Page 1

Teles intelligence

micro market report orange county OCTOBER 2012 | SINGLE FAMILY HOMES 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.

> >

424.203.1841 p o r t f o l i o e s c r o w. c o m

Š 2011 Portfolio Escrow, Inc. All Rights Reserved


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 : October 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

October 2012 : Micro Market Report


Orange County Macro Market DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,264,012

$1,403,083

11.0%

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

$508

$625

22.8%

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

332

479

44.3%

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

322

525

63.0%

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

3184

1913

-39.9%

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

115

77

-33.6%

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

9.6

4.0

-58.4%

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

10.1%

27.4%

171.4%

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

$1,469,588

$1,441,832

-1.9%

*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)

$1.403

$1.264

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com


Balboa Peninsula DATA*

OCT 2011

OCT 2012

% CHANGE

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

$0

$1,775,000

N/A

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

$0

$944

N/A

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

0

9

N/A

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

1

6

500.0%

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

64

58

-9.4%

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

143

159

11.2%

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

N/A

6.4

N/A

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

1.6%

10.3%

562.1%

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

$2,156,000

$2,165,490

0.4%

*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.

$0 OCT

S A L E S M E D I A N

$1.775

(in hundred thousands)

P R I C E

yearly trend

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$2,165,490 PROPERTIES FOR SALE

58 DAYS ON MARKET**

150 shadow inventory

11

(92663, 92661 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Corona del Mar - Spyglass DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,580,000

$1,535,000

-2.8%

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

$664

$802

20.8%

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

9

13

44.4%

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

11

9

-18.2%

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

132

73

-44.7%

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

175

94

-46.3%

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

14.7

5.6

-61.7%

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

8.3%

12.3%

47.9%

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

$1,810,000

$1,769,592

-2.2%

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

M E D I A N

$1.535

S A L E S

$1.580

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,769,592 PROPERTIES FOR SALE

73 DAYS ON MARKET**

112 shadow inventory

19

(92625 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Crystal Cove DATA*

OCT 2011

OCT 2012

% CHANGE

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

$3,587,500

$3,225,000

-10.1%

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

$891

$834

-6.4%

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

2

5

150.0%

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

2

3

50.0%

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

28

22

-21.4%

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

194

28

-85.6%

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

14.0

4.4

-68.6%

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

7.1%

13.6%

90.9%

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

$4,101,000

$3,745,327

-8.7%

*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.

M E D I A N

$3.225

S A L E S

$3.588

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$3,745,327 PROPERTIES FOR SALE

22 DAYS ON MARKET**

119 shadow inventory

33

(92657 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


East Bluff - Harbor View DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,385,000

$1,259,000

-9.1%

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

$462

$517

11.9%

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

13

17

30.8%

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

10

21

110.0%

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

143

79

-44.8%

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

117

68

-41.9%

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

11.0

4.6

-57.8%

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

7.0%

26.6%

280.1%

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

$1,386,000

$1,360,688

-1.8%

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

M E D I A N

$1.259

S A L E S

$1.385

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,360,688 PROPERTIES FOR SALE

79 DAYS ON MARKET**

93 shadow inventory

70

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


East Costa Mesa DATA*

OCT 2011

OCT 2012

% CHANGE

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

$659,000

$750,000

13.8%

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

$396

$412

4.0%

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

11

12

9.1%

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

8

9

12.5%

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

75

46

-38.7%

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

73

65

-11.0%

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

6.8

3.8

-43.8%

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

10.7%

19.6%

83.4%

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

$655,000

$654,204

-0.1%

*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.

$750

M E D I A N

S A L E S

(in hundred thousands)

$659

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$654,204 PROPERTIES FOR SALE

46 DAYS ON MARKET**

83 shadow inventory

83

(92627 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Fountain Valley DATA*

OCT 2011

OCT 2012

% CHANGE

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

$535,000

$582,500

8.9%

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

$283

$300

6.0%

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

25

24

-4.0%

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

18

37

105.6%

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

157

77

-51.0%

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

85

42

-50.6%

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

6.3

3.2

-48.9%

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

11.5%

48.1%

319.1%

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

$559,000

$549,308

-1.7%

*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.

$583

M E D I A N

S A L E S

(in hundred thousands)

$535

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$549,308 PROPERTIES FOR SALE

77 DAYS ON MARKET**

66 shadow inventory

131 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Huntington Beach DATA*

OCT 2011

OCT 2012

% CHANGE

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

$600,000

$625,000

4.2%

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

$358

$347

-3.1%

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

82

119

45.1%

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

72

129

79.2%

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

568

340

-40.1%

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

113

58

-48.7%

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

6.9

2.9

-58.8%

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

12.7%

37.9%

199.3%

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

$609,000

$605,067

-0.6%

*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.

$625

M E D I A N

S A L E S

(in hundred thousands)

$600

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$605,067 PROPERTIES FOR SALE

340 DAYS ON MARKET**

86 shadow inventory

321 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Irvine DATA*

OCT 2011

OCT 2012

% CHANGE

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

$670,250

$845,000

26.1%

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

$362

$381

5.2%

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

58

86

48.3%

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

61

105

72.1%

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

500

307

-38.6%

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

96

57

-40.6%

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

8.6

3.6

-58.6%

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

12.2%

34.2%

180.3%

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

$718,000

$726,184

1.1%

*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.

$845

M E D I A N

S A L E S

(in hundred thousands)

$670

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$726,184 PROPERTIES FOR SALE

307 DAYS ON MARKET**

84 shadow inventory

226 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Laguna Beach DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,600,000

$1,150,000

-28.1%

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

$762

$659

-13.5%

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

26

35

34.6%

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

28

37

32.1%

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

346

215

-37.9%

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

159

154

-3.1%

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

13.3

6.1

-53.8%

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

8.1%

17.2%

112.7%

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

$1,207,000

$1,329,046

10.1%

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

M E D I A N

$1.150

S A L E S

$1.600

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,329,046 PROPERTIES FOR SALE

215 DAYS ON MARKET**

140 shadow inventory

69 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Lower Newport Bay - Balboa Island DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,590,000

$1,690,000

6.3%

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

$870

$1,181

35.7%

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

5

7

40.0%

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

5

5

0.0%

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

65

41

-36.9%

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

125

65

-48.0%

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

13.0

5.9

-54.9%

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

7.7%

12.2%

58.5%

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

$2,190,000

$1,988,115

-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.

M E D I A N

S A L E S

$1.690

$1.590

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,988,115 PROPERTIES FOR SALE

41 DAYS ON MARKET**

117 shadow inventory

37

(92660, 92662, 92663 Zip Codes)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Newport Beach DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,305,000

$1,550,000

18.8%

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

$537

$780

45.3%

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

34

61

79.4%

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

39

65

66.7%

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

486

303

-37.7%

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

120

99

-17.5%

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

14.3

5.0

-65.2%

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

8.0%

21.5%

167.3%

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

$1,384,000

$1,358,231

-1.9%

*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.

$1.550

M E D I A N

S A L E S

(in hundred thousands)

$1.305

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,358,231 PROPERTIES FOR SALE

303 DAYS ON MARKET**

116 shadow inventory

119 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Newport Coast DATA*

OCT 2011

OCT 2012

% CHANGE

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

$2,675,000

$3,175,000

18.7%

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

$646

$748

15.8%

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

12

17

41.7%

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

8

18

125.0%

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

145

96

-33.8%

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

120

66

-45.0%

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

12.1

5.6

-53.3%

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

5.5%

18.8%

239.8%

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

$2,142,000

$2,024,250

-5.5%

*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.

$3.175

M E D I A N

S A L E S

(in hundred thousands)

$2.675

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$2,024,250 PROPERTIES FOR SALE

96 DAYS ON MARKET**

97 shadow inventory

26 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Newport Heights DATA*

OCT 2011

OCT 2012

% CHANGE

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

$830,000

$1,285,000

54.8%

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

$602

$664

10.3%

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

3

6

100.0%

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

4

6

50.0%

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

43

27

-37.2%

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

147

36

-75.5%

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

14.3

4.5

-68.6%

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

9.3%

22.2%

138.9%

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

$1,252,000

$1,174,885

-6.2%

*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.

S A L E S M E D I A N

$830

(in hundred thousands)

$1.285

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,174,885 PROPERTIES FOR SALE

27 DAYS ON MARKET**

102 shadow inventory

35

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Turtle Ridge DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,770,000

$1,709,000

-3.4%

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

$501

$551

10.0%

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

7

6

-14.3%

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

2

1

-50.0%

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

32

21

-34.4%

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

116

88

-24.1%

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

4.6

3.5

-23.4%

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

6.3%

4.8%

-23.8%

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

$1,840,000

$1,934,808

5.2%

*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.

M E D I A N

$1.709

S A L E S

$1.770

(in hundred thousands)

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,934,808 PROPERTIES FOR SALE

21 DAYS ON MARKET**

124 shadow inventory

31

(92603 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


West Bay - Santa Ana Heights DATA*

OCT 2011

OCT 2012

% CHANGE

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

$924,950

$1,035,000

11.9%

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

$418

$477

14.1%

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

6

13

116.7%

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

8

12

50.0%

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

72

49

-31.9%

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

92

83

-9.8%

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

12.0

3.8

-68.6%

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

11.1%

24.5%

120.4%

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

$1,088,000

$1,151,749

5.9%

*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)

$1.035

$925

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,151,749 PROPERTIES FOR SALE

49 DAYS ON MARKET**

103 shadow inventory

70

(92660 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


West Newport - Lido DATA*

OCT 2011

OCT 2012

% CHANGE

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

$1,379,000

$2,650,000

92.2%

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

$646

$1,385

114.4%

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

7

9

28.6%

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

11

15

36.4%

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

98

49

-50.0%

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

130

166

27.7%

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

14.0

5.4

-61.1%

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

11.2%

30.6%

172.7%

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

$1,475,000

$1,579,095

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.

S A L E S

(in hundred thousands)

$2.650

P R I C E

yearly trend

OCT

M E D I A N

$1.379

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$1,597,095 PROPERTIES FOR SALE

49 DAYS ON MARKET**

146 shadow inventory

35

(92663 Zip Code)

**12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 2012 : Micro Market Report


Westminster DATA*

OCT 2011

OCT 2012

% CHANGE

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

$397,500

$415,000

4.4%

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

$245

$259

5.7%

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

32

40

25.0%

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

34

47

38.2%

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

230

110

-52.2%

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

72

52

-27.8%

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

7.2

2.8

-61.7%

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

14.8%

42.7%

189.0%

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

$411,000

$395,112

-3.9%

*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.

$415

M E D I A N

S A L E S

(in hundred thousands)

$398

P R I C E

yearly trend

OCT

NOV

DEC

JAN

Micro Market Report : October 2012

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT


telesintelligence.com

the numbers median sales price**

$395,112 PROPERTIES FOR SALE

110 DAYS ON MARKET**

71 shadow inventory

151 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

October 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

r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610


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 OCTOBER 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: October 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...

Read more
Read more
Similar to
Popular now
Just for you