micro market report luxury real estate market research March 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Redondo Beach
Toluca Lake
Bel Air - Holmby Hills
Mid Wilshire
Rolling Hills
Valley Village
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills Estates
Woodland Hills
Beverly Hills
Palms - Mar Vista
San Pedro
San Gabriel Valley Macro
Beverly Hills P.O.
Playa del Rey
Torrance
Altadena
Beverlywood
Playa Vista
San Fernando Macro
Arcadia
Brentwood
Santa Monica
Burbank
Duarte
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Encino
Eagle Rock
Culver City
Venice
Glendale
La Canada Flintridge
Hancock Park - Wilshire
West Hollywood
La Crescenta
Monrovia
Hollywood
West Los Angeles
North Hollywood
Pasadena
Hollywood Hills East
Westchester
Shadow Hills
San Gabriel
Laurel Canyon
Westwood - Century City
Sherman Oaks
San Marino
Los Feliz
South Bay Macro
Studio City
Sierra Madre
Malibu
Manhattan Beach
Sun Valley
South Pasadena
Malibu Beach
Palos Verdes Estates
Sunland - Tujunga
Marina del Rey
Rancho Palos Verdes
Tarzana
Micro Market Report : March 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : March 2014
telesproperties.com
Los Angeles County DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$710,000
$853,500
$871,000
$888,000
25.1%
Average Price per Square Foot ...........................
$512
$542
$607
$607
18.6%
Properties Sold .......................................................
765
706
705
611
-20.1%
Properties Pending Sale .......................................
834
751
511
828
-0.7%
Properties For Sale ................................................
3,132
3,764
2,953
3,444
10.0%
Days on Market (Pending Sale) ...........................
54
49
60
52
-3.7%
Month’s Supply of Inventory ................................
4.1
5.3
4.2
5.6
37.7%
Percent Under Contract ........................................
26.6%
20.0%
17.3%
24.0%
-9.7%
Average Median Price for Last 12 Months ........
$650,000
$857,542
$865,750
$845,173
23.1%
*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 MAR
$710
APR
$888,000
MAY JUN
MEDIAN SALES PRICE
JUL
$607
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$888 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,247,500
$1,787,500
$1,526,000
$1,990,000
59.5%
Average Price per Square Foot ...........................
$525
$847
$742
$767
46.1%
Properties Sold .......................................................
12
12
9
14
16.7%
Properties Pending Sale .......................................
15
14
8
13
-13.3%
Properties For Sale ................................................
122
139
100
102
-16.4%
Days on Market (Pending Sale) ...........................
81
101
124
97
19.8%
Month’s Supply of Inventory ................................
10.2
11.6
11.1
7.3
-28.3%
Percent Under Contract ........................................
12.3%
10.1%
8.0%
12.7%
3.7%
Average Median Price for Last 12 Months ........
$1,861,000
$1,997,833
$1,932,500
$1,954,003
4.8%
*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 MAR
$1.247
APR
$1,990,000
MAY JUN
MEDIAN SALES PRICE
JUL
$767
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.990 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,075,000
$1,129,444
$1,235,000
$1,150,000
7.0%
Average Price per Square Foot ...........................
$605
$596
$535
$614
1.5%
Properties Sold .......................................................
13
16
13
16
23.1%
Properties Pending Sale .......................................
23
13
11
18
-21.7%
Properties For Sale ................................................
66
44
44
65
-1.5%
Days on Market (Pending Sale) ...........................
66
36
50
42
-36.4%
Month’s Supply of Inventory ................................
5.1
2.8
3.4
4.1
-20.0%
Percent Under Contract ........................................
34.8%
29.5%
25.0%
27.7%
-20.5%
Average Median Price for Last 12 Months ........
$957,000
$1,354,167
$1,283,750
$1,243,573
23.0%
*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 MAR
$1.075
APR
$1,150,000
MAY JUN
MEDIAN SALES PRICE
JUL
$614
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Beverly Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$4,700,000
$4,120,000
$6,219,900
$4,650,000
-1.1%
Average Price per Square Foot ...........................
$1,130
$893
$1,202
$1,041
-7.9%
Properties Sold .......................................................
13
13
12
11
-15.4%
Properties Pending Sale .......................................
17
8
7
18
5.9%
Properties For Sale ................................................
93
111
79
86
-7.5%
Days on Market (Pending Sale) ...........................
103
58
83
91
-11.7%
Month’s Supply of Inventory ................................
7.2
8.5
6.6
7.8
9.3%
Percent Under Contract ........................................
18.3%
7.2%
8.9%
20.9%
14.5%
Average Median Price for Last 12 Months ........
$4,380,000
$5,410,983
$5,149,500
$4,768,915
8.2%
*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 MAR
$4.700
APR
$4,650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,041
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.650 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 : March 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,192,000
$1,700,000
$2,062,500
$2,650,000
20.9%
Average Price per Square Foot ...........................
$637
$751
$909
$945
48.4%
Properties Sold .......................................................
15
16
12
11
-26.7%
Properties Pending Sale .......................................
22
16
10
18
-18.2%
Properties For Sale ................................................
98
135
110
119
21.4%
Days on Market (Pending Sale) ...........................
57
68
81
103
80.7%
Month’s Supply of Inventory ................................
6.5
8.4
9.2
10.8
65.6%
Percent Under Contract ........................................
22.4%
11.9%
9.1%
15.1%
-32.6%
Average Median Price for Last 12 Months ........
$1,927,000
$2,184,417
$2,341,667
$2,160,706
10.8%
*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 MAR
$2.192
APR
$2,650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$945
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.650 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 : March 2014
telesproperties.com
Beverlywood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$699,000
$1,095,000
$1,287,500
$872,500
24.8%
Average Price per Square Foot ...........................
$463
$575
$557
$527
13.8%
Properties Sold .......................................................
14
12
14
16
14.3%
Properties Pending Sale .......................................
10
15
9
14
40.0%
Properties For Sale ................................................
25
51
45
50
100.0%
Days on Market (Pending Sale) ...........................
89
52
46
40
-55.1%
Month’s Supply of Inventory ................................
1.8
4.2
3.2
3.1
75.0%
Percent Under Contract ........................................
40.0%
29.4%
20.0%
28.0%
-30.0%
Average Median Price for Last 12 Months ........
$790,000
$958,333
$876,167
$893,678
11.6%
*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 MAR
$699
APR
$872,500
MAY JUN
MEDIAN SALES PRICE
JUL
$527
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$872 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Brentwood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,150,000
$2,180,000
$2,402,778
$2,740,000
27.4%
Average Price per Square Foot ...........................
$832
$812
$889
$1,033
24.2%
Properties Sold .......................................................
15
14
24
7
-53.3%
Properties Pending Sale .......................................
21
13
15
22
4.8%
Properties For Sale ................................................
112
108
78
111
-0.9%
Days on Market (Pending Sale) ...........................
65
50
56
57
-12.3%
Month’s Supply of Inventory ................................
7.5
7.7
3.2
15.9
112.4%
Percent Under Contract ........................................
18.8%
12.0%
19.2%
19.8%
5.7%
Average Median Price for Last 12 Months ........
$1,904,000
$2,667,213
$2,993,333
$2,490,483
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 MAR
$2.150
APR
$2,740,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,033
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
15.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,228,000
$1,211,000
$1,429,000
$1,525,900
24.3%
Average Price per Square Foot ...........................
$582
$648
$572
$706
21.3%
Properties Sold .......................................................
7
9
8
2
-71.4%
Properties Pending Sale .......................................
10
8
3
9
-10.0%
Properties For Sale ................................................
21
14
13
20
-4.8%
Days on Market (Pending Sale) ...........................
44
41
41
13
-70.5%
Month’s Supply of Inventory ................................
3
1.6
1.6
10
233.3%
Percent Under Contract ........................................
47.6%
57.1%
23.1%
45.0%
-5.5%
Average Median Price for Last 12 Months ........
$1,305,000
$1,640,650
$1,775,300
$1,513,646
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 MAR
$1.228
APR
$1,525,900
MAY JUN
MEDIAN SALES PRICE
JUL
$706
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Culver City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$765,063
$757,250
$900,000
$667,500
-12.8%
Average Price per Square Foot ...........................
$415
$551
$538
$544
31.1%
Properties Sold .......................................................
10
18
15
6
-40.0%
Properties Pending Sale .......................................
14
12
7
21
50.0%
Properties For Sale ................................................
39
45
35
33
-15.4%
Days on Market (Pending Sale) ...........................
36
51
42
37
2.8%
Month’s Supply of Inventory ................................
3.9
2.5
2.3
5.5
41.0%
Percent Under Contract ........................................
35.9%
26.7%
20.0%
63.6%
77.3%
Average Median Price for Last 12 Months ........
$676,000
$782,625
$725,000
$791,928
14.6%
*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 MAR
$765
APR
$667,500
MAY JUN
MEDIAN SALES PRICE
JUL
$544
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$667 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$856,750
$1,153,125
$1,150,000
$1,163,000
35.7%
Average Price per Square Foot ...........................
$464
$557
$504
$578
24.6%
Properties Sold .......................................................
18
22
25
20
11.1%
Properties Pending Sale .......................................
19
30
18
25
31.6%
Properties For Sale ................................................
87
113
86
99
13.8%
Days on Market (Pending Sale) ...........................
49
41
40
44
-10.2%
Month’s Supply of Inventory ................................
4.8
5.1
3.4
5
2.4%
Percent Under Contract ........................................
21.8%
26.5%
20.9%
25.3%
15.6%
Average Median Price for Last 12 Months ........
$1,010,000
$1,411,950
$1,473,067
$1,254,621
19.5%
*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 MAR
$856
APR
$1,163,000
MAY JUN
MEDIAN SALES PRICE
JUL
$578
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.163 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Hollywood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$585,000
$670,000
$489,500
$580,000
-0.9%
Average Price per Square Foot ...........................
$337
$460
$570
$428
27.0%
Properties Sold .......................................................
3
3
4
3
0.0%
Properties Pending Sale .......................................
4
6
1
0
-100.0%
Properties For Sale ................................................
16
26
10
17
6.2%
Days on Market (Pending Sale) ...........................
30
47
22
0
-100.0%
Month’s Supply of Inventory ................................
5.3
8.7
2.5
5.7
6.3%
Percent Under Contract ........................................
25.0%
23.1%
10.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$662,000
$884,000
$1,390,000
$717,417
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 MAR
$585
APR
$580,000
MAY JUN
MEDIAN SALES PRICE
JUL
$428
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Hollywood Hills East DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,112,000
$1,095,000
$1,381,000
$1,010,000
-9.2%
Average Price per Square Foot ...........................
$467
$498
$572
$544
16.5%
Properties Sold .......................................................
9
13
5
7
-22.2%
Properties Pending Sale .......................................
17
14
11
10
-41.2%
Properties For Sale ................................................
52
65
46
50
-3.8%
Days on Market (Pending Sale) ...........................
72
68
59
41
-43.1%
Month’s Supply of Inventory ................................
3.1
4.6
4.2
7.1
133.5%
Percent Under Contract ........................................
32.7%
21.5%
23.9%
20.0%
-38.8%
Average Median Price for Last 12 Months ........
$982,000
$1,260,042
$1,355,667
$1,134,758
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 MAR
$1.112
APR
$1,010,000
MAY JUN
MEDIAN SALES PRICE
JUL
$544
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.010 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Laurel Canyon DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,232,000
$1,358,750
$1,400,000
$1,675,000
36.0%
Average Price per Square Foot ...........................
$594
$616
$835
$733
23.4%
Properties Sold .......................................................
26
14
19
25
-3.8%
Properties Pending Sale .......................................
27
22
116
30
11.1%
Properties For Sale ................................................
116
141
118
138
19.0%
Days on Market (Pending Sale) ...........................
74
42
43
48
-35.1%
Month’s Supply of Inventory ................................
4.3
6.4
1
5.5
28.5%
Percent Under Contract ........................................
23.3%
15.6%
98.3%
21.7%
-6.6%
Average Median Price for Last 12 Months ........
$1,155,000
$1,342,490
$1,378,814
$1,275,370
9.4%
*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 MAR
$1.232
APR
$1,675,000
MAY JUN
MEDIAN SALES PRICE
JUL
$733
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Los Feliz DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,017,500
$1,410,000
$1,685,000
$1,050,000
3.2%
Average Price per Square Foot ...........................
$535
$538
$575
$598
11.8%
Properties Sold .......................................................
26
13
17
17
-34.6%
Properties Pending Sale .......................................
19
8
14
21
10.5%
Properties For Sale ................................................
79
45
71
87
10.1%
Days on Market (Pending Sale) ...........................
56
18
31
31
-44.6%
Month’s Supply of Inventory ................................
4.2
5.6
5.1
5.1
23.1%
Percent Under Contract ........................................
24.1%
17.8%
19.7%
24.1%
0.4%
Average Median Price for Last 12 Months ........
$1,007,000
$1,282,167
$1,057,333
$1,197,267
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 MAR
$1.017
APR
$1,050,000
MAY JUN
MEDIAN SALES PRICE
JUL
$598
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Malibu DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,280,000
$1,650,000
$3,370,000
$1,870,000
46.1%
Average Price per Square Foot ...........................
$597
$699
$625
$765
28.1%
Properties Sold .......................................................
21
17
13
9
-57.1%
Properties Pending Sale .......................................
12
20
9
17
41.7%
Properties For Sale ................................................
175
223
175
189
8.0%
Days on Market (Pending Sale) ...........................
86
166
170
97
12.8%
Month’s Supply of Inventory ................................
8.3
13.1
13.5
21
152.0%
Percent Under Contract ........................................
6.9%
9.0%
5.1%
9.0%
31.2%
Average Median Price for Last 12 Months ........
$1,707,000
$2,290,535
$2,062,320
$2,071,093
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 MAR
$1.280
APR
$1,870,000
MAY JUN
MEDIAN SALES PRICE
JUL
$765
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
21 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.870 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Malibu Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$7,997,500
$5,353,750
$4,300,000
$6,332,500
-20.8%
Average Price per Square Foot ...........................
$2,492
$2,646
$2,042
$2,329
-6.5%
Properties Sold .......................................................
4
2
9
4
0.0%
Properties Pending Sale .......................................
7
3
2
3
-57.1%
Properties For Sale ................................................
84
80
60
72
-14.3%
Days on Market (Pending Sale) ...........................
87
92
142
154
77.0%
Month’s Supply of Inventory ................................
21
40
6.7
18
-14.3%
Percent Under Contract ........................................
8.3%
3.8%
3.3%
4.2%
-50.0%
Average Median Price for Last 12 Months ........
$6,514,000
$6,964,375
$5,903,750
$5,841,952
-11.5%
*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 MAR
$7.997
APR
$6,332,500
MAY JUN
MEDIAN SALES PRICE
JUL
$2,329
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
18 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$6.332 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Marina Del Rey DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,250,000
$976,000
$1,695,000
$1,250,000
0.0%
Average Price per Square Foot ...........................
$635
$522
$640
$532
-16.2%
Properties Sold .......................................................
3
1
3
4
33.3%
Properties Pending Sale .......................................
5
3
2
8
60.0%
Properties For Sale ................................................
20
22
20
26
30.0%
Days on Market (Pending Sale) ...........................
97
41
118
51
-47.4%
Month’s Supply of Inventory ................................
6.7
22
6.7
6.5
-2.5%
Percent Under Contract ........................................
25.0%
13.6%
10.0%
30.8%
23.1%
Average Median Price for Last 12 Months ........
$1,363,000
$1,639,167
$1,671,667
$1,555,764
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 MAR
$1.250
APR
$1,250,000
MAY JUN
MEDIAN SALES PRICE
JUL
$532
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Mid Los Angeles DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$390,000
$465,000
$500,000
$471,500
20.9%
Average Price per Square Foot ...........................
$257
$322
$343
$318
23.7%
Properties Sold .......................................................
21
14
19
20
-4.8%
Properties Pending Sale .......................................
21
19
14
19
-9.5%
Properties For Sale ................................................
43
86
57
73
69.8%
Days on Market (Pending Sale) ...........................
36
53
91
46
27.8%
Month’s Supply of Inventory ................................
2
6.1
3
3.6
78.3%
Percent Under Contract ........................................
48.8%
22.1%
24.6%
26.0%
-46.7%
Average Median Price for Last 12 Months ........
$324,000
$458,844
$461,021
$462,428
29.9%
*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 MAR
$390
APR
$471,500
MAY JUN
MEDIAN SALES PRICE
JUL
$318
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$471 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Mid Wilshire DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$460,000
$525,000
$647,500
$0
-100.0%
Average Price per Square Foot ...........................
$209
$348
$273
$0
-100.0%
Properties Sold .......................................................
4
3
1
0
-100.0%
Properties Pending Sale .......................................
1
4
0
3
200.0%
Properties For Sale ................................................
20
21
10
18
-10.0%
Days on Market (Pending Sale) ...........................
13
22
0
16
23.1%
Month’s Supply of Inventory ................................
5
7
10
0
0%
Percent Under Contract ........................................
5.0%
19.0%
0.0%
16.7%
233.3%
Average Median Price for Last 12 Months ........
$418,000
$599,750
$545,000
$522,275
20.0%
*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 MAR
$460
APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Pacific Palisades DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,642,500
$2,380,000
$2,805,000
$2,850,000
7.9%
Average Price per Square Foot ...........................
$899
$730
$876
$899
0.0%
Properties Sold .......................................................
24
26
22
29
20.8%
Properties Pending Sale .......................................
31
13
9
34
9.7%
Properties For Sale ................................................
118
105
89
134
13.6%
Days on Market (Pending Sale) ...........................
52
61
68
47
-9.6%
Month’s Supply of Inventory ................................
4.9
4
4
4.6
-6.0%
Percent Under Contract ........................................
26.3%
12.4%
10.1%
25.4%
-3.4%
Average Median Price for Last 12 Months ........
$2,122,000
$2,655,717
$2,759,000
$2,415,807
12.2%
*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 MAR
$2.642
APR
$2,850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$899
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Palms - Mar Vista DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$835,500
$905,000
$1,050,000
$1,312,500
57.1%
Average Price per Square Foot ...........................
$569
$537
$606
$651
14.4%
Properties Sold .......................................................
25
23
27
22
-12.0%
Properties Pending Sale .......................................
33
25
13
29
-12.1%
Properties For Sale ................................................
72
80
49
64
-11.1%
Days on Market (Pending Sale) ...........................
39
21
37
26
-33.3%
Month’s Supply of Inventory ................................
2.9
3.5
1.8
2.9
1.0%
Percent Under Contract ........................................
45.8%
31.2%
26.5%
45.3%
-1.1%
Average Median Price for Last 12 Months ........
$786,000
$1,059,342
$1,064,167
$971,773
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 MAR
$835
APR
$1,312,500
MAY JUN
MEDIAN SALES PRICE
JUL
$651
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Playa Del Rey DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$750,000
$1,352,000
$1,015,000
$1,250,000
66.7%
Average Price per Square Foot ...........................
$498
$497
$578
$498
0.0%
Properties Sold .......................................................
2
3
1
4
100.0%
Properties Pending Sale .......................................
7
3
2
4
-42.9%
Properties For Sale ................................................
15
17
14
13
-13.3%
Days on Market (Pending Sale) ...........................
26
103
35
63
142.3%
Month’s Supply of Inventory ................................
7.5
5.7
14
3.2
-56.7%
Percent Under Contract ........................................
46.7%
17.6%
14.3%
30.8%
-34.1%
Average Median Price for Last 12 Months ........
$1,005,000
$1,144,959
$1,172,919
$1,194,750
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 MAR
$750
APR
$1,250,000
MAY JUN
MEDIAN SALES PRICE
JUL
$498
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Playa Vista DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$0
$1,192,500
$1,460,000
$0
0%
Average Price per Square Foot ...........................
$0
$459
$388
$0
0%
Properties Sold .......................................................
0
2
1
0
0%
Properties Pending Sale .......................................
0
0
2
1
0%
Properties For Sale ................................................
5
6
5
5
0.0%
Days on Market (Pending Sale) ...........................
0
0
67
9
0%
Month’s Supply of Inventory ................................
0
3
5
0
0%
Percent Under Contract ........................................
0.0%
0.0%
40.0%
20.0%
0%
Average Median Price for Last 12 Months ........
$1,143,000
$1,297,498
$1,134,995
$1,317,749
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 MAR APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Santa Monica DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,610,625
$2,187,500
$1,510,000
$2,312,500
43.6%
Average Price per Square Foot ...........................
$1,109
$955
$923
$972
-12.4%
Properties Sold .......................................................
12
16
21
14
16.7%
Properties Pending Sale .......................................
20
24
11
17
-15.0%
Properties For Sale ................................................
77
99
63
74
-3.9%
Days on Market (Pending Sale) ...........................
53
34
58
37
-30.2%
Month’s Supply of Inventory ................................
6.4
6.2
3
5.3
-17.6%
Percent Under Contract ........................................
26.0%
24.2%
17.5%
23.0%
-11.6%
Average Median Price for Last 12 Months ........
$1,865,000
$1,842,875
$1,898,833
$1,972,990
5.5%
*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 MAR
$1.610
APR
$2,312,500
MAY JUN
MEDIAN SALES PRICE
JUL
$972
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,390,270
$1,492,500
$1,656,500
$1,890,500
36.0%
Average Price per Square Foot ...........................
$639
$710
$874
$782
22.4%
Properties Sold .......................................................
45
28
28
32
-28.9%
Properties Pending Sale .......................................
37
36
21
41
10.8%
Properties For Sale ................................................
203
271
224
239
17.7%
Days on Market (Pending Sale) ...........................
84
48
60
82
-2.4%
Month’s Supply of Inventory ................................
4.5
9.7
8
7.5
65.6%
Percent Under Contract ........................................
18.2%
13.3%
9.4%
17.2%
-5.9%
Average Median Price for Last 12 Months ........
$1,374,000
$1,512,747
$1,565,493
$1,502,846
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 MAR
$1.390
APR
$1,890,500
MAY JUN
MEDIAN SALES PRICE
JUL
$782
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.890 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 : March 2014
telesproperties.com
Venice DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,237,500
$1,405,000
$1,592,500
$1,683,300
36.0%
Average Price per Square Foot ...........................
$896
$892
$931
$902
0.7%
Properties Sold .......................................................
14
21
26
19
35.7%
Properties Pending Sale .......................................
19
23
18
22
15.8%
Properties For Sale ................................................
71
76
42
60
-15.5%
Days on Market (Pending Sale) ...........................
27
79
45
65
140.7%
Month’s Supply of Inventory ................................
5.1
3.6
1.6
3.2
-37.7%
Percent Under Contract ........................................
26.8%
30.3%
42.9%
36.7%
37.0%
Average Median Price for Last 12 Months ........
$1,172,000
$1,420,133
$1,459,433
$1,408,177
20.2%
*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 MAR
$1.237
APR
$1,683,300
MAY JUN
MEDIAN SALES PRICE
JUL
$902
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.683 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
West Hollywood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,350,000
$1,187,500
$1,261,250
$1,087,500
-19.4%
Average Price per Square Foot ...........................
$718
$659
$680
$748
4.2%
Properties Sold .......................................................
16
4
8
6
-62.5%
Properties Pending Sale .......................................
19
6
14
12
-36.8%
Properties For Sale ................................................
44
53
46
41
-6.8%
Days on Market (Pending Sale) ...........................
73
45
51
74
1.4%
Month’s Supply of Inventory ................................
2.8
13.2
5.8
6.8
148.5%
Percent Under Contract ........................................
43.2%
11.3%
30.4%
29.3%
-32.2%
Average Median Price for Last 12 Months ........
$1,116,000
$1,142,772
$1,073,461
$1,123,668
0.7%
*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 $1.350
MAR APR
$1,087,500
MAY JUN
MEDIAN SALES PRICE
JUL
$748
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.087 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
West Los Angeles DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$731,000
$775,650
$835,500
$877,500
20.0%
Average Price per Square Foot ...........................
$475
$572
$477
$564
18.7%
Properties Sold .......................................................
14
9
8
6
-57.1%
Properties Pending Sale .......................................
6
9
1
6
0.0%
Properties For Sale ................................................
18
31
15
25
38.9%
Days on Market (Pending Sale) ...........................
53
42
99
19
-64.2%
Month’s Supply of Inventory ................................
1.3
3.4
1.9
4.2
224.1%
Percent Under Contract ........................................
33.3%
29.0%
6.7%
24.0%
-28.0%
Average Median Price for Last 12 Months ........
$634,000
$812,542
$823,500
$813,313
28.3%
*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 MAR
$731
APR
$877,500
MAY JUN
MEDIAN SALES PRICE
JUL
$564
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Westchester DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$710,000
$765,000
$775,000
$905,000
27.5%
Average Price per Square Foot ...........................
$407
$495
$465
$476
17.0%
Properties Sold .......................................................
23
28
19
17
-26.1%
Properties Pending Sale .......................................
22
21
11
19
-13.6%
Properties For Sale ................................................
49
49
21
55
12.2%
Days on Market (Pending Sale) ...........................
39
31
34
24
-38.5%
Month’s Supply of Inventory ................................
2.1
1.8
1.1
3.2
51.9%
Percent Under Contract ........................................
44.9%
42.9%
52.4%
34.5%
-23.1%
Average Median Price for Last 12 Months ........
$657,000
$842,083
$921,667
$797,308
21.4%
*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 MAR
$710
APR
$905,000
MAY JUN
MEDIAN SALES PRICE
JUL
$476
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Westwood - Century City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,250,000
$1,567,500
$1,543,000
$1,850,000
48.0%
Average Price per Square Foot ...........................
$707
$680
$687
$756
6.9%
Properties Sold .......................................................
9
12
22
10
11.1%
Properties Pending Sale .......................................
20
11
7
14
-30.0%
Properties For Sale ................................................
47
58
36
44
-6.4%
Days on Market (Pending Sale) ...........................
26
33
31
24
-7.7%
Month’s Supply of Inventory ................................
5.2
4.8
1.6
4.4
-15.7%
Percent Under Contract ........................................
42.6%
19.0%
19.4%
31.8%
-25.2%
Average Median Price for Last 12 Months ........
$1,296,000
$1,638,000
$1,803,333
$1,553,158
19.8%
*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 MAR
$1.250
APR
$1,850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$756
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
South Bay Macro Market DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,177,889
$1,053,389
$1,103,556
$985,563
-16.3%
Average Price per Square Foot ...........................
$449
$495
$492
$476
6.1%
Properties Sold .......................................................
211
191
168
175
-17.1%
Properties Pending Sale .......................................
236
164
112
219
-7.2%
Properties For Sale ................................................
574
642
470
601
4.7%
Days on Market (Pending Sale) ...........................
42
42
57
54
29.4%
Month’s Supply of Inventory ................................
2.7
3.4
2.8
3.4
26.2%
Percent Under Contract ........................................
41.1%
25.5%
23.8%
36.4%
-11.4%
Average Median Price for Last 12 Months ........
$1,207,375
$1,095,270
$1,130,275
$1,343,495
11.3%
*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 $1.177
MAR APR
$985,563
MAY JUN
MEDIAN SALES PRICE
JUL
$476
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Manhattan Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,887,500
$1,730,000
$1,552,000
$1,717,000
-9.0%
Average Price per Square Foot ...........................
$635
$718
$801
$788
24.1%
Properties Sold .......................................................
30
27
21
25
-16.7%
Properties Pending Sale .......................................
44
22
6
45
2.3%
Properties For Sale ................................................
94
77
36
92
-2.1%
Days on Market (Pending Sale) ...........................
28
47
39
32
14.3%
Month’s Supply of Inventory ................................
3.1
2.9
1.7
3.7
17.4%
Percent Under Contract ........................................
46.8%
28.6%
16.7%
48.9%
4.5%
Average Median Price for Last 12 Months ........
$1,522,000
$1,826,833
$1,944,833
$1,822,654
19.8%
*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 MAR
$1.887
APR
$1,717,000
MAY JUN
MEDIAN SALES PRICE
JUL
$788
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.717 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Palos Verdes Estates DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,970,000
$1,500,000
$1,597,500
$1,737,500
-11.8%
Average Price per Square Foot ...........................
$573
$669
$610
$693
20.9%
Properties Sold .......................................................
15
17
16
14
-6.7%
Properties Pending Sale .......................................
18
16
11
18
0.0%
Properties For Sale ................................................
50
63
46
61
22.0%
Days on Market (Pending Sale) ...........................
62
55
62
37
-40.3%
Month’s Supply of Inventory ................................
3.3
3.7
2.9
4.4
30.7%
Percent Under Contract ........................................
36.0%
25.4%
23.9%
29.5%
-18.0%
Average Median Price for Last 12 Months ........
$1,563,000
$1,577,000
$1,633,500
$1,606,885
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 MAR
$1.970
APR
$1,737,500
MAY JUN
MEDIAN SALES PRICE
JUL
$693
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Rancho Palos Verdes DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,030,000
$1,150,000
$1,200,000
$1,145,000
11.2%
Average Price per Square Foot ...........................
$432
$483
$487
$527
22.0%
Properties Sold .......................................................
39
41
23
25
-35.9%
Properties Pending Sale .......................................
34
35
20
35
2.9%
Properties For Sale ................................................
102
128
85
104
2.0%
Days on Market (Pending Sale) ...........................
61
52
67
84
37.7%
Month’s Supply of Inventory ................................
2.6
3.1
3.7
4.2
59.1%
Percent Under Contract ........................................
33.3%
27.3%
23.5%
33.7%
1.0%
Average Median Price for Last 12 Months ........
$968,000
$1,158,000
$1,175,000
$1,138,938
17.7%
*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 MAR
$1.030
APR
$1,145,000
MAY JUN
MEDIAN SALES PRICE
JUL
$527
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.145 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Redondo Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$861,000
$887,500
$873,000
$835,000
-3.0%
Average Price per Square Foot ...........................
$528
$588
$523
$506
-4.2%
Properties Sold .......................................................
37
22
29
33
-10.8%
Properties Pending Sale .......................................
34
11
18
30
-11.8%
Properties For Sale ................................................
79
70
74
67
-15.2%
Days on Market (Pending Sale) ...........................
34
48
51
41
20.6%
Month’s Supply of Inventory ................................
2.1
3.2
2.6
2
-4.9%
Percent Under Contract ........................................
43.0%
15.7%
24.3%
44.8%
4.0%
Average Median Price for Last 12 Months ........
$752,000
$839,500
$836,000
$848,192
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 MAR
$861
APR
$835,000
MAY JUN
MEDIAN SALES PRICE
JUL
$506
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Rolling Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,422,500
$1,480,500
$2,175,000
$0
-100.0%
Average Price per Square Foot ...........................
$736
$716
$650
$0
-100.0%
Properties Sold .......................................................
2
2
2
0
-100.0%
Properties Pending Sale .......................................
7
0
1
3
-57.1%
Properties For Sale ................................................
22
16
14
20
-9.1%
Days on Market (Pending Sale) ...........................
87
0
78
159
82.8%
Month’s Supply of Inventory ................................
11
8
7
0
0%
Percent Under Contract ........................................
31.8%
0.0%
7.1%
15.0%
-52.9%
Average Median Price for Last 12 Months ........
$2,646,000
$3,233,333
$5,000,000
$2,909,500
10.0%
*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 MAR
$2.422
APR
No sales
MAY JUN
MEDIAN SALES PRICE
JUL
No sales
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Rolling Hills Estates DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,370,000
$1,600,000
$1,387,500
$1,280,000
-6.6%
Average Price per Square Foot ...........................
$482
$544
$643
$569
18.0%
Properties Sold .......................................................
11
8
2
3
-72.7%
Properties Pending Sale .......................................
11
5
1
7
-36.4%
Properties For Sale ................................................
22
22
8
26
18.2%
Days on Market (Pending Sale) ...........................
29
49
87
26
-10.3%
Month’s Supply of Inventory ................................
2
2.8
4
8.7
333.3%
Percent Under Contract ........................................
50.0%
22.7%
12.5%
26.9%
-46.2%
Average Median Price for Last 12 Months ........
$1,215,000
$1,215,833
$1,125,000
$1,295,865
6.7%
*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 MAR
$1.370
APR
$1,280,000
MAY JUN
MEDIAN SALES PRICE
JUL
$569
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
San Pedro DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$475,000
$514,000
$532,000
$535,000
12.6%
Average Price per Square Foot ...........................
$286
$326
$326
$314
9.8%
Properties Sold .......................................................
37
32
26
28
-24.3%
Properties Pending Sale .......................................
32
37
23
32
0.0%
Properties For Sale ................................................
98
133
109
113
15.3%
Days on Market (Pending Sale) ...........................
54
41
78
74
37.0%
Month’s Supply of Inventory ................................
2.6
4.2
4.2
4
52.4%
Percent Under Contract ........................................
32.7%
27.8%
21.1%
28.3%
-13.3%
Average Median Price for Last 12 Months ........
$434,000
$499,500
$506,667
$494,962
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 MAR
$475
APR
$535,000
MAY JUN
MEDIAN SALES PRICE
JUL
$314
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Torrance DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$585,000
$618,500
$615,000
$635,000
8.5%
Average Price per Square Foot ...........................
$367
$408
$387
$411
12.0%
Properties Sold .......................................................
40
42
49
47
17.5%
Properties Pending Sale .......................................
56
38
32
49
-12.5%
Properties For Sale ................................................
107
133
98
118
10.3%
Days on Market (Pending Sale) ...........................
19
47
54
31
63.2%
Month’s Supply of Inventory ................................
2.7
3.2
2
2.5
-6.1%
Percent Under Contract ........................................
52.3%
28.6%
32.7%
41.5%
-20.7%
Average Median Price for Last 12 Months ........
$559,000
$637,500
$638,333
$630,962
12.9%
*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 MAR
$585
APR
$635,000
MAY JUN
MEDIAN SALES PRICE
JUL
$411
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$631,714
$696,143
$715,929
$727,643
15.2%
Average Price per Square Foot ...........................
$329
$361
$363
$376
14.2%
Properties Sold .......................................................
489
439
426
368
-24.7%
Properties Pending Sale .......................................
528
417
360
471
-10.8%
Properties For Sale ................................................
613
1,071
745
899
46.7%
Days on Market (Pending Sale) ...........................
71
50
64
58
-17.2%
Month’s Supply of Inventory ................................
1.3
2.4
1.7
2.4
94.9%
Percent Under Contract ........................................
86.1%
38.9%
48.3%
52.4%
-39.2%
Average Median Price for Last 12 Months ........
$599,743
$726,738
$745,738
$700,890
16.9%
*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 MAR
$631
APR
$727,643
MAY JUN
MEDIAN SALES PRICE
JUL
$376
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$727 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Burbank DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$568,000
$590,000
$580,000
$635,000
11.8%
Average Price per Square Foot ...........................
$346
$402
$372
$418
20.8%
Properties Sold .......................................................
62
57
48
51
-17.7%
Properties Pending Sale .......................................
54
56
45
49
-9.3%
Properties For Sale ................................................
37
89
58
59
59.5%
Days on Market (Pending Sale) ...........................
61
40
44
59
-3.3%
Month’s Supply of Inventory ................................
0.6
1.6
1.2
1.2
93.9%
Percent Under Contract ........................................
145.9%
62.9%
77.6%
83.1%
-43.1%
Average Median Price for Last 12 Months ........
$507,846
$622,000
$640,000
$609,769
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 MAR
$568
APR
$635,000
MAY JUN
MEDIAN SALES PRICE
JUL
$418
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Encino DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$850,000
$968,000
$785,000
$928,000
9.2%
Average Price per Square Foot ...........................
$354
$386
$406
$384
8.5%
Properties Sold .......................................................
41
28
36
31
-24.4%
Properties Pending Sale .......................................
45
36
23
39
-13.3%
Properties For Sale ................................................
70
118
78
96
37.1%
Days on Market (Pending Sale) ...........................
47
62
65
57
21.3%
Month’s Supply of Inventory ................................
1.7
4.2
2.2
3.1
81.4%
Percent Under Contract ........................................
64.3%
30.5%
29.5%
40.6%
-36.8%
Average Median Price for Last 12 Months ........
$778,538
$1,028,667
$1,096,333
$955,769
22.8%
*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 MAR
$850
APR
$928,000
MAY JUN
MEDIAN SALES PRICE
JUL
$384
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$928 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Glendale DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$569,000
$728,000
$725,000
$664,000
16.7%
Average Price per Square Foot ...........................
$342
$363
$399
$404
18.1%
Properties Sold .......................................................
69
54
57
42
-39.1%
Properties Pending Sale .......................................
48
45
49
53
10.4%
Properties For Sale ................................................
80
130
76
119
48.8%
Days on Market (Pending Sale) ...........................
61
53
53
55
-9.8%
Month’s Supply of Inventory ................................
1.2
2.4
1.3
2.8
144.4%
Percent Under Contract ........................................
60.0%
34.6%
64.5%
44.5%
-25.8%
Average Median Price for Last 12 Months ........
$590,769
$700,167
$712,333
$685,846
16.1%
*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 MAR
$569
APR
$664,000
MAY JUN
MEDIAN SALES PRICE
JUL
$404
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$664 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
La Crescenta DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$615,000
$550,000
$714,000
$765,000
24.4%
Average Price per Square Foot ...........................
$334
$424
$390
$413
23.7%
Properties Sold .......................................................
14
20
23
14
0.0%
Properties Pending Sale .......................................
27
22
19
19
-29.6%
Properties For Sale ................................................
21
34
17
31
47.6%
Days on Market (Pending Sale) ...........................
41
46
50
53
29.3%
Month’s Supply of Inventory ................................
1.5
1.7
0.7
2.2
47.6%
Percent Under Contract ........................................
128.6%
64.7%
111.8%
61.3%
-52.3%
Average Median Price for Last 12 Months ........
$563,846
$654,833
$677,667
$658,462
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 MAR
$615
APR
$765,000
MAY JUN
MEDIAN SALES PRICE
JUL
$413
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
North Hollywood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$356,000
$428,000
$403,000
$455,000
27.8%
Average Price per Square Foot ...........................
$240
$296
$289
$319
32.9%
Properties Sold .......................................................
37
35
39
36
-2.7%
Properties Pending Sale .......................................
58
25
30
40
-31.0%
Properties For Sale ................................................
32
77
68
70
118.8%
Days on Market (Pending Sale) ...........................
72
47
33
55
-23.6%
Month’s Supply of Inventory ................................
0.9
2.2
1.7
1.9
124.8%
Percent Under Contract ........................................
181.2%
32.5%
44.1%
57.1%
-68.5%
Average Median Price for Last 12 Months ........
$314,769
$412,500
$427,667
$402,385
27.8%
*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 MAR
$356
APR
$455,000
MAY JUN
MEDIAN SALES PRICE
JUL
$319
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Shadow Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$520,000
$790,000
$628,000
$690,000
32.7%
Average Price per Square Foot ...........................
$276
$280
$297
$243
-12.0%
Properties Sold .......................................................
5
3
3
3
-40.0%
Properties Pending Sale .......................................
2
3
5
4
100.0%
Properties For Sale ................................................
7
18
7
8
14.3%
Days on Market (Pending Sale) ...........................
161
37
141
116
-28.0%
Month’s Supply of Inventory ................................
1.4
6
2.3
2.7
90.5%
Percent Under Contract ........................................
28.6%
16.7%
71.4%
50.0%
75.0%
Average Median Price for Last 12 Months ........
$594,250
$743,833
$886,667
$712,769
19.9%
*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 MAR
$520
APR
$690,000
MAY JUN
MEDIAN SALES PRICE
JUL
$243
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$690 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sherman Oaks DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$775,000
$820,000
$840,000
$805,000
3.9%
Average Price per Square Foot ...........................
$361
$445
$423
$442
22.4%
Properties Sold .......................................................
45
48
45
45
0.0%
Properties Pending Sale .......................................
60
52
40
59
-1.7%
Properties For Sale ................................................
84
135
93
111
32.1%
Days on Market (Pending Sale) ...........................
60
57
62
47
-21.7%
Month’s Supply of Inventory ................................
1.9
2.8
2.1
2.5
32.1%
Percent Under Contract ........................................
71.4%
38.5%
43.0%
53.2%
-25.6%
Average Median Price for Last 12 Months ........
$709,538
$863,000
$921,000
$828,769
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 MAR
$775
APR
$805,000
MAY JUN
MEDIAN SALES PRICE
JUL
$442
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Studio City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$895,000
$1,095,000
$1,024,000
$1,140,000
27.4%
Average Price per Square Foot ...........................
$409
$510
$450
$478
16.9%
Properties Sold .......................................................
28
33
28
30
7.1%
Properties Pending Sale .......................................
33
28
23
30
-9.1%
Properties For Sale ................................................
54
90
67
66
22.2%
Days on Market (Pending Sale) ...........................
101
48
60
72
-28.7%
Month’s Supply of Inventory ................................
1.9
2.7
2.4
2.2
14.1%
Percent Under Contract ........................................
61.1%
31.1%
34.3%
45.5%
-25.6%
Average Median Price for Last 12 Months ........
$861,769
$1,081,500
$1,115,667
$1,024,769
18.9%
*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 MAR
$895
APR
$1,140,000
MAY JUN
MEDIAN SALES PRICE
JUL
$478
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.140 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sun Valley DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$305,000
$327,000
$370,000
$433,000
42.0%
Average Price per Square Foot ...........................
$243
$294
$289
$265
9.1%
Properties Sold .......................................................
19
19
19
12
-36.8%
Properties Pending Sale .......................................
20
16
14
17
-15.0%
Properties For Sale ................................................
14
48
29
34
142.9%
Days on Market (Pending Sale) ...........................
70
38
44
58
-17.1%
Month’s Supply of Inventory ................................
0.7
2.5
1.5
2.8
284.5%
Percent Under Contract ........................................
142.9%
33.3%
48.3%
50.0%
-65.0%
Average Median Price for Last 12 Months ........
$284,923
$388,000
$391,000
$359,923
26.3%
*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 MAR
$305
APR
$433,000
MAY JUN
MEDIAN SALES PRICE
JUL
$265
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$433 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sunland/Tujunga DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$360,000
$385,000
$410,000
$395,000
9.7%
Average Price per Square Foot ...........................
$258
$274
$273
$329
27.5%
Properties Sold .......................................................
45
32
39
21
-53.3%
Properties Pending Sale .......................................
52
33
35
36
-30.8%
Properties For Sale ................................................
46
56
51
58
26.1%
Days on Market (Pending Sale) ...........................
54
46
57
59
9.3%
Month’s Supply of Inventory ................................
1
1.8
1.3
2.8
170.2%
Percent Under Contract ........................................
113.0%
58.9%
68.6%
62.1%
-45.1%
Average Median Price for Last 12 Months ........
$351,923
$424,667
$422,333
$406,692
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 MAR
$360
APR
$395,000
MAY JUN
MEDIAN SALES PRICE
JUL
$329
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Tarzana DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$818,000
$795,000
$783,000
$810,000
-1.0%
Average Price per Square Foot ...........................
$314
$332
$323
$387
23.2%
Properties Sold .......................................................
28
29
16
21
-25.0%
Properties Pending Sale .......................................
28
21
19
34
21.4%
Properties For Sale ................................................
50
66
54
68
36.0%
Days on Market (Pending Sale) ...........................
80
43
85
56
-30.0%
Month’s Supply of Inventory ................................
1.8
2.3
3.4
3.2
81.3%
Percent Under Contract ........................................
56.0%
31.8%
35.2%
50.0%
-10.7%
Average Median Price for Last 12 Months ........
$663,000
$770,667
$782,667
$791,231
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 MAR
$818
APR
$810,000
MAY JUN
MEDIAN SALES PRICE
JUL
$387
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Toluca Lake DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$950,000
$850,000
$1,400,000
$1,013,000
6.6%
Average Price per Square Foot ...........................
$512
$333
$441
$425
-17.0%
Properties Sold .......................................................
11
5
7
4
-63.6%
Properties Pending Sale .......................................
10
10
4
7
-30.0%
Properties For Sale ................................................
15
21
12
11
-26.7%
Days on Market (Pending Sale) ...........................
48
66
73
20
-58.3%
Month’s Supply of Inventory ................................
1.4
4.2
1.7
2.8
101.7%
Percent Under Contract ........................................
66.7%
47.6%
33.3%
63.6%
-4.5%
Average Median Price for Last 12 Months ........
$1,007,308
$1,053,333
$967,000
$995,077
-1.2%
*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 MAR
$950
APR
$1,013,000
MAY JUN
MEDIAN SALES PRICE
JUL
$425
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.013 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Valley Village DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$675,000
$770,000
$725,000
$819,000
21.3%
Average Price per Square Foot ...........................
$341
$396
$422
$414
21.4%
Properties Sold .......................................................
15
11
9
12
-20.0%
Properties Pending Sale .......................................
8
13
12
12
50.0%
Properties For Sale ................................................
19
26
20
23
21.1%
Days on Market (Pending Sale) ...........................
70
49
55
56
-20.0%
Month’s Supply of Inventory ................................
1.3
2.4
2.2
1.9
51.3%
Percent Under Contract ........................................
42.1%
50.0%
60.0%
52.2%
23.9%
Average Median Price for Last 12 Months ........
$630,923
$778,833
$743,333
$734,077
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 MAR
$675
APR
$819,000
MAY JUN
MEDIAN SALES PRICE
JUL
$414
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$819 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Woodland Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$588,000
$650,000
$636,000
$635,000
8.0%
Average Price per Square Foot ...........................
$279
$315
$308
$342
22.6%
Properties Sold .......................................................
70
65
57
46
-34.3%
Properties Pending Sale .......................................
83
57
42
72
-13.3%
Properties For Sale ................................................
84
163
115
145
72.6%
Days on Market (Pending Sale) ...........................
62
62
69
55
-11.3%
Month’s Supply of Inventory ................................
1.2
2.5
2
3.2
162.7%
Percent Under Contract ........................................
98.8%
35.0%
36.5%
49.7%
-49.7%
Average Median Price for Last 12 Months ........
$537,000
$652,333
$656,667
$646,923
20.5%
*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 MAR
$588
APR
$635,000
MAY JUN
MEDIAN SALES PRICE
JUL
$342
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$765,091
$916,364
$881,000
$1,033,545
35.1%
Average Price per Square Foot ...........................
$421
$455
$480
$496
17.8%
Properties Sold .......................................................
293
266
263
257
-12.3%
Properties Pending Sale .......................................
359
312
235
275
-23.4%
Properties For Sale ................................................
427
663
421
509
19.2%
Days on Market (Pending Sale) ...........................
50
46
51
54
7.8%
Month’s Supply of Inventory ................................
1.5
2.5
1.6
2
35.9%
Percent Under Contract ........................................
84.1%
47.1%
55.8%
54.0%
-35.7%
Average Median Price for Last 12 Months ........
$743,063
$908,515
$960,333
$887,958
19.5%
*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 MAR
$765
APR
$1,033,545
MAY JUN
MEDIAN SALES PRICE
JUL
$496
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.033 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Altadena DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$545,000
$660,000
$588,000
$550,000
0.9%
Average Price per Square Foot ...........................
$350
$381
$385
$358
2.3%
Properties Sold .......................................................
44
42
37
33
-25.0%
Properties Pending Sale .......................................
47
41
30
41
-12.8%
Properties For Sale ................................................
37
61
43
43
16.2%
Days on Market (Pending Sale) ...........................
44
40
52
51
15.9%
Month’s Supply of Inventory ................................
0.8
1.5
1.2
1.3
55.0%
Percent Under Contract ........................................
127.0%
67.2%
69.8%
95.3%
-24.9%
Average Median Price for Last 12 Months ........
$475,154
$546,333
$532,333
$575,923
21.2%
*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 MAR
$545
APR
$550,000
MAY JUN
MEDIAN SALES PRICE
JUL
$358
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Arcadia DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,250,000
$1,350,000
$1,350,000
$1,388,000
11.0%
Average Price per Square Foot ...........................
$468
$572
$572
$597
27.6%
Properties Sold .......................................................
36
35
36
45
25.0%
Properties Pending Sale .......................................
45
40
34
36
-20.0%
Properties For Sale ................................................
54
122
70
91
68.5%
Days on Market (Pending Sale) ...........................
50
54
46
48
-4.0%
Month’s Supply of Inventory ................................
1.5
3.5
1.9
2
34.8%
Percent Under Contract ........................................
83.3%
32.8%
48.6%
39.6%
-52.5%
Average Median Price for Last 12 Months ........
$993,000
$1,428,833
$1,582,667
$1,321,231
33.1%
*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 MAR
$1.250
APR
$1,388,000
MAY JUN
MEDIAN SALES PRICE
JUL
$597
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.388 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Duarte DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$334,000
$372,000
$360,000
$540,000
61.7%
Average Price per Square Foot ...........................
$273
$300
$344
$279
2.2%
Properties Sold .......................................................
14
7
9
11
-21.4%
Properties Pending Sale .......................................
21
12
12
11
-47.6%
Properties For Sale ................................................
15
21
21
18
20.0%
Days on Market (Pending Sale) ...........................
46
56
75
58
26.1%
Month’s Supply of Inventory ................................
1.1
3
2.3
1.6
52.7%
Percent Under Contract ........................................
140.0%
57.1%
57.1%
61.1%
-56.3%
Average Median Price for Last 12 Months ........
$318,846
$403,167
$417,667
$392,615
23.1%
*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 MAR
$334
APR
$540,000
MAY JUN
MEDIAN SALES PRICE
JUL
$279
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Eagle Rock DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$410,000
$572,000
$579,000
$745,000
81.7%
Average Price per Square Foot ...........................
$360
$310
$452
$388
7.8%
Properties Sold .......................................................
7
2
8
3
-57.1%
Properties Pending Sale .......................................
16
6
3
3
-81.2%
Properties For Sale ................................................
16
12
10
15
-6.2%
Days on Market (Pending Sale) ...........................
53
37
52
44
-17.0%
Month’s Supply of Inventory ................................
2.3
6
1.2
5
118.8%
Percent Under Contract ........................................
100.0%
50.0%
30.0%
20.0%
-80.0%
Average Median Price for Last 12 Months ........
$481,077
$603,167
$635,000
$574,462
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 MAR
$410
APR
$745,000
MAY JUN
MEDIAN SALES PRICE
JUL
$388
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
La Canada Flintridge DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,254,000
$1,230,000
$1,255,000
$1,560,000
24.4%
Average Price per Square Foot ...........................
$482
$505
$497
$573
18.9%
Properties Sold .......................................................
26
20
18
20
-23.1%
Properties Pending Sale .......................................
25
23
21
20
-20.0%
Properties For Sale ................................................
41
54
31
36
-12.2%
Days on Market (Pending Sale) ...........................
46
54
57
79
71.7%
Month’s Supply of Inventory ................................
1.6
2.7
1.7
1.8
14.1%
Percent Under Contract ........................................
61.0%
42.6%
67.7%
55.6%
-8.9%
Average Median Price for Last 12 Months ........
$1,135,692
$1,291,333
$1,411,000
$1,284,692
13.1%
*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 MAR
$1.254
APR
$1,560,000
MAY JUN
MEDIAN SALES PRICE
JUL
$573
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.560 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 : March 2014
telesproperties.com
Monrovia DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$478,000
$525,000
$558,000
$562,000
17.6%
Average Price per Square Foot ...........................
$335
$393
$389
$435
29.9%
Properties Sold .......................................................
28
19
21
18
-35.7%
Properties Pending Sale .......................................
35
31
18
25
-28.6%
Properties For Sale ................................................
47
62
42
61
29.8%
Days on Market (Pending Sale) ...........................
36
62
62
55
52.8%
Month’s Supply of Inventory ................................
1.7
3.3
2
3.4
101.9%
Percent Under Contract ........................................
74.5%
50.0%
42.9%
41.0%
-45.0%
Average Median Price for Last 12 Months ........
$488,077
$536,667
$523,333
$532,385
9.1%
*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 MAR
$478
APR
$562,000
MAY JUN
MEDIAN SALES PRICE
JUL
$435
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$562 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Pasadena DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$610,000
$722,000
$745,000
$740,000
21.3%
Average Price per Square Foot ...........................
$397
$441
$476
$496
24.9%
Properties Sold .......................................................
83
83
77
75
-9.6%
Properties Pending Sale .......................................
109
98
73
96
-11.9%
Properties For Sale ................................................
123
190
123
145
17.9%
Days on Market (Pending Sale) ...........................
60
50
45
60
0.0%
Month’s Supply of Inventory ................................
1.5
2.3
1.6
1.9
30.5%
Percent Under Contract ........................................
88.6%
51.6%
59.3%
66.2%
-25.3%
Average Median Price for Last 12 Months ........
$598,538
$682,833
$656,667
$688,846
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 MAR
$610
APR
$740,000
MAY JUN
MEDIAN SALES PRICE
JUL
$496
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Gabriel DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$508,000
$685,000
$637,000
$705,000
38.8%
Average Price per Square Foot ...........................
$408
$388
$388
$400
-2.0%
Properties Sold .......................................................
24
28
28
24
0.0%
Properties Pending Sale .......................................
28
24
19
22
-21.4%
Properties For Sale ................................................
50
73
44
53
6.0%
Days on Market (Pending Sale) ...........................
53
46
51
51
-3.8%
Month’s Supply of Inventory ................................
2.1
2.6
1.6
2.2
6.0%
Percent Under Contract ........................................
56.0%
32.9%
43.2%
41.5%
-25.9%
Average Median Price for Last 12 Months ........
$529,923
$640,167
$653,667
$624,308
17.8%
*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 MAR
$508
APR
$705,000
MAY JUN
MEDIAN SALES PRICE
JUL
$400
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Marino DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,428,000
$2,174,000
$2,070,000
$2,579,000
80.6%
Average Price per Square Foot ...........................
$725
$797
$751
$838
15.6%
Properties Sold .......................................................
7
14
14
11
57.1%
Properties Pending Sale .......................................
10
16
11
10
0.0%
Properties For Sale ................................................
13
21
9
11
-15.4%
Days on Market (Pending Sale) ...........................
47
47
38
42
-10.6%
Month’s Supply of Inventory ................................
1.9
1.5
0.6
1
-46.2%
Percent Under Contract ........................................
76.9%
76.2%
122.2%
90.9%
18.2%
Average Median Price for Last 12 Months ........
$1,585,077
$2,060,667
$2,306,333
$1,952,769
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 MAR
$1.428
APR
$2,579,000
MAY JUN
MEDIAN SALES PRICE
JUL
$838
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.579 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sierra Madre DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$721,000
$906,000
$725,000
$960,000
33.1%
Average Price per Square Foot ...........................
$404
$421
$436
$479
18.6%
Properties Sold .......................................................
14
6
7
9
-35.7%
Properties Pending Sale .......................................
9
9
7
3
-66.7%
Properties For Sale ................................................
21
32
17
17
-19.0%
Days on Market (Pending Sale) ...........................
79
28
63
60
-24.1%
Month’s Supply of Inventory ................................
1.5
5.3
2.4
1.9
25.9%
Percent Under Contract ........................................
42.9%
28.1%
41.2%
17.6%
-58.8%
Average Median Price for Last 12 Months ........
$653,846
$876,167
$929,000
$866,231
32.5%
*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 MAR
$721
APR
$960,000
MAY JUN
MEDIAN SALES PRICE
JUL
$479
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
South Pasadena DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$878,000
$884,000
$824,000
$1,040,000
18.5%
Average Price per Square Foot ...........................
$432
$501
$585
$615
42.4%
Properties Sold .......................................................
10
10
8
8
-20.0%
Properties Pending Sale .......................................
14
12
7
8
-42.9%
Properties For Sale ................................................
10
15
11
19
90.0%
Days on Market (Pending Sale) ...........................
39
31
24
48
23.1%
Month’s Supply of Inventory ................................
1
1.5
1.4
2.4
137.5%
Percent Under Contract ........................................
140.0%
80.0%
63.6%
42.1%
-69.9%
Average Median Price for Last 12 Months ........
$914,154
$924,333
$916,000
$954,077
4.4%
*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 MAR
$878
APR
$1,040,000
MAY JUN
MEDIAN SALES PRICE
JUL
$615
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.040 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Orange County
Orange County Macro
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Ladera Ranch
San Clemente
Micro Market Report : March 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : March 2014
telesproperties.com
Orange County DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$590,000
$644,250
$665,000
$650,000
10.2%
Average Price per Square Foot ...........................
$352
$392
$383
$390
10.8%
Properties Sold .......................................................
1709
1520
1449
1391
-18.6%
Properties Pending Sale .......................................
2015
1486
1064
1821
-9.6%
Properties For Sale ................................................
4,951
6,622
5,199
6,354
28.3%
Days on Market (Pending Sale) ...........................
63
55
63
50
-20.6%
Month’s Supply of Inventory ................................
2.9
4.4
3.6
4.6
57.7%
Percent Under Contract ........................................
40.7%
22.4%
20.5%
28.7%
-29.6%
Average Median Price for Last 12 Months ........
$534,000
$651,283
$651,667
$641,381
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 MAR
$590
APR
$650,000
MAY JUN
MEDIAN SALES PRICE
JUL
$390
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Balboa Peninsula DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,625,000
$2,645,000
$1,825,000
$2,065,000
27.1%
Average Price per Square Foot ...........................
$741
$994
$745
$736
-0.7%
Properties Sold .......................................................
3
6
3
3
0.0%
Properties Pending Sale .......................................
14
6
5
5
-64.3%
Properties For Sale ................................................
52
50
40
38
-26.9%
Days on Market (Pending Sale) ...........................
152
234
64
130
-14.5%
Month’s Supply of Inventory ................................
17.3
8.3
13.3
12.7
-26.9%
Percent Under Contract ........................................
26.9%
12.0%
12.5%
13.2%
-51.1%
Average Median Price for Last 12 Months ........
$1,904,000
$2,980,250
$2,973,000
$2,609,731
37.1%
*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 MAR
$1.625
APR
$2,065,000
MAY JUN
MEDIAN SALES PRICE
JUL
$736
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
12.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.065 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,475,000
$2,500,000
$3,659,000
$2,835,000
14.5%
Average Price per Square Foot ...........................
$823
$993
$953
$1,008
22.5%
Properties Sold .......................................................
16
13
16
9
-43.8%
Properties Pending Sale .......................................
13
11
6
14
7.7%
Properties For Sale ................................................
61
74
50
57
-6.6%
Days on Market (Pending Sale) ...........................
108
76
178
58
-46.3%
Month’s Supply of Inventory ................................
3.8
5.7
3.1
6.3
66.1%
Percent Under Contract ........................................
21.3%
14.9%
12.0%
24.6%
15.2%
Average Median Price for Last 12 Months ........
$1,794,000
$2,584,208
$2,552,917
$2,464,962
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 MAR
$2.475
APR
$2,835,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,008
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Coto de Caza DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$931,250
$987,000
$1,035,000
$1,121,000
20.4%
Average Price per Square Foot ...........................
$288
$321
$321
$321
11.5%
Properties Sold .......................................................
30
16
20
18
-40.0%
Properties Pending Sale .......................................
30
16
12
22
-26.7%
Properties For Sale ................................................
96
130
101
121
26.0%
Days on Market (Pending Sale) ...........................
73
140
84
48
-34.2%
Month’s Supply of Inventory ................................
3.2
8.1
5
6.7
110.1%
Percent Under Contract ........................................
31.2%
12.3%
11.9%
18.2%
-41.8%
Average Median Price for Last 12 Months ........
$904,000
$1,123,083
$1,077,000
$1,065,804
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 MAR
$931
APR
$1,121,000
MAY JUN
MEDIAN SALES PRICE
JUL
$321
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.121 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Crystal Cove DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$3,975,000
$5,787,500
$3,500,000
$3,880,000
-2.4%
Average Price per Square Foot ...........................
$1,026
$1,072
$992
$1,125
9.6%
Properties Sold .......................................................
3
2
1
3
0.0%
Properties Pending Sale .......................................
4
3
2
4
0.0%
Properties For Sale ................................................
24
23
17
21
-12.5%
Days on Market (Pending Sale) ...........................
113
118
120
104
-8.0%
Month’s Supply of Inventory ................................
8
11.5
17
7
-12.5%
Percent Under Contract ........................................
16.7%
13.0%
11.8%
19.0%
14.3%
Average Median Price for Last 12 Months ........
$3,998,000
$4,345,500
$4,433,000
$4,521,962
13.1%
*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 MAR
$3.975
APR
$3,880,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,125
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Dana Point DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$729,500
$1,060,000
$885,000
$909,950
24.7%
Average Price per Square Foot ...........................
$544
$566
$511
$566
4.0%
Properties Sold .......................................................
39
34
34
20
-48.7%
Properties Pending Sale .......................................
30
30
23
29
-3.3%
Properties For Sale ................................................
139
200
153
158
13.7%
Days on Market (Pending Sale) ...........................
80
78
62
38
-52.5%
Month’s Supply of Inventory ................................
3.6
5.9
4.5
7.9
121.7%
Percent Under Contract ........................................
21.6%
15.0%
15.0%
18.4%
-15.0%
Average Median Price for Last 12 Months ........
$755,000
$885,325
$866,483
$895,573
18.6%
*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 MAR
$729
APR
$909,950
MAY JUN
MEDIAN SALES PRICE
JUL
$566
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$909 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
East Bluff - Harbor View DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,355,000
$1,737,500
$1,617,500
$1,725,000
27.3%
Average Price per Square Foot ...........................
$585
$650
$648
$627
7.2%
Properties Sold .......................................................
26
16
14
10
-61.5%
Properties Pending Sale .......................................
33
18
9
22
-33.3%
Properties For Sale ................................................
84
77
56
94
11.9%
Days on Market (Pending Sale) ...........................
75
50
80
65
-13.3%
Month’s Supply of Inventory ................................
3.2
4.8
4
9.4
191.0%
Percent Under Contract ........................................
39.3%
23.4%
16.1%
23.4%
-40.4%
Average Median Price for Last 12 Months ........
$1,338,000
$1,665,125
$1,673,000
$1,704,208
27.4%
*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 MAR
$1.355
APR
$1,725,000
MAY JUN
MEDIAN SALES PRICE
JUL
$627
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
East Costa Mesa DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$724,950
$858,750
$900,000
$925,000
27.6%
Average Price per Square Foot ...........................
$443
$494
$530
$545
23.0%
Properties Sold .......................................................
22
10
12
14
-36.4%
Properties Pending Sale .......................................
16
17
12
19
18.8%
Properties For Sale ................................................
38
62
46
73
92.1%
Days on Market (Pending Sale) ...........................
48
62
71
42
-12.5%
Month’s Supply of Inventory ................................
1.7
6.2
3.8
5.2
201.9%
Percent Under Contract ........................................
42.1%
27.4%
26.1%
26.0%
-38.2%
Average Median Price for Last 12 Months ........
$702,000
$853,433
$835,667
$848,562
20.9%
*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 MAR
$724
APR
$925,000
MAY JUN
MEDIAN SALES PRICE
JUL
$545
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Fountain Valley DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$588,750
$623,000
$655,000
$654,000
11.1%
Average Price per Square Foot ...........................
$290
$336
$322
$360
24.1%
Properties Sold .......................................................
22
17
14
26
18.2%
Properties Pending Sale .......................................
31
22
22
31
0.0%
Properties For Sale ................................................
59
74
64
69
16.9%
Days on Market (Pending Sale) ...........................
41
37
49
36
-12.2%
Month’s Supply of Inventory ................................
2.7
4.4
4.6
2.7
-1.0%
Percent Under Contract ........................................
52.5%
29.7%
34.4%
44.9%
-14.5%
Average Median Price for Last 12 Months ........
$568,000
$658,083
$650,333
$648,019
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 MAR
$588
APR
$654,000
MAY JUN
MEDIAN SALES PRICE
JUL
$360
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$654 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Huntington Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$690,000
$749,000
$750,000
$750,000
8.7%
Average Price per Square Foot ...........................
$388
$398
$426
$416
7.2%
Properties Sold .......................................................
92
113
100
95
3.3%
Properties Pending Sale .......................................
125
123
57
130
4.0%
Properties For Sale ................................................
307
402
298
407
32.6%
Days on Market (Pending Sale) ...........................
47
51
58
66
40.4%
Month’s Supply of Inventory ................................
3.3
3.6
3
4.3
28.4%
Percent Under Contract ........................................
40.7%
30.6%
19.1%
31.9%
-21.6%
Average Median Price for Last 12 Months ........
$631,000
$733,750
$735,833
$716,192
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 MAR
$690
APR
$750,000
MAY JUN
MEDIAN SALES PRICE
JUL
$416
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Irvine DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$835,000
$907,000
$893,192
$922,500
10.5%
Average Price per Square Foot ...........................
$412
$432
$451
$460
11.7%
Properties Sold .......................................................
113
96
75
80
-29.2%
Properties Pending Sale .......................................
119
88
53
99
-16.8%
Properties For Sale ................................................
241
370
275
359
49.0%
Days on Market (Pending Sale) ...........................
47
50
61
42
-10.6%
Month’s Supply of Inventory ................................
2.1
3.9
3.7
4.5
110.4%
Percent Under Contract ........................................
49.4%
23.8%
19.3%
27.6%
-44.2%
Average Median Price for Last 12 Months ........
$773,000
$891,532
$903,667
$888,284
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 MAR
$835
APR
$922,500
MAY JUN
MEDIAN SALES PRICE
JUL
$460
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Ladera Ranch DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$867,725
$817,500
$810,000
$870,153
0.3%
Average Price per Square Foot ...........................
$281
$310
$316
$304
8.2%
Properties Sold .......................................................
26
30
27
27
3.8%
Properties Pending Sale .......................................
27
20
19
23
-14.8%
Properties For Sale ................................................
81
128
89
114
40.7%
Days on Market (Pending Sale) ...........................
36
55
45
30
-16.7%
Month’s Supply of Inventory ................................
3.1
4.3
3.3
4.2
35.5%
Percent Under Contract ........................................
33.3%
15.6%
21.3%
20.2%
-39.5%
Average Median Price for Last 12 Months ........
$709,000
$871,276
$881,718
$851,082
20.0%
*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 MAR
$867
APR
$870,153
MAY JUN
MEDIAN SALES PRICE
JUL
$304
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$870 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Laguna Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,375,000
$1,577,500
$1,470,000
$2,272,500
65.3%
Average Price per Square Foot ...........................
$801
$834
$759
$888
10.9%
Properties Sold .......................................................
31
32
31
24
-22.6%
Properties Pending Sale .......................................
38
31
11
40
5.3%
Properties For Sale ................................................
219
266
208
254
16.0%
Days on Market (Pending Sale) ...........................
89
109
102
102
14.6%
Month’s Supply of Inventory ................................
7.1
8.3
6.7
10.6
49.8%
Percent Under Contract ........................................
17.4%
11.7%
5.3%
15.7%
-9.2%
Average Median Price for Last 12 Months ........
$1,411,000
$1,933,750
$2,180,833
$1,769,881
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 MAR
$1.375
APR
$2,272,500
MAY JUN
MEDIAN SALES PRICE
JUL
$888
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.272 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Laguna Niguel DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$734,500
$760,000
$820,000
$789,000
7.4%
Average Price per Square Foot ...........................
$326
$390
$370
$431
32.2%
Properties Sold .......................................................
46
54
47
51
10.9%
Properties Pending Sale .......................................
67
48
31
69
3.0%
Properties For Sale ................................................
190
212
178
271
42.6%
Days on Market (Pending Sale) ...........................
62
48
77
40
-35.5%
Month’s Supply of Inventory ................................
4.1
3.9
3.8
5.3
28.6%
Percent Under Contract ........................................
35.3%
22.6%
17.4%
25.5%
-27.8%
Average Median Price for Last 12 Months ........
$653,000
$797,400
$785,500
$783,315
20.0%
*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 MAR
$734
APR
$789,000
MAY JUN
MEDIAN SALES PRICE
JUL
$431
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$789 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Laguna Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$665,000
$610,000
$700,000
$675,000
1.5%
Average Price per Square Foot ...........................
$326
$336
$321
$334
2.5%
Properties Sold .......................................................
15
21
20
19
26.7%
Properties Pending Sale .......................................
33
16
10
25
-24.2%
Properties For Sale ................................................
73
91
61
95
30.1%
Days on Market (Pending Sale) ...........................
38
40
51
67
76.3%
Month’s Supply of Inventory ................................
4.9
4.3
3
5
2.7%
Percent Under Contract ........................................
45.2%
17.6%
16.4%
26.3%
-41.8%
Average Median Price for Last 12 Months ........
$622,000
$712,083
$697,500
$704,077
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 MAR
$665
APR
$675,000
MAY JUN
MEDIAN SALES PRICE
JUL
$334
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Laguna Woods DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$539,000
$587,000
$0
$772,000
43.2%
Average Price per Square Foot ...........................
$405
$402
$0
$432
6.7%
Properties Sold .......................................................
1
2
0
1
0.0%
Properties Pending Sale .......................................
0
1
2
0
0%
Properties For Sale ................................................
2
1
2
0
-100.0%
Days on Market (Pending Sale) ...........................
0
59
76
0
0%
Month’s Supply of Inventory ................................
2
0.5
0
0
-100.0%
Percent Under Contract ........................................
0.0%
100.0%
100.0%
0%
0%
Average Median Price for Last 12 Months ........
$621,000
$650,500
$627,500
$621,250
0.0%
*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 MAR
$539
APR
$772,000
MAY JUN
MEDIAN SALES PRICE
JUL
$432
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
No sales MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$772 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,105,000
$3,912,500
$2,024,750
$4,600,000
118.5%
Average Price per Square Foot ...........................
$832
$1,179
$944
$1,704
104.8%
Properties Sold .......................................................
6
8
4
1
-83.3%
Properties Pending Sale .......................................
7
2
4
6
-14.3%
Properties For Sale ................................................
34
35
38
49
44.1%
Days on Market (Pending Sale) ...........................
128
2
122
64
-50.0%
Month’s Supply of Inventory ................................
5.7
4.4
9.5
49
764.7%
Percent Under Contract ........................................
20.6%
5.7%
10.5%
12.2%
-40.5%
Average Median Price for Last 12 Months ........
$2,304,000
$2,875,375
$3,387,500
$2,724,981
18.3%
*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 MAR
$2.105
APR
$4,600,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,704
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
49 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$4.600 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 : March 2014
telesproperties.com
Mission Viejo DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$575,000
$597,000
$639,000
$615,000
7.0%
Average Price per Square Foot ...........................
$294
$309
$319
$318
8.2%
Properties Sold .......................................................
94
82
81
68
-27.7%
Properties Pending Sale .......................................
89
81
58
79
-11.2%
Properties For Sale ................................................
186
286
213
267
43.5%
Days on Market (Pending Sale) ...........................
42
48
75
50
19.0%
Month’s Supply of Inventory ................................
2
3.5
2.6
3.9
98.4%
Percent Under Contract ........................................
47.8%
28.3%
27.2%
29.6%
-38.2%
Average Median Price for Last 12 Months ........
$521,000
$628,333
$614,500
$615,577
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 MAR
$575
APR
$615,000
MAY JUN
MEDIAN SALES PRICE
JUL
$318
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Newport Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,542,500
$1,912,500
$1,600,000
$1,849,500
19.9%
Average Price per Square Foot ...........................
$619
$808
$690
$726
17.3%
Properties Sold .......................................................
56
46
53
32
-42.9%
Properties Pending Sale .......................................
84
47
33
67
-20.2%
Properties For Sale ................................................
272
306
236
323
18.8%
Days on Market (Pending Sale) ...........................
91
79
86
62
-31.9%
Month’s Supply of Inventory ................................
4.9
6.7
4.5
10.1
107.8%
Percent Under Contract ........................................
30.9%
15.4%
14.0%
20.7%
-32.8%
Average Median Price for Last 12 Months ........
$1,441,000
$1,818,250
$1,821,500
$1,750,712
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 MAR
$1.542
APR
$1,849,500
MAY JUN
MEDIAN SALES PRICE
JUL
$726
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.849 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Newport Coast DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$3,797,500
$3,102,500
$1,877,500
$2,747,500
-27.6%
Average Price per Square Foot ...........................
$767
$801
$712
$828
8.0%
Properties Sold .......................................................
18
18
10
14
-22.2%
Properties Pending Sale .......................................
29
11
7
16
-44.8%
Properties For Sale ................................................
93
91
68
89
-4.3%
Days on Market (Pending Sale) ...........................
113
59
101
51
-54.9%
Month’s Supply of Inventory ................................
5.2
5.1
6.8
6.4
23.0%
Percent Under Contract ........................................
31.2%
12.1%
10.3%
18.0%
-42.3%
Average Median Price for Last 12 Months ........
$2,381,000
$2,800,000
$3,204,167
$2,901,692
21.9%
*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 $3.797
MAR APR
$2,747,500
MAY JUN
MEDIAN SALES PRICE
JUL
$828
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Newport Heights DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,540,000
$1,650,000
$1,952,812
$1,590,000
3.2%
Average Price per Square Foot ...........................
$605
$634
$686
$764
26.3%
Properties Sold .......................................................
5
5
8
4
-20.0%
Properties Pending Sale .......................................
8
4
7
15
87.5%
Properties For Sale ................................................
27
35
26
36
33.3%
Days on Market (Pending Sale) ...........................
106
97
89
56
-47.2%
Month’s Supply of Inventory ................................
5.4
7
3.2
9
66.7%
Percent Under Contract ........................................
29.6%
11.4%
26.9%
41.7%
40.6%
Average Median Price for Last 12 Months ........
$1,313,000
$1,642,802
$1,635,500
$1,565,524
19.2%
*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 MAR
$1.540
APR
$1,590,000
MAY JUN
MEDIAN SALES PRICE
JUL
$764
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Rancho Santa Margarita DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$620,000
$650,000
$619,000
$612,000
-1.3%
Average Price per Square Foot ...........................
$268
$306
$303
$319
19.0%
Properties Sold .......................................................
50
35
33
41
-18.0%
Properties Pending Sale .......................................
52
37
22
38
-26.9%
Properties For Sale ................................................
85
147
101
131
54.1%
Days on Market (Pending Sale) ...........................
35
53
53
45
28.6%
Month’s Supply of Inventory ................................
1.7
4.2
3.1
3.2
87.9%
Percent Under Contract ........................................
61.2%
25.2%
21.8%
29.0%
-52.6%
Average Median Price for Last 12 Months ........
$538,000
$637,667
$649,000
$633,287
17.7%
*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 MAR
$620
APR
$612,000
MAY JUN
MEDIAN SALES PRICE
JUL
$319
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$612 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Clemente DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$755,000
$837,500
$850,000
$816,000
8.1%
Average Price per Square Foot ...........................
$316
$357
$389
$371
17.4%
Properties Sold .......................................................
69
56
51
40
-42.0%
Properties Pending Sale .......................................
77
44
46
80
3.9%
Properties For Sale ................................................
228
303
234
281
23.2%
Days on Market (Pending Sale) ...........................
63
76
66
58
-7.9%
Month’s Supply of Inventory ................................
3.3
5.4
4.6
7
112.6%
Percent Under Contract ........................................
33.8%
14.5%
19.7%
28.5%
-15.7%
Average Median Price for Last 12 Months ........
$710,000
$805,833
$794,667
$813,846
14.6%
*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 MAR
$755
APR
$816,000
MAY JUN
MEDIAN SALES PRICE
JUL
$371
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$816 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
San Juan Capistrano DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$805,000
$925,000
$877,500
$815,000
1.2%
Average Price per Square Foot ...........................
$332
$315
$379
$373
12.3%
Properties Sold .......................................................
20
24
20
27
35.0%
Properties Pending Sale .......................................
30
22
21
28
-6.7%
Properties For Sale ................................................
113
153
130
132
16.8%
Days on Market (Pending Sale) ...........................
87
94
97
87
0.0%
Month’s Supply of Inventory ................................
5.6
6.4
6.5
4.9
-13.5%
Percent Under Contract ........................................
26.5%
14.4%
16.2%
21.2%
-20.1%
Average Median Price for Last 12 Months ........
$613,000
$907,667
$1,060,333
$863,669
40.9%
*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 MAR
$805
APR
$815,000
MAY JUN
MEDIAN SALES PRICE
JUL
$373
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$815 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Shady Canyon DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$4,475,000
$0
$6,300,000
$5,619,000
25.6%
Average Price per Square Foot ...........................
$726
$0
$810
$677
-6.7%
Properties Sold .......................................................
2
0
1
2
0.0%
Properties Pending Sale .......................................
1
0
1
2
100.0%
Properties For Sale ................................................
12
9
8
6
-50.0%
Days on Market (Pending Sale) ...........................
185
0
1
275
48.6%
Month’s Supply of Inventory ................................
6
0
8
3
-50.0%
Percent Under Contract ........................................
8.3%
0.0%
12.5%
33.3%
300.0%
Average Median Price for Last 12 Months ........
$4,598,000
$5,959,500
$5,619,000
$5,621,917
22.3%
*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 MAR
$4.475
APR
$5,619,000
MAY JUN
MEDIAN SALES PRICE
JUL
$677
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$5.619 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Turtle Ridge DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,582,500
$0
$1,925,000
$2,075,000
31.1%
Average Price per Square Foot ...........................
$555
$0
$681
$602
8.5%
Properties Sold .......................................................
4
0
3
4
0.0%
Properties Pending Sale .......................................
6
2
3
1
-83.3%
Properties For Sale ................................................
17
26
24
28
64.7%
Days on Market (Pending Sale) ...........................
65
88
145
149
129.2%
Month’s Supply of Inventory ................................
4.2
0
8
7
64.7%
Percent Under Contract ........................................
35.3%
7.7%
12.5%
3.6%
-89.9%
Average Median Price for Last 12 Months ........
$1,980,000
$2,417,516
$2,385,865
$2,238,883
13.1%
*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 MAR
$1.582
APR
$2,075,000
MAY JUN
MEDIAN SALES PRICE
JUL
$602
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Turtle Rock DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$960,000
$1,069,700
$2,990,000
$1,390,000
44.8%
Average Price per Square Foot ...........................
$449
$491
$444
$532
18.5%
Properties Sold .......................................................
3
5
1
3
0.0%
Properties Pending Sale .......................................
2
0
1
1
-50.0%
Properties For Sale ................................................
7
6
5
4
-42.9%
Days on Market (Pending Sale) ...........................
68
0
182
1
-98.5%
Month’s Supply of Inventory ................................
2.3
1.2
5
1.3
-42.9%
Percent Under Contract ........................................
28.6%
0.0%
20.0%
25.0%
-12.5%
Average Median Price for Last 12 Months ........
$1,000,000
$1,932,472
$1,495,444
$1,460,843
46.1%
*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 MAR
$960
APR
$1,390,000
MAY JUN
MEDIAN SALES PRICE
JUL
$532
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
1.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.390 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Westminster DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$450,000
$485,000
$502,500
$495,000
10.0%
Average Price per Square Foot ...........................
$284
$300
$307
$330
16.2%
Properties Sold .......................................................
33
35
30
31
-6.1%
Properties Pending Sale .......................................
33
43
17
48
45.5%
Properties For Sale ................................................
85
117
78
124
45.9%
Days on Market (Pending Sale) ...........................
38
40
43
42
10.5%
Month’s Supply of Inventory ................................
2.6
3.3
2.6
4
55.3%
Percent Under Contract ........................................
38.8%
36.8%
21.8%
38.7%
-0.3%
Average Median Price for Last 12 Months ........
$409,000
$508,333
$510,500
$499,269
22.1%
*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 MAR
$450
APR
$495,000
MAY JUN
MEDIAN SALES PRICE
JUL
$330
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,210,000
$1,432,500
$1,300,000
$1,800,000
48.8%
Average Price per Square Foot ...........................
$431
$574
$581
$496
15.1%
Properties Sold .......................................................
9
8
13
8
-11.1%
Properties Pending Sale .......................................
18
12
5
15
-16.7%
Properties For Sale ................................................
41
60
35
59
43.9%
Days on Market (Pending Sale) ...........................
84
60
81
51
-39.3%
Month’s Supply of Inventory ................................
4.6
7.5
2.7
7.4
61.9%
Percent Under Contract ........................................
43.9%
20.0%
14.3%
25.4%
-42.1%
Average Median Price for Last 12 Months ........
$1,206,000
$1,606,000
$1,662,833
$1,470,346
21.9%
*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 MAR
$1.210
APR
$1,800,000
MAY JUN
MEDIAN SALES PRICE
JUL
$496
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.4 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
West Newport - Lido DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,550,000
$3,587,500
$1,829,650
$3,087,000
99.2%
Average Price per Square Foot ...........................
$883
$1,404
$779
$1,232
39.5%
Properties Sold .......................................................
7
2
10
6
-14.3%
Properties Pending Sale .......................................
7
5
3
4
-42.9%
Properties For Sale ................................................
38
49
41
47
23.7%
Days on Market (Pending Sale) ...........................
86
55
87
22
-74.4%
Month’s Supply of Inventory ................................
5.4
24.5
4.1
7.8
44.3%
Percent Under Contract ........................................
18.4%
10.2%
7.3%
8.5%
-53.8%
Average Median Price for Last 12 Months ........
$1,721,000
$1,903,192
$2,067,333
$1,924,512
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 MAR
$1.550
APR
$3,087,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,232
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$3.087 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 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 : March 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : March 2014
telesproperties.com
Carpinteria DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$909,500
$675,000
$869,000
$901,000
-0.9%
Average Price per Square Foot ...........................
$613
$824
$1,052
$1,297
111.6%
Properties Sold .......................................................
4
9
11
4
0.0%
Properties Pending Sale .......................................
5
7
2
13
160.0%
Properties For Sale ................................................
49
54
31
44
-10.2%
Days on Market (Pending Sale) ...........................
11
156
28
36
227.3%
Month’s Supply of Inventory ................................
12.2
6
2.8
11
-10.2%
Percent Under Contract ........................................
10.2%
13.0%
6.5%
29.5%
189.5%
Average Median Price for Last 12 Months ........
$1,160,000
$1,438,122
$1,538,910
$1,097,553
-5.4%
*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 MAR
$909
APR
$901,000
MAY JUN
MEDIAN SALES PRICE
JUL
$1,297
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
11 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$901 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Goleta DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$595,000
$775,000
$735,000
$720,000
21.0%
Average Price per Square Foot ...........................
$378
$442
$468
$455
20.4%
Properties Sold .......................................................
13
15
9
10
-23.1%
Properties Pending Sale .......................................
6
7
6
17
183.3%
Properties For Sale ................................................
15
32
23
31
106.7%
Days on Market (Pending Sale) ...........................
11
17
56
24
118.2%
Month’s Supply of Inventory ................................
1.2
2.1
2.6
3.1
168.7%
Percent Under Contract ........................................
40.0%
21.9%
26.1%
54.8%
37.1%
Average Median Price for Last 12 Months ........
$651,000
$799,917
$829,667
$761,048
16.9%
*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 MAR
$595
APR
$720,000
MAY JUN
MEDIAN SALES PRICE
JUL
$455
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Hope Ranch DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,038,000
$2,375,000
$2,615,000
$5,130,750
151.8%
Average Price per Square Foot ...........................
$573
$882
$791
$872
52.2%
Properties Sold .......................................................
6
1
3
4
-33.3%
Properties Pending Sale .......................................
3
1
3
1
-66.7%
Properties For Sale ................................................
28
34
37
36
28.6%
Days on Market (Pending Sale) ...........................
14
7
217
29
107.1%
Month’s Supply of Inventory ................................
4.7
34
12.3
9
92.9%
Percent Under Contract ........................................
10.7%
2.9%
8.1%
2.8%
-74.1%
Average Median Price for Last 12 Months ........
$2,478,000
$3,701,792
$4,173,583
$2,971,016
19.9%
*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 MAR
$2.038
APR
$5,130,750
MAY JUN
MEDIAN SALES PRICE
JUL
$872
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$5.130 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Montecito DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$2,850,000
$2,575,000
$2,030,000
$2,500,000
-12.3%
Average Price per Square Foot ...........................
$986
$804
$948
$956
-3.0%
Properties Sold .......................................................
17
19
18
10
-41.2%
Properties Pending Sale .......................................
17
13
18
27
58.8%
Properties For Sale ................................................
192
189
160
171
-10.9%
Days on Market (Pending Sale) ...........................
184
147
138
97
-47.3%
Month’s Supply of Inventory ................................
11.3
9.9
8.9
17.1
51.4%
Percent Under Contract ........................................
8.9%
6.9%
11.2%
15.8%
78.3%
Average Median Price for Last 12 Months ........
$2,243,000
$2,288,458
$2,295,000
$2,384,442
6.3%
*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 MAR
$2.850
APR
$2,500,000
MAY JUN
MEDIAN SALES PRICE
JUL
$956
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
17.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Santa Barbara East of State DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$995,000
$970,000
$1,250,000
$1,360,000
36.7%
Average Price per Square Foot ...........................
$528
$590
$751
$702
33.0%
Properties Sold .......................................................
27
19
23
15
-44.4%
Properties Pending Sale .......................................
33
28
16
24
-27.3%
Properties For Sale ................................................
130
149
104
104
-20.0%
Days on Market (Pending Sale) ...........................
25
38
67
63
152.0%
Month’s Supply of Inventory ................................
4.8
7.8
4.5
6.9
44.0%
Percent Under Contract ........................................
25.4%
18.8%
15.4%
23.1%
-9.1%
Average Median Price for Last 12 Months ........
$898,000
$1,150,083
$1,225,167
$1,084,183
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 MAR
$995
APR
$1,360,000
MAY JUN
MEDIAN SALES PRICE
JUL
$702
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Santa Barbara West of State DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$742,500
$888,000
$858,000
$950,000
27.9%
Average Price per Square Foot ...........................
$519
$568
$586
$750
44.5%
Properties Sold .......................................................
18
29
25
15
-16.7%
Properties Pending Sale .......................................
26
26
16
21
-19.2%
Properties For Sale ................................................
86
84
48
63
-26.7%
Days on Market (Pending Sale) ...........................
55
45
40
34
-38.2%
Month’s Supply of Inventory ................................
4.8
2.9
1.9
4.2
-12.1%
Percent Under Contract ........................................
30.2%
31.0%
33.3%
33.3%
10.3%
Average Median Price for Last 12 Months ........
$693,000
$926,750
$970,000
$894,000
29.0%
*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 MAR
$742
APR
$950,000
MAY JUN
MEDIAN SALES PRICE
JUL
$750
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Santa Ynez DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$963,250
$590,000
$600,000
$590,000
-38.7%
Average Price per Square Foot ...........................
$434
$351
$268
$340
-21.7%
Properties Sold .......................................................
7
9
7
13
85.7%
Properties Pending Sale .......................................
11
8
3
13
18.2%
Properties For Sale ................................................
96
123
104
123
28.1%
Days on Market (Pending Sale) ...........................
99
39
81
61
-38.4%
Month’s Supply of Inventory ................................
13.7
13.7
14.9
9.5
-31.0%
Percent Under Contract ........................................
11.5%
6.5%
2.9%
10.6%
-7.8%
Average Median Price for Last 12 Months ........
$669,000
$706,917
$789,167
$699,058
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 $963
MAR APR
$590,000
MAY JUN
MEDIAN SALES PRICE
JUL
$340
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : March 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : March 2014
telesproperties.com
Carmel DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,210,000
$1,412,750
$1,302,500
$1,250,000
3.3%
Average Price per Square Foot ...........................
$782
$828
$727
$813
4.0%
Properties Sold .......................................................
27
20
20
20
-25.9%
Properties Pending Sale .......................................
25
11
8
27
8.0%
Properties For Sale ................................................
151
168
132
153
1.3%
Days on Market (Pending Sale) ...........................
150
83
251
122
-18.7%
Month’s Supply of Inventory ................................
5.6
8.4
6.6
7.6
36.8%
Percent Under Contract ........................................
16.6%
6.5%
6.1%
17.6%
6.6%
Average Median Price for Last 12 Months ........
$1,122,000
$1,411,563
$1,551,458
$1,336,125
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 MAR
$1.210
APR
$1,250,000
MAY JUN
MEDIAN SALES PRICE
JUL
$813
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
7.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Carmel Valley DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$950,000
$970,000
$1,165,000
$1,093,750
15.1%
Average Price per Square Foot ...........................
$378
$328
$440
$406
7.4%
Properties Sold .......................................................
11
5
20
10
-9.1%
Properties Pending Sale .......................................
12
5
9
24
100.0%
Properties For Sale ................................................
89
114
95
102
14.6%
Days on Market (Pending Sale) ...........................
83
91
189
93
12.0%
Month’s Supply of Inventory ................................
8.1
22.8
4.8
10.2
26.1%
Percent Under Contract ........................................
13.5%
4.4%
9.5%
23.5%
74.5%
Average Median Price for Last 12 Months ........
$812,000
$1,164,125
$1,187,083
$994,173
22.4%
*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 MAR
$950
APR
$1,093,750
MAY JUN
MEDIAN SALES PRICE
JUL
$406
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.093 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Pacific Grove DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$620,000
$686,750
$799,500
$680,202
9.7%
Average Price per Square Foot ...........................
$392
$434
$531
$481
22.7%
Properties Sold .......................................................
21
14
10
12
-42.9%
Properties Pending Sale .......................................
17
11
12
15
-11.8%
Properties For Sale ................................................
66
66
48
56
-15.2%
Days on Market (Pending Sale) ...........................
86
101
42
51
-40.7%
Month’s Supply of Inventory ................................
3.1
4.7
4.8
4.7
48.5%
Percent Under Contract ........................................
25.8%
16.7%
25.0%
26.8%
4.0%
Average Median Price for Last 12 Months ........
$598,000
$736,642
$732,484
$704,758
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 MAR
$620
APR
$680,202
MAY JUN
MEDIAN SALES PRICE
JUL
$481
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$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 : March 2014
telesproperties.com
Pebble Beach DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,262,500
$2,000,000
$2,000,000
$1,482,500
17.4%
Average Price per Square Foot ...........................
$484
$759
$695
$510
5.4%
Properties Sold .......................................................
18
11
7
10
-44.4%
Properties Pending Sale .......................................
10
9
7
16
60.0%
Properties For Sale ................................................
81
95
79
83
2.5%
Days on Market (Pending Sale) ...........................
24
125
109
127
429.2%
Month’s Supply of Inventory ................................
4.5
8.6
11.3
8.3
84.4%
Percent Under Contract ........................................
12.3%
9.5%
8.9%
19.3%
56.1%
Average Median Price for Last 12 Months ........
$1,121,000
$1,485,371
$1,584,833
$1,524,402
36.0%
*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 MAR
$1.262
APR
$1,482,500
MAY JUN
MEDIAN SALES PRICE
JUL
$510
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
8.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$1.482 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
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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 : March 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : March 2014
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Beverly Center - Miracle Mile DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$540,000
$585,000
$825,000
$645,000
19.4%
Average Price per Square Foot ...........................
$405
$443
$522
$531
31.1%
Properties Sold .......................................................
6
6
9
6
0.0%
Properties Pending Sale .......................................
4
7
3
8
100.0%
Properties For Sale ................................................
17
34
22
28
64.7%
Days on Market (Pending Sale) ...........................
28
57
80
42
50.0%
Month’s Supply of Inventory ................................
2.8
5.7
2.4
4.7
64.7%
Percent Under Contract ........................................
23.5%
20.6%
13.6%
28.6%
21.4%
Average Median Price for Last 12 Months ........
$527,000
$706,083
$636,500
$644,888
22.4%
*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 MAR
$540
APR
$645,000
MAY JUN
MEDIAN SALES PRICE
JUL
$531
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Beverly Hills DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$929,000
$886,000
$912,500
$850,000
-8.5%
Average Price per Square Foot ...........................
$566
$480
$552
$630
11.3%
Properties Sold .......................................................
11
6
8
6
-45.5%
Properties Pending Sale .......................................
12
8
4
9
-25.0%
Properties For Sale ................................................
48
43
47
55
14.6%
Days on Market (Pending Sale) ...........................
93
39
145
69
-25.8%
Month’s Supply of Inventory ................................
4.4
7.2
5.9
9.2
110.1%
Percent Under Contract ........................................
25.0%
18.6%
8.5%
16.4%
-34.5%
Average Median Price for Last 12 Months ........
$886,000
$1,045,500
$1,129,333
$958,192
8.1%
*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 MAR
$929
APR
$850,000
MAY JUN
MEDIAN SALES PRICE
JUL
$630
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
9.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Brentwood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$640,000
$670,000
$767,500
$841,000
31.4%
Average Price per Square Foot ...........................
$456
$512
$511
$561
23.0%
Properties Sold .......................................................
19
20
20
14
-26.3%
Properties Pending Sale .......................................
17
12
10
20
17.6%
Properties For Sale ................................................
70
65
59
83
18.6%
Days on Market (Pending Sale) ...........................
45
47
58
48
6.7%
Month’s Supply of Inventory ................................
3.7
3.2
3
5.9
60.9%
Percent Under Contract ........................................
24.3%
18.5%
16.9%
24.1%
-0.8%
Average Median Price for Last 12 Months ........
$676,000
$748,167
$802,167
$709,852
5.0%
*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 MAR
$640
APR
$841,000
MAY JUN
MEDIAN SALES PRICE
JUL
$561
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$841 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Culver City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$340,000
$397,500
$402,500
$479,000
40.9%
Average Price per Square Foot ...........................
$284
$369
$389
$399
40.5%
Properties Sold .......................................................
9
18
8
12
33.3%
Properties Pending Sale .......................................
15
9
10
17
13.3%
Properties For Sale ................................................
30
31
33
39
30.0%
Days on Market (Pending Sale) ...........................
22
19
35
23
4.5%
Month’s Supply of Inventory ................................
3.3
1.7
4.1
3.2
-2.5%
Percent Under Contract ........................................
50.0%
29.0%
30.3%
43.6%
-12.8%
Average Median Price for Last 12 Months ........
$314,000
$414,167
$416,167
$398,736
27.0%
*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 MAR
$340
APR
$479,000
MAY JUN
MEDIAN SALES PRICE
JUL
$399
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.2 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$479 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Encino DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$290,000
$325,000
$303,000
$283,000
-2.4%
Average Price per Square Foot ...........................
$216
$229
$248
$267
23.6%
Properties Sold .......................................................
9
13
10
14
55.6%
Properties Pending Sale .......................................
21
15
18
16
-23.8%
Properties For Sale ................................................
18
24
31
37
105.6%
Days on Market (Pending Sale) ...........................
51
71
69
71
39.2%
Month’s Supply of Inventory ................................
2
1.8
3.1
2.6
32.1%
Percent Under Contract ........................................
116.7%
62.5%
58.1%
43.2%
-62.9%
Average Median Price for Last 12 Months ........
$223,615
$294,000
$305,000
$286,615
28.2%
*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 MAR
$290
APR
$283,000
MAY JUN
MEDIAN SALES PRICE
JUL
$267
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
2.6 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$283 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Malibu DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$840,000
$0
$753,500
$586,000
-30.2%
Average Price per Square Foot ...........................
$763
$0
$554
$329
-56.9%
Properties Sold .......................................................
9
0
2
2
-77.8%
Properties Pending Sale .......................................
7
4
5
4
-42.9%
Properties For Sale ................................................
29
26
21
20
-31.0%
Days on Market (Pending Sale) ...........................
163
98
54
177
8.6%
Month’s Supply of Inventory ................................
3.2
0
10.5
10
210.3%
Percent Under Contract ........................................
24.1%
15.4%
23.8%
20.0%
-17.1%
Average Median Price for Last 12 Months ........
$672,000
$727,200
$634,167
$699,227
4.1%
*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 $840
MAR APR
$586,000
MAY JUN
MEDIAN SALES PRICE
JUL
$329
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
10 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$586 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Marina Del Rey DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$600,000
$750,156
$672,500
$702,500
17.1%
Average Price per Square Foot ...........................
$523
$533
$476
$473
-9.6%
Properties Sold .......................................................
19
18
34
20
5.3%
Properties Pending Sale .......................................
16
18
21
24
50.0%
Properties For Sale ................................................
106
156
132
135
27.4%
Days on Market (Pending Sale) ...........................
56
87
95
57
1.8%
Month’s Supply of Inventory ................................
5.6
8.7
3.9
6.8
21.0%
Percent Under Contract ........................................
15.1%
11.5%
15.9%
17.8%
17.8%
Average Median Price for Last 12 Months ........
$598,000
$716,983
$724,800
$721,870
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 MAR
$600
APR
$702,500
MAY JUN
MEDIAN SALES PRICE
JUL
$473
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
6.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$702 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Santa Monica DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$706,944
$850,000
$780,000
$757,500
7.2%
Average Price per Square Foot ...........................
$674
$695
$639
$590
-12.5%
Properties Sold .......................................................
38
37
35
28
-26.3%
Properties Pending Sale .......................................
45
31
21
46
2.2%
Properties For Sale ................................................
88
107
89
126
43.2%
Days on Market (Pending Sale) ...........................
54
32
54
43
-20.4%
Month’s Supply of Inventory ................................
2.3
2.9
2.5
4.5
94.3%
Percent Under Contract ........................................
51.1%
29.0%
23.6%
36.5%
-28.6%
Average Median Price for Last 12 Months ........
$711,000
$752,008
$742,433
$769,961
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 MAR
$706
APR
$757,500
MAY JUN
MEDIAN SALES PRICE
JUL
$590
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.5 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$757 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Sherman Oaks DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$322,000
$405,000
$394,000
$401,000
24.5%
Average Price per Square Foot ...........................
$275
$302
$305
$325
18.2%
Properties Sold .......................................................
18
21
18
16
-11.1%
Properties Pending Sale .......................................
23
24
13
22
-4.3%
Properties For Sale ................................................
10
26
22
49
390.0%
Days on Market (Pending Sale) ...........................
92
45
66
79
-14.1%
Month’s Supply of Inventory ................................
0.6
1.2
1.2
3.1
451.2%
Percent Under Contract ........................................
230.0%
92.3%
59.1%
44.9%
-80.5%
Average Median Price for Last 12 Months ........
$298,615
$395,167
$410,667
$374,692
25.5%
*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 MAR
$322
APR
$401,000
MAY JUN
MEDIAN SALES PRICE
JUL
$325
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$401 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Studio City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$400,000
$440,000
$507,000
$470,000
17.5%
Average Price per Square Foot ...........................
$335
$358
$383
$363
8.4%
Properties Sold .......................................................
10
9
10
8
-20.0%
Properties Pending Sale .......................................
11
9
5
11
0.0%
Properties For Sale ................................................
21
25
22
33
57.1%
Days on Market (Pending Sale) ...........................
81
63
45
61
-24.7%
Month’s Supply of Inventory ................................
2.1
2.8
2.2
4.1
96.4%
Percent Under Contract ........................................
52.4%
36.0%
22.7%
33.3%
-36.4%
Average Median Price for Last 12 Months ........
$418,538
$461,833
$478,000
$455,923
8.9%
*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 MAR
$400
APR
$470,000
MAY JUN
MEDIAN SALES PRICE
JUL
$363
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
4.1 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$470 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Venice DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,567,500
$572,000
$1,185,000
$775,000
-50.6%
Average Price per Square Foot ...........................
$741
$599
$608
$591
-20.2%
Properties Sold .......................................................
1
3
5
3
200.0%
Properties Pending Sale .......................................
2
7
0
4
100.0%
Properties For Sale ................................................
12
21
8
10
-16.7%
Days on Market (Pending Sale) ...........................
197
28
0
32
-83.8%
Month’s Supply of Inventory ................................
12
7
1.6
3.3
-72.2%
Percent Under Contract ........................................
16.7%
33.3%
0.0%
40.0%
140.0%
Average Median Price for Last 12 Months ........
$1,060,000
$1,020,100
$977,000
$1,076,042
1.5%
*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 $1.567
MAR APR
$775,000
MAY JUN
MEDIAN SALES PRICE
JUL
$591
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
West Hollywood DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$569,500
$468,000
$639,000
$684,000
20.1%
Average Price per Square Foot ...........................
$463
$537
$524
$590
27.4%
Properties Sold .......................................................
26
31
35
30
15.4%
Properties Pending Sale .......................................
33
31
17
33
0.0%
Properties For Sale ................................................
99
143
101
116
17.2%
Days on Market (Pending Sale) ...........................
44
49
46
42
-4.5%
Month’s Supply of Inventory ................................
3.8
4.6
2.9
3.9
1.5%
Percent Under Contract ........................................
33.3%
21.7%
16.8%
28.4%
-14.7%
Average Median Price for Last 12 Months ........
$461,000
$645,708
$625,917
$575,769
24.9%
*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 MAR
$569
APR
$684,000
MAY JUN
MEDIAN SALES PRICE
JUL
$590
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.9 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
West LA DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$485,000
$639,000
$762,250
$594,000
22.5%
Average Price per Square Foot ...........................
$378
$446
$457
$450
19.0%
Properties Sold .......................................................
9
11
12
13
44.4%
Properties Pending Sale .......................................
17
8
12
17
0.0%
Properties For Sale ................................................
37
46
41
50
35.1%
Days on Market (Pending Sale) ...........................
44
52
42
30
-31.8%
Month’s Supply of Inventory ................................
4.1
4.2
3.4
3.8
-6.4%
Percent Under Contract ........................................
45.9%
17.4%
29.3%
34.0%
-26.0%
Average Median Price for Last 12 Months ........
$548,000
$639,208
$588,000
$637,981
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 MAR
$485
APR
$594,000
MAY JUN
MEDIAN SALES PRICE
JUL
$450
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
3.8 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$594 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
Westwood - Century City DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$600,000
$731,033
$720,000
$740,000
23.3%
Average Price per Square Foot ...........................
$426
$600
$668
$670
57.3%
Properties Sold .......................................................
41
55
36
49
19.5%
Properties Pending Sale .......................................
47
40
26
48
2.1%
Properties For Sale ................................................
223
300
245
281
26.0%
Days on Market (Pending Sale) ...........................
69
59
89
87
26.1%
Month’s Supply of Inventory ................................
5.4
5.5
6.8
5.7
5.4%
Percent Under Contract ........................................
21.1%
13.3%
10.6%
17.1%
-19.0%
Average Median Price for Last 12 Months ........
$616,000
$759,594
$743,688
$711,388
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 MAR
$600
APR
$740,000
MAY JUN
MEDIAN SALES PRICE
JUL
$670
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.7 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
telesproperties.com
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