micro market report luxury real estate market research November 2015 | LOS ANGELES, ORANGE COUNTY, SANTA BARBARA, MONTEREY, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : November 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : November 2015
telesproperties.com
Los Angeles County DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$518,000
$538,000
$550,000
$529,000
2.1%
Average Price per Square Foot ...........................
$418
$426
$416
$422
1.0%
Properties Sold .......................................................
3331
4472
4528
3240
-2.7%
Properties Pending Sale .......................................
3540
5246
5109
4061
14.7%
Properties For Sale ................................................
18,521
18,370
19,737
17,172
-7.3%
Days on Market (Pending Sale) ...........................
62
41
43
48
-22.6%
Month’s Supply of Inventory ................................
5.6
4.1
4.4
5.3
-4.7%
Percent Under Contract ........................................
19.1%
28.6%
25.9%
23.6%
23.7%
Average Median Price for Last 12 Months ........
$515,667
$544,829
$537,667
$529,211
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$518
DEC
$529,000
JAN FEB
MEDIAN SALES PRICE
MAR
$422
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$529 M E 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 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,450,000
$2,360,000
$2,300,000
$3,164,500
118.2%
Average Price per Square Foot ...........................
$1,188
$852
$653
$1,238
4.2%
Properties Sold .......................................................
10
13
9
7
-30.0%
Properties Pending Sale .......................................
16
16
14
4
-75.0%
Properties For Sale ................................................
123
132
122
115
-6.5%
Days on Market (Pending Sale) ...........................
92
47
50
201
118.5%
Month’s Supply of Inventory ................................
12.3
10.2
13.6
16.4
33.6%
Percent Under Contract ........................................
13.0%
12.1%
11.5%
3.5%
-73.3%
Average Median Price for Last 12 Months ........
$2,445,637
$2,252,208
$2,379,833
$2,217,942
-10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.450
DEC
$3,164,500
JAN FEB
MEDIAN SALES PRICE
MAR
$1,238
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
16.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.164 M E 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 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,499,549
$1,400,000
$1,600,000
$1,610,000
7.4%
Average Price per Square Foot ...........................
$677
$654
$757
$797
17.7%
Properties Sold .......................................................
16
17
19
15
-6.2%
Properties Pending Sale .......................................
11
19
13
11
0.0%
Properties For Sale ................................................
62
67
68
66
6.5%
Days on Market (Pending Sale) ...........................
23
23
33
45
95.7%
Month’s Supply of Inventory ................................
3.9
3.9
3.6
4.4
13.5%
Percent Under Contract ........................................
17.7%
28.4%
19.1%
16.7%
-6.1%
Average Median Price for Last 12 Months ........
$1,308,858
$1,620,333
$1,583,333
$1,495,927
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.499
DEC
$1,610,000
JAN FEB
MEDIAN SALES PRICE
MAR
$797
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.610 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 2015
telesproperties.com
Beverly Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,997,500
$6,150,000
$3,020,000
$4,175,000
39.3%
Average Price per Square Foot ...........................
$1,156
$1,238
$1,333
$1,078
-6.7%
Properties Sold .......................................................
14
20
11
7
-50.0%
Properties Pending Sale .......................................
14
17
7
14
0.0%
Properties For Sale ................................................
102
97
89
117
14.7%
Days on Market (Pending Sale) ...........................
121
47
46
62
-48.8%
Month’s Supply of Inventory ................................
7.3
4.8
8.1
16.7
129.4%
Percent Under Contract ........................................
13.7%
17.5%
7.9%
12.0%
-12.8%
Average Median Price for Last 12 Months ........
$4,315,254
$4,859,980
$5,405,794
$4,881,337
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.997
DEC
$4,175,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,078
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
16.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$4.175 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 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,616,500
$2,462,500
$2,625,000
$2,925,000
11.8%
Average Price per Square Foot ...........................
$943
$851
$858
$893
-5.3%
Properties Sold .......................................................
10
12
13
13
30.0%
Properties Pending Sale .......................................
14
13
16
9
-35.7%
Properties For Sale ................................................
130
140
160
142
9.2%
Days on Market (Pending Sale) ...........................
83
76
44
53
-36.1%
Month’s Supply of Inventory ................................
13
11.7
12.3
10.9
-16.0%
Percent Under Contract ........................................
10.8%
9.3%
10.0%
6.3%
-41.1%
Average Median Price for Last 12 Months ........
$2,393,708
$2,793,417
$2,558,333
$2,593,423
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.616
DEC
$2,925,000
JAN FEB
MEDIAN SALES PRICE
MAR
$893
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Beverlywood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$801,000
$959,000
$1,175,000
$922,500
15.2%
Average Price per Square Foot ...........................
$550
$616
$716
$631
14.7%
Properties Sold .......................................................
8
23
25
6
-25.0%
Properties Pending Sale .......................................
18
31
22
23
27.8%
Properties For Sale ................................................
54
62
65
74
37.0%
Days on Market (Pending Sale) ...........................
32
24
25
54
68.8%
Month’s Supply of Inventory ................................
6.8
2.7
2.6
12.3
82.7%
Percent Under Contract ........................................
33.3%
50.0%
33.8%
31.1%
-6.8%
Average Median Price for Last 12 Months ........
$940,875
$1,144,167
$1,037,833
$1,004,433
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$801
DEC
$922,500
JAN FEB
MEDIAN SALES PRICE
MAR
$631
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
12.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$922 M E 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 2015
telesproperties.com
Brentwood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,224,995
$2,600,000
$2,737,500
$2,750,000
23.6%
Average Price per Square Foot ...........................
$965
$880
$856
$1,108
14.8%
Properties Sold .......................................................
19
29
20
21
10.5%
Properties Pending Sale .......................................
32
22
10
12
-62.5%
Properties For Sale ................................................
110
134
131
124
12.7%
Days on Market (Pending Sale) ...........................
53
47
33
72
35.8%
Month’s Supply of Inventory ................................
5.8
4.6
6.6
5.9
2.0%
Percent Under Contract ........................................
29.1%
16.4%
7.6%
9.7%
-66.7%
Average Median Price for Last 12 Months ........
$2,646,693
$2,791,708
$2,946,500
$2,764,153
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.224
DEC
$2,750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,108
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,475,000
$2,092,500
$1,850,000
$1,512,500
2.5%
Average Price per Square Foot ...........................
$716
$765
$781
$724
1.1%
Properties Sold .......................................................
5
8
9
6
20.0%
Properties Pending Sale .......................................
12
9
8
9
-25.0%
Properties For Sale ................................................
29
26
20
21
-27.6%
Days on Market (Pending Sale) ...........................
67
31
32
50
-25.4%
Month’s Supply of Inventory ................................
5.8
3.2
2.2
3.5
-39.7%
Percent Under Contract ........................................
41.4%
34.6%
40.0%
42.9%
3.6%
Average Median Price for Last 12 Months ........
$1,599,325
$1,848,847
$1,903,027
$1,701,622
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.475
DEC
$1,512,500
JAN FEB
MEDIAN SALES PRICE
MAR
$724
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.512 M E 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 2015
telesproperties.com
Culver City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$825,000
$1,010,000
$1,075,000
$1,090,000
32.1%
Average Price per Square Foot ...........................
$557
$612
$659
$665
19.4%
Properties Sold .......................................................
8
15
25
15
87.5%
Properties Pending Sale .......................................
14
18
27
23
64.3%
Properties For Sale ................................................
45
61
85
58
28.9%
Days on Market (Pending Sale) ...........................
35
20
39
38
8.6%
Month’s Supply of Inventory ................................
5.6
4.1
3.4
3.9
-31.3%
Percent Under Contract ........................................
31.1%
29.5%
31.8%
39.7%
27.5%
Average Median Price for Last 12 Months ........
$821,760
$1,048,833
$1,058,333
$986,615
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$825
DEC
$1,090,000
JAN FEB
MEDIAN SALES PRICE
MAR
$665
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.090 M E 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 2015
telesproperties.com
Downtown DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$214,600
$304,500
$248,325
$305,000
42.1%
Average Price per Square Foot ...........................
$219
$258
$351
$265
21.0%
Properties Sold .......................................................
4
8
7
7
75.0%
Properties Pending Sale .......................................
6
4
7
11
83.3%
Properties For Sale ................................................
63
67
56
54
-14.3%
Days on Market (Pending Sale) ...........................
103
37
52
55
-46.6%
Month’s Supply of Inventory ................................
15.8
8.4
8
7.7
-51.0%
Percent Under Contract ........................................
9.5%
6.0%
12.5%
20.4%
113.9%
Average Median Price for Last 12 Months ........
$242,867
$289,046
$308,833
$289,279
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$214
DEC
$305,000
JAN FEB
MEDIAN SALES PRICE
MAR
$265
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$305 M E 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,255,000
$1,403,000
$1,575,000
$1,295,000
3.2%
Average Price per Square Foot ...........................
$656
$622
$642
$678
3.4%
Properties Sold .......................................................
25
30
19
16
-36.0%
Properties Pending Sale .......................................
28
33
22
22
-21.4%
Properties For Sale ................................................
105
129
129
113
7.6%
Days on Market (Pending Sale) ...........................
66
38
37
40
-39.4%
Month’s Supply of Inventory ................................
4.2
4.3
6.8
7.1
68.2%
Percent Under Contract ........................................
26.7%
25.6%
17.1%
19.5%
-27.0%
Average Median Price for Last 12 Months ........
$1,252,688
$1,365,333
$1,322,333
$1,332,500
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.255
DEC
$1,295,000
JAN FEB
MEDIAN SALES PRICE
MAR
$678
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Hollywood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$795,000
$995,000
$1,100,000
$849,000
6.8%
Average Price per Square Foot ...........................
$472
$601
$555
$538
14.0%
Properties Sold .......................................................
7
6
11
5
-28.6%
Properties Pending Sale .......................................
7
12
8
7
0.0%
Properties For Sale ................................................
32
39
43
51
59.4%
Days on Market (Pending Sale) ...........................
36
33
57
64
77.8%
Month’s Supply of Inventory ................................
4.6
6.5
3.9
10.2
123.1%
Percent Under Contract ........................................
21.9%
30.8%
18.6%
13.7%
-37.3%
Average Median Price for Last 12 Months ........
$838,140
$810,627
$779,633
$828,559
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$795
DEC
$849,000
JAN FEB
MEDIAN SALES PRICE
MAR
$538
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$849 M E 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 2015
telesproperties.com
Hollywood Hills East DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,048,500
$1,368,000
$1,280,000
$1,401,000
33.6%
Average Price per Square Foot ...........................
$512
$578
$600
$824
60.9%
Properties Sold .......................................................
8
11
18
37
362.5%
Properties Pending Sale .......................................
11
18
20
37
236.4%
Properties For Sale ................................................
61
79
82
311
409.8%
Days on Market (Pending Sale) ...........................
52
47
33
64
23.1%
Month’s Supply of Inventory ................................
5.5
4.4
4.1
8.4
51.6%
Percent Under Contract ........................................
18.0%
22.8%
24.4%
11.9%
-34.0%
Average Median Price for Last 12 Months ........
$1,192,048
$1,256,167
$1,219,500
$1,223,978
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.048
DEC
$1,401,000
JAN FEB
MEDIAN SALES PRICE
MAR
$824
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.401 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 2015
telesproperties.com
Laurel Canyon DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,465,000
$1,407,000
$1,345,000
$1,385,500
-5.4%
Average Price per Square Foot ...........................
$794
$761
$756
$691
-13.0%
Properties Sold .......................................................
27
28
33
26
-3.7%
Properties Pending Sale .......................................
26
21
28
27
3.8%
Properties For Sale ................................................
138
138
148
159
15.2%
Days on Market (Pending Sale) ...........................
48
24
40
43
-10.4%
Month’s Supply of Inventory ................................
5.3
6.6
5.3
5.9
11.0%
Percent Under Contract ........................................
18.8%
15.2%
18.9%
17.0%
-9.9%
Average Median Price for Last 12 Months ........
$1,353,549
$1,438,530
$1,388,500
$1,462,168
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.465
DEC
$1,385,500
JAN FEB
MEDIAN SALES PRICE
MAR
$691
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.385 M E 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 2015
telesproperties.com
Los Feliz DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,600,000
$1,037,500
$1,542,500
$1,161,700
-27.4%
Average Price per Square Foot ...........................
$615
$604
$652
$636
3.4%
Properties Sold .......................................................
11
22
28
13
18.2%
Properties Pending Sale .......................................
19
23
18
20
5.3%
Properties For Sale ................................................
68
87
93
92
35.3%
Days on Market (Pending Sale) ...........................
60
40
50
41
-31.7%
Month’s Supply of Inventory ................................
3.6
3.8
5.2
7.1
97.7%
Percent Under Contract ........................................
27.9%
26.4%
19.4%
21.7%
-22.2%
Average Median Price for Last 12 Months ........
$1,244,823
$1,502,358
$1,481,800
$1,402,988
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.600
NOV DEC
$1,161,700
JAN FEB
MEDIAN SALES PRICE
MAR
$636
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.161 M E 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 2015
telesproperties.com
Malibu DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,125,000
$1,875,000
$2,150,000
$2,310,000
8.7%
Average Price per Square Foot ...........................
$798
$804
$897
$948
18.8%
Properties Sold .......................................................
11
14
9
13
18.2%
Properties Pending Sale .......................................
15
14
22
14
-6.7%
Properties For Sale ................................................
204
192
238
204
0.0%
Days on Market (Pending Sale) ...........................
128
104
73
120
-6.2%
Month’s Supply of Inventory ................................
18.5
13.7
26.4
15.7
-15.4%
Percent Under Contract ........................................
7.4%
7.3%
9.2%
6.9%
-6.7%
Average Median Price for Last 12 Months ........
$2,327,574
$2,457,014
$2,305,694
$2,253,737
-3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.125
DEC
$2,310,000
JAN FEB
MEDIAN SALES PRICE
MAR
$948
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
15.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.310 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Malibu Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$8,200,000
$5,000,000
$4,750,000
$14,725,000
79.6%
Average Price per Square Foot ...........................
$3,513
$2,386
$1,952
$2,568
-26.9%
Properties Sold .......................................................
4
3
5
2
-50.0%
Properties Pending Sale .......................................
3
5
5
2
-33.3%
Properties For Sale ................................................
72
85
83
75
4.2%
Days on Market (Pending Sale) ...........................
119
97
107
120
0.8%
Month’s Supply of Inventory ................................
18
28.3
16.6
37.5
108.3%
Percent Under Contract ........................................
4.2%
5.9%
6.0%
2.7%
-36.0%
Average Median Price for Last 12 Months ........
$6,965,323
$6,907,083
$8,468,333
$6,003,462
-16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$8.200
DEC
$14,725,000
JAN FEB
MEDIAN SALES PRICE
MAR
$2,568
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
37.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$14.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Marina Del Rey DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,200,000
$1,062,500
$2,133,000
$1,342,500
11.9%
Average Price per Square Foot ...........................
$649
$830
$760
$642
-1.1%
Properties Sold .......................................................
5
2
4
4
-20.0%
Properties Pending Sale .......................................
1
5
5
3
200.0%
Properties For Sale ................................................
21
23
29
24
14.3%
Days on Market (Pending Sale) ...........................
174
23
24
43
-75.3%
Month’s Supply of Inventory ................................
4.2
11.5
7.2
6
42.9%
Percent Under Contract ........................................
4.8%
21.7%
17.2%
12.5%
162.5%
Average Median Price for Last 12 Months ........
$1,567,500
$1,643,708
$1,684,750
$1,659,660
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.200
DEC
$1,342,500
JAN FEB
MEDIAN SALES PRICE
MAR
$642
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.342 M E 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 2015
telesproperties.com
Mid Los Angeles DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$415,000
$475,000
$550,000
$457,450
10.2%
Average Price per Square Foot ...........................
$293
$355
$343
$344
17.4%
Properties Sold .......................................................
27
33
34
24
-11.1%
Properties Pending Sale .......................................
26
35
31
35
34.6%
Properties For Sale ................................................
132
147
124
135
2.3%
Days on Market (Pending Sale) ...........................
50
35
20
53
6.0%
Month’s Supply of Inventory ................................
4.9
4.5
3.6
5.6
15.1%
Percent Under Contract ........................................
19.7%
23.8%
25.0%
25.9%
31.6%
Average Median Price for Last 12 Months ........
$448,492
$540,158
$516,983
$497,419
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$415
DEC
$457,450
JAN FEB
MEDIAN SALES PRICE
MAR
$344
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$457 M E 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 2015
telesproperties.com
Mid Wilshire DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$470,000
$793,000
$885,000
$0
-100.0%
Average Price per Square Foot ...........................
$215
$464
$396
$0
-100.0%
Properties Sold .......................................................
3
2
7
0
-100.0%
Properties Pending Sale .......................................
4
5
6
6
50.0%
Properties For Sale ................................................
26
25
28
24
-7.7%
Days on Market (Pending Sale) ...........................
56
58
41
97
73.2%
Month’s Supply of Inventory ................................
8.7
12.5
4
n/a
n/a
Percent Under Contract ........................................
15.4%
20.0%
21.4%
25.0%
62.5%
Average Median Price for Last 12 Months ........
$646,700
$810,100
$831,500
$687,417
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$470
DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Pacific Palisades DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,539,400
$3,250,000
$2,925,000
$2,402,500
-5.4%
Average Price per Square Foot ...........................
$967
$1,096
$997
$959
-0.8%
Properties Sold .......................................................
18
33
23
14
-22.2%
Properties Pending Sale .......................................
18
28
26
24
33.3%
Properties For Sale ................................................
112
125
128
126
12.5%
Days on Market (Pending Sale) ...........................
39
41
52
50
28.2%
Month’s Supply of Inventory ................................
6.2
3.8
5.6
9
44.6%
Percent Under Contract ........................................
16.1%
22.4%
20.3%
19.0%
18.5%
Average Median Price for Last 12 Months ........
$2,597,364
$2,789,417
$2,779,667
$2,727,915
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.539
DEC
$2,402,500
JAN FEB
MEDIAN SALES PRICE
MAR
$959
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.402 M E 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 2015
telesproperties.com
Palms - Mar Vista DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,155,145
$1,175,000
$1,205,000
$1,243,000
7.6%
Average Price per Square Foot ...........................
$625
$702
$700
$735
17.6%
Properties Sold .......................................................
27
34
34
19
-29.6%
Properties Pending Sale .......................................
18
41
30
16
-11.1%
Properties For Sale ................................................
70
94
70
71
1.4%
Days on Market (Pending Sale) ...........................
50
28
34
44
-12.0%
Month’s Supply of Inventory ................................
2.6
2.8
2.1
3.7
44.1%
Percent Under Contract ........................................
25.7%
43.6%
42.9%
22.5%
-12.4%
Average Median Price for Last 12 Months ........
$1,020,659
$1,234,250
$1,276,000
$1,180,232
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.155
DEC
$1,243,000
JAN FEB
MEDIAN SALES PRICE
MAR
$735
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.243 M E 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 2015
telesproperties.com
Playa Del Rey DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$955,000
$1,850,000
$1,675,000
$1,147,500
20.2%
Average Price per Square Foot ...........................
$651
$442
$600
$790
21.4%
Properties Sold .......................................................
1
3
3
2
100.0%
Properties Pending Sale .......................................
3
3
4
4
33.3%
Properties For Sale ................................................
24
9
13
14
-41.7%
Days on Market (Pending Sale) ...........................
17
126
30
23
35.3%
Month’s Supply of Inventory ................................
24
3
4.3
7
-70.8%
Percent Under Contract ........................................
12.5%
33.3%
30.8%
28.6%
128.6%
Average Median Price for Last 12 Months ........
$1,148,826
$1,508,833
$1,437,667
$1,709,308
32.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$955
DEC
$1,147,500
JAN FEB
MEDIAN SALES PRICE
MAR
$790
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.147 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 2015
telesproperties.com
Playa Vista DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,182,500
$1,630,750
$1,357,500
$2,600,000
n/a
Average Price per Square Foot ...........................
$523
$513
$523
$804
n/a
Properties Sold .......................................................
2
2
2
1
-50.0%
Properties Pending Sale .......................................
2
1
1
1
-50.0%
Properties For Sale ................................................
6
6
4
5
-16.7%
Days on Market (Pending Sale) ...........................
53
28
106
16
-69.8%
Month’s Supply of Inventory ................................
3
3
2
n/a
n/a
Percent Under Contract ........................................
33.3%
16.7%
25.0%
20.0%
-40.0%
Average Median Price for Last 12 Months ........
$1,201,305
$1,849,300
$2,177,000
$1,797,938
33.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.182
DEC
$2,600,000
JAN FEB
MEDIAN SALES PRICE
MAR
$804
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Santa Monica DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,184,100
$2,675,000
$1,762,380
$3,009,000
37.8%
Average Price per Square Foot ...........................
$1,165
$1,166
$1,107
$1,126
-3.3%
Properties Sold .......................................................
13
27
18
16
23.1%
Properties Pending Sale .......................................
16
23
11
19
18.8%
Properties For Sale ................................................
79
94
84
95
20.3%
Days on Market (Pending Sale) ...........................
51
28
35
46
-9.8%
Month’s Supply of Inventory ................................
6.1
3.5
4.7
5.9
-2.3%
Percent Under Contract ........................................
20.3%
24.5%
13.1%
20.0%
-1.2%
Average Median Price for Last 12 Months ........
$1,912,675
$2,164,016
$2,117,239
$2,315,103
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.184
DEC
$3,009,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,126
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.009 M E 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 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,050,525
$1,573,750
$1,525,500
$1,401,000
-31.7%
Average Price per Square Foot ...........................
$871
$772
$824
$824
-5.4%
Properties Sold .......................................................
36
38
50
37
2.8%
Properties Pending Sale .......................................
40
30
39
37
-7.5%
Properties For Sale ................................................
279
303
300
311
11.5%
Days on Market (Pending Sale) ...........................
77
84
51
64
-16.9%
Month’s Supply of Inventory ................................
7.8
8
6
8.4
8.5%
Percent Under Contract ........................................
14.3%
9.9%
13.0%
11.9%
-17.0%
Average Median Price for Last 12 Months ........
$1,724,283
$1,671,083
$1,607,833
$1,698,113
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.050
NOV DEC
$1,401,000
JAN FEB
MEDIAN SALES PRICE
MAR
$824
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.401 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 2015
telesproperties.com
Venice DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,750,000
$2,120,000
$1,654,125
$1,675,000
-4.3%
Average Price per Square Foot ...........................
$1,016
$962
$930
$1,118
10.0%
Properties Sold .......................................................
15
16
9
16
6.7%
Properties Pending Sale .......................................
13
13
16
17
30.8%
Properties For Sale ................................................
62
77
77
84
35.5%
Days on Market (Pending Sale) ...........................
53
31
41
53
0.0%
Month’s Supply of Inventory ................................
4.1
4.8
8.6
5.2
27.0%
Percent Under Contract ........................................
21.0%
16.9%
20.8%
20.2%
-3.5%
Average Median Price for Last 12 Months ........
$1,555,669
$1,757,933
$1,731,167
$1,764,315
13.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.750
DEC
$1,675,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,118
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.675 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 2015
telesproperties.com
West Hollywood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,075,000
$1,500,500
$1,371,000
$1,403,031
30.5%
Average Price per Square Foot ...........................
$847
$940
$921
$790
-6.7%
Properties Sold .......................................................
9
12
9
9
0.0%
Properties Pending Sale .......................................
8
9
14
14
75.0%
Properties For Sale ................................................
57
50
60
53
-7.0%
Days on Market (Pending Sale) ...........................
28
21
36
40
42.9%
Month’s Supply of Inventory ................................
6.3
4.2
6.7
5.9
-7.0%
Percent Under Contract ........................................
14.0%
18.0%
23.3%
26.4%
88.2%
Average Median Price for Last 12 Months ........
$1,178,064
$1,382,172
$1,451,844
$1,460,387
19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.075
DEC
$1,403,031
JAN FEB
MEDIAN SALES PRICE
MAR
$790
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.403 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
West Los Angeles DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$905,000
$913,000
$1,200,000
$1,165,000
28.7%
Average Price per Square Foot ...........................
$781
$693
$695
$930
19.1%
Properties Sold .......................................................
7
8
11
11
57.1%
Properties Pending Sale .......................................
7
8
8
14
100.0%
Properties For Sale ................................................
41
33
31
35
-14.6%
Days on Market (Pending Sale) ...........................
51
56
47
64
25.5%
Month’s Supply of Inventory ................................
5.9
4.1
2.8
3.2
-45.7%
Percent Under Contract ........................................
17.1%
24.2%
25.8%
40.0%
134.3%
Average Median Price for Last 12 Months ........
$871,583
$1,014,046
$1,017,833
$965,023
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$905
DEC
$1,165,000
JAN FEB
MEDIAN SALES PRICE
MAR
$930
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Westchester DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$845,775
$865,500
$930,000
$939,175
11.0%
Average Price per Square Foot ...........................
$544
$572
$604
$581
6.8%
Properties Sold .......................................................
18
22
25
22
22.2%
Properties Pending Sale .......................................
28
30
25
19
-32.1%
Properties For Sale ................................................
75
67
75
59
-21.3%
Days on Market (Pending Sale) ...........................
48
27
32
36
-25.0%
Month’s Supply of Inventory ................................
4.2
3
3
2.7
-35.6%
Percent Under Contract ........................................
37.3%
44.8%
33.3%
32.2%
-13.7%
Average Median Price for Last 12 Months ........
$827,837
$924,696
$900,392
$898,195
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$845
DEC
$939,175
JAN FEB
MEDIAN SALES PRICE
MAR
$581
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$939 M E 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 2015
telesproperties.com
Westwood - Century City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,523,000
$1,650,000
$1,617,500
$1,650,000
8.3%
Average Price per Square Foot ...........................
$820
$790
$824
$820
0.0%
Properties Sold .......................................................
14
15
21
11
-21.4%
Properties Pending Sale .......................................
6
15
19
18
200.0%
Properties For Sale ................................................
52
55
74
68
30.8%
Days on Market (Pending Sale) ...........................
22
22
36
39
77.3%
Month’s Supply of Inventory ................................
3.7
3.7
3.5
6.2
66.4%
Percent Under Contract ........................................
11.5%
27.3%
25.7%
26.5%
129.4%
Average Median Price for Last 12 Months ........
$1,746,417
$1,713,625
$1,817,750
$1,703,221
-2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.523
DEC
$1,650,000
JAN FEB
MEDIAN SALES PRICE
MAR
$820
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
South Bay Macro Market DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,192,217
$1,272,650
$1,375,567
$1,276,132
7.0%
Average Price per Square Foot ...........................
$578
$584
$622
$552
-4.6%
Properties Sold .......................................................
188
272
245
154
-18.1%
Properties Pending Sale .......................................
192
303
270
210
9.4%
Properties For Sale ................................................
770
868
989
828
7.5%
Days on Market (Pending Sale) ...........................
53
39
40
40
-24.8%
Month’s Supply of Inventory ................................
4.1
3.2
4
5.4
31.3%
Percent Under Contract ........................................
24.9%
34.9%
27.3%
25.4%
1.7%
Average Median Price for Last 12 Months ........
$1,148,410
$1,264,359
$1,226,792
$1,242,799
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.192
DEC
$1,276,132
JAN FEB
MEDIAN SALES PRICE
MAR
$552
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.276 M E 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 2015
telesproperties.com
El Segundo DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,300,000
$919,000
$1,020,000
$1,277,500
-1.7%
Average Price per Square Foot ...........................
$603
$628
$495
$500
-17.1%
Properties Sold .......................................................
4
7
5
4
0.0%
Properties Pending Sale .......................................
8
10
8
5
-37.5%
Properties For Sale ................................................
13
22
26
22
69.2%
Days on Market (Pending Sale) ...........................
34
21
21
25
-26.5%
Month’s Supply of Inventory ................................
3.2
3.1
5.2
5.5
69.2%
Percent Under Contract ........................................
61.5%
45.5%
30.8%
22.7%
-63.1%
Average Median Price for Last 12 Months ........
$942,931
$1,091,667
$1,134,167
$1,031,154
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.300
DEC
$1,277,500
JAN FEB
MEDIAN SALES PRICE
MAR
$500
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.277 M E 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 2015
telesproperties.com
Hermosa Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,549,000
$2,125,000
$1,799,000
$1,920,000
24.0%
Average Price per Square Foot ...........................
$969
$940
$932
$1,022
5.5%
Properties Sold .......................................................
9
9
11
10
11.1%
Properties Pending Sale .......................................
9
16
10
5
-44.4%
Properties For Sale ................................................
37
38
41
30
-18.9%
Days on Market (Pending Sale) ...........................
75
28
47
25
-66.7%
Month’s Supply of Inventory ................................
4.1
4.2
3.7
3
-27.0%
Percent Under Contract ........................................
24.3%
42.1%
24.4%
16.7%
-31.5%
Average Median Price for Last 12 Months ........
$1,384,725
$1,848,500
$2,055,667
$1,814,615
31.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.549
DEC
$1,920,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,022
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.920 M E 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 2015
telesproperties.com
Manhattan Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,050,000
$2,300,000
$2,260,000
$2,200,000
7.3%
Average Price per Square Foot ...........................
$1,262
$946
$1,452
$866
-31.4%
Properties Sold .......................................................
26
31
25
17
-34.6%
Properties Pending Sale .......................................
17
31
25
21
23.5%
Properties For Sale ................................................
58
94
106
95
63.8%
Days on Market (Pending Sale) ...........................
39
35
33
43
10.3%
Month’s Supply of Inventory ................................
2.2
3
4.2
5.6
150.5%
Percent Under Contract ........................................
29.3%
33.0%
23.6%
22.1%
-24.6%
Average Median Price for Last 12 Months ........
$1,925,313
$2,244,250
$2,187,667
$2,126,769
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.050
DEC
$2,200,000
JAN FEB
MEDIAN SALES PRICE
MAR
$866
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Palos Verdes Estates DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,860,000
$1,572,500
$2,101,000
$1,740,000
-6.5%
Average Price per Square Foot ...........................
$713
$680
$753
$572
-19.8%
Properties Sold .......................................................
11
18
12
11
0.0%
Properties Pending Sale .......................................
10
19
26
17
70.0%
Properties For Sale ................................................
77
74
82
76
-1.3%
Days on Market (Pending Sale) ...........................
75
45
62
64
-14.7%
Month’s Supply of Inventory ................................
7
4.1
6.8
6.9
-1.3%
Percent Under Contract ........................................
13.0%
25.7%
31.7%
22.4%
72.2%
Average Median Price for Last 12 Months ........
$1,698,479
$1,857,950
$1,675,567
$1,757,669
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.860
DEC
$1,740,000
JAN FEB
MEDIAN SALES PRICE
MAR
$572
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Rancho Palos Verdes DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,037,500
$1,170,000
$1,240,000
$1,150,000
10.8%
Average Price per Square Foot ...........................
$462
$536
$512
$573
24.0%
Properties Sold .......................................................
26
34
29
23
-11.5%
Properties Pending Sale .......................................
29
53
39
26
-10.3%
Properties For Sale ................................................
128
159
181
153
19.5%
Days on Market (Pending Sale) ...........................
65
66
61
38
-41.5%
Month’s Supply of Inventory ................................
4.9
4.7
6.2
6.7
35.1%
Percent Under Contract ........................................
22.7%
33.3%
21.5%
17.0%
-25.0%
Average Median Price for Last 12 Months ........
$1,161,658
$1,194,250
$1,170,167
$1,172,923
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.037
DEC
$1,150,000
JAN FEB
MEDIAN SALES PRICE
MAR
$573
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Redondo Beach- North DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$802,000
$875,000
$847,000
$783,000
-2.4%
Average Price per Square Foot ...........................
$529
$541
$579
$506
-4.3%
Properties Sold .......................................................
10
17
18
8
-20.0%
Properties Pending Sale .......................................
13
23
19
12
-7.7%
Properties For Sale ................................................
39
54
49
34
-12.8%
Days on Market (Pending Sale) ...........................
26
31
43
35
34.6%
Month’s Supply of Inventory ................................
3.9
3.2
2.7
4.2
9.0%
Percent Under Contract ........................................
33.3%
42.6%
38.8%
35.3%
5.9%
Average Median Price for Last 12 Months ........
$785,358
$881,679
$877,667
$864,660
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$802
DEC
$783,000
JAN FEB
MEDIAN SALES PRICE
MAR
$506
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$783 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Redondo Beach- South DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,000,000
$1,204,000
$1,170,000
$1,142,500
14.2%
Average Price per Square Foot ...........................
$590
$653
$816
$674
14.2%
Properties Sold .......................................................
13
22
14
6
-53.8%
Properties Pending Sale .......................................
16
15
17
13
-18.8%
Properties For Sale ................................................
47
41
58
46
-2.1%
Days on Market (Pending Sale) ...........................
72
39
35
53
-26.4%
Month’s Supply of Inventory ................................
3.6
1.9
4.1
7.7
112.1%
Percent Under Contract ........................................
34.0%
36.6%
29.3%
28.3%
-17.0%
Average Median Price for Last 12 Months ........
$1,023,417
$1,228,583
$1,229,167
$1,186,577
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.000
DEC
$1,142,500
JAN FEB
MEDIAN SALES PRICE
MAR
$674
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.142 M E 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 2015
telesproperties.com
Rolling Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$3,147,500
$3,465,000
$4,530,000
$3,224,500
2.4%
Average Price per Square Foot ...........................
$833
$770
$924
$583
-30.0%
Properties Sold .......................................................
4
3
3
2
-50.0%
Properties Pending Sale .......................................
6
2
4
0
-100.0%
Properties For Sale ................................................
26
19
30
22
-15.4%
Days on Market (Pending Sale) ...........................
39
66
40
0
-100.0%
Month’s Supply of Inventory ................................
6.5
6.3
10
11
69.2%
Percent Under Contract ........................................
23.1%
10.5%
13.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$3,349,378
$3,608,900
$3,262,250
$3,356,006
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$3.147
DEC
$3,224,500
JAN FEB
MEDIAN SALES PRICE
MAR
$583
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
11 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.224 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 2015
telesproperties.com
Rolling Hills Estates DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,535,000
$1,721,250
$1,777,250
$1,700,000
10.7%
Average Price per Square Foot ...........................
$483
$610
$563
$537
11.2%
Properties Sold .......................................................
2
6
12
5
150.0%
Properties Pending Sale .......................................
6
6
8
7
16.7%
Properties For Sale ................................................
25
29
31
23
-8.0%
Days on Market (Pending Sale) ...........................
73
21
47
77
5.5%
Month’s Supply of Inventory ................................
12.5
4.8
2.6
4.6
-63.2%
Percent Under Contract ........................................
24.0%
20.7%
25.8%
30.4%
26.8%
Average Median Price for Last 12 Months ........
$1,366,729
$1,518,292
$1,620,000
$1,517,368
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.535
DEC
$1,700,000
JAN FEB
MEDIAN SALES PRICE
MAR
$537
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
San Pedro DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$540,500
$577,000
$547,000
$610,000
12.9%
Average Price per Square Foot ...........................
$350
$384
$377
$363
3.7%
Properties Sold .......................................................
24
38
38
19
-20.8%
Properties Pending Sale .......................................
22
44
34
37
68.2%
Properties For Sale ................................................
117
139
143
115
-1.7%
Days on Market (Pending Sale) ...........................
46
65
42
58
26.1%
Month’s Supply of Inventory ................................
4.9
3.7
3.8
6.1
24.2%
Percent Under Contract ........................................
18.8%
31.7%
23.8%
32.2%
71.1%
Average Median Price for Last 12 Months ........
$530,563
$560,167
$584,667
$548,904
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$540
DEC
$610,000
JAN FEB
MEDIAN SALES PRICE
MAR
$363
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.1 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 2015
telesproperties.com
Torrance- County Strip DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$337,999
$470,000
$516,000
$487,250
44.2%
Average Price per Square Foot ...........................
$215
$286
$275
$323
50.2%
Properties Sold .......................................................
1
7
6
6
500.0%
Properties Pending Sale .......................................
2
11
7
8
300.0%
Properties For Sale ................................................
27
26
22
19
-29.6%
Days on Market (Pending Sale) ...........................
46
24
16
20
-56.5%
Month’s Supply of Inventory ................................
27
3.7
3.7
3.2
-88.3%
Percent Under Contract ........................................
7.4%
42.3%
31.8%
42.1%
468.4%
Average Median Price for Last 12 Months ........
$425,375
$474,125
$472,083
$458,038
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$337
DEC
$487,250
JAN FEB
MEDIAN SALES PRICE
MAR
$323
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$487 M E 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 2015
telesproperties.com
Torrance- North DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$565,000
$575,000
$620,000
$633,975
12.2%
Average Price per Square Foot ...........................
$379
$424
$387
$405
6.9%
Properties Sold .......................................................
13
21
16
12
-7.7%
Properties Pending Sale .......................................
18
23
22
20
11.1%
Properties For Sale ................................................
39
50
60
64
64.1%
Days on Market (Pending Sale) ...........................
50
16
27
34
-32.0%
Month’s Supply of Inventory ................................
3
2.4
3.8
5.3
77.8%
Percent Under Contract ........................................
46.2%
46.0%
36.7%
31.2%
-32.3%
Average Median Price for Last 12 Months ........
$545,738
$608,746
$607,492
$592,725
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$565
DEC
$633,975
JAN FEB
MEDIAN SALES PRICE
MAR
$405
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$633 M E 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 2015
telesproperties.com
Torrance- South DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$811,250
$795,000
$875,000
$839,500
3.5%
Average Price per Square Foot ...........................
$471
$491
$437
$432
-8.3%
Properties Sold .......................................................
14
22
17
12
-14.3%
Properties Pending Sale .......................................
16
22
19
15
-6.2%
Properties For Sale ................................................
49
54
72
59
20.4%
Days on Market (Pending Sale) ...........................
50
31
46
31
-38.0%
Month’s Supply of Inventory ................................
3.5
2.5
4.2
4.9
40.5%
Percent Under Contract ........................................
32.7%
40.7%
26.4%
25.4%
-22.1%
Average Median Price for Last 12 Months ........
$793,896
$886,125
$878,833
$846,703
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$811
DEC
$839,500
JAN FEB
MEDIAN SALES PRICE
MAR
$432
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$839 M E 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 2015
telesproperties.com
Torrance- Southeast DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$590,000
$576,000
$563,750
$638,750
8.3%
Average Price per Square Foot ...........................
$344
$374
$351
$418
21.5%
Properties Sold .......................................................
17
16
22
10
-41.2%
Properties Pending Sale .......................................
9
16
20
12
33.3%
Properties For Sale ................................................
58
43
52
42
-27.6%
Days on Market (Pending Sale) ...........................
61
67
47
34
-44.3%
Month’s Supply of Inventory ................................
3.4
2.7
2.4
4.2
23.1%
Percent Under Contract ........................................
15.5%
37.2%
38.5%
28.6%
84.1%
Average Median Price for Last 12 Months ........
$576,156
$591,750
$577,583
$596,073
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$590
DEC
$638,750
JAN FEB
MEDIAN SALES PRICE
MAR
$418
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$638 M E 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 2015
telesproperties.com
Torrance- West DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$757,500
$745,000
$767,500
$795,000
5.0%
Average Price per Square Foot ...........................
$470
$494
$472
$504
7.2%
Properties Sold .......................................................
14
21
17
9
-35.7%
Properties Pending Sale .......................................
11
12
12
12
9.1%
Properties For Sale ................................................
30
26
36
28
-6.7%
Days on Market (Pending Sale) ...........................
44
24
30
61
38.6%
Month’s Supply of Inventory ................................
2.1
1.2
2.1
3.1
45.2%
Percent Under Contract ........................................
36.7%
46.2%
33.3%
42.9%
16.9%
Average Median Price for Last 12 Months ........
$716,438
$786,900
$786,333
$771,800
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$757
DEC
$795,000
JAN FEB
MEDIAN SALES PRICE
MAR
$504
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 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 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$738,071
$797,286
$868,571
$817,786
10.8%
Average Price per Square Foot ...........................
$395
$423
$434
$413
4.7%
Properties Sold .......................................................
341
465
529
332
-2.6%
Properties Pending Sale .......................................
409
534
563
447
9.3%
Properties For Sale ................................................
1,036
1,045
1,186
943
-9.0%
Days on Market (Pending Sale) ...........................
62
54
55
62
-1.1%
Month’s Supply of Inventory ................................
3
2.2
2.2
2.8
-6.5%
Percent Under Contract ........................................
39.5%
51.1%
47.5%
47.4%
20.1%
Average Median Price for Last 12 Months ........
$765,256
$824,131
$803,333
$796,687
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$738
DEC
$817,786
JAN FEB
MEDIAN SALES PRICE
MAR
$413
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Burbank DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$655,000
$684,000
$705,000
$730,000
11.5%
Average Price per Square Foot ...........................
$416
$448
$452
$462
11.1%
Properties Sold .......................................................
43
60
55
34
-20.9%
Properties Pending Sale .......................................
53
61
59
46
-13.2%
Properties For Sale ................................................
83
90
102
74
-10.8%
Days on Market (Pending Sale) ...........................
49
49
50
59
20.4%
Month’s Supply of Inventory ................................
1.9
1.5
1.9
2.2
12.8%
Percent Under Contract ........................................
63.9%
67.8%
57.8%
62.2%
-2.7%
Average Median Price for Last 12 Months ........
$642,833
$697,333
$707,000
$678,462
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$655
DEC
$730,000
JAN FEB
MEDIAN SALES PRICE
MAR
$462
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 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 2015
telesproperties.com
Encino DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,040,000
$1,188,000
$1,229,000
$1,210,000
16.3%
Average Price per Square Foot ...........................
$444
$471
$521
$425
-4.3%
Properties Sold .......................................................
32
46
49
33
3.1%
Properties Pending Sale .......................................
37
48
49
39
5.4%
Properties For Sale ................................................
106
133
136
109
2.8%
Days on Market (Pending Sale) ...........................
77
65
49
70
-9.1%
Month’s Supply of Inventory ................................
3.3
2.9
2.8
3.3
-0.3%
Percent Under Contract ........................................
34.9%
36.1%
36.0%
35.8%
2.5%
Average Median Price for Last 12 Months ........
$1,035,500
$1,202,167
$1,147,333
$1,141,750
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.040
DEC
$1,210,000
JAN FEB
MEDIAN SALES PRICE
MAR
$425
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.210 M E 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 2015
telesproperties.com
Glendale DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$777,000
$783,000
$768,000
$801,000
3.1%
Average Price per Square Foot ...........................
$412
$438
$426
$454
10.2%
Properties Sold .......................................................
41
56
80
35
-14.6%
Properties Pending Sale .......................................
51
63
60
57
11.8%
Properties For Sale ................................................
121
113
129
92
-24.0%
Days on Market (Pending Sale) ...........................
57
45
43
40
-29.8%
Month’s Supply of Inventory ................................
3
2
1.6
2.6
-10.9%
Percent Under Contract ........................................
42.1%
55.8%
46.5%
62.0%
47.0%
Average Median Price for Last 12 Months ........
$733,833
$822,500
$824,667
$788,231
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$777
DEC
$801,000
JAN FEB
MEDIAN SALES PRICE
MAR
$454
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 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 2015
telesproperties.com
La Crescenta DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$740,000
$761,000
$788,000
$724,000
-2.2%
Average Price per Square Foot ...........................
$405
$416
$425
$436
7.7%
Properties Sold .......................................................
10
22
21
15
50.0%
Properties Pending Sale .......................................
15
30
24
16
6.7%
Properties For Sale ................................................
20
26
29
27
35.0%
Days on Market (Pending Sale) ...........................
51
37
49
53
3.9%
Month’s Supply of Inventory ................................
2
1.2
1.4
1.8
-10.0%
Percent Under Contract ........................................
75.0%
115.4%
82.8%
59.3%
-21.0%
Average Median Price for Last 12 Months ........
$712,583
$763,167
$795,333
$748,154
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$740
DEC
$724,000
JAN FEB
MEDIAN SALES PRICE
MAR
$436
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$724 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
North Hollywood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$419,000
$465,000
$523,000
$523,000
24.8%
Average Price per Square Foot ...........................
$333
$356
$372
$365
9.6%
Properties Sold .......................................................
26
37
40
32
23.1%
Properties Pending Sale .......................................
45
42
48
37
-17.8%
Properties For Sale ................................................
87
64
82
74
-14.9%
Days on Market (Pending Sale) ...........................
53
54
40
63
18.9%
Month’s Supply of Inventory ................................
3.3
1.7
2
2.3
-30.9%
Percent Under Contract ........................................
51.7%
65.6%
58.5%
50.0%
-3.3%
Average Median Price for Last 12 Months ........
$438,583
$512,500
$515,667
$479,115
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$419
DEC
$523,000
JAN FEB
MEDIAN SALES PRICE
MAR
$365
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Shadow Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$800,000
$680,000
$655,000
$608,000
-24.0%
Average Price per Square Foot ...........................
$330
$323
$327
$324
-1.8%
Properties Sold .......................................................
3
2
5
1
-66.7%
Properties Pending Sale .......................................
2
3
7
7
250.0%
Properties For Sale ................................................
13
13
7
14
7.7%
Days on Market (Pending Sale) ...........................
68
59
59
64
-5.9%
Month’s Supply of Inventory ................................
4.3
6.5
1.4
14
223.1%
Percent Under Contract ........................................
15.4%
23.1%
100.0%
50.0%
225.0%
Average Median Price for Last 12 Months ........
$763,000
$697,000
$639,000
$708,769
-7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $800
NOV DEC
$608,000
JAN FEB
MEDIAN SALES PRICE
MAR
$324
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
14 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$608 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$825,000
$935,000
$1,030,000
$976,000
18.3%
Average Price per Square Foot ...........................
$450
$503
$468
$524
16.4%
Properties Sold .......................................................
46
51
67
30
-34.8%
Properties Pending Sale .......................................
44
62
76
57
29.5%
Properties For Sale ................................................
128
140
143
130
1.6%
Days on Market (Pending Sale) ...........................
55
43
48
54
-1.8%
Month’s Supply of Inventory ................................
2.8
2.7
2.1
4.3
55.7%
Percent Under Contract ........................................
34.4%
44.3%
53.1%
43.8%
27.6%
Average Median Price for Last 12 Months ........
$899,250
$976,833
$933,667
$952,558
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$825
DEC
$976,000
JAN FEB
MEDIAN SALES PRICE
MAR
$524
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Studio City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,123,000
$1,204,000
$1,305,000
$1,325,000
18.0%
Average Price per Square Foot ...........................
$554
$565
$560
$574
3.6%
Properties Sold .......................................................
22
28
32
33
50.0%
Properties Pending Sale .......................................
19
40
35
28
47.4%
Properties For Sale ................................................
65
80
116
85
30.8%
Days on Market (Pending Sale) ...........................
69
62
58
75
8.7%
Month’s Supply of Inventory ................................
3
2.9
3.6
2.6
-12.8%
Percent Under Contract ........................................
29.2%
50.0%
30.2%
32.9%
12.7%
Average Median Price for Last 12 Months ........
$1,163,167
$1,359,167
$1,391,667
$1,253,269
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.123
DEC
$1,325,000
JAN FEB
MEDIAN SALES PRICE
MAR
$574
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Sun Valley DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$450,000
$480,000
$450,000
$440,000
-2.2%
Average Price per Square Foot ...........................
$302
$327
$369
$341
12.9%
Properties Sold .......................................................
19
15
21
12
-36.8%
Properties Pending Sale .......................................
16
16
25
24
50.0%
Properties For Sale ................................................
40
32
41
28
-30.0%
Days on Market (Pending Sale) ...........................
69
55
55
47
-31.9%
Month’s Supply of Inventory ................................
2.1
2.1
2
2.3
10.8%
Percent Under Contract ........................................
40.0%
50.0%
61.0%
85.7%
114.3%
Average Median Price for Last 12 Months ........
$395,083
$436,667
$448,333
$435,538
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$450
DEC
$440,000
JAN FEB
MEDIAN SALES PRICE
MAR
$341
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Sunland/Tujunga DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$504,000
$496,000
$553,000
$500,000
-0.8%
Average Price per Square Foot ...........................
$324
$345
$352
$367
13.3%
Properties Sold .......................................................
24
34
34
25
4.2%
Properties Pending Sale .......................................
27
36
47
43
59.3%
Properties For Sale ................................................
62
71
81
59
-4.8%
Days on Market (Pending Sale) ...........................
66
52
50
68
3.0%
Month’s Supply of Inventory ................................
2.6
2.1
2.4
2.4
-8.6%
Percent Under Contract ........................................
43.5%
50.7%
58.0%
72.9%
67.4%
Average Median Price for Last 12 Months ........
$461,083
$502,167
$491,000
$490,269
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$504
DEC
$500,000
JAN FEB
MEDIAN SALES PRICE
MAR
$367
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Tarzana DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$775,000
$931,000
$713,000
$930,000
20.0%
Average Price per Square Foot ...........................
$310
$395
$358
$370
19.4%
Properties Sold .......................................................
20
19
26
25
25.0%
Properties Pending Sale .......................................
19
34
43
23
21.1%
Properties For Sale ................................................
90
84
112
81
-10.0%
Days on Market (Pending Sale) ...........................
70
87
65
56
-20.0%
Month’s Supply of Inventory ................................
4.5
4.4
4.3
3.2
-28.0%
Percent Under Contract ........................................
21.1%
40.5%
38.4%
28.4%
34.5%
Average Median Price for Last 12 Months ........
$874,333
$895,833
$890,333
$895,615
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$775
DEC
$930,000
JAN FEB
MEDIAN SALES PRICE
MAR
$370
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Toluca Lake DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$785,000
$1,000,000
$1,625,000
$1,100,000
40.1%
Average Price per Square Foot ...........................
$481
$543
$607
$402
-16.4%
Properties Sold .......................................................
5
9
7
3
-40.0%
Properties Pending Sale .......................................
8
10
8
6
-25.0%
Properties For Sale ................................................
17
20
18
12
-29.4%
Days on Market (Pending Sale) ...........................
78
63
100
111
42.3%
Month’s Supply of Inventory ................................
3.4
2.2
2.6
4
17.6%
Percent Under Contract ........................................
47.1%
50.0%
44.4%
50.0%
6.2%
Average Median Price for Last 12 Months ........
$1,143,833
$1,055,500
$921,333
$1,029,885
-10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$785
DEC
$1,100,000
JAN FEB
MEDIAN SALES PRICE
MAR
$402
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Valley Village DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$720,000
$825,000
$1,118,000
$820,000
13.9%
Average Price per Square Foot ...........................
$442
$457
$493
$402
-9.0%
Properties Sold .......................................................
9
13
16
5
-44.4%
Properties Pending Sale .......................................
13
11
8
5
-61.5%
Properties For Sale ................................................
23
24
18
17
-26.1%
Days on Market (Pending Sale) ...........................
42
32
42
41
-2.4%
Month’s Supply of Inventory ................................
2.6
1.8
1.1
3.4
33.0%
Percent Under Contract ........................................
56.5%
45.8%
44.4%
29.4%
-48.0%
Average Median Price for Last 12 Months ........
$761,083
$887,667
$795,000
$833,077
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$720
DEC
$820,000
JAN FEB
MEDIAN SALES PRICE
MAR
$402
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.4 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 2015
telesproperties.com
Woodland Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$720,000
$730,000
$698,000
$762,000
5.8%
Average Price per Square Foot ...........................
$324
$331
$352
$340
4.9%
Properties Sold .......................................................
41
73
76
49
19.5%
Properties Pending Sale .......................................
60
78
74
59
-1.7%
Properties For Sale ................................................
181
155
172
141
-22.1%
Days on Market (Pending Sale) ...........................
70
59
57
63
-10.0%
Month’s Supply of Inventory ................................
4.4
2.1
2.3
2.9
-34.8%
Percent Under Contract ........................................
33.1%
50.3%
43.0%
41.8%
26.2%
Average Median Price for Last 12 Months ........
$689,417
$729,333
$746,333
$718,923
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$720
DEC
$762,000
JAN FEB
MEDIAN SALES PRICE
MAR
$340
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$762 M E 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 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,048,273
$1,103,273
$1,011,000
$1,046,250
-0.2%
Average Price per Square Foot ...........................
$499
$522
$523
$500
0.1%
Properties Sold .......................................................
225
310
314
20
-91.1%
Properties Pending Sale .......................................
259
340
335
28
-89.4%
Properties For Sale ................................................
666
789
873
62
-90.7%
Days on Market (Pending Sale) ...........................
50
56
47
61
21.9%
Month’s Supply of Inventory ................................
3
2.5
2.8
3.1
3.9%
Percent Under Contract ........................................
38.9%
43.1%
38.4%
44.7%
14.9%
Average Median Price for Last 12 Months ........
$11,112,500
$1,022,466
$1,035,447
$1,024,630
-90.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.048
DEC
$1,046,250
JAN FEB
MEDIAN SALES PRICE
MAR
$500
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.046 M E 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 2015
telesproperties.com
Alhambra DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$448,000
$498,000
$624,000
$575,000
28.3%
Average Price per Square Foot ...........................
$338
$379
$395
$409
21.0%
Properties Sold .......................................................
23
38
14
18
-21.7%
Properties Pending Sale .......................................
28
40
25
18
-35.7%
Properties For Sale ................................................
92
75
50
46
-50.0%
Days on Market (Pending Sale) ...........................
53
64
36
74
39.6%
Month’s Supply of Inventory ................................
4
2
3.6
2.6
-36.1%
Percent Under Contract ........................................
30.4%
53.3%
50.0%
39.1%
28.6%
Average Median Price for Last 12 Months ........
$540,167
$572,500
$588,667
$535,615
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$448
DEC
$575,000
JAN FEB
MEDIAN SALES PRICE
MAR
$409
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Altadena DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$578,000
$675,000
$655,000
$757,000
31.0%
Average Price per Square Foot ...........................
$392
$440
$441
$422
7.7%
Properties Sold .......................................................
34
30
31
31
-8.8%
Properties Pending Sale .......................................
32
41
44
47
46.9%
Properties For Sale ................................................
60
70
54
40
-33.3%
Days on Market (Pending Sale) ...........................
64
48
43
73
14.1%
Month’s Supply of Inventory ................................
1.8
2.3
1.7
1.3
-26.9%
Percent Under Contract ........................................
53.3%
58.6%
81.5%
117.5%
120.3%
Average Median Price for Last 12 Months ........
$592,833
$698,333
$691,333
$665,769
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$578
DEC
$757,000
JAN FEB
MEDIAN SALES PRICE
MAR
$422
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$757 M E 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 2015
telesproperties.com
Arcadia DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,555,000
$1,213,000
$1,183,000
$1,405,000
-9.6%
Average Price per Square Foot ...........................
$610
$579
$560
$540
-11.5%
Properties Sold .......................................................
20
48
42
28
40.0%
Properties Pending Sale .......................................
38
49
55
34
-10.5%
Properties For Sale ................................................
169
236
277
209
23.7%
Days on Market (Pending Sale) ...........................
50
69
57
80
60.0%
Month’s Supply of Inventory ................................
8.4
4.9
6.6
7.5
-11.7%
Percent Under Contract ........................................
22.5%
20.8%
19.9%
16.3%
-27.7%
Average Median Price for Last 12 Months ........
$1,417,750
$1,326,833
$1,371,667
$1,315,423
-7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.555
DEC
$1,405,000
JAN FEB
MEDIAN SALES PRICE
MAR
$540
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.405 M E 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 2015
telesproperties.com
Duarte DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$418,000
$515,000
$409,000
$438,000
4.8%
Average Price per Square Foot ...........................
$316
$337
$362
$352
11.4%
Properties Sold .......................................................
12
13
11
11
-8.3%
Properties Pending Sale .......................................
18
17
14
17
-5.6%
Properties For Sale ................................................
29
18
29
32
10.3%
Days on Market (Pending Sale) ...........................
40
84
44
51
27.5%
Month’s Supply of Inventory ................................
2.4
1.4
2.6
2.9
20.4%
Percent Under Contract ........................................
62.1%
94.4%
48.3%
53.1%
-14.4%
Average Median Price for Last 12 Months ........
$407,250
$441,500
$458,667
$451,923
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$418
DEC
$438,000
JAN FEB
MEDIAN SALES PRICE
MAR
$352
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Eagle Rock DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$690,000
$741,000
$740,000
$683,000
-1.0%
Average Price per Square Foot ...........................
$471
$446
$435
$432
-8.3%
Properties Sold .......................................................
26
13
16
16
-38.5%
Properties Pending Sale .......................................
8
20
21
25
212.5%
Properties For Sale ................................................
21
30
32
22
4.8%
Days on Market (Pending Sale) ...........................
37
49
44
65
75.7%
Month’s Supply of Inventory ................................
0.8
2.3
2
1.4
70.2%
Percent Under Contract ........................................
38.1%
66.7%
65.6%
113.6%
198.3%
Average Median Price for Last 12 Months ........
$660,333
$700,167
$695,333
$704,846
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$690
DEC
$683,000
JAN FEB
MEDIAN SALES PRICE
MAR
$432
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$683 M E 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 2015
telesproperties.com
La Canada Flintridge DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,275,000
$1,750,000
$1,618,000
$1,775,000
39.2%
Average Price per Square Foot ...........................
$533
$603
$606
$651
22.1%
Properties Sold .......................................................
15
27
28
20
33.3%
Properties Pending Sale .......................................
19
30
24
22
15.8%
Properties For Sale ................................................
33
56
71
40
21.2%
Days on Market (Pending Sale) ...........................
68
40
59
42
-38.2%
Month’s Supply of Inventory ................................
2.2
2.1
2.5
2
-9.1%
Percent Under Contract ........................................
57.6%
53.6%
33.8%
55.0%
-4.5%
Average Median Price for Last 12 Months ........
$1,351,750
$1,562,167
$1,610,333
$1,588,540
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.275
DEC
$1,775,000
JAN FEB
MEDIAN SALES PRICE
MAR
$651
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.775 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 2015
telesproperties.com
Monrovia DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$569,000
$648,000
$610,000
$645,000
13.4%
Average Price per Square Foot ...........................
$356
$435
$394
$386
8.4%
Properties Sold .......................................................
18
31
33
12
-33.3%
Properties Pending Sale .......................................
19
39
27
22
15.8%
Properties For Sale ................................................
63
62
59
56
-11.1%
Days on Market (Pending Sale) ...........................
44
64
55
64
45.5%
Month’s Supply of Inventory ................................
3.5
2
1.8
4.7
33.3%
Percent Under Contract ........................................
30.2%
62.9%
45.8%
39.3%
30.3%
Average Median Price for Last 12 Months ........
$582,917
$644,833
$690,333
$616,000
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$569
DEC
$645,000
JAN FEB
MEDIAN SALES PRICE
MAR
$386
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Pasadena DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$720,000
$778,000
$774,000
$767,000
6.5%
Average Price per Square Foot ...........................
$554
$544
$517
$522
-5.8%
Properties Sold .......................................................
57
86
84
56
-1.8%
Properties Pending Sale .......................................
74
82
92
91
23.0%
Properties For Sale ................................................
180
174
183
173
-3.9%
Days on Market (Pending Sale) ...........................
63
53
46
55
-12.7%
Month’s Supply of Inventory ................................
3.2
2
2.2
3.1
-2.2%
Percent Under Contract ........................................
41.1%
47.1%
50.3%
52.6%
27.9%
Average Median Price for Last 12 Months ........
$737,500
$797,500
$784,000
$775,154
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$720
DEC
$767,000
JAN FEB
MEDIAN SALES PRICE
MAR
$522
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$767 M E 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 2015
telesproperties.com
San Gabriel DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$625,000
$770,000
$682,000
$710,000
13.6%
Average Price per Square Foot ...........................
$409
$438
$421
$410
0.2%
Properties Sold .......................................................
25
21
32
15
-40.0%
Properties Pending Sale .......................................
18
19
33
19
5.6%
Properties For Sale ................................................
52
65
78
61
17.3%
Days on Market (Pending Sale) ...........................
51
58
50
76
49.0%
Month’s Supply of Inventory ................................
2.1
3.1
2.4
4.1
95.5%
Percent Under Contract ........................................
34.6%
29.2%
42.3%
31.1%
-10.0%
Average Median Price for Last 12 Months ........
$673,250
$707,167
$712,333
$709,577
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$625
DEC
$710,000
JAN FEB
MEDIAN SALES PRICE
MAR
$410
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$710 M E 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 2015
telesproperties.com
San Marino DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,750,000
$2,760,000
$2,115,000
$2,650,000
-3.6%
Average Price per Square Foot ...........................
$895
$862
$851
$839
-6.3%
Properties Sold .......................................................
5
16
14
11
120.0%
Properties Pending Sale .......................................
9
14
11
14
55.6%
Properties For Sale ................................................
25
37
41
35
40.0%
Days on Market (Pending Sale) ...........................
27
66
55
40
48.1%
Month’s Supply of Inventory ................................
5
2.3
2.9
3.2
-36.4%
Percent Under Contract ........................................
36.0%
37.8%
26.8%
40.0%
11.1%
Average Median Price for Last 12 Months ........
$2,181,500
$2,288,667
$2,408,333
$2,331,308
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.750
DEC
$2,650,000
JAN FEB
MEDIAN SALES PRICE
MAR
$839
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Sierra Madre DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$998,000
$938,000
$1,065,000
$829,000
-16.9%
Average Price per Square Foot ...........................
$381
$444
$526
$433
13.6%
Properties Sold .......................................................
9
13
6
8
-11.1%
Properties Pending Sale .......................................
13
15
2
7
-46.2%
Properties For Sale ................................................
17
24
22
16
-5.9%
Days on Market (Pending Sale) ...........................
72
34
37
77
6.9%
Month’s Supply of Inventory ................................
1.9
1.8
3.7
2
5.9%
Percent Under Contract ........................................
76.5%
62.5%
9.1%
43.8%
-42.8%
Average Median Price for Last 12 Months ........
$866,583
$961,833
$948,333
$950,192
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $998
NOV DEC
$829,000
JAN FEB
MEDIAN SALES PRICE
MAR
$433
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$829 M E 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 2015
telesproperties.com
South Pasadena DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,353,000
$1,348,000
$1,270,000
$1,321,000
-2.4%
Average Price per Square Foot ...........................
$574
$617
$637
$598
4.2%
Properties Sold .......................................................
4
12
17
15
275.0%
Properties Pending Sale .......................................
11
14
12
15
36.4%
Properties For Sale ................................................
17
17
27
11
-35.3%
Days on Market (Pending Sale) ...........................
36
56
28
37
2.8%
Month’s Supply of Inventory ................................
4.2
1.4
1.6
0.7
-82.7%
Percent Under Contract ........................................
64.7%
82.4%
44.4%
136.4%
110.7%
Average Median Price for Last 12 Months ........
$1,100,667
$1,268,667
$1,320,333
$1,231,676
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.353
DEC
$1,321,000
JAN FEB
MEDIAN SALES PRICE
MAR
$598
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
0.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.321 M E 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 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : November 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : November 2015
telesproperties.com
Orange County DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$679,192
$705,000
$705,000
$700,000
3.1%
Average Price per Square Foot ...........................
$407
$426
$420
$425
4.4%
Properties Sold .......................................................
1250
1786
1693
1214
-2.9%
Properties Pending Sale .......................................
1314
1968
1783
1408
7.2%
Properties For Sale ................................................
6,376
6,990
7,480
5,952
-6.6%
Days on Market (Pending Sale) ...........................
70
47
54
64
-8.6%
Month’s Supply of Inventory ................................
5.1
3.9
4.4
4.9
-3.9%
Percent Under Contract ........................................
20.6%
28.2%
23.8%
23.7%
14.8%
Average Median Price for Last 12 Months ........
$667,762
$704,167
$698,333
$689,246
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$679
DEC
$700,000
JAN FEB
MEDIAN SALES PRICE
MAR
$425
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 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 2015
telesproperties.com
Aliso Viejo DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$705,000
$738,000
$822,500
$690,000
-2.1%
Average Price per Square Foot ...........................
$346
$366
$356
$372
7.5%
Properties Sold .......................................................
15
30
26
13
-13.3%
Properties Pending Sale .......................................
16
29
17
16
0.0%
Properties For Sale ................................................
63
73
76
62
-1.6%
Days on Market (Pending Sale) ...........................
101
30
62
74
-26.7%
Month’s Supply of Inventory ................................
4.2
2.4
2.9
4.8
13.6%
Percent Under Contract ........................................
25.4%
39.7%
22.4%
25.8%
1.6%
Average Median Price for Last 12 Months ........
$728,458
$736,083
$700,667
$723,654
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$705
DEC
$690,000
JAN FEB
MEDIAN SALES PRICE
MAR
$372
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Balboa Peninsula DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$5,875,000
$1,669,500
$1,962,500
$1,300,000
-77.9%
Average Price per Square Foot ...........................
$1,497
$744
$1,105
$1,043
-30.3%
Properties Sold .......................................................
4
2
6
1
-75.0%
Properties Pending Sale .......................................
9
5
4
3
-66.7%
Properties For Sale ................................................
41
39
34
27
-34.1%
Days on Market (Pending Sale) ...........................
112
85
100
56
-50.0%
Month’s Supply of Inventory ................................
10.2
19.5
5.7
27
163.4%
Percent Under Contract ........................................
22.0%
12.8%
11.8%
11.1%
-49.4%
Average Median Price for Last 12 Months ........
$3,240,542
$2,766,250
$2,195,000
$2,883,231
-11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $5.875
NOV DEC
$1,300,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,043
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
27 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 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,410,000
$2,500,000
$1,557,000
$3,100,000
28.6%
Average Price per Square Foot ...........................
$1,211
$1,122
$994
$1,122
-7.3%
Properties Sold .......................................................
9
15
14
15
66.7%
Properties Pending Sale .......................................
11
17
13
11
0.0%
Properties For Sale ................................................
78
93
107
88
12.8%
Days on Market (Pending Sale) ...........................
54
57
141
43
-20.4%
Month’s Supply of Inventory ................................
8.7
6.2
7.6
5.9
-32.3%
Percent Under Contract ........................................
14.1%
18.3%
12.1%
12.5%
-11.4%
Average Median Price for Last 12 Months ........
$2,369,938
$2,618,500
$2,705,000
$2,432,138
2.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.410
DEC
$3,100,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,122
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Coto de Caza DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,555,000
$1,241,316
$1,025,000
$1,491,250
-4.1%
Average Price per Square Foot ...........................
$348
$390
$314
$384
10.3%
Properties Sold .......................................................
11
26
13
6
-45.5%
Properties Pending Sale .......................................
18
19
13
16
-11.1%
Properties For Sale ................................................
118
124
125
114
-3.4%
Days on Market (Pending Sale) ...........................
83
61
65
104
25.3%
Month’s Supply of Inventory ................................
10.7
4.8
9.6
19
77.1%
Percent Under Contract ........................................
15.3%
15.3%
10.4%
14.0%
-8.0%
Average Median Price for Last 12 Months ........
$1,145,167
$1,143,333
$1,231,667
$1,198,951
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.555
DEC
$1,491,250
JAN FEB
MEDIAN SALES PRICE
MAR
$384
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
19 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.491 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Crystal Cove DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$5,999,500
$11,617,444
$5,350,000
$0
-100.0%
Average Price per Square Foot ...........................
$1,049
$1,341
$1,372
$0
-100.0%
Properties Sold .......................................................
10
14
7
0
-100.0%
Properties Pending Sale .......................................
6
12
11
0
-100.0%
Properties For Sale ................................................
23
25
21
17
-26.1%
Days on Market (Pending Sale) ...........................
45
49
474
0
-100.0%
Month’s Supply of Inventory ................................
2.3
1.8
3
n/a
n/a
Percent Under Contract ........................................
26.1%
48.0%
52.4%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$5,064,333
$5,590,500
$7,448,750
$5,402,037
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$5.999
DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Dana Point DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$969,000
$935,000
$1,065,400
$1,012,500
4.5%
Average Price per Square Foot ...........................
$596
$548
$603
$648
8.7%
Properties Sold .......................................................
22
39
36
20
-9.1%
Properties Pending Sale .......................................
34
37
32
30
-11.8%
Properties For Sale ................................................
163
186
179
153
-6.1%
Days on Market (Pending Sale) ...........................
85
58
88
85
0.0%
Month’s Supply of Inventory ................................
7.4
4.8
5
7.6
3.3%
Percent Under Contract ........................................
20.9%
19.9%
17.9%
19.6%
-6.0%
Average Median Price for Last 12 Months ........
$892,321
$1,042,400
$1,003,000
$1,034,138
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$969
DEC
$1,012,500
JAN FEB
MEDIAN SALES PRICE
MAR
$648
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.012 M E 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 2015
telesproperties.com
East Bluff - Harbor View DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,030,000
$1,870,938
$1,950,000
$1,017,550
-49.9%
Average Price per Square Foot ...........................
$654
$699
$709
$555
-15.1%
Properties Sold .......................................................
15
26
25
6
-60.0%
Properties Pending Sale .......................................
19
24
30
18
-5.3%
Properties For Sale ................................................
108
102
109
96
-11.1%
Days on Market (Pending Sale) ...........................
83
77
98
88
6.0%
Month’s Supply of Inventory ................................
7.2
3.9
4.4
16
122.2%
Percent Under Contract ........................................
17.6%
23.5%
27.5%
18.8%
6.6%
Average Median Price for Last 12 Months ........
$1,715,792
$1,707,925
$1,522,517
$1,739,230
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.030
NOV DEC
$1,017,550
JAN FEB
MEDIAN SALES PRICE
MAR
$555
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
16 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.017 M E 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 2015
telesproperties.com
East Costa Mesa DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$850,000
$818,750
$899,000
$1,085,000
27.6%
Average Price per Square Foot ...........................
$470
$537
$495
$591
25.7%
Properties Sold .......................................................
19
12
17
11
-42.1%
Properties Pending Sale .......................................
17
12
19
7
-58.8%
Properties For Sale ................................................
66
53
57
45
-31.8%
Days on Market (Pending Sale) ...........................
86
37
51
27
-68.6%
Month’s Supply of Inventory ................................
3.5
4.4
3.4
4.1
17.8%
Percent Under Contract ........................................
25.8%
22.6%
33.3%
15.6%
-39.6%
Average Median Price for Last 12 Months ........
$861,733
$917,708
$954,917
$934,652
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$850
DEC
$1,085,000
JAN FEB
MEDIAN SALES PRICE
MAR
$591
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.085 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Fountain Valley DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$679,000
$745,000
$721,000
$748,000
10.2%
Average Price per Square Foot ...........................
$353
$365
$389
$356
0.8%
Properties Sold .......................................................
15
21
28
25
66.7%
Properties Pending Sale .......................................
17
35
37
21
23.5%
Properties For Sale ................................................
56
86
93
67
19.6%
Days on Market (Pending Sale) ...........................
49
36
49
33
-32.7%
Month’s Supply of Inventory ................................
3.7
4.1
3.3
2.7
-28.2%
Percent Under Contract ........................................
30.4%
40.7%
39.8%
31.3%
3.2%
Average Median Price for Last 12 Months ........
$672,208
$730,917
$735,333
$713,269
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$679
DEC
$748,000
JAN FEB
MEDIAN SALES PRICE
MAR
$356
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$748 M E 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 2015
telesproperties.com
Huntington Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$714,500
$789,000
$848,000
$797,500
11.6%
Average Price per Square Foot ...........................
$414
$448
$456
$473
14.3%
Properties Sold .......................................................
84
121
106
94
11.9%
Properties Pending Sale .......................................
76
130
108
109
43.4%
Properties For Sale ................................................
334
409
434
346
3.6%
Days on Market (Pending Sale) ...........................
66
41
62
63
-4.5%
Month’s Supply of Inventory ................................
4
3.4
4.1
3.7
-7.4%
Percent Under Contract ........................................
22.8%
31.8%
24.9%
31.5%
38.4%
Average Median Price for Last 12 Months ........
$741,646
$803,833
$793,333
$786,423
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$714
DEC
$797,500
JAN FEB
MEDIAN SALES PRICE
MAR
$473
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$797 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Irvine DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$970,000
$917,000
$1,042,500
$972,000
0.2%
Average Price per Square Foot ...........................
$433
$465
$488
$482
11.3%
Properties Sold .......................................................
77
104
76
65
-15.6%
Properties Pending Sale .......................................
72
110
98
77
6.9%
Properties For Sale ................................................
350
439
488
365
4.3%
Days on Market (Pending Sale) ...........................
81
48
61
98
21.0%
Month’s Supply of Inventory ................................
4.5
4.2
6.4
5.6
23.5%
Percent Under Contract ........................................
20.6%
25.1%
20.1%
21.1%
2.5%
Average Median Price for Last 12 Months ........
$915,457
$973,417
$951,833
$953,203
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$970
DEC
$972,000
JAN FEB
MEDIAN SALES PRICE
MAR
$482
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$972 M E 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 2015
telesproperties.com
Ladera Ranch DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$739,150
$885,000
$890,000
$780,000
5.5%
Average Price per Square Foot ...........................
$326
$333
$341
$330
1.2%
Properties Sold .......................................................
15
24
29
15
0.0%
Properties Pending Sale .......................................
27
39
31
28
3.7%
Properties For Sale ................................................
118
145
144
104
-11.9%
Days on Market (Pending Sale) ...........................
107
75
58
71
-33.6%
Month’s Supply of Inventory ................................
7.9
6
5
6.9
-11.9%
Percent Under Contract ........................................
22.9%
26.9%
21.5%
26.9%
17.7%
Average Median Price for Last 12 Months ........
$855,380
$876,058
$871,633
$851,000
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$739
DEC
$780,000
JAN FEB
MEDIAN SALES PRICE
MAR
$330
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Laguna Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,600,000
$2,351,000
$1,712,000
$2,285,000
42.8%
Average Price per Square Foot ...........................
$908
$1,125
$976
$1,139
25.4%
Properties Sold .......................................................
31
33
24
17
-45.2%
Properties Pending Sale .......................................
32
28
34
29
-9.4%
Properties For Sale ................................................
225
270
278
229
1.8%
Days on Market (Pending Sale) ...........................
118
70
90
107
-9.3%
Month’s Supply of Inventory ................................
7.3
8.2
11.6
13.5
85.6%
Percent Under Contract ........................................
14.2%
10.4%
12.2%
12.7%
-11.0%
Average Median Price for Last 12 Months ........
$1,920,042
$1,910,333
$2,070,000
$1,881,442
-2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.600
DEC
$2,285,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,139
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.285 M E 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 2015
telesproperties.com
Laguna Niguel DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$831,000
$909,000
$795,000
$917,500
10.4%
Average Price per Square Foot ...........................
$364
$402
$396
$417
14.6%
Properties Sold .......................................................
48
64
76
48
0.0%
Properties Pending Sale .......................................
52
64
69
41
-21.2%
Properties For Sale ................................................
277
295
293
205
-26.0%
Days on Market (Pending Sale) ...........................
82
77
61
63
-23.2%
Month’s Supply of Inventory ................................
5.8
4.6
3.9
4.3
-26.0%
Percent Under Contract ........................................
18.8%
21.7%
23.5%
20.0%
6.5%
Average Median Price for Last 12 Months ........
$802,579
$862,375
$897,750
$847,635
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$831
DEC
$917,500
JAN FEB
MEDIAN SALES PRICE
MAR
$417
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$917 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Laguna Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$780,750
$855,000
$740,000
$660,000
-15.5%
Average Price per Square Foot ...........................
$328
$355
$352
$331
0.9%
Properties Sold .......................................................
13
14
25
21
61.5%
Properties Pending Sale .......................................
23
21
24
27
17.4%
Properties For Sale ................................................
92
115
147
111
20.7%
Days on Market (Pending Sale) ...........................
74
39
65
77
4.1%
Month’s Supply of Inventory ................................
7.1
8.2
5.9
5.3
-25.3%
Percent Under Contract ........................................
25.0%
18.3%
16.3%
24.3%
-2.7%
Average Median Price for Last 12 Months ........
$734,846
$819,497
$869,993
$790,902
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$780
DEC
$660,000
JAN FEB
MEDIAN SALES PRICE
MAR
$331
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$660 M E 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 2015
telesproperties.com
Laguna Woods DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
1
0
0
n/a
Properties For Sale ................................................
0
1
1
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
100.0%
0.0%
n/a
n/a
Average Median Price for Last 12 Months ........
$647,333
$841,500
$798,000
$841,500
30.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,312,500
$2,525,000
$1,794,500
$4,575,000
97.8%
Average Price per Square Foot ...........................
$997
$984
$883
$1,321
32.5%
Properties Sold .......................................................
2
8
50
3
50.0%
Properties Pending Sale .......................................
0
6
50
2
n/a
Properties For Sale ................................................
36
36
302
26
-27.8%
Days on Market (Pending Sale) ...........................
0
108
83
143
n/a
Month’s Supply of Inventory ................................
18
4.5
6
8.7
-51.9%
Percent Under Contract ........................................
0.0%
16.7%
16.6%
7.7%
n/a
Average Median Price for Last 12 Months ........
$3,146,029
$3,595,667
$3,643,167
$3,171,568
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.312
DEC
$4,575,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,321
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$4.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Mission Viejo DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$600,000
$685,000
$690,000
$650,000
8.3%
Average Price per Square Foot ...........................
$330
$337
$335
$352
6.7%
Properties Sold .......................................................
58
119
107
69
19.0%
Properties Pending Sale .......................................
74
128
88
76
2.7%
Properties For Sale ................................................
284
328
340
254
-10.6%
Days on Market (Pending Sale) ...........................
63
40
59
53
-15.9%
Month’s Supply of Inventory ................................
4.9
2.8
3.2
3.7
-24.8%
Percent Under Contract ........................................
26.1%
39.0%
25.9%
29.9%
14.8%
Average Median Price for Last 12 Months ........
$630,700
$668,650
$656,633
$655,915
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$600
DEC
$650,000
JAN FEB
MEDIAN SALES PRICE
MAR
$352
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Nelle Gail DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$780,750
$855,000
$760,000
$660,000
-15.5%
Average Price per Square Foot ...........................
$347
$355
$354
$331
-4.6%
Properties Sold .......................................................
12
14
24
21
75.0%
Properties Pending Sale .......................................
17
20
23
27
58.8%
Properties For Sale ................................................
91
115
143
111
22.0%
Days on Market (Pending Sale) ...........................
106
42
67
77
-27.4%
Month’s Supply of Inventory ................................
7.6
8.2
6
5.3
-30.3%
Percent Under Contract ........................................
18.7%
17.4%
16.1%
24.3%
30.2%
Average Median Price for Last 12 Months ........
$747,708
$828,665
$876,663
$808,392
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$780
DEC
$660,000
JAN FEB
MEDIAN SALES PRICE
MAR
$331
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$660 M E 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 2015
telesproperties.com
Newport Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,595,000
$2,165,000
$1,875,000
$1,775,000
11.3%
Average Price per Square Foot ...........................
$845
$911
$921
$836
-1.1%
Properties Sold .......................................................
43
53
58
41
-4.7%
Properties Pending Sale .......................................
46
61
53
42
-8.7%
Properties For Sale ................................................
311
343
339
281
-9.6%
Days on Market (Pending Sale) ...........................
89
79
84
74
-16.9%
Month’s Supply of Inventory ................................
7.2
6.5
5.8
6.9
-5.2%
Percent Under Contract ........................................
14.8%
17.8%
15.6%
14.9%
1.1%
Average Median Price for Last 12 Months ........
$1,812,092
$1,916,042
$1,950,000
$1,853,505
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.595
DEC
$1,775,000
JAN FEB
MEDIAN SALES PRICE
MAR
$836
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.775 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 2015
telesproperties.com
Newport Coast DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$4,191,925
$3,025,000
$2,918,000
$2,175,000
-48.1%
Average Price per Square Foot ...........................
$1,006
$878
$999
$747
-25.7%
Properties Sold .......................................................
9
14
7
6
-33.3%
Properties Pending Sale .......................................
4
14
11
9
125.0%
Properties For Sale ................................................
80
84
106
94
17.5%
Days on Market (Pending Sale) ...........................
376
108
78
69
-81.6%
Month’s Supply of Inventory ................................
8.9
6
15.1
15.7
76.2%
Percent Under Contract ........................................
5.0%
16.7%
10.4%
9.6%
91.5%
Average Median Price for Last 12 Months ........
$3,164,881
$3,212,010
$2,963,854
$3,222,999
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.191
NOV DEC
$2,175,000
JAN FEB
MEDIAN SALES PRICE
MAR
$747
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
15.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.175 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 2015
telesproperties.com
Newport Heights DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,237,500
$2,202,500
$2,324,375
$1,355,000
9.5%
Average Price per Square Foot ...........................
$608
$697
$1,244
$765
25.8%
Properties Sold .......................................................
4
4
14
6
50.0%
Properties Pending Sale .......................................
6
8
17
3
-50.0%
Properties For Sale ................................................
32
38
89
25
-21.9%
Days on Market (Pending Sale) ...........................
73
77
81
61
-16.4%
Month’s Supply of Inventory ................................
8
9.5
6.4
4.2
-47.9%
Percent Under Contract ........................................
18.8%
21.1%
19.1%
12.0%
-36.0%
Average Median Price for Last 12 Months ........
$1,910,106
$1,768,229
$1,640,000
$1,700,490
-11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.237
DEC
$1,355,000
JAN FEB
MEDIAN SALES PRICE
MAR
$765
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.355 M E 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 2015
telesproperties.com
Rancho Santa Margarita DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$660,000
$680,000
$685,000
$729,000
10.5%
Average Price per Square Foot ...........................
$312
$328
$328
$317
1.6%
Properties Sold .......................................................
31
58
60
33
6.5%
Properties Pending Sale .......................................
43
61
56
41
-4.7%
Properties For Sale ................................................
189
159
178
129
-31.7%
Days on Market (Pending Sale) ...........................
74
64
53
78
5.4%
Month’s Supply of Inventory ................................
6.1
2.7
3
3.9
-35.9%
Percent Under Contract ........................................
22.8%
38.4%
31.5%
31.8%
39.7%
Average Median Price for Last 12 Months ........
$647,657
$683,583
$699,000
$666,631
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$660
DEC
$729,000
JAN FEB
MEDIAN SALES PRICE
MAR
$317
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 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 2015
telesproperties.com
San Clemente DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$853,000
$855,000
$905,000
$1,062,500
24.6%
Average Price per Square Foot ...........................
$371
$410
$396
$379
2.2%
Properties Sold .......................................................
63
82
58
48
-23.8%
Properties Pending Sale .......................................
61
78
69
56
-8.2%
Properties For Sale ................................................
327
278
329
282
-13.8%
Days on Market (Pending Sale) ...........................
77
77
72
79
2.6%
Month’s Supply of Inventory ................................
5.2
3.4
5.7
5.9
13.2%
Percent Under Contract ........................................
18.7%
28.1%
21.0%
19.9%
6.5%
Average Median Price for Last 12 Months ........
$823,954
$917,083
$947,500
$878,846
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$853
DEC
$1,062,500
JAN FEB
MEDIAN SALES PRICE
MAR
$379
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.062 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
San Juan Capistrano DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$720,000
$698,750
$835,000
$1,147,500
59.4%
Average Price per Square Foot ...........................
$356
$333
$352
$349
-2.0%
Properties Sold .......................................................
21
34
36
16
-23.8%
Properties Pending Sale .......................................
25
32
34
21
-16.0%
Properties For Sale ................................................
159
142
168
145
-8.8%
Days on Market (Pending Sale) ...........................
107
100
69
131
22.4%
Month’s Supply of Inventory ................................
7.6
4.2
4.7
9.1
19.7%
Percent Under Contract ........................................
15.7%
22.5%
20.2%
14.5%
-7.9%
Average Median Price for Last 12 Months ........
$824,824
$986,750
$976,000
$868,635
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$720
DEC
$1,147,500
JAN FEB
MEDIAN SALES PRICE
MAR
$349
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.147 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 2015
telesproperties.com
Shady Canyon DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$3,650,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$757
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
2
0
-100.0%
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
3
1
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
0
n/a
0
n/a
n/a
Percent Under Contract ........................................
0.0%
0.0%
0.0%
n/a
n/a
Average Median Price for Last 12 Months ........
$4,693,800
$6,000,000
n/a
$5,150,000
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$3.650
DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Turtle Ridge DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,239,000
$1,817,500
$2,128,000
$0
-100.0%
Average Price per Square Foot ...........................
$657
$599
$676
$0
-100.0%
Properties Sold .......................................................
3
4
2
0
-100.0%
Properties Pending Sale .......................................
2
2
4
3
50.0%
Properties For Sale ................................................
30
25
23
14
-53.3%
Days on Market (Pending Sale) ...........................
40
46
70
108
170.0%
Month’s Supply of Inventory ................................
10
6.2
11.5
n/a
n/a
Percent Under Contract ........................................
6.7%
8.0%
17.4%
21.4%
221.4%
Average Median Price for Last 12 Months ........
$2,471,291
$2,236,500
$2,425,250
$2,274,412
-8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.239
DEC
No sales
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Turtle Rock DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$970,000
$1,135,000
$1,319,000
$1,025,000
5.7%
Average Price per Square Foot ...........................
$606
$692
$648
$597
-1.5%
Properties Sold .......................................................
1
1
1
1
0.0%
Properties Pending Sale .......................................
0
7
1
0
n/a
Properties For Sale ................................................
7
11
4
2
-71.4%
Days on Market (Pending Sale) ...........................
0
28
180
0
n/a
Month’s Supply of Inventory ................................
7
11
4
2
-71.4%
Percent Under Contract ........................................
0.0%
63.6%
25.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$1,630,178
$1,310,950
$1,183,500
$1,273,091
-21.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$970
DEC
$1,025,000
JAN FEB
MEDIAN SALES PRICE
MAR
$597
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Westminster DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$543,000
$535,300
$610,000
$560,000
3.1%
Average Price per Square Foot ...........................
$327
$335
$345
$357
9.2%
Properties Sold .......................................................
29
33
32
16
-44.8%
Properties Pending Sale .......................................
36
40
37
44
22.2%
Properties For Sale ................................................
115
106
123
109
-5.2%
Days on Market (Pending Sale) ...........................
40
50
40
50
25.0%
Month’s Supply of Inventory ................................
4
3.2
3.8
6.8
71.8%
Percent Under Contract ........................................
31.3%
37.7%
30.1%
40.4%
29.0%
Average Median Price for Last 12 Months ........
$524,287
$571,625
$574,000
$555,912
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$543
DEC
$560,000
JAN FEB
MEDIAN SALES PRICE
MAR
$357
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$560 M E 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 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,487,500
$1,466,000
$1,472,500
$1,750,000
17.6%
Average Price per Square Foot ...........................
$564
$528
$551
$630
11.7%
Properties Sold .......................................................
12
13
10
15
25.0%
Properties Pending Sale .......................................
10
15
16
10
0.0%
Properties For Sale ................................................
63
70
88
65
3.2%
Days on Market (Pending Sale) ...........................
45
63
89
52
15.6%
Month’s Supply of Inventory ................................
5.2
5.4
8.8
4.3
-17.5%
Percent Under Contract ........................................
15.9%
21.4%
18.2%
15.4%
-3.1%
Average Median Price for Last 12 Months ........
$1,501,396
$1,666,917
$1,839,667
$1,583,220
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.487
DEC
$1,750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$630
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 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 2015
telesproperties.com
West Newport - Lido DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
n/a
$2,520,000
$1,775,000
$2,375,000
%
Average Price per Square Foot ...........................
n/a
$1,431
$1,072
$1,222
%
Properties Sold .......................................................
0
7
11
10
n/a
Properties Pending Sale .......................................
3
12
7
6
100.0%
Properties For Sale ................................................
46
54
58
41
-10.9%
Days on Market (Pending Sale) ...........................
117
51
97
57
-51.3%
Month’s Supply of Inventory ................................
n/a
7.7
5.3
4.1
n/a
Percent Under Contract ........................................
6.5%
22.2%
12.1%
14.6%
124.4%
Average Median Price for Last 12 Months ........
$2,069,468
$2,340,833
$2,632,500
$2,254,667
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV DEC
$2,375,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,222
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : November 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : November 2015
telesproperties.com
Carpinteria DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$820,000
$994,000
$941,000
$1,362,000
66.1%
Average Price per Square Foot ...........................
$576
$1,076
$590
$1,717
198.1%
Properties Sold .......................................................
9
9
7
4
-55.6%
Properties Pending Sale .......................................
4
8
8
6
50.0%
Properties For Sale ................................................
34
34
36
26
-23.5%
Days on Market (Pending Sale) ...........................
37
66
50
32
-13.5%
Month’s Supply of Inventory ................................
3.8
3.8
5.1
6.5
72.1%
Percent Under Contract ........................................
11.8%
23.5%
22.2%
23.1%
96.2%
Average Median Price for Last 12 Months ........
$1,352,998
$1,015,988
$1,024,000
$948,956
-29.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$820
DEC
$1,362,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,717
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.362 M E 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 2015
telesproperties.com
Goleta DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$700,000
$862,500
$775,000
$782,500
11.8%
Average Price per Square Foot ...........................
$417
$425
$556
$421
1.0%
Properties Sold .......................................................
7
16
11
10
42.9%
Properties Pending Sale .......................................
7
14
9
7
0.0%
Properties For Sale ................................................
29
34
34
25
-13.8%
Days on Market (Pending Sale) ...........................
58
22
12
67
15.5%
Month’s Supply of Inventory ................................
4.1
2.1
3.1
2.5
-39.7%
Percent Under Contract ........................................
24.1%
41.2%
26.5%
28.0%
16.0%
Average Median Price for Last 12 Months ........
$796,458
$810,119
$865,167
$778,997
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$700
DEC
$782,500
JAN FEB
MEDIAN SALES PRICE
MAR
$421
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$782 M E 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 2015
telesproperties.com
Hope Ranch DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,899,000
$2,500,000
$3,806,120
$2,418,500
27.4%
Average Price per Square Foot ...........................
$583
$725
$980
$932
59.9%
Properties Sold .......................................................
2
3
2
1
-50.0%
Properties Pending Sale .......................................
4
1
3
1
-75.0%
Properties For Sale ................................................
28
20
21
15
-46.4%
Days on Market (Pending Sale) ...........................
354
16
41
9
-97.5%
Month’s Supply of Inventory ................................
14
6.7
10.5
15
7.1%
Percent Under Contract ........................................
14.3%
5.0%
14.3%
6.7%
-53.3%
Average Median Price for Last 12 Months ........
$2,963,354
$4,159,424
$4,270,500
$3,482,385
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.899
DEC
$2,418,500
JAN FEB
MEDIAN SALES PRICE
MAR
$932
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
15 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.418 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 2015
telesproperties.com
Montecito DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$2,675,000
$4,395,000
$2,025,000
$2,880,000
7.7%
Average Price per Square Foot ...........................
$793
$954
$1,068
$986
24.3%
Properties Sold .......................................................
5
21
15
9
80.0%
Properties Pending Sale .......................................
11
14
17
24
118.2%
Properties For Sale ................................................
143
158
173
162
13.3%
Days on Market (Pending Sale) ...........................
128
91
146
86
-32.8%
Month’s Supply of Inventory ................................
28.6
7.5
11.5
18
-37.1%
Percent Under Contract ........................................
7.7%
8.9%
9.8%
14.8%
92.6%
Average Median Price for Last 12 Months ........
$2,738,042
$2,690,000
$2,656,667
$3,222,024
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.675
DEC
$2,880,000
JAN FEB
MEDIAN SALES PRICE
MAR
$986
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.880 M E 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 2015
telesproperties.com
Santa Barbara East of State DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,018,750
$1,691,500
$1,108,750
$1,432,500
40.6%
Average Price per Square Foot ...........................
$675
$713
$659
$768
13.8%
Properties Sold .......................................................
24
38
26
14
-41.7%
Properties Pending Sale .......................................
24
38
26
21
-12.5%
Properties For Sale ................................................
115
152
153
120
4.3%
Days on Market (Pending Sale) ...........................
89
42
33
98
10.1%
Month’s Supply of Inventory ................................
4.8
4
5.9
8.6
78.9%
Percent Under Contract ........................................
20.9%
25.0%
17.0%
17.5%
-16.1%
Average Median Price for Last 12 Months ........
$1,207,104
$1,153,208
$1,182,667
$1,207,192
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.018
DEC
$1,432,500
JAN FEB
MEDIAN SALES PRICE
MAR
$768
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.432 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Santa Barbara West of State DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,175,000
$1,045,000
$1,135,000
$979,500
-16.6%
Average Price per Square Foot ...........................
$572
$663
$654
$645
12.8%
Properties Sold .......................................................
21
31
21
16
-23.8%
Properties Pending Sale .......................................
19
31
21
17
-10.5%
Properties For Sale ................................................
75
68
75
69
-8.0%
Days on Market (Pending Sale) ...........................
59
25
23
44
-25.4%
Month’s Supply of Inventory ................................
3.6
2.2
3.6
4.3
20.8%
Percent Under Contract ........................................
25.3%
45.6%
28.0%
24.6%
-2.7%
Average Median Price for Last 12 Months ........
$1,011,542
$1,099,083
$1,031,500
$1,033,038
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.175
NOV DEC
$979,500
JAN FEB
MEDIAN SALES PRICE
MAR
$645
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$979 M E 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 2015
telesproperties.com
Santa Ynez DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$548,750
$897,000
$695,000
$641,500
16.9%
Average Price per Square Foot ...........................
$395
$421
$409
$316
-20.0%
Properties Sold .......................................................
12
18
11
16
33.3%
Properties Pending Sale .......................................
10
10
20
11
10.0%
Properties For Sale ................................................
104
99
132
129
24.0%
Days on Market (Pending Sale) ...........................
81
99
88
202
149.4%
Month’s Supply of Inventory ................................
8.7
5.5
12
8.1
-7.0%
Percent Under Contract ........................................
9.6%
10.1%
15.2%
8.5%
-11.3%
Average Median Price for Last 12 Months ........
$548,750
$763,792
$751,333
$781,192
42.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$548
DEC
$641,500
JAN FEB
MEDIAN SALES PRICE
MAR
$316
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$641 M E 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 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : November 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : November 2015
telesproperties.com
Carmel DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,665,000
$1,411,000
$1,150,000
$1,907,500
14.6%
Average Price per Square Foot ...........................
$952
$712
$535
$756
-20.6%
Properties Sold .......................................................
15
24
14
18
20.0%
Properties Pending Sale .......................................
16
27
29
29
81.2%
Properties For Sale ................................................
118
152
169
157
33.1%
Days on Market (Pending Sale) ...........................
94
39
119
101
7.4%
Month’s Supply of Inventory ................................
7.9
6.3
12.1
8.7
10.9%
Percent Under Contract ........................................
13.6%
17.8%
17.2%
18.5%
36.2%
Average Median Price for Last 12 Months ........
$1,446,554
$1,326,833
$1,522,167
$1,359,885
-6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.665
DEC
$1,907,500
JAN FEB
MEDIAN SALES PRICE
MAR
$756
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.907 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Carmel Valley DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$721,500
$1,030,000
$782,500
$920,000
27.5%
Average Price per Square Foot ...........................
$504
$460
$436
$444
-11.9%
Properties Sold .......................................................
6
12
2
5
-16.7%
Properties Pending Sale .......................................
9
15
8
6
-33.3%
Properties For Sale ................................................
93
73
69
67
-28.0%
Days on Market (Pending Sale) ...........................
78
67
63
84
7.7%
Month’s Supply of Inventory ................................
15.5
6.1
34.5
13.4
-13.5%
Percent Under Contract ........................................
9.7%
20.5%
11.6%
9.0%
-7.5%
Average Median Price for Last 12 Months ........
$970,979
$881,008
$945,637
$915,927
-5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$721
DEC
$920,000
JAN FEB
MEDIAN SALES PRICE
MAR
$444
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$920 M E 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 2015
telesproperties.com
Marina DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$435,000
$450,000
$482,500
$459,000
5.5%
Average Price per Square Foot ...........................
$241
$262
$295
$290
20.3%
Properties Sold .......................................................
13
11
14
13
0.0%
Properties Pending Sale .......................................
9
10
15
8
-11.1%
Properties For Sale ................................................
34
21
28
25
-26.5%
Days on Market (Pending Sale) ...........................
63
59
28
31
-50.8%
Month’s Supply of Inventory ................................
2.6
1.9
2
1.9
-26.5%
Percent Under Contract ........................................
26.5%
47.6%
53.6%
32.0%
20.9%
Average Median Price for Last 12 Months ........
$429,054
$453,408
$450,817
$441,796
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$435
DEC
$459,000
JAN FEB
MEDIAN SALES PRICE
MAR
$290
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$459 M E 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 2015
telesproperties.com
Monterey DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$618,000
$725,000
$655,000
$657,500
6.4%
Average Price per Square Foot ...........................
$392
$417
$406
$440
12.2%
Properties Sold .......................................................
24
19
19
22
-8.3%
Properties Pending Sale .......................................
17
17
20
20
17.6%
Properties For Sale ................................................
114
91
106
93
-18.4%
Days on Market (Pending Sale) ...........................
76
45
52
68
-10.5%
Month’s Supply of Inventory ................................
4.8
4.8
5.6
4.2
-11.0%
Percent Under Contract ........................................
14.9%
18.7%
18.9%
21.5%
44.2%
Average Median Price for Last 12 Months ........
$677,358
$707,000
$697,333
$680,827
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$618
DEC
$657,500
JAN FEB
MEDIAN SALES PRICE
MAR
$440
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$657 M E 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 2015
telesproperties.com
Pacific Grove DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$840,000
$845,000
$777,000
$912,500
8.6%
Average Price per Square Foot ...........................
$610
$589
$551
$633
3.8%
Properties Sold .......................................................
13
21
15
10
-23.1%
Properties Pending Sale .......................................
13
23
16
11
-15.4%
Properties For Sale ................................................
58
57
57
58
0.0%
Days on Market (Pending Sale) ...........................
73
35
101
70
-4.1%
Month’s Supply of Inventory ................................
4.5
2.7
3.8
5.8
30.0%
Percent Under Contract ........................................
22.4%
40.4%
28.1%
19.0%
-15.4%
Average Median Price for Last 12 Months ........
$742,038
$804,333
$864,667
$798,154
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$840
DEC
$912,500
JAN FEB
MEDIAN SALES PRICE
MAR
$633
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$912 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Pebble Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,175,000
$2,606,000
$1,412,500
$1,256,000
6.9%
Average Price per Square Foot ...........................
$430
$971
$634
$574
33.5%
Properties Sold .......................................................
5
11
6
9
80.0%
Properties Pending Sale .......................................
10
11
14
7
-30.0%
Properties For Sale ................................................
84
80
95
84
0.0%
Days on Market (Pending Sale) ...........................
80
70
116
116
45.0%
Month’s Supply of Inventory ................................
16.8
7.3
15.8
9.3
-44.4%
Percent Under Contract ........................................
11.9%
13.8%
14.7%
8.3%
-30.0%
Average Median Price for Last 12 Months ........
$1,494,333
$1,488,917
$1,770,333
$1,554,135
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.175
DEC
$1,256,000
JAN FEB
MEDIAN SALES PRICE
MAR
$574
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.256 M E 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 2015
telesproperties.com
Salinas DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$418,750
$411,675
$415,000
$415,000
-0.9%
Average Price per Square Foot ...........................
$235
$264
$272
$285
21.3%
Properties Sold .......................................................
38
64
65
52
36.8%
Properties Pending Sale .......................................
43
69
79
60
39.5%
Properties For Sale ................................................
230
208
220
191
-17.0%
Days on Market (Pending Sale) ...........................
45
42
46
55
22.2%
Month’s Supply of Inventory ................................
6.1
3.2
3.4
3.7
-39.3%
Percent Under Contract ........................................
18.7%
33.2%
35.9%
31.4%
68.0%
Average Median Price for Last 12 Months ........
$385,104
$413,575
$411,667
$411,871
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$418
DEC
$415,000
JAN FEB
MEDIAN SALES PRICE
MAR
$285
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 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 2015
telesproperties.com
Seaside DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$395,000
$410,000
$400,000
$438,750
11.1%
Average Price per Square Foot ...........................
$312
$330
$318
$369
18.3%
Properties Sold .......................................................
14
12
15
10
-28.6%
Properties Pending Sale .......................................
16
16
21
12
-25.0%
Properties For Sale ................................................
63
35
48
37
-41.3%
Days on Market (Pending Sale) ...........................
65
28
42
30
-53.8%
Month’s Supply of Inventory ................................
4.5
2.9
3.2
3.7
-17.8%
Percent Under Contract ........................................
25.4%
45.7%
43.8%
32.4%
27.7%
Average Median Price for Last 12 Months ........
$358,482
$420,708
$421,750
$391,596
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$395
DEC
$438,750
JAN FEB
MEDIAN SALES PRICE
MAR
$369
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : November 2015
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : November 2015
telesproperties.com
San Diego County DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$488,000
$525,000
$535,000
$535,000
9.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1506
2263
2136
1439
-4.4%
Properties Pending Sale .......................................
1626
2376
2188
1856
14.1%
Properties For Sale ................................................
8,708
8,707
8,821
7,318
-16.0%
Days on Market (Pending Sale) ...........................
56
43
48
49
-12.5%
Month’s Supply of Inventory ................................
5.8
3.8
4.1
5.1
-12.0%
Percent Under Contract ........................................
18.7%
27.3%
24.8%
25.4%
35.8%
Average Median Price for Last 12 Months ........
$492,225
$535,708
$528,333
$518,596
5.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$488
DEC
$535,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Carlsbad DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$770,000
$820,000
$809,000
$762,500
-1.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
63
113
111
55
-12.7%
Properties Pending Sale .......................................
84
125
123
90
7.1%
Properties For Sale ................................................
380
425
424
304
-20.0%
Days on Market (Pending Sale) ...........................
49
31
43
44
-10.2%
Month’s Supply of Inventory ................................
6
3.8
3.8
5.5
-8.4%
Percent Under Contract ........................................
22.1%
29.4%
29.0%
29.6%
33.9%
Average Median Price for Last 12 Months ........
$780,645
$828,208
$822,083
$810,673
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$770
DEC
$762,500
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$762 M E 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 2015
telesproperties.com
Carmel Valley DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,160,000
$1,244,500
$1,061,500
$1,042,500
-10.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
29
39
41
28
-3.4%
Properties Pending Sale .......................................
32
52
30
30
-6.2%
Properties For Sale ................................................
136
207
227
169
24.3%
Days on Market (Pending Sale) ...........................
53
36
41
77
45.3%
Month’s Supply of Inventory ................................
4.7
5.3
5.5
6
28.7%
Percent Under Contract ........................................
23.5%
25.1%
13.2%
17.8%
-24.6%
Average Median Price for Last 12 Months ........
$1,091,688
$1,136,917
$1,119,167
$1,139,577
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.160
DEC
$1,042,500
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.042 M E 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 2015
telesproperties.com
Chula Vista DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$434,900
$459,500
$475,000
$486,000
11.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
125
159
152
117
-6.4%
Properties Pending Sale .......................................
118
169
177
161
36.4%
Properties For Sale ................................................
502
568
538
475
-5.4%
Days on Market (Pending Sale) ...........................
59
44
45
43
-27.1%
Month’s Supply of Inventory ................................
4
3.6
3.5
4.1
1.1%
Percent Under Contract ........................................
23.5%
29.8%
32.9%
33.9%
44.2%
Average Median Price for Last 12 Months ........
$445,354
$488,568
$488,637
$467,774
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$434
DEC
$486,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$486 M E 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 2015
telesproperties.com
Coronado DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,244,500
$1,968,000
$1,700,000
$1,700,000
36.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
6
21
15
7
16.7%
Properties Pending Sale .......................................
10
16
19
14
40.0%
Properties For Sale ................................................
102
113
127
115
12.7%
Days on Market (Pending Sale) ...........................
70
78
95
99
41.4%
Month’s Supply of Inventory ................................
17
5.4
8.5
16.4
-3.4%
Percent Under Contract ........................................
9.8%
14.2%
15.0%
12.2%
24.2%
Average Median Price for Last 12 Months ........
$1,532,396
$1,746,383
$1,686,933
$1,698,831
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.244
DEC
$1,700,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
16.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Del Mar DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,274,500
$1,660,750
$1,637,500
$1,680,000
31.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
14
18
14
11
-21.4%
Properties Pending Sale .......................................
10
17
13
9
-10.0%
Properties For Sale ................................................
96
85
89
74
-22.9%
Days on Market (Pending Sale) ...........................
71
64
51
41
-42.3%
Month’s Supply of Inventory ................................
6.9
4.7
6.4
6.7
-1.9%
Percent Under Contract ........................................
10.4%
20.0%
14.6%
12.2%
16.8%
Average Median Price for Last 12 Months ........
$1,634,377
$1,897,604
$2,053,542
$1,691,452
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.274
DEC
$1,680,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
El Cajon DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$435,500
$458,000
$460,000
$442,500
1.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
72
103
91
76
5.6%
Properties Pending Sale .......................................
74
115
115
88
18.9%
Properties For Sale ................................................
443
377
418
319
-28.0%
Days on Market (Pending Sale) ...........................
66
33
48
44
-33.3%
Month’s Supply of Inventory ................................
6.2
3.7
4.6
4.2
-31.8%
Percent Under Contract ........................................
16.7%
30.5%
27.5%
27.6%
65.1%
Average Median Price for Last 12 Months ........
$415,416
$458,917
$466,333
$449,000
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$435
DEC
$442,500
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Encinitas DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,140,600
$1,350,000
$1,112,800
$1,129,000
-1.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
23
43
43
27
17.4%
Properties Pending Sale .......................................
39
39
31
33
-15.4%
Properties For Sale ................................................
171
166
160
142
-17.0%
Days on Market (Pending Sale) ...........................
60
47
43
69
15.0%
Month’s Supply of Inventory ................................
7.4
3.9
3.7
5.3
-29.3%
Percent Under Contract ........................................
22.8%
23.5%
19.4%
23.2%
1.9%
Average Median Price for Last 12 Months ........
$942,978
$1,083,133
$1,099,500
$1,100,527
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.140
DEC
$1,129,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.129 M E 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 2015
telesproperties.com
Escondido DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$438,500
$465,000
$465,000
$465,000
6.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
86
157
149
83
-3.5%
Properties Pending Sale .......................................
100
149
149
120
20.0%
Properties For Sale ................................................
562
590
552
467
-16.9%
Days on Market (Pending Sale) ...........................
52
54
59
52
0.0%
Month’s Supply of Inventory ................................
6.5
3.8
3.7
5.6
-13.9%
Percent Under Contract ........................................
17.8%
25.3%
27.0%
25.7%
44.4%
Average Median Price for Last 12 Months ........
$427,454
$462,133
$460,000
$451,177
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$438
DEC
$465,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Imperial-Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$465,000
$412,500
$415,000
$473,500
1.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
5
12
8
10
100.0%
Properties Pending Sale .......................................
5
12
16
8
60.0%
Properties For Sale ................................................
26
31
41
19
-26.9%
Days on Market (Pending Sale) ...........................
53
24
44
38
-28.3%
Month’s Supply of Inventory ................................
5.2
2.6
5.1
1.9
-63.5%
Percent Under Contract ........................................
19.2%
38.7%
39.0%
42.1%
118.9%
Average Median Price for Last 12 Months ........
$402,440
$448,958
$455,833
$448,173
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$465
DEC
$473,500
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$473 M E 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 2015
telesproperties.com
La Jolla DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$1,531,250
$1,800,000
$1,817,000
$1,975,000
29.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
18
39
30
32
77.8%
Properties Pending Sale .......................................
25
29
28
35
40.0%
Properties For Sale ................................................
236
245
261
249
5.5%
Days on Market (Pending Sale) ...........................
100
79
108
75
-25.0%
Month’s Supply of Inventory ................................
13.1
6.3
8.7
7.8
-40.7%
Percent Under Contract ........................................
10.6%
11.8%
10.7%
14.1%
32.7%
Average Median Price for Last 12 Months ........
$1,711,875
$1,858,052
$1,884,604
$1,796,043
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.531
DEC
$1,975,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.975 M E 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 2015
telesproperties.com
La Mesa DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$440,000
$480,000
$498,000
$458,000
4.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
47
63
51
30
-36.2%
Properties Pending Sale .......................................
42
64
67
43
2.4%
Properties For Sale ................................................
234
189
224
172
-26.5%
Days on Market (Pending Sale) ...........................
41
26
43
45
9.8%
Month’s Supply of Inventory ................................
5.6
3
3.3
5.7
2.9%
Percent Under Contract ........................................
17.9%
33.9%
29.9%
25.0%
39.3%
Average Median Price for Last 12 Months ........
$458,788
$481,659
$482,247
$474,135
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$440
DEC
$458,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$458 M E 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 2015
telesproperties.com
Lemon Grove DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$355,950
$375,000
$390,000
$403,500
13.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
18
19
23
8
-55.6%
Properties Pending Sale .......................................
17
23
20
17
0.0%
Properties For Sale ................................................
74
60
48
54
-27.0%
Days on Market (Pending Sale) ...........................
36
37
38
29
-19.4%
Month’s Supply of Inventory ................................
4.4
2.6
2.4
6.8
55.1%
Percent Under Contract ........................................
23.0%
38.3%
41.7%
31.5%
37.0%
Average Median Price for Last 12 Months ........
$338,746
$375,542
$366,500
$372,823
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$355
DEC
$403,500
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$403 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
National City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$310,000
$335,000
$365,000
$330,000
6.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
15
15
16
100.0%
Properties Pending Sale .......................................
14
20
17
19
35.7%
Properties For Sale ................................................
66
54
52
41
-37.9%
Days on Market (Pending Sale) ...........................
48
28
37
47
-2.1%
Month’s Supply of Inventory ................................
4.7
2.7
3.1
2.6
-45.6%
Percent Under Contract ........................................
21.2%
37.0%
32.7%
46.3%
118.5%
Average Median Price for Last 12 Months ........
$304,146
$347,333
$342,000
$333,531
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$310
DEC
$330,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Oceanside DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$445,000
$460,500
$480,000
$475,000
6.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
87
142
152
109
25.3%
Properties Pending Sale .......................................
104
177
137
112
7.7%
Properties For Sale ................................................
440
470
416
361
-18.0%
Days on Market (Pending Sale) ...........................
52
40
46
46
-11.5%
Month’s Supply of Inventory ................................
5.1
3.3
2.7
3.3
-34.5%
Percent Under Contract ........................................
23.6%
37.7%
32.9%
31.0%
31.3%
Average Median Price for Last 12 Months ........
$877,000
$477,175
$471,333
$465,804
-88.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$445
DEC
$475,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Poway DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$626,000
$702,500
$695,000
$700,000
11.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
30
42
49
29
-3.3%
Properties Pending Sale .......................................
33
53
46
28
-15.2%
Properties For Sale ................................................
170
217
205
179
5.3%
Days on Market (Pending Sale) ...........................
39
30
86
50
28.2%
Month’s Supply of Inventory ................................
5.7
5.2
4.2
6.2
8.9%
Percent Under Contract ........................................
19.4%
24.4%
22.4%
15.6%
-19.4%
Average Median Price for Last 12 Months ........
$618,250
$656,583
$658,833
$642,827
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$626
DEC
$700,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.2 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 2015
telesproperties.com
Rancho Bernardo DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$676,000
$715,500
$755,000
$725,000
7.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
69
120
99
64
-7.2%
Properties Pending Sale .......................................
72
112
101
87
20.8%
Properties For Sale ................................................
379
387
424
323
-14.8%
Days on Market (Pending Sale) ...........................
41
36
37
53
29.3%
Month’s Supply of Inventory ................................
5.5
3.2
4.3
5
-8.1%
Percent Under Contract ........................................
19.0%
28.9%
23.8%
26.9%
41.8%
Average Median Price for Last 12 Months ........
$691,067
$720,833
$714,000
$713,646
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$676
DEC
$725,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
San Marcos DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$567,000
$613,250
$583,200
$651,250
14.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
41
88
97
52
26.8%
Properties Pending Sale .......................................
63
93
93
57
-9.5%
Properties For Sale ................................................
233
264
297
198
-15.0%
Days on Market (Pending Sale) ...........................
53
43
31
39
-26.4%
Month’s Supply of Inventory ................................
5.7
3
3.1
3.8
-33.0%
Percent Under Contract ........................................
27.0%
35.2%
31.3%
28.8%
6.5%
Average Median Price for Last 12 Months ........
$545,896
$584,075
$587,917
$576,565
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$567
DEC
$651,250
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$651 M E 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 2015
telesproperties.com
Santee DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$417,000
$430,000
$433,750
$469,000
12.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
29
35
34
23
-20.7%
Properties Pending Sale .......................................
22
33
40
39
77.3%
Properties For Sale ................................................
124
85
95
91
-26.6%
Days on Market (Pending Sale) ...........................
33
24
35
20
-39.4%
Month’s Supply of Inventory ................................
4.3
2.4
2.8
4
-7.5%
Percent Under Contract ........................................
17.7%
38.8%
42.1%
42.9%
141.6%
Average Median Price for Last 12 Months ........
$410,990
$451,208
$459,667
$433,788
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$417
DEC
$469,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$469 M E 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 2015
telesproperties.com
Solana Beach DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$950,000
$1,749,000
$1,315,000
$1,598,000
68.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
5
10
5
-28.6%
Properties Pending Sale .......................................
7
7
7
10
42.9%
Properties For Sale ................................................
45
31
35
42
-6.7%
Days on Market (Pending Sale) ...........................
63
66
35
55
-12.7%
Month’s Supply of Inventory ................................
6.4
6.2
3.5
8.4
30.7%
Percent Under Contract ........................................
15.6%
22.6%
20.0%
23.8%
53.1%
Average Median Price for Last 12 Months ........
$1,378,525
$1,404,333
$1,298,500
$1,522,736
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$950
DEC
$1,598,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.598 M E 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 2015
telesproperties.com
Vista DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$425,000
$494,500
$497,000
$441,250
3.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
62
95
80
52
-16.1%
Properties Pending Sale .......................................
69
92
65
73
5.8%
Properties For Sale ................................................
362
325
257
241
-33.4%
Days on Market (Pending Sale) ...........................
51
47
45
59
15.7%
Month’s Supply of Inventory ................................
5.8
3.4
3.2
4.6
-20.6%
Percent Under Contract ........................................
19.1%
28.3%
25.3%
30.3%
58.9%
Average Median Price for Last 12 Months ........
$425,970
$468,003
$458,840
$451,263
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$425
DEC
$441,250
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$441 M E 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 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : November 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : November 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$670,000
$575,000
$849,000
$738,188
10.2%
Average Price per Square Foot ...........................
$490
$501
$561
$490
0.0%
Properties Sold .......................................................
7
7
9
4
-42.9%
Properties Pending Sale .......................................
7
5
12
6
-14.3%
Properties For Sale ................................................
36
25
42
31
-13.9%
Days on Market (Pending Sale) ...........................
73
31
34
48
-34.2%
Month’s Supply of Inventory ................................
5.1
3.6
4.7
7.8
50.7%
Percent Under Contract ........................................
19.4%
20.0%
28.6%
19.4%
-0.5%
Average Median Price for Last 12 Months ........
$628,500
$744,698
$741,063
$702,491
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$670
DEC
$738,188
JAN FEB
MEDIAN SALES PRICE
MAR
$490
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$738 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Beverly Hills DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$784,500
$1,200,000
$1,090,000
$1,150,000
46.6%
Average Price per Square Foot ...........................
$702
$678
$936
$665
-5.3%
Properties Sold .......................................................
6
9
11
5
-16.7%
Properties Pending Sale .......................................
7
14
7
11
57.1%
Properties For Sale ................................................
55
53
55
53
-3.6%
Days on Market (Pending Sale) ...........................
89
50
54
76
-14.6%
Month’s Supply of Inventory ................................
9.2
5.9
5
10.6
15.6%
Percent Under Contract ........................................
12.7%
26.4%
12.7%
20.8%
63.1%
Average Median Price for Last 12 Months ........
$1,034,245
$1,215,000
$1,366,667
$1,126,222
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$784
DEC
$1,150,000
JAN FEB
MEDIAN SALES PRICE
MAR
$665
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Brentwood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$835,000
$825,000
$775,000
$832,500
-0.3%
Average Price per Square Foot ...........................
$521
$538
$532
$630
20.9%
Properties Sold .......................................................
14
15
10
13
-7.1%
Properties Pending Sale .......................................
15
29
18
22
46.7%
Properties For Sale ................................................
75
85
84
80
6.7%
Days on Market (Pending Sale) ...........................
53
30
46
32
-39.6%
Month’s Supply of Inventory ................................
5.4
5.7
8.4
6.2
14.9%
Percent Under Contract ........................................
20.0%
34.1%
21.4%
27.5%
37.5%
Average Median Price for Last 12 Months ........
$723,081
$765,500
$760,500
$746,146
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$835
DEC
$832,500
JAN FEB
MEDIAN SALES PRICE
MAR
$630
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$832 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Culver City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$415,000
$557,500
$425,000
$426,000
2.7%
Average Price per Square Foot ...........................
$357
$428
$442
$441
23.5%
Properties Sold .......................................................
15
28
19
13
-13.3%
Properties Pending Sale .......................................
13
24
21
19
46.2%
Properties For Sale ................................................
47
44
44
37
-21.3%
Days on Market (Pending Sale) ...........................
46
31
26
17
-63.0%
Month’s Supply of Inventory ................................
3.1
1.6
2.3
2.8
-9.2%
Percent Under Contract ........................................
27.7%
54.5%
47.7%
51.4%
85.7%
Average Median Price for Last 12 Months ........
$392,083
$425,167
$434,500
$431,885
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$415
DEC
$426,000
JAN FEB
MEDIAN SALES PRICE
MAR
$441
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$426 M E 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 2015
telesproperties.com
Downtown DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$485,000
$595,000
$535,000
$537,050
10.7%
Average Price per Square Foot ...........................
$558
$576
$627
$640
14.7%
Properties Sold .......................................................
27
43
44
34
25.9%
Properties Pending Sale .......................................
26
32
47
34
30.8%
Properties For Sale ................................................
179
171
200
164
-8.4%
Days on Market (Pending Sale) ...........................
54
56
60
53
-1.9%
Month’s Supply of Inventory ................................
6.6
4
4.5
4.8
-27.2%
Percent Under Contract ........................................
14.5%
18.7%
23.5%
20.7%
42.7%
Average Median Price for Last 12 Months ........
$530,252
$566,175
$563,183
$559,158
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$485
DEC
$537,050
JAN FEB
MEDIAN SALES PRICE
MAR
$640
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$537 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Encino DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$287,000
$337,000
$300,000
$300,000
4.5%
Average Price per Square Foot ...........................
$270
$292
$272
$283
4.8%
Properties Sold .......................................................
10
12
16
18
80.0%
Properties Pending Sale .......................................
18
21
20
18
0.0%
Properties For Sale ................................................
46
35
36
25
-45.7%
Days on Market (Pending Sale) ...........................
80
47
65
57
-28.7%
Month’s Supply of Inventory ................................
4.6
2.9
2.2
1.4
-69.8%
Percent Under Contract ........................................
39.1%
60.0%
55.6%
72.0%
84.0%
Average Median Price for Last 12 Months ........
$299,250
$312,667
$303,000
$315,846
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$287
DEC
$300,000
JAN FEB
MEDIAN SALES PRICE
MAR
$283
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2015
telesproperties.com
Malibu DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$845,000
$580,000
$583,000
n/a
%
Average Price per Square Foot ...........................
$607
$627
$568
n/a
%
Properties Sold .......................................................
4
4
3
0
-100.0%
Properties Pending Sale .......................................
0
8
2
1
n/a
Properties For Sale ................................................
22
28
21
16
-27.3%
Days on Market (Pending Sale) ...........................
0
122
124
183
n/a
Month’s Supply of Inventory ................................
5.5
7
7
n/a
n/a
Percent Under Contract ........................................
0.0%
28.6%
9.5%
6.2%
n/a
Average Median Price for Last 12 Months ........
$1,028,583
$621,039
$542,597
$757,100
-26.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$845
DEC
n/a
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
n/a 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 2015
telesproperties.com
Marina Del Rey DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$749,500
$860,000
$1,008,710
$865,000
15.4%
Average Price per Square Foot ...........................
$530
$626
$701
$622
17.4%
Properties Sold .......................................................
30
31
16
16
-46.7%
Properties Pending Sale .......................................
20
32
25
17
-15.0%
Properties For Sale ................................................
100
127
100
84
-16.0%
Days on Market (Pending Sale) ...........................
52
40
61
39
-25.0%
Month’s Supply of Inventory ................................
3.3
4.1
6.2
5.2
57.5%
Percent Under Contract ........................................
20.0%
25.2%
25.0%
20.2%
1.2%
Average Median Price for Last 12 Months ........
$788,279
$875,785
$866,667
$862,593
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$749
DEC
$865,000
JAN FEB
MEDIAN SALES PRICE
MAR
$622
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Santa Monica DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$833,500
$1,099,000
$1,050,000
$1,178,087
41.3%
Average Price per Square Foot ...........................
$850
$895
$989
$1,108
30.4%
Properties Sold .......................................................
30
49
39
23
-23.3%
Properties Pending Sale .......................................
39
52
26
33
-15.4%
Properties For Sale ................................................
127
171
109
102
-19.7%
Days on Market (Pending Sale) ...........................
42
46
36
53
26.2%
Month’s Supply of Inventory ................................
4.2
3.5
2.8
4.4
4.8%
Percent Under Contract ........................................
30.7%
30.4%
23.9%
32.4%
5.4%
Average Median Price for Last 12 Months ........
$839,088
$992,723
$1,039,112
$984,468
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$833
DEC
$1,178,087
JAN FEB
MEDIAN SALES PRICE
MAR
$1,108
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.178 M E 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 2015
telesproperties.com
Sherman Oaks DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$401,000
$434,000
$446,000
$435,000
8.5%
Average Price per Square Foot ...........................
$303
$307
$347
$310
2.3%
Properties Sold .......................................................
17
19
24
10
-41.2%
Properties Pending Sale .......................................
25
34
24
16
-36.0%
Properties For Sale ................................................
46
38
36
27
-41.3%
Days on Market (Pending Sale) ...........................
87
67
41
41
-52.9%
Month’s Supply of Inventory ................................
2.7
2
1.5
2.7
-0.2%
Percent Under Contract ........................................
54.3%
89.5%
66.7%
59.3%
9.0%
Average Median Price for Last 12 Months ........
$402,000
$438,333
$440,333
$430,615
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$401
DEC
$435,000
JAN FEB
MEDIAN SALES PRICE
MAR
$310
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2015
telesproperties.com
Studio City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$613,000
$523,000
$530,000
$468,000
-23.7%
Average Price per Square Foot ...........................
$375
$407
$402
$385
2.7%
Properties Sold .......................................................
6
14
19
7
16.7%
Properties Pending Sale .......................................
7
15
19
12
71.4%
Properties For Sale ................................................
32
29
28
27
-15.6%
Days on Market (Pending Sale) ...........................
96
59
51
52
-45.8%
Month’s Supply of Inventory ................................
5.3
2.1
1.5
3.9
-27.7%
Percent Under Contract ........................................
21.9%
51.7%
67.9%
44.4%
103.2%
Average Median Price for Last 12 Months ........
$501,583
$523,333
$517,333
$523,231
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $613
NOV DEC
$468,000
JAN FEB
MEDIAN SALES PRICE
MAR
$385
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$468 M E 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 2015
telesproperties.com
Venice DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$729,000
$1,550,000
$1,500,000
$1,647,500
126.0%
Average Price per Square Foot ...........................
$562
$779
$669
$905
61.0%
Properties Sold .......................................................
3
4
3
2
-33.3%
Properties Pending Sale .......................................
2
3
3
1
-50.0%
Properties For Sale ................................................
26
18
28
14
-46.2%
Days on Market (Pending Sale) ...........................
128
230
43
6
-95.3%
Month’s Supply of Inventory ................................
8.7
4.5
n/a
7
-19.2%
Percent Under Contract ........................................
7.7%
16.7%
10.7%
7.1%
-7.1%
Average Median Price for Last 12 Months ........
$1,141,091
$1,386,200
$1,330,000
$1,211,045
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$729
DEC
$1,647,500
JAN FEB
MEDIAN SALES PRICE
MAR
$905
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.647 M E 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 2015
telesproperties.com
West Hollywood DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$644,500
$640,000
$622,500
$714,000
10.8%
Average Price per Square Foot ...........................
$549
$632
$631
$719
31.0%
Properties Sold .......................................................
28
41
34
27
-3.6%
Properties Pending Sale .......................................
23
45
33
25
8.7%
Properties For Sale ................................................
133
145
112
103
-22.6%
Days on Market (Pending Sale) ...........................
58
42
32
36
-37.9%
Month’s Supply of Inventory ................................
4.8
3.5
3.3
3.8
-19.7%
Percent Under Contract ........................................
17.3%
31.0%
29.5%
24.3%
40.4%
Average Median Price for Last 12 Months ........
$596,503
$607,250
$606,167
$614,500
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$644
DEC
$714,000
JAN FEB
MEDIAN SALES PRICE
MAR
$719
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 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 2015
telesproperties.com
West LA DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$717,000
$675,000
$787,491
$592,500
-17.4%
Average Price per Square Foot ...........................
$490
$468
$491
$534
9.0%
Properties Sold .......................................................
8
15
4
8
0.0%
Properties Pending Sale .......................................
10
25
16
14
40.0%
Properties For Sale ................................................
52
55
44
46
-11.5%
Days on Market (Pending Sale) ...........................
72
27
36
57
-20.8%
Month’s Supply of Inventory ................................
6.5
3.7
11
5.8
-11.5%
Percent Under Contract ........................................
19.2%
45.5%
36.4%
30.4%
58.3%
Average Median Price for Last 12 Months ........
$598,926
$703,281
$654,565
$664,937
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $717
NOV DEC
$592,500
JAN FEB
MEDIAN SALES PRICE
MAR
$534
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$592 M E 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 2015
telesproperties.com
Westwood - Century City DATA*
Nov 2014
6 month
3 month
Nov 2015
% change
Median Price ..........................................................
$810,000
$695,000
$749,000
$792,500
-2.2%
Average Price per Square Foot ...........................
$596
$616
$618
$615
3.2%
Properties Sold .......................................................
33
40
51
40
21.2%
Properties Pending Sale .......................................
41
68
46
40
-2.4%
Properties For Sale ................................................
270
309
278
237
-12.2%
Days on Market (Pending Sale) ...........................
57
64
69
66
15.8%
Month’s Supply of Inventory ................................
8.2
7.7
5.5
5.9
-27.6%
Percent Under Contract ........................................
15.2%
22.0%
16.5%
16.9%
11.1%
Average Median Price for Last 12 Months ........
$740,870
$753,833
$740,500
$759,077
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$810
DEC
$792,500
JAN FEB
MEDIAN SALES PRICE
MAR
$615
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$792 M E 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 2015
telesproperties.com
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