Palms - Mar Vista DATA*
Feb 2013
6 month
3 month
Feb 2014
% change
Median Price ..........................................................
$876,725
$994,000
$1,121,000
$1,120,000
27.7%
Average Price per Square Foot ...........................
$500
$599
$617
$580
16.0%
Properties Sold .......................................................
12
26
26
13
8.3%
Properties Pending Sale .......................................
28
27
21
20
-28.6%
Properties For Sale ................................................
62
69
58
56
-9.7%
Days on Market (Pending Sale) ...........................
44
29
40
38
-13.6%
Month’s Supply of Inventory ................................
5.2
2.7
2.2
4.3
-16.6%
Percent Under Contract ........................................
45.2%
39.1%
36.2%
35.7%
-20.9%
Average Median Price for Last 12 Months ........
$777,000
$991,425
$976,667
$938,252
17.2%
*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 Feb
$876
Mar
$1,120,000
Apr May
median sales price
Jun
$580
Jul Aug
AVERAgE PRICE PER SQ FT
Sep Oct Nov
4.3 MONTH’S SUPPLY OF INVENTORY
Dec Jan Feb
$1.120 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 : February 2014
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