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micro market report orange county JULY 2012 | SINGLE FAMILY HOMES REPORT


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Reading the Report

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

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

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

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


MEDIAN PRICE:

DAYS OF MARKET (PENDING SALE):

A value that separates the upper half

The number of days that properties

of prices from the lower half of prices.

currently in escrow were on the market.

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

MONTH’S SUPPLY OF INVENTORY:

low) don’t hold undue influence.

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

AVERAGE PRICE PER SQUARE FOOT:

the current pace of sales and if no new

The price of each property divided by

listings entered the market.

their respective square footage then averaged across all properties sold in

PERCENT UNDER CONTRACT:

the area for a given time period.

The ratio of properties for sale to properties pending sale.

PROPERTIES SOLD:

The number of property transactions

AVERAGE MEDIAN PRICE FOR LAST 12:

that closed and transferred ownership.

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

PROPERTIES PENDING SALE:

ending in the identified month

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

SHADOW INVENTORY:

Properties in Pre-Foreclosure, Bank PROPERTIES FOR SALE:

Owned or Auction as identified by

The number of properties on the

ForeclosureRadar.com

market and seeking buyers.


orange county

san fern

south b

Orange Country Macro Market

East Bluff - Harbor View

Irvine

Balboa Peninsula

East Costa Mesa

Laguna Beach (all areas)

Corona del Mar - Spyglass

Fountain Valley

Lower Newport Bay - Balb

Crystal Cove

Huntington Beach

Newport Beach (all areas)

Micro Market Report : July 2012


telesintelligence.com

nando

san gabriel

bay

los angeles Newport Coast

West Newport - Lido

Newport Heights

Westminster

boa Island

Turtle Ridge

)

West Bay - Santa Ana Heights

July 2012 : Micro Market Report


Orange County Macro Market DATA *

JUL 2011

JUL 2012

% CHANGE

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

$1,436,101

$1,346,675

-6.2%

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

$493

$560

13.6%

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

360

525

45.8%

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

371

596

60.6%

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

3483

2523

-27.6%

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

115

83

-27.7%

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

9.7

4.8

-50.3%

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

10.7%

23.6%

121.8%

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

$1,484,647

$1,420,811

-4.3%

*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.

S A L E S M E D I A N

$1.347

(in hundred thousands)

$1.436

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

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telesintelligence.com


Balboa Peninsula DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,253,875

$1,612,500

28.6%

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

$576

$817

41.8%

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

2

14

600.0%

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

5

8

60.0%

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

60

70

16.7%

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

196

170

-13.3%

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

30.0

5.0

-83.3%

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

8.3%

11.4%

37.1%

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

$1,979,000

$2,298,677

16.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$1.613 $1.254

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

M E D I A N

S A L E S

(in hundred thousands)

P R I C E

yearly trend


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$2,298,677

PROPERTIES FOR SALE

70

DAYS ON MARKET**

134

SHADOW INVENTORY

0

(92663, 92661 ZIP CODES)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Corona del Mar - Spyglass DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,745,000

$1,795,000

2.9%

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

$635

$815

28.3%

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

14

16

14.3%

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

11

17

54.5%

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

140

101

-27.9%

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

112

114

1.8%

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

10.0

6.3

-36.9%

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

7.9%

16.8%

114.2%

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

$1,895,000

$1,769,822

-6.6%

*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

$1.795

$1.745

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

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FEB

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APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,769,822

PROPERTIES FOR SALE

101

DAYS ON MARKET**

102

SHADOW INVENTORY

25

(92625 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Crystal Cove DATA

JUL 2011

JUL 2012

% CHANGE

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

$7,075,000

$3,325,000

-53.0%

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

$1,004

$863

-14.0%

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

2

2

0.0%

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

2

5

150.0%

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

29

29

0.0%

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

98

82

-16.3%

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

14.5

14.5

0.0%

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

6.9%

17.2%

150.0%

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

$4,182,000

$4,063,688

-2.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$3.325

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

M E D I A N

S A L E S

$7.075

(in hundred thousands)

P R I C E

yearly trend


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$4,063,688

PROPERTIES FOR SALE

29

DAYS ON MARKET**

106

SHADOW INVENTORY

41

(92657 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


East Bluff - Harbor View DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,402,500

$1,360,000

-3.0%

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

$537

$516

-3.9%

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

8

33

312.5%

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

22

26

18.2%

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

168

123

-26.8%

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

108

70

-35.2%

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

21.0

3.7

-82.3%

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

13.1%

21.1%

61.4%

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

$1,394,000

$1,373,731

-1.5%

*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

$1.360

S A L E S

$1.403

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

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DEC

JAN

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MAR

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telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,373,731

PROPERTIES FOR SALE

123

DAYS ON MARKET**

94

SHADOW INVENTORY

89

(92660 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


East Costa Mesa DATA

JUL 2011

JUL 2012

% CHANGE

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

$659,000

$749,900

13.8%

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

$357

$443

24.1%

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

15

15

0.0%

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

10

21

110.0%

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

76

72

-5.3%

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

48

85

77.1%

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

5.1

4.8

-5.3%

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

13.2%

29.2%

121.7%

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

$638,000

$658,227

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.

(in hundred thousands)

$750

P R I C E

yearly trend

M E D I A N

S A L E S

$659

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$658,227

PROPERTIES FOR SALE

72

DAYS ON MARKET**

72

SHADOW INVENTORY

83

(92627 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Fountain Valley DATA

JUL 2011

JUL 2012

% CHANGE

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

$556,000

$584,000

5.0%

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

$272

$276

1.5%

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

21

28

33.3%

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

21

41

95.2%

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

165

106

-35.8%

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

110

42

-61.8%

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

7.9

3.8

-51.8%

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

12.7%

38.7%

203.9%

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

$575,000

$545,481

-5.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$584

M E D I A N

S A L E S

(in hundred thousands)

$556

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$545,481

PROPERTIES FOR SALE

106

DAYS ON MARKET**

69

SHADOW INVENTORY

129

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Huntington Beach DATA

JUL 2011

JUL 2012

% CHANGE

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

$629,950

$625,000

-0.8%

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

$348

$363

4.3%

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

82

124

51.2%

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

83

133

60.2%

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

637

439

-31.1%

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

103

58

-43.7%

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

7.8

3.5

-54.4%

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

13.0%

30.3%

132.5%

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

$616,000

$606,833

-1.5%

*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

$625

(in hundred thousands)

$630

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$606,833

PROPERTIES FOR SALE

439

DAYS ON MARKET**

81

SHADOW INVENTORY

402

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Irvine DATA

JUL 2011

JUL 2012

% CHANGE

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

$747,500

$830,000

11.0%

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

$362

$402

11.0%

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

67

85

26.9%

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

67

107

59.7%

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

567

376

-33.7%

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

81

64

-21.0%

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

8.5

4.4

-47.7%

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

11.8%

28.5%

140.8%

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

$742,000

$706,491

-4.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$830

M E D I A N

S A L E S

(in hundred thousands)

$748

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$706,491

PROPERTIES FOR SALE

376

DAYS ON MARKET**

78

SHADOW INVENTORY

294

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Laguna Beach DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,117,500

$1,500,000

34.2%

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

$667

$1,037

55.5%

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

26

35

34.6%

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

17

53

211.8%

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

375

279

-25.6%

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

122

111

-9.0%

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

14.4

8.0

-44.7%

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

4.5%

19.0%

319.0%

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

$1,250,000

$1,245,777

-0.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

S A L E S

(in hundred thousands)

$1.500

P R I C E

yearly trend

M E D I A N

$1.118

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,245,777

PROPERTIES FOR SALE

279

DAYS ON MARKET**

132

SHADOW INVENTORY

89

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Lower Newport Bay - Balboa Island DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,625,000

$2,376,000

46.2%

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

$784

$923

17.7%

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

5

11

120.0%

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

3

7

133.3%

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

67

55

-17.9%

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

167

98

-41.3%

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

13.4

5.0

-62.7%

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

4.5%

12.7%

184.2%

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

$2,213,000

$1,973,286

-10.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

S A L E S

(in hundred thousands)

$2.376

P R I C E

yearly trend

M E D I A N

$1.625

JUL

AUG

SEP

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Micro Market Report : July 2012

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DEC

JAN

FEB

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APR

MAY

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JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,973,286

PROPERTIES FOR SALE

55

DAYS ON MARKET**

118

SHADOW INVENTORY

47

(92660, 92662, 92663 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Newport Beach DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,348,000

$1,467,500

8.9%

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

$498

$603

21.1%

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

39

80

105.1%

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

48

68

41.7%

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

515

414

-19.6%

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

130

86

-33.8%

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

13.2

5.2

-60.8%

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

9.3%

16.4%

76.2%

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

$1,398,000

$1,335,356

-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.

$1.468

M E D I A N

S A L E S

(in hundred thousands)

$1.348

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

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JUN

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telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,335,356

PROPERTIES FOR SALE

414

DAYS ON MARKET**

110

SHADOW INVENTORY

152

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Newport Coast DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,720,000

$1,580,000

-8.1%

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

$684

$666

-2.6%

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

13

13

0.0%

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

17

30

76.5%

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

168

127

-24.4%

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

136

126

-7.4%

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

12.9

9.8

-24.4%

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

10.1%

23.6%

133.4%

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

$2,068,000

$1,693,038

-18.1%

*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

$1.580

S A L E S

$1.720

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

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telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,693,038

PROPERTIES FOR SALE

127

DAYS ON MARKET**

92

SHADOW INVENTORY

31

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Newport Heights DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,365,000

$1,475,000

8.1%

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

$491

$490

-0.2%

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

6

7

16.7%

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

7

5

-28.6%

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

36

30

-16.7%

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

143

59

-58.7%

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

6

4.3

-28.6%

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

19.4%

16.7%

-14.3%

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

$1,307,000

$1,162,677

-11.0%

*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

(in hundred thousands)

$1.475

$1.365

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,162,677

PROPERTIES FOR SALE

30

DAYS ON MARKET**

82

SHADOW INVENTORY

44

(92663 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Turtle Ridge DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,987,500

$1,794,000

-9.7%

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

$507

$553

9.1%

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

4

8

100.0%

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

1

5

400.0%

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

31

29

-6.5%

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

177

134

-24.3%

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

7.8

3.6

-53.2%

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

3.2%

17.2%

434.5%

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

$1,751,000

$1,899,077

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

$1.794

S A L E S

$1.988

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,899,077

PROPERTIES FOR SALE

29

DAYS ON MARKET**

123

SHADOW INVENTORY

57

(92603 ZIP CODES)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


West Bay - Santa Ana Heights DATA

JUL 2011

JUL 2012

% CHANGE

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

$1,350,000

$1,366,250

1.2%

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

$453

$430

-5.1%

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

13

8

-38.5%

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

6

11

83.3%

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

88

66

-25.0%

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

109

58

-46.8%

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

6.8

8.3

21.9%

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

6.8%

16.7%

144.4%

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

$1,095,000

$1,154,030

5.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$1.366

M E D I A N

S A L E S

(in hundred thousands)

$1.350

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,154,030

PROPERTIES FOR SALE

66

DAYS ON MARKET**

101

SHADOW INVENTORY

91

(92660 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


West Newport - Lido DATA

JUL 2011

JUL 2012

% CHANGE

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

$840,000

$1,400,000

66.7%

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

$448

$614

37.1%

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

5

7

40.0%

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

5

11

120.0%

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

95

70

-26.3%

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

144

94

-34.7%

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

19.0

10.0

-47.4%

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

5.3%

15.7%

198.6%

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

$1,717,000

$1,274,019

-25.8%

*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

$840

S A L E S

$1.400

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$1,274,019

PROPERTIES FOR SALE

70

DAYS ON MARKET**

147

SHADOW INVENTORY

44

(92663 ZIP CODE)

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Westminster DATA *

JUL 2011

JUL 2012

% CHANGE

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

$428,000

$400,000

-6.5%

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

$253

$274

8.3%

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

38

39

2.6%

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

46

48

4.3%

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

266

137

-48.5%

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

88

48

-45.5%

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

7.0

3.5

-49.8%

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

17.3%

35.0%

102.6%

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

$419,000

$393,577

-6.1%

*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

$400

(in hundred thousands)

$428

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$393,577

PROPERTIES FOR SALE

137

DAYS ON MARKET**

71

SHADOW INVENTORY

185

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


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

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

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References

CONTACTS:

Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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


TELES intelligence JULY 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.


Orange County Micro Market Report: July 2012