micro market report luxury real estate market research November 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Malibu Beach
Hermosa Beach
Glendale
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
La Crescenta North
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Hollywood
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Studio City
Brentwood
Playa del Rey
Rolling Hills
Sun Valley
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Culver City
Santa Monica
San Pedro
Tarzana
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Hollywood
Venice
Torrance - North
Valley Village
Hollywood Hills East
West Hollywood
Torrance - Southeast
Woodland Hills
Inglewood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Ladera Heights
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
Micro Market Report : November 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : November 2016
telesproperties.com
Los Angeles County DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$529,000
$585,000
$595,000
$585,000
10.6%
Average Price per Square Foot ...........................
$422
$448
$442
$448
6.2%
Properties Sold .......................................................
3240
4481
4728
3978
22.8%
Properties Pending Sale .......................................
4061
5231
5242
4144
2.0%
Properties For Sale ................................................
17,172
17,971
19,515
16,850
-1.9%
Days on Market (Pending Sale) ...........................
48
40
42
47
-2.1%
Month’s Supply of Inventory ................................
5.3
4
4.1
4.2
-20.1%
Percent Under Contract ........................................
23.6%
29.1%
26.9%
24.6%
4.0%
Average Median Price for Last 12 Months ........
$530,145
$590,167
$582,333
$570,596
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
$529
DEC
$585,000
JAN FEB
MEDIAN SALES PRICE
MAR
$448
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$3,164,500
$2,085,000
$2,172,500
$1,520,000
-52.0%
Average Price per Square Foot ...........................
$1,238
$1,140
$796
$900
-27.3%
Properties Sold .......................................................
7
16
12
17
142.9%
Properties Pending Sale .......................................
4
17
17
11
175.0%
Properties For Sale ................................................
115
151
158
160
39.1%
Days on Market (Pending Sale) ...........................
201
63
69
48
-76.1%
Month’s Supply of Inventory ................................
16.4
9.4
13.2
9.4
-42.7%
Percent Under Contract ........................................
3.5%
11.3%
10.8%
6.9%
97.7%
Average Median Price for Last 12 Months ........
$2,281,938
$2,184,167
$1,767,500
$2,231,077
-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 $3.164
NOV DEC
$1,520,000
JAN FEB
MEDIAN SALES PRICE
MAR
$900
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,610,000
$1,065,000
$1,417,500
$1,382,000
-14.2%
Average Price per Square Foot ...........................
$797
$773
$743
$668
-16.2%
Properties Sold .......................................................
15
14
16
17
13.3%
Properties Pending Sale .......................................
11
17
26
19
72.7%
Properties For Sale ................................................
69
78
98
94
36.2%
Days on Market (Pending Sale) ...........................
67
40
51
69
3.0%
Month’s Supply of Inventory ................................
4.6
5.6
6.1
5.5
20.2%
Percent Under Contract ........................................
15.9%
21.8%
26.5%
20.2%
26.8%
Average Median Price for Last 12 Months ........
$1,473,250
$1,616,583
$1,694,000
$1,504,712
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 NOV
$1.610
DEC
$1,382,000
JAN FEB
MEDIAN SALES PRICE
MAR
$668
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.382 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Beverly Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$4,075,000
$3,655,000
$5,522,500
$6,150,000
50.9%
Average Price per Square Foot ...........................
$1,074
$1,443
$1,217
$1,747
62.7%
Properties Sold .......................................................
7
10
8
11
57.1%
Properties Pending Sale .......................................
15
17
17
10
-33.3%
Properties For Sale ................................................
126
123
137
122
-3.2%
Days on Market (Pending Sale) ...........................
84
73
52
44
-47.6%
Month’s Supply of Inventory ................................
18
12.3
17.1
11.1
-38.4%
Percent Under Contract ........................................
11.9%
13.8%
12.4%
8.2%
-31.1%
Average Median Price for Last 12 Months ........
$5,106,865
$4,847,609
$3,979,052
$4,713,281
-8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$4.075
DEC
$6,150,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,747
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
11.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$6.150 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 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,925,000
$2,155,000
$2,533,300
$2,850,000
-2.6%
Average Price per Square Foot ...........................
$893
$916
$861
$935
4.7%
Properties Sold .......................................................
13
13
16
14
7.7%
Properties Pending Sale .......................................
7
14
14
10
42.9%
Properties For Sale ................................................
156
176
191
183
17.3%
Days on Market (Pending Sale) ...........................
86
48
45
56
-34.9%
Month’s Supply of Inventory ................................
12
13.5
11.9
13.1
8.9%
Percent Under Contract ........................................
4.5%
8.0%
7.3%
5.5%
21.8%
Average Median Price for Last 12 Months ........
$2,616,708
$2,993,883
$2,735,000
$2,847,754
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
$2.925
DEC
$2,850,000
JAN FEB
MEDIAN SALES PRICE
MAR
$935
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Beverlywood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$922,500
$1,330,000
$1,200,000
$1,268,500
37.5%
Average Price per Square Foot ...........................
$631
$697
$725
$629
-0.3%
Properties Sold .......................................................
6
23
25
18
200.0%
Properties Pending Sale .......................................
23
24
29
19
-17.4%
Properties For Sale ................................................
74
82
70
53
-28.4%
Days on Market (Pending Sale) ...........................
54
29
39
39
-27.8%
Month’s Supply of Inventory ................................
12.3
3.6
2.8
2.9
-76.1%
Percent Under Contract ........................................
31.1%
29.3%
41.4%
35.8%
15.3%
Average Median Price for Last 12 Months ........
$1,021,385
$1,248,129
$1,271,250
$1,186,297
13.9%
*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
$922
DEC
$1,268,500
JAN FEB
MEDIAN SALES PRICE
MAR
$629
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.268 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Brentwood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,750,000
$3,726,000
$2,270,000
$2,924,000
6.3%
Average Price per Square Foot ...........................
$1,108
$956
$930
$1,019
-8.0%
Properties Sold .......................................................
21
28
27
20
-4.8%
Properties Pending Sale .......................................
12
18
25
21
75.0%
Properties For Sale ................................................
124
161
156
141
13.7%
Days on Market (Pending Sale) ...........................
72
44
66
59
-18.1%
Month’s Supply of Inventory ................................
5.9
5.8
5.8
7
19.4%
Percent Under Contract ........................................
9.7%
11.2%
16.0%
14.9%
53.9%
Average Median Price for Last 12 Months ........
$2,816,781
$2,939,000
$2,839,667
$2,976,365
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
$2.750
DEC
$2,924,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,019
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,512,500
$2,815,000
$2,640,000
$1,696,500
12.2%
Average Price per Square Foot ...........................
$724
$802
$815
$798
10.2%
Properties Sold .......................................................
6
8
13
6
0.0%
Properties Pending Sale .......................................
7
7
11
4
-42.9%
Properties For Sale ................................................
25
27
30
29
16.0%
Days on Market (Pending Sale) ...........................
83
30
38
46
-44.6%
Month’s Supply of Inventory ................................
4.2
3.4
2.3
4.8
16.0%
Percent Under Contract ........................................
28.0%
25.9%
36.7%
13.8%
-50.7%
Average Median Price for Last 12 Months ........
$1,719,465
$1,916,083
$1,402,167
$1,862,433
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
$1.512
DEC
$1,696,500
JAN FEB
MEDIAN SALES PRICE
MAR
$798
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.696 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Culver City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,090,000
$1,059,000
$1,000,000
$1,163,500
6.7%
Average Price per Square Foot ...........................
$665
$756
$691
$740
11.3%
Properties Sold .......................................................
14
21
29
14
0.0%
Properties Pending Sale .......................................
23
25
27
16
-30.4%
Properties For Sale ................................................
65
68
60
51
-21.5%
Days on Market (Pending Sale) ...........................
53
62
41
26
-50.9%
Month’s Supply of Inventory ................................
4.6
3.2
2.1
3.6
-21.5%
Percent Under Contract ........................................
35.4%
36.8%
45.0%
31.4%
-11.3%
Average Median Price for Last 12 Months ........
$1,000,083
$1,133,542
$1,154,500
$1,094,481
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
$1.090
DEC
$1,163,500
JAN FEB
MEDIAN SALES PRICE
MAR
$740
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.163 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Downtown DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$305,000
$315,000
$287,500
$298,888
-2.0%
Average Price per Square Foot ...........................
$265
$229
$255
$282
6.4%
Properties Sold .......................................................
7
11
8
9
28.6%
Properties Pending Sale .......................................
11
12
14
7
-36.4%
Properties For Sale ................................................
66
48
50
47
-28.8%
Days on Market (Pending Sale) ...........................
69
45
48
85
23.2%
Month’s Supply of Inventory ................................
9.4
4.4
6.2
5.2
-44.6%
Percent Under Contract ........................................
16.7%
25.0%
28.0%
14.9%
-10.6%
Average Median Price for Last 12 Months ........
$295,502
$332,231
$304,463
$325,416
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
$305
DEC
$298,888
JAN FEB
MEDIAN SALES PRICE
MAR
$282
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$298 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,295,000
$1,697,000
$1,332,500
$1,787,500
38.0%
Average Price per Square Foot ...........................
$678
$666
$748
$650
-4.1%
Properties Sold .......................................................
16
19
34
28
75.0%
Properties Pending Sale .......................................
21
28
28
27
28.6%
Properties For Sale ................................................
125
112
143
118
-5.6%
Days on Market (Pending Sale) ...........................
58
49
57
63
8.6%
Month’s Supply of Inventory ................................
7.8
5.9
4.2
4.2
-46.1%
Percent Under Contract ........................................
16.8%
25.0%
19.6%
22.9%
36.2%
Average Median Price for Last 12 Months ........
$1,336,167
$1,568,688
$1,686,542
$1,546,889
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.295
DEC
$1,787,500
JAN FEB
MEDIAN SALES PRICE
MAR
$650
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.787 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Hollywood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$884,450
$739,000
$875,000
$625,000
-29.3%
Average Price per Square Foot ...........................
$552
$559
$640
$565
2.4%
Properties Sold .......................................................
6
10
9
3
-50.0%
Properties Pending Sale .......................................
6
12
8
6
0.0%
Properties For Sale ................................................
56
39
32
44
-21.4%
Days on Market (Pending Sale) ...........................
64
45
30
65
1.6%
Month’s Supply of Inventory ................................
9.3
3.9
3.6
14.7
57.1%
Percent Under Contract ........................................
10.7%
30.8%
25.0%
13.6%
27.3%
Average Median Price for Last 12 Months ........
$824,309
$904,333
$926,667
$994,304
17.1%
*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
$884
DEC
$625,000
JAN FEB
MEDIAN SALES PRICE
MAR
$565
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
14.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Hollywood Hills East DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,175,000
$1,425,000
$1,609,000
$1,453,000
23.7%
Average Price per Square Foot ...........................
$643
$678
$697
$667
3.7%
Properties Sold .......................................................
13
19
8
18
38.5%
Properties Pending Sale .......................................
10
17
9
12
20.0%
Properties For Sale ................................................
74
62
70
85
14.9%
Days on Market (Pending Sale) ...........................
78
65
42
61
-21.8%
Month’s Supply of Inventory ................................
7.4
3.6
7.8
4.7
-36.2%
Percent Under Contract ........................................
13.5%
27.4%
12.9%
14.1%
4.5%
Average Median Price for Last 12 Months ........
$1,218,101
$1,569,444
$1,343,915
$1,403,144
13.2%
*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
$1.175
DEC
$1,453,000
JAN FEB
MEDIAN SALES PRICE
MAR
$667
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.453 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Inglewood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$395,500
$415,000
$472,500
$469,900
18.8%
Average Price per Square Foot ...........................
$309
$308
$360
$363
17.5%
Properties Sold .......................................................
16
23
30
23
43.8%
Properties Pending Sale .......................................
25
24
31
16
-36.0%
Properties For Sale ................................................
97
76
87
54
-44.3%
Days on Market (Pending Sale) ...........................
45
43
24
26
-42.2%
Month’s Supply of Inventory ................................
3.9
3.2
2.8
2.3
-39.5%
Percent Under Contract ........................................
25.8%
31.6%
35.6%
29.6%
15.0%
Average Median Price for Last 12 Months ........
$395,500
$473,317
$471,467
$447,258
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
$395
DEC
$469,900
JAN FEB
MEDIAN SALES PRICE
MAR
$363
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 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 2016
telesproperties.com
Ladera Heights DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$950,000
$832,500
$1,025,000
$1,550,000
63.2%
Average Price per Square Foot ...........................
$299
$280
$421
$289
-3.3%
Properties Sold .......................................................
5
1
5
1
-80.0%
Properties Pending Sale .......................................
6
4
5
3
-50.0%
Properties For Sale ................................................
27
20
22
18
-33.3%
Days on Market (Pending Sale) ...........................
33
118
41
42
27.3%
Month’s Supply of Inventory ................................
4.5
5
4.4
18
300.0%
Percent Under Contract ........................................
22.2%
20.0%
22.7%
16.7%
-25.0%
Average Median Price for Last 12 Months ........
$950,000
$1,051,083
$1,144,167
$1,009,413
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
$950
DEC
$1,550,000
JAN FEB
MEDIAN SALES PRICE
MAR
$289
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Laurel Canyon DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,385,500
$1,650,000
$1,791,285
$1,629,000
17.6%
Average Price per Square Foot ...........................
$691
$760
$864
$741
7.2%
Properties Sold .......................................................
26
15
24
17
-34.6%
Properties Pending Sale .......................................
27
17
27
22
-18.5%
Properties For Sale ................................................
159
149
187
186
17.0%
Days on Market (Pending Sale) ...........................
43
45
45
50
16.3%
Month’s Supply of Inventory ................................
5.9
8.8
6.9
8.5
43.6%
Percent Under Contract ........................................
17.0%
11.4%
14.4%
11.8%
-30.3%
Average Median Price for Last 12 Months ........
$1,461,932
$1,693,464
$1,750,333
$1,581,142
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
$1.385
DEC
$1,629,000
JAN FEB
MEDIAN SALES PRICE
MAR
$741
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.629 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Los Feliz DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,161,700
$1,435,000
$1,625,000
$1,676,287
44.3%
Average Price per Square Foot ...........................
$636
$659
$722
$655
3.0%
Properties Sold .......................................................
13
17
20
12
-7.7%
Properties Pending Sale .......................................
19
21
15
13
-31.6%
Properties For Sale ................................................
99
80
81
103
4.0%
Days on Market (Pending Sale) ...........................
47
69
40
84
78.7%
Month’s Supply of Inventory ................................
5.2
3.8
5.4
8.6
64.7%
Percent Under Contract ........................................
19.2%
26.2%
18.5%
12.6%
-34.2%
Average Median Price for Last 12 Months ........
$1,396,779
$1,587,465
$1,732,262
$1,573,249
11.2%
*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
$1.161
DEC
$1,676,287
JAN FEB
MEDIAN SALES PRICE
MAR
$655
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.676 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Malibu DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,310,000
$3,150,000
$2,400,000
$2,375,000
2.8%
Average Price per Square Foot ...........................
$948
$874
$1,142
$924
-2.5%
Properties Sold .......................................................
13
21
17
11
-15.4%
Properties Pending Sale .......................................
13
17
16
14
7.7%
Properties For Sale ................................................
218
223
222
228
4.6%
Days on Market (Pending Sale) ...........................
120
172
161
135
12.5%
Month’s Supply of Inventory ................................
16.8
10.6
13.1
20.7
23.6%
Percent Under Contract ........................................
6.0%
7.6%
7.2%
6.1%
3.0%
Average Median Price for Last 12 Months ........
$2,273,840
$2,384,083
$2,324,833
$2,359,350
3.6%
*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
$2.310
DEC
$2,375,000
JAN FEB
MEDIAN SALES PRICE
MAR
$924
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
20.7 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 2016
telesproperties.com
Malibu Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$11,000,000
$10,997,500
$6,000,000
$8,625,000
-21.6%
Average Price per Square Foot ...........................
$2,443
$4,718
$2,241
$2,182
-10.7%
Properties Sold .......................................................
3
4
8
2
-33.3%
Properties Pending Sale .......................................
2
5
6
2
0.0%
Properties For Sale ................................................
79
106
94
78
-1.3%
Days on Market (Pending Sale) ...........................
119
129
180
214
79.8%
Month’s Supply of Inventory ................................
26.3
26.5
11.8
39
48.1%
Percent Under Contract ........................................
2.5%
4.7%
6.4%
2.6%
1.3%
Average Median Price for Last 12 Months ........
$5,510,000
$5,347,750
$5,958,333
$7,100,692
22.4%
*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 $11.000
NOV DEC
$8,625,000
JAN FEB
MEDIAN SALES PRICE
MAR
$2,182
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
39 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$8.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Marina Del Rey DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,342,500
$1,000,000
$1,027,500
$1,400,000
4.3%
Average Price per Square Foot ...........................
$642
$787
$751
$854
33.0%
Properties Sold .......................................................
4
7
6
5
25.0%
Properties Pending Sale .......................................
3
7
2
5
66.7%
Properties For Sale ................................................
26
36
31
25
-3.8%
Days on Market (Pending Sale) ...........................
43
52
23
32
-25.6%
Month’s Supply of Inventory ................................
6.5
5.1
5.2
5
-23.1%
Percent Under Contract ........................................
11.5%
19.4%
6.5%
20.0%
73.3%
Average Median Price for Last 12 Months ........
$1,640,298
$1,711,254
$1,495,842
$1,476,963
-11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.342
DEC
$1,400,000
JAN FEB
MEDIAN SALES PRICE
MAR
$854
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Mid Los Angeles DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$465,000
$621,500
$630,000
$613,750
32.0%
Average Price per Square Foot ...........................
$357
$384
$426
$422
18.2%
Properties Sold .......................................................
25
46
38
28
12.0%
Properties Pending Sale .......................................
32
45
36
32
0.0%
Properties For Sale ................................................
151
143
133
129
-14.6%
Days on Market (Pending Sale) ...........................
50
35
40
42
-16.0%
Month’s Supply of Inventory ................................
6
3.1
3.5
4.6
-23.7%
Percent Under Contract ........................................
21.2%
31.5%
27.1%
24.8%
17.1%
Average Median Price for Last 12 Months ........
$507,000
$614,537
$600,512
$586,637
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$465
DEC
$613,750
JAN FEB
MEDIAN SALES PRICE
MAR
$422
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$613 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Mid Wilshire DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$0
$750,000
$790,000
$750,750
n/a
Average Price per Square Foot ...........................
$0
$440
$343
$389
n/a
Properties Sold .......................................................
0
5
3
3
n/a
Properties Pending Sale .......................................
3
2
6
3
0.0%
Properties For Sale ................................................
26
19
22
25
-3.8%
Days on Market (Pending Sale) ...........................
107
40
58
21
-80.4%
Month’s Supply of Inventory ................................
n/a
3.8
7.3
8.3
n/a
Percent Under Contract ........................................
11.5%
10.5%
27.3%
12.0%
4.0%
Average Median Price for Last 12 Months ........
$663,150
$868,708
$909,250
$809,646
18.1%
*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 DEC
$750,750
JAN FEB
MEDIAN SALES PRICE
MAR
$389
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Pacific Palisades DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,402,500
$2,375,000
$2,800,000
$3,250,000
35.3%
Average Price per Square Foot ...........................
$959
$1,053
$1,103
$864
-9.9%
Properties Sold .......................................................
14
25
28
15
7.1%
Properties Pending Sale .......................................
23
29
30
7
-69.6%
Properties For Sale ................................................
134
148
155
138
3.0%
Days on Market (Pending Sale) ...........................
69
46
48
50
-27.5%
Month’s Supply of Inventory ................................
9.6
5.9
5.5
9.2
-3.9%
Percent Under Contract ........................................
17.2%
19.6%
19.4%
5.1%
-70.4%
Average Median Price for Last 12 Months ........
$2,743,625
$2,931,697
$3,183,393
$2,775,235
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$2.402
DEC
$3,250,000
JAN FEB
MEDIAN SALES PRICE
MAR
$864
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Palms - Mar Vista DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,243,000
$1,320,650
$1,315,000
$1,520,000
22.3%
Average Price per Square Foot ...........................
$735
$734
$771
$737
0.3%
Properties Sold .......................................................
19
35
27
33
73.7%
Properties Pending Sale .......................................
16
48
32
23
43.8%
Properties For Sale ................................................
71
106
91
73
2.8%
Days on Market (Pending Sale) ...........................
44
26
41
54
22.7%
Month’s Supply of Inventory ................................
3.7
3
3.4
2.2
-40.8%
Percent Under Contract ........................................
22.5%
45.3%
35.2%
31.5%
39.8%
Average Median Price for Last 12 Months ........
$1,182,323
$1,395,500
$1,487,833
$1,324,579
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
$1.243
DEC
$1,520,000
JAN FEB
MEDIAN SALES PRICE
MAR
$737
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Playa Del Rey DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,147,500
$1,320,250
$1,695,000
$1,395,000
21.6%
Average Price per Square Foot ...........................
$790
$544
$689
$614
-22.3%
Properties Sold .......................................................
2
6
2
6
200.0%
Properties Pending Sale .......................................
4
5
4
4
0.0%
Properties For Sale ................................................
14
18
18
18
28.6%
Days on Market (Pending Sale) ...........................
26
28
20
38
46.2%
Month’s Supply of Inventory ................................
7
3
9
3
-57.1%
Percent Under Contract ........................................
28.6%
27.8%
22.2%
22.2%
-22.2%
Average Median Price for Last 12 Months ........
$1,772,167
$1,433,292
$1,470,083
$1,517,156
-16.8%
*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
$1.147
DEC
$1,395,000
JAN FEB
MEDIAN SALES PRICE
MAR
$614
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Playa Vista DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,600,000
$1,623,000
$0
$1,920,000
-26.2%
Average Price per Square Foot ...........................
$804
$619
$0
$784
-2.5%
Properties Sold .......................................................
1
2
0
1
0.0%
Properties Pending Sale .......................................
1
2
1
0
-100.0%
Properties For Sale ................................................
5
9
13
5
0.0%
Days on Market (Pending Sale) ...........................
14
100
55
0
-100.0%
Month’s Supply of Inventory ................................
5
4.5
n/a
0
-100.0%
Percent Under Contract ........................................
20.0%
22.2%
7.7%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,674,063
$1,915,650
$1,973,333
$1,987,639
18.7%
*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 $2.600
NOV DEC
$1,920,000
JAN FEB
MEDIAN SALES PRICE
MAR
$784
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
No sales 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 2016
telesproperties.com
Santa Monica DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$3,009,000
$2,450,000
$3,400,000
$2,680,000
-10.9%
Average Price per Square Foot ...........................
$1,126
$990
$1,005
$1,231
9.3%
Properties Sold .......................................................
16
25
19
15
-6.2%
Properties Pending Sale .......................................
17
26
20
20
17.6%
Properties For Sale ................................................
100
104
90
80
-20.0%
Days on Market (Pending Sale) ...........................
46
47
35
35
-23.9%
Month’s Supply of Inventory ................................
6.2
4.2
4.7
5.3
-14.7%
Percent Under Contract ........................................
17.0%
25.0%
22.2%
25.0%
47.1%
Average Median Price for Last 12 Months ........
$2,326,020
$2,381,991
$2,315,648
$2,613,842
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
$3.009
DEC
$2,680,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,231
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.680 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 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,401,000
$1,907,500
$1,937,000
$1,737,500
24.0%
Average Price per Square Foot ...........................
$824
$809
$914
$759
-7.9%
Properties Sold .......................................................
37
28
33
30
-18.9%
Properties Pending Sale .......................................
34
31
38
37
8.8%
Properties For Sale ................................................
331
308
329
340
2.7%
Days on Market (Pending Sale) ...........................
78
48
47
87
11.5%
Month’s Supply of Inventory ................................
8.9
11
10
11.3
26.7%
Percent Under Contract ........................................
10.3%
10.1%
11.6%
10.9%
5.9%
Average Median Price for Last 12 Months ........
$1,667,038
$1,763,750
$1,647,334
$1,748,346
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
$1.401
DEC
$1,737,500
JAN FEB
MEDIAN SALES PRICE
MAR
$759
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
11.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Venice DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,700,000
$1,983,592
$1,870,816
$2,100,000
23.5%
Average Price per Square Foot ...........................
$1,118
$1,064
$1,004
$1,123
0.4%
Properties Sold .......................................................
17
18
21
17
0.0%
Properties Pending Sale .......................................
17
27
18
17
0.0%
Properties For Sale ................................................
90
94
101
111
23.3%
Days on Market (Pending Sale) ...........................
53
59
54
46
-13.2%
Month’s Supply of Inventory ................................
5.3
5.2
4.8
6.5
23.3%
Percent Under Contract ........................................
18.9%
28.7%
17.8%
15.3%
-18.9%
Average Median Price for Last 12 Months ........
$1,764,466
$1,871,969
$1,941,167
$1,845,224
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.700
DEC
$2,100,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,123
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.100 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 2016
telesproperties.com
West Hollywood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,403,031
$1,700,000
$1,487,500
$1,668,000
18.9%
Average Price per Square Foot ...........................
$790
$925
$886
$935
18.4%
Properties Sold .......................................................
9
13
16
13
44.4%
Properties Pending Sale .......................................
14
9
17
14
0.0%
Properties For Sale ................................................
53
60
77
67
26.4%
Days on Market (Pending Sale) ...........................
40
28
53
48
20.0%
Month’s Supply of Inventory ................................
5.9
4.6
4.8
5.2
-12.5%
Percent Under Contract ........................................
26.4%
15.0%
22.1%
20.9%
-20.9%
Average Median Price for Last 12 Months ........
$1,492,503
$1,558,338
$1,615,842
$1,540,389
3.1%
*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
$1.403
DEC
$1,668,000
JAN FEB
MEDIAN SALES PRICE
MAR
$935
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.668 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
West Los Angeles DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,165,000
$942,000
$925,000
$1,103,750
-5.3%
Average Price per Square Foot ...........................
$930
$657
$746
$597
-35.8%
Properties Sold .......................................................
11
10
9
8
-27.3%
Properties Pending Sale .......................................
13
11
11
10
-23.1%
Properties For Sale ................................................
40
44
47
39
-2.5%
Days on Market (Pending Sale) ...........................
82
38
51
36
-56.1%
Month’s Supply of Inventory ................................
3.6
4.4
5.2
4.9
34.1%
Percent Under Contract ........................................
32.5%
25.0%
23.4%
25.6%
-21.1%
Average Median Price for Last 12 Months ........
$889,919
$1,024,375
$957,083
$1,060,442
19.2%
*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
$1.165
DEC
$1,103,750
JAN FEB
MEDIAN SALES PRICE
MAR
$597
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.103 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Westchester DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$939,175
$1,144,500
$1,121,250
$1,150,000
22.4%
Average Price per Square Foot ...........................
$581
$616
$627
$651
12.0%
Properties Sold .......................................................
22
21
34
22
0.0%
Properties Pending Sale .......................................
18
34
32
26
44.4%
Properties For Sale ................................................
63
74
101
84
33.3%
Days on Market (Pending Sale) ...........................
46
26
42
42
-8.7%
Month’s Supply of Inventory ................................
2.9
3.5
3
3.8
33.3%
Percent Under Contract ........................................
28.6%
45.9%
31.7%
31.0%
8.3%
Average Median Price for Last 12 Months ........
$891,819
$1,109,158
$1,110,000
$1,056,548
18.5%
*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
$939
DEC
$1,150,000
JAN FEB
MEDIAN SALES PRICE
MAR
$651
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 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 2016
telesproperties.com
Westwood - Century City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,650,000
$2,262,630
$1,567,500
$1,850,000
12.1%
Average Price per Square Foot ...........................
$820
$839
$886
$804
-2.0%
Properties Sold .......................................................
11
20
18
17
54.5%
Properties Pending Sale .......................................
18
17
17
16
-11.1%
Properties For Sale ................................................
68
75
77
62
-8.8%
Days on Market (Pending Sale) ...........................
39
35
41
27
-30.8%
Month’s Supply of Inventory ................................
6.2
3.8
4.3
3.6
-41.0%
Percent Under Contract ........................................
26.5%
22.7%
22.1%
25.8%
-2.5%
Average Median Price for Last 12 Months ........
$1,718,240
$1,942,083
$1,899,667
$1,858,182
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
$1.650
DEC
$1,850,000
JAN FEB
MEDIAN SALES PRICE
MAR
$804
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
South Bay Macro Market DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,276,132
$1,228,530
$1,178,340
$1,168,945
-8.4%
Average Price per Square Foot ...........................
$552
$604
$616
$594
7.7%
Properties Sold .......................................................
154
277
303
206
33.8%
Properties Pending Sale .......................................
207
298
274
219
5.8%
Properties For Sale ................................................
832
1,020
1,083
815
-2.0%
Days on Market (Pending Sale) ...........................
41
44
58
49
20.6%
Month’s Supply of Inventory ................................
5.4
3.7
3.6
4
-26.8%
Percent Under Contract ........................................
24.9%
29.2%
25.3%
26.9%
8.0%
Average Median Price for Last 12 Months ........
$1,219,766
$1,240,512
$1,196,170
$1,279,963
4.9%
*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
$1.276
DEC
$1,168,945
JAN FEB
MEDIAN SALES PRICE
MAR
$594
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.168 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
El Segundo DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,277,500
$1,435,000
$1,315,000
$1,249,950
-2.2%
Average Price per Square Foot ...........................
$500
$576
$709
$658
31.6%
Properties Sold .......................................................
4
3
9
4
0.0%
Properties Pending Sale .......................................
5
14
8
8
60.0%
Properties For Sale ................................................
22
35
30
21
-4.5%
Days on Market (Pending Sale) ...........................
25
23
50
61
144.0%
Month’s Supply of Inventory ................................
5.5
11.7
3.3
5.2
-4.5%
Percent Under Contract ........................................
22.7%
40.0%
26.7%
38.1%
67.6%
Average Median Price for Last 12 Months ........
$1,008,750
$1,249,575
$1,212,483
$1,256,265
24.5%
*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
$1.277
DEC
$1,249,950
JAN FEB
MEDIAN SALES PRICE
MAR
$658
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.249 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Hermosa Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,920,000
$1,574,500
$1,800,000
$1,585,000
-17.4%
Average Price per Square Foot ...........................
$1,022
$1,077
$1,197
$1,129
10.5%
Properties Sold .......................................................
10
12
17
9
-10.0%
Properties Pending Sale .......................................
5
9
16
7
40.0%
Properties For Sale ................................................
30
58
62
44
46.7%
Days on Market (Pending Sale) ...........................
25
39
40
13
-48.0%
Month’s Supply of Inventory ................................
3
4.8
3.6
4.9
63.0%
Percent Under Contract ........................................
16.7%
15.5%
25.8%
15.9%
-4.5%
Average Median Price for Last 12 Months ........
$1,836,750
$1,679,042
$1,745,000
$1,726,510
-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
$1.920
DEC
$1,585,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,129
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Manhattan Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,200,000
$2,500,000
$1,830,000
$2,250,000
2.3%
Average Price per Square Foot ...........................
$866
$1,131
$973
$863
-0.3%
Properties Sold .......................................................
17
35
34
24
41.2%
Properties Pending Sale .......................................
21
29
30
21
0.0%
Properties For Sale ................................................
95
153
155
120
26.3%
Days on Market (Pending Sale) ...........................
43
42
39
43
0.0%
Month’s Supply of Inventory ................................
5.6
4.4
4.6
5
-10.5%
Percent Under Contract ........................................
22.1%
19.0%
19.4%
17.5%
-20.8%
Average Median Price for Last 12 Months ........
$2,133,167
$2,202,000
$2,233,333
$2,201,500
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
$2.200
DEC
$2,250,000
JAN FEB
MEDIAN SALES PRICE
MAR
$863
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Palos Verdes Estates DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,740,000
$1,724,500
$2,151,000
$1,862,500
7.0%
Average Price per Square Foot ...........................
$572
$728
$841
$757
32.3%
Properties Sold .......................................................
11
20
17
12
9.1%
Properties Pending Sale .......................................
17
16
8
20
17.6%
Properties For Sale ................................................
76
87
96
79
3.9%
Days on Market (Pending Sale) ...........................
64
44
223
68
6.2%
Month’s Supply of Inventory ................................
6.9
4.4
5.6
6.6
-4.7%
Percent Under Contract ........................................
22.4%
18.4%
8.3%
25.3%
13.2%
Average Median Price for Last 12 Months ........
$1,749,142
$2,047,167
$1,962,667
$1,844,173
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
$1.740
DEC
$1,862,500
JAN FEB
MEDIAN SALES PRICE
MAR
$757
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Rancho Palos Verdes DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,150,000
$1,335,000
$1,201,250
$1,270,000
10.4%
Average Price per Square Foot ...........................
$573
$580
$577
$567
-1.0%
Properties Sold .......................................................
23
35
40
34
47.8%
Properties Pending Sale .......................................
26
56
35
28
7.7%
Properties For Sale ................................................
153
181
187
134
-12.4%
Days on Market (Pending Sale) ...........................
38
40
47
105
176.3%
Month’s Supply of Inventory ................................
6.7
5.2
4.7
3.9
-40.8%
Percent Under Contract ........................................
17.0%
30.9%
18.7%
20.9%
23.0%
Average Median Price for Last 12 Months ........
$1,184,208
$1,277,708
$1,293,000
$1,252,910
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.150
DEC
$1,270,000
JAN FEB
MEDIAN SALES PRICE
MAR
$567
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Redondo Beach- North DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$783,000
$850,500
$935,000
$928,500
18.6%
Average Price per Square Foot ...........................
$506
$581
$601
$575
13.6%
Properties Sold .......................................................
8
25
19
16
100.0%
Properties Pending Sale .......................................
12
9
19
14
16.7%
Properties For Sale ................................................
34
28
54
34
0.0%
Days on Market (Pending Sale) ...........................
35
19
25
25
-28.6%
Month’s Supply of Inventory ................................
4.2
1.1
2.8
2.1
-50.0%
Percent Under Contract ........................................
35.3%
32.1%
35.2%
41.2%
16.7%
Average Median Price for Last 12 Months ........
$869,881
$955,083
$935,167
$900,558
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
$783
DEC
$928,500
JAN FEB
MEDIAN SALES PRICE
MAR
$575
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$928 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Redondo Beach- South DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,142,500
$1,436,000
$1,218,500
$1,569,975
37.4%
Average Price per Square Foot ...........................
$674
$664
$669
$706
4.7%
Properties Sold .......................................................
6
15
22
10
66.7%
Properties Pending Sale .......................................
13
24
17
12
-7.7%
Properties For Sale ................................................
46
60
56
37
-19.6%
Days on Market (Pending Sale) ...........................
53
22
51
56
5.7%
Month’s Supply of Inventory ................................
7.7
4
2.5
3.7
-51.7%
Percent Under Contract ........................................
28.3%
40.0%
30.4%
32.4%
14.8%
Average Median Price for Last 12 Months ........
$1,202,125
$1,336,829
$1,366,492
$1,326,171
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
$1.142
DEC
$1,569,975
JAN FEB
MEDIAN SALES PRICE
MAR
$706
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.569 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Rolling Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$3,224,500
$2,000,000
$1,650,000
$0
-100.0%
Average Price per Square Foot ...........................
$583
$582
$597
$0
-100.0%
Properties Sold .......................................................
2
3
2
0
-100.0%
Properties Pending Sale .......................................
0
3
2
2
n/a
Properties For Sale ................................................
22
24
30
30
36.4%
Days on Market (Pending Sale) ...........................
0
154
67
100
n/a
Month’s Supply of Inventory ................................
11
8
15
n/a
n/a
Percent Under Contract ........................................
0.0%
12.5%
6.7%
6.7%
n/a
Average Median Price for Last 12 Months ........
$3,093,715
$3,220,833
$2,550,000
$3,069,350
-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
$3.224
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 2016
telesproperties.com
Rolling Hills Estates DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,700,000
$1,360,000
$1,389,854
$1,549,650
-8.8%
Average Price per Square Foot ...........................
$537
$555
$557
$552
2.8%
Properties Sold .......................................................
5
16
7
7
40.0%
Properties Pending Sale .......................................
7
10
7
4
-42.9%
Properties For Sale ................................................
23
35
40
23
0.0%
Days on Market (Pending Sale) ...........................
77
73
70
83
7.8%
Month’s Supply of Inventory ................................
4.6
2.2
5.7
3.3
-28.6%
Percent Under Contract ........................................
30.4%
28.6%
17.5%
17.4%
-42.9%
Average Median Price for Last 12 Months ........
$1,515,899
$1,547,584
$1,452,383
$1,583,616
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.700
DEC
$1,549,650
JAN FEB
MEDIAN SALES PRICE
MAR
$552
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.549 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Pedro DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$610,000
$652,450
$656,500
$635,000
4.1%
Average Price per Square Foot ...........................
$363
$389
$373
$367
1.1%
Properties Sold .......................................................
19
38
24
25
31.6%
Properties Pending Sale .......................................
37
43
38
31
-16.2%
Properties For Sale ................................................
115
132
158
126
9.6%
Days on Market (Pending Sale) ...........................
58
56
42
50
-13.8%
Month’s Supply of Inventory ................................
6.1
3.5
6.6
5
-16.7%
Percent Under Contract ........................................
32.2%
32.6%
24.1%
24.6%
-23.5%
Average Median Price for Last 12 Months ........
$549,604
$625,542
$633,000
$605,193
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
$610
DEC
$635,000
JAN FEB
MEDIAN SALES PRICE
MAR
$367
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Torrance- County Strip DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$487,250
$450,000
$580,000
$507,400
4.1%
Average Price per Square Foot ...........................
$323
$336
$324
$337
4.3%
Properties Sold .......................................................
6
9
4
4
-33.3%
Properties Pending Sale .......................................
8
5
10
7
-12.5%
Properties For Sale ................................................
19
20
20
27
42.1%
Days on Market (Pending Sale) ...........................
20
35
58
16
-20.0%
Month’s Supply of Inventory ................................
3.2
2.2
5
6.8
113.2%
Percent Under Contract ........................................
42.1%
25.0%
50.0%
25.9%
-38.4%
Average Median Price for Last 12 Months ........
$468,042
$522,650
$515,300
$503,242
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
$487
DEC
$507,400
JAN FEB
MEDIAN SALES PRICE
MAR
$337
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Torrance- North DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$633,975
$643,000
$645,000
$641,000
1.1%
Average Price per Square Foot ...........................
$405
$452
$433
$461
13.8%
Properties Sold .......................................................
12
17
27
21
75.0%
Properties Pending Sale .......................................
17
17
24
20
17.6%
Properties For Sale ................................................
68
44
58
35
-48.5%
Days on Market (Pending Sale) ...........................
47
30
36
35
-25.5%
Month’s Supply of Inventory ................................
5.7
2.6
2.1
1.7
-70.6%
Percent Under Contract ........................................
25.0%
38.6%
41.4%
57.1%
128.6%
Average Median Price for Last 12 Months ........
$465,979
$628,667
$633,667
$619,883
33.0%
*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
$633
DEC
$641,000
JAN FEB
MEDIAN SALES PRICE
MAR
$461
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.7 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 2016
telesproperties.com
Torrance- South DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$839,500
$912,000
$902,500
$849,250
1.2%
Average Price per Square Foot ...........................
$432
$519
$495
$460
6.5%
Properties Sold .......................................................
12
23
30
14
16.7%
Properties Pending Sale .......................................
15
30
24
21
40.0%
Properties For Sale ................................................
59
67
58
53
-10.2%
Days on Market (Pending Sale) ...........................
31
19
32
36
16.1%
Month’s Supply of Inventory ................................
4.9
2.9
1.9
3.8
-23.0%
Percent Under Contract ........................................
25.4%
44.8%
41.4%
39.6%
55.8%
Average Median Price for Last 12 Months ........
$849,657
$862,458
$858,083
$856,259
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
$839
DEC
$849,250
JAN FEB
MEDIAN SALES PRICE
MAR
$460
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 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 2016
telesproperties.com
Torrance- Southeast DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$638,750
$690,000
$572,500
$681,000
6.6%
Average Price per Square Foot ...........................
$418
$396
$404
$440
5.3%
Properties Sold .......................................................
10
13
26
7
-30.0%
Properties Pending Sale .......................................
12
21
23
8
-33.3%
Properties For Sale ................................................
42
61
43
25
-40.5%
Days on Market (Pending Sale) ...........................
34
28
62
21
-38.2%
Month’s Supply of Inventory ................................
4.2
4.7
1.7
3.6
-15.0%
Percent Under Contract ........................................
28.6%
34.4%
53.5%
32.0%
12.0%
Average Median Price for Last 12 Months ........
$596,579
$647,125
$664,000
$634,923
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$638
DEC
$681,000
JAN FEB
MEDIAN SALES PRICE
MAR
$440
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$681 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Torrance- West DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$795,000
$865,000
$828,000
$786,000
-1.1%
Average Price per Square Foot ...........................
$504
$500
$492
$450
-10.7%
Properties Sold .......................................................
9
13
25
19
111.1%
Properties Pending Sale .......................................
12
12
13
16
33.3%
Properties For Sale ................................................
28
35
36
27
-3.6%
Days on Market (Pending Sale) ...........................
61
32
29
25
-59.0%
Month’s Supply of Inventory ................................
3.1
2.7
1.4
1.4
-54.3%
Percent Under Contract ........................................
42.9%
34.3%
36.1%
59.3%
38.3%
Average Median Price for Last 12 Months ........
$772,992
$824,833
$819,500
$818,885
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
$795
DEC
$786,000
JAN FEB
MEDIAN SALES PRICE
MAR
$450
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$786 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$820,615
$857,000
$962,571
$900,985
9.8%
Average Price per Square Foot ...........................
$409
$463
$450
$450
10.2%
Properties Sold .......................................................
24
33
35
28
16.6%
Properties Pending Sale .......................................
29
40
41
32
10.2%
Properties For Sale ................................................
65
72
85
73
13.1%
Days on Market (Pending Sale) ...........................
63
52
56
52
-16.8%
Month’s Supply of Inventory ................................
2.7
2.2
2.4
2.6
-3.0%
Percent Under Contract ........................................
45.4%
55.3%
47.7%
44.2%
-2.6%
Average Median Price for Last 12 Months ........
$
$893,152
$865,305
$874,182
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for 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
$900,985
JAN FEB
MEDIAN SALES PRICE
MAR
$450
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Burbank DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$750,000
$695,000
$765,000
$799,000
6.5%
Average Price per Square Foot ...........................
$441
$475
$473
$491
11.3%
Properties Sold .......................................................
50
45
57
41
-18.0%
Properties Pending Sale .......................................
37
72
76
55
48.6%
Properties For Sale ................................................
62
84
95
96
54.8%
Days on Market (Pending Sale) ...........................
54
50
55
47
-13.0%
Month’s Supply of Inventory ................................
1.2
1.9
1.7
2.3
88.8%
Percent Under Contract ........................................
59.7%
85.7%
80.0%
57.3%
-4.0%
Average Median Price for Last 12 Months ........
$688,750
$763,333
$780,000
$741,692
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
$750
DEC
$799,000
JAN FEB
MEDIAN SALES PRICE
MAR
$491
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$799 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Encino DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,210,000
$1,340,000
$1,275,000
$1,470,000
21.5%
Average Price per Square Foot ...........................
$425
$508
$474
$516
21.4%
Properties Sold .......................................................
33
46
57
35
6.1%
Properties Pending Sale .......................................
39
54
38
42
7.7%
Properties For Sale ................................................
109
118
141
126
15.6%
Days on Market (Pending Sale) ...........................
70
68
74
57
-18.6%
Month’s Supply of Inventory ................................
3.3
2.6
2.5
3.6
9.0%
Percent Under Contract ........................................
35.8%
45.8%
27.0%
33.3%
-6.8%
Average Median Price for Last 12 Months ........
$1,150,229
$1,214,167
$1,141,000
$1,189,154
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
$1.210
DEC
$1,470,000
JAN FEB
MEDIAN SALES PRICE
MAR
$516
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.470 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Glendale DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$
$877,000
$900,000
$888,000
%
Average Price per Square Foot ...........................
$
$459
$451
$477
%
Properties Sold .......................................................
60
57
50
%
Properties Pending Sale .......................................
62
63
55
%
Properties For Sale ................................................
104
132
127
%
Days on Market (Pending Sale) ...........................
53
50
45
%
Month’s Supply of Inventory ................................
2.6
2.3
2.4
1.8
-31.0%
Percent Under Contract ........................................
62.0%
54.2%
55.0%
69.4%
12.0%
Average Median Price for Last 12 Months ........
$
$862,500
$867,000
$834,417
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for 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
$888,000
JAN FEB
MEDIAN SALES PRICE
MAR
$477
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.8 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 2016
telesproperties.com
La Crescenta DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$724,000
$801,000
$894,000
$793
-99.9%
Average Price per Square Foot ...........................
$436
$485
$496
$452
3.7%
Properties Sold .......................................................
15
22
24
20
33.3%
Properties Pending Sale .......................................
16
21
35
14
-12.5%
Properties For Sale ................................................
27
25
38
24
-11.1%
Days on Market (Pending Sale) ...........................
53
50
50
66
24.5%
Month’s Supply of Inventory ................................
1.8
1.1
1.6
1.2
-33.3%
Percent Under Contract ........................................
59.3%
84.0%
92.1%
58.3%
-1.6%
Average Median Price for Last 12 Months ........
$748,833
$682,132
$516,931
$723,523
-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 $724
NOV DEC
$793
JAN FEB
MEDIAN SALES PRICE
MAR
$452
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$0 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
North Hollywood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$523,000
$530,000
$496,000
$553,000
5.7%
Average Price per Square Foot ...........................
$365
$381
$384
$403
10.4%
Properties Sold .......................................................
32
36
31
24
-25.0%
Properties Pending Sale .......................................
37
37
37
43
16.2%
Properties For Sale ................................................
74
50
54
53
-28.4%
Days on Market (Pending Sale) ...........................
63
65
36
39
-38.1%
Month’s Supply of Inventory ................................
2.3
1.4
1.7
2.2
-4.5%
Percent Under Contract ........................................
50.0%
74.0%
68.5%
81.1%
62.3%
Average Median Price for Last 12 Months ........
$484,125
$520,167
$528,667
$516,615
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
$523
DEC
$553,000
JAN FEB
MEDIAN SALES PRICE
MAR
$403
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$553 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Shadow Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$608,000
$610,000
$625,000
$725,000
19.2%
Average Price per Square Foot ...........................
$324
$591
$407
$360
11.1%
Properties Sold .......................................................
1
1
5
6
500.0%
Properties Pending Sale .......................................
7
5
7
7
0.0%
Properties For Sale ................................................
14
9
15
15
7.1%
Days on Market (Pending Sale) ...........................
64
29
49
73
14.1%
Month’s Supply of Inventory ................................
14
9
3
2.5
-82.1%
Percent Under Contract ........................................
50.0%
55.6%
46.7%
46.7%
-6.7%
Average Median Price for Last 12 Months ........
$764,909
$689,333
$697,667
$732,692
-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
$608
DEC
$725,000
JAN FEB
MEDIAN SALES PRICE
MAR
$360
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.5 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 2016
telesproperties.com
Sherman Oaks DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$976,000
$1,068,000
$1,145,000
$1,112,000
13.9%
Average Price per Square Foot ...........................
$524
$505
$480
$526
0.4%
Properties Sold .......................................................
30
52
54
51
70.0%
Properties Pending Sale .......................................
57
73
65
43
-24.6%
Properties For Sale ................................................
130
146
164
146
12.3%
Days on Market (Pending Sale) ...........................
54
53
57
57
5.6%
Month’s Supply of Inventory ................................
4.3
2.8
3
2.9
-33.9%
Percent Under Contract ........................................
43.8%
50.0%
39.6%
29.5%
-32.8%
Average Median Price for Last 12 Months ........
$963,188
$1,176,167
$1,213,667
$1,108,615
15.1%
*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
$976
DEC
$1,112,000
JAN FEB
MEDIAN SALES PRICE
MAR
$526
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.112 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Studio City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,325,000
$1,535,000
$1,565,000
$1,309,000
-1.2%
Average Price per Square Foot ...........................
$574
$607
$590
$601
4.7%
Properties Sold .......................................................
33
32
35
29
-12.1%
Properties Pending Sale .......................................
28
44
35
24
-14.3%
Properties For Sale ................................................
85
85
102
73
-14.1%
Days on Market (Pending Sale) ...........................
75
49
66
68
-9.3%
Month’s Supply of Inventory ................................
2.6
2.7
2.9
2.5
-2.3%
Percent Under Contract ........................................
32.9%
51.8%
34.3%
32.9%
-0.2%
Average Median Price for Last 12 Months ........
$1,264,125
$1,420,500
$1,406,000
$1,394,923
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
$1.325
DEC
$1,309,000
JAN FEB
MEDIAN SALES PRICE
MAR
$601
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.309 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Sun Valley DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$440,000
$460,000
$518,000
$530,000
20.5%
Average Price per Square Foot ...........................
$341
$313
$350
$304
-10.9%
Properties Sold .......................................................
12
19
18
9
-25.0%
Properties Pending Sale .......................................
24
19
20
12
-50.0%
Properties For Sale ................................................
28
31
25
24
-14.3%
Days on Market (Pending Sale) ...........................
47
52
65
24
-48.9%
Month’s Supply of Inventory ................................
2.3
1.6
1.4
2.7
14.3%
Percent Under Contract ........................................
85.7%
61.3%
80.0%
50.0%
-41.7%
Average Median Price for Last 12 Months ........
$433,917
$491,667
$501,000
$474,000
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
$440
DEC
$530,000
JAN FEB
MEDIAN SALES PRICE
MAR
$304
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Sunland/Tujunga DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$500,000
$582,000
$550,000
$600,000
20.0%
Average Price per Square Foot ...........................
$367
$344
$362
$370
0.8%
Properties Sold .......................................................
25
30
49
35
40.0%
Properties Pending Sale .......................................
43
34
45
34
-20.9%
Properties For Sale ................................................
59
59
71
67
13.6%
Days on Market (Pending Sale) ...........................
68
47
48
47
-30.9%
Month’s Supply of Inventory ................................
2.4
2
1.4
1.9
-18.9%
Percent Under Contract ........................................
72.9%
57.6%
63.4%
50.7%
-30.4%
Average Median Price for Last 12 Months ........
$489,125
$563,333
$580,333
$540,000
10.4%
*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
$500
DEC
$600,000
JAN FEB
MEDIAN SALES PRICE
MAR
$370
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Tarzana DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$930,000
$915,000
$1,150,000
$1,125,000
21.0%
Average Price per Square Foot ...........................
$370
$384
$429
$391
5.7%
Properties Sold .......................................................
25
27
29
27
8.0%
Properties Pending Sale .......................................
23
39
41
26
13.0%
Properties For Sale ................................................
81
82
103
77
-4.9%
Days on Market (Pending Sale) ...........................
56
71
67
62
10.7%
Month’s Supply of Inventory ................................
3.2
3
3.6
2.9
-12.0%
Percent Under Contract ........................................
28.4%
47.6%
39.8%
33.8%
18.9%
Average Median Price for Last 12 Months ........
$905,667
$1,050,833
$1,004,667
$981,308
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$930
DEC
$1,125,000
JAN FEB
MEDIAN SALES PRICE
MAR
$391
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Toluca Lake DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,100,000
$955,000
$1,777,000
$1,883,000
71.2%
Average Price per Square Foot ...........................
$402
$552
$577
$555
38.1%
Properties Sold .......................................................
3
3
6
6
100.0%
Properties Pending Sale .......................................
6
3
5
5
-16.7%
Properties For Sale ................................................
12
14
23
18
50.0%
Days on Market (Pending Sale) ...........................
111
50
78
60
-45.9%
Month’s Supply of Inventory ................................
4
4.7
3.8
3
-25.0%
Percent Under Contract ........................................
50.0%
21.4%
21.7%
27.8%
-44.4%
Average Median Price for Last 12 Months ........
$1,050,292
$1,400,833
$1,252,667
$1,349,923
28.5%
*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
$1.100
DEC
$1,883,000
JAN FEB
MEDIAN SALES PRICE
MAR
$555
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.883 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Valley Village DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$820,000
$890,000
$1,083,000
$880,000
7.3%
Average Price per Square Foot ...........................
$402
$523
$473
$508
26.4%
Properties Sold .......................................................
5
16
17
11
120.0%
Properties Pending Sale .......................................
5
26
20
22
340.0%
Properties For Sale ................................................
17
32
39
32
88.2%
Days on Market (Pending Sale) ...........................
41
33
45
38
-7.3%
Month’s Supply of Inventory ................................
3.4
2
2.3
2.9
-14.4%
Percent Under Contract ........................................
29.4%
81.2%
51.3%
68.8%
133.8%
Average Median Price for Last 12 Months ........
$842,500
$910,000
$863,333
$884,308
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
$820
DEC
$880,000
JAN FEB
MEDIAN SALES PRICE
MAR
$508
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2016
telesproperties.com
Woodland Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$762,000
$740,000
$733,000
$739,000
-3.0%
Average Price per Square Foot ...........................
$340
$358
$360
$350
2.9%
Properties Sold .......................................................
49
66
57
49
0.0%
Properties Pending Sale .......................................
59
68
83
70
18.6%
Properties For Sale ................................................
141
169
193
144
2.1%
Days on Market (Pending Sale) ...........................
63
63
47
51
-19.0%
Month’s Supply of Inventory ................................
2.9
2.6
3.4
2.9
2.1%
Percent Under Contract ........................................
41.8%
40.2%
43.0%
48.6%
16.2%
Average Median Price for Last 12 Months ........
$719,667
$759,167
$761,333
$767,385
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$762
DEC
$739,000
JAN FEB
MEDIAN SALES PRICE
MAR
$350
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$739 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,044,417
$990,333
$1,020,417
$1,011,917
-3.1%
Average Price per Square Foot ...........................
$500
$534
$534
$514
2.9%
Properties Sold .......................................................
20
27
30
24
19.0%
Properties Pending Sale .......................................
27
28
31
24
-14.0%
Properties For Sale ................................................
62
70
70
57
-7.0%
Days on Market (Pending Sale) ...........................
61
55
48
54
-11.8%
Month’s Supply of Inventory ................................
3.1
2.6
2.4
2.4
-21.9%
Percent Under Contract ........................................
44.3%
40.0%
43.7%
40.9%
-7.5%
Average Median Price for Last 12 Months ........
$987,797
$1,019,153
$1,013,472
$1,013,513
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
$1.044
DEC
$1,011,917
JAN FEB
MEDIAN SALES PRICE
MAR
$514
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.011 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Alhambra DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$575,000
$568,000
$624,000
$642,000
11.7%
Average Price per Square Foot ...........................
$409
$423
$436
$456
11.5%
Properties Sold .......................................................
18
28
26
13
-27.8%
Properties Pending Sale .......................................
18
24
20
18
0.0%
Properties For Sale ................................................
46
44
40
38
-17.4%
Days on Market (Pending Sale) ...........................
74
51
44
30
-59.5%
Month’s Supply of Inventory ................................
2.6
1.6
1.5
2.9
14.4%
Percent Under Contract ........................................
39.1%
54.5%
50.0%
47.4%
21.1%
Average Median Price for Last 12 Months ........
$542,917
$639,500
$660,333
$608,000
12.0%
*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
$575
DEC
$642,000
JAN FEB
MEDIAN SALES PRICE
MAR
$456
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$642 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Altadena DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$757,000
$763,000
$745,000
$875,000
15.6%
Average Price per Square Foot ...........................
$422
$479
$468
$448
6.2%
Properties Sold .......................................................
31
40
51
27
-12.9%
Properties Pending Sale .......................................
47
39
48
27
-42.6%
Properties For Sale ................................................
40
67
54
49
22.5%
Days on Market (Pending Sale) ...........................
73
53
56
51
-30.1%
Month’s Supply of Inventory ................................
1.3
1.7
1.1
1.8
40.6%
Percent Under Contract ........................................
117.5%
58.2%
88.9%
55.1%
-53.1%
Average Median Price for Last 12 Months ........
$673,083
$744,500
$771,667
$736,769
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
$757
DEC
$875,000
JAN FEB
MEDIAN SALES PRICE
MAR
$448
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Arcadia DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,405,000
$1,144,000
$1,335,000
$1,313,000
-6.5%
Average Price per Square Foot ...........................
$540
$553
$521
$517
-4.3%
Properties Sold .......................................................
28
44
44
46
64.3%
Properties Pending Sale .......................................
34
39
59
41
20.6%
Properties For Sale ................................................
209
214
233
173
-17.2%
Days on Market (Pending Sale) ...........................
80
57
69
77
-3.8%
Month’s Supply of Inventory ................................
7.5
4.9
5.3
3.8
-49.6%
Percent Under Contract ........................................
16.3%
18.2%
25.3%
23.7%
45.7%
Average Median Price for Last 12 Months ........
$1,295,458
$1,283,333
$1,200,667
$1,255,385
-3.1%
*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
$1.405
DEC
$1,313,000
JAN FEB
MEDIAN SALES PRICE
MAR
$517
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.313 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Duarte DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$438,000
$445,000
$445,000
$505,000
15.3%
Average Price per Square Foot ...........................
$352
$386
$367
$364
3.4%
Properties Sold .......................................................
11
15
16
18
63.6%
Properties Pending Sale .......................................
17
22
15
14
-17.6%
Properties For Sale ................................................
32
27
37
23
-28.1%
Days on Market (Pending Sale) ...........................
51
78
58
46
-9.8%
Month’s Supply of Inventory ................................
2.9
1.8
2.3
1.3
-56.1%
Percent Under Contract ........................................
53.1%
81.5%
40.5%
60.9%
14.6%
Average Median Price for Last 12 Months ........
$454,750
$487,333
$476,333
$471,462
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
$438
DEC
$505,000
JAN FEB
MEDIAN SALES PRICE
MAR
$364
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$505 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Eagle Rock DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$683,000
$753,000
$785,000
$775,000
13.5%
Average Price per Square Foot ...........................
$432
$509
$545
$484
12.0%
Properties Sold .......................................................
16
30
19
11
-31.2%
Properties Pending Sale .......................................
25
16
17
12
-52.0%
Properties For Sale ................................................
22
28
29
25
13.6%
Days on Market (Pending Sale) ...........................
65
41
36
29
-55.4%
Month’s Supply of Inventory ................................
1.4
0.9
1.5
2.3
65.3%
Percent Under Contract ........................................
113.6%
57.1%
58.6%
48.0%
-57.8%
Average Median Price for Last 12 Months ........
$706,083
$797,000
$775,667
$761,000
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$683
DEC
$775,000
JAN FEB
MEDIAN SALES PRICE
MAR
$484
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
La Canada Flintridge DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,775,000
$1,625,000
$1,800,000
$1,555,000
-12.4%
Average Price per Square Foot ...........................
$651
$632
$632
$582
-10.6%
Properties Sold .......................................................
20
24
25
26
30.0%
Properties Pending Sale .......................................
22
22
21
22
0.0%
Properties For Sale ................................................
40
71
54
38
-5.0%
Days on Market (Pending Sale) ...........................
42
41
50
75
78.6%
Month’s Supply of Inventory ................................
2
3
2.2
1.5
-26.9%
Percent Under Contract ........................................
55.0%
31.0%
38.9%
57.9%
5.3%
Average Median Price for Last 12 Months ........
$1,614,668
$1,738,167
$1,789,000
$1,681,538
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
$1.775
DEC
$1,555,000
JAN FEB
MEDIAN SALES PRICE
MAR
$582
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Monrovia DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$645,000
$588,000
$585,000
$607,000
-5.9%
Average Price per Square Foot ...........................
$386
$420
$421
$398
3.1%
Properties Sold .......................................................
12
24
25
29
141.7%
Properties Pending Sale .......................................
22
25
26
19
-13.6%
Properties For Sale ................................................
56
49
59
45
-19.6%
Days on Market (Pending Sale) ...........................
64
52
27
51
-20.3%
Month’s Supply of Inventory ................................
4.7
2
2.4
1.6
-66.7%
Percent Under Contract ........................................
39.3%
51.0%
44.1%
42.2%
7.5%
Average Median Price for Last 12 Months ........
$619,917
$636,000
$627,333
$627,538
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
$645
DEC
$607,000
JAN FEB
MEDIAN SALES PRICE
MAR
$398
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$607 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Pasadena DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$767,000
$883,000
$841,000
$795,000
3.7%
Average Price per Square Foot ...........................
$522
$537
$537
$526
0.8%
Properties Sold .......................................................
56
68
80
67
19.6%
Properties Pending Sale .......................................
91
84
94
77
-15.4%
Properties For Sale ................................................
173
207
188
178
2.9%
Days on Market (Pending Sale) ...........................
55
62
51
51
-7.3%
Month’s Supply of Inventory ................................
3.1
3
2.4
2.7
-14.0%
Percent Under Contract ........................................
52.6%
40.6%
50.0%
43.3%
-17.8%
Average Median Price for Last 12 Months ........
$779,750
$856,500
$862,667
$839,308
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
$767
DEC
$795,000
JAN FEB
MEDIAN SALES PRICE
MAR
$526
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 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 2016
telesproperties.com
San Gabriel DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$710,000
$690,000
$710,000
$750,000
5.6%
Average Price per Square Foot ...........................
$410
$477
$440
$449
9.5%
Properties Sold .......................................................
15
21
20
24
60.0%
Properties Pending Sale .......................................
19
24
26
29
52.6%
Properties For Sale ................................................
61
60
60
51
-16.4%
Days on Market (Pending Sale) ...........................
76
70
49
38
-50.0%
Month’s Supply of Inventory ................................
4.1
2.9
3
2.1
-47.7%
Percent Under Contract ........................................
31.1%
40.0%
43.3%
56.9%
82.6%
Average Median Price for Last 12 Months ........
$716,625
$699,667
$698,333
$723,846
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
$710
DEC
$750,000
JAN FEB
MEDIAN SALES PRICE
MAR
$449
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Marino DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,650,000
$2,159,000
$1,900,000
$2,198,000
-17.1%
Average Price per Square Foot ...........................
$839
$904
$916
$754
-10.1%
Properties Sold .......................................................
11
12
17
8
-27.3%
Properties Pending Sale .......................................
9
16
19
10
11.1%
Properties For Sale ................................................
35
37
47
38
8.6%
Days on Market (Pending Sale) ...........................
40
59
58
82
105.0%
Month’s Supply of Inventory ................................
3.2
3.1
2.8
4.8
49.3%
Percent Under Contract ........................................
25.7%
43.2%
40.4%
26.3%
2.3%
Average Median Price for Last 12 Months ........
$2,288,833
$2,115,833
$2,058,667
$2,226,692
-2.7%
*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
$2.650
DEC
$2,198,000
JAN FEB
MEDIAN SALES PRICE
MAR
$754
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.198 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Sierra Madre DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$807,000
$765,000
$1,290,000
$955,000
18.3%
Average Price per Square Foot ...........................
$435
$479
$532
$550
26.4%
Properties Sold .......................................................
9
13
13
7
-22.2%
Properties Pending Sale .......................................
9
12
8
3
-66.7%
Properties For Sale ................................................
16
22
21
18
12.5%
Days on Market (Pending Sale) ...........................
71
53
45
65
-8.5%
Month’s Supply of Inventory ................................
1.8
1.7
1.6
2.6
44.6%
Percent Under Contract ........................................
56.2%
54.5%
38.1%
16.7%
-70.4%
Average Median Price for Last 12 Months ........
$939,917
$1,021,833
$1,060,000
$1,006,692
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
$807
DEC
$955,000
JAN FEB
MEDIAN SALES PRICE
MAR
$550
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
South Pasadena DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,321,000
$1,501,000
$1,185,000
$1,173,000
-11.2%
Average Price per Square Foot ...........................
$598
$607
$591
$639
6.9%
Properties Sold .......................................................
15
10
19
12
-20.0%
Properties Pending Sale .......................................
15
14
14
10
-33.3%
Properties For Sale ................................................
11
17
17
13
18.2%
Days on Market (Pending Sale) ...........................
37
44
28
47
27.0%
Month’s Supply of Inventory ................................
0.7
1.7
0.9
1.1
47.7%
Percent Under Contract ........................................
136.4%
82.4%
82.4%
76.9%
-43.6%
Average Median Price for Last 12 Months ........
$1,221,566
$1,210,167
$1,181,000
$1,223,923
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
$1.321
DEC
$1,173,000
JAN FEB
MEDIAN SALES PRICE
MAR
$639
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.173 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : November 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : November 2016
telesproperties.com
Orange County DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$700,000
$730,000
$745,000
$729,950
4.3%
Average Price per Square Foot ...........................
$425
$432
$438
$431
1.4%
Properties Sold .......................................................
1214
1876
1860
1520
25.2%
Properties Pending Sale .......................................
1408
1975
1867
1438
2.1%
Properties For Sale ................................................
5,952
7,158
7,731
5,867
-1.4%
Days on Market (Pending Sale) ...........................
64
54
53
58
-9.4%
Month’s Supply of Inventory ................................
4.9
3.8
4.2
3.9
-21.3%
Percent Under Contract ........................................
23.7%
27.6%
24.1%
24.5%
3.6%
Average Median Price for Last 12 Months ........
$690,083
$738,908
$736,150
$723,458
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
$700
DEC
$729,950
JAN FEB
MEDIAN SALES PRICE
MAR
$431
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 2016
telesproperties.com
Aliso Viejo DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$690,000
$778,000
$820,000
$778,000
12.8%
Average Price per Square Foot ...........................
$372
$371
$382
$408
9.7%
Properties Sold .......................................................
13
30
25
16
23.1%
Properties Pending Sale .......................................
16
38
26
15
-6.2%
Properties For Sale ................................................
62
82
77
36
-41.9%
Days on Market (Pending Sale) ...........................
74
54
51
65
-12.2%
Month’s Supply of Inventory ................................
4.8
2.7
3.1
2.2
-52.8%
Percent Under Contract ........................................
25.8%
46.3%
33.8%
41.7%
61.5%
Average Median Price for Last 12 Months ........
$726,042
$797,583
$801,833
$771,058
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$690
DEC
$778,000
JAN FEB
MEDIAN SALES PRICE
MAR
$408
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Balboa Peninsula DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,300,000
$7,600,000
$1,812,500
$1,975,000
51.9%
Average Price per Square Foot ...........................
$1,043
$2,007
$957
$1,383
32.6%
Properties Sold .......................................................
1
5
4
5
400.0%
Properties Pending Sale .......................................
3
4
3
2
-33.3%
Properties For Sale ................................................
27
50
53
38
40.7%
Days on Market (Pending Sale) ...........................
56
44
237
202
260.7%
Month’s Supply of Inventory ................................
27
10
13.2
7.6
-71.9%
Percent Under Contract ........................................
11.1%
8.0%
5.7%
5.3%
-52.6%
Average Median Price for Last 12 Months ........
$2,622,667
$3,340,000
$2,950,000
$3,410,192
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
$1.300
DEC
$1,975,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,383
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.6 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 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$3,100,000
$2,850,000
$2,625,000
$2,360,000
-23.9%
Average Price per Square Foot ...........................
$1,122
$969
$988
$1,047
-6.7%
Properties Sold .......................................................
15
13
12
11
-26.7%
Properties Pending Sale .......................................
11
18
14
10
-9.1%
Properties For Sale ................................................
88
92
84
73
-17.0%
Days on Market (Pending Sale) ...........................
43
106
111
123
186.0%
Month’s Supply of Inventory ................................
5.9
7.1
7
6.6
13.1%
Percent Under Contract ........................................
12.5%
19.6%
16.7%
13.7%
9.6%
Average Median Price for Last 12 Months ........
$2,486,316
$2,872,500
$2,903,333
$2,843,731
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.100
NOV DEC
$2,360,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,047
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Coto de Caza DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,491,250
$1,145,000
$1,178,775
$1,100,000
-26.2%
Average Price per Square Foot ...........................
$384
$341
$362
$333
-13.3%
Properties Sold .......................................................
6
29
15
13
116.7%
Properties Pending Sale .......................................
16
32
25
14
-12.5%
Properties For Sale ................................................
114
168
141
111
-2.6%
Days on Market (Pending Sale) ...........................
104
65
89
113
8.7%
Month’s Supply of Inventory ................................
19
5.8
9.4
8.5
-55.1%
Percent Under Contract ........................................
14.0%
19.0%
17.7%
12.6%
-10.1%
Average Median Price for Last 12 Months ........
$1,169,281
$1,212,088
$1,205,000
$1,203,487
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 $1.491
NOV DEC
$1,100,000
JAN FEB
MEDIAN SALES PRICE
MAR
$333
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.5 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 2016
telesproperties.com
Crystal Cove DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$0
$0
$6,950,000
$5,725,000
n/a
Average Price per Square Foot ...........................
$0
$0
$1,169
$1,238
n/a
Properties Sold .......................................................
0
0
3
2
n/a
Properties Pending Sale .......................................
0
1
0
4
n/a
Properties For Sale ................................................
17
22
21
26
52.9%
Days on Market (Pending Sale) ...........................
0
121
0
145
n/a
Month’s Supply of Inventory ................................
n/a
n/a
7
13
n/a
Percent Under Contract ........................................
0.0%
4.5%
0.0%
15.4%
n/a
Average Median Price for Last 12 Months ........
$6,701,494
$6,759,550
$6,712,500
$7,520,164
12.2%
*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 DEC
$5,725,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,238
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$5.725 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 2016
telesproperties.com
Dana Point DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,012,500
$950,000
$1,217,500
$922,500
-8.9%
Average Price per Square Foot ...........................
$648
$535
$639
$605
-6.6%
Properties Sold .......................................................
20
33
44
30
50.0%
Properties Pending Sale .......................................
28
41
31
26
-7.1%
Properties For Sale ................................................
153
188
196
168
9.8%
Days on Market (Pending Sale) ...........................
104
89
96
69
-33.7%
Month’s Supply of Inventory ................................
7.6
5.7
4.5
5.6
-26.8%
Percent Under Contract ........................................
18.3%
21.8%
15.8%
15.5%
-15.4%
Average Median Price for Last 12 Months ........
$1,039,566
$994,042
$898,417
$1,015,964
-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
$1.012
DEC
$922,500
JAN FEB
MEDIAN SALES PRICE
MAR
$605
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.6 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 2016
telesproperties.com
East Bluff - Harbor View DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,017,550
$1,862,500
$1,598,000
$1,550,000
52.3%
Average Price per Square Foot ...........................
$555
$721
$679
$645
16.2%
Properties Sold .......................................................
6
22
27
15
150.0%
Properties Pending Sale .......................................
18
19
25
17
-5.6%
Properties For Sale ................................................
96
119
129
97
1.0%
Days on Market (Pending Sale) ...........................
88
53
81
101
14.8%
Month’s Supply of Inventory ................................
16
5.4
4.8
6.5
-59.6%
Percent Under Contract ........................................
18.8%
16.0%
19.4%
17.5%
-6.5%
Average Median Price for Last 12 Months ........
$1,742,499
$1,800,102
$1,775,871
$1,821,686
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.017
DEC
$1,550,000
JAN FEB
MEDIAN SALES PRICE
MAR
$645
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
East Costa Mesa DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,085,000
$955,000
$1,181,900
$1,120,000
3.2%
Average Price per Square Foot ...........................
$591
$591
$544
$622
5.2%
Properties Sold .......................................................
11
11
21
11
0.0%
Properties Pending Sale .......................................
7
21
20
9
28.6%
Properties For Sale ................................................
45
71
64
47
4.4%
Days on Market (Pending Sale) ...........................
27
52
58
29
7.4%
Month’s Supply of Inventory ................................
4.1
6.5
3
4.3
4.4%
Percent Under Contract ........................................
15.6%
29.6%
31.2%
19.1%
23.1%
Average Median Price for Last 12 Months ........
$939,479
$1,039,307
$978,750
$1,031,338
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
$1.085
DEC
$1,120,000
JAN FEB
MEDIAN SALES PRICE
MAR
$622
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Fountain Valley DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$748,000
$738,000
$760,000
$799,950
6.9%
Average Price per Square Foot ...........................
$356
$369
$383
$362
1.7%
Properties Sold .......................................................
25
37
43
23
-8.0%
Properties Pending Sale .......................................
21
36
26
30
42.9%
Properties For Sale ................................................
67
78
78
72
7.5%
Days on Market (Pending Sale) ...........................
33
40
29
29
-12.1%
Month’s Supply of Inventory ................................
2.7
2.1
1.8
3.1
16.8%
Percent Under Contract ........................................
31.3%
46.2%
33.3%
41.7%
32.9%
Average Median Price for Last 12 Months ........
$715,408
$756,575
$773,983
$734,112
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
$748
DEC
$799,950
JAN FEB
MEDIAN SALES PRICE
MAR
$362
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$799 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Huntington Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$797,500
$817,500
$820,000
$769,000
-3.6%
Average Price per Square Foot ...........................
$473
$460
$477
$473
0.0%
Properties Sold .......................................................
94
102
129
97
3.2%
Properties Pending Sale .......................................
109
133
138
81
-25.7%
Properties For Sale ................................................
346
426
430
281
-18.8%
Days on Market (Pending Sale) ...........................
63
50
55
49
-22.2%
Month’s Supply of Inventory ................................
3.7
4.2
3.3
2.9
-21.3%
Percent Under Contract ........................................
31.5%
31.2%
32.1%
28.8%
-8.5%
Average Median Price for Last 12 Months ........
$791,754
$818,583
$809,667
$810,650
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
$797
DEC
$769,000
JAN FEB
MEDIAN SALES PRICE
MAR
$473
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$769 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Irvine DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$972,000
$1,029,375
$1,086,000
$1,075,600
10.7%
Average Price per Square Foot ...........................
$482
$500
$473
$464
-3.7%
Properties Sold .......................................................
65
102
113
92
41.5%
Properties Pending Sale .......................................
77
108
105
82
6.5%
Properties For Sale ................................................
365
459
515
374
2.5%
Days on Market (Pending Sale) ...........................
98
60
66
66
-32.7%
Month’s Supply of Inventory ................................
5.6
4.5
4.6
4.1
-27.6%
Percent Under Contract ........................................
21.1%
23.5%
20.4%
21.9%
3.9%
Average Median Price for Last 12 Months ........
$952,267
$1,070,248
$1,056,829
$1,028,232
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
$972
DEC
$1,075,600
JAN FEB
MEDIAN SALES PRICE
MAR
$464
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Ladera Ranch DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$780,000
$885,000
$915,000
$835,000
7.1%
Average Price per Square Foot ...........................
$330
$350
$317
$365
10.6%
Properties Sold .......................................................
15
37
29
27
80.0%
Properties Pending Sale .......................................
28
30
32
23
-17.9%
Properties For Sale ................................................
104
132
146
89
-14.4%
Days on Market (Pending Sale) ...........................
71
54
65
61
-14.1%
Month’s Supply of Inventory ................................
6.9
3.6
5
3.3
-52.5%
Percent Under Contract ........................................
26.9%
22.7%
21.9%
25.8%
-4.0%
Average Median Price for Last 12 Months ........
$859,488
$891,083
$883,333
$852,265
-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
$780
DEC
$835,000
JAN FEB
MEDIAN SALES PRICE
MAR
$365
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Laguna Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,507,500
$1,995,000
$1,700,000
$1,900,000
-24.2%
Average Price per Square Foot ...........................
$1,139
$1,172
$1,287
$1,081
-5.1%
Properties Sold .......................................................
17
35
27
27
58.8%
Properties Pending Sale .......................................
29
30
32
22
-24.1%
Properties For Sale ................................................
229
284
294
226
-1.3%
Days on Market (Pending Sale) ...........................
107
128
83
143
33.6%
Month’s Supply of Inventory ................................
13.5
8.1
10.9
8.4
-37.9%
Percent Under Contract ........................................
12.7%
10.6%
10.9%
9.7%
-23.1%
Average Median Price for Last 12 Months ........
$1,924,123
$1,810,750
$1,878,167
$1,960,846
1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.507
NOV DEC
$1,900,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,081
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Laguna Niguel DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$917,500
$875,000
$858,000
$855,000
-6.8%
Average Price per Square Foot ...........................
$417
$429
$413
$414
-0.7%
Properties Sold .......................................................
48
65
77
53
10.4%
Properties Pending Sale .......................................
41
50
54
37
-9.8%
Properties For Sale ................................................
205
276
336
223
8.8%
Days on Market (Pending Sale) ...........................
63
58
55
82
30.2%
Month’s Supply of Inventory ................................
4.3
4.2
4.4
4.2
-1.5%
Percent Under Contract ........................................
20.0%
18.1%
16.1%
16.6%
-17.0%
Average Median Price for Last 12 Months ........
$849,563
$875,417
$882,500
$867,231
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 NOV
$917
DEC
$855,000
JAN FEB
MEDIAN SALES PRICE
MAR
$414
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$855 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Laguna Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$660,000
$817,000
$867,500
$712,900
8.0%
Average Price per Square Foot ...........................
$331
$372
$386
$356
7.6%
Properties Sold .......................................................
21
28
28
17
-19.0%
Properties Pending Sale .......................................
27
30
23
21
-22.2%
Properties For Sale ................................................
111
127
133
104
-6.3%
Days on Market (Pending Sale) ...........................
77
79
55
73
-5.2%
Month’s Supply of Inventory ................................
5.3
4.5
4.8
6.1
15.7%
Percent Under Contract ........................................
24.3%
23.6%
17.3%
20.2%
-17.0%
Average Median Price for Last 12 Months ........
$791,748
$848,725
$814,283
$796,104
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$660
DEC
$712,900
JAN FEB
MEDIAN SALES PRICE
MAR
$356
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Laguna Woods DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$0
$910,000
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$478
$0
$0
n/a
Properties Sold .......................................................
0
1
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
1
1
n/a
Days on Market (Pending Sale) ...........................
0
24
0
0
n/a
Month’s Supply of Inventory ................................
n/a
0
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
n/a
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$210,375
n/a
n/a
$779,500
270.5%
*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 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 2016
telesproperties.com
Lantern Village in Dana Point DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,102,500
$1,478,500
$1,051,500
$840,000
-23.8%
Average Price per Square Foot ...........................
$336
$587
$517
$521
55.1%
Properties Sold .......................................................
2
6
6
9
350.0%
Properties Pending Sale .......................................
4
7
5
3
-25.0%
Properties For Sale ................................................
22
22
25
20
-9.1%
Days on Market (Pending Sale) ...........................
88
105
37
39
-55.7%
Month’s Supply of Inventory ................................
11
3.7
4.2
2.2
-79.8%
Percent Under Contract ........................................
18.2%
31.8%
20.0%
15.0%
-17.5%
Average Median Price for Last 12 Months ........
$987,682
$847,167
$798,167
$932,462
-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 $1.102
NOV DEC
$840,000
JAN FEB
MEDIAN SALES PRICE
MAR
$521
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$4,575,000
$2,800,000
$3,075,000
$2,880,000
-37.0%
Average Price per Square Foot ...........................
$1,321
$1,294
$1,131
$1,187
-10.1%
Properties Sold .......................................................
3
4
4
6
100.0%
Properties Pending Sale .......................................
2
6
6
5
150.0%
Properties For Sale ................................................
26
32
38
31
19.2%
Days on Market (Pending Sale) ...........................
143
57
121
85
-40.6%
Month’s Supply of Inventory ................................
8.7
8
9.5
5.2
-40.4%
Percent Under Contract ........................................
7.7%
18.8%
15.8%
16.1%
109.7%
Average Median Price for Last 12 Months ........
$3,386,032
$3,234,167
$3,251,667
$3,162,115
-6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $4.575
NOV DEC
$2,880,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,187
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 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 2016
telesproperties.com
Mission Viejo DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$650,000
$680,000
$696,000
$699,000
7.5%
Average Price per Square Foot ...........................
$352
$354
$344
$356
1.1%
Properties Sold .......................................................
69
117
101
75
8.7%
Properties Pending Sale .......................................
76
111
104
66
-13.2%
Properties For Sale ................................................
254
314
331
223
-12.2%
Days on Market (Pending Sale) ...........................
53
39
50
60
13.2%
Month’s Supply of Inventory ................................
3.7
2.7
3.3
3
-19.2%
Percent Under Contract ........................................
29.9%
35.4%
31.4%
29.6%
-1.1%
Average Median Price for Last 12 Months ........
$660,096
$695,417
$697,167
$679,654
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
$650
DEC
$699,000
JAN FEB
MEDIAN SALES PRICE
MAR
$356
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$699 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Monarch Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,610,000
$1,245,000
$1,697,500
$1,567,500
-2.6%
Average Price per Square Foot ...........................
$1,047
$664
$847
$846
-19.2%
Properties Sold .......................................................
8
11
18
10
25.0%
Properties Pending Sale .......................................
8
18
11
9
12.5%
Properties For Sale ................................................
72
93
88
83
15.3%
Days on Market (Pending Sale) ...........................
91
128
142
79
-13.2%
Month’s Supply of Inventory ................................
9
8.5
4.9
8.3
-7.8%
Percent Under Contract ........................................
11.1%
19.4%
12.5%
10.8%
-2.4%
Average Median Price for Last 12 Months ........
$1,555,104
$1,812,146
$1,825,125
$1,705,500
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
$1.610
DEC
$1,567,500
JAN FEB
MEDIAN SALES PRICE
MAR
$846
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
8.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.567 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Nelle Gail DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$660,000
$817,000
$887,500
$712,900
8.0%
Average Price per Square Foot ...........................
$331
$372
$388
$352
6.3%
Properties Sold .......................................................
21
28
26
15
-28.6%
Properties Pending Sale .......................................
27
29
23
21
-22.2%
Properties For Sale ................................................
111
121
130
101
-9.0%
Days on Market (Pending Sale) ...........................
77
81
55
73
-5.2%
Month’s Supply of Inventory ................................
5.3
4.3
5
6.7
27.4%
Percent Under Contract ........................................
24.3%
24.0%
17.7%
20.8%
-14.5%
Average Median Price for Last 12 Months ........
$810,695
$854,175
$814,283
$799,965
-1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$660
DEC
$712,900
JAN FEB
MEDIAN SALES PRICE
MAR
$352
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$712 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Newport Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,775,000
$1,985,300
$1,795,000
$1,840,000
3.7%
Average Price per Square Foot ...........................
$836
$1,005
$769
$852
1.9%
Properties Sold .......................................................
41
47
61
62
51.2%
Properties Pending Sale .......................................
42
57
61
52
23.8%
Properties For Sale ................................................
281
394
415
327
16.4%
Days on Market (Pending Sale) ...........................
74
70
86
84
13.5%
Month’s Supply of Inventory ................................
6.9
8.4
6.8
5.3
-23.0%
Percent Under Contract ........................................
14.9%
14.5%
14.7%
15.9%
6.4%
Average Median Price for Last 12 Months ........
$1,868,380
$1,924,667
$1,884,333
$1,932,562
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
$1.775
DEC
$1,840,000
JAN FEB
MEDIAN SALES PRICE
MAR
$852
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Newport Coast DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,100,000
$2,450,000
$4,375,000
$2,508,625
19.5%
Average Price per Square Foot ...........................
$747
$898
$974
$857
14.7%
Properties Sold .......................................................
6
11
13
12
100.0%
Properties Pending Sale .......................................
9
18
8
10
11.1%
Properties For Sale ................................................
94
118
109
109
16.0%
Days on Market (Pending Sale) ...........................
69
60
76
92
33.3%
Month’s Supply of Inventory ................................
15.7
10.7
8.4
9.1
-42.0%
Percent Under Contract ........................................
9.6%
15.3%
7.3%
9.2%
-4.2%
Average Median Price for Last 12 Months ........
$3,133,297
$3,028,104
$2,636,208
$2,849,317
-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
$2.100
DEC
$2,508,625
JAN FEB
MEDIAN SALES PRICE
MAR
$857
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Newport Heights DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,355,000
$0
$1,741,250
$1,600,000
18.1%
Average Price per Square Foot ...........................
$765
$0
$685
$833
8.9%
Properties Sold .......................................................
6
0
4
5
-16.7%
Properties Pending Sale .......................................
3
7
6
7
133.3%
Properties For Sale ................................................
25
50
54
38
52.0%
Days on Market (Pending Sale) ...........................
61
50
66
45
-26.2%
Month’s Supply of Inventory ................................
4.2
n/a
13.5
7.6
82.4%
Percent Under Contract ........................................
12.0%
14.0%
11.1%
18.4%
53.5%
Average Median Price for Last 12 Months ........
$1,591,208
$2,069,688
$2,354,792
$1,773,760
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.355
DEC
$1,600,000
JAN FEB
MEDIAN SALES PRICE
MAR
$833
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Rancho Santa Margarita DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$729,000
$707,500
$747,500
$725,000
-0.5%
Average Price per Square Foot ...........................
$317
$341
$338
$334
5.4%
Properties Sold .......................................................
33
52
52
41
24.2%
Properties Pending Sale .......................................
41
58
40
37
-9.8%
Properties For Sale ................................................
129
155
164
119
-7.8%
Days on Market (Pending Sale) ...........................
78
43
54
46
-41.0%
Month’s Supply of Inventory ................................
3.9
3
3.2
2.9
-25.8%
Percent Under Contract ........................................
31.8%
37.4%
24.4%
31.1%
-2.2%
Average Median Price for Last 12 Months ........
$672,938
$729,583
$725,000
$723,288
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
$729
DEC
$725,000
JAN FEB
MEDIAN SALES PRICE
MAR
$334
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 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 2016
telesproperties.com
San Clemente DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,062,500
$935,000
$945,121
$905,000
-14.8%
Average Price per Square Foot ...........................
$379
$421
$401
$391
3.2%
Properties Sold .......................................................
48
83
71
52
8.3%
Properties Pending Sale .......................................
56
78
76
57
1.8%
Properties For Sale ................................................
282
369
378
262
-7.1%
Days on Market (Pending Sale) ...........................
79
73
58
79
0.0%
Month’s Supply of Inventory ................................
5.9
4.4
5.3
5
-14.2%
Percent Under Contract ........................................
19.9%
21.1%
20.1%
21.8%
9.6%
Average Median Price for Last 12 Months ........
$881,776
$927,354
$906,667
$931,004
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 $1.062
NOV DEC
$905,000
JAN FEB
MEDIAN SALES PRICE
MAR
$391
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Juan Capistrano DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,147,500
$786,250
$920,000
$1,037,000
-9.6%
Average Price per Square Foot ...........................
$349
$354
$395
$336
-3.7%
Properties Sold .......................................................
16
32
29
28
75.0%
Properties Pending Sale .......................................
21
40
42
33
57.1%
Properties For Sale ................................................
145
187
214
163
12.4%
Days on Market (Pending Sale) ...........................
131
68
78
96
-26.7%
Month’s Supply of Inventory ................................
9.1
5.8
7.4
5.8
-35.8%
Percent Under Contract ........................................
14.5%
21.4%
19.6%
20.2%
39.8%
Average Median Price for Last 12 Months ........
$868,938
$981,000
$1,004,000
$982,982
13.1%
*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
$1.147
DEC
$1,037,000
JAN FEB
MEDIAN SALES PRICE
MAR
$336
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.037 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Shady Canyon DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,518,200
$1,699,000
$1,710,000
$1,320,000
-13.1%
Average Price per Square Foot ...........................
$704
$668
$599
$729
3.6%
Properties Sold .......................................................
9
18
18
5
-44.4%
Properties Pending Sale .......................................
8
15
17
7
-12.5%
Properties For Sale ................................................
78
93
107
95
21.8%
Days on Market (Pending Sale) ...........................
235
95
103
130
-44.7%
Month’s Supply of Inventory ................................
8.7
5.2
5.9
19
119.2%
Percent Under Contract ........................................
10.3%
16.1%
15.9%
7.4%
-28.2%
Average Median Price for Last 12 Months ........
$2,242,244
$1,861,250
$1,666,667
$1,788,669
-20.2%
*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
$1.518
DEC
$1,320,000
JAN FEB
MEDIAN SALES PRICE
MAR
$729
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
19 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Turtle Ridge DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$0
$2,625,000
$2,710,000
$0
n/a
Average Price per Square Foot ...........................
$0
$807
$705
$0
n/a
Properties Sold .......................................................
0
2
3
0
n/a
Properties Pending Sale .......................................
3
4
2
0
-100.0%
Properties For Sale ................................................
14
20
15
27
92.9%
Days on Market (Pending Sale) ...........................
108
100
36
100
-7.4%
Month’s Supply of Inventory ................................
n/a
10
5
n/a
n/a
Percent Under Contract ........................................
21.4%
20.0%
13.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$2,088,292
$2,580,730
$2,409,325
$2,752,865
31.8%
*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 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 2016
telesproperties.com
Turtle Rock DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,416,600
$1,699,000
$1,391,500
$1,320,000
-6.8%
Average Price per Square Foot ...........................
$720
$660
$569
$729
1.2%
Properties Sold .......................................................
8
14
8
5
-37.5%
Properties Pending Sale .......................................
4
10
12
7
75.0%
Properties For Sale ................................................
50
57
85
56
12.0%
Days on Market (Pending Sale) ...........................
306
81
85
130
-57.5%
Month’s Supply of Inventory ................................
6.2
4.1
10.6
11.2
79.2%
Percent Under Contract ........................................
8.0%
17.5%
14.1%
12.5%
56.2%
Average Median Price for Last 12 Months ........
$1,425,623
$1,624,417
$1,680,000
$1,812,585
27.1%
*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
$1.416
DEC
$1,320,000
JAN FEB
MEDIAN SALES PRICE
MAR
$729
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
11.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Westminster DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$560,000
$615,000
$580,000
$620,000
10.7%
Average Price per Square Foot ...........................
$357
$363
$362
$353
-1.1%
Properties Sold .......................................................
16
40
35
35
118.8%
Properties Pending Sale .......................................
44
29
34
34
-22.7%
Properties For Sale ................................................
109
84
104
82
-24.8%
Days on Market (Pending Sale) ...........................
50
42
33
27
-46.0%
Month’s Supply of Inventory ................................
6.8
2.1
3
2.3
-65.6%
Percent Under Contract ........................................
40.4%
34.5%
32.7%
41.5%
2.7%
Average Median Price for Last 12 Months ........
$556,021
$614,667
$629,500
$592,731
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$560
DEC
$620,000
JAN FEB
MEDIAN SALES PRICE
MAR
$353
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,750,000
$1,520,000
$1,700,000
$1,700,000
-2.9%
Average Price per Square Foot ...........................
$630
$700
$744
$575
-8.7%
Properties Sold .......................................................
15
11
13
13
-13.3%
Properties Pending Sale .......................................
10
12
15
11
10.0%
Properties For Sale ................................................
65
78
75
61
-6.2%
Days on Market (Pending Sale) ...........................
52
125
73
85
63.5%
Month’s Supply of Inventory ................................
4.3
7.1
5.8
4.7
8.3%
Percent Under Contract ........................................
15.4%
15.4%
20.0%
18.0%
17.2%
Average Median Price for Last 12 Months ........
$1,586,504
$1,578,583
$1,581,667
$1,608,462
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 NOV
$1.750
DEC
$1,700,000
JAN FEB
MEDIAN SALES PRICE
MAR
$575
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.7 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 2016
telesproperties.com
West Newport - Lido DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,375,000
$3,100,000
$3,035,000
$1,930,000
-18.7%
Average Price per Square Foot ...........................
$1,222
$1,568
$870
$1,062
-13.1%
Properties Sold .......................................................
10
5
9
17
70.0%
Properties Pending Sale .......................................
6
9
6
10
66.7%
Properties For Sale ................................................
41
65
64
62
51.2%
Days on Market (Pending Sale) ...........................
57
73
53
58
1.8%
Month’s Supply of Inventory ................................
4.1
13
7.1
3.6
-11.0%
Percent Under Contract ........................................
14.6%
13.8%
9.4%
16.1%
10.2%
Average Median Price for Last 12 Months ........
$2,324,375
$2,497,750
$2,591,333
$2,379,962
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
$2.375
DEC
$1,930,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,062
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.930 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 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : November 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : November 2016
telesproperties.com
Carpinteria DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,362,000
$1,249,500
$807,500
$1,065,000
-21.8%
Average Price per Square Foot ...........................
$1,717
$1,511
$559
$1,019
-40.7%
Properties Sold .......................................................
4
9
6
7
75.0%
Properties Pending Sale .......................................
6
8
8
8
33.3%
Properties For Sale ................................................
26
37
46
48
84.6%
Days on Market (Pending Sale) ...........................
32
124
32
36
12.5%
Month’s Supply of Inventory ................................
6.5
4.1
7.7
6.9
5.5%
Percent Under Contract ........................................
23.1%
21.6%
17.4%
16.7%
-27.8%
Average Median Price for Last 12 Months ........
$959,702
$960,125
$1,019,417
$1,035,013
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.362
DEC
$1,065,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,019
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Goleta DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$782,500
$852,000
$890,000
$775,000
-1.0%
Average Price per Square Foot ...........................
$421
$462
$497
$517
22.8%
Properties Sold .......................................................
10
13
19
11
10.0%
Properties Pending Sale .......................................
7
15
11
11
57.1%
Properties For Sale ................................................
25
38
41
42
68.0%
Days on Market (Pending Sale) ...........................
67
37
53
49
-26.9%
Month’s Supply of Inventory ................................
2.5
2.9
2.2
3.8
52.7%
Percent Under Contract ........................................
28.0%
39.5%
26.8%
26.2%
-6.5%
Average Median Price for Last 12 Months ........
$785,580
$855,375
$823,250
$828,829
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
$782
DEC
$775,000
JAN FEB
MEDIAN SALES PRICE
MAR
$517
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Hope Ranch DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,418,500
$2,200,000
$2,325,000
$3,992,500
65.1%
Average Price per Square Foot ...........................
$932
$804
$699
$1,039
11.5%
Properties Sold .......................................................
1
3
3
2
100.0%
Properties Pending Sale .......................................
1
2
2
2
100.0%
Properties For Sale ................................................
15
30
40
45
200.0%
Days on Market (Pending Sale) ...........................
9
98
62
19
111.1%
Month’s Supply of Inventory ................................
15
10
13.3
22.5
50.0%
Percent Under Contract ........................................
6.7%
6.7%
5.0%
4.4%
-33.3%
Average Median Price for Last 12 Months ........
$3,324,135
$2,907,083
$3,664,167
$3,350,500
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
$2.418
DEC
$3,992,500
JAN FEB
MEDIAN SALES PRICE
MAR
$1,039
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
22.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$3.992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Montecito DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$2,880,000
$2,500,000
$2,500,000
$2,517,500
-12.6%
Average Price per Square Foot ...........................
$986
$1,027
$896
$938
-4.9%
Properties Sold .......................................................
9
19
12
14
55.6%
Properties Pending Sale .......................................
24
21
13
7
-70.8%
Properties For Sale ................................................
162
188
197
182
12.3%
Days on Market (Pending Sale) ...........................
86
117
81
146
69.8%
Month’s Supply of Inventory ................................
18
9.9
16.4
13
-27.8%
Percent Under Contract ........................................
14.8%
11.2%
6.6%
3.8%
-74.0%
Average Median Price for Last 12 Months ........
$3,267,609
$2,652,083
$2,470,833
$2,940,577
-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
$2.880
DEC
$2,517,500
JAN FEB
MEDIAN SALES PRICE
MAR
$938
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
13 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$2.517 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Santa Barbara East of State DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,432,500
$1,222,500
$1,400,000
$1,297,500
-9.4%
Average Price per Square Foot ...........................
$768
$735
$720
$607
-21.0%
Properties Sold .......................................................
14
32
34
22
57.1%
Properties Pending Sale .......................................
21
37
47
28
33.3%
Properties For Sale ................................................
120
147
184
147
22.5%
Days on Market (Pending Sale) ...........................
98
34
62
70
-28.6%
Month’s Supply of Inventory ................................
8.6
4.6
5.4
6.7
-22.0%
Percent Under Contract ........................................
17.5%
25.2%
25.5%
19.0%
8.8%
Average Median Price for Last 12 Months ........
$1,222,896
$1,252,063
$1,224,667
$1,326,894
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
$1.432
DEC
$1,297,500
JAN FEB
MEDIAN SALES PRICE
MAR
$607
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.297 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Santa Barbara West of State DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$979,500
$1,045,000
$1,145,000
$1,070,000
9.2%
Average Price per Square Foot ...........................
$645
$695
$674
$697
8.1%
Properties Sold .......................................................
16
17
28
29
81.2%
Properties Pending Sale .......................................
17
16
23
18
5.9%
Properties For Sale ................................................
69
84
103
85
23.2%
Days on Market (Pending Sale) ...........................
44
40
44
45
2.3%
Month’s Supply of Inventory ................................
4.3
4.9
3.7
2.9
-32.0%
Percent Under Contract ........................................
24.6%
19.0%
22.3%
21.2%
-14.0%
Average Median Price for Last 12 Months ........
$1,021,208
$1,067,583
$1,110,833
$1,061,756
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
$979
DEC
$1,070,000
JAN FEB
MEDIAN SALES PRICE
MAR
$697
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.070 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Santa Ynez DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$641,500
$840,000
$805,000
$744,950
16.1%
Average Price per Square Foot ...........................
$316
$439
$334
$348
10.1%
Properties Sold .......................................................
16
15
17
10
-37.5%
Properties Pending Sale .......................................
11
15
17
15
36.4%
Properties For Sale ................................................
129
161
150
142
10.1%
Days on Market (Pending Sale) ...........................
202
112
172
117
-42.1%
Month’s Supply of Inventory ................................
8.1
10.7
8.8
14.2
76.1%
Percent Under Contract ........................................
8.5%
9.3%
11.3%
10.6%
23.9%
Average Median Price for Last 12 Months ........
$794,729
$773,158
$754,150
$744,573
-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
$641
DEC
$744,950
JAN FEB
MEDIAN SALES PRICE
MAR
$348
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
14.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$744 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : November 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : November 2016
telesproperties.com
Carmel DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,907,500
$1,400,000
$1,500,000
$1,695,000
-11.1%
Average Price per Square Foot ...........................
$756
$691
$765
$775
2.5%
Properties Sold .......................................................
18
16
19
17
-5.6%
Properties Pending Sale .......................................
29
23
20
18
-37.9%
Properties For Sale ................................................
157
165
182
170
8.3%
Days on Market (Pending Sale) ...........................
101
50
80
106
5.0%
Month’s Supply of Inventory ................................
8.7
10.3
9.6
10
14.6%
Percent Under Contract ........................................
18.5%
13.9%
11.0%
10.6%
-42.7%
Average Median Price for Last 12 Months ........
$1,400,792
$1,466,667
$1,452,500
$1,485,192
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
$1.907
DEC
$1,695,000
JAN FEB
MEDIAN SALES PRICE
MAR
$775
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
10 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Carmel Valley DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$920,000
$1,060,000
$950,000
$1,000,000
8.7%
Average Price per Square Foot ...........................
$444
$471
$445
$470
5.9%
Properties Sold .......................................................
5
9
11
13
160.0%
Properties Pending Sale .......................................
6
20
6
4
-33.3%
Properties For Sale ................................................
67
77
70
65
-3.0%
Days on Market (Pending Sale) ...........................
84
71
89
149
77.4%
Month’s Supply of Inventory ................................
13.4
8.6
6.4
5
-62.7%
Percent Under Contract ........................................
9.0%
26.0%
8.6%
6.2%
-31.3%
Average Median Price for Last 12 Months ........
$911,567
$1,093,333
$1,129,167
$998,962
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 NOV
$920
DEC
$1,000,000
JAN FEB
MEDIAN SALES PRICE
MAR
$470
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Marina DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$459,000
$501,000
$530,000
$487,500
6.2%
Average Price per Square Foot ...........................
$290
$336
$336
$345
19.0%
Properties Sold .......................................................
13
11
9
8
-38.5%
Properties Pending Sale .......................................
8
13
9
12
50.0%
Properties For Sale ................................................
25
26
30
36
44.0%
Days on Market (Pending Sale) ...........................
31
52
45
26
-16.1%
Month’s Supply of Inventory ................................
1.9
2.4
3.3
4.5
134.0%
Percent Under Contract ........................................
32.0%
50.0%
30.0%
33.3%
4.2%
Average Median Price for Last 12 Months ........
$442,613
$494,667
$501,000
$481,308
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$459
DEC
$487,500
JAN FEB
MEDIAN SALES PRICE
MAR
$345
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.5 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 2016
telesproperties.com
Monterey DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$657,500
$850,000
$757,000
$802,250
22.0%
Average Price per Square Foot ...........................
$440
$455
$466
$481
9.3%
Properties Sold .......................................................
22
19
15
18
-18.2%
Properties Pending Sale .......................................
20
13
27
21
5.0%
Properties For Sale ................................................
93
86
119
80
-14.0%
Days on Market (Pending Sale) ...........................
68
31
52
44
-35.3%
Month’s Supply of Inventory ................................
4.2
4.5
7.9
4.4
5.1%
Percent Under Contract ........................................
21.5%
15.1%
22.7%
26.2%
22.1%
Average Median Price for Last 12 Months ........
$681,313
$768,183
$767,367
$742,450
9.0%
*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
$657
DEC
$802,250
JAN FEB
MEDIAN SALES PRICE
MAR
$481
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$802 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Pacific Grove DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$912,500
$1,064,500
$790,000
$797,000
-12.7%
Average Price per Square Foot ...........................
$633
$615
$724
$626
-1.1%
Properties Sold .......................................................
10
18
13
9
-10.0%
Properties Pending Sale .......................................
11
20
9
11
0.0%
Properties For Sale ................................................
58
61
61
56
-3.4%
Days on Market (Pending Sale) ...........................
70
70
55
79
12.9%
Month’s Supply of Inventory ................................
5.8
3.4
4.7
6.2
7.3%
Percent Under Contract ........................................
19.0%
32.8%
14.8%
19.6%
3.6%
Average Median Price for Last 12 Months ........
$800,500
$846,750
$868,167
$857,462
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
$912
DEC
$797,000
JAN FEB
MEDIAN SALES PRICE
MAR
$626
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.2 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 2016
telesproperties.com
Pebble Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,256,000
$1,550,000
$2,562,500
$1,305,000
3.9%
Average Price per Square Foot ...........................
$574
$742
$1,030
$599
4.4%
Properties Sold .......................................................
9
9
14
9
0.0%
Properties Pending Sale .......................................
7
14
5
9
28.6%
Properties For Sale ................................................
84
87
85
83
-1.2%
Days on Market (Pending Sale) ...........................
116
154
171
175
50.9%
Month’s Supply of Inventory ................................
9.3
9.7
6.1
9.2
-1.2%
Percent Under Contract ........................................
8.3%
16.1%
5.9%
10.8%
30.1%
Average Median Price for Last 12 Months ........
$1,593,229
$1,697,500
$1,599,833
$1,565,269
-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 NOV
$1.256
DEC
$1,305,000
JAN FEB
MEDIAN SALES PRICE
MAR
$599
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.305 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 2016
telesproperties.com
Salinas DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$415,000
$470,000
$466,000
$435,000
4.8%
Average Price per Square Foot ...........................
$285
$275
$283
$286
0.4%
Properties Sold .......................................................
52
65
62
53
1.9%
Properties Pending Sale .......................................
60
89
68
48
-20.0%
Properties For Sale ................................................
191
223
215
191
0.0%
Days on Market (Pending Sale) ...........................
55
42
56
59
7.3%
Month’s Supply of Inventory ................................
3.7
3.4
3.5
3.6
-1.9%
Percent Under Contract ........................................
31.4%
39.9%
31.6%
25.1%
-20.0%
Average Median Price for Last 12 Months ........
$411,194
$467,917
$464,833
$448,077
9.0%
*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
$415
DEC
$435,000
JAN FEB
MEDIAN SALES PRICE
MAR
$286
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 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 2016
telesproperties.com
Seaside DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$438,750
$450,345
$460,000
$450,000
2.6%
Average Price per Square Foot ...........................
$369
$356
$358
$363
-1.6%
Properties Sold .......................................................
10
8
11
15
50.0%
Properties Pending Sale .......................................
12
21
25
17
41.7%
Properties For Sale ................................................
37
50
65
43
16.2%
Days on Market (Pending Sale) ...........................
30
33
48
38
26.7%
Month’s Supply of Inventory ................................
3.7
6.2
5.9
2.9
-22.5%
Percent Under Contract ........................................
32.4%
42.0%
38.5%
39.5%
21.9%
Average Median Price for Last 12 Months ........
$389,729
$465,000
$468,333
$458,584
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
$438
DEC
$450,000
JAN FEB
MEDIAN SALES PRICE
MAR
$363
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : November 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : November 2016
telesproperties.com
San Diego County DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$535,000
$568,500
$565,000
$560,000
4.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1439
2272
2179
1887
31.1%
Properties Pending Sale .......................................
1856
2628
2535
1870
0.8%
Properties For Sale ................................................
7,318
8,197
8,767
7,033
-3.9%
Days on Market (Pending Sale) ...........................
49
37
42
47
-4.1%
Month’s Supply of Inventory ................................
5.1
3.6
4
3.7
-26.7%
Percent Under Contract ........................................
25.4%
32.1%
28.9%
26.6%
4.8%
Average Median Price for Last 12 Months ........
$521,146
$567,417
$570,000
$555,212
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
$535
DEC
$560,000
JAN FEB
MEDIAN SALES PRICE
MAR
n/a
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 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 2016
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$780,000
$785,000
$799,450
$770,500
-1.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
7
9
8
11
57.1%
Properties Pending Sale .......................................
10
6
7
6
-40.0%
Properties For Sale ................................................
36
28
38
25
-30.6%
Days on Market (Pending Sale) ...........................
54
28
16
25
-53.7%
Month’s Supply of Inventory ................................
5.1
3.1
4.8
2.3
-55.8%
Percent Under Contract ........................................
27.8%
21.4%
18.4%
24.0%
-13.6%
Average Median Price for Last 12 Months ........
$693,271
$765,808
$769,467
$732,835
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
$780
DEC
$770,500
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Carlsbad DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$817,000
$930,000
$880,000
$830,000
1.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
61
121
97
63
3.3%
Properties Pending Sale .......................................
81
114
115
73
-9.9%
Properties For Sale ................................................
310
344
403
287
-7.4%
Days on Market (Pending Sale) ...........................
41
29
37
35
-14.6%
Month’s Supply of Inventory ................................
5.1
2.8
4.2
4.6
-10.4%
Percent Under Contract ........................................
26.1%
33.1%
28.5%
25.4%
-2.7%
Average Median Price for Last 12 Months ........
$819,410
$875,667
$859,833
$857,637
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$817
DEC
$830,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Carmel Valley DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,042,500
$1,122,000
$1,250,000
$1,194,500
14.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
28
50
47
42
50.0%
Properties Pending Sale .......................................
29
73
43
27
-6.9%
Properties For Sale ................................................
179
223
193
139
-22.3%
Days on Market (Pending Sale) ...........................
75
36
35
53
-29.3%
Month’s Supply of Inventory ................................
6.4
4.5
4.1
3.3
-48.2%
Percent Under Contract ........................................
16.2%
32.7%
22.3%
19.4%
19.9%
Average Median Price for Last 12 Months ........
$1,141,542
$1,167,167
$1,168,167
$1,133,803
-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
$1.042
DEC
$1,194,500
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.194 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Chula Vista DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$488,000
$490,000
$524,000
$500,000
2.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
120
190
163
137
14.2%
Properties Pending Sale .......................................
151
196
207
158
4.6%
Properties For Sale ................................................
516
476
535
446
-13.6%
Days on Market (Pending Sale) ...........................
44
32
37
42
-4.5%
Month’s Supply of Inventory ................................
4.3
2.5
3.3
3.3
-24.3%
Percent Under Contract ........................................
29.3%
41.2%
38.7%
35.4%
21.1%
Average Median Price for Last 12 Months ........
$471,003
$514,275
$516,667
$503,858
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$488
DEC
$500,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 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 2016
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$551,000
$573,500
$574,500
$595,000
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
29
42
40
35
20.7%
Properties Pending Sale .......................................
26
40
41
28
7.7%
Properties For Sale ................................................
95
97
116
70
-26.3%
Days on Market (Pending Sale) ...........................
39
19
30
28
-28.2%
Month’s Supply of Inventory ................................
3.3
2.3
2.9
2
-38.9%
Percent Under Contract ........................................
27.4%
41.2%
35.3%
40.0%
46.2%
Average Median Price for Last 12 Months ........
$542,458
$586,908
$586,933
$577,677
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
$551
DEC
$595,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Coronado DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,670,000
$1,835,000
$2,000,000
$1,506,250
-9.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
8
20
17
6
-25.0%
Properties Pending Sale .......................................
12
17
18
6
-50.0%
Properties For Sale ................................................
123
123
138
121
-1.6%
Days on Market (Pending Sale) ...........................
108
41
104
79
-26.9%
Month’s Supply of Inventory ................................
15.4
6.2
8.1
20.2
31.2%
Percent Under Contract ........................................
9.8%
13.8%
13.0%
5.0%
-49.2%
Average Median Price for Last 12 Months ........
$1,731,692
$1,769,667
$1,668,750
$1,713,634
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.670
DEC
$1,506,250
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
20.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.506 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Del Mar DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,590,000
$1,750,000
$1,480,000
$1,838,000
15.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
12
17
13
11
-8.3%
Properties Pending Sale .......................................
9
20
8
6
-33.3%
Properties For Sale ................................................
75
104
91
77
2.7%
Days on Market (Pending Sale) ...........................
41
212
49
87
112.2%
Month’s Supply of Inventory ................................
6.2
6.1
7
7
12.0%
Percent Under Contract ........................................
12.0%
19.2%
8.8%
7.8%
-35.1%
Average Median Price for Last 12 Months ........
$1,718,698
$1,789,667
$1,841,417
$1,812,250
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$1.590
DEC
$1,838,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.838 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
El Cajon DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$440,000
$491,500
$479,312
$485,000
10.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
79
106
114
109
38.0%
Properties Pending Sale .......................................
77
128
123
99
28.6%
Properties For Sale ................................................
331
369
376
344
3.9%
Days on Market (Pending Sale) ...........................
43
31
38
33
-23.3%
Month’s Supply of Inventory ................................
4.2
3.5
3.3
3.2
-24.7%
Percent Under Contract ........................................
23.3%
34.7%
32.7%
28.8%
23.7%
Average Median Price for Last 12 Months ........
$448,871
$495,427
$493,333
$474,332
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
$440
DEC
$485,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Encinitas DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,167,000
$1,316,000
$1,150,000
$1,247,500
6.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
28
47
40
48
71.4%
Properties Pending Sale .......................................
28
58
48
34
21.4%
Properties For Sale ................................................
145
198
184
153
5.5%
Days on Market (Pending Sale) ...........................
55
34
40
73
32.7%
Month’s Supply of Inventory ................................
5.2
4.2
4.6
3.2
-38.4%
Percent Under Contract ........................................
19.3%
29.3%
26.1%
22.2%
15.1%
Average Median Price for Last 12 Months ........
$1,090,771
$1,216,083
$1,218,833
$1,149,885
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
$1.167
DEC
$1,247,500
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.247 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Escondido DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$465,000
$489,107
$505,000
$500,000
7.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
89
166
137
147
65.2%
Properties Pending Sale .......................................
113
162
156
135
19.5%
Properties For Sale ................................................
494
533
617
482
-2.4%
Days on Market (Pending Sale) ...........................
47
37
49
56
19.1%
Month’s Supply of Inventory ................................
5.6
3.2
4.5
3.3
-40.9%
Percent Under Contract ........................................
22.9%
30.4%
25.3%
28.0%
22.4%
Average Median Price for Last 12 Months ........
$450,833
$502,833
$494,833
$493,008
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
$465
DEC
$500,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 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 2016
telesproperties.com
Imperial-Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$473,500
$421,250
$540,000
$454,500
-4.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
10
12
9
10
0.0%
Properties Pending Sale .......................................
8
8
9
10
25.0%
Properties For Sale ................................................
19
24
42
39
105.3%
Days on Market (Pending Sale) ...........................
38
49
30
24
-36.8%
Month’s Supply of Inventory ................................
1.9
2
4.7
3.9
105.3%
Percent Under Contract ........................................
42.1%
33.3%
21.4%
25.6%
-39.1%
Average Median Price for Last 12 Months ........
$446,771
$531,667
$542,000
$487,058
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$473
DEC
$454,500
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.9 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$454 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
La Jolla DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,975,000
$2,350,000
$2,020,000
$1,750,000
-11.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
32
34
35
29
-9.4%
Properties Pending Sale .......................................
30
34
39
20
-33.3%
Properties For Sale ................................................
255
263
289
227
-11.0%
Days on Market (Pending Sale) ...........................
74
53
81
70
-5.4%
Month’s Supply of Inventory ................................
8
7.7
8.3
7.8
-1.8%
Percent Under Contract ........................................
11.8%
12.9%
13.5%
8.8%
-25.1%
Average Median Price for Last 12 Months ........
$1,805,359
$1,913,500
$1,852,500
$1,978,923
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
$1.975
DEC
$1,750,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
7.8 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 2016
telesproperties.com
La Mesa DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$458,000
$490,500
$549,000
$535,000
16.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
34
64
59
45
32.4%
Properties Pending Sale .......................................
44
91
78
55
25.0%
Properties For Sale ................................................
184
217
226
184
0.0%
Days on Market (Pending Sale) ...........................
44
36
43
39
-11.4%
Month’s Supply of Inventory ................................
4.2
2.4
2.9
4.1
-2.2%
Percent Under Contract ........................................
23.9%
41.9%
34.5%
29.9%
25.0%
Average Median Price for Last 12 Months ........
$477,293
$525,833
$524,000
$506,981
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
$458
DEC
$535,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 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 2016
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$515,000
$566,500
$526,000
$555,000
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
15
16
17
23
53.3%
Properties Pending Sale .......................................
24
23
23
13
-45.8%
Properties For Sale ................................................
61
51
54
30
-50.8%
Days on Market (Pending Sale) ...........................
36
17
25
42
16.7%
Month’s Supply of Inventory ................................
2.5
2.2
2.3
1.3
-48.7%
Percent Under Contract ........................................
39.3%
45.1%
42.6%
43.3%
10.1%
Average Median Price for Last 12 Months ........
$502,796
$543,500
$549,167
$535,808
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$515
DEC
$555,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Lemon Grove DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$403,500
$386,500
$415,000
$422,000
4.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
8
22
24
20
150.0%
Properties Pending Sale .......................................
17
36
27
24
41.2%
Properties For Sale ................................................
54
61
55
50
-7.4%
Days on Market (Pending Sale) ...........................
29
42
21
24
-17.2%
Month’s Supply of Inventory ................................
3.2
1.7
2
2.5
-21.3%
Percent Under Contract ........................................
31.5%
59.0%
49.1%
48.0%
52.5%
Average Median Price for Last 12 Months ........
$374,229
$419,583
$424,833
$408,962
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
$403
DEC
$422,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$422 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
National City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$342,000
$347,000
$385,000
$384,000
12.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
19
12
24
16
-15.8%
Properties Pending Sale .......................................
19
17
19
22
15.8%
Properties For Sale ................................................
47
39
54
59
25.5%
Days on Market (Pending Sale) ...........................
47
42
69
87
85.1%
Month’s Supply of Inventory ................................
2.5
2.3
2.8
3.7
49.1%
Percent Under Contract ........................................
40.4%
43.6%
35.2%
37.3%
-7.8%
Average Median Price for Last 12 Months ........
$337,950
$384,708
$382,417
$366,558
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$342
DEC
$384,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.7 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$384 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Oceanside DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$475,000
$510,000
$525,000
$508,000
6.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
114
145
153
107
-6.1%
Properties Pending Sale .......................................
93
157
173
110
18.3%
Properties For Sale ................................................
378
361
425
301
-20.4%
Days on Market (Pending Sale) ...........................
37
30
31
39
5.4%
Month’s Supply of Inventory ................................
3.3
2.5
2.8
2.8
-15.2%
Percent Under Contract ........................................
24.6%
43.5%
40.7%
36.5%
48.5%
Average Median Price for Last 12 Months ........
$930,000
$511,500
$505,333
$496,385
-87.4%
*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
$475
DEC
$508,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Poway DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$679,000
$712,500
$675,000
$650,000
-4.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
33
50
45
37
12.1%
Properties Pending Sale .......................................
27
60
65
46
70.4%
Properties For Sale ................................................
182
207
225
147
-19.2%
Days on Market (Pending Sale) ...........................
51
36
37
48
-5.9%
Month’s Supply of Inventory ................................
5.5
4.1
5
4
-28.0%
Percent Under Contract ........................................
14.8%
29.0%
28.9%
31.3%
110.9%
Average Median Price for Last 12 Months ........
$638,563
$678,542
$657,917
$662,577
3.6%
*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
$679
DEC
$650,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 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 2016
telesproperties.com
Rancho Bernardo DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$737,500
$784,000
$735,000
$746,000
1.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
66
99
105
85
28.8%
Properties Pending Sale .......................................
81
109
123
81
0.0%
Properties For Sale ................................................
330
415
429
288
-12.7%
Days on Market (Pending Sale) ...........................
51
30
48
50
-2.0%
Month’s Supply of Inventory ................................
4.2
4.3
5
3.4
-19.9%
Percent Under Contract ........................................
24.5%
26.3%
28.7%
28.1%
14.6%
Average Median Price for Last 12 Months ........
$718,783
$746,140
$743,650
$733,161
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
$737
DEC
$746,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$746 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
San Marcos DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$612,500
$644,500
$610,000
$660,000
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
55
82
79
66
20.0%
Properties Pending Sale .......................................
56
110
96
68
21.4%
Properties For Sale ................................................
210
206
243
178
-15.2%
Days on Market (Pending Sale) ...........................
38
27
35
39
2.6%
Month’s Supply of Inventory ................................
3.8
2.5
3.1
2.7
-29.4%
Percent Under Contract ........................................
26.7%
53.4%
39.5%
38.2%
43.3%
Average Median Price for Last 12 Months ........
$563,063
$616,950
$610,633
$605,408
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
$612
DEC
$660,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.7 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 2016
telesproperties.com
San Diego DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$560,000
$585,000
$574,000
$595,000
6.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
51
67
65
69
35.3%
Properties Pending Sale .......................................
60
69
71
47
-21.7%
Properties For Sale ................................................
192
176
208
125
-34.9%
Days on Market (Pending Sale) ...........................
40
19
27
31
-22.5%
Month’s Supply of Inventory ................................
3.8
2.6
3.2
1.8
-51.9%
Percent Under Contract ........................................
31.2%
39.2%
34.1%
37.6%
20.3%
Average Median Price for Last 12 Months ........
$550,000
$583,817
$585,967
$575,162
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$560
DEC
$595,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Santee DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$469,000
$467,500
$469,450
$464,950
-0.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
23
52
40
32
39.1%
Properties Pending Sale .......................................
39
49
62
41
5.1%
Properties For Sale ................................................
91
117
122
90
-1.1%
Days on Market (Pending Sale) ...........................
20
39
29
46
130.0%
Month’s Supply of Inventory ................................
4
2.2
3
2.8
-28.9%
Percent Under Contract ........................................
42.9%
41.9%
50.8%
45.6%
6.3%
Average Median Price for Last 12 Months ........
$435,188
$472,983
$468,983
$466,227
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
$469
DEC
$464,950
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$464 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Solana Beach DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,598,000
$1,190,000
$1,746,000
$1,572,500
-1.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
5
8
7
6
20.0%
Properties Pending Sale .......................................
10
7
10
6
-40.0%
Properties For Sale ................................................
42
37
39
32
-23.8%
Days on Market (Pending Sale) ...........................
55
36
55
58
5.5%
Month’s Supply of Inventory ................................
8.4
4.6
5.6
5.3
-36.5%
Percent Under Contract ........................................
23.8%
18.9%
25.6%
18.8%
-21.2%
Average Median Price for Last 12 Months ........
$1,570,464
$1,407,833
$1,245,333
$1,384,346
-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
$1.598
DEC
$1,572,500
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.572 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Spring Valley DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$408,500
$415,000
$435,000
$430,000
5.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
34
54
55
52
52.9%
Properties Pending Sale .......................................
29
57
67
50
72.4%
Properties For Sale ................................................
142
153
197
174
22.5%
Days on Market (Pending Sale) ...........................
37
39
35
38
2.7%
Month’s Supply of Inventory ................................
4.2
2.8
3.6
3.3
-19.9%
Percent Under Contract ........................................
20.4%
37.3%
34.0%
28.7%
40.7%
Average Median Price for Last 12 Months ........
$391,461
$430,583
$432,333
$419,154
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$408
DEC
$430,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Vista DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$440,000
$510,000
$485,000
$498,000
13.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
55
71
81
71
29.1%
Properties Pending Sale .......................................
62
105
103
86
38.7%
Properties For Sale ................................................
251
298
320
258
2.8%
Days on Market (Pending Sale) ...........................
60
33
43
46
-23.3%
Month’s Supply of Inventory ................................
4.6
4.2
4
3.6
-20.4%
Percent Under Contract ........................................
24.7%
35.2%
32.2%
33.3%
34.9%
Average Median Price for Last 12 Months ........
$453,412
$490,542
$499,333
$482,265
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
$440
DEC
$498,000
JAN FEB
MEDIAN SALES PRICE
MAR
No sales
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$498 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : November 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : November 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$738,188
$649,500
$755,000
$727,500
-1.4%
Average Price per Square Foot ...........................
$490
$565
$546
$552
12.7%
Properties Sold .......................................................
4
5
11
6
50.0%
Properties Pending Sale .......................................
6
18
14
8
33.3%
Properties For Sale ................................................
31
44
35
31
0.0%
Days on Market (Pending Sale) ...........................
48
40
52
44
-8.3%
Month’s Supply of Inventory ................................
7.8
8.8
3.2
5.2
-33.3%
Percent Under Contract ........................................
19.4%
40.9%
40.0%
25.8%
33.3%
Average Median Price for Last 12 Months ........
$709,366
$775,583
$764,000
$724,207
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 NOV
$738
DEC
$727,500
JAN FEB
MEDIAN SALES PRICE
MAR
$552
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
5.2 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$727 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Beverly Hills DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,150,000
$1,130,000
$1,199,500
$1,138,000
-1.0%
Average Price per Square Foot ...........................
$665
$681
$622
$1,414
112.6%
Properties Sold .......................................................
5
10
8
5
0.0%
Properties Pending Sale .......................................
11
7
6
6
-45.5%
Properties For Sale ................................................
53
57
56
47
-11.3%
Days on Market (Pending Sale) ...........................
76
93
23
72
-5.3%
Month’s Supply of Inventory ................................
10.6
5.7
7
9.4
-11.3%
Percent Under Contract ........................................
20.8%
12.3%
10.7%
12.8%
-38.5%
Average Median Price for Last 12 Months ........
$1,154,699
$1,246,065
$1,236,000
$1,192,722
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
$1.150
DEC
$1,138,000
JAN FEB
MEDIAN SALES PRICE
MAR
$1,414
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
9.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.138 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Brentwood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$832,500
$798,180
$740,000
$785,000
-5.7%
Average Price per Square Foot ...........................
$630
$666
$620
$637
1.1%
Properties Sold .......................................................
13
20
19
14
7.7%
Properties Pending Sale .......................................
22
14
25
10
-54.5%
Properties For Sale ................................................
80
51
83
56
-30.0%
Days on Market (Pending Sale) ...........................
32
33
27
30
-6.2%
Month’s Supply of Inventory ................................
6.2
2.6
4.4
4
-35.0%
Percent Under Contract ........................................
27.5%
27.5%
30.1%
17.9%
-35.1%
Average Median Price for Last 12 Months ........
$738,742
$807,917
$770,833
$831,038
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
$832
DEC
$785,000
JAN FEB
MEDIAN SALES PRICE
MAR
$637
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Culver City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$426,000
$432,500
$460,000
$506,000
18.8%
Average Price per Square Foot ...........................
$441
$439
$494
$479
8.6%
Properties Sold .......................................................
13
24
17
21
61.5%
Properties Pending Sale .......................................
19
20
21
13
-31.6%
Properties For Sale ................................................
37
28
37
28
-24.3%
Days on Market (Pending Sale) ...........................
17
13
27
38
123.5%
Month’s Supply of Inventory ................................
2.8
1.2
2.2
1.3
-53.2%
Percent Under Contract ........................................
51.4%
71.4%
56.8%
46.4%
-9.6%
Average Median Price for Last 12 Months ........
$433,292
$482,817
$490,133
$460,185
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$426
DEC
$506,000
JAN FEB
MEDIAN SALES PRICE
MAR
$479
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.3 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$506 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Downtown DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$537,050
$597,500
$518,500
$615,000
14.5%
Average Price per Square Foot ...........................
$640
$657
$546
$620
-3.1%
Properties Sold .......................................................
34
42
30
31
-8.8%
Properties Pending Sale .......................................
34
33
41
31
-8.8%
Properties For Sale ................................................
164
218
231
205
25.0%
Days on Market (Pending Sale) ...........................
53
42
49
75
41.5%
Month’s Supply of Inventory ................................
4.8
5.2
7.7
6.6
37.1%
Percent Under Contract ........................................
20.7%
15.1%
17.7%
15.1%
-27.1%
Average Median Price for Last 12 Months ........
$565,338
$583,542
$572,417
$582,446
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
$537
DEC
$615,000
JAN FEB
MEDIAN SALES PRICE
MAR
$620
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
6.6 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Encino DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$300,000
$310,000
$317,000
$381,000
27.0%
Average Price per Square Foot ...........................
$283
$308
$322
$311
9.9%
Properties Sold .......................................................
18
14
14
14
-22.2%
Properties Pending Sale .......................................
18
11
19
18
0.0%
Properties For Sale ................................................
25
19
30
35
40.0%
Days on Market (Pending Sale) ...........................
57
49
51
58
1.8%
Month’s Supply of Inventory ................................
1.4
1.4
2.1
2.5
80.0%
Percent Under Contract ........................................
72.0%
57.9%
63.3%
51.4%
-28.6%
Average Median Price for Last 12 Months ........
$319,917
$371,500
$372,333
$348,923
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
$300
DEC
$381,000
JAN FEB
MEDIAN SALES PRICE
MAR
$311
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
2.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$381 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Malibu DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$0
$1,128,500
$1,330,000
$625,000
n/a
Average Price per Square Foot ...........................
$0
$582
$692
$621
n/a
Properties Sold .......................................................
0
2
3
1
n/a
Properties Pending Sale .......................................
1
1
3
1
0.0%
Properties For Sale ................................................
16
14
18
18
12.5%
Days on Market (Pending Sale) ...........................
183
1
144
89
-51.4%
Month’s Supply of Inventory ................................
n/a
7
6
18
n/a
Percent Under Contract ........................................
6.2%
7.1%
16.7%
5.6%
-11.1%
Average Median Price for Last 12 Months ........
$686,683
$1,344,750
$1,187,500
$1,279,682
86.4%
*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 DEC
$625,000
JAN FEB
MEDIAN SALES PRICE
MAR
$621
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
18 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Marina Del Rey DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$865,000
$862,500
$1,000,000
$799,500
-7.6%
Average Price per Square Foot ...........................
$622
$639
$657
$677
8.8%
Properties Sold .......................................................
16
30
17
21
31.2%
Properties Pending Sale .......................................
17
27
27
22
29.4%
Properties For Sale ................................................
84
95
115
101
20.2%
Days on Market (Pending Sale) ...........................
39
35
60
50
28.2%
Month’s Supply of Inventory ................................
5.2
3.2
6.8
4.8
-8.4%
Percent Under Contract ........................................
20.2%
28.4%
23.5%
21.8%
7.6%
Average Median Price for Last 12 Months ........
$872,018
$927,250
$946,167
$877,846
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
$865
DEC
$799,500
JAN FEB
MEDIAN SALES PRICE
MAR
$677
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.8 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$799 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Santa Monica DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,178,087
$1,005,000
$816,000
$999,500
-15.2%
Average Price per Square Foot ...........................
$1,108
$992
$899
$854
-22.9%
Properties Sold .......................................................
23
33
25
24
4.3%
Properties Pending Sale .......................................
33
32
30
19
-42.4%
Properties For Sale ................................................
102
107
105
84
-17.6%
Days on Market (Pending Sale) ...........................
53
35
40
42
-20.8%
Month’s Supply of Inventory ................................
4.4
3.2
4.2
3.5
-21.1%
Percent Under Contract ........................................
32.4%
29.9%
28.6%
22.6%
-30.1%
Average Median Price for Last 12 Months ........
$997,049
$902,375
$915,583
$921,795
-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 $1.178
NOV DEC
$999,500
JAN FEB
MEDIAN SALES PRICE
MAR
$854
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$999 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Sherman Oaks DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$435,000
$452,000
$441,000
$430,000
-1.1%
Average Price per Square Foot ...........................
$310
$370
$356
$347
11.9%
Properties Sold .......................................................
10
21
31
23
130.0%
Properties Pending Sale .......................................
16
20
38
23
43.8%
Properties For Sale ................................................
27
50
40
35
29.6%
Days on Market (Pending Sale) ...........................
41
45
56
57
39.0%
Month’s Supply of Inventory ................................
2.7
2.4
1.3
1.5
-43.6%
Percent Under Contract ........................................
59.3%
40.0%
95.0%
65.7%
10.9%
Average Median Price for Last 12 Months ........
$433,083
$443,167
$438,333
$448,923
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
$435
DEC
$430,000
JAN FEB
MEDIAN SALES PRICE
MAR
$347
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
1.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
Studio City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$468,000
$454,000
$560,000
$680,000
45.3%
Average Price per Square Foot ...........................
$385
$392
$433
$442
14.8%
Properties Sold .......................................................
7
12
15
10
42.9%
Properties Pending Sale .......................................
12
8
21
8
-33.3%
Properties For Sale ................................................
27
37
33
31
14.8%
Days on Market (Pending Sale) ...........................
52
68
43
87
67.3%
Month’s Supply of Inventory ................................
3.9
3.1
2.2
3.1
-19.6%
Percent Under Contract ........................................
44.4%
21.6%
63.6%
25.8%
-41.9%
Average Median Price for Last 12 Months ........
$515,750
$571,667
$593,667
$549,154
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$468
DEC
$680,000
JAN FEB
MEDIAN SALES PRICE
MAR
$442
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$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 2016
telesproperties.com
Venice DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$1,647,500
$1,299,000
$1,425,000
$1,157,500
-29.7%
Average Price per Square Foot ...........................
$905
$1,036
$829
$877
-3.1%
Properties Sold .......................................................
2
3
1
2
0.0%
Properties Pending Sale .......................................
1
0
2
2
100.0%
Properties For Sale ................................................
14
14
12
9
-35.7%
Days on Market (Pending Sale) ...........................
6
0
40
32
433.3%
Month’s Supply of Inventory ................................
7
4.7
12
4.5
-35.7%
Percent Under Contract ........................................
7.1%
0.0%
16.7%
22.2%
211.1%
Average Median Price for Last 12 Months ........
$1,049,375
$1,213,100
$1,130,167
$1,323,364
26.1%
*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 $1.647
NOV DEC
$1,157,500
JAN FEB
MEDIAN SALES PRICE
MAR
$877
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.5 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$1.157 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
West Hollywood DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$714,000
$682,500
$630,000
$615,000
-13.9%
Average Price per Square Foot ...........................
$719
$610
$626
$707
-1.7%
Properties Sold .......................................................
27
28
32
28
3.7%
Properties Pending Sale .......................................
25
29
40
17
-32.0%
Properties For Sale ................................................
103
132
127
116
12.6%
Days on Market (Pending Sale) ...........................
36
38
49
30
-16.7%
Month’s Supply of Inventory ................................
3.8
4.7
4
4.1
8.6%
Percent Under Contract ........................................
24.3%
22.0%
31.5%
14.7%
-39.6%
Average Median Price for Last 12 Months ........
$612,000
$693,583
$734,667
$677,827
10.8%
*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
$714
DEC
$615,000
JAN FEB
MEDIAN SALES PRICE
MAR
$707
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.1 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
West LA DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$592,500
$760,000
$725,000
$792,500
33.8%
Average Price per Square Foot ...........................
$534
$522
$550
$507
-5.1%
Properties Sold .......................................................
8
15
16
12
50.0%
Properties Pending Sale .......................................
14
14
14
14
0.0%
Properties For Sale ................................................
46
36
44
41
-10.9%
Days on Market (Pending Sale) ...........................
57
41
37
56
-1.8%
Month’s Supply of Inventory ................................
5.8
2.4
2.8
3.4
-40.6%
Percent Under Contract ........................................
30.4%
38.9%
31.8%
34.1%
12.2%
Average Median Price for Last 12 Months ........
$669,307
$785,500
$813,333
$743,385
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot NOV
$592
DEC
$792,500
JAN FEB
MEDIAN SALES PRICE
MAR
$507
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
3.4 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 2016
telesproperties.com
Westwood - Century City DATA*
Nov 2015
6 month
3 month
Nov 2016
% change
Median Price ..........................................................
$792,500
$826,700
$796,000
$884,500
11.6%
Average Price per Square Foot ...........................
$615
$669
$662
$754
22.6%
Properties Sold .......................................................
40
43
50
46
15.0%
Properties Pending Sale .......................................
40
54
58
33
-17.5%
Properties For Sale ................................................
237
248
239
203
-14.3%
Days on Market (Pending Sale) ...........................
66
62
53
51
-22.7%
Month’s Supply of Inventory ................................
5.9
5.8
4.8
4.4
-25.5%
Percent Under Contract ........................................
16.9%
21.8%
24.3%
16.3%
-3.7%
Average Median Price for Last 12 Months ........
$754,833
$830,917
$864,833
$822,155
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
$792
DEC
$884,500
JAN FEB
MEDIAN SALES PRICE
MAR
$754
APR MAY
AVERAGE PRICE PER SQ FT
JUN JUL AUG
4.4 MONTH’S SUPPLY OF INVENTORY
SEP OCT NOV
$884 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : November 2016
telesproperties.com
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
November 2016 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, SAN DIEGO ©2016 Teles Properties, Inc. Teles Properties is a registered trademark.