micro market report luxury real estate market research October 2016 | LOS ANGELES, ORANGE, 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 2016
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : October 2016
telesproperties.com
Los Angeles County DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$539,000
$575,000
$599,000
$583,000
8.2%
Average Price per Square Foot ...........................
$423
$443
$443
$457
8.0%
Properties Sold .......................................................
4237
4251
4254
3949
-6.8%
Properties Pending Sale .......................................
4821
5160
4851
4611
-4.4%
Properties For Sale ................................................
19,144
17,601
18,640
18,435
-3.7%
Days on Market (Pending Sale) ...........................
48
40
38
43
-10.4%
Month’s Supply of Inventory ................................
4.5
4.1
4.4
4.7
3.3%
Percent Under Contract ........................................
25.2%
29.3%
26.0%
25.0%
-0.7%
Average Median Price for Last 12 Months ........
$529,229
$590,167
$585,667
$567,058
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
$539
NOV
$583,000
DEC JAN
MEDIAN SALES PRICE
FEB
$457
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$583 M E 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 2016
telesproperties.com
Bel-Air Holmby Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,800,000
$1,840,000
$2,600,000
$1,425,000
-20.8%
Average Price per Square Foot ...........................
$801
$940
$1,007
$1,983
147.6%
Properties Sold .......................................................
15
16
14
13
-13.3%
Properties Pending Sale .......................................
15
21
12
16
6.7%
Properties For Sale ................................................
126
147
156
163
29.4%
Days on Market (Pending Sale) ...........................
59
92
115
83
40.7%
Month’s Supply of Inventory ................................
8.4
9.2
11.1
12.5
49.3%
Percent Under Contract ........................................
11.9%
14.3%
7.7%
9.8%
-17.5%
Average Median Price for Last 12 Months ........
$2,139,063
$2,278,333
$1,985,000
$2,252,615
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
$1.800
NOV
$1,425,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,983
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,517,500
$1,590,000
$1,650,000
$1,600,000
5.4%
Average Price per Square Foot ...........................
$753
$743
$727
$671
-10.9%
Properties Sold .......................................................
12
19
18
15
25.0%
Properties Pending Sale .......................................
18
16
17
18
0.0%
Properties For Sale ................................................
76
77
86
97
27.6%
Days on Market (Pending Sale) ...........................
59
44
43
47
-20.3%
Month’s Supply of Inventory ................................
6.3
4.1
4.8
6.5
2.1%
Percent Under Contract ........................................
23.7%
20.8%
19.8%
18.6%
-21.6%
Average Median Price for Last 12 Months ........
$1,464,046
$1,563,750
$1,705,833
$1,515,135
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
$1.517
NOV
$1,600,000
DEC JAN
MEDIAN SALES PRICE
FEB
$671
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Beverly Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$3,092,381
$3,215,000
$5,088,500
$2,813,655
-9.0%
Average Price per Square Foot ...........................
$1,091
$1,209
$1,178
$1,239
13.6%
Properties Sold .......................................................
7
10
14
19
171.4%
Properties Pending Sale .......................................
12
14
9
15
25.0%
Properties For Sale ................................................
127
128
115
127
0.0%
Days on Market (Pending Sale) ...........................
61
46
67
47
-23.0%
Month’s Supply of Inventory ................................
18.1
12.8
8.2
6.7
-63.2%
Percent Under Contract ........................................
9.4%
10.9%
7.8%
11.8%
25.0%
Average Median Price for Last 12 Months ........
$5,017,073
$4,431,776
$3,769,885
$4,478,080
-12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$3.092
NOV
$2,813,655
DEC JAN
MEDIAN SALES PRICE
FEB
$1,239
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.813 M E 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 2016
telesproperties.com
Beverly Hills- Post Office DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,930,000
$2,575,000
$4,917,500
$3,000,000
2.4%
Average Price per Square Foot ...........................
$1,090
$718
$785
$879
-19.4%
Properties Sold .......................................................
18
11
10
13
-27.8%
Properties Pending Sale .......................................
17
14
16
12
-29.4%
Properties For Sale ................................................
160
154
190
195
21.9%
Days on Market (Pending Sale) ...........................
67
75
67
77
14.9%
Month’s Supply of Inventory ................................
8.9
14
19
15
68.8%
Percent Under Contract ........................................
10.6%
9.1%
8.4%
6.2%
-42.1%
Average Median Price for Last 12 Months ........
$2,591,000
$2,878,050
$2,629,433
$2,853,908
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
$2.930
NOV
$3,000,000
DEC JAN
MEDIAN SALES PRICE
FEB
$879
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
15 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.000 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 2016
telesproperties.com
Beverlywood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,135,500
$1,160,000
$1,320,000
$1,314,000
15.7%
Average Price per Square Foot ...........................
$657
$695
$699
$624
-5.0%
Properties Sold .......................................................
14
17
16
10
-28.6%
Properties Pending Sale .......................................
9
22
23
16
77.8%
Properties For Sale ................................................
68
75
81
60
-11.8%
Days on Market (Pending Sale) ...........................
29
35
33
36
24.1%
Month’s Supply of Inventory ................................
4.9
4.4
5.1
6
23.5%
Percent Under Contract ........................................
13.2%
29.3%
28.4%
26.7%
101.5%
Average Median Price for Last 12 Months ........
$1,011,260
$1,258,379
$1,248,417
$1,176,066
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.135
NOV
$1,314,000
DEC JAN
MEDIAN SALES PRICE
FEB
$624
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.314 M E 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 2016
telesproperties.com
Brentwood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,689,375
$2,496,500
$3,950,000
$2,720,000
1.1%
Average Price per Square Foot ...........................
$1,068
$1,240
$999
$1,039
-2.7%
Properties Sold .......................................................
17
22
15
19
11.8%
Properties Pending Sale .......................................
21
29
27
25
19.0%
Properties For Sale ................................................
144
156
162
160
11.1%
Days on Market (Pending Sale) ...........................
61
54
52
67
9.8%
Month’s Supply of Inventory ................................
8.5
7.1
10.8
8.4
-0.6%
Percent Under Contract ........................................
14.6%
18.6%
16.7%
15.6%
7.1%
Average Median Price for Last 12 Months ........
$2,773,031
$3,072,667
$2,621,667
$2,958,317
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
$2.689
NOV
$2,720,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,039
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,900,000
$2,305,000
$3,175,000
$1,160,000
-38.9%
Average Price per Square Foot ...........................
$779
$714
$760
$718
-7.8%
Properties Sold .......................................................
2
6
7
3
50.0%
Properties Pending Sale .......................................
8
8
11
9
12.5%
Properties For Sale ................................................
29
28
35
33
13.8%
Days on Market (Pending Sale) ...........................
51
46
22
59
15.7%
Month’s Supply of Inventory ................................
14.5
4.7
5
11
-24.1%
Percent Under Contract ........................................
27.6%
28.6%
31.4%
27.3%
-1.1%
Average Median Price for Last 12 Months ........
$1,716,340
$2,102,500
$1,716,667
$1,878,087
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.900
OCT NOV
$1,160,000
DEC JAN
MEDIAN SALES PRICE
FEB
$718
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.160 M E 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 2016
telesproperties.com
Culver City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,050,000
$1,200,000
$1,117,750
$1,100,000
4.8%
Average Price per Square Foot ...........................
$634
$666
$699
$660
4.1%
Properties Sold .......................................................
20
27
20
13
-35.0%
Properties Pending Sale .......................................
21
27
18
16
-23.8%
Properties For Sale ................................................
71
64
64
49
-31.0%
Days on Market (Pending Sale) ...........................
67
22
29
36
-46.3%
Month’s Supply of Inventory ................................
3.6
2.4
3.2
3.8
6.2%
Percent Under Contract ........................................
29.6%
42.2%
28.1%
32.7%
10.4%
Average Median Price for Last 12 Months ........
$991,909
$1,116,125
$1,100,000
$1,085,750
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.050
NOV
$1,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$660
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 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 2016
telesproperties.com
Downtown DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$301,500
$269,625
$362,500
$320,000
6.1%
Average Price per Square Foot ...........................
$239
$242
$270
$253
5.9%
Properties Sold .......................................................
8
8
6
12
50.0%
Properties Pending Sale .......................................
11
14
9
8
-27.3%
Properties For Sale ................................................
66
54
47
43
-34.8%
Days on Market (Pending Sale) ...........................
91
41
32
28
-69.2%
Month’s Supply of Inventory ................................
8.2
6.8
7.8
3.6
-56.6%
Percent Under Contract ........................................
16.7%
25.9%
19.1%
18.6%
11.6%
Average Median Price for Last 12 Months ........
$287,969
$334,917
$300,667
$325,617
11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$301
NOV
$320,000
DEC JAN
MEDIAN SALES PRICE
FEB
$253
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$320 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Hancock Park - Wilshire DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,355,000
$1,480,000
$1,475,000
$1,765,000
30.3%
Average Price per Square Foot ...........................
$686
$624
$673
$764
11.4%
Properties Sold .......................................................
33
29
24
19
-42.4%
Properties Pending Sale .......................................
29
27
27
27
-6.9%
Properties For Sale ................................................
149
112
122
136
-8.7%
Days on Market (Pending Sale) ...........................
58
43
50
48
-17.2%
Month’s Supply of Inventory ................................
4.5
3.9
5.1
7.2
58.5%
Percent Under Contract ........................................
19.5%
24.1%
22.1%
19.9%
2.0%
Average Median Price for Last 12 Months ........
$1,332,833
$1,553,604
$1,534,875
$1,513,620
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.355
NOV
$1,765,000
DEC JAN
MEDIAN SALES PRICE
FEB
$764
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Hollywood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$799,900
$2,300,000
$872,000
$1,425,000
78.1%
Average Price per Square Foot ...........................
$660
$769
$537
$685
3.8%
Properties Sold .......................................................
5
3
8
11
120.0%
Properties Pending Sale .......................................
4
9
3
12
200.0%
Properties For Sale ................................................
51
40
32
44
-13.7%
Days on Market (Pending Sale) ...........................
97
36
28
11
-88.7%
Month’s Supply of Inventory ................................
10.2
13.3
4
4
-60.8%
Percent Under Contract ........................................
7.8%
22.5%
9.4%
27.3%
247.7%
Average Median Price for Last 12 Months ........
$816,855
$923,333
$1,010,000
$1,007,758
18.9%
*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
$799
NOV
$1,425,000
DEC JAN
MEDIAN SALES PRICE
FEB
$685
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Hollywood Hills East DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,223,000
$1,375,582
$2,562,500
$1,034,995
-15.4%
Average Price per Square Foot ...........................
$540
$669
$548
$659
22.0%
Properties Sold .......................................................
14
10
4
6
-57.1%
Properties Pending Sale .......................................
11
16
9
20
81.8%
Properties For Sale ................................................
81
70
63
94
16.0%
Days on Market (Pending Sale) ...........................
68
53
28
55
-19.1%
Month’s Supply of Inventory ................................
7.4
4.4
7
15.7
112.8%
Percent Under Contract ........................................
13.6%
22.9%
14.3%
21.3%
56.7%
Average Median Price for Last 12 Months ........
$1,207,559
$1,564,778
$1,395,915
$1,385,451
12.8%
*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
$1.223
NOV
$1,034,995
DEC JAN
MEDIAN SALES PRICE
FEB
$659
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
15.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.034 M E 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 2016
telesproperties.com
Laurel Canyon DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,550,000
$1,312,500
$1,570,000
$2,172,000
40.1%
Average Price per Square Foot ...........................
$774
$759
$767
$812
4.9%
Properties Sold .......................................................
23
18
25
15
-34.8%
Properties Pending Sale .......................................
37
28
25
22
-40.5%
Properties For Sale ................................................
167
146
185
195
16.8%
Days on Market (Pending Sale) ...........................
40
35
51
43
7.5%
Month’s Supply of Inventory ................................
4.5
5.2
7.4
8.9
96.4%
Percent Under Contract ........................................
22.2%
19.2%
13.5%
11.3%
-49.1%
Average Median Price for Last 12 Months ........
$1,468,557
$1,696,964
$1,804,428
$1,575,065
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
$1.550
NOV
$2,172,000
DEC JAN
MEDIAN SALES PRICE
FEB
$812
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.172 M E 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 2016
telesproperties.com
Los Feliz DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,998,700
$1,575,000
$1,325,000
$1,825,500
-8.7%
Average Price per Square Foot ...........................
$770
$618
$660
$555
-27.9%
Properties Sold .......................................................
12
17
15
14
16.7%
Properties Pending Sale .......................................
21
19
19
16
-23.8%
Properties For Sale ................................................
114
70
90
107
-6.1%
Days on Market (Pending Sale) ...........................
49
37
74
79
61.2%
Month’s Supply of Inventory ................................
5.4
3.7
4.7
7.6
40.8%
Percent Under Contract ........................................
18.4%
27.1%
21.1%
15.0%
-18.8%
Average Median Price for Last 12 Months ........
$1,433,304
$1,547,250
$1,715,167
$1,598,050
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.998
NOV
$1,825,500
DEC JAN
MEDIAN SALES PRICE
FEB
$555
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.6 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 2016
telesproperties.com
Malibu DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,022,500
$1,785,000
$2,030,000
$1,829,500
-9.5%
Average Price per Square Foot ...........................
$858
$817
$696
$992
15.6%
Properties Sold .......................................................
14
14
13
14
0.0%
Properties Pending Sale .......................................
19
22
20
12
-36.8%
Properties For Sale ................................................
243
219
226
225
-7.4%
Days on Market (Pending Sale) ...........................
153
127
103
136
-11.1%
Month’s Supply of Inventory ................................
17.4
15.6
17.4
16.1
-7.4%
Percent Under Contract ........................................
7.8%
10.0%
8.8%
5.3%
-31.8%
Average Median Price for Last 12 Months ........
$2,258,423
$2,513,250
$2,333,167
$2,332,235
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
$2.022
NOV
$1,829,500
DEC JAN
MEDIAN SALES PRICE
FEB
$992
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
16.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.829 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Malibu Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,805,000
$5,050,000
$2,611,500
$3,850,000
37.3%
Average Price per Square Foot ...........................
$1,171
$2,152
$1,302
$2,832
141.8%
Properties Sold .......................................................
6
4
2
3
-50.0%
Properties Pending Sale .......................................
4
3
7
1
-75.0%
Properties For Sale ................................................
81
87
101
79
-2.5%
Days on Market (Pending Sale) ...........................
235
133
88
188
-20.0%
Month’s Supply of Inventory ................................
13.5
21.8
50.5
26.3
95.1%
Percent Under Contract ........................................
4.9%
3.4%
6.9%
1.3%
-74.4%
Average Median Price for Last 12 Months ........
$5,276,667
$5,743,167
$5,083,333
$6,653,000
20.7%
*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
$2.805
NOV
$3,850,000
DEC JAN
MEDIAN SALES PRICE
FEB
$2,832
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
26.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.850 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 2016
telesproperties.com
Marina Del Rey DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,165,000
$1,055,000
$3,450,000
$1,487,525
-31.3%
Average Price per Square Foot ...........................
$618
$853
$818
$779
26.1%
Properties Sold .......................................................
5
8
1
5
0.0%
Properties Pending Sale .......................................
6
6
5
7
16.7%
Properties For Sale ................................................
33
34
29
27
-18.2%
Days on Market (Pending Sale) ...........................
73
70
58
19
-74.0%
Month’s Supply of Inventory ................................
6.6
4.2
29
5.4
-18.2%
Percent Under Contract ........................................
18.2%
17.6%
17.2%
25.9%
42.6%
Average Median Price for Last 12 Months ........
$1,628,423
$1,644,588
$1,371,675
$1,535,810
-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 $2.165
OCT NOV
$1,487,525
DEC JAN
MEDIAN SALES PRICE
FEB
$779
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Mid Los Angeles DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$550,000
$650,000
$705,000
$610,250
11.0%
Average Price per Square Foot ...........................
$371
$339
$394
$415
11.9%
Properties Sold .......................................................
31
27
43
34
9.7%
Properties Pending Sale .......................................
37
52
32
39
5.4%
Properties For Sale ................................................
160
150
127
142
-11.2%
Days on Market (Pending Sale) ...........................
45
54
24
51
13.3%
Month’s Supply of Inventory ................................
5.2
5.6
3
4.2
-19.1%
Percent Under Contract ........................................
23.1%
34.7%
25.2%
27.5%
18.8%
Average Median Price for Last 12 Months ........
$502,833
$615,829
$605,928
$581,733
13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$550
NOV
$610,250
DEC JAN
MEDIAN SALES PRICE
FEB
$415
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
Mid Wilshire DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$675,000
$744,000
$939,500
$1,100,000
63.0%
Average Price per Square Foot ...........................
$395
$335
$344
$432
9.4%
Properties Sold .......................................................
5
3
4
1
-80.0%
Properties Pending Sale .......................................
4
6
2
5
25.0%
Properties For Sale ................................................
30
17
16
22
-26.7%
Days on Market (Pending Sale) ...........................
64
66
11
31
-51.6%
Month’s Supply of Inventory ................................
6
5.7
4
22
266.7%
Percent Under Contract ........................................
13.3%
35.3%
12.5%
22.7%
70.5%
Average Median Price for Last 12 Months ........
$722,400
$868,583
$922,333
$803,333
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
$675
NOV
$1,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$432
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
22 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 2016
telesproperties.com
Pacific Palisades DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$3,094,000
$2,264,500
$2,525,000
$3,500,000
13.1%
Average Price per Square Foot ...........................
$933
$956
$988
$1,045
12.0%
Properties Sold .......................................................
22
16
24
19
-13.6%
Properties Pending Sale .......................................
25
31
22
35
40.0%
Properties For Sale ................................................
145
145
155
159
9.7%
Days on Market (Pending Sale) ...........................
84
53
44
57
-32.1%
Month’s Supply of Inventory ................................
6.6
9.1
6.5
8.4
27.0%
Percent Under Contract ........................................
17.2%
21.4%
14.2%
22.0%
27.7%
Average Median Price for Last 12 Months ........
$2,755,033
$2,785,863
$3,033,393
$2,763,235
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
$3.094
NOV
$3,500,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,045
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.500 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 2016
telesproperties.com
Palms - Mar Vista DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,360,000
$1,288,875
$1,419,500
$1,450,000
6.6%
Average Price per Square Foot ...........................
$719
$758
$731
$793
10.3%
Properties Sold .......................................................
34
30
34
22
-35.3%
Properties Pending Sale .......................................
35
36
26
32
-8.6%
Properties For Sale ................................................
94
104
83
91
-3.2%
Days on Market (Pending Sale) ...........................
34
27
36
26
-23.5%
Month’s Supply of Inventory ................................
2.8
3.5
2.4
4.1
49.6%
Percent Under Contract ........................................
37.2%
34.6%
31.3%
35.2%
-5.6%
Average Median Price for Last 12 Months ........
$1,175,002
$1,362,275
$1,419,500
$1,312,271
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
$1.360
NOV
$1,450,000
DEC JAN
MEDIAN SALES PRICE
FEB
$793
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Playa Del Rey DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,715,000
$2,430,000
$1,329,500
$1,338,000
-22.0%
Average Price per Square Foot ...........................
$527
$517
$584
$613
16.3%
Properties Sold .......................................................
3
1
4
3
0.0%
Properties Pending Sale .......................................
4
4
3
5
25.0%
Properties For Sale ................................................
14
17
20
24
71.4%
Days on Market (Pending Sale) ...........................
28
23
109
46
64.3%
Month’s Supply of Inventory ................................
4.7
17
5
8
71.4%
Percent Under Contract ........................................
28.6%
23.5%
15.0%
20.8%
-27.1%
Average Median Price for Last 12 Months ........
$1,756,125
$1,420,833
$1,570,083
$1,541,771
-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
$1.715
NOV
$1,338,000
DEC JAN
MEDIAN SALES PRICE
FEB
$613
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.338 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 2016
telesproperties.com
Playa Vista DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$0
$1,830,000
$1,909,250
$2,100,000
n/a
Average Price per Square Foot ...........................
$0
$786
$806
$520
n/a
Properties Sold .......................................................
0
1
2
1
n/a
Properties Pending Sale .......................................
2
3
0
4
100.0%
Properties For Sale ................................................
5
8
9
12
140.0%
Days on Market (Pending Sale) ...........................
0
15
80
46
n/a
Month’s Supply of Inventory ................................
n/a
8
4.5
0.3
n/a
Percent Under Contract ........................................
40.0%
37.5%
0.0%
33.3%
-16.7%
Average Median Price for Last 12 Months ........
$1,555,938
$1,856,250
$2,000,000
$1,996,094
28.3%
*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 NOV
$2,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$520
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.3 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 2016
telesproperties.com
Santa Monica DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,837,716
$2,450,000
$2,150,000
$2,330,000
26.8%
Average Price per Square Foot ...........................
$1,143
$1,242
$1,055
$1,015
-11.2%
Properties Sold .......................................................
20
19
20
14
-30.0%
Properties Pending Sale .......................................
28
29
14
18
-35.7%
Properties For Sale ................................................
121
113
85
91
-24.8%
Days on Market (Pending Sale) ...........................
61
25
38
38
-37.7%
Month’s Supply of Inventory ................................
6
5.9
4.2
6.5
7.4%
Percent Under Contract ........................................
23.1%
25.7%
16.5%
19.8%
-14.5%
Average Median Price for Last 12 Months ........
$2,257,279
$2,343,657
$2,555,648
$2,549,051
11.4%
*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
$1.837
NOV
$2,330,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,015
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,865,000
$1,520,000
$1,890,000
$1,666,001
-10.7%
Average Price per Square Foot ...........................
$810
$816
$882
$824
1.7%
Properties Sold .......................................................
37
37
31
21
-43.2%
Properties Pending Sale .......................................
46
43
50
36
-21.7%
Properties For Sale ................................................
354
304
340
35
-90.1%
Days on Market (Pending Sale) ...........................
67
45
73
39
-41.8%
Month’s Supply of Inventory ................................
9.6
8.2
11
1.7
-82.6%
Percent Under Contract ........................................
13.0%
14.1%
14.7%
102.9%
691.6%
Average Median Price for Last 12 Months ........
$1,721,165
$1,792,084
$1,713,834
$1,758,154
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.865
NOV
$1,666,001
DEC JAN
MEDIAN SALES PRICE
FEB
$824
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.666 M E 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 2016
telesproperties.com
Venice DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,831,000
$1,750,000
$1,725,000
$1,856,000
1.4%
Average Price per Square Foot ...........................
$1,005
$1,164
$945
$1,068
6.3%
Properties Sold .......................................................
18
15
23
17
-5.6%
Properties Pending Sale .......................................
22
20
23
24
9.1%
Properties For Sale ................................................
99
87
105
120
21.2%
Days on Market (Pending Sale) ...........................
42
74
42
58
38.1%
Month’s Supply of Inventory ................................
5.5
5.8
4.6
7.1
28.3%
Percent Under Contract ........................................
22.2%
23.0%
21.9%
20.0%
-10.0%
Average Median Price for Last 12 Months ........
$1,768,633
$1,852,568
$1,864,772
$1,824,531
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
$1.831
NOV
$1,856,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,068
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.856 M E 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 2016
telesproperties.com
West Hollywood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,627,500
$1,275,000
$1,555,000
$1,679,525
3.2%
Average Price per Square Foot ...........................
$872
$843
$790
$903
3.6%
Properties Sold .......................................................
10
7
9
12
20.0%
Properties Pending Sale .......................................
15
15
10
10
-33.3%
Properties For Sale ................................................
56
63
75
76
35.7%
Days on Market (Pending Sale) ...........................
48
31
31
41
-14.6%
Month’s Supply of Inventory ................................
5.6
9
8.3
6.3
13.1%
Percent Under Contract ........................................
26.8%
23.8%
13.3%
13.2%
-50.9%
Average Median Price for Last 12 Months ........
$1,465,167
$1,563,671
$1,555,675
$1,537,273
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.627
NOV
$1,679,525
DEC JAN
MEDIAN SALES PRICE
FEB
$903
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.679 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 2016
telesproperties.com
West Los Angeles DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$823,500
$1,380,000
$1,128,500
$932,500
13.2%
Average Price per Square Foot ...........................
$730
$649
$715
$676
-7.4%
Properties Sold .......................................................
8
9
8
9
12.5%
Properties Pending Sale .......................................
12
13
14
9
-25.0%
Properties For Sale ................................................
45
39
47
39
-13.3%
Days on Market (Pending Sale) ...........................
37
23
19
32
-13.5%
Month’s Supply of Inventory ................................
5.6
4.3
5.9
4.3
-23.0%
Percent Under Contract ........................................
26.7%
33.3%
29.8%
23.1%
-13.5%
Average Median Price for Last 12 Months ........
$868,252
$997,417
$897,500
$1,038,885
19.7%
*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
$823
NOV
$932,500
DEC JAN
MEDIAN SALES PRICE
FEB
$676
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$932 M E 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 2016
telesproperties.com
Westchester DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$850,000
$1,017,250
$1,160,000
$1,180,000
38.8%
Average Price per Square Foot ...........................
$585
$691
$608
$638
9.1%
Properties Sold .......................................................
19
20
27
24
26.3%
Properties Pending Sale .......................................
26
30
33
29
11.5%
Properties For Sale ................................................
76
74
92
103
35.5%
Days on Market (Pending Sale) ...........................
47
23
24
32
-31.9%
Month’s Supply of Inventory ................................
4
3.7
3.4
4.3
7.3%
Percent Under Contract ........................................
34.2%
40.5%
35.9%
28.2%
-17.7%
Average Median Price for Last 12 Months ........
$884,035
$1,108,242
$1,100,417
$1,033,471
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
$850
NOV
$1,180,000
DEC JAN
MEDIAN SALES PRICE
FEB
$638
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.180 M E 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 2016
telesproperties.com
Westwood - Century City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,703,250
$1,735,000
$1,572,000
$1,774,000
4.2%
Average Price per Square Foot ...........................
$870
$865
$820
$823
-5.4%
Properties Sold .......................................................
16
15
13
26
62.5%
Properties Pending Sale .......................................
15
23
18
21
40.0%
Properties For Sale ................................................
81
84
75
77
-4.9%
Days on Market (Pending Sale) ...........................
64
48
55
40
-37.5%
Month’s Supply of Inventory ................................
5.1
5.6
5.8
3
-41.5%
Percent Under Contract ........................................
18.5%
27.4%
24.0%
27.3%
47.3%
Average Median Price for Last 12 Months ........
$1,707,656
$2,010,855
$1,805,500
$1,846,893
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
$1.703
NOV
$1,774,000
DEC JAN
MEDIAN SALES PRICE
FEB
$823
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.774 M E 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 2016
telesproperties.com
South Bay Macro Market DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,294,300
$1,219,690
$1,240,554
$1,283,067
-0.9%
Average Price per Square Foot ...........................
$603
$586
$596
$615
2.0%
Properties Sold .......................................................
248
248
266
233
-6.0%
Properties Pending Sale .......................................
248
307
270
250
0.8%
Properties For Sale ................................................
953
952
1,112
952
-0.1%
Days on Market (Pending Sale) ...........................
45
44
39
43
-5.6%
Month’s Supply of Inventory ................................
3.8
3.8
4.2
4.1
6.3%
Percent Under Contract ........................................
26.0%
32.2%
24.3%
26.3%
0.9%
Average Median Price for Last 12 Months ........
$1,214,167
$1,250,443
$1,199,302
$1,280,214
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
$1.294
NOV
$1,283,067
DEC JAN
MEDIAN SALES PRICE
FEB
$615
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.283 M E 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 2016
telesproperties.com
El Segundo DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,075,000
$1,142,500
$1,325,000
$1,050,000
-2.3%
Average Price per Square Foot ...........................
$719
$659
$642
$625
-13.1%
Properties Sold .......................................................
7
10
14
6
-14.3%
Properties Pending Sale .......................................
7
10
7
7
0.0%
Properties For Sale ................................................
23
27
29
26
13.0%
Days on Market (Pending Sale) ...........................
44
32
41
36
-18.2%
Month’s Supply of Inventory ................................
3.3
2.7
2.1
4.3
31.9%
Percent Under Contract ........................................
30.4%
37.0%
24.1%
26.9%
-11.5%
Average Median Price for Last 12 Months ........
$1,010,625
$1,280,417
$1,234,167
$1,242,808
23.0%
*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
$1.075
NOV
$1,050,000
DEC JAN
MEDIAN SALES PRICE
FEB
$625
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 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 2016
telesproperties.com
Hermosa Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,460,000
$1,800,000
$1,650,500
$2,100,000
-14.6%
Average Price per Square Foot ...........................
$990
$881
$946
$1,143
15.5%
Properties Sold .......................................................
9
11
14
15
66.7%
Properties Pending Sale .......................................
14
16
14
12
-14.3%
Properties For Sale ................................................
39
59
71
55
41.0%
Days on Market (Pending Sale) ...........................
50
46
43
41
-18.0%
Month’s Supply of Inventory ................................
4.3
5.4
5.1
3.7
-15.4%
Percent Under Contract ........................................
35.9%
27.1%
19.7%
21.8%
-39.2%
Average Median Price for Last 12 Months ........
$1,805,833
$1,677,292
$1,816,667
$1,793,817
-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
$2.460
NOV
$2,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,143
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 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 2016
telesproperties.com
Manhattan Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,288,000
$2,365,000
$2,582,000
$2,250,000
-1.7%
Average Price per Square Foot ...........................
$1,064
$969
$949
$1,001
-5.9%
Properties Sold .......................................................
24
25
25
38
58.3%
Properties Pending Sale .......................................
23
32
35
24
4.3%
Properties For Sale ................................................
111
134
175
140
26.1%
Days on Market (Pending Sale) ...........................
54
41
55
37
-31.5%
Month’s Supply of Inventory ................................
4.6
5.4
7
3.7
-20.3%
Percent Under Contract ........................................
20.7%
23.9%
20.0%
17.1%
-17.3%
Average Median Price for Last 12 Months ........
$2,120,667
$2,243,667
$2,093,333
$2,204,423
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.288
NOV
$2,250,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,001
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Palos Verdes Estates DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,625,000
$1,770,750
$2,310,000
$2,100,000
29.2%
Average Price per Square Foot ...........................
$777
$645
$712
$713
-8.2%
Properties Sold .......................................................
14
10
19
9
-35.7%
Properties Pending Sale .......................................
9
19
15
13
44.4%
Properties For Sale ................................................
81
93
95
83
2.5%
Days on Market (Pending Sale) ...........................
52
123
67
48
-7.7%
Month’s Supply of Inventory ................................
5.8
9.3
5
9.2
59.4%
Percent Under Contract ........................................
11.1%
20.4%
15.8%
15.7%
41.0%
Average Median Price for Last 12 Months ........
$1,759,142
$2,024,167
$2,058,833
$1,825,904
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.625
NOV
$2,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$713
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.2 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 2016
telesproperties.com
Rancho Palos Verdes DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,166,500
$1,067,500
$1,291,000
$1,325,000
13.6%
Average Price per Square Foot ...........................
$553
$501
$528
$510
-7.8%
Properties Sold .......................................................
40
32
41
37
-7.5%
Properties Pending Sale .......................................
36
42
42
48
33.3%
Properties For Sale ................................................
171
151
183
171
0.0%
Days on Market (Pending Sale) ...........................
57
41
43
50
-12.3%
Month’s Supply of Inventory ................................
4.3
4.7
4.5
4.6
8.1%
Percent Under Contract ........................................
21.1%
27.8%
23.0%
28.1%
33.3%
Average Median Price for Last 12 Months ........
$1,175,667
$1,288,542
$1,270,083
$1,244,949
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
$1.166
NOV
$1,325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$510
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Redondo Beach- North DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$920,000
$1,000,000
$1,100,000
$950,000
3.3%
Average Price per Square Foot ...........................
$540
$525
$580
$645
19.4%
Properties Sold .......................................................
17
24
17
15
-11.8%
Properties Pending Sale .......................................
25
22
13
19
-24.0%
Properties For Sale ................................................
53
38
46
43
-18.9%
Days on Market (Pending Sale) ...........................
40
18
13
22
-45.0%
Month’s Supply of Inventory ................................
3.1
1.6
2.7
2.9
-8.1%
Percent Under Contract ........................................
47.2%
57.9%
28.3%
44.2%
-6.3%
Average Median Price for Last 12 Months ........
$871,465
$942,083
$937,333
$899,904
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$920
NOV
$950,000
DEC JAN
MEDIAN SALES PRICE
FEB
$645
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Redondo Beach- South DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,267,000
$1,200,000
$1,403,000
$1,299,500
2.6%
Average Price per Square Foot ...........................
$630
$614
$669
$678
7.6%
Properties Sold .......................................................
26
13
16
14
-46.2%
Properties Pending Sale .......................................
12
26
18
17
41.7%
Properties For Sale ................................................
50
60
57
55
10.0%
Days on Market (Pending Sale) ...........................
35
20
28
50
42.9%
Month’s Supply of Inventory ................................
1.9
4.6
3.6
3.9
104.3%
Percent Under Contract ........................................
24.0%
43.3%
31.6%
30.9%
28.8%
Average Median Price for Last 12 Months ........
$1,198,583
$1,314,500
$1,249,333
$1,302,865
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
$1.267
NOV
$1,299,500
DEC JAN
MEDIAN SALES PRICE
FEB
$678
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Rolling Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$3,300,000
$2,750,000
$0
$2,550,000
-22.7%
Average Price per Square Foot ...........................
$820
$763
$0
$872
6.3%
Properties Sold .......................................................
3
3
0
3
0.0%
Properties Pending Sale .......................................
3
5
2
2
-33.3%
Properties For Sale ................................................
25
26
32
31
24.0%
Days on Market (Pending Sale) ...........................
6
116
65
82
1266.7%
Month’s Supply of Inventory ................................
8.3
8.7
n/a
10.3
24.0%
Percent Under Contract ........................................
12.0%
19.2%
6.2%
6.5%
-46.2%
Average Median Price for Last 12 Months ........
$3,087,298
$2,915,625
$2,100,000
$3,092,415
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
$3.300
NOV
$2,550,000
DEC JAN
MEDIAN SALES PRICE
FEB
$872
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.550 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 2016
telesproperties.com
Rolling Hills Estates DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,435,000
$1,350,000
$1,766,000
$1,442,500
0.5%
Average Price per Square Foot ...........................
$523
$608
$681
$511
-2.3%
Properties Sold .......................................................
6
15
3
2
-66.7%
Properties Pending Sale .......................................
8
11
7
7
-12.5%
Properties For Sale ................................................
24
36
41
36
50.0%
Days on Market (Pending Sale) ...........................
63
30
47
105
66.7%
Month’s Supply of Inventory ................................
4
2.4
13.7
18
350.0%
Percent Under Contract ........................................
33.3%
30.6%
17.1%
19.4%
-41.7%
Average Median Price for Last 12 Months ........
$1,502,149
$1,515,976
$1,399,118
$1,574,796
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
$1.435
NOV
$1,442,500
DEC JAN
MEDIAN SALES PRICE
FEB
$511
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
18 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.442 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
San Pedro DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$629,000
$550,000
$579,000
$659,000
4.8%
Average Price per Square Foot ...........................
$377
$420
$407
$377
0.0%
Properties Sold .......................................................
30
25
39
28
-6.7%
Properties Pending Sale .......................................
38
43
29
27
-28.9%
Properties For Sale ................................................
135
128
141
119
-11.9%
Days on Market (Pending Sale) ...........................
68
41
53
49
-27.9%
Month’s Supply of Inventory ................................
4.5
5.1
3.6
4.2
-5.6%
Percent Under Contract ........................................
28.1%
33.6%
20.6%
22.7%
-19.4%
Average Median Price for Last 12 Months ........
$543,813
$628,450
$640,167
$604,732
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$629
NOV
$659,000
DEC JAN
MEDIAN SALES PRICE
FEB
$377
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 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 2016
telesproperties.com
Torrance- County Strip DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$440,000
$499,000
$500,000
$529,000
20.2%
Average Price per Square Foot ...........................
$354
$373
$374
$332
-6.2%
Properties Sold .......................................................
7
5
9
4
-42.9%
Properties Pending Sale .......................................
6
7
5
8
33.3%
Properties For Sale ................................................
22
16
20
27
22.7%
Days on Market (Pending Sale) ...........................
40
25
22
22
-45.0%
Month’s Supply of Inventory ................................
3.1
3.2
2.2
6.8
114.8%
Percent Under Contract ........................................
27.3%
43.8%
25.0%
29.6%
8.6%
Average Median Price for Last 12 Months ........
$464,104
$513,083
$539,500
$498,058
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
$440
NOV
$529,000
DEC JAN
MEDIAN SALES PRICE
FEB
$332
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$529 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Torrance- North DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$563,500
$587,000
$610,000
$630,000
11.8%
Average Price per Square Foot ...........................
$387
$432
$469
$443
14.5%
Properties Sold .......................................................
22
24
18
17
-22.7%
Properties Pending Sale .......................................
17
20
18
26
52.9%
Properties For Sale ................................................
73
49
60
55
-24.7%
Days on Market (Pending Sale) ...........................
46
26
18
26
-43.5%
Month’s Supply of Inventory ................................
3.3
2
3.3
3.2
-2.5%
Percent Under Contract ........................................
23.3%
40.8%
30.0%
47.3%
103.0%
Average Median Price for Last 12 Months ........
$463,479
$629,000
$635,000
$613,921
32.5%
*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
$563
NOV
$630,000
DEC JAN
MEDIAN SALES PRICE
FEB
$443
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$630 M E 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 2016
telesproperties.com
Torrance- South DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$875,000
$871,100
$848,000
$822,500
-6.0%
Average Price per Square Foot ...........................
$496
$530
$506
$502
1.2%
Properties Sold .......................................................
17
22
20
20
17.6%
Properties Pending Sale .......................................
20
21
21
16
-20.0%
Properties For Sale ................................................
69
44
64
55
-20.3%
Days on Market (Pending Sale) ...........................
59
29
28
15
-74.6%
Month’s Supply of Inventory ................................
4.1
2
3.2
2.8
-32.2%
Percent Under Contract ........................................
29.0%
47.7%
32.8%
29.1%
0.4%
Average Median Price for Last 12 Months ........
$847,303
$872,917
$875,833
$858,239
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
$875
NOV
$822,500
DEC JAN
MEDIAN SALES PRICE
FEB
$502
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$822 M E 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 2016
telesproperties.com
Torrance- Southeast DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$591,500
$549,000
$593,250
$691,000
16.8%
Average Price per Square Foot ...........................
$369
$367
$386
$415
12.5%
Properties Sold .......................................................
14
13
14
9
-35.7%
Properties Pending Sale .......................................
14
14
20
8
-42.9%
Properties For Sale ................................................
45
50
54
23
-48.9%
Days on Market (Pending Sale) ...........................
43
47
28
32
-25.6%
Month’s Supply of Inventory ................................
3.2
3.8
3.9
2.6
-20.5%
Percent Under Contract ........................................
31.1%
28.0%
37.0%
34.8%
11.8%
Average Median Price for Last 12 Months ........
$592,517
$648,625
$627,833
$628,038
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
$591
NOV
$691,000
DEC JAN
MEDIAN SALES PRICE
FEB
$415
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$691 M E 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 2016
telesproperties.com
Torrance- West DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$779,000
$793,500
$810,000
$847,500
8.8%
Average Price per Square Foot ...........................
$440
$505
$495
$456
3.6%
Properties Sold .......................................................
12
16
17
16
33.3%
Properties Pending Sale .......................................
16
19
24
16
0.0%
Properties For Sale ................................................
32
41
44
33
3.1%
Days on Market (Pending Sale) ...........................
23
24
31
27
17.4%
Month’s Supply of Inventory ................................
2.7
2.6
2.6
2.1
-22.7%
Percent Under Contract ........................................
50.0%
46.3%
54.5%
48.5%
-3.0%
Average Median Price for Last 12 Months ........
$769,867
$838,000
$833,500
$818,346
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
$779
NOV
$847,500
DEC JAN
MEDIAN SALES PRICE
FEB
$456
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$847 M E 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 2016
telesproperties.com
San Fernando Valley Macro Market DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$792,786
$888,929
$972,643
$843,143
6.4%
Average Price per Square Foot ...........................
$426
$439
$454
$451
5.7%
Properties Sold .......................................................
30
33
35
30
-0.2%
Properties Pending Sale .......................................
35
41
37
33
-4.8%
Properties For Sale ................................................
76
69
88
82
9.1%
Days on Market (Pending Sale) ...........................
56
54
64
58
5.0%
Month’s Supply of Inventory ................................
2.5
2.1
2.5
2.7
9.3%
Percent Under Contract ........................................
45.8%
59.8%
42.0%
40.0%
-12.7%
Average Median Price for Last 12 Months ........
$799,877
$885,952
$885,548
$866,154
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
$792
NOV
$843,143
DEC JAN
MEDIAN SALES PRICE
FEB
$451
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$843 M E 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 2016
telesproperties.com
Burbank DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$730,000
$753,000
$735,000
$770,000
5.5%
Average Price per Square Foot ...........................
$462
$465
$493
$481
4.1%
Properties Sold .......................................................
34
47
59
50
47.1%
Properties Pending Sale .......................................
46
72
60
48
4.3%
Properties For Sale ................................................
74
97
118
94
27.0%
Days on Market (Pending Sale) ...........................
59
68
50
45
-23.7%
Month’s Supply of Inventory ................................
2.2
2.1
2
1.9
-13.6%
Percent Under Contract ........................................
62.2%
74.2%
50.8%
51.1%
-17.9%
Average Median Price for Last 12 Months ........
$680,833
$746,000
$768,667
$736,385
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
$730
NOV
$770,000
DEC JAN
MEDIAN SALES PRICE
FEB
$481
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 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 2016
telesproperties.com
Encino DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$982,000
$1,225,000
$1,375,000
$920,000
-6.3%
Average Price per Square Foot ...........................
$486
$520
$528
$473
-2.7%
Properties Sold .......................................................
38
34
47
31
-18.4%
Properties Pending Sale .......................................
42
63
47
46
9.5%
Properties For Sale ................................................
124
120
126
136
9.7%
Days on Market (Pending Sale) ...........................
62
51
62
70
12.9%
Month’s Supply of Inventory ................................
3.3
3.5
2.7
4.4
34.4%
Percent Under Contract ........................................
33.9%
52.5%
37.3%
33.8%
-0.1%
Average Median Price for Last 12 Months ........
$1,136,063
$1,192,500
$1,076,000
$1,151,615
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
$982
NOV
$920,000
DEC JAN
MEDIAN SALES PRICE
FEB
$473
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 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 2016
telesproperties.com
Glendale DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$823,000
$877,000
$900,000
$888,000
7.9%
Average Price per Square Foot ...........................
$436
$459
$451
$477
9.4%
Properties Sold .......................................................
56
60
57
50
-10.7%
Properties Pending Sale .......................................
67
62
63
55
-17.9%
Properties For Sale ................................................
108
104
132
127
17.6%
Days on Market (Pending Sale) ...........................
53
53
50
45
-15.1%
Month’s Supply of Inventory ................................
1.9
1.7
2.3
2.5
31.7%
Percent Under Contract ........................................
62.0%
59.6%
47.7%
43.3%
-30.2%
Average Median Price for Last 12 Months ........
$784,167
$862,500
$867,000
$833,538
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
$823
NOV
$888,000
DEC JAN
MEDIAN SALES PRICE
FEB
$477
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$888 M E 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 2016
telesproperties.com
La Crescenta DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$820,000
$770,000
$832,000
$785,000
-4.3%
Average Price per Square Foot ...........................
$461
$495
$481
$484
5.0%
Properties Sold .......................................................
17
11
22
21
23.5%
Properties Pending Sale .......................................
19
24
22
21
10.5%
Properties For Sale ................................................
29
29
47
28
-3.4%
Days on Market (Pending Sale) ...........................
43
57
51
56
30.2%
Month’s Supply of Inventory ................................
1.7
2.6
2.1
1.3
-21.8%
Percent Under Contract ........................................
65.5%
82.8%
46.8%
75.0%
14.5%
Average Median Price for Last 12 Months ........
$750,167
$815,500
$814,667
$786,538
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
$820
NOV
$785,000
DEC JAN
MEDIAN SALES PRICE
FEB
$484
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$785 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
North Hollywood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$505,000
$497,000
$534,000
$513,000
1.6%
Average Price per Square Foot ...........................
$361
$358
$367
$447
23.8%
Properties Sold .......................................................
39
46
38
29
-25.6%
Properties Pending Sale .......................................
45
43
37
31
-31.1%
Properties For Sale ................................................
67
51
55
73
9.0%
Days on Market (Pending Sale) ...........................
66
54
55
66
0.0%
Month’s Supply of Inventory ................................
1.7
1.1
1.4
2.5
46.5%
Percent Under Contract ........................................
67.2%
84.3%
67.3%
42.5%
-36.8%
Average Median Price for Last 12 Months ........
$475,458
$516,333
$509,667
$512,923
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
$505
NOV
$513,000
DEC JAN
MEDIAN SALES PRICE
FEB
$447
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$513 M E 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 2016
telesproperties.com
Shadow Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$665,000
$753,000
$765,000
$610,000
-8.3%
Average Price per Square Foot ...........................
$285
$247
$325
$365
28.1%
Properties Sold .......................................................
4
4
4
5
25.0%
Properties Pending Sale .......................................
5
7
4
4
-20.0%
Properties For Sale ................................................
11
9
19
15
36.4%
Days on Market (Pending Sale) ...........................
52
86
127
76
46.2%
Month’s Supply of Inventory ................................
2.8
2.2
4.8
3
9.1%
Percent Under Contract ........................................
45.5%
77.8%
21.1%
26.7%
-41.3%
Average Median Price for Last 12 Months ........
$782,364
$670,167
$664,333
$728,077
-6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$665
NOV
$610,000
DEC JAN
MEDIAN SALES PRICE
FEB
$365
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
Sherman Oaks DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$941,000
$1,240,000
$1,171,000
$1,225,000
30.2%
Average Price per Square Foot ...........................
$492
$468
$499
$507
3.0%
Properties Sold .......................................................
62
63
63
59
-4.8%
Properties Pending Sale .......................................
49
70
60
57
16.3%
Properties For Sale ................................................
161
149
158
163
1.2%
Days on Market (Pending Sale) ...........................
64
57
70
61
-4.7%
Month’s Supply of Inventory ................................
2.6
2.4
2.5
2.8
6.4%
Percent Under Contract ........................................
30.4%
47.0%
38.0%
35.0%
14.9%
Average Median Price for Last 12 Months ........
$950,604
$1,168,833
$1,224,667
$1,095,462
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$941
NOV
$1,225,000
DEC JAN
MEDIAN SALES PRICE
FEB
$507
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.225 M E 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 2016
telesproperties.com
Studio City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,390,000
$1,328,000
$1,475,000
$1,359,000
-2.2%
Average Price per Square Foot ...........................
$608
$536
$618
$590
-3.0%
Properties Sold .......................................................
21
28
33
30
42.9%
Properties Pending Sale .......................................
41
32
31
38
-7.3%
Properties For Sale ................................................
96
73
103
81
-15.6%
Days on Market (Pending Sale) ...........................
42
54
53
66
57.1%
Month’s Supply of Inventory ................................
4.6
2.6
3.1
2.7
-40.9%
Percent Under Contract ........................................
42.7%
43.8%
30.1%
46.9%
9.8%
Average Median Price for Last 12 Months ........
$1,247,292
$1,458,167
$1,491,333
$1,401,154
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.390
NOV
$1,359,000
DEC JAN
MEDIAN SALES PRICE
FEB
$590
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.359 M E 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 2016
telesproperties.com
Sun Valley DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$406,000
$443,000
$465,000
$483,000
19.0%
Average Price per Square Foot ...........................
$345
$320
$353
$365
5.8%
Properties Sold .......................................................
19
18
21
16
-15.8%
Properties Pending Sale .......................................
24
24
20
15
-37.5%
Properties For Sale ................................................
35
28
22
27
-22.9%
Days on Market (Pending Sale) ...........................
58
41
38
31
-46.6%
Month’s Supply of Inventory ................................
1.8
1.6
1
1.7
-8.4%
Percent Under Contract ........................................
68.6%
85.7%
90.9%
55.6%
-19.0%
Average Median Price for Last 12 Months ........
$434,750
$480,000
$497,000
$464,462
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
$406
NOV
$483,000
DEC JAN
MEDIAN SALES PRICE
FEB
$365
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.7 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 2016
telesproperties.com
Sunland/Tujunga DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$483,000
$525,000
$565,000
$565,000
17.0%
Average Price per Square Foot ...........................
$345
$366
$376
$375
8.7%
Properties Sold .......................................................
34
45
33
33
-2.9%
Properties Pending Sale .......................................
31
39
52
29
-6.5%
Properties For Sale ................................................
78
49
73
76
-2.6%
Days on Market (Pending Sale) ...........................
62
62
56
53
-14.5%
Month’s Supply of Inventory ................................
2.3
1.1
2.2
2.3
0.4%
Percent Under Contract ........................................
39.7%
79.6%
71.2%
38.2%
-4.0%
Average Median Price for Last 12 Months ........
$489,458
$560,333
$563,667
$531,000
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
$483
NOV
$565,000
DEC JAN
MEDIAN SALES PRICE
FEB
$375
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
Tarzana DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$782,000
$1,044,000
$1,161,000
$1,059,000
35.4%
Average Price per Square Foot ...........................
$366
$428
$430
$356
-2.7%
Properties Sold .......................................................
32
24
23
18
-43.8%
Properties Pending Sale .......................................
34
28
32
30
-11.8%
Properties For Sale ................................................
83
68
100
93
12.0%
Days on Market (Pending Sale) ...........................
72
42
78
73
1.4%
Month’s Supply of Inventory ................................
2.6
2.8
4.3
5.2
99.2%
Percent Under Contract ........................................
41.0%
41.2%
32.0%
32.3%
-21.3%
Average Median Price for Last 12 Months ........
$892,750
$1,015,833
$1,013,000
$954,923
7.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$782
NOV
$1,059,000
DEC JAN
MEDIAN SALES PRICE
FEB
$356
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.059 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Toluca Lake DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$945,000
$1,280,000
$1,975,000
$1,087,000
15.0%
Average Price per Square Foot ...........................
$522
$612
$547
$578
10.7%
Properties Sold .......................................................
3
7
5
5
66.7%
Properties Pending Sale .......................................
3
5
5
7
133.3%
Properties For Sale ................................................
22
12
20
20
-9.1%
Days on Market (Pending Sale) ...........................
21
37
95
43
104.8%
Month’s Supply of Inventory ................................
7.3
1.7
4
4
-45.5%
Percent Under Contract ........................................
13.6%
41.7%
25.0%
35.0%
156.7%
Average Median Price for Last 12 Months ........
$1,024,042
$1,246,167
$1,217,333
$1,277,769
24.8%
*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
$945
NOV
$1,087,000
DEC JAN
MEDIAN SALES PRICE
FEB
$578
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.087 M E 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 2016
telesproperties.com
Valley Village DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$875,000
$910,000
$886,000
$765,000
-12.6%
Average Price per Square Foot ...........................
$456
$506
$502
$440
-3.5%
Properties Sold .......................................................
11
13
21
14
27.3%
Properties Pending Sale .......................................
7
23
21
18
157.1%
Properties For Sale ................................................
17
32
35
45
164.7%
Days on Market (Pending Sale) ...........................
68
39
52
74
8.8%
Month’s Supply of Inventory ................................
1.5
2.5
1.7
3.2
108.0%
Percent Under Contract ........................................
41.2%
71.9%
60.0%
40.0%
-2.9%
Average Median Price for Last 12 Months ........
$834,167
$911,667
$931,000
$883,923
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
$875
NOV
$765,000
DEC JAN
MEDIAN SALES PRICE
FEB
$440
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Woodland Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$752,000
$800,000
$778,000
$775,000
3.1%
Average Price per Square Foot ...........................
$345
$370
$386
$370
7.2%
Properties Sold .......................................................
53
59
64
61
15.1%
Properties Pending Sale .......................................
71
84
65
62
-12.7%
Properties For Sale ................................................
152
142
227
175
15.1%
Days on Market (Pending Sale) ...........................
57
50
55
59
3.5%
Month’s Supply of Inventory ................................
2.9
2.4
3.5
2.9
0.0%
Percent Under Contract ........................................
46.7%
59.2%
28.6%
35.4%
-24.2%
Average Median Price for Last 12 Months ........
$716,167
$759,333
$759,333
$768,385
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
$752
NOV
$775,000
DEC JAN
MEDIAN SALES PRICE
FEB
$370
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
San Gabriel Valley Macro Market DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,007,000
$1,094,500
$1,039,500
$1,041,083
3.4%
Average Price per Square Foot ...........................
$505
$535
$532
$530
4.9%
Properties Sold .......................................................
24
28
26
23
-5.5%
Properties Pending Sale .......................................
29
28
30
27
-8.4%
Properties For Sale ................................................
74
65
79
66
-10.8%
Days on Market (Pending Sale) ...........................
61
60
48
56
-8.0%
Month’s Supply of Inventory ................................
3.1
2.4
3.1
2.9
-5.6%
Percent Under Contract ........................................
38.9%
42.3%
37.5%
39.9%
2.7%
Average Median Price for Last 12 Months ........
$983,950
$1,015,556
$1,016,306
$1,013,135
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.007
NOV
$1,041,083
DEC JAN
MEDIAN SALES PRICE
FEB
$530
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.041 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Alhambra DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$575,000
$539,000
$622,000
$665,000
15.7%
Average Price per Square Foot ...........................
$402
$425
$402
$418
4.0%
Properties Sold .......................................................
23
26
25
21
-8.7%
Properties Pending Sale .......................................
21
25
30
25
19.0%
Properties For Sale ................................................
49
39
47
47
-4.1%
Days on Market (Pending Sale) ...........................
42
74
56
55
31.0%
Month’s Supply of Inventory ................................
2.1
1.5
1.9
2.2
5.1%
Percent Under Contract ........................................
42.9%
64.1%
63.8%
53.2%
24.1%
Average Median Price for Last 12 Months ........
$532,333
$627,167
$654,333
$602,846
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$575
NOV
$665,000
DEC JAN
MEDIAN SALES PRICE
FEB
$418
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 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 2016
telesproperties.com
Altadena DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$679,000
$708,000
$775,000
$705,000
3.8%
Average Price per Square Foot ...........................
$431
$449
$475
$440
2.1%
Properties Sold .......................................................
30
42
26
30
0.0%
Properties Pending Sale .......................................
31
30
32
29
-6.5%
Properties For Sale ................................................
64
71
76
56
-12.5%
Days on Market (Pending Sale) ...........................
94
53
47
60
-36.2%
Month’s Supply of Inventory ................................
2.1
1.7
2.9
1.9
-12.5%
Percent Under Contract ........................................
48.4%
42.3%
42.1%
51.8%
6.9%
Average Median Price for Last 12 Months ........
$658,167
$725,833
$728,333
$721,692
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
$679
NOV
$705,000
DEC JAN
MEDIAN SALES PRICE
FEB
$440
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Arcadia DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,305,000
$1,126,000
$1,663,000
$1,120,000
-14.2%
Average Price per Square Foot ...........................
$556
$530
$551
$537
-3.4%
Properties Sold .......................................................
46
42
32
41
-10.9%
Properties Pending Sale .......................................
51
37
56
40
-21.6%
Properties For Sale ................................................
241
190
237
199
-17.4%
Days on Market (Pending Sale) ...........................
74
66
76
61
-17.6%
Month’s Supply of Inventory ................................
5.2
4.5
7.4
4.9
-7.4%
Percent Under Contract ........................................
21.2%
19.5%
23.6%
20.1%
-5.0%
Average Median Price for Last 12 Months ........
$1,307,958
$1,255,167
$1,208,000
$1,254,769
-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
$1.305
NOV
$1,120,000
DEC JAN
MEDIAN SALES PRICE
FEB
$537
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 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 2016
telesproperties.com
Duarte DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$475,000
$495,000
$551,000
$475,000
0.0%
Average Price per Square Foot ...........................
$332
$372
$385
$374
12.7%
Properties Sold .......................................................
16
17
13
17
6.2%
Properties Pending Sale .......................................
16
18
19
25
56.2%
Properties For Sale ................................................
38
26
29
30
-21.1%
Days on Market (Pending Sale) ...........................
50
86
66
36
-28.0%
Month’s Supply of Inventory ................................
2.4
1.5
2.2
1.8
-25.7%
Percent Under Contract ........................................
42.1%
69.2%
65.5%
83.3%
97.9%
Average Median Price for Last 12 Months ........
$453,083
$477,333
$456,333
$469,154
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
$475
NOV
$475,000
DEC JAN
MEDIAN SALES PRICE
FEB
$374
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.8 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 2016
telesproperties.com
Eagle Rock DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$693,000
$750,000
$860,000
$852,000
22.9%
Average Price per Square Foot ...........................
$475
$504
$534
$463
-2.5%
Properties Sold .......................................................
14
16
7
20
42.9%
Properties Pending Sale .......................................
14
26
19
15
7.1%
Properties For Sale ................................................
42
30
30
26
-38.1%
Days on Market (Pending Sale) ...........................
45
36
36
49
8.9%
Month’s Supply of Inventory ................................
3
1.9
4.3
1.3
-56.7%
Percent Under Contract ........................................
33.3%
86.7%
63.3%
57.7%
73.1%
Average Median Price for Last 12 Months ........
$706,667
$793,333
$779,000
$754,692
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
$693
NOV
$852,000
DEC JAN
MEDIAN SALES PRICE
FEB
$463
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$852 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
La Canada Flintridge DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,606,000
$1,700,000
$1,647,000
$2,149,000
33.8%
Average Price per Square Foot ...........................
$644
$634
$624
$619
-3.9%
Properties Sold .......................................................
20
25
24
15
-25.0%
Properties Pending Sale .......................................
28
17
24
19
-32.1%
Properties For Sale ................................................
42
59
72
49
16.7%
Days on Market (Pending Sale) ...........................
80
55
45
51
-36.2%
Month’s Supply of Inventory ................................
2.1
2.4
3
3.3
55.6%
Percent Under Contract ........................................
66.7%
28.8%
33.3%
38.8%
-41.8%
Average Median Price for Last 12 Months ........
$1,573,002
$1,749,833
$1,870,667
$1,685,462
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.606
NOV
$2,149,000
DEC JAN
MEDIAN SALES PRICE
FEB
$619
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.149 M E 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 2016
telesproperties.com
Monrovia DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$728,000
$652,000
$665,000
$635,000
-12.8%
Average Price per Square Foot ...........................
$394
$422
$424
$423
7.4%
Properties Sold .......................................................
26
27
23
23
-11.5%
Properties Pending Sale .......................................
23
26
22
26
13.0%
Properties For Sale ................................................
61
51
59
50
-18.0%
Days on Market (Pending Sale) ...........................
84
59
37
48
-42.9%
Month’s Supply of Inventory ................................
2.3
1.9
2.6
2.2
-7.3%
Percent Under Contract ........................................
37.7%
51.0%
37.3%
52.0%
37.9%
Average Median Price for Last 12 Months ........
$613,583
$632,833
$620,000
$636,846
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$728
NOV
$635,000
DEC JAN
MEDIAN SALES PRICE
FEB
$423
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Pasadena DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$800,000
$851,000
$825,000
$935,000
16.9%
Average Price per Square Foot ...........................
$549
$516
$529
$545
-0.7%
Properties Sold .......................................................
73
73
106
67
-8.2%
Properties Pending Sale .......................................
97
82
103
81
-16.5%
Properties For Sale ................................................
203
194
217
205
1.0%
Days on Market (Pending Sale) ...........................
57
58
47
63
10.5%
Month’s Supply of Inventory ................................
2.8
2.7
2
3.1
10.0%
Percent Under Contract ........................................
47.8%
42.3%
47.5%
39.5%
-17.3%
Average Median Price for Last 12 Months ........
$775,833
$871,167
$878,000
$839,692
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
$800
NOV
$935,000
DEC JAN
MEDIAN SALES PRICE
FEB
$545
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$935 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
San Gabriel DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$677,000
$650,000
$680,000
$660,000
-2.5%
Average Price per Square Foot ...........................
$418
$443
$488
$494
18.2%
Properties Sold .......................................................
25
26
24
17
-32.0%
Properties Pending Sale .......................................
29
34
16
26
-10.3%
Properties For Sale ................................................
70
51
74
56
-20.0%
Days on Market (Pending Sale) ...........................
45
72
65
42
-6.7%
Month’s Supply of Inventory ................................
2.8
2
3.1
3.3
17.6%
Percent Under Contract ........................................
41.4%
66.7%
21.6%
46.4%
12.1%
Average Median Price for Last 12 Months ........
$709,542
$689,667
$685,000
$718,231
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
$677
NOV
$660,000
DEC JAN
MEDIAN SALES PRICE
FEB
$494
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
San Marino DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,275,000
$3,125,000
$2,169,000
$1,924,000
-15.4%
Average Price per Square Foot ...........................
$845
$966
$842
$830
-1.8%
Properties Sold .......................................................
10
20
10
10
0.0%
Properties Pending Sale .......................................
11
14
11
10
-9.1%
Properties For Sale ................................................
44
34
58
39
-11.4%
Days on Market (Pending Sale) ...........................
62
63
34
62
0.0%
Month’s Supply of Inventory ................................
4.4
1.7
5.8
3.9
-11.4%
Percent Under Contract ........................................
25.0%
41.2%
19.0%
25.6%
2.6%
Average Median Price for Last 12 Months ........
$2,297,167
$2,109,333
$1,959,333
$2,232,615
-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
$2.275
NOV
$1,924,000
DEC JAN
MEDIAN SALES PRICE
FEB
$830
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.924 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Sierra Madre DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$971,000
$988,000
$748,000
$1,075,000
10.7%
Average Price per Square Foot ...........................
$489
$520
$529
$587
20.0%
Properties Sold .......................................................
5
9
8
8
60.0%
Properties Pending Sale .......................................
13
13
8
9
-30.8%
Properties For Sale ................................................
19
20
30
16
-15.8%
Days on Market (Pending Sale) ...........................
50
47
44
41
-18.0%
Month’s Supply of Inventory ................................
3.8
2.2
3.8
2
-47.4%
Percent Under Contract ........................................
68.4%
65.0%
26.7%
56.2%
-17.8%
Average Median Price for Last 12 Months ........
$955,833
$990,167
$1,171,667
$1,007,923
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
$971
NOV
$1,075,000
DEC JAN
MEDIAN SALES PRICE
FEB
$587
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 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 2016
telesproperties.com
South Pasadena DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,300,000
$1,550,000
$1,269,000
$1,298,000
-0.2%
Average Price per Square Foot ...........................
$524
$637
$602
$627
19.7%
Properties Sold .......................................................
4
11
14
7
75.0%
Properties Pending Sale .......................................
13
10
17
13
0.0%
Properties For Sale ................................................
19
20
24
23
21.1%
Days on Market (Pending Sale) ...........................
53
46
27
109
105.7%
Month’s Supply of Inventory ................................
4.8
1.8
1.7
3.3
-30.8%
Percent Under Contract ........................................
68.4%
50.0%
70.8%
56.5%
-17.4%
Average Median Price for Last 12 Months ........
$1,224,232
$1,264,833
$1,185,000
$1,233,692
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.300
NOV
$1,298,000
DEC JAN
MEDIAN SALES PRICE
FEB
$627
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.298 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
Rancho Santa Margarita
Aliso Viejo
Laguna Beach
San Clemente
Balboa Peninsula
Laguna Hills
San Juan Capistrano
Corona del Mar - Spyglass
Laguna Niguel
Shady Canyon
Coto de Caza
Laguna Woods
Turtle Ridge
Crystal Cove
Lantern Village in Dana Point
Turtle Rock
Dana Point
Lower Newport Bay - Balboa Island
West Bay - Santa Ana Heights
East Bluff - Harbor View
Mission Viejo
West Newport - Lido
East Costa Mesa
Nelle Gail
Westminster
Fountain Valley
Newport Beach
Huntington Beach
Newport Coast
Irvine
Newport Heights
Micro Market Report : October 2016
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : October 2016
telesproperties.com
Orange County DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$695,000
$730,000
$730,000
$745,000
7.2%
Average Price per Square Foot ...........................
$424
$420
$453
$430
1.4%
Properties Sold .......................................................
1498
1704
1712
1599
6.7%
Properties Pending Sale .......................................
1635
2068
1781
1623
-0.7%
Properties For Sale ................................................
6,820
6,802
7,778
6,691
-1.9%
Days on Market (Pending Sale) ...........................
62
47
53
57
-8.1%
Month’s Supply of Inventory ................................
4.6
4
4.5
4.2
-8.1%
Percent Under Contract ........................................
24.0%
30.4%
22.9%
24.3%
1.2%
Average Median Price for Last 12 Months ........
$688,349
$738,917
$741,167
$720,769
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$695
NOV
$745,000
DEC JAN
MEDIAN SALES PRICE
FEB
$430
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$745 M E 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 2016
telesproperties.com
Aliso Viejo DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$703,500
$710,000
$780,000
$827,500
17.6%
Average Price per Square Foot ...........................
$360
$379
$387
$353
-1.9%
Properties Sold .......................................................
16
24
29
17
6.2%
Properties Pending Sale .......................................
19
34
21
19
0.0%
Properties For Sale ................................................
75
86
78
57
-24.0%
Days on Market (Pending Sale) ...........................
63
41
45
49
-22.2%
Month’s Supply of Inventory ................................
4.7
3.6
2.7
3.4
-28.5%
Percent Under Contract ........................................
25.3%
39.5%
26.9%
33.3%
31.6%
Average Median Price for Last 12 Months ........
$728,125
$797,583
$815,833
$765,327
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
$703
NOV
$827,500
DEC JAN
MEDIAN SALES PRICE
FEB
$353
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$827 M E 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 2016
telesproperties.com
Balboa Peninsula DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,610,000
$4,350,000
$5,127,500
$4,000,001
148.4%
Average Price per Square Foot ...........................
$1,336
$1,754
$1,843
$1,295
-3.1%
Properties Sold .......................................................
3
3
4
3
0.0%
Properties Pending Sale .......................................
7
6
5
2
-71.4%
Properties For Sale ................................................
38
57
56
44
15.8%
Days on Market (Pending Sale) ...........................
100
60
43
8
-92.0%
Month’s Supply of Inventory ................................
12.7
19
14
14.7
15.8%
Percent Under Contract ........................................
18.4%
10.5%
8.9%
4.5%
-75.3%
Average Median Price for Last 12 Months ........
$2,681,833
$4,277,500
$2,895,834
$3,382,115
26.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.610
NOV
$4,000,001
DEC JAN
MEDIAN SALES PRICE
FEB
$1,295
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14.7 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 2016
telesproperties.com
Corona del Mar - Spyglass DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,790,000
$2,515,000
$3,200,000
$3,150,000
12.9%
Average Price per Square Foot ...........................
$1,099
$1,072
$1,264
$1,140
3.7%
Properties Sold .......................................................
16
10
17
11
-31.2%
Properties Pending Sale .......................................
22
18
11
10
-54.5%
Properties For Sale ................................................
104
91
89
79
-24.0%
Days on Market (Pending Sale) ...........................
98
103
81
68
-30.6%
Month’s Supply of Inventory ................................
6.5
9.1
5.2
7.2
10.5%
Percent Under Contract ........................................
21.2%
19.8%
12.4%
12.7%
-40.2%
Average Median Price for Last 12 Months ........
$2,428,816
$2,954,167
$2,991,667
$2,876,808
18.4%
*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
$2.790
NOV
$3,150,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,140
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Coto de Caza DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,185,000
$954,000
$1,266,250
$1,265,000
6.8%
Average Price per Square Foot ...........................
$367
$327
$357
$355
-3.3%
Properties Sold .......................................................
15
22
28
19
26.7%
Properties Pending Sale .......................................
12
39
18
13
8.3%
Properties For Sale ................................................
125
164
154
14
-88.8%
Days on Market (Pending Sale) ...........................
72
59
70
89
23.6%
Month’s Supply of Inventory ................................
8.3
7.5
5.5
0.7
-91.2%
Percent Under Contract ........................................
9.6%
23.8%
11.7%
92.9%
867.3%
Average Median Price for Last 12 Months ........
$1,174,593
$1,219,588
$1,231,258
$1,210,025
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
$1.185
NOV
$1,265,000
DEC JAN
MEDIAN SALES PRICE
FEB
$355
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.265 M E 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 2016
telesproperties.com
Crystal Cove DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$4,000,000
$4,990,000
$9,022,750
$7,700,000
92.5%
Average Price per Square Foot ...........................
$1,061
$856
$1,216
$1,406
32.5%
Properties Sold .......................................................
7
3
1
1
-85.7%
Properties Pending Sale .......................................
10
3
2
4
-60.0%
Properties For Sale ................................................
19
23
22
27
42.1%
Days on Market (Pending Sale) ...........................
278
74
38
76
-72.7%
Month’s Supply of Inventory ................................
2.7
7.7
22
27
894.7%
Percent Under Contract ........................................
52.6%
13.0%
9.1%
14.8%
-71.9%
Average Median Price for Last 12 Months ........
$7,201,494
$7,018,188
$7,325,000
$7,347,664
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
$4.000
NOV
$7,700,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,406
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
27 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$7.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Dana Point DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$922,500
$950,138
$939,000
$849,000
-8.0%
Average Price per Square Foot ...........................
$625
$666
$751
$632
1.1%
Properties Sold .......................................................
28
34
25
27
-3.6%
Properties Pending Sale .......................................
21
35
39
29
38.1%
Properties For Sale ................................................
150
185
203
191
27.3%
Days on Market (Pending Sale) ...........................
142
53
61
68
-52.1%
Month’s Supply of Inventory ................................
5.4
5.4
8.1
7.1
32.0%
Percent Under Contract ........................................
14.0%
18.9%
19.2%
15.2%
8.5%
Average Median Price for Last 12 Months ........
$1,035,941
$998,625
$996,750
$1,015,964
-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
$922
NOV
$849,000
DEC JAN
MEDIAN SALES PRICE
FEB
$632
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$849 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
East Bluff - Harbor View DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,825,000
$1,820,000
$2,000,000
$1,893,500
3.8%
Average Price per Square Foot ...........................
$672
$735
$693
$732
8.9%
Properties Sold .......................................................
15
27
21
18
20.0%
Properties Pending Sale .......................................
12
26
21
16
33.3%
Properties For Sale ................................................
95
99
124
109
14.7%
Days on Market (Pending Sale) ...........................
70
52
70
67
-4.3%
Month’s Supply of Inventory ................................
6.3
3.7
5.9
6.1
-4.4%
Percent Under Contract ........................................
12.6%
26.3%
16.9%
14.7%
16.2%
Average Median Price for Last 12 Months ........
$1,786,037
$1,852,185
$1,791,871
$1,842,839
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
$1.825
NOV
$1,893,500
DEC JAN
MEDIAN SALES PRICE
FEB
$732
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.893 M E 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 2016
telesproperties.com
East Costa Mesa DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$892,250
$949,000
$1,067,692
$936,250
4.9%
Average Price per Square Foot ...........................
$491
$601
$572
$523
6.5%
Properties Sold .......................................................
15
7
18
16
6.7%
Properties Pending Sale .......................................
20
10
22
13
-35.0%
Properties For Sale ................................................
55
59
64
59
7.3%
Days on Market (Pending Sale) ...........................
65
53
82
47
-27.7%
Month’s Supply of Inventory ................................
3.7
8.4
3.6
3.7
0.6%
Percent Under Contract ........................................
36.4%
16.9%
34.4%
22.0%
-39.4%
Average Median Price for Last 12 Months ........
$919,896
$1,011,807
$999,383
$1,013,818
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
$892
NOV
$936,250
DEC JAN
MEDIAN SALES PRICE
FEB
$523
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$936 M E 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 2016
telesproperties.com
Fountain Valley DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$729,900
$739,500
$726,500
$752,000
3.0%
Average Price per Square Foot ...........................
$354
$360
$349
$367
3.7%
Properties Sold .......................................................
25
32
34
22
-12.0%
Properties Pending Sale .......................................
32
39
42
22
-31.2%
Properties For Sale ................................................
78
72
92
70
-10.3%
Days on Market (Pending Sale) ...........................
47
37
43
25
-46.8%
Month’s Supply of Inventory ................................
3.1
2.2
2.7
3.2
2.0%
Percent Under Contract ........................................
41.0%
54.2%
45.7%
31.4%
-23.4%
Average Median Price for Last 12 Months ........
$709,658
$746,250
$760,667
$728,723
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
$729
NOV
$752,000
DEC JAN
MEDIAN SALES PRICE
FEB
$367
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 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 2016
telesproperties.com
Huntington Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$802,500
$805,000
$817,500
$860,000
7.2%
Average Price per Square Foot ...........................
$444
$444
$473
$455
2.5%
Properties Sold .......................................................
92
115
102
107
16.3%
Properties Pending Sale .......................................
118
112
101
110
-6.8%
Properties For Sale ................................................
412
385
429
324
-21.4%
Days on Market (Pending Sale) ...........................
55
61
56
46
-16.4%
Month’s Supply of Inventory ................................
4.5
3.3
4.2
3
-32.4%
Percent Under Contract ........................................
28.6%
29.1%
23.5%
34.0%
18.5%
Average Median Price for Last 12 Months ........
$785,629
$826,667
$826,667
$813,227
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
$802
NOV
$860,000
DEC JAN
MEDIAN SALES PRICE
FEB
$455
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 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 2016
telesproperties.com
Irvine DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$965,500
$950,000
$1,005,000
$1,075,000
11.3%
Average Price per Square Foot ...........................
$437
$441
$489
$460
5.3%
Properties Sold .......................................................
90
87
81
84
-6.7%
Properties Pending Sale .......................................
80
110
102
102
27.5%
Properties For Sale ................................................
422
413
529
441
4.5%
Days on Market (Pending Sale) ...........................
72
44
45
63
-12.5%
Month’s Supply of Inventory ................................
4.7
4.7
6.5
5.2
12.0%
Percent Under Contract ........................................
19.0%
26.6%
19.3%
23.1%
22.0%
Average Median Price for Last 12 Months ........
$952,100
$1,062,544
$1,060,296
$1,019,763
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
$965
NOV
$1,075,000
DEC JAN
MEDIAN SALES PRICE
FEB
$460
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 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 2016
telesproperties.com
Ladera Ranch DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$929,900
$850,000
$942,500
$835,000
-10.2%
Average Price per Square Foot ...........................
$350
$342
$370
$330
-5.7%
Properties Sold .......................................................
21
46
28
25
19.0%
Properties Pending Sale .......................................
18
33
23
25
38.9%
Properties For Sale ................................................
107
118
154
107
0.0%
Days on Market (Pending Sale) ...........................
65
44
52
71
9.2%
Month’s Supply of Inventory ................................
5.1
2.6
5.5
4.3
-16.0%
Percent Under Contract ........................................
16.8%
28.0%
14.9%
23.4%
38.9%
Average Median Price for Last 12 Months ........
$856,083
$899,417
$910,000
$859,565
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
$929
NOV
$835,000
DEC JAN
MEDIAN SALES PRICE
FEB
$330
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Laguna Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,775,000
$1,675,000
$1,845,000
$1,900,000
7.0%
Average Price per Square Foot ...........................
$1,451
$986
$1,065
$1,072
-26.1%
Properties Sold .......................................................
23
26
34
26
13.0%
Properties Pending Sale .......................................
25
36
26
29
16.0%
Properties For Sale ................................................
248
274
304
256
3.2%
Days on Market (Pending Sale) ...........................
122
95
70
90
-26.2%
Month’s Supply of Inventory ................................
10.8
10.5
8.9
9.8
-8.7%
Percent Under Contract ........................................
10.1%
13.1%
8.6%
11.3%
12.4%
Average Median Price for Last 12 Months ........
$1,848,498
$1,826,583
$1,811,500
$1,951,231
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
$1.775
NOV
$1,900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,072
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.8 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 2016
telesproperties.com
Laguna Niguel DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$875,750
$915,000
$875,000
$860,000
-1.8%
Average Price per Square Foot ...........................
$403
$409
$425
$416
3.2%
Properties Sold .......................................................
48
61
51
59
22.9%
Properties Pending Sale .......................................
61
74
63
52
-14.8%
Properties For Sale ................................................
253
265
340
253
0.0%
Days on Market (Pending Sale) ...........................
69
47
47
64
-7.2%
Month’s Supply of Inventory ................................
5.3
4.3
6.7
4.3
-18.6%
Percent Under Contract ........................................
24.1%
27.9%
18.5%
20.6%
-14.8%
Average Median Price for Last 12 Months ........
$842,354
$878,750
$883,500
$868,827
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
$875
NOV
$860,000
DEC JAN
MEDIAN SALES PRICE
FEB
$416
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 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 2016
telesproperties.com
Laguna Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,110,000
$717,500
$774,500
$929,950
-16.2%
Average Price per Square Foot ...........................
$359
$354
$367
$377
5.0%
Properties Sold .......................................................
20
25
25
18
-10.0%
Properties Pending Sale .......................................
28
25
22
21
-25.0%
Properties For Sale ................................................
132
116
125
109
-17.4%
Days on Market (Pending Sale) ...........................
52
61
65
74
42.3%
Month’s Supply of Inventory ................................
6.6
4.6
5
6.1
-8.2%
Percent Under Contract ........................................
21.2%
21.6%
17.6%
19.3%
-9.2%
Average Median Price for Last 12 Months ........
$801,811
$866,075
$865,817
$826,650
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 $1.110
OCT NOV
$929,950
DEC JAN
MEDIAN SALES PRICE
FEB
$377
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.1 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 2016
telesproperties.com
Laguna Woods DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$0
$0
$0
$0
n/a
Average Price per Square Foot ...........................
$0
$0
$0
$0
n/a
Properties Sold .......................................................
0
0
0
0
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
0
0
1
n/a
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
n/a
n/a
0.0%
n/a
Average Median Price for Last 12 Months ........
$240,429
$910,000
n/a
$779,500
224.2%
*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
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
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 2016
telesproperties.com
Lantern Village in Dana Point DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$895,000
$777,000
$758,000
$779,500
-12.9%
Average Price per Square Foot ...........................
$536
$482
$539
$458
-14.6%
Properties Sold .......................................................
9
4
4
6
-33.3%
Properties Pending Sale .......................................
1
2
6
6
500.0%
Properties For Sale ................................................
17
19
24
22
29.4%
Days on Market (Pending Sale) ...........................
180
70
68
46
-74.4%
Month’s Supply of Inventory ................................
1.9
4.8
6
3.7
94.1%
Percent Under Contract ........................................
5.9%
10.5%
25.0%
27.3%
363.6%
Average Median Price for Last 12 Months ........
$961,545
$953,583
$868,667
$936,692
-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
$895
NOV
$779,500
DEC JAN
MEDIAN SALES PRICE
FEB
$458
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 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 2016
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$3,554,500
$3,125,000
$3,950,000
$3,835,000
7.9%
Average Price per Square Foot ...........................
$1,513
$1,306
$1,451
$1,860
22.9%
Properties Sold .......................................................
4
5
5
5
25.0%
Properties Pending Sale .......................................
7
4
3
6
-14.3%
Properties For Sale ................................................
35
28
39
34
-2.9%
Days on Market (Pending Sale) ...........................
106
176
105
46
-56.6%
Month’s Supply of Inventory ................................
8.7
5.6
7.8
6.8
-22.3%
Percent Under Contract ........................................
20.0%
14.3%
7.7%
17.6%
-11.8%
Average Median Price for Last 12 Months ........
$3,197,491
$3,220,833
$3,316,667
$3,214,000
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$3.554
NOV
$3,835,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,860
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Mission Viejo DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$659,900
$670,000
$685,000
$687,500
4.2%
Average Price per Square Foot ...........................
$337
$351
$362
$359
6.5%
Properties Sold .......................................................
87
80
105
84
-3.4%
Properties Pending Sale .......................................
92
113
97
73
-20.7%
Properties For Sale ................................................
304
284
338
256
-15.8%
Days on Market (Pending Sale) ...........................
64
40
51
47
-26.6%
Month’s Supply of Inventory ................................
3.5
3.6
3.2
3
-12.8%
Percent Under Contract ........................................
30.3%
39.8%
28.7%
28.5%
-5.8%
Average Median Price for Last 12 Months ........
$655,929
$692,250
$696,167
$676,646
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$659
NOV
$687,500
DEC JAN
MEDIAN SALES PRICE
FEB
$359
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$687 M E 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 2016
telesproperties.com
Monarch Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,690,000
$2,250,000
$2,150,000
$2,357,875
-12.3%
Average Price per Square Foot ...........................
$880
$965
$1,277
$807
-8.3%
Properties Sold .......................................................
9
11
7
6
-33.3%
Properties Pending Sale .......................................
8
12
14
12
50.0%
Properties For Sale ................................................
67
92
91
90
34.3%
Days on Market (Pending Sale) ...........................
213
48
71
87
-59.2%
Month’s Supply of Inventory ................................
7.4
8.4
13
15
101.5%
Percent Under Contract ........................................
11.9%
13.0%
15.4%
13.3%
11.7%
Average Median Price for Last 12 Months ........
$1,567,188
$1,758,396
$1,868,458
$1,791,846
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.690
NOV
$2,357,875
DEC JAN
MEDIAN SALES PRICE
FEB
$807
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
15 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.357 M E 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 2016
telesproperties.com
Nelle Gail DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,120,000
$717,500
$787,200
$929,950
-17.0%
Average Price per Square Foot ...........................
$359
$353
$366
$377
5.0%
Properties Sold .......................................................
19
23
24
18
-5.3%
Properties Pending Sale .......................................
27
25
20
19
-29.6%
Properties For Sale ................................................
131
115
119
106
-19.1%
Days on Market (Pending Sale) ...........................
51
61
66
67
31.4%
Month’s Supply of Inventory ................................
6.9
5
5
5.9
-14.6%
Percent Under Contract ........................................
20.6%
21.7%
16.8%
17.9%
-13.0%
Average Median Price for Last 12 Months ........
$820,758
$871,525
$872,483
$831,281
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 $1.120
OCT NOV
$929,950
DEC JAN
MEDIAN SALES PRICE
FEB
$377
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.9 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 2016
telesproperties.com
Newport Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,035,000
$1,925,000
$2,000,000
$1,860,000
-8.6%
Average Price per Square Foot ...........................
$862
$862
$931
$923
7.1%
Properties Sold .......................................................
41
62
67
47
14.6%
Properties Pending Sale .......................................
53
57
58
54
1.9%
Properties For Sale ................................................
317
353
410
364
14.8%
Days on Market (Pending Sale) ...........................
88
70
69
78
-11.4%
Month’s Supply of Inventory ................................
7.7
5.7
6.1
7.7
0.2%
Percent Under Contract ........................................
16.7%
16.1%
14.1%
14.8%
-11.3%
Average Median Price for Last 12 Months ........
$1,852,964
$1,948,883
$1,869,333
$1,947,562
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
$2.035
NOV
$1,860,000
DEC JAN
MEDIAN SALES PRICE
FEB
$923
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.860 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Newport Coast DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,598,000
$2,350,000
$2,725,000
$2,300,000
-11.5%
Average Price per Square Foot ...........................
$835
$722
$974
$785
-6.0%
Properties Sold .......................................................
7
14
12
12
71.4%
Properties Pending Sale .......................................
10
17
17
19
90.0%
Properties For Sale ................................................
100
113
121
121
21.0%
Days on Market (Pending Sale) ...........................
110
68
88
97
-11.8%
Month’s Supply of Inventory ................................
14.3
8.1
10.1
10.1
-29.4%
Percent Under Contract ........................................
10.0%
15.0%
14.0%
15.7%
57.0%
Average Median Price for Last 12 Months ........
$3,307,624
$3,018,333
$3,258,333
$2,856,192
-13.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.598
NOV
$2,300,000
DEC JAN
MEDIAN SALES PRICE
FEB
$785
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.300 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 2016
telesproperties.com
Newport Heights DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,290,000
$1,354,500
$1,562,500
$1,816,875
40.8%
Average Price per Square Foot ...........................
$564
$713
$804
$578
2.5%
Properties Sold .......................................................
3
4
8
2
-33.3%
Properties Pending Sale .......................................
5
2
6
4
-20.0%
Properties For Sale ................................................
33
42
56
47
42.4%
Days on Market (Pending Sale) ...........................
67
48
36
161
140.3%
Month’s Supply of Inventory ................................
11
10.5
7
23.5
113.6%
Percent Under Contract ........................................
15.2%
4.8%
10.7%
8.5%
-43.8%
Average Median Price for Last 12 Months ........
$1,581,417
$2,163,625
$2,401,875
$1,747,927
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
$1.290
NOV
$1,816,875
DEC JAN
MEDIAN SALES PRICE
FEB
$578
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
23.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.816 M E 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 2016
telesproperties.com
Rancho Santa Margarita DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$703,000
$765,000
$730,000
$725,000
3.1%
Average Price per Square Foot ...........................
$332
$314
$334
$339
2.1%
Properties Sold .......................................................
40
43
43
43
7.5%
Properties Pending Sale .......................................
45
57
49
48
6.7%
Properties For Sale ................................................
150
133
176
156
4.0%
Days on Market (Pending Sale) ...........................
76
44
57
61
-19.7%
Month’s Supply of Inventory ................................
3.8
3.1
4.1
3.6
-3.3%
Percent Under Contract ........................................
30.0%
42.9%
27.8%
30.8%
2.6%
Average Median Price for Last 12 Months ........
$664,183
$726,667
$732,500
$721,596
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$703
NOV
$725,000
DEC JAN
MEDIAN SALES PRICE
FEB
$339
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
San Clemente DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$881,000
$900,000
$899,000
$945,000
7.3%
Average Price per Square Foot ...........................
$421
$405
$416
$443
5.2%
Properties Sold .......................................................
44
82
75
61
38.6%
Properties Pending Sale .......................................
58
85
63
60
3.4%
Properties For Sale ................................................
312
338
384
295
-5.4%
Days on Market (Pending Sale) ...........................
79
62
80
89
12.7%
Month’s Supply of Inventory ................................
7.1
4.1
5.1
4.8
-31.8%
Percent Under Contract ........................................
18.6%
25.1%
16.4%
20.3%
9.4%
Average Median Price for Last 12 Months ........
$868,234
$932,354
$920,040
$929,158
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
$881
NOV
$945,000
DEC JAN
MEDIAN SALES PRICE
FEB
$443
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 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 2016
telesproperties.com
San Juan Capistrano DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$805,500
$1,060,000
$900,000
$925,000
14.8%
Average Price per Square Foot ...........................
$373
$329
$433
$364
-2.4%
Properties Sold .......................................................
27
19
29
33
22.2%
Properties Pending Sale .......................................
16
33
31
29
81.2%
Properties For Sale ................................................
146
183
225
183
25.3%
Days on Market (Pending Sale) ...........................
95
61
88
103
8.4%
Month’s Supply of Inventory ................................
5.4
9.6
7.8
5.5
2.6%
Percent Under Contract ........................................
11.0%
18.0%
13.8%
15.8%
44.6%
Average Median Price for Last 12 Months ........
$853,313
$939,208
$965,000
$965,174
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
$805
NOV
$925,000
DEC JAN
MEDIAN SALES PRICE
FEB
$364
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Shady Canyon DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,085,500
$1,290,000
$2,277,500
$1,680,000
-19.4%
Average Price per Square Foot ...........................
$621
$519
$650
$671
8.1%
Properties Sold .......................................................
6
10
12
9
50.0%
Properties Pending Sale .......................................
5
19
12
9
80.0%
Properties For Sale ................................................
83
88
107
102
22.9%
Days on Market (Pending Sale) ...........................
100
78
56
107
7.0%
Month’s Supply of Inventory ................................
13.8
8.8
8.9
11.3
-18.1%
Percent Under Contract ........................................
6.0%
21.6%
11.2%
8.8%
46.5%
Average Median Price for Last 12 Months ........
$2,332,750
$1,924,417
$1,796,667
$1,847,554
-20.8%
*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
$2.085
NOV
$1,680,000
DEC JAN
MEDIAN SALES PRICE
FEB
$671
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Turtle Ridge DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,275,500
$0
$2,950,000
$2,925,000
28.5%
Average Price per Square Foot ...........................
$681
$0
$748
$800
17.5%
Properties Sold .......................................................
4
0
4
2
-50.0%
Properties Pending Sale .......................................
3
4
1
1
-66.7%
Properties For Sale ................................................
17
19
14
23
35.3%
Days on Market (Pending Sale) ...........................
164
68
87
244
48.8%
Month’s Supply of Inventory ................................
4.2
n/a
3.5
11.5
170.6%
Percent Under Contract ........................................
17.6%
21.1%
7.1%
4.3%
-75.4%
Average Median Price for Last 12 Months ........
$2,257,620
$2,588,108
$2,509,550
$2,709,468
20.0%
*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
$2,925,000
DEC JAN
MEDIAN SALES PRICE
FEB
$800
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Turtle Rock DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,331,000
$1,325,000
$1,655,000
$1,520,000
14.2%
Average Price per Square Foot ...........................
$477
$523
$623
$600
25.8%
Properties Sold .......................................................
2
7
5
8
300.0%
Properties Pending Sale .......................................
4
12
6
9
125.0%
Properties For Sale ................................................
54
53
79
69
27.8%
Days on Market (Pending Sale) ...........................
115
77
46
83
-27.8%
Month’s Supply of Inventory ................................
27
7.6
15.8
8.6
-68.1%
Percent Under Contract ........................................
7.4%
22.6%
7.6%
13.0%
76.1%
Average Median Price for Last 12 Months ........
$1,385,023
$1,687,583
$1,703,833
$1,813,431
30.9%
*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
$1.331
NOV
$1,520,000
DEC JAN
MEDIAN SALES PRICE
FEB
$600
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Westminster DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$600,000
$581,000
$599,500
$610,000
1.7%
Average Price per Square Foot ...........................
$322
$369
$348
$343
6.5%
Properties Sold .......................................................
41
26
30
29
-29.3%
Properties Pending Sale .......................................
32
50
35
35
9.4%
Properties For Sale ................................................
110
92
102
92
-16.4%
Days on Market (Pending Sale) ...........................
47
34
32
40
-14.9%
Month’s Supply of Inventory ................................
2.7
3.5
3.4
3.2
18.2%
Percent Under Contract ........................................
29.1%
54.3%
34.3%
38.0%
30.8%
Average Median Price for Last 12 Months ........
$556,188
$613,833
$616,167
$591,192
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
$600
NOV
$610,000
DEC JAN
MEDIAN SALES PRICE
FEB
$343
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
West Bay - Santa Ana Heights DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,100,000
$1,800,000
$1,825,000
$1,520,000
-27.6%
Average Price per Square Foot ...........................
$776
$609
$703
$623
-19.7%
Properties Sold .......................................................
11
13
18
12
9.1%
Properties Pending Sale .......................................
15
11
12
8
-46.7%
Properties For Sale ................................................
68
70
70
56
-17.6%
Days on Market (Pending Sale) ...........................
115
42
62
53
-53.9%
Month’s Supply of Inventory ................................
6.2
5.4
3.9
4.7
-24.5%
Percent Under Contract ........................................
22.1%
15.7%
17.1%
14.3%
-35.2%
Average Median Price for Last 12 Months ........
$1,555,254
$1,548,583
$1,581,667
$1,639,231
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 $2.100
OCT NOV
$1,520,000
DEC JAN
MEDIAN SALES PRICE
FEB
$623
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
West Newport - Lido DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$3,025,000
$2,350,000
$2,457,500
$1,919,000
-36.6%
Average Price per Square Foot ...........................
$1,110
$1,275
$1,380
$1,131
1.9%
Properties Sold .......................................................
4
9
11
7
75.0%
Properties Pending Sale .......................................
7
8
11
18
157.1%
Properties For Sale ................................................
47
57
63
74
57.4%
Days on Market (Pending Sale) ...........................
45
125
95
99
120.0%
Month’s Supply of Inventory ................................
11.8
6.3
5.7
10.6
-10.0%
Percent Under Contract ........................................
14.9%
14.0%
17.5%
24.3%
63.3%
Average Median Price for Last 12 Months ........
$2,291,125
$2,692,750
$2,959,667
$2,464,192
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.025
OCT NOV
$1,919,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,131
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.919 M E 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 2016
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : October 2016
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : October 2016
telesproperties.com
Carpinteria DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$845,000
$856,000
$985,000
$956,250
13.2%
Average Price per Square Foot ...........................
$1,220
$555
$771
$644
-47.2%
Properties Sold .......................................................
7
4
6
8
14.3%
Properties Pending Sale .......................................
6
9
6
8
33.3%
Properties For Sale ................................................
28
36
42
48
71.4%
Days on Market (Pending Sale) ...........................
62
77
18
82
32.3%
Month’s Supply of Inventory ................................
4
9
7
6
50.0%
Percent Under Contract ........................................
21.4%
25.0%
14.3%
16.7%
-22.2%
Average Median Price for Last 12 Months ........
$914,535
$990,875
$933,583
$1,018,090
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
$845
NOV
$956,250
DEC JAN
MEDIAN SALES PRICE
FEB
$644
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$956 M E 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 2016
telesproperties.com
Goleta DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$900,000
$847,500
$895,000
$769,750
-14.5%
Average Price per Square Foot ...........................
$493
$564
$446
$477
-3.2%
Properties Sold .......................................................
9
10
7
8
-11.1%
Properties Pending Sale .......................................
7
10
13
18
157.1%
Properties For Sale ................................................
28
38
46
53
89.3%
Days on Market (Pending Sale) ...........................
58
45
47
32
-44.8%
Month’s Supply of Inventory ................................
3.1
3.8
6.6
6.6
112.9%
Percent Under Contract ........................................
25.0%
26.3%
28.3%
34.0%
35.8%
Average Median Price for Last 12 Months ........
$778,705
$868,208
$861,583
$838,444
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $900
OCT NOV
$769,750
DEC JAN
MEDIAN SALES PRICE
FEB
$477
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$769 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Hope Ranch DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$6,122,500
$5,175,000
$2,375,000
$1,500,000
-75.5%
Average Price per Square Foot ...........................
$1,009
$1,166
$755
$755
-25.2%
Properties Sold .......................................................
4
1
3
1
-75.0%
Properties Pending Sale .......................................
2
6
2
3
50.0%
Properties For Sale ................................................
15
32
35
42
180.0%
Days on Market (Pending Sale) ...........................
104
159
70
153
47.1%
Month’s Supply of Inventory ................................
3.8
32
11.7
42
1020.0%
Percent Under Contract ........................................
13.3%
18.8%
5.7%
7.1%
-46.4%
Average Median Price for Last 12 Months ........
$3,280,843
$2,608,333
$3,108,333
$3,528,000
7.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.122
OCT NOV
$1,500,000
DEC JAN
MEDIAN SALES PRICE
FEB
$755
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
42 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 2016
telesproperties.com
Montecito DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$2,277,500
$3,350,000
$2,675,000
$2,660,000
16.8%
Average Price per Square Foot ...........................
$1,000
$844
$958
$948
-5.2%
Properties Sold .......................................................
14
15
19
13
-7.1%
Properties Pending Sale .......................................
15
20
16
19
26.7%
Properties For Sale ................................................
167
188
201
191
14.4%
Days on Market (Pending Sale) ...........................
98
122
138
117
19.4%
Month’s Supply of Inventory ................................
11.9
12.5
10.6
14.7
23.2%
Percent Under Contract ........................................
9.0%
10.6%
8.0%
9.9%
10.8%
Average Median Price for Last 12 Months ........
$3,250,526
$2,649,167
$2,465,000
$2,922,115
-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
$2.277
NOV
$2,660,000
DEC JAN
MEDIAN SALES PRICE
FEB
$948
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Santa Barbara East of State DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,007,500
$1,291,250
$1,205,000
$1,147,500
13.9%
Average Price per Square Foot ...........................
$695
$697
$758
$707
1.7%
Properties Sold .......................................................
26
46
22
28
7.7%
Properties Pending Sale .......................................
18
35
33
27
50.0%
Properties For Sale ................................................
128
130
177
158
23.4%
Days on Market (Pending Sale) ...........................
67
45
49
71
6.0%
Month’s Supply of Inventory ................................
4.9
2.8
8
5.6
14.6%
Percent Under Contract ........................................
14.1%
26.9%
18.6%
17.1%
21.5%
Average Median Price for Last 12 Months ........
$1,188,417
$1,239,563
$1,258,833
$1,304,587
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
$1.007
NOV
$1,147,500
DEC JAN
MEDIAN SALES PRICE
FEB
$707
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.147 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Santa Barbara West of State DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,135,000
$976,500
$1,050,000
$1,092,500
-3.7%
Average Price per Square Foot ...........................
$645
$647
$665
$776
20.3%
Properties Sold .......................................................
15
16
15
13
-13.3%
Properties Pending Sale .......................................
15
23
25
17
13.3%
Properties For Sale ................................................
74
79
107
94
27.0%
Days on Market (Pending Sale) ...........................
51
41
52
51
0.0%
Month’s Supply of Inventory ................................
4.9
4.9
7.1
7.2
46.6%
Percent Under Contract ........................................
20.3%
29.1%
23.4%
18.1%
-10.8%
Average Median Price for Last 12 Months ........
$1,037,500
$1,063,417
$1,135,833
$1,066,756
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
$1.135
NOV
$1,092,500
DEC JAN
MEDIAN SALES PRICE
FEB
$776
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.092 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 2016
telesproperties.com
Santa Ynez DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$840,000
$635,000
$822,500
$657,500
-21.7%
Average Price per Square Foot ...........................
$338
$439
$346
$537
58.9%
Properties Sold .......................................................
8
9
10
16
100.0%
Properties Pending Sale .......................................
11
25
14
14
27.3%
Properties For Sale ................................................
123
170
150
146
18.7%
Days on Market (Pending Sale) ...........................
76
91
86
137
80.3%
Month’s Supply of Inventory ................................
15.4
18.9
15
9.1
-40.7%
Percent Under Contract ........................................
8.9%
14.7%
9.3%
9.6%
7.2%
Average Median Price for Last 12 Months ........
$787,000
$789,000
$774,167
$751,885
-4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $840
OCT NOV
$657,500
DEC JAN
MEDIAN SALES PRICE
FEB
$537
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$657 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : October 2016
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : October 2016
telesproperties.com
Carmel DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,284,000
$1,775,000
$1,195,000
$1,287,500
0.3%
Average Price per Square Foot ...........................
$777
$979
$724
$889
14.4%
Properties Sold .......................................................
21
25
24
24
14.3%
Properties Pending Sale .......................................
30
32
28
25
-16.7%
Properties For Sale ................................................
173
153
183
184
6.4%
Days on Market (Pending Sale) ...........................
101
82
83
87
-13.9%
Month’s Supply of Inventory ................................
8.2
6.1
7.6
7.7
-6.9%
Percent Under Contract ........................................
17.3%
20.9%
15.3%
13.6%
-21.6%
Average Median Price for Last 12 Months ........
$1,375,679
$1,417,500
$1,387,500
$1,453,577
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
$1.284
NOV
$1,287,500
DEC JAN
MEDIAN SALES PRICE
FEB
$889
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.287 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Carmel Valley DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$716,910
$975,000
$845,000
$1,225,000
70.9%
Average Price per Square Foot ...........................
$340
$463
$487
$524
54.1%
Properties Sold .......................................................
6
9
11
4
-33.3%
Properties Pending Sale .......................................
8
15
9
11
37.5%
Properties For Sale ................................................
70
76
73
71
1.4%
Days on Market (Pending Sale) ...........................
80
97
67
82
2.5%
Month’s Supply of Inventory ................................
11.7
8.4
6.6
17.8
52.1%
Percent Under Contract ........................................
11.4%
19.7%
12.3%
15.5%
35.6%
Average Median Price for Last 12 Months ........
$907,400
$1,103,333
$1,112,500
$977,185
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$716
NOV
$1,225,000
DEC JAN
MEDIAN SALES PRICE
FEB
$524
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
17.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.225 M E 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 2016
telesproperties.com
Marina DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$447,500
$460,000
$475,000
$505,500
13.0%
Average Price per Square Foot ...........................
$278
$319
$333
$326
17.3%
Properties Sold .......................................................
12
9
11
14
16.7%
Properties Pending Sale .......................................
14
15
10
7
-50.0%
Properties For Sale ................................................
32
30
27
31
-3.1%
Days on Market (Pending Sale) ...........................
34
30
23
40
17.6%
Month’s Supply of Inventory ................................
2.7
3.3
2.5
2.2
-17.0%
Percent Under Contract ........................................
43.8%
50.0%
37.0%
22.6%
-48.4%
Average Median Price for Last 12 Months ........
$438,446
$496,917
$515,167
$478,231
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
$447
NOV
$505,500
DEC JAN
MEDIAN SALES PRICE
FEB
$326
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 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 2016
telesproperties.com
Monterey DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$644,500
$797,500
$845,000
$689,850
7.0%
Average Price per Square Foot ...........................
$487
$464
$460
$427
-12.3%
Properties Sold .......................................................
24
18
14
14
-41.7%
Properties Pending Sale .......................................
29
24
19
14
-51.7%
Properties For Sale ................................................
102
85
107
88
-13.7%
Days on Market (Pending Sale) ...........................
76
69
33
38
-50.0%
Month’s Supply of Inventory ................................
4.2
4.7
7.6
6.3
47.9%
Percent Under Contract ........................................
28.4%
28.2%
17.8%
15.9%
-44.0%
Average Median Price for Last 12 Months ........
$690,171
$776,142
$752,283
$730,315
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
$644
NOV
$689,850
DEC JAN
MEDIAN SALES PRICE
FEB
$427
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$689 M E 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 2016
telesproperties.com
Pacific Grove DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$860,000
$792,500
$813,000
$970,000
12.8%
Average Price per Square Foot ...........................
$560
$566
$682
$552
-1.4%
Properties Sold .......................................................
13
16
16
7
-46.2%
Properties Pending Sale .......................................
10
18
12
14
40.0%
Properties For Sale ................................................
61
62
64
66
8.2%
Days on Market (Pending Sale) ...........................
79
37
49
54
-31.6%
Month’s Supply of Inventory ................................
4.7
3.9
4
9.4
100.9%
Percent Under Contract ........................................
16.4%
29.0%
18.8%
21.2%
29.4%
Average Median Price for Last 12 Months ........
$783,208
$891,333
$865,833
$862,308
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
$860
NOV
$970,000
DEC JAN
MEDIAN SALES PRICE
FEB
$552
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$970 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Pebble Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,675,000
$1,295,000
$1,490,000
$2,200,000
31.3%
Average Price per Square Foot ...........................
$711
$562
$790
$1,332
87.3%
Properties Sold .......................................................
17
11
11
7
-58.8%
Properties Pending Sale .......................................
12
8
20
9
-25.0%
Properties For Sale ................................................
87
76
89
86
-1.1%
Days on Market (Pending Sale) ...........................
60
51
120
101
68.3%
Month’s Supply of Inventory ................................
5.1
6.9
8.1
12.3
140.1%
Percent Under Contract ........................................
13.8%
10.5%
22.5%
10.5%
-24.1%
Average Median Price for Last 12 Months ........
$1,595,854
$1,738,333
$2,019,000
$1,593,731
-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
$1.675
NOV
$2,200,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,332
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Salinas DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$400,000
$432,000
$465,000
$460,500
15.1%
Average Price per Square Foot ...........................
$267
$274
$285
$278
4.1%
Properties Sold .......................................................
55
50
61
60
9.1%
Properties Pending Sale .......................................
67
73
77
64
-4.5%
Properties For Sale ................................................
222
206
231
209
-5.9%
Days on Market (Pending Sale) ...........................
51
45
49
60
17.6%
Month’s Supply of Inventory ................................
4
4.1
3.8
3.5
-13.7%
Percent Under Contract ........................................
30.2%
35.4%
33.3%
30.6%
1.5%
Average Median Price for Last 12 Months ........
$408,902
$473,750
$475,167
$445,385
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
$400
NOV
$460,500
DEC JAN
MEDIAN SALES PRICE
FEB
$278
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 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 2016
telesproperties.com
Seaside DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$399,000
$418,500
$502,500
$450,000
12.8%
Average Price per Square Foot ...........................
$333
$361
$372
$366
9.9%
Properties Sold .......................................................
19
18
24
16
-15.8%
Properties Pending Sale .......................................
17
16
15
17
0.0%
Properties For Sale ................................................
40
42
57
45
12.5%
Days on Market (Pending Sale) ...........................
70
27
26
56
-20.0%
Month’s Supply of Inventory ................................
2.1
2.3
2.4
2.8
33.6%
Percent Under Contract ........................................
42.5%
38.1%
26.3%
37.8%
-11.1%
Average Median Price for Last 12 Months ........
$384,000
$465,058
$471,667
$454,661
18.4%
*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
$399
NOV
$450,000
DEC JAN
MEDIAN SALES PRICE
FEB
$366
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
San Diego County
San Diego Macro
La Jolla
Bay Park/Old Town/Midway District
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
Linda Vista/Clairemont Mesa East
Chula Vista
National City
Clairemont/Bay Ho/Bay Park
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
Micro Market Report : October 2016
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : October 2016
telesproperties.com
San Diego County DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$525,000
$562,500
$564,500
$580,000
10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1836
2193
2166
1960
6.8%
Properties Pending Sale .......................................
2098
2628
2283
2069
-1.4%
Properties For Sale ................................................
8,177
7,950
8,723
7,879
-3.6%
Days on Market (Pending Sale) ...........................
48
38
39
44
-8.3%
Month’s Supply of Inventory ................................
4.5
3.6
4
4
-9.7%
Percent Under Contract ........................................
25.7%
33.1%
26.2%
26.3%
2.3%
Average Median Price for Last 12 Months ........
$517,229
$568,833
$571,667
$552,519
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
$525
NOV
$580,000
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
$580 M E 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 2016
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$715,000
$690,000
$757,000
$710,000
-0.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
11
9
8
9
-18.2%
Properties Pending Sale .......................................
7
13
6
12
71.4%
Properties For Sale ................................................
41
30
34
31
-24.4%
Days on Market (Pending Sale) ...........................
54
41
29
57
5.6%
Month’s Supply of Inventory ................................
3.7
3.3
4.2
3.4
-7.6%
Percent Under Contract ........................................
17.1%
43.3%
17.6%
38.7%
126.7%
Average Median Price for Last 12 Months ........
$666,604
$768,225
$779,117
$728,565
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
$715
NOV
$710,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Carlsbad DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$880,000
$823,000
$865,000
$850,500
-3.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
91
105
96
96
5.5%
Properties Pending Sale .......................................
73
124
99
78
6.8%
Properties For Sale ................................................
351
339
404
323
-8.0%
Days on Market (Pending Sale) ...........................
40
28
32
41
2.5%
Month’s Supply of Inventory ................................
3.9
3.2
4.2
3.4
-12.8%
Percent Under Contract ........................................
20.8%
36.6%
24.5%
24.1%
16.1%
Average Median Price for Last 12 Months ........
$815,494
$892,333
$876,500
$861,483
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
$880
NOV
$850,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 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 2016
telesproperties.com
Carmel Valley DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,165,000
$1,085,000
$1,104,500
$1,075,000
-7.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
33
53
52
41
24.2%
Properties Pending Sale .......................................
40
50
47
37
-7.5%
Properties For Sale ................................................
212
196
223
149
-29.7%
Days on Market (Pending Sale) ...........................
48
35
40
45
-6.2%
Month’s Supply of Inventory ................................
6.4
3.7
4.3
3.6
-43.4%
Percent Under Contract ........................................
18.9%
25.5%
21.1%
24.8%
31.6%
Average Median Price for Last 12 Months ........
$1,151,333
$1,155,083
$1,186,667
$1,131,534
-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
$1.165
NOV
$1,075,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 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 2016
telesproperties.com
Chula Vista DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$489,919
$519,500
$501,750
$530,000
8.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
147
157
140
156
6.1%
Properties Pending Sale .......................................
143
215
170
154
7.7%
Properties For Sale ................................................
572
482
510
472
-17.5%
Days on Market (Pending Sale) ...........................
52
36
35
45
-13.5%
Month’s Supply of Inventory ................................
3.9
3.1
3.6
3
-22.2%
Percent Under Contract ........................................
25.0%
44.6%
33.3%
32.6%
30.5%
Average Median Price for Last 12 Months ........
$466,578
$512,608
$524,667
$503,082
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
$489
NOV
$530,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$547,500
$572,500
$591,150
$600,000
9.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
47
45
46
31
-34.0%
Properties Pending Sale .......................................
40
50
43
39
-2.5%
Properties For Sale ................................................
109
111
122
88
-19.3%
Days on Market (Pending Sale) ...........................
31
26
18
22
-29.0%
Month’s Supply of Inventory ................................
2.3
2.5
2.7
2.8
22.4%
Percent Under Contract ........................................
36.7%
45.0%
35.2%
44.3%
20.8%
Average Median Price for Last 12 Months ........
$541,667
$583,325
$580,100
$574,023
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
$547
NOV
$600,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 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 2016
telesproperties.com
Coronado DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,500,800
$1,640,000
$1,835,000
$1,650,000
9.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
16
20
13
12
-25.0%
Properties Pending Sale .......................................
8
26
12
13
62.5%
Properties For Sale ................................................
124
137
137
134
8.1%
Days on Market (Pending Sale) ...........................
202
68
102
104
-48.5%
Month’s Supply of Inventory ................................
7.8
6.8
10.5
11.2
44.1%
Percent Under Contract ........................................
6.5%
19.0%
8.8%
9.7%
50.4%
Average Median Price for Last 12 Months ........
$1,696,233
$1,824,458
$1,833,333
$1,713,214
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.500
NOV
$1,650,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Del Mar DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,901,250
$1,606,000
$1,483,750
$2,018,750
6.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
12
22
12
18
50.0%
Properties Pending Sale .......................................
13
23
14
16
23.1%
Properties For Sale ................................................
85
109
95
91
7.1%
Days on Market (Pending Sale) ...........................
49
29
64
54
10.2%
Month’s Supply of Inventory ................................
7.1
5
7.9
5.1
-28.6%
Percent Under Contract ........................................
15.3%
21.1%
14.7%
17.6%
15.0%
Average Median Price for Last 12 Months ........
$1,692,406
$1,775,000
$1,722,083
$1,817,115
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.901
NOV
$2,018,750
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.018 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
El Cajon DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$465,000
$457,000
$493,250
$507,500
9.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
94
98
96
98
4.3%
Properties Pending Sale .......................................
92
134
105
123
33.7%
Properties For Sale ................................................
373
372
357
389
4.3%
Days on Market (Pending Sale) ...........................
44
37
35
44
0.0%
Month’s Supply of Inventory ................................
4
3.8
3.7
4
0.0%
Percent Under Contract ........................................
24.7%
36.0%
29.4%
31.6%
28.2%
Average Median Price for Last 12 Months ........
$448,496
$496,510
$491,437
$472,793
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
$465
NOV
$507,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Encinitas DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$904,500
$904,500
$1,325,000
$1,246,500
37.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
30
40
43
44
46.7%
Properties Pending Sale .......................................
35
48
48
36
2.9%
Properties For Sale ................................................
162
177
193
185
14.2%
Days on Market (Pending Sale) ...........................
43
41
37
41
-4.7%
Month’s Supply of Inventory ................................
5.4
4.4
4.5
4.2
-22.1%
Percent Under Contract ........................................
21.6%
27.1%
24.9%
19.5%
-9.9%
Average Median Price for Last 12 Months ........
$1,088,571
$1,227,500
$1,186,333
$1,123,500
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
$904
NOV
$1,246,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.246 M E 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 2016
telesproperties.com
Escondido DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$449,500
$484,500
$527,500
$508,500
13.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
126
132
137
142
12.7%
Properties Pending Sale .......................................
120
185
136
148
23.3%
Properties For Sale ................................................
528
513
567
568
7.6%
Days on Market (Pending Sale) ...........................
45
38
50
47
4.4%
Month’s Supply of Inventory ................................
4.2
3.9
4.1
4
-4.5%
Percent Under Contract ........................................
22.7%
36.1%
24.0%
26.1%
14.6%
Average Median Price for Last 12 Months ........
$448,625
$501,018
$496,500
$489,124
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
$449
NOV
$508,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$508 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Imperial-Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$445,000
$406,500
$539,000
$589,500
32.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
13
4
7
10
-23.1%
Properties Pending Sale .......................................
16
13
11
11
-31.2%
Properties For Sale ................................................
32
27
36
40
25.0%
Days on Market (Pending Sale) ...........................
38
32
24
57
50.0%
Month’s Supply of Inventory ................................
2.5
6.8
5.1
4
62.5%
Percent Under Contract ........................................
50.0%
48.1%
30.6%
27.5%
-45.0%
Average Median Price for Last 12 Months ........
$446,063
$526,125
$570,500
$486,327
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
$445
NOV
$589,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$589 M E 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 2016
telesproperties.com
La Jolla DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,790,000
$2,050,000
$2,100,000
$1,825,000
2.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
24
41
31
22
-8.3%
Properties Pending Sale .......................................
27
34
31
31
14.8%
Properties For Sale ................................................
267
258
296
254
-4.9%
Days on Market (Pending Sale) ...........................
82
44
56
70
-14.6%
Month’s Supply of Inventory ................................
11.1
6.3
9.5
11.5
3.8%
Percent Under Contract ........................................
10.1%
13.2%
10.5%
12.2%
20.7%
Average Median Price for Last 12 Months ........
$1,768,380
$2,013,500
$1,942,500
$1,982,000
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.790
NOV
$1,825,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.5 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 2016
telesproperties.com
La Mesa DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$501,500
$530,000
$505,000
$510,000
1.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
54
71
59
56
3.7%
Properties Pending Sale .......................................
46
74
58
46
0.0%
Properties For Sale ................................................
185
191
221
190
2.7%
Days on Market (Pending Sale) ...........................
46
36
34
36
-21.7%
Month’s Supply of Inventory ................................
4
2.6
3.8
3.4
-15.6%
Percent Under Contract ........................................
24.9%
38.7%
26.2%
24.2%
-2.6%
Average Median Price for Last 12 Months ........
$475,793
$518,417
$528,667
$504,404
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
$501
NOV
$510,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$532,500
$530,000
$543,000
$540,000
1.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
18
21
23
17
-5.6%
Properties Pending Sale .......................................
18
14
18
30
66.7%
Properties For Sale ................................................
64
38
48
49
-23.4%
Days on Market (Pending Sale) ...........................
43
15
30
28
-34.9%
Month’s Supply of Inventory ................................
3.6
2.7
2.7
2.9
-18.9%
Percent Under Contract ........................................
28.1%
36.8%
37.5%
61.2%
117.7%
Average Median Price for Last 12 Months ........
$508,004
$545,417
$539,500
$534,077
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
$532
NOV
$540,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Lemon Grove DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$341,000
$405,000
$415,500
$425,500
24.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
21
22
22
16
-23.8%
Properties Pending Sale .......................................
27
27
23
22
-18.5%
Properties For Sale ................................................
59
62
57
56
-5.1%
Days on Market (Pending Sale) ...........................
27
31
64
44
63.0%
Month’s Supply of Inventory ................................
2.2
2.3
2.5
3.5
60.2%
Percent Under Contract ........................................
45.8%
43.5%
40.4%
39.3%
-14.2%
Average Median Price for Last 12 Months ........
$370,267
$413,667
$422,500
$402,731
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$341
NOV
$425,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
National City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$348,500
$360,000
$392,000
$388,250
11.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
18
17
15
8
-55.6%
Properties Pending Sale .......................................
25
27
17
21
-16.0%
Properties For Sale ................................................
61
49
52
71
16.4%
Days on Market (Pending Sale) ...........................
24
34
73
40
66.7%
Month’s Supply of Inventory ................................
2.4
1.8
3.1
8.9
263.7%
Percent Under Contract ........................................
41.0%
55.1%
32.7%
29.6%
-27.8%
Average Median Price for Last 12 Months ........
$335,283
$378,542
$382,750
$363,827
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
$348
NOV
$388,250
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$388 M E 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 2016
telesproperties.com
Oceanside DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$470,000
$507,500
$528,000
$510,000
8.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
103
148
143
147
42.7%
Properties Pending Sale .......................................
132
159
164
115
-12.9%
Properties For Sale ................................................
411
349
429
340
-17.3%
Days on Market (Pending Sale) ...........................
43
29
30
35
-18.6%
Month’s Supply of Inventory ................................
4
2.4
3
2.3
-42.0%
Percent Under Contract ........................................
32.1%
45.6%
38.2%
33.8%
5.3%
Average Median Price for Last 12 Months ........
$936,400
$511,833
$511,000
$493,462
-89.8%
*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
$470
NOV
$510,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$510 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Poway DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$596,500
$590,000
$677,500
$658,750
10.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
26
39
48
36
38.5%
Properties Pending Sale .......................................
35
61
44
37
5.7%
Properties For Sale ................................................
194
198
216
178
-8.2%
Days on Market (Pending Sale) ...........................
36
34
37
40
11.1%
Month’s Supply of Inventory ................................
7.5
5.1
4.5
4.9
-33.7%
Percent Under Contract ........................................
18.0%
30.8%
20.4%
20.8%
15.2%
Average Median Price for Last 12 Months ........
$634,146
$688,958
$666,250
$658,462
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$596
NOV
$658,750
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$658 M E 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 2016
telesproperties.com
Rancho Bernardo DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$678,500
$724,500
$733,888
$772,450
13.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
84
118
93
92
9.5%
Properties Pending Sale .......................................
83
114
115
85
2.4%
Properties For Sale ................................................
401
369
457
340
-15.2%
Days on Market (Pending Sale) ...........................
42
33
28
38
-9.5%
Month’s Supply of Inventory ................................
4.2
4.3
5
3.7
-12.6%
Percent Under Contract ........................................
20.7%
30.9%
25.2%
25.0%
20.8%
Average Median Price for Last 12 Months ........
$713,658
$752,473
$739,983
$727,968
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
$678
NOV
$772,450
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$772 M E 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 2016
telesproperties.com
San Marcos DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$556,000
$560,750
$609,800
$574,900
3.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
57
82
83
67
17.5%
Properties Pending Sale .......................................
59
90
63
68
15.3%
Properties For Sale ................................................
237
211
227
210
-11.4%
Days on Market (Pending Sale) ...........................
42
57
25
44
4.8%
Month’s Supply of Inventory ................................
4.2
2.6
2.7
3.1
-24.6%
Percent Under Contract ........................................
24.9%
42.7%
27.8%
32.4%
30.1%
Average Median Price for Last 12 Months ........
$562,958
$614,367
$593,967
$597,408
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
$556
NOV
$574,900
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$574 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
San Diego DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$555,000
$572,500
$590,000
$595,000
7.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
76
75
77
57
-25.0%
Properties Pending Sale .......................................
65
77
67
81
24.6%
Properties For Sale ................................................
214
179
204
168
-21.5%
Days on Market (Pending Sale) ...........................
37
26
22
30
-18.9%
Month’s Supply of Inventory ................................
2.8
2.4
2.6
2.9
4.7%
Percent Under Contract ........................................
30.4%
43.0%
32.8%
48.2%
58.7%
Average Median Price for Last 12 Months ........
$545,000
$582,150
$578,967
$572,085
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$555
NOV
$595,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Santee DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$455,000
$475,000
$480,000
$477,000
4.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
37
43
57
42
13.5%
Properties Pending Sale .......................................
42
57
43
36
-14.3%
Properties For Sale ................................................
102
121
105
96
-5.9%
Days on Market (Pending Sale) ...........................
45
31
31
40
-11.1%
Month’s Supply of Inventory ................................
2.8
2.8
1.8
2.3
-17.1%
Percent Under Contract ........................................
41.2%
47.1%
41.0%
37.5%
-8.9%
Average Median Price for Last 12 Months ........
$430,854
$473,408
$470,483
$465,462
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$455
NOV
$477,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$477 M E 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 2016
telesproperties.com
Solana Beach DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,100,000
$1,200,000
$1,500,000
$985,000
-10.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
3
3
2
7
133.3%
Properties Pending Sale .......................................
5
5
7
6
20.0%
Properties For Sale ................................................
42
35
39
36
-14.3%
Days on Market (Pending Sale) ...........................
28
62
107
30
7.1%
Month’s Supply of Inventory ................................
14
11.7
19.5
5.1
-63.3%
Percent Under Contract ........................................
11.9%
14.3%
17.9%
16.7%
40.0%
Average Median Price for Last 12 Months ........
$1,516,464
$1,344,083
$1,303,167
$1,348,000
-12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.100
NOV
$985,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Spring Valley DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$400,000
$420,000
$429,500
$422,500
5.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
40
53
55
38
-5.0%
Properties Pending Sale .......................................
49
62
39
67
36.7%
Properties For Sale ................................................
170
159
159
190
11.8%
Days on Market (Pending Sale) ...........................
41
35
40
44
7.3%
Month’s Supply of Inventory ................................
4.2
3
2.9
5
17.6%
Percent Under Contract ........................................
28.8%
39.0%
24.5%
35.3%
22.3%
Average Median Price for Last 12 Months ........
$389,961
$428,083
$434,000
$416,846
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
$400
NOV
$422,500
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$422 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Vista DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$470,000
$493,000
$487,750
$505,000
7.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
$0
n/a
Properties Sold .......................................................
85
80
86
55
-35.3%
Properties Pending Sale .......................................
68
90
92
68
0.0%
Properties For Sale ................................................
267
269
323
280
4.9%
Days on Market (Pending Sale) ...........................
38
36
51
43
13.2%
Month’s Supply of Inventory ................................
3.1
3.4
3.8
5.1
62.1%
Percent Under Contract ........................................
25.5%
33.5%
28.5%
24.3%
-4.6%
Average Median Price for Last 12 Months ........
$452,162
$492,542
$495,000
$480,112
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
$470
NOV
$505,000
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 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 2016
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : October 2016
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : October 2016
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$750,000
$740,000
$862,000
$775,000
3.3%
Average Price per Square Foot ...........................
$548
$645
$572
$583
6.4%
Properties Sold .......................................................
11
5
12
9
-18.2%
Properties Pending Sale .......................................
9
3
12
3
-66.7%
Properties For Sale ................................................
37
36
43
32
-13.5%
Days on Market (Pending Sale) ...........................
36
32
39
19
-47.2%
Month’s Supply of Inventory ................................
3.4
7.2
3.6
3.6
5.7%
Percent Under Contract ........................................
24.3%
8.3%
27.9%
9.4%
-61.5%
Average Median Price for Last 12 Months ........
$697,850
$762,583
$773,167
$725,938
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
$750
NOV
$775,000
DEC JAN
MEDIAN SALES PRICE
FEB
$583
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
Beverly Hills DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,750,000
$1,185,000
$1,318,888
$1,420,000
-18.9%
Average Price per Square Foot ...........................
$886
$672
$720
$690
-22.1%
Properties Sold .......................................................
8
9
7
13
62.5%
Properties Pending Sale .......................................
10
12
8
11
10.0%
Properties For Sale ................................................
54
54
52
53
-1.9%
Days on Market (Pending Sale) ...........................
83
50
68
68
-18.1%
Month’s Supply of Inventory ................................
6.8
6
7.4
4.1
-39.6%
Percent Under Contract ........................................
18.5%
22.2%
15.4%
20.8%
12.1%
Average Median Price for Last 12 Months ........
$1,124,241
$1,244,731
$1,256,500
$1,239,799
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.750
OCT NOV
$1,420,000
DEC JAN
MEDIAN SALES PRICE
FEB
$690
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.420 M E 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 2016
telesproperties.com
Brentwood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$770,000
$843,750
$1,035,000
$737,500
-4.2%
Average Price per Square Foot ...........................
$603
$590
$618
$630
4.5%
Properties Sold .......................................................
25
20
16
18
-28.0%
Properties Pending Sale .......................................
17
16
22
16
-5.9%
Properties For Sale ................................................
81
53
77
67
-17.3%
Days on Market (Pending Sale) ...........................
39
53
36
40
2.6%
Month’s Supply of Inventory ................................
3.2
2.6
4.8
3.7
14.9%
Percent Under Contract ........................................
21.0%
30.2%
28.6%
23.9%
13.8%
Average Median Price for Last 12 Months ........
$738,950
$810,113
$755,833
$829,884
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$770
NOV
$737,500
DEC JAN
MEDIAN SALES PRICE
FEB
$630
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Culver City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$437,500
$475,000
$501,500
$483,400
10.5%
Average Price per Square Foot ...........................
$446
$468
$485
$486
9.0%
Properties Sold .......................................................
18
17
15
15
-16.7%
Properties Pending Sale .......................................
25
20
19
17
-32.0%
Properties For Sale ................................................
44
33
38
33
-25.0%
Days on Market (Pending Sale) ...........................
45
21
16
25
-44.4%
Month’s Supply of Inventory ................................
2.4
1.9
2.5
2.2
-10.0%
Percent Under Contract ........................................
56.8%
60.6%
50.0%
51.5%
-9.3%
Average Median Price for Last 12 Months ........
$432,375
$470,567
$474,800
$454,915
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
$437
NOV
$483,400
DEC JAN
MEDIAN SALES PRICE
FEB
$486
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 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 2016
telesproperties.com
Downtown DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$605,000
$602,000
$595,500
$585,000
-3.3%
Average Price per Square Foot ...........................
$570
$580
$605
$564
-1.1%
Properties Sold .......................................................
35
32
42
31
-11.4%
Properties Pending Sale .......................................
43
48
31
35
-18.6%
Properties For Sale ................................................
183
201
229
211
15.3%
Days on Market (Pending Sale) ...........................
59
56
50
63
6.8%
Month’s Supply of Inventory ................................
5.2
6.3
5.5
6.8
30.2%
Percent Under Contract ........................................
23.5%
23.9%
13.5%
16.6%
-29.4%
Average Median Price for Last 12 Months ........
$561,000
$580,625
$540,250
$581,677
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
$605
NOV
$585,000
DEC JAN
MEDIAN SALES PRICE
FEB
$564
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$585 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
Encino DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$343,000
$334,000
$500,000
$400,000
16.6%
Average Price per Square Foot ...........................
$285
$283
$347
$300
5.3%
Properties Sold .......................................................
22
12
8
17
-22.7%
Properties Pending Sale .......................................
24
18
16
19
-20.8%
Properties For Sale ................................................
29
17
24
42
44.8%
Days on Market (Pending Sale) ...........................
76
48
51
56
-26.3%
Month’s Supply of Inventory ................................
1.3
1.4
3
2.5
87.4%
Percent Under Contract ........................................
82.8%
105.9%
66.7%
45.2%
-45.3%
Average Median Price for Last 12 Months ........
$318,833
$359,667
$351,000
$346,000
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
$343
NOV
$400,000
DEC JAN
MEDIAN SALES PRICE
FEB
$300
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 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 2016
telesproperties.com
Malibu DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$555,194
$2,440,000
$2,093,750
$0
-100.0%
Average Price per Square Foot ...........................
$527
$939
$981
$0
-100.0%
Properties Sold .......................................................
3
4
2
0
-100.0%
Properties Pending Sale .......................................
2
3
0
2
0.0%
Properties For Sale ................................................
21
12
16
20
-4.8%
Days on Market (Pending Sale) ...........................
90
53
0
36
-60.0%
Month’s Supply of Inventory ................................
7
3
8
n/a
n/a
Percent Under Contract ........................................
9.5%
25.0%
0.0%
10.0%
5.0%
Average Median Price for Last 12 Months ........
$757,100
$1,445,450
$1,540,000
$1,273,336
68.2%
*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
$555
NOV
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
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 2016
telesproperties.com
Marina Del Rey DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$962,000
$857,000
$860,000
$1,139,000
18.4%
Average Price per Square Foot ...........................
$692
$545
$609
$640
-7.5%
Properties Sold .......................................................
19
20
27
30
57.9%
Properties Pending Sale .......................................
20
29
20
23
15.0%
Properties For Sale ................................................
91
102
91
105
15.4%
Days on Market (Pending Sale) ...........................
43
53
37
56
30.2%
Month’s Supply of Inventory ................................
4.8
5.1
3.4
3.5
-26.9%
Percent Under Contract ........................................
22.0%
28.4%
22.0%
21.9%
-0.3%
Average Median Price for Last 12 Months ........
$862,393
$937,750
$1,013,000
$890,346
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
$962
NOV
$1,139,000
DEC JAN
MEDIAN SALES PRICE
FEB
$640
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.139 M E 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 2016
telesproperties.com
Santa Monica DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,115,000
$1,046,500
$901,500
$897,250
-19.5%
Average Price per Square Foot ...........................
$834
$1,182
$875
$934
12.0%
Properties Sold .......................................................
27
18
22
20
-25.9%
Properties Pending Sale .......................................
29
30
34
26
-10.3%
Properties For Sale ................................................
110
105
102
96
-12.7%
Days on Market (Pending Sale) ...........................
92
41
48
44
-52.2%
Month’s Supply of Inventory ................................
4.1
5.8
4.6
4.8
17.8%
Percent Under Contract ........................................
26.4%
28.6%
33.3%
27.1%
2.7%
Average Median Price for Last 12 Months ........
$968,333
$903,292
$854,417
$930,680
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.115
OCT NOV
$897,250
DEC JAN
MEDIAN SALES PRICE
FEB
$934
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$897 M E 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 2016
telesproperties.com
Sherman Oaks DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$464,000
$455,000
$473,000
$447,000
-3.7%
Average Price per Square Foot ...........................
$341
$360
$379
$366
7.3%
Properties Sold .......................................................
16
18
23
28
75.0%
Properties Pending Sale .......................................
20
25
29
15
-25.0%
Properties For Sale ................................................
36
34
49
37
2.8%
Days on Market (Pending Sale) ...........................
53
49
49
73
37.7%
Month’s Supply of Inventory ................................
2.2
1.9
2.1
1.3
-41.3%
Percent Under Contract ........................................
55.6%
73.5%
59.2%
40.5%
-27.0%
Average Median Price for Last 12 Months ........
$430,250
$446,833
$442,000
$451,538
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
$464
NOV
$447,000
DEC JAN
MEDIAN SALES PRICE
FEB
$366
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 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 2016
telesproperties.com
Studio City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$550,000
$514,000
$575,000
$563,000
2.4%
Average Price per Square Foot ...........................
$399
$407
$451
$435
9.0%
Properties Sold .......................................................
11
8
17
16
45.5%
Properties Pending Sale .......................................
13
12
19
11
-15.4%
Properties For Sale ................................................
39
33
32
29
-25.6%
Days on Market (Pending Sale) ...........................
68
60
57
42
-38.2%
Month’s Supply of Inventory ................................
3.5
4.1
1.9
1.8
-48.9%
Percent Under Contract ........................................
33.3%
36.4%
59.4%
37.9%
13.8%
Average Median Price for Last 12 Months ........
$527,833
$534,000
$553,667
$539,154
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$550
NOV
$563,000
DEC JAN
MEDIAN SALES PRICE
FEB
$435
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.8 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 2016
telesproperties.com
Venice DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$1,212,500
$1,280,000
$1,250,000
$1,293,000
6.6%
Average Price per Square Foot ...........................
$696
$943
$992
$931
33.8%
Properties Sold .......................................................
6
1
3
6
0.0%
Properties Pending Sale .......................................
2
3
1
4
100.0%
Properties For Sale ................................................
19
16
14
15
-21.1%
Days on Market (Pending Sale) ...........................
46
43
69
110
139.1%
Month’s Supply of Inventory ................................
3.2
16
4.7
2.5
-21.1%
Percent Under Contract ........................................
10.5%
18.8%
7.1%
26.7%
153.3%
Average Median Price for Last 12 Months ........
$972,833
$1,241,400
$1,219,333
$1,328,364
36.5%
*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
$1.212
NOV
$1,293,000
DEC JAN
MEDIAN SALES PRICE
FEB
$931
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.293 M E 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 2016
telesproperties.com
West Hollywood DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$550,000
$687,000
$692,500
$829,000
50.7%
Average Price per Square Foot ...........................
$585
$672
$641
$724
23.8%
Properties Sold .......................................................
33
38
28
31
-6.1%
Properties Pending Sale .......................................
38
30
35
27
-28.9%
Properties For Sale ................................................
119
123
133
124
4.2%
Days on Market (Pending Sale) ...........................
37
40
30
50
35.1%
Month’s Supply of Inventory ................................
3.6
3.2
4.8
4
10.9%
Percent Under Contract ........................................
31.9%
24.4%
26.3%
21.8%
-31.8%
Average Median Price for Last 12 Months ........
$606,208
$704,833
$739,667
$672,827
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
$550
NOV
$829,000
DEC JAN
MEDIAN SALES PRICE
FEB
$724
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$829 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
West LA DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$684,444
$850,000
$773,000
$837,500
22.4%
Average Price per Square Foot ...........................
$504
$522
$525
$547
8.5%
Properties Sold .......................................................
13
9
15
10
-23.1%
Properties Pending Sale .......................................
15
14
20
14
-6.7%
Properties For Sale ................................................
45
34
45
50
11.1%
Days on Market (Pending Sale) ...........................
28
18
22
29
3.6%
Month’s Supply of Inventory ................................
3.5
3.8
3
5
44.4%
Percent Under Contract ........................................
33.3%
41.2%
44.4%
28.0%
-16.0%
Average Median Price for Last 12 Months ........
$670,390
$780,083
$790,833
$735,073
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$684
NOV
$837,500
DEC JAN
MEDIAN SALES PRICE
FEB
$547
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2016
telesproperties.com
Westwood - Century City DATA*
Oct 2015
6 month
3 month
Oct 2016
% change
Median Price ..........................................................
$699,000
$855,000
$725,000
$910,000
30.2%
Average Price per Square Foot ...........................
$874
$797
$571
$683
-21.9%
Properties Sold .......................................................
43
52
41
49
14.0%
Properties Pending Sale .......................................
51
46
51
37
-27.5%
Properties For Sale ................................................
271
237
233
205
-24.4%
Days on Market (Pending Sale) ...........................
59
71
45
40
-32.2%
Month’s Supply of Inventory ................................
6.3
4.6
5.7
4.2
-33.6%
Percent Under Contract ........................................
18.8%
19.4%
21.9%
18.0%
-4.1%
Average Median Price for Last 12 Months ........
$756,292
$821,283
$835,333
$807,886
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
$699
NOV
$910,000
DEC JAN
MEDIAN SALES PRICE
FEB
$683
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2016
telesproperties.com
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