micro market report luxury real estate market research October 2017 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, RIVERSIDE, 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
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : October 2017
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : October 2017
telesproperties.com
Los Angeles County DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$583,000
$610,000
$645,000
$617,100
5.8%
Average Price per Square Foot ...........................
$457
$468
$485
$472
3.3%
Properties Sold .......................................................
3949
3879
4300
4216
6.8%
Properties Pending Sale .......................................
4611
4982
4942
4590
-0.5%
Properties For Sale ................................................
18,435
16,486
17,912
16,811
-8.8%
Days on Market (Pending Sale) ...........................
43
34
36
39
-9.3%
Month’s Supply of Inventory ................................
4.7
4.3
4.2
4
-14.6%
Percent Under Contract ........................................
25.0%
30.2%
27.6%
27.3%
9.2%
Average Median Price for Last 12 Months ........
$569,396
$630,683
$629,367
$607,508
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
$583
NOV
$617,100
DEC JAN
MEDIAN SALES PRICE
FEB
$472
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Bel-Air Holmby Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,425,000
$1,640,000
$2,070,000
$1,892,500
32.8%
Average Price per Square Foot ...........................
$1,983
$1,439
$643
$825
-58.4%
Properties Sold .......................................................
13
16
12
18
38.5%
Properties Pending Sale .......................................
16
12
21
14
-12.5%
Properties For Sale ................................................
163
162
180
171
4.9%
Days on Market (Pending Sale) ...........................
83
33
71
45
-45.8%
Month’s Supply of Inventory ................................
12.5
10.1
15
9.5
-24.2%
Percent Under Contract ........................................
9.8%
7.4%
11.7%
8.2%
-16.6%
Average Median Price for Last 12 Months ........
$2,290,333
$2,572,467
$2,290,000
$2,134,102
-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
$1.425
NOV
$1,892,500
DEC JAN
MEDIAN SALES PRICE
FEB
$825
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.892 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,600,000
$1,474,812
$1,479,200
$1,390,000
-13.1%
Average Price per Square Foot ...........................
$671
$730
$699
$794
18.3%
Properties Sold .......................................................
15
24
17
17
13.3%
Properties Pending Sale .......................................
18
17
18
19
5.6%
Properties For Sale ................................................
97
91
96
80
-17.5%
Days on Market (Pending Sale) ...........................
47
20
52
32
-31.9%
Month’s Supply of Inventory ................................
6.5
3.8
5.6
4.7
-27.2%
Percent Under Contract ........................................
18.6%
18.7%
18.8%
23.8%
28.0%
Average Median Price for Last 12 Months ........
$1,514,938
$1,743,175
$1,558,333
$1,622,182
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.600
NOV
$1,390,000
DEC JAN
MEDIAN SALES PRICE
FEB
$794
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Beverly Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,813,655
$6,550,000
$4,800,000
$8,505,250
202.3%
Average Price per Square Foot ...........................
$1,239
$1,553
$1,498
$1,458
17.7%
Properties Sold .......................................................
19
16
11
10
-47.4%
Properties Pending Sale .......................................
15
14
9
12
-20.0%
Properties For Sale ................................................
127
92
120
115
-9.4%
Days on Market (Pending Sale) ...........................
47
73
50
60
27.7%
Month’s Supply of Inventory ................................
6.7
5.8
10.9
11.5
72.0%
Percent Under Contract ........................................
11.8%
15.2%
7.5%
10.4%
-11.7%
Average Median Price for Last 12 Months ........
$4,593,555
$5,602,208
$6,260,250
$5,528,993
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.813
NOV
$8,505,250
DEC JAN
MEDIAN SALES PRICE
FEB
$1,458
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$8.505 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 2017
telesproperties.com
Beverly Hills- Post Office DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$3,000,000
$7,988,000
$2,262,500
$3,400,000
13.3%
Average Price per Square Foot ...........................
$879
$1,250
$854
$943
7.3%
Properties Sold .......................................................
13
7
16
13
0.0%
Properties Pending Sale .......................................
12
20
15
16
33.3%
Properties For Sale ................................................
195
182
179
167
-14.4%
Days on Market (Pending Sale) ...........................
77
58
84
72
-6.5%
Month’s Supply of Inventory ................................
15
26
11.2
12.8
-14.4%
Percent Under Contract ........................................
6.2%
11.0%
8.4%
9.6%
55.7%
Average Median Price for Last 12 Months ........
$2,847,567
$3,267,458
$3,513,333
$3,316,718
14.1%
*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
$3.000
NOV
$3,400,000
DEC JAN
MEDIAN SALES PRICE
FEB
$943
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.400 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 2017
telesproperties.com
Beverlywood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,314,000
$1,350,000
$1,754,500
$1,605,000
22.1%
Average Price per Square Foot ...........................
$624
$743
$685
$760
21.8%
Properties Sold .......................................................
10
15
8
11
10.0%
Properties Pending Sale .......................................
16
21
14
11
-31.2%
Properties For Sale ................................................
60
42
42
47
-21.7%
Days on Market (Pending Sale) ...........................
36
44
24
25
-30.6%
Month’s Supply of Inventory ................................
6
2.8
5.2
4.3
-28.8%
Percent Under Contract ........................................
26.7%
50.0%
33.3%
23.4%
-12.2%
Average Median Price for Last 12 Months ........
$1,179,447
$1,460,379
$1,341,667
$1,341,795
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.314
NOV
$1,605,000
DEC JAN
MEDIAN SALES PRICE
FEB
$760
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.605 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Brentwood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,924,000
$2,828,170
$2,890,000
$4,355,000
48.9%
Average Price per Square Foot ...........................
$1,019
$1,025
$1,154
$985
-3.3%
Properties Sold .......................................................
20
19
24
19
-5.0%
Properties Pending Sale .......................................
21
35
27
21
0.0%
Properties For Sale ................................................
141
155
144
156
10.6%
Days on Market (Pending Sale) ...........................
59
37
45
59
0.0%
Month’s Supply of Inventory ................................
7
8.2
6
8.2
16.5%
Percent Under Contract ........................................
14.9%
22.6%
18.8%
13.5%
-9.6%
Average Median Price for Last 12 Months ........
$3,035,229
$3,254,583
$3,522,500
$3,323,052
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
$2.924
NOV
$4,355,000
DEC JAN
MEDIAN SALES PRICE
FEB
$985
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$4.355 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,160,000
$1,967,000
$1,638,000
$2,755,000
137.5%
Average Price per Square Foot ...........................
$718
$823
$841
$732
1.9%
Properties Sold .......................................................
3
9
7
2
-33.3%
Properties Pending Sale .......................................
9
14
8
6
-33.3%
Properties For Sale ................................................
33
33
30
28
-15.2%
Days on Market (Pending Sale) ...........................
59
50
34
23
-61.0%
Month’s Supply of Inventory ................................
11
3.7
4.3
14
27.3%
Percent Under Contract ........................................
27.3%
42.4%
26.7%
21.4%
-21.4%
Average Median Price for Last 12 Months ........
$1,876,261
$2,168,421
$2,142,508
$2,008,002
6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.160
NOV
$2,755,000
DEC JAN
MEDIAN SALES PRICE
FEB
$732
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.755 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Culver City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,100,000
$1,400,000
$1,234,000
$1,200,000
9.1%
Average Price per Square Foot ...........................
$660
$711
$822
$887
34.4%
Properties Sold .......................................................
13
19
22
17
30.8%
Properties Pending Sale .......................................
16
20
24
21
31.2%
Properties For Sale ................................................
49
58
66
62
26.5%
Days on Market (Pending Sale) ...........................
36
18
19
25
-30.6%
Month’s Supply of Inventory ................................
3.8
3.1
3
3.6
-3.2%
Percent Under Contract ........................................
32.7%
34.5%
36.4%
33.9%
3.7%
Average Median Price for Last 12 Months ........
$1,088,729
$1,152,917
$1,202,000
$1,174,904
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
$1.100
NOV
$1,200,000
DEC JAN
MEDIAN SALES PRICE
FEB
$887
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Downtown DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$320,000
$489,000
$380,000
$367,000
14.7%
Average Price per Square Foot ...........................
$253
$323
$342
$286
13.0%
Properties Sold .......................................................
12
10
9
10
-16.7%
Properties Pending Sale .......................................
8
9
11
12
50.0%
Properties For Sale ................................................
43
48
54
58
34.9%
Days on Market (Pending Sale) ...........................
28
55
95
57
103.6%
Month’s Supply of Inventory ................................
3.6
4.8
6
5.8
61.9%
Percent Under Contract ........................................
18.6%
18.8%
20.4%
20.7%
11.2%
Average Median Price for Last 12 Months ........
$327,626
$363,708
$355,500
$367,045
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$320
NOV
$367,000
DEC JAN
MEDIAN SALES PRICE
FEB
$286
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$367 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Hancock Park - Wilshire DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,765,000
$1,598,750
$1,461,500
$1,675,000
-5.1%
Average Price per Square Foot ...........................
$764
$734
$738
$759
-0.7%
Properties Sold .......................................................
19
30
24
19
0.0%
Properties Pending Sale .......................................
27
19
21
28
3.7%
Properties For Sale ................................................
136
93
106
102
-25.0%
Days on Market (Pending Sale) ...........................
48
47
30
29
-39.6%
Month’s Supply of Inventory ................................
7.2
3.1
4.4
5.4
-25.0%
Percent Under Contract ........................................
19.9%
20.4%
19.8%
27.5%
38.3%
Average Median Price for Last 12 Months ........
$1,526,839
$1,683,708
$1,891,250
$1,751,914
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
$1.765
NOV
$1,675,000
DEC JAN
MEDIAN SALES PRICE
FEB
$759
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Hollywood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,425,000
$845,000
$833,875
$1,024,000
-28.1%
Average Price per Square Foot ...........................
$685
$551
$669
$607
-11.4%
Properties Sold .......................................................
11
3
6
11
0.0%
Properties Pending Sale .......................................
12
6
12
11
-8.3%
Properties For Sale ................................................
44
37
50
45
2.3%
Days on Market (Pending Sale) ...........................
11
22
32
49
345.5%
Month’s Supply of Inventory ................................
4
12.3
8.3
4.1
2.3%
Percent Under Contract ........................................
27.3%
16.2%
24.0%
24.4%
-10.4%
Average Median Price for Last 12 Months ........
$1,025,079
$970,313
$986,000
$933,302
-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 $1.425
OCT NOV
$1,024,000
DEC JAN
MEDIAN SALES PRICE
FEB
$607
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.024 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Hollywood Hills East DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,034,995
$1,625,000
$1,680,000
$1,360,000
31.4%
Average Price per Square Foot ...........................
$659
$739
$653
$728
10.5%
Properties Sold .......................................................
6
13
21
15
150.0%
Properties Pending Sale .......................................
20
15
13
5
-75.0%
Properties For Sale ................................................
94
98
89
77
-18.1%
Days on Market (Pending Sale) ...........................
55
28
76
26
-52.7%
Month’s Supply of Inventory ................................
4.7
6.5
6.8
5.1
9.2%
Percent Under Contract ........................................
21.3%
15.3%
14.6%
6.5%
-69.5%
Average Median Price for Last 12 Months ........
$1,398,989
$1,430,117
$1,425,667
$1,401,419
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
$1.034
NOV
$1,360,000
DEC JAN
MEDIAN SALES PRICE
FEB
$728
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Inglewood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$480,000
$523,375
$549,000
$515,000
7.3%
Average Price per Square Foot ...........................
$330
$382
$400
$398
20.6%
Properties Sold .......................................................
15
26
19
27
80.0%
Properties Pending Sale .......................................
19
23
28
16
-15.8%
Properties For Sale ................................................
55
62
69
70
27.3%
Days on Market (Pending Sale) ...........................
52
38
27
24
-53.8%
Month’s Supply of Inventory ................................
2.9
2.7
2.5
2.6
-10.4%
Percent Under Contract ........................................
34.5%
37.1%
40.6%
22.9%
-33.8%
Average Median Price for Last 12 Months ........
$445,371
$539,383
$542,933
$509,967
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$480
NOV
$515,000
DEC JAN
MEDIAN SALES PRICE
FEB
$398
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$515 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Ladera Heights DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$987,500
$1,050,000
$912,500
$1,492,500
51.1%
Average Price per Square Foot ...........................
$419
$379
$447
$398
-5.0%
Properties Sold .......................................................
4
5
4
6
50.0%
Properties Pending Sale .......................................
2
6
7
5
150.0%
Properties For Sale ................................................
16
24
23
22
37.5%
Days on Market (Pending Sale) ...........................
120
14
55
36
-70.0%
Month’s Supply of Inventory ................................
8
4
3.3
3.7
-54.2%
Percent Under Contract ........................................
12.5%
25.0%
30.4%
22.7%
81.8%
Average Median Price for Last 12 Months ........
$964,365
$1,201,000
$1,345,000
$1,139,788
15.4%
*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
$987
NOV
$1,492,500
DEC JAN
MEDIAN SALES PRICE
FEB
$398
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.492 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Laurel Canyon DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,172,000
$1,600,000
$1,800,000
$1,702,500
-21.6%
Average Price per Square Foot ...........................
$812
$703
$809
$784
-3.4%
Properties Sold .......................................................
15
23
27
34
126.7%
Properties Pending Sale .......................................
22
24
24
34
54.5%
Properties For Sale ................................................
195
163
163
176
-9.7%
Days on Market (Pending Sale) ...........................
43
36
70
43
0.0%
Month’s Supply of Inventory ................................
8.9
6.8
6.8
5.2
-41.6%
Percent Under Contract ........................................
11.3%
14.7%
14.7%
19.3%
71.2%
Average Median Price for Last 12 Months ........
$1,577,153
$1,739,792
$1,573,333
$1,690,235
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.172
OCT NOV
$1,702,500
DEC JAN
MEDIAN SALES PRICE
FEB
$784
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.702 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Los Feliz DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,825,500
$1,685,000
$1,950,000
$1,625,000
-11.0%
Average Price per Square Foot ...........................
$555
$805
$762
$810
45.9%
Properties Sold .......................................................
14
19
17
18
28.6%
Properties Pending Sale .......................................
16
29
19
18
12.5%
Properties For Sale ................................................
107
98
100
91
-15.0%
Days on Market (Pending Sale) ...........................
79
53
103
46
-41.8%
Month’s Supply of Inventory ................................
6.7
3.4
5.3
5.1
-24.4%
Percent Under Contract ........................................
15.0%
29.6%
19.0%
19.8%
32.3%
Average Median Price for Last 12 Months ........
$1,564,663
$1,676,417
$1,636,167
$1,650,647
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
$1.825
NOV
$1,625,000
DEC JAN
MEDIAN SALES PRICE
FEB
$810
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Malibu DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,829,500
$4,225,000
$3,050,000
$3,275,000
79.0%
Average Price per Square Foot ...........................
$992
$1,142
$898
$966
-2.6%
Properties Sold .......................................................
14
4
21
18
28.6%
Properties Pending Sale .......................................
12
17
12
13
8.3%
Properties For Sale ................................................
225
212
219
205
-8.9%
Days on Market (Pending Sale) ...........................
136
134
116
163
19.9%
Month’s Supply of Inventory ................................
16.1
53
10.4
11.4
-29.1%
Percent Under Contract ........................................
5.3%
8.0%
5.5%
6.3%
18.9%
Average Median Price for Last 12 Months ........
$2,358,046
$2,824,288
$2,959,542
$2,869,594
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.829
NOV
$3,275,000
DEC JAN
MEDIAN SALES PRICE
FEB
$966
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Malibu Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$3,850,000
$10,113,500
$9,900,000
$6,975,000
81.2%
Average Price per Square Foot ...........................
$2,832
$2,162
$2,750
$1,999
-29.4%
Properties Sold .......................................................
3
2
4
5
66.7%
Properties Pending Sale .......................................
1
8
4
2
100.0%
Properties For Sale ................................................
79
84
94
83
5.1%
Days on Market (Pending Sale) ...........................
188
87
132
171
-9.0%
Month’s Supply of Inventory ................................
26.3
42
23.5
16.6
-37.0%
Percent Under Contract ........................................
1.3%
9.5%
4.3%
2.4%
90.4%
Average Median Price for Last 12 Months ........
$6,973,667
$7,435,833
$6,971,667
$8,132,519
14.2%
*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
$3.850
NOV
$6,975,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,999
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
16.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$6.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Marina Del Rey DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,487,525
$1,410,000
$1,030,000
$1,825,000
22.7%
Average Price per Square Foot ...........................
$779
$777
$764
$801
2.8%
Properties Sold .......................................................
5
5
11
8
60.0%
Properties Pending Sale .......................................
7
8
10
8
14.3%
Properties For Sale ................................................
27
38
41
33
22.2%
Days on Market (Pending Sale) ...........................
19
62
34
36
89.5%
Month’s Supply of Inventory ................................
5.4
7.6
3.7
4.1
-23.6%
Percent Under Contract ........................................
25.9%
21.1%
24.4%
24.2%
-6.5%
Average Median Price for Last 12 Months ........
$1,483,377
$1,369,750
$1,490,500
$1,379,771
-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 OCT
$1.487
NOV
$1,825,000
DEC JAN
MEDIAN SALES PRICE
FEB
$801
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 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 2017
telesproperties.com
Mid Los Angeles DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$610,250
$620,000
$800,000
$795,000
30.3%
Average Price per Square Foot ...........................
$415
$426
$452
$463
11.6%
Properties Sold .......................................................
34
34
37
35
2.9%
Properties Pending Sale .......................................
39
56
29
46
17.9%
Properties For Sale ................................................
142
147
110
120
-15.5%
Days on Market (Pending Sale) ...........................
51
30
31
46
-9.8%
Month’s Supply of Inventory ................................
4.2
4.3
3
3.4
-17.9%
Percent Under Contract ........................................
27.5%
38.1%
26.4%
38.3%
39.6%
Average Median Price for Last 12 Months ........
$584,377
$751,875
$764,167
$689,288
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
$610
NOV
$795,000
DEC JAN
MEDIAN SALES PRICE
FEB
$463
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$795 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Mid Wilshire DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,100,000
$813,750
$1,250,000
$880,000
-20.0%
Average Price per Square Foot ...........................
$432
$508
$456
$514
19.0%
Properties Sold .......................................................
1
4
5
6
500.0%
Properties Pending Sale .......................................
5
5
3
5
0.0%
Properties For Sale ................................................
22
31
21
30
36.4%
Days on Market (Pending Sale) ...........................
31
45
17
49
58.1%
Month’s Supply of Inventory ................................
22
7.8
4.2
5
-77.3%
Percent Under Contract ........................................
22.7%
16.1%
14.3%
16.7%
-26.7%
Average Median Price for Last 12 Months ........
$826,750
$1,014,000
$1,005,000
$930,635
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 $1.100
OCT NOV
$880,000
DEC JAN
MEDIAN SALES PRICE
FEB
$514
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Pacific Palisades DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$3,500,000
$2,947,305
$4,690,000
$3,365,000
-3.9%
Average Price per Square Foot ...........................
$1,045
$910
$1,254
$916
-12.3%
Properties Sold .......................................................
19
20
20
25
31.6%
Properties Pending Sale .......................................
35
26
30
22
-37.1%
Properties For Sale ................................................
159
123
124
105
-34.0%
Days on Market (Pending Sale) ...........................
57
34
52
54
-5.3%
Month’s Supply of Inventory ................................
8.4
6.2
6.2
4.2
-49.8%
Percent Under Contract ........................................
22.0%
21.1%
24.2%
21.0%
-4.8%
Average Median Price for Last 12 Months ........
$2,735,671
$3,418,329
$3,179,333
$3,296,175
17.0%
*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
$3.500
NOV
$3,365,000
DEC JAN
MEDIAN SALES PRICE
FEB
$916
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.365 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Palms - Mar Vista DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,450,000
$1,485,000
$1,520,000
$1,511,760
4.3%
Average Price per Square Foot ...........................
$793
$824
$820
$792
-0.1%
Properties Sold .......................................................
22
22
34
38
72.7%
Properties Pending Sale .......................................
32
29
25
37
15.6%
Properties For Sale ................................................
91
96
90
100
9.9%
Days on Market (Pending Sale) ...........................
26
34
31
37
42.3%
Month’s Supply of Inventory ................................
4.1
4.4
2.6
2.6
-36.4%
Percent Under Contract ........................................
35.2%
30.2%
27.8%
37.0%
5.2%
Average Median Price for Last 12 Months ........
$1,308,294
$1,494,013
$1,518,687
$1,484,121
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.450
NOV
$1,511,760
DEC JAN
MEDIAN SALES PRICE
FEB
$792
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.511 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Playa Del Rey DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,338,000
$1,655,000
$1,807,500
$1,632,500
22.0%
Average Price per Square Foot ...........................
$613
$823
$647
$551
-10.1%
Properties Sold .......................................................
3
3
3
2
-33.3%
Properties Pending Sale .......................................
5
7
1
2
-60.0%
Properties For Sale ................................................
24
18
16
21
-12.5%
Days on Market (Pending Sale) ...........................
46
51
21
16
-65.2%
Month’s Supply of Inventory ................................
8
6
5.3
10.5
31.2%
Percent Under Contract ........................................
20.8%
38.9%
6.2%
9.5%
-54.3%
Average Median Price for Last 12 Months ........
$1,527,335
$1,718,667
$1,683,167
$1,610,375
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
$1.338
NOV
$1,632,500
DEC JAN
MEDIAN SALES PRICE
FEB
$551
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.632 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Playa Vista DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$0
$2,300,000
$1,640,000
$4,019,598
n/a
Average Price per Square Foot ...........................
$0
$647
$563
$939
n/a
Properties Sold .......................................................
0
1
2
1
n/a
Properties Pending Sale .......................................
1
7
2
3
200.0%
Properties For Sale ................................................
13
18
13
13
0.0%
Days on Market (Pending Sale) ...........................
55
42
28
26
-52.7%
Month’s Supply of Inventory ................................
n/a
18
6.5
0.2
n/a
Percent Under Contract ........................................
7.7%
38.9%
15.4%
23.1%
200.0%
Average Median Price for Last 12 Months ........
$997,396
$2,462,027
$3,091,387
$2,279,513
128.5%
*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 NOV
$4,019,598
DEC JAN
MEDIAN SALES PRICE
FEB
$939
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$4.019 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Santa Monica DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,330,000
$2,273,000
$3,785,000
$3,804,000
63.3%
Average Price per Square Foot ...........................
$1,015
$1,204
$1,113
$1,229
21.1%
Properties Sold .......................................................
14
24
18
14
0.0%
Properties Pending Sale .......................................
18
18
17
18
0.0%
Properties For Sale ................................................
91
86
87
90
-1.1%
Days on Market (Pending Sale) ...........................
38
44
23
41
7.9%
Month’s Supply of Inventory ................................
6.5
3.6
4.8
6.4
-1.1%
Percent Under Contract ........................................
19.8%
20.9%
19.5%
20.0%
1.1%
Average Median Price for Last 12 Months ........
$2,608,329
$3,049,417
$3,231,333
$2,658,423
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
$2.330
NOV
$3,804,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,229
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.804 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,666,001
$1,680,000
$1,939,500
$1,742,500
4.6%
Average Price per Square Foot ...........................
$824
$751
$853
$776
-5.8%
Properties Sold .......................................................
21
34
42
36
71.4%
Properties Pending Sale .......................................
36
32
38
49
36.1%
Properties For Sale ................................................
35
324
358
366
945.7%
Days on Market (Pending Sale) ...........................
39
34
62
46
17.9%
Month’s Supply of Inventory ................................
1.7
9.5
8.5
10.2
510.0%
Percent Under Contract ........................................
102.9%
9.9%
10.6%
13.4%
-87.0%
Average Median Price for Last 12 Months ........
$1,749,250
$1,837,750
$1,626,500
$1,777,980
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.666
NOV
$1,742,500
DEC JAN
MEDIAN SALES PRICE
FEB
$776
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.742 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Venice DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,856,000
$2,150,000
$2,787,500
$1,925,250
3.7%
Average Price per Square Foot ...........................
$1,068
$1,474
$1,169
$1,217
14.0%
Properties Sold .......................................................
17
17
22
16
-5.9%
Properties Pending Sale .......................................
24
17
19
27
12.5%
Properties For Sale ................................................
120
93
103
98
-18.3%
Days on Market (Pending Sale) ...........................
58
35
34
42
-27.6%
Month’s Supply of Inventory ................................
7.1
5.5
4.7
6.1
-13.2%
Percent Under Contract ........................................
20.0%
18.3%
18.4%
27.6%
37.8%
Average Median Price for Last 12 Months ........
$1,823,992
$2,204,208
$2,038,417
$2,014,890
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
$1.856
NOV
$1,925,250
DEC JAN
MEDIAN SALES PRICE
FEB
$1,217
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.925 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 2017
telesproperties.com
West Hollywood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,679,525
$1,622,500
$1,769,500
$1,580,000
-5.9%
Average Price per Square Foot ...........................
$903
$952
$1,073
$914
1.2%
Properties Sold .......................................................
12
15
12
14
16.7%
Properties Pending Sale .......................................
10
12
11
12
20.0%
Properties For Sale ................................................
76
55
51
62
-18.4%
Days on Market (Pending Sale) ...........................
41
46
70
48
17.1%
Month’s Supply of Inventory ................................
6.3
3.7
4.2
4.4
-30.1%
Percent Under Contract ........................................
13.2%
21.8%
21.6%
19.4%
47.1%
Average Median Price for Last 12 Months ........
$1,529,755
$1,748,768
$1,826,667
$1,704,010
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.679
NOV
$1,580,000
DEC JAN
MEDIAN SALES PRICE
FEB
$914
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.580 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 2017
telesproperties.com
West Los Angeles DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$932,500
$1,265,000
$1,250,000
$1,250,000
34.0%
Average Price per Square Foot ...........................
$676
$771
$755
$806
19.2%
Properties Sold .......................................................
9
12
15
12
33.3%
Properties Pending Sale .......................................
9
15
8
9
0.0%
Properties For Sale ................................................
39
44
39
38
-2.6%
Days on Market (Pending Sale) ...........................
32
17
23
39
21.9%
Month’s Supply of Inventory ................................
4.3
3.7
2.6
3.2
-26.9%
Percent Under Contract ........................................
23.1%
34.1%
20.5%
23.7%
2.6%
Average Median Price for Last 12 Months ........
$1,056,833
$1,194,625
$1,235,917
$1,116,846
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
$932
NOV
$1,250,000
DEC JAN
MEDIAN SALES PRICE
FEB
$806
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.250 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 2017
telesproperties.com
Westchester DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,180,000
$1,262,500
$1,192,500
$1,160,000
-1.7%
Average Price per Square Foot ...........................
$638
$670
$661
$638
0.0%
Properties Sold .......................................................
24
16
32
34
41.7%
Properties Pending Sale .......................................
29
28
39
35
20.7%
Properties For Sale ................................................
103
92
104
91
-11.7%
Days on Market (Pending Sale) ...........................
32
24
30
32
0.0%
Month’s Supply of Inventory ................................
4.3
5.8
3.2
2.7
-37.6%
Percent Under Contract ........................................
28.2%
30.4%
37.5%
38.5%
36.6%
Average Median Price for Last 12 Months ........
$1,048,760
$1,162,333
$1,202,500
$1,126,731
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
$1.180
NOV
$1,160,000
DEC JAN
MEDIAN SALES PRICE
FEB
$638
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 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 2017
telesproperties.com
Westwood - Century City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,774,000
$2,880,066
$2,022,499
$1,671,111
-5.8%
Average Price per Square Foot ...........................
$823
$878
$886
$847
2.9%
Properties Sold .......................................................
26
12
10
10
-61.5%
Properties Pending Sale .......................................
21
20
12
12
-42.9%
Properties For Sale ................................................
77
68
56
60
-22.1%
Days on Market (Pending Sale) ...........................
40
23
30
31
-22.5%
Month’s Supply of Inventory ................................
3
5.7
5.6
6
102.6%
Percent Under Contract ........................................
27.3%
29.4%
21.4%
20.0%
-26.7%
Average Median Price for Last 12 Months ........
$1,858,864
$2,109,125
$2,241,537
$2,026,832
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.774
NOV
$1,671,111
DEC JAN
MEDIAN SALES PRICE
FEB
$847
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.671 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
South Bay Macro Market DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,307,067
$1,233,967
$1,484,300
$1,423,617
8.9%
Average Price per Square Foot ...........................
$622
$631
$638
$639
2.6%
Properties Sold .......................................................
234
206
257
220
-6.0%
Properties Pending Sale .......................................
246
276
288
230
-6.5%
Properties For Sale ................................................
937
927
1,058
882
-5.9%
Days on Market (Pending Sale) ...........................
42
29
32
50
19.3%
Month’s Supply of Inventory ................................
4
4.5
4.1
4
0.1%
Percent Under Contract ........................................
26.3%
29.8%
27.2%
26.1%
-0.7%
Average Median Price for Last 12 Months ........
$1,226,845
$1,369,079
$1,333,503
$1,359,038
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
$1.307
NOV
$1,423,617
DEC JAN
MEDIAN SALES PRICE
FEB
$639
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.423 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
El Segundo DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,410,000
$1,212,500
$1,385,500
$1,309,500
-7.1%
Average Price per Square Foot ...........................
$739
$784
$621
$812
9.9%
Properties Sold .......................................................
7
4
8
7
0.0%
Properties Pending Sale .......................................
3
3
10
6
100.0%
Properties For Sale ................................................
11
20
27
23
109.1%
Days on Market (Pending Sale) ...........................
17
30
31
28
64.7%
Month’s Supply of Inventory ................................
1.6
0
3.4
3.3
109.1%
Percent Under Contract ........................................
27.3%
15.0%
37.0%
26.1%
-4.3%
Average Median Price for Last 12 Months ........
$1,243,621
$1,284,917
$1,279,833
$1,309,663
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
$1.410
NOV
$1,309,500
DEC JAN
MEDIAN SALES PRICE
FEB
$812
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.309 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Hermosa Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,100,000
$1,475,000
$2,199,000
$2,225,000
6.0%
Average Price per Square Foot ...........................
$1,143
$923
$867
$1,175
2.8%
Properties Sold .......................................................
15
6
7
9
-40.0%
Properties Pending Sale .......................................
12
13
10
16
33.3%
Properties For Sale ................................................
55
48
53
46
-16.4%
Days on Market (Pending Sale) ...........................
41
46
27
57
39.0%
Month’s Supply of Inventory ................................
3.7
8
7.6
5.1
39.4%
Percent Under Contract ........................................
21.8%
27.1%
18.9%
34.8%
59.4%
Average Median Price for Last 12 Months ........
$1,738,302
$2,234,000
$2,143,333
$1,980,012
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
$2.100
NOV
$2,225,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,175
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.225 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 2017
telesproperties.com
Manhattan Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,250,000
$2,150,000
$2,525,000
$3,285,000
46.0%
Average Price per Square Foot ...........................
$1,001
$911
$979
$1,094
9.3%
Properties Sold .......................................................
38
35
34
21
-44.7%
Properties Pending Sale .......................................
24
39
30
30
25.0%
Properties For Sale ................................................
140
148
146
133
-5.0%
Days on Market (Pending Sale) ...........................
37
36
38
58
56.8%
Month’s Supply of Inventory ................................
3.7
4.2
4.3
6.3
71.9%
Percent Under Contract ........................................
17.1%
26.4%
20.5%
22.6%
31.6%
Average Median Price for Last 12 Months ........
$2,197,458
$2,561,083
$2,651,500
$2,382,846
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.250
NOV
$3,285,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,094
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.285 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Palos Verdes Estates DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,100,000
$2,200,000
$2,199,000
$1,682,750
-19.9%
Average Price per Square Foot ...........................
$713
$742
$827
$785
10.1%
Properties Sold .......................................................
9
19
13
10
11.1%
Properties Pending Sale .......................................
13
20
22
13
0.0%
Properties For Sale ................................................
83
95
107
82
-1.2%
Days on Market (Pending Sale) ...........................
48
48
40
51
6.2%
Month’s Supply of Inventory ................................
9.2
5
8.2
8.2
-11.1%
Percent Under Contract ........................................
15.7%
21.1%
20.6%
15.9%
1.2%
Average Median Price for Last 12 Months ........
$1,842,646
$1,965,292
$1,797,583
$1,921,373
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.100
OCT NOV
$1,682,750
DEC JAN
MEDIAN SALES PRICE
FEB
$785
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Rancho Palos Verdes DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,325,000
$1,353,000
$1,410,000
$1,325,000
0.0%
Average Price per Square Foot ...........................
$510
$540
$566
$547
7.3%
Properties Sold .......................................................
37
23
52
37
0.0%
Properties Pending Sale .......................................
48
44
36
27
-43.8%
Properties For Sale ................................................
171
143
159
145
-15.2%
Days on Market (Pending Sale) ...........................
50
34
32
33
-34.0%
Month’s Supply of Inventory ................................
4.6
6.2
3.1
3.9
-15.2%
Percent Under Contract ........................................
28.1%
30.8%
22.6%
18.6%
-33.7%
Average Median Price for Last 12 Months ........
$1,251,486
$1,426,667
$1,495,000
$1,356,173
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.325
NOV
$1,325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$547
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 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 2017
telesproperties.com
Redondo Beach- North DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$950,000
$950,000
$855,000
$1,147,000
20.7%
Average Price per Square Foot ...........................
$645
$621
$674
$608
-5.7%
Properties Sold .......................................................
15
17
17
14
-6.7%
Properties Pending Sale .......................................
19
21
18
14
-26.3%
Properties For Sale ................................................
43
55
52
45
4.7%
Days on Market (Pending Sale) ...........................
22
12
34
41
86.4%
Month’s Supply of Inventory ................................
2.9
3.2
3.1
3.2
12.1%
Percent Under Contract ........................................
44.2%
38.2%
34.6%
31.1%
-29.6%
Average Median Price for Last 12 Months ........
$898,229
$1,021,833
$1,074,000
$978,423
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
$950
NOV
$1,147,000
DEC JAN
MEDIAN SALES PRICE
FEB
$608
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 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 2017
telesproperties.com
Redondo Beach- South DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,299,500
$1,447,500
$1,287,000
$1,650,000
27.0%
Average Price per Square Foot ...........................
$678
$738
$773
$690
1.8%
Properties Sold .......................................................
14
10
15
13
-7.1%
Properties Pending Sale .......................................
17
13
23
16
-5.9%
Properties For Sale ................................................
55
55
66
53
-3.6%
Days on Market (Pending Sale) ...........................
50
13
27
25
-50.0%
Month’s Supply of Inventory ................................
3.9
5.5
4.4
4.1
3.8%
Percent Under Contract ........................................
30.9%
23.6%
34.8%
30.2%
-2.3%
Average Median Price for Last 12 Months ........
$1,305,854
$1,483,583
$1,553,333
$1,452,267
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
$1.299
NOV
$1,650,000
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
$1.650 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 2017
telesproperties.com
Rolling Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,550,000
$2,195,000
$4,275,000
$3,059,500
20.0%
Average Price per Square Foot ...........................
$872
$757
$887
$578
-33.7%
Properties Sold .......................................................
3
1
3
2
-33.3%
Properties Pending Sale .......................................
2
3
1
3
50.0%
Properties For Sale ................................................
31
36
32
35
12.9%
Days on Market (Pending Sale) ...........................
82
42
8
175
113.4%
Month’s Supply of Inventory ................................
10.3
36
10.7
17.5
69.4%
Percent Under Contract ........................................
6.5%
8.3%
3.1%
8.6%
32.9%
Average Median Price for Last 12 Months ........
$2,302,013
$3,055,500
$3,059,500
$3,096,325
34.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.550
NOV
$3,059,500
DEC JAN
MEDIAN SALES PRICE
FEB
$578
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
17.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.059 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 2017
telesproperties.com
Rolling Hills Estates DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,442,500
$1,420,000
$1,565,000
$1,210,000
-16.1%
Average Price per Square Foot ...........................
$511
$565
$621
$494
-3.3%
Properties Sold .......................................................
2
3
9
3
50.0%
Properties Pending Sale .......................................
7
11
6
2
-71.4%
Properties For Sale ................................................
36
38
39
33
-8.3%
Days on Market (Pending Sale) ...........................
105
27
94
78
-25.7%
Month’s Supply of Inventory ................................
18
12.7
4.3
11
-38.9%
Percent Under Contract ........................................
19.4%
28.9%
15.4%
6.1%
-68.8%
Average Median Price for Last 12 Months ........
$1,586,446
$1,573,083
$1,613,333
$1,576,358
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.442
NOV
$1,210,000
DEC JAN
MEDIAN SALES PRICE
FEB
$494
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.210 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Pedro DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$659,000
$585,000
$699,000
$634,500
-3.7%
Average Price per Square Foot ...........................
$377
$445
$452
$452
19.9%
Properties Sold .......................................................
28
33
33
30
7.1%
Properties Pending Sale .......................................
27
34
41
32
18.5%
Properties For Sale ................................................
119
112
133
107
-10.1%
Days on Market (Pending Sale) ...........................
49
44
37
48
-2.0%
Month’s Supply of Inventory ................................
4.2
3.4
4
3.6
-16.1%
Percent Under Contract ........................................
22.7%
30.4%
30.8%
29.9%
31.8%
Average Median Price for Last 12 Months ........
$606,043
$679,167
$669,000
$650,577
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
$659
NOV
$634,500
DEC JAN
MEDIAN SALES PRICE
FEB
$452
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$634 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Torrance- County Strip DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$529,000
$450,000
$550,000
$575,000
8.7%
Average Price per Square Foot ...........................
$332
$385
$335
$414
24.7%
Properties Sold .......................................................
4
2
2
8
100.0%
Properties Pending Sale .......................................
8
9
8
7
-12.5%
Properties For Sale ................................................
27
20
24
21
-22.2%
Days on Market (Pending Sale) ...........................
22
23
21
41
86.4%
Month’s Supply of Inventory ................................
6.8
10
12
2.6
-61.1%
Percent Under Contract ........................................
29.6%
45.0%
33.3%
33.3%
12.5%
Average Median Price for Last 12 Months ........
$502,896
$545,167
$545,167
$525,973
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$529
NOV
$575,000
DEC JAN
MEDIAN SALES PRICE
FEB
$414
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Torrance- North DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$630,000
$651,000
$688,000
$667,000
5.9%
Average Price per Square Foot ...........................
$443
$450
$441
$500
12.9%
Properties Sold .......................................................
17
21
15
17
0.0%
Properties Pending Sale .......................................
26
11
19
11
-57.7%
Properties For Sale ................................................
55
30
43
36
-34.5%
Days on Market (Pending Sale) ...........................
26
8
22
27
3.8%
Month’s Supply of Inventory ................................
3.2
1.4
2.9
2.1
-34.5%
Percent Under Contract ........................................
47.3%
36.7%
44.2%
30.6%
-35.4%
Average Median Price for Last 12 Months ........
$618,123
$684,583
$681,333
$657,596
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
$630
NOV
$667,000
DEC JAN
MEDIAN SALES PRICE
FEB
$500
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$667 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Torrance- South DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$822,500
$890,500
$977,500
$882,500
7.3%
Average Price per Square Foot ...........................
$502
$539
$585
$542
8.0%
Properties Sold .......................................................
20
18
16
20
0.0%
Properties Pending Sale .......................................
16
22
29
26
62.5%
Properties For Sale ................................................
55
49
84
63
14.5%
Days on Market (Pending Sale) ...........................
15
18
22
38
153.3%
Month’s Supply of Inventory ................................
2.8
2.7
5.2
3.2
14.5%
Percent Under Contract ........................................
29.1%
44.9%
34.5%
41.3%
41.9%
Average Median Price for Last 12 Months ........
$856,843
$957,083
$955,000
$931,625
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
$822
NOV
$882,500
DEC JAN
MEDIAN SALES PRICE
FEB
$542
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$882 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Torrance- Southeast DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$691,000
$610,000
$749,500
$800,000
15.8%
Average Price per Square Foot ...........................
$415
$489
$414
$397
-4.3%
Properties Sold .......................................................
9
5
18
10
11.1%
Properties Pending Sale .......................................
8
15
20
14
75.0%
Properties For Sale ................................................
23
44
55
29
26.1%
Days on Market (Pending Sale) ...........................
32
16
26
26
-18.8%
Month’s Supply of Inventory ................................
2.6
8.8
3.1
2.9
13.5%
Percent Under Contract ........................................
34.8%
34.1%
36.4%
48.3%
38.8%
Average Median Price for Last 12 Months ........
$631,083
$746,250
$759,000
$696,538
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$691
NOV
$800,000
DEC JAN
MEDIAN SALES PRICE
FEB
$397
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Torrance- West DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$847,500
$920,000
$900,000
$901,500
6.4%
Average Price per Square Foot ...........................
$456
$573
$522
$491
7.7%
Properties Sold .......................................................
16
9
15
19
18.8%
Properties Pending Sale .......................................
16
18
15
13
-18.8%
Properties For Sale ................................................
33
34
38
31
-6.1%
Days on Market (Pending Sale) ...........................
27
33
18
17
-37.0%
Month’s Supply of Inventory ................................
2.1
3.8
2.5
1.6
-20.9%
Percent Under Contract ........................................
48.5%
52.9%
39.5%
41.9%
-13.5%
Average Median Price for Last 12 Months ........
$821,625
$907,000
$906,333
$869,827
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
$847
NOV
$901,500
DEC JAN
MEDIAN SALES PRICE
FEB
$491
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$901 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Fernando Valley Macro Market DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$907,188
$1,003,118
$975,824
$951,059
4.8%
Average Price per Square Foot ...........................
$444
$459
$474
$476
7.2%
Properties Sold .......................................................
28
29
30
28
0.5%
Properties Pending Sale .......................................
30
34
38
34
13.3%
Properties For Sale ................................................
81
61
75
63
-22.2%
Days on Market (Pending Sale) ...........................
63
64
46
56
-11.9%
Month’s Supply of Inventory ................................
2.9
2.1
2.5
2.3
-22.6%
Percent Under Contract ........................................
37.0%
55.2%
50.1%
53.9%
45.7%
Average Median Price for Last 12 Months ........
$872,185
$995,118
$976,471
$944,185
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
$907
NOV
$951,059
DEC JAN
MEDIAN SALES PRICE
FEB
$476
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$951 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Agoura Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$838,000
$1,095,000
$1,070,000
$925,000
10.4%
Average Price per Square Foot ...........................
$381
$369
$423
$389
2.1%
Properties Sold .......................................................
12
20
30
14
16.7%
Properties Pending Sale .......................................
25
22
30
12
-52.0%
Properties For Sale ................................................
62
47
59
60
-3.2%
Days on Market (Pending Sale) ...........................
84
71
71
54
-35.7%
Month’s Supply of Inventory ................................
5.2
2.4
2
4.3
-17.1%
Percent Under Contract ........................................
40.3%
46.8%
50.8%
20.0%
-50.4%
Average Median Price for Last 12 Months ........
$875,167
$999,833
$942,000
$943,615
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
$838
NOV
$925,000
DEC JAN
MEDIAN SALES PRICE
FEB
$389
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 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 2017
telesproperties.com
Burbank DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$770,000
$729,000
$760,000
$811,000
5.3%
Average Price per Square Foot ...........................
$481
$491
$534
$518
7.7%
Properties Sold .......................................................
50
48
47
50
0.0%
Properties Pending Sale .......................................
48
52
57
69
43.8%
Properties For Sale ................................................
94
74
84
69
-26.6%
Days on Market (Pending Sale) ...........................
45
34
37
39
-13.3%
Month’s Supply of Inventory ................................
1.9
1.5
1.8
1.4
-26.6%
Percent Under Contract ........................................
51.1%
70.3%
67.9%
100.0%
95.8%
Average Median Price for Last 12 Months ........
$736,917
$799,667
$804,333
$779,154
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
$770
NOV
$811,000
DEC JAN
MEDIAN SALES PRICE
FEB
$518
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$811 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Calabasas DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,318,000
$1,060,000
$1,397,000
$1,135,000
-13.9%
Average Price per Square Foot ...........................
$442
$475
$478
$439
-0.7%
Properties Sold .......................................................
29
23
27
13
-55.2%
Properties Pending Sale .......................................
17
28
30
34
100.0%
Properties For Sale ................................................
107
88
94
71
-33.6%
Days on Market (Pending Sale) ...........................
79
77
65
96
21.5%
Month’s Supply of Inventory ................................
3.7
3.8
3.5
5.5
48.0%
Percent Under Contract ........................................
15.9%
31.8%
31.9%
47.9%
201.4%
Average Median Price for Last 12 Months ........
$1,465,583
$1,339,667
$1,326,000
$1,322,000
-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
$1.318
NOV
$1,135,000
DEC JAN
MEDIAN SALES PRICE
FEB
$439
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.135 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Encino DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$920,000
$1,300,000
$1,181,000
$1,283,000
39.5%
Average Price per Square Foot ...........................
$473
$487
$549
$573
21.1%
Properties Sold .......................................................
31
29
51
46
48.4%
Properties Pending Sale .......................................
46
50
56
36
-21.7%
Properties For Sale ................................................
136
102
120
102
-25.0%
Days on Market (Pending Sale) ...........................
70
81
48
56
-20.0%
Month’s Supply of Inventory ................................
4.4
3.5
2.4
2.2
-49.5%
Percent Under Contract ........................................
33.8%
49.0%
46.7%
35.3%
4.3%
Average Median Price for Last 12 Months ........
$1,165,750
$1,340,833
$1,402,667
$1,299,462
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$920
NOV
$1,283,000
DEC JAN
MEDIAN SALES PRICE
FEB
$573
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 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 2017
telesproperties.com
Glendale DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$851,000
$888,000
$968,000
$985,000
15.7%
Average Price per Square Foot ...........................
$509
$472
$508
$486
-4.5%
Properties Sold .......................................................
61
71
62
59
-3.3%
Properties Pending Sale .......................................
65
79
71
66
1.5%
Properties For Sale ................................................
88
78
116
113
28.4%
Days on Market (Pending Sale) ...........................
43
45
42
47
9.3%
Month’s Supply of Inventory ................................
2.5
1.6
1.7
1.4
-43.2%
Percent Under Contract ........................................
43.3%
72.5%
63.8%
73.9%
70.6%
Average Median Price for Last 12 Months ........
$833,250
$925,833
$921,667
$903,667
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
$888
NOV
$985,000
DEC JAN
MEDIAN SALES PRICE
FEB
$486
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$851 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
La Crescenta DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$785,000
$840,000
$950,000
$775,000
-1.3%
Average Price per Square Foot ...........................
$484
$497
$517
$515
6.4%
Properties Sold .......................................................
21
21
19
16
-23.8%
Properties Pending Sale .......................................
21
17
24
11
-47.6%
Properties For Sale ................................................
28
22
24
25
-10.7%
Days on Market (Pending Sale) ...........................
56
53
29
34
-39.3%
Month’s Supply of Inventory ................................
1.3
1
1.3
1.6
17.2%
Percent Under Contract ........................................
75.0%
77.3%
100.0%
44.0%
-41.3%
Average Median Price for Last 12 Months ........
$783,750
$844,167
$830,000
$827,769
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
$785
NOV
$775,000
DEC JAN
MEDIAN SALES PRICE
FEB
$515
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.6 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 2017
telesproperties.com
North Hollywood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$513,000
$568,000
$571,000
$600,000
17.0%
Average Price per Square Foot ...........................
$447
$406
$404
$460
2.9%
Properties Sold .......................................................
29
26
25
30
3.4%
Properties Pending Sale .......................................
31
45
43
56
80.6%
Properties For Sale ................................................
73
52
63
58
-20.5%
Days on Market (Pending Sale) ...........................
66
56
38
51
-22.7%
Month’s Supply of Inventory ................................
2.5
2
2.5
1.9
-23.2%
Percent Under Contract ........................................
42.5%
86.5%
68.3%
96.6%
127.4%
Average Median Price for Last 12 Months ........
$513,583
$588,667
$606,000
$568,769
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$513
NOV
$600,000
DEC JAN
MEDIAN SALES PRICE
FEB
$460
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 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 2017
telesproperties.com
Shadow Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$610,000
$1,142,000
$795,000
$728,000
19.3%
Average Price per Square Foot ...........................
$365
$322
$303
$363
-0.5%
Properties Sold .......................................................
5
6
6
2
-60.0%
Properties Pending Sale .......................................
4
3
4
6
50.0%
Properties For Sale ................................................
15
12
7
8
-46.7%
Days on Market (Pending Sale) ...........................
76
122
39
85
11.8%
Month’s Supply of Inventory ................................
3
2
1.2
4
33.3%
Percent Under Contract ........................................
26.7%
25.0%
57.1%
75.0%
181.2%
Average Median Price for Last 12 Months ........
$733,333
$834,833
$801,000
$813,077
10.9%
*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
$610
NOV
$728,000
DEC JAN
MEDIAN SALES PRICE
FEB
$363
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$728 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Sherman Oaks DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,225,000
$1,125,000
$1,173,000
$1,195,000
-2.4%
Average Price per Square Foot ...........................
$507
$515
$542
$552
8.9%
Properties Sold .......................................................
59
47
46
55
-6.8%
Properties Pending Sale .......................................
57
50
71
60
5.3%
Properties For Sale ................................................
163
106
150
114
-30.1%
Days on Market (Pending Sale) ...........................
61
70
54
51
-16.4%
Month’s Supply of Inventory ................................
2.8
2.3
3.3
2.1
-25.0%
Percent Under Contract ........................................
35.0%
47.2%
47.3%
52.6%
50.5%
Average Median Price for Last 12 Months ........
$1,108,333
$1,161,667
$1,124,333
$1,158,538
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 OCT
$1.225
NOV
$1,195,000
DEC JAN
MEDIAN SALES PRICE
FEB
$552
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.195 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Studio City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,359,000
$1,526,000
$1,299,000
$1,325,000
-2.5%
Average Price per Square Foot ...........................
$590
$606
$590
$602
2.0%
Properties Sold .......................................................
30
31
25
29
-3.3%
Properties Pending Sale .......................................
38
33
40
38
0.0%
Properties For Sale ................................................
81
73
70
71
-12.3%
Days on Market (Pending Sale) ...........................
66
59
52
53
-19.7%
Month’s Supply of Inventory ................................
2.7
2.4
2.8
2.4
-9.3%
Percent Under Contract ........................................
46.9%
45.2%
57.1%
53.5%
14.1%
Average Median Price for Last 12 Months ........
$1,402,083
$1,328,000
$1,323,000
$1,375,231
-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
$1.359
NOV
$1,325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$602
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 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 2017
telesproperties.com
Sun Valley DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$483,000
$523,000
$628,000
$533,000
10.4%
Average Price per Square Foot ...........................
$365
$417
$392
$361
-1.1%
Properties Sold .......................................................
16
12
22
13
-18.8%
Properties Pending Sale .......................................
15
18
23
20
33.3%
Properties For Sale ................................................
27
20
24
21
-22.2%
Days on Market (Pending Sale) ...........................
31
37
30
31
0.0%
Month’s Supply of Inventory ................................
1.7
1.7
1.1
1.6
-4.3%
Percent Under Contract ........................................
55.6%
90.0%
95.8%
95.2%
71.4%
Average Median Price for Last 12 Months ........
$469,333
$542,500
$540,000
$519,846
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
$483
NOV
$533,000
DEC JAN
MEDIAN SALES PRICE
FEB
$361
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$533 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Sunland/Tujunga DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$565,000
$664,000
$588,000
$525,000
-7.1%
Average Price per Square Foot ...........................
$375
$329
$360
$396
5.6%
Properties Sold .......................................................
33
16
14
14
-57.6%
Properties Pending Sale .......................................
29
13
17
22
-24.1%
Properties For Sale ................................................
76
19
23
21
-72.4%
Days on Market (Pending Sale) ...........................
53
62
38
34
-35.8%
Month’s Supply of Inventory ................................
2.3
1.2
1.6
1.5
-34.9%
Percent Under Contract ........................................
38.2%
68.4%
73.9%
104.8%
174.5%
Average Median Price for Last 12 Months ........
$535,000
$574,500
$547,000
$582,692
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
$565
NOV
$525,000
DEC JAN
MEDIAN SALES PRICE
FEB
$396
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Tarzana DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,059,000
$1,065,000
$1,050,000
$1,100,000
3.9%
Average Price per Square Foot ...........................
$356
$361
$398
$436
22.5%
Properties Sold .......................................................
18
21
33
27
50.0%
Properties Pending Sale .......................................
30
22
31
20
-33.3%
Properties For Sale ................................................
93
70
91
83
-10.8%
Days on Market (Pending Sale) ...........................
73
51
48
61
-16.4%
Month’s Supply of Inventory ................................
5.2
3.3
2.8
3.1
-40.5%
Percent Under Contract ........................................
32.3%
31.4%
34.1%
24.1%
-25.3%
Average Median Price for Last 12 Months ........
$969,333
$1,071,833
$1,118,667
$1,067,615
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.059
NOV
$1,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$436
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 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 2017
telesproperties.com
Toluca Lake DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,087,000
$1,890,000
$1,380,000
$1,390,000
27.9%
Average Price per Square Foot ...........................
$578
$722
$714
$611
5.7%
Properties Sold .......................................................
5
3
7
3
-40.0%
Properties Pending Sale .......................................
7
3
4
4
-42.9%
Properties For Sale ................................................
20
14
18
17
-15.0%
Days on Market (Pending Sale) ...........................
43
70
43
86
100.0%
Month’s Supply of Inventory ................................
4
4.7
2.6
5.7
41.7%
Percent Under Contract ........................................
35.0%
21.4%
22.2%
23.5%
-32.8%
Average Median Price for Last 12 Months ........
$1,305,500
$1,606,333
$1,272,667
$1,548,231
18.6%
*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
$1.087
NOV
$1,390,000
DEC JAN
MEDIAN SALES PRICE
FEB
$611
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Valley Village DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$765,000
$850,000
$965,000
$945,000
23.5%
Average Price per Square Foot ...........................
$440
$508
$511
$540
22.7%
Properties Sold .......................................................
14
13
19
12
-14.3%
Properties Pending Sale .......................................
18
16
23
22
22.2%
Properties For Sale ................................................
45
22
28
23
-48.9%
Days on Market (Pending Sale) ...........................
74
81
55
36
-51.4%
Month’s Supply of Inventory ................................
3.2
1.7
1.5
1.9
-40.4%
Percent Under Contract ........................................
40.0%
72.7%
82.1%
95.7%
139.1%
Average Median Price for Last 12 Months ........
$884,667
$995,000
$986,333
$930,923
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
$765
NOV
$945,000
DEC JAN
MEDIAN SALES PRICE
FEB
$540
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 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 2017
telesproperties.com
Westlake Village DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,443,000
$999,000
$999,000
$1,180,000
-18.2%
Average Price per Square Foot ...........................
$454
$461
$437
$457
0.7%
Properties Sold .......................................................
30
27
21
25
-16.7%
Properties Pending Sale .......................................
33
34
33
29
-12.1%
Properties For Sale ................................................
105
98
121
97
-7.6%
Days on Market (Pending Sale) ...........................
76
63
49
57
-25.0%
Month’s Supply of Inventory ................................
3.5
3.6
5.8
3.9
10.9%
Percent Under Contract ........................................
31.4%
34.7%
27.3%
29.9%
-4.9%
Average Median Price for Last 12 Months ........
$1,182,583
$1,169,833
$1,280,000
$1,202,769
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
$1.443
NOV
$1,180,000
DEC JAN
MEDIAN SALES PRICE
FEB
$457
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 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 2017
telesproperties.com
Woodland Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$775,000
$789,000
$815,000
$867,000
11.9%
Average Price per Square Foot ...........................
$370
$371
$400
$377
1.9%
Properties Sold .......................................................
61
81
61
63
3.3%
Properties Pending Sale .......................................
62
85
84
75
21.0%
Properties For Sale ................................................
175
135
187
146
-16.6%
Days on Market (Pending Sale) ...........................
59
56
46
80
35.6%
Month’s Supply of Inventory ................................
2.9
1.7
3.1
2.3
-19.2%
Percent Under Contract ........................................
35.4%
63.0%
44.9%
51.4%
45.0%
Average Median Price for Last 12 Months ........
$769,750
$816,167
$819,000
$843,615
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
$775
NOV
$867,000
DEC JAN
MEDIAN SALES PRICE
FEB
$377
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$867 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Gabriel Valley Macro Market DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,041,083
$1,022,833
$1,082,417
$1,043,917
0.3%
Average Price per Square Foot ...........................
$530
$542
$555
$549
3.7%
Properties Sold .......................................................
23
19
26
30
29.0%
Properties Pending Sale .......................................
27
27
28
31
16.7%
Properties For Sale ................................................
66
57
62
90
35.8%
Days on Market (Pending Sale) ...........................
56
48
39
45
-20.7%
Month’s Supply of Inventory ................................
2.9
3
2.4
3
5.3%
Percent Under Contract ........................................
39.9%
47.3%
44.8%
34.3%
-14.1%
Average Median Price for Last 12 Months ........
$1,013,646
$1,063,069
$1,051,806
$1,065,276
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
$1.041
NOV
$1,043,917
DEC JAN
MEDIAN SALES PRICE
FEB
$549
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.043 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Alhambra DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$665,000
$622,000
$692,000
$676,000
1.7%
Average Price per Square Foot ...........................
$418
$412
$504
$448
7.2%
Properties Sold .......................................................
21
18
16
25
19.0%
Properties Pending Sale .......................................
25
18
23
18
-28.0%
Properties For Sale ................................................
47
19
28
19
-59.6%
Days on Market (Pending Sale) ...........................
55
75
36
31
-43.6%
Month’s Supply of Inventory ................................
2.2
1.1
1.8
0.8
-66.0%
Percent Under Contract ........................................
53.2%
94.7%
82.1%
94.7%
78.1%
Average Median Price for Last 12 Months ........
$605,167
$686,667
$683,000
$664,000
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$665
NOV
$676,000
DEC JAN
MEDIAN SALES PRICE
FEB
$448
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$676 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Altadena DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$705,000
$880,000
$833,000
$779,000
10.5%
Average Price per Square Foot ...........................
$440
$456
$485
$459
4.3%
Properties Sold .......................................................
30
25
34
32
6.7%
Properties Pending Sale .......................................
29
38
38
41
41.4%
Properties For Sale ................................................
56
43
39
39
-30.4%
Days on Market (Pending Sale) ...........................
60
40
40
41
-31.7%
Month’s Supply of Inventory ................................
1.9
1.7
1.1
1.2
-34.7%
Percent Under Contract ........................................
51.8%
88.4%
97.4%
105.1%
103.0%
Average Median Price for Last 12 Months ........
$725,250
$818,667
$820,333
$806,000
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$705
NOV
$779,000
DEC JAN
MEDIAN SALES PRICE
FEB
$459
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.2 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 2017
telesproperties.com
Arcadia DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,120,000
$1,204,000
$1,400,000
$1,280,000
14.3%
Average Price per Square Foot ...........................
$537
$588
$564
$520
-3.2%
Properties Sold .......................................................
41
32
39
36
-12.2%
Properties Pending Sale .......................................
40
39
50
37
-7.5%
Properties For Sale ................................................
199
208
236
203
2.0%
Days on Market (Pending Sale) ...........................
61
39
54
58
-4.9%
Month’s Supply of Inventory ................................
4.9
6.5
6.1
5.6
16.2%
Percent Under Contract ........................................
20.1%
18.8%
21.2%
18.2%
-9.3%
Average Median Price for Last 12 Months ........
$1,250,583
$1,233,167
$1,245,667
$1,267,923
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.120
NOV
$1,280,000
DEC JAN
MEDIAN SALES PRICE
FEB
$520
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Duarte DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$475,000
$440,000
$495,000
$468,000
-1.5%
Average Price per Square Foot ...........................
$374
$352
$360
$383
2.4%
Properties Sold .......................................................
17
9
10
20
17.6%
Properties Pending Sale .......................................
25
15
21
17
-32.0%
Properties For Sale ................................................
30
24
30
17
-43.3%
Days on Market (Pending Sale) ...........................
36
40
24
41
13.9%
Month’s Supply of Inventory ................................
1.8
2.7
3
0.8
-51.8%
Percent Under Contract ........................................
83.3%
62.5%
70.0%
100.0%
20.0%
Average Median Price for Last 12 Months ........
$468,667
$517,333
$522,333
$496,154
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
$475
NOV
$468,000
DEC JAN
MEDIAN SALES PRICE
FEB
$383
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$468 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Eagle Rock DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$852,000
$670,000
$880,000
$1,028,000
20.7%
Average Price per Square Foot ...........................
$463
$532
$580
$525
13.4%
Properties Sold .......................................................
20
6
4
57
185.0%
Properties Pending Sale .......................................
15
8
8
64
326.7%
Properties For Sale ................................................
26
15
11
234
800.0%
Days on Market (Pending Sale) ...........................
49
23
46
47
-4.1%
Month’s Supply of Inventory ................................
1.3
2.5
2.8
4.1
215.8%
Percent Under Contract ........................................
57.7%
53.3%
72.7%
27.4%
-52.6%
Average Median Price for Last 12 Months ........
$759,833
$850,000
$868,667
$820,615
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$852
NOV
$1,028,000
DEC JAN
MEDIAN SALES PRICE
FEB
$525
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.028 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
La Canada Flintridge DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,149,000
$1,856,000
$1,750,000
$1,360,000
-36.7%
Average Price per Square Foot ...........................
$619
$654
$706
$570
-7.9%
Properties Sold .......................................................
15
14
21
55
266.7%
Properties Pending Sale .......................................
19
18
26
59
210.5%
Properties For Sale ................................................
49
55
47
239
387.8%
Days on Market (Pending Sale) ...........................
51
47
62
56
9.8%
Month’s Supply of Inventory ................................
3.3
3.9
2.2
4.3
33.0%
Percent Under Contract ........................................
38.8%
32.7%
55.3%
24.7%
-36.3%
Average Median Price for Last 12 Months ........
$1,692,083
$1,674,333
$1,532,667
$1,764,923
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.149
OCT NOV
$1,360,000
DEC JAN
MEDIAN SALES PRICE
FEB
$570
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Monrovia DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$635,000
$735,000
$787,000
$695,000
9.4%
Average Price per Square Foot ...........................
$423
$482
$459
$462
9.2%
Properties Sold .......................................................
23
14
22
20
-13.0%
Properties Pending Sale .......................................
26
25
26
27
3.8%
Properties For Sale ................................................
50
31
43
40
-20.0%
Days on Market (Pending Sale) ...........................
48
50
16
42
-12.5%
Month’s Supply of Inventory ................................
2.2
2.2
2
2
-8.0%
Percent Under Contract ........................................
52.0%
80.6%
60.5%
67.5%
29.8%
Average Median Price for Last 12 Months ........
$629,250
$708,000
$706,333
$685,615
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$635
NOV
$695,000
DEC JAN
MEDIAN SALES PRICE
FEB
$462
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Pasadena DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$935,000
$884,000
$992,000
$940,000
0.5%
Average Price per Square Foot ...........................
$545
$600
$583
$573
5.1%
Properties Sold .......................................................
67
65
95
67
0.0%
Properties Pending Sale .......................................
81
100
93
64
-21.0%
Properties For Sale ................................................
205
173
167
152
-25.9%
Days on Market (Pending Sale) ...........................
63
36
45
45
-28.6%
Month’s Supply of Inventory ................................
3.1
2.7
1.8
2.3
-25.9%
Percent Under Contract ........................................
39.5%
57.8%
55.7%
42.1%
6.6%
Average Median Price for Last 12 Months ........
$843,000
$959,833
$930,667
$895,231
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$935
NOV
$940,000
DEC JAN
MEDIAN SALES PRICE
FEB
$573
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$940 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Gabriel DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$660,000
$748,000
$760,000
$760,000
15.2%
Average Price per Square Foot ...........................
$494
$477
$499
$492
-0.4%
Properties Sold .......................................................
17
23
23
22
29.4%
Properties Pending Sale .......................................
26
30
21
16
-38.5%
Properties For Sale ................................................
56
37
48
54
-3.6%
Days on Market (Pending Sale) ...........................
42
40
38
33
-21.4%
Month’s Supply of Inventory ................................
3.3
1.6
2.1
2.5
-25.5%
Percent Under Contract ........................................
46.4%
81.1%
43.8%
29.6%
-36.2%
Average Median Price for Last 12 Months ........
$721,667
$787,833
$820,000
$772,308
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
$660
NOV
$760,000
DEC JAN
MEDIAN SALES PRICE
FEB
$492
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Marino DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,924,000
$1,840,000
$2,170,000
$2,438,000
26.7%
Average Price per Square Foot ...........................
$830
$804
$955
$932
12.3%
Properties Sold .......................................................
10
4
17
11
10.0%
Properties Pending Sale .......................................
10
13
11
12
20.0%
Properties For Sale ................................................
39
44
57
48
23.1%
Days on Market (Pending Sale) ...........................
62
38
31
63
1.6%
Month’s Supply of Inventory ................................
3.9
11
3.4
4.4
11.9%
Percent Under Contract ........................................
25.6%
29.5%
19.3%
25.0%
-2.5%
Average Median Price for Last 12 Months ........
$2,229,083
$2,177,667
$2,133,667
$2,225,231
-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
$1.924
NOV
$2,438,000
DEC JAN
MEDIAN SALES PRICE
FEB
$932
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.438 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Sierra Madre DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,075,000
$1,100,000
$1,115,000
$865,000
-19.5%
Average Price per Square Foot ...........................
$587
$536
$482
$522
-11.1%
Properties Sold .......................................................
8
9
13
6
-25.0%
Properties Pending Sale .......................................
9
2
9
6
-33.3%
Properties For Sale ................................................
16
23
21
24
50.0%
Days on Market (Pending Sale) ...........................
41
90
35
41
0.0%
Month’s Supply of Inventory ................................
2
2.6
1.6
4
100.0%
Percent Under Contract ........................................
56.2%
8.7%
42.9%
25.0%
-55.6%
Average Median Price for Last 12 Months ........
$1,011,000
$1,059,667
$1,056,000
$1,059,462
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 $1.075
OCT NOV
$865,000
DEC JAN
MEDIAN SALES PRICE
FEB
$522
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$865 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
South Pasadena DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,298,000
$1,295,000
$1,115,000
$1,238,000
-4.6%
Average Price per Square Foot ...........................
$627
$611
$482
$706
12.6%
Properties Sold .......................................................
7
11
13
5
-28.6%
Properties Pending Sale .......................................
13
15
9
10
-23.1%
Properties For Sale ................................................
23
7
21
12
-47.8%
Days on Market (Pending Sale) ...........................
109
55
35
39
-64.2%
Month’s Supply of Inventory ................................
3.3
0.6
1.6
2.4
-27.0%
Percent Under Contract ........................................
56.5%
214.3%
42.9%
83.3%
47.4%
Average Median Price for Last 12 Months ........
$1,228,167
$1,283,667
$1,302,333
$1,325,846
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.298
NOV
$1,238,000
DEC JAN
MEDIAN SALES PRICE
FEB
$706
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.238 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : October 2017
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : October 2017
telesproperties.com
Orange County DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$745,000
$770,000
$780,000
$776,000
4.2%
Average Price per Square Foot ...........................
$430
$448
$451
$477
10.9%
Properties Sold .......................................................
1599
1623
1762
1605
0.4%
Properties Pending Sale .......................................
1623
1982
1875
1647
1.5%
Properties For Sale ................................................
6,691
6,375
6,778
5,810
-13.2%
Days on Market (Pending Sale) ...........................
57
40
44
51
-10.5%
Month’s Supply of Inventory ................................
4.2
3.9
3.8
3.6
-13.5%
Percent Under Contract ........................................
24.3%
31.1%
27.7%
28.3%
16.9%
Average Median Price for Last 12 Months ........
$722,917
$784,583
$782,500
$763,573
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
$745
NOV
$776,000
DEC JAN
MEDIAN SALES PRICE
FEB
$477
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$776 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Aliso Viejo DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$827,500
$869,000
$815,000
$787,450
-4.8%
Average Price per Square Foot ...........................
$353
$369
$398
$382
8.2%
Properties Sold .......................................................
17
15
21
28
64.7%
Properties Pending Sale .......................................
19
29
20
14
-26.3%
Properties For Sale ................................................
57
68
55
35
-38.6%
Days on Market (Pending Sale) ...........................
49
26
33
49
0.0%
Month’s Supply of Inventory ................................
3.4
4.5
2.6
1.2
-62.7%
Percent Under Contract ........................................
33.3%
42.6%
36.4%
40.0%
20.0%
Average Median Price for Last 12 Months ........
$770,479
$823,408
$829,317
$807,531
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
$827
NOV
$787,450
DEC JAN
MEDIAN SALES PRICE
FEB
$382
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$787 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Balboa Peninsula DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$4,000,001
$2,800,000
$1,300,000
$3,450,000
-13.8%
Average Price per Square Foot ...........................
$1,295
$1,163
$1,052
$1,593
23.0%
Properties Sold .......................................................
3
10
1
5
66.7%
Properties Pending Sale .......................................
2
11
8
8
300.0%
Properties For Sale ................................................
44
45
40
35
-20.5%
Days on Market (Pending Sale) ...........................
8
91
70
172
2050.0%
Month’s Supply of Inventory ................................
14.7
4.5
40
7
-52.3%
Percent Under Contract ........................................
4.5%
24.4%
20.0%
22.9%
402.9%
Average Median Price for Last 12 Months ........
$3,529,792
$2,964,583
$3,383,333
$3,119,192
-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
$4.000
NOV
$3,450,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,593
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.450 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 2017
telesproperties.com
Corona del Mar - Spyglass DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$3,150,000
$2,535,000
$3,112,000
$3,270,000
3.8%
Average Price per Square Foot ...........................
$1,140
$1,077
$1,133
$1,519
33.2%
Properties Sold .......................................................
11
10
15
8
-27.3%
Properties Pending Sale .......................................
10
11
10
12
20.0%
Properties For Sale ................................................
79
84
80
79
0.0%
Days on Market (Pending Sale) ...........................
68
55
85
89
30.9%
Month’s Supply of Inventory ................................
7.2
8.4
5.3
9.9
37.5%
Percent Under Contract ........................................
12.7%
13.1%
12.5%
15.2%
20.0%
Average Median Price for Last 12 Months ........
$2,884,042
$2,782,694
$2,644,000
$2,797,299
-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
$3.150
NOV
$3,270,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,519
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Coto de Caza DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,265,000
$1,060,000
$1,120,000
$1,295,000
2.4%
Average Price per Square Foot ...........................
$355
$362
$337
$352
-0.8%
Properties Sold .......................................................
19
17
20
18
-5.3%
Properties Pending Sale .......................................
13
34
19
17
30.8%
Properties For Sale ................................................
14
143
132
112
700.0%
Days on Market (Pending Sale) ...........................
89
61
54
66
-25.8%
Month’s Supply of Inventory ................................
0.7
8.4
6.6
6.2
744.4%
Percent Under Contract ........................................
92.9%
23.8%
14.4%
15.2%
-83.7%
Average Median Price for Last 12 Months ........
$1,212,110
$1,263,833
$1,219,167
$1,198,500
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.265
NOV
$1,295,000
DEC JAN
MEDIAN SALES PRICE
FEB
$352
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Crystal Cove DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$7,700,000
$8,600,000
$6,900,000
$6,215,000
-19.3%
Average Price per Square Foot ...........................
$1,406
$1,286
$1,222
$1,276
-9.2%
Properties Sold .......................................................
1
3
5
6
500.0%
Properties Pending Sale .......................................
4
6
1
3
-25.0%
Properties For Sale ................................................
27
30
22
23
-14.8%
Days on Market (Pending Sale) ...........................
76
49
105
34
-55.3%
Month’s Supply of Inventory ................................
27
10
4.4
3.8
-85.8%
Percent Under Contract ........................................
14.8%
20.0%
4.5%
13.0%
-12.0%
Average Median Price for Last 12 Months ........
$5,789,720
$7,778,000
$9,645,000
$7,751,364
33.9%
*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
$7.700
NOV
$6,215,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,276
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$6.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Dana Point DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$849,000
$1,160,000
$1,114,500
$1,162,500
36.9%
Average Price per Square Foot ...........................
$632
$588
$627
$654
3.5%
Properties Sold .......................................................
27
33
28
36
33.3%
Properties Pending Sale .......................................
29
23
28
33
13.8%
Properties For Sale ................................................
191
171
199
176
-7.9%
Days on Market (Pending Sale) ...........................
68
77
73
70
2.9%
Month’s Supply of Inventory ................................
7.1
5.2
7.1
4.9
-30.9%
Percent Under Contract ........................................
15.2%
13.5%
14.1%
18.8%
23.5%
Average Median Price for Last 12 Months ........
$1,023,753
$1,131,583
$1,150,833
$1,048,423
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$849
NOV
$1,162,500
DEC JAN
MEDIAN SALES PRICE
FEB
$654
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.162 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
East Bluff - Harbor View DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,893,500
$1,725,000
$2,195,000
$2,115,000
11.7%
Average Price per Square Foot ...........................
$732
$743
$753
$748
2.2%
Properties Sold .......................................................
18
15
25
15
-16.7%
Properties Pending Sale .......................................
16
20
16
12
-25.0%
Properties For Sale ................................................
109
114
109
95
-12.8%
Days on Market (Pending Sale) ...........................
67
55
65
69
3.0%
Month’s Supply of Inventory ................................
6.1
7.6
4.4
6.3
4.6%
Percent Under Contract ........................................
14.7%
17.5%
14.7%
12.6%
-13.9%
Average Median Price for Last 12 Months ........
$1,844,326
$2,068,750
$2,192,500
$1,993,538
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
$1.893
NOV
$2,115,000
DEC JAN
MEDIAN SALES PRICE
FEB
$748
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
East Costa Mesa DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$936,250
$995,000
$912,500
$992,873
6.0%
Average Price per Square Foot ...........................
$523
$551
$642
$606
15.9%
Properties Sold .......................................................
16
11
20
19
18.8%
Properties Pending Sale .......................................
13
15
17
21
61.5%
Properties For Sale ................................................
59
60
70
84
42.4%
Days on Market (Pending Sale) ...........................
47
37
59
63
34.0%
Month’s Supply of Inventory ................................
3.7
5.5
3.5
4.4
19.9%
Percent Under Contract ........................................
22.0%
25.0%
24.3%
25.0%
13.5%
Average Median Price for Last 12 Months ........
$1,023,949
$1,006,229
$999,291
$1,018,163
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$936
NOV
$992,873
DEC JAN
MEDIAN SALES PRICE
FEB
$606
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Fountain Valley DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$752,000
$827,500
$767,000
$763,500
1.5%
Average Price per Square Foot ...........................
$367
$395
$407
$416
13.4%
Properties Sold .......................................................
22
32
31
22
0.0%
Properties Pending Sale .......................................
22
30
28
23
4.5%
Properties For Sale ................................................
70
64
65
61
-12.9%
Days on Market (Pending Sale) ...........................
25
21
33
31
24.0%
Month’s Supply of Inventory ................................
3.2
2
2.1
2.8
-12.9%
Percent Under Contract ........................................
31.4%
46.9%
43.1%
37.7%
20.0%
Average Median Price for Last 12 Months ........
$728,625
$772,750
$774,167
$777,323
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
$752
NOV
$763,500
DEC JAN
MEDIAN SALES PRICE
FEB
$416
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$763 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Huntington Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$860,000
$800,000
$880,000
$877,000
2.0%
Average Price per Square Foot ...........................
$455
$476
$487
$497
9.2%
Properties Sold .......................................................
107
87
127
105
-1.9%
Properties Pending Sale .......................................
110
117
135
110
0.0%
Properties For Sale ................................................
324
295
360
295
-9.0%
Days on Market (Pending Sale) ...........................
46
39
47
42
-8.7%
Month’s Supply of Inventory ................................
3
3.4
2.8
2.8
-7.2%
Percent Under Contract ........................................
34.0%
39.7%
37.5%
37.3%
9.8%
Average Median Price for Last 12 Months ........
$814,121
$882,667
$875,333
$844,577
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
$860
NOV
$877,000
DEC JAN
MEDIAN SALES PRICE
FEB
$497
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Irvine DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,075,000
$1,052,500
$1,097,500
$1,080,000
0.5%
Average Price per Square Foot ...........................
$460
$530
$511
$506
10.0%
Properties Sold .......................................................
84
94
114
81
-3.6%
Properties Pending Sale .......................................
102
136
131
97
-4.9%
Properties For Sale ................................................
441
430
497
365
-17.2%
Days on Market (Pending Sale) ...........................
63
39
46
67
6.3%
Month’s Supply of Inventory ................................
5.2
4.6
4.4
4.5
-14.2%
Percent Under Contract ........................................
23.1%
31.6%
26.4%
26.6%
14.9%
Average Median Price for Last 12 Months ........
$1,024,284
$1,102,250
$1,118,333
$1,096,777
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
$1.075
NOV
$1,080,000
DEC JAN
MEDIAN SALES PRICE
FEB
$506
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.080 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Ladera Ranch DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$835,000
$1,010,000
$930,000
$871,500
4.4%
Average Price per Square Foot ...........................
$330
$358
$361
$363
10.0%
Properties Sold .......................................................
25
30
40
28
12.0%
Properties Pending Sale .......................................
25
24
22
29
16.0%
Properties For Sale ................................................
107
114
128
113
5.6%
Days on Market (Pending Sale) ...........................
71
33
48
63
-11.3%
Month’s Supply of Inventory ................................
4.3
3.8
3.2
4
-5.7%
Percent Under Contract ........................................
23.4%
21.1%
17.2%
25.7%
9.8%
Average Median Price for Last 12 Months ........
$853,704
$892,992
$901,500
$891,188
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$835
NOV
$871,500
DEC JAN
MEDIAN SALES PRICE
FEB
$363
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$871 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Laguna Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,900,000
$2,942,500
$1,850,000
$1,900,000
0.0%
Average Price per Square Foot ...........................
$1,072
$1,154
$1,058
$1,198
11.8%
Properties Sold .......................................................
26
22
26
31
19.2%
Properties Pending Sale .......................................
29
36
30
31
6.9%
Properties For Sale ................................................
256
243
280
264
3.1%
Days on Market (Pending Sale) ...........................
90
67
62
89
-1.1%
Month’s Supply of Inventory ................................
9.8
11
10.8
8.5
-13.5%
Percent Under Contract ........................................
11.3%
14.8%
10.7%
11.7%
3.7%
Average Median Price for Last 12 Months ........
$1,965,917
$1,865,000
$1,851,667
$2,043,700
4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.900
NOV
$1,900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,198
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.5 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 2017
telesproperties.com
Laguna Niguel DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$860,000
$952,750
$910,000
$1,010,000
17.4%
Average Price per Square Foot ...........................
$416
$410
$465
$440
5.8%
Properties Sold .......................................................
59
54
61
53
-10.2%
Properties Pending Sale .......................................
52
78
74
58
11.5%
Properties For Sale ................................................
253
255
273
220
-13.0%
Days on Market (Pending Sale) ...........................
64
41
56
63
-1.6%
Month’s Supply of Inventory ................................
4.3
4.7
4.5
4.2
-3.2%
Percent Under Contract ........................................
20.6%
30.6%
27.1%
26.4%
28.3%
Average Median Price for Last 12 Months ........
$868,250
$963,417
$990,333
$926,323
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
$860
NOV
$1,010,000
DEC JAN
MEDIAN SALES PRICE
FEB
$440
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.010 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Laguna Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$929,950
$847,500
$915,000
$815,000
-12.4%
Average Price per Square Foot ...........................
$377
$351
$379
$386
2.4%
Properties Sold .......................................................
18
17
17
23
27.8%
Properties Pending Sale .......................................
21
25
22
24
14.3%
Properties For Sale ................................................
109
112
114
90
-17.4%
Days on Market (Pending Sale) ...........................
74
34
50
70
-5.4%
Month’s Supply of Inventory ................................
6.1
6.6
6.7
3.9
-35.4%
Percent Under Contract ........................................
19.3%
22.3%
19.3%
26.7%
38.4%
Average Median Price for Last 12 Months ........
$803,038
$837,083
$795,833
$827,085
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
$929
NOV
$815,000
DEC JAN
MEDIAN SALES PRICE
FEB
$386
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Laguna Woods DATA*
Oct 2016
6 month
3 month
Oct 2017
% 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 ................................................
1
0
0
0
-100.0%
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 ........................................
0.0%
n/a
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$129,917
n/a
n/a
n/a
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all 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 2017
telesproperties.com
Lantern Village in Dana Point DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$779,500
$1,072,500
$955,000
$1,025,000
31.5%
Average Price per Square Foot ...........................
$458
$504
$655
$828
80.8%
Properties Sold .......................................................
6
8
2
6
0.0%
Properties Pending Sale .......................................
6
2
5
12
100.0%
Properties For Sale ................................................
22
15
30
36
63.6%
Days on Market (Pending Sale) ...........................
46
164
41
89
93.5%
Month’s Supply of Inventory ................................
3.7
1.9
15
6
63.6%
Percent Under Contract ........................................
27.3%
13.3%
16.7%
33.3%
22.2%
Average Median Price for Last 12 Months ........
$940,167
$1,135,250
$1,045,833
$1,006,769
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$779
NOV
$1,025,000
DEC JAN
MEDIAN SALES PRICE
FEB
$828
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$3,835,000
$4,614,000
$3,587,500
$4,175,000
8.9%
Average Price per Square Foot ...........................
$1,860
$1,875
$1,446
$1,438
-22.7%
Properties Sold .......................................................
5
2
6
8
60.0%
Properties Pending Sale .......................................
6
5
9
7
16.7%
Properties For Sale ................................................
34
30
40
37
8.8%
Days on Market (Pending Sale) ...........................
46
110
35
110
139.1%
Month’s Supply of Inventory ................................
6.8
15
6.7
4.6
-32.0%
Percent Under Contract ........................................
17.6%
16.7%
22.5%
18.9%
7.2%
Average Median Price for Last 12 Months ........
$3,185,625
$3,548,642
$3,791,667
$3,444,358
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
$3.835
NOV
$4,175,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,438
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$4.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Mission Viejo DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$687,500
$737,000
$753,750
$735,000
6.9%
Average Price per Square Foot ...........................
$359
$359
$367
$366
1.9%
Properties Sold .......................................................
84
86
98
84
0.0%
Properties Pending Sale .......................................
73
101
107
86
17.8%
Properties For Sale ................................................
256
270
291
219
-14.5%
Days on Market (Pending Sale) ...........................
47
31
31
44
-6.4%
Month’s Supply of Inventory ................................
3
3.1
3
2.6
-14.5%
Percent Under Contract ........................................
28.5%
37.4%
36.8%
39.3%
37.7%
Average Median Price for Last 12 Months ........
$678,042
$741,042
$740,833
$724,785
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
$687
NOV
$735,000
DEC JAN
MEDIAN SALES PRICE
FEB
$366
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$735 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Monarch Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,357,875
$1,400,000
$1,450,672
$1,654,500
-29.8%
Average Price per Square Foot ...........................
$807
$639
$789
$852
5.6%
Properties Sold .......................................................
6
15
10
12
100.0%
Properties Pending Sale .......................................
12
10
8
8
-33.3%
Properties For Sale ................................................
90
86
83
70
-22.2%
Days on Market (Pending Sale) ...........................
87
57
82
53
-39.1%
Month’s Supply of Inventory ................................
15
5.7
8.3
5.8
-61.1%
Percent Under Contract ........................................
13.3%
11.6%
9.6%
11.4%
-14.3%
Average Median Price for Last 12 Months ........
$1,717,000
$1,609,112
$1,731,333
$1,753,273
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 $2.357
OCT NOV
$1,654,500
DEC JAN
MEDIAN SALES PRICE
FEB
$852
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.654 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Nelle Gail DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$929,950
$898,700
$915,000
$815,000
-12.4%
Average Price per Square Foot ...........................
$377
$351
$379
$386
2.4%
Properties Sold .......................................................
18
16
17
22
22.2%
Properties Pending Sale .......................................
19
24
22
24
26.3%
Properties For Sale ................................................
106
111
112
91
-14.2%
Days on Market (Pending Sale) ...........................
67
29
50
70
4.5%
Month’s Supply of Inventory ................................
5.9
6.9
6.6
4.1
-29.8%
Percent Under Contract ........................................
17.9%
21.6%
19.6%
26.4%
47.1%
Average Median Price for Last 12 Months ........
$807,221
$840,000
$799,167
$841,814
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$929
NOV
$815,000
DEC JAN
MEDIAN SALES PRICE
FEB
$386
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Newport Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,860,000
$2,100,000
$2,122,500
$2,450,000
31.7%
Average Price per Square Foot ...........................
$923
$919
$825
$1,002
8.6%
Properties Sold .......................................................
47
51
60
55
17.0%
Properties Pending Sale .......................................
54
61
62
52
-3.7%
Properties For Sale ................................................
364
342
360
311
-14.6%
Days on Market (Pending Sale) ...........................
78
70
69
89
14.1%
Month’s Supply of Inventory ................................
7.7
6.7
6
5.7
-27.0%
Percent Under Contract ........................................
14.8%
17.8%
17.2%
16.7%
12.7%
Average Median Price for Last 12 Months ........
$1,940,275
$2,374,583
$2,533,333
$2,215,962
14.2%
*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
$1.860
NOV
$2,450,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,002
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.450 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 2017
telesproperties.com
Newport Coast DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,300,000
$3,337,500
$6,900,000
$3,430,000
49.1%
Average Price per Square Foot ...........................
$785
$996
$1,110
$990
26.1%
Properties Sold .......................................................
12
14
9
25
108.3%
Properties Pending Sale .......................................
19
26
7
19
0.0%
Properties For Sale ................................................
121
125
105
103
-14.9%
Days on Market (Pending Sale) ...........................
97
111
92
77
-20.6%
Month’s Supply of Inventory ................................
10.1
8.9
11.7
4.1
-59.1%
Percent Under Contract ........................................
15.7%
20.8%
6.7%
18.4%
17.5%
Average Median Price for Last 12 Months ........
$2,877,708
$4,158,333
$3,685,000
$3,519,317
22.3%
*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
$2.300
NOV
$3,430,000
DEC JAN
MEDIAN SALES PRICE
FEB
$990
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.430 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Newport Heights DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,816,875
$1,950,000
$3,574,000
$2,250,000
23.8%
Average Price per Square Foot ...........................
$578
$707
$764
$889
53.8%
Properties Sold .......................................................
2
8
3
8
300.0%
Properties Pending Sale .......................................
4
4
7
10
150.0%
Properties For Sale ................................................
47
32
50
39
-17.0%
Days on Market (Pending Sale) ...........................
161
91
109
38
-76.4%
Month’s Supply of Inventory ................................
23.5
4
16.7
4.9
-79.3%
Percent Under Contract ........................................
8.5%
12.5%
14.0%
25.6%
201.3%
Average Median Price for Last 12 Months ........
$1,640,427
$2,642,250
$2,330,000
$2,202,721
34.3%
*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
$1.816
NOV
$2,250,000
DEC JAN
MEDIAN SALES PRICE
FEB
$889
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 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 2017
telesproperties.com
Rancho Santa Margarita DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$725,000
$710,000
$800,000
$706,500
-2.6%
Average Price per Square Foot ...........................
$339
$352
$346
$360
6.2%
Properties Sold .......................................................
43
43
49
27
-37.2%
Properties Pending Sale .......................................
48
62
47
43
-10.4%
Properties For Sale ................................................
156
137
131
109
-30.1%
Days on Market (Pending Sale) ...........................
61
23
40
34
-44.3%
Month’s Supply of Inventory ................................
3.6
3.2
2.7
4
11.3%
Percent Under Contract ........................................
30.8%
45.3%
35.9%
39.4%
28.2%
Average Median Price for Last 12 Months ........
$723,146
$773,417
$749,000
$746,577
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
$725
NOV
$706,500
DEC JAN
MEDIAN SALES PRICE
FEB
$360
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$706 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Clemente DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$945,000
$1,083,000
$982,600
$995,063
5.3%
Average Price per Square Foot ...........................
$443
$467
$414
$418
-5.6%
Properties Sold .......................................................
61
55
52
57
-6.6%
Properties Pending Sale .......................................
60
85
61
59
-1.7%
Properties For Sale ................................................
295
309
311
259
-12.2%
Days on Market (Pending Sale) ...........................
89
60
55
69
-22.5%
Month’s Supply of Inventory ................................
4.8
5.6
6
4.5
-6.0%
Percent Under Contract ........................................
20.3%
27.5%
19.6%
22.8%
12.0%
Average Median Price for Last 12 Months ........
$933,171
$976,611
$976,521
$959,201
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
$945
NOV
$995,063
DEC JAN
MEDIAN SALES PRICE
FEB
$418
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Juan Capistrano DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$925,000
$1,065,000
$1,015,000
$721,000
-22.1%
Average Price per Square Foot ...........................
$364
$376
$360
$370
1.6%
Properties Sold .......................................................
33
34
43
32
-3.0%
Properties Pending Sale .......................................
29
38
38
33
13.8%
Properties For Sale ................................................
183
172
180
167
-8.7%
Days on Market (Pending Sale) ...........................
103
65
56
63
-38.8%
Month’s Supply of Inventory ................................
5.5
5.1
4.2
5.2
-5.9%
Percent Under Contract ........................................
15.8%
22.1%
21.1%
19.8%
24.7%
Average Median Price for Last 12 Months ........
$978,480
$1,030,297
$962,594
$979,406
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 $925
OCT NOV
$721,000
DEC JAN
MEDIAN SALES PRICE
FEB
$370
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$721 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Shady Canyon DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,680,000
$2,266,310
$2,235,084
$1,900,000
13.1%
Average Price per Square Foot ...........................
$671
$747
$683
$625
-6.9%
Properties Sold .......................................................
9
13
14
7
-22.2%
Properties Pending Sale .......................................
9
22
15
12
33.3%
Properties For Sale ................................................
102
88
99
74
-27.5%
Days on Market (Pending Sale) ...........................
107
63
46
166
55.1%
Month’s Supply of Inventory ................................
11.3
6.8
7.1
10.6
-6.7%
Percent Under Contract ........................................
8.8%
25.0%
15.2%
16.2%
83.8%
Average Median Price for Last 12 Months ........
$1,827,725
$1,857,514
$1,601,667
$1,847,915
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.680
NOV
$1,900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$625
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.6 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 2017
telesproperties.com
Turtle Ridge DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,925,000
$2,266,310
$2,924,500
$0
-100.0%
Average Price per Square Foot ...........................
$800
$727
$711
$0
-100.0%
Properties Sold .......................................................
2
5
2
0
-100.0%
Properties Pending Sale .......................................
1
4
0
2
100.0%
Properties For Sale ................................................
23
24
24
22
-4.3%
Days on Market (Pending Sale) ...........................
244
93
0
36
-85.2%
Month’s Supply of Inventory ................................
11.5
4.8
12
n/a
n/a
Percent Under Contract ........................................
4.3%
16.7%
0.0%
9.1%
109.1%
Average Median Price for Last 12 Months ........
$2,294,054
$2,262,400
$1,967,500
$2,254,437
-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
$2.925
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 2017
telesproperties.com
Turtle Rock DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,520,000
$2,277,500
$1,277,000
$2,280,000
50.0%
Average Price per Square Foot ...........................
$600
$802
$629
$594
-1.0%
Properties Sold .......................................................
8
6
7
4
-50.0%
Properties Pending Sale .......................................
9
18
11
6
-33.3%
Properties For Sale ................................................
69
52
45
25
-63.8%
Days on Market (Pending Sale) ...........................
83
56
36
250
201.2%
Month’s Supply of Inventory ................................
8.6
8.7
6.4
6.2
-27.5%
Percent Under Contract ........................................
13.0%
34.6%
24.4%
24.0%
84.0%
Average Median Price for Last 12 Months ........
$1,853,633
$1,855,941
$1,685,833
$1,793,319
-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
$1.520
NOV
$2,280,000
DEC JAN
MEDIAN SALES PRICE
FEB
$594
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Westminster DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$610,000
$645,000
$638,000
$663,000
8.7%
Average Price per Square Foot ...........................
$343
$384
$380
$375
9.3%
Properties Sold .......................................................
29
22
35
35
20.7%
Properties Pending Sale .......................................
35
33
29
32
-8.6%
Properties For Sale ................................................
92
83
82
70
-23.9%
Days on Market (Pending Sale) ...........................
40
18
26
29
-27.5%
Month’s Supply of Inventory ................................
3.2
3.8
2.3
2
-37.0%
Percent Under Contract ........................................
38.0%
39.8%
35.4%
45.7%
20.2%
Average Median Price for Last 12 Months ........
$590,458
$643,333
$644,667
$628,346
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
$610
NOV
$663,000
DEC JAN
MEDIAN SALES PRICE
FEB
$375
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$663 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
West Bay - Santa Ana Heights DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,520,000
$1,572,500
$1,925,000
$1,850,000
21.7%
Average Price per Square Foot ...........................
$623
$657
$662
$766
23.0%
Properties Sold .......................................................
12
10
15
10
-16.7%
Properties Pending Sale .......................................
8
10
13
10
25.0%
Properties For Sale ................................................
56
58
55
55
-1.8%
Days on Market (Pending Sale) ...........................
53
55
95
52
-1.9%
Month’s Supply of Inventory ................................
4.7
5.8
3.7
5.5
17.9%
Percent Under Contract ........................................
14.3%
17.2%
23.6%
18.2%
27.3%
Average Median Price for Last 12 Months ........
$1,600,833
$1,916,458
$1,960,000
$1,750,654
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.520
NOV
$1,850,000
DEC JAN
MEDIAN SALES PRICE
FEB
$766
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
West Newport - Lido DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,919,000
$3,050,000
$1,807,500
$1,975,000
2.9%
Average Price per Square Foot ...........................
$1,131
$1,369
$1,059
$1,183
4.6%
Properties Sold .......................................................
7
6
10
9
28.6%
Properties Pending Sale .......................................
18
10
9
5
-72.2%
Properties For Sale ................................................
74
61
65
49
-33.8%
Days on Market (Pending Sale) ...........................
99
70
41
152
53.5%
Month’s Supply of Inventory ................................
10.6
10.2
6.5
5.4
-48.5%
Percent Under Contract ........................................
24.3%
16.4%
13.8%
10.2%
-58.0%
Average Median Price for Last 12 Months ........
$2,417,458
$2,755,417
$2,875,000
$2,641,269
9.3%
*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
$1.919
NOV
$1,975,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,183
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
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 2017
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : October 2017
telesproperties.com
Carpinteria DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$956,250
$1,425,000
$1,060,000
$1,295,000
35.4%
Average Price per Square Foot ...........................
$644
$890
$744
$1,823
183.1%
Properties Sold .......................................................
8
5
5
7
-12.5%
Properties Pending Sale .......................................
8
10
4
6
-25.0%
Properties For Sale ................................................
48
43
43
38
-20.8%
Days on Market (Pending Sale) ...........................
82
28
123
60
-26.8%
Month’s Supply of Inventory ................................
6
8.6
8.6
5.4
-9.5%
Percent Under Contract ........................................
16.7%
23.3%
9.3%
15.8%
-5.3%
Average Median Price for Last 12 Months ........
$1,032,514
$1,098,500
$1,135,833
$1,106,365
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$956
NOV
$1,295,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,823
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.295 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Goleta DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$769,750
$817,500
$900,250
$840,000
9.1%
Average Price per Square Foot ...........................
$477
$506
$471
$539
13.0%
Properties Sold .......................................................
8
14
12
12
50.0%
Properties Pending Sale .......................................
18
11
9
12
-33.3%
Properties For Sale ................................................
53
35
33
33
-37.7%
Days on Market (Pending Sale) ...........................
32
26
25
27
-15.6%
Month’s Supply of Inventory ................................
6.6
2.5
2.8
2.8
-58.5%
Percent Under Contract ........................................
34.0%
31.4%
27.3%
36.4%
7.1%
Average Median Price for Last 12 Months ........
$833,315
$848,792
$841,833
$825,913
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$769
NOV
$840,000
DEC JAN
MEDIAN SALES PRICE
FEB
$539
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Hope Ranch DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,500,000
$1,833,258
$4,504,000
$7,000,000
366.7%
Average Price per Square Foot ...........................
$755
$737
$887
$734
-2.8%
Properties Sold .......................................................
1
1
2
5
400.0%
Properties Pending Sale .......................................
3
1
0
3
0.0%
Properties For Sale ................................................
42
42
36
36
-14.3%
Days on Market (Pending Sale) ...........................
153
56
0
107
-30.1%
Month’s Supply of Inventory ................................
42
42
18
7.2
-82.9%
Percent Under Contract ........................................
7.1%
2.4%
0.0%
8.3%
16.7%
Average Median Price for Last 12 Months ........
$3,017,792
$3,521,550
$4,033,333
$3,107,505
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
$1.500
NOV
$7,000,000
DEC JAN
MEDIAN SALES PRICE
FEB
$734
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$7.000 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 2017
telesproperties.com
Montecito DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,660,000
$2,405,000
$2,850,000
$2,688,000
1.1%
Average Price per Square Foot ...........................
$948
$972
$1,022
$834
-12.0%
Properties Sold .......................................................
13
17
13
9
-30.8%
Properties Pending Sale .......................................
19
29
26
15
-21.1%
Properties For Sale ................................................
191
205
180
170
-11.0%
Days on Market (Pending Sale) ...........................
117
106
65
96
-17.9%
Month’s Supply of Inventory ................................
14.7
12.1
13.8
18.9
28.6%
Percent Under Contract ........................................
9.9%
14.1%
14.4%
8.8%
-11.3%
Average Median Price for Last 12 Months ........
$2,975,833
$3,196,460
$2,976,253
$3,052,635
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
$2.660
NOV
$2,688,000
DEC JAN
MEDIAN SALES PRICE
FEB
$834
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
18.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.688 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Santa Barbara East of State DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,147,500
$1,325,000
$999,500
$1,393,500
21.4%
Average Price per Square Foot ...........................
$707
$704
$658
$724
2.4%
Properties Sold .......................................................
28
33
22
26
-7.1%
Properties Pending Sale .......................................
27
30
27
27
0.0%
Properties For Sale ................................................
158
130
140
126
-20.3%
Days on Market (Pending Sale) ...........................
71
28
69
31
-56.3%
Month’s Supply of Inventory ................................
5.6
3.9
6.4
4.8
-14.1%
Percent Under Contract ........................................
17.1%
23.1%
19.3%
21.4%
25.4%
Average Median Price for Last 12 Months ........
$1,329,344
$1,340,167
$1,496,500
$1,346,705
1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.147
NOV
$1,393,500
DEC JAN
MEDIAN SALES PRICE
FEB
$724
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.393 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Santa Barbara West of State DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,092,500
$1,047,000
$1,100,000
$1,165,000
6.6%
Average Price per Square Foot ...........................
$776
$716
$747
$688
-11.3%
Properties Sold .......................................................
13
20
23
21
61.5%
Properties Pending Sale .......................................
17
26
27
20
17.6%
Properties For Sale ................................................
94
85
80
62
-34.0%
Days on Market (Pending Sale) ...........................
51
37
62
39
-23.5%
Month’s Supply of Inventory ................................
7.2
4.2
3.5
3
-59.2%
Percent Under Contract ........................................
18.1%
30.6%
33.8%
32.3%
78.4%
Average Median Price for Last 12 Months ........
$1,061,069
$1,131,500
$1,130,000
$1,123,300
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
$1.092
NOV
$1,165,000
DEC JAN
MEDIAN SALES PRICE
FEB
$688
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Santa Ynez DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$657,500
$950,000
$741,000
$902,500
37.3%
Average Price per Square Foot ...........................
$537
$456
$410
$423
-21.2%
Properties Sold .......................................................
16
23
19
16
0.0%
Properties Pending Sale .......................................
14
17
19
21
50.0%
Properties For Sale ................................................
146
141
173
150
2.7%
Days on Market (Pending Sale) ...........................
137
110
89
87
-36.5%
Month’s Supply of Inventory ................................
9.1
6.1
9.1
9.4
2.7%
Percent Under Contract ........................................
9.6%
12.1%
11.0%
14.0%
46.0%
Average Median Price for Last 12 Months ........
$744,542
$857,125
$814,583
$839,493
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
$657
NOV
$902,500
DEC JAN
MEDIAN SALES PRICE
FEB
$423
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$902 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : October 2017
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : October 2017
telesproperties.com
Carmel DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,287,500
$1,415,000
$1,325,000
$1,325,000
2.9%
Average Price per Square Foot ...........................
$889
$841
$903
$1,029
15.7%
Properties Sold .......................................................
24
25
17
27
12.5%
Properties Pending Sale .......................................
25
19
30
33
32.0%
Properties For Sale ................................................
184
156
197
182
-1.1%
Days on Market (Pending Sale) ...........................
87
99
69
95
9.2%
Month’s Supply of Inventory ................................
7.7
6.2
11.6
6.7
-12.1%
Percent Under Contract ........................................
13.6%
12.2%
15.2%
18.1%
33.5%
Average Median Price for Last 12 Months ........
$1,467,708
$1,563,650
$1,650,000
$1,522,262
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
$1.287
NOV
$1,325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,029
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.7 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 2017
telesproperties.com
Carmel Valley DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,225,000
$1,280,000
$1,007,450
$1,005,000
-18.0%
Average Price per Square Foot ...........................
$524
$459
$431
$529
1.0%
Properties Sold .......................................................
4
10
8
8
100.0%
Properties Pending Sale .......................................
11
10
9
14
27.3%
Properties For Sale ................................................
71
58
72
70
-1.4%
Days on Market (Pending Sale) ...........................
82
48
47
60
-26.8%
Month’s Supply of Inventory ................................
17.8
5.8
9
8.7
-50.7%
Percent Under Contract ........................................
15.5%
17.2%
12.5%
20.0%
29.1%
Average Median Price for Last 12 Months ........
$998,875
$999,992
$995,000
$1,099,381
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.225
NOV
$1,005,000
DEC JAN
MEDIAN SALES PRICE
FEB
$529
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.005 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Marina DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$505,500
$505,000
$561,250
$565,000
11.8%
Average Price per Square Foot ...........................
$326
$328
$321
$333
2.1%
Properties Sold .......................................................
14
11
20
15
7.1%
Properties Pending Sale .......................................
7
15
16
13
85.7%
Properties For Sale ................................................
31
37
51
53
71.0%
Days on Market (Pending Sale) ...........................
40
61
30
45
12.5%
Month’s Supply of Inventory ................................
2.2
3.4
2.6
3.5
59.6%
Percent Under Contract ........................................
22.6%
40.5%
31.4%
24.5%
8.6%
Average Median Price for Last 12 Months ........
$480,792
$557,417
$560,333
$532,112
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$505
NOV
$565,000
DEC JAN
MEDIAN SALES PRICE
FEB
$333
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 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 2017
telesproperties.com
Monterey DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$689,850
$780,000
$799,500
$840,000
21.8%
Average Price per Square Foot ...........................
$427
$440
$479
$504
18.0%
Properties Sold .......................................................
14
16
26
23
64.3%
Properties Pending Sale .......................................
14
27
26
26
85.7%
Properties For Sale ................................................
88
85
106
113
28.4%
Days on Market (Pending Sale) ...........................
38
67
46
64
68.4%
Month’s Supply of Inventory ................................
6.3
5.3
4.1
4.9
-21.8%
Percent Under Contract ........................................
15.9%
31.8%
24.5%
23.0%
44.6%
Average Median Price for Last 12 Months ........
$737,467
$795,250
$794,000
$771,162
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$689
NOV
$840,000
DEC JAN
MEDIAN SALES PRICE
FEB
$504
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Pacific Grove DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$970,000
$1,100,000
$899,500
$900,000
-7.2%
Average Price per Square Foot ...........................
$552
$728
$584
$569
3.1%
Properties Sold .......................................................
7
9
16
13
85.7%
Properties Pending Sale .......................................
14
21
14
11
-21.4%
Properties For Sale ................................................
66
54
54
53
-19.7%
Days on Market (Pending Sale) ...........................
54
28
92
73
35.2%
Month’s Supply of Inventory ................................
9.4
6
3.4
4.1
-56.8%
Percent Under Contract ........................................
21.2%
38.9%
25.9%
20.8%
-2.2%
Average Median Price for Last 12 Months ........
$862,500
$889,667
$884,833
$937,615
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
$970
NOV
$900,000
DEC JAN
MEDIAN SALES PRICE
FEB
$569
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Pebble Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,200,000
$1,665,000
$1,487,500
$2,100,000
-4.5%
Average Price per Square Foot ...........................
$1,332
$660
$758
$918
-31.1%
Properties Sold .......................................................
7
7
12
10
42.9%
Properties Pending Sale .......................................
9
11
8
11
22.2%
Properties For Sale ................................................
86
90
93
94
9.3%
Days on Market (Pending Sale) ...........................
101
110
85
89
-11.9%
Month’s Supply of Inventory ................................
12.3
12.9
7.8
9.4
-23.5%
Percent Under Contract ........................................
10.5%
12.2%
8.6%
11.7%
11.8%
Average Median Price for Last 12 Months ........
$1,586,958
$1,870,324
$2,230,648
$1,805,457
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.200
NOV
$2,100,000
DEC JAN
MEDIAN SALES PRICE
FEB
$918
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.4 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 2017
telesproperties.com
Salinas DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$460,500
$519,000
$492,000
$495,000
7.5%
Average Price per Square Foot ...........................
$278
$294
$308
$310
11.5%
Properties Sold .......................................................
60
40
52
59
-1.7%
Properties Pending Sale .......................................
64
54
60
66
3.1%
Properties For Sale ................................................
209
165
194
209
0.0%
Days on Market (Pending Sale) ...........................
60
49
41
51
-15.0%
Month’s Supply of Inventory ................................
3.5
4.1
3.7
3.5
1.7%
Percent Under Contract ........................................
30.6%
32.7%
30.9%
31.6%
3.1%
Average Median Price for Last 12 Months ........
$449,167
$499,088
$484,092
$479,694
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
$460
NOV
$495,000
DEC JAN
MEDIAN SALES PRICE
FEB
$310
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Seaside DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$450,000
$490,000
$580,000
$510,000
13.3%
Average Price per Square Foot ...........................
$366
$393
$339
$367
0.3%
Properties Sold .......................................................
16
19
7
20
25.0%
Properties Pending Sale .......................................
17
22
21
13
-23.5%
Properties For Sale ................................................
45
52
60
54
20.0%
Days on Market (Pending Sale) ...........................
56
40
22
40
-28.6%
Month’s Supply of Inventory ................................
2.8
2.7
8.6
2.7
-4.0%
Percent Under Contract ........................................
37.8%
42.3%
35.0%
24.1%
-36.3%
Average Median Price for Last 12 Months ........
$459,300
$514,008
$493,850
$493,235
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
$450
NOV
$510,000
DEC JAN
MEDIAN SALES PRICE
FEB
$367
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 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 2017
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : October 2017
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : October 2017
telesproperties.com
San Diego County DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$580,000
$598,000
$619,500
$610,000
5.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
1960
2007
2050
1927
-1.7%
Properties Pending Sale .......................................
2069
2368
2286
1995
-3.6%
Properties For Sale ................................................
7,879
6,779
7,383
6,682
-15.2%
Days on Market (Pending Sale) ...........................
44
34
35
37
-15.9%
Month’s Supply of Inventory ................................
4
3.4
3.6
3.5
-13.7%
Percent Under Contract ........................................
26.3%
34.9%
31.0%
29.9%
13.7%
Average Median Price for Last 12 Months ........
$554,813
$613,575
$610,333
$591,460
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$580
NOV
$610,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 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 2017
telesproperties.com
Bay Park/Old Town/Midway District DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$710,000
$725,000
$789,000
$860,000
21.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
10
9
13
44.4%
Properties Pending Sale .......................................
12
6
9
8
-33.3%
Properties For Sale ................................................
31
26
25
21
-32.3%
Days on Market (Pending Sale) ...........................
57
9
42
28
-50.9%
Month’s Supply of Inventory ................................
3.4
2.6
2.8
1.6
-53.1%
Percent Under Contract ........................................
38.7%
23.1%
36.0%
38.1%
-1.6%
Average Median Price for Last 12 Months ........
$729,696
$819,442
$841,883
$780,742
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$710
NOV
$860,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.6 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 2017
telesproperties.com
Carlsbad DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$850,500
$990,000
$903,556
$985,805
15.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
96
105
92
100
4.2%
Properties Pending Sale .......................................
78
126
99
94
20.5%
Properties For Sale ................................................
323
317
329
262
-18.9%
Days on Market (Pending Sale) ...........................
41
34
32
36
-12.2%
Month’s Supply of Inventory ................................
3.4
3
3.6
2.6
-22.1%
Percent Under Contract ........................................
24.1%
39.7%
30.1%
35.9%
48.6%
Average Median Price for Last 12 Months ........
$859,940
$951,477
$954,102
$914,797
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
$850
NOV
$985,805
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 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 2017
telesproperties.com
Carmel Valley DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,075,000
$1,168,500
$1,315,000
$1,150,000
7.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
41
30
49
33
-19.5%
Properties Pending Sale .......................................
37
55
41
36
-2.7%
Properties For Sale ................................................
149
160
147
125
-16.1%
Days on Market (Pending Sale) ...........................
45
29
45
33
-26.7%
Month’s Supply of Inventory ................................
3.6
5.3
3
3.8
4.2%
Percent Under Contract ........................................
24.8%
34.4%
27.9%
28.8%
16.0%
Average Median Price for Last 12 Months ........
$1,128,745
$1,223,483
$1,200,800
$1,204,915
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
$1.075
NOV
$1,150,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Chula Vista DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$530,000
$510,000
$564,750
$545,000
2.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
156
137
154
144
-7.7%
Properties Pending Sale .......................................
154
159
150
127
-17.5%
Properties For Sale ................................................
472
408
455
391
-17.2%
Days on Market (Pending Sale) ...........................
45
37
32
41
-8.9%
Month’s Supply of Inventory ................................
3
3
3
2.7
-10.3%
Percent Under Contract ........................................
32.6%
39.0%
33.0%
32.5%
-0.4%
Average Median Price for Last 12 Months ........
$504,179
$553,192
$552,333
$533,598
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$530
NOV
$545,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$545 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$600,000
$621,000
$640,000
$660,750
10.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
31
37
41
34
9.7%
Properties Pending Sale .......................................
39
41
42
36
-7.7%
Properties For Sale ................................................
88
75
105
91
3.4%
Days on Market (Pending Sale) ...........................
22
18
22
23
4.5%
Month’s Supply of Inventory ................................
2.8
2
2.6
2.7
-5.7%
Percent Under Contract ........................................
44.3%
54.7%
40.0%
39.6%
-10.7%
Average Median Price for Last 12 Months ........
$576,233
$652,208
$643,583
$634,154
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
$600
NOV
$660,750
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 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 2017
telesproperties.com
Coronado DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,650,000
$1,800,000
$1,850,000
$2,342,500
42.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
11
18
12
0.0%
Properties Pending Sale .......................................
13
19
16
19
46.2%
Properties For Sale ................................................
134
116
118
102
-23.9%
Days on Market (Pending Sale) ...........................
104
118
58
156
50.0%
Month’s Supply of Inventory ................................
11.2
10.5
6.6
8.5
-23.9%
Percent Under Contract ........................................
9.7%
16.4%
13.6%
18.6%
92.0%
Average Median Price for Last 12 Months ........
$1,730,916
$1,905,833
$2,133,333
$1,772,596
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.650
NOV
$2,342,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.342 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Del Mar DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$2,018,750
$2,160,000
$1,535,000
$2,500,000
23.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
18
15
8
14
-22.2%
Properties Pending Sale .......................................
16
14
17
15
-6.2%
Properties For Sale ................................................
91
96
127
123
35.2%
Days on Market (Pending Sale) ...........................
54
42
52
69
27.8%
Month’s Supply of Inventory ................................
5.1
6.4
15.9
8.8
73.8%
Percent Under Contract ........................................
17.6%
14.6%
13.4%
12.2%
-30.6%
Average Median Price for Last 12 Months ........
$1,810,104
$1,969,271
$2,173,542
$1,883,452
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
$2.018
NOV
$2,500,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.500 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 2017
telesproperties.com
El Cajon DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$507,500
$510,000
$496,500
$518,500
2.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
98
107
88
104
6.1%
Properties Pending Sale .......................................
123
116
120
121
-1.6%
Properties For Sale ................................................
389
286
319
301
-22.6%
Days on Market (Pending Sale) ...........................
44
29
28
31
-29.5%
Month’s Supply of Inventory ................................
4
2.7
3.6
2.9
-27.1%
Percent Under Contract ........................................
31.6%
40.6%
37.6%
40.2%
27.1%
Average Median Price for Last 12 Months ........
$473,443
$518,292
$520,333
$501,481
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
$507
NOV
$518,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$518 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Encinitas DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,246,500
$1,299,950
$1,210,000
$1,345,000
7.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
44
40
35
31
-29.5%
Properties Pending Sale .......................................
36
40
48
24
-33.3%
Properties For Sale ................................................
185
153
157
120
-35.1%
Days on Market (Pending Sale) ...........................
41
32
37
22
-46.3%
Month’s Supply of Inventory ................................
4.2
3.8
4.5
3.9
-7.9%
Percent Under Contract ........................................
19.5%
26.1%
30.6%
20.0%
2.8%
Average Median Price for Last 12 Months ........
$1,141,750
$1,223,750
$1,231,667
$1,212,090
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
$1.246
NOV
$1,345,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.345 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Escondido DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$508,500
$537,500
$532,000
$515,500
1.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
142
144
151
132
-7.0%
Properties Pending Sale .......................................
148
154
165
130
-12.2%
Properties For Sale ................................................
568
475
551
453
-20.2%
Days on Market (Pending Sale) ...........................
47
35
29
34
-27.7%
Month’s Supply of Inventory ................................
4
3.3
3.6
3.4
-14.2%
Percent Under Contract ........................................
26.1%
32.4%
29.9%
28.7%
10.1%
Average Median Price for Last 12 Months ........
$492,426
$531,917
$524,833
$524,000
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
$508
NOV
$515,500
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
$515 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Imperial-Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$589,500
$562,500
$545,000
$582,500
-1.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
10
8
13
8
-20.0%
Properties Pending Sale .......................................
11
9
18
14
27.3%
Properties For Sale ................................................
40
30
40
42
5.0%
Days on Market (Pending Sale) ...........................
57
42
41
41
-28.1%
Month’s Supply of Inventory ................................
4
3.8
3.1
5.2
31.2%
Percent Under Contract ........................................
27.5%
30.0%
45.0%
33.3%
21.2%
Average Median Price for Last 12 Months ........
$489,771
$581,736
$579,167
$555,413
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$589
NOV
$582,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$582 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
La Jolla DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,825,000
$2,200,000
$2,332,500
$2,128,250
16.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
29
20
38
72.7%
Properties Pending Sale .......................................
31
31
24
27
-12.9%
Properties For Sale ................................................
254
238
272
222
-12.6%
Days on Market (Pending Sale) ...........................
70
49
74
85
21.4%
Month’s Supply of Inventory ................................
11.5
8.2
13.6
5.8
-49.4%
Percent Under Contract ........................................
12.2%
13.0%
8.8%
12.2%
-0.3%
Average Median Price for Last 12 Months ........
$1,998,000
$2,238,125
$2,151,083
$2,056,058
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.825
NOV
$2,128,250
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.128 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
La Mesa DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$510,000
$536,000
$575,388
$540,000
5.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
56
54
62
43
-23.2%
Properties Pending Sale .......................................
46
82
69
65
41.3%
Properties For Sale ................................................
190
171
163
204
7.4%
Days on Market (Pending Sale) ...........................
36
28
26
28
-22.2%
Month’s Supply of Inventory ................................
4.1
2.1
2.4
4.7
14.9%
Percent Under Contract ........................................
24.2%
48.0%
42.3%
31.9%
31.6%
Average Median Price for Last 12 Months ........
$504,646
$571,481
$565,500
$550,453
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
$510
NOV
$540,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2017
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$540,000
$550,000
$645,000
$630,500
16.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
17
20
12
-29.4%
Properties Pending Sale .......................................
30
21
17
12
-60.0%
Properties For Sale ................................................
49
39
38
32
-34.7%
Days on Market (Pending Sale) ...........................
28
15
29
15
-46.4%
Month’s Supply of Inventory ................................
1.6
1.9
2.2
2.7
63.3%
Percent Under Contract ........................................
61.2%
53.8%
44.7%
37.5%
-38.8%
Average Median Price for Last 12 Months ........
$534,208
$609,775
$611,583
$583,935
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
$540
NOV
$630,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 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 2017
telesproperties.com
Lemon Grove DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$425,500
$438,500
$452,500
$447,500
5.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
16
18
21
26
62.5%
Properties Pending Sale .......................................
22
21
22
23
4.5%
Properties For Sale ................................................
56
41
54
47
-16.1%
Days on Market (Pending Sale) ...........................
44
35
48
50
13.6%
Month’s Supply of Inventory ................................
2.5
2
2.5
1.8
-29.0%
Percent Under Contract ........................................
39.3%
51.2%
40.7%
48.9%
24.6%
Average Median Price for Last 12 Months ........
$407,875
$439,667
$442,167
$433,981
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
$425
NOV
$447,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.8 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 2017
telesproperties.com
National City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$388,250
$356,000
$423,500
$410,000
5.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
7
18
17
112.5%
Properties Pending Sale .......................................
21
17
24
23
9.5%
Properties For Sale ................................................
71
44
58
60
-15.5%
Days on Market (Pending Sale) ...........................
40
37
31
29
-27.5%
Month’s Supply of Inventory ................................
3.4
2.6
2.4
3.5
4.4%
Percent Under Contract ........................................
29.6%
38.6%
41.4%
38.3%
29.6%
Average Median Price for Last 12 Months ........
$365,104
$415,167
$422,500
$398,019
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
$388
NOV
$410,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Oceanside DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$510,000
$530,000
$559,000
$565,000
10.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
147
138
135
125
-15.0%
Properties Pending Sale .......................................
115
159
159
98
-14.8%
Properties For Sale ................................................
340
322
380
279
-17.9%
Days on Market (Pending Sale) ...........................
35
30
27
31
-11.4%
Month’s Supply of Inventory ................................
2.3
2.3
2.8
2.2
-3.5%
Percent Under Contract ........................................
33.8%
49.4%
41.8%
35.1%
3.8%
Average Median Price for Last 12 Months ........
$974,500
$553,633
$554,267
$532,177
-83.1%
*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
$510
NOV
$565,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 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 2017
telesproperties.com
Poway DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$658,750
$872,750
$793,000
$776,000
17.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
36
47
53
41
13.9%
Properties Pending Sale .......................................
37
67
47
59
59.5%
Properties For Sale ................................................
178
170
177
147
-17.4%
Days on Market (Pending Sale) ...........................
40
34
23
38
-5.0%
Month’s Supply of Inventory ................................
4.9
3.6
3.3
3.6
-27.5%
Percent Under Contract ........................................
20.8%
39.4%
26.6%
40.1%
93.1%
Average Median Price for Last 12 Months ........
$663,625
$742,325
$738,650
$720,019
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
$658
NOV
$776,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$776 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Rancho Bernardo DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$772,450
$816,500
$887,062
$945,000
22.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
92
100
116
77
-16.3%
Properties Pending Sale .......................................
85
115
96
68
-20.0%
Properties For Sale ................................................
340
317
276
223
-34.4%
Days on Market (Pending Sale) ...........................
38
23
32
26
-31.6%
Month’s Supply of Inventory ................................
4.2
4.3
5
2.9
-31.5%
Percent Under Contract ........................................
25.0%
36.3%
34.8%
30.5%
22.0%
Average Median Price for Last 12 Months ........
$732,091
$873,302
$863,167
$819,232
10.6%
*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
$772
NOV
$945,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 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 2017
telesproperties.com
San Marcos DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$574,900
$631,250
$649,000
$621,000
8.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
67
76
63
50
-25.4%
Properties Pending Sale .......................................
68
75
83
74
8.8%
Properties For Sale ................................................
210
157
196
176
-16.2%
Days on Market (Pending Sale) ...........................
44
20
28
27
-38.6%
Month’s Supply of Inventory ................................
3.1
2.1
3.1
3.5
12.3%
Percent Under Contract ........................................
32.4%
47.8%
42.3%
42.0%
29.8%
Average Median Price for Last 12 Months ........
$571,613
$640,667
$632,833
$635,473
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$574
NOV
$621,000
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$621 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
San Diego DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$595,000
$606,000
$647,000
$662,500
11.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
57
64
70
59
3.5%
Properties Pending Sale .......................................
81
68
68
57
-29.6%
Properties For Sale ................................................
168
140
168
145
-13.7%
Days on Market (Pending Sale) ...........................
30
16
27
22
-26.7%
Month’s Supply of Inventory ................................
2.9
2.2
2.4
2.5
-16.6%
Percent Under Contract ........................................
48.2%
48.6%
40.5%
39.3%
-18.5%
Average Median Price for Last 12 Months ........
$573,508
$645,091
$645,533
$624,407
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
$595
NOV
$662,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$662 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Santee DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$477,000
$490,000
$511,000
$527,500
10.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
42
41
47
42
0.0%
Properties Pending Sale .......................................
36
50
41
42
16.7%
Properties For Sale ................................................
96
94
92
99
3.1%
Days on Market (Pending Sale) ...........................
40
20
29
23
-42.5%
Month’s Supply of Inventory ................................
2.3
2.3
2
2.4
3.1%
Percent Under Contract ........................................
37.5%
53.2%
44.6%
42.4%
13.1%
Average Median Price for Last 12 Months ........
$466,333
$514,658
$520,650
$496,531
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$477
NOV
$527,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$527 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Solana Beach DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,178,500
$1,160,000
$1,362,500
$2,037,500
72.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
5
8
5
-44.4%
Properties Pending Sale .......................................
8
10
10
3
-62.5%
Properties For Sale ................................................
40
30
39
20
-50.0%
Days on Market (Pending Sale) ...........................
55
29
55
33
-40.0%
Month’s Supply of Inventory ................................
4.4
6
4.9
4
-10.0%
Percent Under Contract ........................................
20.0%
33.3%
25.6%
15.0%
-25.0%
Average Median Price for Last 12 Months ........
$1,432,083
$1,605,708
$1,633,083
$1,579,250
9.3%
*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
$1.178
NOV
$2,037,500
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
$2.037 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Spring Valley DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$422,500
$450,000
$440,000
$472,500
11.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
38
45
45
59
55.3%
Properties Pending Sale .......................................
67
58
55
45
-32.8%
Properties For Sale ................................................
190
128
141
147
-22.6%
Days on Market (Pending Sale) ...........................
44
32
25
29
-34.1%
Month’s Supply of Inventory ................................
5
2.8
3.1
2.5
-50.2%
Percent Under Contract ........................................
35.3%
45.3%
39.0%
30.6%
-13.2%
Average Median Price for Last 12 Months ........
$418,250
$455,042
$455,333
$445,285
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$422
NOV
$472,500
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$472 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Vista DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$505,000
$508,000
$519,000
$525,300
4.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
55
67
75
72
30.9%
Properties Pending Sale .......................................
68
87
91
76
11.8%
Properties For Sale ................................................
280
215
255
252
-10.0%
Days on Market (Pending Sale) ...........................
43
42
34
37
-14.0%
Month’s Supply of Inventory ................................
5.1
3.2
3.4
3.5
-31.2%
Percent Under Contract ........................................
24.3%
40.5%
35.7%
30.2%
24.2%
Average Median Price for Last 12 Months ........
$480,954
$535,883
$542,267
$517,831
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
$505
NOV
$525,300
DEC JAN
MEDIAN SALES PRICE
FEB
n/a
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Riverside County
Bermuda Dunes
La Quinta
Cathedral City
Palm Desert
Coachella
Palm Springs
Desert Hot Springs
Rancho Mirage
Indian Wells
Thousand Palms
Indio
Micro Market Report : October 2017
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : October 2017
telesproperties.com
Bermuda Dunes DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$279,000
$301,250
$510,000
$369,000
32.3%
Average Price per Square Foot ...........................
$148
$142
$132
$144
-2.7%
Properties Sold .......................................................
1
4
1
3
200.0%
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
9
10
13
14
55.6%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
9
2.5
13
4.7
-48.1%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$221,784
$368,042
$376,667
$453,850
51.1%
*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
$279
NOV
$369,000
DEC JAN
MEDIAN SALES PRICE
FEB
$144
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$369 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Cathedral City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$289,000
$269,000
$315,000
$347,000
20.1%
Average Price per Square Foot ...........................
$163
$172
$174
$191
17.2%
Properties Sold .......................................................
19
21
28
22
15.8%
Properties Pending Sale .......................................
20
23
34
25
25.0%
Properties For Sale ................................................
115
112
107
103
-10.4%
Days on Market (Pending Sale) ...........................
113
61
53
62
-45.1%
Month’s Supply of Inventory ................................
6.1
5.3
3.8
4.7
-22.6%
Percent Under Contract ........................................
17.4%
20.5%
31.8%
24.3%
39.6%
Average Median Price for Last 12 Months ........
$271,875
$304,158
$307,317
$292,969
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$289
NOV
$347,000
DEC JAN
MEDIAN SALES PRICE
FEB
$191
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$347 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Coachella DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$210,000
$203,000
$259,950
$285,000
35.7%
Average Price per Square Foot ...........................
$113
$128
$133
$141
24.8%
Properties Sold .......................................................
4
2
4
4
0.0%
Properties Pending Sale .......................................
1
2
3
2
100.0%
Properties For Sale ................................................
17
13
12
19
11.8%
Days on Market (Pending Sale) ...........................
14
19
30
34
142.9%
Month’s Supply of Inventory ................................
4.2
6.5
3
4.8
11.8%
Percent Under Contract ........................................
5.9%
15.4%
25.0%
10.5%
78.9%
Average Median Price for Last 12 Months ........
$220,844
$237,650
$224,333
$218,454
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$210
NOV
$285,000
DEC JAN
MEDIAN SALES PRICE
FEB
$141
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$285 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Desert Hot Springs DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$185,000
$199,450
$205,500
$200,250
8.2%
Average Price per Square Foot ...........................
$109
$126
$129
$123
12.8%
Properties Sold .......................................................
26
30
16
26
0.0%
Properties Pending Sale .......................................
24
39
34
33
37.5%
Properties For Sale ................................................
161
162
185
179
11.2%
Days on Market (Pending Sale) ...........................
54
80
62
102
88.9%
Month’s Supply of Inventory ................................
6.2
5.4
11.6
6.9
11.2%
Percent Under Contract ........................................
14.9%
24.1%
18.4%
18.4%
23.7%
Average Median Price for Last 12 Months ........
$172,403
$202,025
$205,883
$192,350
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$185
NOV
$200,250
DEC JAN
MEDIAN SALES PRICE
FEB
$123
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2017
telesproperties.com
Indian Wells DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$390,000
$557,500
$0
$1,074,500
175.5%
Average Price per Square Foot ...........................
$210
$214
$0
$212
1.0%
Properties Sold .......................................................
1
2
0
2
100.0%
Properties Pending Sale .......................................
0
5
0
2
n/a
Properties For Sale ................................................
18
21
11
16
-11.1%
Days on Market (Pending Sale) ...........................
0
75
0
252
n/a
Month’s Supply of Inventory ................................
18
10.5
n/a
8
-55.6%
Percent Under Contract ........................................
0.0%
23.8%
0.0%
12.5%
n/a
Average Median Price for Last 12 Months ........
$671,682
$991,125
$877,250
$783,028
14.2%
*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
$390
NOV
$1,074,500
DEC JAN
MEDIAN SALES PRICE
FEB
$212
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.074 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Indio DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$279,675
$300,000
$281,000
$304,000
8.7%
Average Price per Square Foot ...........................
$141
$147
$136
$139
-1.4%
Properties Sold .......................................................
10
15
17
17
70.0%
Properties Pending Sale .......................................
10
19
24
17
70.0%
Properties For Sale ................................................
82
92
93
90
9.8%
Days on Market (Pending Sale) ...........................
58
71
60
51
-12.1%
Month’s Supply of Inventory ................................
8.2
6.1
5.5
5.3
-35.4%
Percent Under Contract ........................................
12.2%
20.7%
25.8%
18.9%
54.9%
Average Median Price for Last 12 Months ........
$295,148
$286,333
$294,667
$278,381
-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
$279
NOV
$304,000
DEC JAN
MEDIAN SALES PRICE
FEB
$139
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$304 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
La Quinta DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$359,000
$322,500
$310,000
$400,000
11.4%
Average Price per Square Foot ...........................
$170
$212
$225
$209
22.9%
Properties Sold .......................................................
3
17
9
11
266.7%
Properties Pending Sale .......................................
6
16
8
10
66.7%
Properties For Sale ................................................
109
112
82
70
-35.8%
Days on Market (Pending Sale) ...........................
60
128
87
58
-3.3%
Month’s Supply of Inventory ................................
36.3
6.6
9.1
6.4
-82.5%
Percent Under Contract ........................................
5.5%
14.3%
9.8%
14.3%
159.5%
Average Median Price for Last 12 Months ........
$302,471
$365,500
$385,667
$369,654
18.2%
*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
$359
NOV
$400,000
DEC JAN
MEDIAN SALES PRICE
FEB
$209
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Palm Desert DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$335,000
$418,500
$365,000
$325,000
-3.0%
Average Price per Square Foot ...........................
$176
$246
$204
$230
30.7%
Properties Sold .......................................................
15
14
17
12
-20.0%
Properties Pending Sale .......................................
15
15
20
17
13.3%
Properties For Sale ................................................
82
95
80
90
9.8%
Days on Market (Pending Sale) ...........................
150
63
68
58
-61.3%
Month’s Supply of Inventory ................................
5.5
6.8
4.7
7.5
37.2%
Percent Under Contract ........................................
18.3%
15.8%
25.0%
18.9%
3.3%
Average Median Price for Last 12 Months ........
$395,206
$345,000
$341,500
$338,338
-16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$335
NOV
$325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$230
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$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 2017
telesproperties.com
Palm Springs DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$590,000
$590,000
$623,000
$670,000
13.6%
Average Price per Square Foot ...........................
$322
$341
$337
$353
9.6%
Properties Sold .......................................................
47
81
61
62
31.9%
Properties Pending Sale .......................................
69
74
65
78
13.0%
Properties For Sale ................................................
451
459
378
422
-6.4%
Days on Market (Pending Sale) ...........................
94
83
81
67
-28.7%
Month’s Supply of Inventory ................................
9.6
5.7
6.2
6.8
-29.1%
Percent Under Contract ........................................
15.3%
16.1%
17.2%
18.5%
20.8%
Average Median Price for Last 12 Months ........
$571,917
$606,958
$604,583
$597,708
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$590
NOV
$670,000
DEC JAN
MEDIAN SALES PRICE
FEB
$353
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Rancho Mirage DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$555,000
$515,000
$539,000
$549,500
-1.0%
Average Price per Square Foot ...........................
$219
$225
$186
$253
15.5%
Properties Sold .......................................................
7
20
15
14
100.0%
Properties Pending Sale .......................................
8
20
22
17
112.5%
Properties For Sale ................................................
121
156
123
131
8.3%
Days on Market (Pending Sale) ...........................
80
127
71
129
61.3%
Month’s Supply of Inventory ................................
17.3
7.8
8.2
9.4
-45.9%
Percent Under Contract ........................................
6.6%
12.8%
17.9%
13.0%
96.3%
Average Median Price for Last 12 Months ........
$559,167
$552,750
$516,667
$538,692
-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
$555
NOV
$549,500
DEC JAN
MEDIAN SALES PRICE
FEB
$253
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$549 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Thousand Palms DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$139,125
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$96
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
0
2
1
0
n/a
Properties For Sale ................................................
5
9
10
9
80.0%
Days on Market (Pending Sale) ...........................
0
24
23
0
n/a
Month’s Supply of Inventory ................................
n/a
4.5
10
n/a
n/a
Percent Under Contract ........................................
0.0%
22.2%
10.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$53,168
$168,160
$209,750
$158,275
66.4%
*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
$139
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 2017
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 2017
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : October 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$775,000
$651,500
$742,509
$722,000
-6.8%
Average Price per Square Foot ...........................
$583
$586
$591
$601
3.1%
Properties Sold .......................................................
9
6
8
9
0.0%
Properties Pending Sale .......................................
3
10
15
10
233.3%
Properties For Sale ................................................
32
31
37
26
-18.8%
Days on Market (Pending Sale) ...........................
19
31
32
28
47.4%
Month’s Supply of Inventory ................................
3.6
5.2
4.6
2.9
-18.8%
Percent Under Contract ........................................
9.4%
32.3%
40.5%
38.5%
310.3%
Average Median Price for Last 12 Months ........
$723,932
$748,085
$735,333
$732,193
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$775
NOV
$722,000
DEC JAN
MEDIAN SALES PRICE
FEB
$601
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$722 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Beverly Hills DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,420,000
$1,238,000
$1,392,500
$1,025,000
-27.8%
Average Price per Square Foot ...........................
$690
$832
$730
$718
4.1%
Properties Sold .......................................................
13
13
8
10
-23.1%
Properties Pending Sale .......................................
11
13
13
9
-18.2%
Properties For Sale ................................................
53
52
74
55
3.8%
Days on Market (Pending Sale) ...........................
68
48
51
33
-51.5%
Month’s Supply of Inventory ................................
4.1
4
9.2
5.5
34.9%
Percent Under Contract ........................................
20.8%
25.0%
17.6%
16.4%
-21.2%
Average Median Price for Last 12 Months ........
$1,197,282
$1,284,500
$1,167,500
$1,273,654
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 $1.420
OCT NOV
$1,025,000
DEC JAN
MEDIAN SALES PRICE
FEB
$718
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Brentwood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$737,500
$855,000
$762,500
$963,500
30.6%
Average Price per Square Foot ...........................
$630
$631
$716
$666
5.7%
Properties Sold .......................................................
18
13
14
19
5.6%
Properties Pending Sale .......................................
16
17
12
20
25.0%
Properties For Sale ................................................
67
60
56
55
-17.9%
Days on Market (Pending Sale) ...........................
40
23
37
29
-27.5%
Month’s Supply of Inventory ................................
3.7
4.6
4
2.9
-22.2%
Percent Under Contract ........................................
23.9%
28.3%
21.4%
36.4%
52.3%
Average Median Price for Last 12 Months ........
$834,874
$940,250
$934,500
$882,167
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
$737
NOV
$963,500
DEC JAN
MEDIAN SALES PRICE
FEB
$666
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$963 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Culver City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$483,400
$515,000
$541,000
$594,000
22.9%
Average Price per Square Foot ...........................
$486
$519
$598
$517
6.4%
Properties Sold .......................................................
15
9
15
8
-46.7%
Properties Pending Sale .......................................
17
12
9
8
-52.9%
Properties For Sale ................................................
33
26
23
32
-3.0%
Days on Market (Pending Sale) ...........................
25
16
24
14
-44.0%
Month’s Supply of Inventory ................................
2.2
2.9
1.5
4
81.8%
Percent Under Contract ........................................
51.5%
46.2%
39.1%
25.0%
-51.5%
Average Median Price for Last 12 Months ........
$456,367
$534,583
$557,833
$511,083
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
$483
NOV
$594,000
DEC JAN
MEDIAN SALES PRICE
FEB
$517
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$594 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Downtown DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$585,000
$549,500
$703,250
$695,000
18.8%
Average Price per Square Foot ...........................
$564
$635
$713
$719
27.5%
Properties Sold .......................................................
31
42
42
41
32.3%
Properties Pending Sale .......................................
35
46
47
27
-22.9%
Properties For Sale ................................................
211
215
245
216
2.4%
Days on Market (Pending Sale) ...........................
63
52
51
71
12.7%
Month’s Supply of Inventory ................................
6.8
5.1
5.8
5.3
-22.6%
Percent Under Contract ........................................
16.6%
21.4%
19.2%
12.5%
-24.6%
Average Median Price for Last 12 Months ........
$579,733
$642,625
$645,000
$612,192
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
$585
NOV
$695,000
DEC JAN
MEDIAN SALES PRICE
FEB
$719
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Encino DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$400,000
$330,000
$389,000
$327,000
-18.2%
Average Price per Square Foot ...........................
$300
$313
$372
$332
10.7%
Properties Sold .......................................................
17
16
20
21
23.5%
Properties Pending Sale .......................................
19
21
20
23
21.1%
Properties For Sale ................................................
42
21
30
27
-35.7%
Days on Market (Pending Sale) ...........................
56
80
49
35
-37.5%
Month’s Supply of Inventory ................................
2.5
1.3
1.5
1.3
-48.0%
Percent Under Contract ........................................
45.2%
100.0%
66.7%
85.2%
88.3%
Average Median Price for Last 12 Months ........
$346,250
$370,000
$371,667
$364,615
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 $400
OCT NOV
$327,000
DEC JAN
MEDIAN SALES PRICE
FEB
$332
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$327 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Malibu DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$0
$891,500
$875,000
$0
n/a
Average Price per Square Foot ...........................
$0
$677
$723
$0
n/a
Properties Sold .......................................................
0
4
4
39
n/a
Properties Pending Sale .......................................
2
4
3
4
100.0%
Properties For Sale ................................................
20
21
17
25
25.0%
Days on Market (Pending Sale) ...........................
36
51
87
Month’s Supply of Inventory ................................
n/a
5.2
4.2
0.6
n/a
Percent Under Contract ........................................
10.0%
19.0%
17.6%
16.0%
60.0%
Average Median Price for Last 12 Months ........
$1,120,958
$839,375
$710,000
$868,625
-22.5%
%
*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 NOV
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.6 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 2017
telesproperties.com
Marina Del Rey DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,139,000
$872,990
$1,000,000
$925,000
-18.8%
Average Price per Square Foot ...........................
$640
$678
$692
$677
5.8%
Properties Sold .......................................................
30
25
19
21
-30.0%
Properties Pending Sale .......................................
23
26
16
27
17.4%
Properties For Sale ................................................
105
96
100
97
-7.6%
Days on Market (Pending Sale) ...........................
56
25
61
37
-33.9%
Month’s Supply of Inventory ................................
3.5
3.8
5.3
4.6
32.0%
Percent Under Contract ........................................
21.9%
27.1%
16.0%
27.8%
27.1%
Average Median Price for Last 12 Months ........
$884,375
$921,775
$908,000
$911,203
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 $1.139
OCT NOV
$925,000
DEC JAN
MEDIAN SALES PRICE
FEB
$677
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 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 2017
telesproperties.com
Santa Monica DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$897,250
$937,000
$900,000
$1,282,500
42.9%
Average Price per Square Foot ...........................
$934
$980
$987
$1,100
17.8%
Properties Sold .......................................................
20
23
19
22
10.0%
Properties Pending Sale .......................................
26
15
39
26
0.0%
Properties For Sale ................................................
96
86
105
94
-2.1%
Days on Market (Pending Sale) ...........................
44
30
26
21
-52.3%
Month’s Supply of Inventory ................................
4.8
3.7
5.5
4.3
-11.0%
Percent Under Contract ........................................
27.1%
17.4%
37.1%
27.7%
2.1%
Average Median Price for Last 12 Months ........
$915,320
$1,054,250
$1,108,500
$968,173
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
$897
NOV
$1,282,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,100
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.282 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Sherman Oaks DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$447,000
$480,000
$508,000
$477,000
6.7%
Average Price per Square Foot ...........................
$366
$360
$372
$372
1.6%
Properties Sold .......................................................
28
22
23
18
-35.7%
Properties Pending Sale .......................................
15
40
32
26
73.3%
Properties For Sale ................................................
37
34
24
14
-62.2%
Days on Market (Pending Sale) ...........................
73
60
58
44
-39.7%
Month’s Supply of Inventory ................................
1.3
1.5
1
0.8
-41.1%
Percent Under Contract ........................................
40.5%
117.6%
133.3%
185.7%
358.1%
Average Median Price for Last 12 Months ........
$450,500
$509,167
$519,000
$483,615
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
$447
NOV
$477,000
DEC JAN
MEDIAN SALES PRICE
FEB
$372
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
0.8 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 2017
telesproperties.com
Studio City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$563,000
$635,000
$715,000
$659,000
17.1%
Average Price per Square Foot ...........................
$435
$447
$480
$483
11.0%
Properties Sold .......................................................
16
13
19
13
-18.8%
Properties Pending Sale .......................................
11
15
21
19
72.7%
Properties For Sale ................................................
29
22
21
21
-27.6%
Days on Market (Pending Sale) ...........................
42
72
50
43
2.4%
Month’s Supply of Inventory ................................
1.8
1.7
1.1
0
%
Percent Under Contract ........................................
37.9%
68.2%
100.0%
90.5%
138.5%
Average Median Price for Last 12 Months ........
$538,250
$692,833
$705,000
$631,923
17.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$563
NOV
$659,000
DEC JAN
MEDIAN SALES PRICE
FEB
$483
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
No sales 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 2017
telesproperties.com
Venice DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$1,293,000
$1,275,000
$1,243,500
$841,000
-35.0%
Average Price per Square Foot ...........................
$931
$888
$1,288
$958
2.9%
Properties Sold .......................................................
6
3
2
1
-83.3%
Properties Pending Sale .......................................
4
4
1
3
-25.0%
Properties For Sale ................................................
15
10
18
18
20.0%
Days on Market (Pending Sale) ...........................
110
45
63
77
-30.0%
Month’s Supply of Inventory ................................
2.5
3.3
9
18
620.0%
Percent Under Contract ........................................
26.7%
40.0%
5.6%
16.7%
-37.5%
Average Median Price for Last 12 Months ........
$1,116,625
$1,101,700
$1,042,500
$1,141,045
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.293
OCT NOV
$841,000
DEC JAN
MEDIAN SALES PRICE
FEB
$958
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
18 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$841 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
West Hollywood DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$829,000
$605,000
$684,500
$742,000
-10.5%
Average Price per Square Foot ...........................
$724
$627
$642
$685
-5.4%
Properties Sold .......................................................
31
33
26
32
3.2%
Properties Pending Sale .......................................
27
26
36
28
3.7%
Properties For Sale ................................................
124
116
132
120
-3.2%
Days on Market (Pending Sale) ...........................
50
24
34
26
-48.0%
Month’s Supply of Inventory ................................
4
3.5
5.1
3.8
-6.2%
Percent Under Contract ........................................
21.8%
22.4%
27.3%
23.3%
7.2%
Average Median Price for Last 12 Months ........
$683,063
$706,025
$720,383
$688,935
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$829
NOV
$742,000
DEC JAN
MEDIAN SALES PRICE
FEB
$685
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$742 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
West LA DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$837,500
$817,000
$700,000
$730,000
-12.8%
Average Price per Square Foot ...........................
$547
$558
$596
$557
1.8%
Properties Sold .......................................................
10
5
13
13
30.0%
Properties Pending Sale .......................................
14
12
13
14
0.0%
Properties For Sale ................................................
50
31
31
32
-36.0%
Days on Market (Pending Sale) ...........................
29
18
21
19
-34.5%
Month’s Supply of Inventory ................................
5
6.2
2.4
2.5
-50.8%
Percent Under Contract ........................................
28.0%
38.7%
41.9%
43.8%
56.2%
Average Median Price for Last 12 Months ........
$739,292
$771,278
$782,222
$773,386
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$837
NOV
$730,000
DEC JAN
MEDIAN SALES PRICE
FEB
$557
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
Westwood - Century City DATA*
Oct 2016
6 month
3 month
Oct 2017
% change
Median Price ..........................................................
$910,000
$785,000
$897,500
$832,500
-8.5%
Average Price per Square Foot ...........................
$683
$655
$680
$664
-2.8%
Properties Sold .......................................................
49
35
42
30
-38.8%
Properties Pending Sale .......................................
37
48
35
47
27.0%
Properties For Sale ................................................
205
212
196
209
2.0%
Days on Market (Pending Sale) ...........................
40
56
55
45
12.5%
Month’s Supply of Inventory ................................
4.2
6.1
4.7
7
66.5%
Percent Under Contract ........................................
18.0%
22.6%
17.9%
22.5%
24.6%
Average Median Price for Last 12 Months ........
$816,960
$891,667
$877,500
$873,904
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
$910
NOV
$832,500
DEC JAN
MEDIAN SALES PRICE
FEB
$664
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$832 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2017
telesproperties.com
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