micro market report luxury real estate market research November 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : November 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : November 2014
telesproperties.com
Los Angeles County DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$837,500
$900,500
$902,500
$720,000
-14.0%
Average Price per Square Foot ...........................
$555
$633
$641
$568
2.3%
Properties Sold .......................................................
640
800
772
460
-28.1%
Properties Pending Sale .......................................
678
885
855
537
-20.8%
Properties For Sale ................................................
3,425
3,817
3,937
2,589
-24.4%
Days on Market (Pending Sale) ...........................
56
44
48
50
-10.7%
Month’s Supply of Inventory ................................
5.4
4.8
5.1
5.6
5.2%
Percent Under Contract ........................................
19.8%
23.2%
21.7%
20.7%
4.8%
Average Median Price for Last 12 Months ........
$736,000
$902,983
$846,667
$887,012
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$837
DEC
$720,000
JAN FEB
MEDIAN SALES PRICE
MAR
$568
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,249,500
$3,408,794
$1,945,500
$1,450,000
-35.5%
Average Price per Square Foot ...........................
$736
$947
$872
$1,188
61.4%
Properties Sold .......................................................
15
15
10
10
-33.3%
Properties Pending Sale .......................................
12
15
14
16
33.3%
Properties For Sale ................................................
121
112
121
123
1.7%
Days on Market (Pending Sale) ...........................
93
59
65
94
1.1%
Month’s Supply of Inventory ................................
8.1
7.5
12.1
12.3
52.5%
Percent Under Contract ........................................
9.9%
13.4%
11.6%
13.0%
31.2%
Average Median Price for Last 12 Months ........
$1,921,000
$2,144,933
$2,188,700
$2,557,800
24.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.249
DEC
$1,450,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,188
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
12.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.450 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 : November 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,607,500
$1,230,000
$1,275,000
$1,499,549
-6.7%
Average Price per Square Foot ...........................
$588
$632
$621
$677
15.1%
Properties Sold .......................................................
8
21
17
16
100.0%
Properties Pending Sale .......................................
13
21
17
11
-15.4%
Properties For Sale ................................................
57
67
71
62
8.8%
Days on Market (Pending Sale) ...........................
51
37
38
23
-54.9%
Month’s Supply of Inventory ................................
7.1
3.2
4.2
3.9
-45.6%
Percent Under Contract ........................................
22.8%
31.3%
23.9%
17.7%
-22.2%
Average Median Price for Last 12 Months ........
$1,158,000
$1,391,383
$1,443,266
$1,349,004
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.607
DEC
$1,499,549
JAN FEB
MEDIAN SALES PRICE
MAR
$677
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.499 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Beverly Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$4,797,500
$6,350,000
$3,082,500
$6,200,000
29.2%
Average Price per Square Foot ...........................
$1,225
$1,456
$1,325
$1,329
8.5%
Properties Sold .......................................................
10
14
14
9
-10.0%
Properties Pending Sale .......................................
12
12
12
7
-41.7%
Properties For Sale ................................................
98
95
97
86
-12.2%
Days on Market (Pending Sale) ...........................
137
51
93
74
-46.0%
Month’s Supply of Inventory ................................
9.8
6.8
6.9
9.6
-2.5%
Percent Under Contract ........................................
12.2%
12.6%
12.4%
8.1%
-33.5%
Average Median Price for Last 12 Months ........
$4,580,000
$3,737,500
$4,499,167
$4,569,069
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$4.797
DEC
$6,200,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,329
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$6.200 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 : November 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,679,000
$2,065,000
$2,370,000
$2,616,500
55.8%
Average Price per Square Foot ...........................
$740
$664
$747
$943
27.4%
Properties Sold .......................................................
12
12
15
10
-16.7%
Properties Pending Sale .......................................
12
18
10
14
16.7%
Properties For Sale ................................................
116
124
131
130
12.1%
Days on Market (Pending Sale) ...........................
64
93
72
83
29.7%
Month’s Supply of Inventory ................................
9.7
10.3
8.7
13
34.5%
Percent Under Contract ........................................
10.3%
14.5%
7.6%
10.8%
4.1%
Average Median Price for Last 12 Months ........
$1,963,000
$2,648,583
$2,993,833
$2,420,231
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.679
DEC
$2,616,500
JAN FEB
MEDIAN SALES PRICE
MAR
$943
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.616 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Beverlywood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$849,000
$865,000
$1,150,000
$801,000
-5.7%
Average Price per Square Foot ...........................
$533
$542
$622
$550
3.2%
Properties Sold .......................................................
14
17
17
8
-42.9%
Properties Pending Sale .......................................
14
21
18
18
28.6%
Properties For Sale ................................................
56
66
65
54
-3.6%
Days on Market (Pending Sale) ...........................
31
27
43
32
3.2%
Month’s Supply of Inventory ................................
4
3.9
3.8
6.8
68.8%
Percent Under Contract ........................................
25.0%
31.8%
27.7%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$827,000
$984,333
$915,500
$972,577
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$849
DEC
$801,000
JAN FEB
MEDIAN SALES PRICE
MAR
$550
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Brentwood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,082,500
$3,166,500
$2,400,000
$2,224,995
6.8%
Average Price per Square Foot ...........................
$780
$1,071
$1,053
$965
23.7%
Properties Sold .......................................................
16
22
20
19
18.8%
Properties Pending Sale .......................................
19
31
20
32
68.4%
Properties For Sale ................................................
104
123
103
110
5.8%
Days on Market (Pending Sale) ...........................
54
52
59
53
-1.9%
Month’s Supply of Inventory ................................
6.5
5.6
5.2
5.8
-10.9%
Percent Under Contract ........................................
18.3%
25.2%
19.4%
29.1%
59.2%
Average Median Price for Last 12 Months ........
$2,261,000
$2,702,249
$2,788,665
$2,724,636
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.082
DEC
$2,224,995
JAN FEB
MEDIAN SALES PRICE
MAR
$965
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.224 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,511,500
$1,492,500
$1,348,000
$1,475,000
-2.4%
Average Price per Square Foot ...........................
$605
$815
$700
$716
18.3%
Properties Sold .......................................................
4
8
10
5
25.0%
Properties Pending Sale .......................................
3
12
5
12
300.0%
Properties For Sale ................................................
14
27
26
29
107.1%
Days on Market (Pending Sale) ...........................
32
23
17
67
109.4%
Month’s Supply of Inventory ................................
3.5
3.4
2.6
5.8
65.7%
Percent Under Contract ........................................
21.4%
44.4%
19.2%
41.4%
93.1%
Average Median Price for Last 12 Months ........
$1,372,000
$1,637,583
$1,772,500
$1,605,338
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.511
DEC
$1,475,000
JAN FEB
MEDIAN SALES PRICE
MAR
$716
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Culver City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$790,750
$860,000
$827,550
$825,000
4.3%
Average Price per Square Foot ...........................
$575
$597
$582
$557
-3.1%
Properties Sold .......................................................
8
13
12
8
0.0%
Properties Pending Sale .......................................
12
18
21
14
16.7%
Properties For Sale ................................................
36
40
57
45
25.0%
Days on Market (Pending Sale) ...........................
43
28
45
35
-18.6%
Month’s Supply of Inventory ................................
4.5
3.1
4.8
5.6
25.0%
Percent Under Contract ........................................
33.3%
45.0%
36.8%
31.1%
-6.7%
Average Median Price for Last 12 Months ........
$759,000
$832,800
$815,333
$817,273
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$790
DEC
$825,000
JAN FEB
MEDIAN SALES PRICE
MAR
$557
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,475,000
$1,078,250
$1,294,000
$1,255,000
-14.9%
Average Price per Square Foot ...........................
$592
$586
$644
$656
10.8%
Properties Sold .......................................................
23
22
27
25
8.7%
Properties Pending Sale .......................................
16
26
23
28
75.0%
Properties For Sale ................................................
98
113
108
105
7.1%
Days on Market (Pending Sale) ...........................
47
35
52
66
40.4%
Month’s Supply of Inventory ................................
4.3
5.1
4
4.2
-1.4%
Percent Under Contract ........................................
16.3%
23.0%
21.3%
26.7%
63.3%
Average Median Price for Last 12 Months ........
$1,178,000
$1,373,167
$1,306,667
$1,352,035
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.475
DEC
$1,255,000
JAN FEB
MEDIAN SALES PRICE
MAR
$656
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.255 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Hollywood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$618,000
$1,325,000
$681,500
$795,000
28.6%
Average Price per Square Foot ...........................
$423
$553
$532
$472
11.6%
Properties Sold .......................................................
5
5
4
7
40.0%
Properties Pending Sale .......................................
3
10
8
7
133.3%
Properties For Sale ................................................
16
32
26
32
100.0%
Days on Market (Pending Sale) ...........................
58
62
63
36
-37.9%
Month’s Supply of Inventory ................................
3.2
6.4
6.5
4.6
42.9%
Percent Under Contract ........................................
18.8%
31.2%
30.8%
21.9%
16.7%
Average Median Price for Last 12 Months ........
$670,000
$791,769
$791,500
$901,718
25.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$618
DEC
$795,000
JAN FEB
MEDIAN SALES PRICE
MAR
$472
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Hollywood Hills East DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,041,000
$965,000
$1,199,950
$1,048,500
0.7%
Average Price per Square Foot ...........................
$518
$549
$583
$512
-1.2%
Properties Sold .......................................................
10
11
6
8
-20.0%
Properties Pending Sale .......................................
4
12
13
9
125.0%
Properties For Sale ................................................
45
62
65
61
35.6%
Days on Market (Pending Sale) ...........................
29
34
35
52
79.3%
Month’s Supply of Inventory ................................
11.2
5.2
5
7.6
-32.2%
Percent Under Contract ........................................
8.9%
19.4%
20.0%
14.8%
66.0%
Average Median Price for Last 12 Months ........
$994,000
$1,131,475
$1,117,750
$1,183,565
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.041
DEC
$1,048,500
JAN FEB
MEDIAN SALES PRICE
MAR
$512
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.048 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Laurel Canyon DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,243,500
$1,390,000
$1,450,000
$1,555,000
25.1%
Average Price per Square Foot ...........................
$563
$713
$722
$727
29.1%
Properties Sold .......................................................
17
29
23
20
17.6%
Properties Pending Sale .......................................
15
27
28
23
53.3%
Properties For Sale ................................................
130
142
141
144
10.8%
Days on Market (Pending Sale) ...........................
64
55
54
44
-31.2%
Month’s Supply of Inventory ................................
8.7
5.3
5
7.2
-16.9%
Percent Under Contract ........................................
11.5%
19.0%
19.9%
16.0%
38.4%
Average Median Price for Last 12 Months ........
$1,201,000
$1,408,000
$1,473,333
$1,377,534
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.243
DEC
$1,555,000
JAN FEB
MEDIAN SALES PRICE
MAR
$727
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Los Feliz DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,097,000
$1,180,000
$1,441,000
$1,214,300
10.7%
Average Price per Square Foot ...........................
$540
$693
$615
$628
16.3%
Properties Sold .......................................................
12
21
16
20
66.7%
Properties Pending Sale .......................................
12
21
17
18
50.0%
Properties For Sale ................................................
72
94
79
80
11.1%
Days on Market (Pending Sale) ...........................
52
38
32
45
-13.5%
Month’s Supply of Inventory ................................
6
4.5
4.6
4
-33.3%
Percent Under Contract ........................................
16.7%
22.3%
21.5%
22.5%
35.0%
Average Median Price for Last 12 Months ........
$1,133,000
$1,313,550
$1,292,600
$1,277,523
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.097
DEC
$1,214,300
JAN FEB
MEDIAN SALES PRICE
MAR
$628
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.214 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Malibu DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,837,500
$2,775,000
$1,875,000
$2,125,000
15.6%
Average Price per Square Foot ...........................
$808
$792
$608
$798
-1.2%
Properties Sold .......................................................
18
17
9
11
-38.9%
Properties Pending Sale .......................................
15
17
25
15
0.0%
Properties For Sale ................................................
182
201
217
204
12.1%
Days on Market (Pending Sale) ...........................
114
136
98
128
12.3%
Month’s Supply of Inventory ................................
10.1
11.8
24.1
18.5
83.4%
Percent Under Contract ........................................
8.2%
8.5%
11.5%
7.4%
-10.8%
Average Median Price for Last 12 Months ........
$1,880,000
$2,494,583
$2,742,500
$2,410,535
22.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.837
DEC
$2,125,000
JAN FEB
MEDIAN SALES PRICE
MAR
$798
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Malibu Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$5,075,000
$9,930,000
$5,912,500
$8,200,000
61.6%
Average Price per Square Foot ...........................
$1,443
$2,422
$2,731
$3,513
143.5%
Properties Sold .......................................................
2
1
8
4
100.0%
Properties Pending Sale .......................................
11
2
5
3
-72.7%
Properties For Sale ................................................
70
80
77
72
2.9%
Days on Market (Pending Sale) ...........................
178
72
103
119
-33.1%
Month’s Supply of Inventory ................................
35
80
9.6
18
-48.6%
Percent Under Contract ........................................
15.7%
2.5%
6.5%
4.2%
-73.5%
Average Median Price for Last 12 Months ........
$6,587,000
$7,638,750
$9,825,000
$6,649,529
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$5.075
DEC
$8,200,000
JAN FEB
MEDIAN SALES PRICE
MAR
$3,513
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$8.200 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 : November 2014
telesproperties.com
Marina Del Rey DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,900,000
$1,735,000
$1,590,000
$1,200,000
-36.8%
Average Price per Square Foot ...........................
$544
$631
$655
$649
19.3%
Properties Sold .......................................................
3
9
2
5
66.7%
Properties Pending Sale .......................................
2
5
4
1
-50.0%
Properties For Sale ................................................
24
23
25
21
-12.5%
Days on Market (Pending Sale) ...........................
37
52
73
174
370.3%
Month’s Supply of Inventory ................................
8
2.6
12.5
4.2
-47.5%
Percent Under Contract ........................................
8.3%
21.7%
16.0%
4.8%
-42.9%
Average Median Price for Last 12 Months ........
$1,594,000
$1,641,700
$1,179,167
$1,651,125
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.900
NOV DEC
$1,200,000
JAN FEB
MEDIAN SALES PRICE
MAR
$649
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Mid Los Angeles DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$490,000
$625,000
$594,000
$415,000
-15.3%
Average Price per Square Foot ...........................
$295
$353
$347
$293
-0.7%
Properties Sold .......................................................
17
13
11
27
58.8%
Properties Pending Sale .......................................
22
12
17
26
18.2%
Properties For Sale ................................................
71
55
74
132
85.9%
Days on Market (Pending Sale) ...........................
42
39
36
50
19.0%
Month’s Supply of Inventory ................................
4.2
4.2
6.7
4.9
17.1%
Percent Under Contract ........................................
31.0%
21.8%
23.0%
19.7%
-36.4%
Average Median Price for Last 12 Months ........
$432,000
$541,267
$514,533
$520,897
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$490
DEC
$415,000
JAN FEB
MEDIAN SALES PRICE
MAR
$293
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Mid Wilshire DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$562,000
$595,000
$662,000
$470,000
-16.4%
Average Price per Square Foot ...........................
$308
$419
$310
$215
-30.2%
Properties Sold .......................................................
3
3
5
3
0.0%
Properties Pending Sale .......................................
2
0
5
4
100.0%
Properties For Sale ................................................
11
24
16
26
136.4%
Days on Market (Pending Sale) ...........................
34
0
57
56
64.7%
Month’s Supply of Inventory ................................
3.7
8
3.2
8.7
136.4%
Percent Under Contract ........................................
18.2%
0.0%
31.2%
15.4%
-15.4%
Average Median Price for Last 12 Months ........
$494,000
$619,417
$583,167
$619,364
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$562
DEC
$470,000
JAN FEB
MEDIAN SALES PRICE
MAR
$215
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Pacific Palisades DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,275,000
$3,010,000
$2,225,000
$2,539,400
11.6%
Average Price per Square Foot ...........................
$909
$929
$957
$967
6.4%
Properties Sold .......................................................
14
29
23
18
28.6%
Properties Pending Sale .......................................
20
44
20
18
-10.0%
Properties For Sale ................................................
120
131
113
112
-6.7%
Days on Market (Pending Sale) ...........................
57
53
42
39
-31.6%
Month’s Supply of Inventory ................................
8.6
4.5
4.9
6.2
-27.4%
Percent Under Contract ........................................
16.7%
33.6%
17.7%
16.1%
-3.6%
Average Median Price for Last 12 Months ........
$2,207,000
$2,464,478
$2,383,133
$2,586,644
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.275
DEC
$2,539,400
JAN FEB
MEDIAN SALES PRICE
MAR
$967
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Palms - Mar Vista DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,121,000
$989,000
$987,000
$1,155,145
3.0%
Average Price per Square Foot ...........................
$617
$661
$673
$625
1.3%
Properties Sold .......................................................
26
24
22
27
3.8%
Properties Pending Sale .......................................
21
23
24
18
-14.3%
Properties For Sale ................................................
58
74
84
70
20.7%
Days on Market (Pending Sale) ...........................
40
21
31
50
25.0%
Month’s Supply of Inventory ................................
2.2
3.1
3.8
2.6
16.2%
Percent Under Contract ........................................
36.2%
31.1%
28.6%
25.7%
-29.0%
Average Median Price for Last 12 Months ........
$896,000
$1,049,191
$1,091,715
$1,059,434
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.121
DEC
$1,155,145
JAN FEB
MEDIAN SALES PRICE
MAR
$625
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.155 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 : November 2014
telesproperties.com
Playa Del Rey DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,036,000
$1,268,000
$1,287,000
$955,000
-7.8%
Average Price per Square Foot ...........................
$707
$532
$681
$651
-7.9%
Properties Sold .......................................................
5
3
2
1
-80.0%
Properties Pending Sale .......................................
1
4
4
3
200.0%
Properties For Sale ................................................
11
16
17
24
118.2%
Days on Market (Pending Sale) ...........................
49
34
30
17
-65.3%
Month’s Supply of Inventory ................................
2.2
5.3
8.5
24
990.9%
Percent Under Contract ........................................
9.1%
25.0%
23.5%
12.5%
37.5%
Average Median Price for Last 12 Months ........
$1,165,000
$1,162,583
$1,168,667
$1,199,327
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.036
DEC
$955,000
JAN FEB
MEDIAN SALES PRICE
MAR
$651
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
24 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Playa Vista DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$0
$0
$1,187,500
$1,182,500
0%
Average Price per Square Foot ...........................
$0
$0
$492
$523
0%
Properties Sold .......................................................
0
0
2
2
0%
Properties Pending Sale .......................................
1
1
0
2
100.0%
Properties For Sale ................................................
5
10
6
6
20.0%
Days on Market (Pending Sale) ...........................
6
33
0
21
250.0%
Month’s Supply of Inventory ................................
0
0
3
3
0%
Percent Under Contract ........................................
20.0%
10.0%
0.0%
33.3%
66.7%
Average Median Price for Last 12 Months ........
$1,312,000
$1,202,792
$1,319,417
$1,201,305
-9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
$1,182,500
JAN FEB
MEDIAN SALES PRICE
MAR
$523
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.182 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Monica DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,085,750
$1,575,000
$2,043,250
$2,184,100
4.7%
Average Price per Square Foot ...........................
$794
$945
$898
$1,165
46.7%
Properties Sold .......................................................
19
17
18
13
-31.6%
Properties Pending Sale .......................................
15
23
19
16
6.7%
Properties For Sale ................................................
79
89
77
79
0.0%
Days on Market (Pending Sale) ...........................
40
46
52
51
27.5%
Month’s Supply of Inventory ................................
4.2
5.2
4.3
6.1
46.2%
Percent Under Contract ........................................
19.0%
25.8%
24.7%
20.3%
6.7%
Average Median Price for Last 12 Months ........
$2,006,000
$2,037,392
$2,112,867
$1,947,431
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.085
DEC
$2,184,100
JAN FEB
MEDIAN SALES PRICE
MAR
$1,165
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.184 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,400,000
$1,842,759
$1,850,000
$1,850,000
32.1%
Average Price per Square Foot ...........................
$698
$759
$822
$684
-2.0%
Properties Sold .......................................................
27
35
31
27
0.0%
Properties Pending Sale .......................................
28
39
40
31
10.7%
Properties For Sale ................................................
242
252
259
280
15.7%
Days on Market (Pending Sale) ...........................
64
60
81
61
-4.7%
Month’s Supply of Inventory ................................
9
7.2
8.4
10.4
15.7%
Percent Under Contract ........................................
11.6%
15.5%
15.4%
11.1%
-4.3%
Average Median Price for Last 12 Months ........
$1,455,000
$1,877,588
$1,943,508
$1,731,059
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.400
DEC
$1,850,000
JAN FEB
MEDIAN SALES PRICE
MAR
$684
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Venice DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,175,000
$1,427,500
$1,800,000
$1,750,000
48.9%
Average Price per Square Foot ...........................
$878
$947
$1,186
$1,016
15.7%
Properties Sold .......................................................
17
26
15
15
-11.8%
Properties Pending Sale .......................................
12
19
14
13
8.3%
Properties For Sale ................................................
53
62
56
62
17.0%
Days on Market (Pending Sale) ...........................
75
30
67
53
-29.3%
Month’s Supply of Inventory ................................
3.1
2.4
3.7
4.1
32.6%
Percent Under Contract ........................................
22.6%
30.6%
25.0%
21.0%
-7.4%
Average Median Price for Last 12 Months ........
$1,338,000
$1,644,396
$1,530,458
$1,550,898
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.175
DEC
$1,750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,016
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
West Hollywood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,050,000
$1,295,938
$1,543,125
$789,000
-24.9%
Average Price per Square Foot ...........................
$744
$753
$745
$847
13.8%
Properties Sold .......................................................
5
10
10
9
80.0%
Properties Pending Sale .......................................
10
8
12
8
-20.0%
Properties For Sale ................................................
56
40
50
57
1.8%
Days on Market (Pending Sale) ...........................
77
28
52
28
-63.6%
Month’s Supply of Inventory ................................
11.2
4
5
6.3
-43.5%
Percent Under Contract ........................................
17.9%
20.0%
24.0%
14.0%
-21.4%
Average Median Price for Last 12 Months ........
$1,108,000
$1,155,021
$1,106,333
$1,164,141
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.050
NOV DEC
$789,000
JAN FEB
MEDIAN SALES PRICE
MAR
$847
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$789 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
West Los Angeles DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$845,000
$908,250
$882,500
$905,000
7.1%
Average Price per Square Foot ...........................
$692
$582
$557
$781
12.9%
Properties Sold .......................................................
7
8
7
7
0.0%
Properties Pending Sale .......................................
7
10
14
7
0.0%
Properties For Sale ................................................
20
34
36
41
105.0%
Days on Market (Pending Sale) ...........................
50
26
39
37
-26.0%
Month’s Supply of Inventory ................................
2.9
4.2
5.1
5.9
105.0%
Percent Under Contract ........................................
35.0%
29.4%
38.9%
17.1%
-51.2%
Average Median Price for Last 12 Months ........
$744,000
$886,917
$918,000
$867,058
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$845
DEC
$905,000
JAN FEB
MEDIAN SALES PRICE
MAR
$781
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Westchester DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$760,000
$812,000
$810,000
$845,775
11.3%
Average Price per Square Foot ...........................
$488
$470
$517
$544
11.5%
Properties Sold .......................................................
25
23
33
18
-28.0%
Properties Pending Sale .......................................
17
30
29
28
64.7%
Properties For Sale ................................................
38
80
69
75
97.4%
Days on Market (Pending Sale) ...........................
31
23
32
48
54.8%
Month’s Supply of Inventory ................................
1.5
3.5
2.1
4.2
174.1%
Percent Under Contract ........................................
44.7%
37.5%
42.0%
37.3%
-16.5%
Average Median Price for Last 12 Months ........
$738,000
$835,546
$879,092
$841,483
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$760
DEC
$845,775
JAN FEB
MEDIAN SALES PRICE
MAR
$544
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Westwood - Century City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,600,000
$1,885,000
$1,867,500
$1,523,000
-4.8%
Average Price per Square Foot ...........................
$692
$760
$771
$820
18.5%
Properties Sold .......................................................
15
16
18
14
-6.7%
Properties Pending Sale .......................................
19
20
15
6
-68.4%
Properties For Sale ................................................
54
74
59
52
-3.7%
Days on Market (Pending Sale) ...........................
26
32
27
22
-15.4%
Month’s Supply of Inventory ................................
3.6
4.6
3.3
3.7
3.2%
Percent Under Contract ........................................
35.2%
27.0%
25.4%
11.5%
-67.2%
Average Median Price for Last 12 Months ........
$1,427,000
$1,780,750
$1,704,000
$1,749,038
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.600
DEC
$1,523,000
JAN FEB
MEDIAN SALES PRICE
MAR
$820
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.523 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
South Bay Macro Market DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,082,625
$1,299,398
$1,303,933
$1,442,383
33.2%
Average Price per Square Foot ...........................
$518
$538
$593
$632
22.0%
Properties Sold .......................................................
154
202
201
160
3.9%
Properties Pending Sale .......................................
179
211
219
166
-7.3%
Properties For Sale ................................................
593
683
783
637
7.4%
Days on Market (Pending Sale) ...........................
83
57
82
52
-37.9%
Month’s Supply of Inventory ................................
3.9
3.4
3.9
4
3.4%
Percent Under Contract ........................................
30.2%
30.9%
28.0%
26.1%
-13.7%
Average Median Price for Last 12 Months ........
$1,239,333
$1,396,373
$1,359,263
$1,379,279
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.082
DEC
$1,442,383
JAN FEB
MEDIAN SALES PRICE
MAR
$632
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.442 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
El Segundo DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$820,000
$898,000
$960,000
$1,300,000
58.5%
Average Price per Square Foot ...........................
$521
$430
$487
$603
15.7%
Properties Sold .......................................................
3
8
7
4
33.3%
Properties Pending Sale .......................................
4
10
7
8
100.0%
Properties For Sale ................................................
13
23
13
13
0.0%
Days on Market (Pending Sale) ...........................
61
18
60
34
-44.3%
Month’s Supply of Inventory ................................
4.3
2.9
1.9
3.2
-25.0%
Percent Under Contract ........................................
30.8%
43.5%
53.8%
61.5%
100.0%
Average Median Price for Last 12 Months ........
$848,000
$1,014,583
$1,119,167
$930,288
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$820
DEC
$1,300,000
JAN FEB
MEDIAN SALES PRICE
MAR
$603
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Manhattan Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,989,500
$2,015,000
$1,947,500
$2,050,000
3.0%
Average Price per Square Foot ...........................
$762
$800
$925
$1,262
65.6%
Properties Sold .......................................................
20
37
26
26
30.0%
Properties Pending Sale .......................................
23
47
30
17
-26.1%
Properties For Sale ................................................
59
100
83
55
-6.8%
Days on Market (Pending Sale) ...........................
55
38
44
34
-38.2%
Month’s Supply of Inventory ................................
3
2.7
3.2
2.1
-28.3%
Percent Under Contract ........................................
39.0%
47.0%
36.1%
30.9%
-20.7%
Average Median Price for Last 12 Months ........
$1,677,000
$1,960,458
$1,981,667
$1,922,404
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.989
DEC
$2,050,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,262
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Palos Verdes Estates DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,500,000
$1,440,000
$1,725,000
$1,860,000
24.0%
Average Price per Square Foot ...........................
$563
$630
$725
$713
26.6%
Properties Sold .......................................................
13
11
22
11
-15.4%
Properties Pending Sale .......................................
11
13
10
10
-9.1%
Properties For Sale ................................................
52
70
77
77
48.1%
Days on Market (Pending Sale) ...........................
121
43
80
75
-38.0%
Month’s Supply of Inventory ................................
4
6.4
3.5
7
75.0%
Percent Under Contract ........................................
21.2%
18.6%
13.0%
13.0%
-38.6%
Average Median Price for Last 12 Months ........
$1,570,000
$1,815,979
$2,006,958
$1,681,837
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.500
DEC
$1,860,000
JAN FEB
MEDIAN SALES PRICE
MAR
$713
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Rancho Palos Verdes DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,195,000
$1,308,000
$1,117,500
$1,037,500
-13.2%
Average Price per Square Foot ...........................
$525
$513
$527
$462
-12.0%
Properties Sold .......................................................
31
31
34
26
-16.1%
Properties Pending Sale .......................................
24
38
40
29
20.8%
Properties For Sale ................................................
108
129
177
128
18.5%
Days on Market (Pending Sale) ...........................
74
43
43
65
-12.2%
Month’s Supply of Inventory ................................
3.5
4.2
5.2
4.9
41.3%
Percent Under Contract ........................................
22.2%
29.5%
22.6%
22.7%
2.0%
Average Median Price for Last 12 Months ........
$1,074,000
$1,137,567
$1,117,833
$1,161,415
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.195
DEC
$1,037,500
JAN FEB
MEDIAN SALES PRICE
MAR
$462
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.037 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Redondo Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$809,000
$800,086
$949,750
$890,000
10.0%
Average Price per Square Foot ...........................
$523
$543
$564
$570
9.0%
Properties Sold .......................................................
15
26
28
23
53.3%
Properties Pending Sale .......................................
30
34
39
32
6.7%
Properties For Sale ................................................
89
90
100
80
-10.1%
Days on Market (Pending Sale) ...........................
31
30
41
55
77.4%
Month’s Supply of Inventory ................................
5.9
3.5
3.6
3.5
-41.4%
Percent Under Contract ........................................
33.7%
37.8%
39.0%
40.0%
18.7%
Average Median Price for Last 12 Months ........
$837,000
$955,458
$948,000
$894,064
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$809
DEC
$890,000
JAN FEB
MEDIAN SALES PRICE
MAR
$570
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Rolling Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$0
$2,438,500
$2,680,900
$3,147,500
0%
Average Price per Square Foot ...........................
$0
$604
$809
$833
0%
Properties Sold .......................................................
0
1
2
4
0%
Properties Pending Sale .......................................
2
3
1
6
200.0%
Properties For Sale ................................................
14
26
20
26
85.7%
Days on Market (Pending Sale) ...........................
220
182
326
39
-82.3%
Month’s Supply of Inventory ................................
0
26
10
6.5
0%
Percent Under Contract ........................................
14.3%
11.5%
5.0%
23.1%
61.5%
Average Median Price for Last 12 Months ........
$2,720,000
$3,527,680
$3,223,750
$3,352,989
23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
$3,147,500
JAN FEB
MEDIAN SALES PRICE
MAR
$833
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.147 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Rolling Hills Estates DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,322,500
$1,580,000
$1,060,000
$1,535,000
16.1%
Average Price per Square Foot ...........................
$507
$542
$528
$483
-4.7%
Properties Sold .......................................................
8
13
7
2
-75.0%
Properties Pending Sale .......................................
3
8
12
6
100.0%
Properties For Sale ................................................
9
25
37
25
177.8%
Days on Market (Pending Sale) ...........................
95
77
55
73
-23.2%
Month’s Supply of Inventory ................................
1.1
1.9
5.3
12.5
1011.1%
Percent Under Contract ........................................
33.3%
32.0%
32.4%
24.0%
-28.0%
Average Median Price for Last 12 Months ........
$1,332,000
$1,357,292
$1,352,917
$1,306,981
-1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.322
DEC
$1,535,000
JAN FEB
MEDIAN SALES PRICE
MAR
$483
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
12.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
San Pedro DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$460,000
$570,000
$649,000
$540,500
17.5%
Average Price per Square Foot ...........................
$356
$349
$361
$350
-1.7%
Properties Sold .......................................................
27
25
21
24
-11.1%
Properties Pending Sale .......................................
32
27
30
22
-31.2%
Properties For Sale ................................................
125
110
125
117
-6.4%
Days on Market (Pending Sale) ...........................
63
56
54
46
-27.0%
Month’s Supply of Inventory ................................
4.6
4.4
6
4.9
5.3%
Percent Under Contract ........................................
25.6%
24.5%
24.0%
18.8%
-26.5%
Average Median Price for Last 12 Months ........
$483,000
$541,167
$518,500
$524,538
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$460
DEC
$540,500
JAN FEB
MEDIAN SALES PRICE
MAR
$350
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Torrance DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$565,000
$645,000
$645,750
$620,950
9.9%
Average Price per Square Foot ...........................
$389
$427
$408
$414
6.4%
Properties Sold .......................................................
37
50
54
40
8.1%
Properties Pending Sale .......................................
50
31
50
36
-28.0%
Properties For Sale ................................................
124
110
151
116
-6.5%
Days on Market (Pending Sale) ...........................
30
26
37
45
50.0%
Month’s Supply of Inventory ................................
3.4
2.2
2.8
2.9
-13.5%
Percent Under Contract ........................................
40.3%
28.2%
33.1%
31.0%
-23.0%
Average Median Price for Last 12 Months ........
$613,000
$656,325
$661,567
$638,996
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$565
DEC
$620,950
JAN FEB
MEDIAN SALES PRICE
MAR
$414
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$675,000
$750,286
$777,571
$730,929
8.3%
Average Price per Square Foot ...........................
$361
$388
$390
$395
9.3%
Properties Sold .......................................................
429
462
446
341
-20.5%
Properties Pending Sale .......................................
485
558
512
409
-15.7%
Properties For Sale ................................................
917
1,027
1,186
1,036
13.0%
Days on Market (Pending Sale) ...........................
56
52
63
62
10.9%
Month’s Supply of Inventory ................................
2.1
2.2
2.7
3
42.1%
Percent Under Contract ........................................
52.9%
54.3%
43.2%
39.5%
-25.4%
Average Median Price for Last 12 Months ........
$674,412
$771,476
$736,571
$753,692
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$675
DEC
$730,929
JAN FEB
MEDIAN SALES PRICE
MAR
$395
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Burbank DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$607,000
$650,000
$630,000
$655,000
7.9%
Average Price per Square Foot ...........................
$378
$415
$454
$416
10.1%
Properties Sold .......................................................
46
36
56
43
-6.5%
Properties Pending Sale .......................................
50
52
48
53
6.0%
Properties For Sale ................................................
77
70
88
83
7.8%
Days on Market (Pending Sale) ...........................
43
45
46
49
14.0%
Month’s Supply of Inventory ................................
1.7
1.9
1.6
1.9
15.3%
Percent Under Contract ........................................
64.9%
74.3%
54.5%
63.9%
-1.7%
Average Median Price for Last 12 Months ........
$575,615
$657,667
$658,000
$639,462
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$607
DEC
$655,000
JAN FEB
MEDIAN SALES PRICE
MAR
$416
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Encino DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$850,000
$1,040,000
$1,113,000
$963,000
13.3%
Average Price per Square Foot ...........................
$379
$435
$473
$444
17.2%
Properties Sold .......................................................
33
34
34
32
-3.0%
Properties Pending Sale .......................................
42
55
33
37
-11.9%
Properties For Sale ................................................
88
105
123
106
20.5%
Days on Market (Pending Sale) ...........................
61
52
67
69
13.1%
Month’s Supply of Inventory ................................
2.7
3.1
3.6
3.3
24.2%
Percent Under Contract ........................................
47.7%
52.4%
26.8%
34.9%
-26.9%
Average Median Price for Last 12 Months ........
$879,000
$1,046,167
$1,023,333
$1,017,385
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$850
DEC
$963,000
JAN FEB
MEDIAN SALES PRICE
MAR
$444
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$963 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Glendale DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$720,000
$760,000
$806,000
$777,000
7.9%
Average Price per Square Foot ...........................
$382
$405
$400
$412
7.9%
Properties Sold .......................................................
63
67
60
41
-34.9%
Properties Pending Sale .......................................
69
72
69
51
-26.1%
Properties For Sale ................................................
100
127
104
121
21.0%
Days on Market (Pending Sale) ...........................
47
51
55
57
21.3%
Month’s Supply of Inventory ................................
1.6
1.9
1.7
3
85.9%
Percent Under Contract ........................................
69.0%
56.7%
66.3%
42.1%
-38.9%
Average Median Price for Last 12 Months ........
$655,615
$749,833
$739,000
$734,538
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$720
DEC
$777,000
JAN FEB
MEDIAN SALES PRICE
MAR
$412
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
La Crescenta DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$532,000
$695,000
$708,000
$717,000
34.8%
Average Price per Square Foot ...........................
$383
$398
$428
$405
5.7%
Properties Sold .......................................................
18
21
36
10
-44.4%
Properties Pending Sale .......................................
20
19
32
15
-25.0%
Properties For Sale ................................................
27
34
39
20
-25.9%
Days on Market (Pending Sale) ...........................
59
52
53
51
-13.6%
Month’s Supply of Inventory ................................
1.5
1.6
1.1
2
33.3%
Percent Under Contract ........................................
74.1%
55.9%
82.1%
75.0%
1.3%
Average Median Price for Last 12 Months ........
$619,000
$726,000
$719,000
$698,385
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$532
DEC
$717,000
JAN FEB
MEDIAN SALES PRICE
MAR
$405
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
North Hollywood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$409,000
$411,000
$432,000
$419,000
2.4%
Average Price per Square Foot ...........................
$331
$310
$314
$333
0.6%
Properties Sold .......................................................
48
36
32
26
-45.8%
Properties Pending Sale .......................................
45
57
49
45
0.0%
Properties For Sale ................................................
68
57
80
87
27.9%
Days on Market (Pending Sale) ...........................
50
50
65
53
6.0%
Month’s Supply of Inventory ................................
1.4
1.6
2.5
3.3
136.2%
Percent Under Contract ........................................
66.2%
100.0%
61.3%
51.7%
-21.8%
Average Median Price for Last 12 Months ........
$375,538
$449,167
$451,333
$434,538
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$409
DEC
$419,000
JAN FEB
MEDIAN SALES PRICE
MAR
$333
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$419 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Shadow Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$542,000
$640,000
$680,000
$800,000
47.6%
Average Price per Square Foot ...........................
$279
$311
$269
$330
18.3%
Properties Sold .......................................................
2
4
2
3
50.0%
Properties Pending Sale .......................................
2
6
2
2
0.0%
Properties For Sale ................................................
13
12
19
13
0.0%
Days on Market (Pending Sale) ...........................
76
50
126
68
-10.5%
Month’s Supply of Inventory ................................
6.5
3
9.5
4.3
-33.3%
Percent Under Contract ........................................
15.4%
50.0%
10.5%
15.4%
0.0%
Average Median Price for Last 12 Months ........
$630,385
$717,167
$716,667
$737,385
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$542
DEC
$800,000
JAN FEB
MEDIAN SALES PRICE
MAR
$330
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Sherman Oaks DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$750,000
$985,000
$895,000
$825,000
10.0%
Average Price per Square Foot ...........................
$407
$449
$430
$450
10.6%
Properties Sold .......................................................
53
65
52
46
-13.2%
Properties Pending Sale .......................................
59
66
75
44
-25.4%
Properties For Sale ................................................
125
134
167
128
2.4%
Days on Market (Pending Sale) ...........................
56
52
65
55
-1.8%
Month’s Supply of Inventory ................................
2.4
2.1
3.2
2.8
18.0%
Percent Under Contract ........................................
47.2%
49.3%
44.9%
34.4%
-27.2%
Average Median Price for Last 12 Months ........
$767,462
$878,333
$839,333
$888,154
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$750
DEC
$825,000
JAN FEB
MEDIAN SALES PRICE
MAR
$450
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Studio City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,128,000
$1,200,000
$1,265,000
$1,123,000
-0.4%
Average Price per Square Foot ...........................
$455
$545
$524
$554
21.8%
Properties Sold .......................................................
22
39
23
22
0.0%
Properties Pending Sale .......................................
27
41
35
19
-29.6%
Properties For Sale ................................................
83
82
86
65
-21.7%
Days on Market (Pending Sale) ...........................
67
60
57
69
3.0%
Month’s Supply of Inventory ................................
3.8
2.1
3.7
3
-21.7%
Percent Under Contract ........................................
32.5%
50.0%
40.7%
29.2%
-10.1%
Average Median Price for Last 12 Months ........
$960,615
$1,158,000
$1,081,000
$1,147,462
19.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.128
DEC
$1,123,000
JAN FEB
MEDIAN SALES PRICE
MAR
$554
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.123 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Sun Valley DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$407,000
$366,000
$428,000
$450,000
10.6%
Average Price per Square Foot ...........................
$268
$273
$315
$302
12.7%
Properties Sold .......................................................
22
12
12
19
-13.6%
Properties Pending Sale .......................................
23
19
20
16
-30.4%
Properties For Sale ................................................
38
41
41
40
5.3%
Days on Market (Pending Sale) ...........................
54
34
48
69
27.8%
Month’s Supply of Inventory ................................
1.7
3.4
3.4
2.1
21.9%
Percent Under Contract ........................................
60.5%
46.3%
48.8%
40.0%
-33.9%
Average Median Price for Last 12 Months ........
$375,615
$403,000
$408,333
$393,308
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$407
DEC
$450,000
JAN FEB
MEDIAN SALES PRICE
MAR
$302
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Sunland/Tujunga DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$446,000
$437,000
$500,000
$504,000
13.0%
Average Price per Square Foot ...........................
$289
$312
$286
$324
12.1%
Properties Sold .......................................................
34
44
36
24
-29.4%
Properties Pending Sale .......................................
40
49
37
27
-32.5%
Properties For Sale ................................................
65
85
82
62
-4.6%
Days on Market (Pending Sale) ...........................
50
52
71
66
32.0%
Month’s Supply of Inventory ................................
1.9
1.9
2.3
2.6
35.1%
Percent Under Contract ........................................
61.5%
57.6%
45.1%
43.5%
-29.2%
Average Median Price for Last 12 Months ........
$386,000
$479,833
$494,667
$454,308
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$446
DEC
$504,000
JAN FEB
MEDIAN SALES PRICE
MAR
$324
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$504 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Tarzana DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$660,000
$968,000
$1,055,000
$775,000
17.4%
Average Price per Square Foot ...........................
$325
$330
$392
$310
-4.6%
Properties Sold .......................................................
19
26
21
20
5.3%
Properties Pending Sale .......................................
26
29
26
19
-26.9%
Properties For Sale ................................................
72
81
105
90
25.0%
Days on Market (Pending Sale) ...........................
58
48
71
70
20.7%
Month’s Supply of Inventory ................................
3.8
3.1
5
4.5
18.8%
Percent Under Contract ........................................
36.1%
35.8%
24.8%
21.1%
-41.5%
Average Median Price for Last 12 Months ........
$787,077
$854,833
$766,333
$841,077
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$660
DEC
$775,000
JAN FEB
MEDIAN SALES PRICE
MAR
$310
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Toluca Lake DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$849,000
$944,000
$850,000
$785,000
-7.5%
Average Price per Square Foot ...........................
$438
$530
$425
$481
9.8%
Properties Sold .......................................................
7
4
6
5
-28.6%
Properties Pending Sale .......................................
4
0
8
8
100.0%
Properties For Sale ................................................
11
15
24
17
54.5%
Days on Market (Pending Sale) ...........................
50
46
45
78
56.0%
Month’s Supply of Inventory ................................
1.6
3.8
4
3.4
116.4%
Percent Under Contract ........................................
36.4%
0.0%
33.3%
47.1%
29.4%
Average Median Price for Last 12 Months ........
$1,102,462
$1,177,500
$880,667
$1,110,077
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$849
DEC
$785,000
JAN FEB
MEDIAN SALES PRICE
MAR
$481
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Valley Village DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$895,000
$728,000
$825,000
$720,000
-19.6%
Average Price per Square Foot ...........................
$444
$409
$443
$442
-0.5%
Properties Sold .......................................................
9
5
15
9
0.0%
Properties Pending Sale .......................................
15
13
13
13
-13.3%
Properties For Sale ................................................
30
27
31
23
-23.3%
Days on Market (Pending Sale) ...........................
62
63
44
42
-32.3%
Month’s Supply of Inventory ................................
3.3
5.4
2.1
2.6
-23.3%
Percent Under Contract ........................................
50.0%
48.1%
41.9%
56.5%
13.0%
Average Median Price for Last 12 Months ........
$712,308
$806,500
$825,667
$776,308
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $895
NOV DEC
$720,000
JAN FEB
MEDIAN SALES PRICE
MAR
$442
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Woodland Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$655,000
$680,000
$699,000
$720,000
9.9%
Average Price per Square Foot ...........................
$300
$314
$311
$324
8.0%
Properties Sold .......................................................
53
69
61
41
-22.6%
Properties Pending Sale .......................................
63
80
65
60
-4.8%
Properties For Sale ................................................
120
157
197
181
50.8%
Days on Market (Pending Sale) ...........................
48
71
74
70
45.8%
Month’s Supply of Inventory ................................
2.3
2.3
3.2
4.4
95.0%
Percent Under Contract ........................................
52.5%
51.0%
33.0%
33.1%
-36.9%
Average Median Price for Last 12 Months ........
$615,077
$696,667
$708,667
$679,308
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$655
DEC
$720,000
JAN FEB
MEDIAN SALES PRICE
MAR
$324
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$843,273
$915,273
$932,091
$1,041,636
23.5%
Average Price per Square Foot ...........................
$467
$504
$523
$498
6.6%
Properties Sold .......................................................
243
274
324
196
-19.3%
Properties Pending Sale .......................................
254
313
309
260
2.4%
Properties For Sale ................................................
514
609
714
670
30.4%
Days on Market (Pending Sale) ...........................
43
48
43
52
21.0%
Month’s Supply of Inventory ................................
2.1
2.2
2.2
3.4
61.6%
Percent Under Contract ........................................
49.4%
51.4%
43.3%
38.8%
-21.5%
Average Median Price for Last 12 Months ........
$825,406
$975,439
$997,424
$947,741
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$843
DEC
$1,041,636
JAN FEB
MEDIAN SALES PRICE
MAR
$498
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.041 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Altadena DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$543,000
$675,000
$625,000
$610,000
12.3%
Average Price per Square Foot ...........................
$417
$407
$389
$395
-5.3%
Properties Sold .......................................................
31
44
36
24
-22.6%
Properties Pending Sale .......................................
39
38
37
36
-7.7%
Properties For Sale ................................................
53
53
71
74
39.6%
Days on Market (Pending Sale) ...........................
42
49
47
59
40.5%
Month’s Supply of Inventory ................................
1.7
1.2
2
3.1
80.3%
Percent Under Contract ........................................
73.6%
71.7%
52.1%
48.6%
-33.9%
Average Median Price for Last 12 Months ........
$558,846
$615,833
$628,333
$588,308
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$543
DEC
$610,000
JAN FEB
MEDIAN SALES PRICE
MAR
$395
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Arcadia DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,375,000
$1,284,000
$1,200,000
$1,555,000
13.1%
Average Price per Square Foot ...........................
$535
$573
$627
$610
14.0%
Properties Sold .......................................................
39
46
41
20
-48.7%
Properties Pending Sale .......................................
34
66
41
38
11.8%
Properties For Sale ................................................
89
114
173
169
89.9%
Days on Market (Pending Sale) ...........................
54
35
39
50
-7.4%
Month’s Supply of Inventory ................................
2.3
2.5
4.2
8.4
270.3%
Percent Under Contract ........................................
38.2%
57.9%
23.7%
22.5%
-41.1%
Average Median Price for Last 12 Months ........
$1,170,615
$1,378,667
$1,445,000
$1,424,077
21.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.375
DEC
$1,555,000
JAN FEB
MEDIAN SALES PRICE
MAR
$610
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Duarte DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$436,000
$435,000
$425,000
$418,000
-4.1%
Average Price per Square Foot ...........................
$316
$323
$311
$316
0.0%
Properties Sold .......................................................
4
9
21
12
200.0%
Properties Pending Sale .......................................
10
12
14
18
80.0%
Properties For Sale ................................................
20
29
26
29
45.0%
Days on Market (Pending Sale) ...........................
31
54
48
40
29.0%
Month’s Supply of Inventory ................................
5
3.2
1.2
2.4
-51.7%
Percent Under Contract ........................................
50.0%
41.4%
53.8%
62.1%
24.1%
Average Median Price for Last 12 Months ........
$364,846
$432,167
$440,000
$419,308
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$436
DEC
$418,000
JAN FEB
MEDIAN SALES PRICE
MAR
$316
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$418 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Eagle Rock DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$550,000
$673,000
$589,000
$585,000
6.4%
Average Price per Square Foot ...........................
$383
$450
$500
$450
17.5%
Properties Sold .......................................................
3
4
6
7
133.3%
Properties Pending Sale .......................................
7
3
4
5
-28.6%
Properties For Sale ................................................
2
11
13
11
450.0%
Days on Market (Pending Sale) ...........................
41
46
27
67
63.4%
Month’s Supply of Inventory ................................
0.7
2.8
2.2
1.6
135.7%
Percent Under Contract ........................................
350.0%
27.3%
30.8%
45.5%
-87.0%
Average Median Price for Last 12 Months ........
$531,308
$608,833
$601,333
$619,769
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$550
DEC
$585,000
JAN FEB
MEDIAN SALES PRICE
MAR
$450
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
La Canada Flintridge DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,150,000
$1,298,000
$1,285,000
$1,275,000
10.9%
Average Price per Square Foot ...........................
$537
$506
$546
$533
-0.7%
Properties Sold .......................................................
19
24
27
15
-21.1%
Properties Pending Sale .......................................
13
22
25
19
46.2%
Properties For Sale ................................................
42
49
47
33
-21.4%
Days on Market (Pending Sale) ...........................
53
54
61
68
28.3%
Month’s Supply of Inventory ................................
2.2
2
1.7
2.2
-0.5%
Percent Under Contract ........................................
31.0%
44.9%
53.2%
57.6%
86.0%
Average Median Price for Last 12 Months ........
$1,240,077
$1,364,167
$1,419,667
$1,335,462
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.150
DEC
$1,275,000
JAN FEB
MEDIAN SALES PRICE
MAR
$533
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Monrovia DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$532,000
$580,000
$660,000
$569,000
7.0%
Average Price per Square Foot ...........................
$372
$418
$390
$356
-4.3%
Properties Sold .......................................................
26
25
21
18
-30.8%
Properties Pending Sale .......................................
21
29
29
19
-9.5%
Properties For Sale ................................................
49
59
57
63
28.6%
Days on Market (Pending Sale) ...........................
45
55
55
44
-2.2%
Month’s Supply of Inventory ................................
1.9
2.4
2.7
3.5
85.7%
Percent Under Contract ........................................
42.9%
49.2%
50.9%
30.2%
-29.6%
Average Median Price for Last 12 Months ........
$526,538
$617,833
$594,667
$580,154
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$532
DEC
$569,000
JAN FEB
MEDIAN SALES PRICE
MAR
$356
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$569 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Pasadena DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$690,000
$806,000
$739,000
$720,000
4.3%
Average Price per Square Foot ...........................
$434
$493
$503
$554
27.6%
Properties Sold .......................................................
75
87
103
57
-24.0%
Properties Pending Sale .......................................
80
88
91
74
-7.5%
Properties For Sale ................................................
162
186
184
180
11.1%
Days on Market (Pending Sale) ...........................
47
48
62
63
34.0%
Month’s Supply of Inventory ................................
2.2
2.1
1.8
3.2
46.2%
Percent Under Contract ........................................
49.4%
47.3%
49.5%
41.1%
-16.8%
Average Median Price for Last 12 Months ........
$659,000
$760,333
$751,667
$734,692
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$690
DEC
$720,000
JAN FEB
MEDIAN SALES PRICE
MAR
$554
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
San Gabriel DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$600,000
$776,000
$665,000
$625,000
4.2%
Average Price per Square Foot ...........................
$405
$422
$439
$409
1.0%
Properties Sold .......................................................
19
10
28
25
31.6%
Properties Pending Sale .......................................
22
28
36
18
-18.2%
Properties For Sale ................................................
53
48
79
52
-1.9%
Days on Market (Pending Sale) ...........................
49
77
48
51
4.1%
Month’s Supply of Inventory ................................
2.8
4.8
2.8
2.1
-25.4%
Percent Under Contract ........................................
41.5%
58.3%
45.6%
34.6%
-16.6%
Average Median Price for Last 12 Months ........
$582,846
$678,167
$677,333
$665,846
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$600
DEC
$625,000
JAN FEB
MEDIAN SALES PRICE
MAR
$409
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
San Marino DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,650,000
$1,925,000
$2,128,000
$2,750,000
66.7%
Average Price per Square Foot ...........................
$670
$837
$872
$895
33.6%
Properties Sold .......................................................
11
12
16
5
-54.5%
Properties Pending Sale .......................................
13
9
15
9
-30.8%
Properties For Sale ................................................
12
17
24
25
108.3%
Days on Market (Pending Sale) ...........................
43
30
29
27
-37.2%
Month’s Supply of Inventory ................................
1.1
1.4
1.5
5
358.3%
Percent Under Contract ........................................
108.3%
52.9%
62.5%
36.0%
-66.8%
Average Median Price for Last 12 Months ........
$1,738,385
$2,235,667
$2,347,000
$2,161,231
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.650
DEC
$2,750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$895
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.750 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 : November 2014
telesproperties.com
Sierra Madre DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$835,000
$846,000
$869,000
$998,000
19.5%
Average Price per Square Foot ...........................
$429
$434
$500
$381
-11.2%
Properties Sold .......................................................
13
10
17
9
-30.8%
Properties Pending Sale .......................................
9
9
8
13
44.4%
Properties For Sale ................................................
17
26
17
17
0.0%
Days on Market (Pending Sale) ...........................
62
49
38
72
16.1%
Month’s Supply of Inventory ................................
1.3
2.6
1
1.9
44.4%
Percent Under Contract ........................................
52.9%
34.6%
47.1%
76.5%
44.4%
Average Median Price for Last 12 Months ........
$753,923
$871,333
$942,000
$863,308
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$835
DEC
$998,000
JAN FEB
MEDIAN SALES PRICE
MAR
$381
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$998 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
South Pasadena DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$915,000
$770,000
$1,068,000
$1,353,000
47.9%
Average Price per Square Foot ...........................
$634
$684
$673
$574
-9.5%
Properties Sold .......................................................
3
3
8
4
33.3%
Properties Pending Sale .......................................
6
9
9
11
83.3%
Properties For Sale ................................................
15
17
23
17
13.3%
Days on Market (Pending Sale) ...........................
10
29
20
36
260.0%
Month’s Supply of Inventory ................................
5
5.7
2.9
4.2
-15.0%
Percent Under Contract ........................................
40.0%
52.9%
39.1%
64.7%
61.8%
Average Median Price for Last 12 Months ........
$958,077
$1,166,833
$1,124,667
$1,033,000
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$915
DEC
$1,353,000
JAN FEB
MEDIAN SALES PRICE
MAR
$574
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.353 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : November 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : November 2014
telesproperties.com
Orange County DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$649,000
$676,000
$680,000
$679,192
4.7%
Average Price per Square Foot ...........................
$382
$405
$410
$407
6.5%
Properties Sold .......................................................
1334
1701
1671
1250
-6.3%
Properties Pending Sale .......................................
1253
1820
1693
1314
4.9%
Properties For Sale ................................................
6,600
7,189
7,889
6,376
-3.4%
Days on Market (Pending Sale) ...........................
72
51
60
70
-2.8%
Month’s Supply of Inventory ................................
4.9
4.2
4.7
5.1
3.1%
Percent Under Contract ........................................
19.0%
25.3%
21.5%
20.6%
8.6%
Average Median Price for Last 12 Months ........
$610,000
$679,857
$679,731
$668,796
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$649
DEC
$679,192
JAN FEB
MEDIAN SALES PRICE
MAR
$407
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$679 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Aliso Viejo DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$718,000
$715,000
$800,000
$705,000
-1.8%
Average Price per Square Foot ...........................
$347
$351
$328
$346
-0.3%
Properties Sold .......................................................
11
31
21
15
36.4%
Properties Pending Sale .......................................
11
24
19
16
45.5%
Properties For Sale ................................................
67
84
83
63
-6.0%
Days on Market (Pending Sale) ...........................
70
51
70
101
44.3%
Month’s Supply of Inventory ................................
6.1
2.7
4
4.2
-31.0%
Percent Under Contract ........................................
16.4%
28.6%
22.9%
25.4%
54.7%
Average Median Price for Last 12 Months ........
$670,000
$734,250
$709,167
$727,654
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$718
DEC
$705,000
JAN FEB
MEDIAN SALES PRICE
MAR
$346
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Balboa Peninsula DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$3,800,000
$4,500,000
$2,117,500
$2,010,000
-47.1%
Average Price per Square Foot ...........................
$1,610
$1,498
$1,211
$1,776
10.3%
Properties Sold .......................................................
6
7
12
7
16.7%
Properties Pending Sale .......................................
4
4
5
1
-75.0%
Properties For Sale ................................................
41
41
36
35
-14.6%
Days on Market (Pending Sale) ...........................
19
103
66
31
63.2%
Month’s Supply of Inventory ................................
6.8
5.9
3
5
-26.8%
Percent Under Contract ........................................
9.8%
9.8%
13.9%
2.9%
-70.7%
Average Median Price for Last 12 Months ........
$2,382,000
$2,729,583
$3,278,333
$2,986,269
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.800
NOV DEC
$2,010,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,776
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.010 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,287,500
$2,349,000
$2,200,000
$2,410,000
5.4%
Average Price per Square Foot ...........................
$952
$1,067
$948
$1,211
27.2%
Properties Sold .......................................................
10
13
16
9
-10.0%
Properties Pending Sale .......................................
15
10
16
11
-26.7%
Properties For Sale ................................................
65
66
82
78
20.0%
Days on Market (Pending Sale) ...........................
101
50
61
54
-46.5%
Month’s Supply of Inventory ................................
6.5
5.1
5.1
8.7
33.3%
Percent Under Contract ........................................
23.1%
15.2%
19.5%
14.1%
-38.9%
Average Median Price for Last 12 Months ........
$2,195,000
$1,977,500
$2,010,000
$2,363,596
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.287
DEC
$2,410,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,211
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Coto de Caza DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,192,500
$1,062,000
$1,125,000
$1,555,000
30.4%
Average Price per Square Foot ...........................
$304
$336
$345
$348
14.5%
Properties Sold .......................................................
16
26
21
11
-31.2%
Properties Pending Sale .......................................
20
12
17
18
-10.0%
Properties For Sale ................................................
121
131
141
118
-2.5%
Days on Market (Pending Sale) ...........................
106
64
111
83
-21.7%
Month’s Supply of Inventory ................................
7.6
5
6.7
10.7
41.8%
Percent Under Contract ........................................
16.5%
9.2%
12.1%
15.3%
-7.7%
Average Median Price for Last 12 Months ........
$1,034,000
$1,200,417
$1,227,500
$1,153,654
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.192
DEC
$1,555,000
JAN FEB
MEDIAN SALES PRICE
MAR
$348
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Crystal Cove DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$5,474,000
$5,149,000
$3,500,000
$5,000,000
-8.7%
Average Price per Square Foot ...........................
$1,033
$1,157
$1,032
$1,070
3.6%
Properties Sold .......................................................
2
2
1
3
50.0%
Properties Pending Sale .......................................
0
1
2
2
0%
Properties For Sale ................................................
21
23
24
19
-9.5%
Days on Market (Pending Sale) ...........................
0
17
94
114
0%
Month’s Supply of Inventory ................................
10.5
11.5
24
6.3
-39.7%
Percent Under Contract ........................................
0.0%
4.3%
8.3%
10.5%
0%
Average Median Price for Last 12 Months ........
$4,871,000
$5,570,750
$6,583,167
$5,018,962
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$5.474
DEC
$5,000,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,070
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$5.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Dana Point DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$827,500
$832,000
$922,500
$969,000
17.1%
Average Price per Square Foot ...........................
$440
$541
$512
$596
35.5%
Properties Sold .......................................................
34
30
29
22
-35.3%
Properties Pending Sale .......................................
31
38
43
34
9.7%
Properties For Sale ................................................
176
213
205
163
-7.4%
Days on Market (Pending Sale) ...........................
57
64
84
85
49.1%
Month’s Supply of Inventory ................................
5.2
7.1
7.1
7.4
43.1%
Percent Under Contract ........................................
17.6%
17.8%
21.0%
20.9%
18.4%
Average Median Price for Last 12 Months ........
$865,000
$901,483
$928,000
$887,142
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$827
DEC
$969,000
JAN FEB
MEDIAN SALES PRICE
MAR
$596
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$969 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
East Bluff - Harbor View DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,860,500
$1,925,000
$1,862,000
$1,562,500
-16.0%
Average Price per Square Foot ...........................
$602
$667
$652
$689
14.5%
Properties Sold .......................................................
16
19
18
16
0.0%
Properties Pending Sale .......................................
20
22
22
18
-10.0%
Properties For Sale ................................................
77
119
120
98
27.3%
Days on Market (Pending Sale) ...........................
61
49
79
87
42.6%
Month’s Supply of Inventory ................................
4.8
6.3
6.7
6.1
27.3%
Percent Under Contract ........................................
26.0%
18.5%
18.3%
18.4%
-29.3%
Average Median Price for Last 12 Months ........
$1,596,000
$1,687,167
$1,624,833
$1,707,462
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.860
DEC
$1,562,500
JAN FEB
MEDIAN SALES PRICE
MAR
$689
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
East Costa Mesa DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$846,600
$962,694
$950,000
$850,000
0.4%
Average Price per Square Foot ...........................
$424
$543
$564
$470
10.8%
Properties Sold .......................................................
13
20
17
19
46.2%
Properties Pending Sale .......................................
10
19
18
17
70.0%
Properties For Sale ................................................
59
73
80
66
11.9%
Days on Market (Pending Sale) ...........................
51
67
56
86
68.6%
Month’s Supply of Inventory ................................
4.5
3.6
4.7
3.5
-23.5%
Percent Under Contract ........................................
16.9%
26.0%
22.5%
25.8%
52.0%
Average Median Price for Last 12 Months ........
$823,000
$863,750
$821,667
$862,176
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$846
DEC
$850,000
JAN FEB
MEDIAN SALES PRICE
MAR
$470
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Fountain Valley DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$670,000
$699,900
$702,500
$679,000
1.3%
Average Price per Square Foot ...........................
$330
$353
$341
$353
7.0%
Properties Sold .......................................................
20
25
30
15
-25.0%
Properties Pending Sale .......................................
17
17
28
17
0.0%
Properties For Sale ................................................
75
87
82
56
-25.3%
Days on Market (Pending Sale) ...........................
24
33
44
49
104.2%
Month’s Supply of Inventory ................................
3.8
3.5
2.7
3.7
-0.4%
Percent Under Contract ........................................
22.7%
19.5%
34.1%
30.4%
33.9%
Average Median Price for Last 12 Months ........
$624,000
$678,917
$677,500
$671,885
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$670
DEC
$679,000
JAN FEB
MEDIAN SALES PRICE
MAR
$353
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$679 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Huntington Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$710,000
$730,000
$720,000
$714,500
0.6%
Average Price per Square Foot ...........................
$398
$427
$419
$414
4.0%
Properties Sold .......................................................
91
105
131
84
-7.7%
Properties Pending Sale .......................................
97
110
122
76
-21.6%
Properties For Sale ................................................
367
427
463
334
-9.0%
Days on Market (Pending Sale) ...........................
61
66
61
66
8.2%
Month’s Supply of Inventory ................................
4
4.1
3.5
4
-1.4%
Percent Under Contract ........................................
26.4%
25.8%
26.3%
22.8%
-13.9%
Average Median Price for Last 12 Months ........
$691,000
$744,500
$751,500
$738,835
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$710
DEC
$714,500
JAN FEB
MEDIAN SALES PRICE
MAR
$414
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$714 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Irvine DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$825,000
$895,000
$895,000
$970,000
17.6%
Average Price per Square Foot ...........................
$453
$474
$461
$433
-4.4%
Properties Sold .......................................................
79
94
99
77
-2.5%
Properties Pending Sale .......................................
71
100
95
72
1.4%
Properties For Sale ................................................
321
443
489
350
9.0%
Days on Market (Pending Sale) ...........................
55
52
59
81
47.3%
Month’s Supply of Inventory ................................
4.1
4.7
4.9
4.5
11.9%
Percent Under Contract ........................................
22.1%
22.6%
19.4%
20.6%
-7.0%
Average Median Price for Last 12 Months ........
$867,000
$925,746
$948,491
$906,051
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$825
DEC
$970,000
JAN FEB
MEDIAN SALES PRICE
MAR
$433
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$970 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Ladera Ranch DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$952,500
$804,500
$860,000
$739,150
-22.4%
Average Price per Square Foot ...........................
$310
$327
$344
$326
5.2%
Properties Sold .......................................................
26
24
28
15
-42.3%
Properties Pending Sale .......................................
24
35
28
27
12.5%
Properties For Sale ................................................
115
159
157
118
2.6%
Days on Market (Pending Sale) ...........................
67
63
61
107
59.7%
Month’s Supply of Inventory ................................
4.4
6.6
5.6
7.9
77.9%
Percent Under Contract ........................................
20.9%
22.0%
17.8%
22.9%
9.6%
Average Median Price for Last 12 Months ........
$801,000
$880,652
$886,050
$862,851
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $952
NOV DEC
$739,150
JAN FEB
MEDIAN SALES PRICE
MAR
$326
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Laguna Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,015,000
$2,050,000
$2,125,000
$1,600,000
-20.6%
Average Price per Square Foot ...........................
$939
$1,064
$970
$908
-3.3%
Properties Sold .......................................................
27
31
29
31
14.8%
Properties Pending Sale .......................................
29
33
37
32
10.3%
Properties For Sale ................................................
234
260
285
225
-3.8%
Days on Market (Pending Sale) ...........................
178
92
106
118
-33.7%
Month’s Supply of Inventory ................................
8.7
8.4
9.8
7.3
-16.3%
Percent Under Contract ........................................
12.4%
12.7%
13.0%
14.2%
14.8%
Average Median Price for Last 12 Months ........
$1,612,000
$1,892,500
$1,806,667
$1,940,346
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.015
DEC
$1,600,000
JAN FEB
MEDIAN SALES PRICE
MAR
$908
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Laguna Niguel DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$740,000
$863,950
$790,000
$831,000
12.3%
Average Price per Square Foot ...........................
$382
$405
$395
$364
-4.7%
Properties Sold .......................................................
31
66
59
48
54.8%
Properties Pending Sale .......................................
44
61
69
52
18.2%
Properties For Sale ................................................
198
323
363
277
39.9%
Days on Market (Pending Sale) ...........................
69
67
73
82
18.8%
Month’s Supply of Inventory ................................
6.4
4.9
6.2
5.8
-9.6%
Percent Under Contract ........................................
22.2%
18.9%
19.0%
18.8%
-15.5%
Average Median Price for Last 12 Months ........
$747,000
$807,667
$814,000
$798,688
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$740
DEC
$831,000
JAN FEB
MEDIAN SALES PRICE
MAR
$364
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$831 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Laguna Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$730,000
$684,500
$980,000
$750,000
2.7%
Average Price per Square Foot ...........................
$331
$363
$367
$328
-0.9%
Properties Sold .......................................................
25
24
21
13
-48.0%
Properties Pending Sale .......................................
19
25
21
23
21.1%
Properties For Sale ................................................
73
112
118
92
26.0%
Days on Market (Pending Sale) ...........................
43
74
48
74
72.1%
Month’s Supply of Inventory ................................
2.9
4.7
5.6
7.1
142.4%
Percent Under Contract ........................................
26.0%
22.3%
17.8%
25.0%
-3.9%
Average Median Price for Last 12 Months ........
$690,000
$772,167
$722,500
$728,454
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$730
DEC
$750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$328
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Laguna Woods DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$687,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$382
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
0
1
0
0
0%
Properties For Sale ................................................
2
2
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
41
0
0
0%
Month’s Supply of Inventory ................................
2
0
0
0
0%
Percent Under Contract ........................................
0.0%
50.0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$619,000
$0
$0
$637,800
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$687
DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
No sales MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,150,000
$1,955,100
$4,950,000
$2,312,500
7.6%
Average Price per Square Foot ...........................
$955
$1,026
$1,189
$997
4.4%
Properties Sold .......................................................
5
10
7
2
-60.0%
Properties Pending Sale .......................................
4
4
13
1
-75.0%
Properties For Sale ................................................
38
41
49
36
-5.3%
Days on Market (Pending Sale) ...........................
36
60
193
268
644.4%
Month’s Supply of Inventory ................................
7.6
4.1
7
18
136.8%
Percent Under Contract ........................................
10.5%
9.8%
26.5%
2.8%
-73.6%
Average Median Price for Last 12 Months ........
$2,687,000
$3,335,000
$2,845,833
$3,069,412
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.150
DEC
$2,312,500
JAN FEB
MEDIAN SALES PRICE
MAR
$997
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Mission Viejo DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$670,000
$631,500
$635,000
$600,000
-10.4%
Average Price per Square Foot ...........................
$292
$335
$332
$330
13.0%
Properties Sold .......................................................
67
83
81
58
-13.4%
Properties Pending Sale .......................................
75
92
77
74
-1.3%
Properties For Sale ................................................
266
310
329
284
6.8%
Days on Market (Pending Sale) ...........................
50
46
60
63
26.0%
Month’s Supply of Inventory ................................
4
3.7
4.1
4.9
23.3%
Percent Under Contract ........................................
28.2%
29.7%
23.4%
26.1%
-7.6%
Average Median Price for Last 12 Months ........
$594,000
$633,317
$624,967
$633,762
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$670
DEC
$600,000
JAN FEB
MEDIAN SALES PRICE
MAR
$330
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Newport Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,995,000
$1,925,000
$1,825,000
$1,595,000
-20.1%
Average Price per Square Foot ...........................
$817
$882
$891
$845
3.4%
Properties Sold .......................................................
49
63
61
43
-12.2%
Properties Pending Sale .......................................
49
60
64
46
-6.1%
Properties For Sale ................................................
281
351
361
311
10.7%
Days on Market (Pending Sale) ...........................
61
63
96
89
45.9%
Month’s Supply of Inventory ................................
5.7
5.6
5.9
7.2
26.1%
Percent Under Contract ........................................
17.4%
17.1%
17.7%
14.8%
-15.2%
Average Median Price for Last 12 Months ........
$1,678,000
$1,813,333
$1,866,667
$1,827,038
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.995
NOV DEC
$1,595,000
JAN FEB
MEDIAN SALES PRICE
MAR
$845
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Newport Coast DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,875,000
$1,814,250
$2,450,000
$4,191,925
45.8%
Average Price per Square Foot ...........................
$793
$785
$887
$1,006
26.9%
Properties Sold .......................................................
9
11
13
9
0.0%
Properties Pending Sale .......................................
10
11
9
4
-60.0%
Properties For Sale ................................................
82
110
93
80
-2.4%
Days on Market (Pending Sale) ...........................
85
151
119
376
342.4%
Month’s Supply of Inventory ................................
9.1
10
7.2
8.9
-2.4%
Percent Under Contract ........................................
12.2%
10.0%
9.7%
5.0%
-59.0%
Average Median Price for Last 12 Months ........
$2,797,000
$3,470,721
$3,693,942
$3,142,583
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.875
DEC
$4,191,925
JAN FEB
MEDIAN SALES PRICE
MAR
$1,006
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$4.191 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Newport Heights DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,315,000
$2,416,366
$1,529,000
$1,237,500
-5.9%
Average Price per Square Foot ...........................
$657
$652
$1,045
$608
-7.5%
Properties Sold .......................................................
5
8
2
4
-20.0%
Properties Pending Sale .......................................
3
4
6
6
100.0%
Properties For Sale ................................................
28
25
40
32
14.3%
Days on Market (Pending Sale) ...........................
72
108
56
73
1.4%
Month’s Supply of Inventory ................................
5.6
3.1
20
8
42.9%
Percent Under Contract ........................................
10.7%
16.0%
15.0%
18.8%
75.0%
Average Median Price for Last 12 Months ........
$1,467,000
$1,915,265
$1,989,379
$1,860,174
26.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.315
DEC
$1,237,500
JAN FEB
MEDIAN SALES PRICE
MAR
$608
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.237 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Rancho Santa Margarita DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$622,500
$643,500
$650,000
$623,950
0.2%
Average Price per Square Foot ...........................
$316
$320
$311
$314
-0.6%
Properties Sold .......................................................
30
35
43
32
6.7%
Properties Pending Sale .......................................
34
58
47
37
8.8%
Properties For Sale ................................................
110
178
197
159
44.5%
Days on Market (Pending Sale) ...........................
72
47
64
87
20.8%
Month’s Supply of Inventory ................................
3.7
5.1
4.6
5
35.5%
Percent Under Contract ........................................
30.9%
32.6%
23.9%
23.3%
-24.7%
Average Median Price for Last 12 Months ........
$605,000
$649,806
$644,650
$645,449
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$622
DEC
$623,950
JAN FEB
MEDIAN SALES PRICE
MAR
$314
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
San Clemente DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$820,000
$853,750
$845,000
$900,000
9.8%
Average Price per Square Foot ...........................
$355
$390
$371
$375
5.6%
Properties Sold .......................................................
47
68
58
51
8.5%
Properties Pending Sale .......................................
51
70
69
51
0.0%
Properties For Sale ................................................
260
311
368
268
3.1%
Days on Market (Pending Sale) ...........................
60
67
69
96
60.0%
Month’s Supply of Inventory ................................
5.5
4.6
6.3
5.3
-5.0%
Percent Under Contract ........................................
19.6%
22.5%
18.8%
19.0%
-3.0%
Average Median Price for Last 12 Months ........
$792,000
$844,458
$857,667
$830,115
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$820
DEC
$900,000
JAN FEB
MEDIAN SALES PRICE
MAR
$375
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
San Juan Capistrano DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$750,000
$995,000
$635,000
$960,000
28.0%
Average Price per Square Foot ...........................
$307
$351
$344
$338
10.1%
Properties Sold .......................................................
17
25
35
17
0.0%
Properties Pending Sale .......................................
20
28
19
17
-15.0%
Properties For Sale ................................................
137
143
165
132
-3.6%
Days on Market (Pending Sale) ...........................
62
80
69
79
27.4%
Month’s Supply of Inventory ................................
8.1
5.7
4.7
7.8
-3.6%
Percent Under Contract ........................................
14.6%
19.6%
11.5%
12.9%
-11.8%
Average Median Price for Last 12 Months ........
$737,000
$754,065
$836,463
$835,222
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$750
DEC
$960,000
JAN FEB
MEDIAN SALES PRICE
MAR
$338
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$960 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Shady Canyon DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
9
3
4
2
-77.8%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$5,817,000
$3,850,000
$3,650,000
$4,693,800
-19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
No sales MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Turtle Ridge DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,802,500
$3,550,000
$2,650,000
$2,031,944
-27.5%
Average Price per Square Foot ...........................
$693
$725
$711
$659
-4.9%
Properties Sold .......................................................
4
2
7
4
0.0%
Properties Pending Sale .......................................
6
6
3
6
0.0%
Properties For Sale ................................................
28
35
31
30
7.1%
Days on Market (Pending Sale) ...........................
70
155
62
79
12.9%
Month’s Supply of Inventory ................................
7
17.5
4.4
7.5
7.1%
Percent Under Contract ........................................
21.4%
17.1%
9.7%
20.0%
-6.7%
Average Median Price for Last 12 Months ........
$2,212,000
$2,259,824
$2,252,981
$2,437,495
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.802
NOV DEC
$2,031,944
JAN FEB
MEDIAN SALES PRICE
MAR
$659
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.031 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Turtle Rock DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$0
$0
$0
$970,000
0%
Average Price per Square Foot ...........................
$0
$0
$0
$606
0%
Properties Sold .......................................................
0
0
0
1
0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
8
3
5
7
-12.5%
Days on Market (Pending Sale) ...........................
104
0
0
0
-100.0%
Month’s Supply of Inventory ................................
0
0
0
7
0%
Percent Under Contract ........................................
12.5%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,344,000
$1,085,000
$1,085,000
$1,630,178
21.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
$970,000
JAN FEB
MEDIAN SALES PRICE
MAR
$606
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$970 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Westminster DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$520,000
$518,500
$545,000
$562,000
8.1%
Average Price per Square Foot ...........................
$320
$307
$347
$344
7.5%
Properties Sold .......................................................
31
36
37
29
-6.5%
Properties Pending Sale .......................................
32
43
32
26
-18.8%
Properties For Sale ................................................
104
140
121
91
-12.5%
Days on Market (Pending Sale) ...........................
42
42
50
55
31.0%
Month’s Supply of Inventory ................................
3.4
3.9
3.3
3.1
-6.5%
Percent Under Contract ........................................
30.8%
30.7%
26.4%
28.6%
-7.1%
Average Median Price for Last 12 Months ........
$474,000
$538,907
$542,833
$527,188
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$520
DEC
$562,000
JAN FEB
MEDIAN SALES PRICE
MAR
$344
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,617,500
$1,270,000
$1,283,750
$1,375,000
-15.0%
Average Price per Square Foot ...........................
$626
$556
$549
$564
-9.9%
Properties Sold .......................................................
10
9
12
10
0.0%
Properties Pending Sale .......................................
10
15
7
12
20.0%
Properties For Sale ................................................
45
68
60
60
33.3%
Days on Market (Pending Sale) ...........................
60
58
80
104
73.3%
Month’s Supply of Inventory ................................
4.5
7.6
5
6
33.3%
Percent Under Contract ........................................
22.2%
22.1%
11.7%
20.0%
-10.0%
Average Median Price for Last 12 Months ........
$1,381,000
$1,501,792
$1,547,333
$1,502,827
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.617
DEC
$1,375,000
JAN FEB
MEDIAN SALES PRICE
MAR
$564
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.375 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 : November 2014
telesproperties.com
West Newport - Lido DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,600,000
$2,850,000
$2,222,500
$1,976,000
23.5%
Average Price per Square Foot ...........................
$1,129
$1,191
$1,166
$832
-26.3%
Properties Sold .......................................................
7
10
10
4
-42.9%
Properties Pending Sale .......................................
8
11
10
7
-12.5%
Properties For Sale ................................................
52
57
53
48
-7.7%
Days on Market (Pending Sale) ...........................
93
66
68
80
-14.0%
Month’s Supply of Inventory ................................
7.4
5.7
5.3
12
61.5%
Percent Under Contract ........................................
15.4%
19.3%
18.9%
14.6%
-5.2%
Average Median Price for Last 12 Months ........
$1,821,000
$1,962,200
$2,113,000
$2,061,679
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.600
DEC
$1,976,000
JAN FEB
MEDIAN SALES PRICE
MAR
$832
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
12 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.976 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : November 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : November 2014
telesproperties.com
Carpinteria DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,200,000
$708,250
$1,792,500
$820,000
-62.7%
Average Price per Square Foot ...........................
$532
$521
$625
$576
8.3%
Properties Sold .......................................................
5
6
6
9
80.0%
Properties Pending Sale .......................................
5
2
7
4
-20.0%
Properties For Sale ................................................
38
37
45
34
-10.5%
Days on Market (Pending Sale) ...........................
33
87
157
37
12.1%
Month’s Supply of Inventory ................................
7.6
6.2
7.5
3.8
-50.3%
Percent Under Contract ........................................
13.2%
5.4%
15.6%
11.8%
-10.6%
Average Median Price for Last 12 Months ........
$926,000
$1,532,833
$880,500
$1,418,152
53.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.200
NOV DEC
$820,000
JAN FEB
MEDIAN SALES PRICE
MAR
$576
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Goleta DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$802,500
$780,000
$820,000
$700,000
-12.8%
Average Price per Square Foot ...........................
$419
$443
$445
$417
-0.5%
Properties Sold .......................................................
10
8
7
7
-30.0%
Properties Pending Sale .......................................
6
5
8
7
16.7%
Properties For Sale ................................................
26
18
30
29
11.5%
Days on Market (Pending Sale) ...........................
27
13
18
58
114.8%
Month’s Supply of Inventory ................................
2.6
2.2
4.3
4.1
59.3%
Percent Under Contract ........................................
23.1%
27.8%
26.7%
24.1%
4.6%
Average Median Price for Last 12 Months ........
$744,000
$798,083
$774,833
$796,923
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$802
DEC
$700,000
JAN FEB
MEDIAN SALES PRICE
MAR
$417
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Hope Ranch DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$3,575,000
$2,812,500
$3,300,000
$1,899,000
-46.9%
Average Price per Square Foot ...........................
$697
$875
$832
$583
-16.4%
Properties Sold .......................................................
2
1
5
2
0.0%
Properties Pending Sale .......................................
2
3
2
4
100.0%
Properties For Sale ................................................
40
38
37
28
-30.0%
Days on Market (Pending Sale) ...........................
19
40
31
354
1763.2%
Month’s Supply of Inventory ................................
20
38
7.4
14
-30.0%
Percent Under Contract ........................................
5.0%
7.9%
5.4%
14.3%
185.7%
Average Median Price for Last 12 Months ........
$2,818,000
$2,393,667
$2,269,000
$3,010,404
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.575
NOV DEC
$1,899,000
JAN FEB
MEDIAN SALES PRICE
MAR
$583
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
14 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Montecito DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$2,323,750
$2,167,500
$3,328,000
$2,675,000
15.1%
Average Price per Square Foot ...........................
$1,146
$871
$912
$793
-30.8%
Properties Sold .......................................................
14
18
23
5
-64.3%
Properties Pending Sale .......................................
19
27
18
11
-42.1%
Properties For Sale ................................................
175
195
173
143
-18.3%
Days on Market (Pending Sale) ...........................
168
86
127
128
-23.8%
Month’s Supply of Inventory ................................
12.5
10.8
7.5
28.6
128.8%
Percent Under Contract ........................................
10.9%
13.8%
10.4%
7.7%
-29.1%
Average Median Price for Last 12 Months ........
$2,533,000
$3,108,500
$2,684,333
$2,695,750
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.323
DEC
$2,675,000
JAN FEB
MEDIAN SALES PRICE
MAR
$793
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
28.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Barbara East of State DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$925,000
$1,425,000
$1,315,000
$1,018,750
10.1%
Average Price per Square Foot ...........................
$592
$659
$684
$675
14.0%
Properties Sold .......................................................
21
41
28
24
14.3%
Properties Pending Sale .......................................
25
21
27
24
-4.0%
Properties For Sale ................................................
124
119
140
115
-7.3%
Days on Market (Pending Sale) ...........................
71
40
61
89
25.4%
Month’s Supply of Inventory ................................
5.9
2.9
5
4.8
-18.9%
Percent Under Contract ........................................
20.2%
17.6%
19.3%
20.9%
3.5%
Average Median Price for Last 12 Months ........
$977,000
$1,173,292
$1,149,583
$1,189,635
21.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$925
DEC
$1,018,750
JAN FEB
MEDIAN SALES PRICE
MAR
$675
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.018 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Barbara West of State DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$850,000
$950,000
$1,338,000
$1,175,000
38.2%
Average Price per Square Foot ...........................
$613
$500
$723
$572
-6.7%
Properties Sold .......................................................
19
27
23
21
10.5%
Properties Pending Sale .......................................
20
20
23
19
-5.0%
Properties For Sale ................................................
67
69
74
75
11.9%
Days on Market (Pending Sale) ...........................
35
24
28
59
68.6%
Month’s Supply of Inventory ................................
3.5
2.6
3.2
3.6
1.3%
Percent Under Contract ........................................
29.9%
29.0%
31.1%
25.3%
-15.1%
Average Median Price for Last 12 Months ........
$818,000
$1,075,500
$1,155,000
$999,115
22.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$850
DEC
$1,175,000
JAN FEB
MEDIAN SALES PRICE
MAR
$572
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Ynez DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$618,000
$600,000
$946,250
$548,750
-11.2%
Average Price per Square Foot ...........................
$301
$463
$424
$395
31.2%
Properties Sold .......................................................
7
11
14
12
71.4%
Properties Pending Sale .......................................
9
13
8
10
11.1%
Properties For Sale ................................................
113
126
124
104
-8.0%
Days on Market (Pending Sale) ...........................
36
92
331
81
125.0%
Month’s Supply of Inventory ................................
16.1
11.5
8.9
8.7
-46.3%
Percent Under Contract ........................................
8.0%
10.3%
6.5%
9.6%
20.7%
Average Median Price for Last 12 Months ........
$672,000
$723,167
$560,917
$700,538
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$618
DEC
$548,750
JAN FEB
MEDIAN SALES PRICE
MAR
$395
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$548 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : November 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : November 2014
telesproperties.com
Carmel DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,462,500
$1,072,500
$1,260,000
$1,665,000
13.8%
Average Price per Square Foot ...........................
$937
$729
$733
$952
1.6%
Properties Sold .......................................................
14
30
25
15
7.1%
Properties Pending Sale .......................................
22
29
13
16
-27.3%
Properties For Sale ................................................
149
153
134
118
-20.8%
Days on Market (Pending Sale) ...........................
109
102
81
94
-13.8%
Month’s Supply of Inventory ................................
10.6
5.1
5.4
7.9
-26.1%
Percent Under Contract ........................................
14.8%
19.0%
9.7%
13.6%
-8.2%
Average Median Price for Last 12 Months ........
$1,255,000
$1,509,358
$1,648,717
$1,457,156
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.462
DEC
$1,665,000
JAN FEB
MEDIAN SALES PRICE
MAR
$952
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Carmel Valley DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,200,000
$1,039,000
$921,000
$721,500
-39.9%
Average Price per Square Foot ...........................
$630
$445
$426
$504
-20.0%
Properties Sold .......................................................
7
17
15
6
-14.3%
Properties Pending Sale .......................................
12
17
11
9
-25.0%
Properties For Sale ................................................
111
99
97
93
-16.2%
Days on Market (Pending Sale) ...........................
103
66
181
78
-24.3%
Month’s Supply of Inventory ................................
15.9
5.8
6.5
15.5
-2.3%
Percent Under Contract ........................................
10.8%
17.2%
11.3%
9.7%
-10.5%
Average Median Price for Last 12 Months ........
$900,000
$842,417
$858,833
$988,596
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.200
NOV DEC
$721,500
JAN FEB
MEDIAN SALES PRICE
MAR
$504
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
15.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$721 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Pacific Grove DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$695,000
$702,500
$717,500
$840,000
20.9%
Average Price per Square Foot ...........................
$517
$460
$553
$610
18.0%
Properties Sold .......................................................
11
14
12
13
18.2%
Properties Pending Sale .......................................
13
12
13
13
0.0%
Properties For Sale ................................................
50
58
64
58
16.0%
Days on Market (Pending Sale) ...........................
94
50
27
73
-22.3%
Month’s Supply of Inventory ................................
4.5
4.1
5.3
4.5
-1.8%
Percent Under Contract ........................................
26.0%
20.7%
20.3%
22.4%
-13.8%
Average Median Price for Last 12 Months ........
$677,000
$746,667
$773,000
$738,419
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$695
DEC
$840,000
JAN FEB
MEDIAN SALES PRICE
MAR
$610
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Pebble Beach DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$1,027,725
$1,445,000
$1,610,000
$1,175,000
14.3%
Average Price per Square Foot ...........................
$529
$995
$578
$430
-18.7%
Properties Sold .......................................................
6
13
8
5
-16.7%
Properties Pending Sale .......................................
10
11
16
10
0.0%
Properties For Sale ................................................
92
79
98
84
-8.7%
Days on Market (Pending Sale) ...........................
150
116
158
80
-46.7%
Month’s Supply of Inventory ................................
15.3
6.1
12.2
16.8
9.6%
Percent Under Contract ........................................
10.9%
13.9%
16.3%
11.9%
9.5%
Average Median Price for Last 12 Months ........
$1,313,000
$1,429,167
$1,344,167
$1,473,248
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.027
DEC
$1,175,000
JAN FEB
MEDIAN SALES PRICE
MAR
$430
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
16.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : November 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : November 2014
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Beverly Center - Miracle Mile DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$747,500
$645,500
$660,000
$670,000
-10.4%
Average Price per Square Foot ...........................
$538
$504
$487
$490
-8.9%
Properties Sold .......................................................
12
8
13
7
-41.7%
Properties Pending Sale .......................................
14
15
10
7
-50.0%
Properties For Sale ................................................
37
39
34
36
-2.7%
Days on Market (Pending Sale) ...........................
61
27
44
73
19.7%
Month’s Supply of Inventory ................................
3.1
4.9
2.6
5.1
66.8%
Percent Under Contract ........................................
37.8%
38.5%
29.4%
19.4%
-48.6%
Average Median Price for Last 12 Months ........
$590,000
$600,833
$613,333
$650,962
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$747
DEC
$670,000
JAN FEB
MEDIAN SALES PRICE
MAR
$490
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Beverly Hills DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$905,000
$1,152,500
$1,259,000
$784,500
-13.3%
Average Price per Square Foot ...........................
$573
$716
$1,054
$702
22.5%
Properties Sold .......................................................
4
12
9
6
50.0%
Properties Pending Sale .......................................
8
11
8
7
-12.5%
Properties For Sale ................................................
49
56
56
55
12.2%
Days on Market (Pending Sale) ...........................
37
42
48
89
140.5%
Month’s Supply of Inventory ................................
12.2
4.7
6.2
9.2
-25.2%
Percent Under Contract ........................................
16.3%
19.6%
14.3%
12.7%
-22.0%
Average Median Price for Last 12 Months ........
$862,000
$1,075,667
$1,119,000
$1,063,615
23.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$905
DEC
$784,500
JAN FEB
MEDIAN SALES PRICE
MAR
$702
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Brentwood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$600,000
$672,500
$809,500
$835,000
39.2%
Average Price per Square Foot ...........................
$441
$513
$560
$521
18.1%
Properties Sold .......................................................
9
20
30
14
55.6%
Properties Pending Sale .......................................
15
20
28
15
0.0%
Properties For Sale ................................................
68
86
105
75
10.3%
Days on Market (Pending Sale) ...........................
33
37
37
53
60.6%
Month’s Supply of Inventory ................................
7.6
4.3
3.5
5.4
-29.1%
Percent Under Contract ........................................
22.1%
23.3%
26.7%
20.0%
-9.3%
Average Median Price for Last 12 Months ........
$680,000
$775,833
$805,000
$761,923
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$600
DEC
$835,000
JAN FEB
MEDIAN SALES PRICE
MAR
$521
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
Culver City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$466,500
$410,000
$442,000
$415,000
-11.0%
Average Price per Square Foot ...........................
$369
$415
$416
$357
-3.3%
Properties Sold .......................................................
10
16
15
15
50.0%
Properties Pending Sale .......................................
10
22
19
13
30.0%
Properties For Sale ................................................
34
52
47
47
38.2%
Days on Market (Pending Sale) ...........................
22
28
35
46
109.1%
Month’s Supply of Inventory ................................
3.4
3.2
3.1
3.1
-7.8%
Percent Under Contract ........................................
29.4%
42.3%
40.4%
27.7%
-6.0%
Average Median Price for Last 12 Months ........
$375,000
$419,542
$416,667
$414,981
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$466
DEC
$415,000
JAN FEB
MEDIAN SALES PRICE
MAR
$357
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$415 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Encino DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$280,000
$320,000
$275,000
$287,000
2.5%
Average Price per Square Foot ...........................
$229
$267
$273
$270
17.9%
Properties Sold .......................................................
7
15
13
10
42.9%
Properties Pending Sale .......................................
13
24
14
18
38.5%
Properties For Sale ................................................
37
40
46
46
24.3%
Days on Market (Pending Sale) ...........................
44
59
57
80
81.8%
Month’s Supply of Inventory ................................
5.3
2.7
3.5
4.6
-13.0%
Percent Under Contract ........................................
35.1%
60.0%
30.4%
39.1%
11.4%
Average Median Price for Last 12 Months ........
$270,385
$285,667
$307,333
$297,000
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$280
DEC
$287,000
JAN FEB
MEDIAN SALES PRICE
MAR
$270
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$287 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Malibu DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$0
$1,025,000
$1,100,000
$845,000
0%
Average Price per Square Foot ...........................
$0
$480
$536
$607
0%
Properties Sold .......................................................
0
3
4
4
0%
Properties Pending Sale .......................................
2
1
6
0
-100.0%
Properties For Sale ................................................
24
17
33
22
-8.3%
Days on Market (Pending Sale) ...........................
23
15
51
0
-100.0%
Month’s Supply of Inventory ................................
0
5.7
8.2
5.5
0%
Percent Under Contract ........................................
8.3%
5.9%
18.2%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$683,000
$905,667
$986,667
$849,167
24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
$845,000
JAN FEB
MEDIAN SALES PRICE
MAR
$607
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Marina Del Rey DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$685,000
$817,500
$777,500
$749,500
9.4%
Average Price per Square Foot ...........................
$517
$511
$517
$530
2.5%
Properties Sold .......................................................
19
26
26
30
57.9%
Properties Pending Sale .......................................
24
32
22
20
-16.7%
Properties For Sale ................................................
148
146
110
100
-32.4%
Days on Market (Pending Sale) ...........................
64
76
104
52
-18.8%
Month’s Supply of Inventory ................................
7.8
5.6
4.2
3.3
-57.2%
Percent Under Contract ........................................
16.2%
21.9%
20.0%
20.0%
23.3%
Average Median Price for Last 12 Months ........
$694,000
$769,458
$759,750
$748,550
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$685
DEC
$749,500
JAN FEB
MEDIAN SALES PRICE
MAR
$530
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$749 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Santa Monica DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$717,750
$884,500
$1,010,000
$833,500
16.1%
Average Price per Square Foot ...........................
$651
$752
$993
$850
30.6%
Properties Sold .......................................................
32
28
53
30
-6.2%
Properties Pending Sale .......................................
28
40
51
39
39.3%
Properties For Sale ................................................
101
156
171
127
25.7%
Days on Market (Pending Sale) ...........................
42
42
44
42
0.0%
Month’s Supply of Inventory ................................
3.2
5.6
3.2
4.2
34.1%
Percent Under Contract ........................................
27.7%
25.6%
29.8%
30.7%
10.8%
Average Median Price for Last 12 Months ........
$742,000
$999,400
$981,300
$874,881
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$717
DEC
$833,500
JAN FEB
MEDIAN SALES PRICE
MAR
$850
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$833 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Sherman Oaks DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$380,000
$413,000
$390,000
$401,000
5.5%
Average Price per Square Foot ...........................
$313
$313
$295
$303
-3.2%
Properties Sold .......................................................
18
21
21
17
-5.6%
Properties Pending Sale .......................................
21
16
19
25
19.0%
Properties For Sale ................................................
35
53
49
46
31.4%
Days on Market (Pending Sale) ...........................
45
60
48
87
93.3%
Month’s Supply of Inventory ................................
1.9
2.5
2.3
2.7
39.2%
Percent Under Contract ........................................
60.0%
30.2%
38.8%
54.3%
-9.4%
Average Median Price for Last 12 Months ........
$344,308
$394,667
$394,333
$397,077
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$380
DEC
$401,000
JAN FEB
MEDIAN SALES PRICE
MAR
$303
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$401 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Studio City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$380,000
$540,000
$530,000
$613,000
61.3%
Average Price per Square Foot ...........................
$359
$340
$409
$375
4.5%
Properties Sold .......................................................
6
7
13
6
0.0%
Properties Pending Sale .......................................
12
8
9
7
-41.7%
Properties For Sale ................................................
29
37
32
32
10.3%
Days on Market (Pending Sale) ...........................
63
97
58
96
52.4%
Month’s Supply of Inventory ................................
4.8
5.3
2.5
5.3
10.3%
Percent Under Contract ........................................
41.4%
21.6%
28.1%
21.9%
-47.1%
Average Median Price for Last 12 Months ........
$435,923
$511,000
$520,667
$490,538
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$380
DEC
$613,000
JAN FEB
MEDIAN SALES PRICE
MAR
$375
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$613 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Venice DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$899,000
$1,643,000
$1,287,500
$729,000
-18.9%
Average Price per Square Foot ...........................
$597
$1,088
$885
$562
-5.9%
Properties Sold .......................................................
7
2
4
3
-57.1%
Properties Pending Sale .......................................
2
8
7
2
0.0%
Properties For Sale ................................................
10
29
30
26
160.0%
Days on Market (Pending Sale) ...........................
102
14
76
128
25.5%
Month’s Supply of Inventory ................................
1.4
14.5
7.5
8.7
506.7%
Percent Under Contract ........................................
20.0%
27.6%
23.3%
7.7%
-61.5%
Average Median Price for Last 12 Months ........
$1,105,000
$1,085,500
$901,333
$1,107,942
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$899
DEC
$729,000
JAN FEB
MEDIAN SALES PRICE
MAR
$562
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$729 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
West Hollywood DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$775,000
$610,000
$642,500
$644,500
-16.8%
Average Price per Square Foot ...........................
$611
$551
$542
$549
-10.1%
Properties Sold .......................................................
19
29
28
28
47.4%
Properties Pending Sale .......................................
29
32
25
23
-20.7%
Properties For Sale ................................................
128
138
135
133
3.9%
Days on Market (Pending Sale) ...........................
79
42
33
58
-26.6%
Month’s Supply of Inventory ................................
6.7
4.8
4.8
4.8
-29.5%
Percent Under Contract ........................................
22.7%
23.2%
18.5%
17.3%
-23.7%
Average Median Price for Last 12 Months ........
$530,000
$628,667
$636,500
$639,904
20.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $775
NOV DEC
$644,500
JAN FEB
MEDIAN SALES PRICE
MAR
$549
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 : November 2014
telesproperties.com
West LA DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$760,000
$706,000
$620,000
$717,000
-5.7%
Average Price per Square Foot ...........................
$460
$476
$473
$490
6.5%
Properties Sold .......................................................
9
9
13
8
-11.1%
Properties Pending Sale .......................................
7
20
14
10
42.9%
Properties For Sale ................................................
44
66
54
52
18.2%
Days on Market (Pending Sale) ...........................
47
32
38
72
53.2%
Month’s Supply of Inventory ................................
4.9
7.3
4.2
6.5
33.0%
Percent Under Contract ........................................
15.9%
30.3%
25.9%
19.2%
20.9%
Average Median Price for Last 12 Months ........
$635,000
$645,500
$654,167
$649,250
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$760
DEC
$717,000
JAN FEB
MEDIAN SALES PRICE
MAR
$490
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
Westwood - Century City DATA*
Nov 2013
6 month
3 month
Nov 2014
% change
Median Price ..........................................................
$654,000
$805,000
$750,875
$810,000
23.9%
Average Price per Square Foot ...........................
$589
$677
$571
$596
1.2%
Properties Sold .......................................................
44
39
40
33
-25.0%
Properties Pending Sale .......................................
39
44
54
41
5.1%
Properties For Sale ................................................
277
294
296
270
-2.5%
Days on Market (Pending Sale) ...........................
64
58
78
57
-10.9%
Month’s Supply of Inventory ................................
6.3
7.5
7.4
8.2
30.0%
Percent Under Contract ........................................
14.1%
15.0%
18.2%
15.2%
7.9%
Average Median Price for Last 12 Months ........
$684,000
$765,063
$770,833
$749,957
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$654
DEC
$810,000
JAN FEB
MEDIAN SALES PRICE
MAR
$596
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2014
telesproperties.com
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