Under Contract ........................................
19.6%
12.7%
29.0%
26.4%
34.5%
Average Median Price for Last 12 Months ........
$929,000
$1,094,398
$1,154,167
$1,090,222
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
$1.152
JUN
$1,200,000
JUL AUG
MEDIAN SALES PRICE
SEP
$678
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 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 2015
telesproperties.com
Brentwood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$672,500
$835,000
$606,900
$825,000
22.7%
Average Price per Square Foot ...........................
$513
$521
$522
$538
4.9%
Properties Sold .......................................................
20
14
9
15
-25.0%
Properties Pending Sale .......................................
20
15
19
29
45.0%
Properties For Sale ................................................
86
75
66
85
-1.2%
Days on Market (Pending Sale) ...........................
37
53
67
30
-18.9%
Month’s Supply of Inventory ................................
4.3
5.4
7.3
5.7
31.8%
Percent Under Contract ........................................
23.3%
20.0%
28.8%
34.1%
46.7%
Average Median Price for Last 12 Months ........
$679,000
$711,983
$811,000
$738,415
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
$672
JUN
$825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$538
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
Culver City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$410,000
$415,000
$382,000
$557,500
36.0%
Average Price per Square Foot ...........................
$415
$357
$384
$428
3.1%
Properties Sold .......................................................
16
15
9
28
75.0%
Properties Pending Sale .......................................
22
13
27
24
9.1%
Properties For Sale ................................................
52
47
45
44
-15.4%
Days on Market (Pending Sale) ...........................
28
46
37
31
10.7%
Month’s Supply of Inventory ................................
3.2
3.1
5
1.6
-51.6%
Percent Under Contract ........................................
42.3%
27.7%
60.0%
54.5%
28.9%
Average Median Price for Last 12 Months ........
$370,000
$441,417
$480,833
$428,904
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
$410
JUN
$557,500
JUL AUG
MEDIAN SALES PRICE
SEP
$428
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$557 M E 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 2015
telesproperties.com
Encino DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$320,000
$287,000
$319,000
$337,000
5.3%
Average Price per Square Foot ...........................
$267
$270
$314
$292
9.4%
Properties Sold .......................................................
15
10
9
12
-20.0%
Properties Pending Sale .......................................
24
18
22
21
-12.5%
Properties For Sale ................................................
40
46
30
35
-12.5%
Days on Market (Pending Sale) ...........................
59
80
64
47
-20.3%
Month’s Supply of Inventory ................................
2.7
4.6
3.3
2.9
9.4%
Percent Under Contract ........................................
60.0%
39.1%
73.3%
60.0%
0.0%
Average Median Price for Last 12 Months ........
$286,615
$323,833
$335,333
$305,923
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
$320
JUN
$337,000
JUL AUG
MEDIAN SALES PRICE
SEP
$292
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$337 M E 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 2015
telesproperties.com
Malibu DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,025,000
$845,000
$2,050,000
$1,150,000
12.2%
Average Price per Square Foot ...........................
$480
$607
$855
$637
32.7%
Properties Sold .......................................................
3
4
1
7
133.3%
Properties Pending Sale .......................................
1
0
2
11
1000.0%
Properties For Sale ................................................
17
22
21
42
147.1%
Days on Market (Pending Sale) ...........................
15
0
14
102
580.0%
Month’s Supply of Inventory ................................
5.7
5.5
21
6
5.9%
Percent Under Contract ........................................
5.9%
0.0%
9.5%
26.2%
345.2%
Average Median Price for Last 12 Months ........
$817,000
$950,833
$783,333
$935,692
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
$1.025
JUN
$1,150,000
JUL AUG
MEDIAN SALES PRICE
SEP
$637
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.150 M E 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 2015
telesproperties.com
Marina Del Rey DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$817,500
$749,500
$989,000
$860,000
5.2%
Average Price per Square Foot ...........................
$511
$530
$744
$626
22.5%
Properties Sold .......................................................
26
30
9
31
19.2%
Properties Pending Sale .......................................
32
20
25
32
0.0%
Properties For Sale ................................................
146
100
105
127
-13.0%
Days on Market (Pending Sale) ...........................
76
52
90
40
-47.4%
Month’s Supply of Inventory ................................
5.6
3.3
11.7
4.1
-27.0%
Percent Under Contract ........................................
21.9%
20.0%
23.8%
25.2%
15.0%
Average Median Price for Last 12 Months ........
$738,000
$868,250
$871,667
$818,750
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
$817
JUN
$860,000
JUL AUG
MEDIAN SALES PRICE
SEP
$626
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 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 2015
telesproperties.com
Santa Monica DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$884,500
$833,500
$698,000
$1,099,000
24.3%
Average Price per Square Foot ...........................
$752
$850
$760
$895
19.0%
Properties Sold .......................................................
28
30
20
49
75.0%
Properties Pending Sale .......................................
40
39
24
52
30.0%
Properties For Sale ................................................
156
127
103
171
9.6%
Days on Market (Pending Sale) ...........................
42
42
33
46
9.5%
Month’s Supply of Inventory ................................
5.6
4.2
5.2
3.5
-37.4%
Percent Under Contract ........................................
25.6%
30.7%
23.3%
30.4%
18.6%
Average Median Price for Last 12 Months ........
$705,000
$1,001,375
$1,125,500
$991,473
40.6%
*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
$884
JUN
$1,099,000
JUL AUG
MEDIAN SALES PRICE
SEP
$895
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.099 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$413,000
$401,000
$430,000
$434,000
5.1%
Average Price per Square Foot ...........................
$313
$303
$349
$307
-1.9%
Properties Sold .......................................................
21
17
19
19
-9.5%
Properties Pending Sale .......................................
16
25
33
34
112.5%
Properties For Sale ................................................
53
46
35
38
-28.3%
Days on Market (Pending Sale) ...........................
60
87
60
67
11.7%
Month’s Supply of Inventory ................................
2.5
2.7
1.8
2
-20.8%
Percent Under Contract ........................................
30.2%
54.3%
94.3%
89.5%
196.4%
Average Median Price for Last 12 Months ........
$376,231
$427,833
$439,667
$411,385
9.3%
*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
$413
JUN
$434,000
JUL AUG
MEDIAN SALES PRICE
SEP
$307
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$434 M E 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 2015
telesproperties.com
Studio City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$540,000
$613,000
$515,000
$523,000
-3.1%
Average Price per Square Foot ...........................
$340
$375
$388
$407
19.7%
Properties Sold .......................................................
7
6
11
14
100.0%
Properties Pending Sale .......................................
8
7
12
15
87.5%
Properties For Sale ................................................
37
32
29
29
-21.6%
Days on Market (Pending Sale) ...........................
97
96
49
59
-39.2%
Month’s Supply of Inventory ................................
5.3
5.3
2.6
2.1
-60.8%
Percent Under Contract ........................................
21.6%
21.9%
41.4%
51.7%
139.2%
Average Median Price for Last 12 Months ........
$455,923
$508,167
$520,000
$511,923
12.3%
*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
$540
JUN
$523,000
JUL AUG
MEDIAN SALES PRICE
SEP
$407
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$523 M E 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 2015
telesproperties.com
Venice DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$1,643,000
$729,000
$1,228,500
$1,550,000
-5.7%
Average Price per Square Foot ...........................
$1,088
$562
$769
$779
-28.4%
Properties Sold .......................................................
2
3
2
4
100.0%
Properties Pending Sale .......................................
8
2
2
3
-62.5%
Properties For Sale ................................................
29
26
17
18
-37.9%
Days on Market (Pending Sale) ...........................
14
128
22
230
1542.9%
Month’s Supply of Inventory ................................
14.5
8.7
8.5
4.5
-69.0%
Percent Under Contract ........................................
27.6%
7.7%
11.8%
16.7%
-39.6%
Average Median Price for Last 12 Months ........
$1,051,000
$1,132,300
$1,111,500
$1,151,458
9.6%
*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
$1.643
JUN
$1,550,000
JUL AUG
MEDIAN SALES PRICE
SEP
$779
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2015
telesproperties.com
West Hollywood DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$610,000
$644,500
$650,000
$640,000
4.9%
Average Price per Square Foot ...........................
$551
$549
$585
$632
14.7%
Properties Sold .......................................................
29
28
33
41
41.4%
Properties Pending Sale .......................................
32
23
33
45
40.6%
Properties For Sale ................................................
138
133
129
145
5.1%
Days on Market (Pending Sale) ...........................
42
58
49
42
0.0%
Month’s Supply of Inventory ................................
4.8
4.8
3.9
3.5
-25.7%
Percent Under Contract ........................................
23.2%
17.3%
25.6%
31.0%
33.8%
Average Median Price for Last 12 Months ........
$556,000
$616,750
$610,167
$621,731
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
$610
JUN
$640,000
JUL AUG
MEDIAN SALES PRICE
SEP
$632
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 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 2015
telesproperties.com
West LA DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$706,000
$717,000
$622,500
$675,000
-4.4%
Average Price per Square Foot ...........................
$476
$490
$510
$468
-1.7%
Properties Sold .......................................................
9
8
16
15
66.7%
Properties Pending Sale .......................................
20
10
17
25
25.0%
Properties For Sale ................................................
66
52
46
55
-16.7%
Days on Market (Pending Sale) ...........................
32
72
25
27
-15.6%
Month’s Supply of Inventory ................................
7.3
6.5
2.9
3.7
-50.0%
Percent Under Contract ........................................
30.3%
19.2%
37.0%
45.5%
50.0%
Average Median Price for Last 12 Months ........
$619,000
$617,917
$660,167
$637,423
3.0%
*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
$706
JUN
$675,000
JUL AUG
MEDIAN SALES PRICE
SEP
$468
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 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 2015
telesproperties.com
Westwood - Century City DATA*
May 2014
6 month
3 month
May 2015
% change
Median Price ..........................................................
$805,000
$810,000
$852,500
$695,000
-13.7%
Average Price per Square Foot ...........................
$677
$596
$518
$616
-9.0%
Properties Sold .......................................................
39
33
20
40
2.6%
Properties Pending Sale .......................................
44
41
61
68
54.5%
Properties For Sale ................................................
294
270
257
309
5.1%
Days on Market (Pending Sale) ...........................
58
57
79
64
10.3%
Month’s Supply of Inventory ................................
7.5
8.2
12.8
7.7
2.5%
Percent Under Contract ........................................
15.0%
15.2%
23.7%
22.0%
47.0%
Average Median Price for Last 12 Months ........
$706,000
$755,833
$726,167
$763,875
8.2%
*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
$805
JUN
$695,000
JUL AUG
MEDIAN SALES PRICE
SEP
$616
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.7 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 2015
telesproperties.com
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