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Teles intelligence

micro market report south bay JANUARY 2013 | SINGLE FAMILY HOMES REPORT


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Reading the Report

“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.

The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.

The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.

The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.


Median Price:

Days of market (Pending Sale):

A value that separates the upper half

The number of days that properties

of prices from the lower half of prices.

currently in escrow were on the market.

It can be interpreted like an average, however the extreme prices (high and

Month’s Supply of Inventory:

low) don’t hold undue influence.

The number of months it would take to sell all the properties listed for sale at

Average Price per Square Foot:

the current pace of sales and if no new

The price of each property divided by

listings entered the market.

their respective square footage then averaged across all properties sold in

Percent Under Contract:

the area for a given time period.

The ratio of properties for sale to properties pending sale.

Properties Sold:

The number of property transactions

Average Median Price for Last 12:

that closed and transferred ownership.

The Average Median Price for the Last 12 Months is sales data from 12 months

Properties Pending Sale:

ending in the identified month

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

Shadow Inventory:

Properties in Pre-Foreclosure, Bank Properties For Sale:

Owned or Auction as identified by

The number of properties on the

ForeclosureRadar.com

market and seeking buyers.


los ang

south bay

san fern

South Bay Macro Market

Palos Verdes

Redondo Beach

Manhattan Beach

Rancho Palos Verdes

Rolling Hills

Micro Market Report : January 2013


telesintelligence.com

geles

orange county

nando

san gabriel Rolling Hills Estates

Torrance

San Pedro

January 2013 : Micro Market Report


South Bay Macro Market DATA*

JAN 2012

JAN 2013

% CHANGE

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

$1,528,862

$1,063,611

-30.4%

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

$425

$457

7.5%

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

116

124

6.9%

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

130

194

49.2%

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

788

454

-42.4%

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

101

53

-47.4%

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

6.8

3.7

-46.1%

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

16.5%

42.7%

159.0%

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

$1,169,250

$1,225,156

4.8%

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

M E D I A N

$1.064

S A L E S

$1.529

(in hundred thousands)

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com


Manhattan Beach DATA*

JAN 2012

JAN 2013

% CHANGE

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

$1,481,250

$1,493,000

0.8%

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

$755

$994

31.7%

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

14

17

21.4%

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

21

23

9.5%

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

102

61

-40.2%

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

64

61

-4.7%

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

7.3

3.6

-50.7%

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

20.6%

37.7%

83.1%

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

$1,420,000

$1,520,538

7.1%

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

$1.493

M E D I A N

S A L E S

(in hundred thousands)

$1.481

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$1,520,538 PROPERTIES FOR SALE

61 DAYS ON MARKET**

64 shadow inventory

17 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Palos Verdes DATA*

JAN 2012

JAN 2013

% CHANGE

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

$1,755,000

$1,035,000

-41.0%

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

$550

$569

3.5%

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

15

7

-53.3%

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

7

18

157.1%

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

67

42

-37.3%

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

178

105

-41.0%

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

4.5

6.0

34.3%

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

10.4%

42.9%

310.2%

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

$1,399,000

$1,462,387

4.5%

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

M E D I A N

$1.035

S A L E S

$1.755

(in hundred thousands)

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$1,462,387 PROPERTIES FOR SALE

42 DAYS ON MARKET**

94 shadow inventory

13 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Rancho Palos Verdes DATA*

JAN 2012

JAN 2013

% CHANGE

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

$850,000

$970,000

14.1%

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

$427

$442

3.5%

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

15

33

120.0%

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

24

42

75.0%

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

152

92

-39.5%

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

68

92

35.3%

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

10.1

2.8

-72.5%

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

15.8%

45.7%

189.1%

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

$908,000

$948,692

4.5%

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

$970

M E D I A N

S A L E S

(in hundred thousands)

$850

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$948,962 PROPERTIES FOR SALE

92 DAYS ON MARKET**

84 shadow inventory

50 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Redondo Beach DATA*

JAN 2012

JAN 2013

% CHANGE

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

$768,512

$755,000

-1.8%

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

$426

$426

0.0%

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

15

10

-33.3%

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

21

27

28.6%

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

104

65

-37.5%

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

86

38

-55.8%

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

6.9

6.5

-6.3%

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

20.2%

41.5%

105.7%

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

$710,000

$725,567

2.2%

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

$769

M E D I A N

S A L E S

(in hundred thousands)

$755

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$725,567 PROPERTIES FOR SALE

65 DAYS ON MARKET**

64 shadow inventory

49 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Rolling Hills DATA*

JAN 2012

JAN 2013

% CHANGE

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

$7,000,000

$2,900,000

-58.6%

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

$700

$527

-24.7%

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

1

2

100.0%

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

1

0

-100.0%

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

18

16

-11.1%

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

195

0

-100.0%

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

18.0

8.0

-55.6%

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

5.6%

0.0%

-100.0%

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

$2,760,000

$3,004,500

8.9%

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

M E D I A N

$2.900

S A L E S

$7.000

(in hundred thousands)

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$3,004,500 PROPERTIES FOR SALE

16 DAYS ON MARKET**

85 shadow inventory

11 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Rolling Hills Estates DATA*

JAN 2012

JAN 2013

% CHANGE

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

$1,090,000

$1,298,000

19.1%

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

$365

$500

37.0%

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

2

4

100.0%

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

6

5

-16.7%

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

32

17

-46.9%

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

124

52

-58.1%

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

16.0

4.3

-73.4%

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

18.8%

29.4%

56.9%

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

$1,212,000

$1,162,158

-4.1%

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

M E D I A N

$1.090

S A L E S

$1.298

(in hundred thousands)

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$1,162,158 PROPERTIES FOR SALE

17 DAYS ON MARKET**

74 shadow inventory

4 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


San Pedro DATA*

JAN 2012

JAN 2013

% CHANGE

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

$295,000

$526,500

78.5%

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

$266

$297

11.7%

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

17

24

41.2%

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

17

35

105.9%

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

148

88

-40.5%

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

109

69

-36.7%

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

8.7

3.7

-57.9%

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

11.5%

39.8%

246.3%

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

$415,000

$427,442

3.0%

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

S A L E S

(in hundred thousands)

$527

P R I C E

yearly trend

M E D I A N

$295

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$427,442 PROPERTIES FOR SALE

88 DAYS ON MARKET**

86 shadow inventory

90 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


Torrance DATA*

JAN 2012

JAN 2013

% CHANGE

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

$520,000

$595,000

14.4%

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

$332

$354

6.6%

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

37

27

-27.0%

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

33

44

33.3%

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

165

73

-55.8%

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

82

60

-26.8%

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

4.5

2.7

-39.4%

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

20.0%

60.3%

201.4%

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

$530,000

$549,962

3.8%

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

$595

M E D I A N

S A L E S

(in hundred thousands)

$520

P R I C E

yearly trend

JAN

FEB

MAR

APR

Micro Market Report : January 2013

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN


telesintelligence.com

the numbers median sales price**

$549,962 PROPERTIES FOR SALE

73 DAYS ON MARKET**

61 shadow inventory

143 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

January 2013 : Micro Market Report


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References

CONTACTS:

Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com

location:

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

Phone:

424.203.1800 email:

info@telesintelligence.com


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


South Bay Micro Market Report: January 2013  

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