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Teles intelligence

micro market report south bay June 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 : June 2013


telesintelligence.com

geles

orange county

nando

san gabriel Rolling Hills Estates

Torrance

San Pedro

June 2013 : Micro Market Report


South Bay Macro Market DATA*

Jun 2012

Jun 2013

% CHANGE

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

$968,667

$1,149,132

18.6%

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

$401

$465

15.9%

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

209.0

221.0

5.7%

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

210.0

234.0

11.4%

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

824

675

-18.1%

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

49

26

-47.3%

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

3.9

3.1

-22.5%

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

25.5%

34.7%

36.0%

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

$1,152,625

$1,225,798

6.3%

*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.

$1.149

M E D I A N

S A L E S

(in hundred thousands)

$968

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


Manhattan Beach DATA*

Jun 2012

Jun 2013

% CHANGE

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

$1,737,000

$1,689,500

-2.7%

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

$654

$676

3.4%

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

38.0

30.0

-21.1%

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

31.0

32.0

3.2%

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

114

93

-18.4%

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

49

36

-26.5%

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

3

3.1

3.3%

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

27.2%

34.4%

26.5%

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

$1,484,000

$1,600,562

7.9%

*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.

$1.690

M E D I A N

S A L E S

(in hundred thousands)

$1.737

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$1,600,562

PROPERTIES FOR SALE

93

DAYS ON MARKET**

52

shadow inventory

7

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


Palos Verdes Estates DATA*

Jun 2012

Jun 2013

% CHANGE

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

$1,414,000

$1,570,000

11.0%

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

$531

$548

3.2%

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

24.0

14.0

-41.7%

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

12.0

21.0

75.0%

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

65

77

18.5%

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

81

42

-48.1%

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

2.7

5.5

103.1%

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

18.5%

27.3%

47.7%

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

$1,367,000

$1,598,541

16.9%

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

M E D I A N

S A L E S

(in hundred thousands)

$1.570

$1.414

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$1,598,541

PROPERTIES FOR SALE

77

DAYS ON MARKET**

74

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

June 2013 : Micro Market Report


Rancho Palos Verdes DATA*

Jun 2012

Jun 2013

% CHANGE

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

$1,050,000

$1,193,188

13.6%

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

$413

$477

15.5%

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

29.0

40.0

37.9%

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

34.0

43.0

26.5%

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

179

125

-30.2%

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

86

38

-55.8%

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

6.2

3.1

-49.4%

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

19.0%

34.4%

81.1%

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

$921,000

$1,005,438

9.2%

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

$1.193

M E D I A N

S A L E S

(in hundred thousands)

$1.050

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$1,005,438

PROPERTIES FOR SALE

125

DAYS ON MARKET**

72

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

June 2013 : Micro Market Report


Redondo Beach DATA*

Jun 2012

Jun 2013

% CHANGE

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

$745,500

$860,000

15.4%

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

$414

$534

29.0%

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

26.0

45.0

73.1%

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

38.0

31.0

-18.4%

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

106

84

-20.8%

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

75

32

-57.3%

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

4.1

1.9

-54.2%

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

35.8%

36.9%

2.9%

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

$700,000

$793,108

13.3%

*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.

$860

M E D I A N

S A L E S

(in hundred thousands)

$745

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$793,108

PROPERTIES FOR SALE

84

DAYS ON MARKET**

45

shadow inventory

34

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


Rolling Hills DATA*

Jun 2012

Jun 2013

% CHANGE

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

$1,500,000

$2,750,000

83.3%

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

$516

$734

42.2%

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

1.0

5.0

400.0%

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

0.0

1.0

NaN%

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

0

NaN

%

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

0

8

NaN%

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

21

3

-85.7%

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

NaN%

NaN%

%

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

$2,724,000

$2,479,700

-9.0%

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

S A L E S

(in hundred thousands)

$2.750

P R I C E

yearly trend

M E D I A N

$1.500

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$2,479,700

PROPERTIES FOR SALE

15

DAYS ON MARKET**

63

shadow inventory

6

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


Rolling Hills Estates DATA*

Jun 2012

Jun 2013

% CHANGE

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

$1,240,000

$1,150,000

-7.3%

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

$471

$477

1.3%

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

17.0

6.0

-64.7%

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

9.0

7.0

-22.2%

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

31

29

-6.5%

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

29

26

-10.3%

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

1.8

4.8

165.1%

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

29.0%

24.1%

-16.9%

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

$1,098,000

$1,288,404

17.3%

*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.

M E D I A N

S A L E S

$1.150

(in hundred thousands)

$1.240

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$1,288,404

PROPERTIES FOR SALE

29

DAYS ON MARKET**

57

shadow inventory

3

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


San Pedro DATA*

Jun 2012

Jun 2013

% CHANGE

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

$442,500

$509,500

15.1%

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

$279

$329

17.9%

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

24.0

38.0

58.3%

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

35.0

43.0

22.9%

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

156

119

-23.7%

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

54

27

-50.0%

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

6.5

3.1

-51.8%

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

22.4%

36.1%

61.1%

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

$395,000

$460,136

16.5%

*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.

$509

M E D I A N

S A L E S

(in hundred thousands)

$442

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$460,136

PROPERTIES FOR SALE

119

DAYS ON MARKET**

66

shadow inventory

66

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


Torrance DATA*

Jun 2012

Jun 2013

% CHANGE

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

$589,000

$620,000

5.3%

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

$329

$407

23.7%

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

50.0

43.0

-14.0%

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

51.0

56.0

9.8%

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

152

133

-12.5%

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

64

22

-65.6%

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

3

3.1

1.7%

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

33.6%

42.1%

25.5%

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

$532,000

$580,500

9.1%

*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.

$620

M E D I A N

S A L E S

(in hundred thousands)

$589

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$580,500

PROPERTIES FOR SALE

133

DAYS ON MARKET**

45

shadow inventory

90

**12 month average

active listings

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

Teles intelligence where data meets reason

June 2013 : Micro Market Report


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References

CONTACTS:

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

location:

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

Phone:

424.203.1800 email:

info@telesintelligence.com


Teles intelligence June 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: June 2013  
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