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Teles intelligence

micro market report orange county DECEMBER 2012 | 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.


orange county

san fern

south b

Orange Country Macro Market

East Bluff - Harbor View

Irvine

Balboa Peninsula

East Costa Mesa

Laguna Beach (all areas)

Corona del Mar - Spyglass

Fountain Valley

Lower Newport Bay - Balb

Crystal Cove

Huntington Beach

Newport Beach (all areas)

Micro Market Report : December 2012


telesintelligence.com

nando

san gabriel

bay

los angeles Newport Coast

West Newport - Lido

Newport Heights

Westminster

boa Island

Turtle Ridge

)

West Bay - Santa Ana Heights

December 2012 : Micro Market Report


Orange County Macro Market DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,488,108

$1,596,761

7.3%

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

$580

$620

7.0%

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

337

404

19.9%

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

290

371

27.9%

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

2693

1498

-44.4%

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

119

60

-49.9%

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

8.0

3.7

-53.6%

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

10.8%

24.8%

130.0%

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

$1,470,118

$1,481,086

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.

$1.597

M E D I A N

S A L E S

(in hundred thousands)

$1.488

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

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telesintelligence.com


Balboa Peninsula DATA*

DEC 2011

DEC 2012

% CHANGE

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

$2,912,500

$2,375,000

-18.5%

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

$1,051

$972

-7.5%

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

2

9

350.0%

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

0

3

N/A

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

68

43

-36.8%

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

0

84

N/A

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

34.0

4.8

-85.9%

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

0.0%

7.0%

N/A

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

$2,228,000

$2,173,529

-2.4%

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

M E D I A N

$2.375

S A L E S

$2.913

(in hundred thousands)

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$2,173,529 PROPERTIES FOR SALE

43 DAYS ON MARKET**

145 shadow inventory

3

(92663, 92661 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Corona del Mar - Spyglass DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,800,000

$1,837,500

2.1%

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

$1,017

$760

-25.3%

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

14

11

-21.4%

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

8

12

50.0%

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

115

67

-41.7%

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

111

50

-55.0%

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

8.2

6.1

-25.8%

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

7.0%

17.9%

157.5%

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

$1,841,000

$1,795,168

-2.5%

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

M E D I A N

S A L E S

(in hundred thousands)

$1.838

$1.800

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,795,168 PROPERTIES FOR SALE

67 DAYS ON MARKET**

97 shadow inventory

15

(92625 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Crystal Cove DATA*

DEC 2011

DEC 2012

% CHANGE

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

$6,800,000

$4,225,000

-37.9%

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

$1,007

$947

-6.0%

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

1

5

400.0%

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

2

1

-50.0%

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

27

16

-40.7%

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

357

1

-99.7%

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

27.0

3.2

-88.1%

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

7.4%

6.3%

-15.6%

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

$4,218,000

$3,918,981

-7.1%

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

M E D I A N

$4.225

S A L E S

$6.800

(in hundred thousands)

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$3,918,981 PROPERTIES FOR SALE

16 DAYS ON MARKET**

98 shadow inventory

29

(92657 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


East Bluff - Harbor View DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,120,000

$1,395,000

24.6%

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

$489

$559

14.3%

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

17

16

-5.9%

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

16

10

-37.5%

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

114

67

-41.2%

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

109

46

-57.8%

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

6.7

4.2

-37.6%

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

14.0%

14.9%

6.3%

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

$1,416,000

$1,339,188

-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.

S A L E S

(in hundred thousands)

$1.395

P R I C E

yearly trend

M E D I A N

$1.120

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,339,188 PROPERTIES FOR SALE

67 DAYS ON MARKET**

87 shadow inventory

48

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


East Costa Mesa DATA*

DEC 2011

DEC 2012

% CHANGE

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

$580,000

$802,500

38.4%

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

$323

$436

35.0%

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

9

10

11.1%

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

9

12

33.3%

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

68

41

-39.7%

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

93

65

-30.1%

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

7.6

4.1

-45.7%

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

13.2%

29.3%

121.1%

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

$661,000

$667,300

1.0%

*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.

(in hundred thousands)

$803

P R I C E

yearly trend

M E D I A N

S A L E S

$580

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$667,300 PROPERTIES FOR SALE

41 DAYS ON MARKET**

88 shadow inventory

57

(92627 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Fountain Valley DATA*

DEC 2011

DEC 2012

% CHANGE

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

$550,000

$594,950

8.2%

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

$284

$293

3.2%

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

15

22

46.7%

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

17

17

0.0%

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

131

53

-59.5%

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

102

53

-48.0%

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

8.7

2.4

-72.4%

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

13.0%

32.1%

147.2%

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

$551,000

$562,727

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.

$595

M E D I A N

S A L E S

(in hundred thousands)

$550

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$562,727 PROPERTIES FOR SALE

53 DAYS ON MARKET**

65 shadow inventory

82 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Huntington Beach DATA*

DEC 2011

DEC 2012

% CHANGE

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

$548,000

$665,000

21.4%

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

$340

$368

8.2%

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

80

89

11.3%

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

66

95

43.9%

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

495

271

-45.3%

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

117

42

-64.1%

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

6.2

3.0

-50.8%

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

13.3%

35.1%

162.9%

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

$596,000

$613,087

2.9%

*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.

$665

M E D I A N

S A L E S

(in hundred thousands)

$548

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$613,807 PROPERTIES FOR SALE

271 DAYS ON MARKET**

80 shadow inventory

241 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Irvine DATA*

DEC 2011

DEC 2012

% CHANGE

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

$667,944

$872,500

30.6%

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

$347

$393

13.3%

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

64

78

21.9%

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

50

75

50.0%

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

398

211

-47.0%

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

111

60

-45.9%

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

6.2

2.7

-56.5%

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

12.6%

35.5%

182.9%

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

$716,000

$747,094

4.3%

*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.

$873

M E D I A N

S A L E S

(in hundred thousands)

$668

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$747,094 PROPERTIES FOR SALE

211 DAYS ON MARKET**

80 shadow inventory

173 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Laguna Beach DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,210,000

$1,555,000

28.5%

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

$746

$1,074

44.0%

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

30

30

0.0%

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

23

23

0.0%

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

302

189

-37.4%

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

139

58

-58.3%

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

10.1

6.3

-37.4%

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

7.6%

12.2%

59.8%

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

$1,207,000

$1,307,585

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.

(in hundred thousands)

$1.555

P R I C E

yearly trend

M E D I A N

S A L E S

$1.210

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,307,585 PROPERTIES FOR SALE

189 DAYS ON MARKET**

129 shadow inventory

52 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Lower Newport Bay - Balboa Island DATA*

DEC 2011

DEC 2012

% CHANGE

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

$2,325,000

$3,750,000

61.3%

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

$995

$1,008

1.3%

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

3

7

133.3%

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

0

6

N/A

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

55

34

-38.2%

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

0

58

N/A

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

18.3

4.9

-73.5%

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

0.0%

17.6%

N/A

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

$2,271,000

$2,250,808

-0.9%

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

S A L E S

(in hundred thousands)

$3.750

P R I C E

yearly trend

M E D I A N

$2.325

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$2,250,808 PROPERTIES FOR SALE

34 DAYS ON MARKET**

112 shadow inventory

27

(92660, 92662, 92663 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Newport Beach DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,142,500

$1,665,000

45.7%

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

$561

$710

26.6%

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

38

55

44.7%

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

35

38

8.6%

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

403

238

-40.9%

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

120

81

-32.5%

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

10.6

4.3

-59.2%

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

8.7%

16.0%

83.8%

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

$1,383,000

$1,386,038

0.2%

*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.

S A L E S

(in hundred thousands)

$1.665

P R I C E

yearly trend

M E D I A N

$1.143

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,386,038 PROPERTIES FOR SALE

238 DAYS ON MARKET**

107 shadow inventory

83 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Newport Coast DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,725,000

$2,496,000

44.7%

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

$615

$745

21.1%

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

13

15

15.4%

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

20

16

-20.0%

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

130

76

-41.5%

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

169

89

-47.3%

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

10.0

5.1

-49.3%

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

15.4%

21.1%

36.8%

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

$1,979,000

$2,056,635

3.9%

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

S A L E S

(in hundred thousands)

$2.496

P R I C E

yearly trend

M E D I A N

$1.725

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$2,056,635 PROPERTIES FOR SALE

76 DAYS ON MARKET**

94 shadow inventory

24 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Newport Heights DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,250,000

$980,000

-21.6%

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

$445

$830

86.5%

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

5

3

-40.0%

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

4

2

-50.0%

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

31

19

-38.7%

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

163

29

-82.2%

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

6.2

6.3

2.2%

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

12.9%

10.5%

-18.4%

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

$1,223,000

$1,210,154

-1.1%

*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.

M E D I A N

$980

S A L E S

$1.250

(in hundred thousands)

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,210,154 PROPERTIES FOR SALE

19 DAYS ON MARKET**

87 shadow inventory

25

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Turtle Ridge DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,762,500

$2,250,000

27.7%

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

$583

$619

6.2%

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

4

5

25.0%

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

1

4

300.0%

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

23

20

-13.0%

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

201

85

-57.7%

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

5.8

4.0

-30.4%

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

4.3%

20.0%

360.0%

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

$1,808,000

$1,949,423

7.8%

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

(in hundred thousands)

$2.250

P R I C E

yearly trend

M E D I A N

S A L E S

$1.763

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,949,423 PROPERTIES FOR SALE

20 DAYS ON MARKET**

118 shadow inventory

27

(92603 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


West Bay - Santa Ana Heights DATA*

DEC 2011

DEC 2012

% CHANGE

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

$1,067,500

$1,090,750

2.2%

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

$492

$405

-17.7%

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

6

8

33.3%

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

8

8

0.0%

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

64

40

-37.5%

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

134

134

0.0%

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

10.7

5.0

-53.1%

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

12.5%

20.0%

60.0%

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

$1,088,000

$1,189,960

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.

M E D I A N

S A L E S

$1.091

$1.068

(in hundred thousands)

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,189,960 PROPERTIES FOR SALE

40 DAYS ON MARKET**

99 shadow inventory

48

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


West Newport - Lido DATA*

DEC 2011

DEC 2012

% CHANGE

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

$950,000

$1,782,500

87.6%

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

$884

$781

-11.7%

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

5

12

140.0%

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

6

9

50.0%

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

70

35

-50.0%

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

112

100

-10.7%

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

14.0

2.9

-79.2%

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

8.6%

25.7%

200.0%

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

$1,401,000

$1,613,980

15.2%

*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.

$950

DEC

S A L E S M E D I A N

$1.783

(in hundred thousands)

P R I C E

yearly trend

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$1,613,980 PROPERTIES FOR SALE

35 DAYS ON MARKET**

121 shadow inventory

25

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Westminster DATA*

DEC 2011

DEC 2012

% CHANGE

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

$375,000

$405,000

8.0%

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

$256

$261

2.0%

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

31

29

-6.5%

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

25

40

60.0%

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

199

78

-60.8%

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

100

36

-64.0%

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

6.4

2.7

-58.1%

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

12.6%

51.3%

308.2%

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

$405,000

$396,808

-2.0%

*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.

$405

M E D I A N

S A L E S

(in hundred thousands)

$375

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$396,808 PROPERTIES FOR SALE

78 DAYS ON MARKET**

70 shadow inventory

128 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : 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:

Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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 DECEMBER 2012 | 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: December 2012  

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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