micro market report luxury real estate market research October 2015 | LOS ANGELES, ORANGE COUNTY, SANTA BARBARA, MONTEREY, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : October 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : October 2015
telesproperties.com
Los Angeles County DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$535,000
$535,000
$555,975
$539,000
0.7%
Average Price per Square Foot ...........................
$423
$422
$428
$423
0.0%
Properties Sold .......................................................
4061
4470
5003
4237
4.3%
Properties Pending Sale .......................................
4193
5531
5391
4821
15.0%
Properties For Sale ................................................
20,828
18,014
19,900
19,144
-8.1%
Days on Market (Pending Sale) ...........................
63
50
42
48
-23.8%
Month’s Supply of Inventory ................................
5.1
4
4
4.5
-11.9%
Percent Under Contract ........................................
20.1%
30.7%
27.1%
25.2%
25.1%
Average Median Price for Last 12 Months ........
$526,750
$546,329
$544,667
$529,672
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 OCT
$535
NOV
$539,000
DEC JAN
MEDIAN SALES PRICE
FEB
$423
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,011,100
$2,377,500
$1,655,000
$1,800,000
-10.5%
Average Price per Square Foot ...........................
$694
$1,845
$777
$801
15.4%
Properties Sold .......................................................
10
10
19
15
50.0%
Properties Pending Sale .......................................
24
19
12
15
-37.5%
Properties For Sale ................................................
137
118
120
126
-8.0%
Days on Market (Pending Sale) ...........................
67
42
42
59
-11.9%
Month’s Supply of Inventory ................................
13.7
11.8
6.3
8.4
-38.7%
Percent Under Contract ........................................
17.5%
16.1%
10.0%
11.9%
-32.0%
Average Median Price for Last 12 Months ........
$2,489,783
$2,118,125
$2,091,667
$2,129,219
-16.9%
*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 OCT
$2.011
NOV
$1,800,000
DEC JAN
MEDIAN SALES PRICE
FEB
$801
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,250,000
$1,470,000
$1,852,000
$1,565,000
25.2%
Average Price per Square Foot ...........................
$612
$643
$767
$769
25.7%
Properties Sold .......................................................
20
20
19
11
-45.0%
Properties Pending Sale .......................................
13
21
19
19
46.2%
Properties For Sale ................................................
61
66
75
73
19.7%
Days on Market (Pending Sale) ...........................
65
26
36
49
-24.6%
Month’s Supply of Inventory ................................
3
3.3
3.9
6.6
117.6%
Percent Under Contract ........................................
21.3%
31.8%
25.3%
26.0%
22.1%
Average Median Price for Last 12 Months ........
$1,317,854
$1,585,333
$1,580,000
$1,468,235
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.250
NOV
$1,565,000
DEC JAN
MEDIAN SALES PRICE
FEB
$769
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.565 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Beverly Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$4,300,000
$4,700,000
$6,487,500
$3,092,381
-28.1%
Average Price per Square Foot ...........................
$1,075
$1,414
$1,428
$1,091
1.5%
Properties Sold .......................................................
11
14
22
7
-36.4%
Properties Pending Sale .......................................
14
24
16
12
-14.3%
Properties For Sale ................................................
100
101
88
118
18.0%
Days on Market (Pending Sale) ...........................
51
84
60
44
-13.7%
Month’s Supply of Inventory ................................
9.1
7.2
4
16.9
85.4%
Percent Under Contract ........................................
14.0%
23.8%
18.2%
10.2%
-27.4%
Average Median Price for Last 12 Months ........
$4,465,254
$5,189,147
$5,020,794
$4,890,952
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 OCT
$4.300
NOV
$3,092,381
DEC JAN
MEDIAN SALES PRICE
FEB
$1,091
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
16.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.092 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,275,000
$2,300,000
$2,863,000
$2,725,000
19.8%
Average Price per Square Foot ...........................
$811
$775
$1,109
$1,115
37.5%
Properties Sold .......................................................
17
12
14
17
0.0%
Properties Pending Sale .......................................
14
14
14
18
28.6%
Properties For Sale ................................................
143
139
141
150
4.9%
Days on Market (Pending Sale) ...........................
81
76
97
59
-27.2%
Month’s Supply of Inventory ................................
8.4
11.6
10.1
8.8
4.9%
Percent Under Contract ........................................
9.8%
10.1%
9.9%
12.0%
22.6%
Average Median Price for Last 12 Months ........
$2,315,583
$2,716,333
$2,458,333
$2,543,423
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 OCT
$2.275
NOV
$2,725,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,115
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.725 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 : October 2015
telesproperties.com
Beverlywood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$930,500
$960,000
$1,348,000
$1,135,500
22.0%
Average Price per Square Foot ...........................
$584
$626
$693
$657
12.5%
Properties Sold .......................................................
22
15
18
14
-36.4%
Properties Pending Sale .......................................
7
18
24
9
28.6%
Properties For Sale ................................................
46
52
58
68
47.8%
Days on Market (Pending Sale) ...........................
50
44
25
29
-42.0%
Month’s Supply of Inventory ................................
2.1
3.5
3.2
4.9
132.3%
Percent Under Contract ........................................
15.2%
34.6%
41.4%
13.2%
-13.0%
Average Median Price for Last 12 Months ........
$944,875
$1,150,250
$1,122,000
$1,005,048
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 OCT
$930
NOV
$1,135,500
DEC JAN
MEDIAN SALES PRICE
FEB
$657
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.135 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Brentwood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,989,500
$3,287,500
$2,348,250
$2,597,000
-13.1%
Average Price per Square Foot ...........................
$1,013
$948
$1,028
$1,068
5.4%
Properties Sold .......................................................
22
22
22
17
-22.7%
Properties Pending Sale .......................................
29
24
26
21
-27.6%
Properties For Sale ................................................
126
131
134
144
14.3%
Days on Market (Pending Sale) ...........................
44
55
60
61
38.6%
Month’s Supply of Inventory ................................
5.7
6
6.1
8.5
47.9%
Percent Under Contract ........................................
23.0%
18.3%
19.4%
14.6%
-36.6%
Average Median Price for Last 12 Months ........
$2,634,818
$2,766,708
$2,942,333
$2,782,576
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.989
NOV
$2,597,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,068
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.597 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,820,000
$1,487,500
$1,685,000
$1,900,000
4.4%
Average Price per Square Foot ...........................
$728
$721
$751
$779
7.0%
Properties Sold .......................................................
7
8
7
2
-71.4%
Properties Pending Sale .......................................
5
7
9
8
60.0%
Properties For Sale ................................................
23
28
22
26
13.0%
Days on Market (Pending Sale) ...........................
15
40
31
37
146.7%
Month’s Supply of Inventory ................................
3.3
3.5
3.1
13
295.7%
Percent Under Contract ........................................
21.7%
25.0%
40.9%
30.8%
41.5%
Average Median Price for Last 12 Months ........
$1,602,367
$1,945,513
$2,015,527
$1,725,275
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 OCT
$1.820
NOV
$1,900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$779
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
13 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Culver City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$808,000
$976,000
$1,005,000
$1,050,000
30.0%
Average Price per Square Foot ...........................
$592
$669
$647
$634
7.1%
Properties Sold .......................................................
22
22
26
20
-9.1%
Properties Pending Sale .......................................
17
16
25
20
17.6%
Properties For Sale ................................................
45
50
81
64
42.2%
Days on Market (Pending Sale) ...........................
43
41
26
52
20.9%
Month’s Supply of Inventory ................................
2
2.3
3.1
3.2
56.4%
Percent Under Contract ........................................
37.8%
32.0%
30.9%
31.2%
-17.3%
Average Median Price for Last 12 Months ........
$819,760
$1,035,500
$1,053,333
$964,923
15.0%
*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 OCT
$808
NOV
$1,050,000
DEC JAN
MEDIAN SALES PRICE
FEB
$634
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,335,000
$1,335,000
$1,450,000
$1,355,000
1.5%
Average Price per Square Foot ...........................
$611
$606
$697
$686
12.3%
Properties Sold .......................................................
21
31
25
33
57.1%
Properties Pending Sale .......................................
25
32
17
32
28.0%
Properties For Sale ................................................
107
123
114
136
27.1%
Days on Market (Pending Sale) ...........................
52
45
59
50
-3.8%
Month’s Supply of Inventory ................................
5.1
4
4.6
4.1
-19.1%
Percent Under Contract ........................................
23.4%
26.0%
14.9%
23.5%
0.7%
Average Median Price for Last 12 Months ........
$1,271,021
$1,383,333
$1,415,667
$1,335,577
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 OCT
$1.335
NOV
$1,355,000
DEC JAN
MEDIAN SALES PRICE
FEB
$686
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.355 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Hollywood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$917,000
$730,000
$682,500
$799,900
-12.8%
Average Price per Square Foot ...........................
$532
$542
$496
$660
24.1%
Properties Sold .......................................................
12
7
12
5
-58.3%
Properties Pending Sale .......................................
7
8
10
4
-42.9%
Properties For Sale ................................................
28
44
48
48
71.4%
Days on Market (Pending Sale) ...........................
30
71
35
97
223.3%
Month’s Supply of Inventory ................................
2.3
6.3
4
9.6
311.4%
Percent Under Contract ........................................
25.0%
18.2%
20.8%
8.3%
-66.7%
Average Median Price for Last 12 Months ........
$823,265
$834,960
$863,300
$833,789
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 OCT
$917
NOV
$799,900
DEC JAN
MEDIAN SALES PRICE
FEB
$660
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Hollywood Hills East DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,138,750
$1,249,500
$1,300,000
$1,223,000
7.4%
Average Price per Square Foot ...........................
$609
$556
$614
$540
-11.3%
Properties Sold .......................................................
12
16
15
14
16.7%
Properties Pending Sale .......................................
13
11
11
13
0.0%
Properties For Sale ................................................
60
65
85
73
21.7%
Days on Market (Pending Sale) ...........................
44
48
33
49
11.4%
Month’s Supply of Inventory ................................
4.6
5.9
7.7
5.2
13.0%
Percent Under Contract ........................................
21.7%
16.9%
12.9%
17.8%
-17.8%
Average Median Price for Last 12 Months ........
$1,183,006
$1,250,667
$1,179,167
$1,203,804
1.7%
*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 OCT
$1.138
NOV
$1,223,000
DEC JAN
MEDIAN SALES PRICE
FEB
$540
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.223 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Laurel Canyon DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,400,000
$1,800,000
$1,636,000
$1,550,000
10.7%
Average Price per Square Foot ...........................
$727
$749
$725
$774
6.5%
Properties Sold .......................................................
23
19
41
23
0.0%
Properties Pending Sale .......................................
21
32
39
37
76.2%
Properties For Sale ................................................
135
138
153
167
23.7%
Days on Market (Pending Sale) ...........................
79
51
48
40
-49.4%
Month’s Supply of Inventory ................................
6.4
4.3
3.9
4.5
-29.8%
Percent Under Contract ........................................
15.6%
23.2%
25.5%
22.2%
42.4%
Average Median Price for Last 12 Months ........
$1,329,111
$1,442,113
$1,375,000
$1,463,283
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 OCT
$1.400
NOV
$1,550,000
DEC JAN
MEDIAN SALES PRICE
FEB
$774
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Los Feliz DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,063,500
$1,087,500
$1,376,250
$1,998,700
87.9%
Average Price per Square Foot ...........................
$626
$584
$688
$770
23.0%
Properties Sold .......................................................
19
16
20
12
-36.8%
Properties Pending Sale .......................................
16
22
18
22
37.5%
Properties For Sale ................................................
72
76
94
106
47.2%
Days on Market (Pending Sale) ...........................
54
33
40
33
-38.9%
Month’s Supply of Inventory ................................
4.5
3.5
5.2
8.8
96.3%
Percent Under Contract ........................................
22.2%
28.9%
19.1%
20.8%
-6.6%
Average Median Price for Last 12 Months ........
$1,202,906
$1,481,658
$1,608,733
$1,395,435
13.8%
*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 OCT
$1.063
NOV
$1,998,700
DEC JAN
MEDIAN SALES PRICE
FEB
$770
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.998 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Malibu DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,852,500
$2,246,184
$2,525,000
$2,022,500
-29.1%
Average Price per Square Foot ...........................
$836
$655
$833
$858
2.6%
Properties Sold .......................................................
14
19
13
14
0.0%
Properties Pending Sale .......................................
16
16
18
20
25.0%
Properties For Sale ................................................
201
199
231
229
13.9%
Days on Market (Pending Sale) ...........................
142
142
86
153
7.7%
Month’s Supply of Inventory ................................
14.4
10.5
17.8
16.4
13.9%
Percent Under Contract ........................................
8.0%
8.0%
7.8%
8.7%
9.7%
Average Median Price for Last 12 Months ........
$2,304,658
$2,384,514
$2,252,361
$2,295,468
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.852
OCT NOV
$2,022,500
DEC JAN
MEDIAN SALES PRICE
FEB
$858
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
16.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Malibu Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$13,325,000
$5,350,000
$8,137,500
$2,805,000
-78.9%
Average Price per Square Foot ...........................
$2,419
$1,548
$2,135
$1,171
-51.6%
Properties Sold .......................................................
2
3
4
6
200.0%
Properties Pending Sale .......................................
3
3
6
3
0.0%
Properties For Sale ................................................
73
78
82
78
6.8%
Days on Market (Pending Sale) ...........................
130
55
91
138
6.2%
Month’s Supply of Inventory ................................
36.5
26
20.5
13
-64.4%
Percent Under Contract ........................................
4.1%
3.8%
7.3%
3.8%
-6.4%
Average Median Price for Last 12 Months ........
$6,704,906
$5,286,250
$5,143,333
$5,895,769
-13.7%
*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 $13.325
OCT NOV
$2,805,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,171
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
13 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Marina Del Rey DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$780,000
$1,980,000
$1,410,000
$2,165,000
177.6%
Average Price per Square Foot ...........................
$547
$695
$946
$618
13.0%
Properties Sold .......................................................
5
5
3
5
0.0%
Properties Pending Sale .......................................
5
3
5
6
20.0%
Properties For Sale ................................................
25
17
29
31
24.0%
Days on Market (Pending Sale) ...........................
30
33
45
73
143.3%
Month’s Supply of Inventory ................................
5
3.4
9.7
6.2
24.0%
Percent Under Contract ........................................
20.0%
17.6%
17.2%
19.4%
-3.2%
Average Median Price for Last 12 Months ........
$1,631,136
$1,597,042
$1,948,250
$1,616,391
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$780
NOV
$2,165,000
DEC JAN
MEDIAN SALES PRICE
FEB
$618
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Mid Los Angeles DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$548,600
$520,000
$560,000
$525,000
-4.3%
Average Price per Square Foot ...........................
$371
$332
$345
$375
1.1%
Properties Sold .......................................................
22
32
50
29
31.8%
Properties Pending Sale .......................................
16
43
46
39
143.8%
Properties For Sale ................................................
70
150
141
148
111.4%
Days on Market (Pending Sale) ...........................
52
40
32
37
-28.8%
Month’s Supply of Inventory ................................
3.2
4.7
2.8
5.1
60.4%
Percent Under Contract ........................................
22.9%
28.7%
32.6%
26.4%
15.3%
Average Median Price for Last 12 Months ........
$454,742
$543,083
$547,833
$504,431
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$548
NOV
$525,000
DEC JAN
MEDIAN SALES PRICE
FEB
$375
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Mid Wilshire DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$540,000
$805,000
$752,500
$675,000
25.0%
Average Price per Square Foot ...........................
$394
$411
$326
$395
0.3%
Properties Sold .......................................................
3
5
6
5
66.7%
Properties Pending Sale .......................................
2
2
3
5
150.0%
Properties For Sale ................................................
15
30
24
26
73.3%
Days on Market (Pending Sale) ...........................
15
54
74
41
173.3%
Month’s Supply of Inventory ................................
5
6
4
5.2
4.0%
Percent Under Contract ........................................
13.3%
6.7%
12.5%
19.2%
44.2%
Average Median Price for Last 12 Months ........
$654,200
$807,250
$849,333
$676,077
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 OCT
$540
NOV
$675,000
DEC JAN
MEDIAN SALES PRICE
FEB
$395
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Pacific Palisades DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,200,000
$2,425,000
$2,925,000
$3,094,000
40.6%
Average Price per Square Foot ...........................
$733
$1,058
$974
$933
27.3%
Properties Sold .......................................................
22
36
27
22
0.0%
Properties Pending Sale .......................................
24
37
19
28
16.7%
Properties For Sale ................................................
121
127
127
138
14.0%
Days on Market (Pending Sale) ...........................
42
46
45
64
52.4%
Month’s Supply of Inventory ................................
5.5
3.5
4.7
6.3
14.0%
Percent Under Contract ........................................
19.8%
29.1%
15.0%
20.3%
2.3%
Average Median Price for Last 12 Months ........
$2,575,331
$2,930,667
$2,953,833
$2,712,338
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 OCT
$2.200
NOV
$3,094,000
DEC JAN
MEDIAN SALES PRICE
FEB
$933
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.094 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Palms - Mar Vista DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,175,000
$1,234,375
$1,257,500
$1,360,000
15.7%
Average Price per Square Foot ...........................
$627
$693
$708
$719
14.7%
Properties Sold .......................................................
31
33
44
33
6.5%
Properties Pending Sale .......................................
27
35
34
35
29.6%
Properties For Sale ................................................
80
88
84
94
17.5%
Days on Market (Pending Sale) ...........................
61
41
24
34
-44.3%
Month’s Supply of Inventory ................................
2.6
2.7
1.9
2.8
10.4%
Percent Under Contract ........................................
33.8%
39.8%
40.5%
37.2%
10.3%
Average Median Price for Last 12 Months ........
$1,017,480
$1,222,917
$1,263,333
$1,175,002
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 OCT
$1.175
NOV
$1,360,000
DEC JAN
MEDIAN SALES PRICE
FEB
$719
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Playa Del Rey DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,252,000
$3,650,000
$1,090,000
$1,715,000
37.0%
Average Price per Square Foot ...........................
$572
$598
$779
$527
-7.9%
Properties Sold .......................................................
4
1
2
3
-25.0%
Properties Pending Sale .......................................
2
0
4
4
100.0%
Properties For Sale ................................................
22
7
12
14
-36.4%
Days on Market (Pending Sale) ...........................
134
0
22
39
-70.9%
Month’s Supply of Inventory ................................
5.5
7
6
4.7
-15.2%
Percent Under Contract ........................................
9.1%
0.0%
33.3%
28.6%
214.3%
Average Median Price for Last 12 Months ........
$1,155,576
$1,625,917
$1,613,500
$1,717,346
32.7%
*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 OCT
$1.252
NOV
$1,715,000
DEC JAN
MEDIAN SALES PRICE
FEB
$527
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Playa Vista DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,220,750
$2,075,000
$1,465,000
$
%
Average Price per Square Foot ...........................
$485
$468
$644
$
%
Properties Sold .......................................................
2
1
3
0
-100.0%
Properties Pending Sale .......................................
1
0
6
2
100.0%
Properties For Sale ................................................
6
6
10
5
-16.7%
Days on Market (Pending Sale) ...........................
9
0
43
14
55.6%
Month’s Supply of Inventory ................................
3
6
3.3
Percent Under Contract ........................................
16.7%
0.0%
60.0%
40.0%
140.0%
Average Median Price for Last 12 Months ........
$1,203,656
$1,655,450
$1,555,750
$1,683,000
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 OCT
$1.220
NOV
$
DEC JAN
MEDIAN SALES PRICE
FEB
$
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
No sales MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Monica DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,225,000
$2,410,000
$2,895,000
$1,837,716
-17.4%
Average Price per Square Foot ...........................
$932
$1,081
$1,151
$1,143
22.6%
Properties Sold .......................................................
29
19
37
20
-31.0%
Properties Pending Sale .......................................
22
31
19
29
31.8%
Properties For Sale ................................................
83
99
82
117
41.0%
Days on Market (Pending Sale) ...........................
54
36
32
61
13.0%
Month’s Supply of Inventory ................................
2.9
5.2
2.2
5.8
104.4%
Percent Under Contract ........................................
26.5%
31.3%
23.2%
24.8%
-6.5%
Average Median Price for Last 12 Months ........
$1,904,479
$2,108,349
$1,701,699
$2,254,796
15.5%
*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 OCT
$2.225
NOV
$1,837,716
DEC JAN
MEDIAN SALES PRICE
FEB
$1,143
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.837 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,930,000
$1,888,700
$1,912,500
$1,917,500
-0.6%
Average Price per Square Foot ...........................
$963
$818
$936
$773
-19.7%
Properties Sold .......................................................
29
28
52
34
17.2%
Properties Pending Sale .......................................
29
45
52
46
58.6%
Properties For Sale ................................................
266
289
318
334
25.6%
Days on Market (Pending Sale) ...........................
69
53
53
52
-24.6%
Month’s Supply of Inventory ................................
9.2
10.3
6.1
9.8
7.1%
Percent Under Contract ........................................
10.9%
15.6%
16.4%
13.8%
26.3%
Average Median Price for Last 12 Months ........
$1,670,073
$1,699,875
$1,649,333
$1,738,806
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 OCT
$1.930
NOV
$1,917,500
DEC JAN
MEDIAN SALES PRICE
FEB
$773
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.917 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Venice DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,441,375
$2,150,000
$1,890,300
$1,831,000
27.0%
Average Price per Square Foot ...........................
$1,062
$1,020
$1,016
$1,005
-5.4%
Properties Sold .......................................................
18
20
17
18
0.0%
Properties Pending Sale .......................................
23
32
19
24
4.3%
Properties For Sale ................................................
68
85
70
96
41.2%
Days on Market (Pending Sale) ...........................
51
48
39
42
-17.6%
Month’s Supply of Inventory ................................
3.8
4.2
4.1
5.3
41.2%
Percent Under Contract ........................................
33.8%
37.6%
27.1%
25.0%
-26.1%
Average Median Price for Last 12 Months ........
$1,507,752
$1,832,099
$1,724,208
$1,746,344
15.8%
*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 OCT
$1.441
NOV
$1,831,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,005
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.831 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
West Hollywood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,250,000
$2,065,000
$1,267,500
$1,627,500
30.2%
Average Price per Square Foot ...........................
$968
$770
$836
$872
-9.9%
Properties Sold .......................................................
7
14
10
10
42.9%
Properties Pending Sale .......................................
12
9
7
15
25.0%
Properties For Sale ................................................
52
45
53
56
7.7%
Days on Market (Pending Sale) ...........................
56
21
64
48
-14.3%
Month’s Supply of Inventory ................................
7.4
3.2
5.3
5.6
-24.6%
Percent Under Contract ........................................
23.1%
20.0%
13.2%
26.8%
16.1%
Average Median Price for Last 12 Months ........
$1,175,981
$1,398,417
$1,441,167
$1,448,615
18.8%
*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 OCT
$1.250
NOV
$1,627,500
DEC JAN
MEDIAN SALES PRICE
FEB
$872
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.627 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
West Los Angeles DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$959,000
$994,000
$900,000
$823,500
-14.1%
Average Price per Square Foot ...........................
$600
$592
$615
$730
21.7%
Properties Sold .......................................................
15
8
9
8
-46.7%
Properties Pending Sale .......................................
12
18
12
12
0.0%
Properties For Sale ................................................
35
41
35
39
11.4%
Days on Market (Pending Sale) ...........................
51
23
52
32
-37.3%
Month’s Supply of Inventory ................................
2.3
5.1
3.9
4.9
108.9%
Percent Under Contract ........................................
34.3%
43.9%
34.3%
30.8%
-10.3%
Average Median Price for Last 12 Months ........
$866,583
$972,046
$1,029,500
$947,856
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$959
NOV
$823,500
DEC JAN
MEDIAN SALES PRICE
FEB
$730
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$823 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Westchester DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$894,000
$952,500
$924,500
$850,000
-4.9%
Average Price per Square Foot ...........................
$564
$552
$605
$585
3.7%
Properties Sold .......................................................
19
28
30
19
0.0%
Properties Pending Sale .......................................
21
31
30
27
28.6%
Properties For Sale ................................................
70
72
70
73
4.3%
Days on Market (Pending Sale) ...........................
28
22
19
30
7.1%
Month’s Supply of Inventory ................................
3.7
2.6
2.3
3.8
4.3%
Percent Under Contract ........................................
30.0%
43.1%
42.9%
37.0%
23.3%
Average Median Price for Last 12 Months ........
$821,522
$912,417
$897,333
$894,720
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 OCT
$894
NOV
$850,000
DEC JAN
MEDIAN SALES PRICE
FEB
$585
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Westwood - Century City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,684,000
$1,668,875
$1,500,000
$1,703,250
1.1%
Average Price per Square Foot ...........................
$796
$716
$879
$870
9.3%
Properties Sold .......................................................
12
14
16
16
33.3%
Properties Pending Sale .......................................
14
17
22
15
7.1%
Properties For Sale ................................................
60
58
76
81
35.0%
Days on Market (Pending Sale) ...........................
37
13
29
64
73.0%
Month’s Supply of Inventory ................................
5
4.1
4.8
5.1
1.2%
Percent Under Contract ........................................
23.3%
29.3%
28.9%
18.5%
-20.6%
Average Median Price for Last 12 Months ........
$1,752,833
$1,713,625
$1,806,917
$1,705,837
-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 OCT
$1.684
NOV
$1,703,250
DEC JAN
MEDIAN SALES PRICE
FEB
$870
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.703 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
South Bay Macro Market DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$962,193
$1,182,109
$1,292,833
$1,294,300
34.5%
Average Price per Square Foot ...........................
$530
$595
$631
$603
13.7%
Properties Sold .......................................................
258
278
298
248
-3.9%
Properties Pending Sale .......................................
243
321
271
250
2.9%
Properties For Sale ................................................
883
855
961
950
7.6%
Days on Market (Pending Sale) ...........................
61
48
31
45
-26.3%
Month’s Supply of Inventory ................................
3.4
3.1
3.2
3.8
11.9%
Percent Under Contract ........................................
27.5%
37.5%
28.2%
26.3%
-4.4%
Average Median Price for Last 12 Months ........
$1,163,563
$1,263,779
$1,259,937
$1,231,048
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 OCT
$962
NOV
$1,294,300
DEC JAN
MEDIAN SALES PRICE
FEB
$603
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.294 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
El Segundo DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,280,000
$960,250
$1,185,000
$1,075,000
-16.0%
Average Price per Square Foot ...........................
$436
$642
$646
$719
64.9%
Properties Sold .......................................................
7
8
10
7
0.0%
Properties Pending Sale .......................................
7
8
8
7
0.0%
Properties For Sale ................................................
14
20
27
23
64.3%
Days on Market (Pending Sale) ...........................
41
15
47
44
7.3%
Month’s Supply of Inventory ................................
2
2.5
2.7
3.3
64.3%
Percent Under Contract ........................................
50.0%
40.0%
29.6%
30.4%
-39.1%
Average Median Price for Last 12 Months ........
$905,431
$1,031,917
$1,048,333
$1,031,346
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 OCT
$1.280
NOV
$1,075,000
DEC JAN
MEDIAN SALES PRICE
FEB
$719
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Hermosa Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,060,950
$2,077,500
$1,763,750
$2,460,000
131.9%
Average Price per Square Foot ...........................
$978
$1,494
$928
$990
1.2%
Properties Sold .......................................................
6
18
10
9
50.0%
Properties Pending Sale .......................................
10
15
7
14
40.0%
Properties For Sale ................................................
38
43
38
39
2.6%
Days on Market (Pending Sale) ...........................
58
40
32
50
-13.8%
Month’s Supply of Inventory ................................
6.3
2.4
3.8
4.3
-31.6%
Percent Under Contract ........................................
26.3%
34.9%
18.4%
35.9%
36.4%
Average Median Price for Last 12 Months ........
$1,369,791
$1,882,667
$2,015,333
$1,748,535
27.6%
*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 OCT
$1.060
NOV
$2,460,000
DEC JAN
MEDIAN SALES PRICE
FEB
$990
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.460 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Manhattan Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,115,000
$1,955,000
$2,087,500
$2,288,000
8.2%
Average Price per Square Foot ...........................
$822
$933
$1,136
$1,064
29.4%
Properties Sold .......................................................
35
24
26
24
-31.4%
Properties Pending Sale .......................................
35
31
30
23
-34.3%
Properties For Sale ................................................
86
92
109
111
29.1%
Days on Market (Pending Sale) ...........................
49
40
30
54
10.2%
Month’s Supply of Inventory ................................
2.5
3.8
4.2
4.6
88.2%
Percent Under Contract ........................................
40.7%
33.7%
27.5%
20.7%
-49.1%
Average Median Price for Last 12 Months ........
$2,199,271
$2,260,917
$2,207,667
$2,120,231
-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 OCT
$2.115
NOV
$2,288,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,064
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.288 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Palos Verdes Estates DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,160,875
$1,870,000
$1,995,000
$1,625,000
40.0%
Average Price per Square Foot ...........................
$717
$584
$748
$777
8.4%
Properties Sold .......................................................
16
17
23
14
-12.5%
Properties Pending Sale .......................................
16
20
17
9
-43.8%
Properties For Sale ................................................
85
66
82
81
-4.7%
Days on Market (Pending Sale) ...........................
116
52
38
52
-55.2%
Month’s Supply of Inventory ................................
5.3
3.9
3.6
5.8
8.9%
Percent Under Contract ........................................
18.8%
30.3%
20.7%
11.1%
-41.0%
Average Median Price for Last 12 Months ........
$1,693,479
$1,830,033
$1,795,900
$1,713,121
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 OCT
$1.160
NOV
$1,625,000
DEC JAN
MEDIAN SALES PRICE
FEB
$777
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Rancho Palos Verdes DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,120,000
$1,142,500
$1,150,000
$1,166,500
4.2%
Average Price per Square Foot ...........................
$495
$595
$615
$553
11.7%
Properties Sold .......................................................
34
36
39
40
17.6%
Properties Pending Sale .......................................
31
43
33
36
16.1%
Properties For Sale ................................................
137
152
169
171
24.8%
Days on Market (Pending Sale) ...........................
58
92
47
57
-1.7%
Month’s Supply of Inventory ................................
4
4.2
4.3
4.3
6.1%
Percent Under Contract ........................................
22.6%
28.3%
19.5%
21.1%
-7.0%
Average Median Price for Last 12 Months ........
$1,190,867
$1,197,583
$1,200,167
$1,170,615
-1.7%
*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 OCT
$1.120
NOV
$1,166,500
DEC JAN
MEDIAN SALES PRICE
FEB
$553
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.166 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Redondo Beach- North DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$765,000
$855,000
$890,000
$920,000
20.3%
Average Price per Square Foot ...........................
$513
$518
$502
$540
5.3%
Properties Sold .......................................................
19
21
26
17
-10.5%
Properties Pending Sale .......................................
12
21
29
25
108.3%
Properties For Sale ................................................
39
52
54
53
35.9%
Days on Market (Pending Sale) ...........................
72
28
27
40
-44.4%
Month’s Supply of Inventory ................................
2.1
2.5
2.1
3.1
51.9%
Percent Under Contract ........................................
30.8%
40.4%
53.7%
47.2%
53.3%
Average Median Price for Last 12 Months ........
$763,525
$897,013
$899,000
$863,275
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 OCT
$765
NOV
$920,000
DEC JAN
MEDIAN SALES PRICE
FEB
$540
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Redondo Beach- South DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,100,000
$1,125,000
$1,407,500
$1,267,000
15.2%
Average Price per Square Foot ...........................
$618
$548
$681
$630
1.9%
Properties Sold .......................................................
25
13
16
26
4.0%
Properties Pending Sale .......................................
17
25
13
12
-29.4%
Properties For Sale ................................................
62
50
51
50
-19.4%
Days on Market (Pending Sale) ...........................
57
45
17
35
-38.6%
Month’s Supply of Inventory ................................
2.5
3.8
3.2
1.9
-22.5%
Percent Under Contract ........................................
27.4%
50.0%
25.5%
24.0%
-12.5%
Average Median Price for Last 12 Months ........
$1,017,250
$1,238,833
$1,238,333
$1,183,308
16.3%
*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 OCT
$1.100
NOV
$1,267,000
DEC JAN
MEDIAN SALES PRICE
FEB
$630
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.267 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Rolling Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
n/a
$2,600,000
$3,765,000
$3,300,000
n/a
Average Price per Square Foot ...........................
n/a
$736
$1,117
$820
n/a
Properties Sold .......................................................
0
3
2
3
n/a
Properties Pending Sale .......................................
2
6
0
3
50.0%
Properties For Sale ................................................
23
22
23
25
8.7%
Days on Market (Pending Sale) ...........................
74
82
0
6
-91.9%
Month’s Supply of Inventory ................................
0
7.3
11.5
8.3
0%
Percent Under Contract ........................................
8.7%
27.3%
0.0%
12.0%
38.0%
Average Median Price for Last 12 Months ........
$3,374,613
$3,657,000
$3,915,000
$3,367,961
-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 OCT NOV
$3,300,000
DEC JAN
MEDIAN SALES PRICE
FEB
$820
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Rolling Hills Estates DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,302,500
$1,350,000
$1,287,500
$1,435,000
10.2%
Average Price per Square Foot ...........................
$521
$543
$564
$523
0.4%
Properties Sold .......................................................
8
9
8
6
-25.0%
Properties Pending Sale .......................................
8
13
13
8
0.0%
Properties For Sale ................................................
29
23
34
24
-17.2%
Days on Market (Pending Sale) ...........................
60
54
44
63
5.0%
Month’s Supply of Inventory ................................
3.6
2.6
4.2
4
10.3%
Percent Under Contract ........................................
27.6%
56.5%
38.2%
33.3%
20.8%
Average Median Price for Last 12 Months ........
$1,351,432
$1,521,833
$1,645,750
$1,486,791
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 OCT
$1.302
NOV
$1,435,000
DEC JAN
MEDIAN SALES PRICE
FEB
$523
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.435 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Pedro DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$495,000
$540,000
$525,000
$629,000
27.1%
Average Price per Square Foot ...........................
$313
$358
$416
$377
20.4%
Properties Sold .......................................................
28
36
46
30
7.1%
Properties Pending Sale .......................................
34
42
44
38
11.8%
Properties For Sale ................................................
137
129
148
135
-1.5%
Days on Market (Pending Sale) ...........................
48
50
33
68
41.7%
Month’s Supply of Inventory ................................
4.9
3.6
3.2
4.5
-8.0%
Percent Under Contract ........................................
24.8%
32.6%
29.7%
28.1%
13.4%
Average Median Price for Last 12 Months ........
$525,521
$554,667
$563,667
$540,058
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$495
NOV
$629,000
DEC JAN
MEDIAN SALES PRICE
FEB
$377
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Torrance- County Strip DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$425,000
$465,000
$455,000
$440,000
3.5%
Average Price per Square Foot ...........................
$353
$314
$360
$354
0.3%
Properties Sold .......................................................
6
7
8
7
16.7%
Properties Pending Sale .......................................
3
9
6
6
100.0%
Properties For Sale ................................................
27
23
20
22
-18.5%
Days on Market (Pending Sale) ...........................
80
68
32
40
-50.0%
Month’s Supply of Inventory ................................
4.5
3.3
2.5
3.1
-30.2%
Percent Under Contract ........................................
11.1%
39.1%
30.0%
27.3%
145.5%
Average Median Price for Last 12 Months ........
$450,125
$471,250
$481,667
$453,250
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 OCT
$425
NOV
$440,000
DEC JAN
MEDIAN SALES PRICE
FEB
$354
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$440 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Torrance- North DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$590,000
$600,000
$630,000
$563,500
-4.5%
Average Price per Square Foot ...........................
$359
$383
$407
$387
7.8%
Properties Sold .......................................................
19
19
31
22
15.8%
Properties Pending Sale .......................................
18
23
22
19
5.6%
Properties For Sale ................................................
48
48
56
70
45.8%
Days on Market (Pending Sale) ...........................
51
33
23
30
-41.2%
Month’s Supply of Inventory ................................
2.5
2.5
1.8
3.2
25.9%
Percent Under Contract ........................................
37.5%
47.9%
39.3%
27.1%
-27.6%
Average Median Price for Last 12 Months ........
$545,738
$598,917
$602,833
$589,342
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 OCT
$590
NOV
$563,500
DEC JAN
MEDIAN SALES PRICE
FEB
$387
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$563 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Torrance- South DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$775,000
$848,888
$881,250
$875,000
12.9%
Average Price per Square Foot ...........................
$478
$477
$460
$496
3.8%
Properties Sold .......................................................
21
19
20
17
-19.0%
Properties Pending Sale .......................................
16
23
19
20
25.0%
Properties For Sale ................................................
54
54
65
69
27.8%
Days on Market (Pending Sale) ...........................
47
19
27
59
25.5%
Month’s Supply of Inventory ................................
2.6
2.8
3.2
4.1
57.8%
Percent Under Contract ........................................
29.6%
42.6%
29.2%
29.0%
-2.2%
Average Median Price for Last 12 Months ........
$788,792
$878,708
$890,667
$841,741
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 OCT
$775
NOV
$875,000
DEC JAN
MEDIAN SALES PRICE
FEB
$496
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Torrance- Southeast DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$548,875
$577,500
$605,000
$591,500
7.8%
Average Price per Square Foot ...........................
$384
$356
$346
$369
-3.9%
Properties Sold .......................................................
18
18
12
14
-22.2%
Properties Pending Sale .......................................
20
19
15
14
-30.0%
Properties For Sale ................................................
68
48
49
45
-33.8%
Days on Market (Pending Sale) ...........................
61
67
47
53
-13.1%
Month’s Supply of Inventory ................................
3.8
2.7
4.1
3.2
-14.9%
Percent Under Contract ........................................
29.4%
39.6%
30.6%
31.1%
5.8%
Average Median Price for Last 12 Months ........
$574,898
$581,292
$552,583
$589,160
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$548
NOV
$591,500
DEC JAN
MEDIAN SALES PRICE
FEB
$369
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$591 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Torrance- West DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$732,500
$765,000
$765,000
$779,000
6.3%
Average Price per Square Foot ...........................
$433
$446
$532
$440
1.6%
Properties Sold .......................................................
16
30
21
12
-25.0%
Properties Pending Sale .......................................
14
23
15
16
14.3%
Properties For Sale ................................................
36
33
36
32
-11.1%
Days on Market (Pending Sale) ...........................
43
39
26
23
-46.5%
Month’s Supply of Inventory ................................
2.2
1.1
1.7
2.7
18.5%
Percent Under Contract ........................................
38.9%
69.7%
41.7%
50.0%
28.6%
Average Median Price for Last 12 Months ........
$702,708
$778,567
$777,167
$766,992
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 OCT
$732
NOV
$779,000
DEC JAN
MEDIAN SALES PRICE
FEB
$440
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$779 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$747,357
$831,571
$834,857
$788,929
5.6%
Average Price per Square Foot ...........................
$393
$410
$429
$425
8.2%
Properties Sold .......................................................
451
491
545
433
-4.0%
Properties Pending Sale .......................................
526
510
651
498
-5.3%
Properties For Sale ................................................
1,155
858
1,056
1,080
-6.5%
Days on Market (Pending Sale) ...........................
69
58
57
55
-19.7%
Month’s Supply of Inventory ................................
2.6
1.7
1.9
2.5
-2.6%
Percent Under Contract ........................................
45.5%
59.4%
61.6%
46.1%
1.3%
Average Median Price for Last 12 Months ........
$759,411
$820,714
$820,262
$791,269
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 OCT
$747
NOV
$788,929
DEC JAN
MEDIAN SALES PRICE
FEB
$425
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Burbank DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$650,000
$700,000
$683,000
$676,000
4.0%
Average Price per Square Foot ...........................
$447
$437
$470
$448
0.2%
Properties Sold .......................................................
40
57
65
44
10.0%
Properties Pending Sale .......................................
51
54
63
60
17.6%
Properties For Sale ................................................
89
77
107
97
9.0%
Days on Market (Pending Sale) ...........................
48
65
55
51
6.2%
Month’s Supply of Inventory ................................
2.2
1.4
1.6
2.2
-0.9%
Percent Under Contract ........................................
57.3%
70.1%
58.9%
61.9%
7.9%
Average Median Price for Last 12 Months ........
$638,167
$689,667
$698,667
$672,308
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$650
NOV
$676,000
DEC JAN
MEDIAN SALES PRICE
FEB
$448
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Encino DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,024,000
$1,142,750
$1,262,000
$982,000
-4.1%
Average Price per Square Foot ...........................
$466
$440
$470
$486
4.3%
Properties Sold .......................................................
41
52
49
38
-7.3%
Properties Pending Sale .......................................
56
47
50
42
-25.0%
Properties For Sale ................................................
106
109
75
124
17.0%
Days on Market (Pending Sale) ...........................
57
52
58
62
8.8%
Month’s Supply of Inventory ................................
2.6
2.1
1.5
3.3
26.2%
Percent Under Contract ........................................
52.8%
43.1%
66.7%
33.9%
-35.9%
Average Median Price for Last 12 Months ........
$1,013,250
$1,198,500
$1,153,667
$1,127,442
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.024
NOV
$982,000
DEC JAN
MEDIAN SALES PRICE
FEB
$486
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$982 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Glendale DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$725,000
$806,000
$863,000
$823,000
13.5%
Average Price per Square Foot ...........................
$414
$412
$440
$436
5.3%
Properties Sold .......................................................
56
60
76
56
0.0%
Properties Pending Sale .......................................
73
64
96
67
-8.2%
Properties For Sale ................................................
134
90
114
108
-19.4%
Days on Market (Pending Sale) ...........................
45
53
48
53
17.8%
Month’s Supply of Inventory ................................
2.4
1.5
1.5
1.9
-19.4%
Percent Under Contract ........................................
54.5%
71.1%
84.2%
62.0%
13.9%
Average Median Price for Last 12 Months ........
$728,917
$819,500
$813,667
$782,385
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$725
NOV
$823,000
DEC JAN
MEDIAN SALES PRICE
FEB
$436
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$823 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
La Crescenta DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$680,000
$879,000
$695,000
$820,000
20.6%
Average Price per Square Foot ...........................
$412
$397
$437
$461
11.9%
Properties Sold .......................................................
25
16
29
17
-32.0%
Properties Pending Sale .......................................
23
8
25
19
-17.4%
Properties For Sale ................................................
32
23
28
29
-9.4%
Days on Market (Pending Sale) ...........................
61
53
48
43
-29.5%
Month’s Supply of Inventory ................................
1.3
1.4
1
1.7
33.3%
Percent Under Contract ........................................
71.9%
34.8%
89.3%
65.5%
-8.8%
Average Median Price for Last 12 Months ........
$695,250
$769,333
$816,667
$744,769
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$680
NOV
$820,000
DEC JAN
MEDIAN SALES PRICE
FEB
$461
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
North Hollywood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$450,000
$452,500
$485,000
$505,000
12.2%
Average Price per Square Foot ...........................
$316
$332
$323
$361
14.2%
Properties Sold .......................................................
27
40
44
39
44.4%
Properties Pending Sale .......................................
45
67
59
45
0.0%
Properties For Sale ................................................
85
55
61
67
-21.2%
Days on Market (Pending Sale) ...........................
62
58
65
66
6.5%
Month’s Supply of Inventory ................................
3.1
1.4
1.4
1.7
-45.4%
Percent Under Contract ........................................
52.9%
121.8%
96.7%
67.2%
26.9%
Average Median Price for Last 12 Months ........
$437,667
$502,833
$515,667
$473,500
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 OCT
$450
NOV
$505,000
DEC JAN
MEDIAN SALES PRICE
FEB
$361
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Shadow Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$595,000
$800,000
$900,000
$665,000
11.8%
Average Price per Square Foot ...........................
$293
$303
$362
$285
-2.7%
Properties Sold .......................................................
2
8
6
4
100.0%
Properties Pending Sale .......................................
3
4
3
5
66.7%
Properties For Sale ................................................
15
10
9
11
-26.7%
Days on Market (Pending Sale) ...........................
165
65
91
52
-68.5%
Month’s Supply of Inventory ................................
7.5
1.2
1.5
2.8
-63.3%
Percent Under Contract ........................................
20.0%
40.0%
33.3%
45.5%
127.3%
Average Median Price for Last 12 Months ........
$748,667
$709,000
$654,667
$707,769
-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 OCT
$595
NOV
$665,000
DEC JAN
MEDIAN SALES PRICE
FEB
$285
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$665 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sherman Oaks DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$833,000
$1,051,250
$905,000
$941,000
13.0%
Average Price per Square Foot ...........................
$443
$486
$485
$492
11.1%
Properties Sold .......................................................
62
60
66
62
0.0%
Properties Pending Sale .......................................
68
59
76
49
-27.9%
Properties For Sale ................................................
148
116
133
161
8.8%
Days on Market (Pending Sale) ...........................
49
51
51
64
30.6%
Month’s Supply of Inventory ................................
2.4
1.9
2
2.6
8.8%
Percent Under Contract ........................................
45.9%
50.9%
57.1%
30.4%
-33.8%
Average Median Price for Last 12 Months ........
$893,083
$970,000
$951,667
$941,558
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 OCT
$833
NOV
$941,000
DEC JAN
MEDIAN SALES PRICE
FEB
$492
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$941 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Studio City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,160,000
$1,182,500
$1,425,000
$1,390,000
19.8%
Average Price per Square Foot ...........................
$512
$548
$602
$608
18.8%
Properties Sold .......................................................
39
38
38
21
-46.2%
Properties Pending Sale .......................................
33
25
46
41
24.2%
Properties For Sale ................................................
74
65
98
96
29.7%
Days on Market (Pending Sale) ...........................
84
49
45
42
-50.0%
Month’s Supply of Inventory ................................
1.9
1.7
2.6
4.6
140.9%
Percent Under Contract ........................................
44.6%
38.5%
46.9%
42.7%
-4.2%
Average Median Price for Last 12 Months ........
$1,159,250
$1,339,000
$1,385,000
$1,240,577
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 OCT
$1.160
NOV
$1,390,000
DEC JAN
MEDIAN SALES PRICE
FEB
$608
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sun Valley DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$380,000
$434,000
$395,000
$406,000
6.8%
Average Price per Square Foot ...........................
$324
$334
$320
$345
6.5%
Properties Sold .......................................................
19
24
16
19
0.0%
Properties Pending Sale .......................................
22
23
31
24
9.1%
Properties For Sale ................................................
44
26
42
35
-20.5%
Days on Market (Pending Sale) ...........................
57
70
49
58
1.8%
Month’s Supply of Inventory ................................
2.3
1.1
2.6
1.8
-20.5%
Percent Under Contract ........................................
50.0%
88.5%
73.8%
68.6%
37.1%
Average Median Price for Last 12 Months ........
$391,417
$443,333
$451,667
$430,923
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 OCT
$380
NOV
$406,000
DEC JAN
MEDIAN SALES PRICE
FEB
$345
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$406 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sunland/Tujunga DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$485,000
$472,500
$508,000
$483,000
-0.4%
Average Price per Square Foot ...........................
$310
$313
$348
$345
11.3%
Properties Sold .......................................................
39
30
44
34
-12.8%
Properties Pending Sale .......................................
46
46
40
31
-32.6%
Properties For Sale ................................................
77
46
77
78
1.3%
Days on Market (Pending Sale) ...........................
55
57
51
62
12.7%
Month’s Supply of Inventory ................................
2
1.5
1.8
2.3
16.2%
Percent Under Contract ........................................
59.7%
100.0%
51.9%
39.7%
-33.5%
Average Median Price for Last 12 Months ........
$455,917
$501,500
$508,667
$489,115
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$485
NOV
$483,000
DEC JAN
MEDIAN SALES PRICE
FEB
$345
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$483 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Tarzana DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$890,000
$1,050,000
$1,075,000
$782,000
-12.1%
Average Price per Square Foot ...........................
$361
$372
$395
$366
1.4%
Properties Sold .......................................................
22
25
23
32
45.5%
Properties Pending Sale .......................................
26
16
32
34
30.8%
Properties For Sale ................................................
103
72
110
83
-19.4%
Days on Market (Pending Sale) ...........................
73
68
81
72
-1.4%
Month’s Supply of Inventory ................................
4.7
2.9
4.8
2.6
-44.6%
Percent Under Contract ........................................
25.2%
22.2%
29.1%
41.0%
62.3%
Average Median Price for Last 12 Months ........
$862,750
$896,000
$818,000
$892,538
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 OCT
$890
NOV
$782,000
DEC JAN
MEDIAN SALES PRICE
FEB
$366
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$782 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Toluca Lake DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$995,000
$1,091,500
$900,000
$945,000
-5.0%
Average Price per Square Foot ...........................
$457
$528
$518
$522
14.2%
Properties Sold .......................................................
7
7
11
3
-57.1%
Properties Pending Sale .......................................
9
7
7
3
-66.7%
Properties For Sale ................................................
20
18
20
22
10.0%
Days on Market (Pending Sale) ...........................
85
55
44
21
-75.3%
Month’s Supply of Inventory ................................
2.9
2.6
1.8
7.3
156.7%
Percent Under Contract ........................................
45.0%
38.9%
35.0%
13.6%
-69.7%
Average Median Price for Last 12 Months ........
$1,149,167
$1,038,833
$1,096,333
$1,021,808
-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 OCT
$995
NOV
$945,000
DEC JAN
MEDIAN SALES PRICE
FEB
$522
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$945 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Valley Village DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$935,000
$865,000
$895,000
$875,000
-6.4%
Average Price per Square Foot ...........................
$424
$504
$495
$456
7.5%
Properties Sold .......................................................
10
15
8
11
10.0%
Properties Pending Sale .......................................
18
16
18
7
-61.1%
Properties For Sale ................................................
28
15
9
17
-39.3%
Days on Market (Pending Sale) ...........................
70
48
43
68
-2.9%
Month’s Supply of Inventory ................................
2.8
1
1.1
1.5
-44.8%
Percent Under Contract ........................................
64.3%
106.7%
200.0%
41.2%
-35.9%
Average Median Price for Last 12 Months ........
$775,667
$888,500
$894,333
$841,923
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 OCT
$935
NOV
$875,000
DEC JAN
MEDIAN SALES PRICE
FEB
$456
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Woodland Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$661,000
$715,000
$697,000
$752,000
13.8%
Average Price per Square Foot ...........................
$325
$334
$338
$345
6.2%
Properties Sold .......................................................
62
59
70
53
-14.5%
Properties Pending Sale .......................................
53
74
105
71
34.0%
Properties For Sale ................................................
200
136
173
152
-24.0%
Days on Market (Pending Sale) ...........................
49
68
72
57
16.3%
Month’s Supply of Inventory ................................
3.2
2.3
2.5
2.9
-11.1%
Percent Under Contract ........................................
26.5%
54.4%
60.7%
46.7%
76.3%
Average Median Price for Last 12 Months ........
$682,583
$724,000
$725,000
$711,154
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 OCT
$661
NOV
$752,000
DEC JAN
MEDIAN SALES PRICE
FEB
$345
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$752 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$974,545
$1,074,391
$1,006,273
$1,007,000
3.3%
Average Price per Square Foot ...........................
$504
$496
$540
$505
0.3%
Properties Sold .......................................................
283
281
332
292
3.2%
Properties Pending Sale .......................................
292
239
353
346
18.5%
Properties For Sale ................................................
739
670
904
892
20.7%
Days on Market (Pending Sale) ...........................
51
56
49
61
20.5%
Month’s Supply of Inventory ................................
2.6
2.4
2.7
3.1
17.0%
Percent Under Contract ........................................
39.5%
35.7%
39.0%
38.8%
-1.8%
Average Median Price for Last 12 Months ........
$10,931,333
$1,025,899
$1,011,556
$1,016,312
-90.7%
*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 OCT
$974
NOV
$1,007,000
DEC JAN
MEDIAN SALES PRICE
FEB
$505
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Alhambra DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$457,000
$528,000
$525,000
$575,000
25.8%
Average Price per Square Foot ...........................
$367
$363
$372
$402
9.5%
Properties Sold .......................................................
31
34
49
23
-25.8%
Properties Pending Sale .......................................
32
44
39
21
-34.4%
Properties For Sale ................................................
107
75
90
49
-54.2%
Days on Market (Pending Sale) ...........................
54
56
45
42
-22.2%
Month’s Supply of Inventory ................................
3.5
2.2
1.8
2.1
-38.3%
Percent Under Contract ........................................
29.9%
58.7%
43.3%
42.9%
43.3%
Average Median Price for Last 12 Months ........
$546,583
$559,667
$605,000
$526,538
-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 OCT
$457
NOV
$575,000
DEC JAN
MEDIAN SALES PRICE
FEB
$402
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Altadena DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$610,000
$675,000
$785,000
$679,000
11.3%
Average Price per Square Foot ...........................
$395
$440
$462
$431
9.1%
Properties Sold .......................................................
24
30
39
30
25.0%
Properties Pending Sale .......................................
28
41
35
31
10.7%
Properties For Sale ................................................
74
70
72
64
-13.5%
Days on Market (Pending Sale) ...........................
59
48
54
94
59.3%
Month’s Supply of Inventory ................................
3.1
2.3
1.8
2.1
-30.8%
Percent Under Contract ........................................
37.8%
58.6%
48.6%
48.4%
28.0%
Average Median Price for Last 12 Months ........
$593,667
$684,667
$657,333
$654,462
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$610
NOV
$679,000
DEC JAN
MEDIAN SALES PRICE
FEB
$431
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$679 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Arcadia DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,470,000
$1,193,500
$1,210,000
$1,305,000
-11.2%
Average Price per Square Foot ...........................
$601
$576
$562
$556
-7.5%
Properties Sold .......................................................
48
42
43
46
-4.2%
Properties Pending Sale .......................................
42
31
46
51
21.4%
Properties For Sale ................................................
182
197
286
241
32.4%
Days on Market (Pending Sale) ...........................
56
75
66
74
32.1%
Month’s Supply of Inventory ................................
3.8
4.7
6.7
5.2
38.2%
Percent Under Contract ........................................
23.1%
15.7%
16.1%
21.2%
-8.3%
Average Median Price for Last 12 Months ........
$1,402,750
$1,294,833
$1,297,667
$1,320,423
-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 OCT
$1.470
NOV
$1,305,000
DEC JAN
MEDIAN SALES PRICE
FEB
$556
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Duarte DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$479,000
$450,000
$425,000
$475,000
-0.8%
Average Price per Square Foot ...........................
$333
$320
$396
$332
-0.3%
Properties Sold .......................................................
12
7
7
16
33.3%
Properties Pending Sale .......................................
13
12
17
16
23.1%
Properties For Sale ................................................
32
20
38
38
18.8%
Days on Market (Pending Sale) ...........................
46
67
44
50
8.7%
Month’s Supply of Inventory ................................
2.7
2.9
5.4
2.4
-10.9%
Percent Under Contract ........................................
40.6%
60.0%
44.7%
42.1%
3.6%
Average Median Price for Last 12 Months ........
$402,750
$454,333
$449,000
$455,077
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$479
NOV
$475,000
DEC JAN
MEDIAN SALES PRICE
FEB
$332
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Eagle Rock DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$620,000
$740,000
$675,000
$693,000
11.8%
Average Price per Square Foot ...........................
$445
$489
$457
$475
6.7%
Properties Sold .......................................................
29
15
19
14
-51.7%
Properties Pending Sale .......................................
22
9
20
14
-36.4%
Properties For Sale ................................................
24
21
34
42
75.0%
Days on Market (Pending Sale) ...........................
36
42
39
45
25.0%
Month’s Supply of Inventory ................................
0.8
1.4
1.8
3
262.5%
Percent Under Contract ........................................
91.7%
42.9%
58.8%
33.3%
-63.6%
Average Median Price for Last 12 Months ........
$655,583
$709,833
$714,333
$700,000
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$620
NOV
$693,000
DEC JAN
MEDIAN SALES PRICE
FEB
$475
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$693 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
La Canada Flintridge DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,694,000
$1,769,018
$1,435,000
$1,606,000
-5.2%
Average Price per Square Foot ...........................
$591
$663
$596
$644
9.0%
Properties Sold .......................................................
18
24
29
20
11.1%
Properties Pending Sale .......................................
25
21
27
28
12.0%
Properties For Sale ................................................
39
57
61
42
7.7%
Days on Market (Pending Sale) ...........................
78
31
50
80
2.6%
Month’s Supply of Inventory ................................
2.2
2.4
2.1
2.1
-3.1%
Percent Under Contract ........................................
64.1%
36.8%
44.3%
66.7%
4.0%
Average Median Price for Last 12 Months ........
$1,343,417
$1,558,000
$1,558,000
$1,582,309
17.8%
*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 OCT
$1.694
NOV
$1,606,000
DEC JAN
MEDIAN SALES PRICE
FEB
$644
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.606 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Monrovia DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$578,000
$645,000
$650,000
$728,000
26.0%
Average Price per Square Foot ...........................
$396
$325
$434
$394
-0.5%
Properties Sold .......................................................
28
21
26
26
-7.1%
Properties Pending Sale .......................................
20
14
34
23
15.0%
Properties For Sale ................................................
64
50
63
61
-4.7%
Days on Market (Pending Sale) ...........................
56
60
38
84
50.0%
Month’s Supply of Inventory ................................
2.3
2.4
2.4
2.3
2.6%
Percent Under Contract ........................................
31.2%
28.0%
54.0%
37.7%
20.7%
Average Median Price for Last 12 Months ........
$580,750
$645,333
$678,667
$610,846
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 OCT
$578
NOV
$728,000
DEC JAN
MEDIAN SALES PRICE
FEB
$394
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$728 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Pasadena DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$740,000
$797,000
$800,000
$800,000
8.1%
Average Price per Square Foot ...........................
$474
$503
$547
$549
15.8%
Properties Sold .......................................................
61
94
97
73
19.7%
Properties Pending Sale .......................................
83
66
101
97
16.9%
Properties For Sale ................................................
202
143
193
203
0.5%
Days on Market (Pending Sale) ...........................
44
49
58
57
29.5%
Month’s Supply of Inventory ................................
3.3
1.5
2
2.8
-16.0%
Percent Under Contract ........................................
41.1%
46.2%
52.3%
47.8%
16.3%
Average Median Price for Last 12 Months ........
$735,750
$799,333
$786,333
$773,077
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 OCT
$740
NOV
$800,000
DEC JAN
MEDIAN SALES PRICE
FEB
$549
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Gabriel DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$697,000
$717,500
$710,000
$677,000
-2.9%
Average Price per Square Foot ...........................
$422
$390
$432
$418
-0.9%
Properties Sold .......................................................
24
20
33
25
4.2%
Properties Pending Sale .......................................
29
20
25
29
0.0%
Properties For Sale ................................................
57
48
77
70
22.8%
Days on Market (Pending Sale) ...........................
61
47
47
45
-26.2%
Month’s Supply of Inventory ................................
2.4
2.4
2.3
2.8
17.9%
Percent Under Contract ........................................
50.9%
41.7%
32.5%
41.4%
-18.6%
Average Median Price for Last 12 Months ........
$670,667
$717,167
$703,000
$708,577
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$697
NOV
$677,000
DEC JAN
MEDIAN SALES PRICE
FEB
$418
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$677 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Marino DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,894,000
$2,550,000
$2,192,000
$2,275,000
20.1%
Average Price per Square Foot ...........................
$833
$792
$875
$845
1.4%
Properties Sold .......................................................
10
8
8
10
0.0%
Properties Pending Sale .......................................
10
8
17
11
10.0%
Properties For Sale ................................................
21
29
41
44
109.5%
Days on Market (Pending Sale) ...........................
38
79
45
62
63.2%
Month’s Supply of Inventory ................................
2.1
3.6
5.1
4.4
109.5%
Percent Under Contract ........................................
47.6%
27.6%
41.5%
25.0%
-47.5%
Average Median Price for Last 12 Months ........
$2,089,833
$2,307,000
$2,230,000
$2,273,154
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 OCT
$1.894
NOV
$2,275,000
DEC JAN
MEDIAN SALES PRICE
FEB
$845
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sierra Madre DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$906,000
$1,012,500
$962,000
$971,000
7.2%
Average Price per Square Foot ...........................
$464
$481
$512
$489
5.4%
Properties Sold .......................................................
11
10
18
5
-54.5%
Properties Pending Sale .......................................
11
9
11
12
9.1%
Properties For Sale ................................................
23
22
15
19
-17.4%
Days on Market (Pending Sale) ...........................
35
55
48
50
42.9%
Month’s Supply of Inventory ................................
2.1
2.2
0.8
3.8
81.7%
Percent Under Contract ........................................
47.8%
40.9%
73.3%
63.2%
32.1%
Average Median Price for Last 12 Months ........
$853,000
$980,000
$1,027,000
$956,115
12.1%
*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 OCT
$906
NOV
$971,000
DEC JAN
MEDIAN SALES PRICE
FEB
$489
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$971 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
South Pasadena DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,032,000
$1,268,788
$1,225,000
$1,300,000
26.0%
Average Price per Square Foot ...........................
$585
$482
$667
$524
-10.4%
Properties Sold .......................................................
18
10
13
4
-77.8%
Properties Pending Sale .......................................
9
8
20
13
44.4%
Properties For Sale ................................................
21
13
24
19
-9.5%
Days on Market (Pending Sale) ...........................
51
61
45
53
3.9%
Month’s Supply of Inventory ................................
1.2
1.3
1.8
4.8
307.1%
Percent Under Contract ........................................
42.9%
61.5%
83.3%
68.4%
59.6%
Average Median Price for Last 12 Months ........
$1,056,583
$1,273,167
$1,303,333
$1,209,445
14.5%
*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 OCT
$1.032
NOV
$1,300,000
DEC JAN
MEDIAN SALES PRICE
FEB
$524
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
Dana Point
Mission Viejo
West Newport - Lido
East Bluff - Harbor View
Nelle Gail
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : October 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : October 2015
telesproperties.com
Orange County DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$680,000
$695,000
$715,000
$695,000
2.2%
Average Price per Square Foot ...........................
$404
$409
$415
$424
5.0%
Properties Sold .......................................................
1485
1882
2013
1498
0.9%
Properties Pending Sale .......................................
1564
2016
1866
1635
4.5%
Properties For Sale ................................................
7,292
6,659
7,603
6,820
-6.5%
Days on Market (Pending Sale) ...........................
64
61
56
62
-3.1%
Month’s Supply of Inventory ................................
4.9
3.5
3.8
4.6
-7.3%
Percent Under Contract ........................................
21.4%
30.3%
24.5%
24.0%
11.8%
Average Median Price for Last 12 Months ........
$667,829
$705,000
$700,000
$687,707
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 OCT
$680
NOV
$695,000
DEC JAN
MEDIAN SALES PRICE
FEB
$424
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Aliso Viejo DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$725,000
$765,000
$760,000
$703,500
-3.0%
Average Price per Square Foot ...........................
$362
$352
$370
$360
-0.6%
Properties Sold .......................................................
21
21
29
16
-23.8%
Properties Pending Sale .......................................
19
27
27
19
0.0%
Properties For Sale ................................................
76
71
84
75
-1.3%
Days on Market (Pending Sale) ...........................
44
53
43
63
43.2%
Month’s Supply of Inventory ................................
3.6
3.4
2.9
4.7
29.5%
Percent Under Contract ........................................
25.0%
38.0%
32.1%
25.3%
1.3%
Average Median Price for Last 12 Months ........
$729,542
$744,083
$744,833
$726,346
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$725
NOV
$703,500
DEC JAN
MEDIAN SALES PRICE
FEB
$360
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$703 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Balboa Peninsula DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,950,000
$4,345,000
$4,550,000
$1,610,000
-17.4%
Average Price per Square Foot ...........................
$1,303
$1,435
$1,613
$1,336
2.5%
Properties Sold .......................................................
3
2
5
3
0.0%
Properties Pending Sale .......................................
4
4
8
7
75.0%
Properties For Sale ................................................
43
35
38
38
-11.6%
Days on Market (Pending Sale) ...........................
39
114
62
100
156.4%
Month’s Supply of Inventory ................................
14.3
17.5
7.6
12.7
-11.6%
Percent Under Contract ........................................
9.3%
11.4%
21.1%
18.4%
98.0%
Average Median Price for Last 12 Months ........
$3,067,625
$2,827,833
$2,415,833
$2,933,231
-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 OCT
$1.950
NOV
$1,610,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,336
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,827,500
$2,500,000
$2,951,500
$2,790,000
52.7%
Average Price per Square Foot ...........................
$786
$1,025
$1,099
$1,099
39.8%
Properties Sold .......................................................
8
7
8
16
100.0%
Properties Pending Sale .......................................
10
15
14
22
120.0%
Properties For Sale ................................................
82
95
108
104
26.8%
Days on Market (Pending Sale) ...........................
53
88
74
98
84.9%
Month’s Supply of Inventory ................................
10.2
13.6
13.5
6.5
-36.6%
Percent Under Contract ........................................
12.2%
15.8%
13.0%
21.2%
73.5%
Average Median Price for Last 12 Months ........
$2,367,021
$2,518,500
$2,190,667
$2,334,253
-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 OCT
$1.827
NOV
$2,790,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,099
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Coto de Caza DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,022,500
$1,000,050
$1,100,000
$1,185,000
15.9%
Average Price per Square Foot ...........................
$325
$331
$326
$367
12.9%
Properties Sold .......................................................
30
33
15
15
-50.0%
Properties Pending Sale .......................................
14
24
16
12
-14.3%
Properties For Sale ................................................
132
124
139
125
-5.3%
Days on Market (Pending Sale) ...........................
94
65
73
72
-23.4%
Month’s Supply of Inventory ................................
4.4
3.8
9.3
8.3
89.4%
Percent Under Contract ........................................
10.6%
19.4%
11.5%
9.6%
-9.5%
Average Median Price for Last 12 Months ........
$1,114,958
$1,101,678
$1,076,250
$1,162,894
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.022
NOV
$1,185,000
DEC JAN
MEDIAN SALES PRICE
FEB
$367
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.185 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Crystal Cove DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$8,750,000
$3,930,000
$4,680,000
$4,000,000
-54.3%
Average Price per Square Foot ...........................
$1,134
$959
$1,192
$1,061
-6.4%
Properties Sold .......................................................
9
14
8
7
-22.2%
Properties Pending Sale .......................................
13
13
9
10
-23.1%
Properties For Sale ................................................
25
26
19
19
-24.0%
Days on Market (Pending Sale) ...........................
124
175
24
278
124.2%
Month’s Supply of Inventory ................................
2.8
1.9
2.4
2.7
-2.3%
Percent Under Contract ........................................
52.0%
50.0%
47.4%
52.6%
1.2%
Average Median Price for Last 12 Months ........
$5,020,542
$6,594,991
$6,749,167
$5,659,573
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $8.750
OCT NOV
$4,000,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,061
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$4.000 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 : October 2015
telesproperties.com
Dana Point DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$948,750
$1,029,500
$1,280,000
$922,500
-2.8%
Average Price per Square Foot ...........................
$572
$592
$772
$625
9.3%
Properties Sold .......................................................
34
34
39
28
-17.6%
Properties Pending Sale .......................................
23
43
39
23
0.0%
Properties For Sale ................................................
172
183
190
150
-12.8%
Days on Market (Pending Sale) ...........................
66
109
86
115
74.2%
Month’s Supply of Inventory ................................
5.1
5.4
4.9
5.4
5.9%
Percent Under Contract ........................................
13.4%
23.5%
20.5%
15.3%
14.7%
Average Median Price for Last 12 Months ........
$880,529
$1,029,483
$1,020,633
$1,029,234
16.9%
*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 OCT
$948
NOV
$922,500
DEC JAN
MEDIAN SALES PRICE
FEB
$625
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
East Bluff - Harbor View DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,282,000
$1,640,000
$1,930,000
$1,825,000
42.4%
Average Price per Square Foot ...........................
$672
$672
$669
$672
0.0%
Properties Sold .......................................................
21
23
25
15
-28.6%
Properties Pending Sale .......................................
16
23
20
12
-25.0%
Properties For Sale ................................................
117
102
103
95
-18.8%
Days on Market (Pending Sale) ...........................
74
66
61
70
-5.4%
Month’s Supply of Inventory ................................
5.6
4.4
4.1
6.3
13.7%
Percent Under Contract ........................................
13.7%
22.5%
19.4%
12.6%
-7.6%
Average Median Price for Last 12 Months ........
$1,715,792
$1,850,156
$1,833,333
$1,759,572
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 OCT
$1.282
NOV
$1,825,000
DEC JAN
MEDIAN SALES PRICE
FEB
$672
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
East Costa Mesa DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$850,000
$1,032,500
$900,000
$892,250
5.0%
Average Price per Square Foot ...........................
$484
$513
$540
$491
1.4%
Properties Sold .......................................................
14
25
17
15
7.1%
Properties Pending Sale .......................................
23
23
20
20
-13.0%
Properties For Sale ................................................
77
57
62
55
-28.6%
Days on Market (Pending Sale) ...........................
77
63
58
65
-15.6%
Month’s Supply of Inventory ................................
5.5
2.3
3.6
3.7
-33.3%
Percent Under Contract ........................................
29.9%
40.4%
32.3%
36.4%
21.7%
Average Median Price for Last 12 Months ........
$861,733
$873,333
$892,917
$916,575
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 OCT
$850
NOV
$892,250
DEC JAN
MEDIAN SALES PRICE
FEB
$491
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$892 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Fountain Valley DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$698,500
$752,000
$759,000
$729,000
4.4%
Average Price per Square Foot ...........................
$325
$341
$377
$354
8.9%
Properties Sold .......................................................
32
29
45
25
-21.9%
Properties Pending Sale .......................................
21
19
43
32
52.4%
Properties For Sale ................................................
58
70
97
78
34.5%
Days on Market (Pending Sale) ...........................
45
38
37
47
4.4%
Month’s Supply of Inventory ................................
1.8
2.4
2.2
3.1
72.1%
Percent Under Contract ........................................
36.2%
27.1%
44.3%
41.0%
13.3%
Average Median Price for Last 12 Months ........
$671,458
$730,417
$726,333
$709,462
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$698
NOV
$729,000
DEC JAN
MEDIAN SALES PRICE
FEB
$354
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Huntington Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$790,000
$746,500
$795,000
$802,500
1.6%
Average Price per Square Foot ...........................
$437
$455
$453
$444
1.6%
Properties Sold .......................................................
94
112
133
92
-2.1%
Properties Pending Sale .......................................
95
134
126
118
24.2%
Properties For Sale ................................................
382
390
451
412
7.9%
Days on Market (Pending Sale) ...........................
57
58
51
55
-3.5%
Month’s Supply of Inventory ................................
4.1
3.5
3.4
4.5
10.2%
Percent Under Contract ........................................
24.9%
34.4%
27.9%
28.6%
15.2%
Average Median Price for Last 12 Months ........
$741,479
$802,417
$810,167
$785,846
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 OCT
$790
NOV
$802,500
DEC JAN
MEDIAN SALES PRICE
FEB
$444
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Irvine DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$915,673
$983,500
$987,500
$965,500
5.4%
Average Price per Square Foot ...........................
$470
$461
$479
$437
-7.0%
Properties Sold .......................................................
94
111
136
90
-4.3%
Properties Pending Sale .......................................
96
99
90
80
-16.7%
Properties For Sale ................................................
413
389
497
422
2.2%
Days on Market (Pending Sale) ...........................
80
58
50
72
-10.0%
Month’s Supply of Inventory ................................
4.4
3.5
3.7
4.7
6.7%
Percent Under Contract ........................................
23.2%
25.4%
18.1%
19.0%
-18.4%
Average Median Price for Last 12 Months ........
$903,374
$964,250
$975,333
$948,871
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 OCT
$915
NOV
$965,500
DEC JAN
MEDIAN SALES PRICE
FEB
$437
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Ladera Ranch DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$850,000
$917,000
$856,450
$929,900
9.4%
Average Price per Square Foot ...........................
$314
$337
$344
$350
11.5%
Properties Sold .......................................................
19
29
42
21
10.5%
Properties Pending Sale .......................................
17
36
25
18
5.9%
Properties For Sale ................................................
127
135
162
107
-15.7%
Days on Market (Pending Sale) ...........................
92
70
67
65
-29.3%
Month’s Supply of Inventory ................................
6.7
4.7
3.9
5.1
-23.8%
Percent Under Contract ........................................
13.4%
26.7%
15.4%
16.8%
25.7%
Average Median Price for Last 12 Months ........
$873,160
$893,558
$908,300
$856,385
-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 OCT
$850
NOV
$929,900
DEC JAN
MEDIAN SALES PRICE
FEB
$350
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$929 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Laguna Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,820,000
$1,608,750
$1,675,000
$1,775,000
-2.5%
Average Price per Square Foot ...........................
$1,187
$977
$858
$1,451
22.2%
Properties Sold .......................................................
33
35
37
23
-30.3%
Properties Pending Sale .......................................
31
38
28
25
-19.4%
Properties For Sale ................................................
261
253
279
248
-5.0%
Days on Market (Pending Sale) ...........................
84
98
84
122
45.2%
Month’s Supply of Inventory ................................
7.9
7.2
7.5
10.8
36.3%
Percent Under Contract ........................................
11.9%
15.0%
10.0%
10.1%
-15.1%
Average Median Price for Last 12 Months ........
$1,954,625
$1,921,333
$1,879,000
$1,845,673
-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 OCT
$1.820
NOV
$1,775,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,451
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Laguna Niguel DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$788,500
$840,000
$861,000
$875,750
11.1%
Average Price per Square Foot ...........................
$396
$405
$375
$403
1.8%
Properties Sold .......................................................
48
73
67
48
0.0%
Properties Pending Sale .......................................
54
78
76
61
13.0%
Properties For Sale ................................................
316
285
321
253
-19.9%
Days on Market (Pending Sale) ...........................
84
78
67
69
-17.9%
Month’s Supply of Inventory ................................
6.6
3.9
4.8
5.3
-19.9%
Percent Under Contract ........................................
17.1%
27.4%
23.7%
24.1%
41.1%
Average Median Price for Last 12 Months ........
$794,996
$860,958
$856,917
$837,712
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 OCT
$788
NOV
$875,750
DEC JAN
MEDIAN SALES PRICE
FEB
$403
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Laguna Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$630,000
$825,000
$747,000
$1,110,000
76.2%
Average Price per Square Foot ...........................
$345
$397
$367
$359
4.1%
Properties Sold .......................................................
17
21
23
20
17.6%
Properties Pending Sale .......................................
21
19
34
28
33.3%
Properties For Sale ................................................
103
98
148
132
28.2%
Days on Market (Pending Sale) ...........................
62
60
56
52
-16.1%
Month’s Supply of Inventory ................................
6.1
4.7
6.4
6.6
8.9%
Percent Under Contract ........................................
20.4%
19.4%
23.0%
21.2%
4.0%
Average Median Price for Last 12 Months ........
$730,617
$851,997
$896,660
$788,595
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$630
NOV
$1,110,000
DEC JAN
MEDIAN SALES PRICE
FEB
$359
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.110 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Laguna Woods DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
n/a
n/a
n/a
n/a
n/a
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
0
0
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
Percent Under Contract ........................................
n/a
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$647,333
$841,500
$798,000
$841,500
30.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT NOV
n/a
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
n/a MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$4,650,000
$2,900,000
$5,387,500
$3,554,500
-23.6%
Average Price per Square Foot ...........................
$1,352
$1,123
$1,394
$1,513
11.9%
Properties Sold .......................................................
4
5
4
4
0.0%
Properties Pending Sale .......................................
3
9
5
7
133.3%
Properties For Sale ................................................
37
37
36
35
-5.4%
Days on Market (Pending Sale) ...........................
171
85
90
106
-38.0%
Month’s Supply of Inventory ................................
9.2
7.4
9
8.7
-5.4%
Percent Under Contract ........................................
8.1%
24.3%
13.9%
20.0%
146.7%
Average Median Price for Last 12 Months ........
$3,132,488
$3,254,000
$2,716,333
$3,177,337
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 $4.650
OCT NOV
$3,554,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,513
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.554 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Mission Viejo DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$649,900
$630,000
$677,000
$659,900
1.5%
Average Price per Square Foot ...........................
$321
$334
$342
$337
5.0%
Properties Sold .......................................................
59
107
107
87
47.5%
Properties Pending Sale .......................................
73
127
102
92
26.0%
Properties For Sale ................................................
325
302
346
304
-6.5%
Days on Market (Pending Sale) ...........................
61
55
56
64
4.9%
Month’s Supply of Inventory ................................
5.5
2.8
3.2
3.5
-36.6%
Percent Under Contract ........................................
22.5%
42.1%
29.5%
30.3%
34.7%
Average Median Price for Last 12 Months ........
$636,908
$674,483
$669,967
$655,908
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 OCT
$649
NOV
$659,900
DEC JAN
MEDIAN SALES PRICE
FEB
$337
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$659 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Nelle Gail DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$622,500
$914,850
$762,000
$1,120,000
79.9%
Average Price per Square Foot ...........................
$346
$399
$367
$359
3.8%
Properties Sold .......................................................
16
19
22
19
18.8%
Properties Pending Sale .......................................
18
17
33
27
50.0%
Properties For Sale ................................................
106
99
145
131
23.6%
Days on Market (Pending Sale) ...........................
83
59
56
51
-38.6%
Month’s Supply of Inventory ................................
6.6
5.2
6.6
6.9
4.1%
Percent Under Contract ........................................
17.0%
17.2%
22.8%
20.6%
21.4%
Average Median Price for Last 12 Months ........
$743,479
$861,165
$909,997
$805,507
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 OCT
$622
NOV
$1,120,000
DEC JAN
MEDIAN SALES PRICE
FEB
$359
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Newport Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,055,000
$1,867,500
$1,946,250
$2,035,000
-1.0%
Average Price per Square Foot ...........................
$795
$755
$826
$862
8.4%
Properties Sold .......................................................
39
62
63
41
5.1%
Properties Pending Sale .......................................
51
73
65
53
3.9%
Properties For Sale ................................................
337
336
358
317
-5.9%
Days on Market (Pending Sale) ...........................
86
117
93
88
2.3%
Month’s Supply of Inventory ................................
8.6
5.4
5.7
7.7
-10.5%
Percent Under Contract ........................................
15.1%
21.7%
18.2%
16.7%
10.5%
Average Median Price for Last 12 Months ........
$1,845,425
$1,981,042
$1,983,333
$1,875,043
1.6%
*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 OCT
$2.055
NOV
$2,035,000
DEC JAN
MEDIAN SALES PRICE
FEB
$862
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.035 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Newport Coast DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,500,000
$2,802,500
$2,517,500
$2,598,000
3.9%
Average Price per Square Foot ...........................
$873
$930
$1,084
$835
-4.4%
Properties Sold .......................................................
9
14
8
7
-22.2%
Properties Pending Sale .......................................
13
14
9
10
-23.1%
Properties For Sale ................................................
92
86
99
100
8.7%
Days on Market (Pending Sale) ...........................
99
49
154
110
11.1%
Month’s Supply of Inventory ................................
10.2
6.1
12.4
14.3
39.8%
Percent Under Contract ........................................
14.1%
16.3%
9.1%
10.0%
-29.2%
Average Median Price for Last 12 Months ........
$3,055,138
$3,353,677
$3,211,521
$3,247,999
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 OCT
$2.500
NOV
$2,598,000
DEC JAN
MEDIAN SALES PRICE
FEB
$835
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.598 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Newport Heights DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,130,638
$2,430,000
$1,465,000
$1,290,000
-39.5%
Average Price per Square Foot ...........................
$597
$655
$560
$564
-5.5%
Properties Sold .......................................................
4
7
6
3
-25.0%
Properties Pending Sale .......................................
7
5
3
5
-28.6%
Properties For Sale ................................................
39
31
33
33
-15.4%
Days on Market (Pending Sale) ...........................
72
41
54
67
-6.9%
Month’s Supply of Inventory ................................
9.8
4.4
5.5
11
12.8%
Percent Under Contract ........................................
17.9%
16.1%
9.1%
15.2%
-15.6%
Average Median Price for Last 12 Months ........
$1,916,564
$1,909,479
$1,963,125
$1,760,155
-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 $2.130
OCT NOV
$1,290,000
DEC JAN
MEDIAN SALES PRICE
FEB
$564
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.290 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Rancho Santa Margarita DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$650,000
$643,250
$657,000
$703,000
8.2%
Average Price per Square Foot ...........................
$313
$325
$319
$332
6.1%
Properties Sold .......................................................
41
48
50
40
-2.4%
Properties Pending Sale .......................................
34
68
55
45
32.4%
Properties For Sale ................................................
193
146
187
150
-22.3%
Days on Market (Pending Sale) ...........................
61
49
44
76
24.6%
Month’s Supply of Inventory ................................
4.7
3
3.7
3.8
-20.3%
Percent Under Contract ........................................
17.6%
46.6%
29.4%
30.0%
70.3%
Average Median Price for Last 12 Months ........
$647,657
$675,417
$684,333
$660,554
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 OCT
$650
NOV
$703,000
DEC JAN
MEDIAN SALES PRICE
FEB
$332
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$703 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Clemente DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$820,000
$865,000
$855,000
$881,000
7.4%
Average Price per Square Foot ...........................
$375
$405
$382
$421
12.3%
Properties Sold .......................................................
58
59
73
44
-24.1%
Properties Pending Sale .......................................
72
80
56
58
-19.4%
Properties For Sale ................................................
356
288
311
312
-12.4%
Days on Market (Pending Sale) ...........................
72
59
59
79
9.7%
Month’s Supply of Inventory ................................
6.1
4.9
4.3
7.1
15.5%
Percent Under Contract ........................................
20.2%
27.8%
18.0%
18.6%
-8.1%
Average Median Price for Last 12 Months ........
$823,954
$882,500
$895,000
$860,192
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 OCT
$820
NOV
$881,000
DEC JAN
MEDIAN SALES PRICE
FEB
$421
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$881 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Juan Capistrano DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$829,388
$850,000
$982,500
$805,500
-2.9%
Average Price per Square Foot ...........................
$339
$356
$360
$373
10.0%
Properties Sold .......................................................
16
23
22
27
68.8%
Properties Pending Sale .......................................
24
33
33
16
-33.3%
Properties For Sale ................................................
167
142
165
146
-12.6%
Days on Market (Pending Sale) ...........................
69
71
58
95
37.7%
Month’s Supply of Inventory ................................
10.4
6.2
7.5
5.4
-48.2%
Percent Under Contract ........................................
14.4%
23.2%
20.0%
11.0%
-23.7%
Average Median Price for Last 12 Months ........
$824,824
$911,958
$871,833
$844,164
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 OCT
$829
NOV
$805,500
DEC JAN
MEDIAN SALES PRICE
FEB
$373
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Shady Canyon DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
n/a
n/a
$6,000,000
n/a
n/a
Average Price per Square Foot ...........................
n/a
n/a
$781
n/a
n/a
Properties Sold .......................................................
0
0
1
0
n/a
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
4
1
0
0
-100.0%
Days on Market (Pending Sale) ...........................
245
0
331
0
-100.0%
Month’s Supply of Inventory ................................
0
n/a
Percent Under Contract ........................................
25.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$4,693,800
$6,000,000
n/a
$5,150,000
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT NOV
n/a
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
n/a MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Turtle Ridge DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,488,000
$3,800,000
$2,354,000
$2,275,500
-8.5%
Average Price per Square Foot ...........................
$686
$905
$611
$681
-0.7%
Properties Sold .......................................................
5
1
2
4
-20.0%
Properties Pending Sale .......................................
5
5
2
3
-40.0%
Properties For Sale ................................................
33
25
25
17
-48.5%
Days on Market (Pending Sale) ...........................
82
160
101
164
100.0%
Month’s Supply of Inventory ................................
6.6
25
12.5
4.2
-35.6%
Percent Under Contract ........................................
15.2%
20.0%
8.0%
17.6%
16.5%
Average Median Price for Last 12 Months ........
$2,471,291
$2,166,667
$2,326,167
$2,290,842
-7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.488
NOV
$2,275,500
DEC JAN
MEDIAN SALES PRICE
FEB
$681
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Turtle Rock DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,200,000
$1,075,000
$1,457,500
$1,342,000
11.8%
Average Price per Square Foot ...........................
$590
$652
$551
$451
-23.6%
Properties Sold .......................................................
1
1
2
1
0.0%
Properties Pending Sale .......................................
2
3
0
1
-50.0%
Properties For Sale ................................................
8
11
2
3
-62.5%
Days on Market (Pending Sale) ...........................
40
136
0
74
85.0%
Month’s Supply of Inventory ................................
8
11
1
3
-62.5%
Percent Under Contract ........................................
25.0%
27.3%
0.0%
33.3%
33.3%
Average Median Price for Last 12 Months ........
$1,795,222
$1,332,950
$1,330,500
$1,289,000
-28.2%
*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 OCT
$1.200
NOV
$1,342,000
DEC JAN
MEDIAN SALES PRICE
FEB
$451
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.342 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Westminster DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$523,500
$554,900
$560,000
$600,000
14.6%
Average Price per Square Foot ...........................
$335
$346
$361
$322
-3.9%
Properties Sold .......................................................
28
29
47
41
46.4%
Properties Pending Sale .......................................
35
32
42
32
-8.6%
Properties For Sale ................................................
118
101
113
110
-6.8%
Days on Market (Pending Sale) ...........................
55
34
30
47
-14.5%
Month’s Supply of Inventory ................................
4.2
3.5
2.4
2.7
-36.3%
Percent Under Contract ........................................
29.7%
31.7%
37.2%
29.1%
-1.9%
Average Median Price for Last 12 Months ........
$524,287
$567,508
$590,667
$553,104
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 OCT
$523
NOV
$600,000
DEC JAN
MEDIAN SALES PRICE
FEB
$322
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,779,500
$1,633,750
$1,410,000
$2,100,000
18.0%
Average Price per Square Foot ...........................
$684
$565
$601
$776
13.5%
Properties Sold .......................................................
6
10
16
11
83.3%
Properties Pending Sale .......................................
11
10
14
15
36.4%
Properties For Sale ................................................
63
69
80
68
7.9%
Days on Market (Pending Sale) ...........................
65
62
89
115
76.9%
Month’s Supply of Inventory ................................
10.5
6.9
5
6.2
-41.1%
Percent Under Contract ........................................
17.5%
14.5%
17.5%
22.1%
26.3%
Average Median Price for Last 12 Months ........
$1,501,396
$1,619,583
$1,747,167
$1,585,489
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 OCT
$1.779
NOV
$2,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$776
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
West Newport - Lido DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,250,000
$2,050,000
$2,047,500
$3,025,000
34.4%
Average Price per Square Foot ...........................
$1,178
$985
$955
$1,110
-5.8%
Properties Sold .......................................................
9
6
10
4
-55.6%
Properties Pending Sale .......................................
4
7
8
7
75.0%
Properties For Sale ................................................
48
48
54
47
-2.1%
Days on Market (Pending Sale) ...........................
96
80
42
45
-53.1%
Month’s Supply of Inventory ................................
5.3
8
5.4
11.8
120.3%
Percent Under Contract ........................................
8.3%
14.6%
14.8%
14.9%
78.7%
Average Median Price for Last 12 Months ........
$2,069,468
$2,365,000
$2,432,500
$2,244,250
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 OCT
$2.250
NOV
$3,025,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,110
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : October 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : October 2015
telesproperties.com
Carpinteria DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$872,500
$795,000
$1,107,925
$845,000
-3.2%
Average Price per Square Foot ...........................
$540
$658
$601
$1,220
125.9%
Properties Sold .......................................................
8
7
4
7
-12.5%
Properties Pending Sale .......................................
12
11
3
6
-50.0%
Properties For Sale ................................................
45
40
32
28
-37.8%
Days on Market (Pending Sale) ...........................
22
26
12
62
181.8%
Month’s Supply of Inventory ................................
5.6
5.7
8
4
-28.9%
Percent Under Contract ........................................
26.7%
27.5%
9.4%
21.4%
-19.6%
Average Median Price for Last 12 Months ........
$1,467,998
$954,654
$883,667
$911,302
-37.9%
*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 OCT
$872
NOV
$845,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,220
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Goleta DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$739,500
$835,000
$770,214
$900,000
21.7%
Average Price per Square Foot ...........................
$441
$417
$455
$493
11.8%
Properties Sold .......................................................
10
11
5
9
-10.0%
Properties Pending Sale .......................................
11
11
2
7
-36.4%
Properties For Sale ................................................
34
35
18
28
-17.6%
Days on Market (Pending Sale) ...........................
60
19
31
58
-3.3%
Month’s Supply of Inventory ................................
3.4
3.2
3.6
3.1
-8.5%
Percent Under Contract ........................................
32.4%
31.4%
11.1%
25.0%
-22.7%
Average Median Price for Last 12 Months ........
$805,000
$823,452
$862,667
$775,690
-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 OCT
$739
NOV
$900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$493
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Hope Ranch DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,780,000
$4,685,000
$3,900,000
$6,122,500
244.0%
Average Price per Square Foot ...........................
$675
$1,100
$1,051
$1,009
49.5%
Properties Sold .......................................................
3
4
3
4
33.3%
Properties Pending Sale .......................................
3
4
1
2
-33.3%
Properties For Sale ................................................
34
24
21
15
-55.9%
Days on Market (Pending Sale) ...........................
124
92
19
104
-16.1%
Month’s Supply of Inventory ................................
11.3
6
7
3.8
-66.9%
Percent Under Contract ........................................
8.8%
16.7%
4.8%
13.3%
51.1%
Average Median Price for Last 12 Months ........
$3,103,021
$4,175,724
$4,964,310
$3,429,177
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.780
NOV
$6,122,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,009
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$6.122 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Montecito DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$2,978,000
$2,580,000
$2,650,000
$2,277,500
-23.5%
Average Price per Square Foot ...........................
$899
$856
$1,513
$1,000
11.2%
Properties Sold .......................................................
17
12
5
14
-17.6%
Properties Pending Sale .......................................
11
19
7
15
36.4%
Properties For Sale ................................................
152
161
156
167
9.9%
Days on Market (Pending Sale) ...........................
115
75
39
98
-14.8%
Month’s Supply of Inventory ................................
8.9
13.4
31.2
11.9
33.4%
Percent Under Contract ........................................
7.2%
11.8%
4.5%
9.0%
24.1%
Average Median Price for Last 12 Months ........
$2,708,771
$2,942,500
$2,371,667
$3,229,562
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 OCT
$2.978
NOV
$2,277,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,000
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.277 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Barbara East of State DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,130,000
$1,100,000
$997,500
$1,007,500
-10.8%
Average Price per Square Foot ...........................
$588
$603
$741
$695
18.2%
Properties Sold .......................................................
19
21
8
26
36.8%
Properties Pending Sale .......................................
31
37
8
18
-41.9%
Properties For Sale ................................................
145
148
115
128
-11.7%
Days on Market (Pending Sale) ...........................
53
46
71
67
26.4%
Month’s Supply of Inventory ................................
7.6
7
14.4
4.9
-35.5%
Percent Under Contract ........................................
21.4%
25.0%
7.0%
14.1%
-34.2%
Average Median Price for Last 12 Months ........
$1,199,292
$1,196,375
$1,074,750
$1,183,923
-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 OCT
$1.130
NOV
$1,007,500
DEC JAN
MEDIAN SALES PRICE
FEB
$695
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Barbara West of State DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,340,000
$847,500
$1,152,500
$1,135,000
-15.3%
Average Price per Square Foot ...........................
$647
$614
$574
$645
-0.3%
Properties Sold .......................................................
12
26
10
15
25.0%
Properties Pending Sale .......................................
28
26
10
15
-46.4%
Properties For Sale ................................................
88
64
44
74
-15.9%
Days on Market (Pending Sale) ...........................
39
58
40
51
30.8%
Month’s Supply of Inventory ................................
7.3
2.5
4.4
4.9
-32.7%
Percent Under Contract ........................................
31.8%
40.6%
22.7%
20.3%
-36.3%
Average Median Price for Last 12 Months ........
$984,458
$1,110,000
$1,083,333
$1,060,769
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 OCT
$1.340
NOV
$1,135,000
DEC JAN
MEDIAN SALES PRICE
FEB
$645
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.135 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Ynez DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$494,000
$992,000
$895,000
$840,000
70.0%
Average Price per Square Foot ...........................
$414
$653
$407
$338
-18.4%
Properties Sold .......................................................
14
8
1
8
-42.9%
Properties Pending Sale .......................................
10
16
5
11
10.0%
Properties For Sale ................................................
111
100
105
123
10.8%
Days on Market (Pending Sale) ...........................
51
161
49
76
49.0%
Month’s Supply of Inventory ................................
7.9
12.5
105
15.4
93.9%
Percent Under Contract ........................................
9.0%
16.0%
4.8%
8.9%
-0.7%
Average Median Price for Last 12 Months ........
$0
$806,375
$769,167
$769,846
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 OCT
$494
NOV
$840,000
DEC JAN
MEDIAN SALES PRICE
FEB
$338
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
15.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : October 2015
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : October 2015
telesproperties.com
Carmel DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,606,150
$1,277,500
$1,375,500
$1,284,000
-20.1%
Average Price per Square Foot ...........................
$876
$831
$727
$777
-11.3%
Properties Sold .......................................................
28
16
22
21
-25.0%
Properties Pending Sale .......................................
18
25
21
30
66.7%
Properties For Sale ................................................
130
143
168
173
33.1%
Days on Market (Pending Sale) ...........................
165
86
92
101
-38.8%
Month’s Supply of Inventory ................................
4.6
8.9
7.6
8.2
77.4%
Percent Under Contract ........................................
13.8%
17.5%
12.5%
17.3%
25.2%
Average Median Price for Last 12 Months ........
$1,429,679
$1,244,083
$1,269,667
$1,336,704
-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 $1.606
OCT NOV
$1,284,000
DEC JAN
MEDIAN SALES PRICE
FEB
$777
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.284 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Carmel Valley DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$870,000
$1,100,000
$698,388
$716,910
-17.6%
Average Price per Square Foot ...........................
$408
$441
$485
$340
-16.7%
Properties Sold .......................................................
7
6
10
6
-14.3%
Properties Pending Sale .......................................
6
13
12
8
33.3%
Properties For Sale ................................................
90
76
66
70
-22.2%
Days on Market (Pending Sale) ...........................
67
258
119
80
19.4%
Month’s Supply of Inventory ................................
12.9
12.7
6.6
11.7
-9.3%
Percent Under Contract ........................................
6.7%
17.1%
18.2%
11.4%
71.4%
Average Median Price for Last 12 Months ........
$1,010,854
$899,341
$899,803
$912,081
-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 OCT
$870
NOV
$716,910
DEC JAN
MEDIAN SALES PRICE
FEB
$340
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$716 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Marina DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$409,500
$427,500
$453,500
$447,500
9.3%
Average Price per Square Foot ...........................
$292
$313
$274
$278
-4.8%
Properties Sold .......................................................
10
12
10
12
20.0%
Properties Pending Sale .......................................
11
10
14
14
27.3%
Properties For Sale ................................................
39
21
23
32
-17.9%
Days on Market (Pending Sale) ...........................
67
61
32
34
-49.3%
Month’s Supply of Inventory ................................
3.9
1.8
2.3
2.7
-31.6%
Percent Under Contract ........................................
28.2%
47.6%
60.9%
43.8%
55.1%
Average Median Price for Last 12 Months ........
$427,887
$451,908
$458,650
$437,988
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 OCT
$409
NOV
$447,500
DEC JAN
MEDIAN SALES PRICE
FEB
$278
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$447 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Monterey DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$763,800
$712,000
$820,000
$644,500
-15.6%
Average Price per Square Foot ...........................
$446
$769
$408
$487
9.2%
Properties Sold .......................................................
22
22
35
24
9.1%
Properties Pending Sale .......................................
16
27
17
29
81.2%
Properties For Sale ................................................
128
89
96
102
-20.3%
Days on Market (Pending Sale) ...........................
113
57
74
76
-32.7%
Month’s Supply of Inventory ................................
5.8
4
2.7
4.2
-27.0%
Percent Under Contract ........................................
12.5%
30.3%
17.7%
28.4%
127.5%
Average Median Price for Last 12 Months ........
$678,233
$718,250
$696,500
$689,004
1.6%
*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 $763
OCT NOV
$644,500
DEC JAN
MEDIAN SALES PRICE
FEB
$487
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$644 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Pacific Grove DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$705,000
$727,500
$685,000
$860,000
22.0%
Average Price per Square Foot ...........................
$526
$482
$603
$560
6.5%
Properties Sold .......................................................
18
11
21
13
-27.8%
Properties Pending Sale .......................................
13
21
14
10
-23.1%
Properties For Sale ................................................
62
57
64
61
-1.6%
Days on Market (Pending Sale) ...........................
53
48
47
79
49.1%
Month’s Supply of Inventory ................................
3.4
5.2
3
4.7
36.2%
Percent Under Contract ........................................
21.0%
36.8%
21.9%
16.4%
-21.8%
Average Median Price for Last 12 Months ........
$729,954
$793,083
$819,500
$782,192
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$705
NOV
$860,000
DEC JAN
MEDIAN SALES PRICE
FEB
$560
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Pebble Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,287,500
$1,340,000
$1,125,000
$1,675,000
30.1%
Average Price per Square Foot ...........................
$1,423
$555
$688
$711
-50.0%
Properties Sold .......................................................
16
11
12
17
6.2%
Properties Pending Sale .......................................
9
9
8
12
33.3%
Properties For Sale ................................................
83
73
89
87
4.8%
Days on Market (Pending Sale) ...........................
135
101
253
60
-55.6%
Month’s Supply of Inventory ................................
5.2
6.6
7.4
5.1
-1.3%
Percent Under Contract ........................................
10.8%
12.3%
9.0%
13.8%
27.2%
Average Median Price for Last 12 Months ........
$1,482,060
$1,713,917
$1,822,500
$1,556,558
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 OCT
$1.287
NOV
$1,675,000
DEC JAN
MEDIAN SALES PRICE
FEB
$711
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Salinas DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$387,500
$415,000
$411,450
$400,000
3.2%
Average Price per Square Foot ...........................
$237
$266
$255
$267
12.7%
Properties Sold .......................................................
70
53
74
55
-21.4%
Properties Pending Sale .......................................
54
89
63
67
24.1%
Properties For Sale ................................................
263
223
224
222
-15.6%
Days on Market (Pending Sale) ...........................
46
42
45
51
10.9%
Month’s Supply of Inventory ................................
3.8
4.2
3
4
7.4%
Percent Under Contract ........................................
20.5%
39.9%
28.1%
30.2%
47.0%
Average Median Price for Last 12 Months ........
$382,979
$413,021
$411,667
$409,756
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 OCT
$387
NOV
$400,000
DEC JAN
MEDIAN SALES PRICE
FEB
$267
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Seaside DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$370,000
$371,500
$445,000
$399,000
7.8%
Average Price per Square Foot ...........................
$279
$302
$310
$333
19.4%
Properties Sold .......................................................
15
19
21
19
26.7%
Properties Pending Sale .......................................
12
19
15
17
41.7%
Properties For Sale ................................................
69
37
43
40
-42.0%
Days on Market (Pending Sale) ...........................
79
55
17
70
-11.4%
Month’s Supply of Inventory ................................
4.6
1.9
2
2.1
-54.2%
Percent Under Contract ........................................
17.4%
51.4%
34.9%
42.5%
144.4%
Average Median Price for Last 12 Months ........
$351,711
$415,917
$408,833
$386,308
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 OCT
$370
NOV
$399,000
DEC JAN
MEDIAN SALES PRICE
FEB
$333
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$399 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : October 2015
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : October 2015
telesproperties.com
San Diego County DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$490,000
$517,500
$549,250
$525,000
7.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1957
2357
2468
1836
-6.2%
Properties Pending Sale .......................................
1905
2390
2243
2098
10.1%
Properties For Sale ................................................
9,766
8,609
9,170
8,177
-16.3%
Days on Market (Pending Sale) ...........................
54
44
39
48
-11.1%
Month’s Supply of Inventory ................................
5
3.7
3.7
4.5
-10.8%
Percent Under Contract ........................................
19.5%
27.8%
24.5%
25.7%
31.5%
Average Median Price for Last 12 Months ........
$490,100
$534,042
$528,333
$515,135
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 OCT
$490
NOV
$525,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Carlsbad DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$815,000
$782,500
$821,500
$880,000
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
99
106
138
89
-10.1%
Properties Pending Sale .......................................
84
122
102
79
-6.0%
Properties For Sale ................................................
413
387
466
345
-16.5%
Days on Market (Pending Sale) ...........................
68
43
32
40
-41.2%
Month’s Supply of Inventory ................................
4.2
3.7
3.4
3.9
-7.1%
Percent Under Contract ........................................
20.3%
31.5%
21.9%
22.9%
12.6%
Average Median Price for Last 12 Months ........
$778,562
$837,792
$837,583
$814,712
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 OCT
$815
NOV
$880,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Carmel Valley DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$982,500
$1,130,000
$1,200,000
$1,165,000
18.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
39
45
51
33
-15.4%
Properties Pending Sale .......................................
35
46
47
44
25.7%
Properties For Sale ................................................
157
183
223
207
31.8%
Days on Market (Pending Sale) ...........................
59
23
45
49
-16.9%
Month’s Supply of Inventory ................................
4
4.1
4.4
6.3
55.8%
Percent Under Contract ........................................
22.3%
25.1%
21.1%
21.3%
-4.7%
Average Median Price for Last 12 Months ........
$1,083,146
$1,170,583
$1,125,500
$1,134,962
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 OCT
$982
NOV
$1,165,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Chula Vista DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$451,500
$460,000
$495,000
$489,910
8.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
163
169
198
136
-16.6%
Properties Pending Sale .......................................
149
156
175
174
16.8%
Properties For Sale ................................................
575
550
586
539
-6.3%
Days on Market (Pending Sale) ...........................
51
43
42
52
2.0%
Month’s Supply of Inventory ................................
3.5
3.3
3
4
12.3%
Percent Under Contract ........................................
25.9%
28.4%
29.9%
32.3%
24.6%
Average Median Price for Last 12 Months ........
$444,529
$484,152
$484,970
$465,120
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 OCT
$451
NOV
$489,910
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$489 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Coronado DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,537,500
$1,660,000
$2,175,000
$1,500,800
-2.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
17
12
16
33.3%
Properties Pending Sale .......................................
7
19
14
10
42.9%
Properties For Sale ................................................
99
115
128
117
18.2%
Days on Market (Pending Sale) ...........................
73
83
142
203
178.1%
Month’s Supply of Inventory ................................
8.2
6.8
10.7
7.3
-11.4%
Percent Under Contract ........................................
7.1%
16.5%
10.9%
8.5%
20.9%
Average Median Price for Last 12 Months ........
$1,554,938
$1,791,050
$1,686,933
$1,686,331
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 OCT
$1.537
NOV
$1,500,800
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Del Mar DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,545,700
$1,700,000
$1,407,500
$1,901,250
23.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
15
19
10
12
-20.0%
Properties Pending Sale .......................................
18
13
16
14
-22.2%
Properties For Sale ................................................
117
85
90
82
-29.9%
Days on Market (Pending Sale) ...........................
48
58
36
65
35.4%
Month’s Supply of Inventory ................................
7.8
4.5
9
6.8
-12.4%
Percent Under Contract ........................................
15.4%
15.3%
17.8%
17.1%
11.0%
Average Median Price for Last 12 Months ........
$1,628,785
$1,894,396
$2,039,375
$1,681,121
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 OCT
$1.545
NOV
$1,901,250
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.901 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
El Cajon DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$420,000
$441,500
$440,000
$469,000
11.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
99
136
113
91
-8.1%
Properties Pending Sale .......................................
106
118
121
105
-0.9%
Properties For Sale ................................................
497
382
415
356
-28.4%
Days on Market (Pending Sale) ...........................
59
49
33
45
-23.7%
Month’s Supply of Inventory ................................
5
2.8
3.7
3.9
-22.1%
Percent Under Contract ........................................
21.3%
30.9%
29.2%
29.5%
38.3%
Average Median Price for Last 12 Months ........
$411,395
$461,500
$472,167
$447,269
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 OCT
$420
NOV
$469,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Encinitas DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,018,325
$1,100,000
$1,022,500
$904,500
-11.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
32
41
54
30
-6.2%
Properties Pending Sale .......................................
31
47
48
35
12.9%
Properties For Sale ................................................
194
152
183
158
-18.6%
Days on Market (Pending Sale) ...........................
61
48
38
46
-24.6%
Month’s Supply of Inventory ................................
6.1
3.7
3.4
5.3
-13.1%
Percent Under Contract ........................................
16.0%
30.9%
26.2%
22.2%
38.6%
Average Median Price for Last 12 Months ........
$930,845
$1,119,967
$1,094,100
$1,092,014
14.8%
*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 OCT
$1.018
NOV
$904,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$904 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Escondido DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$429,950
$460,000
$479,000
$460,000
7.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
124
162
181
123
-0.8%
Properties Pending Sale .......................................
128
150
157
129
0.8%
Properties For Sale ................................................
638
564
594
501
-21.5%
Days on Market (Pending Sale) ...........................
58
46
38
43
-25.9%
Month’s Supply of Inventory ................................
5.1
3.5
3.3
4.1
-20.8%
Percent Under Contract ........................................
20.1%
26.6%
26.4%
25.7%
28.3%
Average Median Price for Last 12 Months ........
$424,829
$462,133
$460,000
$448,481
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$429
NOV
$460,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$460 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Imperial-Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$421,000
$485,000
$441,250
$445,000
5.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
10
8
13
8.3%
Properties Pending Sale .......................................
6
15
11
16
166.7%
Properties For Sale ................................................
29
34
38
32
10.3%
Days on Market (Pending Sale) ...........................
22
35
49
38
72.7%
Month’s Supply of Inventory ................................
2.4
3.4
4.8
2.5
1.9%
Percent Under Contract ........................................
20.7%
44.1%
28.9%
50.0%
141.7%
Average Median Price for Last 12 Months ........
$395,148
$438,792
$436,333
$444,135
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 OCT
$421
NOV
$445,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$445 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
La Jolla DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,766,250
$1,760,000
$1,950,000
$1,830,000
3.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
24
33
25
23
-4.2%
Properties Pending Sale .......................................
31
33
38
26
-16.1%
Properties For Sale ................................................
265
239
268
260
-1.9%
Days on Market (Pending Sale) ...........................
98
62
78
76
-22.4%
Month’s Supply of Inventory ................................
11
7.2
10.7
11.3
2.4%
Percent Under Contract ........................................
11.7%
13.8%
14.2%
10.0%
-14.5%
Average Median Price for Last 12 Months ........
$1,728,229
$1,828,885
$1,831,937
$1,779,986
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 OCT
$1.766
NOV
$1,830,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.830 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 : October 2015
telesproperties.com
La Mesa DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$465,000
$503,300
$450,214
$500,000
7.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
57
66
49
53
-7.0%
Properties Pending Sale .......................................
63
71
63
50
-20.6%
Properties For Sale ................................................
261
186
217
174
-33.3%
Days on Market (Pending Sale) ...........................
35
44
48
47
34.3%
Month’s Supply of Inventory ................................
4.1
2.6
3.4
3.3
-20.8%
Percent Under Contract ........................................
24.1%
38.2%
29.0%
28.7%
19.0%
Average Median Price for Last 12 Months ........
$460,038
$485,326
$495,581
$474,674
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 OCT
$465
NOV
$500,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Lemon Grove DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$342,250
$384,000
$378,750
$341,000
-0.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
22
20
21
-4.5%
Properties Pending Sale .......................................
26
21
25
27
3.8%
Properties For Sale ................................................
82
60
61
59
-28.0%
Days on Market (Pending Sale) ...........................
52
48
34
27
-48.1%
Month’s Supply of Inventory ................................
3.2
2.9
2.4
2.8
-10.9%
Percent Under Contract ........................................
31.7%
35.0%
41.0%
45.8%
44.3%
Average Median Price for Last 12 Months ........
$337,417
$370,792
$362,000
$368,112
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 OCT
$342
NOV
$341,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$341 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
National City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$305,000
$322,500
$353,000
$331,000
8.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
11
22
13
16
45.5%
Properties Pending Sale .......................................
15
17
17
29
93.3%
Properties For Sale ................................................
76
60
54
52
-31.6%
Days on Market (Pending Sale) ...........................
54
39
26
32
-40.7%
Month’s Supply of Inventory ................................
5.1
3.5
3.2
3.2
-35.9%
Percent Under Contract ........................................
19.7%
28.3%
31.5%
55.8%
182.6%
Average Median Price for Last 12 Months ........
$303,938
$348,167
$353,667
$331,608
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 OCT
$305
NOV
$331,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$331 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Oceanside DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$430,000
$470,000
$470,000
$472,500
9.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
125
131
166
99
-20.8%
Properties Pending Sale .......................................
117
154
142
135
15.4%
Properties For Sale ................................................
509
481
458
387
-24.0%
Days on Market (Pending Sale) ...........................
53
35
33
41
-22.6%
Month’s Supply of Inventory ................................
4.1
3.7
2.8
3.9
-4.0%
Percent Under Contract ........................................
23.0%
32.0%
31.0%
34.9%
51.8%
Average Median Price for Last 12 Months ........
$864,810
$474,758
$473,000
$462,342
-87.0%
*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 OCT
$430
NOV
$472,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$472 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Poway DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$555,000
$640,000
$620,000
$596,500
7.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
42
54
59
24
-42.9%
Properties Pending Sale .......................................
41
46
54
36
-12.2%
Properties For Sale ................................................
209
208
211
191
-8.6%
Days on Market (Pending Sale) ...........................
51
39
39
38
-25.5%
Month’s Supply of Inventory ................................
5
3.9
3.6
8
59.9%
Percent Under Contract ........................................
19.6%
22.1%
25.6%
18.8%
-3.9%
Average Median Price for Last 12 Months ........
$609,625
$657,000
$657,167
$631,673
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 OCT
$555
NOV
$596,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$596 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Rancho Bernardo DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$710,000
$705,000
$708,000
$682,000
-3.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
95
119
111
83
-12.6%
Properties Pending Sale .......................................
77
127
95
92
19.5%
Properties For Sale ................................................
422
380
434
394
-6.6%
Days on Market (Pending Sale) ...........................
48
31
36
43
-10.4%
Month’s Supply of Inventory ................................
4.4
3.2
3.9
4.7
6.9%
Percent Under Contract ........................................
18.2%
33.4%
21.9%
23.4%
28.0%
Average Median Price for Last 12 Months ........
$688,483
$719,250
$724,000
$712,492
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 OCT
$710
NOV
$682,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
San Marcos DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$507,500
$599,900
$575,000
$570,000
12.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
55
77
95
53
-3.6%
Properties Pending Sale .......................................
54
99
88
64
18.5%
Properties For Sale ................................................
276
273
309
228
-17.4%
Days on Market (Pending Sale) ...........................
45
28
34
41
-8.9%
Month’s Supply of Inventory ................................
5
3.5
3.3
4.3
-14.3%
Percent Under Contract ........................................
19.6%
36.3%
28.5%
28.1%
43.5%
Average Median Price for Last 12 Months ........
$542,562
$577,742
$565,233
$565,508
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 OCT
$507
NOV
$570,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santee DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$400,000
$435,000
$434,500
$455,000
13.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
40
49
48
37
-7.5%
Properties Pending Sale .......................................
39
42
35
42
7.7%
Properties For Sale ................................................
138
96
97
102
-26.1%
Days on Market (Pending Sale) ...........................
45
26
16
45
0.0%
Month’s Supply of Inventory ................................
3.4
2
2
2.8
-20.1%
Percent Under Contract ........................................
28.3%
43.8%
36.1%
41.2%
45.7%
Average Median Price for Last 12 Months ........
$410,240
$444,708
$447,917
$428,481
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$400
NOV
$455,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Solana Beach DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,069,000
$2,720,000
$1,770,000
$1,100,000
2.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
7
6
9
3
-57.1%
Properties Pending Sale .......................................
9
7
12
5
-44.4%
Properties For Sale ................................................
47
30
40
42
-10.6%
Days on Market (Pending Sale) ...........................
51
35
30
28
-45.1%
Month’s Supply of Inventory ................................
6.7
5
4.4
14
108.5%
Percent Under Contract ........................................
19.1%
23.3%
30.0%
11.9%
-37.8%
Average Median Price for Last 12 Months ........
$1,387,338
$1,429,500
$1,204,167
$1,482,044
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 OCT
$1.069
NOV
$1,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Vista DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$436,000
$434,900
$474,500
$471,000
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
83
95
92
82
-1.2%
Properties Pending Sale .......................................
71
92
82
76
7.0%
Properties For Sale ................................................
403
340
279
257
-36.2%
Days on Market (Pending Sale) ...........................
46
36
42
52
13.0%
Month’s Supply of Inventory ................................
4.9
3.6
3
3.1
-35.5%
Percent Under Contract ........................................
17.6%
27.1%
29.4%
29.6%
67.9%
Average Median Price for Last 12 Months ........
$424,303
$476,878
$477,423
$450,859
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 OCT
$436
NOV
$471,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$471 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : October 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : October 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$610,000
$617,500
$670,000
$750,000
23.0%
Average Price per Square Foot ...........................
$474
$500
$521
$548
15.6%
Properties Sold .......................................................
6
10
12
11
83.3%
Properties Pending Sale .......................................
6
12
13
9
50.0%
Properties For Sale ................................................
30
34
40
37
23.3%
Days on Market (Pending Sale) ...........................
36
11
31
36
0.0%
Month’s Supply of Inventory ................................
5
3.4
3.3
3.4
-32.7%
Percent Under Contract ........................................
20.0%
35.3%
32.5%
24.3%
21.6%
Average Median Price for Last 12 Months ........
$634,958
$717,500
$778,000
$692,631
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 OCT
$610
NOV
$750,000
DEC JAN
MEDIAN SALES PRICE
FEB
$548
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Beverly Hills DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,412,500
$977,500
$1,130,000
$1,750,000
23.9%
Average Price per Square Foot ...........................
$622
$567
$568
$886
42.4%
Properties Sold .......................................................
6
12
12
8
33.3%
Properties Pending Sale .......................................
8
14
15
10
25.0%
Properties For Sale ................................................
53
55
61
54
1.9%
Days on Market (Pending Sale) ...........................
67
83
54
83
23.9%
Month’s Supply of Inventory ................................
8.8
4.6
5.1
6.8
-23.6%
Percent Under Contract ........................................
15.1%
25.5%
24.6%
18.5%
22.7%
Average Median Price for Last 12 Months ........
$1,047,203
$1,223,333
$1,346,667
$1,146,414
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 OCT
$1.412
NOV
$1,750,000
DEC JAN
MEDIAN SALES PRICE
FEB
$886
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Brentwood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$770,000
$789,000
$785,500
$770,000
0.0%
Average Price per Square Foot ...........................
$532
$565
$559
$603
13.3%
Properties Sold .......................................................
19
23
28
25
31.6%
Properties Pending Sale .......................................
19
23
17
17
-10.5%
Properties For Sale ................................................
89
74
87
81
-9.0%
Days on Market (Pending Sale) ...........................
84
69
36
39
-53.6%
Month’s Supply of Inventory ................................
4.7
3.2
3.1
3.2
-30.8%
Percent Under Contract ........................................
21.3%
31.1%
19.5%
21.0%
-1.7%
Average Median Price for Last 12 Months ........
$703,498
$764,250
$741,333
$741,338
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 OCT
$770
NOV
$770,000
DEC JAN
MEDIAN SALES PRICE
FEB
$603
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Culver City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$410,000
$445,000
$462,500
$437,500
6.7%
Average Price per Square Foot ...........................
$424
$430
$421
$446
5.2%
Properties Sold .......................................................
13
23
18
18
38.5%
Properties Pending Sale .......................................
18
23
21
25
38.9%
Properties For Sale ................................................
50
47
53
44
-12.0%
Days on Market (Pending Sale) ...........................
20
34
17
45
125.0%
Month’s Supply of Inventory ................................
3.8
2
2.9
2.4
-36.4%
Percent Under Contract ........................................
36.0%
48.9%
39.6%
56.8%
57.8%
Average Median Price for Last 12 Months ........
$391,875
$447,083
$434,167
$430,654
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$410
NOV
$437,500
DEC JAN
MEDIAN SALES PRICE
FEB
$446
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$437 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Encino DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$354,000
$335,000
$327,000
$338,000
-4.5%
Average Price per Square Foot ...........................
$286
$272
$289
$285
-0.3%
Properties Sold .......................................................
14
14
23
22
57.1%
Properties Pending Sale .......................................
20
14
14
24
20.0%
Properties For Sale ................................................
48
31
45
29
-39.6%
Days on Market (Pending Sale) ...........................
77
75
59
76
-1.3%
Month’s Supply of Inventory ................................
3.4
2.2
2
1.3
-61.6%
Percent Under Contract ........................................
41.7%
45.2%
31.1%
82.8%
98.6%
Average Median Price for Last 12 Months ........
$298,667
$318,833
$303,000
$320,000
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 OCT
$354
NOV
$338,000
DEC JAN
MEDIAN SALES PRICE
FEB
$285
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$338 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Malibu DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,290,000
$640,000
$897,000
$555,194
-57.0%
Average Price per Square Foot ...........................
$643
$416
$613
$527
-18.0%
Properties Sold .......................................................
2
1
6
3
50.0%
Properties Pending Sale .......................................
5
3
5
2
-60.0%
Properties For Sale ................................................
24
29
36
21
-12.5%
Days on Market (Pending Sale) ...........................
82
62
83
90
9.8%
Month’s Supply of Inventory ................................
12
29
6
7
-41.7%
Percent Under Contract ........................................
20.8%
10.3%
13.9%
9.5%
-54.3%
Average Median Price for Last 12 Months ........
$1,045,273
$614,199
$556,065
$798,092
-23.6%
*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 $1.290
OCT NOV
$555,194
DEC JAN
MEDIAN SALES PRICE
FEB
$527
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Marina Del Rey DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$758,750
$905,000
$861,000
$962,000
26.8%
Average Price per Square Foot ...........................
$587
$657
$621
$692
17.9%
Properties Sold .......................................................
28
21
31
19
-32.1%
Properties Pending Sale .......................................
29
26
25
20
-31.0%
Properties For Sale ................................................
112
109
105
91
-18.8%
Days on Market (Pending Sale) ...........................
72
110
59
43
-40.3%
Month’s Supply of Inventory ................................
4
5.2
3.4
4.8
19.7%
Percent Under Contract ........................................
25.9%
23.9%
23.8%
22.0%
-15.1%
Average Median Price for Last 12 Months ........
$782,779
$874,952
$914,570
$854,420
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 OCT
$758
NOV
$962,000
DEC JAN
MEDIAN SALES PRICE
FEB
$692
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$962 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Santa Monica DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$925,000
$1,280,000
$919,000
$1,115,000
20.5%
Average Price per Square Foot ...........................
$819
$1,030
$820
$834
1.8%
Properties Sold .......................................................
56
26
43
27
-51.8%
Properties Pending Sale .......................................
41
42
54
29
-29.3%
Properties For Sale ................................................
156
131
165
110
-29.5%
Days on Market (Pending Sale) ...........................
40
50
44
92
130.0%
Month’s Supply of Inventory ................................
2.8
5
3.8
4.1
46.2%
Percent Under Contract ........................................
26.3%
32.1%
32.7%
26.4%
0.3%
Average Median Price for Last 12 Months ........
$822,379
$979,542
$996,417
$965,000
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$925
NOV
$1,115,000
DEC JAN
MEDIAN SALES PRICE
FEB
$834
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Sherman Oaks DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$405,000
$420,000
$435,000
$464,000
14.6%
Average Price per Square Foot ...........................
$298
$335
$343
$341
14.4%
Properties Sold .......................................................
17
26
27
16
-5.9%
Properties Pending Sale .......................................
18
21
22
20
11.1%
Properties For Sale ................................................
59
30
40
36
-39.0%
Days on Market (Pending Sale) ...........................
53
51
54
53
0.0%
Month’s Supply of Inventory ................................
3.5
1.2
1.5
2.2
-35.2%
Percent Under Contract ........................................
30.5%
70.0%
55.0%
55.6%
82.1%
Average Median Price for Last 12 Months ........
$401,083
$438,167
$444,000
$428,308
6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$405
NOV
$464,000
DEC JAN
MEDIAN SALES PRICE
FEB
$341
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Studio City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$540,000
$547,000
$495,000
$550,000
1.9%
Average Price per Square Foot ...........................
$376
$403
$415
$399
6.1%
Properties Sold .......................................................
11
9
15
11
0.0%
Properties Pending Sale .......................................
11
14
20
13
18.2%
Properties For Sale ................................................
31
21
31
39
25.8%
Days on Market (Pending Sale) ...........................
68
62
63
68
0.0%
Month’s Supply of Inventory ................................
2.8
2.3
2.1
3.5
25.8%
Percent Under Contract ........................................
35.5%
66.7%
64.5%
33.3%
-6.1%
Average Median Price for Last 12 Months ........
$482,167
$532,500
$538,000
$528,769
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 OCT
$540
NOV
$550,000
DEC JAN
MEDIAN SALES PRICE
FEB
$399
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
Venice DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$1,050,000
$941,000
n/a
$1,212,500
15.5%
Average Price per Square Foot ...........................
$765
$997
n/a
$696
-9.0%
Properties Sold .......................................................
3
2
0
6
100.0%
Properties Pending Sale .......................................
6
5
1
2
-66.7%
Properties For Sale ................................................
32
19
19
19
-40.6%
Days on Market (Pending Sale) ...........................
76
104
75
46
-39.5%
Month’s Supply of Inventory ................................
10.7
9.5
n/a
3.2
-70.3%
Percent Under Contract ........................................
18.8%
26.3%
5.3%
10.5%
-43.9%
Average Median Price for Last 12 Months ........
$1,152,909
$1,366,700
$1,280,833
$1,156,727
0.3%
*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 OCT
$1.050
NOV
$1,212,500
DEC JAN
MEDIAN SALES PRICE
FEB
$696
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.212 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
West Hollywood DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$590,000
$594,500
$635,000
$550,000
-6.8%
Average Price per Square Foot ...........................
$548
$594
$604
$585
6.8%
Properties Sold .......................................................
29
31
33
33
13.8%
Properties Pending Sale .......................................
33
47
44
38
15.2%
Properties For Sale ................................................
154
145
142
119
-22.7%
Days on Market (Pending Sale) ...........................
46
48
54
37
-19.6%
Month’s Supply of Inventory ................................
5.3
4.7
4.3
3.6
-32.1%
Percent Under Contract ........................................
21.4%
32.4%
31.0%
31.9%
49.0%
Average Median Price for Last 12 Months ........
$604,461
$594,917
$575,667
$604,962
0.1%
*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 OCT
$590
NOV
$550,000
DEC JAN
MEDIAN SALES PRICE
FEB
$585
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
West LA DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$605,500
$697,500
$766,000
$684,444
13.0%
Average Price per Square Foot ...........................
$456
$494
$498
$504
10.5%
Properties Sold .......................................................
13
18
14
13
0.0%
Properties Pending Sale .......................................
15
16
16
15
0.0%
Properties For Sale ................................................
62
47
45
45
-27.4%
Days on Market (Pending Sale) ...........................
41
36
36
28
-31.7%
Month’s Supply of Inventory ................................
4.8
2.6
3.2
3.5
-27.4%
Percent Under Contract ........................................
24.2%
34.0%
35.6%
33.3%
37.8%
Average Median Price for Last 12 Months ........
$597,509
$717,031
$719,562
$665,937
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 OCT
$605
NOV
$684,444
DEC JAN
MEDIAN SALES PRICE
FEB
$504
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2015
telesproperties.com
Westwood - Century City DATA*
Oct 2014
6 month
3 month
Oct 2015
% change
Median Price ..........................................................
$707,500
$747,500
$740,000
$699,000
-1.2%
Average Price per Square Foot ...........................
$629
$651
$642
$874
39.0%
Properties Sold .......................................................
50
58
55
43
-14.0%
Properties Pending Sale .......................................
43
60
68
51
18.6%
Properties For Sale ................................................
270
280
301
271
0.4%
Days on Market (Pending Sale) ...........................
72
59
42
59
-18.1%
Month’s Supply of Inventory ................................
5.4
4.8
5.5
6.3
16.7%
Percent Under Contract ........................................
15.9%
21.4%
22.6%
18.8%
18.2%
Average Median Price for Last 12 Months ........
$726,557
$737,583
$726,000
$752,538
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 OCT
$707
NOV
$699,000
DEC JAN
MEDIAN SALES PRICE
FEB
$874
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 : October 2015
telesproperties.com
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