Teles intelligence
micro market report FEBRuary 2012 | LOS ANGELES | ORANGE COUNTY | SAN GABRIEL | SOUTH BAY
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February 2012 Summary ................................... 02
Los Angeles Area Reports ................................. 08 Orange County Area Reports ............................ 70 San Gabriel Area Reports ................................. 110 South Bay Area Reports .................................... 136
Reading the Report ............................................ 158 References ......................................................... 161
February 2012 : Micro Market Report | 01
February 2012 Housing Inventory Chatter Our analysts have been closely studying one of the key variables used to describe any modern housing market: INVENTORY. According to the existing home sales report released in February 2012, the current “months supply” of homes nationally has declined to the lowest
Sharran Srivatsaa
level since April 2006. Now, what does that really mean? To understand this
Chief Executive Officer, Teles Intelligence
better, we first need to understand how the National Association of Realtors (NAR) defines Inventory. Their definition of “months supply” is just their simplistic measure of inventory and is not overly helpful in a true analysis of the transactional market. The diagram on pages 4-5 break down the US housing market inventory into several additional categories. Housing units can be either occupied or vacant, and occupied units are either currently listed for sale or unlisted/not for sale. Vacant units can be listed for sale, seasonal or recreational properties that are not for sale, or can fall into a number of other categories (e.g. for rent, sold but not yet occupied, or “held off market”).
The NAR Inventory is calculated to track “active listings” which are broadly defined as all the current homes that are up for sale, regardless of whether they might be occupied or unoccupied. By this calculation, the overall market inventory can be impacted by changes in the sales as well as changes in new listings. New listings, in turn, can result from foreclosure or REO sales (which would become “vacant for sale”) or simply the choice of a homeowner (which are “occupied for sale”).
02 | Micro Market Report : February 2012
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These components can be explained by thinking about the change in the number of homes offered for sale as... the difference between the net new listings and sales: Change in Homes for Sale = Net New Listings – Sales We can quickly compute total net new listing activity from NAR’s reported data on existing home sales and inventory. Interestingly, early in the housing recession, existing home inventories began to increase because sales volumes peaked but net new listings remained very high. However, over the last three years, except during the period affected by the homebuyer tax credit (which saw large, policy-driven spikes in 2009 and 2010), existing home sales have run above net new listings, helping drain inventory from the market. All our analysts continue to think that the real way to measure the overhang in the housing market is through excess vacancies. This is essentially the number of homes currently sitting empty above and beyond the seasonal level of vacancies. As you might imagine, this figure is conceptually different than the NAR measure, and it can only decline through new household formation or demolitions. The NAR measure, in contrast, can decline if current homeowners perceive a soft market and just pull their listings! While you are looking through this month’s report, don’t let the Month’s Supply of Inventory sway you. For each micro-market in which you are interested, also observe the relationship between Properties Sold and Days on Market. You should start to see a pattern emerge which can give you greater insight into whether it is a buyer’s market, a seller’s market or just a neutral market… or you can just wait for our upcoming report where we have built in that analysis for you!
All the Best!
S harr an S ri vats aa
February 2012 : Micro Market Report | 03
February 2012
This month’s analysis cites economic studies from Goldman Sachs and Credit Suisse’s 2012 Outlook, and JP Morgan Chase’s Eye on the Market publication. NAR Data as of February 2012
Occupied (114.6m)
For Sale (1.3m)
Not For Sale (113.3m)
“Active Listings” NAR Inventory (3.2m
04 | Micro Market Report : February 2012
All Homes (131.8m)
Vacant (17..2m)
For Sale (1.9m)
Seasonal (5.2m)
Other (10.1m)
m)
February 2012 : Micro Market Report | 05
los angeles
oran cou
Los Angeles Macro Market................................. 10
Brentwood .......................................................... 22
Los Feliz ............................
Bel Air - Holmby Hills ......................................... 12
Cheviot Hills - Rancho Park ................................ 24
Malibu ...............................
Beverly Center - Miracle Mile ........................... 14
Culver City ........................................................... 26
Malibu Beach ...................
Beverly Hills ........................................................ 16
Hancock Park - Wilshire ..................................... 28
Marina del Rey .................
Beverly Hills P.O. ................................................. 18
Hollywood ........................................................... 30
Mid Los Angeles ...............
Beverlywood ....................................................... 20
Hollywood Hills East .......................................... 32
Mid Wilshire .....................
08 | Micro Market Report : February 2012
nge unty
san gabriel south bay
................................... 34
Pacific Palisades ................................................. 46
Venice ................................................................. 58
................................... 36
Palms - Mar Vista ............................................... 48
West Hollywood ................................................. 60
................................... 38
Playa del Rey ...................................................... 50
West Los Angeles .............................................. 62
................................... 40
Playa Vista .......................................................... 52
Westchester ....................................................... 64
................................... 42
Santa Monica ..................................................... 54
Westwood - Century City ................................... 66
................................... 44
Sunset Strip - Hollywood Hills West ................. 56
February 2012 : Micro Market Report | 09
Los Angeles Macro Market DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,160,437
$1,242,223
7.0%
Average Price per Square Foot ...........................
$517
$540
4.5%
Properties Sold .......................................................
195
227
16.4%
Properties Pending Sale .......................................
277
415
49.8%
Properties For Sale ................................................
2968
2404
-19.0%
Days on Market (Pending Sale) ...........................
91
69
-24.9%
Month’s Supply of Inventory ................................
10.7
5.8
-45.9%
Percent Under Contract ........................................
9.3%
17.3%
85.0%
Average Median Price for Last 12 Months ........
$1,314,821
$1,313,537
-0.1%
Average Median Price for Last 3 Months ..........
$1,131,929
$1,299,045
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.
M E D I A N
S A L E S
P R I C E
$1.242
$1.160
FEB
MAR
APR
MAY
JUN
10 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
Bel Air - Holmby Hil s DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,477,500
$1,751,000
18.5%
Average Price per Square Foot ...........................
$642
$733
14.2%
Properties Sold .......................................................
6
4
-33.3%
Properties Pending Sale .......................................
9
13
44.4%
Properties For Sale ................................................
169
127
-24.9%
Days on Market (Pending Sale) ...........................
41
95
131.7%
Month’s Supply of Inventory ................................
18.8
9.8
-48.0%
Percent Under Contract ........................................
5.3%
10.2%
92.2%
Average Median Price for Last 12 Months ........
$1,887,000
$1,679,875
-12.3%
Average Median Price for Last 3 Months ..........
$1,712,000
$1,943,542
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$1.477
S A L E S
$1.751
FEB
MAR
APR
MAY
JUN
12 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,679,875
PROPERTIES FOR SALE
127
DAYS ON MARKET**
86
shadow inventory
31
(90077 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 13
Beverly Center - Miracle Mile DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,007,500
$825,000
-18.1%
Average Price per Square Foot ...........................
$558
$461
-17.4%
Properties Sold .......................................................
8
9
12.5%
Properties Pending Sale .......................................
5
18
260.0%
Properties For Sale ................................................
89
72
-19.1%
Days on Market (Pending Sale) ...........................
43
43
0.0%
Month’s Supply of Inventory ................................
17.8
4.0
-77.5%
Percent Under Contract ........................................
5.6%
25.0%
345.0%
Average Median Price for Last 12 Months ........
$946,000
$942,481
-0.4%
Average Median Price for Last 3 Months ..........
$910,000
$894,833
-1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$825
P R I C E
$1.007
FEB
MAR
APR
MAY
JUN
14 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$942,481
PROPERTIES FOR SALE
72
DAYS ON MARKET**
47
pending listings
18
**12 month average
active listings
pending listings
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 15
Beverly Hil s DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,947,500
$2,862,000
47.0%
Average Price per Square Foot ...........................
$767
$816
6.4%
Properties Sold .......................................................
8
5
-37.5%
Properties Pending Sale .......................................
16
14
-12.5%
Properties For Sale ................................................
147
113
-23.1%
Days on Market (Pending Sale) ...........................
94
96
2.1%
Month’s Supply of Inventory ................................
9.2
8.1
-12.1%
Percent Under Contract ........................................
10.9%
12.4%
13.8%
Average Median Price for Last 12 Months ........
$3,294,000
$3,054,423
-7.8%
Average Median Price for Last 3 Months ..........
$2,621,000
$3,480,667
24.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$1.947
S A L E S
$2.862
FEB
MAR
APR
MAY
JUN
16 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,833,519
PROPERTIES FOR SALE
113
DAYS ON MARKET**
92
SHADOW INVENTORY
82
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 17
Beverly Hil s P.O. DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,356,500
$1,850,000
36.4%
Average Price per Square Foot ...........................
$744
$946
27.2%
Properties Sold .......................................................
4
9
125.0%
Properties Pending Sale .......................................
11
21
90.9%
Properties For Sale ................................................
178
148
-16.9%
Days on Market (Pending Sale) ...........................
102
134
31.4%
Month’s Supply of Inventory ................................
16.2
7.0
-56.4%
Percent Under Contract ........................................
6.2%
14.2%
129.6%
Average Median Price for Last 12 Months ........
$1,752,000
$2,063,673
15.1%
Average Median Price for Last 3 Months ..........
$1,719,000
$2,064,167
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$1.358
S A L E S
$1.850
FEB
MAR
APR
MAY
JUN
18 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,063,673
PROPERTIES FOR SALE
148
DAYS ON MARKET**
101
Shadow inventory
66
(90210 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 19
Beverlywood DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$645,000
$722,500
12.0%
Average Price per Square Foot ...........................
$442
$406
-8.1%
Properties Sold .......................................................
5
12
140.0%
Properties Pending Sale .......................................
8
17
112.5%
Properties For Sale ................................................
75
58
-22.7%
Days on Market (Pending Sale) ...........................
86
58
-32.6%
Month’s Supply of Inventory ................................
9.4
3.4
-63.6%
Percent Under Contract ........................................
10.7%
29.3%
174.8%
Average Median Price for Last 12 Months ........
$791,000
$739,846
-6.9%
Average Median Price for Last 3 Months ..........
$767,000
$714,000
-7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$645
P R I C E
$722
FEB
MAR
APR
MAY
JUN
20 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$739,846
PROPERTIES FOR SALE
58
DAYS ON MARKET**
51
Shadow inventory
28
(90035 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 21
Brentwood DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,260,000
$2,187,000
73.6%
Average Price per Square Foot ...........................
$593
$610
2.9%
Properties Sold .......................................................
11
12
9.1%
Properties Pending Sale .......................................
12
24
100.0%
Properties For Sale ................................................
151
129
-14.6%
Days on Market (Pending Sale) ...........................
99
60
-39.4%
Month’s Supply of Inventory ................................
12.6
5.4
-57.3%
Percent Under Contract ........................................
7.9%
18.6%
134.1%
Average Median Price for Last 12 Months ........
$1,770,000
$1,884,538
6.1%
Average Median Price for Last 3 Months ..........
$1,550,000
$2,035,667
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$2.187
M E D I A N
$1.260
FEB
MAR
APR
MAY
JUN
22 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,884,538
PROPERTIES FOR SALE
129
DAYS ON MARKET**
73
Shadow Inventory
40 (90049 Zip Code) **12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 23
Cheviot Hil s - Rancho Park DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,085,000
$1,550,000
42.9%
Average Price per Square Foot ...........................
$582
$582
0.0%
Properties Sold .......................................................
4
3
-25.0%
Properties Pending Sale .......................................
8
9
12.5%
Properties For Sale ................................................
41
28
-31.7%
Days on Market (Pending Sale) ...........................
74
46
-37.8%
Month’s Supply of Inventory ................................
5.1
3.1
-39.3%
Percent Under Contract ........................................
19.5%
32.1%
64.7%
Average Median Price for Last 12 Months ........
$1,094,000
$1,231,873
11.2%
Average Median Price for Last 3 Months ..........
$1,108,000
$1,260,667
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.085
P R I C E
$1.550
FEB
MAR
APR
MAY
JUN
24 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,231,873
PROPERTIES FOR SALE
28
DAYS ON MARKET**
58
pending listings
9
**12 month average
active listings
pending listings
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 25
Culver City DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$521,000
$525,000
0.8%
Average Price per Square Foot ...........................
$432
$366
-15.3%
Properties Sold .......................................................
9
7
-22.2%
Properties Pending Sale .......................................
5
10
100.0%
Properties For Sale ................................................
60
45
-25.0%
Days on Market (Pending Sale) ...........................
52
52
0.0%
Month’s Supply of Inventory ................................
12.0
4.5
-62.5%
Percent Under Contract ........................................
8.3%
22.2%
166.7%
Average Median Price for Last 12 Months ........
$660,000
$628,772
-5.0%
Average Median Price for Last 3 Months ..........
$619,000
$597,500
-3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$525
$521
FEB
MAR
APR
MAY
JUN
26 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$628,772
PROPERTIES FOR SALE
45
DAYS ON MARKET**
53
SHADOW INVENTORY
61
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 27
Hancock Park - Wilshire DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,101,528
$1,006,500
-8.6%
Average Price per Square Foot ...........................
$488
$451
-7.6%
Properties Sold .......................................................
10
20
100.0%
Properties Pending Sale .......................................
13
27
107.7%
Properties For Sale ................................................
135
123
-8.9%
Days on Market (Pending Sale) ...........................
87
63
-27.6%
Month’s Supply of Inventory ................................
10.4
4.6
-56.1%
Percent Under Contract ........................................
9.6%
22.0%
128.0%
Average Median Price for Last 12 Months ........
$1,069,000
$1,002,791
-6.6%
Average Median Price for Last 3 Months ..........
$972,000
$922,833
-5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$1.008
S A L E S
$1.101
FEB
MAR
APR
MAY
JUN
28 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,002,791
PROPERTIES FOR SALE
123
DAYS ON MARKET**
61
shadow inventory
72
(90004, 90020 Zip Codes)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 29
Hollywood DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$100,000
$499,000
399.0%
Average Price per Square Foot ...........................
$175
$310
77.1%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
4
7
75.0%
Properties For Sale ................................................
23
21
-8.7%
Days on Market (Pending Sale) ...........................
13
35
169.2%
Month’s Supply of Inventory ................................
5.8
3.0
-47.8%
Percent Under Contract ........................................
17.4%
33.3%
91.7%
Average Median Price for Last 12 Months ........
$451,000
$438,692
-2.8%
Average Median Price for Last 3 Months ..........
$404,000
$439,333
8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E
$100
FEB
S A L E S M E D I A N
$499
MAR
APR
MAY
JUN
30 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$438,692
PROPERTIES FOR SALE
21
DAYS ON MARKET**
43
shadow inventory
102
(90028, 90038, 90068 Zip Codes)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 31
Hollywood Hil s East DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,090,000
$707,500
-35.1%
Average Price per Square Foot ...........................
$494
$377
-23.7%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
10
9
-10.0%
Properties For Sale ................................................
88
64
-27.3%
Days on Market (Pending Sale) ...........................
37
38
2.7%
Month’s Supply of Inventory ................................
8.8
7.1
-19.2%
Percent Under Contract ........................................
11.4%
14.1%
23.8%
Average Median Price for Last 12 Months ........
$958,000
$842,962
-13.6%
Average Median Price for Last 3 Months ..........
$980,000
$758,167
-29.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$707
S A L E S
$1.090
FEB
MAR
APR
MAY
JUN
32 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$842,962
PROPERTIES FOR SALE
64
DAYS ON MARKET**
65
pending listings
9
**12 month average
active listings
pending listings
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 33
Los Feliz DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,069,500
$1,075,000
0.5%
Average Price per Square Foot ...........................
$512
$494
-3.5%
Properties Sold .......................................................
10
11
10.0%
Properties Pending Sale .......................................
13
27
107.7%
Properties For Sale ................................................
91
83
-8.8%
Days on Market (Pending Sale) ...........................
61
53
-13.1%
Month’s Supply of Inventory ................................
7.0
3.1
-56.1%
Percent Under Contract ........................................
14.3%
32.5%
127.7%
Average Median Price for Last 12 Months ........
$987,000
$947,633
-4.2%
Average Median Price for Last 3 Months ..........
$929,000
$1,039,908
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$1.075
$1.069
FEB
MAR
APR
MAY
JUN
34 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$947,633
PROPERTIES FOR SALE
83
DAYS ON MARKET**
50
shadow inventory
44
(90027 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 35
Malibu DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$3,980,000
$2,100,000
-47.2%
Average Price per Square Foot ...........................
$889
$652
-26.7%
Properties Sold .......................................................
5
11
120.0%
Properties Pending Sale .......................................
10
14
40.0%
Properties For Sale ................................................
261
227
-13.0%
Days on Market (Pending Sale) ...........................
213
63
-70.4%
Month’s Supply of Inventory ................................
26.1
16.2
-37.9%
Percent Under Contract ........................................
3.8%
6.2%
61.0%
Average Median Price for Last 12 Months ........
$1,975,000
$1,998,347
1.2%
Average Median Price for Last 3 Months ..........
$2,837,000
$1,950,000
-45.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$2.100
S A L E S
$3.980
FEB
MAR
APR
MAY
JUN
36 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,998,347
PROPERTIES FOR SALE
227
DAYS ON MARKET**
161
SHADOW INVENTORY
66
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 37
Malibu Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$0
$3,795,000
N/A
Average Price per Square Foot ...........................
$0
$1,013
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
2
7
250.0%
Properties For Sale ................................................
102
92
-9.8%
Days on Market (Pending Sale) ...........................
584
320
-45.2%
Month’s Supply of Inventory ................................
51.0
13.1
-74.2%
Percent Under Contract ........................................
2.0%
7.6%
288.0%
Average Median Price for Last 12 Months ........
$5,188,000
$5,541,955
6.4%
Average Median Price for Last 3 Months ..........
$1,950,000
$4,647,500
58.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$0 FEB
MAR
APR
MAY
JUN
38 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
M E D I A N
$3.750
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$4,689,346
PROPERTIES FOR SALE
92
DAYS ON MARKET**
224
SHADOW INVENTORY
66
(Malibu)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 39
Marina del Rey DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$2,342,835
$780,000
-66.7%
Average Price per Square Foot ...........................
$439
$402
-8.4%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
4
3
-25.0%
Properties For Sale ................................................
38
31
-18.4%
Days on Market (Pending Sale) ...........................
52
57
9.6%
Month’s Supply of Inventory ................................
9.5
10.3
8.8%
Percent Under Contract ........................................
10.5%
9.7%
-8.1%
Average Median Price for Last 12 Months ........
$1,419,000
$1,341,757
-5.8%
Average Median Price for Last 3 Months ..........
$1,622,000
$1,126,250
-44.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
FEB
MAR
APR
MAY
JUN
40 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
M E D I A N
$780
S A L E S
P R I C E
$2.342
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,238,545
PROPERTIES FOR SALE
31
DAYS ON MARKET**
68
SHADOW INVENTORY
5
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 41
Mid Los Angeles DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$350,000
$205,250
-41.4%
Average Price per Square Foot ...........................
$231
$216
-6.5%
Properties Sold .......................................................
9
7
-22.2%
Properties Pending Sale .......................................
13
18
38.5%
Properties For Sale ................................................
133
96
-27.8%
Days on Market (Pending Sale) ...........................
77
62
-19.5%
Month’s Supply of Inventory ................................
10.2
5.3
-47.9%
Percent Under Contract ........................................
9.8%
18.8%
91.8%
Average Median Price for Last 12 Months ........
$317,000
$299,228
-5.9%
Average Median Price for Last 3 Months ..........
$324,000
$290,408
-11.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$205
S A L E S
$350
FEB
MAR
APR
MAY
JUN
42 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$299,228
PROPERTIES FOR SALE
96
DAYS ON MARKET**
59
shadow inventory
132 (90019 Zip Code) **12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 43
Mid Wilshire DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$435,000
$460,000
5.7%
Average Price per Square Foot ...........................
$201
$166
-17.4%
Properties Sold .......................................................
4
1
-75.0%
Properties Pending Sale .......................................
5
4
-20.0%
Properties For Sale ................................................
34
20
-41.2%
Days on Market (Pending Sale) ...........................
117
14
-88.0%
Month’s Supply of Inventory ................................
6.8
5.0
-26.5%
Percent Under Contract ........................................
14.7%
20.0%
36.0%
Average Median Price for Last 12 Months ........
$422,000
$436,678
3.4%
Average Median Price for Last 3 Months ..........
$453,000
$364,300
-24.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$460
$435
FEB
MAR
APR
MAY
JUN
44 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$436,549
PROPERTIES FOR SALE
20
DAYS ON MARKET**
32
pending listings
4
**12 month average
active listings
pending listings
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 45
Pacific Palisades DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,715,000
$1,950,000
13.7%
Average Price per Square Foot ...........................
$652
$670
2.8%
Properties Sold .......................................................
9
11
22.2%
Properties Pending Sale .......................................
21
19
-9.5%
Properties For Sale ................................................
178
134
-24.7%
Days on Market (Pending Sale) ...........................
94
119
26.6%
Month’s Supply of Inventory ................................
8.5
7.1
-16.8%
Percent Under Contract ........................................
11.8%
14.2%
20.2%
Average Median Price for Last 12 Months ........
$1,824,000
$1,743,259
-4.6%
Average Median Price for Last 3 Months ..........
$1,571,000
$1,644,750
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$1.950 $1.715
FEB
MAR
APR
MAY
JUN
46 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,743,259
PROPERTIES FOR SALE
134
DAYS ON MARKET**
68
SHADOW INVENTORY
29
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 47
Palms - Mar Vista DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$815,250
$700,000
-14.1%
Average Price per Square Foot ...........................
$476
$448
-5.9%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
22
20
-9.1%
Properties For Sale ................................................
106
81
-23.6%
Days on Market (Pending Sale) ...........................
67
92
37.3%
Month’s Supply of Inventory ................................
4.8
4.1
-15.9%
Percent Under Contract ........................................
20.8%
24.7%
19.0%
Average Median Price for Last 12 Months ........
$740,000
$742,323
0.3%
Average Median Price for Last 3 Months ..........
$722,000
$734,983
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$700
P R I C E
$815
FEB
MAR
APR
MAY
JUN
48 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$742,323
PROPERTIES FOR SALE
81
DAYS ON MARKET**
54
shadow inventory
112
(90066, 90034 Zip Codes)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 49
Playa del Rey DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$940,000
$807,250
-14.1%
Average Price per Square Foot ...........................
$331
$406
22.7%
Properties Sold .......................................................
3
2
-33.3%
Properties Pending Sale .......................................
1
5
400.0%
Properties For Sale ................................................
27
24
-11.1%
Days on Market (Pending Sale) ...........................
54
50
-7.4%
Month’s Supply of Inventory ................................
27.0
4.8
-82.2%
Percent Under Contract ........................................
3.7%
20.8%
462.5%
Average Median Price for Last 12 Months ........
$1,050,000
$914,932
-14.8%
Average Median Price for Last 3 Months ..........
$1,268,000
$774,917
-63.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$807
S A L E S
$940
FEB
MAR
APR
MAY
JUN
50 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$844,553
PROPERTIES FOR SALE
24
DAYS ON MARKET**
57
SHADOW INVENTORY
14
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 51
Playa Vista DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$0
$925,000
N/A
Average Price per Square Foot ...........................
$0
$365
N/A
Properties Sold .......................................................
0
1
N/A
Properties Pending Sale .......................................
0
1
N/A
Properties For Sale ................................................
5
4
-20.0%
Days on Market (Pending Sale) ...........................
0
22
N/A
Month’s Supply of Inventory ................................
N/A
4.0
N/A
Percent Under Contract ........................................
0.0%
25.0%
N/A
Average Median Price for Last 12 Months ........
$1,031,000
$923,156
-11.7%
Average Median Price for Last 3 Months ..........
$0
$862,500
N/A
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E
$0 FEB
S A L E S M E D I A N
$925
MAR
APR
MAY
JUN
52 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$568,096
PROPERTIES FOR SALE
4
DAYS ON MARKET**
22
pending listings
1
**12 month average
active listings
pending inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 53
Santa Monica DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,346,250
$1,649,000
22.5%
Average Price per Square Foot ...........................
$753
$887
17.8%
Properties Sold .......................................................
14
14
0.0%
Properties Pending Sale .......................................
20
26
30.0%
Properties For Sale ................................................
122
107
-12.3%
Days on Market (Pending Sale) ...........................
52
52
0.0%
Month’s Supply of Inventory ................................
6.1
4.1
-32.5%
Percent Under Contract ........................................
16.4%
24.3%
48.2%
Average Median Price for Last 12 Months ........
$1,582,000
$1,605,023
1.4%
Average Median Price for Last 3 Months ..........
$1,669,000
$1,724,000
3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$1.346
S A L E S
$1.649
FEB
MAR
APR
MAY
JUN
54 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,605,023
PROPERTIES FOR SALE
107
DAYS ON MARKET**
68
SHADOW INVENTORY
38
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 55
Sunset Strip - Hollywood Hil s West DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,900,000
$1,276,000
-32.8%
Average Price per Square Foot ...........................
$543
$471
-13.3%
Properties Sold .......................................................
10
22
120.0%
Properties Pending Sale .......................................
24
35
45.8%
Properties For Sale ................................................
344
267
-22.4%
Days on Market (Pending Sale) ...........................
91
82
-9.9%
Month’s Supply of Inventory ................................
14.3
7.6
-46.8%
Percent Under Contract ........................................
7.0%
13.1%
87.9%
Average Median Price for Last 12 Months ........
$1,260,000
$1,306,208
3.5%
Average Median Price for Last 3 Months ..........
$1,058,000
$1,515,317
30.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.276
S A L E S
P R I C E
$1.900
FEB
MAR
APR
MAY
JUN
56 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,306,208
PROPERTIES FOR SALE
267
DAYS ON MARKET**
78
pending listings
35
**12 month average
active listings
pending listings
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 57
Venice DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$782,500
$1,300,000
66.1%
Average Price per Square Foot ...........................
$560
$549
-2.0%
Properties Sold .......................................................
14
6
-57.1%
Properties Pending Sale .......................................
12
13
8.3%
Properties For Sale ................................................
112
87
-22.3%
Days on Market (Pending Sale) ...........................
80
55
-31.3%
Month’s Supply of Inventory ................................
9.3
6.7
-28.3%
Percent Under Contract ........................................
10.7%
14.9%
39.5%
Average Median Price for Last 12 Months ........
$966,000
$979,123
1.3%
Average Median Price for Last 3 Months ..........
$858,000
$1,058,033
18.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$1.300
M E D I A N
$782
FEB
MAR
APR
MAY
JUN
58 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$979,123
PROPERTIES FOR SALE
87
DAYS ON MARKET**
65
SHADOW INVENTORY
35
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 59
West Hollywood DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$822,500
$1,042,000
26.7%
Average Price per Square Foot ...........................
$635
$690
8.7%
Properties Sold .......................................................
9
4
-55.6%
Properties Pending Sale .......................................
7
11
57.1%
Properties For Sale ................................................
64
51
-20.3%
Days on Market (Pending Sale) ...........................
47
45
-4.3%
Month’s Supply of Inventory ................................
9.1
4.6
-49.3%
Percent Under Contract ........................................
10.9%
21.6%
97.2%
Average Median Price for Last 12 Months ........
$776,000
$940,365
17.5%
Average Median Price for Last 3 Months ..........
$770,000
$987,667
22.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$1.042
M E D I A N
$822
FEB
MAR
APR
MAY
JUN
60 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$940,265
PROPERTIES FOR SALE
51
DAYS ON MARKET**
69
SHADOW INVENTORY
24
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 61
West Los Angeles DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$455,000
$499,000
9.7%
Average Price per Square Foot ...........................
$337
$603
78.9%
Properties Sold .......................................................
3
1
-66.7%
Properties Pending Sale .......................................
3
4
33.3%
Properties For Sale ................................................
38
31
-18.4%
Days on Market (Pending Sale) ...........................
139
39
-71.9%
Month’s Supply of Inventory ................................
12.7
7.8
-38.8%
Percent Under Contract ........................................
7.9%
12.9%
63.4%
Average Median Price for Last 12 Months ........
$664,000
$605,996
-9.6%
Average Median Price for Last 3 Months ..........
$576,000
$596,333
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$499
$455
FEB
MAR
APR
MAY
JUN
62 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$605,996
PROPERTIES FOR SALE
31
DAYS ON MARKET**
60
Shaodw inventory
21
(90025 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 63
Westchester DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$533,000
$578,250
8.5%
Average Price per Square Foot ...........................
$449
$369
-17.8%
Properties Sold .......................................................
7
14
100.0%
Properties Pending Sale .......................................
11
21
90.9%
Properties For Sale ................................................
88
61
-30.7%
Days on Market (Pending Sale) ...........................
54
37
-31.5%
Month’s Supply of Inventory ................................
8.0
2.9
-63.7%
Percent Under Contract ........................................
12.5%
34.4%
175.4%
Average Median Price for Last 12 Months ........
$662,000
$631,885
-4.8%
Average Median Price for Last 3 Months ..........
$602,000
$614,417
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$578
$533
FEB
MAR
APR
MAY
JUN
64 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$631,885
PROPERTIES FOR SALE
61
DAYS ON MARKET**
48
shadow inventory
93
(90045 Zip Code)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 65
Westwood - Century City DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,093,000
$1,155,000
5.7%
Average Price per Square Foot ...........................
$508
$662
30.3%
Properties Sold .......................................................
10
8
-20.0%
Properties Pending Sale .......................................
8
18
125.0%
Properties For Sale ................................................
69
80
15.9%
Days on Market (Pending Sale) ...........................
49
41
-16.3%
Month’s Supply of Inventory ................................
8.6
4.4
-48.5%
Percent Under Contract ........................................
11.6%
22.5%
94.1%
Average Median Price for Last 12 Months ........
$1,280,000
$1,311,248
2.4%
Average Median Price for Last 3 Months ..........
$1,123,000
$1,330,601
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$1.155
$1.093
FEB
MAR
APR
MAY
JUN
66 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,311,248
PROPERTIES FOR SALE
80
DAYS ON MARKET**
40
shadow inventory
13
(90024, 90067 Zip Codes)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 67
los angeles
oran cou
Orange Country Macro Market .......................... 72
East Bluff - Harbor View ..................................... 80
Irvine .................................
Balboa Peninsula ................................................ 74
East Costa Mesa ................................................ 82
Laguna Beach (all areas) ..
Corona del Mar - Spyglass ................................. 76
Fountain Valley ................................................... 84
Lower Newport Bay - Balb
Crystal Cove ........................................................ 78
Huntington Beach ............................................... 86
Newport Beach (all areas)
70 | Micro Market Report : February 2012
nge unty
san gabriel south bay
................................... 88
Newport Coast ..................................................
96
West Newport - Lido ......................................... 104
................................... 90
Newport Heights ...............................................
98
Westminster ...................................................... 106
boa Island ................. 92
Turtle Ridge ........................................................ 100
) ................................ 94
West Bay - Santa Ana Heights ......................... 102
February 2012 : Micro Market Report | 71
Orange County Macro Market DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,072,469
$1,434,575
33.8%
Average Price per Square Foot ...........................
$478
$569
19.1%
Properties Sold .......................................................
256
279
9.0%
Properties Pending Sale .......................................
316
531
68.0%
Properties For Sale ................................................
2833
2467
-12.9%
Days on Market (Pending Sale) ...........................
117
81
-31.0%
Month’s Supply of Inventory ................................
9.0
4.6
-48.2%
Percent Under Contract ........................................
11.2%
21.5%
93.0%
Average Median Price for Last 12 Months ........
$1,550,750
$1,517,572
-2.2%
Average Median Price for Last 3 Months ..........
$1,422,438
$1,527,691
6.9%
*Information obtained from Broker Metrics, SOCAL MLS and Foreclosure Radar for all areas in Orange County 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
$1.072
P R I C E
$1.434
FEB
MAR
APR
MAY
JUN
72 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
Balboa Peninsula DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$0
$3,052,750
N/A
Average Price per Square Foot ...........................
$0
$1,054
N/A
Properties Sold .......................................................
0
5
N/A
Properties Pending Sale .......................................
1
9
800.0%
Properties For Sale ................................................
52
74
42.3%
Days on Market (Pending Sale) ...........................
166
193
16.3%
Month’s Supply of Inventory ................................
52.0
8.2
-84.2%
Percent Under Contract ........................................
1.9%
12.2%
532.4%
Average Median Price for Last 12 Months ........
$2,037,000
$2,437,239
16.4%
Average Median Price for Last 3 Months ..........
$1,525,000
$2,755,083
44.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$3.052
$0 FEB
MAR
APR
MAY
JUN
74 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,062,279
PROPERTIES FOR SALE
74
DAYS ON MARKET**
121
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 75
Corona del Mar - Spyglass DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,480,000
$1,890,000
27.7%
Average Price per Square Foot ...........................
$679
$1,442
112.4%
Properties Sold .......................................................
6
6
0.0%
Properties Pending Sale .......................................
12
19
58.3%
Properties For Sale ................................................
107
111
3.7%
Days on Market (Pending Sale) ...........................
127
56
-55.9%
Month’s Supply of Inventory ................................
8.9
5.8
-34.5%
Percent Under Contract ........................................
11.2%
17.1%
52.6%
Average Median Price for Last 12 Months ........
$1,846,000
$1,816,308
-1.6%
Average Median Price for Last 3 Months ..........
$1,845,000
$1,843,333
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$1.890
M E D I A N
$1.480
FEB
MAR
APR
MAY
JUN
76 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,816,308
PROPERTIES FOR SALE
111
DAYS ON MARKET**
122
SHADOW INVENTORY
15
(corona del mar)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 77
Crystal Cove DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$3,060,000
$6,012,500
96.5%
Average Price per Square Foot ...........................
$807
$987
22.3%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
6
2
-66.7%
Properties For Sale ................................................
29
27
-6.9%
Days on Market (Pending Sale) ...........................
174
96
-44.8%
Month’s Supply of Inventory ................................
4.8
13.5
179.3%
Percent Under Contract ........................................
20.7%
7.4%
-64.2%
Average Median Price for Last 12 Months ........
$4,477,000
$4,354,432
-2.8%
Average Median Price for Last 3 Months ..........
$3,111,000
$5,225,417
40.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$6.012
M E D I A N
$3.060
FEB
MAR
APR
MAY
JUN
78 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,883,519
PROPERTIES FOR SALE
27
DAYS ON MARKET**
115
SHADOW INVENTORY
41
(Newport coast)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 79
East Bluff - Harbor View DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,500,000
$1,380,000
-8.0%
Average Price per Square Foot ...........................
$452
$525
16.2%
Properties Sold .......................................................
7
12
71.4%
Properties Pending Sale .......................................
14
19
35.7%
Properties For Sale ................................................
110
119
8.2%
Days on Market (Pending Sale) ...........................
152
74
-51.3%
Month’s Supply of Inventory ................................
7.9
6.3
-20.3%
Percent Under Contract ........................................
12.7%
16.0%
25.5%
Average Median Price for Last 12 Months ........
$1,364,000
$1,413,000
3.5%
Average Median Price for Last 3 Months ..........
$1,361,000
$1,197,000
-13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.380
P R I C E
$1.500
FEB
MAR
APR
MAY
JUN
80 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,413,000
PROPERTIES FOR SALE
119
DAYS ON MARKET**
109
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 81
East Costa Mesa DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$625,000
$548,000
-12.3%
Average Price per Square Foot ...........................
$409
$369
-9.8%
Properties Sold .......................................................
13
9
-30.8%
Properties Pending Sale .......................................
14
20
42.9%
Properties For Sale ................................................
73
59
-19.2%
Days on Market (Pending Sale) ...........................
96
67
-30.2%
Month’s Supply of Inventory ................................
5.2
3.0
-43.4%
Percent Under Contract ........................................
19.2%
33.9%
76.8%
Average Median Price for Last 12 Months ........
$621,000
$655,181
5.2%
Average Median Price for Last 3 Months ..........
$618,000
$579,333
-6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$548
P R I C E
$625
FEB
MAR
APR
MAY
JUN
82 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$655,181
PROPERTIES FOR SALE
59
DAYS ON MARKET**
82
SHADOW INVENTORY
239
(Costa mesa)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 83
Fountain Valley DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$550,000
$557,500
1.4%
Average Price per Square Foot ...........................
$277
$262
-5.4%
Properties Sold .......................................................
17
18
5.9%
Properties Pending Sale .......................................
22
36
63.6%
Properties For Sale ................................................
134
108
-19.4%
Days on Market (Pending Sale) ...........................
80
40
-50.0%
Month’s Supply of Inventory ................................
6.1
3.0
-50.7%
Percent Under Contract ........................................
16.4%
33.3%
103.0%
Average Median Price for Last 12 Months ........
$579,000
$549,423
-5.4%
Average Median Price for Last 3 Months ..........
$558,000
$552,500
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$557
$550
FEB
MAR
APR
MAY
JUN
84 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$549,423
PROPERTIES FOR SALE
108
DAYS ON MARKET**
74
SHADOW INVENTORY
152
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 85
Huntington Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$535,000
$612,500
14.5%
Average Price per Square Foot ...........................
$343
$337
-1.7%
Properties Sold .......................................................
57
58
1.8%
Properties Pending Sale .......................................
76
132
73.7%
Properties For Sale ................................................
571
441
-22.8%
Days on Market (Pending Sale) ...........................
111
69
-37.8%
Month’s Supply of Inventory ................................
7.5
3.3
-55.5%
Percent Under Contract ........................................
13.3%
29.9%
124.9%
Average Median Price for Last 12 Months ........
$621,000
$595,900
-4.7%
Average Median Price for Last 3 Months ..........
$583,000
$575,167
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$612
M E D I A N
$535
FEB
MAR
APR
MAY
JUN
86 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$592,900
PROPERTIES FOR SALE
441
DAYS ON MARKET**
96
SHADOW INVENTORY
464
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 87
Irvine DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$699,500
$660,000
-5.6%
Average Price per Square Foot ...........................
$344
$390
13.4%
Properties Sold .......................................................
42
37
-11.9%
Properties Pending Sale .......................................
59
91
54.2%
Properties For Sale ................................................
451
374
-17.1%
Days on Market (Pending Sale) ...........................
95
54
-43.2%
Month’s Supply of Inventory ................................
7.6
4.1
-46.2%
Percent Under Contract ........................................
13.1%
24.3%
86.0%
Average Median Price for Last 12 Months ........
$774,000
$711,145
-8.8%
Average Median Price for Last 3 Months ..........
$720,000
$692,796
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$660
S A L E S
$699
FEB
MAR
APR
MAY
JUN
88 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$711,145
PROPERTIES FOR SALE
374
DAYS ON MARKET**
87
SHADOW INVENTORY
285
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 89
Laguna Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,082,500
$941,600
-13.0%
Average Price per Square Foot ...........................
$648
$591
-8.8%
Properties Sold .......................................................
22
29
31.8%
Properties Pending Sale .......................................
19
45
136.8%
Properties For Sale ................................................
318
282
-11.3%
Days on Market (Pending Sale) ...........................
151
107
-29.1%
Month’s Supply of Inventory ................................
16.7
6.3
-62.6%
Percent Under Contract ........................................
6.0%
16.0%
167.1%
Average Median Price for Last 12 Months ........
$1,303,000
$1,176,835
-10.7%
Average Median Price for Last 3 Months ..........
$1,102,000
$1,013,033
-8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$941
S A L E S
$1.082
FEB
MAR
APR
MAY
JUN
90 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,176,835
PROPERTIES FOR SALE
282
DAYS ON MARKET**
147
SHADOW INVENTORY
100
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 91
Lower Newport Bay - Balboa Island DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,347,500
$1,425,000
5.8%
Average Price per Square Foot ...........................
$831
$829
-0.2%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
4
7
75.0%
Properties For Sale ................................................
57
52
-8.8%
Days on Market (Pending Sale) ...........................
106
143
34.9%
Month’s Supply of Inventory ................................
14.3
7.4
-47.9%
Percent Under Contract ........................................
7.0%
13.5%
91.8%
Average Median Price for Last 12 Months ........
$2,169,000
$1,937,632
-11.9%
Average Median Price for Last 3 Months ..........
$2,915,000
$1,797,239
-62.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$1.425
$1.347
FEB
MAR
APR
MAY
JUN
92 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,937,632
PROPERTIES FOR SALE
52
DAYS ON MARKET**
106
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 93
Newport Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,165,000
$1,380,000
18.5%
Average Price per Square Foot ...........................
$500
$606
21.2%
Properties Sold .......................................................
27
35
29.6%
Properties Pending Sale .......................................
36
58
61.1%
Properties For Sale ................................................
408
390
-4.4%
Days on Market (Pending Sale) ...........................
140
105
-25.0%
Month’s Supply of Inventory ................................
11.3
6.7
-40.7%
Percent Under Contract ........................................
8.8%
14.9%
68.5%
Average Median Price for Last 12 Months ........
$1,401,000
$1,342,548
-4.4%
Average Median Price for Last 3 Months ..........
$1,414,000
$1,227,833
-15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.165
P R I C E
$1.380
FEB
MAR
APR
MAY
JUN
94 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,342,548
PROPERTIES FOR SALE
390
DAYS ON MARKET**
115
SHADOW INVENTORY
153
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 95
Newport Coast DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,190,000
$1,376,500
15.7%
Average Price per Square Foot ...........................
$459
$566
23.3%
Properties Sold .......................................................
7
8
14.3%
Properties Pending Sale .......................................
9
12
33.3%
Properties For Sale ................................................
107
84
-21.5%
Days on Market (Pending Sale) ...........................
191
58
-69.6%
Month’s Supply of Inventory ................................
11.9
7.0
-41.1%
Percent Under Contract ........................................
8.4%
14.3%
69.8%
Average Median Price for Last 12 Months ........
$1,715,000
$1,767,385
3.0%
Average Median Price for Last 3 Months ..........
$1,543,000
$1,557,167
0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$1.376
$1.190
FEB
MAR
APR
MAY
JUN
96 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,767,385
PROPERTIES FOR SALE
84
DAYS ON MARKET**
116
SHADOW INVENTORY
41
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 97
Newport Heights DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$800,000
$1,420,000
77.5%
Average Price per Square Foot ...........................
$538
$358
-33.5%
Properties Sold .......................................................
6
1
-83.3%
Properties Pending Sale .......................................
4
2
-50.0%
Properties For Sale ................................................
33
25
-24.2%
Days on Market (Pending Sale) ...........................
68
20
-70.6%
Month’s Supply of Inventory ................................
8.25
12.5
51.5%
Percent Under Contract ........................................
12.1%
8.0%
-34.0%
Average Median Price for Last 12 Months ........
$1,339,000
$1,214,085
-10.3%
Average Median Price for Last 3 Months ..........
$1,091,000
$1,203,500
9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$1.420
M E D I A N
$800
FEB
MAR
APR
MAY
JUN
98 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,214,085
PROPERTIES FOR SALE
25
DAYS ON MARKET**
82
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 99
Turtle Ridge DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$0
$1,690,000
N/A
Average Price per Square Foot ...........................
$0
$538
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
2
3
50.0%
Properties For Sale ................................................
22
23
4.5%
Days on Market (Pending Sale) ...........................
54
98
81.5%
Month’s Supply of Inventory ................................
11.0
7.7
-30.3%
Percent Under Contract ........................................
9.1%
13.0%
43.5%
Average Median Price for Last 12 Months ........
$1,671,000
$1,927,638
13.3%
Average Median Price for Last 3 Months ..........
$1,428,000
$2,015,833
29.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E
$0 FEB
S A L E S M E D I A N
$1.690
MAR
APR
MAY
JUN
100 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,927,638
PROPERTIES FOR SALE
23
DAYS ON MARKET**
106
SHADOW INVENTORY
285
(Irvine)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 101
West Bay - Santa Ana Heights DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,200,000
$1,145,000
-4.6%
Average Price per Square Foot ...........................
$401
$507
26.4%
Properties Sold .......................................................
7
8
14.3%
Properties Pending Sale .......................................
6
14
133.3%
Properties For Sale ................................................
74
57
-23.0%
Days on Market (Pending Sale) ...........................
136
63
-53.7%
Month’s Supply of Inventory ................................
12.3
4.1
-67.0%
Percent Under Contract ........................................
8.1%
24.6%
202.9%
Average Median Price for Last 12 Months ........
$1,158,000
$1,112,934
-4.0%
Average Median Price for Last 3 Months ..........
$1,062,000
$1,124,480
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.145
P R I C E
$1.200
FEB
MAR
APR
MAY
JUN
102 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,112,934
PROPERTIES FOR SALE
57
DAYS ON MARKET**
108
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 103
West Newport - Lido DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,525,000
$1,350,000
-11.5%
Average Price per Square Foot ...........................
$693
$619
-10.7%
Properties Sold .......................................................
3
5
66.7%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
80
63
-21.3%
Days on Market (Pending Sale) ...........................
178
150
-15.7%
Month’s Supply of Inventory ................................
11.4
9.0
-21.3%
Percent Under Contract ........................................
8.8%
11.1%
27.0%
Average Median Price for Last 12 Months ........
$1,737,000
$1,272,469
-36.5%
Average Median Price for Last 3 Months ..........
$1,883,000
$1,083,333
-73.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. 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
P R I C E
$1.525
FEB
MAR
APR
MAY
JUN
104 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,272,469
PROPERTIES FOR SALE
63
DAYS ON MARKET**
152
SHADOW INVENTORY
153
(Newport beach)
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 105
Westminster DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$400,000
$381,000
-4.8%
Average Price per Square Foot ...........................
$262
$263
0.4%
Properties Sold .......................................................
36
38
5.6%
Properties Pending Sale .......................................
25
55
120.0%
Properties For Sale ................................................
207
178
-14.0%
Days on Market (Pending Sale) ...........................
86
63
-26.7%
Month’s Supply of Inventory ................................
8.3
3.2
-60.9%
Percent Under Contract ........................................
12.1%
30.9%
155.8%
Average Median Price for Last 12 Months ........
$1,158,000
$402,231
-187.9%
Average Median Price for Last 3 Months ..........
$1,062,000
$385,000
-175.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$381
S A L E S
$400
FEB
MAR
APR
MAY
JUN
106 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$402,231
PROPERTIES FOR SALE
178
DAYS ON MARKET**
81
SHADOW INVENTORY
235
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 107
los angeles
oran cou
San Gabriel Valley Macro Market...................... 112
Eagle Rock ......................................................... 118
La Crescenta .....................
Altadena ............................................................ 114
Glendale ............................................................. 120
San Gabriel .......................
Arcadia ............................................................... 116
La Canada Flintridge .......................................... 122
San Marino .......................
110 | Micro Market Report : February 2012
nge unty
san gabriel south bay
.................................. 124
Pasadena ........................................................... 130
.................................. 126
South Pasadena ................................................. 132
.................................. 128
February 2012 : Micro Market Report | 111
San Gabriel Valley Macro Market DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$703,200
$735,600
4.6%
Average Price per Square Foot ...........................
$395
$394
-0.1%
Properties Sold .......................................................
145
164
13.1%
Properties Pending Sale .......................................
206
225
9.2%
Properties For Sale ................................................
1172
745
-36.4%
Days on Market (Pending Sale) ...........................
76
83
10.1%
Month’s Supply of Inventory ................................
8.1
4.5
-43.8%
Percent Under Contract ........................................
17.6%
30.2%
71.8%
Average Median Price for Last 12 Months ........
$777,838
$688,654
-11.5%
Average Median Price for Last 3 Months ..........
$737,500
$709,600
-3.8%
*Information obtained from iTech MLS and Foreclosure Radar for all areas in San Gabriel Valley 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
$703
P R I C E
$736
FEB
MAR
APR
MAY
JUN
112 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
Altadena DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$482,000
$477,000
-1.0%
Average Price per Square Foot ...........................
$308
$291
-5.5%
Properties Sold .......................................................
18
26
44.4%
Properties Pending Sale .......................................
27
38
40.7%
Properties For Sale ................................................
139
87
-37.4%
Days on Market (Pending Sale) ...........................
57
78
36.8%
Month’s Supply of Inventory ................................
5.1
2.3
-55.5%
Percent Under Contract ........................................
19.4%
43.7%
124.9%
Average Median Price for Last 12 Months ........
$504,846
$445,923
-11.7%
Average Median Price for Last 3 Months ..........
$444,667
$449,000
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$477
S A L E S
$482
FEB
MAR
APR
MAY
JUN
114 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$445,923
PROPERTIES FOR SALE
87
DAYS ON MARKET**
75
SHADOW INVENTORY
181
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 115
Arcadia DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$875,000
$783,000
-10.5%
Average Price per Square Foot ...........................
$393
$367
-6.6%
Properties Sold .......................................................
29
27
-6.9%
Properties Pending Sale .......................................
45
34
-24.4%
Properties For Sale ................................................
148
114
-23.0%
Days on Market (Pending Sale) ...........................
68
90
32.4%
Month’s Supply of Inventory ................................
3.3
3.4
1.9%
Percent Under Contract ........................................
30.4%
29.8%
-1.9%
Average Median Price for Last 12 Months ........
$836,077
$853,308
2.1%
Average Median Price for Last 3 Months ..........
$836,667
$874,333
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$783
S A L E S
$875
FEB
MAR
APR
MAY
JUN
116 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,833,519
PROPERTIES FOR SALE
114
DAYS ON MARKET**
65
SHADOW INVENTORY
50
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 117
Eagle Rock DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$405,000
$550,000
35.8%
Average Price per Square Foot ...........................
$307
$315
2.6%
Properties Sold .......................................................
11
9
-18.2%
Properties Pending Sale .......................................
11
11
0.0%
Properties For Sale ................................................
69
42
-39.1%
Days on Market (Pending Sale) ...........................
101
53
-47.5%
Month’s Supply of Inventory ................................
6.3
3.8
-39.1%
Percent Under Contract ........................................
15.9%
26.2%
64.3%
Average Median Price for Last 12 Months ........
$443,231
$436,308
-1.6%
Average Median Price for Last 3 Months ..........
$395,667
$498,667
26.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$550
M E D I A N
$405
FEB
MAR
APR
MAY
JUN
118 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$436,308
PROPERTIES FOR SALE
42
DAYS ON MARKET**
70
SHADOW INVENTORY
63
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 119
Glendale DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$595,000
$560,000
-5.9%
Average Price per Square Foot ...........................
$326
$297
-8.9%
Properties Sold .......................................................
40
45
12.5%
Properties Pending Sale .......................................
41
56
36.6%
Properties For Sale ................................................
296
141
-52.4%
Days on Market (Pending Sale) ...........................
70
79
12.9%
Month’s Supply of Inventory ................................
7.2
2.5
-65.1%
Percent Under Contract ........................................
13.9%
39.7%
186.7%
Average Median Price for Last 12 Months ........
$635,462
$568,615
-10.5%
Average Median Price for Last 3 Months ..........
$593,333
$556,667
-6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$560
P R I C E
$595
FEB
MAR
APR
MAY
JUN
120 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$568,615
PROPERTIES FOR SALE
141
DAYS ON MARKET**
76
SHADOW INVENTORY
365
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 121
La Canada Flintridge DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$960,000
$820,000
-14.6%
Average Price per Square Foot ...........................
$415
$416
0.2%
Properties Sold .......................................................
14
9
-35.7%
Properties Pending Sale .......................................
20
12
-40.0%
Properties For Sale ................................................
97
56
-42.3%
Days on Market (Pending Sale) ...........................
111
90
-18.9%
Month’s Supply of Inventory ................................
4.9
4.7
-3.8%
Percent Under Contract ........................................
20.6%
21.4%
3.9%
Average Median Price for Last 12 Months ........
$1,124,692
$1,077,000
-4.2%
Average Median Price for Last 3 Months ..........
$1,028,333
$1,041,000
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$820
S A L E S
$960
FEB
MAR
APR
MAY
JUN
122 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,077,000
PROPERTIES FOR SALE
56
DAYS ON MARKET**
82
SHADOW INVENTORY
54
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 123
La Crescenta DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$475,000
$450,000
-5.3%
Average Price per Square Foot ...........................
$333
$314
-5.7%
Properties Sold .......................................................
13
17
30.8%
Properties Pending Sale .......................................
12
23
91.7%
Properties For Sale ................................................
111
56
-49.5%
Days on Market (Pending Sale) ...........................
95
96
1.1%
Month’s Supply of Inventory ................................
9.3
2.4
-73.7%
Percent Under Contract ........................................
10.8%
41.1%
279.9%
Average Median Price for Last 12 Months ........
$579,077
$521,462
-9.9%
Average Median Price for Last 3 Months ..........
$528,000
$485,667
-8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$450
S A L E S
$475
FEB
MAR
APR
MAY
JUN
124 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$521,462
PROPERTIES FOR SALE
56
DAYS ON MARKET**
89
SHADOW INVENTORY
138
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 125
Pasadena DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$602,000
$519,000
-13.8%
Average Price per Square Foot ...........................
$394
$394
0.0%
Properties Sold .......................................................
36
53
47.2%
Properties Pending Sale .......................................
57
71
24.6%
Properties For Sale ................................................
388
261
-32.7%
Days on Market (Pending Sale) ...........................
80
89
11.3%
Month’s Supply of Inventory ................................
6.8
3.7
-46.0%
Percent Under Contract ........................................
14.7%
27.2%
85.2%
Average Median Price for Last 12 Months ........
$589,231
$577,692
-2.0%
Average Median Price for Last 3 Months ..........
$558,000
$525,000
-5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$519
P R I C E
$602
FEB
MAR
APR
MAY
JUN
126 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$577,692
PROPERTIES FOR SALE
261
DAYS ON MARKET**
80
SHADOW INVENTORY
333
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 127
San Gabriel DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$525,000
$465,000
-11.4%
Average Price per Square Foot ...........................
$317
$333
5.0%
Properties Sold .......................................................
13
10
-23.1%
Properties Pending Sale .......................................
18
18
0.0%
Properties For Sale ................................................
121
80
-33.9%
Days on Market (Pending Sale) ...........................
73
63
-13.7%
Month’s Supply of Inventory ................................
6.7
4.4
-33.9%
Percent Under Contract ........................................
14.9%
22.5%
51.3%
Average Median Price for Last 12 Months ........
$524,154
$538,154
2.7%
Average Median Price for Last 3 Months ..........
$529,667
$476,333
-10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$465
P R I C E
$525
FEB
MAR
APR
MAY
JUN
128 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$538,154
PROPERTIES FOR SALE
80
DAYS ON MARKET**
64
SHADOW INVENTORY
61
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 129
San Marino DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,848,000
$2,575,000
39.3%
Average Price per Square Foot ...........................
$631
$719
13.9%
Properties Sold .......................................................
4
2
-50.0%
Properties Pending Sale .......................................
11
9
-18.2%
Properties For Sale ................................................
49
30
-38.8%
Days on Market (Pending Sale) ...........................
36
128
255.6%
Month’s Supply of Inventory ................................
12.3
15.0
22.4%
Percent Under Contract ........................................
22.4%
30.0%
33.6%
Average Median Price for Last 12 Months ........
$1,731,692
$1,593,000
-8.0%
Average Median Price for Last 3 Months ..........
$1,634,000
$1,986,667
21.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.848
P R I C E
$2.575
FEB
MAR
APR
MAY
JUN
130 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,593,000
PROPERTIES FOR SALE
30
DAYS ON MARKET**
69
SHADOW INVENTORY
4
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 131
South Pasadena DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$860,000
$717,000
-16.6%
Average Price per Square Foot ...........................
$453
$400
-11.7%
Properties Sold .......................................................
7
11
57.1%
Properties Pending Sale .......................................
5
9
80.0%
Properties For Sale ................................................
50
19
-62.0%
Days on Market (Pending Sale) ...........................
59
62
5.1%
Month’s Supply of Inventory ................................
10.0
2.1
-78.9%
Percent Under Contract ........................................
10.0%
47.4%
373.7%
Average Median Price for Last 12 Months ........
$809,923
$863,462
6.6%
Average Median Price for Last 3 Months ..........
$826,667
$836,000
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$717
$860
FEB
MAR
APR
MAY
JUN
132 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$863,462
PROPERTIES FOR SALE
19
DAYS ON MARKET**
57
SHADOW INVENTORY
20
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 133
los angeles
oran cou
South Bay Macro Market ................................... 138
Palos Verdes ...................................................... 142
Redondo Beach .................
Manhattan Beach .............................................. 140
Rancho Palos Verdes ......................................... 144
Rolling Hills .......................
136 | Micro Market Report : February 2012
nge unty
san gabriel south bay
.................................. 146
Rolling Hills Estates .......................................... 150
.................................. 148
San Pedro ........................................................... 152
Torrance ............................................................. 154
February 2012 : Micro Market Report | 137
South Bay Macro Market DATA *
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$745,938
$843,500
13.1%
Average Price per Square Foot ...........................
$369
$415
12.4%
Properties Sold .......................................................
97
111
14.4%
Properties Pending Sale .......................................
140
218
55.7%
Properties For Sale ................................................
905
794
-12.3%
Days on Market (Pending Sale) ...........................
101
81
-19.6%
Month’s Supply of Inventory ................................
6.5
3.6
-43.7%
Percent Under Contract ........................................
15.5%
27.5%
77.5%
Average Median Price for Last 12 Months ........
$1,078,500
$1,220,042
11.6%
Average Median Price for Last 3 Months ..........
$1,080,250
$1,281,563
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
S A L E S
$843
$745
FEB
MAR
APR
MAY
JUN
138 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
Manhattan Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,305,000
$1,750,000
34.1%
Average Price per Square Foot ...........................
$566
$574
1.4%
Properties Sold .......................................................
11
13
18.2%
Properties Pending Sale .......................................
26
40
53.8%
Properties For Sale ................................................
131
116
-11.5%
Days on Market (Pending Sale) ...........................
99
92
-7.1%
Month’s Supply of Inventory ................................
5.0
2.9
-42.4%
Percent Under Contract ........................................
19.8%
34.5%
73.7%
Average Median Price for Last 12 Months ........
$1,516,000
$1,484,135
-2.1%
Average Median Price for Last 3 Months ..........
$1,457,000
$1,556,667
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.305
P R I C E
$1.750
FEB
MAR
APR
MAY
JUN
140 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,484,135
PROPERTIES FOR SALE
116
DAYS ON MARKET**
83
SHADOW INVENTORY
31
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 141
Palos Verdes DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$1,280,000
$925,000
-27.7%
Average Price per Square Foot ...........................
$509
$429
-15.7%
Properties Sold .......................................................
13
23
76.9%
Properties Pending Sale .......................................
14
37
164.3%
Properties For Sale ................................................
92
163
77.2%
Days on Market (Pending Sale) ...........................
110
77
-30.0%
Month’s Supply of Inventory ................................
6.6
4.4
-33.0%
Percent Under Contract ........................................
15.2%
22.7%
49.2%
Average Median Price for Last 12 Months ........
$977,000
$1,374,989
28.9%
Average Median Price for Last 3 Months ..........
$880,000
$1,368,333
35.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$925
S A L E S
$1.280
142 | Micro Market Report : February 2012
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,833,519
PROPERTIES FOR SALE
163
DAYS ON MARKET**
102
SHADOW INVENTORY
29
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 143
Rancho Palos Verdes DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$825,000
$935,000
13.3%
Average Price per Square Foot ...........................
$494
$419
-15.2%
Properties Sold .......................................................
13
20
53.8%
Properties Pending Sale .......................................
16
30
87.5%
Properties For Sale ................................................
150
132
-12.0%
Days on Market (Pending Sale) ...........................
60
85
41.7%
Month’s Supply of Inventory ................................
9.4
4.4
-53.1%
Percent Under Contract ........................................
10.7%
22.7%
113.1%
Average Median Price for Last 12 Months ........
$949,000
$936,735
-1.3%
Average Median Price for Last 3 Months ..........
$878,000
$898,333
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$935 $825
FEB
MAR
APR
MAY
JUN
144 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$936,735
PROPERTIES FOR SALE
132
DAYS ON MARKET**
100
SHADOW INVENTORY
64
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 145
Redondo Beach DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$670,000
$668,500
-0.2%
Average Price per Square Foot ...........................
$409
$520
27.1%
Properties Sold .......................................................
22
14
-36.4%
Properties Pending Sale .......................................
32
22
-31.3%
Properties For Sale ................................................
134
90
-32.8%
Days on Market (Pending Sale) ...........................
102
79
-22.5%
Month’s Supply of Inventory ................................
4.2
4.1
-2.3%
Percent Under Contract ........................................
23.9%
24.4%
2.4%
Average Median Price for Last 12 Months ........
$723,000
$711,354
-1.6%
Average Median Price for Last 3 Months ..........
$688,000
$747,337
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
P R I C E
$668
$670
FEB
MAR
APR
MAY
JUN
146 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$711,354
PROPERTIES FOR SALE
90
DAYS ON MARKET**
76
SHADOW INVENTORY
78
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 147
Rolling Hil s DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$0
$1,650,000
N/A
Average Price per Square Foot ...........................
$0
$837
N/A
Properties Sold .......................................................
0
1
N/A
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
21
18
-14.3%
Days on Market (Pending Sale) ...........................
190
196
3.2%
Month’s Supply of Inventory ................................
10.5
9.0
-14.3%
Percent Under Contract ........................................
9.5%
11.1%
16.7%
Average Median Price for Last 12 Months ........
$2,280,000
$3,114,000
26.8%
Average Median Price for Last 3 Months ..........
$2,775,000
$3,700,000
25.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E S A L E S
$0 FEB
MAR
APR
MAY
JUN
148 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
M E D I A N
$1.650
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$2,395,385
PROPERTIES FOR SALE
18
DAYS ON MARKET**
159
SHADOW INVENTORY
16
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 149
Rolling Hil s Estates DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$845,000
$718,550
-15.0%
Average Price per Square Foot ...........................
$321
$363
13.1%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
2
13
550.0%
Properties For Sale ................................................
31
31
0.0%
Days on Market (Pending Sale) ...........................
198
63
-68.2%
Month’s Supply of Inventory ................................
15.5
2.4
-84.6%
Percent Under Contract ........................................
6.5%
41.9%
550.0%
Average Median Price for Last 12 Months ........
$1,127,000
$1,179,312
4.4%
Average Median Price for Last 3 Months ..........
$959,000
$1,053,683
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E M E D I A N
$718
S A L E S
$845
FEB
MAR
APR
MAY
JUN
150 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$1,179,312
PROPERTIES FOR SALE
31
DAYS ON MARKET**
89
SHADOW INVENTORY
8
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 151
San Pedro DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$467,500
$419,950
-10.2%
Average Price per Square Foot ...........................
$288
$252
-12.5%
Properties Sold .......................................................
12
12
0.0%
Properties Pending Sale .......................................
11
27
145.5%
Properties For Sale ................................................
153
103
-32.7%
Days on Market (Pending Sale) ...........................
88
78
-11.4%
Month’s Supply of Inventory ................................
13.9
3.8
-72.6%
Percent Under Contract ........................................
7.2%
26.2%
264.6%
Average Median Price for Last 12 Months ........
$469,000
$428,177
-9.5%
Average Median Price for Last 3 Months ..........
$440,000
$407,483
-8.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$419
P R I C E
$467
FEB
MAR
APR
MAY
JUN
152 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$428,177
PROPERTIES FOR SALE
103
DAYS ON MARKET**
93
SHADOW INVENTORY
142
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 153
Torrance DATA
FEB 2011
FEB 2012
% CHANGE
Median Price ..........................................................
$575,000
$524,500
-8.8%
Average Price per Square Foot ...........................
$365
$338
-7.4%
Properties Sold .......................................................
24
24
0.0%
Properties Pending Sale .......................................
37
47
27.0%
Properties For Sale ................................................
193
141
-26.9%
Days on Market (Pending Sale) ...........................
58
58
0.0%
Month’s Supply of Inventory ................................
5.2
3.0
-42.5%
Percent Under Contract ........................................
19.2%
33.3%
73.9%
Average Median Price for Last 12 Months ........
$587,000
$531,635
-10.4%
Average Median Price for Last 3 Months ..........
$565,000
$520,667
-8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$524
P R I C E
$575
FEB
MAR
APR
MAY
JUN
154 | Micro Market Report : February 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
(in hundred thousands)
yearly trend
telesintelligence.com
the numbers median sales price**
$531,635
PROPERTIES FOR SALE
141
DAYS ON MARKET**
68
SHADOW INVENTORY
293
**12 month average
active listings
s h ado w inventory
Teles intelligence where data meets reason
February 2012 : Micro Market Report | 155
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.
158 | Micro Market Report : February 2012
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.
February 2012 : Micro Market Report | 159
160 | Micro Market Report : February 2012
References
CONTACTS:
Laron Turley Director of Research, Teles Intelligence laron.turley@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@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
February 2012 : Micro Market Report | 161
Teles intelligence February 2012 | LOS ANGELES | ORANGE COUNTY | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.