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Teles intelligence

micro market report orange county APRIL 2013 | SINGLE FAMILY HOMES REPORT


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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:

ending in the identified month

The number of properties that entered escrow in preparation for sale.

Shadow Inventory:

Properties in Pre-Foreclosure, Bank Properties For Sale:

Owned or Auction as identified by

The number of properties on the

ForeclosureRadar.com

market and seeking buyers.


san fern

orange county

south b

Orange County Macro Market

Dana Point

Irvine

Balboa Peninsula

East Bluff - Harbor View

Ladera Ranch

Corona del Mar - Spyglass

East Costa Mesa

Laguna Beach (all areas)

Coto de Caza

Fountain Valley

Laguna Hills

Crystal Cove

Huntington Beach

Laguna Niguel

Micro Market Report : April 2013


telesintelligence.com

nando

san gabriel

bay

los angeles

Laguna Woods

Newport Heights

Turtle Ridge

Lower Newport Bay - Balboa Island

Rancho Santa Margarita

Turtle Rock

Mission Viejo

San Clemente

West Bay - Santa Ana Heights

Newport Beach (all areas)

San Juan Capistrano

West Newport - Lido

Newport Coast

Shady Canyon

Westminster

April 2013 : Micro Market Report


Orange County Macro Market DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$496,000

$625,000

26.0%

Average Price per Square Foot ...........................

$308

$366

18.8%

Properties Sold .......................................................

1717

1806

5.2%

Properties Pending Sale .......................................

1826

2013

10.2%

Properties For Sale ................................................

8707

5194

-40.3%

Days on Market (Pending Sale) ...........................

95

40

-57.9%

Month’s Supply of Inventory ................................

5.1

2.9

-43.3%

Percent Under Contract ........................................

21.0%

38.8%

84.8%

Average Median Price for Last 12 Months ........

$490,000

$544,892

11.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

$625

M E D I A N

S A L E S

(in hundred thousands)

$496

P R I C E

yearly trend

APR

MAY

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Balboa Peninsula DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,365,000

$1,350,000

-1.1%

Average Price per Square Foot ...........................

$879

$667

-24.1%

Properties Sold .......................................................

9

8

-11.1%

Properties Pending Sale .......................................

7

7

0.0%

Properties For Sale ................................................

79

35

-55.7%

Days on Market (Pending Sale) ...........................

168

77

-54.2%

Month’s Supply of Inventory ................................

8.8

4.4

-50.2%

Percent Under Contract ........................................

8.9%

20.0%

125.7%

Average Median Price for Last 12 Months ........

$2,251,000

$1,919,577

-14.7%

*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.

M E D I A N

S A L E S

$1.350

$1.365

(in hundred thousands)

P R I C E

yearly trend

APR

MAY

JUN

JUL

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the numbers median sales price**

$1,919,577 DAYS ON MARKET**

148 PROPERTIES FOR SALE

35 shadow inventory

4

(92663, 92661 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Corona del Mar - Spyglass DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,850,000

$2,150,000

16.2%

Average Price per Square Foot ...........................

$1,136

$795

-30.0%

Properties Sold .......................................................

19

15

-21.1%

Properties Pending Sale .......................................

19

17

-10.5%

Properties For Sale ................................................

116

75

-35.3%

Days on Market (Pending Sale) ...........................

96

87

-9.4%

Month’s Supply of Inventory ................................

6.1

5.0

-18.1%

Percent Under Contract ........................................

16.4%

22.7%

38.4%

Average Median Price for Last 12 Months ........

$1,870,000

$1,830,212

-2.1%

*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.

$2.150

M E D I A N

S A L E S

(in hundred thousands)

$1.850

P R I C E

yearly trend

APR

MAY

JUN

JUL

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the numbers median sales price**

$1,830,212 DAYS ON MARKET**

105 PROPERTIES FOR SALE

75 shadow inventory

24

(92625 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Coto de Caza DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$815,000

$1,068,000

31.0%

Average Price per Square Foot ...........................

$252

$310

23.0%

Properties Sold .......................................................

22

29

31.8%

Properties Pending Sale .......................................

29

35

20.7%

Properties For Sale ................................................

151

112

-25.8%

Days on Market (Pending Sale) ...........................

148

51

-65.5%

Month’s Supply of Inventory ................................

6.9

3.9

-43.7%

Percent Under Contract ........................................

19.2%

31.3%

62.7%

Average Median Price for Last 12 Months ........

$926,000

$930,715

0.5%

*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.

$1.068

M E D I A N

S A L E S

(in hundred thousands)

$815

P R I C E

yearly trend

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$930,715 DAYS ON MARKET**

109 PROPERTIES FOR SALE

112 shadow inventory

26 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Crystal Cove DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$4,100,000

$3,450,000

-15.9%

Average Price per Square Foot ...........................

$806

$872

8.2%

Properties Sold .......................................................

3

4

33.3%

Properties Pending Sale .......................................

4

4

0.0%

Properties For Sale ................................................

32

33

3.1%

Days on Market (Pending Sale) ...........................

38

20

-47.4%

Month’s Supply of Inventory ................................

10.7

8.3

-22.7%

Percent Under Contract ........................................

12.5%

12.1%

-3.0%

Average Median Price for Last 12 Months ........

$4,416,000

$4,036,962

-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.

M E D I A N

$3.450

S A L E S

$4.100

(in hundred thousands)

P R I C E

yearly trend

APR

MAY

JUN

JUL

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the numbers median sales price**

$4,036,962 DAYS ON MARKET**

67 PROPERTIES FOR SALE

33 shadow inventory

15

(92657 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Dana Point DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$725,000

$885,000

22.1%

Average Price per Square Foot ...........................

$352

$431

22.4%

Properties Sold .......................................................

21

37

76.2%

Properties Pending Sale .......................................

26

43

65.4%

Properties For Sale ................................................

241

162

-32.8%

Days on Market (Pending Sale) ...........................

115

80

-30.4%

Month’s Supply of Inventory ................................

11.5

4.4

-61.8%

Percent Under Contract ........................................

10.8%

26.5%

146.0%

Average Median Price for Last 12 Months ........

$647,000

$743,385

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.

$885

M E D I A N

S A L E S

(in hundred thousands)

$725

P R I C E

yearly trend

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$743,385 DAYS ON MARKET**

105 PROPERTIES FOR SALE

162 shadow inventory

34

(92657 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


East Bluff - Harbor View DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,330,000

$1,598,950

20.2%

Average Price per Square Foot ...........................

$493

$564

14.4%

Properties Sold .......................................................

23

29

26.1%

Properties Pending Sale .......................................

25

24

-4.0%

Properties For Sale ................................................

142

66

-53.5%

Days on Market (Pending Sale) ...........................

94

93

-1.1%

Month’s Supply of Inventory ................................

6.2

2.3

-63.1%

Percent Under Contract ........................................

17.6%

36.4%

106.5%

Average Median Price for Last 12 Months ........

$1,351,000

$1,368,223

1.3%

*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.

(in hundred thousands)

$1.599

P R I C E

yearly trend

M E D I A N

S A L E S

$1.330

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$1,368,223 DAYS ON MARKET**

84 PROPERTIES FOR SALE

66 shadow inventory

31

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


East Costa Mesa DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$639,000

$880,000

37.7%

Average Price per Square Foot ...........................

$384

$473

23.2%

Properties Sold .......................................................

15

11

-26.7%

Properties Pending Sale .......................................

16

17

6.3%

Properties For Sale ................................................

64

42

-34.4%

Days on Market (Pending Sale) ...........................

70

52

-25.7%

Month’s Supply of Inventory ................................

4.3

3.8

-10.5%

Percent Under Contract ........................................

25.0%

40.5%

61.9%

Average Median Price for Last 12 Months ........

$652,000

$718,581

10.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

$880

M E D I A N

S A L E S

(in hundred thousands)

$639

P R I C E

yearly trend

APR

MAY

JUN

JUL

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the numbers median sales price**

$718,581 DAYS ON MARKET**

97 PROPERTIES FOR SALE

42 shadow inventory

29

(92627 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Fountain Valley DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$530,000

$660,000

24.5%

Average Price per Square Foot ...........................

$282

$293

3.9%

Properties Sold .......................................................

37

35

-5.4%

Properties Pending Sale .......................................

34

32

-5.9%

Properties For Sale ................................................

112

66

-41.1%

Days on Market (Pending Sale) ...........................

82

24

-70.7%

Month’s Supply of Inventory ................................

3.0

1.9

-37.7%

Percent Under Contract ........................................

30.4%

48.5%

59.7%

Average Median Price for Last 12 Months ........

$542,000

$579,427

6.9%

*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.

(in hundred thousands)

$660

P R I C E

yearly trend

M E D I A N

S A L E S

$530

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$579,427 DAYS ON MARKET**

61 PROPERTIES FOR SALE

66 shadow inventory

44 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Huntington Beach DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$614,625

$620,000

0.9%

Average Price per Square Foot ...........................

$335

$379

13.1%

Properties Sold .......................................................

100

95

-5.0%

Properties Pending Sale .......................................

120

120

0.0%

Properties For Sale ................................................

488

300

-38.5%

Days on Market (Pending Sale) ...........................

85

46

-45.9%

Month’s Supply of Inventory ................................

4.9

3.2

-35.3%

Percent Under Contract ........................................

24.6%

40.0%

62.7%

Average Median Price for Last 12 Months ........

$597,000

$632,775

6.0%

*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.

$620

M E D I A N

S A L E S

(in hundred thousands)

$615

P R I C E

yearly trend

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$632,775 DAYS ON MARKET**

74 PROPERTIES FOR SALE

300 shadow inventory

155 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Irvine DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$650,000

$842,500

29.6%

Average Price per Square Foot ...........................

$362

$405

11.9%

Properties Sold .......................................................

91

118

29.7%

Properties Pending Sale .......................................

82

105

28.0%

Properties For Sale ................................................

433

256

-40.9%

Days on Market (Pending Sale) ...........................

81

32

-60.5%

Month’s Supply of Inventory ................................

4.8

2.2

-54.4%

Percent Under Contract ........................................

18.9%

41.0%

116.6%

Average Median Price for Last 12 Months ........

$696,000

$784,023

12.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

(in hundred thousands)

$843

P R I C E

yearly trend

M E D I A N

S A L E S

$650

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$784,023 DAYS ON MARKET**

73 PROPERTIES FOR SALE

256 shadow inventory

107 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Ladera Ranch DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$625,000

$897,000

43.5%

Average Price per Square Foot ...........................

$241

$290

20.3%

Properties Sold .......................................................

28

30

7.1%

Properties Pending Sale .......................................

28

42

50.0%

Properties For Sale ................................................

137

102

-25.5%

Days on Market (Pending Sale) ...........................

93

37

-60.2%

Month’s Supply of Inventory ................................

4.9

3.4

-30.5%

Percent Under Contract ........................................

20.4%

41.2%

101.5%

Average Median Price for Last 12 Months ........

$638,000

$729,171

14.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

(in hundred thousands)

$897

P R I C E

yearly trend

M E D I A N

S A L E S

$625

APR

MAY

JUN

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the numbers median sales price**

$729,171 DAYS ON MARKET**

89 PROPERTIES FOR SALE

102 shadow inventory

28 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Laguna Beach DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,265,000

$1,560,700

23.4%

Average Price per Square Foot ...........................

$777

$981

26.3%

Properties Sold .......................................................

30

33

10.0%

Properties Pending Sale .......................................

23

36

56.5%

Properties For Sale ................................................

292

228

-21.9%

Days on Market (Pending Sale) ...........................

193

65

-66.3%

Month’s Supply of Inventory ................................

9.7

6.9

-29.0%

Percent Under Contract ........................................

7.9%

15.8%

100.5%

Average Median Price for Last 12 Months ........

$1,188,000

$1,408,515

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.

(in hundred thousands)

$1.561

P R I C E

yearly trend

M E D I A N

S A L E S

$1.265

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$1,408,515 DAYS ON MARKET**

122 PROPERTIES FOR SALE

228 shadow inventory

37 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Laguna Hills DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$527,500

$750,000

42.2%

Average Price per Square Foot ...........................

$251

$329

31.1%

Properties Sold .......................................................

26

31

19.2%

Properties Pending Sale .......................................

32

17

-46.9%

Properties For Sale ................................................

122

58

-52.5%

Days on Market (Pending Sale) ...........................

99

66

-33.3%

Month’s Supply of Inventory ................................

4.7

1.9

-60.1%

Percent Under Contract ........................................

26.2%

29.3%

11.7%

Average Median Price for Last 12 Months ........

$530,000

$645,531

21.8%

*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.

S A L E S

(in hundred thousands)

$750

P R I C E

yearly trend

M E D I A N

$528

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$645,531 DAYS ON MARKET**

75 PROPERTIES FOR SALE

58 shadow inventory

36 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Laguna Niguel DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$625,000

$760,000

21.6%

Average Price per Square Foot ...........................

$307

$364

18.6%

Properties Sold .......................................................

67

71

6.0%

Properties Pending Sale .......................................

53

71

34.0%

Properties For Sale ................................................

299

195

-34.8%

Days on Market (Pending Sale) ...........................

114

42

-63.2%

Month’s Supply of Inventory ................................

4.5

2.7

-38.5%

Percent Under Contract ........................................

17.7%

36.4%

105.4%

Average Median Price for Last 12 Months ........

$654,000

$663,102

1.4%

*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.

$760

M E D I A N

S A L E S

(in hundred thousands)

$625

P R I C E

yearly trend

APR

MAY

JUN

JUL

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telesintelligence.com

the numbers median sales price**

$663,102 DAYS ON MARKET**

87 PROPERTIES FOR SALE

195 shadow inventory

90 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Laguna Woods DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$0

$0

0

Average Price per Square Foot ...........................

$0

$0

0

Properties Sold .......................................................

0

0

0

Properties Pending Sale .......................................

0

0

0

Properties For Sale ................................................

0

1

0

Days on Market (Pending Sale) ...........................

0

0

0

Month’s Supply of Inventory ................................

0

0

0

Percent Under Contract ........................................

0

0.0%

0

Average Median Price for Last 12 Months ........

$337,000

$41,462

-87.7%

*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.

$0 APR

$0 MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

M E D I A N

S A L E S

(in hundred thousands)

P R I C E

yearly trend


telesintelligence.com

the numbers median sales price**

$41,462 DAYS ON MARKET**

43 PROPERTIES FOR SALE

1 shadow inventory

3 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Lower Newport Bay - Balboa Island DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,850,000

$2,050,000

10.8%

Average Price per Square Foot ...........................

$839

$1,630

94.3%

Properties Sold .......................................................

7

9

28.6%

Properties Pending Sale .......................................

11

3

-72.7%

Properties For Sale ................................................

60

38

-36.7%

Days on Market (Pending Sale) ...........................

164

75

-54.3%

Month’s Supply of Inventory ................................

8.6

4.2

-50.7%

Percent Under Contract ........................................

18.3%

7.9%

-56.9%

Average Median Price for Last 12 Months ........

$1,978,000

$2,318,846

17.2%

*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.

M E D I A N

S A L E S

$2.050

$1.850

(in hundred thousands)

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$2,318,846 DAYS ON MARKET**

126 PROPERTIES FOR SALE

38 shadow inventory

19

(92660, 92662, 92663 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Mission Viejo DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$475,000

$585,000

23.2%

Average Price per Square Foot ...........................

$246

$297

20.7%

Properties Sold .......................................................

81

101

24.7%

Properties Pending Sale .......................................

97

97

0.0%

Properties For Sale ................................................

332

205

-38.3%

Days on Market (Pending Sale) ...........................

88

27

-69.3%

Month’s Supply of Inventory ................................

4.1

2.0

-50.5%

Percent Under Contract ........................................

29.2%

47.3%

62.0%

Average Median Price for Last 12 Months ........

$475,000

$529,673

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.

$585

M E D I A N

S A L E S

(in hundred thousands)

$475

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$529,673 DAYS ON MARKET**

126 PROPERTIES FOR SALE

38 shadow inventory

19 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Newport Beach DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,320,000

$1,599,500

21.2%

Average Price per Square Foot ...........................

$593

$712

20.1%

Properties Sold .......................................................

60

72

20.0%

Properties Pending Sale .......................................

72

53

-26.4%

Properties For Sale ................................................

446

244

-45.3%

Days on Market (Pending Sale) ...........................

117

80

-31.6%

Month’s Supply of Inventory ................................

7.4

3.4

-54.4%

Percent Under Contract ........................................

16.1%

21.7%

34.6%

Average Median Price for Last 12 Months ........

$1,328,000

$1,472,192

10.9%

*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.

$1.600

M E D I A N

S A L E S

(in hundred thousands)

$1.320

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$1,442,192 DAYS ON MARKET**

105 PROPERTIES FOR SALE

244 shadow inventory

57 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Newport Coast DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$2,124,750

$3,000,000

41.2%

Average Price per Square Foot ...........................

$692

$745

7.7%

Properties Sold .......................................................

10

23

130.0%

Properties Pending Sale .......................................

15

25

66.7%

Properties For Sale ................................................

135

92

-31.9%

Days on Market (Pending Sale) ...........................

100

69

-31.0%

Month’s Supply of Inventory ................................

13.5

4.0

-70.4%

Percent Under Contract ........................................

11.1%

27.2%

144.6%

Average Median Price for Last 12 Months ........

$1,952,000

$2,465,981

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.

S A L E S

(in hundred thousands)

$3.000

P R I C E

yearly trend

M E D I A N

$2.125

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$2,465,981 DAYS ON MARKET**

88 PROPERTIES FOR SALE

92 shadow inventory

11 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Newport Heights DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,014,500

$2,120,000

109.0%

Average Price per Square Foot ...........................

$648

$566

-12.7%

Properties Sold .......................................................

2

6

200.0%

Properties Pending Sale .......................................

5

3

-40.0%

Properties For Sale ................................................

32

27

-15.6%

Days on Market (Pending Sale) ...........................

99

26

-73.7%

Month’s Supply of Inventory ................................

16

4.5

-71.9%

Percent Under Contract ........................................

15.6%

11.1%

-28.9%

Average Median Price for Last 12 Months ........

$1,152,000

$1,306,423

13.4%

*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.

S A L E S

(in hundred thousands)

$2.120

P R I C E

yearly trend

M E D I A N

$1.015

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$1,306,423 DAYS ON MARKET**

84 PROPERTIES FOR SALE

277 shadow inventory

19

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Rancho Santa Margarita DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$497,500

$580,000

16.6%

Average Price per Square Foot ...........................

$232

$289

24.6%

Properties Sold .......................................................

58

42

-27.6%

Properties Pending Sale .......................................

51

48

-5.9%

Properties For Sale ................................................

195

90

-53.8%

Days on Market (Pending Sale) ...........................

101

39

-61.4%

Month’s Supply of Inventory ................................

3.4

2.1

-36.3%

Percent Under Contract ........................................

26.2%

53.3%

103.9%

Average Median Price for Last 12 Months ........

$500,000

$547,288

9.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$498

(in hundred thousands)

$580

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$547,288 DAYS ON MARKET**

76 PROPERTIES FOR SALE

90 shadow inventory

65 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


San Clemente DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$705,000

$810,000

14.9%

Average Price per Square Foot ...........................

$267

$316

18.4%

Properties Sold .......................................................

83

71

-14.5%

Properties Pending Sale .......................................

78

65

-16.7%

Properties For Sale ................................................

340

225

-33.8%

Days on Market (Pending Sale) ...........................

106

52

-50.9%

Month’s Supply of Inventory ................................

4.1

3.2

-22.6%

Percent Under Contract ........................................

22.9%

28.9%

25.9%

Average Median Price for Last 12 Months ........

$658,000

$717,112

9.0%

*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.

$810

M E D I A N

S A L E S

(in hundred thousands)

$705

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$717,112 DAYS ON MARKET**

85 PROPERTIES FOR SALE

225 shadow inventory

91 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


San Juan Capistrano DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$371,000

$730,000

96.8%

Average Price per Square Foot ...........................

$261

$291

11.5%

Properties Sold .......................................................

19

23

21.1%

Properties Pending Sale .......................................

34

39

14.7%

Properties For Sale ................................................

172

116

-32.6%

Days on Market (Pending Sale) ...........................

101

66

-34.7%

Month’s Supply of Inventory ................................

9.1

5.0

-44.3%

Percent Under Contract ........................................

19.8%

33.6%

70.1%

Average Median Price for Last 12 Months ........

$558,000

$634,858

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.

S A L E S

(in hundred thousands)

$730

P R I C E

yearly trend

M E D I A N

$371

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$634,858 DAYS ON MARKET**

85 PROPERTIES FOR SALE

116 shadow inventory

54 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Shady Canyon DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$2,962,500

$4,537,500

53.2%

Average Price per Square Foot ...........................

$510

$798

56.5%

Properties Sold .......................................................

2

2

0.0%

Properties Pending Sale .......................................

2

1

-50.0%

Properties For Sale ................................................

22

11

-50.0%

Days on Market (Pending Sale) ...........................

143

235

64.3%

Month’s Supply of Inventory ................................

11.0

5.5

-50.0%

Percent Under Contract ........................................

9.1%

9.1%

0.0%

Average Median Price for Last 12 Months ........

$4,015,000

$3,893,376

-3.0%

*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.

M E D I A N

$2.963

S A L E S

$4.538

(in hundred thousands)

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$3,893,376 DAYS ON MARKET**

104 PROPERTIES FOR SALE

11 shadow inventory

0 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Turtle Ridge DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,985,000

$1,965,000

-1.0%

Average Price per Square Foot ...........................

$544

$549

0.9%

Properties Sold .......................................................

2

5

150.0%

Properties Pending Sale .......................................

5

6

20.0%

Properties For Sale ................................................

27

21

-22.2%

Days on Market (Pending Sale) ...........................

97

49

-49.5%

Month’s Supply of Inventory ................................

13.5

4.2

-68.9%

Percent Under Contract ........................................

18.5%

28.6%

54.3%

Average Median Price for Last 12 Months ........

$1,873,000

$2,039,423

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.

M E D I A N

$1.965

S A L E S

$1.985

(in hundred thousands)

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$2,039,423 DAYS ON MARKET**

100 PROPERTIES FOR SALE

21 shadow inventory

14

(92603 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Turtle Rock DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$0

$1,198,000

0

Average Price per Square Foot ...........................

$0

$471

0

Properties Sold .......................................................

0

1

0

Properties Pending Sale .......................................

2

1

-50.0%

Properties For Sale ................................................

26

7

-73.1%

Days on Market (Pending Sale) ...........................

114

76

-33.3%

Month’s Supply of Inventory ................................

0

7.0

0

Percent Under Contract ........................................

7.7%

14.3%

85.7%

Average Median Price for Last 12 Months ........

$994,000

$941,212

-5.3%

*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.

M E D I A N

S A L E S

(in hundred thousands)

$1.198

P R I C E

yearly trend

$0 APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$941,212 DAYS ON MARKET**

97 PROPERTIES FOR SALE

7 shadow inventory

0 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


West Bay - Santa Ana Heights DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,267,500

$1,580,000

24.7%

Average Price per Square Foot ...........................

$441

$548

24.3%

Properties Sold .......................................................

10

16

60.0%

Properties Pending Sale .......................................

12

9

-25.0%

Properties For Sale ................................................

61

32

-47.5%

Days on Market (Pending Sale) ...........................

79

63

-20.3%

Month’s Supply of Inventory ................................

6.1

2.0

-67.2%

Percent Under Contract ........................................

19.7%

28.1%

43.0%

Average Median Price for Last 12 Months ........

$1,101,000

$1,243,477

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.

(in hundred thousands)

$1.580

P R I C E

yearly trend

M E D I A N

S A L E S

$1.268

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$1,243,477 DAYS ON MARKET**

97 PROPERTIES FOR SALE

32 shadow inventory

31

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


West Newport - Lido DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$1,152,500

$1,670,000

44.9%

Average Price per Square Foot ...........................

$794

$983

23.8%

Properties Sold .......................................................

8

4

-50.0%

Properties Pending Sale .......................................

12

7

-41.7%

Properties For Sale ................................................

72

45

-37.5%

Days on Market (Pending Sale) ...........................

137

87

-36.5%

Month’s Supply of Inventory ................................

9.0

11.3

25.0%

Percent Under Contract ........................................

16.7%

15.6%

-6.7%

Average Median Price for Last 12 Months ........

$1,224,000

$1,749,423

42.9%

*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.

APR

M E D I A N

$1.153

S A L E S

$1.670

(in hundred thousands)

P R I C E

yearly trend

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$1,749,423 DAYS ON MARKET**

128 PROPERTIES FOR SALE

45 shadow inventory

19

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Westminster DATA*

APR 2012

APR 2013

% CHANGE

Median Price ..........................................................

$400,000

$490,000

22.5%

Average Price per Square Foot ...........................

$255

$278

9.0%

Properties Sold .......................................................

40

30

-25.0%

Properties Pending Sale .......................................

51

42

-17.6%

Properties For Sale ................................................

189

93

-50.8%

Days on Market (Pending Sale) ...........................

72

31

-56.9%

Month’s Supply of Inventory ................................

4.7

3.1

-34.4%

Percent Under Contract ........................................

27.0%

45.2%

67.4%

Average Median Price for Last 12 Months ........

$398,000

$418,360

5.1%

*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.

$490

M E D I A N

S A L E S

(in hundred thousands)

$400

P R I C E

yearly trend

APR

MAY

JUN

JUL

Micro Market Report : April 2013

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR


telesintelligence.com

the numbers median sales price**

$418,360 DAYS ON MARKET**

54 PROPERTIES FOR SALE

93 shadow inventory

73 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

April 2013 : Micro Market Report


Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.

Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850

r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610


References

CONTACTS:

Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com

location:

Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049

Phone:

424.203.1800 email:

info@telesintelligence.com


Teles intelligence APRIL 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.

Orange County Micro Market Report: April 2013  

The report is in response to our observation that the media’s focus, headlines, and articles revolve around housing data at a macro level an...

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