micro market report luxury real estate market research September 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : September 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : September 2014
telesproperties.com
Los Angeles County DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$853,500
$888,000
$1,022,500
$890,000
4.3%
Average Price per Square Foot ...........................
$542
$607
$637
$670
23.6%
Properties Sold .......................................................
706
611
726
661
-6.4%
Properties Pending Sale .......................................
751
828
877
721
-4.0%
Properties For Sale ................................................
3,764
3,444
3,950
3,910
3.9%
Days on Market (Pending Sale) ...........................
49
52
42
52
6.1%
Month’s Supply of Inventory ................................
5.3
5.6
5.4
5.9
11.0%
Percent Under Contract ........................................
20.0%
24.0%
22.2%
18.4%
-7.6%
Average Median Price for Last 12 Months ........
$752,000
$929,233
$915,133
$890,319
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$853
OCT
$890,000
NOV DEC
MEDIAN SALES PRICE
JAN
$670
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,787,500
$1,990,000
$2,300,000
$3,105,000
73.7%
Average Price per Square Foot ...........................
$847
$767
$970
$829
-2.1%
Properties Sold .......................................................
12
14
10
9
-25.0%
Properties Pending Sale .......................................
14
13
11
7
-50.0%
Properties For Sale ................................................
139
102
117
129
-7.2%
Days on Market (Pending Sale) ...........................
101
97
81
60
-40.6%
Month’s Supply of Inventory ................................
11.6
7.3
11.7
14.3
23.7%
Percent Under Contract ........................................
10.1%
12.7%
9.4%
5.4%
-46.1%
Average Median Price for Last 12 Months ........
$1,914,000
$3,369,549
$2,369,500
$2,614,753
26.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.787
OCT
$3,105,000
NOV DEC
MEDIAN SALES PRICE
JAN
$829
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
14.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.105 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,129,444
$1,150,000
$1,429,000
$1,580,250
39.9%
Average Price per Square Foot ...........................
$596
$614
$738
$740
24.2%
Properties Sold .......................................................
16
16
16
16
0.0%
Properties Pending Sale .......................................
13
18
18
20
53.8%
Properties For Sale ................................................
44
65
74
70
59.1%
Days on Market (Pending Sale) ...........................
36
42
20
41
13.9%
Month’s Supply of Inventory ................................
2.8
4.1
4.6
4.4
59.1%
Percent Under Contract ........................................
29.5%
27.7%
24.3%
28.6%
-3.3%
Average Median Price for Last 12 Months ........
$1,092,000
$1,348,958
$1,389,917
$1,334,476
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.129
OCT
$1,580,250
NOV DEC
MEDIAN SALES PRICE
JAN
$740
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Beverly Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$4,120,000
$4,650,000
$2,795,000
$4,300,000
4.4%
Average Price per Square Foot ...........................
$893
$1,041
$1,182
$1,075
20.4%
Properties Sold .......................................................
13
11
11
11
-15.4%
Properties Pending Sale .......................................
8
18
17
14
75.0%
Properties For Sale ................................................
111
86
97
100
-9.9%
Days on Market (Pending Sale) ...........................
58
91
54
51
-12.1%
Month’s Supply of Inventory ................................
8.5
7.8
8.8
9.1
6.5%
Percent Under Contract ........................................
7.2%
20.9%
17.5%
14.0%
94.2%
Average Median Price for Last 12 Months ........
$4,303,000
$3,955,750
$3,477,500
$4,640,031
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$4.120
OCT
$4,300,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,075
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
9.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$4.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,700,000
$2,650,000
$1,580,000
$4,090,000
140.6%
Average Price per Square Foot ...........................
$751
$945
$786
$1,096
45.9%
Properties Sold .......................................................
16
11
10
6
-62.5%
Properties Pending Sale .......................................
16
18
12
11
-31.2%
Properties For Sale ................................................
135
119
129
127
-5.9%
Days on Market (Pending Sale) ...........................
68
103
46
80
17.6%
Month’s Supply of Inventory ................................
8.4
10.8
12.9
21.2
150.9%
Percent Under Contract ........................................
11.9%
15.1%
9.3%
8.7%
-26.9%
Average Median Price for Last 12 Months ........
$1,971,000
$2,634,167
$3,140,000
$2,354,731
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.700
OCT
$4,090,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,096
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
21.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$4.090 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Beverlywood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,095,000
$872,500
$980,500
$1,015,000
-7.3%
Average Price per Square Foot ...........................
$575
$527
$627
$618
7.5%
Properties Sold .......................................................
12
16
14
12
0.0%
Properties Pending Sale .......................................
15
14
16
19
26.7%
Properties For Sale ................................................
51
50
61
58
13.7%
Days on Market (Pending Sale) ...........................
52
40
39
46
-11.5%
Month’s Supply of Inventory ................................
4.2
3.1
4.4
4.8
13.7%
Percent Under Contract ........................................
29.4%
28.0%
26.2%
32.8%
11.4%
Average Median Price for Last 12 Months ........
$812,000
$1,024,500
$1,064,667
$999,385
18.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.095
OCT
$1,015,000
NOV DEC
MEDIAN SALES PRICE
JAN
$618
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.015 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Brentwood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,180,000
$2,740,000
$2,730,000
$3,151,500
44.6%
Average Price per Square Foot ...........................
$812
$1,033
$924
$979
20.6%
Properties Sold .......................................................
14
7
28
18
28.6%
Properties Pending Sale .......................................
13
22
21
20
53.8%
Properties For Sale ................................................
108
111
113
112
3.7%
Days on Market (Pending Sale) ...........................
50
57
59
58
16.0%
Month’s Supply of Inventory ................................
7.7
15.9
4
6.2
-19.3%
Percent Under Contract ........................................
12.0%
19.8%
18.6%
17.9%
48.4%
Average Median Price for Last 12 Months ........
$2,166,000
$2,790,083
$2,756,333
$2,686,444
19.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.180
OCT
$3,151,500
NOV DEC
MEDIAN SALES PRICE
JAN
$979
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.151 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,211,000
$1,525,900
$1,765,000
$2,022,500
67.0%
Average Price per Square Foot ...........................
$648
$706
$735
$739
14.0%
Properties Sold .......................................................
9
2
11
2
-77.8%
Properties Pending Sale .......................................
8
9
5
7
-12.5%
Properties For Sale ................................................
14
20
22
24
71.4%
Days on Market (Pending Sale) ...........................
41
13
43
26
-36.6%
Month’s Supply of Inventory ................................
1.6
10
2
12
671.4%
Percent Under Contract ........................................
57.1%
45.0%
22.7%
29.2%
-49.0%
Average Median Price for Last 12 Months ........
$1,333,000
$1,551,333
$1,588,500
$1,566,377
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.211
OCT
$2,022,500
NOV DEC
MEDIAN SALES PRICE
JAN
$739
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
12 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Culver City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$757,250
$667,500
$830,000
$813,000
7.4%
Average Price per Square Foot ...........................
$551
$544
$545
$583
5.8%
Properties Sold .......................................................
18
6
13
20
11.1%
Properties Pending Sale .......................................
12
21
10
17
41.7%
Properties For Sale ................................................
45
33
42
44
-2.2%
Days on Market (Pending Sale) ...........................
51
37
19
41
-19.6%
Month’s Supply of Inventory ................................
2.5
5.5
3.2
2.2
-12.0%
Percent Under Contract ........................................
26.7%
63.6%
23.8%
38.6%
44.9%
Average Median Price for Last 12 Months ........
$745,000
$854,300
$844,600
$813,754
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$757
OCT
$813,000
NOV DEC
MEDIAN SALES PRICE
JAN
$583
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$813 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,153,125
$1,163,000
$1,400,000
$1,330,000
15.3%
Average Price per Square Foot ...........................
$557
$578
$650
$562
0.9%
Properties Sold .......................................................
22
20
22
13
-40.9%
Properties Pending Sale .......................................
30
25
22
19
-36.7%
Properties For Sale ................................................
113
99
105
106
-6.2%
Days on Market (Pending Sale) ...........................
41
44
53
59
43.9%
Month’s Supply of Inventory ................................
5.1
5
4.8
8.2
58.7%
Percent Under Contract ........................................
26.5%
25.3%
21.0%
17.9%
-32.5%
Average Median Price for Last 12 Months ........
$1,114,000
$1,323,708
$1,416,333
$1,351,313
17.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.153
OCT
$1,330,000
NOV DEC
MEDIAN SALES PRICE
JAN
$562
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Hollywood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$670,000
$580,000
$1,007,614
$662,500
-1.1%
Average Price per Square Foot ...........................
$460
$428
$572
$542
17.8%
Properties Sold .......................................................
3
3
10
4
33.3%
Properties Pending Sale .......................................
6
0
7
8
33.3%
Properties For Sale ................................................
26
17
22
27
3.8%
Days on Market (Pending Sale) ...........................
47
0
46
23
-51.1%
Month’s Supply of Inventory ................................
8.7
5.7
2.2
6.8
-22.1%
Percent Under Contract ........................................
23.1%
0.0%
31.8%
29.6%
28.4%
Average Median Price for Last 12 Months ........
$696,000
$870,186
$677,000
$859,260
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$670
OCT
$662,500
NOV DEC
MEDIAN SALES PRICE
JAN
$542
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Hollywood Hills East DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,095,000
$1,010,000
$1,101,650
$1,166,000
6.5%
Average Price per Square Foot ...........................
$498
$544
$563
$496
-0.4%
Properties Sold .......................................................
13
7
13
11
-15.4%
Properties Pending Sale .......................................
14
10
16
13
-7.1%
Properties For Sale ................................................
65
50
66
67
3.1%
Days on Market (Pending Sale) ...........................
68
41
50
68
0.0%
Month’s Supply of Inventory ................................
4.6
5
4.1
6.1
31.2%
Percent Under Contract ........................................
21.5%
20.0%
24.2%
19.4%
-9.9%
Average Median Price for Last 12 Months ........
$989,000
$1,118,350
$1,166,650
$1,181,950
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.095
OCT
$1,166,000
NOV DEC
MEDIAN SALES PRICE
JAN
$496
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.166 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Laurel Canyon DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,358,750
$1,675,000
$1,150,000
$1,400,000
3.0%
Average Price per Square Foot ...........................
$616
$733
$649
$727
18.0%
Properties Sold .......................................................
14
25
31
23
64.3%
Properties Pending Sale .......................................
22
30
30
21
-4.5%
Properties For Sale ................................................
141
138
140
135
-4.3%
Days on Market (Pending Sale) ...........................
42
48
41
79
88.1%
Month’s Supply of Inventory ................................
6.4
4.6
4.7
5.9
-8.4%
Percent Under Contract ........................................
15.6%
21.7%
21.4%
15.6%
-0.3%
Average Median Price for Last 12 Months ........
$1,185,000
$1,351,333
$1,426,000
$1,347,822
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.358
OCT
$1,400,000
NOV DEC
MEDIAN SALES PRICE
JAN
$727
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Los Feliz DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,410,000
$1,050,000
$1,312,500
$1,063,500
-24.6%
Average Price per Square Foot ...........................
$538
$598
$627
$626
16.4%
Properties Sold .......................................................
13
17
22
19
46.2%
Properties Pending Sale .......................................
8
21
26
16
100.0%
Properties For Sale ................................................
45
87
99
72
60.0%
Days on Market (Pending Sale) ...........................
18
31
47
54
200.0%
Month’s Supply of Inventory ................................
5.6
4.1
3.8
3.8
-32.6%
Percent Under Contract ........................................
17.8%
24.1%
26.3%
22.2%
25.0%
Average Median Price for Last 12 Months ........
$1,090,000
$1,306,583
$1,251,500
$1,303,269
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.410
SEP OCT
$1,063,500
NOV DEC
MEDIAN SALES PRICE
JAN
$626
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.063 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Malibu DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,650,000
$1,870,000
$2,200,000
$3,250,000
97.0%
Average Price per Square Foot ...........................
$699
$765
$977
$1,317
88.4%
Properties Sold .......................................................
17
9
11
15
-11.8%
Properties Pending Sale .......................................
20
17
14
16
-20.0%
Properties For Sale ................................................
223
189
209
211
-5.4%
Days on Market (Pending Sale) ...........................
166
97
87
127
-23.5%
Month’s Supply of Inventory ................................
13.1
21
19
14.1
7.2%
Percent Under Contract ........................................
9.0%
9.0%
6.7%
7.6%
-15.5%
Average Median Price for Last 12 Months ........
$1,862,000
$2,494,167
$2,596,667
$2,335,247
20.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.650
OCT
$3,250,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,317
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
14.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Malibu Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$5,353,750
$6,332,500
$5,600,000
$7,950,000
48.5%
Average Price per Square Foot ...........................
$2,646
$2,329
$1,617
$2,488
-6.0%
Properties Sold .......................................................
2
4
5
3
50.0%
Properties Pending Sale .......................................
3
3
6
4
33.3%
Properties For Sale ................................................
80
72
82
72
-10.0%
Days on Market (Pending Sale) ...........................
92
154
206
192
108.7%
Month’s Supply of Inventory ................................
40
18
16.4
24
-40.0%
Percent Under Contract ........................................
3.8%
4.2%
7.3%
5.6%
48.1%
Average Median Price for Last 12 Months ........
$6,026,000
$6,305,438
$6,235,833
$6,536,356
7.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$5.353
OCT
$7,950,000
NOV DEC
MEDIAN SALES PRICE
JAN
$2,488
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
24 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$7.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Marina Del Rey DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$976,000
$1,250,000
$3,081,000
$1,557,500
59.6%
Average Price per Square Foot ...........................
$522
$532
$588
$602
15.3%
Properties Sold .......................................................
1
4
3
6
500.0%
Properties Pending Sale .......................................
3
8
1
4
33.3%
Properties For Sale ................................................
22
26
20
24
9.1%
Days on Market (Pending Sale) ...........................
41
51
24
45
9.8%
Month’s Supply of Inventory ................................
22
6.5
6.7
4
-81.8%
Percent Under Contract ........................................
13.6%
30.8%
5.0%
16.7%
22.2%
Average Median Price for Last 12 Months ........
$1,531,000
$1,844,700
$1,573,750
$1,669,542
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$976
OCT
$1,557,500
NOV DEC
MEDIAN SALES PRICE
JAN
$602
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.557 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Mid Los Angeles DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$465,000
$471,500
$585,000
$580,000
24.7%
Average Price per Square Foot ...........................
$322
$318
$318
$387
20.2%
Properties Sold .......................................................
14
20
19
12
-14.3%
Properties Pending Sale .......................................
19
19
17
20
5.3%
Properties For Sale ................................................
86
73
66
84
-2.3%
Days on Market (Pending Sale) ...........................
53
46
33
32
-39.6%
Month’s Supply of Inventory ................................
6.1
3.6
3.5
7
14.0%
Percent Under Contract ........................................
22.1%
26.0%
25.8%
23.8%
7.8%
Average Median Price for Last 12 Months ........
$409,000
$572,500
$566,333
$511,774
20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$465
OCT
$580,000
NOV DEC
MEDIAN SALES PRICE
JAN
$387
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Mid Wilshire DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$525,000
$0
$695,000
$739,500
40.9%
Average Price per Square Foot ...........................
$348
$0
$278
$292
-16.1%
Properties Sold .......................................................
3
0
1
4
33.3%
Properties Pending Sale .......................................
4
3
11
3
-25.0%
Properties For Sale ................................................
21
16
24
11
-47.6%
Days on Market (Pending Sale) ...........................
22
16
41
84
281.8%
Month’s Supply of Inventory ................................
7
0
24
2.8
-60.7%
Percent Under Contract ........................................
19.0%
18.8%
45.8%
27.3%
43.2%
Average Median Price for Last 12 Months ........
$461,000
$674,750
$670,500
$633,864
27.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$525
OCT
$739,500
NOV DEC
MEDIAN SALES PRICE
JAN
$292
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$739 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Pacific Palisades DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,380,000
$2,850,000
$2,550,000
$2,410,000
1.3%
Average Price per Square Foot ...........................
$730
$899
$873
$1,025
40.4%
Properties Sold .......................................................
26
29
33
24
-7.7%
Properties Pending Sale .......................................
13
34
36
28
115.4%
Properties For Sale ................................................
105
134
119
120
14.3%
Days on Market (Pending Sale) ...........................
61
47
46
68
11.5%
Month’s Supply of Inventory ................................
4
4.6
3.6
5
23.8%
Percent Under Contract ........................................
12.4%
25.4%
30.3%
23.3%
88.5%
Average Median Price for Last 12 Months ........
$2,209,000
$2,588,328
$2,499,156
$2,603,405
15.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.380
OCT
$2,410,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,025
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.410 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 : September 2014
telesproperties.com
Palms - Mar Vista DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$905,000
$1,312,500
$1,066,000
$945,000
4.4%
Average Price per Square Foot ...........................
$537
$651
$685
$621
15.6%
Properties Sold .......................................................
23
22
26
17
-26.1%
Properties Pending Sale .......................................
25
29
39
28
12.0%
Properties For Sale ................................................
80
64
91
85
6.2%
Days on Market (Pending Sale) ...........................
21
26
27
42
100.0%
Month’s Supply of Inventory ................................
3.5
2.9
3.5
5
43.8%
Percent Under Contract ........................................
31.2%
45.3%
42.9%
32.9%
5.4%
Average Median Price for Last 12 Months ........
$855,000
$1,013,167
$966,333
$1,026,158
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$905
OCT
$945,000
NOV DEC
MEDIAN SALES PRICE
JAN
$621
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Playa Del Rey DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,352,000
$1,250,000
$922,500
$1,299,000
-3.9%
Average Price per Square Foot ...........................
$497
$498
$649
$583
17.3%
Properties Sold .......................................................
3
4
4
5
66.7%
Properties Pending Sale .......................................
3
4
3
3
0.0%
Properties For Sale ................................................
17
13
18
17
0.0%
Days on Market (Pending Sale) ...........................
103
63
14
50
-51.5%
Month’s Supply of Inventory ................................
5.7
3.2
4.5
3.4
-40.0%
Percent Under Contract ........................................
17.6%
30.8%
16.7%
17.6%
0.0%
Average Median Price for Last 12 Months ........
$1,185,000
$1,302,417
$1,282,000
$1,233,558
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.352
OCT
$1,299,000
NOV DEC
MEDIAN SALES PRICE
JAN
$583
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.299 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Playa Vista DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,192,500
$0
$1,242,000
$1,555,000
30.4%
Average Price per Square Foot ...........................
$459
$0
$473
$450
-2.0%
Properties Sold .......................................................
2
0
5
1
-50.0%
Properties Pending Sale .......................................
0
1
4
5
0%
Properties For Sale ................................................
6
5
9
8
33.3%
Days on Market (Pending Sale) ...........................
0
9
26
35
0%
Month’s Supply of Inventory ................................
3
0
1.8
8
166.7%
Percent Under Contract ........................................
0.0%
20.0%
44.4%
62.5%
0%
Average Median Price for Last 12 Months ........
$1,173,000
$1,162,700
$1,190,500
$1,200,124
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.192
OCT
$1,555,000
NOV DEC
MEDIAN SALES PRICE
JAN
$450
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.555 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Santa Monica DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,187,500
$2,312,500
$2,160,000
$1,929,500
-11.8%
Average Price per Square Foot ...........................
$955
$972
$971
$1,013
6.1%
Properties Sold .......................................................
16
14
23
24
50.0%
Properties Pending Sale .......................................
24
17
30
24
0.0%
Properties For Sale ................................................
99
74
99
82
-17.2%
Days on Market (Pending Sale) ...........................
34
37
46
45
32.4%
Month’s Supply of Inventory ................................
6.2
5.3
4.3
3.4
-44.8%
Percent Under Contract ........................................
24.2%
23.0%
30.3%
29.3%
20.7%
Average Median Price for Last 12 Months ........
$2,030,000
$1,935,875
$1,885,083
$1,912,308
-6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.187
OCT
$1,929,500
NOV DEC
MEDIAN SALES PRICE
JAN
$1,013
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.929 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,492,500
$1,890,500
$1,660,000
$1,930,000
29.3%
Average Price per Square Foot ...........................
$710
$782
$631
$963
35.6%
Properties Sold .......................................................
28
32
33
29
3.6%
Properties Pending Sale .......................................
36
41
39
29
-19.4%
Properties For Sale ................................................
271
239
264
266
-1.8%
Days on Market (Pending Sale) ...........................
48
82
49
69
43.8%
Month’s Supply of Inventory ................................
9.7
7.5
8
9.2
-5.2%
Percent Under Contract ........................................
13.3%
17.2%
14.8%
10.9%
-17.9%
Average Median Price for Last 12 Months ........
$1,453,000
$1,808,377
$1,901,667
$1,647,634
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.492
OCT
$1,930,000
NOV DEC
MEDIAN SALES PRICE
JAN
$963
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
9.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Venice DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,405,000
$1,683,300
$1,725,000
$1,400,000
-0.4%
Average Price per Square Foot ...........................
$892
$902
$948
$887
-0.6%
Properties Sold .......................................................
21
19
24
7
-66.7%
Properties Pending Sale .......................................
23
22
16
16
-30.4%
Properties For Sale ................................................
76
60
62
59
-22.4%
Days on Market (Pending Sale) ...........................
79
65
23
89
12.7%
Month’s Supply of Inventory ................................
3.6
3.2
2.6
8.4
132.9%
Percent Under Contract ........................................
30.3%
36.7%
25.8%
27.1%
-10.4%
Average Median Price for Last 12 Months ........
$1,341,000
$1,637,417
$1,650,000
$1,519,254
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.405
OCT
$1,400,000
NOV DEC
MEDIAN SALES PRICE
JAN
$887
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
West Hollywood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,187,500
$1,087,500
$1,125,000
$1,280,000
7.8%
Average Price per Square Foot ...........................
$659
$748
$679
$799
21.2%
Properties Sold .......................................................
4
6
13
10
150.0%
Properties Pending Sale .......................................
6
12
12
7
16.7%
Properties For Sale ................................................
53
41
45
46
-13.2%
Days on Market (Pending Sale) ...........................
45
74
34
94
108.9%
Month’s Supply of Inventory ................................
13.2
6.8
3.5
4.6
-65.3%
Percent Under Contract ........................................
11.3%
29.3%
26.7%
15.2%
34.4%
Average Median Price for Last 12 Months ........
$1,145,000
$1,260,532
$1,255,375
$1,200,564
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.187
OCT
$1,280,000
NOV DEC
MEDIAN SALES PRICE
JAN
$799
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
West Los Angeles DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$775,650
$877,500
$875,000
$890,000
14.7%
Average Price per Square Foot ...........................
$572
$564
$608
$627
9.6%
Properties Sold .......................................................
9
6
9
11
22.2%
Properties Pending Sale .......................................
9
6
8
11
22.2%
Properties For Sale ................................................
31
25
33
40
29.0%
Days on Market (Pending Sale) ...........................
42
19
18
27
-35.7%
Month’s Supply of Inventory ................................
3.4
4.2
3.7
3.6
5.6%
Percent Under Contract ........................................
29.0%
24.0%
24.2%
27.5%
-5.3%
Average Median Price for Last 12 Months ........
$736,000
$876,125
$860,833
$839,050
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$775
OCT
$890,000
NOV DEC
MEDIAN SALES PRICE
JAN
$627
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Westchester DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$765,000
$905,000
$752,000
$897,500
17.3%
Average Price per Square Foot ...........................
$495
$476
$539
$530
7.1%
Properties Sold .......................................................
28
17
22
24
-14.3%
Properties Pending Sale .......................................
21
19
37
16
-23.8%
Properties For Sale ................................................
49
55
84
59
20.4%
Days on Market (Pending Sale) ...........................
31
24
37
38
22.6%
Month’s Supply of Inventory ................................
1.8
3.2
3.8
2.5
40.5%
Percent Under Contract ........................................
42.9%
34.5%
44.0%
27.1%
-36.7%
Average Median Price for Last 12 Months ........
$721,000
$816,583
$840,500
$824,385
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$765
OCT
$897,500
NOV DEC
MEDIAN SALES PRICE
JAN
$530
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$897 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Westwood - Century City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,567,500
$1,850,000
$1,505,000
$1,905,000
21.5%
Average Price per Square Foot ...........................
$680
$756
$769
$752
10.6%
Properties Sold .......................................................
12
10
15
18
50.0%
Properties Pending Sale .......................................
11
14
19
16
45.5%
Properties For Sale ................................................
58
44
68
65
12.1%
Days on Market (Pending Sale) ...........................
33
24
39
42
27.3%
Month’s Supply of Inventory ................................
4.8
4.4
4.5
3.6
-25.3%
Percent Under Contract ........................................
19.0%
31.8%
27.9%
24.6%
29.8%
Average Median Price for Last 12 Months ........
$1,422,000
$1,829,583
$1,990,833
$1,721,000
21.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.567
OCT
$1,905,000
NOV DEC
MEDIAN SALES PRICE
JAN
$752
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.905 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
South Bay Macro Market DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,144,556
$1,076,813
$1,673,611
$1,502,639
31.3%
Average Price per Square Foot ...........................
$552
$552
$570
$624
13.0%
Properties Sold .......................................................
199
180
184
180
-9.5%
Properties Pending Sale .......................................
169
226
226
204
20.7%
Properties For Sale ................................................
662
620
774
759
14.7%
Days on Market (Pending Sale) ...........................
49
58
32
65
32.8%
Month’s Supply of Inventory ................................
3.3
3.4
4.2
4.2
26.8%
Percent Under Contract ........................................
25.5%
36.5%
29.2%
26.9%
5.3%
Average Median Price for Last 12 Months ........
$1,229,111
$1,396,452
$1,376,493
$1,335,321
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.144
OCT
$1,502,639
NOV DEC
MEDIAN SALES PRICE
JAN
$624
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.502 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
El Segundo DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$820,500
$730,000
$820,000
$777,500
-5.2%
Average Price per Square Foot ...........................
$514
$604
$518
$800
55.6%
Properties Sold .......................................................
8
5
6
2
-75.0%
Properties Pending Sale .......................................
5
7
4
1
-80.0%
Properties For Sale ................................................
20
19
17
9
-55.0%
Days on Market (Pending Sale) ...........................
54
34
19
127
135.2%
Month’s Supply of Inventory ................................
2.5
3.8
2.8
4.5
80.0%
Percent Under Contract ........................................
25.0%
36.8%
23.5%
11.1%
-55.6%
Average Median Price for Last 12 Months ........
$838,000
$892,167
$895,833
$858,558
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$820
OCT
$777,500
NOV DEC
MEDIAN SALES PRICE
JAN
$800
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$777 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Manhattan Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,730,000
$1,717,000
$1,915,000
$1,780,000
2.9%
Average Price per Square Foot ...........................
$718
$788
$818
$928
29.2%
Properties Sold .......................................................
27
25
36
22
-18.5%
Properties Pending Sale .......................................
22
45
33
32
45.5%
Properties For Sale ................................................
77
92
89
82
6.5%
Days on Market (Pending Sale) ...........................
47
32
36
45
-4.3%
Month’s Supply of Inventory ................................
2.9
3.7
2.5
3.7
30.7%
Percent Under Contract ........................................
28.6%
48.9%
37.1%
39.0%
36.6%
Average Median Price for Last 12 Months ........
$1,629,000
$1,908,375
$1,894,250
$1,857,019
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.730
OCT
$1,780,000
NOV DEC
MEDIAN SALES PRICE
JAN
$928
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Palos Verdes Estates DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,500,000
$1,737,500
$1,500,000
$3,000,000
100.0%
Average Price per Square Foot ...........................
$669
$693
$610
$827
23.6%
Properties Sold .......................................................
17
14
13
13
-23.5%
Properties Pending Sale .......................................
16
18
27
17
6.2%
Properties For Sale ................................................
63
61
94
86
36.5%
Days on Market (Pending Sale) ...........................
55
37
38
61
10.9%
Month’s Supply of Inventory ................................
3.7
4.4
7.2
6.6
78.5%
Percent Under Contract ........................................
25.4%
29.5%
28.7%
19.8%
-22.2%
Average Median Price for Last 12 Months ........
$1,566,000
$1,807,500
$2,125,000
$1,677,462
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.500
OCT
$3,000,000
NOV DEC
MEDIAN SALES PRICE
JAN
$827
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Rancho Palos Verdes DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,150,000
$1,145,000
$1,260,000
$1,195,999
4.0%
Average Price per Square Foot ...........................
$483
$527
$481
$533
10.4%
Properties Sold .......................................................
41
25
32
35
-14.6%
Properties Pending Sale .......................................
35
35
45
41
17.1%
Properties For Sale ................................................
128
104
160
156
21.9%
Days on Market (Pending Sale) ...........................
52
84
44
55
5.8%
Month’s Supply of Inventory ................................
3.1
4.2
5
4.5
42.8%
Percent Under Contract ........................................
27.3%
33.7%
28.1%
26.3%
-3.9%
Average Median Price for Last 12 Months ........
$1,047,000
$1,170,150
$1,135,966
$1,162,992
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.150
OCT
$1,195,999
NOV DEC
MEDIAN SALES PRICE
JAN
$533
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Redondo Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$887,500
$835,000
$920,000
$999,000
12.6%
Average Price per Square Foot ...........................
$588
$506
$530
$499
-15.1%
Properties Sold .......................................................
22
33
31
31
40.9%
Properties Pending Sale .......................................
11
30
35
29
163.6%
Properties For Sale ................................................
70
67
100
90
28.6%
Days on Market (Pending Sale) ...........................
48
41
16
26
-45.8%
Month’s Supply of Inventory ................................
3.2
2
3.2
2.9
-8.8%
Percent Under Contract ........................................
15.7%
44.8%
35.0%
32.2%
105.1%
Average Median Price for Last 12 Months ........
$822,000
$931,306
$989,250
$885,564
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$887
OCT
$999,000
NOV DEC
MEDIAN SALES PRICE
JAN
$499
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$999 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Rolling Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,480,500
$0
$5,725,000
$3,300,000
122.9%
Average Price per Square Foot ...........................
$716
$0
$840
$649
-9.4%
Properties Sold .......................................................
2
0
2
1
-50.0%
Properties Pending Sale .......................................
0
3
2
3
0%
Properties For Sale ................................................
16
20
25
24
50.0%
Days on Market (Pending Sale) ...........................
0
159
36
118
0%
Month’s Supply of Inventory ................................
8
0
12.5
24
200.0%
Percent Under Contract ........................................
0.0%
15.0%
8.0%
12.5%
0%
Average Median Price for Last 12 Months ........
$2,747,000
$3,309,067
$2,921,967
$3,103,490
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.480
OCT
$3,300,000
NOV DEC
MEDIAN SALES PRICE
JAN
$649
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
24 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Rolling Hills Estates DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,600,000
$1,280,000
$1,725,000
$1,221,250
-23.7%
Average Price per Square Foot ...........................
$544
$569
$570
$628
15.4%
Properties Sold .......................................................
8
3
4
6
-25.0%
Properties Pending Sale .......................................
5
7
12
5
0.0%
Properties For Sale ................................................
22
26
30
29
31.8%
Days on Market (Pending Sale) ...........................
49
26
23
50
2.0%
Month’s Supply of Inventory ................................
2.8
8.7
7.5
4.8
75.8%
Percent Under Contract ........................................
22.7%
26.9%
40.0%
17.2%
-24.1%
Average Median Price for Last 12 Months ........
$1,342,000
$1,344,708
$1,193,750
$1,304,865
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.600
SEP OCT
$1,221,250
NOV DEC
MEDIAN SALES PRICE
JAN
$628
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.221 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
San Pedro DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$514,000
$535,000
$520,000
$520,000
1.2%
Average Price per Square Foot ...........................
$326
$314
$338
$341
4.6%
Properties Sold .......................................................
32
28
24
31
-3.1%
Properties Pending Sale .......................................
37
32
18
28
-24.3%
Properties For Sale ................................................
133
113
99
130
-2.3%
Days on Market (Pending Sale) ...........................
41
74
44
44
7.3%
Month’s Supply of Inventory ................................
4.2
4
4.1
4.2
0.9%
Percent Under Contract ........................................
27.8%
28.3%
18.2%
21.5%
-22.6%
Average Median Price for Last 12 Months ........
$472,000
$545,250
$563,833
$521,731
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$514
OCT
$520,000
NOV DEC
MEDIAN SALES PRICE
JAN
$341
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Torrance DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$618,500
$635,000
$677,500
$730,000
18.0%
Average Price per Square Foot ...........................
$408
$411
$421
$407
-0.2%
Properties Sold .......................................................
42
47
36
39
-7.1%
Properties Pending Sale .......................................
38
49
50
48
26.3%
Properties For Sale ................................................
133
118
160
153
15.0%
Days on Market (Pending Sale) ...........................
47
31
32
61
29.8%
Month’s Supply of Inventory ................................
3.2
2.5
4.4
3.9
23.9%
Percent Under Contract ........................................
28.6%
41.5%
31.2%
31.4%
9.8%
Average Median Price for Last 12 Months ........
$599,000
$659,542
$668,583
$646,212
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$618
OCT
$730,000
NOV DEC
MEDIAN SALES PRICE
JAN
$407
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$696,143
$727,643
$838,214
$731,429
5.1%
Average Price per Square Foot ...........................
$361
$376
$392
$403
11.6%
Properties Sold .......................................................
439
368
502
420
-4.3%
Properties Pending Sale .......................................
417
471
508
465
11.5%
Properties For Sale ................................................
1,071
899
1,147
1,167
9.0%
Days on Market (Pending Sale) ...........................
50
58
63
62
25.8%
Month’s Supply of Inventory ................................
2.4
2.4
2.3
2.8
13.9%
Percent Under Contract ........................................
38.9%
52.4%
44.3%
39.8%
2.3%
Average Median Price for Last 12 Months ........
$658,945
$781,929
$770,786
$749,857
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$696
OCT
$731,429
NOV DEC
MEDIAN SALES PRICE
JAN
$403
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$731 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Burbank DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$590,000
$635,000
$654,000
$669,000
13.4%
Average Price per Square Foot ...........................
$402
$418
$412
$408
1.5%
Properties Sold .......................................................
57
51
44
49
-14.0%
Properties Pending Sale .......................................
56
49
60
41
-26.8%
Properties For Sale ................................................
89
59
91
84
-5.6%
Days on Market (Pending Sale) ...........................
40
59
43
49
22.5%
Month’s Supply of Inventory ................................
1.6
1.2
2.1
1.7
9.8%
Percent Under Contract ........................................
62.9%
83.1%
65.9%
48.8%
-22.4%
Average Median Price for Last 12 Months ........
$560,615
$650,167
$662,333
$632,538
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$590
OCT
$669,000
NOV DEC
MEDIAN SALES PRICE
JAN
$408
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
1.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$669 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Encino DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$968,000
$928,000
$995,000
$1,083,000
11.9%
Average Price per Square Foot ...........................
$386
$384
$424
$420
8.8%
Properties Sold .......................................................
28
31
47
29
3.6%
Properties Pending Sale .......................................
36
39
36
47
30.6%
Properties For Sale ................................................
118
96
121
120
1.7%
Days on Market (Pending Sale) ...........................
62
57
59
71
14.5%
Month’s Supply of Inventory ................................
4.2
3.1
2.6
4.1
-1.8%
Percent Under Contract ........................................
30.5%
40.6%
29.8%
39.2%
28.4%
Average Median Price for Last 12 Months ........
$829,077
$1,052,500
$1,098,333
$1,035,000
24.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$968
OCT
$1,083,000
NOV DEC
MEDIAN SALES PRICE
JAN
$420
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.083 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Glendale DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$728,000
$664,000
$751,000
$715,000
-1.8%
Average Price per Square Foot ...........................
$363
$404
$411
$417
14.9%
Properties Sold .......................................................
54
42
72
49
-9.3%
Properties Pending Sale .......................................
45
53
70
50
11.1%
Properties For Sale ................................................
130
119
136
121
-6.9%
Days on Market (Pending Sale) ...........................
53
55
47
60
13.2%
Month’s Supply of Inventory ................................
2.4
2.8
1.9
2.5
2.6%
Percent Under Contract ........................................
34.6%
44.5%
51.5%
41.3%
19.4%
Average Median Price for Last 12 Months ........
$641,615
$744,167
$748,667
$722,615
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$728
OCT
$715,000
NOV DEC
MEDIAN SALES PRICE
JAN
$417
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$715 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
La Crescenta DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$550,000
$765,000
$732,000
$760,000
38.2%
Average Price per Square Foot ...........................
$424
$413
$412
$410
-3.3%
Properties Sold .......................................................
20
14
19
26
30.0%
Properties Pending Sale .......................................
22
19
31
20
-9.1%
Properties For Sale ................................................
34
31
44
29
-14.7%
Days on Market (Pending Sale) ...........................
46
53
58
45
-2.2%
Month’s Supply of Inventory ................................
1.7
2.2
2.3
1.1
-34.4%
Percent Under Contract ........................................
64.7%
61.3%
70.5%
69.0%
6.6%
Average Median Price for Last 12 Months ........
$623,385
$733,833
$742,333
$683,231
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$550
OCT
$760,000
NOV DEC
MEDIAN SALES PRICE
JAN
$410
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
1.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
North Hollywood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$428,000
$455,000
$439,000
$485,000
13.3%
Average Price per Square Foot ...........................
$296
$319
$322
$350
18.2%
Properties Sold .......................................................
35
36
56
45
28.6%
Properties Pending Sale .......................................
25
40
40
45
80.0%
Properties For Sale ................................................
77
70
66
84
9.1%
Days on Market (Pending Sale) ...........................
47
55
53
46
-2.1%
Month’s Supply of Inventory ................................
2.2
1.9
1.2
1.9
-15.2%
Percent Under Contract ........................................
32.5%
57.1%
60.6%
53.6%
65.0%
Average Median Price for Last 12 Months ........
$363,692
$447,500
$462,333
$429,846
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$428
OCT
$485,000
NOV DEC
MEDIAN SALES PRICE
JAN
$350
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
1.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Shadow Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$790,000
$690,000
$600,000
$755,000
-4.4%
Average Price per Square Foot ...........................
$280
$243
$259
$256
-8.6%
Properties Sold .......................................................
3
3
3
2
-33.3%
Properties Pending Sale .......................................
3
4
3
1
-66.7%
Properties For Sale ................................................
18
8
14
18
0.0%
Days on Market (Pending Sale) ...........................
37
116
78
114
208.1%
Month’s Supply of Inventory ................................
6
2.7
4.7
9
50.0%
Percent Under Contract ........................................
16.7%
50.0%
21.4%
5.6%
-66.7%
Average Median Price for Last 12 Months ........
$632,923
$726,833
$769,333
$739,538
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$790
OCT
$755,000
NOV DEC
MEDIAN SALES PRICE
JAN
$256
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Sherman Oaks DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$820,000
$805,000
$900,000
$860,000
4.9%
Average Price per Square Foot ...........................
$445
$442
$437
$482
8.3%
Properties Sold .......................................................
48
45
49
63
31.2%
Properties Pending Sale .......................................
52
59
64
62
19.2%
Properties For Sale ................................................
135
111
154
168
24.4%
Days on Market (Pending Sale) ...........................
57
47
58
64
12.3%
Month’s Supply of Inventory ................................
2.8
2.5
3.1
2.7
-5.2%
Percent Under Contract ........................................
38.5%
53.2%
41.6%
36.9%
-4.2%
Average Median Price for Last 12 Months ........
$762,769
$922,500
$904,000
$887,154
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$820
OCT
$860,000
NOV DEC
MEDIAN SALES PRICE
JAN
$482
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Studio City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,095,000
$1,140,000
$1,195,000
$960,000
-12.3%
Average Price per Square Foot ...........................
$510
$478
$552
$610
19.6%
Properties Sold .......................................................
33
30
41
25
-24.2%
Properties Pending Sale .......................................
28
30
32
29
3.6%
Properties For Sale ................................................
90
66
81
80
-11.1%
Days on Market (Pending Sale) ...........................
48
72
47
69
43.8%
Month’s Supply of Inventory ................................
2.7
2.2
2
3.2
17.3%
Percent Under Contract ........................................
31.1%
45.5%
39.5%
36.2%
16.5%
Average Median Price for Last 12 Months ........
$923,846
$1,189,167
$1,156,667
$1,132,231
22.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.095
OCT
$960,000
NOV DEC
MEDIAN SALES PRICE
JAN
$610
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$960 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Sun Valley DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$327,000
$433,000
$385,000
$395,000
20.8%
Average Price per Square Foot ...........................
$294
$265
$300
$309
5.1%
Properties Sold .......................................................
19
12
23
13
-31.6%
Properties Pending Sale .......................................
16
17
27
28
75.0%
Properties For Sale ................................................
48
34
40
41
-14.6%
Days on Market (Pending Sale) ...........................
38
58
52
56
47.4%
Month’s Supply of Inventory ................................
2.5
2.8
1.7
3.2
24.8%
Percent Under Contract ........................................
33.3%
50.0%
67.5%
68.3%
104.9%
Average Median Price for Last 12 Months ........
$362,462
$388,833
$401,000
$383,692
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$327
OCT
$395,000
NOV DEC
MEDIAN SALES PRICE
JAN
$309
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Sunland/Tujunga DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$385,000
$395,000
$450,000
$495,000
28.6%
Average Price per Square Foot ...........................
$274
$329
$284
$302
10.2%
Properties Sold .......................................................
32
21
38
37
15.6%
Properties Pending Sale .......................................
33
36
46
34
3.0%
Properties For Sale ................................................
56
58
78
79
41.1%
Days on Market (Pending Sale) ...........................
46
59
71
47
2.2%
Month’s Supply of Inventory ................................
1.8
2.8
2.1
2.1
22.0%
Percent Under Contract ........................................
58.9%
62.1%
59.0%
43.0%
-27.0%
Average Median Price for Last 12 Months ........
$373,000
$465,667
$480,000
$440,538
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$385
OCT
$495,000
NOV DEC
MEDIAN SALES PRICE
JAN
$302
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Tarzana DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$795,000
$810,000
$790,000
$634,000
-20.3%
Average Price per Square Foot ...........................
$332
$387
$371
$382
15.1%
Properties Sold .......................................................
29
21
27
18
-37.9%
Properties Pending Sale .......................................
21
34
28
22
4.8%
Properties For Sale ................................................
66
68
94
106
60.6%
Days on Market (Pending Sale) ...........................
43
56
63
67
55.8%
Month’s Supply of Inventory ................................
2.3
3.2
3.5
5.9
158.8%
Percent Under Contract ........................................
31.8%
50.0%
29.8%
20.8%
-34.8%
Average Median Price for Last 12 Months ........
$763,231
$913,000
$891,333
$838,231
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $795
SEP OCT
$634,000
NOV DEC
MEDIAN SALES PRICE
JAN
$382
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Toluca Lake DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$850,000
$1,013,000
$2,415,000
$862,000
1.4%
Average Price per Square Foot ...........................
$333
$425
$540
$476
42.9%
Properties Sold .......................................................
5
4
5
6
20.0%
Properties Pending Sale .......................................
10
7
4
8
-20.0%
Properties For Sale ................................................
21
11
27
20
-4.8%
Days on Market (Pending Sale) ...........................
66
20
129
61
-7.6%
Month’s Supply of Inventory ................................
4.2
2.8
5.4
3.3
-20.6%
Percent Under Contract ........................................
47.6%
63.6%
14.8%
40.0%
-16.0%
Average Median Price for Last 12 Months ........
$1,111,000
$1,250,167
$956,667
$1,128,538
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$850
OCT
$862,000
NOV DEC
MEDIAN SALES PRICE
JAN
$476
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$862 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Valley Village DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$770,000
$819,000
$759,000
$822,000
6.8%
Average Price per Square Foot ...........................
$396
$414
$454
$464
17.2%
Properties Sold .......................................................
11
12
12
9
-18.2%
Properties Pending Sale .......................................
13
12
11
9
-30.8%
Properties For Sale ................................................
26
23
27
26
0.0%
Days on Market (Pending Sale) ...........................
49
56
52
55
12.2%
Month’s Supply of Inventory ................................
2.4
1.9
2.2
2.9
22.2%
Percent Under Contract ........................................
50.0%
52.2%
40.7%
34.6%
-30.8%
Average Median Price for Last 12 Months ........
$678,154
$764,500
$808,333
$771,538
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$770
OCT
$822,000
NOV DEC
MEDIAN SALES PRICE
JAN
$464
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Woodland Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$650,000
$635,000
$670,000
$745,000
14.6%
Average Price per Square Foot ...........................
$315
$342
$309
$352
11.7%
Properties Sold .......................................................
65
46
66
49
-24.6%
Properties Pending Sale .......................................
57
72
56
69
21.1%
Properties For Sale ................................................
163
145
174
191
17.2%
Days on Market (Pending Sale) ...........................
62
55
65
69
11.3%
Month’s Supply of Inventory ................................
2.5
3.2
2.6
3.9
55.4%
Percent Under Contract ........................................
35.0%
49.7%
32.2%
36.1%
3.3%
Average Median Price for Last 12 Months ........
$599,462
$698,167
$709,667
$673,308
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$650
OCT
$745,000
NOV DEC
MEDIAN SALES PRICE
JAN
$352
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$745 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$916,364
$1,033,545
$965,273
$967,909
5.6%
Average Price per Square Foot ...........................
$455
$496
$504
$521
14.4%
Properties Sold .......................................................
266
257
279
264
-0.8%
Properties Pending Sale .......................................
312
275
293
305
-2.2%
Properties For Sale ................................................
663
509
674
722
8.9%
Days on Market (Pending Sale) ...........................
46
54
39
51
10.3%
Month’s Supply of Inventory ................................
2.5
2
2.4
2.7
9.7%
Percent Under Contract ........................................
47.1%
54.0%
43.5%
42.2%
-10.2%
Average Median Price for Last 12 Months ........
$815,245
$948,500
$954,333
$927,573
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$916
OCT
$967,909
NOV DEC
MEDIAN SALES PRICE
JAN
$521
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$967 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Altadena DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$660,000
$550,000
$615,000
$605,000
-8.3%
Average Price per Square Foot ...........................
$381
$358
$408
$409
7.3%
Properties Sold .......................................................
42
33
29
36
-14.3%
Properties Pending Sale .......................................
41
41
31
38
-7.3%
Properties For Sale ................................................
61
43
64
82
34.4%
Days on Market (Pending Sale) ...........................
40
51
30
55
37.5%
Month’s Supply of Inventory ................................
1.5
1.3
2.2
2.3
56.8%
Percent Under Contract ........................................
67.2%
95.3%
48.4%
46.3%
-31.1%
Average Median Price for Last 12 Months ........
$551,308
$606,667
$600,000
$582,923
5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$660
OCT
$605,000
NOV DEC
MEDIAN SALES PRICE
JAN
$409
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Arcadia DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,350,000
$1,388,000
$1,312,000
$1,310,000
-3.0%
Average Price per Square Foot ...........................
$572
$597
$615
$544
-4.9%
Properties Sold .......................................................
35
45
54
31
-11.4%
Properties Pending Sale .......................................
40
36
37
49
22.5%
Properties For Sale ................................................
122
91
142
172
41.0%
Days on Market (Pending Sale) ...........................
54
48
41
59
9.3%
Month’s Supply of Inventory ................................
3.5
2
2.6
5.5
59.2%
Percent Under Contract ........................................
32.8%
39.6%
26.1%
28.5%
-13.1%
Average Median Price for Last 12 Months ........
$1,142,846
$1,335,833
$1,311,667
$1,379,846
20.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.350
OCT
$1,310,000
NOV DEC
MEDIAN SALES PRICE
JAN
$544
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.310 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Duarte DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$372,000
$540,000
$423,000
$423,000
13.7%
Average Price per Square Foot ...........................
$300
$279
$324
$304
1.3%
Properties Sold .......................................................
7
11
10
11
57.1%
Properties Pending Sale .......................................
12
11
12
15
25.0%
Properties For Sale ................................................
21
18
26
34
61.9%
Days on Market (Pending Sale) ...........................
56
58
49
56
0.0%
Month’s Supply of Inventory ................................
3
1.6
2.6
3.1
3.0%
Percent Under Contract ........................................
57.1%
61.1%
46.2%
44.1%
-22.8%
Average Median Price for Last 12 Months ........
$356,077
$417,500
$424,333
$407,385
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$372
OCT
$423,000
NOV DEC
MEDIAN SALES PRICE
JAN
$304
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Eagle Rock DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$572,000
$745,000
$530,000
$569,000
-0.5%
Average Price per Square Foot ...........................
$310
$388
$418
$521
68.1%
Properties Sold .......................................................
2
3
3
3
50.0%
Properties Pending Sale .......................................
6
3
4
7
16.7%
Properties For Sale ................................................
12
15
10
12
0.0%
Days on Market (Pending Sale) ...........................
37
44
37
68
83.8%
Month’s Supply of Inventory ................................
6
5
3.3
4
-33.3%
Percent Under Contract ........................................
50.0%
20.0%
40.0%
58.3%
16.7%
Average Median Price for Last 12 Months ........
$529,692
$631,333
$629,333
$613,769
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$572
OCT
$569,000
NOV DEC
MEDIAN SALES PRICE
JAN
$521
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$569 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
La Canada Flintridge DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,230,000
$1,560,000
$1,381,000
$1,290,000
4.9%
Average Price per Square Foot ...........................
$505
$573
$553
$571
13.1%
Properties Sold .......................................................
20
20
20
13
-35.0%
Properties Pending Sale .......................................
23
20
23
13
-43.5%
Properties For Sale ................................................
54
36
57
49
-9.3%
Days on Market (Pending Sale) ...........................
54
79
37
57
5.6%
Month’s Supply of Inventory ................................
2.7
1.8
2.8
3.8
39.6%
Percent Under Contract ........................................
42.6%
55.6%
40.4%
26.5%
-37.7%
Average Median Price for Last 12 Months ........
$1,239,154
$1,292,333
$1,278,333
$1,287,077
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.230
OCT
$1,290,000
NOV DEC
MEDIAN SALES PRICE
JAN
$571
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.290 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Monrovia DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$525,000
$562,000
$653,000
$637,000
21.3%
Average Price per Square Foot ...........................
$393
$435
$414
$395
0.5%
Properties Sold .......................................................
19
18
26
28
47.4%
Properties Pending Sale .......................................
31
25
31
31
0.0%
Properties For Sale ................................................
62
61
60
58
-6.5%
Days on Market (Pending Sale) ...........................
62
55
44
53
-14.5%
Month’s Supply of Inventory ................................
3.3
3.4
2.3
2.1
-36.5%
Percent Under Contract ........................................
50.0%
41.0%
51.7%
53.4%
6.9%
Average Median Price for Last 12 Months ........
$521,615
$622,500
$635,667
$575,385
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$525
OCT
$637,000
NOV DEC
MEDIAN SALES PRICE
JAN
$395
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$637 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Pasadena DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$722,000
$740,000
$795,000
$795,000
10.1%
Average Price per Square Foot ...........................
$441
$496
$515
$524
18.8%
Properties Sold .......................................................
83
75
70
71
-14.5%
Properties Pending Sale .......................................
98
96
92
83
-15.3%
Properties For Sale ................................................
190
145
185
191
0.5%
Days on Market (Pending Sale) ...........................
50
60
40
48
-4.0%
Month’s Supply of Inventory ................................
2.3
1.9
2.6
2.7
17.5%
Percent Under Contract ........................................
51.6%
66.2%
49.7%
43.5%
-15.7%
Average Median Price for Last 12 Months ........
$650,538
$781,000
$769,000
$731,154
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$722
OCT
$795,000
NOV DEC
MEDIAN SALES PRICE
JAN
$524
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
San Gabriel DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$685,000
$705,000
$635,000
$710,000
3.6%
Average Price per Square Foot ...........................
$388
$400
$403
$414
6.7%
Properties Sold .......................................................
28
24
34
35
25.0%
Properties Pending Sale .......................................
24
22
22
31
29.2%
Properties For Sale ................................................
73
53
56
59
-19.2%
Days on Market (Pending Sale) ...........................
46
51
41
39
-15.2%
Month’s Supply of Inventory ................................
2.6
2.2
1.6
1.7
-35.3%
Percent Under Contract ........................................
32.9%
41.5%
39.3%
52.5%
59.8%
Average Median Price for Last 12 Months ........
$576,308
$689,333
$704,000
$666,308
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$685
OCT
$710,000
NOV DEC
MEDIAN SALES PRICE
JAN
$414
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
1.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
San Marino DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,174,000
$2,579,000
$2,186,000
$2,397,000
10.3%
Average Price per Square Foot ...........................
$797
$838
$862
$1,037
30.1%
Properties Sold .......................................................
14
11
11
11
-21.4%
Properties Pending Sale .......................................
16
10
12
11
-31.2%
Properties For Sale ................................................
21
11
24
24
14.3%
Days on Market (Pending Sale) ...........................
47
42
26
40
-14.9%
Month’s Supply of Inventory ................................
1.5
1
2.2
2.2
45.5%
Percent Under Contract ........................................
76.2%
90.9%
50.0%
45.8%
-39.8%
Average Median Price for Last 12 Months ........
$1,707,615
$2,135,500
$2,194,667
$2,103,923
23.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.174
OCT
$2,397,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,037
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.397 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Sierra Madre DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$906,000
$960,000
$788,000
$922,000
1.8%
Average Price per Square Foot ...........................
$421
$479
$384
$468
11.2%
Properties Sold .......................................................
6
9
11
14
133.3%
Properties Pending Sale .......................................
9
3
14
10
11.1%
Properties For Sale ................................................
32
17
23
16
-50.0%
Days on Market (Pending Sale) ...........................
28
60
65
48
71.4%
Month’s Supply of Inventory ................................
5.3
1.9
2.1
1.1
-78.6%
Percent Under Contract ........................................
28.1%
17.6%
60.9%
62.5%
122.2%
Average Median Price for Last 12 Months ........
$739,462
$828,667
$845,333
$856,538
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$906
OCT
$922,000
NOV DEC
MEDIAN SALES PRICE
JAN
$468
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
1.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$922 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
South Pasadena DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$884,000
$1,040,000
$1,300,000
$989,000
11.9%
Average Price per Square Foot ...........................
$501
$615
$652
$544
8.6%
Properties Sold .......................................................
10
8
11
11
10.0%
Properties Pending Sale .......................................
12
8
15
17
41.7%
Properties For Sale ................................................
15
19
27
25
66.7%
Days on Market (Pending Sale) ...........................
31
48
17
34
9.7%
Month’s Supply of Inventory ................................
1.5
2.4
2.5
2.3
51.5%
Percent Under Contract ........................................
80.0%
42.1%
55.6%
68.0%
-15.0%
Average Median Price for Last 12 Months ........
$956,154
$1,092,833
$1,105,333
$999,000
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$884
OCT
$989,000
NOV DEC
MEDIAN SALES PRICE
JAN
$544
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$989 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : September 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : September 2014
telesproperties.com
Orange County DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$645,000
$650,000
$684,950
$680,000
5.4%
Average Price per Square Foot ...........................
$392
$391
$403
$431
9.9%
Properties Sold .......................................................
1519
1384
1686
1473
-3.0%
Properties Pending Sale .......................................
1395
1710
1703
1510
8.2%
Properties For Sale ................................................
7,191
6,660
7,619
7,560
5.1%
Days on Market (Pending Sale) ...........................
66
64
55
64
-3.0%
Month’s Supply of Inventory ................................
4.7
4.8
4.5
5.1
8.4%
Percent Under Contract ........................................
19.4%
25.7%
22.4%
20.0%
3.0%
Average Median Price for Last 12 Months ........
$593,000
$678,492
$678,333
$663,088
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$645
OCT
$680,000
NOV DEC
MEDIAN SALES PRICE
JAN
$431
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Aliso Viejo DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$660,000
$662,500
$742,000
$697,500
5.7%
Average Price per Square Foot ...........................
$346
$343
$344
$362
4.6%
Properties Sold .......................................................
19
16
20
16
-15.8%
Properties Pending Sale .......................................
15
29
19
25
66.7%
Properties For Sale ................................................
60
79
86
91
51.7%
Days on Market (Pending Sale) ...........................
68
71
42
60
-11.8%
Month’s Supply of Inventory ................................
3.2
4.9
4.3
5.7
80.1%
Percent Under Contract ........................................
25.0%
36.7%
22.1%
27.5%
9.9%
Average Median Price for Last 12 Months ........
$655,000
$734,000
$744,500
$717,269
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$660
OCT
$697,500
NOV DEC
MEDIAN SALES PRICE
JAN
$362
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$697 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Balboa Peninsula DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,645,000
$2,065,000
$2,625,000
$1,950,000
-26.3%
Average Price per Square Foot ...........................
$994
$736
$1,468
$1,303
31.1%
Properties Sold .......................................................
6
3
6
3
-50.0%
Properties Pending Sale .......................................
6
5
6
4
-33.3%
Properties For Sale ................................................
50
38
47
43
-14.0%
Days on Market (Pending Sale) ...........................
234
130
74
39
-83.3%
Month’s Supply of Inventory ................................
8.3
12.7
7.8
14.3
72.0%
Percent Under Contract ........................................
12.0%
13.2%
12.8%
9.3%
-22.5%
Average Median Price for Last 12 Months ........
$2,067,000
$2,732,083
$1,955,833
$2,839,923
37.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.645
OCT
$1,950,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,303
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
14.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,500,000
$2,835,000
$1,825,000
$1,792,500
-28.3%
Average Price per Square Foot ...........................
$993
$1,008
$923
$1,028
3.5%
Properties Sold .......................................................
13
9
12
16
23.1%
Properties Pending Sale .......................................
11
14
12
11
0.0%
Properties For Sale ................................................
74
57
74
80
8.1%
Days on Market (Pending Sale) ...........................
76
58
100
94
23.7%
Month’s Supply of Inventory ................................
5.7
6.3
6.2
5
-12.2%
Percent Under Contract ........................................
14.9%
24.6%
16.2%
13.8%
-7.5%
Average Median Price for Last 12 Months ........
$2,099,000
$2,147,333
$1,934,167
$2,376,096
13.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.500
SEP OCT
$1,792,500
NOV DEC
MEDIAN SALES PRICE
JAN
$1,028
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.792 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Coto de Caza DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$987,000
$1,121,000
$1,275,000
$1,105,000
12.0%
Average Price per Square Foot ...........................
$321
$321
$372
$335
4.4%
Properties Sold .......................................................
16
18
13
11
-31.2%
Properties Pending Sale .......................................
16
22
21
25
56.2%
Properties For Sale ................................................
130
121
156
143
10.0%
Days on Market (Pending Sale) ...........................
140
48
92
74
-47.1%
Month’s Supply of Inventory ................................
8.1
6.7
12
13
60.0%
Percent Under Contract ........................................
12.3%
18.2%
13.5%
17.5%
42.0%
Average Median Price for Last 12 Months ........
$975,000
$1,160,250
$1,116,667
$1,129,769
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$987
OCT
$1,105,000
NOV DEC
MEDIAN SALES PRICE
JAN
$335
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
13 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.105 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Crystal Cove DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$5,787,500
$3,880,000
$4,850,000
$8,750,000
51.2%
Average Price per Square Foot ...........................
$1,072
$1,125
$814
$1,134
5.8%
Properties Sold .......................................................
2
3
1
3
50.0%
Properties Pending Sale .......................................
3
4
2
4
33.3%
Properties For Sale ................................................
23
21
24
25
8.7%
Days on Market (Pending Sale) ...........................
118
104
40
124
5.1%
Month’s Supply of Inventory ................................
11.5
7
24
8.3
-27.5%
Percent Under Contract ........................................
13.0%
19.0%
8.3%
16.0%
22.7%
Average Median Price for Last 12 Months ........
$4,683,000
$5,329,000
$5,858,333
$4,910,346
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$5.787
OCT
$8,750,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,134
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$8.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Dana Point DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,060,000
$909,950
$802,500
$866,250
-18.3%
Average Price per Square Foot ...........................
$566
$566
$564
$622
9.9%
Properties Sold .......................................................
34
20
30
38
11.8%
Properties Pending Sale .......................................
30
29
41
33
10.0%
Properties For Sale ................................................
200
158
217
183
-8.5%
Days on Market (Pending Sale) ...........................
78
38
82
75
-3.8%
Month’s Supply of Inventory ................................
5.9
7.9
7.2
4.8
-18.1%
Percent Under Contract ........................................
15.0%
18.4%
18.9%
18.0%
20.2%
Average Median Price for Last 12 Months ........
$835,000
$883,858
$896,217
$898,085
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.060
SEP OCT
$866,250
NOV DEC
MEDIAN SALES PRICE
JAN
$622
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$866 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
East Bluff - Harbor View DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,737,500
$1,725,000
$1,612,500
$1,282,000
-26.2%
Average Price per Square Foot ...........................
$650
$627
$677
$672
3.4%
Properties Sold .......................................................
16
10
24
21
31.2%
Properties Pending Sale .......................................
18
22
32
16
-11.1%
Properties For Sale ................................................
77
94
134
117
51.9%
Days on Market (Pending Sale) ...........................
50
65
69
74
48.0%
Month’s Supply of Inventory ................................
4.8
9.4
5.6
5.6
15.8%
Percent Under Contract ........................................
23.4%
23.4%
23.9%
13.7%
-41.5%
Average Median Price for Last 12 Months ........
$1,551,000
$1,684,583
$1,639,333
$1,679,673
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.737
SEP OCT
$1,282,000
NOV DEC
MEDIAN SALES PRICE
JAN
$672
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
East Costa Mesa DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$858,750
$925,000
$850,000
$765,000
-10.9%
Average Price per Square Foot ...........................
$494
$545
$527
$457
-7.5%
Properties Sold .......................................................
10
14
20
14
40.0%
Properties Pending Sale .......................................
17
19
18
15
-11.8%
Properties For Sale ................................................
62
73
76
75
21.0%
Days on Market (Pending Sale) ...........................
62
42
38
70
12.9%
Month’s Supply of Inventory ................................
6.2
5.2
3.8
5.4
-13.6%
Percent Under Contract ........................................
27.4%
26.0%
23.7%
20.0%
-27.1%
Average Median Price for Last 12 Months ........
$797,000
$875,782
$877,500
$864,157
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$858
OCT
$765,000
NOV DEC
MEDIAN SALES PRICE
JAN
$457
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Fountain Valley DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$623,000
$654,000
$653,500
$655,000
5.1%
Average Price per Square Foot ...........................
$336
$360
$345
$351
4.5%
Properties Sold .......................................................
17
26
19
29
70.6%
Properties Pending Sale .......................................
22
31
34
28
27.3%
Properties For Sale ................................................
74
69
101
72
-2.7%
Days on Market (Pending Sale) ...........................
37
36
49
49
32.4%
Month’s Supply of Inventory ................................
4.4
2.7
5.3
2.5
-43.0%
Percent Under Contract ........................................
29.7%
44.9%
33.7%
38.9%
30.8%
Average Median Price for Last 12 Months ........
$608,000
$680,167
$680,833
$665,577
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$623
OCT
$655,000
NOV DEC
MEDIAN SALES PRICE
JAN
$351
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Huntington Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$749,000
$750,000
$742,500
$750,000
0.1%
Average Price per Square Foot ...........................
$398
$416
$427
$450
13.1%
Properties Sold .......................................................
113
95
112
111
-1.8%
Properties Pending Sale .......................................
123
130
97
106
-13.8%
Properties For Sale ................................................
402
407
448
422
5.0%
Days on Market (Pending Sale) ...........................
51
66
52
68
33.3%
Month’s Supply of Inventory ................................
3.6
4.3
4
3.8
6.9%
Percent Under Contract ........................................
30.6%
31.9%
21.7%
25.1%
-17.9%
Average Median Price for Last 12 Months ........
$675,000
$738,808
$740,000
$737,258
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$749
OCT
$750,000
NOV DEC
MEDIAN SALES PRICE
JAN
$450
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Irvine DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$907,000
$922,500
$934,000
$959,800
5.8%
Average Price per Square Foot ...........................
$432
$460
$458
$464
7.4%
Properties Sold .......................................................
96
80
91
81
-15.6%
Properties Pending Sale .......................................
88
99
46
79
-10.2%
Properties For Sale ................................................
370
359
483
445
20.3%
Days on Market (Pending Sale) ...........................
50
42
55
66
32.0%
Month’s Supply of Inventory ................................
3.9
4.5
5.3
5.5
42.5%
Percent Under Contract ........................................
23.8%
27.6%
9.5%
17.8%
-25.4%
Average Median Price for Last 12 Months ........
$851,000
$910,633
$911,600
$901,538
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$907
OCT
$959,800
NOV DEC
MEDIAN SALES PRICE
JAN
$464
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$959 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Ladera Ranch DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$817,500
$870,153
$885,762
$1,069,000
30.8%
Average Price per Square Foot ...........................
$310
$304
$326
$317
2.3%
Properties Sold .......................................................
30
27
44
19
-36.7%
Properties Pending Sale .......................................
20
23
28
20
0.0%
Properties For Sale ................................................
128
114
158
140
9.4%
Days on Market (Pending Sale) ...........................
55
30
62
69
25.5%
Month’s Supply of Inventory ................................
4.3
4.2
3.6
7.4
72.7%
Percent Under Contract ........................................
15.6%
20.2%
17.7%
14.3%
-8.6%
Average Median Price for Last 12 Months ........
$776,000
$870,044
$936,333
$866,570
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$817
OCT
$1,069,000
NOV DEC
MEDIAN SALES PRICE
JAN
$317
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.069 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Laguna Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,577,500
$2,272,500
$1,660,000
$2,000,000
26.8%
Average Price per Square Foot ...........................
$834
$888
$1,029
$1,227
47.1%
Properties Sold .......................................................
32
24
34
35
9.4%
Properties Pending Sale .......................................
31
40
44
33
6.5%
Properties For Sale ................................................
266
254
275
268
0.8%
Days on Market (Pending Sale) ...........................
109
102
93
103
-5.5%
Month’s Supply of Inventory ................................
8.3
10.6
8.1
7.7
-7.9%
Percent Under Contract ........................................
11.7%
15.7%
16.0%
12.3%
5.7%
Average Median Price for Last 12 Months ........
$1,552,000
$1,962,833
$2,091,667
$1,919,769
23.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.577
OCT
$2,000,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,227
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.000 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 : September 2014
telesproperties.com
Laguna Niguel DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$760,000
$789,000
$784,000
$822,500
8.2%
Average Price per Square Foot ...........................
$390
$431
$390
$428
9.7%
Properties Sold .......................................................
54
51
59
62
14.8%
Properties Pending Sale .......................................
48
69
56
56
16.7%
Properties For Sale ................................................
212
271
348
333
57.1%
Days on Market (Pending Sale) ...........................
48
40
53
77
60.4%
Month’s Supply of Inventory ................................
3.9
5.3
5.9
5.4
36.8%
Percent Under Contract ........................................
22.6%
25.5%
16.1%
16.8%
-25.7%
Average Median Price for Last 12 Months ........
$723,000
$807,825
$814,167
$799,335
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$760
OCT
$822,500
NOV DEC
MEDIAN SALES PRICE
JAN
$428
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Laguna Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$610,000
$675,000
$757,500
$787,500
29.1%
Average Price per Square Foot ...........................
$336
$334
$375
$355
5.7%
Properties Sold .......................................................
21
19
18
22
4.8%
Properties Pending Sale .......................................
16
25
31
19
18.8%
Properties For Sale ................................................
91
95
111
111
22.0%
Days on Market (Pending Sale) ...........................
40
67
57
62
55.0%
Month’s Supply of Inventory ................................
4.3
5
6.2
5
16.4%
Percent Under Contract ........................................
17.6%
26.3%
27.9%
17.1%
-2.6%
Average Median Price for Last 12 Months ........
$679,000
$761,233
$831,833
$726,915
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$610
OCT
$787,500
NOV DEC
MEDIAN SALES PRICE
JAN
$355
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Laguna Woods DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$587,000
$772,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$402
$432
$0
$0
-100.0%
Properties Sold .......................................................
2
1
0
0
-100.0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
1
0
0
0
-100.0%
Days on Market (Pending Sale) ...........................
59
0
0
0
-100.0%
Month’s Supply of Inventory ................................
0.5
0
0
0
0%
Percent Under Contract ........................................
100.0%
0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$592,000
$0
$0
$634,333
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$587
OCT
No sales
NOV DEC
MEDIAN SALES PRICE
JAN
No sales
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
No sales MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$3,912,500
$4,600,000
$3,547,500
$1,575,000
-59.7%
Average Price per Square Foot ...........................
$1,179
$1,704
$1,245
$1,476
25.2%
Properties Sold .......................................................
8
1
6
5
-37.5%
Properties Pending Sale .......................................
2
6
3
3
50.0%
Properties For Sale ................................................
35
49
48
40
14.3%
Days on Market (Pending Sale) ...........................
2
64
86
73
3550.0%
Month’s Supply of Inventory ................................
4.4
49
8
8
82.9%
Percent Under Contract ........................................
5.7%
12.2%
6.2%
7.5%
31.2%
Average Median Price for Last 12 Months ........
$2,594,000
$3,100,433
$3,166,667
$3,059,027
17.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.912
SEP OCT
$1,575,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,476
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.575 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 : September 2014
telesproperties.com
Mission Viejo DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$597,000
$615,000
$660,000
$625,000
4.7%
Average Price per Square Foot ...........................
$309
$318
$319
$320
3.6%
Properties Sold .......................................................
82
68
93
84
2.4%
Properties Pending Sale .......................................
81
79
82
59
-27.2%
Properties For Sale ................................................
286
267
312
298
4.2%
Days on Market (Pending Sale) ...........................
48
50
50
49
2.1%
Month’s Supply of Inventory ................................
3.5
3.9
3.4
3.5
1.7%
Percent Under Contract ........................................
28.3%
29.6%
26.3%
19.8%
-30.1%
Average Median Price for Last 12 Months ........
$573,000
$639,417
$630,000
$631,038
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$597
OCT
$625,000
NOV DEC
MEDIAN SALES PRICE
JAN
$320
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Newport Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,912,500
$1,849,500
$1,680,000
$1,950,000
2.0%
Average Price per Square Foot ...........................
$808
$726
$784
$875
8.3%
Properties Sold .......................................................
46
32
64
49
6.5%
Properties Pending Sale .......................................
47
67
71
38
-19.1%
Properties For Sale ................................................
306
323
387
348
13.7%
Days on Market (Pending Sale) ...........................
79
62
69
70
-11.4%
Month’s Supply of Inventory ................................
6.7
10.1
6
7.1
6.8%
Percent Under Contract ........................................
15.4%
20.7%
18.3%
10.9%
-28.9%
Average Median Price for Last 12 Months ........
$1,609,000
$1,840,333
$1,850,000
$1,835,692
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.912
OCT
$1,950,000
NOV DEC
MEDIAN SALES PRICE
JAN
$875
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Newport Coast DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$3,102,500
$2,747,500
$4,280,000
$4,389,900
41.5%
Average Price per Square Foot ...........................
$801
$828
$744
$952
18.9%
Properties Sold .......................................................
18
14
7
12
-33.3%
Properties Pending Sale .......................................
11
16
14
14
27.3%
Properties For Sale ................................................
91
89
109
98
7.7%
Days on Market (Pending Sale) ...........................
59
51
50
112
89.8%
Month’s Supply of Inventory ................................
5.1
6.4
15.6
8.2
61.5%
Percent Under Contract ........................................
12.1%
18.0%
12.8%
14.3%
18.2%
Average Median Price for Last 12 Months ........
$2,772,000
$3,299,442
$3,284,133
$3,053,781
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$3.102
OCT
$4,389,900
NOV DEC
MEDIAN SALES PRICE
JAN
$952
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$4.389 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Newport Heights DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,650,000
$1,590,000
$1,925,000
$2,600,000
57.6%
Average Price per Square Foot ...........................
$634
$764
$633
$753
18.8%
Properties Sold .......................................................
5
4
9
5
0.0%
Properties Pending Sale .......................................
4
15
6
0
-100.0%
Properties For Sale ................................................
35
36
33
34
-2.9%
Days on Market (Pending Sale) ...........................
97
56
43
0
-100.0%
Month’s Supply of Inventory ................................
7
9
3.7
6.8
-2.9%
Percent Under Contract ........................................
11.4%
41.7%
18.2%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,460,000
$2,106,636
$2,066,150
$1,857,433
27.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.650
OCT
$2,600,000
NOV DEC
MEDIAN SALES PRICE
JAN
$753
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Rancho Santa Margarita DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$650,000
$612,000
$665,000
$650,000
0.0%
Average Price per Square Foot ...........................
$306
$319
$318
$313
2.3%
Properties Sold .......................................................
35
41
51
41
17.1%
Properties Pending Sale .......................................
37
38
45
34
-8.1%
Properties For Sale ................................................
147
131
180
193
31.3%
Days on Market (Pending Sale) ...........................
53
45
50
61
15.1%
Month’s Supply of Inventory ................................
4.2
3.2
3.5
4.7
12.1%
Percent Under Contract ........................................
25.2%
29.0%
25.0%
17.6%
-30.0%
Average Median Price for Last 12 Months ........
$591,000
$653,065
$649,963
$645,722
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$650
OCT
$650,000
NOV DEC
MEDIAN SALES PRICE
JAN
$313
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
San Clemente DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$837,500
$816,000
$793,750
$820,000
-2.1%
Average Price per Square Foot ...........................
$357
$371
$383
$375
5.0%
Properties Sold .......................................................
56
40
56
58
3.6%
Properties Pending Sale .......................................
44
80
60
72
63.6%
Properties For Sale ................................................
303
281
331
356
17.5%
Days on Market (Pending Sale) ...........................
76
58
69
72
-5.3%
Month’s Supply of Inventory ................................
5.4
7
5.9
6.1
13.4%
Percent Under Contract ........................................
14.5%
28.5%
18.1%
20.2%
39.3%
Average Median Price for Last 12 Months ........
$776,000
$830,750
$840,000
$819,769
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$837
OCT
$820,000
NOV DEC
MEDIAN SALES PRICE
JAN
$375
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
San Juan Capistrano DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$925,000
$815,000
$700,000
$829,388
-10.3%
Average Price per Square Foot ...........................
$315
$373
$338
$339
7.6%
Properties Sold .......................................................
24
27
31
16
-33.3%
Properties Pending Sale .......................................
22
28
35
24
9.1%
Properties For Sale ................................................
153
132
153
167
9.2%
Days on Market (Pending Sale) ...........................
94
87
55
69
-26.6%
Month’s Supply of Inventory ................................
6.4
4.9
4.9
10.4
63.7%
Percent Under Contract ........................................
14.4%
21.2%
22.9%
14.4%
-0.1%
Average Median Price for Last 12 Months ........
$726,000
$728,231
$714,796
$826,184
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$925
OCT
$829,388
NOV DEC
MEDIAN SALES PRICE
JAN
$339
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
10.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$829 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Shady Canyon DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$0
$5,619,000
$4,050,000
$0
0%
Average Price per Square Foot ...........................
$0
$677
$694
$0
0%
Properties Sold .......................................................
0
2
1
0
0%
Properties Pending Sale .......................................
0
2
0
1
0%
Properties For Sale ................................................
9
6
3
4
-55.6%
Days on Market (Pending Sale) ...........................
0
275
0
245
0%
Month’s Supply of Inventory ................................
0
3
3
0
0%
Percent Under Contract ........................................
0.0%
33.3%
0.0%
25.0%
0%
Average Median Price for Last 12 Months ........
$5,578,000
$3,950,000
$0
$4,954,750
-11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP OCT
No sales
NOV DEC
MEDIAN SALES PRICE
JAN
No sales
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
No sales MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Turtle Ridge DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$0
$2,075,000
$1,700,000
$2,488,000
0%
Average Price per Square Foot ...........................
$0
$602
$656
$686
0%
Properties Sold .......................................................
0
4
5
5
0%
Properties Pending Sale .......................................
2
1
1
5
150.0%
Properties For Sale ................................................
26
28
34
33
26.9%
Days on Market (Pending Sale) ...........................
88
149
109
82
-6.8%
Month’s Supply of Inventory ................................
0
7
6.8
6.6
0%
Percent Under Contract ........................................
7.7%
3.6%
2.9%
15.2%
97.0%
Average Median Price for Last 12 Months ........
$2,098,000
$2,588,567
$2,529,333
$2,503,041
19.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP OCT
$2,488,000
NOV DEC
MEDIAN SALES PRICE
JAN
$686
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.488 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Turtle Rock DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,040,400
$1,390,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$499
$532
$0
$0
-100.0%
Properties Sold .......................................................
5
3
0
0
-100.0%
Properties Pending Sale .......................................
0
1
0
0
0%
Properties For Sale ................................................
12
5
3
6
-50.0%
Days on Market (Pending Sale) ...........................
0
1
0
0
0%
Month’s Supply of Inventory ................................
2.4
1.7
0
0
0%
Percent Under Contract ........................................
0.0%
20.0%
0.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$1,259,000
$0
$0
$1,754,058
39.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.040
OCT
No sales
NOV DEC
MEDIAN SALES PRICE
JAN
No sales
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
No sales MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Westminster DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$485,000
$495,000
$529,944
$523,500
7.9%
Average Price per Square Foot ...........................
$300
$330
$314
$335
11.7%
Properties Sold .......................................................
35
31
34
28
-20.0%
Properties Pending Sale .......................................
43
48
41
35
-18.6%
Properties For Sale ................................................
117
124
129
118
0.9%
Days on Market (Pending Sale) ...........................
40
42
62
55
37.5%
Month’s Supply of Inventory ................................
3.3
4
3.8
4.2
26.1%
Percent Under Contract ........................................
36.8%
38.7%
31.8%
29.7%
-19.3%
Average Median Price for Last 12 Months ........
$460,000
$532,407
$532,833
$517,650
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$485
OCT
$523,500
NOV DEC
MEDIAN SALES PRICE
JAN
$335
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$523 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,432,500
$1,800,000
$1,700,000
$1,779,500
24.2%
Average Price per Square Foot ...........................
$574
$496
$578
$684
19.2%
Properties Sold .......................................................
8
8
13
6
-25.0%
Properties Pending Sale .......................................
12
15
14
11
-8.3%
Properties For Sale ................................................
60
59
67
63
5.0%
Days on Market (Pending Sale) ...........................
60
51
51
65
8.3%
Month’s Supply of Inventory ................................
7.5
7.4
5.2
10.5
40.0%
Percent Under Contract ........................................
20.0%
25.4%
20.9%
17.5%
-12.7%
Average Median Price for Last 12 Months ........
$1,291,000
$1,461,375
$1,482,750
$1,525,904
18.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.432
OCT
$1,779,500
NOV DEC
MEDIAN SALES PRICE
JAN
$684
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
10.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.779 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 : September 2014
telesproperties.com
West Newport - Lido DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$3,587,500
$3,087,000
$1,437,500
$2,250,000
-37.3%
Average Price per Square Foot ...........................
$1,404
$1,232
$942
$1,178
-16.1%
Properties Sold .......................................................
2
6
6
9
350.0%
Properties Pending Sale .......................................
5
4
10
4
-20.0%
Properties For Sale ................................................
49
47
58
48
-2.0%
Days on Market (Pending Sale) ...........................
55
22
98
96
74.5%
Month’s Supply of Inventory ................................
24.5
7.8
9.7
5.3
-78.2%
Percent Under Contract ........................................
10.2%
8.5%
17.2%
8.3%
-18.3%
Average Median Price for Last 12 Months ........
$1,872,000
$2,188,750
$2,132,500
$2,164,550
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.587
SEP OCT
$2,250,000
NOV DEC
MEDIAN SALES PRICE
JAN
$1,178
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : September 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : September 2014
telesproperties.com
Carpinteria DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$675,000
$901,000
$3,875,000
$949,000
40.6%
Average Price per Square Foot ...........................
$824
$1,297
$1,061
$654
-20.6%
Properties Sold .......................................................
9
4
7
7
-22.2%
Properties Pending Sale .......................................
7
13
9
7
0.0%
Properties For Sale ................................................
54
44
45
46
-14.8%
Days on Market (Pending Sale) ...........................
156
36
99
94
-39.7%
Month’s Supply of Inventory ................................
6
11
6.4
6.6
9.5%
Percent Under Contract ........................................
13.0%
29.5%
20.0%
15.2%
17.4%
Average Median Price for Last 12 Months ........
$996,000
$1,509,625
$1,209,833
$1,412,421
41.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$675
OCT
$949,000
NOV DEC
MEDIAN SALES PRICE
JAN
$654
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Goleta DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$775,000
$720,000
$869,000
$885,000
14.2%
Average Price per Square Foot ...........................
$442
$455
$473
$499
12.9%
Properties Sold .......................................................
15
10
5
8
-46.7%
Properties Pending Sale .......................................
7
17
9
6
-14.3%
Properties For Sale ................................................
32
31
28
27
-15.6%
Days on Market (Pending Sale) ...........................
17
24
23
36
111.8%
Month’s Supply of Inventory ................................
2.1
3.1
5.6
3.4
58.2%
Percent Under Contract ........................................
21.9%
54.8%
32.1%
22.2%
1.6%
Average Median Price for Last 12 Months ........
$719,000
$815,667
$826,667
$805,269
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$775
OCT
$885,000
NOV DEC
MEDIAN SALES PRICE
JAN
$499
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Hope Ranch DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,375,000
$5,130,750
$2,150,000
$3,128,000
31.7%
Average Price per Square Foot ...........................
$882
$872
$592
$713
-19.2%
Properties Sold .......................................................
1
4
4
3
200.0%
Properties Pending Sale .......................................
1
1
5
2
100.0%
Properties For Sale ................................................
34
36
36
33
-2.9%
Days on Market (Pending Sale) ...........................
7
29
135
300
4185.7%
Month’s Supply of Inventory ................................
34
9
9
11
-67.6%
Percent Under Contract ........................................
2.9%
2.8%
13.9%
6.1%
106.1%
Average Median Price for Last 12 Months ........
$2,602,000
$2,790,917
$2,844,333
$3,179,327
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.375
OCT
$3,128,000
NOV DEC
MEDIAN SALES PRICE
JAN
$713
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
11 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$3.128 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 : September 2014
telesproperties.com
Montecito DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,575,000
$2,500,000
$3,620,000
$2,400,000
-6.8%
Average Price per Square Foot ...........................
$804
$956
$1,028
$852
6.0%
Properties Sold .......................................................
19
10
25
25
31.6%
Properties Pending Sale .......................................
13
27
17
22
69.2%
Properties For Sale ................................................
189
171
177
166
-12.2%
Days on Market (Pending Sale) ...........................
147
97
79
163
10.9%
Month’s Supply of Inventory ................................
9.9
17.1
7.1
6.6
-33.2%
Percent Under Contract ........................................
6.9%
15.8%
9.6%
13.3%
92.7%
Average Median Price for Last 12 Months ........
$2,418,000
$3,025,500
$3,126,000
$2,650,673
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$2.575
OCT
$2,400,000
NOV DEC
MEDIAN SALES PRICE
JAN
$852
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$2.400 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 : September 2014
telesproperties.com
Santa Barbara East of State DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$970,000
$1,360,000
$1,196,000
$1,300,000
34.0%
Average Price per Square Foot ...........................
$590
$702
$682
$635
7.6%
Properties Sold .......................................................
19
15
26
28
47.4%
Properties Pending Sale .......................................
28
24
33
27
-3.6%
Properties For Sale ................................................
149
104
138
140
-6.0%
Days on Market (Pending Sale) ...........................
38
63
48
38
0.0%
Month’s Supply of Inventory ................................
7.8
6.9
5.3
5
-36.2%
Percent Under Contract ........................................
18.8%
23.1%
23.9%
19.3%
2.6%
Average Median Price for Last 12 Months ........
$957,000
$1,244,333
$1,231,667
$1,179,731
23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$970
OCT
$1,300,000
NOV DEC
MEDIAN SALES PRICE
JAN
$635
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Santa Barbara West of State DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$888,000
$950,000
$850,000
$950,000
7.0%
Average Price per Square Foot ...........................
$568
$750
$598
$693
22.0%
Properties Sold .......................................................
29
15
20
23
-20.7%
Properties Pending Sale .......................................
26
21
23
17
-34.6%
Properties For Sale ................................................
84
63
69
77
-8.3%
Days on Market (Pending Sale) ...........................
45
34
38
36
-20.0%
Month’s Supply of Inventory ................................
2.9
4.2
3.4
3.3
15.6%
Percent Under Contract ........................................
31.0%
33.3%
33.3%
22.1%
-28.7%
Average Median Price for Last 12 Months ........
$779,000
$975,917
$1,029,333
$946,462
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$888
OCT
$950,000
NOV DEC
MEDIAN SALES PRICE
JAN
$693
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Santa Ynez DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$590,000
$590,000
$835,000
$640,000
8.5%
Average Price per Square Foot ...........................
$351
$340
$414
$291
-17.1%
Properties Sold .......................................................
9
13
13
9
0.0%
Properties Pending Sale .......................................
8
13
12
14
75.0%
Properties For Sale ................................................
123
123
121
116
-5.7%
Days on Market (Pending Sale) ...........................
39
61
206
77
97.4%
Month’s Supply of Inventory ................................
13.7
9.5
9.3
12.9
-5.7%
Percent Under Contract ........................................
6.5%
10.6%
9.9%
12.1%
85.6%
Average Median Price for Last 12 Months ........
$673,000
$746,458
$820,417
$716,173
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$590
OCT
$640,000
NOV DEC
MEDIAN SALES PRICE
JAN
$291
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
12.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : September 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : September 2014
telesproperties.com
Carmel DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$1,412,750
$1,250,000
$1,525,000
$1,675,000
18.6%
Average Price per Square Foot ...........................
$828
$813
$733
$906
9.4%
Properties Sold .......................................................
20
20
23
17
-15.0%
Properties Pending Sale .......................................
11
27
21
30
172.7%
Properties For Sale ................................................
168
153
147
145
-13.7%
Days on Market (Pending Sale) ...........................
83
122
81
69
-16.9%
Month’s Supply of Inventory ................................
8.4
7.6
6.4
8.5
1.5%
Percent Under Contract ........................................
6.5%
17.6%
14.3%
20.7%
216.0%
Average Median Price for Last 12 Months ........
$1,229,000
$1,375,417
$1,420,000
$1,394,971
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$1.412
OCT
$1,675,000
NOV DEC
MEDIAN SALES PRICE
JAN
$906
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Carmel Valley DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$970,000
$1,093,750
$745,000
$985,000
1.5%
Average Price per Square Foot ...........................
$328
$406
$442
$390
18.9%
Properties Sold .......................................................
5
10
15
6
20.0%
Properties Pending Sale .......................................
5
24
15
6
20.0%
Properties For Sale ................................................
114
102
102
92
-19.3%
Days on Market (Pending Sale) ...........................
91
93
81
40
-56.0%
Month’s Supply of Inventory ................................
22.8
10.2
6.8
15.3
-32.7%
Percent Under Contract ........................................
4.4%
23.5%
14.7%
6.5%
48.7%
Average Median Price for Last 12 Months ........
$858,000
$889,000
$906,000
$1,022,212
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$970
OCT
$985,000
NOV DEC
MEDIAN SALES PRICE
JAN
$390
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
15.3 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Pacific Grove DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$686,750
$680,202
$730,000
$774,000
12.7%
Average Price per Square Foot ...........................
$434
$481
$765
$528
21.7%
Properties Sold .......................................................
14
12
17
8
-42.9%
Properties Pending Sale .......................................
11
15
13
13
18.2%
Properties For Sale ................................................
66
56
58
66
0.0%
Days on Market (Pending Sale) ...........................
101
51
84
73
-27.7%
Month’s Supply of Inventory ................................
4.7
4.7
3.4
8.2
75.0%
Percent Under Contract ........................................
16.7%
26.8%
22.4%
19.7%
18.2%
Average Median Price for Last 12 Months ........
$652,000
$727,083
$735,000
$728,392
11.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$686
OCT
$774,000
NOV DEC
MEDIAN SALES PRICE
JAN
$528
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$774 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Pebble Beach DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$2,000,000
$1,482,500
$1,282,500
$1,570,000
-21.5%
Average Price per Square Foot ...........................
$759
$510
$438
$735
-3.2%
Properties Sold .......................................................
11
10
6
15
36.4%
Properties Pending Sale .......................................
9
16
8
12
33.3%
Properties For Sale ................................................
95
83
83
84
-11.6%
Days on Market (Pending Sale) ...........................
125
127
183
75
-40.0%
Month’s Supply of Inventory ................................
8.6
8.3
13.8
5.6
-35.2%
Percent Under Contract ........................................
9.5%
19.3%
9.6%
14.3%
50.8%
Average Median Price for Last 12 Months ........
$1,291,000
$1,484,583
$1,610,000
$1,524,594
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.000
SEP OCT
$1,570,000
NOV DEC
MEDIAN SALES PRICE
JAN
$735
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : September 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : September 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$585,000
$645,000
$490,000
$560,000
-4.3%
Average Price per Square Foot ...........................
$443
$531
$488
$539
21.7%
Properties Sold .......................................................
6
6
10
8
33.3%
Properties Pending Sale .......................................
7
8
5
6
-14.3%
Properties For Sale ................................................
34
28
33
37
8.8%
Days on Market (Pending Sale) ...........................
57
42
50
40
-29.8%
Month’s Supply of Inventory ................................
5.7
4.7
3.3
4.6
-18.4%
Percent Under Contract ........................................
20.6%
28.6%
15.2%
16.2%
-21.2%
Average Median Price for Last 12 Months ........
$560,000
$616,750
$611,667
$655,538
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$585
OCT
$560,000
NOV DEC
MEDIAN SALES PRICE
JAN
$539
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.6 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Beverly Hills DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$886,000
$850,000
$883,000
$1,160,000
30.9%
Average Price per Square Foot ...........................
$480
$630
$554
$626
30.4%
Properties Sold .......................................................
6
6
14
13
116.7%
Properties Pending Sale .......................................
8
9
10
7
-12.5%
Properties For Sale ................................................
43
55
58
52
20.9%
Days on Market (Pending Sale) ...........................
39
69
83
71
82.1%
Month’s Supply of Inventory ................................
7.2
9.2
4.1
4
-44.2%
Percent Under Contract ........................................
18.6%
16.4%
17.2%
13.5%
-27.6%
Average Median Price for Last 12 Months ........
$846,000
$1,070,750
$1,124,667
$1,044,885
23.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$886
OCT
$1,160,000
NOV DEC
MEDIAN SALES PRICE
JAN
$626
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Brentwood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$670,000
$841,000
$672,000
$810,000
20.9%
Average Price per Square Foot ...........................
$512
$561
$492
$531
3.7%
Properties Sold .......................................................
20
14
17
23
15.0%
Properties Pending Sale .......................................
12
20
16
13
8.3%
Properties For Sale ................................................
65
83
86
88
35.4%
Days on Market (Pending Sale) ...........................
47
48
32
50
6.4%
Month’s Supply of Inventory ................................
3.2
5.9
5.1
3.8
17.7%
Percent Under Contract ........................................
18.5%
24.1%
18.6%
14.8%
-20.0%
Average Median Price for Last 12 Months ........
$686,000
$754,333
$792,667
$745,000
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$670
OCT
$810,000
NOV DEC
MEDIAN SALES PRICE
JAN
$531
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$810 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Culver City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$397,500
$479,000
$417,750
$425,000
6.9%
Average Price per Square Foot ...........................
$369
$399
$414
$369
0.0%
Properties Sold .......................................................
18
12
18
17
-5.6%
Properties Pending Sale .......................................
9
17
21
15
66.7%
Properties For Sale ................................................
31
39
55
49
58.1%
Days on Market (Pending Sale) ...........................
19
23
31
43
126.3%
Month’s Supply of Inventory ................................
1.7
3.2
3.1
2.9
67.4%
Percent Under Contract ........................................
29.0%
43.6%
38.2%
30.6%
5.4%
Average Median Price for Last 12 Months ........
$365,000
$408,708
$424,833
$410,365
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$397
OCT
$425,000
NOV DEC
MEDIAN SALES PRICE
JAN
$369
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.9 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Encino DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$325,000
$283,000
$262,000
$281,000
-13.5%
Average Price per Square Foot ...........................
$229
$267
$239
$274
19.7%
Properties Sold .......................................................
13
14
18
14
7.7%
Properties Pending Sale .......................................
15
16
14
16
6.7%
Properties For Sale ................................................
24
37
46
48
100.0%
Days on Market (Pending Sale) ...........................
71
71
57
64
-9.9%
Month’s Supply of Inventory ................................
1.8
2.6
2.6
3.4
85.7%
Percent Under Contract ........................................
62.5%
43.2%
30.4%
33.3%
-46.7%
Average Median Price for Last 12 Months ........
$255,000
$287,000
$270,333
$293,154
15.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$325
OCT
$281,000
NOV DEC
MEDIAN SALES PRICE
JAN
$274
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
3.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$281 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Malibu DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$0
$586,000
$785,000
$825,000
0%
Average Price per Square Foot ...........................
$0
$329
$678
$542
0%
Properties Sold .......................................................
0
2
2
3
0%
Properties Pending Sale .......................................
4
4
1
1
-75.0%
Properties For Sale ................................................
26
20
16
26
0.0%
Days on Market (Pending Sale) ...........................
98
177
68
39
-60.2%
Month’s Supply of Inventory ................................
0
10
8
8.7
0%
Percent Under Contract ........................................
15.4%
20.0%
6.2%
3.8%
-75.0%
Average Median Price for Last 12 Months ........
$655,000
$899,833
$838,000
$821,364
25.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP OCT
$825,000
NOV DEC
MEDIAN SALES PRICE
JAN
$542
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8.7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
Marina Del Rey DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$750,156
$702,500
$792,500
$771,000
2.8%
Average Price per Square Foot ...........................
$533
$473
$577
$666
25.0%
Properties Sold .......................................................
18
20
30
18
0.0%
Properties Pending Sale .......................................
18
24
30
37
105.6%
Properties For Sale ................................................
156
135
133
115
-26.3%
Days on Market (Pending Sale) ...........................
87
57
44
74
-14.9%
Month’s Supply of Inventory ................................
8.7
6.8
4.4
6.4
-26.3%
Percent Under Contract ........................................
11.5%
17.8%
22.6%
32.2%
178.8%
Average Median Price for Last 12 Months ........
$681,000
$781,833
$772,000
$749,466
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$750
OCT
$771,000
NOV DEC
MEDIAN SALES PRICE
JAN
$666
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.4 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$771 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Santa Monica DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$850,000
$757,500
$1,170,000
$1,185,400
39.5%
Average Price per Square Foot ...........................
$695
$590
$971
$1,068
53.7%
Properties Sold .......................................................
37
28
56
32
-13.5%
Properties Pending Sale .......................................
31
46
51
38
22.6%
Properties For Sale ................................................
107
126
150
164
53.3%
Days on Market (Pending Sale) ...........................
32
43
35
46
43.8%
Month’s Supply of Inventory ................................
2.9
4.5
2.7
5.1
77.2%
Percent Under Contract ........................................
29.0%
36.5%
34.0%
23.2%
-20.0%
Average Median Price for Last 12 Months ........
$740,000
$981,650
$1,022,633
$865,535
17.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$850
OCT
$1,185,400
NOV DEC
MEDIAN SALES PRICE
JAN
$1,068
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
5.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$1.185 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Sherman Oaks DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$405,000
$401,000
$405,000
$377,000
-6.9%
Average Price per Square Foot ...........................
$302
$325
$315
$311
3.0%
Properties Sold .......................................................
21
16
20
22
4.8%
Properties Pending Sale .......................................
24
22
16
20
-16.7%
Properties For Sale ................................................
26
49
58
47
80.8%
Days on Market (Pending Sale) ...........................
45
79
46
58
28.9%
Month’s Supply of Inventory ................................
1.2
3.1
2.9
2.1
72.6%
Percent Under Contract ........................................
92.3%
44.9%
27.6%
42.6%
-53.9%
Average Median Price for Last 12 Months ........
$335,692
$391,667
$385,667
$394,308
17.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$405
OCT
$377,000
NOV DEC
MEDIAN SALES PRICE
JAN
$311
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
2.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$377 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Studio City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$440,000
$470,000
$445,000
$409,000
-7.0%
Average Price per Square Foot ...........................
$358
$363
$353
$365
2.0%
Properties Sold .......................................................
9
8
6
4
-55.6%
Properties Pending Sale .......................................
9
11
20
8
-11.1%
Properties For Sale ................................................
25
33
35
32
28.0%
Days on Market (Pending Sale) ...........................
63
61
61
75
19.0%
Month’s Supply of Inventory ................................
2.8
4.1
5.8
8
188.0%
Percent Under Contract ........................................
36.0%
33.3%
57.1%
25.0%
-30.6%
Average Median Price for Last 12 Months ........
$434,231
$483,833
$489,333
$470,308
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$440
OCT
$409,000
NOV DEC
MEDIAN SALES PRICE
JAN
$365
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
8 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$409 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Venice DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$572,000
$775,000
$1,136,500
$925,000
61.7%
Average Price per Square Foot ...........................
$599
$591
$783
$594
-0.8%
Properties Sold .......................................................
3
3
7
4
33.3%
Properties Pending Sale .......................................
7
4
2
2
-71.4%
Properties For Sale ................................................
21
10
24
28
33.3%
Days on Market (Pending Sale) ...........................
28
32
228
18
-35.7%
Month’s Supply of Inventory ................................
7
3.3
3.4
7
0.0%
Percent Under Contract ........................................
33.3%
40.0%
8.3%
7.1%
-78.6%
Average Median Price for Last 12 Months ........
$1,123,000
$1,246,383
$1,199,167
$1,095,900
-2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$572
OCT
$925,000
NOV DEC
MEDIAN SALES PRICE
JAN
$594
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
West Hollywood DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$468,000
$684,000
$630,000
$675,000
44.2%
Average Price per Square Foot ...........................
$537
$590
$547
$548
2.0%
Properties Sold .......................................................
31
30
27
19
-38.7%
Properties Pending Sale .......................................
31
33
36
24
-22.6%
Properties For Sale ................................................
143
116
134
143
0.0%
Days on Market (Pending Sale) ...........................
49
42
42
50
2.0%
Month’s Supply of Inventory ................................
4.6
3.9
5
7.5
63.2%
Percent Under Contract ........................................
21.7%
28.4%
26.9%
16.8%
-22.6%
Average Median Price for Last 12 Months ........
$494,000
$632,083
$635,833
$625,750
26.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$468
OCT
$675,000
NOV DEC
MEDIAN SALES PRICE
JAN
$548
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
7.5 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
West LA DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$639,000
$594,000
$694,500
$640,000
0.2%
Average Price per Square Foot ...........................
$446
$450
$452
$447
0.2%
Properties Sold .......................................................
11
13
14
11
0.0%
Properties Pending Sale .......................................
8
17
20
10
25.0%
Properties For Sale ................................................
46
50
58
46
0.0%
Days on Market (Pending Sale) ...........................
52
30
45
39
-25.0%
Month’s Supply of Inventory ................................
4.2
3.8
4.1
4.2
0.0%
Percent Under Contract ........................................
17.4%
34.0%
34.5%
21.7%
25.0%
Average Median Price for Last 12 Months ........
$633,000
$638,583
$618,667
$638,904
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$639
OCT
$640,000
NOV DEC
MEDIAN SALES PRICE
JAN
$447
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
4.2 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : September 2014
telesproperties.com
Westwood - Century City DATA*
Sep 2013
6 month
3 month
Sep 2014
% change
Median Price ..........................................................
$731,033
$740,000
$729,000
$795,000
8.8%
Average Price per Square Foot ...........................
$600
$670
$596
$665
10.8%
Properties Sold .......................................................
55
49
41
45
-18.2%
Properties Pending Sale .......................................
40
48
54
47
17.5%
Properties For Sale ................................................
300
281
319
274
-8.7%
Days on Market (Pending Sale) ...........................
59
87
62
60
1.7%
Month’s Supply of Inventory ................................
5.5
5.7
7.8
6.1
11.6%
Percent Under Contract ........................................
13.3%
17.1%
16.9%
17.2%
28.6%
Average Median Price for Last 12 Months ........
$655,000
$771,146
$781,292
$762,729
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot SEP
$731
OCT
$795,000
NOV DEC
MEDIAN SALES PRICE
JAN
$665
FEB MAR
AVERAGE PRICE PER SQ FT
APR MAY JUN
6.1 MONTH’S SUPPLY OF INVENTORY
JUL AUG SEP
$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 : September 2014
telesproperties.com
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
September 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES Š2014 Teles Properties, Inc. Teles Properties is a registered trademark.