micro market report luxury real estate market research April 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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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:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Redondo Beach
Toluca Lake
Bel Air - Holmby Hills
Mid Wilshire
Rolling Hills
Valley Village
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills Estates
Woodland Hills
Beverly Hills
Palms - Mar Vista
San Pedro
San Gabriel Valley Macro
Beverly Hills P.O.
Playa del Rey
Torrance
Altadena
Beverlywood
Playa Vista
San Fernando Macro
Arcadia
Brentwood
Santa Monica
Burbank
Duarte
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Encino
Eagle Rock
Culver City
Venice
Glendale
La Canada Flintridge
Hancock Park - Wilshire
West Hollywood
La Crescenta
Monrovia
Hollywood
West Los Angeles
North Hollywood
Pasadena
Hollywood Hills East
Westchester
Shadow Hills
San Gabriel
Laurel Canyon
Westwood - Century City
Sherman Oaks
San Marino
Los Feliz
South Bay Macro
Studio City
Sierra Madre
Malibu
Manhattan Beach
Sun Valley
South Pasadena
Malibu Beach
Palos Verdes Estates
Sunland - Tujunga
Marina del Rey
Rancho Palos Verdes
Tarzana
Micro Market Report : April 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : April 2014
telesproperties.com
Los Angeles County DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$830,000
$839,500
$823,000
$907,000
9.3%
Average Price per Square Foot ...........................
$570
$590
$556
$614
7.7%
Properties Sold .......................................................
757
804
499
679
-10.3%
Properties Pending Sale .......................................
940
824
647
826
-12.1%
Properties For Sale ................................................
3,313
3,892
3,155
3,606
8.8%
Days on Market (Pending Sale) ...........................
45
51
57
47
4.4%
Month’s Supply of Inventory ................................
4.4
4.8
6.3
5.3
21.3%
Percent Under Contract ........................................
28.4%
21.2%
20.5%
22.9%
-19.3%
Average Median Price for Last 12 Months ........
$667,000
$868,792
$893,750
$860,327
22.5%
*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.
current market snapshot APR
$830
MAY
$907,000
JUN JUL
MEDIAN SALES PRICE
AUG
$614
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$907 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,895,040
$2,414,000
$2,162,500
$7,400,000
290.5%
Average Price per Square Foot ...........................
$1,043
$830
$950
$969
-7.1%
Properties Sold .......................................................
22
25
10
3
-86.4%
Properties Pending Sale .......................................
17
18
4
9
-47.1%
Properties For Sale ................................................
118
133
97
107
-9.3%
Days on Market (Pending Sale) ...........................
74
73
310
136
83.8%
Month’s Supply of Inventory ................................
5.4
5.3
9.7
35.7
565.0%
Percent Under Contract ........................................
14.4%
13.5%
4.1%
8.4%
-41.6%
Average Median Price for Last 12 Months ........
$1,842,000
$2,828,833
$3,678,333
$2,427,272
24.1%
*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.
current market snapshot APR
$1.895
MAY
$7,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$969
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
35.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$7.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,206,500
$1,431,250
$1,300,000
$1,265,000
4.8%
Average Price per Square Foot ...........................
$617
$647
$536
$623
1.0%
Properties Sold .......................................................
18
22
11
13
-27.8%
Properties Pending Sale .......................................
29
10
15
15
-48.3%
Properties For Sale ................................................
68
53
59
58
-14.7%
Days on Market (Pending Sale) ...........................
34
22
32
51
50.0%
Month’s Supply of Inventory ................................
3.8
2.4
5.4
4.5
18.1%
Percent Under Contract ........................................
42.6%
18.9%
25.4%
25.9%
-39.4%
Average Median Price for Last 12 Months ........
$987,000
$1,326,458
$1,272,083
$1,258,188
21.6%
*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.
current market snapshot APR
$1.206
MAY
$1,265,000
JUN JUL
MEDIAN SALES PRICE
AUG
$623
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.265 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Beverly Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$4,177,500
$6,000,000
$5,198,500
$4,157,000
-0.5%
Average Price per Square Foot ...........................
$1,015
$1,298
$1,063
$1,145
12.8%
Properties Sold .......................................................
16
13
12
18
12.5%
Properties Pending Sale .......................................
18
20
9
12
-33.3%
Properties For Sale ................................................
91
117
92
90
-1.1%
Days on Market (Pending Sale) ...........................
61
112
42
26
-57.4%
Month’s Supply of Inventory ................................
5.7
9
7.7
5
-12.1%
Percent Under Contract ........................................
19.8%
17.1%
9.8%
13.3%
-32.6%
Average Median Price for Last 12 Months ........
$4,388,000
$5,103,817
$4,802,333
$4,727,146
7.2%
*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.
current market snapshot APR
$4.177
MAY
$4,157,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,145
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.157 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,437,500
$2,340,000
$2,150,000
$2,740,000
12.4%
Average Price per Square Foot ...........................
$611
$831
$772
$801
31.1%
Properties Sold .......................................................
16
13
11
16
0.0%
Properties Pending Sale .......................................
13
13
15
11
-15.4%
Properties For Sale ................................................
95
132
116
121
27.4%
Days on Market (Pending Sale) ...........................
112
48
64
62
-44.6%
Month’s Supply of Inventory ................................
5.9
10.2
10.5
7.6
27.4%
Percent Under Contract ........................................
13.7%
9.8%
12.9%
9.1%
-33.6%
Average Median Price for Last 12 Months ........
$1,976,000
$2,251,083
$2,538,333
$2,202,860
10.3%
*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.
current market snapshot APR
$2.437
MAY
$2,740,000
JUN JUL
MEDIAN SALES PRICE
AUG
$801
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Beverlywood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$704,500
$985,000
$910,000
$1,107,500
57.2%
Average Price per Square Foot ...........................
$434
$569
$573
$616
41.9%
Properties Sold .......................................................
14
14
10
20
42.9%
Properties Pending Sale .......................................
14
14
20
16
14.3%
Properties For Sale ................................................
40
54
58
55
37.5%
Days on Market (Pending Sale) ...........................
21
29
40
52
147.6%
Month’s Supply of Inventory ................................
2.9
3.9
5.8
2.8
-3.8%
Percent Under Contract ........................................
35.0%
25.9%
34.5%
29.1%
-16.9%
Average Median Price for Last 12 Months ........
$786,000
$978,750
$942,000
$925,101
15.0%
*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.
current market snapshot APR
$704
MAY
$1,107,500
JUN JUL
MEDIAN SALES PRICE
AUG
$616
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.107 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Brentwood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,000,000
$2,538,000
$2,190,000
$2,575,000
28.7%
Average Price per Square Foot ...........................
$887
$848
$949
$986
11.2%
Properties Sold .......................................................
21
13
11
13
-38.1%
Properties Pending Sale .......................................
34
21
13
17
-50.0%
Properties For Sale ................................................
126
122
77
112
-11.1%
Days on Market (Pending Sale) ...........................
45
73
61
63
40.0%
Month’s Supply of Inventory ................................
6
9.4
7
8.6
43.6%
Percent Under Contract ........................................
27.0%
17.2%
16.9%
15.2%
-43.8%
Average Median Price for Last 12 Months ........
$1,928,000
$2,673,380
$3,121,667
$2,523,175
23.6%
*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.
current market snapshot APR
$2.000
MAY
$2,575,000
JUN JUL
MEDIAN SALES PRICE
AUG
$986
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,395,000
$1,577,500
$1,800,000
$1,285,000
-7.9%
Average Price per Square Foot ...........................
$653
$733
$892
$621
-4.9%
Properties Sold .......................................................
10
6
3
7
-30.0%
Properties Pending Sale .......................................
8
5
3
7
-12.5%
Properties For Sale ................................................
20
16
9
18
-10.0%
Days on Market (Pending Sale) ...........................
27
19
33
22
-18.5%
Month’s Supply of Inventory ................................
2
2.7
3
2.6
28.6%
Percent Under Contract ........................................
40.0%
31.2%
33.3%
38.9%
-2.8%
Average Median Price for Last 12 Months ........
$1,302,000
$1,591,900
$1,603,633
$1,518,031
14.2%
*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.
current market snapshot APR
$1.395
MAY
$1,285,000
JUN JUL
MEDIAN SALES PRICE
AUG
$621
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.285 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Culver City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$820,000
$830,000
$700,000
$902,000
10.0%
Average Price per Square Foot ...........................
$528
$585
$532
$597
13.1%
Properties Sold .......................................................
14
12
9
22
57.1%
Properties Pending Sale .......................................
17
12
11
12
-29.4%
Properties For Sale ................................................
49
36
30
34
-30.6%
Days on Market (Pending Sale) ...........................
21
35
49
14
-33.3%
Month’s Supply of Inventory ................................
3.5
3
3.3
1.5
-55.8%
Percent Under Contract ........................................
34.7%
33.3%
36.7%
35.3%
1.7%
Average Median Price for Last 12 Months ........
$699,000
$794,625
$792,333
$802,462
12.9%
*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.
current market snapshot APR
$820
MAY
$902,000
JUN JUL
MEDIAN SALES PRICE
AUG
$597
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$902 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,236,000
$1,427,500
$1,531,250
$1,215,000
-1.7%
Average Price per Square Foot ...........................
$527
$648
$536
$580
10.1%
Properties Sold .......................................................
13
29
14
19
46.2%
Properties Pending Sale .......................................
26
24
23
26
0.0%
Properties For Sale ................................................
95
108
78
108
13.7%
Days on Market (Pending Sale) ...........................
33
41
63
43
30.3%
Month’s Supply of Inventory ................................
7.3
3.7
5.6
5.7
-22.2%
Percent Under Contract ........................................
27.4%
22.2%
29.5%
24.1%
-12.0%
Average Median Price for Last 12 Months ........
$1,040,000
$1,376,533
$1,367,650
$1,282,179
18.9%
*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.
current market snapshot APR
$1.236
MAY
$1,215,000
JUN JUL
MEDIAN SALES PRICE
AUG
$580
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Hollywood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$475,000
$532,500
$0
$857,500
80.5%
Average Price per Square Foot ...........................
$417
$368
$0
$545
30.7%
Properties Sold .......................................................
2
4
0
4
100.0%
Properties Pending Sale .......................................
5
5
4
5
0.0%
Properties For Sale ................................................
20
20
16
29
45.0%
Days on Market (Pending Sale) ...........................
97
80
36
53
-45.4%
Month’s Supply of Inventory ................................
10
5
0
7.2
-27.5%
Percent Under Contract ........................................
25.0%
25.0%
25.0%
17.2%
-31.0%
Average Median Price for Last 12 Months ........
$669,000
$949,000
$1,212,500
$740,125
9.6%
*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.
current market snapshot APR
$475
MAY
$857,500
JUN JUL
MEDIAN SALES PRICE
AUG
$545
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$857 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Hollywood Hills East DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$957,500
$1,071,250
$1,460,000
$1,143,500
19.4%
Average Price per Square Foot ...........................
$513
$483
$553
$527
2.7%
Properties Sold .......................................................
14
18
9
8
-42.9%
Properties Pending Sale .......................................
16
17
6
10
-37.5%
Properties For Sale ................................................
60
63
51
61
1.7%
Days on Market (Pending Sale) ...........................
28
44
36
62
121.4%
Month’s Supply of Inventory ................................
3.8
3.7
8.5
7.6
103.3%
Percent Under Contract ........................................
26.7%
27.0%
11.8%
16.4%
-38.5%
Average Median Price for Last 12 Months ........
$968,000
$1,272,083
$1,250,167
$1,137,181
14.9%
*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.
current market snapshot APR
$957
MAY
$1,143,500
JUN JUL
MEDIAN SALES PRICE
AUG
$527
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.143 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Laurel Canyon DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,170,000
$1,275,000
$1,076,442
$1,290,000
10.3%
Average Price per Square Foot ...........................
$608
$596
$574
$805
32.4%
Properties Sold .......................................................
20
23
20
20
0.0%
Properties Pending Sale .......................................
30
25
31
32
6.7%
Properties For Sale ................................................
126
141
144
142
12.7%
Days on Market (Pending Sale) ...........................
45
50
56
55
22.2%
Month’s Supply of Inventory ................................
4.2
5.6
4.6
7.1
69.0%
Percent Under Contract ........................................
23.8%
17.7%
21.5%
22.5%
-5.4%
Average Median Price for Last 12 Months ........
$1,173,000
$1,344,990
$1,450,000
$1,279,831
8.3%
*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.
current market snapshot APR
$1.170
MAY
$1,290,000
JUN JUL
MEDIAN SALES PRICE
AUG
$805
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.290 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Los Feliz DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$908,750
$1,739,000
$972,000
$1,592,500
75.2%
Average Price per Square Foot ...........................
$434
$695
$698
$639
47.2%
Properties Sold .......................................................
15
17
14
16
6.7%
Properties Pending Sale .......................................
19
19
16
23
21.1%
Properties For Sale ................................................
74
72
68
91
23.0%
Days on Market (Pending Sale) ...........................
30
32
50
28
-6.7%
Month’s Supply of Inventory ................................
3.9
3.8
4.2
5.7
46.0%
Percent Under Contract ........................................
25.7%
26.4%
23.5%
25.3%
-1.6%
Average Median Price for Last 12 Months ........
$1,008,000
$1,257,750
$1,264,167
$1,241,498
18.8%
*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.
current market snapshot APR
$908
MAY
$1,592,500
JUN JUL
MEDIAN SALES PRICE
AUG
$639
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.592 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Malibu DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,850,000
$2,348,750
$2,225,000
$2,200,000
18.9%
Average Price per Square Foot ...........................
$485
$778
$726
$649
33.8%
Properties Sold .......................................................
13
18
7
15
15.4%
Properties Pending Sale .......................................
15
15
14
12
-20.0%
Properties For Sale ................................................
204
201
171
193
-5.4%
Days on Market (Pending Sale) ...........................
123
109
143
104
-15.4%
Month’s Supply of Inventory ................................
15.7
11.2
24.4
12.9
-18.0%
Percent Under Contract ........................................
7.4%
7.5%
8.2%
6.2%
-15.4%
Average Median Price for Last 12 Months ........
$1,748,000
$2,265,743
$2,053,986
$2,141,862
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.850
MAY
$2,200,000
JUN JUL
MEDIAN SALES PRICE
AUG
$649
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Malibu Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$4,025,000
$14,700,000
$4,716,250
$3,595,125
-10.7%
Average Price per Square Foot ...........................
$1,717
$2,746
$1,883
$1,193
-30.5%
Properties Sold .......................................................
5
1
2
2
-60.0%
Properties Pending Sale .......................................
3
2
5
2
-33.3%
Properties For Sale ................................................
84
78
64
78
-7.1%
Days on Market (Pending Sale) ...........................
135
148
260
75
-44.4%
Month’s Supply of Inventory ................................
16.8
78
32
39
132.1%
Percent Under Contract ........................................
3.6%
2.6%
7.8%
2.6%
-28.2%
Average Median Price for Last 12 Months ........
$6,420,000
$5,113,563
$5,530,042
$5,503,308
-16.7%
*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.
current market snapshot APR
$4.025
MAY
$3,595,125
JUN JUL
MEDIAN SALES PRICE
AUG
$1,193
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
39 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Marina Del Rey DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,892,500
$1,225,000
$2,050,000
$1,260,000
-33.4%
Average Price per Square Foot ...........................
$525
$729
$591
$554
5.5%
Properties Sold .......................................................
8
4
1
8
0.0%
Properties Pending Sale .......................................
2
2
7
6
200.0%
Properties For Sale ................................................
20
24
24
23
15.0%
Days on Market (Pending Sale) ...........................
58
38
52
44
-24.1%
Month’s Supply of Inventory ................................
2.5
6
24
2.9
15.0%
Percent Under Contract ........................................
10.0%
8.3%
29.2%
26.1%
160.9%
Average Median Price for Last 12 Months ........
$1,404,000
$1,645,000
$1,408,333
$1,556,533
9.8%
*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.
current market snapshot $1.892
APR MAY
$1,260,000
JUN JUL
MEDIAN SALES PRICE
AUG
$554
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.260 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Mid Los Angeles DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$402,500
$380,000
$450,000
$526,000
30.7%
Average Price per Square Foot ...........................
$258
$289
$257
$325
26.0%
Properties Sold .......................................................
16
23
9
15
-6.2%
Properties Pending Sale .......................................
28
20
14
25
-10.7%
Properties For Sale ................................................
60
86
57
64
6.7%
Days on Market (Pending Sale) ...........................
18
50
52
49
172.2%
Month’s Supply of Inventory ................................
3.8
3.7
6.3
4.3
13.8%
Percent Under Contract ........................................
46.7%
23.3%
24.6%
39.1%
-16.3%
Average Median Price for Last 12 Months ........
$336,000
$483,177
$486,354
$472,889
28.9%
*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.
current market snapshot APR
$402
MAY
$526,000
JUN JUL
MEDIAN SALES PRICE
AUG
$325
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$526 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Mid Wilshire DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$466,250
$644,500
$545,000
$747,000
60.2%
Average Price per Square Foot ...........................
$267
$330
$387
$330
23.6%
Properties Sold .......................................................
4
4
1
2
-50.0%
Properties Pending Sale .......................................
3
3
0
4
33.3%
Properties For Sale ................................................
20
14
9
18
-10.0%
Days on Market (Pending Sale) ...........................
19
22
0
56
194.7%
Month’s Supply of Inventory ................................
5
3.5
9
9
80.0%
Percent Under Contract ........................................
15.0%
21.4%
0.0%
22.2%
48.1%
Average Median Price for Last 12 Months ........
$423,000
$625,375
$747,000
$550,975
23.2%
*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.
current market snapshot APR
$466
MAY
$747,000
JUN JUL
MEDIAN SALES PRICE
AUG
$330
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Pacific Palisades DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,252,500
$2,577,302
$2,492,000
$2,472,500
9.8%
Average Price per Square Foot ...........................
$798
$910
$721
$886
11.0%
Properties Sold .......................................................
30
24
14
24
-20.0%
Properties Pending Sale .......................................
35
25
20
33
-5.7%
Properties For Sale ................................................
134
129
109
118
-11.9%
Days on Market (Pending Sale) ...........................
63
58
69
68
7.9%
Month’s Supply of Inventory ................................
4.5
5.4
7.8
4.9
10.1%
Percent Under Contract ........................................
26.1%
19.4%
18.3%
28.0%
7.1%
Average Median Price for Last 12 Months ........
$2,165,000
$2,638,250
$2,752,500
$2,402,730
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$2.252
MAY
$2,472,500
JUN JUL
MEDIAN SALES PRICE
AUG
$886
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.472 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Palms - Mar Vista DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$865,000
$992,551
$760,000
$1,125,000
30.1%
Average Price per Square Foot ...........................
$590
$593
$571
$653
10.7%
Properties Sold .......................................................
33
34
17
25
-24.2%
Properties Pending Sale .......................................
31
35
19
23
-25.8%
Properties For Sale ................................................
64
84
55
62
-3.1%
Days on Market (Pending Sale) ...........................
30
35
29
23
-23.3%
Month’s Supply of Inventory ................................
1.9
2.5
3.2
2.5
27.9%
Percent Under Contract ........................................
48.4%
41.7%
34.5%
37.1%
-23.4%
Average Median Price for Last 12 Months ........
$788,000
$1,081,417
$1,185,833
$994,042
20.7%
*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.
current market snapshot APR
$865
MAY
$1,125,000
JUN JUL
MEDIAN SALES PRICE
AUG
$653
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Playa Del Rey DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,242,500
$1,300,000
$1,082,710
$1,778,000
43.1%
Average Price per Square Foot ...........................
$451
$405
$611
$492
9.1%
Properties Sold .......................................................
10
3
3
4
-60.0%
Properties Pending Sale .......................................
3
6
4
4
33.3%
Properties For Sale ................................................
10
16
13
16
60.0%
Days on Market (Pending Sale) ...........................
32
87
66
22
-31.2%
Month’s Supply of Inventory ................................
1
5.3
4.3
4
300.0%
Percent Under Contract ........................................
30.0%
37.5%
30.8%
25.0%
-16.7%
Average Median Price for Last 12 Months ........
$1,039,000
$1,224,626
$1,404,682
$1,273,827
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.242
MAY
$1,778,000
JUN JUL
MEDIAN SALES PRICE
AUG
$492
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Playa Vista DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$0
$0
$0
$1,000,000
0%
Average Price per Square Foot ...........................
$0
$0
$0
$363
0%
Properties Sold .......................................................
0
0
0
1
0%
Properties Pending Sale .......................................
1
0
0
1
0.0%
Properties For Sale ................................................
6
6
7
6
0.0%
Days on Market (Pending Sale) ...........................
69
0
0
87
26.1%
Month’s Supply of Inventory ................................
0
0
0
6
0%
Percent Under Contract ........................................
16.7%
0.0%
0.0%
16.7%
0.0%
Average Median Price for Last 12 Months ........
$1,143,000
$1,198,332
$1,067,498
$1,272,356
10.2%
*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.
current market snapshot APR MAY
$1,000,000
JUN JUL
MEDIAN SALES PRICE
AUG
$363
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Monica DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,630,000
$1,765,000
$1,488,000
$2,225,000
-15.4%
Average Price per Square Foot ...........................
$1,097
$960
$1,043
$927
-15.5%
Properties Sold .......................................................
19
19
7
20
5.3%
Properties Pending Sale .......................................
33
22
15
22
-33.3%
Properties For Sale ................................................
90
89
66
82
-8.9%
Days on Market (Pending Sale) ...........................
98
40
62
47
-52.0%
Month’s Supply of Inventory ................................
4.7
4.7
9.4
4.1
-13.4%
Percent Under Contract ........................................
36.7%
24.7%
22.7%
26.8%
-26.8%
Average Median Price for Last 12 Months ........
$1,941,000
$1,919,542
$2,144,500
$2,020,250
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.
current market snapshot APR
$2.630
MAY
$2,225,000
JUN JUL
MEDIAN SALES PRICE
AUG
$927
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,616,250
$1,323,500
$1,220,000
$1,642,500
1.6%
Average Price per Square Foot ...........................
$731
$715
$639
$893
22.2%
Properties Sold .......................................................
36
34
24
33
-8.3%
Properties Pending Sale .......................................
55
37
36
41
-25.5%
Properties For Sale ................................................
227
277
237
245
7.9%
Days on Market (Pending Sale) ...........................
52
56
70
75
44.2%
Month’s Supply of Inventory ................................
6.3
8.1
9.9
7.4
17.7%
Percent Under Contract ........................................
24.2%
13.4%
15.2%
16.7%
-30.9%
Average Median Price for Last 12 Months ........
$1,418,000
$1,565,913
$1,706,327
$1,522,248
6.8%
*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.
current market snapshot APR
$1.616
MAY
$1,642,500
JUN JUL
MEDIAN SALES PRICE
AUG
$893
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.642 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Venice DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,575,500
$1,375,000
$1,270,000
$1,722,000
9.3%
Average Price per Square Foot ...........................
$869
$866
$972
$727
-16.3%
Properties Sold .......................................................
17
18
14
8
-52.9%
Properties Pending Sale .......................................
16
24
8
22
37.5%
Properties For Sale ................................................
79
70
51
55
-30.4%
Days on Market (Pending Sale) ...........................
73
42
42
34
-53.4%
Month’s Supply of Inventory ................................
4.6
3.9
3.6
6.9
47.9%
Percent Under Contract ........................................
20.3%
34.3%
15.7%
40.0%
97.5%
Average Median Price for Last 12 Months ........
$1,217,000
$1,477,967
$1,610,100
$1,445,446
18.8%
*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.
current market snapshot APR
$1.575
MAY
$1,722,000
JUN JUL
MEDIAN SALES PRICE
AUG
$727
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.722 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West Hollywood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,150,000
$1,325,000
$1,077,884
$1,376,130
19.7%
Average Price per Square Foot ...........................
$756
$622
$618
$921
21.8%
Properties Sold .......................................................
16
13
17
10
-37.5%
Properties Pending Sale .......................................
12
12
8
11
-8.3%
Properties For Sale ................................................
39
57
42
43
10.3%
Days on Market (Pending Sale) ...........................
34
48
73
29
-14.7%
Month’s Supply of Inventory ................................
2.4
4.4
2.5
4.3
76.4%
Percent Under Contract ........................................
30.8%
21.1%
19.0%
25.6%
-16.9%
Average Median Price for Last 12 Months ........
$1,115,000
$1,151,294
$1,172,877
$1,125,678
0.9%
*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.
current market snapshot APR
$1.150
MAY
$1,376,130
JUN JUL
MEDIAN SALES PRICE
AUG
$921
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.376 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West Los Angeles DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$770,000
$724,250
$805,000
$891,000
15.7%
Average Price per Square Foot ...........................
$579
$559
$531
$602
4.0%
Properties Sold .......................................................
8
8
4
8
0.0%
Properties Pending Sale .......................................
8
8
8
11
37.5%
Properties For Sale ................................................
17
26
19
30
76.5%
Days on Market (Pending Sale) ...........................
17
64
38
47
176.5%
Month’s Supply of Inventory ................................
2.1
3.2
4.8
3.8
76.5%
Percent Under Contract ........................................
47.1%
30.8%
42.1%
36.7%
-22.1%
Average Median Price for Last 12 Months ........
$639,000
$840,333
$852,167
$825,621
29.2%
*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.
current market snapshot APR
$770
MAY
$891,000
JUN JUL
MEDIAN SALES PRICE
AUG
$602
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$891 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Westchester DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$708,500
$752,500
$1,060,000
$814,000
14.9%
Average Price per Square Foot ...........................
$434
$451
$479
$482
11.1%
Properties Sold .......................................................
16
24
7
17
6.2%
Properties Pending Sale .......................................
25
28
12
16
-36.0%
Properties For Sale ................................................
49
56
32
63
28.6%
Days on Market (Pending Sale) ...........................
20
29
25
28
40.0%
Month’s Supply of Inventory ................................
3.1
2.3
4.6
3.7
21.0%
Percent Under Contract ........................................
51.0%
50.0%
37.5%
25.4%
-50.2%
Average Median Price for Last 12 Months ........
$671,000
$852,333
$839,667
$805,308
20.0%
*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.
current market snapshot APR
$708
MAY
$814,000
JUN JUL
MEDIAN SALES PRICE
AUG
$482
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$814 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Westwood - Century City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,270,000
$1,275,000
$1,425,000
$1,615,000
27.2%
Average Price per Square Foot ...........................
$665
$687
$723
$701
5.4%
Properties Sold .......................................................
14
13
8
14
0.0%
Properties Pending Sale .......................................
23
21
6
16
-30.4%
Properties For Sale ................................................
52
65
34
62
19.2%
Days on Market (Pending Sale) ...........................
43
54
74
38
-11.6%
Month’s Supply of Inventory ................................
3.7
5
4.2
4.4
19.2%
Percent Under Contract ........................................
44.2%
32.3%
17.6%
25.8%
-41.7%
Average Median Price for Last 12 Months ........
$1,301,000
$1,694,667
$1,866,667
$1,581,235
21.5%
*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.
current market snapshot APR
$1.270
MAY
$1,615,000
JUN JUL
MEDIAN SALES PRICE
AUG
$701
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.615 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
South Bay Macro Market DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,055,806
$1,097,111
$1,451,389
$1,170,944
10.9%
Average Price per Square Foot ...........................
$471
$499
$478
$492
4.5%
Properties Sold .......................................................
203
166
128
184
-9.4%
Properties Pending Sale .......................................
234
172
147
202
-13.7%
Properties For Sale ................................................
618
663
520
627
1.5%
Days on Market (Pending Sale) ...........................
30
49
41
40
32.5%
Month’s Supply of Inventory ................................
3
4
4.1
3.4
11.9%
Percent Under Contract ........................................
37.9%
25.9%
28.3%
32.2%
-14.9%
Average Median Price for Last 12 Months ........
$1,210,625
$1,107,575
$1,036,794
$1,344,343
11.0%
*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.
current market snapshot APR
$1.055
MAY
$1,170,944
JUN JUL
MEDIAN SALES PRICE
AUG
$492
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.170 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Manhattan Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,826,500
$1,585,000
$2,217,500
$1,837,500
0.6%
Average Price per Square Foot ...........................
$779
$843
$703
$843
8.2%
Properties Sold .......................................................
37
25
10
42
13.5%
Properties Pending Sale .......................................
43
20
23
32
-25.6%
Properties For Sale ................................................
86
75
58
95
10.5%
Days on Market (Pending Sale) ...........................
37
57
60
35
-5.4%
Month’s Supply of Inventory ................................
2.3
3
5.8
2.3
-2.7%
Percent Under Contract ........................................
50.0%
26.7%
39.7%
33.7%
-32.6%
Average Median Price for Last 12 Months ........
$1,558,000
$1,868,917
$1,818,167
$1,818,808
16.7%
*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.
current market snapshot APR
$1.826
MAY
$1,837,500
JUN JUL
MEDIAN SALES PRICE
AUG
$843
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.837 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Palos Verdes Estates DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,752,500
$1,464,000
$1,775,500
$1,530,000
-12.7%
Average Price per Square Foot ...........................
$640
$582
$647
$600
-6.2%
Properties Sold .......................................................
12
12
10
16
33.3%
Properties Pending Sale .......................................
17
16
9
12
-29.4%
Properties For Sale ................................................
71
68
45
63
-11.3%
Days on Market (Pending Sale) ...........................
39
110
36
70
79.5%
Month’s Supply of Inventory ................................
5.9
5.7
4.5
3.9
-33.5%
Percent Under Contract ........................................
23.9%
23.5%
20.0%
19.0%
-20.4%
Average Median Price for Last 12 Months ........
$1,602,000
$1,588,000
$1,551,667
$1,573,038
-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.
current market snapshot APR
$1.752
MAY
$1,530,000
JUN JUL
MEDIAN SALES PRICE
AUG
$600
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Rancho Palos Verdes DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,050,000
$1,028,000
$1,100,000
$1,045,000
-0.5%
Average Price per Square Foot ...........................
$464
$471
$528
$523
12.7%
Properties Sold .......................................................
38
26
25
24
-36.8%
Properties Pending Sale .......................................
40
26
19
30
-25.0%
Properties For Sale ................................................
118
117
92
112
-5.1%
Days on Market (Pending Sale) ...........................
49
81
64
44
-10.2%
Month’s Supply of Inventory ................................
3.1
4.5
3.7
4.7
50.3%
Percent Under Contract ........................................
33.9%
22.2%
20.7%
26.8%
-21.0%
Average Median Price for Last 12 Months ........
$978,000
$1,160,833
$1,156,667
$1,140,091
16.6%
*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.
current market snapshot APR
$1.050
MAY
$1,045,000
JUN JUL
MEDIAN SALES PRICE
AUG
$523
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.045 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Redondo Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$788,000
$847,000
$802,000
$900,000
14.2%
Average Price per Square Foot ...........................
$474
$496
$558
$558
17.7%
Properties Sold .......................................................
30
22
29
29
-3.3%
Properties Pending Sale .......................................
35
28
23
31
-11.4%
Properties For Sale ................................................
88
92
72
79
-10.2%
Days on Market (Pending Sale) ...........................
25
36
34
35
40.0%
Month’s Supply of Inventory ................................
2.9
4.2
2.5
2.7
-7.1%
Percent Under Contract ........................................
39.8%
30.4%
31.9%
39.2%
-1.3%
Average Median Price for Last 12 Months ........
$759,000
$848,333
$868,667
$851,192
12.1%
*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.
current market snapshot APR
$788
MAY
$900,000
JUN JUL
MEDIAN SALES PRICE
AUG
$558
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Rolling Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,354,500
$2,525,000
$5,000,000
$2,925,000
115.9%
Average Price per Square Foot ...........................
$619
$834
$625
$683
10.3%
Properties Sold .......................................................
3
3
1
3
0.0%
Properties Pending Sale .......................................
4
2
1
1
-75.0%
Properties For Sale ................................................
20
19
12
21
5.0%
Days on Market (Pending Sale) ...........................
36
16
5
32
-11.1%
Month’s Supply of Inventory ................................
6.7
6.3
12
7
5.0%
Percent Under Contract ........................................
20.0%
10.5%
8.3%
4.8%
-76.2%
Average Median Price for Last 12 Months ........
$2,517,000
$3,366,667
$2,925,000
$2,959,750
17.6%
*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.
current market snapshot APR
$1.354
MAY
$2,925,000
JUN JUL
MEDIAN SALES PRICE
AUG
$683
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Rolling Hills Estates DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,656,250
$1,210,000
$1,000,000
$1,182,000
-28.6%
Average Price per Square Foot ...........................
$518
$507
$457
$480
-7.3%
Properties Sold .......................................................
6
8
1
6
0.0%
Properties Pending Sale .......................................
8
1
5
11
37.5%
Properties For Sale ................................................
26
12
17
26
0.0%
Days on Market (Pending Sale) ...........................
21
44
73
40
90.5%
Month’s Supply of Inventory ................................
4.3
1.5
17
4.3
0.0%
Percent Under Contract ........................................
30.8%
8.3%
29.4%
42.3%
37.5%
Average Median Price for Last 12 Months ........
$1,270,000
$1,211,167
$1,185,667
$1,281,404
0.9%
*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.
current market snapshot $1.656
APR MAY
$1,182,000
JUN JUL
MEDIAN SALES PRICE
AUG
$480
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.182 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Pedro DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$482,000
$485,000
$515,000
$490,000
1.7%
Average Price per Square Foot ...........................
$343
$357
$386
$331
-3.5%
Properties Sold .......................................................
25
31
20
23
-8.0%
Properties Pending Sale .......................................
34
29
25
31
-8.8%
Properties For Sale ................................................
105
135
113
113
7.6%
Days on Market (Pending Sale) ...........................
44
46
58
74
68.2%
Month’s Supply of Inventory ................................
4.2
4.4
5.6
4.9
17.0%
Percent Under Contract ........................................
32.4%
21.5%
22.1%
27.4%
-15.3%
Average Median Price for Last 12 Months ........
$438,000
$500,333
$498,333
$496,115
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.
current market snapshot APR
$482
MAY
$490,000
JUN JUL
MEDIAN SALES PRICE
AUG
$331
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Torrance DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$592,500
$730,000
$652,500
$629,000
6.2%
Average Price per Square Foot ...........................
$399
$398
$395
$409
2.5%
Properties Sold .......................................................
52
39
32
41
-21.2%
Properties Pending Sale .......................................
53
50
42
54
1.9%
Properties For Sale ................................................
104
145
111
118
13.5%
Days on Market (Pending Sale) ...........................
20
53
42
29
45.0%
Month’s Supply of Inventory ................................
2
3.7
3.5
2.9
43.9%
Percent Under Contract ........................................
51.0%
34.5%
37.8%
45.8%
-10.2%
Average Median Price for Last 12 Months ........
$563,000
$620,667
$630,500
$634,346
12.7%
*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.
current market snapshot APR
$592
MAY
$629,000
JUN JUL
MEDIAN SALES PRICE
AUG
$409
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$629 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$672,429
$732,286
$763,500
$790,714
17.6%
Average Price per Square Foot ...........................
$334
$372
$361
$384
14.9%
Properties Sold .......................................................
509
447
346
448
-12.0%
Properties Pending Sale .......................................
531
520
380
490
-7.7%
Properties For Sale ................................................
690
1,077
811
996
44.3%
Days on Market (Pending Sale) ...........................
63
54
69
58
-8.3%
Month’s Supply of Inventory ................................
1.4
2.4
2.3
2.2
64.0%
Percent Under Contract ........................................
77.0%
48.3%
46.9%
49.2%
-36.1%
Average Median Price for Last 12 Months ........
$611,595
$736,476
$754,810
$713,121
16.6%
*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.
current market snapshot APR
$672
MAY
$790,714
JUN JUL
MEDIAN SALES PRICE
AUG
$384
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Burbank DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$600,000
$625,000
$630,000
$610,000
1.7%
Average Price per Square Foot ...........................
$369
$395
$388
$373
1.1%
Properties Sold .......................................................
43
60
49
52
20.9%
Properties Pending Sale .......................................
57
56
46
49
-14.0%
Properties For Sale ................................................
61
93
73
62
1.6%
Days on Market (Pending Sale) ...........................
43
40
46
46
7.0%
Month’s Supply of Inventory ................................
1.4
1.6
1.5
1.2
-16.0%
Percent Under Contract ........................................
93.4%
60.2%
63.0%
79.0%
-15.4%
Average Median Price for Last 12 Months ........
$517,692
$619,500
$633,333
$613,000
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$600
MAY
$610,000
JUN JUL
MEDIAN SALES PRICE
AUG
$373
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Encino DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$970,000
$1,248,000
$938,000
$985,000
1.5%
Average Price per Square Foot ...........................
$390
$447
$403
$416
6.7%
Properties Sold .......................................................
35
36
32
41
17.1%
Properties Pending Sale .......................................
40
44
29
51
27.5%
Properties For Sale ................................................
80
113
80
110
37.5%
Days on Market (Pending Sale) ...........................
74
50
74
44
-40.5%
Month’s Supply of Inventory ................................
2.3
3.1
2.5
2.7
17.4%
Percent Under Contract ........................................
50.0%
38.9%
36.2%
46.4%
-7.3%
Average Median Price for Last 12 Months ........
$794,692
$984,833
$1,112,000
$966,154
21.6%
*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.
current market snapshot APR
$970
MAY
$985,000
JUN JUL
MEDIAN SALES PRICE
AUG
$416
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$985 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Glendale DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$623,000
$619,000
$760,000
$708,000
13.6%
Average Price per Square Foot ...........................
$338
$393
$354
$394
16.6%
Properties Sold .......................................................
58
36
40
50
-13.8%
Properties Pending Sale .......................................
65
54
40
58
-10.8%
Properties For Sale ................................................
88
126
91
108
22.7%
Days on Market (Pending Sale) ...........................
41
33
53
60
46.3%
Month’s Supply of Inventory ................................
1.5
3.5
2.3
2.2
42.4%
Percent Under Contract ........................................
73.9%
42.9%
44.0%
53.7%
-27.3%
Average Median Price for Last 12 Months ........
$596,846
$715,000
$695,000
$696,538
16.7%
*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.
current market snapshot APR
$623
MAY
$708,000
JUN JUL
MEDIAN SALES PRICE
AUG
$394
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$708 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
La Crescenta DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$675,000
$650,000
$610,000
$749,000
11.0%
Average Price per Square Foot ...........................
$356
$410
$408
$399
12.1%
Properties Sold .......................................................
27
27
15
18
-33.3%
Properties Pending Sale .......................................
22
27
13
22
0.0%
Properties For Sale ................................................
20
29
24
38
90.0%
Days on Market (Pending Sale) ...........................
46
52
57
45
-2.2%
Month’s Supply of Inventory ................................
0.7
1.1
1.6
2.1
185.0%
Percent Under Contract ........................................
110.0%
93.1%
54.2%
57.9%
-47.4%
Average Median Price for Last 12 Months ........
$572,692
$671,333
$724,000
$668,769
16.8%
*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.
current market snapshot APR
$675
MAY
$749,000
JUN JUL
MEDIAN SALES PRICE
AUG
$399
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$749 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
North Hollywood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$370,000
$380,000
$393,000
$448,000
21.1%
Average Price per Square Foot ...........................
$262
$285
$304
$337
28.6%
Properties Sold .......................................................
51
37
26
42
-17.6%
Properties Pending Sale .......................................
40
61
46
49
22.5%
Properties For Sale ................................................
33
77
71
69
109.1%
Days on Market (Pending Sale) ...........................
59
48
50
61
3.4%
Month’s Supply of Inventory ................................
0.6
2.1
2.7
1.6
153.9%
Percent Under Contract ........................................
121.2%
79.2%
64.8%
71.0%
-41.4%
Average Median Price for Last 12 Months ........
$320,923
$423,833
$446,000
$409,462
27.6%
*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.
current market snapshot APR
$370
MAY
$448,000
JUN JUL
MEDIAN SALES PRICE
AUG
$337
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$448 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Shadow Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$835,000
$633,000
$1,025,000
$813,000
-2.6%
Average Price per Square Foot ...........................
$225
$246
$259
$267
18.7%
Properties Sold .......................................................
3
2
3
2
-33.3%
Properties Pending Sale .......................................
6
2
1
2
-66.7%
Properties For Sale ................................................
10
16
4
10
0.0%
Days on Market (Pending Sale) ...........................
167
35
79
51
-69.5%
Month’s Supply of Inventory ................................
3.3
8
1.3
5
50.0%
Percent Under Contract ........................................
60.0%
12.5%
25.0%
20.0%
-66.7%
Average Median Price for Last 12 Months ........
$626,333
$773,833
$816,000
$735,308
17.4%
*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.
current market snapshot APR
$835
MAY
$813,000
JUN JUL
MEDIAN SALES PRICE
AUG
$267
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$813 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sherman Oaks DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$775,000
$825,000
$1,033,000
$938,000
21.0%
Average Price per Square Foot ...........................
$412
$437
$431
$449
9.0%
Properties Sold .......................................................
59
57
40
59
0.0%
Properties Pending Sale .......................................
75
59
50
72
-4.0%
Properties For Sale ................................................
94
151
101
125
33.0%
Days on Market (Pending Sale) ...........................
49
50
97
57
16.3%
Month’s Supply of Inventory ................................
1.6
2.6
2.5
2.1
33.0%
Percent Under Contract ........................................
79.8%
39.1%
49.5%
57.6%
-27.8%
Average Median Price for Last 12 Months ........
$720,385
$881,833
$889,333
$841,308
16.8%
*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.
current market snapshot APR
$775
MAY
$938,000
JUN JUL
MEDIAN SALES PRICE
AUG
$449
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$938 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Studio City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$875,000
$990,000
$1,122,000
$1,270,000
45.1%
Average Price per Square Foot ...........................
$475
$489
$481
$527
10.9%
Properties Sold .......................................................
31
28
21
24
-22.6%
Properties Pending Sale .......................................
29
39
26
32
10.3%
Properties For Sale ................................................
59
89
67
91
54.2%
Days on Market (Pending Sale) ...........................
52
72
57
60
15.4%
Month’s Supply of Inventory ................................
1.9
3.2
3.2
3.8
99.2%
Percent Under Contract ........................................
49.2%
43.8%
38.8%
35.2%
-28.5%
Average Median Price for Last 12 Months ........
$872,154
$1,128,167
$1,165,000
$1,053,615
20.8%
*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.
current market snapshot APR
$875
MAY
$1,270,000
JUN JUL
MEDIAN SALES PRICE
AUG
$527
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sun Valley DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$308,000
$378,000
$350,000
$379,000
23.1%
Average Price per Square Foot ...........................
$216
$254
$257
$285
31.9%
Properties Sold .......................................................
24
24
12
19
-20.8%
Properties Pending Sale .......................................
15
26
13
19
26.7%
Properties For Sale ................................................
23
46
25
34
47.8%
Days on Market (Pending Sale) ...........................
36
62
87
74
105.6%
Month’s Supply of Inventory ................................
1
1.9
2.1
1.8
86.7%
Percent Under Contract ........................................
65.2%
56.5%
52.0%
55.9%
-14.3%
Average Median Price for Last 12 Months ........
$287,462
$388,167
$400,667
$365,615
27.2%
*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.
current market snapshot APR
$308
MAY
$379,000
JUN JUL
MEDIAN SALES PRICE
AUG
$285
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$379 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sunland/Tujunga DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$370,000
$425,000
$426,000
$467,000
26.2%
Average Price per Square Foot ...........................
$262
$313
$294
$308
17.6%
Properties Sold .......................................................
43
37
38
32
-25.6%
Properties Pending Sale .......................................
42
42
33
37
-11.9%
Properties For Sale ................................................
45
72
47
78
73.3%
Days on Market (Pending Sale) ...........................
54
48
71
46
-14.8%
Month’s Supply of Inventory ................................
1
1.9
1.2
2.4
132.9%
Percent Under Contract ........................................
93.3%
58.3%
70.2%
47.4%
-49.2%
Average Median Price for Last 12 Months ........
$353,154
$431,667
$436,000
$414,923
17.5%
*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.
current market snapshot APR
$370
MAY
$467,000
JUN JUL
MEDIAN SALES PRICE
AUG
$308
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$467 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Tarzana DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$723,000
$833,000
$833,000
$1,046,000
44.7%
Average Price per Square Foot ...........................
$281
$331
$334
$328
16.7%
Properties Sold .......................................................
27
26
20
30
11.1%
Properties Pending Sale .......................................
33
29
23
19
-42.4%
Properties For Sale ................................................
45
70
71
75
66.7%
Days on Market (Pending Sale) ...........................
77
49
70
77
0.0%
Month’s Supply of Inventory ................................
1.7
2.7
3.6
2.5
50.0%
Percent Under Contract ........................................
73.3%
41.4%
32.4%
25.3%
-65.5%
Average Median Price for Last 12 Months ........
$675,154
$806,167
$853,667
$808,769
19.8%
*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.
current market snapshot APR
$723
MAY
$1,046,000
JUN JUL
MEDIAN SALES PRICE
AUG
$328
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.046 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Toluca Lake DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,055,000
$1,170,000
$1,148,000
$1,272,000
20.6%
Average Price per Square Foot ...........................
$430
$534
$465
$579
34.7%
Properties Sold .......................................................
11
7
6
8
-27.3%
Properties Pending Sale .......................................
11
9
4
3
-72.7%
Properties For Sale ................................................
11
13
15
9
-18.2%
Days on Market (Pending Sale) ...........................
71
106
87
69
-2.8%
Month’s Supply of Inventory ................................
1
1.9
2.5
1.1
12.5%
Percent Under Contract ........................................
100.0%
69.2%
26.7%
33.3%
-66.7%
Average Median Price for Last 12 Months ........
$1,039,231
$1,070,333
$1,008,333
$1,019,846
-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.
current market snapshot APR
$1.055
MAY
$1,272,000
JUN JUL
MEDIAN SALES PRICE
AUG
$579
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.272 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Valley Village DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$595,000
$823,000
$751,000
$675,000
13.4%
Average Price per Square Foot ...........................
$378
$379
$364
$400
5.8%
Properties Sold .......................................................
7
15
12
10
42.9%
Properties Pending Sale .......................................
12
10
9
10
-16.7%
Properties For Sale ................................................
23
25
19
27
17.4%
Days on Market (Pending Sale) ...........................
45
44
73
57
26.7%
Month’s Supply of Inventory ................................
3.3
1.7
1.6
2.7
-17.8%
Percent Under Contract ........................................
52.2%
40.0%
47.4%
37.0%
-29.0%
Average Median Price for Last 12 Months ........
$635,923
$754,167
$718,000
$734,077
15.4%
*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.
current market snapshot APR
$595
MAY
$675,000
JUN JUL
MEDIAN SALES PRICE
AUG
$400
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Woodland Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$640,000
$653,000
$670,000
$710,000
10.9%
Average Price per Square Foot ...........................
$283
$295
$311
$312
10.2%
Properties Sold .......................................................
90
55
32
61
-32.2%
Properties Pending Sale .......................................
84
62
47
67
-20.2%
Properties For Sale ................................................
98
157
123
160
63.3%
Days on Market (Pending Sale) ...........................
69
72
61
63
-8.7%
Month’s Supply of Inventory ................................
1.1
2.9
3.8
2.6
140.9%
Percent Under Contract ........................................
85.7%
39.5%
38.2%
41.9%
-51.1%
Average Median Price for Last 12 Months ........
$549,692
$661,833
$670,000
$656,308
19.4%
*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.
current market snapshot APR
$640
MAY
$710,000
JUN JUL
MEDIAN SALES PRICE
AUG
$312
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$710 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$880,182
$845,818
$927,000
$947,455
7.6%
Average Price per Square Foot ...........................
$434
$466
$471
$527
21.4%
Properties Sold .......................................................
354
316
207
273
-22.9%
Properties Pending Sale .......................................
367
292
218
281
-23.4%
Properties For Sale ................................................
457
640
447
575
25.8%
Days on Market (Pending Sale) ...........................
43
50
60
39
-10.2%
Month’s Supply of Inventory ................................
1.3
2
2.2
2.1
63.2%
Percent Under Contract ........................................
80.3%
45.6%
48.8%
48.9%
-39.1%
Average Median Price for Last 12 Months ........
$756,608
$925,455
$967,152
$901,986
19.2%
*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.
current market snapshot APR
$880
MAY
$947,455
JUN JUL
MEDIAN SALES PRICE
AUG
$527
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$947 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Altadena DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$590,000
$550,000
$507,000
$550,000
-6.8%
Average Price per Square Foot ...........................
$360
$395
$388
$380
5.6%
Properties Sold .......................................................
38
36
28
33
-13.2%
Properties Pending Sale .......................................
38
41
22
37
-2.6%
Properties For Sale ................................................
53
54
47
42
-20.8%
Days on Market (Pending Sale) ...........................
60
39
60
48
-20.0%
Month’s Supply of Inventory ................................
1.4
1.5
1.7
1.3
-8.7%
Percent Under Contract ........................................
71.7%
75.9%
46.8%
88.1%
22.9%
Average Median Price for Last 12 Months ........
$485,077
$546,333
$546,667
$576,308
18.8%
*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.
current market snapshot APR
$590
MAY
$550,000
JUN JUL
MEDIAN SALES PRICE
AUG
$380
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Arcadia DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,008,000
$1,100,000
$1,780,000
$1,484,000
47.2%
Average Price per Square Foot ...........................
$506
$549
$589
$546
7.9%
Properties Sold .......................................................
46
43
25
36
-21.7%
Properties Pending Sale .......................................
47
38
37
33
-29.8%
Properties For Sale ................................................
66
104
81
105
59.1%
Days on Market (Pending Sale) ...........................
42
39
75
41
-2.4%
Month’s Supply of Inventory ................................
1.4
2.4
3.2
2.9
103.3%
Percent Under Contract ........................................
71.2%
36.5%
45.7%
31.4%
-55.9%
Average Median Price for Last 12 Months ........
$1,017,308
$1,492,833
$1,484,000
$1,339,231
31.6%
*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.
current market snapshot APR
$1.008
MAY
$1,484,000
JUN JUL
MEDIAN SALES PRICE
AUG
$546
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.484 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Duarte DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$368,000
$370,000
$330,000
$374,000
1.6%
Average Price per Square Foot ...........................
$275
$305
$301
$301
9.5%
Properties Sold .......................................................
29
15
12
14
-51.7%
Properties Pending Sale .......................................
15
14
20
19
26.7%
Properties For Sale ................................................
15
23
19
19
26.7%
Days on Market (Pending Sale) ...........................
42
41
34
39
-7.1%
Month’s Supply of Inventory ................................
0.5
1.5
1.6
1.4
162.4%
Percent Under Contract ........................................
100.0%
60.9%
105.3%
100.0%
0.0%
Average Median Price for Last 12 Months ........
$327,077
$403,833
$432,333
$395,692
21.0%
*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.
current market snapshot APR
$368
MAY
$374,000
JUN JUL
MEDIAN SALES PRICE
AUG
$301
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$374 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Eagle Rock DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$545,000
$585,000
$561,000
$697,000
27.9%
Average Price per Square Foot ...........................
$359
$443
$446
$396
10.3%
Properties Sold .......................................................
14
7
5
5
-64.3%
Properties Pending Sale .......................................
16
6
9
5
-68.8%
Properties For Sale ................................................
11
8
11
15
36.4%
Days on Market (Pending Sale) ...........................
48
43
35
52
8.3%
Month’s Supply of Inventory ................................
0.8
1.1
2.2
3
281.8%
Percent Under Contract ........................................
145.5%
75.0%
81.8%
33.3%
-77.1%
Average Median Price for Last 12 Months ........
$489,462
$621,833
$680,333
$596,538
21.9%
*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.
current market snapshot APR
$545
MAY
$697,000
JUN JUL
MEDIAN SALES PRICE
AUG
$396
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$697 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
La Canada Flintridge DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,350,000
$1,110,000
$1,483,000
$1,240,000
-8.1%
Average Price per Square Foot ...........................
$468
$579
$533
$541
15.6%
Properties Sold .......................................................
21
18
16
23
9.5%
Properties Pending Sale .......................................
19
25
13
27
42.1%
Properties For Sale ................................................
55
58
28
46
-16.4%
Days on Market (Pending Sale) ...........................
41
65
60
40
-2.4%
Month’s Supply of Inventory ................................
2.6
3.2
1.8
2
-23.6%
Percent Under Contract ........................................
34.5%
43.1%
46.4%
58.7%
69.9%
Average Median Price for Last 12 Months ........
$1,171,692
$1,313,000
$1,330,000
$1,283,615
9.6%
*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.
current market snapshot APR
$1.350
MAY
$1,240,000
JUN JUL
MEDIAN SALES PRICE
AUG
$541
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.240 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Monrovia DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$455,000
$560,000
$456,000
$595,000
30.8%
Average Price per Square Foot ...........................
$338
$357
$374
$373
10.4%
Properties Sold .......................................................
29
25
19
29
0.0%
Properties Pending Sale .......................................
28
23
18
30
7.1%
Properties For Sale ................................................
41
60
39
61
48.8%
Days on Market (Pending Sale) ...........................
55
69
65
33
-40.0%
Month’s Supply of Inventory ................................
1.4
2.4
2.1
2.1
48.8%
Percent Under Contract ........................................
68.3%
38.3%
46.2%
49.2%
-28.0%
Average Median Price for Last 12 Months ........
$488,154
$542,500
$569,667
$541,385
10.9%
*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.
current market snapshot APR
$455
MAY
$595,000
JUN JUL
MEDIAN SALES PRICE
AUG
$373
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Pasadena DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$695,000
$692,000
$625,000
$778,000
11.9%
Average Price per Square Foot ...........................
$462
$439
$436
$489
5.8%
Properties Sold .......................................................
117
98
53
78
-33.3%
Properties Pending Sale .......................................
123
84
52
79
-35.8%
Properties For Sale ................................................
120
199
136
179
49.2%
Days on Market (Pending Sale) ...........................
50
60
66
33
-34.0%
Month’s Supply of Inventory ................................
1
2
2.6
2.3
123.8%
Percent Under Contract ........................................
102.5%
42.2%
38.2%
44.1%
-56.9%
Average Median Price for Last 12 Months ........
$607,308
$697,167
$707,667
$701,769
15.6%
*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.
current market snapshot APR
$695
MAY
$778,000
JUN JUL
MEDIAN SALES PRICE
AUG
$489
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$778 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Gabriel DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$566,000
$643,000
$625,000
$613,000
8.3%
Average Price per Square Foot ...........................
$399
$364
$395
$431
8.0%
Properties Sold .......................................................
26
26
21
20
-23.1%
Properties Pending Sale .......................................
39
25
20
11
-71.8%
Properties For Sale ................................................
49
73
42
56
14.3%
Days on Market (Pending Sale) ...........................
46
57
62
35
-23.9%
Month’s Supply of Inventory ................................
1.9
2.8
2
2.8
48.6%
Percent Under Contract ........................................
79.6%
34.2%
47.6%
19.6%
-75.3%
Average Median Price for Last 12 Months ........
$534,000
$635,167
$649,667
$632,385
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$566
MAY
$613,000
JUN JUL
MEDIAN SALES PRICE
AUG
$431
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$613 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Marino DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,968,000
$1,725,000
$2,060,000
$2,118,000
7.6%
Average Price per Square Foot ...........................
$707
$724
$788
$858
21.4%
Properties Sold .......................................................
15
15
8
13
-13.3%
Properties Pending Sale .......................................
13
13
5
15
15.4%
Properties For Sale ................................................
14
17
10
11
-21.4%
Days on Market (Pending Sale) ...........................
20
35
41
19
-5.0%
Month’s Supply of Inventory ................................
0.9
1.1
1.2
0.8
-9.3%
Percent Under Contract ........................................
92.9%
76.5%
50.0%
136.4%
46.9%
Average Median Price for Last 12 Months ........
$1,608,615
$2,126,167
$2,325,667
$2,005,846
24.7%
*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.
current market snapshot APR
$1.968
MAY
$2,118,000
JUN JUL
MEDIAN SALES PRICE
AUG
$858
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
0.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.118 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sierra Madre DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,162,000
$910,000
$987,000
$802,000
-31.0%
Average Price per Square Foot ...........................
$407
$474
$398
$422
3.7%
Properties Sold .......................................................
4
13
9
6
50.0%
Properties Pending Sale .......................................
12
15
7
14
16.7%
Properties For Sale ................................................
18
26
17
23
27.8%
Days on Market (Pending Sale) ...........................
24
59
92
37
54.2%
Month’s Supply of Inventory ................................
4.5
2
1.9
3.8
-14.8%
Percent Under Contract ........................................
66.7%
57.7%
41.2%
60.9%
-8.7%
Average Median Price for Last 12 Months ........
$699,000
$858,167
$867,333
$872,462
24.8%
*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.
current market snapshot $1.162
APR MAY
$802,000
JUN JUL
MEDIAN SALES PRICE
AUG
$422
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$802 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
South Pasadena DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$975,000
$1,059,000
$783,000
$1,171,000
20.1%
Average Price per Square Foot ...........................
$496
$497
$532
$586
18.1%
Properties Sold .......................................................
15
20
11
16
6.7%
Properties Pending Sale .......................................
17
8
15
11
-35.3%
Properties For Sale ................................................
15
18
17
18
20.0%
Days on Market (Pending Sale) ...........................
44
47
65
47
6.8%
Month’s Supply of Inventory ................................
1
0.9
1.5
1.1
12.5%
Percent Under Contract ........................................
113.3%
44.4%
88.2%
61.1%
-46.1%
Average Median Price for Last 12 Months ........
$902,077
$943,000
$1,045,333
$976,615
8.3%
*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.
current market snapshot APR
$975
MAY
$1,171,000
JUN JUL
MEDIAN SALES PRICE
AUG
$586
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.171 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Orange County
Orange County Macro
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Ladera Ranch
San Clemente
Micro Market Report : April 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : April 2014
telesproperties.com
Orange County DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$625,000
$639,450
$640,000
$674,900
8.0%
Average Price per Square Foot ...........................
$366
$391
$369
$413
12.8%
Properties Sold .......................................................
1806
1470
1039
1575
-12.8%
Properties Pending Sale .......................................
2013
1577
1366
1776
-11.8%
Properties For Sale ................................................
5,194
6,775
5,475
6,692
28.8%
Days on Market (Pending Sale) ...........................
40
55
62
53
32.5%
Month’s Supply of Inventory ................................
2.9
4.6
5.3
4.2
47.7%
Percent Under Contract ........................................
38.8%
23.3%
24.9%
26.5%
-31.5%
Average Median Price for Last 12 Months ........
$546,000
$657,192
$663,300
$647,912
18.7%
*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.
current market snapshot APR
$625
MAY
$674,900
JUN JUL
MEDIAN SALES PRICE
AUG
$413
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$674 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Balboa Peninsula DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,350,000
$3,337,500
$3,550,000
$3,400,000
151.9%
Average Price per Square Foot ...........................
$667
$1,345
$1,012
$1,187
78.0%
Properties Sold .......................................................
8
4
1
5
-37.5%
Properties Pending Sale .......................................
7
8
2
7
0.0%
Properties For Sale ................................................
35
46
36
41
17.1%
Days on Market (Pending Sale) ...........................
77
135
106
68
-11.7%
Month’s Supply of Inventory ................................
4.4
11.5
36
8.2
87.4%
Percent Under Contract ........................................
20.0%
17.4%
5.6%
17.1%
-14.6%
Average Median Price for Last 12 Months ........
$1,920,000
$2,990,667
$2,923,000
$2,746,269
43.0%
*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.
current market snapshot APR
$1.350
MAY
$3,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,187
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,150,000
$1,900,000
$2,323,750
$2,907,500
35.2%
Average Price per Square Foot ...........................
$795
$849
$1,023
$1,066
34.1%
Properties Sold .......................................................
15
9
6
12
-20.0%
Properties Pending Sale .......................................
17
10
12
13
-23.5%
Properties For Sale ................................................
75
73
58
62
-17.3%
Days on Market (Pending Sale) ...........................
87
80
94
76
-12.6%
Month’s Supply of Inventory ................................
5
8.1
9.7
5.2
3.3%
Percent Under Contract ........................................
22.7%
13.7%
20.7%
21.0%
-7.5%
Average Median Price for Last 12 Months ........
$1,834,000
$2,752,125
$2,747,500
$2,498,231
36.2%
*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.
current market snapshot APR
$2.150
MAY
$2,907,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,066
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.907 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Coto de Caza DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,068,000
$1,280,000
$900,000
$1,274,500
19.3%
Average Price per Square Foot ...........................
$310
$347
$312
$313
1.0%
Properties Sold .......................................................
29
15
13
18
-37.9%
Properties Pending Sale .......................................
35
20
19
28
-20.0%
Properties For Sale ................................................
112
139
112
128
14.3%
Days on Market (Pending Sale) ...........................
51
61
134
99
94.1%
Month’s Supply of Inventory ................................
3.9
9.3
8.6
7.1
84.1%
Percent Under Contract ........................................
31.2%
14.4%
17.0%
21.9%
-30.0%
Average Median Price for Last 12 Months ........
$928,000
$1,122,167
$1,201,833
$1,092,208
17.7%
*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.
current market snapshot APR
$1.068
MAY
$1,274,500
JUN JUL
MEDIAN SALES PRICE
AUG
$313
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.274 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Crystal Cove DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$3,450,000
$3,800,000
$5,259,000
$4,400,000
27.5%
Average Price per Square Foot ...........................
$872
$965
$1,119
$1,207
38.4%
Properties Sold .......................................................
4
4
1
3
-25.0%
Properties Pending Sale .......................................
4
2
3
2
-50.0%
Properties For Sale ................................................
33
20
17
22
-33.3%
Days on Market (Pending Sale) ...........................
20
212
72
138
590.0%
Month’s Supply of Inventory ................................
8.2
5
17
7.3
-11.1%
Percent Under Contract ........................................
12.1%
10.0%
17.6%
9.1%
-25.0%
Average Median Price for Last 12 Months ........
$4,037,000
$4,445,500
$4,146,667
$4,554,654
12.8%
*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.
current market snapshot APR
$3.450
MAY
$4,400,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,207
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$4.400 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Dana Point DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$885,000
$1,000,000
$775,000
$980,000
10.7%
Average Price per Square Foot ...........................
$431
$558
$417
$527
22.3%
Properties Sold .......................................................
37
32
17
31
-16.2%
Properties Pending Sale .......................................
43
36
25
27
-37.2%
Properties For Sale ................................................
162
201
147
184
13.6%
Days on Market (Pending Sale) ...........................
80
84
78
63
-21.2%
Month’s Supply of Inventory ................................
4.4
6.3
8.6
5.9
35.6%
Percent Under Contract ........................................
26.5%
17.9%
17.0%
14.7%
-44.7%
Average Median Price for Last 12 Months ........
$745,000
$881,992
$934,817
$914,842
22.8%
*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.
current market snapshot APR
$885
MAY
$980,000
JUN JUL
MEDIAN SALES PRICE
AUG
$527
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$980 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
East Bluff - Harbor View DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,598,950
$1,493,750
$1,619,000
$1,652,000
3.3%
Average Price per Square Foot ...........................
$564
$574
$538
$693
22.9%
Properties Sold .......................................................
29
16
9
18
-37.9%
Properties Pending Sale .......................................
24
12
20
16
-33.3%
Properties For Sale ................................................
66
77
67
99
50.0%
Days on Market (Pending Sale) ...........................
93
59
57
35
-62.4%
Month’s Supply of Inventory ................................
2.3
4.8
7.4
5.5
141.7%
Percent Under Contract ........................................
36.4%
15.6%
29.9%
16.2%
-55.6%
Average Median Price for Last 12 Months ........
$1,368,000
$1,691,500
$1,684,000
$1,727,054
26.2%
*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.
current market snapshot APR
$1.598
MAY
$1,652,000
JUN JUL
MEDIAN SALES PRICE
AUG
$693
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.652 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
East Costa Mesa DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$880,000
$867,000
$845,000
$809,500
-8.0%
Average Price per Square Foot ...........................
$473
$498
$485
$488
3.2%
Properties Sold .......................................................
11
22
8
22
100.0%
Properties Pending Sale .......................................
17
15
15
22
29.4%
Properties For Sale ................................................
42
73
55
67
59.5%
Days on Market (Pending Sale) ...........................
52
54
54
58
11.5%
Month’s Supply of Inventory ................................
3.8
3.3
6.9
3
-20.2%
Percent Under Contract ........................................
40.5%
20.5%
27.3%
32.8%
-18.9%
Average Median Price for Last 12 Months ........
$719,000
$843,850
$823,833
$855,065
18.9%
*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.
current market snapshot APR
$880
MAY
$809,500
JUN JUL
MEDIAN SALES PRICE
AUG
$488
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$809 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Fountain Valley DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$660,000
$672,500
$650,000
$685,100
3.8%
Average Price per Square Foot ...........................
$293
$319
$341
$325
10.9%
Properties Sold .......................................................
35
26
23
21
-40.0%
Properties Pending Sale .......................................
32
25
19
26
-18.8%
Properties For Sale ................................................
66
82
67
69
4.5%
Days on Market (Pending Sale) ...........................
24
48
47
30
25.0%
Month’s Supply of Inventory ................................
1.9
3.2
2.9
3.3
74.2%
Percent Under Contract ........................................
48.5%
30.5%
28.4%
37.7%
-22.3%
Average Median Price for Last 12 Months ........
$578,000
$660,183
$662,033
$655,431
13.4%
*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.
current market snapshot APR
$660
MAY
$685,100
JUN JUL
MEDIAN SALES PRICE
AUG
$325
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$685 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Huntington Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$620,000
$735,000
$683,000
$740,350
19.4%
Average Price per Square Foot ...........................
$379
$418
$433
$412
8.7%
Properties Sold .......................................................
95
103
56
122
28.4%
Properties Pending Sale .......................................
120
94
78
124
3.3%
Properties For Sale ................................................
300
384
312
417
39.0%
Days on Market (Pending Sale) ...........................
46
51
50
47
2.2%
Month’s Supply of Inventory ................................
3.2
3.7
5.6
3.4
8.2%
Percent Under Contract ........................................
40.0%
24.5%
25.0%
29.7%
-25.7%
Average Median Price for Last 12 Months ........
$633,000
$734,642
$754,950
$720,065
13.8%
*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.
current market snapshot APR
$620
MAY
$740,350
JUN JUL
MEDIAN SALES PRICE
AUG
$412
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Irvine DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$842,500
$920,000
$848,500
$900,000
6.8%
Average Price per Square Foot ...........................
$405
$421
$427
$463
14.3%
Properties Sold .......................................................
118
91
56
91
-22.9%
Properties Pending Sale .......................................
105
76
83
99
-5.7%
Properties For Sale ................................................
256
357
299
386
50.8%
Days on Market (Pending Sale) ...........................
32
52
57
46
43.8%
Month’s Supply of Inventory ................................
2.2
3.9
5.3
4.2
95.5%
Percent Under Contract ........................................
41.0%
21.3%
27.8%
25.6%
-37.5%
Average Median Price for Last 12 Months ........
$785,000
$888,199
$920,833
$893,284
13.8%
*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.
current market snapshot APR
$842
MAY
$900,000
JUN JUL
MEDIAN SALES PRICE
AUG
$463
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Ladera Ranch DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$897,000
$820,000
$915,000
$721,000
-19.6%
Average Price per Square Foot ...........................
$290
$309
$326
$316
9.0%
Properties Sold .......................................................
30
13
21
20
-33.3%
Properties Pending Sale .......................................
42
26
27
34
-19.0%
Properties For Sale ................................................
102
128
88
142
39.2%
Days on Market (Pending Sale) ...........................
37
70
83
53
43.2%
Month’s Supply of Inventory ................................
3.4
9.8
4.2
7.1
108.8%
Percent Under Contract ........................................
41.2%
20.3%
30.7%
23.9%
-41.9%
Average Median Price for Last 12 Months ........
$728,000
$854,776
$817,051
$839,796
15.4%
*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.
current market snapshot $897
APR MAY
$721,000
JUN JUL
MEDIAN SALES PRICE
AUG
$316
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$721 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Laguna Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,560,700
$1,575,000
$1,722,500
$1,792,000
14.8%
Average Price per Square Foot ...........................
$981
$1,201
$993
$1,146
16.8%
Properties Sold .......................................................
33
24
12
42
27.3%
Properties Pending Sale .......................................
36
25
30
38
5.6%
Properties For Sale ................................................
228
249
216
257
12.7%
Days on Market (Pending Sale) ...........................
65
116
109
124
90.8%
Month’s Supply of Inventory ................................
6.9
10.4
18
6.1
-11.4%
Percent Under Contract ........................................
15.8%
10.0%
13.9%
14.8%
-6.4%
Average Median Price for Last 12 Months ........
$1,423,000
$1,969,917
$2,204,000
$1,801,958
26.6%
*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.
current market snapshot APR
$1.560
MAY
$1,792,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,146
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.792 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Laguna Niguel DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$760,000
$867,900
$790,000
$756,500
-0.5%
Average Price per Square Foot ...........................
$364
$396
$385
$386
6.0%
Properties Sold .......................................................
71
45
31
56
-21.1%
Properties Pending Sale .......................................
71
36
40
66
-7.0%
Properties For Sale ................................................
195
208
202
290
48.7%
Days on Market (Pending Sale) ...........................
42
52
62
60
42.9%
Month’s Supply of Inventory ................................
2.7
4.6
6.5
5.2
88.6%
Percent Under Contract ........................................
36.4%
17.3%
19.8%
22.8%
-37.5%
Average Median Price for Last 12 Months ........
$663,000
$778,833
$774,333
$785,008
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$760
MAY
$756,500
JUN JUL
MEDIAN SALES PRICE
AUG
$386
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$756 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Laguna Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$750,000
$750,000
$632,500
$629,900
-16.0%
Average Price per Square Foot ...........................
$329
$326
$333
$330
0.3%
Properties Sold .......................................................
31
11
10
19
-38.7%
Properties Pending Sale .......................................
17
24
16
24
41.2%
Properties For Sale ................................................
58
96
67
109
87.9%
Days on Market (Pending Sale) ...........................
66
58
64
28
-57.6%
Month’s Supply of Inventory ................................
1.9
8.7
6.7
5.7
206.6%
Percent Under Contract ........................................
29.3%
25.0%
23.9%
22.0%
-24.9%
Average Median Price for Last 12 Months ........
$646,000
$692,067
$696,633
$701,377
8.6%
*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.
current market snapshot $750
APR MAY
$629,900
JUN JUL
MEDIAN SALES PRICE
AUG
$330
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$629 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Laguna Woods DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$0
$660,000
$483,000
$0
0%
Average Price per Square Foot ...........................
$0
$440
$287
$0
0%
Properties Sold .......................................................
0
1
1
0
0%
Properties Pending Sale .......................................
0
1
0
0
0%
Properties For Sale ................................................
1
2
0
0
-100.0%
Days on Market (Pending Sale) ...........................
0
3
0
0
0%
Month’s Supply of Inventory ................................
0
2
0
0
0%
Percent Under Contract ........................................
0.0%
50.0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$582,000
$647,333
$772,000
$621,250
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
No sales MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,050,000
$2,915,000
$2,800,000
$3,600,000
75.6%
Average Price per Square Foot ...........................
$1,630
$1,020
$1,090
$1,045
-35.9%
Properties Sold .......................................................
9
4
3
3
-66.7%
Properties Pending Sale .......................................
3
4
4
8
166.7%
Properties For Sale ................................................
38
37
36
50
31.6%
Days on Market (Pending Sale) ...........................
75
110
68
8
-89.3%
Month’s Supply of Inventory ................................
4.2
9.2
12
16.7
294.7%
Percent Under Contract ........................................
7.9%
10.8%
11.1%
16.0%
102.7%
Average Median Price for Last 12 Months ........
$2,317,000
$2,989,542
$3,654,167
$2,839,981
22.6%
*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.
current market snapshot APR
$2.050
MAY
$3,600,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,045
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
16.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Mission Viejo DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$585,000
$617,500
$599,500
$655,000
12.0%
Average Price per Square Foot ...........................
$297
$303
$310
$333
12.1%
Properties Sold .......................................................
101
82
62
75
-25.7%
Properties Pending Sale .......................................
97
89
72
90
-7.2%
Properties For Sale ................................................
205
319
221
281
37.1%
Days on Market (Pending Sale) ...........................
27
53
61
44
63.0%
Month’s Supply of Inventory ................................
2
3.9
3.6
3.7
84.6%
Percent Under Contract ........................................
47.3%
27.9%
32.6%
32.0%
-32.3%
Average Median Price for Last 12 Months ........
$530,000
$634,583
$633,000
$621,731
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.
current market snapshot APR
$585
MAY
$655,000
JUN JUL
MEDIAN SALES PRICE
AUG
$333
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$655 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Newport Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,599,500
$1,850,000
$1,965,000
$1,887,000
18.0%
Average Price per Square Foot ...........................
$712
$654
$698
$824
15.7%
Properties Sold .......................................................
72
42
25
54
-25.0%
Properties Pending Sale .......................................
53
57
43
65
22.6%
Properties For Sale ................................................
244
312
241
343
40.6%
Days on Market (Pending Sale) ...........................
80
112
73
72
-10.0%
Month’s Supply of Inventory ................................
3.4
7.4
9.6
6.4
87.4%
Percent Under Contract ........................................
21.7%
18.3%
17.8%
19.0%
-12.8%
Average Median Price for Last 12 Months ........
$1,472,000
$1,824,417
$1,795,500
$1,777,212
20.7%
*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.
current market snapshot APR
$1.599
MAY
$1,887,000
JUN JUL
MEDIAN SALES PRICE
AUG
$824
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.887 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Newport Coast DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$3,000,000
$2,435,000
$4,215,000
$3,850,000
28.3%
Average Price per Square Foot ...........................
$745
$792
$861
$908
21.9%
Properties Sold .......................................................
23
17
10
11
-52.2%
Properties Pending Sale .......................................
25
18
11
9
-64.0%
Properties For Sale ................................................
92
91
67
96
4.3%
Days on Market (Pending Sale) ...........................
69
73
70
67
-2.9%
Month’s Supply of Inventory ................................
4
5.4
6.7
8.7
118.2%
Percent Under Contract ........................................
27.2%
19.8%
16.4%
9.4%
-65.5%
Average Median Price for Last 12 Months ........
$2,440,000
$3,035,833
$3,082,500
$2,905,731
19.1%
*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.
current market snapshot APR
$3.000
MAY
$3,850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$908
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
8.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Newport Heights DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,120,000
$1,682,500
$2,016,500
$2,100,000
-0.9%
Average Price per Square Foot ...........................
$566
$799
$568
$791
39.8%
Properties Sold .......................................................
6
6
2
11
83.3%
Properties Pending Sale .......................................
3
10
2
11
266.7%
Properties For Sale ................................................
27
39
22
30
11.1%
Days on Market (Pending Sale) ...........................
26
86
118
53
103.8%
Month’s Supply of Inventory ................................
4.5
6.5
11
2.7
-39.4%
Percent Under Contract ........................................
11.1%
25.6%
9.1%
36.7%
230.0%
Average Median Price for Last 12 Months ........
$1,419,000
$1,712,385
$1,663,333
$1,608,601
13.4%
*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.
current market snapshot APR
$2.120
MAY
$2,100,000
JUN JUL
MEDIAN SALES PRICE
AUG
$791
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Rancho Santa Margarita DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$580,000
$637,500
$635,000
$660,000
13.8%
Average Price per Square Foot ...........................
$289
$309
$297
$311
7.6%
Properties Sold .......................................................
42
46
27
37
-11.9%
Properties Pending Sale .......................................
48
39
43
36
-25.0%
Properties For Sale ................................................
90
146
112
137
52.2%
Days on Market (Pending Sale) ...........................
39
53
47
62
59.0%
Month’s Supply of Inventory ................................
2.1
3.2
4.1
3.7
72.8%
Percent Under Contract ........................................
53.3%
26.7%
38.4%
26.3%
-50.7%
Average Median Price for Last 12 Months ........
$548,000
$641,417
$657,333
$636,363
16.1%
*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.
current market snapshot APR
$580
MAY
$660,000
JUN JUL
MEDIAN SALES PRICE
AUG
$311
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Clemente DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$810,000
$781,000
$768,000
$817,000
0.9%
Average Price per Square Foot ...........................
$316
$411
$326
$397
25.6%
Properties Sold .......................................................
71
45
41
63
-11.3%
Properties Pending Sale .......................................
65
58
50
62
-4.6%
Properties For Sale ................................................
225
307
231
283
25.8%
Days on Market (Pending Sale) ...........................
52
70
53
62
19.2%
Month’s Supply of Inventory ................................
3.2
6.8
5.6
4.5
41.7%
Percent Under Contract ........................................
28.9%
18.9%
21.6%
21.9%
-24.2%
Average Median Price for Last 12 Months ........
$719,000
$811,833
$811,000
$818,615
13.9%
*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.
current market snapshot APR
$810
MAY
$817,000
JUN JUL
MEDIAN SALES PRICE
AUG
$397
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$817 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
San Juan Capistrano DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$730,000
$637,500
$756,000
$530,000
-27.4%
Average Price per Square Foot ...........................
$291
$333
$329
$345
18.6%
Properties Sold .......................................................
23
24
26
23
0.0%
Properties Pending Sale .......................................
39
21
24
35
-10.3%
Properties For Sale ................................................
116
152
124
136
17.2%
Days on Market (Pending Sale) ...........................
66
76
94
91
37.9%
Month’s Supply of Inventory ................................
5
6.3
4.8
5.9
17.2%
Percent Under Contract ........................................
33.6%
13.8%
19.4%
25.7%
-23.5%
Average Median Price for Last 12 Months ........
$637,000
$889,750
$985,000
$842,515
32.3%
*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.
current market snapshot APR
$730
MAY
$530,000
JUN JUL
MEDIAN SALES PRICE
AUG
$345
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$530 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Shady Canyon DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$4,537,500
$0
$0
$3,850,000
-15.2%
Average Price per Square Foot ...........................
$798
$0
$0
$802
0.5%
Properties Sold .......................................................
2
0
0
1
-50.0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
11
8
8
4
-63.6%
Days on Market (Pending Sale) ...........................
235
0
0
0
-100.0%
Month’s Supply of Inventory ................................
5.5
0
0
4
-27.3%
Percent Under Contract ........................................
9.1%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,601,000
$5,256,333
$4,734,500
$5,517,750
19.9%
*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.
current market snapshot APR
$4.537
MAY
$3,850,000
JUN JUL
MEDIAN SALES PRICE
AUG
$802
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Turtle Ridge DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,965,000
$2,620,000
$2,282,596
$2,693,400
37.1%
Average Price per Square Foot ...........................
$549
$661
$642
$707
28.8%
Properties Sold .......................................................
5
3
3
2
-60.0%
Properties Pending Sale .......................................
6
2
2
2
-66.7%
Properties For Sale ................................................
21
25
26
32
52.4%
Days on Market (Pending Sale) ...........................
49
96
102
36
-26.5%
Month’s Supply of Inventory ................................
4.2
8.3
8.7
16
281.0%
Percent Under Contract ........................................
28.6%
8.0%
7.7%
6.2%
-78.1%
Average Median Price for Last 12 Months ........
$2,022,000
$2,429,749
$2,522,800
$2,331,458
15.3%
*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.
current market snapshot APR
$1.965
MAY
$2,693,400
JUN JUL
MEDIAN SALES PRICE
AUG
$707
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
16 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.693 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Turtle Rock DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,198,000
$1,749,000
$1,600,888
$0
-100.0%
Average Price per Square Foot ...........................
$471
$624
$552
$0
-100.0%
Properties Sold .......................................................
1
2
1
0
-100.0%
Properties Pending Sale .......................................
1
2
0
0
-100.0%
Properties For Sale ................................................
7
10
4
4
-42.9%
Days on Market (Pending Sale) ...........................
76
66
0
0
-100.0%
Month’s Supply of Inventory ................................
7
5
4
0
0%
Percent Under Contract ........................................
14.3%
20.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,062,000
$1,993,629
$1,390,000
$1,523,449
43.5%
*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.
current market snapshot APR
$1.198
MAY
No sales
JUN JUL
MEDIAN SALES PRICE
AUG
No sales
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
No sales MONTH’S SUPPLY OF INVENTORY
FEB MAR APR M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Westminster DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$490,000
$496,000
$497,000
$547,500
11.7%
Average Price per Square Foot ...........................
$278
$311
$347
$275
-1.1%
Properties Sold .......................................................
30
43
19
38
26.7%
Properties Pending Sale .......................................
42
38
31
28
-33.3%
Properties For Sale ................................................
93
113
107
120
29.0%
Days on Market (Pending Sale) ...........................
31
41
37
40
29.0%
Month’s Supply of Inventory ................................
3.1
2.6
5.6
3.2
1.9%
Percent Under Contract ........................................
45.2%
33.6%
29.0%
23.3%
-48.3%
Average Median Price for Last 12 Months ........
$418,000
$516,917
$527,333
$506,769
21.2%
*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.
current market snapshot APR
$490
MAY
$547,500
JUN JUL
MEDIAN SALES PRICE
AUG
$275
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$547 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,580,000
$1,730,000
$1,850,000
$1,350,000
-14.6%
Average Price per Square Foot ...........................
$548
$427
$516
$587
7.1%
Properties Sold .......................................................
16
6
4
11
-31.2%
Properties Pending Sale .......................................
9
15
6
9
0.0%
Properties For Sale ................................................
32
57
40
60
87.5%
Days on Market (Pending Sale) ...........................
63
64
102
68
7.9%
Month’s Supply of Inventory ................................
2
9.5
10
5.5
172.7%
Percent Under Contract ........................................
28.1%
26.3%
15.0%
15.0%
-46.7%
Average Median Price for Last 12 Months ........
$1,243,000
$1,542,667
$1,496,167
$1,481,115
19.2%
*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.
current market snapshot APR
$1.580
MAY
$1,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$587
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West Newport - Lido DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,670,000
$1,787,500
$1,590,000
$2,447,500
46.6%
Average Price per Square Foot ...........................
$983
$738
$991
$1,250
27.2%
Properties Sold .......................................................
4
6
6
6
50.0%
Properties Pending Sale .......................................
7
8
9
14
100.0%
Properties For Sale ................................................
45
56
40
63
40.0%
Days on Market (Pending Sale) ...........................
87
285
73
84
-3.4%
Month’s Supply of Inventory ................................
11.2
9.3
6.7
10.5
-6.7%
Percent Under Contract ........................................
15.6%
14.3%
22.5%
22.2%
42.9%
Average Median Price for Last 12 Months ........
$1,749,000
$2,013,192
$2,353,167
$1,993,550
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$1.670
MAY
$2,447,500
JUN JUL
MEDIAN SALES PRICE
AUG
$1,250
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10.5 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.447 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : April 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : April 2014
telesproperties.com
Carpinteria DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$799,000
$942,999
$840,730
$845,000
5.8%
Average Price per Square Foot ...........................
$435
$621
$630
$1,283
194.9%
Properties Sold .......................................................
7
11
1
5
-28.6%
Properties Pending Sale .......................................
11
10
2
4
-63.6%
Properties For Sale ................................................
58
50
34
33
-43.1%
Days on Market (Pending Sale) ...........................
30
73
15
85
183.3%
Month’s Supply of Inventory ................................
8.3
4.5
34
6.6
-20.3%
Percent Under Contract ........................................
19.0%
20.0%
5.9%
12.1%
-36.1%
Average Median Price for Last 12 Months ........
$1,139,000
$1,421,788
$1,540,333
$1,092,592
-4.1%
*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.
current market snapshot APR
$799
MAY
$845,000
JUN JUL
MEDIAN SALES PRICE
AUG
$1,283
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Goleta DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$810,000
$773,000
$899,000
$765,000
-5.6%
Average Price per Square Foot ...........................
$467
$392
$525
$487
4.3%
Properties Sold .......................................................
9
9
5
13
44.4%
Properties Pending Sale .......................................
11
8
6
10
-9.1%
Properties For Sale ................................................
28
30
20
18
-35.7%
Days on Market (Pending Sale) ...........................
11
39
46
48
336.4%
Month’s Supply of Inventory ................................
3.1
3.3
4
1.4
-55.5%
Percent Under Contract ........................................
39.3%
26.7%
30.0%
55.6%
41.4%
Average Median Price for Last 12 Months ........
$673,000
$798,583
$785,000
$774,125
15.0%
*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.
current market snapshot APR
$810
MAY
$765,000
JUN JUL
MEDIAN SALES PRICE
AUG
$487
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
1.4 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Hope Ranch DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$3,793,458
$3,500,000
$3,640,000
$3,250,000
-14.3%
Average Price per Square Foot ...........................
$711
$1,056
$999
$590
-17.0%
Properties Sold .......................................................
3
1
2
3
0.0%
Properties Pending Sale .......................................
4
1
4
4
0.0%
Properties For Sale ................................................
31
38
33
37
19.4%
Days on Market (Pending Sale) ...........................
28
263
118
368
1214.3%
Month’s Supply of Inventory ................................
10.3
38
16.5
12.3
19.4%
Percent Under Contract ........................................
12.9%
2.6%
12.1%
10.8%
-16.2%
Average Median Price for Last 12 Months ........
$2,647,000
$3,660,125
$4,043,583
$3,064,247
15.8%
*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.
current market snapshot APR
$3.793
MAY
$3,250,000
JUN JUL
MEDIAN SALES PRICE
AUG
$590
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
12.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$3.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Montecito DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,264,500
$2,492,000
$2,165,000
$2,987,500
31.9%
Average Price per Square Foot ...........................
$781
$1,033
$822
$957
22.5%
Properties Sold .......................................................
20
14
19
20
0.0%
Properties Pending Sale .......................................
25
12
10
24
-4.0%
Properties For Sale ................................................
214
189
144
183
-14.5%
Days on Market (Pending Sale) ...........................
71
116
78
82
15.5%
Month’s Supply of Inventory ................................
10.7
13.5
7.6
9.2
-14.5%
Percent Under Contract ........................................
11.7%
6.3%
6.9%
13.1%
12.3%
Average Median Price for Last 12 Months ........
$2,280,000
$2,371,042
$2,569,167
$2,395,019
5.0%
*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.
current market snapshot APR
$2.264
MAY
$2,987,500
JUN JUL
MEDIAN SALES PRICE
AUG
$957
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
9.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$2.987 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Barbara East of State DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$982,500
$1,050,000
$1,112,500
$1,150,000
17.0%
Average Price per Square Foot ...........................
$540
$576
$573
$675
25.0%
Properties Sold .......................................................
40
26
26
25
-37.5%
Properties Pending Sale .......................................
34
26
16
41
20.6%
Properties For Sale ................................................
134
137
92
127
-5.2%
Days on Market (Pending Sale) ...........................
38
61
77
54
42.1%
Month’s Supply of Inventory ................................
3.4
5.3
3.5
5.1
51.6%
Percent Under Contract ........................................
25.4%
19.0%
17.4%
32.3%
27.2%
Average Median Price for Last 12 Months ........
$907,000
$1,166,750
$1,237,667
$1,096,106
20.8%
*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.
current market snapshot APR
$982
MAY
$1,150,000
JUN JUL
MEDIAN SALES PRICE
AUG
$675
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Barbara West of State DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$800,000
$942,500
$1,055,000
$967,500
20.9%
Average Price per Square Foot ...........................
$550
$556
$616
$641
16.5%
Properties Sold .......................................................
31
20
20
18
-41.9%
Properties Pending Sale .......................................
32
19
15
26
-18.8%
Properties For Sale ................................................
81
76
55
71
-12.3%
Days on Market (Pending Sale) ...........................
33
47
25
39
18.2%
Month’s Supply of Inventory ................................
2.6
3.8
2.8
3.9
51.0%
Percent Under Contract ........................................
39.5%
25.0%
27.3%
36.6%
-7.3%
Average Median Price for Last 12 Months ........
$698,000
$930,917
$940,833
$911,308
30.6%
*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.
current market snapshot APR
$800
MAY
$967,500
JUN JUL
MEDIAN SALES PRICE
AUG
$641
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$967 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Ynez DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$717,500
$656,000
$992,500
$582,500
-18.8%
Average Price per Square Foot ...........................
$472
$316
$588
$297
-37.1%
Properties Sold .......................................................
6
5
4
7
16.7%
Properties Pending Sale .......................................
13
2
12
12
-7.7%
Properties For Sale ................................................
99
118
103
118
19.2%
Days on Market (Pending Sale) ...........................
106
44
73
97
-8.5%
Month’s Supply of Inventory ................................
16.5
23.6
25.8
16.9
2.2%
Percent Under Contract ........................................
13.1%
1.7%
11.7%
10.2%
-22.6%
Average Median Price for Last 12 Months ........
$694,000
$694,667
$652,500
$669,769
-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.
current market snapshot $717
APR MAY
$582,500
JUN JUL
MEDIAN SALES PRICE
AUG
$297
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
16.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$582 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : April 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : April 2014
telesproperties.com
Carmel DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$1,775,000
$1,050,000
$1,816,875
$1,395,000
-21.4%
Average Price per Square Foot ...........................
$858
$772
$1,081
$878
2.3%
Properties Sold .......................................................
26
11
12
20
-23.1%
Properties Pending Sale .......................................
27
17
22
36
33.3%
Properties For Sale ................................................
162
166
146
156
-3.7%
Days on Market (Pending Sale) ...........................
54
174
109
70
29.6%
Month’s Supply of Inventory ................................
6.2
15.1
12.2
7.8
25.2%
Percent Under Contract ........................................
16.7%
10.2%
15.1%
23.1%
38.5%
Average Median Price for Last 12 Months ........
$1,198,000
$1,469,063
$1,410,833
$1,350,356
12.7%
*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.
current market snapshot $1.775
APR MAY
$1,395,000
JUN JUL
MEDIAN SALES PRICE
AUG
$878
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
7.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.395 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Carmel Valley DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$755,000
$1,058,500
$1,150,000
$832,000
10.2%
Average Price per Square Foot ...........................
$348
$423
$453
$516
48.3%
Properties Sold .......................................................
15
6
5
16
6.7%
Properties Pending Sale .......................................
14
10
11
17
21.4%
Properties For Sale ................................................
91
120
89
95
4.4%
Days on Market (Pending Sale) ...........................
115
95
159
90
-21.7%
Month’s Supply of Inventory ................................
6.1
20
17.8
5.9
-2.1%
Percent Under Contract ........................................
15.4%
8.3%
12.4%
17.9%
16.3%
Average Median Price for Last 12 Months ........
$840,000
$1,126,375
$1,081,083
$985,096
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.
current market snapshot APR
$755
MAY
$832,000
JUN JUL
MEDIAN SALES PRICE
AUG
$516
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$832 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Pacific Grove DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$690,000
$727,900
$772,250
$725,000
5.1%
Average Price per Square Foot ...........................
$518
$575
$538
$538
3.9%
Properties Sold .......................................................
19
15
14
15
-21.1%
Properties Pending Sale .......................................
17
11
5
21
23.5%
Properties For Sale ................................................
62
56
50
63
1.6%
Days on Market (Pending Sale) ...........................
64
80
26
67
4.7%
Month’s Supply of Inventory ................................
3.3
3.7
3.6
4.2
28.7%
Percent Under Contract ........................................
27.4%
19.6%
10.0%
33.3%
21.6%
Average Median Price for Last 12 Months ........
$613,000
$736,159
$716,734
$712,835
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot APR
$690
MAY
$725,000
JUN JUL
MEDIAN SALES PRICE
AUG
$538
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Pebble Beach DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$2,500,000
$1,130,000
$1,918,000
$1,350,000
-46.0%
Average Price per Square Foot ...........................
$588
$589
$744
$595
1.2%
Properties Sold .......................................................
5
9
6
11
120.0%
Properties Pending Sale .......................................
6
5
14
13
116.7%
Properties For Sale ................................................
87
93
85
75
-13.8%
Days on Market (Pending Sale) ...........................
68
67
134
106
55.9%
Month’s Supply of Inventory ................................
17.4
10.3
14.2
6.8
-60.8%
Percent Under Contract ........................................
6.9%
5.4%
16.5%
17.3%
151.3%
Average Median Price for Last 12 Months ........
$1,261,000
$1,522,038
$1,395,500
$1,531,133
21.4%
*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.
current market snapshot $2.500
APR MAY
$1,350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$595
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : April 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : April 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$488,550
$754,500
$495,000
$730,000
49.4%
Average Price per Square Foot ...........................
$452
$481
$524
$503
11.3%
Properties Sold .......................................................
4
14
5
9
125.0%
Properties Pending Sale .......................................
5
7
6
6
20.0%
Properties For Sale ................................................
17
40
25
29
70.6%
Days on Market (Pending Sale) ...........................
42
31
88
28
-33.3%
Month’s Supply of Inventory ................................
4.2
2.9
5
3.2
-24.2%
Percent Under Contract ........................................
29.4%
17.5%
24.0%
20.7%
-29.7%
Average Median Price for Last 12 Months ........
$523,000
$702,000
$714,833
$659,504
26.1%
*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.
current market snapshot APR
$488
MAY
$730,000
JUN JUL
MEDIAN SALES PRICE
AUG
$503
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$730 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Beverly Hills DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$905,000
$1,067,500
$1,250,000
$1,015,000
12.2%
Average Price per Square Foot ...........................
$512
$505
$1,214
$612
19.5%
Properties Sold .......................................................
11
8
5
9
-18.2%
Properties Pending Sale .......................................
12
5
10
15
25.0%
Properties For Sale ................................................
42
48
50
52
23.8%
Days on Market (Pending Sale) ...........................
80
30
65
70
-12.5%
Month’s Supply of Inventory ................................
3.8
6
10
5.8
51.3%
Percent Under Contract ........................................
28.6%
10.4%
20.0%
28.8%
1.0%
Average Median Price for Last 12 Months ........
$895,000
$1,036,750
$1,051,000
$964,808
7.8%
*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.
current market snapshot APR
$905
MAY
$1,015,000
JUN JUL
MEDIAN SALES PRICE
AUG
$612
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.015 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Brentwood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$670,625
$715,000
$818,500
$803,500
19.8%
Average Price per Square Foot ...........................
$517
$492
$483
$524
1.4%
Properties Sold .......................................................
22
14
10
17
-22.7%
Properties Pending Sale .......................................
25
12
14
22
-12.0%
Properties For Sale ................................................
81
73
56
78
-3.7%
Days on Market (Pending Sale) ...........................
48
55
42
40
-16.7%
Month’s Supply of Inventory ................................
3.7
5.2
5.6
4.6
24.6%
Percent Under Contract ........................................
30.9%
16.4%
25.0%
28.2%
-8.6%
Average Median Price for Last 12 Months ........
$663,000
$762,917
$797,167
$722,429
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.
current market snapshot APR
$670
MAY
$803,500
JUN JUL
MEDIAN SALES PRICE
AUG
$524
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$803 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Culver City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$335,000
$367,500
$377,000
$350,000
4.5%
Average Price per Square Foot ...........................
$328
$410
$387
$370
12.8%
Properties Sold .......................................................
13
12
8
14
7.7%
Properties Pending Sale .......................................
18
12
12
14
-22.2%
Properties For Sale ................................................
30
36
41
46
53.3%
Days on Market (Pending Sale) ...........................
18
30
19
20
11.1%
Month’s Supply of Inventory ................................
2.3
3
5.1
3.3
42.4%
Percent Under Contract ........................................
60.0%
33.3%
29.3%
30.4%
-49.3%
Average Median Price for Last 12 Months ........
$320,000
$411,250
$407,167
$399,505
24.8%
*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.
current market snapshot APR
$335
MAY
$350,000
JUN JUL
MEDIAN SALES PRICE
AUG
$370
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.3 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Encino DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$230,000
$266,000
$255,000
$329,000
43.0%
Average Price per Square Foot ...........................
$207
$257
$243
$255
23.2%
Properties Sold .......................................................
21
14
11
20
-4.8%
Properties Pending Sale .......................................
25
9
16
20
-20.0%
Properties For Sale ................................................
13
32
37
51
292.3%
Days on Market (Pending Sale) ...........................
66
29
65
50
-24.2%
Month’s Supply of Inventory ................................
0.6
2.3
3.4
2.6
311.9%
Percent Under Contract ........................................
192.3%
28.1%
43.2%
39.2%
-79.6%
Average Median Price for Last 12 Months ........
$223,308
$304,500
$329,667
$289,615
29.7%
*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.
current market snapshot APR
$230
MAY
$329,000
JUN JUL
MEDIAN SALES PRICE
AUG
$255
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$329 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Malibu DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$502,000
$980,000
$499,000
$1,075,000
114.1%
Average Price per Square Foot ...........................
$407
$558
$441
$812
99.5%
Properties Sold .......................................................
4
4
3
2
-50.0%
Properties Pending Sale .......................................
2
2
1
5
150.0%
Properties For Sale ................................................
21
26
20
20
-4.8%
Days on Market (Pending Sale) ...........................
156
78
72
37
-76.3%
Month’s Supply of Inventory ................................
5.2
6.5
6.7
10
90.5%
Percent Under Contract ........................................
9.5%
7.7%
5.0%
25.0%
162.5%
Average Median Price for Last 12 Months ........
$660,000
$746,200
$826,167
$720,591
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.
current market snapshot APR
$502
MAY
$1,075,000
JUN JUL
MEDIAN SALES PRICE
AUG
$812
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
10 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.075 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Marina Del Rey DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$720,500
$770,000
$719,900
$765,000
6.2%
Average Price per Square Foot ...........................
$506
$570
$640
$591
16.8%
Properties Sold .......................................................
22
22
17
25
13.6%
Properties Pending Sale .......................................
27
28
18
33
22.2%
Properties For Sale ................................................
127
168
128
141
11.0%
Days on Market (Pending Sale) ...........................
45
48
80
76
68.9%
Month’s Supply of Inventory ................................
5.8
7.6
7.5
5.6
-2.3%
Percent Under Contract ........................................
21.3%
16.7%
14.1%
23.4%
10.1%
Average Median Price for Last 12 Months ........
$614,000
$716,150
$739,833
$734,562
19.6%
*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.
current market snapshot APR
$720
MAY
$765,000
JUN JUL
MEDIAN SALES PRICE
AUG
$591
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
5.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Santa Monica DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$685,000
$787,000
$775,000
$767,500
12.0%
Average Price per Square Foot ...........................
$644
$704
$811
$715
11.0%
Properties Sold .......................................................
34
32
17
42
23.5%
Properties Pending Sale .......................................
32
35
32
42
31.2%
Properties For Sale ................................................
79
119
106
135
70.9%
Days on Market (Pending Sale) ...........................
50
34
60
39
-22.0%
Month’s Supply of Inventory ................................
2.3
3.7
6.2
3.2
38.3%
Percent Under Contract ........................................
40.5%
29.4%
30.2%
31.1%
-23.2%
Average Median Price for Last 12 Months ........
$714,000
$748,758
$739,933
$774,619
8.5%
*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.
current market snapshot APR
$685
MAY
$767,500
JUN JUL
MEDIAN SALES PRICE
AUG
$715
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$767 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Sherman Oaks DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$330,000
$365,000
$450,000
$375,000
13.6%
Average Price per Square Foot ...........................
$260
$295
$304
$312
20.0%
Properties Sold .......................................................
13
21
15
18
38.5%
Properties Pending Sale .......................................
25
19
13
26
4.0%
Properties For Sale ................................................
21
36
34
52
147.6%
Days on Market (Pending Sale) ...........................
42
53
50
52
23.8%
Month’s Supply of Inventory ................................
1.6
1.7
2.3
2.9
78.8%
Percent Under Contract ........................................
119.0%
52.8%
38.2%
50.0%
-58.0%
Average Median Price for Last 12 Months ........
$302,077
$396,833
$385,667
$378,769
25.4%
*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.
current market snapshot APR
$330
MAY
$375,000
JUN JUL
MEDIAN SALES PRICE
AUG
$312
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.9 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$375 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Studio City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$400,000
$450,000
$525,000
$450,000
12.5%
Average Price per Square Foot ...........................
$281
$351
$397
$396
40.9%
Properties Sold .......................................................
5
16
6
8
60.0%
Properties Pending Sale .......................................
19
10
11
6
-68.4%
Properties For Sale ................................................
21
24
24
33
57.1%
Days on Market (Pending Sale) ...........................
24
50
54
77
220.8%
Month’s Supply of Inventory ................................
4.2
1.5
4
4.1
-1.8%
Percent Under Contract ........................................
90.5%
41.7%
45.8%
18.2%
-79.9%
Average Median Price for Last 12 Months ........
$409,692
$461,833
$453,000
$459,769
12.2%
*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.
current market snapshot APR
$400
MAY
$450,000
JUN JUL
MEDIAN SALES PRICE
AUG
$396
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.1 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Venice DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$957,500
$1,062,500
$0
$1,101,300
15.0%
Average Price per Square Foot ...........................
$597
$631
$0
$786
31.7%
Properties Sold .......................................................
2
4
0
5
150.0%
Properties Pending Sale .......................................
9
7
5
2
-77.8%
Properties For Sale ................................................
17
20
13
13
-23.5%
Days on Market (Pending Sale) ...........................
22
44
95
6
-72.7%
Month’s Supply of Inventory ................................
8.5
5
0
2.6
-69.4%
Percent Under Contract ........................................
52.9%
35.0%
38.5%
15.4%
-70.9%
Average Median Price for Last 12 Months ........
$1,052,000
$1,027,860
$1,018,433
$1,037,192
-1.4%
*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.
current market snapshot APR
$957
MAY
$1,101,300
JUN JUL
MEDIAN SALES PRICE
AUG
$786
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
2.6 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$1.101 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West Hollywood DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$515,000
$582,500
$630,000
$645,000
25.2%
Average Price per Square Foot ...........................
$479
$522
$559
$579
20.9%
Properties Sold .......................................................
27
32
17
33
22.2%
Properties Pending Sale .......................................
31
27
31
32
3.2%
Properties For Sale ................................................
98
138
122
140
42.9%
Days on Market (Pending Sale) ...........................
57
41
36
45
-21.1%
Month’s Supply of Inventory ................................
3.6
4.3
7.2
4.2
16.9%
Percent Under Contract ........................................
31.6%
19.6%
25.4%
22.9%
-27.7%
Average Median Price for Last 12 Months ........
$469,000
$656,125
$630,917
$581,577
24.0%
*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.
current market snapshot APR
$515
MAY
$645,000
JUN JUL
MEDIAN SALES PRICE
AUG
$579
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
4.2 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$645 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
West LA DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$640,000
$549,000
$570,000
$575,000
-10.2%
Average Price per Square Foot ...........................
$451
$462
$416
$465
3.1%
Properties Sold .......................................................
21
9
9
15
-28.6%
Properties Pending Sale .......................................
19
13
13
11
-42.1%
Properties For Sale ................................................
43
52
42
56
30.2%
Days on Market (Pending Sale) ...........................
16
52
48
27
68.8%
Month’s Supply of Inventory ................................
2
5.8
4.7
3.7
82.3%
Percent Under Contract ........................................
44.2%
25.0%
31.0%
19.6%
-55.5%
Average Median Price for Last 12 Months ........
$563,000
$643,542
$589,667
$644,904
14.5%
*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.
current market snapshot APR
$640
MAY
$575,000
JUN JUL
MEDIAN SALES PRICE
AUG
$465
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
3.7 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$575 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
Westwood - Century City DATA*
Apr 2013
6 month
3 month
Apr 2014
% change
Median Price ..........................................................
$677,500
$952,500
$675,000
$749,000
10.6%
Average Price per Square Foot ...........................
$465
$762
$530
$708
52.3%
Properties Sold .......................................................
48
38
23
41
-14.6%
Properties Pending Sale .......................................
48
44
52
46
-4.2%
Properties For Sale ................................................
241
288
269
280
16.2%
Days on Market (Pending Sale) ...........................
64
67
56
76
18.8%
Month’s Supply of Inventory ................................
5
7.6
11.7
6.8
36.0%
Percent Under Contract ........................................
19.9%
15.3%
19.3%
16.4%
-17.5%
Average Median Price for Last 12 Months ........
$621,000
$725,677
$768,354
$722,850
16.4%
*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.
current market snapshot APR
$677
MAY
$749,000
JUN JUL
MEDIAN SALES PRICE
AUG
$708
SEP OCT
AVERAGE PRICE PER SQ FT
NOV DEC JAN
6.8 MONTH’S SUPPLY OF INVENTORY
FEB MAR APR
$749 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : April 2014
telesproperties.com
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