micro market report luxury real estate market research May 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, & SAN DIEGO
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : May 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : May 2016
telesproperties.com
Los Angeles County DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$538,000
$529,000
$542,750
$585,000
8.7%
Average Price per Square Foot ...........................
$426
$422
$431
$448
5.2%
Properties Sold .......................................................
4472
3240
2908
4481
0.2%
Properties Pending Sale .......................................
5246
4061
4418
5231
-0.3%
Properties For Sale ................................................
18,370
17,172
16,327
17,971
-2.2%
Days on Market (Pending Sale) ...........................
41
48
47
40
-2.4%
Month’s Supply of Inventory ................................
4.1
5.3
5.6
4
-2.4%
Percent Under Contract ........................................
28.6%
23.6%
27.1%
29.1%
1.9%
Average Median Price for Last 12 Months ........
$524,647
$557,958
$573,333
$550,363
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$538
JUN
$585,000
JUL AUG
MEDIAN SALES PRICE
SEP
$448
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$585 M E 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 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,360,000
$3,164,500
$2,152,000
$2,085,000
-11.7%
Average Price per Square Foot ...........................
$852
$1,238
$1,073
$1,140
33.8%
Properties Sold .......................................................
13
7
7
16
23.1%
Properties Pending Sale .......................................
16
4
12
17
6.2%
Properties For Sale ................................................
132
115
112
151
14.4%
Days on Market (Pending Sale) ...........................
47
201
45
63
34.0%
Month’s Supply of Inventory ................................
10.2
16.4
16
9.4
-7.1%
Percent Under Contract ........................................
12.1%
3.5%
10.7%
11.3%
-7.1%
Average Median Price for Last 12 Months ........
$2,180,375
$2,122,417
$2,010,833
$2,200,596
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.360
JUN
$2,085,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,140
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.085 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,455,000
$1,610,000
$1,441,250
$1,065,000
-26.8%
Average Price per Square Foot ...........................
$662
$797
$755
$773
16.8%
Properties Sold .......................................................
18
15
14
14
-22.2%
Properties Pending Sale .......................................
17
11
15
17
0.0%
Properties For Sale ................................................
72
69
77
78
8.3%
Days on Market (Pending Sale) ...........................
32
67
45
40
25.0%
Month’s Supply of Inventory ................................
4
4.6
5.5
5.6
39.3%
Percent Under Contract ........................................
23.6%
15.9%
19.5%
21.8%
-7.7%
Average Median Price for Last 12 Months ........
$1,383,692
$1,375,292
$1,360,167
$1,469,635
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.455
MAY JUN
$1,065,000
JUL AUG
MEDIAN SALES PRICE
SEP
$773
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Beverly Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$3,435,000
$4,075,000
$6,825,000
$3,655,000
6.4%
Average Price per Square Foot ...........................
$1,365
$1,074
$1,326
$1,443
5.7%
Properties Sold .......................................................
18
7
12
10
-44.4%
Properties Pending Sale .......................................
26
15
12
17
-34.6%
Properties For Sale ................................................
106
126
120
123
16.0%
Days on Market (Pending Sale) ...........................
62
84
53
73
17.7%
Month’s Supply of Inventory ................................
5.9
18
10
12.3
108.9%
Percent Under Contract ........................................
24.5%
11.9%
10.0%
13.8%
-43.7%
Average Median Price for Last 12 Months ........
$4,332,583
$4,685,333
$3,621,667
$4,773,029
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$3.435
JUN
$3,655,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,443
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
12.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Beverly Hills- Post Office DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,462,500
$2,925,000
$2,785,000
$2,155,000
-12.5%
Average Price per Square Foot ...........................
$851
$893
$926
$916
7.6%
Properties Sold .......................................................
12
13
7
13
8.3%
Properties Pending Sale .......................................
13
7
11
14
7.7%
Properties For Sale ................................................
150
156
137
176
17.3%
Days on Market (Pending Sale) ...........................
92
86
166
48
-47.8%
Month’s Supply of Inventory ................................
12.5
12
19.6
13.5
8.3%
Percent Under Contract ........................................
8.7%
4.5%
8.0%
8.0%
-8.2%
Average Median Price for Last 12 Months ........
$2,432,542
$2,688,750
$2,211,667
$2,742,923
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.462
JUN
$2,155,000
JUL AUG
MEDIAN SALES PRICE
SEP
$916
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.155 M E 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 2016
telesproperties.com
Beverlywood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$959,000
$922,500
$1,195,000
$1,330,000
38.7%
Average Price per Square Foot ...........................
$616
$631
$621
$697
13.1%
Properties Sold .......................................................
23
6
15
23
0.0%
Properties Pending Sale .......................................
31
23
18
24
-22.6%
Properties For Sale ................................................
62
74
64
82
32.3%
Days on Market (Pending Sale) ...........................
24
54
29
29
20.8%
Month’s Supply of Inventory ................................
2.7
12.3
4.3
3.6
32.3%
Percent Under Contract ........................................
50.0%
31.1%
28.1%
29.3%
-41.5%
Average Median Price for Last 12 Months ........
$917,885
$1,168,431
$1,273,363
$1,141,122
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$959
JUN
$1,330,000
JUL AUG
MEDIAN SALES PRICE
SEP
$697
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Brentwood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,600,000
$2,750,000
$2,657,500
$3,726,000
43.3%
Average Price per Square Foot ...........................
$880
$1,108
$818
$956
8.6%
Properties Sold .......................................................
29
21
14
28
-3.4%
Properties Pending Sale .......................................
22
12
15
18
-18.2%
Properties For Sale ................................................
134
124
129
161
20.1%
Days on Market (Pending Sale) ...........................
47
72
67
44
-6.4%
Month’s Supply of Inventory ................................
4.6
5.9
9.2
5.8
24.4%
Percent Under Contract ........................................
16.4%
9.7%
11.6%
11.2%
-31.9%
Average Median Price for Last 12 Months ........
$2,732,228
$3,051,458
$2,980,833
$2,903,952
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.600
JUN
$3,726,000
JUL AUG
MEDIAN SALES PRICE
SEP
$956
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.726 M E 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 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,092,500
$1,512,500
$1,720,000
$2,815,000
34.5%
Average Price per Square Foot ...........................
$765
$724
$689
$802
4.8%
Properties Sold .......................................................
8
6
4
8
0.0%
Properties Pending Sale .......................................
8
7
7
7
-12.5%
Properties For Sale ................................................
29
25
30
27
-6.9%
Days on Market (Pending Sale) ...........................
50
83
25
30
-40.0%
Month’s Supply of Inventory ................................
3.6
4.2
7.5
3.4
-6.9%
Percent Under Contract ........................................
27.6%
28.0%
23.3%
25.9%
-6.0%
Average Median Price for Last 12 Months ........
$1,599,458
$1,867,106
$2,272,500
$1,876,016
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.092
JUN
$2,815,000
JUL AUG
MEDIAN SALES PRICE
SEP
$802
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Culver City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,010,000
$1,090,000
$1,029,500
$1,059,000
4.9%
Average Price per Square Foot ...........................
$612
$665
$669
$756
23.5%
Properties Sold .......................................................
17
14
8
21
23.5%
Properties Pending Sale .......................................
18
23
16
25
38.9%
Properties For Sale ................................................
66
65
52
68
3.0%
Days on Market (Pending Sale) ...........................
28
53
27
62
121.4%
Month’s Supply of Inventory ................................
3.9
4.6
6.5
3.2
-16.6%
Percent Under Contract ........................................
27.3%
35.4%
30.8%
36.8%
34.8%
Average Median Price for Last 12 Months ........
$901,918
$1,056,167
$1,119,000
$1,049,231
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.010
JUN
$1,059,000
JUL AUG
MEDIAN SALES PRICE
SEP
$756
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.059 M E 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 2016
telesproperties.com
Downtown DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$304,500
$305,000
$300,000
$315,000
3.4%
Average Price per Square Foot ...........................
$258
$265
$208
$229
-11.2%
Properties Sold .......................................................
8
7
9
11
37.5%
Properties Pending Sale .......................................
4
11
3
12
200.0%
Properties For Sale ................................................
69
66
54
48
-30.4%
Days on Market (Pending Sale) ...........................
37
69
52
45
21.6%
Month’s Supply of Inventory ................................
8.6
9.4
6
4.4
-49.4%
Percent Under Contract ........................................
5.8%
16.7%
5.6%
25.0%
331.2%
Average Median Price for Last 12 Months ........
$271,513
$322,003
$338,208
$305,446
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$304
JUN
$315,000
JUL AUG
MEDIAN SALES PRICE
SEP
$229
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$315 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Hancock Park - Wilshire DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,403,000
$1,295,000
$1,465,000
$1,697,000
21.0%
Average Price per Square Foot ...........................
$622
$678
$602
$666
7.1%
Properties Sold .......................................................
32
16
16
19
-40.6%
Properties Pending Sale .......................................
32
21
19
28
-12.5%
Properties For Sale ................................................
145
125
104
112
-22.8%
Days on Market (Pending Sale) ...........................
56
58
65
49
-12.5%
Month’s Supply of Inventory ................................
4.5
7.8
6.5
5.9
30.1%
Percent Under Contract ........................................
22.1%
16.8%
18.3%
25.0%
13.3%
Average Median Price for Last 12 Months ........
$1,298,458
$1,567,073
$1,659,000
$1,461,341
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.403
JUN
$1,697,000
JUL AUG
MEDIAN SALES PRICE
SEP
$666
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.697 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Hollywood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$875,000
$884,450
$819,000
$739,000
-15.5%
Average Price per Square Foot ...........................
$585
$552
$540
$559
-4.4%
Properties Sold .......................................................
7
6
13
10
42.9%
Properties Pending Sale .......................................
9
6
10
12
33.3%
Properties For Sale ................................................
43
56
40
39
-9.3%
Days on Market (Pending Sale) ...........................
33
64
17
45
36.4%
Month’s Supply of Inventory ................................
6.1
9.3
3.1
3.9
-36.5%
Percent Under Contract ........................................
20.9%
10.7%
25.0%
30.8%
47.0%
Average Median Price for Last 12 Months ........
$804,477
$1,102,583
$1,313,000
$953,055
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$875
JUN
$739,000
JUL AUG
MEDIAN SALES PRICE
SEP
$559
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$739 M E 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 2016
telesproperties.com
Hollywood Hills East DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,368,000
$1,175,000
$1,247,500
$1,425,000
4.2%
Average Price per Square Foot ...........................
$578
$643
$632
$678
17.3%
Properties Sold .......................................................
11
13
8
19
72.7%
Properties Pending Sale .......................................
15
10
8
17
13.3%
Properties For Sale ................................................
85
74
60
62
-27.1%
Days on Market (Pending Sale) ...........................
67
78
63
65
-3.0%
Month’s Supply of Inventory ................................
5.7
7.4
7.5
3.3
-42.4%
Percent Under Contract ........................................
17.6%
13.5%
13.3%
27.4%
55.4%
Average Median Price for Last 12 Months ........
$1,163,732
$1,274,867
$1,308,527
$1,254,477
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.368
JUN
$1,425,000
JUL AUG
MEDIAN SALES PRICE
SEP
$678
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Laurel Canyon DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,407,000
$1,385,500
$1,685,000
$1,650,000
17.3%
Average Price per Square Foot ...........................
$761
$691
$753
$760
-0.1%
Properties Sold .......................................................
28
26
22
15
-46.4%
Properties Pending Sale .......................................
21
27
25
17
-19.0%
Properties For Sale ................................................
138
159
141
149
8.0%
Days on Market (Pending Sale) ...........................
24
43
51
45
87.5%
Month’s Supply of Inventory ................................
6.6
5.9
5.6
8.8
33.4%
Percent Under Contract ........................................
15.2%
17.0%
17.7%
11.4%
-25.0%
Average Median Price for Last 12 Months ........
$1,425,233
$1,501,426
$1,504,167
$1,465,133
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.407
JUN
$1,650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$760
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.8 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 2016
telesproperties.com
Los Feliz DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,650,000
$1,161,700
$1,937,500
$1,435,000
-13.0%
Average Price per Square Foot ...........................
$636
$636
$620
$659
3.6%
Properties Sold .......................................................
17
13
18
17
0.0%
Properties Pending Sale .......................................
20
19
20
21
5.0%
Properties For Sale ................................................
103
99
77
80
-22.3%
Days on Market (Pending Sale) ...........................
48
47
105
69
43.8%
Month’s Supply of Inventory ................................
5.2
5.2
3.8
4.7
-8.6%
Percent Under Contract ........................................
19.4%
19.2%
26.0%
26.2%
35.2%
Average Median Price for Last 12 Months ........
$1,326,850
$1,627,625
$1,679,750
$1,550,185
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.650
JUN
$1,435,000
JUL AUG
MEDIAN SALES PRICE
SEP
$659
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.435 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 2016
telesproperties.com
Malibu DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,875,000
$2,310,000
$1,772,500
$3,150,000
68.0%
Average Price per Square Foot ...........................
$804
$948
$740
$874
8.7%
Properties Sold .......................................................
14
13
12
21
50.0%
Properties Pending Sale .......................................
13
13
18
17
30.8%
Properties For Sale ................................................
215
218
200
223
3.7%
Days on Market (Pending Sale) ...........................
104
120
118
172
65.4%
Month’s Supply of Inventory ................................
15.4
16.8
16.7
10.6
-30.9%
Percent Under Contract ........................................
6.0%
6.0%
9.0%
7.6%
26.1%
Average Median Price for Last 12 Months ........
$2,219,202
$2,342,842
$2,445,000
$2,368,202
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.875
JUN
$3,150,000
JUL AUG
MEDIAN SALES PRICE
SEP
$874
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.150 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 2016
telesproperties.com
Malibu Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$5,000,000
$11,000,000
$9,700,000
$10,997,500
120.0%
Average Price per Square Foot ...........................
$2,386
$2,443
$1,907
$4,718
97.7%
Properties Sold .......................................................
3
3
3
4
33.3%
Properties Pending Sale .......................................
4
2
5
5
25.0%
Properties For Sale ................................................
85
79
76
106
24.7%
Days on Market (Pending Sale) ...........................
107
119
144
129
20.6%
Month’s Supply of Inventory ................................
28.3
26.3
25.3
26.5
-6.5%
Percent Under Contract ........................................
4.7%
2.5%
6.6%
4.7%
0.2%
Average Median Price for Last 12 Months ........
$6,369,375
$8,203,750
$7,782,500
$7,072,308
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$5.000
JUN
$10,997,500
JUL AUG
MEDIAN SALES PRICE
SEP
$4,718
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
26.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$10.997 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Marina Del Rey DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,062,500
$1,342,500
$872,000
$1,000,000
-5.9%
Average Price per Square Foot ...........................
$830
$642
$886
$787
-5.2%
Properties Sold .......................................................
2
4
6
7
250.0%
Properties Pending Sale .......................................
5
3
6
7
40.0%
Properties For Sale ................................................
23
26
28
36
56.5%
Days on Market (Pending Sale) ...........................
23
43
52
52
126.1%
Month’s Supply of Inventory ................................
11.5
6.5
4.7
5.1
-55.3%
Percent Under Contract ........................................
21.7%
11.5%
21.4%
19.4%
-10.6%
Average Median Price for Last 12 Months ........
$1,662,848
$1,265,083
$968,333
$1,371,019
-21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.062
JUN
$1,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$787
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 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 2016
telesproperties.com
Mid Los Angeles DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$475,000
$465,000
$595,000
$621,500
30.8%
Average Price per Square Foot ...........................
$355
$357
$385
$384
8.2%
Properties Sold .......................................................
33
25
39
46
39.4%
Properties Pending Sale .......................................
31
32
34
45
45.2%
Properties For Sale ................................................
167
151
144
143
-14.4%
Days on Market (Pending Sale) ...........................
44
50
66
35
-20.5%
Month’s Supply of Inventory ................................
5.1
6
3.7
3.1
-38.6%
Percent Under Contract ........................................
18.6%
21.2%
23.6%
31.5%
69.5%
Average Median Price for Last 12 Months ........
$459,658
$579,009
$597,000
$555,581
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$475
JUN
$621,500
JUL AUG
MEDIAN SALES PRICE
SEP
$384
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$621 M E 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 2016
telesproperties.com
Mid Wilshire DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$793,000
$0
$759,500
$750,000
-5.4%
Average Price per Square Foot ...........................
$464
$0
$382
$440
-5.2%
Properties Sold .......................................................
2
0
4
5
150.0%
Properties Pending Sale .......................................
4
3
5
2
-50.0%
Properties For Sale ................................................
34
26
27
19
-44.1%
Days on Market (Pending Sale) ...........................
112
107
63
40
-64.3%
Month’s Supply of Inventory ................................
17
n/a
6.8
3.8
-77.6%
Percent Under Contract ........................................
11.8%
11.5%
18.5%
10.5%
-10.5%
Average Median Price for Last 12 Months ........
$618,800
$750,583
$743,833
$778,917
20.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$793
JUN
$750,000
JUL AUG
MEDIAN SALES PRICE
SEP
$440
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Pacific Palisades DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$3,250,000
$2,402,500
$2,587,500
$2,375,000
-26.9%
Average Price per Square Foot ...........................
$1,096
$959
$985
$1,053
-3.9%
Properties Sold .......................................................
33
14
17
25
-24.2%
Properties Pending Sale .......................................
26
23
22
29
11.5%
Properties For Sale ................................................
131
134
131
148
13.0%
Days on Market (Pending Sale) ...........................
54
69
45
46
-14.8%
Month’s Supply of Inventory ................................
4
9.6
7.7
5.9
49.1%
Percent Under Contract ........................................
19.8%
17.2%
16.8%
19.6%
-1.3%
Average Median Price for Last 12 Months ........
$2,598,239
$2,680,896
$2,465,500
$2,774,760
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.250
MAY JUN
$2,375,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,053
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Palms - Mar Vista DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,175,000
$1,243,000
$1,284,000
$1,320,650
12.4%
Average Price per Square Foot ...........................
$702
$735
$765
$734
4.6%
Properties Sold .......................................................
36
19
19
35
-2.8%
Properties Pending Sale .......................................
41
16
30
48
17.1%
Properties For Sale ................................................
94
71
73
106
12.8%
Days on Market (Pending Sale) ...........................
28
44
35
26
-7.1%
Month’s Supply of Inventory ................................
2.6
3.7
3.8
3
16.0%
Percent Under Contract ........................................
43.6%
22.5%
41.1%
45.3%
3.8%
Average Median Price for Last 12 Months ........
$1,082,748
$1,267,254
$1,303,175
$1,244,925
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.175
JUN
$1,320,650
JUL AUG
MEDIAN SALES PRICE
SEP
$734
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Playa Del Rey DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,850,000
$1,147,500
$1,368,025
$1,320,250
-28.6%
Average Price per Square Foot ...........................
$442
$790
$494
$544
23.1%
Properties Sold .......................................................
3
2
2
6
100.0%
Properties Pending Sale .......................................
3
4
3
5
66.7%
Properties For Sale ................................................
11
14
14
18
63.6%
Days on Market (Pending Sale) ...........................
169
26
34
28
-83.4%
Month’s Supply of Inventory ................................
3.7
7
7
3
-18.2%
Percent Under Contract ........................................
27.3%
28.6%
21.4%
27.8%
1.9%
Average Median Price for Last 12 Months ........
$1,589,042
$1,662,629
$1,866,750
$1,606,060
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.850
MAY JUN
$1,320,250
JUL AUG
MEDIAN SALES PRICE
SEP
$544
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Playa Vista DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,630,750
$2,600,000
$0
$1,623,000
-0.5%
Average Price per Square Foot ...........................
$513
$804
$0
$619
20.7%
Properties Sold .......................................................
2
1
0
2
0.0%
Properties Pending Sale .......................................
1
1
1
2
100.0%
Properties For Sale ................................................
6
5
7
9
50.0%
Days on Market (Pending Sale) ...........................
28
46
15
14
-50.0%
Month’s Supply of Inventory ................................
3
5
n/a
0.2
-92.6%
Percent Under Contract ........................................
16.7%
20.0%
14.3%
22.2%
33.3%
Average Median Price for Last 12 Months ........
$1,556,455
$1,903,500
$1,726,500
$1,809,306
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.630
JUN
$1,623,000
JUL AUG
MEDIAN SALES PRICE
SEP
$619
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.623 M E 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 2016
telesproperties.com
Santa Monica DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,675,000
$3,009,000
$3,550,000
$2,450,000
-8.4%
Average Price per Square Foot ...........................
$1,166
$1,126
$1,232
$990
-15.1%
Properties Sold .......................................................
27
16
15
25
-7.4%
Properties Pending Sale .......................................
26
17
23
26
0.0%
Properties For Sale ................................................
96
100
103
104
8.3%
Days on Market (Pending Sale) ...........................
28
46
33
47
67.9%
Month’s Supply of Inventory ................................
3.6
6.2
6.9
4.2
17.0%
Percent Under Contract ........................................
27.1%
17.0%
22.3%
25.0%
-7.7%
Average Median Price for Last 12 Months ........
$2,242,396
$2,779,833
$2,631,667
$2,487,546
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.675
JUN
$2,450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$990
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.450 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 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,765,000
$1,401,000
$1,832,500
$1,907,500
8.1%
Average Price per Square Foot ...........................
$830
$824
$956
$809
-2.5%
Properties Sold .......................................................
41
37
28
28
-31.7%
Properties Pending Sale .......................................
55
34
49
31
-43.6%
Properties For Sale ................................................
362
331
301
308
-14.9%
Days on Market (Pending Sale) ...........................
67
78
66
48
-28.4%
Month’s Supply of Inventory ................................
8.8
8.9
10.8
11
24.6%
Percent Under Contract ........................................
15.2%
10.3%
16.3%
10.1%
-33.8%
Average Median Price for Last 12 Months ........
$1,773,665
$1,790,833
$1,700,833
$1,722,385
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.765
JUN
$1,907,500
JUL AUG
MEDIAN SALES PRICE
SEP
$809
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.907 M E 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 2016
telesproperties.com
Venice DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,120,000
$1,700,000
$1,650,000
$1,983,592
-6.4%
Average Price per Square Foot ...........................
$962
$1,118
$1,036
$1,064
10.6%
Properties Sold .......................................................
16
17
15
18
12.5%
Properties Pending Sale .......................................
13
17
22
27
107.7%
Properties For Sale ................................................
84
90
97
94
11.9%
Days on Market (Pending Sale) ...........................
31
53
55
59
90.3%
Month’s Supply of Inventory ................................
5.2
5.3
6.5
5.2
-0.5%
Percent Under Contract ........................................
15.5%
18.9%
22.7%
28.7%
85.6%
Average Median Price for Last 12 Months ........
$1,690,615
$1,842,682
$1,877,864
$1,823,937
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.120
JUN
$1,983,592
JUL AUG
MEDIAN SALES PRICE
SEP
$1,064
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.983 M E 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 2016
telesproperties.com
West Hollywood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,500,500
$1,403,031
$1,675,000
$1,700,000
13.3%
Average Price per Square Foot ...........................
$940
$790
$971
$925
-1.6%
Properties Sold .......................................................
12
9
13
13
8.3%
Properties Pending Sale .......................................
9
14
7
9
0.0%
Properties For Sale ................................................
50
53
41
60
20.0%
Days on Market (Pending Sale) ...........................
21
40
63
28
33.3%
Month’s Supply of Inventory ................................
4.2
5.9
3.2
4.6
10.8%
Percent Under Contract ........................................
18.0%
26.4%
17.1%
15.0%
-16.7%
Average Median Price for Last 12 Months ........
$1,393,917
$1,545,333
$1,507,917
$1,466,579
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.500
JUN
$1,700,000
JUL AUG
MEDIAN SALES PRICE
SEP
$925
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
West Los Angeles DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$913,000
$1,165,000
$925,000
$942,000
3.2%
Average Price per Square Foot ...........................
$693
$930
$767
$657
-5.2%
Properties Sold .......................................................
8
11
6
10
25.0%
Properties Pending Sale .......................................
5
13
6
11
120.0%
Properties For Sale ................................................
36
40
37
44
22.2%
Days on Market (Pending Sale) ...........................
65
82
25
38
-41.5%
Month’s Supply of Inventory ................................
4.5
3.6
6.2
4.4
-2.2%
Percent Under Contract ........................................
13.9%
32.5%
16.2%
25.0%
80.0%
Average Median Price for Last 12 Months ........
$825,042
$1,079,083
$1,077,333
$1,036,579
25.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$913
JUN
$942,000
JUL AUG
MEDIAN SALES PRICE
SEP
$657
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$942 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Westchester DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$865,500
$939,175
$928,500
$1,144,500
32.2%
Average Price per Square Foot ...........................
$572
$581
$577
$616
7.7%
Properties Sold .......................................................
22
22
22
21
-4.5%
Properties Pending Sale .......................................
29
18
20
34
17.2%
Properties For Sale ................................................
72
63
60
74
2.8%
Days on Market (Pending Sale) ...........................
32
46
31
26
-18.8%
Month’s Supply of Inventory ................................
3.3
2.9
2.7
3.5
7.7%
Percent Under Contract ........................................
40.3%
28.6%
33.3%
45.9%
14.1%
Average Median Price for Last 12 Months ........
$844,015
$1,023,500
$1,040,167
$964,494
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$865
JUN
$1,144,500
JUL AUG
MEDIAN SALES PRICE
SEP
$616
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.144 M E 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 2016
telesproperties.com
Westwood - Century City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,650,000
$1,650,000
$1,594,000
$2,262,630
37.1%
Average Price per Square Foot ...........................
$790
$820
$816
$839
6.2%
Properties Sold .......................................................
15
0
10
20
33.3%
Properties Pending Sale .......................................
15
18
15
17
13.3%
Properties For Sale ................................................
55
68
74
75
36.4%
Days on Market (Pending Sale) ...........................
22
39
19
35
59.1%
Month’s Supply of Inventory ................................
3.7
n/a
7.4
3.8
2.3%
Percent Under Contract ........................................
27.3%
26.5%
20.3%
22.7%
-16.9%
Average Median Price for Last 12 Months ........
$1,759,177
$1,808,977
$1,871,210
$1,752,740
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.650
JUN
$2,262,630
JUL AUG
MEDIAN SALES PRICE
SEP
$839
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.262 M E 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 2016
telesproperties.com
South Bay Macro Market DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,272,650
$1,276,132
$1,169,132
$1,228,530
-3.5%
Average Price per Square Foot ...........................
$584
$552
$589
$604
3.5%
Properties Sold .......................................................
272
154
143
277
1.8%
Properties Pending Sale .......................................
301
207
248
298
-1.0%
Properties For Sale ................................................
870
832
815
1,020
17.2%
Days on Market (Pending Sale) ...........................
39
41
54
44
11.8%
Month’s Supply of Inventory ................................
3.2
5.4
5.7
3.7
15.1%
Percent Under Contract ........................................
34.6%
24.9%
30.4%
29.2%
-15.6%
Average Median Price for Last 12 Months ........
$1,194,577
$1,236,152
$1,274,126
$1,274,029
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.272
JUN
$1,228,530
JUL AUG
MEDIAN SALES PRICE
SEP
$604
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.228 M E 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 2016
telesproperties.com
El Segundo DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$919,000
$1,277,500
$1,153,162
$1,435,000
56.1%
Average Price per Square Foot ...........................
$628
$500
$530
$576
-8.3%
Properties Sold .......................................................
7
4
6
3
-57.1%
Properties Pending Sale .......................................
10
5
7
14
40.0%
Properties For Sale ................................................
22
22
18
35
59.1%
Days on Market (Pending Sale) ...........................
21
25
83
23
9.5%
Month’s Supply of Inventory ................................
3.1
5.5
3
11.7
271.2%
Percent Under Contract ........................................
45.5%
22.7%
38.9%
40.0%
-12.0%
Average Median Price for Last 12 Months ........
$971,639
$1,259,417
$1,275,613
$1,155,808
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$919
JUN
$1,435,000
JUL AUG
MEDIAN SALES PRICE
SEP
$576
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.435 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 2016
telesproperties.com
Hermosa Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,125,000
$1,920,000
$1,449,000
$1,574,500
-25.9%
Average Price per Square Foot ...........................
$940
$1,022
$774
$1,077
14.6%
Properties Sold .......................................................
9
10
5
12
33.3%
Properties Pending Sale .......................................
16
5
11
9
-43.8%
Properties For Sale ................................................
38
30
40
58
52.6%
Days on Market (Pending Sale) ...........................
28
25
46
39
39.3%
Month’s Supply of Inventory ................................
4.2
3
8
4.8
14.5%
Percent Under Contract ........................................
42.1%
16.7%
27.5%
15.5%
-63.1%
Average Median Price for Last 12 Months ........
$1,605,204
$1,741,729
$1,580,875
$1,820,490
13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.125
MAY JUN
$1,574,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,077
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.574 M E 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 2016
telesproperties.com
Manhattan Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,300,000
$2,200,000
$1,850,000
$2,500,000
8.7%
Average Price per Square Foot ...........................
$946
$866
$1,045
$1,131
19.6%
Properties Sold .......................................................
31
17
15
35
12.9%
Properties Pending Sale .......................................
31
21
27
29
-6.5%
Properties For Sale ................................................
94
95
110
153
62.8%
Days on Market (Pending Sale) ...........................
35
43
44
42
20.0%
Month’s Supply of Inventory ................................
3
5.6
7.3
4.4
44.2%
Percent Under Contract ........................................
33.0%
22.1%
24.5%
19.0%
-42.5%
Average Median Price for Last 12 Months ........
$1,991,271
$2,201,250
$2,479,167
$2,228,692
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.300
JUN
$2,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,131
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 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 2016
telesproperties.com
Palos Verdes Estates DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,572,500
$1,740,000
$1,799,500
$1,724,500
9.7%
Average Price per Square Foot ...........................
$680
$572
$756
$728
7.1%
Properties Sold .......................................................
18
11
16
20
11.1%
Properties Pending Sale .......................................
19
17
15
16
-15.8%
Properties For Sale ................................................
74
76
88
87
17.6%
Days on Market (Pending Sale) ...........................
45
64
48
44
-2.2%
Month’s Supply of Inventory ................................
4.1
6.9
5.5
4.4
5.8%
Percent Under Contract ........................................
25.7%
22.4%
17.0%
18.4%
-28.4%
Average Median Price for Last 12 Months ........
$1,730,313
$1,658,542
$1,698,417
$1,743,958
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.572
JUN
$1,724,500
JUL AUG
MEDIAN SALES PRICE
SEP
$728
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.724 M E 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 2016
telesproperties.com
Rancho Palos Verdes DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,170,000
$1,150,000
$1,390,000
$1,335,000
14.1%
Average Price per Square Foot ...........................
$536
$573
$522
$580
8.2%
Properties Sold .......................................................
34
23
16
35
2.9%
Properties Pending Sale .......................................
53
26
38
56
5.7%
Properties For Sale ................................................
159
153
121
181
13.8%
Days on Market (Pending Sale) ...........................
66
38
60
40
-39.4%
Month’s Supply of Inventory ................................
4.7
6.7
7.6
5.2
10.6%
Percent Under Contract ........................................
33.3%
17.0%
31.4%
30.9%
-7.2%
Average Median Price for Last 12 Months ........
$1,156,408
$1,245,264
$1,239,167
$1,215,930
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.170
JUN
$1,335,000
JUL AUG
MEDIAN SALES PRICE
SEP
$580
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.335 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Redondo Beach- North DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$875,000
$783,000
$710,000
$850,500
-2.8%
Average Price per Square Foot ...........................
$541
$506
$677
$581
7.4%
Properties Sold .......................................................
17
8
3
25
47.1%
Properties Pending Sale .......................................
23
12
16
9
-60.9%
Properties For Sale ................................................
54
34
35
28
-48.1%
Days on Market (Pending Sale) ...........................
31
35
43
19
-38.7%
Month’s Supply of Inventory ................................
3.2
4.2
11.7
1.1
-64.7%
Percent Under Contract ........................................
42.6%
35.3%
45.7%
32.1%
-24.5%
Average Median Price for Last 12 Months ........
$833,750
$865,625
$904,583
$873,756
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$875
JUN
$850,500
JUL AUG
MEDIAN SALES PRICE
SEP
$581
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2016
telesproperties.com
Redondo Beach- South DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,204,000
$1,142,500
$1,200,000
$1,436,000
19.3%
Average Price per Square Foot ...........................
$653
$674
$720
$664
1.7%
Properties Sold .......................................................
22
6
11
15
-31.8%
Properties Pending Sale .......................................
15
13
14
24
60.0%
Properties For Sale ................................................
41
46
39
60
46.3%
Days on Market (Pending Sale) ...........................
39
53
55
22
-43.6%
Month’s Supply of Inventory ................................
1.9
7.7
3.5
4
114.6%
Percent Under Contract ........................................
36.6%
28.3%
35.9%
40.0%
9.3%
Average Median Price for Last 12 Months ........
$1,127,250
$1,346,125
$1,487,000
$1,280,942
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.204
JUN
$1,436,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.436 M E 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 2016
telesproperties.com
Rolling Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$3,465,000
$3,224,500
$2,750,000
$2,000,000
-42.3%
Average Price per Square Foot ...........................
$770
$583
$795
$582
-24.4%
Properties Sold .......................................................
3
2
2
3
0.0%
Properties Pending Sale .......................................
2
0
1
3
50.0%
Properties For Sale ................................................
19
22
21
24
26.3%
Days on Market (Pending Sale) ...........................
66
0
143
154
133.3%
Month’s Supply of Inventory ................................
6.3
11
10.5
8
26.3%
Percent Under Contract ........................................
10.5%
0.0%
4.8%
12.5%
18.8%
Average Median Price for Last 12 Months ........
$3,338,043
$2,947,430
$3,032,383
$3,295,150
-1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.465
MAY JUN
$2,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$582
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.000 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 2016
telesproperties.com
Rolling Hills Estates DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,721,250
$1,700,000
$1,285,500
$1,360,000
-21.0%
Average Price per Square Foot ...........................
$610
$537
$568
$555
-9.0%
Properties Sold .......................................................
6
5
7
16
166.7%
Properties Pending Sale .......................................
6
7
10
10
66.7%
Properties For Sale ................................................
29
23
27
35
20.7%
Days on Market (Pending Sale) ...........................
21
77
51
73
247.6%
Month’s Supply of Inventory ................................
4.8
4.6
3.9
2.2
-54.7%
Percent Under Contract ........................................
20.7%
30.4%
37.0%
28.6%
38.1%
Average Median Price for Last 12 Months ........
$1,451,649
$1,600,250
$1,378,333
$1,571,731
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.721
JUN
$1,360,000
JUL AUG
MEDIAN SALES PRICE
SEP
$555
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.360 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 2016
telesproperties.com
San Pedro DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$577,000
$610,000
$592,814
$652,450
13.1%
Average Price per Square Foot ...........................
$384
$363
$345
$389
1.3%
Properties Sold .......................................................
38
19
17
38
0.0%
Properties Pending Sale .......................................
44
37
34
43
-2.3%
Properties For Sale ................................................
139
115
111
132
-5.0%
Days on Market (Pending Sale) ...........................
65
58
41
56
-13.8%
Month’s Supply of Inventory ................................
3.7
6.1
6.5
3.5
-5.0%
Percent Under Contract ........................................
31.7%
32.2%
30.6%
32.6%
2.9%
Average Median Price for Last 12 Months ........
$540,563
$584,044
$604,150
$572,482
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$577
JUN
$652,450
JUL AUG
MEDIAN SALES PRICE
SEP
$389
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$652 M E 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 2016
telesproperties.com
Torrance- County Strip DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$470,000
$487,250
$510,000
$450,000
-4.3%
Average Price per Square Foot ...........................
$286
$323
$314
$336
17.5%
Properties Sold .......................................................
7
6
6
9
28.6%
Properties Pending Sale .......................................
11
8
3
5
-54.5%
Properties For Sale ................................................
26
19
22
20
-23.1%
Days on Market (Pending Sale) ...........................
24
20
19
35
45.8%
Month’s Supply of Inventory ................................
3.7
3.2
3.7
2.2
-40.2%
Percent Under Contract ........................................
42.3%
42.1%
13.6%
25.0%
-40.9%
Average Median Price for Last 12 Months ........
$450,104
$486,500
$474,667
$479,519
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$470
JUN
$450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$336
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 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 2016
telesproperties.com
Torrance- North DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$575,000
$633,975
$605,000
$643,000
11.8%
Average Price per Square Foot ...........................
$424
$405
$423
$452
6.6%
Properties Sold .......................................................
21
12
15
17
-19.0%
Properties Pending Sale .......................................
21
17
21
17
-19.0%
Properties For Sale ................................................
52
68
55
44
-15.4%
Days on Market (Pending Sale) ...........................
24
47
51
30
25.0%
Month’s Supply of Inventory ................................
2.5
5.7
3.7
2.6
4.5%
Percent Under Contract ........................................
40.4%
25.0%
38.2%
38.6%
-4.3%
Average Median Price for Last 12 Months ........
$567,367
$608,750
$618,333
$606,152
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$575
JUN
$643,000
JUL AUG
MEDIAN SALES PRICE
SEP
$452
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$643 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Torrance- South DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$795,000
$839,500
$887,000
$912,000
14.7%
Average Price per Square Foot ...........................
$491
$432
$464
$519
5.7%
Properties Sold .......................................................
22
12
8
23
4.5%
Properties Pending Sale .......................................
22
15
15
30
36.4%
Properties For Sale ................................................
54
59
43
67
24.1%
Days on Market (Pending Sale) ...........................
31
31
40
19
-38.7%
Month’s Supply of Inventory ................................
2.5
4.9
5.4
2.9
18.7%
Percent Under Contract ........................................
40.7%
25.4%
34.9%
44.8%
9.9%
Average Median Price for Last 12 Months ........
$807,616
$852,852
$890,700
$863,759
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$795
JUN
$912,000
JUL AUG
MEDIAN SALES PRICE
SEP
$519
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$912 M E 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 2016
telesproperties.com
Torrance- Southeast DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$576,000
$638,750
$600,000
$690,000
19.8%
Average Price per Square Foot ...........................
$374
$418
$429
$396
5.9%
Properties Sold .......................................................
16
10
7
13
-18.8%
Properties Pending Sale .......................................
16
12
22
21
31.2%
Properties For Sale ................................................
43
42
53
61
41.9%
Days on Market (Pending Sale) ...........................
67
34
38
28
-58.2%
Month’s Supply of Inventory ................................
2.7
4.2
7.6
4.7
74.6%
Percent Under Contract ........................................
37.2%
28.6%
41.5%
34.4%
-7.5%
Average Median Price for Last 12 Months ........
$597,735
$622,083
$619,667
$604,538
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$576
JUN
$690,000
JUL AUG
MEDIAN SALES PRICE
SEP
$396
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Torrance- West DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$745,000
$795,000
$755,000
$865,000
16.1%
Average Price per Square Foot ...........................
$494
$504
$471
$500
1.2%
Properties Sold .......................................................
21
9
9
13
-38.1%
Properties Pending Sale .......................................
12
12
14
12
0.0%
Properties For Sale ................................................
26
28
32
35
34.6%
Days on Market (Pending Sale) ...........................
24
61
45
32
33.3%
Month’s Supply of Inventory ................................
1.2
3.1
3.6
2.7
117.5%
Percent Under Contract ........................................
46.2%
42.9%
43.8%
34.3%
-25.7%
Average Median Price for Last 12 Months ........
$749,750
$816,917
$828,833
$797,531
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$745
JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$500
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 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 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$796,643
$819,214
$863,929
$854,143
7.2%
Average Price per Square Foot ...........................
$424
$412
$427
$463
9.3%
Properties Sold .......................................................
33
25
20
32
-2.2%
Properties Pending Sale .......................................
38
31
32
40
5.9%
Properties For Sale ................................................
76
67
61
73
-3.5%
Days on Market (Pending Sale) ...........................
54
61
66
52
-3.7%
Month’s Supply of Inventory ................................
2.3
2.7
3.1
2.3
-1.3%
Percent Under Contract ........................................
49.9%
47.0%
53.5%
54.7%
9.7%
Average Median Price for Last 12 Months ........
$784,452
$864,405
$896,333
$841,016
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$796
JUN
$854,143
JUL AUG
MEDIAN SALES PRICE
SEP
$463
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$854 M E 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 2016
telesproperties.com
Burbank DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$675,000
$750,000
$718,000
$695,000
3.0%
Average Price per Square Foot ...........................
$461
$441
$457
$475
3.0%
Properties Sold .......................................................
53
50
21
45
-15.1%
Properties Pending Sale .......................................
56
37
49
72
28.6%
Properties For Sale ................................................
106
62
65
84
-20.8%
Days on Market (Pending Sale) ...........................
36
54
60
50
38.9%
Month’s Supply of Inventory ................................
2
1.2
3.1
1.9
-6.7%
Percent Under Contract ........................................
52.8%
59.7%
75.4%
85.7%
62.2%
Average Median Price for Last 12 Months ........
$662,750
$718,667
$716,333
$711,231
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$675
JUN
$695,000
JUL AUG
MEDIAN SALES PRICE
SEP
$475
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 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 2016
telesproperties.com
Encino DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,188,000
$1,210,000
$963,000
$1,340,000
12.8%
Average Price per Square Foot ...........................
$471
$425
$456
$508
7.9%
Properties Sold .......................................................
46
33
26
46
0.0%
Properties Pending Sale .......................................
48
39
43
54
12.5%
Properties For Sale ................................................
133
109
98
118
-11.3%
Days on Market (Pending Sale) ...........................
65
70
79
68
4.6%
Month’s Supply of Inventory ................................
2.9
3.3
3.8
2.6
-11.3%
Percent Under Contract ........................................
36.1%
35.8%
43.9%
45.8%
26.8%
Average Median Price for Last 12 Months ........
$1,082,063
$1,160,667
$1,291,667
$1,181,923
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.188
JUN
$1,340,000
JUL AUG
MEDIAN SALES PRICE
SEP
$508
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.340 M E 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 2016
telesproperties.com
Glendale DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$783,000
$801,000
$795,000
$837,000
6.9%
Average Price per Square Foot ...........................
$438
$454
$437
$457
4.3%
Properties Sold .......................................................
56
35
30
53
-5.4%
Properties Pending Sale .......................................
63
57
58
65
3.2%
Properties For Sale ................................................
113
92
82
120
6.2%
Days on Market (Pending Sale) ...........................
45
40
67
41
-8.9%
Month’s Supply of Inventory ................................
2
2.6
2.7
2.3
12.2%
Percent Under Contract ........................................
55.8%
62.0%
70.7%
54.2%
-2.8%
Average Median Price for Last 12 Months ........
$749,417
$812,333
$844,667
$814,769
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$783
JUN
$837,000
JUL AUG
MEDIAN SALES PRICE
SEP
$457
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$837 M E 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 2016
telesproperties.com
La Crescenta DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$761,000
$724,000
$720,000
$801,000
5.3%
Average Price per Square Foot ...........................
$416
$436
$452
$485
16.6%
Properties Sold .......................................................
22
15
9
22
0.0%
Properties Pending Sale .......................................
30
16
10
21
-30.0%
Properties For Sale ................................................
26
27
22
25
-3.8%
Days on Market (Pending Sale) ...........................
37
53
51
50
35.1%
Month’s Supply of Inventory ................................
1.2
1.8
2.4
1.1
-3.8%
Percent Under Contract ........................................
115.4%
59.3%
45.5%
84.0%
-27.2%
Average Median Price for Last 12 Months ........
$731,083
$764,833
$798,000
$763,769
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$761
JUN
$801,000
JUL AUG
MEDIAN SALES PRICE
SEP
$485
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$801 M E 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 2016
telesproperties.com
North Hollywood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$465,000
$523,000
$510,000
$530,000
14.0%
Average Price per Square Foot ...........................
$356
$365
$360
$381
7.0%
Properties Sold .......................................................
37
32
34
36
-2.7%
Properties Pending Sale .......................................
42
37
51
37
-11.9%
Properties For Sale ................................................
64
74
59
50
-21.9%
Days on Market (Pending Sale) ...........................
54
63
71
65
20.4%
Month’s Supply of Inventory ................................
1.7
2.3
1.7
1.4
-19.7%
Percent Under Contract ........................................
65.6%
50.0%
86.4%
74.0%
12.8%
Average Median Price for Last 12 Months ........
$455,375
$512,000
$518,000
$508,615
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$465
JUN
$530,000
JUL AUG
MEDIAN SALES PRICE
SEP
$381
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$530 M E 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 2016
telesproperties.com
Shadow Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$680,000
$608,000
$893,000
$610,000
-10.3%
Average Price per Square Foot ...........................
$323
$324
$282
$591
83.0%
Properties Sold .......................................................
2
1
1
1
-50.0%
Properties Pending Sale .......................................
3
7
4
5
66.7%
Properties For Sale ................................................
13
14
10
9
-30.8%
Days on Market (Pending Sale) ...........................
59
64
68
29
-50.8%
Month’s Supply of Inventory ................................
6.5
14
10
9
38.5%
Percent Under Contract ........................................
23.1%
50.0%
40.0%
55.6%
140.7%
Average Median Price for Last 12 Months ........
$792,000
$796,833
$905,000
$741,769
-6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$680
JUN
$610,000
JUL AUG
MEDIAN SALES PRICE
SEP
$591
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Sherman Oaks DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$935,000
$976,000
$1,000,000
$1,068,000
14.2%
Average Price per Square Foot ...........................
$503
$524
$479
$505
0.4%
Properties Sold .......................................................
51
30
33
52
2.0%
Properties Pending Sale .......................................
62
57
63
73
17.7%
Properties For Sale ................................................
140
130
119
146
4.3%
Days on Market (Pending Sale) ...........................
43
54
71
53
23.3%
Month’s Supply of Inventory ................................
2.7
4.3
3.6
2.8
2.3%
Percent Under Contract ........................................
44.3%
43.8%
52.9%
50.0%
12.9%
Average Median Price for Last 12 Months ........
$917,521
$1,063,167
$1,144,333
$1,013,462
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$935
JUN
$1,068,000
JUL AUG
MEDIAN SALES PRICE
SEP
$505
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.068 M E 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 2016
telesproperties.com
Studio City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,204,000
$1,325,000
$1,415,000
$1,535,000
27.5%
Average Price per Square Foot ...........................
$565
$574
$645
$607
7.4%
Properties Sold .......................................................
28
33
18
32
14.3%
Properties Pending Sale .......................................
40
28
23
44
10.0%
Properties For Sale ................................................
80
85
77
85
6.2%
Days on Market (Pending Sale) ...........................
62
75
56
49
-21.0%
Month’s Supply of Inventory ................................
2.9
2.6
4.3
2.7
-7.0%
Percent Under Contract ........................................
50.0%
32.9%
29.9%
51.8%
3.5%
Average Median Price for Last 12 Months ........
$1,166,125
$1,381,000
$1,447,667
$1,357,308
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.204
JUN
$1,535,000
JUL AUG
MEDIAN SALES PRICE
SEP
$607
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Sun Valley DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$480,000
$440,000
$574,000
$460,000
-4.2%
Average Price per Square Foot ...........................
$327
$341
$348
$313
-4.3%
Properties Sold .......................................................
15
12
12
19
26.7%
Properties Pending Sale .......................................
16
24
17
19
18.8%
Properties For Sale ................................................
32
28
26
31
-3.1%
Days on Market (Pending Sale) ...........................
55
47
60
52
-5.5%
Month’s Supply of Inventory ................................
2.1
2.3
2.2
1.6
-23.5%
Percent Under Contract ........................................
50.0%
85.7%
65.4%
61.3%
22.6%
Average Median Price for Last 12 Months ........
$417,083
$462,000
$447,667
$451,692
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$480
JUN
$460,000
JUL AUG
MEDIAN SALES PRICE
SEP
$313
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$460 M E 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 2016
telesproperties.com
Sunland/Tujunga DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$496,000
$500,000
$447,000
$582,000
17.3%
Average Price per Square Foot ...........................
$345
$367
$355
$344
-0.3%
Properties Sold .......................................................
34
25
19
30
-11.8%
Properties Pending Sale .......................................
36
43
36
34
-5.6%
Properties For Sale ................................................
71
59
48
59
-16.9%
Days on Market (Pending Sale) ...........................
52
68
62
47
-9.6%
Month’s Supply of Inventory ................................
2.1
2.4
2.5
2
-5.8%
Percent Under Contract ........................................
50.7%
72.9%
75.0%
57.6%
13.7%
Average Median Price for Last 12 Months ........
$482,292
$523,333
$546,667
$511,462
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$496
JUN
$582,000
JUL AUG
MEDIAN SALES PRICE
SEP
$344
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$582 M E 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 2016
telesproperties.com
Tarzana DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$931,000
$930,000
$950,000
$915,000
-1.7%
Average Price per Square Foot ...........................
$395
$370
$412
$384
-2.8%
Properties Sold .......................................................
19
25
25
27
42.1%
Properties Pending Sale .......................................
34
23
23
39
14.7%
Properties For Sale ................................................
84
81
77
82
-2.4%
Days on Market (Pending Sale) ...........................
87
56
71
71
-18.4%
Month’s Supply of Inventory ................................
4.4
3.2
3.1
3
-31.3%
Percent Under Contract ........................................
40.5%
28.4%
29.9%
47.6%
17.5%
Average Median Price for Last 12 Months ........
$898,917
$920,333
$969,333
$909,846
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$931
JUN
$915,000
JUL AUG
MEDIAN SALES PRICE
SEP
$384
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Toluca Lake DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,000,000
$1,100,000
$1,553,000
$955,000
-4.5%
Average Price per Square Foot ...........................
$543
$402
$473
$552
1.7%
Properties Sold .......................................................
9
3
2
3
-66.7%
Properties Pending Sale .......................................
10
6
5
3
-70.0%
Properties For Sale ................................................
20
12
14
14
-30.0%
Days on Market (Pending Sale) ...........................
63
111
83
50
-20.6%
Month’s Supply of Inventory ................................
2.2
4
7
4.7
110.0%
Percent Under Contract ........................................
50.0%
50.0%
35.7%
21.4%
-57.1%
Average Median Price for Last 12 Months ........
$1,123,292
$1,340,667
$1,265,000
$1,182,846
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.000
JUN
$955,000
JUL AUG
MEDIAN SALES PRICE
SEP
$552
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Valley Village DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$825,000
$820,000
$829,000
$890,000
7.9%
Average Price per Square Foot ...........................
$457
$402
$479
$523
14.4%
Properties Sold .......................................................
13
5
5
16
23.1%
Properties Pending Sale .......................................
11
5
11
26
136.4%
Properties For Sale ................................................
24
17
15
32
33.3%
Days on Market (Pending Sale) ...........................
32
41
44
33
3.1%
Month’s Supply of Inventory ................................
1.8
3.4
3
2
8.3%
Percent Under Contract ........................................
45.8%
29.4%
73.3%
81.2%
77.3%
Average Median Price for Last 12 Months ........
$796,333
$869,333
$883,333
$874,385
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$825
JUN
$890,000
JUL AUG
MEDIAN SALES PRICE
SEP
$523
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Woodland Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$730,000
$762,000
$728,000
$740,000
1.4%
Average Price per Square Foot ...........................
$331
$340
$339
$358
8.2%
Properties Sold .......................................................
73
49
41
66
-9.6%
Properties Pending Sale .......................................
78
59
61
68
-12.8%
Properties For Sale ................................................
155
141
137
169
9.0%
Days on Market (Pending Sale) ...........................
59
63
81
63
6.8%
Month’s Supply of Inventory ................................
2.1
2.9
3.3
2.6
20.6%
Percent Under Contract ........................................
50.3%
41.8%
44.5%
40.2%
-20.0%
Average Median Price for Last 12 Months ........
$708,083
$776,500
$771,000
$751,154
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$730
JUN
$740,000
JUL AUG
MEDIAN SALES PRICE
SEP
$358
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$740 M E 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 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,008,333
$1,016,667
$996,750
$990,333
-1.8%
Average Price per Square Foot ...........................
$504
$506
$508
$534
6.0%
Properties Sold .......................................................
24
26
26
27
13.1%
Properties Pending Sale .......................................
29
26
20
28
-3.7%
Properties For Sale ................................................
66
79
50
70
6.0%
Days on Market (Pending Sale) ...........................
45
51
59
55
23.6%
Month’s Supply of Inventory ................................
2.7
3
1.9
2.6
-6.2%
Percent Under Contract ........................................
44.0%
33.0%
40.2%
40.0%
-9.2%
Average Median Price for Last 12 Months ........
$963,763
$1,000,833
$985,000
$1,002,066
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.008
JUN
$990,333
JUL AUG
MEDIAN SALES PRICE
SEP
$534
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Alhambra DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$498,000
$575,000
$560,000
$568,000
14.1%
Average Price per Square Foot ...........................
$379
$409
$430
$423
11.6%
Properties Sold .......................................................
38
18
13
28
-26.3%
Properties Pending Sale .......................................
40
18
26
24
-40.0%
Properties For Sale ................................................
75
46
43
44
-41.3%
Days on Market (Pending Sale) ...........................
64
74
56
51
-20.3%
Month’s Supply of Inventory ................................
2
2.6
3.3
1.6
-20.4%
Percent Under Contract ........................................
53.3%
39.1%
60.5%
54.5%
2.3%
Average Median Price for Last 12 Months ........
$519,833
$582,000
$575,667
$571,154
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$498
JUN
$568,000
JUL AUG
MEDIAN SALES PRICE
SEP
$423
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$568 M E 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 2016
telesproperties.com
Altadena DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$675,000
$757,000
$688,000
$763,000
13.0%
Average Price per Square Foot ...........................
$440
$422
$426
$479
8.9%
Properties Sold .......................................................
30
31
23
40
33.3%
Properties Pending Sale .......................................
41
47
29
39
-4.9%
Properties For Sale ................................................
70
40
52
67
-4.3%
Days on Market (Pending Sale) ...........................
48
73
58
53
10.4%
Month’s Supply of Inventory ................................
2.3
1.3
2.3
1.7
-28.2%
Percent Under Contract ........................................
58.6%
117.5%
55.8%
58.2%
-0.6%
Average Median Price for Last 12 Months ........
$629,083
$725,667
$736,333
$709,154
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$675
JUN
$763,000
JUL AUG
MEDIAN SALES PRICE
SEP
$479
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$763 M E 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 2016
telesproperties.com
Arcadia DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,213,000
$1,405,000
$1,360,000
$1,144,000
-5.7%
Average Price per Square Foot ...........................
$579
$540
$524
$553
-4.5%
Properties Sold .......................................................
48
28
23
44
-8.3%
Properties Pending Sale .......................................
49
34
39
39
-20.4%
Properties For Sale ................................................
236
209
208
214
-9.3%
Days on Market (Pending Sale) ...........................
69
80
76
57
-17.4%
Month’s Supply of Inventory ................................
4.9
7.5
9
4.9
-1.1%
Percent Under Contract ........................................
20.8%
16.3%
18.8%
18.2%
-12.2%
Average Median Price for Last 12 Months ........
$1,318,458
$1,202,500
$1,095,000
$1,260,692
-4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.213
JUN
$1,144,000
JUL AUG
MEDIAN SALES PRICE
SEP
$553
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.144 M E 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 2016
telesproperties.com
Duarte DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$515,000
$438,000
$398,000
$445,000
-13.6%
Average Price per Square Foot ...........................
$337
$352
$389
$386
14.5%
Properties Sold .......................................................
13
11
12
15
15.4%
Properties Pending Sale .......................................
17
17
16
22
29.4%
Properties For Sale ................................................
18
32
31
27
50.0%
Days on Market (Pending Sale) ...........................
84
51
65
78
-7.1%
Month’s Supply of Inventory ................................
1.4
2.9
2.6
1.8
30.0%
Percent Under Contract ........................................
94.4%
53.1%
51.6%
81.5%
-13.7%
Average Median Price for Last 12 Months ........
$443,083
$461,167
$461,667
$456,231
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $515
MAY JUN
$445,000
JUL AUG
MEDIAN SALES PRICE
SEP
$386
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$445 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Eagle Rock DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$741,000
$683,000
$763,000
$753,000
1.6%
Average Price per Square Foot ...........................
$446
$432
$492
$509
14.1%
Properties Sold .......................................................
13
16
10
30
130.8%
Properties Pending Sale .......................................
20
25
21
16
-20.0%
Properties For Sale ................................................
30
22
26
28
-6.7%
Days on Market (Pending Sale) ...........................
49
65
77
41
-16.3%
Month’s Supply of Inventory ................................
2.3
1.4
2.6
0.9
-59.6%
Percent Under Contract ........................................
66.7%
113.6%
80.8%
57.1%
-14.3%
Average Median Price for Last 12 Months ........
$696,167
$738,000
$758,000
$720,769
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$741
JUN
$753,000
JUL AUG
MEDIAN SALES PRICE
SEP
$509
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$753 M E 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 2016
telesproperties.com
La Canada Flintridge DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,750,000
$1,775,000
$1,412,000
$1,625,000
-7.1%
Average Price per Square Foot ...........................
$603
$651
$566
$632
4.8%
Properties Sold .......................................................
27
20
12
24
-11.1%
Properties Pending Sale .......................................
30
22
22
22
-26.7%
Properties For Sale ................................................
56
40
42
71
26.8%
Days on Market (Pending Sale) ...........................
40
42
63
41
2.5%
Month’s Supply of Inventory ................................
2.1
2
3.5
3
42.6%
Percent Under Contract ........................................
53.6%
55.0%
52.4%
31.0%
-42.2%
Average Median Price for Last 12 Months ........
$1,515,668
$1,609,333
$1,691,000
$1,598,385
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.750
JUN
$1,625,000
JUL AUG
MEDIAN SALES PRICE
SEP
$632
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Monrovia DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$648,000
$645,000
$640,000
$588,000
-9.3%
Average Price per Square Foot ...........................
$435
$386
$424
$420
-3.4%
Properties Sold .......................................................
31
12
21
24
-22.6%
Properties Pending Sale .......................................
39
22
21
25
-35.9%
Properties For Sale ................................................
62
56
47
49
-21.0%
Days on Market (Pending Sale) ...........................
64
64
64
52
-18.8%
Month’s Supply of Inventory ................................
2
4.7
2.2
2
2.1%
Percent Under Contract ........................................
62.9%
39.3%
44.7%
51.0%
-18.9%
Average Median Price for Last 12 Months ........
$606,417
$616,167
$619,000
$631,846
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$648
JUN
$588,000
JUL AUG
MEDIAN SALES PRICE
SEP
$420
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$588 M E 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 2016
telesproperties.com
Pasadena DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$778,000
$767,000
$750,000
$883,000
13.5%
Average Price per Square Foot ...........................
$544
$522
$489
$537
-1.3%
Properties Sold .......................................................
86
56
46
68
-20.9%
Properties Pending Sale .......................................
82
91
65
84
2.4%
Properties For Sale ................................................
174
173
158
207
19.0%
Days on Market (Pending Sale) ...........................
53
55
58
62
17.0%
Month’s Supply of Inventory ................................
2
3.1
3.4
3
50.5%
Percent Under Contract ........................................
47.1%
52.6%
41.1%
40.6%
-13.9%
Average Median Price for Last 12 Months ........
$759,417
$834,167
$852,667
$812,923
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$778
JUN
$883,000
JUL AUG
MEDIAN SALES PRICE
SEP
$537
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$883 M E 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 2016
telesproperties.com
San Gabriel DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$770,000
$710,000
$788,000
$690,000
-10.4%
Average Price per Square Foot ...........................
$438
$410
$467
$477
8.9%
Properties Sold .......................................................
21
15
12
21
0.0%
Properties Pending Sale .......................................
19
19
14
24
26.3%
Properties For Sale ................................................
65
61
50
60
-7.7%
Days on Market (Pending Sale) ...........................
58
76
74
70
20.7%
Month’s Supply of Inventory ................................
3.1
4.1
4.2
2.9
-7.7%
Percent Under Contract ........................................
29.2%
31.1%
28.0%
40.0%
36.8%
Average Median Price for Last 12 Months ........
$702,375
$750,333
$739,667
$731,923
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$770
JUN
$690,000
JUL AUG
MEDIAN SALES PRICE
SEP
$477
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
San Marino DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,760,000
$2,650,000
$2,350,000
$2,159,000
-21.8%
Average Price per Square Foot ...........................
$862
$839
$956
$904
4.9%
Properties Sold .......................................................
16
11
13
12
-25.0%
Properties Pending Sale .......................................
12
9
12
16
33.3%
Properties For Sale ................................................
37
35
37
37
0.0%
Days on Market (Pending Sale) ...........................
66
40
79
59
-10.6%
Month’s Supply of Inventory ................................
2.3
3.2
2.8
3.1
33.3%
Percent Under Contract ........................................
32.4%
25.7%
32.4%
43.2%
33.3%
Average Median Price for Last 12 Months ........
$2,297,583
$2,267,000
$2,421,000
$2,307,923
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.760
MAY JUN
$2,159,000
JUL AUG
MEDIAN SALES PRICE
SEP
$904
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.159 M E 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 2016
telesproperties.com
Sierra Madre DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$894,000
$807,000
$1,377,000
$765,000
-14.4%
Average Price per Square Foot ...........................
$445
$435
$473
$479
7.6%
Properties Sold .......................................................
14
9
4
13
-7.1%
Properties Pending Sale .......................................
18
9
3
12
-33.3%
Properties For Sale ................................................
24
16
14
22
-8.3%
Days on Market (Pending Sale) ...........................
36
71
45
53
47.2%
Month’s Supply of Inventory ................................
1.7
1.8
3.5
1.7
-1.3%
Percent Under Contract ........................................
75.0%
56.2%
21.4%
54.5%
-27.3%
Average Median Price for Last 12 Months ........
$897,417
$1,024,833
$879,333
$984,000
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$894
JUN
$765,000
JUL AUG
MEDIAN SALES PRICE
SEP
$479
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2016
telesproperties.com
South Pasadena DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,348,000
$1,321,000
$945,000
$1,501,000
11.4%
Average Price per Square Foot ...........................
$617
$598
$540
$607
-1.6%
Properties Sold .......................................................
12
15
7
10
-16.7%
Properties Pending Sale .......................................
14
15
10
14
0.0%
Properties For Sale ................................................
17
11
13
17
0.0%
Days on Market (Pending Sale) ...........................
56
37
63
44
-21.4%
Month’s Supply of Inventory ................................
1.4
0.7
1.9
1.7
20.0%
Percent Under Contract ........................................
82.4%
136.4%
76.9%
82.4%
0.0%
Average Median Price for Last 12 Months ........
$1,179,649
$1,221,500
$1,373,667
$1,253,000
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.348
JUN
$1,501,000
JUL AUG
MEDIAN SALES PRICE
SEP
$607
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.501 M E 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 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : May 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : May 2016
telesproperties.com
Orange County DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$705,000
$700,000
$701,500
$730,000
3.5%
Average Price per Square Foot ...........................
$426
$425
$454
$432
1.4%
Properties Sold .......................................................
1786
1214
1110
1876
5.0%
Properties Pending Sale .......................................
1968
1408
1642
1975
0.4%
Properties For Sale ................................................
6,990
5,952
5,725
7,158
2.4%
Days on Market (Pending Sale) ...........................
47
64
58
54
14.9%
Month’s Supply of Inventory ................................
3.9
4.9
5.2
3.8
-2.5%
Percent Under Contract ........................................
28.2%
23.7%
28.7%
27.6%
-2.0%
Average Median Price for Last 12 Months ........
$677,933
$711,917
$725,000
$707,808
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$705
JUN
$730,000
JUL AUG
MEDIAN SALES PRICE
SEP
$432
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 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 2016
telesproperties.com
Aliso Viejo DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$739,000
$690,000
$749,000
$778,000
5.3%
Average Price per Square Foot ...........................
$366
$372
$363
$371
1.4%
Properties Sold .......................................................
30
13
23
30
0.0%
Properties Pending Sale .......................................
29
16
24
38
31.0%
Properties For Sale ................................................
73
62
69
82
12.3%
Days on Market (Pending Sale) ...........................
30
74
33
54
80.0%
Month’s Supply of Inventory ................................
2.4
4.8
3
2.7
12.3%
Percent Under Contract ........................................
39.7%
25.8%
34.8%
46.3%
16.7%
Average Median Price for Last 12 Months ........
$725,208
$758,042
$741,417
$747,135
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$739
JUN
$778,000
JUL AUG
MEDIAN SALES PRICE
SEP
$371
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 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 2016
telesproperties.com
Balboa Peninsula DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$3,500,000
$1,300,000
$2,775,000
$7,600,000
117.1%
Average Price per Square Foot ...........................
$744
$1,043
$1,207
$2,007
169.8%
Properties Sold .......................................................
2
1
4
5
150.0%
Properties Pending Sale .......................................
5
3
4
4
-20.0%
Properties For Sale ................................................
39
27
36
50
28.2%
Days on Market (Pending Sale) ...........................
85
56
96
44
-48.2%
Month’s Supply of Inventory ................................
19.5
27
9
10
-48.7%
Percent Under Contract ........................................
12.8%
11.1%
11.1%
8.0%
-37.6%
Average Median Price for Last 12 Months ........
$2,739,750
$3,832,083
$4,630,833
$3,189,615
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$3.500
JUN
$7,600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$2,007
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$7.600 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 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,500,000
$3,100,000
$3,600,000
$2,850,000
14.0%
Average Price per Square Foot ...........................
$1,122
$1,122
$1,240
$969
-13.6%
Properties Sold .......................................................
15
15
15
13
-13.3%
Properties Pending Sale .......................................
17
11
12
18
5.9%
Properties For Sale ................................................
93
88
79
92
-1.1%
Days on Market (Pending Sale) ...........................
57
43
110
106
86.0%
Month’s Supply of Inventory ................................
6.2
5.9
5.3
7.1
14.1%
Percent Under Contract ........................................
18.3%
12.5%
15.2%
19.6%
7.0%
Average Median Price for Last 12 Months ........
$2,095,525
$2,772,250
$2,742,500
$2,745,231
31.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.500
JUN
$2,850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$969
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Coto de Caza DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,241,316
$1,491,250
$1,274,250
$1,145,000
-7.8%
Average Price per Square Foot ...........................
$390
$384
$363
$341
-12.6%
Properties Sold .......................................................
26
6
15
29
11.5%
Properties Pending Sale .......................................
19
16
20
32
68.4%
Properties For Sale ................................................
124
114
122
168
35.5%
Days on Market (Pending Sale) ...........................
61
104
88
65
6.6%
Month’s Supply of Inventory ................................
4.8
19
8.1
5.8
21.5%
Percent Under Contract ........................................
15.3%
14.0%
16.4%
19.0%
24.3%
Average Median Price for Last 12 Months ........
$1,197,156
$1,146,925
$1,089,267
$1,152,528
-3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.241
JUN
$1,145,000
JUL AUG
MEDIAN SALES PRICE
SEP
$341
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.145 M E 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 2016
telesproperties.com
Crystal Cove DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$4,720,000
$0
$15,025,000
$0
-100.0%
Average Price per Square Foot ...........................
$1,341
$0
$1,417
$0
-100.0%
Properties Sold .......................................................
14
0
1
0
-100.0%
Properties Pending Sale .......................................
12
0
3
1
-91.7%
Properties For Sale ................................................
25
17
19
22
-12.0%
Days on Market (Pending Sale) ...........................
49
0
192
121
146.9%
Month’s Supply of Inventory ................................
1.8
n/a
19
n/a
n/a
Percent Under Contract ........................................
48.0%
0.0%
15.8%
4.5%
-90.5%
Average Median Price for Last 12 Months ........
$5,814,194
$8,280,778
$4,939,444
$8,038,308
38.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$4.720
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
n/a 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 2016
telesproperties.com
Dana Point DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$935,000
$1,012,500
$1,606,250
$950,000
1.6%
Average Price per Square Foot ...........................
$548
$648
$676
$535
-2.4%
Properties Sold .......................................................
39
20
18
33
-15.4%
Properties Pending Sale .......................................
35
28
28
41
17.1%
Properties For Sale ................................................
186
153
151
188
1.1%
Days on Market (Pending Sale) ...........................
74
104
101
89
20.3%
Month’s Supply of Inventory ................................
4.8
7.6
8.4
5.7
19.5%
Percent Under Contract ........................................
18.8%
18.3%
18.5%
21.8%
15.9%
Average Median Price for Last 12 Months ........
$969,107
$1,038,465
$930,046
$1,032,322
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$935
JUN
$950,000
JUL AUG
MEDIAN SALES PRICE
SEP
$535
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
East Bluff - Harbor View DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,845,000
$1,017,550
$1,750,000
$1,862,500
0.9%
Average Price per Square Foot ...........................
$699
$555
$668
$721
3.1%
Properties Sold .......................................................
26
6
13
22
-15.4%
Properties Pending Sale .......................................
24
18
20
19
-20.8%
Properties For Sale ................................................
102
96
88
119
16.7%
Days on Market (Pending Sale) ...........................
77
88
50
53
-31.2%
Month’s Supply of Inventory ................................
3.9
16
6.8
5.4
37.9%
Percent Under Contract ........................................
23.5%
18.8%
22.7%
16.0%
-32.1%
Average Median Price for Last 12 Months ........
$1,730,245
$1,977,292
$1,859,167
$1,842,792
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.845
JUN
$1,862,500
JUL AUG
MEDIAN SALES PRICE
SEP
$721
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.862 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 2016
telesproperties.com
East Costa Mesa DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$818,750
$1,085,000
$1,167,000
$955,000
16.6%
Average Price per Square Foot ...........................
$537
$591
$520
$591
10.1%
Properties Sold .......................................................
12
11
15
11
-8.3%
Properties Pending Sale .......................................
12
7
12
21
75.0%
Properties For Sale ................................................
53
45
79
71
34.0%
Days on Market (Pending Sale) ...........................
37
27
110
52
40.5%
Month’s Supply of Inventory ................................
4.4
4.1
5.3
6.5
46.1%
Percent Under Contract ........................................
22.6%
15.6%
15.2%
29.6%
30.6%
Average Median Price for Last 12 Months ........
$911,042
$1,014,424
$926,333
$954,734
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$818
JUN
$955,000
JUL AUG
MEDIAN SALES PRICE
SEP
$591
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Fountain Valley DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$745,000
$748,000
$667,000
$738,000
-0.9%
Average Price per Square Foot ...........................
$365
$356
$396
$369
1.1%
Properties Sold .......................................................
21
25
14
37
76.2%
Properties Pending Sale .......................................
35
21
28
36
2.9%
Properties For Sale ................................................
86
67
69
78
-9.3%
Days on Market (Pending Sale) ...........................
36
33
28
40
11.1%
Month’s Supply of Inventory ................................
4.1
2.7
4.9
2.1
-48.5%
Percent Under Contract ........................................
40.7%
31.3%
40.6%
46.2%
13.4%
Average Median Price for Last 12 Months ........
$689,375
$709,333
$740,833
$721,915
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$745
JUN
$738,000
JUL AUG
MEDIAN SALES PRICE
SEP
$369
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 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 2016
telesproperties.com
Huntington Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$789,000
$797,500
$821,950
$817,500
3.6%
Average Price per Square Foot ...........................
$448
$473
$483
$460
2.7%
Properties Sold .......................................................
121
94
63
102
-15.7%
Properties Pending Sale .......................................
130
109
110
133
2.3%
Properties For Sale ................................................
409
346
316
426
4.2%
Days on Market (Pending Sale) ...........................
41
63
52
50
22.0%
Month’s Supply of Inventory ................................
3.4
3.7
5
4.2
23.6%
Percent Under Contract ........................................
31.8%
31.5%
34.8%
31.2%
-1.8%
Average Median Price for Last 12 Months ........
$763,704
$804,908
$796,667
$802,808
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$789
JUN
$817,500
JUL AUG
MEDIAN SALES PRICE
SEP
$460
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Irvine DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$917,000
$972,000
$1,063,150
$1,029,375
12.3%
Average Price per Square Foot ...........................
$465
$482
$499
$500
7.5%
Properties Sold .......................................................
104
65
80
102
-1.9%
Properties Pending Sale .......................................
110
77
107
108
-1.8%
Properties For Sale ................................................
439
365
341
459
4.6%
Days on Market (Pending Sale) ...........................
48
98
61
60
25.0%
Month’s Supply of Inventory ................................
4.2
5.6
4.3
4.5
6.6%
Percent Under Contract ........................................
25.1%
21.1%
31.4%
23.5%
-6.1%
Average Median Price for Last 12 Months ........
$930,792
$995,588
$1,021,292
$979,348
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$917
JUN
$1,029,375
JUL AUG
MEDIAN SALES PRICE
SEP
$500
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.029 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Ladera Ranch DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$885,000
$780,000
$790,000
$885,000
0.0%
Average Price per Square Foot ...........................
$333
$330
$338
$350
5.1%
Properties Sold .......................................................
24
15
12
37
54.2%
Properties Pending Sale .......................................
39
28
27
30
-23.1%
Properties For Sale ................................................
145
104
114
132
-9.0%
Days on Market (Pending Sale) ...........................
75
71
58
54
-28.0%
Month’s Supply of Inventory ................................
6
6.9
9.5
3.6
-41.0%
Percent Under Contract ........................................
26.9%
26.9%
23.7%
22.7%
-15.5%
Average Median Price for Last 12 Months ........
$862,618
$825,492
$851,667
$852,638
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$885
JUN
$885,000
JUL AUG
MEDIAN SALES PRICE
SEP
$350
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 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 2016
telesproperties.com
Laguna Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,351,000
$2,507,500
$2,100,000
$1,995,000
-15.1%
Average Price per Square Foot ...........................
$1,125
$1,139
$2,188
$1,172
4.2%
Properties Sold .......................................................
33
17
16
35
6.1%
Properties Pending Sale .......................................
28
29
28
30
7.1%
Properties For Sale ................................................
270
229
212
284
5.2%
Days on Market (Pending Sale) ...........................
70
107
106
128
82.9%
Month’s Supply of Inventory ................................
8.2
13.5
13.2
8.1
-0.8%
Percent Under Contract ........................................
10.4%
12.7%
13.2%
10.6%
1.9%
Average Median Price for Last 12 Months ........
$1,897,490
$2,019,833
$2,021,667
$2,011,892
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.351
JUN
$1,995,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,172
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.995 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 2016
telesproperties.com
Laguna Niguel DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$909,000
$917,500
$815,000
$875,000
-3.7%
Average Price per Square Foot ...........................
$402
$417
$428
$429
6.7%
Properties Sold .......................................................
64
48
38
65
1.6%
Properties Pending Sale .......................................
64
41
67
50
-21.9%
Properties For Sale ................................................
295
205
228
276
-6.4%
Days on Market (Pending Sale) ...........................
77
63
57
58
-24.7%
Month’s Supply of Inventory ................................
4.6
4.3
6
4.2
-7.9%
Percent Under Contract ........................................
21.7%
20.0%
29.4%
18.1%
-16.5%
Average Median Price for Last 12 Months ........
$822,083
$850,667
$893,333
$860,558
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$909
JUN
$875,000
JUL AUG
MEDIAN SALES PRICE
SEP
$429
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 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 2016
telesproperties.com
Laguna Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$855,000
$660,000
$710,000
$817,000
-4.4%
Average Price per Square Foot ...........................
$355
$331
$344
$372
4.8%
Properties Sold .......................................................
14
21
13
28
100.0%
Properties Pending Sale .......................................
21
27
27
30
42.9%
Properties For Sale ................................................
115
111
114
127
10.4%
Days on Market (Pending Sale) ...........................
39
77
100
79
102.6%
Month’s Supply of Inventory ................................
8.2
5.3
8.8
4.5
-44.8%
Percent Under Contract ........................................
18.3%
24.3%
23.7%
23.6%
29.4%
Average Median Price for Last 12 Months ........
$770,646
$766,167
$793,167
$797,614
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$855
JUN
$817,000
JUL AUG
MEDIAN SALES PRICE
SEP
$372
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Laguna Woods DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$0
$0
$0
$910,000
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$478
n/a
Properties Sold .......................................................
0
0
0
1
n/a
Properties Pending Sale .......................................
1
0
1
0
-100.0%
Properties For Sale ................................................
1
0
2
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
9
24
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
0
n/a
Percent Under Contract ........................................
100.0%
n/a
50.0%
n/a
n/a
Average Median Price for Last 12 Months ........
$0
$779,500
$779,500
$810,500
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY JUN
$910,000
JUL AUG
MEDIAN SALES PRICE
SEP
$478
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,525,000
$4,575,000
$2,665,000
$2,800,000
10.9%
Average Price per Square Foot ...........................
$984
$1,321
$1,174
$1,294
31.5%
Properties Sold .......................................................
8
3
5
4
-50.0%
Properties Pending Sale .......................................
6
2
7
6
0.0%
Properties For Sale ................................................
36
26
27
32
-11.1%
Days on Market (Pending Sale) ...........................
108
143
196
57
-47.2%
Month’s Supply of Inventory ................................
4.5
8.7
5.4
8
77.8%
Percent Under Contract ........................................
16.7%
7.7%
25.9%
18.8%
12.5%
Average Median Price for Last 12 Months ........
$3,112,824
$2,854,583
$2,703,333
$3,303,154
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.525
JUN
$2,800,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,294
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.800 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 2016
telesproperties.com
Mission Viejo DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$685,000
$650,000
$670,000
$680,000
-0.7%
Average Price per Square Foot ...........................
$337
$352
$344
$354
5.0%
Properties Sold .......................................................
119
69
53
117
-1.7%
Properties Pending Sale .......................................
128
76
90
111
-13.3%
Properties For Sale ................................................
328
254
227
314
-4.3%
Days on Market (Pending Sale) ...........................
40
53
62
39
-2.5%
Month’s Supply of Inventory ................................
2.8
3.7
4.3
2.7
-2.6%
Percent Under Contract ........................................
39.0%
29.9%
39.6%
35.4%
-9.4%
Average Median Price for Last 12 Months ........
$642,700
$668,833
$665,333
$669,742
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$685
JUN
$680,000
JUL AUG
MEDIAN SALES PRICE
SEP
$354
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 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 2016
telesproperties.com
Monarch Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,300,000
$1,610,000
$1,728,125
$1,245,000
-4.2%
Average Price per Square Foot ...........................
$683
$1,047
$809
$664
-2.8%
Properties Sold .......................................................
15
8
7
11
-26.7%
Properties Pending Sale .......................................
12
8
14
18
50.0%
Properties For Sale ................................................
77
72
78
93
20.8%
Days on Market (Pending Sale) ...........................
56
91
104
128
128.6%
Month’s Supply of Inventory ................................
5.1
9
11.1
8.5
64.7%
Percent Under Contract ........................................
15.6%
11.1%
17.9%
19.4%
24.2%
Average Median Price for Last 12 Months ........
$1,425,313
$1,614,771
$1,645,000
$1,679,779
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.300
JUN
$1,245,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.245 M E 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 2016
telesproperties.com
Nelle Gail DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$855,000
$660,000
$710,000
$817,000
-4.4%
Average Price per Square Foot ...........................
$355
$331
$344
$372
4.8%
Properties Sold .......................................................
14
21
13
28
100.0%
Properties Pending Sale .......................................
20
27
27
29
45.0%
Properties For Sale ................................................
115
111
111
121
5.2%
Days on Market (Pending Sale) ...........................
42
77
100
81
92.9%
Month’s Supply of Inventory ................................
8.2
5.3
8.5
4.3
-47.4%
Percent Under Contract ........................................
17.4%
24.3%
24.3%
24.0%
37.8%
Average Median Price for Last 12 Months ........
$788,300
$769,083
$793,167
$803,192
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$855
JUN
$817,000
JUL AUG
MEDIAN SALES PRICE
SEP
$372
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Newport Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,165,000
$1,775,000
$2,075,000
$1,985,300
-8.3%
Average Price per Square Foot ...........................
$911
$836
$865
$1,005
10.3%
Properties Sold .......................................................
53
41
35
47
-11.3%
Properties Pending Sale .......................................
61
42
49
57
-6.6%
Properties For Sale ................................................
343
281
274
394
14.9%
Days on Market (Pending Sale) ...........................
79
74
88
70
-11.4%
Month’s Supply of Inventory ................................
6.5
6.9
7.8
8.4
29.5%
Percent Under Contract ........................................
17.8%
14.9%
17.9%
14.5%
-18.7%
Average Median Price for Last 12 Months ........
$1,826,359
$1,966,717
$1,926,767
$1,952,427
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.165
JUN
$1,985,300
JUL AUG
MEDIAN SALES PRICE
SEP
$1,005
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Newport Coast DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$3,025,000
$2,100,000
$2,700,000
$2,450,000
-19.0%
Average Price per Square Foot ...........................
$878
$747
$1,028
$898
2.3%
Properties Sold .......................................................
14
6
7
11
-21.4%
Properties Pending Sale .......................................
14
9
13
18
28.6%
Properties For Sale ................................................
84
94
95
118
40.5%
Days on Market (Pending Sale) ...........................
108
69
91
60
-44.4%
Month’s Supply of Inventory ................................
6
15.7
13.6
10.7
78.8%
Percent Under Contract ........................................
16.7%
9.6%
13.7%
15.3%
-8.5%
Average Median Price for Last 12 Months ........
$3,268,902
$2,795,417
$2,277,500
$2,999,582
-8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$3.025
JUN
$2,450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$898
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.450 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 2016
telesproperties.com
Newport Heights DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,202,500
$1,355,000
$1,655,000
$0
-100.0%
Average Price per Square Foot ...........................
$697
$765
$690
$0
-100.0%
Properties Sold .......................................................
4
6
3
0
-100.0%
Properties Pending Sale .......................................
8
3
3
7
-12.5%
Properties For Sale ................................................
38
25
24
50
31.6%
Days on Market (Pending Sale) ...........................
77
61
89
50
-35.1%
Month’s Supply of Inventory ................................
9.5
4.2
8
n/a
n/a
Percent Under Contract ........................................
21.1%
12.0%
12.5%
14.0%
-33.5%
Average Median Price for Last 12 Months ........
$1,817,091
$1,502,400
$1,372,250
$1,545,792
-14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.202
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
n/a 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 2016
telesproperties.com
Rancho Santa Margarita DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$662,500
$729,000
$705,000
$707,500
6.8%
Average Price per Square Foot ...........................
$328
$317
$321
$341
4.0%
Properties Sold .......................................................
58
33
24
52
-10.3%
Properties Pending Sale .......................................
61
41
38
58
-4.9%
Properties For Sale ................................................
159
129
96
155
-2.5%
Days on Market (Pending Sale) ...........................
64
78
45
43
-32.8%
Month’s Supply of Inventory ................................
2.7
3.9
4
3
8.7%
Percent Under Contract ........................................
38.4%
31.8%
39.6%
37.4%
-2.5%
Average Median Price for Last 12 Months ........
$653,757
$716,042
$712,500
$699,442
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$662
JUN
$707,500
JUL AUG
MEDIAN SALES PRICE
SEP
$341
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$707 M E 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 2016
telesproperties.com
San Clemente DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$899,500
$1,062,500
$959,000
$935,000
3.9%
Average Price per Square Foot ...........................
$410
$379
$372
$421
2.7%
Properties Sold .......................................................
82
48
40
83
1.2%
Properties Pending Sale .......................................
78
56
51
78
0.0%
Properties For Sale ................................................
278
282
262
369
32.7%
Days on Market (Pending Sale) ...........................
77
79
75
73
-5.2%
Month’s Supply of Inventory ................................
3.4
5.9
6.6
4.4
31.1%
Percent Under Contract ........................................
28.1%
19.9%
19.5%
21.1%
-24.7%
Average Median Price for Last 12 Months ........
$841,979
$912,739
$908,333
$916,557
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$899
JUN
$935,000
JUL AUG
MEDIAN SALES PRICE
SEP
$421
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 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 2016
telesproperties.com
San Juan Capistrano DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,175,000
$1,147,500
$885,414
$786,250
-33.1%
Average Price per Square Foot ...........................
$333
$349
$353
$354
6.3%
Properties Sold .......................................................
34
16
25
32
-5.9%
Properties Pending Sale .......................................
32
21
26
40
25.0%
Properties For Sale ................................................
142
145
132
187
31.7%
Days on Market (Pending Sale) ...........................
100
131
98
68
-32.0%
Month’s Supply of Inventory ................................
4.2
9.1
5.3
5.8
39.9%
Percent Under Contract ........................................
22.5%
14.5%
19.7%
21.4%
-5.1%
Average Median Price for Last 12 Months ........
$782,595
$957,544
$876,116
$960,059
22.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.175
MAY JUN
$786,250
JUL AUG
MEDIAN SALES PRICE
SEP
$354
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$786 M E 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 2016
telesproperties.com
Shady Canyon DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
1
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
0.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$2,700,000
n/a
n/a
$6,000,000
122.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
n/a 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 2016
telesproperties.com
Turtle Ridge DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,850,000
$0
$2,390,000
$2,625,000
41.9%
Average Price per Square Foot ...........................
$599
$0
$638
$807
34.7%
Properties Sold .......................................................
4
0
4
2
-50.0%
Properties Pending Sale .......................................
2
3
4
4
100.0%
Properties For Sale ................................................
25
14
17
20
-20.0%
Days on Market (Pending Sale) ...........................
46
108
136
100
117.4%
Month’s Supply of Inventory ................................
6.2
n/a
4.2
10
60.0%
Percent Under Contract ........................................
8.0%
21.4%
23.5%
20.0%
150.0%
Average Median Price for Last 12 Months ........
$2,270,704
$2,925,000
$3,227,500
$2,531,364
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.850
JUN
$2,625,000
JUL AUG
MEDIAN SALES PRICE
SEP
$807
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Turtle Rock DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,135,500
$1,025,000
$0
$1,700,000
49.7%
Average Price per Square Foot ...........................
$652
$451
$0
$
%
Properties Sold .......................................................
1
1
0
1
0.0%
Properties Pending Sale .......................................
3
1
1
0
-100.0%
Properties For Sale ................................................
11
3
2
1
-90.9%
Days on Market (Pending Sale) ...........................
136
74
132
110
-19.1%
Month’s Supply of Inventory ................................
11
3
n/a
1
-90.9%
Percent Under Contract ........................................
27.3%
33.3%
50.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,235,607
$1,397,500
$1,397,500
$1,310,656
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.135
JUN
$1,700,000
JUL AUG
MEDIAN SALES PRICE
SEP
$
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Westminster DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$537,750
$560,000
$560,000
$615,000
14.4%
Average Price per Square Foot ...........................
$335
$357
$342
$363
8.4%
Properties Sold .......................................................
33
16
27
40
21.2%
Properties Pending Sale .......................................
40
44
19
29
-27.5%
Properties For Sale ................................................
106
109
71
84
-20.8%
Days on Market (Pending Sale) ...........................
50
50
70
42
-16.0%
Month’s Supply of Inventory ................................
3.2
6.8
2.6
2.1
-34.6%
Percent Under Contract ........................................
37.7%
40.4%
26.8%
34.5%
-8.5%
Average Median Price for Last 12 Months ........
$538,583
$576,250
$598,333
$572,150
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$537
JUN
$615,000
JUL AUG
MEDIAN SALES PRICE
SEP
$363
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$615 M E 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 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,600,000
$1,750,000
$1,375,000
$1,520,000
-5.0%
Average Price per Square Foot ...........................
$528
$630
$701
$700
32.6%
Properties Sold .......................................................
13
15
6
11
-15.4%
Properties Pending Sale .......................................
15
10
11
12
-20.0%
Properties For Sale ................................................
70
65
51
78
11.4%
Days on Market (Pending Sale) ...........................
63
52
76
125
98.4%
Month’s Supply of Inventory ................................
5.4
4.3
8.5
7.1
31.7%
Percent Under Contract ........................................
21.4%
15.4%
21.6%
15.4%
-28.2%
Average Median Price for Last 12 Months ........
$1,523,191
$1,614,750
$1,680,333
$1,619,923
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.600
JUN
$1,520,000
JUL AUG
MEDIAN SALES PRICE
SEP
$700
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.520 M E 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 2016
telesproperties.com
West Newport - Lido DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,325,000
$2,375,000
$2,075,000
$3,100,000
33.3%
Average Price per Square Foot ...........................
$1,431
$1,222
$1,185
$1,568
9.6%
Properties Sold .......................................................
7
10
5
5
-28.6%
Properties Pending Sale .......................................
12
6
4
9
-25.0%
Properties For Sale ................................................
54
41
47
65
20.4%
Days on Market (Pending Sale) ...........................
51
57
132
73
43.1%
Month’s Supply of Inventory ................................
7.7
4.1
9.4
13
68.5%
Percent Under Contract ........................................
22.2%
14.6%
8.5%
13.8%
-37.7%
Average Median Price for Last 12 Months ........
$2,076,000
$2,263,000
$2,213,500
$2,366,962
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.325
JUN
$3,100,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,568
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : May 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : May 2016
telesproperties.com
Carpinteria DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$994,000
$1,362,000
$1,779,423
$1,249,500
25.7%
Average Price per Square Foot ...........................
$1,076
$1,717
$925
$1,511
40.4%
Properties Sold .......................................................
9
4
1
9
0.0%
Properties Pending Sale .......................................
8
6
6
8
0.0%
Properties For Sale ................................................
34
26
24
37
8.8%
Days on Market (Pending Sale) ...........................
66
32
54
124
87.9%
Month’s Supply of Inventory ................................
3.8
6.5
24
4.1
8.8%
Percent Under Contract ........................................
23.5%
23.1%
25.0%
21.6%
-8.1%
Average Median Price for Last 12 Months ........
$1,218,125
$1,055,404
$1,005,167
$1,032,488
-15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$994
JUN
$1,249,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,511
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.249 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Goleta DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$862,500
$782,500
$819,500
$852,000
-1.2%
Average Price per Square Foot ...........................
$425
$421
$514
$462
8.7%
Properties Sold .......................................................
16
10
2
13
-18.8%
Properties Pending Sale .......................................
14
7
8
15
7.1%
Properties For Sale ................................................
34
25
32
38
11.8%
Days on Market (Pending Sale) ...........................
22
67
29
37
68.2%
Month’s Supply of Inventory ................................
2.1
2.5
16
2.9
37.6%
Percent Under Contract ........................................
41.2%
28.0%
25.0%
39.5%
-4.1%
Average Median Price for Last 12 Months ........
$779,563
$810,004
$838,342
$814,095
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$862
JUN
$852,000
JUL AUG
MEDIAN SALES PRICE
SEP
$462
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$852 M E 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 2016
telesproperties.com
Hope Ranch DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,500,000
$2,418,500
$5,910,000
$2,200,000
-12.0%
Average Price per Square Foot ...........................
$725
$932
$774
$804
10.9%
Properties Sold .......................................................
3
1
2
3
0.0%
Properties Pending Sale .......................................
1
1
0
2
100.0%
Properties For Sale ................................................
20
15
29
30
50.0%
Days on Market (Pending Sale) ...........................
16
9
0
98
512.5%
Month’s Supply of Inventory ................................
6.7
15
14.5
10
50.0%
Percent Under Contract ........................................
5.0%
6.7%
0.0%
6.7%
33.3%
Average Median Price for Last 12 Months ........
$2,787,875
$4,069,000
$4,022,500
$3,967,465
42.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$2.500
JUN
$2,200,000
JUL AUG
MEDIAN SALES PRICE
SEP
$804
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.200 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 2016
telesproperties.com
Montecito DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$4,395,000
$2,880,000
$4,650,000
$2,500,000
-43.1%
Average Price per Square Foot ...........................
$954
$986
$1,673
$1,027
7.7%
Properties Sold .......................................................
21
9
15
19
-9.5%
Properties Pending Sale .......................................
14
24
17
21
50.0%
Properties For Sale ................................................
158
162
149
188
19.0%
Days on Market (Pending Sale) ...........................
91
86
117
117
28.6%
Month’s Supply of Inventory ................................
7.5
18
9.9
9.9
31.5%
Percent Under Contract ........................................
8.9%
14.8%
11.4%
11.2%
26.1%
Average Median Price for Last 12 Months ........
$3,459,859
$3,239,167
$2,820,833
$3,074,615
-11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.395
MAY JUN
$2,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,027
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.9 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 2016
telesproperties.com
Santa Barbara East of State DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,691,500
$1,432,500
$1,160,000
$1,222,500
-27.7%
Average Price per Square Foot ...........................
$713
$768
$802
$735
3.1%
Properties Sold .......................................................
38
14
10
32
-15.8%
Properties Pending Sale .......................................
38
21
37
37
-2.6%
Properties For Sale ................................................
152
120
137
147
-3.3%
Days on Market (Pending Sale) ...........................
42
98
55
34
-19.0%
Month’s Supply of Inventory ................................
4
8.6
13.7
4.6
14.8%
Percent Under Contract ........................................
25.0%
17.5%
27.0%
25.2%
0.7%
Average Median Price for Last 12 Months ........
$1,228,354
$1,384,125
$1,261,583
$1,301,192
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.691
MAY JUN
$1,222,500
JUL AUG
MEDIAN SALES PRICE
SEP
$735
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.222 M E 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 2016
telesproperties.com
Santa Barbara West of State DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,045,000
$979,500
$1,174,000
$1,045,000
0.0%
Average Price per Square Foot ...........................
$663
$645
$683
$695
4.8%
Properties Sold .......................................................
31
16
18
17
-45.2%
Properties Pending Sale .......................................
31
17
15
16
-48.4%
Properties For Sale ................................................
68
69
55
84
23.5%
Days on Market (Pending Sale) ...........................
25
44
48
40
60.0%
Month’s Supply of Inventory ................................
2.2
4.3
3.1
4.9
125.3%
Percent Under Contract ........................................
45.6%
24.6%
27.3%
19.0%
-58.2%
Average Median Price for Last 12 Months ........
$1,009,417
$1,069,638
$1,003,917
$1,081,333
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.045
JUN
$1,045,000
JUL AUG
MEDIAN SALES PRICE
SEP
$695
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 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 2016
telesproperties.com
Santa Ynez DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$897,000
$641,500
$690,000
$840,000
-6.4%
Average Price per Square Foot ...........................
$421
$316
$466
$439
4.3%
Properties Sold .......................................................
18
16
10
15
-16.7%
Properties Pending Sale .......................................
10
11
14
15
50.0%
Properties For Sale ................................................
99
129
127
161
62.6%
Days on Market (Pending Sale) ...........................
99
202
138
112
13.1%
Month’s Supply of Inventory ................................
5.5
8.1
12.7
10.7
95.2%
Percent Under Contract ........................................
10.1%
8.5%
11.0%
9.3%
-7.8%
Average Median Price for Last 12 Months ........
$767,417
$733,167
$775,000
$759,904
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$897
JUN
$840,000
JUL AUG
MEDIAN SALES PRICE
SEP
$439
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$840 M E 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 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : May 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : May 2016
telesproperties.com
Carmel DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,411,000
$1,907,500
$1,300,000
$1,400,000
-0.8%
Average Price per Square Foot ...........................
$712
$756
$701
$691
-2.9%
Properties Sold .......................................................
24
18
15
16
-33.3%
Properties Pending Sale .......................................
27
29
15
23
-14.8%
Properties For Sale ................................................
152
157
131
165
8.6%
Days on Market (Pending Sale) ...........................
39
101
103
50
28.2%
Month’s Supply of Inventory ................................
6.3
8.7
8.7
10.3
62.8%
Percent Under Contract ........................................
17.8%
18.5%
11.5%
13.9%
-21.5%
Average Median Price for Last 12 Months ........
$1,425,721
$1,433,333
$1,415,833
$1,382,462
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.411
JUN
$1,400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$691
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.3 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 2016
telesproperties.com
Carmel Valley DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,030,000
$920,000
$1,050,000
$1,060,000
2.9%
Average Price per Square Foot ...........................
$460
$444
$541
$471
2.4%
Properties Sold .......................................................
12
5
5
9
-25.0%
Properties Pending Sale .......................................
15
6
7
20
33.3%
Properties For Sale ................................................
73
67
58
77
5.5%
Days on Market (Pending Sale) ...........................
67
84
189
71
6.0%
Month’s Supply of Inventory ................................
6.1
13.4
11.6
8.6
40.6%
Percent Under Contract ........................................
20.5%
9.0%
12.1%
26.0%
26.4%
Average Median Price for Last 12 Months ........
$912,833
$917,750
$1,003,333
$909,427
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.030
JUN
$1,060,000
JUL AUG
MEDIAN SALES PRICE
SEP
$471
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.060 M E 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 2016
telesproperties.com
Marina DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$450,000
$459,000
$500,000
$501,000
11.3%
Average Price per Square Foot ...........................
$262
$290
$260
$336
28.2%
Properties Sold .......................................................
11
13
7
11
0.0%
Properties Pending Sale .......................................
10
8
10
13
30.0%
Properties For Sale ................................................
21
25
27
26
23.8%
Days on Market (Pending Sale) ...........................
59
31
45
52
-11.9%
Month’s Supply of Inventory ................................
1.9
1.9
3.9
2.4
23.8%
Percent Under Contract ........................................
47.6%
32.0%
37.0%
50.0%
5.0%
Average Median Price for Last 12 Months ........
$433,254
$471,667
$469,500
$461,573
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$450
JUN
$501,000
JUL AUG
MEDIAN SALES PRICE
SEP
$336
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$501 M E 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 2016
telesproperties.com
Monterey DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$725,000
$657,500
$676,750
$850,000
17.2%
Average Price per Square Foot ...........................
$417
$440
$399
$455
9.1%
Properties Sold .......................................................
19
22
18
19
0.0%
Properties Pending Sale .......................................
17
20
19
13
-23.5%
Properties For Sale ................................................
91
93
85
86
-5.5%
Days on Market (Pending Sale) ...........................
45
68
64
31
-31.1%
Month’s Supply of Inventory ................................
4.8
4.2
4.7
4.5
-5.5%
Percent Under Contract ........................................
18.7%
21.5%
22.4%
15.1%
-19.1%
Average Median Price for Last 12 Months ........
$682,629
$730,875
$773,833
$719,404
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$725
JUN
$850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$455
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 2016
telesproperties.com
Pacific Grove DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$845,000
$912,500
$820,000
$1,064,500
26.0%
Average Price per Square Foot ...........................
$589
$633
$590
$615
4.4%
Properties Sold .......................................................
21
10
8
18
-14.3%
Properties Pending Sale .......................................
23
11
8
20
-13.0%
Properties For Sale ................................................
57
58
58
61
7.0%
Days on Market (Pending Sale) ...........................
35
70
41
70
100.0%
Month’s Supply of Inventory ................................
2.7
5.8
7.2
3.4
24.9%
Percent Under Contract ........................................
40.4%
19.0%
13.8%
32.8%
-18.7%
Average Median Price for Last 12 Months ........
$765,833
$859,000
$882,167
$832,692
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$845
JUN
$1,064,500
JUL AUG
MEDIAN SALES PRICE
SEP
$615
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.064 M E 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 2016
telesproperties.com
Pebble Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$2,606,000
$1,256,000
$1,525,000
$1,550,000
-40.5%
Average Price per Square Foot ...........................
$971
$574
$706
$742
-23.6%
Properties Sold .......................................................
11
9
9
9
-18.2%
Properties Pending Sale .......................................
11
7
18
14
27.3%
Properties For Sale ................................................
80
84
88
87
8.8%
Days on Market (Pending Sale) ...........................
70
116
95
154
120.0%
Month’s Supply of Inventory ................................
7.3
9.3
9.8
9.7
32.9%
Percent Under Contract ........................................
13.8%
8.3%
20.5%
16.1%
17.0%
Average Median Price for Last 12 Months ........
$1,555,854
$1,484,583
$1,519,167
$1,572,846
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.606
MAY JUN
$1,550,000
JUL AUG
MEDIAN SALES PRICE
SEP
$742
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.7 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 2016
telesproperties.com
Salinas DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$411,675
$415,000
$403,000
$470,000
14.2%
Average Price per Square Foot ...........................
$264
$285
$266
$275
4.2%
Properties Sold .......................................................
64
52
53
65
1.6%
Properties Pending Sale .......................................
69
60
62
89
29.0%
Properties For Sale ................................................
208
191
177
223
7.2%
Days on Market (Pending Sale) ...........................
42
55
62
42
0.0%
Month’s Supply of Inventory ................................
3.2
3.7
3.3
3.4
5.6%
Percent Under Contract ........................................
33.2%
31.4%
35.0%
39.9%
20.3%
Average Median Price for Last 12 Months ........
$401,156
$433,750
$452,333
$422,740
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$411
JUN
$470,000
JUL AUG
MEDIAN SALES PRICE
SEP
$275
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 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 2016
telesproperties.com
Seaside DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$410,000
$438,750
$500,000
$450,345
9.8%
Average Price per Square Foot ...........................
$330
$369
$391
$356
7.9%
Properties Sold .......................................................
12
10
11
8
-33.3%
Properties Pending Sale .......................................
16
12
14
21
31.2%
Properties For Sale ................................................
35
37
38
50
42.9%
Days on Market (Pending Sale) ...........................
28
30
55
33
17.9%
Month’s Supply of Inventory ................................
2.9
3.7
3.5
6.2
114.3%
Percent Under Contract ........................................
45.7%
32.4%
36.8%
42.0%
-8.1%
Average Median Price for Last 12 Months ........
$360,690
$455,474
$427,948
$435,930
20.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$410
JUN
$450,345
JUL AUG
MEDIAN SALES PRICE
SEP
$356
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 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 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : May 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : May 2016
telesproperties.com
San Diego County DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$525,000
$535,000
$526,000
$568,500
8.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2263
1439
1385
2272
0.4%
Properties Pending Sale .......................................
2376
1856
2191
2628
10.6%
Properties For Sale ................................................
8,707
7,318
7,157
8,197
-5.9%
Days on Market (Pending Sale) ...........................
43
49
42
37
-14.0%
Month’s Supply of Inventory ................................
3.8
5.1
5.2
3.6
-6.2%
Percent Under Contract ........................................
27.3%
25.4%
30.6%
32.1%
17.5%
Average Median Price for Last 12 Months ........
$504,417
$546,375
$560,333
$539,808
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$525
JUN
$568,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$568 M E 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 2016
telesproperties.com
Carlsbad DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$820,000
$817,000
$807,777
$930,000
13.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
113
61
49
121
7.1%
Properties Pending Sale .......................................
125
81
92
114
-8.8%
Properties For Sale ................................................
426
310
300
344
-19.2%
Days on Market (Pending Sale) ...........................
31
41
36
29
-6.5%
Month’s Supply of Inventory ................................
3.8
5.1
6.1
2.8
-24.6%
Percent Under Contract ........................................
29.3%
26.1%
30.7%
33.1%
12.9%
Average Median Price for Last 12 Months ........
$798,663
$846,380
$862,667
$840,900
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$820
JUN
$930,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Carmel Valley DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,244,500
$1,042,500
$1,080,000
$1,122,000
-9.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
39
28
21
50
28.2%
Properties Pending Sale .......................................
52
29
54
73
40.4%
Properties For Sale ................................................
208
179
185
223
7.2%
Days on Market (Pending Sale) ...........................
36
75
44
36
0.0%
Month’s Supply of Inventory ................................
5.3
6.4
8.8
4.5
-16.4%
Percent Under Contract ........................................
25.0%
16.2%
29.2%
32.7%
30.9%
Average Median Price for Last 12 Months ........
$1,130,208
$1,115,657
$1,140,333
$1,134,496
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.244
JUN
$1,122,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.122 M E 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 2016
telesproperties.com
Chula Vista DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$459,500
$488,000
$495,000
$490,000
6.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
159
120
117
190
19.5%
Properties Pending Sale .......................................
166
151
175
196
18.1%
Properties For Sale ................................................
578
516
485
476
-17.6%
Days on Market (Pending Sale) ...........................
45
44
42
32
-28.9%
Month’s Supply of Inventory ................................
3.6
4.3
4.1
2.5
-31.1%
Percent Under Contract ........................................
28.7%
29.3%
36.1%
41.2%
43.4%
Average Median Price for Last 12 Months ........
$454,004
$496,083
$504,833
$490,060
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$459
JUN
$490,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Coronado DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,968,000
$1,670,000
$1,415,000
$1,835,000
-6.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
21
8
9
20
-4.8%
Properties Pending Sale .......................................
15
12
10
17
13.3%
Properties For Sale ................................................
116
123
127
123
6.0%
Days on Market (Pending Sale) ...........................
78
108
55
41
-47.4%
Month’s Supply of Inventory ................................
5.5
15.4
14.1
6.2
11.3%
Percent Under Contract ........................................
12.9%
9.8%
7.9%
13.8%
6.9%
Average Median Price for Last 12 Months ........
$1,642,833
$1,664,873
$1,649,746
$1,721,195
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.968
JUN
$1,835,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Del Mar DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,660,750
$1,590,000
$2,700,000
$1,750,000
5.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
18
12
11
17
-5.6%
Properties Pending Sale .......................................
17
9
9
20
17.6%
Properties For Sale ................................................
86
75
83
104
20.9%
Days on Market (Pending Sale) ...........................
64
41
51
212
231.2%
Month’s Supply of Inventory ................................
4.8
6.2
7.5
6.1
28.0%
Percent Under Contract ........................................
19.8%
12.0%
10.8%
19.2%
-2.7%
Average Median Price for Last 12 Months ........
$1,549,329
$1,871,875
$1,685,333
$1,860,587
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.660
JUN
$1,750,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.1 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 2016
telesproperties.com
El Cajon DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$458,000
$440,000
$447,500
$491,500
7.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
103
79
70
106
2.9%
Properties Pending Sale .......................................
115
77
100
128
11.3%
Properties For Sale ................................................
379
331
377
369
-2.6%
Days on Market (Pending Sale) ...........................
33
43
39
31
-6.1%
Month’s Supply of Inventory ................................
3.7
4.2
5.4
3.5
-5.4%
Percent Under Contract ........................................
30.3%
23.3%
26.5%
34.7%
14.3%
Average Median Price for Last 12 Months ........
$431,457
$458,958
$464,167
$457,592
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$458
JUN
$491,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$491 M E 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 2016
telesproperties.com
Encinitas DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,350,000
$1,167,000
$1,132,500
$1,316,000
-2.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
43
28
26
47
9.3%
Properties Pending Sale .......................................
39
28
25
58
48.7%
Properties For Sale ................................................
167
145
123
198
18.6%
Days on Market (Pending Sale) ...........................
47
55
34
34
-27.7%
Month’s Supply of Inventory ................................
3.9
5.2
4.7
4.2
8.5%
Percent Under Contract ........................................
23.4%
19.3%
20.3%
29.3%
25.4%
Average Median Price for Last 12 Months ........
$1,035,057
$1,080,833
$1,056,833
$1,096,677
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.350
JUN
$1,316,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.316 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Escondido DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$465,000
$465,000
$506,000
$489,107
5.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
157
89
92
166
5.7%
Properties Pending Sale .......................................
145
113
123
162
11.7%
Properties For Sale ................................................
597
494
440
533
-10.7%
Days on Market (Pending Sale) ...........................
52
47
50
37
-28.8%
Month’s Supply of Inventory ................................
3.8
5.6
4.8
3.2
-15.6%
Percent Under Contract ........................................
24.3%
22.9%
28.0%
30.4%
25.1%
Average Median Price for Last 12 Months ........
$440,246
$487,851
$501,202
$472,931
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$465
JUN
$489,107
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$489 M E 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 2016
telesproperties.com
Imperial-Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$412,500
$473,500
$476,500
$421,250
2.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
10
10
12
0.0%
Properties Pending Sale .......................................
12
8
10
8
-33.3%
Properties For Sale ................................................
31
19
22
24
-22.6%
Days on Market (Pending Sale) ...........................
24
38
59
49
104.2%
Month’s Supply of Inventory ................................
2.6
1.9
2.2
2
-22.6%
Percent Under Contract ........................................
38.7%
42.1%
45.5%
33.3%
-13.9%
Average Median Price for Last 12 Months ........
$426,090
$444,708
$442,583
$444,192
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$412
JUN
$421,250
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$421 M E 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 2016
telesproperties.com
La Jolla DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,800,000
$1,975,000
$1,752,000
$2,350,000
30.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
39
32
18
34
-12.8%
Properties Pending Sale .......................................
29
30
26
34
17.2%
Properties For Sale ................................................
246
255
242
263
6.9%
Days on Market (Pending Sale) ...........................
79
74
49
53
-32.9%
Month’s Supply of Inventory ................................
6.3
8
13.4
7.7
22.6%
Percent Under Contract ........................................
11.8%
11.8%
10.7%
12.9%
9.7%
Average Median Price for Last 12 Months ........
$1,713,875
$2,045,000
$2,099,333
$1,928,101
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.800
JUN
$2,350,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
La Mesa DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$480,000
$458,000
$473,000
$490,500
2.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
63
34
35
64
1.6%
Properties Pending Sale .......................................
63
44
63
91
44.4%
Properties For Sale ................................................
193
184
197
217
12.4%
Days on Market (Pending Sale) ...........................
25
44
35
36
44.0%
Month’s Supply of Inventory ................................
3.1
4.2
3.1
3.4
10.7%
Percent Under Contract ........................................
32.6%
23.9%
32.0%
41.9%
28.5%
Average Median Price for Last 12 Months ........
$461,317
$496,292
$510,167
$488,574
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$480
JUN
$490,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Lemon Grove DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$375,000
$403,500
$416,000
$386,500
3.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
19
8
12
22
15.8%
Properties Pending Sale .......................................
23
17
23
36
56.5%
Properties For Sale ................................................
60
54
52
61
1.7%
Days on Market (Pending Sale) ...........................
37
29
49
42
13.5%
Month’s Supply of Inventory ................................
2.6
3.2
2.3
2.8
6.3%
Percent Under Contract ........................................
38.3%
31.5%
44.2%
59.0%
54.0%
Average Median Price for Last 12 Months ........
$361,371
$399,250
$397,167
$386,442
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$375
JUN
$386,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$386 M E 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 2016
telesproperties.com
National City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$335,000
$342,000
$383,500
$347,000
3.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
15
19
16
12
-20.0%
Properties Pending Sale .......................................
19
19
16
17
-10.5%
Properties For Sale ................................................
55
47
50
39
-29.1%
Days on Market (Pending Sale) ...........................
26
47
29
42
61.5%
Month’s Supply of Inventory ................................
2.9
2.5
3.1
3.2
12.3%
Percent Under Contract ........................................
34.5%
40.4%
32.0%
43.6%
26.2%
Average Median Price for Last 12 Months ........
$317,408
$352,500
$345,333
$351,038
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$335
JUN
$347,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$347 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Oceanside DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$460,000
$475,000
$460,000
$510,000
10.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
143
114
93
145
1.4%
Properties Pending Sale .......................................
176
93
151
157
-10.8%
Properties For Sale ................................................
473
378
352
361
-23.7%
Days on Market (Pending Sale) ...........................
41
37
37
30
-26.8%
Month’s Supply of Inventory ................................
3.3
3.3
3.8
2.5
-24.7%
Percent Under Contract ........................................
37.2%
24.6%
42.9%
43.5%
16.9%
Average Median Price for Last 12 Months ........
$910,000
$484,833
$499,167
$479,200
-89.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$460
JUN
$510,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Poway DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$702,500
$679,000
$560,000
$712,500
1.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
42
33
29
50
19.0%
Properties Pending Sale .......................................
52
27
52
60
15.4%
Properties For Sale ................................................
218
182
175
207
-5.0%
Days on Market (Pending Sale) ...........................
31
51
43
36
16.1%
Month’s Supply of Inventory ................................
5.2
5.5
6
4.1
-20.2%
Percent Under Contract ........................................
23.9%
14.8%
29.7%
29.0%
21.5%
Average Median Price for Last 12 Months ........
$628,021
$643,875
$686,500
$649,019
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$702
JUN
$712,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Rancho Bernardo DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$715,500
$737,500
$700,000
$784,000
9.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
120
66
51
99
-17.5%
Properties Pending Sale .......................................
111
81
85
109
-1.8%
Properties For Sale ................................................
388
330
324
415
7.0%
Days on Market (Pending Sale) ...........................
36
51
39
30
-16.7%
Month’s Supply of Inventory ................................
4.2
4.3
5
4.2
-0.8%
Percent Under Contract ........................................
28.6%
24.5%
26.2%
26.3%
-8.2%
Average Median Price for Last 12 Months ........
$712,858
$719,458
$742,500
$721,635
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$715
JUN
$784,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$784 M E 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 2016
telesproperties.com
San Marcos DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$613,250
$612,500
$570,000
$644,500
5.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
88
55
50
82
-6.8%
Properties Pending Sale .......................................
92
56
57
110
19.6%
Properties For Sale ................................................
265
210
212
206
-22.3%
Days on Market (Pending Sale) ...........................
32
38
46
27
-15.6%
Month’s Supply of Inventory ................................
3
3.8
4.2
2.5
-16.6%
Percent Under Contract ........................................
34.7%
26.7%
26.9%
53.4%
53.8%
Average Median Price for Last 12 Months ........
$553,521
$592,683
$618,417
$586,208
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$613
JUN
$644,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$644 M E 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 2016
telesproperties.com
Santee DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$430,000
$469,000
$439,000
$467,500
8.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
35
23
25
52
48.6%
Properties Pending Sale .......................................
33
39
43
49
48.5%
Properties For Sale ................................................
85
91
102
117
37.6%
Days on Market (Pending Sale) ...........................
24
20
34
39
62.5%
Month’s Supply of Inventory ................................
2.4
4
4.1
2.2
-7.4%
Percent Under Contract ........................................
38.8%
42.9%
42.2%
41.9%
7.9%
Average Median Price for Last 12 Months ........
$419,813
$459,008
$467,000
$453,177
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$430
JUN
$467,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$467 M E 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 2016
telesproperties.com
Solana Beach DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,749,000
$1,598,000
$1,367,500
$1,190,000
-32.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
5
5
8
8
60.0%
Properties Pending Sale .......................................
7
10
12
7
0.0%
Properties For Sale ................................................
31
42
41
37
19.4%
Days on Market (Pending Sale) ...........................
66
55
44
36
-45.5%
Month’s Supply of Inventory ................................
6.2
8.4
5.1
4.6
-25.4%
Percent Under Contract ........................................
22.6%
23.8%
29.3%
18.9%
-16.2%
Average Median Price for Last 12 Months ........
$1,575,197
$1,325,250
$1,236,667
$1,394,346
-13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.749
MAY JUN
$1,190,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Vista DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$494,500
$440,000
$465,000
$510,000
3.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
95
55
65
71
-25.3%
Properties Pending Sale .......................................
91
62
60
105
15.4%
Properties For Sale ................................................
329
251
218
298
-9.4%
Days on Market (Pending Sale) ...........................
46
60
43
33
-28.3%
Month’s Supply of Inventory ................................
3.5
4.6
3.4
4.2
21.2%
Percent Under Contract ........................................
27.7%
24.7%
27.5%
35.2%
27.4%
Average Median Price for Last 12 Months ........
$435,908
$481,033
$490,667
$476,018
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$494
JUN
$510,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : May 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : May 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$575,000
$738,188
$719,000
$649,500
13.0%
Average Price per Square Foot ...........................
$501
$490
$556
$565
12.8%
Properties Sold .......................................................
7
4
5
5
-28.6%
Properties Pending Sale .......................................
5
6
7
18
260.0%
Properties For Sale ................................................
25
31
33
44
76.0%
Days on Market (Pending Sale) ...........................
31
48
43
40
29.0%
Month’s Supply of Inventory ................................
3.6
7.8
6.6
8.8
146.4%
Percent Under Contract ........................................
20.0%
19.4%
21.2%
40.9%
104.5%
Average Median Price for Last 12 Months ........
$644,975
$670,500
$642,333
$697,399
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$575
JUN
$649,500
JUL AUG
MEDIAN SALES PRICE
SEP
$565
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Beverly Hills DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,200,000
$1,150,000
$1,235,000
$1,130,000
-5.8%
Average Price per Square Foot ...........................
$678
$665
$712
$681
0.4%
Properties Sold .......................................................
9
5
9
10
11.1%
Properties Pending Sale .......................................
14
11
10
7
-50.0%
Properties For Sale ................................................
53
53
49
57
7.5%
Days on Market (Pending Sale) ...........................
50
76
66
93
86.0%
Month’s Supply of Inventory ................................
5.9
10.6
5.4
5.7
-3.2%
Percent Under Contract ........................................
26.4%
20.8%
20.4%
12.3%
-53.5%
Average Median Price for Last 12 Months ........
$1,078,506
$1,146,500
$1,155,500
$1,182,231
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.200
JUN
$1,130,000
JUL AUG
MEDIAN SALES PRICE
SEP
$681
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.130 M E 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 2016
telesproperties.com
Brentwood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$825,000
$832,500
$962,500
$798,180
-3.3%
Average Price per Square Foot ...........................
$538
$630
$612
$666
23.8%
Properties Sold .......................................................
15
13
17
20
33.3%
Properties Pending Sale .......................................
29
22
18
14
-51.7%
Properties For Sale ................................................
85
80
64
51
-40.0%
Days on Market (Pending Sale) ...........................
30
32
57
33
10.0%
Month’s Supply of Inventory ................................
5.7
6.2
3.8
2.6
-55.0%
Percent Under Contract ........................................
34.1%
27.5%
28.1%
27.5%
-19.5%
Average Median Price for Last 12 Months ........
$724,635
$853,915
$835,331
$810,884
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$825
JUN
$798,180
JUL AUG
MEDIAN SALES PRICE
SEP
$666
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$798 M E 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 2016
telesproperties.com
Culver City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$557,500
$426,000
$425,000
$432,500
-22.4%
Average Price per Square Foot ...........................
$428
$441
$412
$439
2.6%
Properties Sold .......................................................
28
13
11
24
-14.3%
Properties Pending Sale .......................................
24
19
12
20
-16.7%
Properties For Sale ................................................
44
37
30
28
-36.4%
Days on Market (Pending Sale) ...........................
31
17
34
13
-58.1%
Month’s Supply of Inventory ................................
1.6
2.8
2.7
1.2
-25.8%
Percent Under Contract ........................................
54.5%
51.4%
40.0%
71.4%
31.0%
Average Median Price for Last 12 Months ........
$424,375
$443,250
$453,167
$443,692
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $557
MAY JUN
$432,500
JUL AUG
MEDIAN SALES PRICE
SEP
$439
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$432 M E 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 2016
telesproperties.com
Downtown DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$595,000
$537,050
$607,500
$597,500
0.4%
Average Price per Square Foot ...........................
$576
$640
$584
$657
14.1%
Properties Sold .......................................................
43
34
14
42
-2.3%
Properties Pending Sale .......................................
32
34
33
33
3.1%
Properties For Sale ................................................
171
164
167
218
27.5%
Days on Market (Pending Sale) ...........................
56
53
69
42
-25.0%
Month’s Supply of Inventory ................................
4
4.8
11.9
5.2
30.5%
Percent Under Contract ........................................
18.7%
20.7%
19.8%
15.1%
-19.1%
Average Median Price for Last 12 Months ........
$555,646
$588,917
$584,833
$578,888
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$595
JUN
$597,500
JUL AUG
MEDIAN SALES PRICE
SEP
$657
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$597 M E 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 2016
telesproperties.com
Encino DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$313,000
$300,000
$346,000
$310,000
-1.0%
Average Price per Square Foot ...........................
$292
$283
$267
$308
5.5%
Properties Sold .......................................................
12
18
8
14
16.7%
Properties Pending Sale .......................................
21
18
20
11
-47.6%
Properties For Sale ................................................
35
25
17
19
-45.7%
Days on Market (Pending Sale) ...........................
47
57
37
49
4.3%
Month’s Supply of Inventory ................................
2.9
1.4
2.1
1.4
-53.5%
Percent Under Contract ........................................
60.0%
72.0%
117.6%
57.9%
-3.5%
Average Median Price for Last 12 Months ........
$304,417
$334,500
$326,333
$326,231
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$313
JUN
$310,000
JUL AUG
MEDIAN SALES PRICE
SEP
$308
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$310 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Malibu DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$580,000
$0
$756,250
$1,128,500
94.6%
Average Price per Square Foot ...........................
$627
$0
$781
$582
-7.2%
Properties Sold .......................................................
4
0
2
2
-50.0%
Properties Pending Sale .......................................
8
1
4
1
-87.5%
Properties For Sale ................................................
28
16
19
14
-50.0%
Days on Market (Pending Sale) ...........................
122
183
62
1
-99.2%
Month’s Supply of Inventory ................................
7
n/a
9.5
7
0.0%
Percent Under Contract ........................................
28.6%
6.2%
21.1%
7.1%
-75.0%
Average Median Price for Last 12 Months ........
$925,583
$1,225,458
$1,422,833
$919,829
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$580
JUN
$1,128,500
JUL AUG
MEDIAN SALES PRICE
SEP
$582
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.128 M E 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 2016
telesproperties.com
Marina Del Rey DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$860,000
$865,000
$814,000
$862,500
0.3%
Average Price per Square Foot ...........................
$626
$622
$607
$639
2.1%
Properties Sold .......................................................
31
16
21
30
-3.2%
Properties Pending Sale .......................................
32
17
10
27
-15.6%
Properties For Sale ................................................
127
84
76
95
-25.2%
Days on Market (Pending Sale) ...........................
40
39
46
35
-12.5%
Month’s Supply of Inventory ................................
4.1
5.2
3.6
3.2
-22.7%
Percent Under Contract ........................................
25.2%
20.2%
13.2%
28.4%
12.8%
Average Median Price for Last 12 Months ........
$846,313
$830,583
$821,500
$853,708
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$860
JUN
$862,500
JUL AUG
MEDIAN SALES PRICE
SEP
$639
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 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 2016
telesproperties.com
Santa Monica DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,099,000
$1,178,087
$800,000
$1,005,000
-8.6%
Average Price per Square Foot ...........................
$895
$1,108
$846
$992
10.8%
Properties Sold .......................................................
49
23
16
33
-32.7%
Properties Pending Sale .......................................
52
33
25
32
-38.5%
Properties For Sale ................................................
171
102
92
107
-37.4%
Days on Market (Pending Sale) ...........................
46
53
42
35
-23.9%
Month’s Supply of Inventory ................................
3.5
4.4
5.8
3.2
-7.1%
Percent Under Contract ........................................
30.4%
32.4%
27.2%
29.9%
-1.7%
Average Median Price for Last 12 Months ........
$987,325
$898,500
$980,500
$957,411
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.099
JUN
$1,005,000
JUL AUG
MEDIAN SALES PRICE
SEP
$992
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.005 M E 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 2016
telesproperties.com
Sherman Oaks DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$434,000
$435,000
$509,000
$452,000
4.1%
Average Price per Square Foot ...........................
$307
$310
$343
$370
20.5%
Properties Sold .......................................................
19
10
4
21
10.5%
Properties Pending Sale .......................................
34
16
21
20
-41.2%
Properties For Sale ................................................
38
27
35
50
31.6%
Days on Market (Pending Sale) ...........................
67
41
64
45
-32.8%
Month’s Supply of Inventory ................................
2
2.7
8.7
2.4
19.0%
Percent Under Contract ........................................
89.5%
59.3%
60.0%
40.0%
-55.3%
Average Median Price for Last 12 Months ........
$414,167
$457,000
$472,333
$446,615
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$434
JUN
$452,000
JUL AUG
MEDIAN SALES PRICE
SEP
$370
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$452 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Studio City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$523,000
$468,000
$599,000
$454,000
-13.2%
Average Price per Square Foot ...........................
$407
$385
$423
$392
-3.7%
Properties Sold .......................................................
14
7
13
12
-14.3%
Properties Pending Sale .......................................
15
12
10
8
-46.7%
Properties For Sale ................................................
29
27
24
37
27.6%
Days on Market (Pending Sale) ...........................
59
52
69
68
15.3%
Month’s Supply of Inventory ................................
2.1
3.9
1.8
3.1
48.9%
Percent Under Contract ........................................
51.7%
44.4%
41.7%
21.6%
-58.2%
Average Median Price for Last 12 Months ........
$510,167
$540,167
$519,333
$531,077
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$523
JUN
$454,000
JUL AUG
MEDIAN SALES PRICE
SEP
$392
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$454 M E 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 2016
telesproperties.com
Venice DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$1,550,000
$1,647,500
$1,712,500
$1,299,000
-16.2%
Average Price per Square Foot ...........................
$779
$905
$878
$1,036
33.0%
Properties Sold .......................................................
4
2
2
3
-25.0%
Properties Pending Sale .......................................
3
1
4
0
-100.0%
Properties For Sale ................................................
18
14
16
14
-22.2%
Days on Market (Pending Sale) ...........................
230
6
80
0
-100.0%
Month’s Supply of Inventory ................................
4.5
7
8
4.7
3.7%
Percent Under Contract ........................................
16.7%
7.1%
25.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,015,333
$1,368,800
$1,283,833
$1,393,182
37.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$1.550
JUN
$1,299,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,036
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
West Hollywood DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$640,000
$714,000
$746,500
$682,500
6.6%
Average Price per Square Foot ...........................
$632
$719
$681
$610
-3.5%
Properties Sold .......................................................
41
27
18
28
-31.7%
Properties Pending Sale .......................................
45
25
38
29
-35.6%
Properties For Sale ................................................
145
103
122
132
-9.0%
Days on Market (Pending Sale) ...........................
42
36
48
38
-9.5%
Month’s Supply of Inventory ................................
3.5
3.8
6.8
4.7
33.3%
Percent Under Contract ........................................
31.0%
24.3%
31.1%
22.0%
-29.2%
Average Median Price for Last 12 Months ........
$608,503
$656,042
$648,250
$632,288
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$640
JUN
$682,500
JUL AUG
MEDIAN SALES PRICE
SEP
$610
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
West LA DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$675,000
$592,500
$777,000
$760,000
12.6%
Average Price per Square Foot ...........................
$468
$534
$509
$522
11.5%
Properties Sold .......................................................
15
8
12
15
0.0%
Properties Pending Sale .......................................
25
14
5
14
-44.0%
Properties For Sale ................................................
55
46
21
36
-34.5%
Days on Market (Pending Sale) ...........................
27
57
64
41
51.9%
Month’s Supply of Inventory ................................
3.7
5.8
1.8
2.4
-34.5%
Percent Under Contract ........................................
45.5%
30.4%
23.8%
38.9%
-14.4%
Average Median Price for Last 12 Months ........
$610,593
$726,418
$753,333
$711,784
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$675
JUN
$760,000
JUL AUG
MEDIAN SALES PRICE
SEP
$522
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2016
telesproperties.com
Westwood - Century City DATA*
May 2015
6 month
3 month
May 2016
% change
Median Price ..........................................................
$695,000
$792,500
$816,320
$826,700
18.9%
Average Price per Square Foot ...........................
$616
$615
$782
$669
8.6%
Properties Sold .......................................................
40
40
26
43
7.5%
Properties Pending Sale .......................................
68
40
51
54
-20.6%
Properties For Sale ................................................
309
237
244
248
-19.7%
Days on Market (Pending Sale) ...........................
64
66
62
62
-3.1%
Month’s Supply of Inventory ................................
7.7
5.9
9.4
5.8
-25.3%
Percent Under Contract ........................................
22.0%
16.9%
20.9%
21.8%
-1.1%
Average Median Price for Last 12 Months ........
$756,406
$818,337
$820,567
$779,078
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$695
JUN
$826,700
JUL AUG
MEDIAN SALES PRICE
SEP
$669
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$826 M E 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 2016
telesproperties.com
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
May 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, & SAN DIEGO ©2016 Teles Properties, Inc. Teles Properties is a registered trademark.