MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH February 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
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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:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : February 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : February 2018
LOS ANGELES COUNTY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$580,000
$640,000
$621,000
$640,000
10.3%
Average Price per Square Foot ..............
$455
$468
$483
$488
7.3%
Properties Sold ...................................
2891
5039
3916
2838
-1.8%
Properties Pending Sale .......................
4093
5218
4590
4109
0.4%
Properties For Sale ..............................
14,644
18,034
16,811
14,302
-2.3%
Days on Market (Pending Sale) .............
44
36
39
36
-18.2%
Month’s Supply of Inventory .................
5.1
3.6
4.3
5
-0.5%
Percent Under Contract .......................
28.0%
28.9%
27.3%
28.7%
2.8%
$583,042
$622,350
$621,667
$620,008
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$580
MAR
$640,000
APR MAY
MEDIAN SALES PRICE
JUN
$488
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEL-AIR HOLMBY HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,390,000
$2,215,000
$3,292,266
$1,900,000
-20.5%
Average Price per Square Foot ..............
$1,120
$909
$1,516
$1,060
-5.4%
Properties Sold ...................................
11
15
11
11
0.0%
Properties Pending Sale .......................
16
21
15
13
-18.8%
Properties For Sale ..............................
139
173
160
137
-1.4%
Days on Market (Pending Sale) .............
82
71
54
83
1.2%
Month’s Supply of Inventory .................
12.6
11.5
14.5
12.5
-1.4%
Percent Under Contract .......................
11.5%
12.1%
9.4%
9.5%
-17.6%
$2,030,000
$3,310,378
$3,971,667
$2,859,469
29.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.390
MAR
$1,900,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,060
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,575,000
$1,725,000
$1,580,500
$1,955,000
24.1%
Average Price per Square Foot ..............
$737
$845
$882
$773
4.9%
Properties Sold ...................................
23
19
14
13
-43.5%
Properties Pending Sale .......................
23
25
13
16
-30.4%
Properties For Sale ..............................
86
87
74
64
-25.6%
Days on Market (Pending Sale) .............
59
35
62
63
6.8%
Month’s Supply of Inventory .................
3.7
4.6
5.3
4.9
31.7%
Percent Under Contract .......................
26.7%
28.7%
17.6%
25.0%
-6.5%
$1,539,375
$1,673,323
$1,836,479
$1,698,369
9.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.575
MAR
$1,955,000
APR MAY
MEDIAN SALES PRICE
JUN
$773
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.955 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEVERLY HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$6,700,000
$3,675,500
$6,175,000
$2,970,000
-55.7%
Average Price per Square Foot ..............
$1,411
$1,403
$1,691
$1,785
26.5%
Properties Sold ...................................
9
12
11
7
-22.2%
Properties Pending Sale .......................
9
15
10
17
88.9%
Properties For Sale ..............................
100
122
109
105
5.0%
Days on Market (Pending Sale) .............
44
58
118
52
18.2%
Month’s Supply of Inventory .................
11.1
10.2
9.9
15
35.0%
Percent Under Contract .......................
9.0%
12.3%
9.2%
16.2%
79.9%
$4,837,555
$5,824,875
$4,556,333
$5,489,019
11.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $6.700
FEB MAR
$2,970,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,785
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
15 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.970 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEVERLY HILLS- POST OFFICE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,820,590
$2,740,000
$3,050,000
$2,609,500
-7.5%
Average Price per Square Foot ..............
$875
$857
$988
$885
1.1%
Properties Sold ...................................
8
21
13
10
25.0%
Properties Pending Sale .......................
4
18
5
24
500.0%
Properties For Sale ..............................
145
170
151
148
2.1%
Days on Market (Pending Sale) .............
93
81
71
83
-10.8%
Month’s Supply of Inventory .................
18.1
8.1
11.6
14.8
-18.3%
Percent Under Contract .......................
2.8%
10.6%
3.3%
16.2%
487.8%
$2,662,241
$3,205,917
$2,795,167
$3,398,065
21.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.820
MAR
$2,609,500
APR MAY
MEDIAN SALES PRICE
JUN
$885
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.609 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEVERLYWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,102,000
$1,150,000
$1,482,500
$1,420,050
28.9%
Average Price per Square Foot ..............
$634
$761
$770
$727
14.7%
Properties Sold ...................................
12
16
14
8
-33.3%
Properties Pending Sale .......................
18
14
7
13
-27.8%
Properties For Sale ..............................
48
43
49
44
-8.3%
Days on Market (Pending Sale) .............
47
21
22
34
-27.7%
Month’s Supply of Inventory .................
4
2.7
3.5
5.5
37.5%
Percent Under Contract .......................
37.5%
32.6%
14.3%
29.5%
-21.2%
$1,244,868
$1,561,175
$1,669,850
$1,448,102
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.102
MAR
$1,420,050
APR MAY
MEDIAN SALES PRICE
JUN
$727
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.420 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BRENTWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,725,000
$3,457,500
$3,150,000
$2,920,000
7.2%
Average Price per Square Foot ..............
$1,082
$1,022
$1,096
$1,127
4.2%
Properties Sold ...................................
15
22
21
15
0.0%
Properties Pending Sale .......................
20
22
24
18
-10.0%
Properties For Sale ..............................
138
138
154
134
-2.9%
Days on Market (Pending Sale) .............
46
51
37
52
13.0%
Month’s Supply of Inventory .................
9.2
6.3
7.3
8.9
-2.9%
Percent Under Contract .......................
14.5%
15.9%
15.6%
13.4%
-7.3%
$3,227,208
$3,309,925
$3,199,850
$3,179,248
-1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.725
MAR
$2,920,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,127
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,775,000
$1,745,000
$1,825,000
$1,801,500
1.5%
Average Price per Square Foot ..............
$891
$859
$918
$872
-2.1%
Properties Sold ...................................
3
8
7
4
33.3%
Properties Pending Sale .......................
12
6
7
8
-33.3%
Properties For Sale ..............................
30
22
22
28
-6.7%
Days on Market (Pending Sale) .............
48
28
23
31
-35.4%
Month’s Supply of Inventory .................
10
2.8
3.1
7
-30.0%
Percent Under Contract .......................
40.0%
27.3%
31.8%
28.6%
-28.6%
$1,993,667
$1,917,129
$1,665,083
$2,017,906
1.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.775
MAR
$1,801,500
APR MAY
MEDIAN SALES PRICE
JUN
$872
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.801 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CULVER CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,140,000
$1,184,000
$1,154,000
$1,585,000
39.0%
Average Price per Square Foot ..............
$792
$783
$758
$804
1.5%
Properties Sold ...................................
7
27
21
6
-14.3%
Properties Pending Sale .......................
17
24
19
13
-23.5%
Properties For Sale ..............................
49
68
54
44
-10.2%
Days on Market (Pending Sale) .............
47
26
42
19
-59.6%
Month’s Supply of Inventory .................
7
2.5
2.6
7.3
4.8%
Percent Under Contract .......................
34.7%
35.3%
35.2%
29.5%
-14.8%
$1,134,583
$1,255,167
$1,318,333
$1,215,577
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.140
MAR
$1,585,000
APR MAY
MEDIAN SALES PRICE
JUN
$804
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.585 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DOWNTOWN
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$379,000
$350,000
$558,000
$400,000
5.5%
Average Price per Square Foot ..............
$275
$359
$272
$498
81.1%
Properties Sold ...................................
5
9
5
5
0.0%
Properties Pending Sale .......................
15
13
14
13
-13.3%
Properties For Sale ..............................
49
55
55
49
0.0%
Days on Market (Pending Sale) .............
35
35
38
45
28.6%
Month’s Supply of Inventory .................
9.8
6.1
11
9.8
0.0%
Percent Under Contract .......................
30.6%
23.6%
25.5%
26.5%
-13.3%
$343,705
$404,322
$383,810
$394,206
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$379
MAR
$400,000
APR MAY
MEDIAN SALES PRICE
JUN
$498
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HANCOCK PARK - WILSHIRE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,500,000
$1,630,000
$1,503,530
$1,475,000
-1.7%
Average Price per Square Foot ..............
$693
$634
$826
$616
-11.1%
Properties Sold ...................................
20
25
21
11
-45.0%
Properties Pending Sale .......................
21
31
23
19
-9.5%
Properties For Sale ..............................
91
98
89
89
-2.2%
Days on Market (Pending Sale) .............
55
65
79
54
-1.8%
Month’s Supply of Inventory .................
4.6
3.9
4.2
8.1
77.8%
Percent Under Contract .......................
23.1%
31.6%
25.8%
21.3%
-7.5%
$1,658,793
$1,782,213
$1,715,333
$1,681,195
1.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.500
MAR
$1,475,000
APR MAY
MEDIAN SALES PRICE
JUN
$616
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.475 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HOLLYWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$777,049
$1,059,000
$1,179,500
$997,500
28.4%
Average Price per Square Foot ..............
$584
$622
$591
$660
13.0%
Properties Sold ...................................
4
13
6
6
50.0%
Properties Pending Sale .......................
3
10
5
7
133.3%
Properties For Sale ..............................
39
49
36
41
5.1%
Days on Market (Pending Sale) .............
23
65
33
31
34.8%
Month’s Supply of Inventory .................
9.8
3.8
6
6.8
-29.9%
Percent Under Contract .......................
7.7%
20.4%
13.9%
17.1%
122.0%
$994,254
$969,750
$913,333
$939,494
-5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$777
MAR
$997,500
APR MAY
MEDIAN SALES PRICE
JUN
$660
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$997 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HOLLYWOOD HILLS EAST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,206,500
$1,452,000
$1,486,000
$1,476,000
22.3%
Average Price per Square Foot ..............
$582
$596
$436
$614
5.5%
Properties Sold ...................................
10
7
4
8
-20.0%
Properties Pending Sale .......................
9
16
16
15
66.7%
Properties For Sale ..............................
80
75
79
70
-12.5%
Days on Market (Pending Sale) .............
61
78
66
47
-23.0%
Month’s Supply of Inventory .................
8.9
4.7
4.9
8.7
-1.6%
Percent Under Contract .......................
11.2%
21.3%
20.3%
21.4%
90.5%
$1,438,396
$1,441,750
$1,446,500
$1,449,535
0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.206
MAR
$1,476,000
APR MAY
MEDIAN SALES PRICE
JUN
$614
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.476 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
INGLEWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$460,000
$570,000
$567,500
$532,000
15.7%
Average Price per Square Foot ..............
$331
$385
$431
$411
24.2%
Properties Sold ...................................
12
23
12
13
8.3%
Properties Pending Sale .......................
20
21
23
20
0.0%
Properties For Sale ..............................
68
65
65
80
17.6%
Days on Market (Pending Sale) .............
19
29
48
31
63.2%
Month’s Supply of Inventory .................
3.4
3.1
2.8
6.2
81.0%
Percent Under Contract .......................
29.4%
32.3%
35.4%
25.0%
-15.0%
$465,613
$558,883
$575,667
$541,283
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$460
MAR
$532,000
APR MAY
MEDIAN SALES PRICE
JUN
$411
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$532 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LADERA HEIGHTS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,090,000
$1,250,000
$1,197,500
$1,117,000
2.5%
Average Price per Square Foot ..............
$456
$396
$427
$467
2.4%
Properties Sold ...................................
3
11
5
4
33.3%
Properties Pending Sale .......................
6
4
6
8
33.3%
Properties For Sale ..............................
19
23
23
24
26.3%
Days on Market (Pending Sale) .............
50
43
48
48
-4.0%
Month’s Supply of Inventory .................
3.2
5.8
3.8
6
89.5%
Percent Under Contract .......................
31.6%
17.4%
26.1%
33.3%
5.6%
$1,004,865
$1,262,800
$1,198,100
$1,168,388
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.090
MAR
$1,117,000
APR MAY
MEDIAN SALES PRICE
JUN
$467
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.117 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LAUREL CANYON
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,320,300
$1,637,500
$1,600,000
$2,575,000
95.0%
Average Price per Square Foot ..............
$693
$738
$747
$891
28.6%
Properties Sold ...................................
24
26
25
9
-62.5%
Properties Pending Sale .......................
25
30
24
28
12.0%
Properties For Sale ..............................
143
177
153
150
4.9%
Days on Market (Pending Sale) .............
48
35
70
62
29.2%
Month’s Supply of Inventory .................
5.7
5.9
6.4
5.4
-6.3%
Percent Under Contract .......................
17.5%
16.9%
15.7%
18.7%
6.8%
$1,599,882
$1,880,833
$2,200,833
$1,782,273
11.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.320
MAR
$2,575,000
APR MAY
MEDIAN SALES PRICE
JUN
$891
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LOS FELIZ
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,732,500
$1,625,000
$1,765,000
$1,725,000
-0.4%
Average Price per Square Foot ..............
$661
$718
$830
$806
21.9%
Properties Sold ...................................
10
19
20
9
-10.0%
Properties Pending Sale .......................
16
25
14
20
25.0%
Properties For Sale ..............................
81
95
80
66
-18.5%
Days on Market (Pending Sale) .............
39
39
48
46
17.9%
Month’s Supply of Inventory .................
5.1
3.8
5.7
7.3
44.9%
Percent Under Contract .......................
19.8%
26.3%
17.5%
30.3%
53.4%
$1,633,514
$1,762,250
$1,841,667
$1,687,769
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.732
MAR
$1,725,000
APR MAY
MEDIAN SALES PRICE
JUN
$806
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.725 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MALIBU
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,737,500
$3,323,625
$2,015,000
$1,300,000
-52.5%
Average Price per Square Foot ..............
$1,132
$1,240
$773
$632
-44.2%
Properties Sold ...................................
12
22
14
5
-58.3%
Properties Pending Sale .......................
12
0
16
12
0.0%
Properties For Sale ..............................
194
215
197
200
3.1%
Days on Market (Pending Sale) .............
155
111
110
125
-19.4%
Month’s Supply of Inventory .................
16.2
9.8
14.1
40
147.4%
Percent Under Contract .......................
6.2%
%
8.1%
6.0%
-3.0%
$2,560,583
$2,219,250
$1,915,167
$2,654,671
3.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.737
FEB MAR
$1,300,000
APR MAY
MEDIAN SALES PRICE
JUN
$632
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
40 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MALIBU BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$11,912,000
$6,940,000
$13,000,000
$3,450,000
-71.0%
Average Price per Square Foot ..............
$2,360
$2,246
$2,724
$1,496
-36.6%
Properties Sold ...................................
2
3
1
4
100.0%
Properties Pending Sale .......................
4
4
5
2
-50.0%
Properties For Sale ..............................
70
90
78
73
4.3%
Days on Market (Pending Sale) .............
141
147
107
286
102.8%
Month’s Supply of Inventory .................
35
30
78
18.2
-47.9%
Percent Under Contract .......................
5.7%
4.4%
6.4%
2.7%
-52.1%
$7,249,021
$8,451,885
$7,912,102
$8,487,831
14.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $11.912
FEB MAR
$3,450,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,496
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
18.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MARINA DEL REY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,559,500
$1,381,500
$1,450,000
$1,625,000
4.2%
Average Price per Square Foot ..............
$853
$764
$751
$781
-8.4%
Properties Sold ...................................
6
10
7
7
16.7%
Properties Pending Sale .......................
6
6
7
10
66.7%
Properties For Sale ..............................
27
34
30
30
11.1%
Days on Market (Pending Sale) .............
46
59
43
48
4.3%
Month’s Supply of Inventory .................
4.5
3.4
4.3
4.3
-4.8%
Percent Under Contract .......................
22.2%
17.6%
23.3%
33.3%
50.0%
$1,423,460
$1,718,417
$1,923,500
$1,532,346
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.559
MAR
$1,625,000
APR MAY
MEDIAN SALES PRICE
JUN
$781
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MID LOS ANGELES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$665,000
$717,500
$608,000
$754,000
13.4%
Average Price per Square Foot ..............
$434
$456
$461
$512
18.0%
Properties Sold ...................................
23
44
29
22
-4.3%
Properties Pending Sale .......................
26
35
31
46
76.9%
Properties For Sale ..............................
107
117
118
126
17.8%
Days on Market (Pending Sale) .............
39
27
26
38
-2.6%
Month’s Supply of Inventory .................
4.7
2.7
4.1
5.7
23.1%
Percent Under Contract .......................
24.3%
29.9%
26.3%
36.5%
50.2%
$616,935
$716,233
$704,800
$707,627
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$665
MAR
$754,000
APR MAY
MEDIAN SALES PRICE
JUN
$512
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$754 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MID WILSHIRE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$857,500
$865,000
$820,000
$0
-100.0%
Average Price per Square Foot ..............
$489
$407
$533
$0
-100.0%
Properties Sold ...................................
6
7
7
0
-100.0%
Properties Pending Sale .......................
5
9
8
8
60.0%
Properties For Sale ..............................
24
24
31
29
20.8%
Days on Market (Pending Sale) .............
18
49
34
46
155.6%
Month’s Supply of Inventory .................
4
3.4
4.4
n/a
n/a
Percent Under Contract .......................
20.8%
37.5%
25.8%
27.6%
32.4%
$846,825
$1,059,300
$1,163,250
$978,792
13.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$857
MAR
NO SALES
APR MAY
MEDIAN SALES PRICE
JUN
NO SALES
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
N/A MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PACIFIC PALISADES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,895,000
$3,155,500
$3,297,500
$3,210,344
10.9%
Average Price per Square Foot ..............
$1,024
$1,059
$1,219
$1,022
-0.2%
Properties Sold ...................................
17
34
18
14
-17.6%
Properties Pending Sale .......................
22
25
12
22
0.0%
Properties For Sale ..............................
98
118
104
102
4.1%
Days on Market (Pending Sale) .............
65
70
17
41
-36.9%
Month’s Supply of Inventory .................
5.8
3.5
5.8
7.3
26.4%
Percent Under Contract .......................
22.4%
21.2%
11.5%
21.6%
-3.9%
$2,928,515
$3,062,700
$2,898,733
$3,141,037
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.895
MAR
$3,210,344
APR MAY
MEDIAN SALES PRICE
JUN
$1,022
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.210 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PALMS - MAR VISTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,650,000
$1,594,800
$1,567,500
$1,595,000
-3.3%
Average Price per Square Foot ..............
$768
$803
$827
$850
10.7%
Properties Sold ...................................
16
27
28
23
43.8%
Properties Pending Sale .......................
24
30
24
32
33.3%
Properties For Sale ..............................
68
97
77
76
11.8%
Days on Market (Pending Sale) .............
35
34
30
27
-22.9%
Month’s Supply of Inventory .................
4.2
3.6
2.8
3.3
-22.3%
Percent Under Contract .......................
35.3%
30.9%
31.2%
42.1%
19.3%
$1,403,502
$1,540,752
$1,571,917
$1,515,179
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.650
FEB MAR
$1,595,000
APR MAY
MEDIAN SALES PRICE
JUN
$850
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.595 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PLAYA DEL REY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$0
$1,800,000
$1,121,275
$1,681,775
n/a
Average Price per Square Foot ..............
$0
$732
$1,005
$575
n/a
Properties Sold ...................................
0
5
1
6
n/a
Properties Pending Sale .......................
5
5
2
5
0.0%
Properties For Sale ..............................
19
21
24
26
36.8%
Days on Market (Pending Sale) .............
48
56
20
31
-35.4%
Month’s Supply of Inventory .................
n/a
4.2
24
4.3
n/a
Percent Under Contract .......................
26.3%
23.8%
8.3%
19.2%
-26.9%
$1,422,875
$1,540,342
$1,623,758
$1,642,463
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB MAR
$1,681,775
APR MAY
MEDIAN SALES PRICE
JUN
$575
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.681 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PLAYA VISTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,552,000
$2,962,062
$1,875,000
$0
-100.0%
Average Price per Square Foot ..............
$780
$762
$801
$0
-100.0%
Properties Sold ...................................
2
4
2
0
-100.0%
Properties Pending Sale .......................
2
3
4
2
0.0%
Properties For Sale ..............................
13
15
10
11
-15.4%
Days on Market (Pending Sale) .............
50
17
74
8
-84.0%
Month’s Supply of Inventory .................
6.5
3.8
5
0.2
-97.2%
Percent Under Contract .......................
15.4%
20.0%
40.0%
18.2%
18.2%
$1,310,271
$2,704,320
$2,667,250
$2,375,305
81.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.552
MAR
NO SALES
APR MAY
MEDIAN SALES PRICE
JUN
NO SALES
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
0.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA MONICA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,552,000
$2,302,500
$3,350,000
$2,947,250
15.5%
Average Price per Square Foot ..............
$780
$1,163
$1,195
$1,021
30.9%
Properties Sold ...................................
2
22
18
12
500.0%
Properties Pending Sale .......................
2
22
14
14
600.0%
Properties For Sale ..............................
13
91
92
85
553.8%
Days on Market (Pending Sale) .............
50
48
32
34
-32.0%
Month’s Supply of Inventory .................
6.5
4.1
5.1
7.1
9.0%
Percent Under Contract .......................
15.4%
24.2%
15.2%
16.5%
7.1%
$2,446,829
$3,161,458
$2,742,417
$2,807,981
12.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.552
MAR
$2,947,250
APR MAY
MEDIAN SALES PRICE
JUN
$1,021
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.947 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,900,000
$1,639,500
$2,038,750
$2,735,000
43.9%
Average Price per Square Foot ..............
$857
$839
$844
$1,142
33.3%
Properties Sold ...................................
35
41
38
23
-34.3%
Properties Pending Sale .......................
47
45
36
49
4.3%
Properties For Sale ..............................
295
366
335
332
12.5%
Days on Market (Pending Sale) .............
53
49
69
63
18.9%
Month’s Supply of Inventory .................
8.4
8.9
8.8
14.4
71.3%
Percent Under Contract .......................
15.9%
12.3%
10.7%
14.8%
-7.4%
$1,743,738
$1,966,458
$2,173,333
$1,917,626
9.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.900
MAR
$2,735,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,142
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
VENICE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,673,000
$1,857,500
$1,985,000
$1,852,000
10.7%
Average Price per Square Foot ..............
$1,036
$1,078
$1,029
$1,237
19.4%
Properties Sold ...................................
13
20
23
17
30.8%
Properties Pending Sale .......................
22
24
17
15
-31.8%
Properties For Sale ..............................
100
137
87
80
-20.0%
Days on Market (Pending Sale) .............
49
41
31
48
-2.0%
Month’s Supply of Inventory .................
7.7
6.8
3.8
4.7
-38.8%
Percent Under Contract .......................
22.0%
17.5%
19.5%
18.8%
-14.8%
$1,820,853
$2,013,708
$1,946,500
$2,057,712
13.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.673
MAR
$1,852,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,237
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.852 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST HOLLYWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,700,000
$1,925,000
$1,615,000
$2,625,000
54.4%
Average Price per Square Foot ..............
$890
$826
$857
$878
-1.3%
Properties Sold ...................................
9
11
11
9
0.0%
Properties Pending Sale .......................
8
12
11
16
100.0%
Properties For Sale ..............................
52
53
57
51
-1.9%
Days on Market (Pending Sale) .............
67
36
51
43
-35.8%
Month’s Supply of Inventory .................
5.8
4.8
5.2
5.7
-1.9%
Percent Under Contract .......................
15.4%
22.6%
19.3%
31.4%
103.9%
$1,603,231
$1,996,875
$2,270,417
$1,812,758
11.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.700
MAR
$2,625,000
APR MAY
MEDIAN SALES PRICE
JUN
$878
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.625 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST LOS ANGELES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,032,500
$1,229,000
$1,500,000
$1,288,000
24.7%
Average Price per Square Foot ..............
$606
$811
$786
$1,205
98.8%
Properties Sold ...................................
6
13
7
5
-16.7%
Properties Pending Sale .......................
8
20
10
5
-37.5%
Properties For Sale ..............................
36
50
37
34
-5.6%
Days on Market (Pending Sale) .............
27
33
36
40
48.1%
Month’s Supply of Inventory .................
6
3.8
5.3
6.8
13.3%
Percent Under Contract .......................
22.2%
40.0%
27.0%
14.7%
-33.8%
$1,025,271
$1,308,721
$1,291,192
$1,227,987
19.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.032
MAR
$1,288,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,205
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.288 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WESTCHESTER
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,056,000
$1,210,000
$1,180,000
$1,240,000
17.4%
Average Price per Square Foot ..............
$663
$642
$641
$707
6.6%
Properties Sold ...................................
25
41
29
23
-8.0%
Properties Pending Sale .......................
16
25
22
29
81.2%
Properties For Sale ..............................
53
86
74
62
17.0%
Days on Market (Pending Sale) .............
29
28
32
29
0.0%
Month’s Supply of Inventory .................
2.1
2.1
2.6
2.7
27.2%
Percent Under Contract .......................
30.2%
29.1%
29.7%
46.8%
54.9%
$1,065,121
$1,180,007
$1,167,515
$1,157,696
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.056
MAR
$1,240,000
APR MAY
MEDIAN SALES PRICE
JUN
$707
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.240 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WESTWOOD - CENTURY CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,530,000
$1,945,000
$2,361,000
$2,355,000
53.9%
Average Price per Square Foot ..............
$900
$847
$871
$850
-5.6%
Properties Sold ...................................
13
15
15
9
-30.8%
Properties Pending Sale .......................
14
16
15
16
14.3%
Properties For Sale ..............................
46
55
59
60
30.4%
Days on Market (Pending Sale) .............
18
41
30
27
50.0%
Month’s Supply of Inventory .................
3.5
3.7
3.9
6.7
88.4%
Percent Under Contract .......................
30.4%
29.1%
25.4%
26.7%
-12.4%
$1,876,761
$2,259,019
$2,137,833
$2,136,486
13.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.530
MAR
$2,355,000
APR MAY
MEDIAN SALES PRICE
JUN
$850
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.355 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SOUTH BAY MACRO MARKET
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,246,983
$1,301,571
$1,333,667
$1,194,814
-4.2%
Average Price per Square Foot ..............
$591
$645
$632
$700
18.4%
Properties Sold ...................................
151
282
213
158
4.6%
Properties Pending Sale .......................
228
258
194
208
-8.8%
Properties For Sale ..............................
760
936
768
852
12.1%
Days on Market (Pending Sale) .............
44
40
43
27
-39.1%
Month’s Supply of Inventory .................
5
3.3
3.6
5.4
7.1%
Percent Under Contract .......................
30.0%
27.6%
25.3%
24.4%
-18.6%
$1,264,181
$1,310,160
$1,276,119
$1,342,974
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.246
MAR
$1,194,814
APR MAY
MEDIAN SALES PRICE
JUN
$700
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.194 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
EL SEGUNDO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,275,000
$1,275,000
$1,310,000
$1,507,500
18.2%
Average Price per Square Foot ..............
$712
$732
$720
$642
-9.8%
Properties Sold ...................................
3
11
9
6
100.0%
Properties Pending Sale .......................
17
6
5
9
-47.1%
Properties For Sale ..............................
64
23
22
182
184.4%
Days on Market (Pending Sale) .............
34
43
41
26
-23.5%
Month’s Supply of Inventory .................
21.3
0
2.4
30.3
42.2%
Percent Under Contract .......................
26.6%
26.1%
22.7%
4.9%
-81.4%
$1,300,506
$1,360,500
$1,429,500
$1,310,038
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.275
MAR
$1,507,500
APR MAY
MEDIAN SALES PRICE
JUN
$642
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
30.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.507 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HERMOSA BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,260,000
$1,850,000
$1,575,000
$1,472,500
16.9%
Average Price per Square Foot ..............
$475
$1,160
$904
$1,480
211.6%
Properties Sold ...................................
2
13
12
4
100.0%
Properties Pending Sale .......................
7
7
7
3
-57.1%
Properties For Sale ..............................
35
43
34
28
-20.0%
Days on Market (Pending Sale) .............
54
41
43
22
-59.3%
Month’s Supply of Inventory .................
17.5
3.3
2.8
7
-60.0%
Percent Under Contract .......................
20.0%
16.3%
20.6%
10.7%
-46.4%
$1,660,573
$1,938,750
$1,825,833
$1,942,896
17.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.260
MAR
$1,472,500
APR MAY
MEDIAN SALES PRICE
JUN
$1,480
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.472 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MANHATTAN BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,575,500
$2,565,000
$2,275,000
$2,250,000
42.8%
Average Price per Square Foot ..............
$1,061
$1,203
$1,016
$935
-11.9%
Properties Sold ...................................
12
28
26
18
50.0%
Properties Pending Sale .......................
24
21
24
22
-8.3%
Properties For Sale ..............................
126
136
122
101
-19.8%
Days on Market (Pending Sale) .............
53
62
68
44
-17.0%
Month’s Supply of Inventory .................
10.5
4.9
4.7
5.6
-46.6%
Percent Under Contract .......................
19.0%
15.4%
19.7%
21.8%
14.4%
$2,242,917
$2,471,583
$2,388,333
$2,402,077
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.575
MAR
$2,250,000
APR MAY
MEDIAN SALES PRICE
JUN
$935
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PALOS VERDES ESTATES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,720,000
$1,960,000
$1,625,000
$1,685,000
-2.0%
Average Price per Square Foot ..............
$707
$652
$670
$717
1.4%
Properties Sold ...................................
15
14
11
9
-40.0%
Properties Pending Sale .......................
26
24
11
16
-38.5%
Properties For Sale ..............................
86
95
67
72
-16.3%
Days on Market (Pending Sale) .............
59
60
40
45
-23.7%
Month’s Supply of Inventory .................
5.7
6.8
6.1
8
39.5%
Percent Under Contract .......................
30.2%
25.3%
16.4%
22.2%
-26.5%
$1,902,029
$1,698,542
$1,711,167
$1,849,827
-2.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.720
MAR
$1,685,000
APR MAY
MEDIAN SALES PRICE
JUN
$717
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.685 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
RANCHO PALOS VERDES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,182,250
$1,960,000
$1,283,000
$1,350,000
14.2%
Average Price per Square Foot ..............
$572
$652
$624
$627
9.6%
Properties Sold ...................................
16
14
19
25
56.2%
Properties Pending Sale .......................
23
24
30
27
17.4%
Properties For Sale ..............................
103
95
131
118
14.6%
Days on Market (Pending Sale) .............
43
60
53
38
-11.6%
Month’s Supply of Inventory .................
6.4
6.8
6.9
4.7
-26.7%
Percent Under Contract .......................
22.3%
25.3%
22.9%
22.9%
2.5%
$1,264,875
$1,287,588
$1,305,842
$1,355,637
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.182
MAR
$1,350,000
APR MAY
MEDIAN SALES PRICE
JUN
$627
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.350 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
REDONDO BEACH- NORTH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$900,000
$987,500
$825,000
$1,065,000
18.3%
Average Price per Square Foot ..............
$627
$610
$656
$602
-4.0%
Properties Sold ...................................
11
22
11
18
63.6%
Properties Pending Sale .......................
16
18
16
10
-37.5%
Properties For Sale ..............................
35
44
39
25
-28.6%
Days on Market (Pending Sale) .............
24
40
40
8
-66.7%
Month’s Supply of Inventory .................
3.2
2
3.5
1.4
-56.3%
Percent Under Contract .......................
45.7%
40.9%
41.0%
40.0%
-12.5%
$942,438
$1,028,083
$1,036,333
$985,385
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$900
MAR
$1,065,000
APR MAY
MEDIAN SALES PRICE
JUN
$602
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.065 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
REDONDO BEACH- SOUTH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,455,500
$1,610,000
$1,618,500
$1,432,875
-1.6%
Average Price per Square Foot ..............
$589
$660
$571
$1,369
132.4%
Properties Sold ...................................
12
26
16
11
-8.3%
Properties Pending Sale .......................
14
16
15
16
14.3%
Properties For Sale ..............................
41
59
46
46
12.2%
Days on Market (Pending Sale) .............
11
37
77
28
154.5%
Month’s Supply of Inventory .................
3.4
2.3
2.9
4.2
22.4%
Percent Under Contract .......................
34.1%
27.1%
32.6%
34.8%
1.9%
$1,398,540
$1,493,896
$1,431,625
$1,467,567
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.455
MAR
$1,432,875
APR MAY
MEDIAN SALES PRICE
JUN
$1,369
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.432 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ROLLING HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$3,541,250
$0
$3,590,000
$1,650,000
-53.4%
Average Price per Square Foot ..............
$838
$0
$939
$574
-31.5%
Properties Sold ...................................
2
0
4
1
-50.0%
Properties Pending Sale .......................
1
1
2
2
100.0%
Properties For Sale ..............................
26
31
29
30
15.4%
Days on Market (Pending Sale) .............
74
68
46
14
-81.1%
Month’s Supply of Inventory .................
13
n/a
7.2
30
130.8%
Percent Under Contract .......................
3.8%
3.2%
6.9%
6.7%
73.3%
$2,567,158
$2,949,875
$2,575,000
$2,864,825
11.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.541
FEB MAR
$1,650,000
APR MAY
MEDIAN SALES PRICE
JUN
$574
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
30 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ROLLING HILLS ESTATES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,512,000
$1,430,000
$1,588,000
$1,567,500
3.7%
Average Price per Square Foot ..............
$644
$570
$535
$624
-3.1%
Properties Sold ...................................
3
11
3
6
100.0%
Properties Pending Sale .......................
8
1
3
9
12.5%
Properties For Sale ..............................
22
31
24
23
4.5%
Days on Market (Pending Sale) .............
90
68
54
52
-42.2%
Month’s Supply of Inventory .................
7.3
2.8
8
3.8
-47.7%
Percent Under Contract .......................
36.4%
3.2%
12.5%
39.1%
7.6%
$1,567,709
$1,625,917
$1,585,833
$1,535,846
-2.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.512
MAR
$1,567,500
APR MAY
MEDIAN SALES PRICE
JUN
$624
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.567 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN PEDRO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$627,500
$735,000
$623,000
$82
-100.0%
Average Price per Square Foot ..............
$389
$435
$444
$417
7.2%
Properties Sold ...................................
34
45
29
27
-20.6%
Properties Pending Sale .......................
30
42
28
31
3.3%
Properties For Sale ..............................
95
147
107
Days on Market (Pending Sale) .............
41
34
19
Month’s Supply of Inventory .................
2.8
3.3
3.7
Percent Under Contract .......................
31.6%
28.6%
26.2%
%
%
$619,308
$645,000
$658,333
$655,615
5.9%
Average Median Price for Last 12 Months
% 30
-26.8% %
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$627
MAR
$82
APR MAY
MEDIAN SALES PRICE
JUN
$417
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
NO SALES MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$670 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TORRANCE- COUNTY STRIP
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$477,500
$557,000
$542,000
$522,500
9.4%
Average Price per Square Foot ..............
$345
$384
$395
$456
32.2%
Properties Sold ...................................
6
10
5
3
-50.0%
Properties Pending Sale .......................
9
8
3
7
-22.2%
Properties For Sale ..............................
17
23
16
15
-11.8%
Days on Market (Pending Sale) .............
42
20
27
18
-57.1%
Month’s Supply of Inventory .................
2.8
2.3
3.2
5
76.5%
Percent Under Contract .......................
52.9%
34.8%
18.8%
46.7%
-11.9%
$508,742
$528,000
$515,833
$524,865
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$477
MAR
$522,500
APR MAY
MEDIAN SALES PRICE
JUN
$456
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$522 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TORRANCE- NORTH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$583,750
$695,000
$680,000
$717,250
22.9%
Average Price per Square Foot ..............
$432
$507
$490
$462
6.9%
Properties Sold ...................................
14
21
10
8
-42.9%
Properties Pending Sale .......................
15
22
16
11
-26.7%
Properties For Sale ..............................
25
50
35
33
32.0%
Days on Market (Pending Sale) .............
33
16
21
22
-33.3%
Month’s Supply of Inventory .................
1.8
2.4
3.5
4.1
131.0%
Percent Under Contract .......................
60.0%
44.0%
45.7%
33.3%
-44.4%
$626,354
$686,458
$696,583
$672,462
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$583
MAR
$717,250
APR MAY
MEDIAN SALES PRICE
JUN
$462
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$717 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TORRANCE- SOUTH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,163,000
$952,500
$884,500
$965,000
-17.0%
Average Price per Square Foot ..............
$464
$495
$528
$530
14.2%
Properties Sold ...................................
6
28
28
10
66.7%
Properties Pending Sale .......................
14
30
16
18
28.6%
Properties For Sale ..............................
32
79
39
40
25.0%
Days on Market (Pending Sale) .............
58
24
40
13
-77.6%
Month’s Supply of Inventory .................
5.3
2.8
1.4
4
-25.0%
Percent Under Contract .......................
43.8%
38.0%
41.0%
45.0%
2.9%
$900,311
$963,750
$995,167
$962,731
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.163
FEB MAR
$965,000
APR MAY
MEDIAN SALES PRICE
JUN
$530
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$965 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TORRANCE- SOUTHEAST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$645,500
$720,000
$722,500
$782,000
21.1%
Average Price per Square Foot ..............
$463
$440
$447
$530
14.5%
Properties Sold ...................................
4
20
18
6
50.0%
Properties Pending Sale .......................
8
17
3
14
75.0%
Properties For Sale ..............................
23
44
28
32
39.1%
Days on Market (Pending Sale) .............
22
20
57
25
13.6%
Month’s Supply of Inventory .................
5.8
2.2
1.6
5.3
-7.2%
Percent Under Contract .......................
34.8%
38.6%
10.7%
43.8%
25.8%
$642,271
$749,248
$738,663
$715,499
11.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$645
MAR
$782,000
APR MAY
MEDIAN SALES PRICE
JUN
$530
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$782 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TORRANCE- WEST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$786,000
$925,000
$863,500
$955,000
21.5%
Average Price per Square Foot ..............
$552
$525
$547
$535
-3.1%
Properties Sold ...................................
11
19
12
6
-45.5%
Properties Pending Sale .......................
16
21
15
13
-18.8%
Properties For Sale ..............................
30
36
29
25
-16.7%
Days on Market (Pending Sale) .............
16
14
26
13
-18.8%
Month’s Supply of Inventory .................
2.7
1.9
2.4
4.2
52.8%
Percent Under Contract .......................
53.3%
58.3%
51.7%
52.0%
-2.5%
$818,979
$902,917
$920,000
$899,346
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$786
MAR
$955,000
APR MAY
MEDIAN SALES PRICE
JUN
$535
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$955 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$954,500
$994,647
$1,009,000
$960,059
0.6%
Average Price per Square Foot ..............
$443
$467
$500
$478
8.1%
Properties Sold ...................................
19
37
28
19
0.3%
Properties Pending Sale .......................
32
37
28
30
-6.1%
Properties For Sale ..............................
53
68
55
58
9.9%
Days on Market (Pending Sale) .............
71
56
61
55
-23.4%
Month’s Supply of Inventory .................
2.8
1.9
2
3.1
9.5%
Percent Under Contract .......................
59.4%
54.6%
51.6%
50.8%
-14.5%
$905,482
$992,667
$1,001,451
$958,914
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$954
MAR
$960,059
APR MAY
MEDIAN SALES PRICE
JUN
$478
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
AGOURA HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$795,000
$980,000
$855,000
$1,000,000
25.8%
Average Price per Square Foot ..............
$364
$391
$420
$449
23.4%
Properties Sold ...................................
19
16
13
14
-26.3%
Properties Pending Sale .......................
22
20
13
24
9.1%
Properties For Sale ..............................
43
64
56
48
11.6%
Days on Market (Pending Sale) .............
64
59
61
47
-26.6%
Month’s Supply of Inventory .................
2.3
4
4.3
3.4
51.5%
Percent Under Contract .......................
51.2%
31.2%
23.2%
50.0%
-2.3%
$842,333
$926,000
$951,667
$974,923
15.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$795
MAR
$1,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$449
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BURBANK
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$735,000
$784,000
$785,000
$808,000
9.9%
Average Price per Square Foot ..............
$514
$517
$534
$566
10.1%
Properties Sold ...................................
31
64
47
26
-16.1%
Properties Pending Sale .......................
46
59
43
51
10.9%
Properties For Sale ..............................
46
68
32
38
-17.4%
Days on Market (Pending Sale) .............
55
33
51
39
-29.1%
Month’s Supply of Inventory .................
1.5
1.1
0.7
1.5
-1.5%
Percent Under Contract .......................
100.0%
86.8%
134.4%
134.2%
34.2%
Average Median Price for Last 12 Months
$751,167
$821,167
$837,667
$792,923
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$735
MAR
$808,000
APR MAY
MEDIAN SALES PRICE
JUN
$566
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$808 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CALABASAS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,107,000
$1,526,000
$1,505,000
$1,540,000
39.1%
Average Price per Square Foot ..............
$482
$460
$454
$502
4.1%
Properties Sold ...................................
13
34
21
14
7.7%
Properties Pending Sale .......................
25
29
13
20
-20.0%
Properties For Sale ..............................
69
94
63
76
10.1%
Days on Market (Pending Sale) .............
65
70
122
66
1.5%
Month’s Supply of Inventory .................
5.3
2.8
3
5.4
2.3%
Percent Under Contract .......................
36.2%
30.9%
20.6%
26.3%
-27.4%
$1,432,833
$1,421,667
$1,524,333
$1,389,462
-3.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.107
MAR
$1,540,000
APR MAY
MEDIAN SALES PRICE
JUN
$502
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.540 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ENCINO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$872,000
$1,317,000
$1,266,000
$1,550,000
77.8%
Average Price per Square Foot ..............
$522
$547
$516
$531
1.7%
Properties Sold ...................................
18
48
32
27
50.0%
Properties Pending Sale .......................
47
46
36
38
-19.1%
Properties For Sale ..............................
92
112
84
93
1.1%
Days on Market (Pending Sale) .............
43
58
63
88
104.7%
Month’s Supply of Inventory .................
5.1
2.3
2.6
3.4
-32.6%
Percent Under Contract .......................
51.1%
41.1%
42.9%
40.9%
-20.0%
$1,252,333
$1,515,167
$1,644,667
$1,362,077
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$872
MAR
$1,550,000
APR MAY
MEDIAN SALES PRICE
JUN
$531
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
GLENDALE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$964,000
$893,000
$851,000
$910,000
-5.6%
Average Price per Square Foot ..............
$484
$513
$509
$510
5.4%
Properties Sold ...................................
28
61
61
37
32.1%
Properties Pending Sale .......................
40
67
65
34
-15.0%
Properties For Sale ..............................
80
105
88
66
-17.5%
Days on Market (Pending Sale) .............
66
37
43
50
-24.2%
Month’s Supply of Inventory .................
2
1.2
1.3
2.9
42.9%
Percent Under Contract .......................
61.3%
79.4%
77.9%
50.0%
-18.4%
$861,917
$916,167
$924,667
$911,417
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$869
MAR
$910,000
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
$964 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LA CRESCENTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$788,000
$838,000
$868,000
$940,000
19.3%
Average Price per Square Foot ..............
$477
$529
$519
$540
13.2%
Properties Sold ...................................
14
22
11
8
-42.9%
Properties Pending Sale .......................
16
21
17
11
-31.2%
Properties For Sale ..............................
20
22
21
15
-25.0%
Days on Market (Pending Sale) .............
46
46
47
51
10.9%
Month’s Supply of Inventory .................
1.4
1
1.9
1.9
31.2%
Percent Under Contract .......................
80.0%
95.5%
81.0%
73.3%
-8.3%
$808,583
$876,333
$912,667
$857,923
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$788
MAR
$940,000
APR MAY
MEDIAN SALES PRICE
JUN
$540
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$940 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NORTH HOLLYWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$508,000
$613,000
$580,000
$613,000
20.7%
Average Price per Square Foot ..............
$382
$436
$446
$451
18.1%
Properties Sold ...................................
22
34
37
17
-22.7%
Properties Pending Sale .......................
37
44
37
28
-24.3%
Properties For Sale ..............................
52
51
43
30
-42.3%
Days on Market (Pending Sale) .............
53
41
43
103
94.3%
Month’s Supply of Inventory .................
2.4
1.5
1.2
1.8
-25.3%
Percent Under Contract .......................
71.2%
86.3%
86.0%
93.3%
31.2%
$528,583
$606,000
$617,000
$584,538
10.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$508
MAR
$613,000
APR MAY
MEDIAN SALES PRICE
JUN
$451
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$613 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SHADOW HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$810,000
$715,000
$878,000
$0
-100.0%
Average Price per Square Foot ..............
$286
$387
$322
$0
-100.0%
Properties Sold ...................................
3
5
7
0
-100.0%
Properties Pending Sale .......................
6
6
2
7
16.7%
Properties For Sale ..............................
10
8
11
11
10.0%
Days on Market (Pending Sale) .............
99
127
119
0
-100.0%
Month’s Supply of Inventory .................
3.3
1.6
1.6
n/a
n/a
Percent Under Contract .......................
60.0%
75.0%
18.2%
63.6%
6.1%
$759,167
$624,833
$394,333
$757,462
-0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$810
MAR
NO SALES
APR MAY
MEDIAN SALES PRICE
JUN
NO SALES
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
N/A MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SHERMAN OAKS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,340,000
$1,083,000
$1,135,000
$1,229,000
-8.3%
Average Price per Square Foot ..............
$497
$538
$541
$591
18.9%
Properties Sold ...................................
36
73
53
43
19.4%
Properties Pending Sale .......................
74
67
49
51
-31.1%
Properties For Sale ..............................
91
131
94
92
1.1%
Days on Market (Pending Sale) .............
85
56
58
58
-31.8%
Month’s Supply of Inventory .................
2.5
1.8
1.8
2.1
-15.4%
Percent Under Contract .......................
81.3%
51.1%
52.1%
55.4%
-31.8%
$1,168,250
$1,192,333
$1,243,000
$1,184,538
1.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.340
FEB MAR
$1,229,000
APR MAY
MEDIAN SALES PRICE
JUN
$591
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.229 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
STUDIO CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,340,000
$1,381,000
$1,430,000
$1,265,000
-5.6%
Average Price per Square Foot ..............
$497
$571
$653
$599
20.5%
Properties Sold ...................................
36
36
30
26
-27.8%
Properties Pending Sale .......................
74
36
28
36
-51.4%
Properties For Sale ..............................
91
71
64
65
-28.6%
Days on Market (Pending Sale) .............
85
58
56
45
-47.1%
Month’s Supply of Inventory .................
2.5
2
2.1
2.5
-1.1%
Percent Under Contract .......................
81.3%
50.7%
43.8%
55.4%
-31.9%
$1,415,167
$1,411,333
$1,483,333
$1,408,769
-0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.340
MAR
$1,265,000
APR MAY
MEDIAN SALES PRICE
JUN
$599
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SUN VALLEY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$495,000
$514,000
$542,000
$497,000
0.4%
Average Price per Square Foot ..............
$397
$333
$400
$459
15.6%
Properties Sold ...................................
13
24
14
10
-23.1%
Properties Pending Sale .......................
12
26
21
24
100.0%
Properties For Sale ..............................
13
16
26
17
30.8%
Days on Market (Pending Sale) .............
49
43
24
34
-30.6%
Month’s Supply of Inventory .................
1
0.7
1.9
1.7
70.0%
Percent Under Contract .......................
92.3%
162.5%
80.8%
141.2%
52.9%
$482,333
$553,833
$558,333
$535,538
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$495
MAR
$497,000
APR MAY
MEDIAN SALES PRICE
JUN
$459
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$497 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SUNLAND/TUJUNGA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$550,000
$562,000
$501,000
$602,000
9.5%
Average Price per Square Foot ..............
$365
$393
$456
$413
13.2%
Properties Sold ...................................
11
19
20
10
-9.1%
Properties Pending Sale .......................
17
26
19
9
-47.1%
Properties For Sale ..............................
14
20
16
19
35.7%
Days on Market (Pending Sale) .............
82
49
56
37
-54.9%
Month’s Supply of Inventory .................
1.3
1.1
0.8
1.9
49.3%
Percent Under Contract .......................
121.4%
130.0%
118.8%
47.4%
-61.0%
Average Median Price for Last 12 Months
$556,667
$563,000
$599,333
$584,538
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$550
MAR
$602,000
APR MAY
MEDIAN SALES PRICE
JUN
$413
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$602 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TARZANA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$999,000
$1,081,000
$1,065,000
$1,250,000
25.1%
Average Price per Square Foot ..............
$391
$422
$399
$511
30.7%
Properties Sold ...................................
25
30
19
13
-48.0%
Properties Pending Sale .......................
23
38
28
42
82.6%
Properties For Sale ..............................
57
87
76
74
29.8%
Days on Market (Pending Sale) .............
75
48
77
59
-21.3%
Month’s Supply of Inventory .................
2.3
2.9
4
5.7
149.7%
Percent Under Contract .......................
40.4%
43.7%
36.8%
56.8%
40.7%
$1,027,750
$1,059,833
$1,006,333
$1,050,615
2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$999
MAR
$1,250,000
APR MAY
MEDIAN SALES PRICE
JUN
$511
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TOLUCA LAKE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,975,000
$1,420,000
$1,620,000
$1,175,000
-40.5%
Average Price per Square Foot ..............
$693
$558
$897
$598
-13.7%
Properties Sold ...................................
4
7
4
5
25.0%
Properties Pending Sale .......................
8
9
9
6
-25.0%
Properties For Sale ..............................
15
17
13
15
0.0%
Days on Market (Pending Sale) .............
108
54
5
52
-51.9%
Month’s Supply of Inventory .................
3.8
2.4
3.2
3
-20.0%
Percent Under Contract .......................
53.3%
52.9%
69.2%
40.0%
-25.0%
$1,396,750
$1,354,333
$1,369,333
$1,561,462
11.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.975
FEB MAR
$1,175,000
APR MAY
MEDIAN SALES PRICE
JUN
$598
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
VALLEY VILLAGE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$815,000
$1,089,000
$1,051,000
$945,000
16.0%
Average Price per Square Foot ..............
$429
$513
$538
$638
48.7%
Properties Sold ...................................
10
25
15
6
-40.0%
Properties Pending Sale .......................
16
12
15
12
-25.0%
Properties For Sale ..............................
24
28
17
18
-25.0%
Days on Market (Pending Sale) .............
68
53
54
36
-47.1%
Month’s Supply of Inventory .................
2.4
1.1
1.1
3
25.0%
Percent Under Contract .......................
66.7%
42.9%
88.2%
66.7%
0.0%
$905,750
$979,667
$985,667
$963,154
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$815
MAR
$945,000
APR MAY
MEDIAN SALES PRICE
JUN
$638
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$945 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WESTLAKE VILLAGE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,373,000
$1,308,000
$1,451,000
$1,093,000
-20.4%
Average Price per Square Foot ..............
$426
$443
$511
$402
-5.6%
Properties Sold ...................................
16
32
26
14
-12.5%
Properties Pending Sale .......................
23
39
21
22
-4.3%
Properties For Sale ..............................
93
101
96
95
2.2%
Days on Market (Pending Sale) .............
70
58
99
91
30.0%
Month’s Supply of Inventory .................
5.8
3.2
3.7
6.8
16.7%
Percent Under Contract .......................
24.7%
38.6%
21.9%
23.2%
-6.4%
$1,237,833
$1,208,500
$1,089,333
$1,199,769
-3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.373
FEB MAR
$1,093,000
APR MAY
MEDIAN SALES PRICE
JUN
$402
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.093 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WOODLAND HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$770,000
$805,000
$770,000
$850,000
10.4%
Average Price per Square Foot ..............
$358
$390
$392
$399
11.5%
Properties Sold ...................................
33
92
61
63
90.9%
Properties Pending Sale .......................
58
90
66
82
41.4%
Properties For Sale ..............................
119
167
135
205
72.3%
Days on Market (Pending Sale) .............
96
55
55
58
-39.6%
Month’s Supply of Inventory .................
3.6
1.8
2.2
3.3
-9.8%
Percent Under Contract .......................
48.7%
53.9%
48.9%
40.0%
-17.9%
$762,333
$836,167
$865,000
$869,846
14.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$770
MAR
$850,000
APR MAY
MEDIAN SALES PRICE
JUN
$399
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$850 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,057,833
$1,065,333
$1,130,167
$1,090,083
3.0%
Average Price per Square Foot ..............
$530
$553
$568
$575
8.5%
Properties Sold ...................................
15
27
20
15
1.7%
Properties Pending Sale .......................
21
29
21
20
-3.3%
Properties For Sale ..............................
49
59
47
52
5.6%
Days on Market (Pending Sale) .............
58
35
45
35
-40.3%
Month’s Supply of Inventory .................
3.3
2.2
2.4
3.4
3.9%
Percent Under Contract .......................
41.9%
48.9%
44.8%
38.4%
-8.4%
$1,039,326
$1,073,347
$1,073,278
$1,069,013
2.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.057
FEB MAR
$1,090,083
APR MAY
MEDIAN SALES PRICE
JUN
$575
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.090 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ALHAMBRA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$634,000
$699,000
$680,000
$639,000
0.8%
Average Price per Square Foot ..............
$444
$437
$479
$511
15.1%
Properties Sold ...................................
14
23
13
10
-28.6%
Properties Pending Sale .......................
17
29
14
12
-29.4%
Properties For Sale ..............................
33
23
16
19
-42.4%
Days on Market (Pending Sale) .............
60
27
33
19
-68.3%
Month’s Supply of Inventory .................
2.4
1
1.2
1.9
-19.4%
Percent Under Contract .......................
51.5%
126.1%
87.5%
63.2%
22.6%
$626,417
$695,667
$714,667
$679,231
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$634
MAR
$639,000
APR MAY
MEDIAN SALES PRICE
JUN
$511
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$639 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ALTADENA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$760,000
$820,000
$822,000
$863,000
13.6%
Average Price per Square Foot ..............
$464
$515
$484
$527
13.6%
Properties Sold ...................................
23
37
33
18
-21.7%
Properties Pending Sale .......................
32
25
26
20
-37.5%
Properties For Sale ..............................
34
53
35
51
50.0%
Days on Market (Pending Sale) .............
54
35
42
29
-46.3%
Month’s Supply of Inventory .................
1.5
1.4
1.1
2.8
91.7%
Percent Under Contract .......................
94.1%
47.2%
74.3%
39.2%
-58.3%
$750,167
$820,333
$819,667
$816,385
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$760
MAR
$863,000
APR MAY
MEDIAN SALES PRICE
JUN
$527
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$863 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ARCADIA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,263,000
$1,288,000
$1,400,000
$1,630,000
29.1%
Average Price per Square Foot ..............
$546
$539
$568
$512
-6.2%
Properties Sold ...................................
24
41
38
21
-12.5%
Properties Pending Sale .......................
32
40
29
29
-9.4%
Properties For Sale ..............................
181
228
191
204
12.7%
Days on Market (Pending Sale) .............
60
35
50
45
-25.0%
Month’s Supply of Inventory .................
7.5
5.6
5
9.7
28.8%
Percent Under Contract .......................
17.7%
17.5%
15.2%
14.2%
-19.6%
$1,281,833
$1,380,500
$1,478,000
$1,288,462
0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.263
MAR
$1,630,000
APR MAY
MEDIAN SALES PRICE
JUN
$512
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.630 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DUARTE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$463,000
$519,000
$525,000
$480,000
3.7%
Average Price per Square Foot ..............
$359
$409
$361
$421
17.3%
Properties Sold ...................................
5
16
8
11
120.0%
Properties Pending Sale .......................
11
18
13
21
90.9%
Properties For Sale ..............................
22
26
18
20
-9.1%
Days on Market (Pending Sale) .............
55
20
36
38
-30.9%
Month’s Supply of Inventory .................
4.4
1.6
2.2
1.8
-58.7%
Percent Under Contract .......................
50.0%
69.2%
72.2%
105.0%
110.0%
$481,250
$520,833
$517,333
$503,385
4.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$463
MAR
$480,000
APR MAY
MEDIAN SALES PRICE
JUN
$421
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$480 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
EAGLE ROCK
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$628,000
$900,000
$860,000
$868,000
38.2%
Average Price per Square Foot ..............
$530
$613
$569
$545
2.8%
Properties Sold ...................................
2
7
7
14
600.0%
Properties Pending Sale .......................
6
7
5
20
233.3%
Properties For Sale ..............................
8
9
6
18
125.0%
Days on Market (Pending Sale) .............
47
48
45
44
-6.4%
Month’s Supply of Inventory .................
4
1.3
0.9
1.3
-67.9%
Percent Under Contract .......................
75.0%
77.8%
83.3%
111.1%
48.1%
$789,750
$896,333
$937,333
$840,000
6.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$628
MAR
$868,000
APR MAY
MEDIAN SALES PRICE
JUN
$545
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$868 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LA CANADA FLINTRIDGE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,537,000
$1,650,000
$2,495,000
$1,250,000
-18.7%
Average Price per Square Foot ..............
$613
$661
$655
$668
9.0%
Properties Sold ...................................
12
26
13
7
-41.7%
Properties Pending Sale .......................
16
24
24
12
-25.0%
Properties For Sale ..............................
41
45
27
37
-9.8%
Days on Market (Pending Sale) .............
61
43
42
19
-68.9%
Month’s Supply of Inventory .................
3.4
1.7
2.1
5.3
54.7%
Percent Under Contract .......................
39.0%
53.3%
88.9%
32.4%
-16.9%
$1,751,833
$1,663,167
$1,512,000
$1,714,462
-2.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.537
MAR
$1,250,000
APR MAY
MEDIAN SALES PRICE
JUN
$668
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.250 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MONROVIA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$632,000
$655,000
$679,000
$703,000
11.2%
Average Price per Square Foot ..............
$377
$445
$467
$490
30.0%
Properties Sold ...................................
16
23
30
16
0.0%
Properties Pending Sale .......................
21
19
20
19
-9.5%
Properties For Sale ..............................
38
50
36
25
-34.2%
Days on Market (Pending Sale) .............
64
22
30
58
-9.4%
Month’s Supply of Inventory .................
2.4
2.2
1.2
1.6
-34.2%
Percent Under Contract .......................
55.3%
38.0%
55.6%
76.0%
37.5%
$637,833
$715,667
$717,000
$704,000
10.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$632
MAR
$703,000
APR MAY
MEDIAN SALES PRICE
JUN
$490
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$703 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PASADENA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$865,000
$935,000
$943,000
$960,000
11.0%
Average Price per Square Foot ..............
$559
$573
$637
$529
-5.4%
Properties Sold ...................................
64
92
58
51
-20.3%
Properties Pending Sale .......................
67
108
73
61
-9.0%
Properties For Sale ..............................
130
145
128
136
4.6%
Days on Market (Pending Sale) .............
67
40
40
42
-37.3%
Month’s Supply of Inventory .................
2
1.6
2.2
2.7
31.3%
Percent Under Contract .......................
51.5%
74.5%
57.0%
44.9%
-13.0%
$848,083
$940,333
$947,333
$929,077
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$865
MAR
$960,000
APR MAY
MEDIAN SALES PRICE
JUN
$529
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN GABRIEL
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$892,000
$820,000
$863,000
$845,000
-5.3%
Average Price per Square Foot ..............
$483
$503
$499
$485
0.4%
Properties Sold ...................................
9
27
20
14
55.6%
Properties Pending Sale .......................
19
36
23
15
-21.1%
Properties For Sale ..............................
38
51
40
40
5.3%
Days on Market (Pending Sale) .............
62
33
34
17
-72.6%
Month’s Supply of Inventory .................
4.2
1.9
2
2.9
-32.3%
Percent Under Contract .......................
50.0%
70.6%
57.5%
37.5%
-25.0%
$739,417
$829,333
$824,333
$800,154
8.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $892
FEB MAR
$845,000
APR MAY
MEDIAN SALES PRICE
JUN
$485
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$845 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN MARINO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,700,000
$2,000,000
$1,875,000
$2,405,000
-10.9%
Average Price per Square Foot ..............
$941
$790
$823
$940
-0.1%
Properties Sold ...................................
3
5
8
8
166.7%
Properties Pending Sale .......................
9
17
13
9
0.0%
Properties For Sale ..............................
34
49
40
41
20.6%
Days on Market (Pending Sale) .............
37
48
136
31
-16.2%
Month’s Supply of Inventory .................
11.3
9.8
5
5.1
-54.8%
Percent Under Contract .......................
26.5%
34.7%
32.5%
22.0%
-17.1%
$2,281,500
$2,096,000
$2,100,000
$2,173,923
-4.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.700
FEB MAR
$2,405,000
APR MAY
MEDIAN SALES PRICE
JUN
$940
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.405 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SIERRA MADRE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$890,000
$1,005,000
$1,020,000
$825,000
-7.3%
Average Price per Square Foot ..............
$454
$510
$509
$567
24.9%
Properties Sold ...................................
3
7
6
7
133.3%
Properties Pending Sale .......................
5
8
10
10
100.0%
Properties For Sale ..............................
16
21
17
17
6.2%
Days on Market (Pending Sale) .............
65
32
33
24
-63.1%
Month’s Supply of Inventory .................
5.3
3
2.8
2.4
-54.5%
Percent Under Contract .......................
31.2%
38.1%
58.8%
58.8%
88.2%
$992,167
$920,167
$779,333
$988,769
-0.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$890
MAR
$825,000
APR MAY
MEDIAN SALES PRICE
JUN
$567
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SOUTH PASADENA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,430,000
$1,493,000
$1,400,000
$1,613,000
12.8%
Average Price per Square Foot ..............
$589
$638
$761
$703
19.4%
Properties Sold ...................................
3
19
5
4
33.3%
Properties Pending Sale .......................
11
18
4
10
-9.1%
Properties For Sale ..............................
12
13
13
12
0.0%
Days on Market (Pending Sale) .............
65
42
24
50
-23.1%
Month’s Supply of Inventory .................
4
0.7
2.6
3
-25.0%
Percent Under Contract .......................
91.7%
138.5%
30.8%
83.3%
-9.1%
$1,291,667
$1,401,833
$1,532,333
$1,390,308
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.430
MAR
$1,613,000
APR MAY
MEDIAN SALES PRICE
JUN
$703
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.613 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : February 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : February 2018
ORANGE COUNTY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$743,000
$780,000
$780,000
$801,000
7.8%
Average Price per Square Foot ..............
$460
$460
$456
$473
2.8%
Properties Sold ...................................
1125
1881
1519
1115
-0.9%
Properties Pending Sale .......................
1552
1891
1301
1507
-2.9%
Properties For Sale ..............................
5,368
6,715
5,099
5,018
-6.5%
Days on Market (Pending Sale) .............
47
47
47
41
-12.8%
Month’s Supply of Inventory .................
4.8
3.6
3.4
4.5
-5.7%
Percent Under Contract .......................
28.9%
28.2%
25.5%
30.0%
3.9%
$735,538
$784,750
$787,000
$778,269
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $743
FEB MAR
$801,000
APR MAY
MEDIAN SALES PRICE
JUN
$473
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$801 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ALISO VIEJO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$717,450
$853,000
$785,000
$808,000
12.6%
Average Price per Square Foot ..............
$379
$387
$403
$406
7.1%
Properties Sold ...................................
14
20
11
12
-14.3%
Properties Pending Sale .......................
19
24
15
13
-31.6%
Properties For Sale ..............................
55
66
32
31
-43.6%
Days on Market (Pending Sale) .............
20
30
44
14
-30.0%
Month’s Supply of Inventory .................
3.9
3.3
2.9
2.6
-34.2%
Percent Under Contract .......................
34.5%
36.4%
46.9%
41.9%
21.4%
$777,267
$811,158
$815,667
$809,569
4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$717
MAR
$808,000
APR MAY
MEDIAN SALES PRICE
JUN
$406
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$808 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BALBOA PENINSULA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,150,000
$2,800,000
$2,900,000
$4,265,000
98.4%
Average Price per Square Foot ..............
$793
$1,393
$2,651
$1,661
109.5%
Properties Sold ...................................
5
7
1
4
-20.0%
Properties Pending Sale .......................
19
2
4
4
-78.9%
Properties For Sale ..............................
55
32
34
31
-43.6%
Days on Market (Pending Sale) .............
20
113
80
42
110.0%
Month’s Supply of Inventory .................
11
4.6
34
7.8
-29.5%
Percent Under Contract .......................
34.5%
6.2%
11.8%
12.9%
-62.6%
$3,522,458
$3,465,000
$3,513,333
$3,217,500
-8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.150
MAR
$4,265,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,661
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$4.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CORONA DEL MAR - SPYGLASS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,944,500
$2,395,000
$2,605,000
$3,552,000
20.6%
Average Price per Square Foot ..............
$1,163
$1,123
$1,127
$1,301
11.9%
Properties Sold ...................................
9
9
14
7
-22.2%
Properties Pending Sale .......................
11
14
12
15
36.4%
Properties For Sale ..............................
74
88
78
81
9.5%
Days on Market (Pending Sale) .............
41
80
90
63
53.7%
Month’s Supply of Inventory .................
8.2
9.8
5.6
11.6
40.7%
Percent Under Contract .......................
14.9%
15.9%
15.4%
18.5%
24.6%
$2,875,936
$3,016,167
$3,318,333
$2,870,051
-0.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.944
MAR
$3,552,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,301
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.552 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
COTO DE CAZA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,055,000
$1,232,500
$1,232,000
$1,265,027
19.9%
Average Price per Square Foot ..............
$375
$375
$349
$363
-3.2%
Properties Sold ...................................
20
20
14
15
-25.0%
Properties Pending Sale .......................
17
24
12
21
23.5%
Properties For Sale ..............................
96
123
96
113
17.7%
Days on Market (Pending Sale) .............
49
69
88
101
106.1%
Month’s Supply of Inventory .................
4.8
6.2
6.9
7.5
56.9%
Percent Under Contract .......................
17.7%
19.5%
12.5%
18.6%
4.9%
$1,166,485
$1,262,005
$1,305,009
$1,227,694
5.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.055
MAR
$1,265,027
APR MAY
MEDIAN SALES PRICE
JUN
$363
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CRYSTAL COVE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$6,975,000
$13,075,000
$5,590,000
$6,100,000
-12.5%
Average Price per Square Foot ..............
$1,306
$1,565
$1,279
$1,234
-5.5%
Properties Sold ...................................
4
2
1
2
-50.0%
Properties Pending Sale .......................
2
4
1
2
0.0%
Properties For Sale ..............................
21
23
26
21
0.0%
Days on Market (Pending Sale) .............
44
104
71
378
759.1%
Month’s Supply of Inventory .................
5.2
11.5
26
10.5
100.0%
Percent Under Contract .......................
9.5%
17.4%
3.8%
9.5%
0.0%
$4,941,803
$5,819,306
$5,763,844
$7,172,628
45.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$6.975
MAR
$6,100,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,234
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$6.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DANA POINT
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,058,500
$1,040,000
$1,394,000
$1,072,000
1.3%
Average Price per Square Foot ..............
$551
$533
$682
$611
10.9%
Properties Sold ...................................
20
33
30
14
-30.0%
Properties Pending Sale .......................
18
32
19
26
44.4%
Properties For Sale ..............................
146
207
149
145
-0.7%
Days on Market (Pending Sale) .............
73
74
44
102
39.7%
Month’s Supply of Inventory .................
7.3
6.3
5
10.4
41.9%
Percent Under Contract .......................
12.3%
15.5%
12.8%
17.9%
45.4%
$981,074
$1,167,250
$1,065,667
$1,114,538
13.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.058
MAR
$1,072,000
APR MAY
MEDIAN SALES PRICE
JUN
$611
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.072 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
EAST BLUFF - HARBOR VIEW
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,500,000
$2,032,500
$1,749,000
$2,220,000
-11.2%
Average Price per Square Foot ..............
$788
$657
$621
$692
-12.2%
Properties Sold ...................................
9
18
7
15
66.7%
Properties Pending Sale .......................
8
18
12
16
100.0%
Properties For Sale ..............................
80
106
92
92
15.0%
Days on Market (Pending Sale) .............
60
68
77
68
13.3%
Month’s Supply of Inventory .................
8.9
5.9
13.1
6.1
-31.0%
Percent Under Contract .......................
10.0%
17.0%
13.0%
17.4%
73.9%
$1,900,051
$2,236,083
$2,374,167
$2,109,346
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.500
MAR
$2,220,000
APR MAY
MEDIAN SALES PRICE
JUN
$692
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.220 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
EAST COSTA MESA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,070,000
$1,050,000
$1,050,000
$1,191,000
11.3%
Average Price per Square Foot ..............
$555
$593
$644
$627
13.0%
Properties Sold ...................................
16
19
19
16
0.0%
Properties Pending Sale .......................
18
17
11
18
0.0%
Properties For Sale ..............................
46
71
65
67
45.7%
Days on Market (Pending Sale) .............
54
51
68
27
-50.0%
Month’s Supply of Inventory .................
2.9
3.7
3.4
4.2
45.7%
Percent Under Contract .......................
39.1%
23.9%
16.9%
26.9%
-31.3%
$1,013,154
$1,036,812
$1,074,333
$1,029,221
1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.070
MAR
$1,191,000
APR MAY
MEDIAN SALES PRICE
JUN
$627
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.191 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
FOUNTAIN VALLEY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$767,500
$770,000
$778,500
$852,500
11.1%
Average Price per Square Foot ..............
$384
$388
$406
$417
8.6%
Properties Sold ...................................
17
27
22
22
29.4%
Properties Pending Sale .......................
26
32
27
24
-7.7%
Properties For Sale ..............................
51
64
53
53
3.9%
Days on Market (Pending Sale) .............
41
27
24
19
-53.7%
Month’s Supply of Inventory .................
3
2.4
2.4
2.4
-19.7%
Percent Under Contract .......................
51.0%
50.0%
50.9%
45.3%
-11.2%
$753,746
$789,667
$802,333
$786,404
4.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$767
MAR
$852,500
APR MAY
MEDIAN SALES PRICE
JUN
$417
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$852 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HUNTINGTON BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$791,000
$900,000
$922,500
$960,000
21.4%
Average Price per Square Foot ..............
$471
$501
$511
$510
8.3%
Properties Sold ...................................
76
131
98
69
-9.2%
Properties Pending Sale .......................
92
117
90
97
5.4%
Properties For Sale ..............................
252
349
264
268
6.3%
Days on Market (Pending Sale) .............
37
42
39
39
5.4%
Month’s Supply of Inventory .................
3.3
2.7
2.7
3.9
17.1%
Percent Under Contract .......................
36.5%
33.5%
34.1%
36.2%
-0.9%
$811,333
$885,583
$888,333
$868,808
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$791
MAR
$960,000
APR MAY
MEDIAN SALES PRICE
JUN
$510
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$960 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
IRVINE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,130,000
$1,150,000
$1,240,000
$1,195,999
5.8%
Average Price per Square Foot ..............
$475
$483
$522
$511
7.6%
Properties Sold ...................................
74
136
93
68
-8.1%
Properties Pending Sale .......................
106
122
81
93
-12.3%
Properties For Sale ..............................
363
475
317
358
-1.4%
Days on Market (Pending Sale) .............
36
53
56
34
-5.6%
Month’s Supply of Inventory .................
4.9
3.5
3.4
5.3
7.3%
Percent Under Contract .......................
29.2%
25.7%
25.6%
26.0%
-11.0%
$1,064,739
$1,151,750
$1,155,166
$1,127,038
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.130
MAR
$1,195,999
APR MAY
MEDIAN SALES PRICE
JUN
$511
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.195 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LADERA RANCH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$840,000
$895,000
$1,024,400
$825,000
-1.8%
Average Price per Square Foot ..............
$362
$374
$355
$383
5.8%
Properties Sold ...................................
15
27
28
22
46.7%
Properties Pending Sale .......................
22
33
17
28
27.3%
Properties For Sale ..............................
87
131
92
91
4.6%
Days on Market (Pending Sale) .............
33
50
54
55
66.7%
Month’s Supply of Inventory .................
5.8
4.9
3.3
4.1
-28.7%
Percent Under Contract .......................
25.3%
25.2%
18.5%
30.8%
21.7%
$873,667
$951,508
$958,383
$928,654
6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$840
MAR
$825,000
APR MAY
MEDIAN SALES PRICE
JUN
$383
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LAGUNA BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,025,000
$1,865,000
$1,964,000
$2,262,500
11.7%
Average Price per Square Foot ..............
$1,149
$1,290
$946
$1,141
-0.7%
Properties Sold ...................................
20
30
27
14
-30.0%
Properties Pending Sale .......................
28
33
19
26
-7.1%
Properties For Sale ..............................
200
284
243
241
20.5%
Days on Market (Pending Sale) .............
96
66
88
120
25.0%
Month’s Supply of Inventory .................
10
9.5
9
17.2
72.1%
Percent Under Contract .......................
14.0%
11.6%
7.8%
10.8%
-22.9%
$1,907,000
$2,110,667
$2,336,667
$2,139,430
12.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.025
MAR
$2,262,500
APR MAY
MEDIAN SALES PRICE
JUN
$1,141
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
17.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.262 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LAGUNA NIGUEL
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$960,000
$960,000
$965,000
$942,500
-1.8%
Average Price per Square Foot ..............
$420
$426
$434
$430
2.4%
Properties Sold ...................................
33
73
43
46
39.4%
Properties Pending Sale .......................
53
52
45
48
-9.4%
Properties For Sale ..............................
208
253
193
184
-11.5%
Days on Market (Pending Sale) .............
44
42
42
41
-6.8%
Month’s Supply of Inventory .................
6.3
3.5
4.5
4
-36.5%
Percent Under Contract .......................
25.5%
20.6%
23.3%
26.1%
2.4%
$881,583
$954,400
$916,800
$950,469
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $960
FEB MAR
$942,500
APR MAY
MEDIAN SALES PRICE
JUN
$430
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$942 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LAGUNA HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$786,256
$797,500
$848,000
$1,158,000
47.3%
Average Price per Square Foot ..............
$367
$371
$359
$433
18.0%
Properties Sold ...................................
15
26
24
10
-33.3%
Properties Pending Sale .......................
20
38
14
29
45.0%
Properties For Sale ..............................
88
112
75
74
-15.9%
Days on Market (Pending Sale) .............
72
67
62
40
-44.4%
Month’s Supply of Inventory .................
5.9
4.3
3.1
7.4
26.1%
Percent Under Contract .......................
22.7%
33.9%
18.7%
39.2%
72.4%
$828,926
$881,917
$951,167
$855,520
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$786
MAR
$1,158,000
APR MAY
MEDIAN SALES PRICE
JUN
$433
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.158 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LAGUNA WOODS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$0
$0
$975,000
$860,000
n/a
Average Price per Square Foot ..............
$0
$0
$546
$540
n/a
Properties Sold ...................................
0
0
1
1
n/a
Properties Pending Sale .......................
0
0
1
0
n/a
Properties For Sale ..............................
0
0
2
2
n/a
Days on Market (Pending Sale) .............
0
0
15
0
n/a
Month’s Supply of Inventory .................
n/a
n/a
2
2
n/a
Percent Under Contract .......................
n/a
n/a
50.0%
0.0%
n/a
$129,917
$854,833
$794,750
$854,833
558.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB MAR
$860,000
APR MAY
MEDIAN SALES PRICE
JUN
$540
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LANTERN VILLAGE IN DANA POINT
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,065,000
$1,110,000
$970,000
$1,094,000
2.7%
Average Price per Square Foot ..............
$437
$568
$508
$563
28.8%
Properties Sold ...................................
2
6
8
5
150.0%
Properties Pending Sale .......................
3
6
3
3
0.0%
Properties For Sale ..............................
20
33
22
18
-10.0%
Days on Market (Pending Sale) .............
21
17
51
98
366.7%
Month’s Supply of Inventory .................
10
5.5
2.8
3.6
-64.0%
Percent Under Contract .......................
15.0%
18.2%
13.6%
16.7%
11.1%
$915,208
$1,102,167
$1,205,167
$1,106,885
20.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.065
MAR
$1,094,000
APR MAY
MEDIAN SALES PRICE
JUN
$563
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.094 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$3,805,800
$3,800,000
$3,705,000
$2,717,500
-28.6%
Average Price per Square Foot ..............
$1,196
$1,224
$1,281
$1,630
36.3%
Properties Sold ...................................
6
6
7
2
-66.7%
Properties Pending Sale .......................
2
2
5
4
100.0%
Properties For Sale ..............................
28
35
31
21
-25.0%
Days on Market (Pending Sale) .............
28
101
94
109
289.3%
Month’s Supply of Inventory .................
4.7
5.8
4.4
10.5
125.0%
Percent Under Contract .......................
7.1%
5.7%
16.1%
19.0%
166.7%
$3,080,900
$3,342,917
$2,925,833
$3,453,396
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.805
FEB MAR
$2,717,500
APR MAY
MEDIAN SALES PRICE
JUN
$1,630
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.717 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MISSION VIEJO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$737,250
$740,000
$735,000
$757,500
2.7%
Average Price per Square Foot ..............
$358
$369
$381
$377
5.3%
Properties Sold ...................................
56
98
76
48
-14.3%
Properties Pending Sale .......................
96
88
66
84
-12.5%
Properties For Sale ..............................
221
260
381
217
-1.8%
Days on Market (Pending Sale) .............
33
44
47
30
-9.1%
Month’s Supply of Inventory .................
3.9
2.7
5
4.5
14.6%
Percent Under Contract .......................
43.4%
33.8%
17.3%
38.7%
-10.9%
$692,496
$739,917
$740,667
$737,577
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $737
FEB MAR
$757,500
APR MAY
MEDIAN SALES PRICE
JUN
$377
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$757 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MONARCH BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,090,000
$1,490,000
$2,090,000
$1,725,000
58.3%
Average Price per Square Foot ..............
$539
$695
$843
$761
41.2%
Properties Sold ...................................
6
10
11
2
-66.7%
Properties Pending Sale .......................
6
11
8
8
33.3%
Properties For Sale ..............................
73
86
65
64
-12.3%
Days on Market (Pending Sale) .............
154
106
33
109
-29.2%
Month’s Supply of Inventory .................
12.2
8.6
5.9
32
163.0%
Percent Under Contract .......................
8.2%
12.8%
12.3%
12.5%
52.1%
$1,673,573
$1,644,833
$1,358,333
$1,680,552
0.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.090
MAR
$1,725,000
APR MAY
MEDIAN SALES PRICE
JUN
$761
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
32 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.725 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NELLE GAIL
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$798,128
$797,500
$848,000
$1,158,000
45.1%
Average Price per Square Foot ..............
$369
$371
$359
$433
17.3%
Properties Sold ...................................
14
26
24
10
-28.6%
Properties Pending Sale .......................
18
37
15
28
55.6%
Properties For Sale ..............................
84
110
76
72
-14.3%
Days on Market (Pending Sale) .............
78
69
60
41
-47.4%
Month’s Supply of Inventory .................
6
4.2
3.2
7.2
20.0%
Percent Under Contract .......................
21.4%
33.6%
19.7%
38.9%
81.5%
$841,390
$881,500
$947,000
$861,210
2.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$798
MAR
$1,158,000
APR MAY
MEDIAN SALES PRICE
JUN
$433
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.158 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NEWPORT BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,382,500
$2,400,000
$2,025,000
$2,175,000
-8.7%
Average Price per Square Foot ..............
$914
$953
$901
$985
7.8%
Properties Sold ...................................
32
68
39
40
25.0%
Properties Pending Sale .......................
41
62
36
43
4.9%
Properties For Sale ..............................
278
344
288
257
-7.6%
Days on Market (Pending Sale) .............
66
77
86
73
10.6%
Month’s Supply of Inventory .................
8.7
5.1
7.4
6.4
-26.0%
Percent Under Contract .......................
14.7%
18.0%
12.5%
16.7%
13.4%
$1,985,275
$2,429,167
$2,450,000
$2,336,154
17.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.382
MAR
$2,175,000
APR MAY
MEDIAN SALES PRICE
JUN
$985
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.175 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NEWPORT COAST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$3,900,000
$5,150,000
$2,913,500
$4,000,000
2.6%
Average Price per Square Foot ..............
$1,118
$1,066
$829
$906
-19.0%
Properties Sold ...................................
16
9
10
13
-18.8%
Properties Pending Sale .......................
19
25
11
11
-42.1%
Properties For Sale ..............................
107
114
90
75
-29.9%
Days on Market (Pending Sale) .............
99
74
56
115
16.2%
Month’s Supply of Inventory .................
6.7
12.7
9
5.8
-13.7%
Percent Under Contract .......................
17.8%
21.9%
12.2%
14.7%
-17.4%
$2,886,760
$3,407,583
$3,875,667
$3,826,385
32.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$3.900
MAR
$4,000,000
APR MAY
MEDIAN SALES PRICE
JUN
$906
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$4.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NEWPORT HEIGHTS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,925,000
$1,990,000
$1,904,500
$2,780,000
-5.0%
Average Price per Square Foot ..............
$756
$749
$759
$838
10.8%
Properties Sold ...................................
2
6
8
5
150.0%
Properties Pending Sale .......................
7
11
4
4
-42.9%
Properties For Sale ..............................
28
53
40
31
10.7%
Days on Market (Pending Sale) .............
50
69
106
75
50.0%
Month’s Supply of Inventory .................
14
8.8
5
6.2
-55.7%
Percent Under Contract .......................
25.0%
20.8%
10.0%
12.9%
-48.4%
$1,752,302
$2,427,417
$2,553,333
$2,449,462
39.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.925
MAR
$2,780,000
APR MAY
MEDIAN SALES PRICE
JUN
$838
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.780 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
RANCHO SANTA MARGARITA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$730,000
$827,000
$735,000
$812,500
11.3%
Average Price per Square Foot ..............
$323
$349
$359
$351
8.7%
Properties Sold ...................................
21
48
40
24
14.3%
Properties Pending Sale .......................
39
37
32
45
15.4%
Properties For Sale ..............................
93
126
87
91
-2.2%
Days on Market (Pending Sale) .............
34
29
42
24
-29.4%
Month’s Supply of Inventory .................
4.4
2.6
2.2
3.8
-14.4%
Percent Under Contract .......................
41.9%
29.4%
36.8%
49.5%
17.9%
$724,167
$765,167
$812,000
$767,808
6.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$730
MAR
$812,500
APR MAY
MEDIAN SALES PRICE
JUN
$351
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$812 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN CLEMENTE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$877,500
$949,500
$965,000
$1,088,500
24.0%
Average Price per Square Foot ..............
$393
$448
$456
$397
1.0%
Properties Sold ...................................
35
72
51
32
-8.6%
Properties Pending Sale .......................
52
86
44
82
57.7%
Properties For Sale ..............................
239
315
229
258
7.9%
Days on Market (Pending Sale) .............
57
59
80
54
-5.3%
Month’s Supply of Inventory .................
6.8
4.4
4.5
8.1
18.1%
Percent Under Contract .......................
21.8%
27.3%
19.2%
31.8%
46.1%
$921,593
$1,007,177
$1,032,667
$983,855
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$877
MAR
$1,088,500
APR MAY
MEDIAN SALES PRICE
JUN
$397
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.088 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN JUAN CAPISTRANO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$840,000
$937,500
$1,112,500
$1,050,000
25.0%
Average Price per Square Foot ..............
$391
$367
$443
$390
-0.3%
Properties Sold ...................................
23
30
32
25
8.7%
Properties Pending Sale .......................
36
36
26
30
-16.7%
Properties For Sale ..............................
147
186
148
125
-15.0%
Days on Market (Pending Sale) .............
71
75
43
66
-7.0%
Month’s Supply of Inventory .................
6.4
6.2
4.6
5
-21.8%
Percent Under Contract .......................
24.5%
19.4%
17.6%
24.0%
-2.0%
$919,987
$1,036,554
$1,052,181
$1,027,217
11.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$840
MAR
$1,050,000
APR MAY
MEDIAN SALES PRICE
JUN
$390
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.050 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SEAL BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$880,000
$892,500
$1,010,000
$1,060,000
20.5%
Average Price per Square Foot ..............
$506
$488
$480
$494
-2.4%
Properties Sold ...................................
5
17
12
13
160.0%
Properties Pending Sale .......................
13
13
4
6
-53.8%
Properties For Sale ..............................
35
42
30
22
-37.1%
Days on Market (Pending Sale) .............
57
47
79
42
-26.3%
Month’s Supply of Inventory .................
7
2.5
2.5
1.7
-75.8%
Percent Under Contract .......................
37.1%
31.0%
13.3%
27.3%
-26.6%
$1,009,188
$957,875
$968,000
$965,573
-4.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$880
MAR
$1,060,000
APR MAY
MEDIAN SALES PRICE
JUN
$494
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.060 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SHADY CANYON
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,880,000
$1,600,000
$2,487,500
$1,928,500
2.6%
Average Price per Square Foot ..............
$637
$582
$711
$660
3.6%
Properties Sold ...................................
7
17
12
8
14.3%
Properties Pending Sale .......................
12
15
8
16
33.3%
Properties For Sale ..............................
84
100
65
73
-13.1%
Days on Market (Pending Sale) .............
57
47
79
51
-10.5%
Month’s Supply of Inventory .................
12
5.9
5.4
9.1
-24.0%
Percent Under Contract .......................
14.3%
15.0%
12.3%
21.9%
53.4%
$1,775,292
$1,834,500
$1,771,500
$1,923,146
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.880
MAR
$1,928,500
APR MAY
MEDIAN SALES PRICE
JUN
$660
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.928 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TURTLE RIDGE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,550,000
$1,585,000
$2,782,500
$2,694,000
5.6%
Average Price per Square Foot ..............
$679
$604
$697
$733
8.0%
Properties Sold ...................................
1
2
2
2
100.0%
Properties Pending Sale .......................
2
4
1
5
150.0%
Properties For Sale ..............................
26
32
20
20
-23.1%
Days on Market (Pending Sale) .............
57
56
254
107
87.7%
Month’s Supply of Inventory .................
26
16
10
10
-61.5%
Percent Under Contract .......................
7.7%
12.5%
5.0%
25.0%
225.0%
$2,148,263
$2,608,833
$2,694,000
$2,347,981
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.550
MAR
$2,694,000
APR MAY
MEDIAN SALES PRICE
JUN
$733
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.694 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
TURTLE ROCK
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,660,000
$1,500,000
$2,300,000
$1,566,000
-5.7%
Average Price per Square Foot ..............
$630
$567
$661
$632
0.3%
Properties Sold ...................................
7
11
3
6
-14.3%
Properties Pending Sale .......................
8
7
4
9
12.5%
Properties For Sale ..............................
46
33
19
25
-45.7%
Days on Market (Pending Sale) .............
50
26
41
25
-50.0%
Month’s Supply of Inventory .................
6.6
3
6.3
4.2
-36.6%
Percent Under Contract .......................
17.4%
21.2%
21.1%
36.0%
107.0%
$1,598,917
$1,745,583
$1,538,667
$1,843,396
15.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.660
MAR
$1,566,000
APR MAY
MEDIAN SALES PRICE
JUN
$632
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.566 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WESTMINSTER
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$627,500
$650,000
$624,000
$690,000
10.0%
Average Price per Square Foot ..............
$389
$391
$406
$373
-4.1%
Properties Sold ...................................
20
34
36
29
45.0%
Properties Pending Sale .......................
20
35
30
24
20.0%
Properties For Sale ..............................
63
94
70
61
-3.2%
Days on Market (Pending Sale) .............
21
41
26
22
4.8%
Month’s Supply of Inventory .................
3.2
2.8
1.9
2.1
-33.2%
Percent Under Contract .......................
31.7%
37.2%
42.9%
39.3%
23.9%
$610,208
$650,575
$665,150
$641,996
5.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$627
MAR
$690,000
APR MAY
MEDIAN SALES PRICE
JUN
$373
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$690 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,311,000
$1,965,000
$1,500,000
$1,800,000
37.3%
Average Price per Square Foot ..............
$668
$753
$571
$982
47.0%
Properties Sold ...................................
7
18
7
9
28.6%
Properties Pending Sale .......................
10
13
4
5
-50.0%
Properties For Sale ..............................
43
53
45
34
-20.9%
Days on Market (Pending Sale) .............
74
70
47
38
-48.6%
Month’s Supply of Inventory .................
6.1
2.9
6.4
3.8
-38.5%
Percent Under Contract .......................
23.3%
24.5%
8.9%
14.7%
-36.8%
$1,600,313
$1,854,830
$1,904,660
$1,797,864
12.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.311
MAR
$1,800,000
APR MAY
MEDIAN SALES PRICE
JUN
$982
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST NEWPORT - LIDO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$4,337,500
$3,100,000
$3,015,000
$1,645,000
-62.1%
Average Price per Square Foot ..............
$1,986
$1,411
$1,185
$1,366
-31.2%
Properties Sold ...................................
2
13
9
5
150.0%
Properties Pending Sale .......................
11
16
7
10
-9.1%
Properties For Sale ..............................
59
64
45
47
-20.3%
Days on Market (Pending Sale) .............
84
91
113
95
13.1%
Month’s Supply of Inventory .................
29.5
4.9
5
9.4
-68.1%
Percent Under Contract .......................
18.6%
25.0%
15.6%
21.3%
14.1%
$2,525,167
$3,072,500
$3,298,333
$3,004,615
19.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $4.337
FEB MAR
$1,645,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,366
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.645 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : February 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : February 2018
CARPINTERIA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,512,500
$1,097,500
$1,245,000
$1,357,500
-10.2%
Average Price per Square Foot ..............
$711
$778
$582
$985
38.5%
Properties Sold ...................................
6
8
8
2
-66.7%
Properties Pending Sale .......................
16
11
6
4
-75.0%
Properties For Sale ..............................
41
49
38
22
-46.3%
Days on Market (Pending Sale) .............
63
64
79
56
-11.1%
Month’s Supply of Inventory .................
6.8
6.1
4.8
11
61.0%
Percent Under Contract .......................
39.0%
22.4%
15.8%
18.2%
-53.4%
$997,896
$1,203,667
$1,222,333
$1,199,038
20.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.512
FEB MAR
$1,357,500
APR MAY
MEDIAN SALES PRICE
JUN
$985
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
11 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.357 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
GOLETA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$849,625
$867,500
$974,000
$860,000
1.2%
Average Price per Square Foot ..............
$543
$592
$496
$496
-8.7%
Properties Sold ...................................
10
14
6
5
-50.0%
Properties Pending Sale .......................
3
13
3
9
200.0%
Properties For Sale ..............................
24
34
25
21
-12.5%
Days on Market (Pending Sale) .............
9
27
68
16
77.8%
Month’s Supply of Inventory .................
2.4
2.4
4.2
4.2
75.0%
Percent Under Contract .......................
12.5%
38.2%
12.0%
42.9%
242.9%
$844,179
$859,500
$841,667
$850,606
0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$849
MAR
$860,000
APR MAY
MEDIAN SALES PRICE
JUN
$496
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
HOPE RANCH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,885,000
$2,100,000
$3,227,500
$3,770,850
30.7%
Average Price per Square Foot ..............
$655
$616
$765
$793
21.1%
Properties Sold ...................................
3
1
2
6
100.0%
Properties Pending Sale .......................
2
4
2
6
200.0%
Properties For Sale ..............................
47
38
35
28
-40.4%
Days on Market (Pending Sale) .............
82
415
196
92
12.2%
Month’s Supply of Inventory .................
15.7
38
17.5
4.7
-70.2%
Percent Under Contract .......................
4.3%
10.5%
5.7%
21.4%
403.6%
$2,916,250
$4,315,850
$4,222,533
$3,468,666
18.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.885
MAR
$3,770,850
APR MAY
MEDIAN SALES PRICE
JUN
$793
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$3.770 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MONTECITO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,663,000
$3,375,000
$2,907,950
$2,357,272
-11.5%
Average Price per Square Foot ..............
$997
$980
$1,028
$1,085
8.8%
Properties Sold ...................................
12
28
14
8
-33.3%
Properties Pending Sale .......................
22
19
19
11
-50.0%
Properties For Sale ..............................
185
174
154
125
-32.4%
Days on Market (Pending Sale) .............
84
90
126
83
-1.2%
Month’s Supply of Inventory .................
15.4
6.2
11
15.6
1.4%
Percent Under Contract .......................
11.9%
10.9%
12.3%
8.8%
-26.0%
$2,862,333
$2,655,039
$2,489,507
$2,890,249
1.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.663
MAR
$2,357,272
APR MAY
MEDIAN SALES PRICE
JUN
$1,085
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
15.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.357 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA BARBARA EAST OF STATE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,812,500
$1,529,000
$1,330,000
$1,416,000
-21.9%
Average Price per Square Foot ..............
$707
$700
$735
$744
5.2%
Properties Sold ...................................
22
33
28
24
9.1%
Properties Pending Sale .......................
35
35
22
30
-14.3%
Properties For Sale ..............................
112
137
110
107
-4.5%
Days on Market (Pending Sale) .............
101
53
82
41
-59.4%
Month’s Supply of Inventory .................
5.1
4.2
3.9
4.5
-12.4%
Percent Under Contract .......................
31.2%
25.5%
20.0%
28.0%
-10.3%
$1,298,191
$1,553,815
$1,677,463
$1,458,145
12.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.812
FEB MAR
$1,416,000
APR MAY
MEDIAN SALES PRICE
JUN
$744
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.416 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA BARBARA WEST OF STATE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,195,000
$1,200,000
$940,000
$1,275,000
6.7%
Average Price per Square Foot ..............
$761
$753
$766
$735
-3.4%
Properties Sold ...................................
14
19
19
15
7.1%
Properties Pending Sale .......................
21
21
13
17
-19.0%
Properties For Sale ..............................
73
73
50
63
-13.7%
Days on Market (Pending Sale) .............
49
29
47
21
-57.1%
Month’s Supply of Inventory .................
5.2
3.8
2.6
4.2
-19.5%
Percent Under Contract .......................
28.8%
28.8%
26.0%
27.0%
-6.2%
$1,068,971
$1,109,583
$1,175,833
$1,130,192
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.195
MAR
$1,275,000
APR MAY
MEDIAN SALES PRICE
JUN
$735
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA YNEZ
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,037,500
$779,750
$735,000
$834,500
-19.6%
Average Price per Square Foot ..............
$403
$449
$494
$366
-9.2%
Properties Sold ...................................
10
18
21
10
0.0%
Properties Pending Sale .......................
26
28
18
16
-38.5%
Properties For Sale ..............................
142
170
131
129
-9.2%
Days on Market (Pending Sale) .............
136
87
47
112
-17.6%
Month’s Supply of Inventory .................
14.2
9.4
6.2
12.9
-9.2%
Percent Under Contract .......................
18.3%
16.5%
13.7%
12.4%
-32.3%
$791,333
$938,500
$1,077,333
$921,802
16.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.037
MAR
$834,500
APR MAY
MEDIAN SALES PRICE
JUN
$366
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$834 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : February 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : February 2018
CARMEL
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,350,000
$1,525,000
$1,515,000
$1,900,000
40.7%
Average Price per Square Foot ..............
$769
$778
$909
$1,118
45.4%
Properties Sold ...................................
17
27
33
19
11.8%
Properties Pending Sale .......................
26
31
22
22
-15.4%
Properties For Sale ..............................
163
199
154
137
-16.0%
Days on Market (Pending Sale) .............
105
111
106
53
-49.5%
Month’s Supply of Inventory .................
9.6
7.4
4.7
7.2
-24.8%
Percent Under Contract .......................
16.0%
15.6%
14.3%
16.1%
0.7%
$1,454,792
$1,748,750
$1,850,833
$1,601,108
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.350
MAR
$1,900,000
APR MAY
MEDIAN SALES PRICE
JUN
$1,118
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CARMEL VALLEY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,185,000
$1,040,000
$914,500
$1,077,000
-9.1%
Average Price per Square Foot ..............
$474
$431
$512
$518
9.3%
Properties Sold ...................................
8
9
10
5
-37.5%
Properties Pending Sale .......................
10
10
4
8
-20.0%
Properties For Sale ..............................
54
69
63
61
13.0%
Days on Market (Pending Sale) .............
144
120
134
101
-29.9%
Month’s Supply of Inventory .................
6.8
7.7
6.3
12.2
80.7%
Percent Under Contract .......................
18.5%
14.5%
6.3%
13.1%
-29.2%
$1,113,333
$1,001,917
$1,050,667
$1,040,650
-6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.185
FEB MAR
$1,077,000
APR MAY
MEDIAN SALES PRICE
JUN
$518
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
12.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.077 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MARINA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$485,000
$548,500
$580,000
$590,000
21.6%
Average Price per Square Foot ..............
$346
$343
$344
$364
5.2%
Properties Sold ...................................
6
14
11
9
50.0%
Properties Pending Sale .......................
16
15
17
20
25.0%
Properties For Sale ..............................
38
47
47
41
7.9%
Days on Market (Pending Sale) .............
32
42
55
60
87.5%
Month’s Supply of Inventory .................
6.3
3.4
4.3
4.6
-28.1%
Percent Under Contract .......................
42.1%
31.9%
36.2%
48.8%
15.9%
$492,500
$564,500
$558,167
$548,497
11.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$485
MAR
$590,000
APR MAY
MEDIAN SALES PRICE
JUN
$364
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MONTEREY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$695,000
$769,500
$871,500
$879,000
26.5%
Average Price per Square Foot ..............
$369
$483
$493
$479
29.8%
Properties Sold ...................................
12
20
20
15
25.0%
Properties Pending Sale .......................
13
15
19
26
100.0%
Properties For Sale ..............................
67
105
99
88
31.3%
Days on Market (Pending Sale) .............
112
63
71
81
-27.7%
Month’s Supply of Inventory .................
5.6
5.2
5
5.9
5.1%
Percent Under Contract .......................
19.4%
14.3%
19.2%
29.5%
52.3%
$758,092
$846,239
$864,478
$809,726
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$695
MAR
$879,000
APR MAY
MEDIAN SALES PRICE
JUN
$479
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$879 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PACIFIC GROVE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,172,000
$787,000
$1,147,500
$949,000
-19.0%
Average Price per Square Foot ..............
$629
$586
$633
$608
-3.3%
Properties Sold ...................................
10
14
8
11
10.0%
Properties Pending Sale .......................
16
14
11
15
-6.2%
Properties For Sale ..............................
43
50
46
50
16.3%
Days on Market (Pending Sale) .............
62
42
53
28
-54.8%
Month’s Supply of Inventory .................
4.3
3.6
5.8
4.5
5.7%
Percent Under Contract .......................
37.2%
28.0%
23.9%
30.0%
-19.4%
$897,417
$962,333
$919,667
$958,346
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.172
FEB MAR
$949,000
APR MAY
MEDIAN SALES PRICE
JUN
$608
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$949 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PEBBLE BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,375,000
$2,091,944
$1,537,500
$1,287,500
-6.4%
Average Price per Square Foot ..............
$662
$787
$912
$790
19.3%
Properties Sold ...................................
6
14
8
10
66.7%
Properties Pending Sale .......................
8
12
14
11
37.5%
Properties For Sale ..............................
87
105
95
80
-8.0%
Days on Market (Pending Sale) .............
95
160
70
79
-16.8%
Month’s Supply of Inventory .................
14.5
7.5
11.9
8
-44.8%
Percent Under Contract .......................
9.2%
11.4%
14.7%
13.8%
49.5%
$1,722,083
$1,966,333
$1,886,833
$1,739,726
1.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.375
MAR
$1,287,500
APR MAY
MEDIAN SALES PRICE
JUN
$790
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.287 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SALINAS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$440,000
$497,275
$466,500
$451,250
2.6%
Average Price per Square Foot ..............
$281
$313
$324
$283
0.7%
Properties Sold ...................................
33
69
50
34
3.0%
Properties Pending Sale .......................
55
59
62
42
-23.6%
Properties For Sale ..............................
164
199
175
121
-26.2%
Days on Market (Pending Sale) .............
51
46
41
39
-23.5%
Month’s Supply of Inventory .................
5
2.9
3.5
3.6
-28.4%
Percent Under Contract .......................
33.5%
29.6%
35.4%
34.7%
3.5%
$459,708
$477,375
$480,917
$487,521
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$440
MAR
$451,250
APR MAY
MEDIAN SALES PRICE
JUN
$283
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$451 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SEASIDE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$518,000
$486,550
$482,500
$735,000
41.9%
Average Price per Square Foot ..............
$355
$397
$408
$422
18.9%
Properties Sold ...................................
11
19
16
9
-18.2%
Properties Pending Sale .......................
17
14
15
22
29.4%
Properties For Sale ..............................
42
60
51
44
4.8%
Days on Market (Pending Sale) .............
35
55
50
45
28.6%
Month’s Supply of Inventory .................
3.8
3.2
3.2
4.9
28.0%
Percent Under Contract .......................
40.5%
23.3%
29.4%
50.0%
23.5%
$459,320
$549,433
$606,367
$530,281
15.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$518
MAR
$735,000
APR MAY
MEDIAN SALES PRICE
JUN
$422
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$735 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN DIEGO COUNTY
SAN DIEGO MACRO
LA MESA
CARLSBAD
LEMON GROVE
CARMEL VALLEY
NATIONAL CITY
CHULA VISTA
OCEANSIDE
CORONADO
POWAY
DEL MAR
RANCHO BERNARDO
EL CAJON
SAN MARCOS
ENCINITAS
SANTEE
ESCONDIDO
SOLANA BEACH
IMPERIAL BEACH
VISTA
LA JOLLA
Micro Market Report : February 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : February 2018
SAN DIEGO COUNTY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$565,000
$611,000
$625,000
$612,000
8.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
1465
2257
1752
1361
-7.1%
Properties Pending Sale .......................
2053
2289
1746
1811
-11.8%
Properties For Sale ..............................
5,984
7,329
5,992
5,565
-7.0%
Days on Market (Pending Sale) .............
40
38
40
34
-15.0%
Month’s Supply of Inventory .................
4.1
3.2
3.4
4.1
0.1%
Percent Under Contract .......................
34.3%
31.2%
29.1%
32.5%
-5.1%
$565,000
$610,333
$605,667
$604,729
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$565
MAR
$612,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$612 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$667,500
$891,650
$982,000
$860,000
28.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2
11
7
13
550.0%
Properties Pending Sale .......................
11
13
15
12
9.1%
Properties For Sale ..............................
21
26
39
28
33.3%
Days on Market (Pending Sale) .............
40
20
21
19
-52.5%
Month’s Supply of Inventory .................
10.5
2.4
5.6
2.2
-79.5%
Percent Under Contract .......................
52.4%
50.0%
38.5%
42.9%
-18.2%
$744,821
$850,127
$828,254
$817,301
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$667
MAR
$860,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CARLSBAD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$878,000
$985,000
$928,888
$983,000
12.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
57
97
81
54
-5.3%
Properties Pending Sale .......................
110
104
78
72
-34.5%
Properties For Sale ..............................
275
330
212
226
-17.8%
Days on Market (Pending Sale) .............
55
35
38
34
-38.2%
Month’s Supply of Inventory .................
4.8
3.4
2.6
4.2
-13.3%
Percent Under Contract .......................
40.0%
31.5%
36.8%
31.9%
-20.4%
$870,500
$940,699
$946,000
$942,519
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$878
MAR
$983,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$983 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CARMEL VALLEY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,287,500
$1,220,000
$640,000
$1,232,000
-4.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
32
27
32
16
-50.0%
Properties Pending Sale .......................
41
47
30
45
9.8%
Properties For Sale ..............................
126
153
80
116
-7.9%
Days on Market (Pending Sale) .............
51
28
22
47
-7.8%
Month’s Supply of Inventory .................
3.9
5.7
2.5
7.2
84.1%
Percent Under Contract .......................
32.5%
30.7%
37.5%
38.8%
19.2%
$1,172,000
$1,115,733
$1,224,000
$1,181,069
0.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.287
FEB MAR
$1,232,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.232 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CHULA VISTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$500,000
$550,000
$585,000
$573,500
14.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
111
151
108
94
-15.3%
Properties Pending Sale .......................
141
171
119
126
-10.6%
Properties For Sale ..............................
372
457
342
340
-8.6%
Days on Market (Pending Sale) .............
33
33
42
51
54.5%
Month’s Supply of Inventory .................
3.4
3
3.2
3.6
7.9%
Percent Under Contract .......................
37.9%
37.4%
34.8%
37.1%
-2.2%
$511,148
$564,250
$564,500
$550,127
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$500
MAR
$573,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$573 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$589,750
$630,000
$640,000
$757,500
28.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
28
45
32
24
-14.3%
Properties Pending Sale .......................
31
39
30
36
16.1%
Properties For Sale ..............................
63
105
80
66
4.8%
Days on Market (Pending Sale) .............
21
20
22
15
-28.6%
Month’s Supply of Inventory .................
2.2
2.3
2.5
2.8
22.2%
Percent Under Contract .......................
49.2%
37.1%
37.5%
54.5%
10.9%
$593,504
$675,366
$703,815
$656,188
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$589
MAR
$757,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$757 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CORONADO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,800,000
$1,732,500
$2,039,500
$1,997,500
11.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
22
16
12
-29.4%
Properties Pending Sale .......................
23
16
18
10
-56.5%
Properties For Sale ..............................
121
115
88
92
-24.0%
Days on Market (Pending Sale) .............
61
74
146
60
-1.6%
Month’s Supply of Inventory .................
7.1
5.2
5.5
7.7
7.7%
Percent Under Contract .......................
19.0%
13.9%
20.5%
10.9%
-42.8%
$1,702,478
$2,340,333
$2,445,000
$2,015,346
15.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.800
MAR
$1,997,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.997 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DEL MAR
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,625,000
$2,120,625
$1,677,500
$1,987,500
22.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
11
19
14
12
9.1%
Properties Pending Sale .......................
16
21
18
14
-12.5%
Properties For Sale ..............................
83
122
114
83
0.0%
Days on Market (Pending Sale) .............
41
53
62
39
-4.9%
Month’s Supply of Inventory .................
7.5
6.4
8.1
6.9
-8.3%
Percent Under Contract .......................
19.3%
17.2%
15.8%
16.9%
-12.5%
$1,755,542
$2,030,417
$2,035,000
$1,904,856
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.625
MAR
$1,987,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.987 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
EL CAJON
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$475,000
$537,500
$519,950
$502,500
5.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
77
108
102
80
3.9%
Properties Pending Sale .......................
107
106
81
77
-28.0%
Properties For Sale ..............................
271
320
281
265
-2.2%
Days on Market (Pending Sale) .............
47
31
34
26
-44.7%
Month’s Supply of Inventory .................
3.5
3
2.8
3.3
-5.9%
Percent Under Contract .......................
39.5%
33.1%
28.8%
29.1%
-26.4%
$481,839
$511,325
$508,167
$509,938
5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$475
MAR
$502,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$502 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ENCINITAS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,182,500
$1,325,000
$1,389,500
$1,236,000
4.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
20
52
28
32
60.0%
Properties Pending Sale .......................
38
39
35
31
-18.4%
Properties For Sale ..............................
130
133
112
94
-27.7%
Days on Market (Pending Sale) .............
36
68
41
17
-52.8%
Month’s Supply of Inventory .................
6.5
2.6
4
2.9
-54.8%
Percent Under Contract .......................
29.2%
29.3%
31.2%
33.0%
12.8%
$1,172,935
$1,214,250
$1,175,333
$1,211,765
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.182
MAR
$1,236,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.236 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ESCONDIDO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$525,000
$540,000
$547,500
$562,500
7.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
81
165
108
88
8.6%
Properties Pending Sale .......................
129
148
123
124
-3.9%
Properties For Sale ..............................
374
513
418
367
-1.9%
Days on Market (Pending Sale) .............
34
46
36
27
-20.6%
Month’s Supply of Inventory .................
4.6
3.1
3.9
4.2
-9.7%
Percent Under Contract .......................
34.5%
28.8%
29.4%
33.8%
-2.0%
$504,634
$535,250
$543,167
$536,192
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $525
FEB MAR
$562,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$562 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
IMPERIAL-BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$517,000
$585,000
$595,000
$590,000
14.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
5
19
13
5
0.0%
Properties Pending Sale .......................
12
16
14
12
0.0%
Properties For Sale ..............................
34
42
50
52
52.9%
Days on Market (Pending Sale) .............
36
28
42
67
86.1%
Month’s Supply of Inventory .................
6.8
2.2
3.8
10.4
52.9%
Percent Under Contract .......................
35.3%
38.1%
28.0%
23.1%
-34.6%
$506,850
$575,000
$567,500
$571,263
11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$517
MAR
$590,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
10.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LA JOLLA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$2,130,000
$2,450,000
$2,240,000
$2,019,000
-5.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
24
17
23
15
-37.5%
Properties Pending Sale .......................
25
44
25
35
40.0%
Properties For Sale ..............................
217
271
211
202
-6.9%
Days on Market (Pending Sale) .............
70
80
91
62
-11.4%
Month’s Supply of Inventory .................
9
15.9
9.2
13.5
48.9%
Percent Under Contract .......................
11.5%
16.2%
11.8%
17.3%
50.4%
$1,973,250
$2,233,958
$2,386,833
$2,214,173
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$2.130
MAR
$2,019,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
13.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$2.019 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LA MESA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$559,000
$599,000
$600,000
$582,000
4.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
49
66
57
45
-8.2%
Properties Pending Sale .......................
45
55
52
53
17.8%
Properties For Sale ..............................
42
155
170
151
259.5%
Days on Market (Pending Sale) .............
33
44
31
31
-6.1%
Month’s Supply of Inventory .................
0.9
2.8
3.3
3.4
259.5%
Percent Under Contract .......................
107.1%
35.5%
30.6%
35.1%
-67.2%
Average Median Price for Last 12 Months
$524,750
$579,083
$592,333
$571,953
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$559
MAR
$582,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$582 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$590,000
$626,750
$579,000
$640,000
8.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
16
18
17
15
-6.2%
Properties Pending Sale .......................
10
25
15
12
20.0%
Properties For Sale ..............................
16
40
39
25
56.2%
Days on Market (Pending Sale) .............
10
19
21
16
60.0%
Month’s Supply of Inventory .................
1.6
1.6
2.6
1.7
4.2%
Percent Under Contract .......................
62.5%
62.5%
38.5%
48.0%
-23.2%
$548,958
$617,417
$639,167
$606,358
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$590
MAR
$640,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LEMON GROVE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$440,750
$429,000
$443,000
$455,000
3.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
8
23
16
21
162.5%
Properties Pending Sale .......................
22
29
16
13
-40.9%
Properties For Sale ..............................
44
63
48
37
-15.9%
Days on Market (Pending Sale) .............
36
33
32
14
-61.1%
Month’s Supply of Inventory .................
2
2.2
3
1.8
-11.9%
Percent Under Contract .......................
50.0%
46.0%
33.3%
35.1%
-29.7%
$414,938
$446,750
$446,667
$442,135
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $440
FEB MAR
$455,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$455 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
NATIONAL CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$390,000
$415,000
$434,950
$435,000
11.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
23
16
15
-11.8%
Properties Pending Sale .......................
21
19
16
16
-23.8%
Properties For Sale ..............................
48
52
48
42
-12.5%
Days on Market (Pending Sale) .............
40
27
32
54
35.0%
Month’s Supply of Inventory .................
2.3
2.7
3
2.8
22.5%
Percent Under Contract .......................
43.8%
36.5%
33.3%
38.1%
-12.9%
$373,271
$436,825
$444,500
$417,342
10.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$390
MAR
$435,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$435 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
OCEANSIDE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$495,000
$552,000
$575,000
$540,000
9.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
93
163
81
82
-11.8%
Properties Pending Sale .......................
136
148
107
115
-15.4%
Properties For Sale ..............................
299
345
272
265
-11.4%
Days on Market (Pending Sale) .............
26
34
34
25
-3.8%
Month’s Supply of Inventory .................
3.2
2.1
3.4
3.2
0.5%
Percent Under Contract .......................
45.5%
42.9%
39.3%
43.4%
-4.6%
$1,035,000
$554,863
$547,792
$545,783
-89.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$495
MAR
$540,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$540 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
POWAY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$720,000
$759,950
$699,000
$775,000
7.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
39
52
53
29
-25.6%
Properties Pending Sale .......................
43
51
37
39
-9.3%
Properties For Sale ..............................
117
169
120
104
-11.1%
Days on Market (Pending Sale) .............
48
35
39
25
-47.9%
Month’s Supply of Inventory .................
3
3.2
2.3
3.6
19.5%
Percent Under Contract .......................
36.8%
30.2%
30.8%
37.5%
2.0%
$679,213
$747,167
$776,000
$752,208
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$720
MAR
$775,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
RANCHO BERNARDO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$706,000
$849,500
$805,000
$830,000
17.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
62
100
63
53
-14.5%
Properties Pending Sale .......................
101
95
60
78
-22.8%
Properties For Sale ..............................
47
269
208
229
387.2%
Days on Market (Pending Sale) .............
27
32
32
20
-25.9%
Month’s Supply of Inventory .................
4.2
4.3
5
4.3
2.2%
Percent Under Contract .......................
214.9%
35.3%
28.8%
34.1%
-84.1%
Average Median Price for Last 12 Months
$749,382
$846,017
$843,700
$837,339
10.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$706
MAR
$830,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN MARCOS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$669,000
$642,500
$656,000
$540,000
-19.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
32
80
76
82
156.2%
Properties Pending Sale .......................
70
77
61
116
65.7%
Properties For Sale ..............................
135
193
156
263
94.8%
Days on Market (Pending Sale) .............
23
28
28
24
4.3%
Month’s Supply of Inventory .................
4.2
2.4
2.1
3.2
-24.0%
Percent Under Contract .......................
51.9%
39.9%
39.1%
44.1%
-14.9%
$568,250
$622,667
$608,000
$635,288
10.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $669
FEB MAR
$540,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$540 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SAN DIEGO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$599,750
$649,000
$640,000
$688,000
14.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
46
74
56
52
13.0%
Properties Pending Sale .......................
52
77
54
60
15.4%
Properties For Sale ..............................
100
171
143
119
19.0%
Days on Market (Pending Sale) .............
23
20
24
16
-30.4%
Month’s Supply of Inventory .................
2.2
2.3
2.6
2.3
5.3%
Percent Under Contract .......................
52.0%
45.0%
37.8%
50.4%
-3.0%
$588,404
$661,267
$680,000
$645,869
8.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$599
MAR
$688,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$688 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTEE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$462,500
$525,000
$517,000
$547,000
18.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
29
39
33
26
-10.3%
Properties Pending Sale .......................
35
50
36
35
0.0%
Properties For Sale ..............................
68
100
76
89
30.9%
Days on Market (Pending Sale) .............
38
21
29
25
-34.2%
Month’s Supply of Inventory .................
2.3
2.6
2.3
3.4
46.0%
Percent Under Contract .......................
51.5%
50.0%
47.4%
39.3%
-23.6%
$473,158
$526,325
$534,667
$512,112
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$462
MAR
$547,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$547 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SOLANA BEACH
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,500,000
$1,525,000
$1,675,000
$1,345,000
-10.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
4
13
1
8
100.0%
Properties Pending Sale .......................
3
14
4
8
166.7%
Properties For Sale ..............................
28
40
23
22
-21.4%
Days on Market (Pending Sale) .............
140
46
52
47
-66.4%
Month’s Supply of Inventory .................
7
3.1
23
2.8
-60.7%
Percent Under Contract .......................
10.7%
35.0%
17.4%
36.4%
239.4%
$1,537,750
$1,599,042
$1,515,000
$1,535,712
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.500
MAR
$1,345,000
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.345 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SPRING VALLEY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$445,000
$455,000
$485,000
$477,500
7.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
47
57
38
36
-23.4%
Properties Pending Sale .......................
63
52
42
46
-27.0%
Properties For Sale ..............................
120
157
121
122
1.7%
Days on Market (Pending Sale) .............
43
27
29
26
-39.5%
Month’s Supply of Inventory .................
2.6
2.8
3.2
3.4
32.7%
Percent Under Contract .......................
52.5%
33.1%
34.7%
37.7%
-28.2%
$429,329
$472,000
$478,667
$460,096
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$445
MAR
$477,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$477 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
VISTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$519,000
$542,500
$567,500
$552,500
6.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
63
88
64
56
-11.1%
Properties Pending Sale .......................
79
85
67
71
-10.1%
Properties For Sale ..............................
196
252
222
179
-8.7%
Days on Market (Pending Sale) .............
34
40
37
42
23.5%
Month’s Supply of Inventory .................
3.1
2.9
3.5
3.2
2.7%
Percent Under Contract .......................
40.3%
33.7%
30.2%
39.7%
-1.6%
$491,396
$552,383
$554,167
$538,177
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$519
MAR
$552,500
APR MAY
MEDIAN SALES PRICE
JUN
N/A
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$552 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : February 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : February 2018
BERMUDA DUNES
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$0
$326,000
$0
$0
n/a
Average Price per Square Foot ..............
$0
$195
$0
$0
n/a
Properties Sold ...................................
0
2
0
0
n/a
Properties Pending Sale .......................
3
4
2
3
0.0%
Properties For Sale ..............................
18
14
15
11
-38.9%
Days on Market (Pending Sale) .............
40
102
156
122
205.0%
Month’s Supply of Inventory .................
n/a
7
n/a
n/a
n/a
Percent Under Contract .......................
16.7%
28.6%
13.3%
27.3%
63.6%
$196,375
$485,478
$568,956
$494,741
60.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro 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
N/A MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CATHEDRAL CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$253,000
$299,950
$295,000
$345,000
36.4%
Average Price per Square Foot ..............
$160
$173
$182
$199
24.4%
Properties Sold ...................................
15
30
23
17
13.3%
Properties Pending Sale .......................
14
22
24
26
85.7%
Properties For Sale ..............................
114
98
113
108
-5.3%
Days on Market (Pending Sale) .............
54
90
52
49
-9.3%
Month’s Supply of Inventory .................
7.6
3.3
4.9
6.4
-16.4%
Percent Under Contract .......................
12.3%
22.4%
21.2%
24.1%
96.0%
$278,992
$316,333
$327,000
$300,381
7.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$253
MAR
$345,000
APR MAY
MEDIAN SALES PRICE
JUN
$199
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$345 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
COACHELLA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$107,500
$210,000
$262,950
$260,500
142.3%
Average Price per Square Foot ..............
$145
$158
$141
$123
-15.2%
Properties Sold ...................................
2
2
4
4
100.0%
Properties Pending Sale .......................
3
4
4
4
33.3%
Properties For Sale ..............................
14
16
18
13
-7.1%
Days on Market (Pending Sale) .............
47
10
36
86
83.0%
Month’s Supply of Inventory .................
7
8
4.5
3.2
-53.6%
Percent Under Contract .......................
21.4%
25.0%
22.2%
30.8%
43.6%
$209,917
$253,908
$265,833
$231,681
9.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$107
MAR
$260,500
APR MAY
MEDIAN SALES PRICE
JUN
$123
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$260 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DESERT HOT SPRINGS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$175,000
$199,900
$227,500
$215,000
22.9%
Average Price per Square Foot ..............
$123
$135
$147
$142
15.4%
Properties Sold ...................................
15
23
24
21
40.0%
Properties Pending Sale .......................
24
33
27
38
58.3%
Properties For Sale ..............................
155
175
174
161
3.9%
Days on Market (Pending Sale) .............
55
66
62
63
14.5%
Month’s Supply of Inventory .................
10.3
7.6
7.2
7.7
-25.8%
Percent Under Contract .......................
15.5%
18.9%
15.5%
23.6%
52.4%
$177,120
$218,542
$222,000
$205,623
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$175
MAR
$215,000
APR MAY
MEDIAN SALES PRICE
JUN
$142
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$215 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
INDIAN WELLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$799,000
$0
$625,000
$470,000
-41.2%
Average Price per Square Foot ..............
$320
$0
$253
$260
-18.8%
Properties Sold ...................................
1
0
3
1
0.0%
Properties Pending Sale .......................
1
2
2
0
-100.0%
Properties For Sale ..............................
19
13
18
14
-26.3%
Days on Market (Pending Sale) .............
11
18
30
0
-100.0%
Month’s Supply of Inventory .................
19
n/a
6
14
-26.3%
Percent Under Contract .......................
5.3%
15.4%
11.1%
0.0%
-100.0%
$666,188
$807,900
$830,000
$845,111
21.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $799
FEB MAR
$470,000
APR MAY
MEDIAN SALES PRICE
JUN
$260
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
14 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$470 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
INDIO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$292,000
$265,000
$245,250
$289,000
-1.0%
Average Price per Square Foot ..............
$145
$151
$142
$161
11.0%
Properties Sold ...................................
16
15
8
15
-6.2%
Properties Pending Sale .......................
21
20
10
22
4.8%
Properties For Sale ..............................
96
87
98
91
-5.2%
Days on Market (Pending Sale) .............
85
70
84
44
-48.2%
Month’s Supply of Inventory .................
6
5.8
12.2
6.1
1.1%
Percent Under Contract .......................
21.9%
23.0%
10.2%
24.2%
10.5%
$292,995
$287,625
$287,167
$285,904
-2.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $292
FEB MAR
$289,000
APR MAY
MEDIAN SALES PRICE
JUN
$161
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$289 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
LA QUINTA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$380,000
$352,500
$339,750
$374,900
-1.3%
Average Price per Square Foot ..............
$176
$210
$166
$184
4.5%
Properties Sold ...................................
9
8
10
3
-66.7%
Properties Pending Sale .......................
15
8
11
14
-6.7%
Properties For Sale ..............................
107
78
67
78
-27.1%
Days on Market (Pending Sale) .............
106
160
74
40
-62.3%
Month’s Supply of Inventory .................
11.9
9.8
6.7
26
118.7%
Percent Under Contract .......................
14.0%
10.3%
16.4%
17.9%
28.0%
$328,556
$375,358
$369,300
$371,396
11.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$380
MAR
$374,900
APR MAY
MEDIAN SALES PRICE
JUN
$184
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
26 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$374 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PALM DESERT
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$300,000
$402,500
$373,500
$340,000
13.3%
Average Price per Square Foot ..............
$230
$209
$198
$187
-18.7%
Properties Sold ...................................
5
12
16
16
220.0%
Properties Pending Sale .......................
14
12
11
23
64.3%
Properties For Sale ..............................
98
78
95
130
32.7%
Days on Market (Pending Sale) .............
74
80
41
45
-39.2%
Month’s Supply of Inventory .................
19.6
6.5
5.9
8.1
-58.5%
Percent Under Contract .......................
14.3%
15.4%
11.6%
17.7%
23.8%
$357,447
$379,067
$426,300
$365,838
2.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$300
MAR
$340,000
APR MAY
MEDIAN SALES PRICE
JUN
$187
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$340 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
PALM SPRINGS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$565,000
$625,000
$626,500
$621,000
9.9%
Average Price per Square Foot ..............
$295
$331
$338
$329
11.5%
Properties Sold ...................................
67
67
59
54
-19.4%
Properties Pending Sale .......................
93
64
64
75
-19.4%
Properties For Sale ..............................
466
372
406
451
-3.2%
Days on Market (Pending Sale) .............
99
64
65
56
-43.4%
Month’s Supply of Inventory .................
7
5.6
6.9
8.4
20.1%
Percent Under Contract .......................
20.0%
17.2%
15.8%
16.6%
-16.7%
$582,125
$619,275
$633,467
$610,854
4.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$565
MAR
$621,000
APR MAY
MEDIAN SALES PRICE
JUN
$329
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
8.4 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$621 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
RANCHO MIRAGE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$600,000
$542,500
$667,500
$665,000
10.8%
Average Price per Square Foot ..............
$294
$264
$289
$256
-12.9%
Properties Sold ...................................
16
23
14
16
0.0%
Properties Pending Sale .......................
17
11
16
29
70.6%
Properties For Sale ..............................
166
108
135
146
-12.0%
Days on Market (Pending Sale) .............
120
94
58
82
-31.7%
Month’s Supply of Inventory .................
10.4
4.7
9.6
9.1
-12.0%
Percent Under Contract .......................
10.2%
10.2%
11.9%
19.9%
94.0%
$527,625
$587,125
$615,917
$584,365
9.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$600
MAR
$665,000
APR MAY
MEDIAN SALES PRICE
JUN
$256
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
9.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$665 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
THOUSAND PALMS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$230,000
$104,500
$0
$225,999
-1.7%
Average Price per Square Foot ..............
$180
$94
$0
$189
5.0%
Properties Sold ...................................
1
3
0
1
0.0%
Properties Pending Sale .......................
2
2
1
0
-100.0%
Properties For Sale ..............................
7
10
12
7
0.0%
Days on Market (Pending Sale) .............
28
57
161
0
-100.0%
Month’s Supply of Inventory .................
3.5
5
12
7
100.0%
Percent Under Contract .......................
28.6%
20.0%
8.3%
0.0%
-100.0%
Average Median Price for Last 12 Months
$75,787
$402,750
$432,000
$243,359
68.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$230
MAR
$225,999
APR MAY
MEDIAN SALES PRICE
JUN
$189
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$225 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CONDOMINIUMS
BEVERLY CENTER - MIRACLE MILE
SANTA MONICA
BEVERLY HILLS
SHERMAN OAKS
BRENTWOOD
STUDIO CITY
CULVER CITY
VENICE
ENCINO
WEST HOLLYWOOD
MALIBU
WEST LA
MARINA DEL REY
WESTWOOD - CENTURY CITY
Micro Market Report : February 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : February 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$680,000
$689,000
$935,000
$557,000
-18.1%
Average Price per Square Foot ..............
$542
$668
$633
$684
26.2%
Properties Sold ...................................
5
11
9
6
20.0%
Properties Pending Sale .......................
6
10
6
5
-16.7%
Properties For Sale ..............................
24
27
17
19
-20.8%
Days on Market (Pending Sale) .............
39
49
32
16
-59.0%
Month’s Supply of Inventory .................
4.8
2.5
1.9
3.2
-34.0%
Percent Under Contract .......................
25.0%
37.0%
35.3%
26.3%
5.3%
$729,708
$711,333
$605,333
$713,155
-2.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $680
FEB MAR
$557,000
APR MAY
MEDIAN SALES PRICE
JUN
$684
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
3.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$557 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BEVERLY HILLS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$957,500
$1,392,500
$1,147,000
$1,347,500
40.7%
Average Price per Square Foot ..............
$574
$730
$792
$725
26.3%
Properties Sold ...................................
4
8
10
8
100.0%
Properties Pending Sale .......................
10
13
10
5
-50.0%
Properties For Sale ..............................
54
74
47
39
-27.8%
Days on Market (Pending Sale) .............
44
51
40
57
29.5%
Month’s Supply of Inventory .................
13.5
9.2
4.7
4.9
-63.9%
Percent Under Contract .......................
18.5%
17.6%
21.3%
12.8%
-30.8%
$1,195,137
$1,192,491
$1,299,315
$1,277,169
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$957
MAR
$1,347,500
APR MAY
MEDIAN SALES PRICE
JUN
$725
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.9 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.347 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
BRENTWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$876,000
$925,000
$747,500
$932,000
6.4%
Average Price per Square Foot ..............
$613
$653
$660
$652
6.4%
Properties Sold ...................................
13
13
14
8
-38.5%
Properties Pending Sale .......................
12
19
13
11
-8.3%
Properties For Sale ..............................
52
55
42
45
-13.5%
Days on Market (Pending Sale) .............
31
30
54
27
-12.9%
Month’s Supply of Inventory .................
4
4.2
3
5.6
40.6%
Percent Under Contract .......................
23.1%
34.5%
31.0%
24.4%
5.9%
$829,004
$899,583
$923,833
$904,346
9.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$876
MAR
$932,000
APR MAY
MEDIAN SALES PRICE
JUN
$652
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$932 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
CULVER CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$471,250
$525,000
$535,000
$580,500
23.2%
Average Price per Square Foot ..............
$473
$520
$532
$532
12.5%
Properties Sold ...................................
8
9
11
6
-25.0%
Properties Pending Sale .......................
17
14
15
14
-17.6%
Properties For Sale ..............................
29
24
35
26
-10.3%
Days on Market (Pending Sale) .............
17
22
39
13
-23.5%
Month’s Supply of Inventory .................
3.6
2.7
3.2
4.3
19.5%
Percent Under Contract .......................
58.6%
58.3%
42.9%
53.8%
-8.1%
$474,256
$546,583
$532,000
$524,788
10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$471
MAR
$580,500
APR MAY
MEDIAN SALES PRICE
JUN
$532
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
DOWNTOWN
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$476,500
$625,000
$600,000
$633,750
33.0%
Average Price per Square Foot ..............
$618
$702
$662
$753
21.8%
Properties Sold ...................................
20
43
29
28
40.0%
Properties Pending Sale .......................
36
51
33
38
5.6%
Properties For Sale ..............................
187
244
191
182
-2.7%
Days on Market (Pending Sale) .............
56
50
48
32
-42.9%
Month’s Supply of Inventory .................
9.4
5.7
6.6
6.5
-30.5%
Percent Under Contract .......................
19.3%
20.9%
17.3%
20.9%
8.5%
$580,313
$637,458
$638,250
$618,596
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$476
MAR
$633,750
APR MAY
MEDIAN SALES PRICE
JUN
$753
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$633 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
ENCINO
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$350,000
$390,000
$260,000
$565,000
61.4%
Average Price per Square Foot ..............
$330
$344
$349
$405
22.7%
Properties Sold ...................................
13
19
11
11
-15.4%
Properties Pending Sale .......................
17
22
21
18
5.9%
Properties For Sale ..............................
24
28
15
19
-20.8%
Days on Market (Pending Sale) .............
47
50
53
41
-12.8%
Month’s Supply of Inventory .................
1.8
1.5
1.4
1.7
-6.4%
Percent Under Contract .......................
70.8%
78.6%
140.0%
94.7%
33.7%
$358,917
$394,333
$460,333
$373,154
4.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$350
MAR
$565,000
APR MAY
MEDIAN SALES PRICE
JUN
$405
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.7 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$565 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MALIBU
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,150,000
$0
$1,005,000
$725,000
-37.0%
Average Price per Square Foot ..............
$782
$0
$658
$720
-7.9%
Properties Sold ...................................
1
0
3
2
100.0%
Properties Pending Sale .......................
2
2
2
2
0.0%
Properties For Sale ..............................
16
21
21
15
-6.2%
Days on Market (Pending Sale) .............
22
16
164
48
118.2%
Month’s Supply of Inventory .................
16
n/a
7
0.3
-98.0%
Percent Under Contract .......................
12.5%
9.5%
9.5%
13.3%
6.7%
$1,011,854
$962,500
$1,032,500
$947,864
-6.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.150
FEB MAR
$725,000
APR MAY
MEDIAN SALES PRICE
JUN
$720
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
0.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$725 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
MARINA DEL REY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$850,000
$900,000
$895,000
$935,000
10.0%
Average Price per Square Foot ..............
$683
$752
$722
$744
8.9%
Properties Sold ...................................
11
23
27
14
27.3%
Properties Pending Sale .......................
27
22
25
18
-33.3%
Properties For Sale ..............................
95
85
85
73
-23.2%
Days on Market (Pending Sale) .............
29
45
37
19
-34.5%
Month’s Supply of Inventory .................
8.6
3.7
3.1
5.2
-39.6%
Percent Under Contract .......................
28.4%
25.9%
29.4%
24.7%
-13.2%
$887,292
$920,667
$935,000
$910,588
2.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$850
MAR
$935,000
APR MAY
MEDIAN SALES PRICE
JUN
$744
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
5.2 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$935 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SANTA MONICA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$800,000
$978,000
$837,500
$1,187,500
48.4%
Average Price per Square Foot ..............
$979
$1,005
$1,017
$918
-6.2%
Properties Sold ...................................
21
36
23
22
4.8%
Properties Pending Sale .......................
14
37
23
25
78.6%
Properties For Sale ..............................
74
96
80
98
32.4%
Days on Market (Pending Sale) .............
42
25
34
29
-31.0%
Month’s Supply of Inventory .................
3.5
2.7
3.5
4.5
26.4%
Percent Under Contract .......................
18.9%
38.5%
28.7%
25.5%
34.8%
$914,396
$1,097,250
$1,132,833
$1,008,346
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$800
MAR
$1,187,500
APR MAY
MEDIAN SALES PRICE
JUN
$918
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.5 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.187 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
SHERMAN OAKS
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$466,000
$540,000
$522,000
$570,000
22.3%
Average Price per Square Foot ..............
$349
$392
$384
$392
12.3%
Properties Sold ...................................
15
33
20
11
-26.7%
Properties Pending Sale .......................
25
29
22
22
-12.0%
Properties For Sale ..............................
28
24
13
12
-57.1%
Days on Market (Pending Sale) .............
45
52
50
20
-55.6%
Month’s Supply of Inventory .................
1.9
0.7
0.6
1.1
-41.6%
Percent Under Contract .......................
89.3%
120.8%
169.2%
183.3%
105.3%
$455,500
$517,500
$522,000
$505,692
11.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$466
MAR
$570,000
APR MAY
MEDIAN SALES PRICE
JUN
$392
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
1.1 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$570 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
STUDIO CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$568,000
$596,000
$715,000
$665,000
17.1%
Average Price per Square Foot ..............
$439
$480
$472
$533
21.4%
Properties Sold ...................................
8
20
15
5
-37.5%
Properties Pending Sale .......................
10
14
14
9
-10.0%
Properties For Sale ..............................
28
19
15
8
-71.4%
Days on Market (Pending Sale) .............
65
40
46
39
-40.0%
Month’s Supply of Inventory .................
3.5
1
1
0
%
Percent Under Contract .......................
35.7%
73.7%
93.3%
112.5%
215.0%
$555,000
$707,333
$670,000
$661,000
19.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$568
MAR
$665,000
APR MAY
MEDIAN SALES PRICE
JUN
$533
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
NO SALES MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$665 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
VENICE
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$1,280,000
$0
$1,465,000
$1,525,000
19.1%
Average Price per Square Foot ..............
$866
$0
$912
$790
-8.8%
Properties Sold ...................................
3
11
2
3
0.0%
Properties Pending Sale .......................
1
5
1
2
100.0%
Properties For Sale ..............................
11
21
16
13
18.2%
Days on Market (Pending Sale) .............
21
0
126
92
338.1%
Month’s Supply of Inventory .................
3.7
1.9
8
4.3
18.2%
Percent Under Contract .......................
9.1%
23.8%
6.2%
15.4%
69.2%
$1,010,167
$1,255,833
$1,328,333
$1,218,833
20.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$1.280
MAR
$1,525,000
APR MAY
MEDIAN SALES PRICE
JUN
$790
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.3 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$1.525 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST HOLLYWOOD
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$670,000
$740,000
$700,000
$615,000
-8.2%
Average Price per Square Foot ..............
$683
$717
$707
$679
-0.6%
Properties Sold ...................................
25
39
26
19
-24.0%
Properties Pending Sale .......................
29
31
38
31
6.9%
Properties For Sale ..............................
112
114
107
91
-18.8%
Days on Market (Pending Sale) .............
30
29
46
32
6.7%
Month’s Supply of Inventory .................
4.5
2.9
4.1
4.8
6.9%
Percent Under Contract .......................
25.9%
27.2%
35.5%
34.1%
31.6%
$673,104
$712,692
$718,333
$697,396
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$670
MAR
$615,000
APR MAY
MEDIAN SALES PRICE
JUN
$679
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
4.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$615 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WEST LA
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$708,100
$826,666
$815,500
$981,000
38.5%
Average Price per Square Foot ..............
$563
$608
$606
$576
2.3%
Properties Sold ...................................
7
19
16
6
-14.3%
Properties Pending Sale .......................
12
14
10
6
-50.0%
Properties For Sale ..............................
21
25
26
17
-19.0%
Days on Market (Pending Sale) .............
33
38
25
16
-51.5%
Month’s Supply of Inventory .................
3
1.3
1.6
2.8
-5.6%
Percent Under Contract .......................
57.1%
56.0%
38.5%
35.3%
-38.2%
$773,425
$854,417
$930,333
$802,347
3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$708
MAR
$981,000
APR MAY
MEDIAN SALES PRICE
JUN
$576
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
2.8 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$981 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
WESTWOOD - CENTURY CITY
DATA*
Feb 2017
6 MONTH
3 MONTH
Feb 2018
% CHANGE
Median Price ......................................
$838,250
$810,000
$912,500
$949,000
13.2%
Average Price per Square Foot ..............
$634
$680
$821
$719
13.4%
Properties Sold ...................................
36
42
46
31
-13.9%
Properties Pending Sale .......................
40
48
177
50
25.0%
Properties For Sale ..............................
188
214
177
187
-0.5%
Days on Market (Pending Sale) .............
37
51
49
42
13.5%
Month’s Supply of Inventory .................
5.2
5.1
3.8
6
15.5%
Percent Under Contract .......................
21.3%
22.4%
100.0%
26.7%
25.7%
$840,621
$943,667
$975,667
$892,596
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT FEB
$838
MAR
$949,000
APR MAY
MEDIAN SALES PRICE
JUN
$719
JUL AUG
AVERAGE PRICE PER SQ FT
SEP OCT NOV
6 MONTH’S SUPPLY OF INVENTORY
DEC JAN FEB
$949 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : February 2018
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MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH February 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego