micro market report luxury real estate market research February 2015 | 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
Palos Verdes Estates
North Hollywood
Bel Air - Holmby Hills
Mid Wilshire
Rancho Palos Verdes
Shadow Hills
Beverly Center - Miracle Mile
Pacific Palisades
Redondo Beach - North
Sherman Oaks
Beverly Hills
Palms - Mar Vista
Redondo Beach - South
Studio City
Beverly Hills P.O.
Playa del Rey
Rolling Hills
Sun Valley
Beverlywood
Playa Vista
Rolling Hills Estates
Sunland - Tujunga
Brentwood
Santa Monica
San Pedro
Tarzana
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Toluca Lake
Culver City
Venice
Torrance - North
Valley Village
Hancock Park - Wilshire
West Hollywood
Torrance - Southeast
Woodland Hills
Hollywood
West Los Angeles
Torrance - South
San Gabriel Valley Macro
Hollywood Hills East
Westchester
Torrance - West
Altadena
Laurel Canyon
Westwood - Century City
San Fernando Macro
Arcadia
Los Feliz
South Bay Macro
Burbank
Duarte
Malibu
El Segundo
Encino
Eagle Rock
Malibu Beach
Hermosa Beach
Glendale
La Canada Flintridge
Marina del Rey
Manhattan Beach
La Crescenta
Monrovia
Micro Market Report : February 2015
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : February 2015
telesproperties.com
Los Angeles County DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$485,000
$545,000
$518,000
$505,267
4.2%
Average Price per Square Foot ...........................
$408
$421
$418
$398
-2.5%
Properties Sold .......................................................
2771
4111
3331
2786
0.5%
Properties Pending Sale .......................................
3470
4037
3540
4411
27.1%
Properties For Sale ................................................
17,405
21,007
18,521
16,868
-3.1%
Days on Market (Pending Sale) ...........................
60
58
62
51
-15.0%
Month’s Supply of Inventory ................................
6.3
5.1
5.6
6.1
-3.6%
Percent Under Contract ........................................
19.9%
19.2%
19.1%
26.2%
31.2%
Average Median Price for Last 12 Months ........
$618,000
$514,461
$501,256
$518,059
-19.3%
*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 FEB
$485
MAR
$505,267
APR MAY
MEDIAN SALES PRICE
JUN
$398
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$505 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 2015
telesproperties.com
Bel-Air Holmby Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,645,000
$1,945,500
$1,450,000
$1,847,500
12.3%
Average Price per Square Foot ...........................
$1,079
$872
$1,188
$795
-26.3%
Properties Sold .......................................................
8
10
10
12
50.0%
Properties Pending Sale .......................................
16
14
16
10
-37.5%
Properties For Sale ................................................
104
121
123
108
3.8%
Days on Market (Pending Sale) ...........................
156
65
92
103
-34.0%
Month’s Supply of Inventory ................................
13
12.1
12.3
9
-30.8%
Percent Under Contract ........................................
15.4%
11.6%
13.0%
9.3%
-39.8%
Average Median Price for Last 12 Months ........
$1,815,000
$2,164,350
$2,140,000
$2,594,876
30.1%
*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 FEB
$1.645
MAR
$1,847,500
APR MAY
MEDIAN SALES PRICE
JUN
$795
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.847 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 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,401,250
$1,275,000
$1,499,549
$1,354,500
-3.3%
Average Price per Square Foot ...........................
$626
$621
$677
$662
5.8%
Properties Sold .......................................................
12
17
16
12
0.0%
Properties Pending Sale .......................................
16
17
11
14
-12.5%
Properties For Sale ................................................
66
71
62
62
-6.1%
Days on Market (Pending Sale) ...........................
34
38
23
53
55.9%
Month’s Supply of Inventory ................................
5.5
4.2
3.9
5.2
-6.1%
Percent Under Contract ........................................
24.2%
23.9%
17.7%
22.6%
-6.9%
Average Median Price for Last 12 Months ........
$1,207,000
$1,379,883
$1,316,500
$1,334,158
9.5%
*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 FEB
$1.401
MAR
$1,354,500
APR MAY
MEDIAN SALES PRICE
JUN
$662
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.354 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 2015
telesproperties.com
Beverly Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$5,600,000
$3,082,500
$6,200,000
$3,955,000
-29.4%
Average Price per Square Foot ...........................
$1,410
$1,325
$1,329
$1,582
12.2%
Properties Sold .......................................................
10
14
9
8
-20.0%
Properties Pending Sale .......................................
18
12
7
12
-33.3%
Properties For Sale ................................................
89
97
86
92
3.4%
Days on Market (Pending Sale) ...........................
64
93
74
60
-6.2%
Month’s Supply of Inventory ................................
8.9
6.9
9.6
11.5
29.2%
Percent Under Contract ........................................
20.2%
12.4%
8.1%
13.0%
-35.5%
Average Median Price for Last 12 Months ........
$4,603,000
$4,624,583
$4,750,000
$4,417,846
-4.2%
*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 $5.600
FEB MAR
$3,955,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,582
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.955 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 2015
telesproperties.com
Beverly Hills- Post Office DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,225,000
$2,370,000
$2,616,500
$2,000,000
-10.1%
Average Price per Square Foot ...........................
$637
$747
$943
$635
-0.3%
Properties Sold .......................................................
9
15
10
9
0.0%
Properties Pending Sale .......................................
7
10
14
13
85.7%
Properties For Sale ................................................
107
131
130
137
28.0%
Days on Market (Pending Sale) ...........................
88
72
83
94
6.8%
Month’s Supply of Inventory ................................
11.9
8.7
13
15.2
28.0%
Percent Under Contract ........................................
6.5%
7.6%
10.8%
9.5%
45.0%
Average Median Price for Last 12 Months ........
$2,100,000
$2,859,417
$2,725,000
$2,595,885
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 FEB
$2.225
MAR
$2,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$635
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
15.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.000 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 : February 2015
telesproperties.com
Beverlywood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$846,000
$1,150,000
$801,000
$748,000
-11.6%
Average Price per Square Foot ...........................
$545
$622
$550
$570
4.6%
Properties Sold .......................................................
8
17
8
10
25.0%
Properties Pending Sale .......................................
21
18
18
15
-28.6%
Properties For Sale ................................................
57
65
54
40
-29.8%
Days on Market (Pending Sale) ...........................
36
43
32
42
16.7%
Month’s Supply of Inventory ................................
7.1
3.8
6.8
4
-43.9%
Percent Under Contract ........................................
36.8%
27.7%
33.3%
37.5%
1.8%
Average Median Price for Last 12 Months ........
$869,000
$884,854
$854,208
$935,356
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$846
MAR
$748,000
APR MAY
MEDIAN SALES PRICE
JUN
$570
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$748 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 2015
telesproperties.com
Brentwood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$4,050,000
$2,400,000
$2,224,995
$2,937,500
-27.5%
Average Price per Square Foot ...........................
$952
$1,053
$965
$922
-3.2%
Properties Sold .......................................................
13
20
19
12
-7.7%
Properties Pending Sale .......................................
9
20
32
18
100.0%
Properties For Sale ................................................
84
103
110
104
23.8%
Days on Market (Pending Sale) ...........................
27
59
53
57
111.1%
Month’s Supply of Inventory ................................
6.5
5.2
5.8
8.7
34.1%
Percent Under Contract ........................................
10.7%
19.4%
29.1%
17.3%
61.5%
Average Median Price for Last 12 Months ........
$2,398,000
$2,667,308
$2,545,952
$2,798,681
14.3%
*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 $4.050
FEB MAR
$2,937,500
APR MAY
MEDIAN SALES PRICE
JUN
$922
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.937 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 2015
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,000,000
$1,348,000
$1,475,000
$1,833,000
-8.3%
Average Price per Square Foot ...........................
$509
$700
$716
$702
37.9%
Properties Sold .......................................................
3
10
5
7
133.3%
Properties Pending Sale .......................................
4
5
12
5
25.0%
Properties For Sale ................................................
12
26
29
19
58.3%
Days on Market (Pending Sale) ...........................
9
17
67
52
477.8%
Month’s Supply of Inventory ................................
4
2.6
5.8
2.7
-32.1%
Percent Under Contract ........................................
33.3%
19.2%
41.4%
26.3%
-21.1%
Average Median Price for Last 12 Months ........
$1,481,000
$1,687,583
$1,602,667
$1,610,531
8.0%
*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
$2.000
MAR
$1,833,000
APR MAY
MEDIAN SALES PRICE
JUN
$702
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.833 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 2015
telesproperties.com
Culver City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$807,500
$827,550
$825,000
$779,000
-3.5%
Average Price per Square Foot ...........................
$529
$582
$557
$611
15.5%
Properties Sold .......................................................
12
12
8
14
16.7%
Properties Pending Sale .......................................
9
21
14
16
77.8%
Properties For Sale ................................................
29
57
45
47
62.1%
Days on Market (Pending Sale) ...........................
60
45
35
40
-33.3%
Month’s Supply of Inventory ................................
2.4
4.8
5.6
3.4
38.9%
Percent Under Contract ........................................
31.0%
36.8%
31.1%
34.0%
9.7%
Average Median Price for Last 12 Months ........
$789,000
$862,833
$910,333
$843,446
6.5%
*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 FEB
$807
MAR
$779,000
APR MAY
MEDIAN SALES PRICE
JUN
$611
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$779 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 2015
telesproperties.com
Hancock Park - Wilshire DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,724,950
$1,294,000
$1,255,000
$1,260,000
-27.0%
Average Price per Square Foot ...........................
$641
$644
$656
$628
-2.0%
Properties Sold .......................................................
20
27
25
23
15.0%
Properties Pending Sale .......................................
20
23
28
21
5.0%
Properties For Sale ................................................
81
108
105
104
28.4%
Days on Market (Pending Sale) ...........................
61
52
66
35
-42.6%
Month’s Supply of Inventory ................................
4
4
4.2
4.5
11.6%
Percent Under Contract ........................................
24.7%
21.3%
26.7%
20.2%
-18.2%
Average Median Price for Last 12 Months ........
$1,197,000
$1,328,333
$1,350,000
$1,343,862
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 $1.724
FEB MAR
$1,260,000
APR MAY
MEDIAN SALES PRICE
JUN
$628
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Hollywood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,200,000
$681,500
$795,000
$642,500
-70.8%
Average Price per Square Foot ...........................
$639
$532
$472
$533
-16.6%
Properties Sold .......................................................
1
4
7
4
300.0%
Properties Pending Sale .......................................
4
8
7
9
125.0%
Properties For Sale ................................................
17
26
32
42
147.1%
Days on Market (Pending Sale) ...........................
99
63
36
51
-48.5%
Month’s Supply of Inventory ................................
17
6.5
4.6
10.5
-38.2%
Percent Under Contract ........................................
23.5%
30.8%
21.9%
21.4%
-8.9%
Average Median Price for Last 12 Months ........
$664,000
$817,833
$844,167
$941,970
29.5%
*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 $2.200
FEB MAR
$642,500
APR MAY
MEDIAN SALES PRICE
JUN
$533
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Hollywood Hills East DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,597,000
$1,199,950
$1,048,500
$975,000
-38.9%
Average Price per Square Foot ...........................
$583
$583
$512
$572
-1.9%
Properties Sold .......................................................
7
6
8
7
0.0%
Properties Pending Sale .......................................
7
13
11
14
100.0%
Properties For Sale ................................................
46
65
61
52
13.0%
Days on Market (Pending Sale) ...........................
73
35
52
50
-31.5%
Month’s Supply of Inventory ................................
6.6
5
5.5
7.4
13.0%
Percent Under Contract ........................................
15.2%
20.0%
18.0%
26.9%
76.9%
Average Median Price for Last 12 Months ........
$1,119,000
$1,148,550
$1,179,349
$1,157,108
3.3%
*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 $1.597
FEB MAR
$975,000
APR MAY
MEDIAN SALES PRICE
JUN
$572
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$975 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 2015
telesproperties.com
Laurel Canyon DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,385,000
$1,450,000
$1,555,000
$1,645,000
18.8%
Average Price per Square Foot ...........................
$601
$722
$727
$681
13.3%
Properties Sold .......................................................
24
23
20
20
-16.7%
Properties Pending Sale .......................................
29
28
23
28
-3.4%
Properties For Sale ................................................
129
141
144
135
4.7%
Days on Market (Pending Sale) ...........................
67
54
44
53
-20.9%
Month’s Supply of Inventory ................................
4.4
5
6.3
6.8
51.7%
Percent Under Contract ........................................
22.5%
19.9%
16.0%
20.7%
-7.7%
Average Median Price for Last 12 Months ........
$1,231,000
$1,428,333
$1,383,333
$1,410,615
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 FEB
$1.385
MAR
$1,645,000
APR MAY
MEDIAN SALES PRICE
JUN
$681
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.645 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 : February 2015
telesproperties.com
Los Feliz DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,150,000
$1,441,000
$1,214,300
$1,250,000
8.7%
Average Price per Square Foot ...........................
$567
$615
$628
$631
11.3%
Properties Sold .......................................................
15
16
20
15
0.0%
Properties Pending Sale .......................................
18
17
18
22
22.2%
Properties For Sale ................................................
77
79
80
63
-18.2%
Days on Market (Pending Sale) ...........................
39
32
45
78
100.0%
Month’s Supply of Inventory ................................
4.3
4.6
4.4
4.2
-1.8%
Percent Under Contract ........................................
23.4%
21.5%
22.5%
34.9%
49.4%
Average Median Price for Last 12 Months ........
$1,165,000
$1,360,533
$1,428,467
$1,318,400
11.6%
*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 FEB
$1.150
MAR
$1,250,000
APR MAY
MEDIAN SALES PRICE
JUN
$631
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.250 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 : February 2015
telesproperties.com
Malibu DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,091,959
$1,875,000
$2,125,000
$1,755,312
-16.1%
Average Price per Square Foot ...........................
$671
$608
$798
$551
-17.9%
Properties Sold .......................................................
14
9
11
12
-14.3%
Properties Pending Sale .......................................
14
25
15
15
7.1%
Properties For Sale ................................................
173
217
204
172
-0.6%
Days on Market (Pending Sale) ...........................
197
98
128
129
-34.5%
Month’s Supply of Inventory ................................
12.4
24.1
18.5
14.3
16.0%
Percent Under Contract ........................................
8.1%
11.5%
7.4%
8.7%
7.8%
Average Median Price for Last 12 Months ........
$1,991,000
$2,402,135
$2,061,771
$2,314,598
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 FEB
$2.091
MAR
$1,755,312
APR MAY
MEDIAN SALES PRICE
JUN
$551
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.755 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 2015
telesproperties.com
Malibu Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$6,662,500
$5,912,500
$8,200,000
$4,877,500
-26.8%
Average Price per Square Foot ...........................
$2,630
$2,731
$3,513
$2,566
-2.4%
Properties Sold .......................................................
4
8
4
2
-50.0%
Properties Pending Sale .......................................
3
5
3
1
-66.7%
Properties For Sale ................................................
61
77
72
63
3.3%
Days on Market (Pending Sale) ...........................
77
103
119
384
398.7%
Month’s Supply of Inventory ................................
15.2
9.6
18
31.5
106.6%
Percent Under Contract ........................................
4.9%
6.5%
4.2%
1.6%
-67.7%
Average Median Price for Last 12 Months ........
$6,590,000
$7,296,250
$4,767,500
$6,665,779
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$6.662
MAR
$4,877,500
APR MAY
MEDIAN SALES PRICE
JUN
$2,566
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
31.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$4.877 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 2015
telesproperties.com
Marina Del Rey DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,715,000
$1,590,000
$1,200,000
$2,768,578
61.4%
Average Price per Square Foot ...........................
$522
$655
$649
$669
28.2%
Properties Sold .......................................................
5
2
5
4
-20.0%
Properties Pending Sale .......................................
7
4
1
8
14.3%
Properties For Sale ................................................
26
25
21
17
-34.6%
Days on Market (Pending Sale) ...........................
30
73
174
80
166.7%
Month’s Supply of Inventory ................................
5.2
12.5
4.2
4.2
-18.3%
Percent Under Contract ........................................
26.9%
16.0%
4.8%
47.1%
74.8%
Average Median Price for Last 12 Months ........
$1,636,000
$1,634,721
$2,090,276
$1,703,277
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 FEB
$1.715
MAR
$2,768,578
APR MAY
MEDIAN SALES PRICE
JUN
$669
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.768 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 2015
telesproperties.com
Mid Los Angeles DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$461,562
$594,000
$415,000
$423,000
-8.4%
Average Price per Square Foot ...........................
$338
$347
$293
$308
-8.9%
Properties Sold .......................................................
16
11
27
25
56.2%
Properties Pending Sale .......................................
19
17
26
36
89.5%
Properties For Sale ................................................
60
74
132
137
128.3%
Days on Market (Pending Sale) ...........................
46
36
50
63
37.0%
Month’s Supply of Inventory ................................
3.8
6.7
4.9
5.5
46.1%
Percent Under Contract ........................................
31.7%
23.0%
19.7%
26.3%
-17.0%
Average Median Price for Last 12 Months ........
$452,000
$484,850
$455,167
$515,166
12.3%
*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 FEB
$461
MAR
$423,000
APR MAY
MEDIAN SALES PRICE
JUN
$308
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$423 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 2015
telesproperties.com
Mid Wilshire DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$476,000
$662,000
$470,000
$443,000
-6.9%
Average Price per Square Foot ...........................
$355
$310
$215
$313
-11.8%
Properties Sold .......................................................
1
6
3
3
200.0%
Properties Pending Sale .......................................
1
5
4
4
300.0%
Properties For Sale ................................................
14
16
26
27
92.9%
Days on Market (Pending Sale) ...........................
156
57
56
23
-85.3%
Month’s Supply of Inventory ................................
14
2.7
8.7
9
-35.7%
Percent Under Contract ........................................
7.1%
31.2%
15.4%
14.8%
107.4%
Average Median Price for Last 12 Months ........
$519,000
$559,583
$536,000
$614,808
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 FEB
$476
MAR
$443,000
APR MAY
MEDIAN SALES PRICE
JUN
$313
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$443 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 2015
telesproperties.com
Pacific Palisades DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,935,000
$2,225,000
$2,539,400
$2,912,000
-0.8%
Average Price per Square Foot ...........................
$948
$957
$967
$879
-7.3%
Properties Sold .......................................................
16
23
18
18
12.5%
Properties Pending Sale .......................................
26
20
18
28
7.7%
Properties For Sale ................................................
110
113
112
126
14.5%
Days on Market (Pending Sale) ...........................
50
42
39
48
-4.0%
Month’s Supply of Inventory ................................
6.9
4.9
6.2
7
1.8%
Percent Under Contract ........................................
23.6%
17.7%
16.1%
22.2%
-6.0%
Average Median Price for Last 12 Months ........
$2,379,000
$2,364,400
$2,345,667
$2,545,490
6.5%
*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 FEB
$2.935
MAR
$2,912,000
APR MAY
MEDIAN SALES PRICE
JUN
$879
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.912 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 2015
telesproperties.com
Palms - Mar Vista DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,120,000
$987,000
$1,155,145
$1,062,000
-5.2%
Average Price per Square Foot ...........................
$580
$673
$625
$643
10.9%
Properties Sold .......................................................
13
22
27
18
38.5%
Properties Pending Sale .......................................
20
24
18
25
25.0%
Properties For Sale ................................................
56
84
70
78
39.3%
Days on Market (Pending Sale) ...........................
38
31
50
30
-21.1%
Month’s Supply of Inventory ................................
4.3
3.8
2.6
4.3
0.6%
Percent Under Contract ........................................
35.7%
28.6%
25.7%
32.1%
-10.3%
Average Median Price for Last 12 Months ........
$931,000
$1,075,524
$1,059,333
$1,078,434
13.7%
*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 FEB
$1.120
MAR
$1,062,000
APR MAY
MEDIAN SALES PRICE
JUN
$643
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.062 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 2015
telesproperties.com
Playa Del Rey DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,186,046
$1,287,000
$955,000
$1,560,000
31.5%
Average Price per Square Foot ...........................
$491
$681
$651
$536
9.2%
Properties Sold .......................................................
4
2
1
7
75.0%
Properties Pending Sale .......................................
3
4
3
2
-33.3%
Properties For Sale ................................................
11
17
24
15
36.4%
Days on Market (Pending Sale) ...........................
39
30
17
38
-2.6%
Month’s Supply of Inventory ................................
2.8
8.5
24
2.1
-22.1%
Percent Under Contract ........................................
27.3%
23.5%
12.5%
13.3%
-51.1%
Average Median Price for Last 12 Months ........
$1,170,000
$1,320,667
$1,472,667
$1,298,119
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 FEB
$1.186
MAR
$1,560,000
APR MAY
MEDIAN SALES PRICE
JUN
$536
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.560 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 2015
telesproperties.com
Playa Vista DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,134,995
$1,187,500
$1,182,500
$1,682,450
48.2%
Average Price per Square Foot ...........................
$478
$492
$523
$590
23.4%
Properties Sold .......................................................
1
2
2
2
100.0%
Properties Pending Sale .......................................
1
0
2
0
-100.0%
Properties For Sale ................................................
9
6
6
6
-33.3%
Days on Market (Pending Sale) ...........................
440
0
53
0
-100.0%
Month’s Supply of Inventory ................................
9
3
3
3
-66.7%
Percent Under Contract ........................................
11.1%
0.0%
33.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,318,000
$1,593,958
$1,868,500
$1,359,750
3.1%
*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 FEB
$1.134
MAR
$1,682,450
APR MAY
MEDIAN SALES PRICE
JUN
$590
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.682 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 2015
telesproperties.com
Santa Monica DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,896,000
$2,043,250
$2,184,100
$3,149,398
66.1%
Average Price per Square Foot ...........................
$862
$898
$1,165
$1,029
19.4%
Properties Sold .......................................................
13
18
13
10
-23.1%
Properties Pending Sale .......................................
16
19
16
15
-6.2%
Properties For Sale ................................................
68
77
79
76
11.8%
Days on Market (Pending Sale) ...........................
57
52
51
32
-43.9%
Month’s Supply of Inventory ................................
5.2
4.3
6.1
7.6
45.3%
Percent Under Contract ........................................
23.5%
24.7%
20.3%
19.7%
-16.1%
Average Median Price for Last 12 Months ........
$1,911,000
$2,336,125
$2,559,383
$2,147,000
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 FEB
$1.896
MAR
$3,149,398
APR MAY
MEDIAN SALES PRICE
JUN
$1,029
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.149 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 2015
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,585,980
$1,850,000
$1,850,000
$1,660,000
4.7%
Average Price per Square Foot ...........................
$772
$822
$684
$719
-6.9%
Properties Sold .......................................................
31
31
27
31
0.0%
Properties Pending Sale .......................................
37
40
31
37
0.0%
Properties For Sale ................................................
225
259
280
276
22.7%
Days on Market (Pending Sale) ...........................
77
81
61
50
-35.1%
Month’s Supply of Inventory ................................
7.3
8.4
10.4
8.9
22.7%
Percent Under Contract ........................................
16.4%
15.4%
11.1%
13.4%
-18.5%
Average Median Price for Last 12 Months ........
$1,442,000
$1,752,754
$1,562,000
$1,762,559
18.2%
*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
$1.585
MAR
$1,660,000
APR MAY
MEDIAN SALES PRICE
JUN
$719
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.660 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 : February 2015
telesproperties.com
Venice DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,425,000
$1,800,000
$1,750,000
$1,750,000
22.8%
Average Price per Square Foot ...........................
$1,030
$1,186
$1,016
$957
-7.1%
Properties Sold .......................................................
9
15
15
8
-11.1%
Properties Pending Sale .......................................
15
14
13
19
26.7%
Properties For Sale ................................................
57
56
62
69
21.1%
Days on Market (Pending Sale) ...........................
24
67
53
59
145.8%
Month’s Supply of Inventory ................................
6.3
3.7
4.1
8.6
36.2%
Percent Under Contract ........................................
26.3%
25.0%
21.0%
27.5%
4.6%
Average Median Price for Last 12 Months ........
$1,367,000
$1,544,146
$1,557,833
$1,599,821
17.0%
*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
$1.425
MAR
$1,750,000
APR MAY
MEDIAN SALES PRICE
JUN
$957
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.750 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 2015
telesproperties.com
West Hollywood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,055,000
$1,543,125
$1,075,000
$1,475,000
39.8%
Average Price per Square Foot ...........................
$699
$745
$847
$779
11.4%
Properties Sold .......................................................
6
10
9
12
100.0%
Properties Pending Sale .......................................
11
12
8
18
63.6%
Properties For Sale ................................................
42
50
57
54
28.6%
Days on Market (Pending Sale) ...........................
46
52
28
38
-17.4%
Month’s Supply of Inventory ................................
7
5
6.3
4.5
-35.7%
Percent Under Contract ........................................
26.2%
24.0%
14.0%
33.3%
27.3%
Average Median Price for Last 12 Months ........
$1,127,000
$1,363,167
$1,524,667
$1,277,284
11.8%
*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 FEB
$1.055
MAR
$1,475,000
APR MAY
MEDIAN SALES PRICE
JUN
$779
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.475 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 2015
telesproperties.com
West Los Angeles DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$788,000
$882,500
$905,000
$0
-100.0%
Average Price per Square Foot ...........................
$641
$557
$781
$0
-100.0%
Properties Sold .......................................................
5
7
7
0
-100.0%
Properties Pending Sale .......................................
4
14
7
8
100.0%
Properties For Sale ................................................
14
36
41
34
142.9%
Days on Market (Pending Sale) ...........................
13
39
51
52
300.0%
Month’s Supply of Inventory ................................
2.8
5.1
5.9
0
0%
Percent Under Contract ........................................
28.6%
38.9%
17.1%
23.5%
-17.6%
Average Median Price for Last 12 Months ........
$781,000
$898,800
$870,000
$877,188
12.3%
*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 FEB
$788
MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
No sales MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB 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 2015
telesproperties.com
Westchester DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$800,000
$810,000
$845,775
$842,900
5.4%
Average Price per Square Foot ...........................
$443
$517
$544
$502
13.3%
Properties Sold .......................................................
12
33
18
14
16.7%
Properties Pending Sale .......................................
16
29
28
14
-12.5%
Properties For Sale ................................................
42
69
75
43
2.4%
Days on Market (Pending Sale) ...........................
20
32
48
43
115.0%
Month’s Supply of Inventory ................................
3.5
2.1
4.2
3.1
-12.2%
Percent Under Contract ........................................
38.1%
42.0%
37.3%
32.6%
-14.5%
Average Median Price for Last 12 Months ........
$781,000
$874,477
$869,862
$842,605
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$800
MAR
$842,900
APR MAY
MEDIAN SALES PRICE
JUN
$502
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$842 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 2015
telesproperties.com
Westwood - Century City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,135,000
$1,867,500
$1,523,000
$1,627,500
-23.8%
Average Price per Square Foot ...........................
$701
$771
$820
$782
11.6%
Properties Sold .......................................................
5
18
14
14
180.0%
Properties Pending Sale .......................................
11
15
6
13
18.2%
Properties For Sale ................................................
39
59
52
44
12.8%
Days on Market (Pending Sale) ...........................
30
27
22
58
93.3%
Month’s Supply of Inventory ................................
7.8
3.3
3.7
3.1
-59.7%
Percent Under Contract ........................................
28.2%
25.4%
11.5%
29.5%
4.8%
Average Median Price for Last 12 Months ........
$1,485,000
$1,688,792
$1,673,583
$1,783,865
20.1%
*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 $2.135
FEB MAR
$1,627,500
APR MAY
MEDIAN SALES PRICE
JUN
$782
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.627 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 2015
telesproperties.com
South Bay Macro Market DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$941,089
$1,181,490
$1,192,217
$1,214,447
29.0%
Average Price per Square Foot ...........................
$519
$576
$578
$583
12.3%
Properties Sold .......................................................
139
235
188
141
1.4%
Properties Pending Sale .......................................
204
284
218
219
7.4%
Properties For Sale ................................................
718
978
789
719
0.1%
Days on Market (Pending Sale) ...........................
54
69
53
47
-12.7%
Month’s Supply of Inventory ................................
5.2
4.2
4.2
5.1
-1.3%
Percent Under Contract ........................................
28.4%
29.0%
27.6%
30.5%
7.2%
Average Median Price for Last 12 Months ........
$1,054,467
$1,147,943
$1,179,333
$1,159,186
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 FEB
$941
MAR
$1,214,447
APR MAY
MEDIAN SALES PRICE
JUN
$583
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.214 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 2015
telesproperties.com
El Segundo DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$952,000
$960,000
$1,300,000
$835,000
-12.3%
Average Price per Square Foot ...........................
$572
$487
$603
$592
3.5%
Properties Sold .......................................................
1
7
4
5
400.0%
Properties Pending Sale .......................................
7
7
8
8
14.3%
Properties For Sale ................................................
19
13
13
17
-10.5%
Days on Market (Pending Sale) ...........................
69
60
34
25
-63.8%
Month’s Supply of Inventory ................................
19
1.9
3.2
3.4
-82.1%
Percent Under Contract ........................................
36.8%
53.8%
61.5%
47.1%
27.7%
Average Median Price for Last 12 Months ........
$846,000
$1,020,667
$922,167
$952,423
12.6%
*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 FEB
$952
MAR
$835,000
APR MAY
MEDIAN SALES PRICE
JUN
$592
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$835 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 2015
telesproperties.com
Hermosa Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,389,500
$2,532,500
$1,549,000
$1,450,000
4.4%
Average Price per Square Foot ...........................
$698
$1,122
$969
$813
16.5%
Properties Sold .......................................................
7
8
9
5
-28.6%
Properties Pending Sale .......................................
6
8
9
8
33.3%
Properties For Sale ................................................
33
33
37
21
-36.4%
Days on Market (Pending Sale) ...........................
31
47
75
27
-12.9%
Month’s Supply of Inventory ................................
4.7
4.1
4.1
4.2
-10.9%
Percent Under Contract ........................................
18.2%
24.2%
24.3%
38.1%
109.5%
Average Median Price for Last 12 Months ........
$1,176,000
$1,402,325
$1,591,666
$1,516,188
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 FEB
$1.389
MAR
$1,450,000
APR MAY
MEDIAN SALES PRICE
JUN
$813
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.450 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 : February 2015
telesproperties.com
Manhattan Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,900,000
$1,995,000
$2,050,000
$2,147,500
13.0%
Average Price per Square Foot ...........................
$1,025
$949
$1,262
$1,024
-0.1%
Properties Sold .......................................................
21
27
26
14
-33.3%
Properties Pending Sale .......................................
29
28
17
18
-37.9%
Properties For Sale ................................................
71
89
58
58
-18.3%
Days on Market (Pending Sale) ...........................
28
60
39
32
14.3%
Month’s Supply of Inventory ................................
3.4
3.3
2.2
4.1
22.5%
Percent Under Contract ........................................
40.8%
31.5%
29.3%
31.0%
-24.0%
Average Median Price for Last 12 Months ........
$1,794,000
$1,936,250
$1,890,833
$1,919,404
7.0%
*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
$1.900
MAR
$2,147,500
APR MAY
MEDIAN SALES PRICE
JUN
$1,024
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.147 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 2015
telesproperties.com
Palos Verdes Estates DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,387,500
$1,725,000
$1,860,000
$1,772,500
27.7%
Average Price per Square Foot ...........................
$616
$725
$713
$696
13.0%
Properties Sold .......................................................
8
22
11
12
50.0%
Properties Pending Sale .......................................
11
10
10
16
45.5%
Properties For Sale ................................................
54
77
77
56
3.7%
Days on Market (Pending Sale) ...........................
64
80
75
78
21.9%
Month’s Supply of Inventory ................................
6.8
3.5
7
4.7
-30.9%
Percent Under Contract ........................................
20.4%
13.0%
13.0%
28.6%
40.3%
Average Median Price for Last 12 Months ........
$1,629,000
$1,770,479
$1,534,000
$1,660,990
2.0%
*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
$1.387
MAR
$1,772,500
APR MAY
MEDIAN SALES PRICE
JUN
$696
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.772 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 2015
telesproperties.com
Rancho Palos Verdes DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,280,000
$1,117,500
$1,037,500
$1,150,000
-10.2%
Average Price per Square Foot ...........................
$435
$527
$462
$522
20.0%
Properties Sold .......................................................
15
34
26
20
33.3%
Properties Pending Sale .......................................
18
40
29
34
88.9%
Properties For Sale ................................................
91
177
128
123
35.2%
Days on Market (Pending Sale) ...........................
50
43
65
50
0.0%
Month’s Supply of Inventory ................................
6.1
5.2
4.9
6.2
1.4%
Percent Under Contract ........................................
19.8%
22.6%
22.7%
27.6%
39.7%
Average Median Price for Last 12 Months ........
$1,129,000
$1,166,833
$1,215,833
$1,173,146
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 FEB
$1.280
MAR
$1,150,000
APR MAY
MEDIAN SALES PRICE
JUN
$522
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Redondo Beach- North DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$760,000
$856,000
$802,000
$870,000
14.5%
Average Price per Square Foot ...........................
$471
$504
$529
$512
8.7%
Properties Sold .......................................................
3
9
10
8
166.7%
Properties Pending Sale .......................................
28
60
39
14
-50.0%
Properties For Sale ................................................
71
89
58
36
-49.3%
Days on Market (Pending Sale) ...........................
21
27
26
36
71.4%
Month’s Supply of Inventory ................................
23.7
9.9
5.8
4.5
-81.0%
Percent Under Contract ........................................
39.4%
67.4%
67.2%
38.9%
-1.4%
Average Median Price for Last 12 Months ........
$728,000
$821,667
$831,167
$813,569
11.8%
*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 FEB
$760
MAR
$870,000
APR MAY
MEDIAN SALES PRICE
JUN
$512
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$870 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 2015
telesproperties.com
Redondo Beach- South DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$999,000
$1,059,000
$1,000,000
$1,212,000
21.3%
Average Price per Square Foot ...........................
$669
$588
$590
$618
-7.6%
Properties Sold .......................................................
11
19
13
9
-18.2%
Properties Pending Sale .......................................
18
17
16
14
-22.2%
Properties For Sale ................................................
46
64
47
41
-10.9%
Days on Market (Pending Sale) ...........................
39
49
72
51
30.8%
Month’s Supply of Inventory ................................
4.2
3.4
3.6
4.6
8.9%
Percent Under Contract ........................................
39.1%
26.6%
34.0%
34.1%
-12.7%
Average Median Price for Last 12 Months ........
$970,000
$1,145,083
$1,216,667
$1,081,423
11.5%
*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 FEB
$999
MAR
$1,212,000
APR MAY
MEDIAN SALES PRICE
JUN
$618
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.212 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 2015
telesproperties.com
Rolling Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$0
$2,680,900
$3,147,500
$3,658,000
0%
Average Price per Square Foot ...........................
$0
$809
$833
$901
0%
Properties Sold .......................................................
0
2
4
3
0%
Properties Pending Sale .......................................
1
1
6
2
100.0%
Properties For Sale ................................................
19
20
26
20
5.3%
Days on Market (Pending Sale) ...........................
160
326
39
93
-41.9%
Month’s Supply of Inventory ................................
0
10
6.5
6.7
0%
Percent Under Contract ........................................
5.3%
5.0%
23.1%
10.0%
90.0%
Average Median Price for Last 12 Months ........
$2,910,000
$3,212,515
$3,205,025
$3,261,698
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 FEB MAR
$3,658,000
APR MAY
MEDIAN SALES PRICE
JUN
$901
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.658 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 2015
telesproperties.com
Rolling Hills Estates DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,095,000
$1,060,000
$1,535,000
$1,475,000
34.7%
Average Price per Square Foot ...........................
$489
$528
$483
$558
14.1%
Properties Sold .......................................................
5
7
2
4
-20.0%
Properties Pending Sale .......................................
3
12
6
4
33.3%
Properties For Sale ................................................
18
37
25
14
-22.2%
Days on Market (Pending Sale) ...........................
39
55
73
106
171.8%
Month’s Supply of Inventory ................................
3.6
5.3
12.5
3.5
-2.8%
Percent Under Contract ........................................
16.7%
32.4%
24.0%
28.6%
71.4%
Average Median Price for Last 12 Months ........
$1,284,000
$1,453,089
$1,553,261
$1,380,041
7.5%
*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 FEB
$1.095
MAR
$1,475,000
APR MAY
MEDIAN SALES PRICE
JUN
$558
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.475 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 2015
telesproperties.com
San Pedro DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$470,000
$649,000
$540,500
$480,500
2.2%
Average Price per Square Foot ...........................
$325
$361
$350
$369
13.5%
Properties Sold .......................................................
23
21
24
23
0.0%
Properties Pending Sale .......................................
27
30
22
38
40.7%
Properties For Sale ................................................
112
125
117
141
25.9%
Days on Market (Pending Sale) ...........................
71
54
46
56
-21.1%
Month’s Supply of Inventory ................................
4.9
6
4.9
6.1
25.9%
Percent Under Contract ........................................
24.1%
24.0%
18.8%
27.0%
11.8%
Average Median Price for Last 12 Months ........
$486,000
$523,208
$527,917
$530,442
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$470
MAR
$480,500
APR MAY
MEDIAN SALES PRICE
JUN
$369
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$480 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 2015
telesproperties.com
Torrance- County Strip DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$458,750
$415,000
$337,999
$445,000
-3.0%
Average Price per Square Foot ...........................
$318
$357
$215
$273
-14.2%
Properties Sold .......................................................
4
5
1
4
0.0%
Properties Pending Sale .......................................
4
6
2
2
-50.0%
Properties For Sale ................................................
30
30
27
20
-33.3%
Days on Market (Pending Sale) ...........................
40
40
46
34
-15.0%
Month’s Supply of Inventory ................................
7.5
6
27
5
-33.3%
Percent Under Contract ........................................
13.3%
20.0%
7.4%
10.0%
-25.0%
Average Median Price for Last 12 Months ........
$383,000
$423,792
$453,750
$437,115
14.1%
*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 FEB
$458
MAR
$445,000
APR MAY
MEDIAN SALES PRICE
JUN
$273
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$445 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 2015
telesproperties.com
Torrance- North DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$513,500
$562,450
$565,000
$573,950
11.8%
Average Price per Square Foot ...........................
$397
$393
$379
$432
8.8%
Properties Sold .......................................................
10
18
13
10
0.0%
Properties Pending Sale .......................................
19
13
18
16
-15.8%
Properties For Sale ................................................
42
44
39
36
-14.3%
Days on Market (Pending Sale) ...........................
53
56
50
22
-58.5%
Month’s Supply of Inventory ................................
4.2
2.4
3
3.6
-14.3%
Percent Under Contract ........................................
45.2%
29.5%
46.2%
44.4%
-1.8%
Average Median Price for Last 12 Months ........
$515,000
$571,325
$574,317
$552,023
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 FEB
$513
MAR
$573,950
APR MAY
MEDIAN SALES PRICE
JUN
$432
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$573 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 2015
telesproperties.com
Torrance- South DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$750,000
$755,000
$811,250
$812,750
8.4%
Average Price per Square Foot ...........................
$484
$457
$471
$523
8.1%
Properties Sold .......................................................
12
27
14
8
-33.3%
Properties Pending Sale .......................................
15
22
16
12
-20.0%
Properties For Sale ................................................
39
66
49
41
5.1%
Days on Market (Pending Sale) ...........................
60
50
50
27
-55.0%
Month’s Supply of Inventory ................................
3.2
2.4
3.5
5.1
57.7%
Percent Under Contract ........................................
38.5%
33.3%
32.7%
29.3%
-23.9%
Average Median Price for Last 12 Months ........
$753,000
$805,250
$819,250
$795,500
5.6%
*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 FEB
$750
MAR
$812,750
APR MAY
MEDIAN SALES PRICE
JUN
$523
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$812 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 2015
telesproperties.com
Torrance- Southeast DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$545,000
$635,000
$590,000
$620,000
13.8%
Average Price per Square Foot ...........................
$342
$402
$344
$398
16.4%
Properties Sold .......................................................
11
15
17
8
-27.3%
Properties Pending Sale .......................................
14
16
9
16
14.3%
Properties For Sale ................................................
49
72
58
59
20.4%
Days on Market (Pending Sale) ...........................
42
44
63
34
-19.0%
Month’s Supply of Inventory ................................
4.5
4.8
3.4
7.4
65.6%
Percent Under Contract ........................................
28.6%
22.2%
15.5%
27.1%
-5.1%
Average Median Price for Last 12 Months ........
$513,000
$592,138
$614,983
$586,256
14.3%
*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 FEB
$545
MAR
$620,000
APR MAY
MEDIAN SALES PRICE
JUN
$398
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$620 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 2015
telesproperties.com
Torrance- West DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$675,000
$720,000
$757,500
$714,500
5.9%
Average Price per Square Foot ...........................
$425
$424
$470
$509
19.8%
Properties Sold .......................................................
8
14
14
8
0.0%
Properties Pending Sale .......................................
4
14
11
17
325.0%
Properties For Sale ................................................
24
42
30
36
50.0%
Days on Market (Pending Sale) ...........................
37
41
44
31
-16.2%
Month’s Supply of Inventory ................................
3
3
2.1
4.5
50.0%
Percent Under Contract ........................................
16.7%
33.3%
36.7%
47.2%
183.3%
Average Median Price for Last 12 Months ........
$701,000
$749,583
$739,167
$727,577
3.8%
*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 FEB
$675
MAR
$714,500
APR MAY
MEDIAN SALES PRICE
JUN
$509
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$714 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 2015
telesproperties.com
San Fernando Valley Macro Market DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$746,071
$777,571
$738,071
$763,929
2.4%
Average Price per Square Foot ...........................
$361
$390
$395
$387
7.4%
Properties Sold .......................................................
277
446
341
305
10.1%
Properties Pending Sale .......................................
411
512
409
498
21.2%
Properties For Sale ................................................
821
1,186
1,036
878
6.9%
Days on Market (Pending Sale) ...........................
57
63
62
72
25.0%
Month’s Supply of Inventory ................................
3
2.7
3
2.9
-2.9%
Percent Under Contract ........................................
50.1%
43.2%
39.5%
56.7%
13.3%
Average Median Price for Last 12 Months ........
$700,582
$758,369
$777,786
$767,921
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 FEB
$746
MAR
$763,929
APR MAY
MEDIAN SALES PRICE
JUN
$387
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$763 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 2015
telesproperties.com
Burbank DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$655,000
$630,000
$655,000
$657,000
0.3%
Average Price per Square Foot ...........................
$412
$454
$416
$406
-1.5%
Properties Sold .......................................................
39
56
43
30
-23.1%
Properties Pending Sale .......................................
56
48
53
57
1.8%
Properties For Sale ................................................
77
88
83
71
-7.8%
Days on Market (Pending Sale) ...........................
50
46
49
65
30.0%
Month’s Supply of Inventory ................................
2
1.6
1.9
2.4
19.9%
Percent Under Contract ........................................
72.7%
54.5%
63.9%
80.3%
10.4%
Average Median Price for Last 12 Months ........
$601,538
$653,500
$649,000
$649,462
8.0%
*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
$655
MAR
$657,000
APR MAY
MEDIAN SALES PRICE
JUN
$406
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$657 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 2015
telesproperties.com
Encino DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,423,000
$1,113,000
$1,040,000
$1,000,000
-29.7%
Average Price per Square Foot ...........................
$435
$473
$444
$415
-4.6%
Properties Sold .......................................................
20
34
32
23
15.0%
Properties Pending Sale .......................................
36
33
37
39
8.3%
Properties For Sale ................................................
76
123
106
117
53.9%
Days on Market (Pending Sale) ...........................
97
67
77
77
-20.6%
Month’s Supply of Inventory ................................
3.8
3.6
3.3
5.1
33.9%
Percent Under Contract ........................................
47.4%
26.8%
34.9%
33.3%
-29.6%
Average Median Price for Last 12 Months ........
$956,308
$1,058,000
$1,067,000
$1,071,615
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 $1.423
FEB MAR
$1,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$415
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Glendale DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$713,000
$806,000
$777,000
$745,000
4.5%
Average Price per Square Foot ...........................
$392
$400
$412
$393
0.3%
Properties Sold .......................................................
28
60
41
45
60.7%
Properties Pending Sale .......................................
44
69
51
58
31.8%
Properties For Sale ................................................
95
104
121
101
6.3%
Days on Market (Pending Sale) ...........................
50
55
57
57
14.0%
Month’s Supply of Inventory ................................
3.4
1.7
3
2.2
-33.8%
Percent Under Contract ........................................
46.3%
66.3%
42.1%
57.4%
24.0%
Average Median Price for Last 12 Months ........
$686,538
$729,667
$720,333
$731,154
6.5%
*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 FEB
$713
MAR
$745,000
APR MAY
MEDIAN SALES PRICE
JUN
$393
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$745 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 2015
telesproperties.com
La Crescenta DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$658,000
$708,000
$740,000
$736,000
11.9%
Average Price per Square Foot ...........................
$407
$428
$405
$382
-6.1%
Properties Sold .......................................................
11
36
10
14
27.3%
Properties Pending Sale .......................................
14
32
15
14
0.0%
Properties For Sale ................................................
24
39
20
14
-41.7%
Days on Market (Pending Sale) ...........................
48
53
51
66
37.5%
Month’s Supply of Inventory ................................
2.2
1.1
2
1
-54.2%
Percent Under Contract ........................................
58.3%
82.1%
75.0%
100.0%
71.4%
Average Median Price for Last 12 Months ........
$641,154
$714,500
$702,333
$719,462
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 FEB
$658
MAR
$736,000
APR MAY
MEDIAN SALES PRICE
JUN
$382
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$736 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 2015
telesproperties.com
North Hollywood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$435,000
$432,000
$419,000
$450,000
3.4%
Average Price per Square Foot ...........................
$294
$314
$333
$342
16.3%
Properties Sold .......................................................
31
32
26
24
-22.6%
Properties Pending Sale .......................................
36
49
45
29
-19.4%
Properties For Sale ................................................
75
80
87
67
-10.7%
Days on Market (Pending Sale) ...........................
47
65
53
59
25.5%
Month’s Supply of Inventory ................................
2.4
2.5
3.3
2.8
15.4%
Percent Under Contract ........................................
48.0%
61.3%
51.7%
43.3%
-9.8%
Average Median Price for Last 12 Months ........
$394,923
$455,000
$458,667
$447,692
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 FEB
$435
MAR
$450,000
APR MAY
MEDIAN SALES PRICE
JUN
$342
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Shadow Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$945,000
$680,000
$800,000
$673,000
-28.8%
Average Price per Square Foot ...........................
$278
$269
$330
$282
1.4%
Properties Sold .......................................................
1
2
3
2
100.0%
Properties Pending Sale .......................................
4
2
2
4
0.0%
Properties For Sale ................................................
7
19
13
9
28.6%
Days on Market (Pending Sale) ...........................
2
126
68
75
3650.0%
Month’s Supply of Inventory ................................
7
9.5
4.3
4.5
-35.7%
Percent Under Contract ........................................
57.1%
10.5%
15.4%
44.4%
-22.2%
Average Median Price for Last 12 Months ........
$696,615
$808,400
$946,000
$773,583
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 $945
FEB MAR
$673,000
APR MAY
MEDIAN SALES PRICE
JUN
$282
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$673 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 2015
telesproperties.com
Sherman Oaks DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$925,000
$895,000
$825,000
$935,000
1.1%
Average Price per Square Foot ...........................
$436
$430
$450
$418
-4.1%
Properties Sold .......................................................
38
52
46
39
2.6%
Properties Pending Sale .......................................
54
75
44
69
27.8%
Properties For Sale ................................................
101
167
128
105
4.0%
Days on Market (Pending Sale) ...........................
61
65
55
79
29.5%
Month’s Supply of Inventory ................................
2.7
3.2
2.8
2.7
1.3%
Percent Under Contract ........................................
53.5%
44.9%
34.4%
65.7%
22.9%
Average Median Price for Last 12 Months ........
$820,769
$884,167
$929,000
$900,769
9.7%
*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 FEB
$925
MAR
$935,000
APR MAY
MEDIAN SALES PRICE
JUN
$418
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$935 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 2015
telesproperties.com
Studio City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,085,000
$1,265,000
$1,123,000
$1,335,000
23.0%
Average Price per Square Foot ...........................
$479
$524
$554
$583
21.7%
Properties Sold .......................................................
14
23
22
16
14.3%
Properties Pending Sale .......................................
29
35
19
39
34.5%
Properties For Sale ................................................
69
86
65
60
-13.0%
Days on Market (Pending Sale) ...........................
42
57
69
60
42.9%
Month’s Supply of Inventory ................................
4.9
3.7
3
3.8
-23.9%
Percent Under Contract ........................................
42.0%
40.7%
29.2%
65.0%
54.7%
Average Median Price for Last 12 Months ........
$1,003,692
$1,138,000
$1,195,000
$1,171,385
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 FEB
$1.085
MAR
$1,335,000
APR MAY
MEDIAN SALES PRICE
JUN
$583
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.335 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 2015
telesproperties.com
Sun Valley DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$390,000
$428,000
$450,000
$500,000
28.2%
Average Price per Square Foot ...........................
$241
$315
$302
$300
24.5%
Properties Sold .......................................................
10
12
19
12
20.0%
Properties Pending Sale .......................................
8
20
16
23
187.5%
Properties For Sale ................................................
33
41
40
39
18.2%
Days on Market (Pending Sale) ...........................
37
48
69
85
129.7%
Month’s Supply of Inventory ................................
3.3
3.4
2.1
3.2
-1.5%
Percent Under Contract ........................................
24.2%
48.8%
40.0%
59.0%
143.3%
Average Median Price for Last 12 Months ........
$396,231
$425,500
$442,667
$408,769
3.2%
*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
$390
MAR
$500,000
APR MAY
MEDIAN SALES PRICE
JUN
$300
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2015
telesproperties.com
Sunland/Tujunga DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$446,000
$500,000
$504,000
$454,000
1.8%
Average Price per Square Foot ...........................
$314
$286
$324
$319
1.6%
Properties Sold .......................................................
22
36
24
28
27.3%
Properties Pending Sale .......................................
28
37
27
34
21.4%
Properties For Sale ................................................
45
82
62
59
31.1%
Days on Market (Pending Sale) ...........................
62
71
66
38
-38.7%
Month’s Supply of Inventory ................................
2
2.3
2.6
2.1
3.0%
Percent Under Contract ........................................
62.2%
45.1%
43.5%
57.6%
-7.4%
Average Median Price for Last 12 Months ........
$402,462
$485,167
$475,667
$465,462
15.7%
*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 FEB
$446
MAR
$454,000
APR MAY
MEDIAN SALES PRICE
JUN
$319
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$454 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 2015
telesproperties.com
Tarzana DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$705,000
$1,055,000
$775,000
$812,000
15.2%
Average Price per Square Foot ...........................
$323
$392
$310
$328
1.5%
Properties Sold .......................................................
18
21
20
17
-5.6%
Properties Pending Sale .......................................
23
26
19
32
39.1%
Properties For Sale ................................................
65
105
90
76
16.9%
Days on Market (Pending Sale) ...........................
64
71
70
102
59.4%
Month’s Supply of Inventory ................................
3.6
5
4.5
4.5
23.8%
Percent Under Contract ........................................
35.4%
24.8%
21.1%
42.1%
19.0%
Average Median Price for Last 12 Months ........
$789,308
$820,167
$874,000
$867,692
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 FEB
$705
MAR
$812,000
APR MAY
MEDIAN SALES PRICE
JUN
$328
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$812 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 2015
telesproperties.com
Toluca Lake DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$740,000
$850,000
$785,000
$880,000
18.9%
Average Price per Square Foot ...........................
$382
$425
$481
$477
24.9%
Properties Sold .......................................................
4
6
5
5
25.0%
Properties Pending Sale .......................................
11
8
8
11
0.0%
Properties For Sale ................................................
11
24
17
14
27.3%
Days on Market (Pending Sale) ...........................
41
45
78
92
124.4%
Month’s Supply of Inventory ................................
2.8
4
3.4
2.8
1.8%
Percent Under Contract ........................................
100.0%
33.3%
47.1%
78.6%
-21.4%
Average Median Price for Last 12 Months ........
$1,049,462
$941,000
$1,001,333
$1,079,846
2.9%
*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 FEB
$740
MAR
$880,000
APR MAY
MEDIAN SALES PRICE
JUN
$477
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$880 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 2015
telesproperties.com
Valley Village DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$660,000
$825,000
$720,000
$823,000
24.7%
Average Price per Square Foot ...........................
$357
$443
$442
$470
31.7%
Properties Sold .......................................................
6
15
9
8
33.3%
Properties Pending Sale .......................................
10
13
13
11
10.0%
Properties For Sale ................................................
12
31
23
18
50.0%
Days on Market (Pending Sale) ...........................
120
44
42
66
-45.0%
Month’s Supply of Inventory ................................
2
2.1
2.6
2.2
12.5%
Percent Under Contract ........................................
83.3%
41.9%
56.5%
61.1%
-26.7%
Average Median Price for Last 12 Months ........
$728,769
$800,500
$775,333
$772,846
6.0%
*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
$660
MAR
$823,000
APR MAY
MEDIAN SALES PRICE
JUN
$470
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$823 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 2015
telesproperties.com
Woodland Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$665,000
$699,000
$720,000
$695,000
4.5%
Average Price per Square Foot ...........................
$302
$311
$324
$309
2.3%
Properties Sold .......................................................
35
61
41
42
20.0%
Properties Pending Sale .......................................
58
65
60
78
34.5%
Properties For Sale ................................................
131
197
181
128
-2.3%
Days on Market (Pending Sale) ...........................
80
74
70
80
0.0%
Month’s Supply of Inventory ................................
3.7
3.2
4.4
3
-18.6%
Percent Under Contract ........................................
44.3%
33.0%
33.1%
60.9%
37.6%
Average Median Price for Last 12 Months ........
$640,385
$706,833
$705,000
$691,154
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$665
MAR
$695,000
APR MAY
MEDIAN SALES PRICE
JUN
$309
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$695 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 2015
telesproperties.com
San Gabriel Valley Macro Market DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$919,182
$940,273
$1,051,182
$951,818
3.6%
Average Price per Square Foot ...........................
$484
$520
$499
$517
7.0%
Properties Sold .......................................................
200
332
215
172
-14.0%
Properties Pending Sale .......................................
259
320
255
265
2.3%
Properties For Sale ................................................
443
728
680
680
53.5%
Days on Market (Pending Sale) ...........................
60
44
50
55
-7.6%
Month’s Supply of Inventory ................................
2.2
2.2
3.2
4
78.5%
Percent Under Contract ........................................
58.5%
44.0%
37.5%
39.0%
-33.3%
Average Median Price for Last 12 Months ........
$858,245
$984,591
$966,576
$968,636
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 FEB
$919
MAR
$951,818
APR MAY
MEDIAN SALES PRICE
JUN
$517
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$951 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 2015
telesproperties.com
Altadena DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$540,000
$625,000
$610,000
$649,000
20.2%
Average Price per Square Foot ...........................
$342
$389
$395
$369
7.9%
Properties Sold .......................................................
18
36
24
15
-16.7%
Properties Pending Sale .......................................
33
37
28
31
-6.1%
Properties For Sale ................................................
40
71
74
60
50.0%
Days on Market (Pending Sale) ...........................
50
47
59
93
86.0%
Month’s Supply of Inventory ................................
2.2
2
3.1
4
80.0%
Percent Under Contract ........................................
82.5%
52.1%
37.8%
51.7%
-37.4%
Average Median Price for Last 12 Months ........
$563,231
$621,167
$614,000
$604,000
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 FEB
$540
MAR
$649,000
APR MAY
MEDIAN SALES PRICE
JUN
$369
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$649 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 2015
telesproperties.com
Arcadia DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,580,000
$1,200,000
$1,555,000
$1,298,000
-17.8%
Average Price per Square Foot ...........................
$567
$627
$610
$563
-0.7%
Properties Sold .......................................................
37
41
20
19
-48.6%
Properties Pending Sale .......................................
41
41
38
33
-19.5%
Properties For Sale ................................................
66
173
169
192
190.9%
Days on Market (Pending Sale) ...........................
75
39
50
74
-1.3%
Month’s Supply of Inventory ................................
1.8
4.2
8.4
10.1
466.5%
Percent Under Contract ........................................
62.1%
23.7%
22.5%
17.2%
-72.3%
Average Median Price for Last 12 Months ........
$1,278,308
$1,369,667
$1,294,333
$1,376,231
7.7%
*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 FEB
$1.580
MAR
$1,298,000
APR MAY
MEDIAN SALES PRICE
JUN
$563
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.298 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 2015
telesproperties.com
Duarte DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$383,000
$425,000
$418,000
$420,000
9.7%
Average Price per Square Foot ...........................
$285
$311
$316
$322
13.0%
Properties Sold .......................................................
16
21
12
17
6.2%
Properties Pending Sale .......................................
12
14
18
18
50.0%
Properties For Sale ................................................
17
26
29
16
-5.9%
Days on Market (Pending Sale) ...........................
73
48
40
53
-27.4%
Month’s Supply of Inventory ................................
1.1
1.2
2.4
0.9
-11.4%
Percent Under Contract ........................................
70.6%
53.8%
62.1%
112.5%
59.4%
Average Median Price for Last 12 Months ........
$376,846
$442,500
$445,000
$435,385
15.5%
*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 FEB
$383
MAR
$420,000
APR MAY
MEDIAN SALES PRICE
JUN
$322
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
0.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$420 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 2015
telesproperties.com
Eagle Rock DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$585,000
$679,000
$690,000
$733,000
25.3%
Average Price per Square Foot ...........................
$410
$474
$471
$451
10.0%
Properties Sold .......................................................
11
14
26
7
-36.4%
Properties Pending Sale .......................................
9
15
8
15
66.7%
Properties For Sale ................................................
31
27
21
24
-22.6%
Days on Market (Pending Sale) ...........................
37
36
37
45
21.6%
Month’s Supply of Inventory ................................
2.8
1.9
0.8
3.4
21.7%
Percent Under Contract ........................................
29.0%
55.6%
38.1%
62.5%
115.3%
Average Median Price for Last 12 Months ........
$553,154
$688,000
$717,667
$675,000
22.0%
*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
$585
MAR
$733,000
APR MAY
MEDIAN SALES PRICE
JUN
$451
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$733 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 2015
telesproperties.com
La Canada Flintridge DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,190,000
$1,285,000
$1,275,000
$1,455,000
22.3%
Average Price per Square Foot ...........................
$601
$546
$533
$602
0.2%
Properties Sold .......................................................
16
27
15
15
-6.2%
Properties Pending Sale .......................................
26
25
19
18
-30.8%
Properties For Sale ................................................
46
47
33
48
4.3%
Days on Market (Pending Sale) ...........................
75
61
68
43
-42.7%
Month’s Supply of Inventory ................................
2.9
1.7
2.2
3.2
11.3%
Percent Under Contract ........................................
56.5%
53.2%
57.6%
37.5%
-33.7%
Average Median Price for Last 12 Months ........
$1,260,538
$1,440,500
$1,461,333
$1,373,615
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 FEB
$1.190
MAR
$1,455,000
APR MAY
MEDIAN SALES PRICE
JUN
$602
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.455 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 2015
telesproperties.com
Monrovia DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$552,000
$660,000
$569,000
$525,000
-4.9%
Average Price per Square Foot ...........................
$372
$390
$356
$381
2.4%
Properties Sold .......................................................
15
21
18
15
0.0%
Properties Pending Sale .......................................
19
29
19
22
15.8%
Properties For Sale ................................................
40
57
63
64
60.0%
Days on Market (Pending Sale) ...........................
87
55
44
55
-36.8%
Month’s Supply of Inventory ................................
2.7
2.7
3.5
4.3
60.0%
Percent Under Contract ........................................
47.5%
50.9%
30.2%
34.4%
-27.6%
Average Median Price for Last 12 Months ........
$527,385
$579,667
$564,667
$591,538
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 FEB
$552
MAR
$525,000
APR MAY
MEDIAN SALES PRICE
JUN
$381
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$525 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 2015
telesproperties.com
Pasadena DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$605,000
$739,000
$720,000
$739,000
22.1%
Average Price per Square Foot ...........................
$502
$503
$554
$552
10.0%
Properties Sold .......................................................
47
103
57
47
0.0%
Properties Pending Sale .......................................
68
91
74
82
20.6%
Properties For Sale ................................................
126
184
180
170
34.9%
Days on Market (Pending Sale) ...........................
63
62
63
57
-9.5%
Month’s Supply of Inventory ................................
2.7
1.8
3.2
3.6
34.9%
Percent Under Contract ........................................
54.0%
49.5%
41.1%
48.2%
-10.6%
Average Median Price for Last 12 Months ........
$671,692
$744,000
$736,333
$746,154
11.1%
*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 FEB
$605
MAR
$739,000
APR MAY
MEDIAN SALES PRICE
JUN
$552
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$739 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 2015
telesproperties.com
San Gabriel DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$631,000
$665,000
$625,000
$641,000
1.6%
Average Price per Square Foot ...........................
$389
$439
$409
$430
10.5%
Properties Sold .......................................................
16
28
25
14
-12.5%
Properties Pending Sale .......................................
22
36
18
21
-4.5%
Properties For Sale ................................................
43
79
52
50
16.3%
Days on Market (Pending Sale) ...........................
93
48
51
48
-48.4%
Month’s Supply of Inventory ................................
2.7
2.8
2.1
3.6
32.9%
Percent Under Contract ........................................
51.2%
45.6%
34.6%
42.0%
-17.9%
Average Median Price for Last 12 Months ........
$599,615
$707,667
$738,000
$692,923
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 FEB
$631
MAR
$641,000
APR MAY
MEDIAN SALES PRICE
JUN
$430
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$641 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 2015
telesproperties.com
San Marino DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,280,000
$2,128,000
$2,750,000
$2,330,000
2.2%
Average Price per Square Foot ...........................
$821
$872
$895
$986
20.1%
Properties Sold .......................................................
7
16
5
9
28.6%
Properties Pending Sale .......................................
10
15
9
9
-10.0%
Properties For Sale ................................................
8
24
25
23
187.5%
Days on Market (Pending Sale) ...........................
40
29
27
59
47.5%
Month’s Supply of Inventory ................................
1.1
1.5
5
2.6
123.6%
Percent Under Contract ........................................
125.0%
62.5%
36.0%
39.1%
-68.7%
Average Median Price for Last 12 Months ........
$1,877,308
$2,213,500
$2,080,000
$2,196,615
17.0%
*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
$2.280
MAR
$2,330,000
APR MAY
MEDIAN SALES PRICE
JUN
$986
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.330 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 2015
telesproperties.com
Sierra Madre DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$840,000
$869,000
$998,000
$680,000
-19.0%
Average Price per Square Foot ...........................
$457
$500
$381
$506
10.7%
Properties Sold .......................................................
6
17
9
7
16.7%
Properties Pending Sale .......................................
9
8
13
7
-22.2%
Properties For Sale ................................................
17
17
17
21
23.5%
Days on Market (Pending Sale) ...........................
32
38
72
57
78.1%
Month’s Supply of Inventory ................................
2.8
1
1.9
3
5.9%
Percent Under Contract ........................................
52.9%
47.1%
76.5%
33.3%
-37.0%
Average Median Price for Last 12 Months ........
$809,462
$869,833
$797,667
$851,462
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $840
FEB MAR
$680,000
APR MAY
MEDIAN SALES PRICE
JUN
$506
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$680 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 2015
telesproperties.com
South Pasadena DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$925,000
$1,068,000
$1,353,000
$1,000,000
8.1%
Average Price per Square Foot ...........................
$575
$673
$574
$529
-8.0%
Properties Sold .......................................................
11
8
4
7
-36.4%
Properties Pending Sale .......................................
10
9
11
9
-10.0%
Properties For Sale ................................................
9
23
17
12
33.3%
Days on Market (Pending Sale) ...........................
31
20
36
22
-29.0%
Month’s Supply of Inventory ................................
0.8
2.9
4.2
1.7
109.5%
Percent Under Contract ........................................
111.1%
39.1%
64.7%
75.0%
-32.5%
Average Median Price for Last 12 Months ........
$931,615
$1,154,000
$1,183,333
$1,112,077
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 FEB
$925
MAR
$1,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$529
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : February 2015
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : February 2015
telesproperties.com
Orange County DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$664,500
$680,000
$679,192
$659,000
-0.8%
Average Price per Square Foot ...........................
$411
$410
$407
$415
1.0%
Properties Sold .......................................................
1030
1671
1250
1101
6.9%
Properties Pending Sale .......................................
1374
1693
1314
1703
23.9%
Properties For Sale ................................................
6,174
7,889
6,376
5,989
-3.0%
Days on Market (Pending Sale) ...........................
68
60
70
59
-13.2%
Month’s Supply of Inventory ................................
6
4.7
5.1
5.4
-9.3%
Percent Under Contract ........................................
22.3%
21.5%
20.6%
28.4%
27.8%
Average Median Price for Last 12 Months ........
$635,000
$669,199
$658,667
$670,819
5.6%
*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 FEB
$664
MAR
$659,000
APR MAY
MEDIAN SALES PRICE
JUN
$415
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$659 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 2015
telesproperties.com
Aliso Viejo DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$740,000
$800,000
$705,000
$710,000
-4.1%
Average Price per Square Foot ...........................
$348
$328
$346
$340
-2.3%
Properties Sold .......................................................
9
21
15
17
88.9%
Properties Pending Sale .......................................
18
19
16
17
-5.6%
Properties For Sale ................................................
72
83
63
56
-22.2%
Days on Market (Pending Sale) ...........................
77
70
101
75
-2.6%
Month’s Supply of Inventory ................................
8
4
4.2
3.3
-58.8%
Percent Under Contract ........................................
25.0%
22.9%
25.4%
30.4%
21.4%
Average Median Price for Last 12 Months ........
$689,000
$698,417
$687,667
$715,346
3.8%
*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 FEB
$740
MAR
$710,000
APR MAY
MEDIAN SALES PRICE
JUN
$340
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Balboa Peninsula DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$3,304,000
$2,117,500
$2,010,000
$2,800,000
-15.3%
Average Price per Square Foot ...........................
$1,217
$1,211
$1,776
$1,256
3.2%
Properties Sold .......................................................
2
12
7
5
150.0%
Properties Pending Sale .......................................
7
5
1
2
-71.4%
Properties For Sale ................................................
38
36
35
29
-23.7%
Days on Market (Pending Sale) ...........................
109
66
31
221
102.8%
Month’s Supply of Inventory ................................
19
3
5
5.8
-69.5%
Percent Under Contract ........................................
18.4%
13.9%
2.9%
6.9%
-62.6%
Average Median Price for Last 12 Months ........
$2,581,000
$2,803,333
$2,328,333
$2,817,808
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 FEB
$3.304
MAR
$2,800,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,256
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.800 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 2015
telesproperties.com
Corona del Mar - Spyglass DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,500,000
$2,200,000
$2,410,000
$1,718,294
-31.3%
Average Price per Square Foot ...........................
$1,010
$948
$1,211
$857
-15.1%
Properties Sold .......................................................
11
16
9
10
-9.1%
Properties Pending Sale .......................................
12
16
11
9
-25.0%
Properties For Sale ................................................
58
82
78
71
22.4%
Days on Market (Pending Sale) ...........................
62
61
54
87
40.3%
Month’s Supply of Inventory ................................
5.3
5.1
8.7
7.1
34.7%
Percent Under Contract ........................................
20.7%
19.5%
14.1%
12.7%
-38.7%
Average Median Price for Last 12 Months ........
$2,389,000
$2,035,132
$2,060,265
$2,202,869
-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 $2.500
FEB MAR
$1,718,294
APR MAY
MEDIAN SALES PRICE
JUN
$857
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.718 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 2015
telesproperties.com
Coto de Caza DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,210,000
$1,125,000
$1,555,000
$999,000
-17.4%
Average Price per Square Foot ...........................
$355
$345
$348
$340
-4.2%
Properties Sold .......................................................
11
21
11
9
-18.2%
Properties Pending Sale .......................................
17
17
18
25
47.1%
Properties For Sale ................................................
120
141
118
113
-5.8%
Days on Market (Pending Sale) ...........................
69
111
83
52
-24.6%
Month’s Supply of Inventory ................................
10.9
6.7
10.7
12.6
15.1%
Percent Under Contract ........................................
14.2%
12.1%
15.3%
22.1%
56.2%
Average Median Price for Last 12 Months ........
$1,063,000
$1,226,250
$1,225,000
$1,195,769
12.5%
*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 $1.210
FEB MAR
$999,000
APR MAY
MEDIAN SALES PRICE
JUN
$340
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$999 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 2015
telesproperties.com
Crystal Cove DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$4,160,000
$3,500,000
$5,000,000
$0
-100.0%
Average Price per Square Foot ...........................
$1,202
$1,032
$1,070
$0
-100.0%
Properties Sold .......................................................
3
1
3
0
-100.0%
Properties Pending Sale .......................................
4
2
2
0
-100.0%
Properties For Sale ................................................
18
24
19
21
16.7%
Days on Market (Pending Sale) ...........................
146
94
128
0
-100.0%
Month’s Supply of Inventory ................................
6
24
6.3
0
0%
Percent Under Contract ........................................
22.2%
8.3%
10.5%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,495,000
$6,049,875
$4,450,000
$5,042,136
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 FEB
$4.160
MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
No sales MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB 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 2015
telesproperties.com
Dana Point DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$914,500
$922,500
$969,000
$1,159,500
26.8%
Average Price per Square Foot ...........................
$708
$512
$596
$766
8.2%
Properties Sold .......................................................
25
29
22
18
-28.0%
Properties Pending Sale .......................................
27
43
34
29
7.4%
Properties For Sale ................................................
142
205
163
157
10.6%
Days on Market (Pending Sale) ...........................
86
84
85
84
-2.3%
Month’s Supply of Inventory ................................
5.7
7.1
7.4
8.7
53.6%
Percent Under Contract ........................................
19.0%
21.0%
20.9%
18.5%
-2.9%
Average Median Price for Last 12 Months ........
$891,000
$991,240
$1,054,479
$939,138
5.4%
*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 FEB
$914
MAR
$1,159,500
APR MAY
MEDIAN SALES PRICE
JUN
$766
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.159 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 2015
telesproperties.com
East Bluff - Harbor View DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,675,000
$1,862,000
$1,562,500
$1,650,000
-1.5%
Average Price per Square Foot ...........................
$631
$652
$689
$572
-9.4%
Properties Sold .......................................................
18
18
16
11
-38.9%
Properties Pending Sale .......................................
10
22
18
24
140.0%
Properties For Sale ................................................
77
120
98
91
18.2%
Days on Market (Pending Sale) ...........................
35
79
87
81
131.4%
Month’s Supply of Inventory ................................
4.3
6.7
6.1
8.3
93.4%
Percent Under Contract ........................................
13.0%
18.3%
18.4%
26.4%
103.1%
Average Median Price for Last 12 Months ........
$1,651,000
$1,688,917
$1,753,000
$1,719,923
4.2%
*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
$1.675
MAR
$1,650,000
APR MAY
MEDIAN SALES PRICE
JUN
$572
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.650 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 2015
telesproperties.com
East Costa Mesa DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$737,000
$950,000
$850,000
$1,010,980
37.2%
Average Price per Square Foot ...........................
$499
$564
$470
$470
-5.8%
Properties Sold .......................................................
12
17
19
16
33.3%
Properties Pending Sale .......................................
21
18
17
15
-28.6%
Properties For Sale ................................................
71
80
66
53
-25.4%
Days on Market (Pending Sale) ...........................
50
56
86
51
2.0%
Month’s Supply of Inventory ................................
5.9
4.7
3.5
3.3
-44.0%
Percent Under Contract ........................................
29.6%
22.5%
25.8%
28.3%
-4.3%
Average Median Price for Last 12 Months ........
$836,000
$920,163
$1,018,660
$897,898
7.4%
*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 FEB
$737
MAR
$1,010,980
APR MAY
MEDIAN SALES PRICE
JUN
$470
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.010 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 2015
telesproperties.com
Fountain Valley DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$647,000
$702,500
$679,000
$680,000
5.1%
Average Price per Square Foot ...........................
$338
$341
$353
$358
5.9%
Properties Sold .......................................................
20
30
15
19
-5.0%
Properties Pending Sale .......................................
32
28
17
26
-18.8%
Properties For Sale ................................................
78
82
56
60
-23.1%
Days on Market (Pending Sale) ...........................
28
44
49
58
107.1%
Month’s Supply of Inventory ................................
3.9
2.7
3.7
3.2
-19.0%
Percent Under Contract ........................................
41.0%
34.1%
30.4%
43.3%
5.6%
Average Median Price for Last 12 Months ........
$641,000
$676,833
$676,167
$676,000
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$647
MAR
$680,000
APR MAY
MEDIAN SALES PRICE
JUN
$358
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$680 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 2015
telesproperties.com
Huntington Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$774,500
$720,000
$714,500
$800,000
3.3%
Average Price per Square Foot ...........................
$420
$419
$414
$439
4.5%
Properties Sold .......................................................
56
131
84
75
33.9%
Properties Pending Sale .......................................
100
122
76
92
-8.0%
Properties For Sale ................................................
346
463
334
312
-9.8%
Days on Market (Pending Sale) ...........................
49
61
66
48
-2.0%
Month’s Supply of Inventory ................................
6.2
3.5
4
4.2
-32.7%
Percent Under Contract ........................................
28.9%
26.3%
22.8%
29.5%
2.0%
Average Median Price for Last 12 Months ........
$712,000
$769,917
$788,333
$755,912
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$774
MAR
$800,000
APR MAY
MEDIAN SALES PRICE
JUN
$439
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$800 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 2015
telesproperties.com
Irvine DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$940,000
$895,000
$970,000
$935,000
-0.5%
Average Price per Square Foot ...........................
$476
$461
$433
$477
0.2%
Properties Sold .......................................................
53
99
77
63
18.9%
Properties Pending Sale .......................................
82
95
72
102
24.4%
Properties For Sale ................................................
307
489
350
321
4.6%
Days on Market (Pending Sale) ...........................
52
59
81
50
-3.8%
Month’s Supply of Inventory ................................
5.8
4.9
4.5
5.1
-12.0%
Percent Under Contract ........................................
26.7%
19.4%
20.6%
31.8%
19.0%
Average Median Price for Last 12 Months ........
$890,000
$937,695
$926,898
$922,513
3.7%
*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 FEB
$940
MAR
$935,000
APR MAY
MEDIAN SALES PRICE
JUN
$477
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$935 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 2015
telesproperties.com
Ladera Ranch DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$860,000
$860,000
$739,150
$735,000
-14.5%
Average Price per Square Foot ...........................
$339
$344
$326
$334
-1.5%
Properties Sold .......................................................
16
28
15
21
31.2%
Properties Pending Sale .......................................
22
28
27
32
45.5%
Properties For Sale ................................................
95
157
118
115
21.1%
Days on Market (Pending Sale) ...........................
54
61
107
69
27.8%
Month’s Supply of Inventory ................................
5.9
5.6
7.9
5.5
-7.8%
Percent Under Contract ........................................
23.2%
17.8%
22.9%
27.8%
20.2%
Average Median Price for Last 12 Months ........
$844,000
$820,608
$755,167
$831,159
-1.5%
*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 FEB
$860
MAR
$735,000
APR MAY
MEDIAN SALES PRICE
JUN
$334
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$735 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 2015
telesproperties.com
Laguna Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,547,500
$2,125,000
$1,600,000
$1,850,000
-27.4%
Average Price per Square Foot ...........................
$1,064
$970
$908
$856
-19.5%
Properties Sold .......................................................
20
29
31
21
5.0%
Properties Pending Sale .......................................
28
37
32
38
35.7%
Properties For Sale ................................................
235
285
225
223
-5.1%
Days on Market (Pending Sale) ...........................
87
106
118
84
-3.4%
Month’s Supply of Inventory ................................
11.8
9.8
7.3
10.6
-9.6%
Percent Under Contract ........................................
11.9%
13.0%
14.2%
17.0%
43.0%
Average Median Price for Last 12 Months ........
$1,717,000
$1,834,500
$1,862,333
$1,969,538
14.7%
*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 $2.547
FEB MAR
$1,850,000
APR MAY
MEDIAN SALES PRICE
JUN
$856
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.850 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 : February 2015
telesproperties.com
Laguna Niguel DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$777,500
$790,000
$831,000
$840,000
8.0%
Average Price per Square Foot ...........................
$378
$395
$364
$386
2.1%
Properties Sold .......................................................
38
59
48
40
5.3%
Properties Pending Sale .......................................
60
69
52
58
-3.3%
Properties For Sale ................................................
232
363
277
242
4.3%
Days on Market (Pending Sale) ...........................
55
73
82
79
43.6%
Month’s Supply of Inventory ................................
6.1
6.2
5.8
6
-0.9%
Percent Under Contract ........................................
25.9%
19.0%
18.8%
24.0%
-7.3%
Average Median Price for Last 12 Months ........
$774,000
$816,167
$818,333
$806,765
4.2%
*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
$777
MAR
$840,000
APR MAY
MEDIAN SALES PRICE
JUN
$386
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$840 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 2015
telesproperties.com
Laguna Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$785,000
$980,000
$780,750
$615,000
-21.7%
Average Price per Square Foot ...........................
$348
$367
$328
$356
2.3%
Properties Sold .......................................................
13
21
13
13
0.0%
Properties Pending Sale .......................................
17
21
23
22
29.4%
Properties For Sale ................................................
80
118
92
75
-6.2%
Days on Market (Pending Sale) ...........................
56
48
74
58
3.6%
Month’s Supply of Inventory ................................
6.2
5.6
7.1
5.8
-6.3%
Percent Under Contract ........................................
21.2%
17.8%
25.0%
29.3%
38.0%
Average Median Price for Last 12 Months ........
$710,000
$721,375
$710,000
$736,012
3.7%
*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 $785
FEB MAR
$615,000
APR MAY
MEDIAN SALES PRICE
JUN
$356
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Laguna Woods DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$0
$0
$0
$0
0%
Average Price per Square Foot ...........................
$0
$0
$0
$0
0%
Properties Sold .......................................................
0
0
0
0
0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
0
0
0
0
0%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
0
0
0
0
0%
Percent Under Contract ........................................
0%
0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$600,000
$0
$0
$772,000
28.7%
*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 FEB MAR
No sales
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
No sales MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB 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 2015
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,762,500
$4,950,000
$2,312,500
$2,595,000
-6.1%
Average Price per Square Foot ...........................
$1,563
$1,189
$997
$954
-39.0%
Properties Sold .......................................................
4
7
2
1
-75.0%
Properties Pending Sale .......................................
2
13
0
5
150.0%
Properties For Sale ................................................
41
49
36
32
-22.0%
Days on Market (Pending Sale) ...........................
74
193
0
88
18.9%
Month’s Supply of Inventory ................................
10.2
7
18
32
212.2%
Percent Under Contract ........................................
4.9%
26.5%
0.0%
15.6%
220.3%
Average Median Price for Last 12 Months ........
$2,511,000
$2,951,250
$3,056,667
$3,238,277
29.0%
*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
$2.762
MAR
$2,595,000
APR MAY
MEDIAN SALES PRICE
JUN
$954
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
32 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.595 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 : February 2015
telesproperties.com
Mission Viejo DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$629,000
$635,000
$600,000
$667,500
6.1%
Average Price per Square Foot ...........................
$319
$332
$330
$325
1.9%
Properties Sold .......................................................
53
81
58
50
-5.7%
Properties Pending Sale .......................................
64
77
74
89
39.1%
Properties For Sale ................................................
237
329
284
257
8.4%
Days on Market (Pending Sale) ...........................
52
60
63
53
1.9%
Month’s Supply of Inventory ................................
4.5
4.1
4.9
5.1
14.9%
Percent Under Contract ........................................
27.0%
23.4%
26.1%
34.6%
28.2%
Average Median Price for Last 12 Months ........
$612,000
$636,983
$649,000
$636,723
4.0%
*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
$629
MAR
$667,500
APR MAY
MEDIAN SALES PRICE
JUN
$325
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$667 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 2015
telesproperties.com
Newport Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,650,000
$1,825,000
$1,595,000
$1,750,312
6.1%
Average Price per Square Foot ...........................
$765
$891
$845
$903
18.0%
Properties Sold .......................................................
37
61
43
36
-2.7%
Properties Pending Sale .......................................
37
64
46
60
62.2%
Properties For Sale ................................................
268
361
311
290
8.2%
Days on Market (Pending Sale) ...........................
65
96
89
104
60.0%
Month’s Supply of Inventory ................................
7.2
5.9
7.2
8.1
11.2%
Percent Under Contract ........................................
13.8%
17.7%
14.8%
20.7%
49.9%
Average Median Price for Last 12 Months ........
$1,710,000
$1,815,719
$1,764,771
$1,806,601
5.6%
*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 FEB
$1.650
MAR
$1,750,312
APR MAY
MEDIAN SALES PRICE
JUN
$903
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.750 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 2015
telesproperties.com
Newport Coast DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,650,000
$2,450,000
$4,191,925
$3,125,000
17.9%
Average Price per Square Foot ...........................
$960
$887
$1,006
$934
-2.7%
Properties Sold .......................................................
7
13
9
9
28.6%
Properties Pending Sale .......................................
11
9
4
14
27.3%
Properties For Sale ................................................
76
93
80
80
5.3%
Days on Market (Pending Sale) ...........................
113
119
376
78
-31.0%
Month’s Supply of Inventory ................................
10.9
7.2
8.9
8.9
-18.1%
Percent Under Contract ........................................
14.5%
9.7%
5.0%
17.5%
20.9%
Average Median Price for Last 12 Months ........
$2,924,000
$3,484,471
$3,275,000
$3,208,544
9.7%
*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 FEB
$2.650
MAR
$3,125,000
APR MAY
MEDIAN SALES PRICE
JUN
$934
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.125 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 : February 2015
telesproperties.com
Newport Heights DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,300,000
$1,529,000
$1,237,500
$1,300,000
0.0%
Average Price per Square Foot ...........................
$582
$1,045
$608
$574
-1.4%
Properties Sold .......................................................
3
2
4
1
-66.7%
Properties Pending Sale .......................................
3
6
6
8
166.7%
Properties For Sale ................................................
32
40
32
31
-3.1%
Days on Market (Pending Sale) ...........................
84
56
73
86
2.4%
Month’s Supply of Inventory ................................
10.7
20
8
31
190.6%
Percent Under Contract ........................................
9.4%
15.0%
18.8%
25.8%
175.3%
Average Median Price for Last 12 Months ........
$1,568,000
$1,678,356
$1,367,333
$1,769,227
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 FEB
$1.300
MAR
$1,300,000
APR MAY
MEDIAN SALES PRICE
JUN
$574
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
31 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.300 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 2015
telesproperties.com
Rancho Santa Margarita DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$700,000
$650,000
$623,950
$625,000
-10.7%
Average Price per Square Foot ...........................
$311
$311
$314
$325
4.5%
Properties Sold .......................................................
35
43
32
27
-22.9%
Properties Pending Sale .......................................
45
47
37
51
13.3%
Properties For Sale ................................................
121
197
159
143
18.2%
Days on Market (Pending Sale) ...........................
52
64
87
56
7.7%
Month’s Supply of Inventory ................................
3.5
4.6
5
5.3
53.2%
Percent Under Contract ........................................
37.2%
23.9%
23.3%
35.7%
-4.1%
Average Median Price for Last 12 Months ........
$634,000
$648,575
$652,500
$651,680
2.8%
*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 FEB
$700
MAR
$625,000
APR MAY
MEDIAN SALES PRICE
JUN
$325
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$625 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 2015
telesproperties.com
San Clemente DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$800,000
$845,000
$900,000
$812,000
1.5%
Average Price per Square Foot ...........................
$415
$371
$375
$389
-6.3%
Properties Sold .......................................................
49
58
51
45
-8.2%
Properties Pending Sale .......................................
42
69
51
60
42.9%
Properties For Sale ................................................
247
368
268
249
0.8%
Days on Market (Pending Sale) ...........................
62
69
96
51
-17.7%
Month’s Supply of Inventory ................................
5
6.3
5.3
5.5
9.8%
Percent Under Contract ........................................
17.0%
18.8%
19.0%
24.1%
41.7%
Average Median Price for Last 12 Months ........
$806,000
$837,083
$816,500
$831,000
3.1%
*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 FEB
$800
MAR
$812,000
APR MAY
MEDIAN SALES PRICE
JUN
$389
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$812 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 2015
telesproperties.com
San Juan Capistrano DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,610,000
$635,000
$960,000
$640,000
-60.2%
Average Price per Square Foot ...........................
$391
$344
$338
$329
-15.9%
Properties Sold .......................................................
16
35
17
17
6.2%
Properties Pending Sale .......................................
28
19
17
27
-3.6%
Properties For Sale ................................................
127
165
132
136
7.1%
Days on Market (Pending Sale) ...........................
84
69
79
71
-15.5%
Month’s Supply of Inventory ................................
7.9
4.7
7.8
8
0.8%
Percent Under Contract ........................................
22.0%
11.5%
12.9%
19.9%
-10.0%
Average Median Price for Last 12 Months ........
$834,000
$775,398
$714,333
$816,722
-2.1%
*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 $1.610
FEB MAR
$640,000
APR MAY
MEDIAN SALES PRICE
JUN
$329
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$640 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 2015
telesproperties.com
Shady Canyon DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$0
$0
$0
$5,800,000
0%
Average Price per Square Foot ...........................
$0
$0
$0
$753
0%
Properties Sold .......................................................
0
0
0
1
0%
Properties Pending Sale .......................................
2
0
0
1
-50.0%
Properties For Sale ................................................
8
4
2
2
-75.0%
Days on Market (Pending Sale) ...........................
208
0
0
679
226.4%
Month’s Supply of Inventory ................................
0
0
0
2
0%
Percent Under Contract ........................................
25.0%
0.0%
0.0%
50.0%
100.0%
Average Median Price for Last 12 Months ........
$5,545,000
$4,725,000
$5,800,000
$4,593,800
-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 MAR
$5,800,000
APR MAY
MEDIAN SALES PRICE
JUN
$753
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$5.800 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 2015
telesproperties.com
Turtle Ridge DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,800,000
$2,650,000
$2,031,944
$1,754,500
-37.3%
Average Price per Square Foot ...........................
$692
$711
$659
$643
-7.1%
Properties Sold .......................................................
1
7
4
2
100.0%
Properties Pending Sale .......................................
5
3
6
2
-60.0%
Properties For Sale ................................................
27
31
30
19
-29.6%
Days on Market (Pending Sale) ...........................
104
62
79
32
-69.2%
Month’s Supply of Inventory ................................
27
4.4
7.5
9.5
-64.8%
Percent Under Contract ........................................
18.5%
9.7%
20.0%
10.5%
-43.2%
Average Median Price for Last 12 Months ........
$2,306,000
$2,163,491
$2,074,000
$2,376,873
3.1%
*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 $2.800
FEB MAR
$1,754,500
APR MAY
MEDIAN SALES PRICE
JUN
$643
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.754 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 2015
telesproperties.com
Turtle Rock DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$0
$0
$970,000
$1,708,750
0%
Average Price per Square Foot ...........................
$0
$0
$606
$479
0%
Properties Sold .......................................................
0
0
1
2
0%
Properties Pending Sale .......................................
2
0
0
3
50.0%
Properties For Sale ................................................
5
5
7
8
60.0%
Days on Market (Pending Sale) ...........................
144
0
0
22
-84.7%
Month’s Supply of Inventory ................................
0
0
7
4
0%
Percent Under Contract ........................................
40.0%
0.0%
0.0%
37.5%
-6.2%
Average Median Price for Last 12 Months ........
$1,576,000
$1,308,438
$1,531,875
$1,324,750
-15.9%
*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 FEB MAR
$1,708,750
APR MAY
MEDIAN SALES PRICE
JUN
$479
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.708 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 : February 2015
telesproperties.com
Westminster DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$539,500
$545,000
$562,000
$530,000
-1.8%
Average Price per Square Foot ...........................
$322
$347
$344
$378
17.4%
Properties Sold .......................................................
24
37
29
19
-20.8%
Properties Pending Sale .......................................
35
32
26
36
2.9%
Properties For Sale ................................................
108
121
91
107
-0.9%
Days on Market (Pending Sale) ...........................
35
50
55
32
-8.6%
Month’s Supply of Inventory ................................
4.5
3.3
3.1
5.6
25.1%
Percent Under Contract ........................................
32.4%
26.4%
28.6%
33.6%
3.8%
Average Median Price for Last 12 Months ........
$499,000
$538,400
$533,967
$533,526
6.9%
*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 FEB
$539
MAR
$530,000
APR MAY
MEDIAN SALES PRICE
JUN
$378
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
West Bay - Santa Ana Heights DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,338,500
$1,283,750
$1,375,000
$1,630,000
21.8%
Average Price per Square Foot ...........................
$596
$549
$564
$948
59.1%
Properties Sold .......................................................
6
12
10
7
16.7%
Properties Pending Sale .......................................
9
7
12
13
44.4%
Properties For Sale ................................................
41
60
60
57
39.0%
Days on Market (Pending Sale) ...........................
68
80
104
129
89.7%
Month’s Supply of Inventory ................................
6.8
5
6
8.1
19.2%
Percent Under Contract ........................................
22.0%
11.7%
20.0%
22.8%
3.9%
Average Median Price for Last 12 Months ........
$1,429,000
$1,534,966
$1,522,599
$1,487,465
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 FEB
$1.338
MAR
$1,630,000
APR MAY
MEDIAN SALES PRICE
JUN
$948
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.630 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 2015
telesproperties.com
West Newport - Lido DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,525,000
$2,222,500
$1,976,000
$1,940,000
27.2%
Average Price per Square Foot ...........................
$836
$1,166
$832
$1,183
41.5%
Properties Sold .......................................................
4
10
4
11
175.0%
Properties Pending Sale .......................................
6
10
7
8
33.3%
Properties For Sale ................................................
39
53
48
49
25.6%
Days on Market (Pending Sale) ...........................
47
68
80
132
180.9%
Month’s Supply of Inventory ................................
9.8
5.3
12
4.5
-54.3%
Percent Under Contract ........................................
15.4%
18.9%
14.6%
16.3%
6.1%
Average Median Price for Last 12 Months ........
$1,807,000
$2,138,200
$2,155,000
$2,182,125
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 FEB
$1.525
MAR
$1,940,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,183
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.940 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 2015
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 : February 2015
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : February 2015
telesproperties.com
Carpinteria DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,875,000
$1,792,500
$820,000
$895,000
-68.9%
Average Price per Square Foot ...........................
$963
$625
$576
$1,057
9.8%
Properties Sold .......................................................
3
6
9
6
100.0%
Properties Pending Sale .......................................
2
7
4
11
450.0%
Properties For Sale ................................................
38
45
34
44
15.8%
Days on Market (Pending Sale) ...........................
264
157
37
37
-86.0%
Month’s Supply of Inventory ................................
12.7
7.5
3.8
7.3
-42.1%
Percent Under Contract ........................................
5.3%
15.6%
11.8%
25.0%
375.0%
Average Median Price for Last 12 Months ........
$1,107,000
$913,000
$945,500
$1,335,596
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 $2.875
FEB MAR
$895,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,057
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$895 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 2015
telesproperties.com
Goleta DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$870,000
$820,000
$700,000
$711,300
-18.2%
Average Price per Square Foot ...........................
$560
$445
$417
$0
-100.0%
Properties Sold .......................................................
5
7
7
1
-80.0%
Properties Pending Sale .......................................
8
8
7
16
100.0%
Properties For Sale ................................................
27
30
29
34
25.9%
Days on Market (Pending Sale) ...........................
16
18
58
57
256.2%
Month’s Supply of Inventory ................................
5.4
4.3
4.1
34
529.6%
Percent Under Contract ........................................
29.6%
26.7%
24.1%
47.1%
58.8%
Average Median Price for Last 12 Months ........
$792,000
$743,875
$712,917
$774,019
-2.3%
*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 $870
FEB MAR
$711,300
APR MAY
MEDIAN SALES PRICE
JUN
No sales
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
34 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$711 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 2015
telesproperties.com
Hope Ranch DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$3,750,000
$3,300,000
$1,899,000
$2,605,000
-30.5%
Average Price per Square Foot ...........................
$1,312
$832
$583
$988
-24.7%
Properties Sold .......................................................
1
5
2
5
400.0%
Properties Pending Sale .......................................
3
2
4
7
133.3%
Properties For Sale ................................................
34
37
28
25
-26.5%
Days on Market (Pending Sale) ...........................
16
31
354
64
300.0%
Month’s Supply of Inventory ................................
34
7.4
14
5
-85.3%
Percent Under Contract ........................................
8.8%
5.4%
14.3%
28.0%
217.3%
Average Median Price for Last 12 Months ........
$2,992,000
$2,672,833
$3,076,667
$2,964,250
-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 $3.750
FEB MAR
$2,605,000
APR MAY
MEDIAN SALES PRICE
JUN
$988
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.605 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 2015
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Montecito DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$2,220,000
$3,328,000
$2,675,000
$6,500,000
192.8%
Average Price per Square Foot ...........................
$1,197
$912
$793
$1,435
19.9%
Properties Sold .......................................................
8
23
5
11
37.5%
Properties Pending Sale .......................................
8
18
11
16
100.0%
Properties For Sale ................................................
151
173
143
145
-4.0%
Days on Market (Pending Sale) ...........................
212
127
128
81
-61.8%
Month’s Supply of Inventory ................................
18.9
7.5
28.6
13.2
-30.2%
Percent Under Contract ........................................
5.3%
10.4%
7.7%
11.0%
108.3%
Average Median Price for Last 12 Months ........
$2,434,000
$3,624,885
$4,565,437
$3,247,870
33.4%
*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 FEB
$2.220
MAR
$6,500,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,435
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$6.500 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 2015
telesproperties.com
Santa Barbara East of State DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,203,000
$1,315,000
$1,018,750
$1,000,000
-16.9%
Average Price per Square Foot ...........................
$536
$684
$675
$641
19.6%
Properties Sold .......................................................
18
28
24
13
-27.8%
Properties Pending Sale .......................................
22
27
24
31
40.9%
Properties For Sale ................................................
99
140
115
111
12.1%
Days on Market (Pending Sale) ...........................
28
61
89
46
64.3%
Month’s Supply of Inventory ................................
5.5
5
4.8
8.5
55.2%
Percent Under Contract ........................................
22.2%
19.3%
20.9%
27.9%
25.7%
Average Median Price for Last 12 Months ........
$1,052,000
$1,171,458
$1,193,333
$1,212,135
15.2%
*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
$1.203
MAR
$1,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$641
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Santa Barbara West of State DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$905,000
$1,338,000
$1,175,000
$1,070,000
18.2%
Average Price per Square Foot ...........................
$565
$723
$572
$1,038
83.7%
Properties Sold .......................................................
13
23
21
16
23.1%
Properties Pending Sale .......................................
18
23
19
24
33.3%
Properties For Sale ................................................
63
74
75
69
9.5%
Days on Market (Pending Sale) ...........................
55
28
59
55
0.0%
Month’s Supply of Inventory ................................
4.8
3.2
3.6
4.3
-11.0%
Percent Under Contract ........................................
28.6%
31.1%
25.3%
34.8%
21.7%
Average Median Price for Last 12 Months ........
$876,000
$1,045,833
$936,667
$1,002,731
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 FEB
$905
MAR
$1,070,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,038
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.070 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 2015
telesproperties.com
Santa Ynez DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$785,000
$946,250
$548,750
$500,000
-36.3%
Average Price per Square Foot ...........................
$328
$424
$395
$318
-3.0%
Properties Sold .......................................................
5
14
12
5
0.0%
Properties Pending Sale .......................................
11
8
10
11
0.0%
Properties For Sale ................................................
106
124
104
93
-12.3%
Days on Market (Pending Sale) ...........................
223
331
81
200
-10.3%
Month’s Supply of Inventory ................................
21.2
8.9
8.7
18.6
-12.3%
Percent Under Contract ........................................
10.4%
6.5%
9.6%
11.8%
14.0%
Average Median Price for Last 12 Months ........
$707,000
$610,042
$659,167
$682,615
-3.4%
*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 $785
FEB MAR
$500,000
APR MAY
MEDIAN SALES PRICE
JUN
$318
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
18.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 2015
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : February 2015
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County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : February 2015
telesproperties.com
Carmel DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,587,500
$1,260,000
$1,665,000
$1,700,000
7.1%
Average Price per Square Foot ...........................
$807
$733
$952
$1,000
23.9%
Properties Sold .......................................................
22
25
15
15
-31.8%
Properties Pending Sale .......................................
25
13
16
21
-16.0%
Properties For Sale ................................................
149
134
118
142
-4.7%
Days on Market (Pending Sale) ...........................
103
81
94
88
-14.6%
Month’s Supply of Inventory ................................
6.8
5.4
7.9
9.5
39.8%
Percent Under Contract ........................................
16.8%
9.7%
13.6%
14.8%
-11.9%
Average Median Price for Last 12 Months ........
$1,304,000
$1,513,942
$1,379,167
$1,422,973
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$1.587
MAR
$1,700,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,000
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.700 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 2015
telesproperties.com
Carmel Valley DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,317,500
$921,000
$721,500
$902,500
-31.5%
Average Price per Square Foot ...........................
$431
$426
$504
$451
4.6%
Properties Sold .......................................................
10
15
6
8
-20.0%
Properties Pending Sale .......................................
8
11
9
11
37.5%
Properties For Sale ................................................
85
97
93
67
-21.2%
Days on Market (Pending Sale) ...........................
64
181
78
117
82.8%
Month’s Supply of Inventory ................................
8.5
6.5
15.5
8.4
-1.5%
Percent Under Contract ........................................
9.4%
11.3%
9.7%
16.4%
74.4%
Average Median Price for Last 12 Months ........
$968,000
$922,250
$985,667
$945,673
-2.3%
*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 $1.317
FEB MAR
$902,500
APR MAY
MEDIAN SALES PRICE
JUN
$451
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Pacific Grove DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$745,000
$717,500
$840,000
$902,500
21.1%
Average Price per Square Foot ...........................
$451
$553
$610
$648
43.7%
Properties Sold .......................................................
5
12
13
8
60.0%
Properties Pending Sale .......................................
15
13
13
17
13.3%
Properties For Sale ................................................
54
64
58
57
5.6%
Days on Market (Pending Sale) ...........................
82
27
73
57
-30.5%
Month’s Supply of Inventory ................................
10.8
5.3
4.5
7.1
-34.0%
Percent Under Contract ........................................
27.8%
20.3%
22.4%
29.8%
7.4%
Average Median Price for Last 12 Months ........
$702,000
$773,583
$774,167
$742,708
5.8%
*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 FEB
$745
MAR
$902,500
APR MAY
MEDIAN SALES PRICE
JUN
$648
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$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 : February 2015
telesproperties.com
Pebble Beach DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,354,000
$1,610,000
$1,175,000
$1,862,500
37.6%
Average Price per Square Foot ...........................
$735
$578
$430
$765
4.1%
Properties Sold .......................................................
14
8
5
8
-42.9%
Properties Pending Sale .......................................
9
16
10
11
22.2%
Properties For Sale ................................................
78
98
84
88
12.8%
Days on Market (Pending Sale) ...........................
191
158
80
145
-24.1%
Month’s Supply of Inventory ................................
5.6
12.2
16.8
11
97.4%
Percent Under Contract ........................................
11.5%
16.3%
11.9%
12.5%
8.3%
Average Median Price for Last 12 Months ........
$1,480,000
$1,472,292
$1,600,417
$1,462,135
-1.2%
*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
$1.354
MAR
$1,862,500
APR MAY
MEDIAN SALES PRICE
JUN
$765
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.862 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 2015
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 : February 2015
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : February 2015
telesproperties.com
Beverly Center - Miracle Mile DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$769,500
$660,000
$670,000
$876,200
13.9%
Average Price per Square Foot ...........................
$605
$487
$490
$594
-1.8%
Properties Sold .......................................................
4
13
7
6
50.0%
Properties Pending Sale .......................................
11
10
7
10
-9.1%
Properties For Sale ................................................
24
34
36
36
50.0%
Days on Market (Pending Sale) ...........................
56
44
73
62
10.7%
Month’s Supply of Inventory ................................
6
2.6
5.1
6
0.0%
Percent Under Contract ........................................
45.8%
29.4%
19.4%
27.8%
-39.4%
Average Median Price for Last 12 Months ........
$627,000
$661,033
$708,733
$655,477
4.5%
*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 FEB
$769
MAR
$876,200
APR MAY
MEDIAN SALES PRICE
JUN
$594
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$876 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 2015
telesproperties.com
Beverly Hills DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,288,000
$1,259,000
$784,500
$1,058,888
-17.8%
Average Price per Square Foot ...........................
$612
$1,054
$702
$723
18.1%
Properties Sold .......................................................
10
9
6
9
-10.0%
Properties Pending Sale .......................................
8
8
7
18
125.0%
Properties For Sale ................................................
49
56
55
62
26.5%
Days on Market (Pending Sale) ...........................
83
48
89
73
-12.0%
Month’s Supply of Inventory ................................
4.9
6.2
9.2
6.9
40.6%
Percent Under Contract ........................................
16.3%
14.3%
12.7%
29.0%
77.8%
Average Median Price for Last 12 Months ........
$910,000
$1,076,815
$1,034,629
$1,066,414
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
$1.288
MAR
$1,058,888
APR MAY
MEDIAN SALES PRICE
JUN
$723
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.058 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 2015
telesproperties.com
Brentwood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$747,000
$809,500
$835,000
$606,900
-18.8%
Average Price per Square Foot ...........................
$466
$560
$521
$522
12.0%
Properties Sold .......................................................
9
30
14
9
0.0%
Properties Pending Sale .......................................
13
28
15
19
46.2%
Properties For Sale ................................................
66
105
75
66
0.0%
Days on Market (Pending Sale) ...........................
46
37
53
67
45.7%
Month’s Supply of Inventory ................................
7.3
3.5
5.4
7.3
0.0%
Percent Under Contract ........................................
19.7%
26.7%
20.0%
28.8%
46.2%
Average Median Price for Last 12 Months ........
$673,000
$708,983
$612,967
$735,223
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 $747
FEB MAR
$606,900
APR MAY
MEDIAN SALES PRICE
JUN
$522
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$606 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 2015
telesproperties.com
Culver City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$392,500
$442,000
$415,000
$382,000
-2.7%
Average Price per Square Foot ...........................
$354
$416
$357
$384
8.5%
Properties Sold .......................................................
10
15
15
9
-10.0%
Properties Pending Sale .......................................
16
19
13
27
68.8%
Properties For Sale ................................................
44
47
47
45
2.3%
Days on Market (Pending Sale) ...........................
41
35
46
37
-9.8%
Month’s Supply of Inventory ................................
4.4
3.1
3.1
5
13.6%
Percent Under Contract ........................................
36.4%
40.4%
27.7%
60.0%
65.0%
Average Median Price for Last 12 Months ........
$370,000
$409,333
$402,000
$411,904
11.3%
*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 FEB
$392
MAR
$382,000
APR MAY
MEDIAN SALES PRICE
JUN
$384
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$382 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 2015
telesproperties.com
Encino DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$377,000
$275,000
$287,000
$319,000
-15.4%
Average Price per Square Foot ...........................
$288
$273
$270
$314
9.0%
Properties Sold .......................................................
12
13
10
9
-25.0%
Properties Pending Sale .......................................
17
14
18
22
29.4%
Properties For Sale ................................................
33
46
46
30
-9.1%
Days on Market (Pending Sale) ...........................
57
57
80
64
12.3%
Month’s Supply of Inventory ................................
2.8
3.5
4.6
3.3
21.2%
Percent Under Contract ........................................
51.5%
30.4%
39.1%
73.3%
42.4%
Average Median Price for Last 12 Months ........
$283,923
$309,833
$312,333
$304,615
7.3%
*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 $377
FEB MAR
$319,000
APR MAY
MEDIAN SALES PRICE
JUN
$314
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$319 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 2015
telesproperties.com
Malibu DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$817,500
$1,100,000
$845,000
$2,050,000
150.8%
Average Price per Square Foot ...........................
$478
$536
$607
$855
78.9%
Properties Sold .......................................................
2
4
4
1
-50.0%
Properties Pending Sale .......................................
2
6
0
2
0.0%
Properties For Sale ................................................
22
33
22
21
-4.5%
Days on Market (Pending Sale) ...........................
32
51
0
14
-56.2%
Month’s Supply of Inventory ................................
11
8.2
5.5
21
90.9%
Percent Under Contract ........................................
9.1%
18.2%
0.0%
9.5%
4.8%
Average Median Price for Last 12 Months ........
$693,000
$1,052,500
$1,118,333
$945,577
36.4%
*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 FEB
$817
MAR
$2,050,000
APR MAY
MEDIAN SALES PRICE
JUN
$855
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
21 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.050 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 2015
telesproperties.com
Marina Del Rey DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$752,000
$777,500
$749,500
$989,000
31.5%
Average Price per Square Foot ...........................
$466
$517
$530
$744
59.7%
Properties Sold .......................................................
21
26
30
9
-57.1%
Properties Pending Sale .......................................
27
22
20
25
-7.4%
Properties For Sale ................................................
140
110
100
105
-25.0%
Days on Market (Pending Sale) ...........................
56
104
52
90
60.7%
Month’s Supply of Inventory ................................
6.7
4.2
3.3
11.7
75.0%
Percent Under Contract ........................................
19.3%
20.0%
20.0%
23.8%
23.5%
Average Median Price for Last 12 Months ........
$734,000
$812,292
$864,833
$788,327
7.4%
*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 FEB
$752
MAR
$989,000
APR MAY
MEDIAN SALES PRICE
JUN
$744
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$989 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 2015
telesproperties.com
Santa Monica DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$694,800
$1,010,000
$833,500
$698,000
0.5%
Average Price per Square Foot ...........................
$795
$993
$850
$760
-4.4%
Properties Sold .......................................................
23
53
30
20
-13.0%
Properties Pending Sale .......................................
41
51
39
24
-41.5%
Properties For Sale ................................................
124
171
127
103
-16.9%
Days on Market (Pending Sale) ...........................
54
44
42
33
-38.9%
Month’s Supply of Inventory ................................
5.4
3.2
4.2
5.2
-4.5%
Percent Under Contract ........................................
33.1%
29.8%
30.7%
23.3%
-29.5%
Average Median Price for Last 12 Months ........
$722,000
$929,275
$877,250
$902,496
25.0%
*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
$694
MAR
$698,000
APR MAY
MEDIAN SALES PRICE
JUN
$760
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$698 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 2015
telesproperties.com
Sherman Oaks DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$381,000
$390,000
$401,000
$430,000
12.9%
Average Price per Square Foot ...........................
$293
$295
$303
$349
19.1%
Properties Sold .......................................................
12
21
17
19
58.3%
Properties Pending Sale .......................................
18
19
25
33
83.3%
Properties For Sale ................................................
35
49
46
35
0.0%
Days on Market (Pending Sale) ...........................
53
48
87
60
13.2%
Month’s Supply of Inventory ................................
2.9
2.3
2.7
1.8
-36.8%
Percent Under Contract ........................................
51.4%
38.8%
54.3%
94.3%
83.3%
Average Median Price for Last 12 Months ........
$369,462
$405,167
$416,000
$398,923
8.0%
*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
$381
MAR
$430,000
APR MAY
MEDIAN SALES PRICE
JUN
$349
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$430 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 2015
telesproperties.com
Studio City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$439,000
$530,000
$613,000
$515,000
17.3%
Average Price per Square Foot ...........................
$396
$409
$375
$388
-2.0%
Properties Sold .......................................................
9
13
6
11
22.2%
Properties Pending Sale .......................................
10
9
7
12
20.0%
Properties For Sale ................................................
29
32
32
29
0.0%
Days on Market (Pending Sale) ...........................
47
58
96
49
4.3%
Month’s Supply of Inventory ................................
3.2
2.5
5.3
2.6
-18.2%
Percent Under Contract ........................................
34.5%
28.1%
21.9%
41.4%
20.0%
Average Median Price for Last 12 Months ........
$455,462
$508,500
$496,333
$496,462
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 FEB
$439
MAR
$515,000
APR MAY
MEDIAN SALES PRICE
JUN
$388
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$515 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 2015
telesproperties.com
Venice DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$1,179,000
$1,287,500
$729,000
$1,228,500
4.2%
Average Price per Square Foot ...........................
$788
$885
$562
$769
-2.4%
Properties Sold .......................................................
5
4
3
2
-60.0%
Properties Pending Sale .......................................
3
7
2
2
-33.3%
Properties For Sale ................................................
11
30
26
16
45.5%
Days on Market (Pending Sale) ...........................
23
76
128
22
-4.3%
Month’s Supply of Inventory ................................
2.2
7.5
8.7
8
263.6%
Percent Under Contract ........................................
27.3%
23.3%
7.7%
12.5%
-54.2%
Average Median Price for Last 12 Months ........
$1,090,000
$1,006,200
$1,163,500
$1,128,192
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 FEB
$1.179
MAR
$1,228,500
APR MAY
MEDIAN SALES PRICE
JUN
$769
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.228 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 2015
telesproperties.com
West Hollywood DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$563,750
$642,500
$644,500
$650,000
15.3%
Average Price per Square Foot ...........................
$506
$542
$549
$585
15.6%
Properties Sold .......................................................
24
28
28
33
37.5%
Properties Pending Sale .......................................
27
25
23
33
22.2%
Properties For Sale ................................................
108
135
133
129
19.4%
Days on Market (Pending Sale) ...........................
39
33
58
49
25.6%
Month’s Supply of Inventory ................................
4.5
4.8
4.8
3.9
-13.1%
Percent Under Contract ........................................
25.0%
18.5%
17.3%
25.6%
2.3%
Average Median Price for Last 12 Months ........
$547,000
$629,917
$623,333
$626,519
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 FEB
$563
MAR
$650,000
APR MAY
MEDIAN SALES PRICE
JUN
$585
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$650 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 2015
telesproperties.com
West LA DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$600,000
$620,000
$717,000
$622,500
3.8%
Average Price per Square Foot ...........................
$441
$473
$490
$510
15.6%
Properties Sold .......................................................
13
13
8
16
23.1%
Properties Pending Sale .......................................
12
14
10
17
41.7%
Properties For Sale ................................................
44
54
52
46
4.5%
Days on Market (Pending Sale) ...........................
43
38
72
25
-41.9%
Month’s Supply of Inventory ................................
3.4
4.2
6.5
2.9
-15.1%
Percent Under Contract ........................................
27.3%
25.9%
19.2%
37.0%
35.5%
Average Median Price for Last 12 Months ........
$625,000
$614,917
$575,667
$621,154
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot FEB
$600
MAR
$622,500
APR MAY
MEDIAN SALES PRICE
JUN
$510
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$622 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 2015
telesproperties.com
Westwood - Century City DATA*
Feb 2014
6 month
3 month
Feb 2015
% change
Median Price ..........................................................
$816,063
$750,875
$810,000
$852,500
4.5%
Average Price per Square Foot ...........................
$608
$571
$596
$518
-14.8%
Properties Sold .......................................................
40
40
33
20
-50.0%
Properties Pending Sale .......................................
39
54
41
61
56.4%
Properties For Sale ................................................
268
296
270
257
-4.1%
Days on Market (Pending Sale) ...........................
89
78
57
79
-11.2%
Month’s Supply of Inventory ................................
6.7
7.4
8.2
12.8
91.8%
Percent Under Contract ........................................
14.6%
18.2%
15.2%
23.7%
63.1%
Average Median Price for Last 12 Months ........
$700,000
$778,167
$785,500
$773,611
10.5%
*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 FEB
$816
MAR
$852,500
APR MAY
MEDIAN SALES PRICE
JUN
$518
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$852 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 2015
telesproperties.com
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February 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES Š2015 Teles Properties, Inc. Teles Properties is a registered trademark.