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micro market report south bay July 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 : July 2013


telesintelligence.com

geles

orange county

nando

san gabriel Rolling Hills Estates

Torrance

San Pedro

July 2013 : Micro Market Report


South Bay Macro Market DATA*

Jul 2012

Jul 2013

% CHANGE

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

$1,211,611

$1,281,944

5.8%

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

$444

$490

10.2%

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

195

252

29.2%

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

198

226

14.1%

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

775

718

-7.4%

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

73

35

-51.8%

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

4

2.8

-28.3%

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

25.5%

31.5%

23.2%

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

$1,181,500

$1,260,373

6.7%

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

$1.281

M E D I A N

S A L E S

(in hundred thousands)

$1.211

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


Manhattan Beach DATA*

Jul 2012

Jul 2013

% CHANGE

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

$1,570,000

$1,575,000

0.3%

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

$711

$825

16.0%

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

28

35

25.0%

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

37

28

-24.3%

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

103

93

-9.7%

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

51

35

-31.4%

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

3.7

2.7

-27.8%

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

35.9%

30.1%

-16.2%

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

$1,483,000

$1,588,100

7.1%

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

M E D I A N

S A L E S

(in hundred thousands)

$1.575

$1.570

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$1,588,100

PROPERTIES FOR SALE

93

DAYS ON MARKET**

51

shadow inventory

8

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Palos Verdes Estates DATA*

Jul 2012

Jul 2013

% CHANGE

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

$1,837,500

$1,335,000

-27.3%

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

$569

$642

12.8%

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

10

24

140.0%

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

14

16

14.3%

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

68

69

1.5%

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

102

64

-37.3%

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

6.8

2.9

-57.7%

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

20.6%

23.2%

12.6%

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

$1,397,000

$1,592,464

14.0%

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

M E D I A N

$1.335

S A L E S

$1.837

(in hundred thousands)

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$1,592,464

PROPERTIES FOR SALE

69

DAYS ON MARKET**

73

shadow inventory

14

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Rancho Palos Verdes DATA*

Jul 2012

Jul 2013

% CHANGE

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

$882,500

$1,200,000

36.0%

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

$418

$440

5.3%

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

28

37

32.1%

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

35

43

22.9%

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

170

135

-20.6%

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

99

35

-64.6%

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

6.1

3.6

-39.9%

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

20.6%

31.9%

54.7%

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

$921,000

$1,016,976

10.4%

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

(in hundred thousands)

$1.200

P R I C E

yearly trend

M E D I A N

S A L E S

$882

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$1,016,976

PROPERTIES FOR SALE

135

DAYS ON MARKET**

68

shadow inventory

37

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Redondo Beach DATA*

Jul 2012

Jul 2013

% CHANGE

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

$810,000

$882,000

8.9%

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

$431

$535

24.1%

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

35

38

8.6%

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

26

30

15.4%

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

92

100

8.7%

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

65

27

-58.5%

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

2.6

2.6

0.1%

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

28.3%

30.0%

6.2%

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

$701,000

$803,608

14.6%

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

$882

M E D I A N

S A L E S

(in hundred thousands)

$810

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$803,608

PROPERTIES FOR SALE

100

DAYS ON MARKET**

41

shadow inventory

31

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Rolling Hills DATA*

Jul 2012

Jul 2013

% CHANGE

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

$3,850,000

$4,087,500

6.2%

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

$829

$742

-10.5%

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

3

2

-33.3%

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

3

1

-66.7%

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

23

17

-26.1%

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

145

11

-92.4%

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

7.7

8.5

10.9%

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

13.0%

5.9%

-54.9%

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

$2,913,000

$2,738,450

-6.0%

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

$4.087

M E D I A N

S A L E S

(in hundred thousands)

$3.850

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$2,738,450

PROPERTIES FOR SALE

17

DAYS ON MARKET**

64

shadow inventory

5

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Rolling Hills Estates DATA*

Jul 2012

Jul 2013

% CHANGE

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

$979,500

$1,290,000

31.7%

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

$398

$488

22.6%

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

4

8

100.0%

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

4

13

225.0%

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

30

30

0.0%

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

78

72

-7.7%

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

7.5

3.8

-50.0%

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

13.3%

43.3%

225.0%

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

$1,111,000

$1,292,250

16.3%

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

S A L E S

(in hundred thousands)

$1.290

P R I C E

yearly trend

M E D I A N

$979

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$1,292,250

PROPERTIES FOR SALE

30

DAYS ON MARKET**

60

shadow inventory

4

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


San Pedro DATA*

Jul 2012

Jul 2013

% CHANGE

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

$417,000

$509,000

22.1%

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

$301

$337

12.0%

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

30

43

43.3%

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

41

33

-19.5%

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

158

129

-18.4%

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

63

48

-23.8%

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

5.3

3

-43.0%

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

25.9%

25.6%

-1.4%

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

$393,000

$465,251

18.4%

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

$509

M E D I A N

S A L E S

(in hundred thousands)

$417

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$465,251

PROPERTIES FOR SALE

129

DAYS ON MARKET**

65

shadow inventory

65

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


Torrance DATA*

Jul 2012

Jul 2013

% CHANGE

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

$558,000

$659,000

18.1%

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

$343

$398

16.0%

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

57

65

14.0%

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

38

62

63.2%

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

131

145

10.7%

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

51

23

-54.9%

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

2.3

2.2

-2.9%

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

29.0%

42.8%

47.4%

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

$533,000

$585,885

9.9%

*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.

$659

M E D I A N

S A L E S

(in hundred thousands)

$558

P R I C E

yearly trend

Jul

Aug

Sep

Oct

Micro Market Report : July 2013

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul


telesintelligence.com

the numbers median sales price**

$585,885

PROPERTIES FOR SALE

145

DAYS ON MARKET**

42

shadow inventory

87

**12 month average

active listings

s h ado w i n v e n t o r y

Teles intelligence where data meets reason

July 2013 : Micro Market Report


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References

CONTACTS:

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

location:

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

Phone:

424.203.1800 email:

info@telesintelligence.com


Teles intelligence July 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: July 2013