February 2014 Micro Market Report | Teles Properties

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Corona del Mar - Spyglass DATA*

Feb 2013

6 month

3 month

Feb 2014

% change

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

$1,525,000

$2,297,500

$2,287,500

$2,500,000

63.9%

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

$926

$1,030

$952

$1,010

9.1%

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

9

14

10

11

22.2%

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

18

15

15

12

-33.3%

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

77

77

65

58

-24.7%

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

106

63

101

62

-41.5%

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

8.6

5.5

6.5

5.3

-38.4%

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

23.4%

19.5%

23.1%

20.7%

-11.5%

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

$1,778,000

$2,528,375

$2,827,583

$2,364,192

33.0%

*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 Feb

$1.525

Mar

$2,500,000

Apr May

median sales price

Jun

$1,010

Jul Aug

AVERAgE PRICE PER SQ FT

Sep Oct Nov

5.3 MONTH’S SUPPLY OF INVENTORY

Dec Jan Feb

$2.500 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

telesproperties.com


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