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Teles intelligence

micro market report los angeles JUNE 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.


los angeles

orange

san gab

Los Angeles Macro Market

Brentwood

Los Feliz

Bel Air - Holmby Hills

Cheviot Hills - Rancho Park

Malibu

Beverly Center - Miracle Mile

Culver City

Malibu Beach

Beverly Hills

Hancock Park - Wilshire

Marina del Rey

Beverly Hills P.O.

Hollywood

Mid Los Angeles

Beverlywood

Hollywood Hills East

Mid Wilshire

Micro Market Report : June 2012


telesintelligence.com

e county

san fernando

briel

south bay Pacific Palisades

Venice

Palms - Mar Vista

West Hollywood

Playa del Rey

West Los Angeles

Playa Vista

Westchester

Santa Monica

Westwood - Century City

Sunset Strip - Hollywood Hills West

June 2012 : Micro Market Report


Los Angeles Macro Market DATA *

JUN 2011

JUN 2012

% CHANGE

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

$1,162,004

$1,375,187

18.3%

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

$604

$582

-3.7%

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

364

388

6.6%

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

372

488

31.2%

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

3380

2479

-26.7%

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

80

50

-38.2%

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

9.3

6.4

-31.2%

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

11.0%

19.7%

78.9%

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

$1,286,500

$1,333,140

3.5%

*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.

S A L E S

(in hundred thousands)

$1.375

P R I C E

yearly trend

M E D I A N

$1.162

JUN

JUL

AUG

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telesintelligence.com


Bel Air - Holmby Hil s DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,700,000

$3,255,000

91.5%

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

$650

$834

28.3%

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

18

16

-11.1%

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

13

16

23.1%

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

172

133

-22.7%

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

92

41

-55.4%

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

9.6

8.3

-13.0%

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

7.6%

12.0%

59.2%

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

$1,632,000

$1,868,591

12.7%

*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)

$3.255

P R I C E

yearly trend

M E D I A N

$1.700

JUN

JUL

AUG

SEP

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telesintelligence.com

the numbers median sales price**

$1,753,057

PROPERTIES FOR SALE

133

DAYS ON MARKET**

86

shadow inventory

36

(90077 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Beverly Center - Miracle Mile DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,097,000

$827,500

-24.6%

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

$515

$496

-3.7%

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

19

12

-36.8%

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

19

16

-15.8%

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

120

76

-36.7%

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

45

32

-28.9%

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

6.3

6.3

0.3%

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

15.8%

21.1%

33.0%

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

$925,000

$911,269

-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

$828

S A L E S

$1.097

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

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telesintelligence.com

the numbers median sales price**

$911,269

PROPERTIES FOR SALE

76

DAYS ON MARKET**

43

SHADOW INVENTORY

22

(90048 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Beverly Hil s DATA

JUN 2011

JUN 2012

% CHANGE

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

$2,480,000

$3,650,000

47.2%

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

$1,357

$910

-32.9%

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

13

17

30.8%

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

15

13

-13.3%

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

167

142

-15.0%

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

95

65

-31.6%

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

12.8

8.4

-35.0%

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

9.0%

9.2%

1.9%

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

$2,822,000

$3,611,346

21.9%

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

$2.480

JUN

S A L E S M E D I A N

$3.650

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

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telesintelligence.com

the numbers median sales price**

$3,611,346

PROPERTIES FOR SALE

142

DAYS ON MARKET**

93

SHADOW INVENTORY

84

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Beverly Hil s P.O. DATA

JUN 2011

JUN 2012

% CHANGE

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

$2,285,000

$1,802,500

-21.1%

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

$626

$643

2.7%

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

13

12

-7.7%

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

15

18

20.0%

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

185

137

-25.9%

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

128

68

-46.9%

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

14.2

11.4

-19.8%

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

8.1%

13.1%

62.0%

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

$1,933,000

$2,026,442

4.6%

*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

$1.803

S A L E S

$2.285

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

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telesintelligence.com

the numbers median sales price**

$2,026,442

PROPERTIES FOR SALE

137

DAYS ON MARKET**

92

Shadow inventory

66

(90210 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Beverlywood DATA

JUN 2011

JUN 2012

% CHANGE

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

$805,000

$730,000

-9.3%

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

$470

$480

2.1%

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

13

8

-38.5%

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

15

20

33.3%

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

93

63

-32.3%

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

35

37

5.7%

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

7.2

7.9

10.1%

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

16.1%

31.7%

96.8%

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

$774,000

$762,990

-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.

M E D I A N

$730

S A L E S

$805

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

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telesintelligence.com

the numbers median sales price**

$762,990

PROPERTIES FOR SALE

63

DAYS ON MARKET**

48

Shadow inventory

37

(90035 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Brentwood DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,900,000

$1,650,000

-13.2%

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

$774

$631

-18.5%

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

27

27

0.0%

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

17

32

88.2%

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

171

141

-17.5%

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

100

68

-32.0%

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

6.3

5.2

-17.5%

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

9.9%

22.7%

128.3%

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

$1,845,000

$1,830,885

-0.8%

*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

$1.650

S A L E S

$1.900

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

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telesintelligence.com

the numbers median sales price**

$1,830,885

PROPERTIES FOR SALE

141

DAYS ON MARKET**

73

Shadow Inventory

52 (90049 Zip Code) **12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Cheviot Hil s - Rancho Park DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,125,000

$1,430,000

27.1%

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

$625

$544

-13.0%

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

3

8

166.7%

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

6

7

16.7%

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

49

28

-42.9%

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

110

41

-62.7%

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

16.3

3.5

-78.6%

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

12.2%

25.0%

104.2%

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

$1,196,000

$1,256,412

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.

S A L E S

(in hundred thousands)

$1.430

P R I C E

yearly trend

M E D I A N

$1.125

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

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telesintelligence.com

the numbers median sales price**

$1,256,412

PROPERTIES FOR SALE

28

DAYS ON MARKET**

58

SHADOW INVENTORY

52

(90064 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Culver City DATA

JUN 2011

JUN 2012

% CHANGE

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

$548,750

$680,000

23.9%

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

$434

$451

3.9%

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

6

16

166.7%

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

8

18

125.0%

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

79

57

-27.8%

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

31

33

6.5%

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

13.2

3.6

-72.9%

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

10.1%

31.6%

211.8%

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

$671,000

$613,990

-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.

M E D I A N

$549

S A L E S

$680

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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telesintelligence.com

the numbers median sales price**

$613,990

PROPERTIES FOR SALE

57

DAYS ON MARKET**

47

SHADOW INVENTORY

51

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Hancock Park - Wilshire DATA

JUN 2011

JUN 2012

% CHANGE

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

$950,000

$927,000

-2.4%

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

$506

$418

-17.4%

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

17

15

-11.8%

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

18

15

-16.7%

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

163

95

-41.7%

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

55

53

-3.6%

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

9.6

6.3

-33.9%

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

11.0%

15.8%

43.0%

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

$1,012,000

$932,654

-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

$927

S A L E S

$950

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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telesintelligence.com

the numbers median sales price**

$932,654

PROPERTIES FOR SALE

95

DAYS ON MARKET**

59

shadow inventory

57

(90004, 90020 Zip Codes)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Hollywood DATA

JUN 2011

JUN 2012

% CHANGE

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

$340,000

$314,500

-7.5%

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

$267

$339

27.0%

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

5

6

20.0%

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

3

5

66.7%

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

33

17

-48.5%

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

48

13

-72.9%

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

6.6

2.8

-57.1%

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

9.1%

29.4%

223.5%

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

$475,000

$463,423

-2.5%

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

$340

JUN

$315

JUL

AUG

SEP

Micro Market Report : June 2012

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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**

$463,423

PROPERTIES FOR SALE

17

DAYS ON MARKET**

43

shadow inventory

108

(90028, 90038, 90068 Zip Codes)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Hollywood Hil s East DATA

JUN 2011

JUN 2012

% CHANGE

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

$793,500

$900,000

13.4%

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

$397

$524

32.0%

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

17

9

-47.1%

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

8

14

75.0%

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

99

68

-31.3%

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

72

32

-55.6%

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

12.4

7.6

-38.9%

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

8.1%

20.6%

154.8%

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

$872,000

$895,077

2.6%

*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

$900

$794

(in hundred thousands)

P R I C E

yearly trend

JUN

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AUG

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telesintelligence.com

the numbers median sales price**

$895,077

PROPERTIES FOR SALE

68

DAYS ON MARKET**

59

shadow inventory

41

(90029 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Los Feliz DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,040,000

$882,500

-15.1%

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

$499

$487

-2.4%

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

10

16

60.0%

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

16

17

6.3%

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

122

77

-36.9%

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

45

45

0.0%

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

7.6

4.8

-36.9%

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

13.1%

22.1%

68.3%

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

$959,000

$951,556

-0.8%

*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

$883

S A L E S

$1.040

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

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Micro Market Report : June 2012

OCT

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telesintelligence.com

the numbers median sales price**

$951,556

PROPERTIES FOR SALE

77

DAYS ON MARKET**

51

shadow inventory

41

(90027 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Malibu DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,625,000

$1,620,000

-0.3%

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

$766

$678

-11.5%

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

15

16

6.7%

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

14

17

21.4%

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

312

222

-28.8%

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

148

148

0.0%

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

20.8

13.9

-33.3%

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

4.5%

7.7%

70.7%

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

$2,012,000

$1,718,155

-17.1%

*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

$1.620

S A L E S

$1.625

(in hundred thousands)

P R I C E

yearly trend

JUN

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Micro Market Report : June 2012

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telesintelligence.com

the numbers median sales price**

$1,718,155

PROPERTIES FOR SALE

222

DAYS ON MARKET**

140

SHADOW INVENTORY

73

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Malibu Beach DATA

JUN 2011

JUN 2012

% CHANGE

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

$2,950,000

$5,534,375

87.6%

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

$1,672

$1,764

5.5%

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

4

6

50.0%

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

2

3

50.0%

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

118

100

-15.3%

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

398

26

-93.5%

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

29.5

16.7

-43.5%

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

1.7%

3.0%

77.0%

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

$4,865,000

$5,793,031

16.0%

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

JUN

M E D I A N

$2.950

S A L E S

$5.534

(in hundred thousands)

P R I C E

yearly trend

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

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APR

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JUN


telesintelligence.com

the numbers median sales price**

$5,347,413

PROPERTIES FOR SALE

100

DAYS ON MARKET**

190

SHADOW INVENTORY

11

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Marina del Rey DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,277,000

$518,800

-59.4%

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

$502

$536

6.8%

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

2

1

-50.0%

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

2

10

400.0%

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

42

30

-28.6%

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

83

61

-26.5%

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

21.0

30.0

42.9%

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

4.8%

33.3%

600.0%

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

$1,382,000

$1,188,505

-16.3%

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

$519

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

M E D I A N

S A L E S

$1.277

(in hundred thousands)

P R I C E

yearly trend


telesintelligence.com

the numbers median sales price**

$1,005,658

PROPERTIES FOR SALE

30

DAYS ON MARKET**

70

SHADOW INVENTORY

8

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Mid Los Angeles DATA

JUN 2011

JUN 2012

% CHANGE

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

$375,000

$316,500

-15.6%

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

$193

$209

8.3%

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

15

23

53.3%

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

21

28

33.3%

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

136

72

-47.1%

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

52

49

-5.8%

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

9.1

3.1

-65.5%

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

15.4%

38.9%

151.9%

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

$308,000

$297,846

-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.

M E D I A N

$317

S A L E S

$375

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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DEC

JAN

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MAR

APR

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JUN


telesintelligence.com

the numbers median sales price**

$297,846

PROPERTIES FOR SALE

72

DAYS ON MARKET**

57

shadow inventory

134 (90019 Zip Code) **12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Mid Wilshire DATA

JUN 2011

JUN 2012

% CHANGE

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

$435,000

$393,750

-9.5%

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

$322

$247

-23.3%

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

1

6

500.0%

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

9

3

-66.7%

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

36

14

-61.1%

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

51

25

-51.0%

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

36.0

2.3

-93.5%

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

25.0%

21.4%

-14.3%

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

$445,000

$398,834

-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.

$435

M E D I A N

S A L E S

(in hundred thousands)

$394

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$374,116

PROPERTIES FOR SALE

14

DAYS ON MARKET**

22

shadow inventory

35

(90036 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Pacific Palisades DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,679,375

$1,635,000

-2.6%

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

$658

$701

6.5%

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

34

25

-26.5%

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

23

42

82.6%

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

208

183

-12.0%

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

36

40

11.1%

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

6.1

7.3

19.7%

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

11.1%

23.0%

107.6%

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

$1,798,000

$1,776,797

-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.

M E D I A N

$1.635

S A L E S

$1.679

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$1,776,797

PROPERTIES FOR SALE

183

DAYS ON MARKET**

61

SHADOW INVENTORY

38

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Palms - Mar Vista DATA

JUN 2011

JUN 2012

% CHANGE

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

$701,000

$805,000

14.8%

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

$503

$508

1.0%

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

15

37

146.7%

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

23

31

34.8%

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

133

78

-41.4%

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

41

32

-22.0%

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

8.9

2.1

-76.2%

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

17.3%

39.7%

129.8%

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

$743,000

$739,115

-0.5%

*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)

$805

P R I C E

yearly trend

M E D I A N

$701

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$739,115

PROPERTIES FOR SALE

78

DAYS ON MARKET**

50

shadow inventory

100

(90066, 90034 Zip Codes)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Playa del Rey DATA

JUN 2011

JUN 2012

% CHANGE

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

$837,000

$868,000

3.7%

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

$302

$491

62.6%

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

3

5

66.7%

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

4

3

-25.0%

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

32

18

-43.8%

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

78

32

-59.0%

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

10.7

3.6

-66.3%

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

12.5%

16.7%

33.3%

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

$1,033,000

$885,688

-16.6%

*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

$868

$837

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$817,558

PROPERTIES FOR SALE

18

DAYS ON MARKET**

54

SHADOW INVENTORY

14

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Playa Vista DATA

JUN 2011

JUN 2012

% CHANGE

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

$0

$1,385,000

N/A

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

$0

$401

N/A

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

0

1

N/A

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

1

3

200.0%

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

5

6

20.0%

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

48

75

56.3%

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

N/A

6.0

N/A

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

20.0%

50.0%

150.0%

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

$1,023,000

$970,679

-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.

M E D I A N

S A L E S

(in hundred thousands)

$1.385

P R I C E

yearly trend

$0 JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$522,673

PROPERTIES FOR SALE

6

DAYS ON MARKET**

25

shadow inventory

1

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Santa Monica DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,747,050

$1,825,000

4.5%

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

$1,014

$768

-24.3%

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

13

21

61.5%

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

17

19

11.8%

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

147

114

-22.4%

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

78

30

-61.5%

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

11.3

5.4

-52.0%

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

11.6%

16.7%

44.1%

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

$1,604,000

$1,729,739

7.3%

*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

$1.825

$1.747

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$1,729,739

PROPERTIES FOR SALE

114

DAYS ON MARKET**

57

SHADOW INVENTORY

37

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Sunset Strip - Hollywood Hil s West DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,024,500

$1,690,000

65.0%

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

$537

$577

7.4%

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

36

34

-5.6%

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

32

42

31.3%

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

319

289

-9.4%

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

75

56

-25.3%

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

8.9

8.5

-4.1%

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

10.0%

14.5%

44.9%

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

$1,281,000

$1,271,131

-0.8%

*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)

$1.690

P R I C E

yearly trend

M E D I A N

$1.025

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$1,271,131

PROPERTIES FOR SALE

289

DAYS ON MARKET**

70

shadow inventory

97

(90028, 90068 Zip Codes)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Venice DATA

JUN 2011

JUN 2012

% CHANGE

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

$979,000

$1,317,500

34.6%

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

$718

$651

-9.3%

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

16

16

0.0%

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

17

28

64.7%

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

132

91

-31.1%

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

75

59

-21.3%

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

8.3

5.7

-31.1%

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

12.9%

30.8%

138.9%

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

$918,000

$1,036,431

12.9%

*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)

$1.318

P R I C E

yearly trend

M E D I A N

$979

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$1,036,431

PROPERTIES FOR SALE

91

DAYS ON MARKET**

61

SHADOW INVENTORY

39

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


West Hollywood DATA

JUN 2011

JUN 2012

% CHANGE

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

$825,000

$1,117,310

35.4%

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

$552

$660

19.6%

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

10

6

-40.0%

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

6

12

100.0%

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

73

54

-26.0%

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

112

45

-59.8%

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

7.3

9.0

23.3%

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

8.2%

22.2%

170.4%

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

$843,000

$924,082

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.

S A L E S

(in hundred thousands)

$1.117

P R I C E

yearly trend

M E D I A N

$825

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$924,082

PROPERTIES FOR SALE

54

DAYS ON MARKET**

66

SHADOW INVENTORY

16

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


West Los Angeles DATA

JUN 2011

JUN 2012

% CHANGE

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

$605,000

$530,000

-12.4%

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

$409

$498

21.8%

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

5

7

40.0%

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

10

10

0.0%

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

46

29

-37.0%

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

49

48

-2.0%

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

9.2

4.1

-55.0%

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

21.7%

34.5%

58.6%

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

$661,000

$604,338

-8.6%

*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

$530

S A L E S

$605

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$604,338

PROPERTIES FOR SALE

29

DAYS ON MARKET**

46

Shaodw inventory

23

(90025 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Westchester DATA

JUN 2011

JUN 2012

% CHANGE

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

$630,000

$675,000

7.1%

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

$395

$402

1.8%

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

20

21

5.0%

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

20

29

45.0%

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

90

67

-25.6%

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

37

26

-29.7%

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

4.5

3.2

-29.1%

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

22.2%

43.3%

94.8%

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

$666,000

$622,037

-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.

$675

M E D I A N

S A L E S

(in hundred thousands)

$630

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$622,037

PROPERTIES FOR SALE

67

DAYS ON MARKET**

43

shadow inventory

96

(90045 Zip Code)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Westwood - Century City DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,157,922

$1,225,000

5.8%

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

$641

$566

-11.7%

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

14

9

-35.7%

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

18

22

22.2%

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

98

76

-22.4%

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

36

47

30.6%

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

7.0

8.4

20.6%

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

18.4%

28.9%

57.6%

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

$1,324,000

$1,246,883

-5.8%

*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

$1.225

$1.158

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN


telesintelligence.com

the numbers median sales price**

$1,246,883

PROPERTIES FOR SALE

76

DAYS ON MARKET**

42

shadow inventory

11

(90024, 90067 Zip Codes)

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.

> >

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Š 2011 Portfolio Escrow, Inc. All Rights Reserved


References

CONTACTS:

Zach Kahn Research & Data Designer, Teles Intelligence zach.kahn@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


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

Los Angeles Micro Market Report : June 2012  

The report is in response to our observation that the media’s focus, headlines, and articles revolve around housing data at a macro level an...

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