micro market report luxury real estate market research January 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
The number of properties that entered escrow in preparation for sale. Properties For Sale:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Redondo Beach
Toluca Lake
Bel Air - Holmby Hills
Mid Wilshire
Rolling Hills
Valley Village
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills Estates
Woodland Hills
Beverly Hills
Palms - Mar Vista
San Pedro
San Gabriel Valley Macro
Beverly Hills P.O.
Playa del Rey
Torrance
Altadena
Beverlywood
Playa Vista
San Fernando Macro
Arcadia
Brentwood
Santa Monica
Burbank
Duarte
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Encino
Eagle Rock
Culver City
Venice
Glendale
La Canada Flintridge
Hancock Park - Wilshire
West Hollywood
La Crescenta
Monrovia
Hollywood
West Los Angeles
North Hollywood
Pasadena
Hollywood Hills East
Westchester
Shadow Hills
San Gabriel
Laurel Canyon
Westwood - Century City
Sherman Oaks
San Marino
Los Feliz
South Bay Macro
Studio City
Sierra Madre
Malibu
Manhattan Beach
Sun Valley
South Pasadena
Malibu Beach
Palos Verdes Estates
Sunland - Tujunga
Marina del Rey
Rancho Palos Verdes
Tarzana
Micro Market Report : January 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 sq miles Founded: 1850
Micro Market Report : January 2014
telesproperties.com
Los Angeles County DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$625,000
$862,500
$839,500
$823,000
31.7%
Average Price per Square Foot ...........................
$463
$578
$590
$556
20.1%
Properties Sold .......................................................
519
786
804
499
-3.9%
Properties Pending Sale .......................................
673
878
824
647
-3.9%
Properties For Sale ................................................
3,144
3,764
3,892
3,155
0.3%
Days on Market (Pending Sale) ...........................
68
43
51
57
-16.2%
Month’s Supply of Inventory ................................
6.1
4.8
4.8
6.3
4.4%
Percent Under Contract ........................................
21.4%
23.3%
21.2%
20.5%
-4.2%
Average Median Price for Last 12 Months ........
$617,000
$850,083
$843,833
$808,692
23.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$625
Feb
$823,000
Mar Apr
median sales price
May
$556
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$823 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,682,500
$2,200,000
$2,414,000
$2,162,500
28.5%
Average Price per Square Foot ...........................
$623
$881
$830
$950
52.5%
Properties Sold .......................................................
10
15
25
10
0.0%
Properties Pending Sale .......................................
10
18
18
4
-60.0%
Properties For Sale ................................................
121
126
133
97
-19.8%
Days on Market (Pending Sale) ...........................
112
51
73
310
176.8%
Month’s Supply of Inventory ................................
12.1
8.4
5.3
9.7
-19.8%
Percent Under Contract ........................................
8.3%
14.3%
13.5%
4.1%
-50.1%
Average Median Price for Last 12 Months ........
$1,943,000
$2,006,583
$1,979,333
$1,944,195
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.682
Feb
$2,162,500
Mar Apr
median sales price
May
$950
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.162 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,242,000
$1,278,000
$1,431,250
$1,300,000
4.7%
Average Price per Square Foot ...........................
$553
$633
$647
$536
-3.1%
Properties Sold .......................................................
11
19
22
11
0.0%
Properties Pending Sale .......................................
10
26
10
15
50.0%
Properties For Sale ................................................
53
64
53
59
11.3%
Days on Market (Pending Sale) ...........................
52
31
22
32
-38.5%
Month’s Supply of Inventory ................................
4.8
3.4
2.4
5.4
11.3%
Percent Under Contract ........................................
18.9%
40.6%
18.9%
25.4%
34.7%
Average Median Price for Last 12 Months ........
$944,000
$1,310,532
$1,380,833
$1,213,246
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.242
Feb
$1,300,000
Mar Apr
median sales price
May
$536
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.300 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Beverly Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$6,200,000
$3,700,000
$6,000,000
$5,198,500
-16.2%
Average Price per Square Foot ...........................
$1,047
$1,084
$1,298
$1,063
1.5%
Properties Sold .......................................................
5
14
13
12
140.0%
Properties Pending Sale .......................................
5
16
20
9
80.0%
Properties For Sale ................................................
95
112
117
92
-3.2%
Days on Market (Pending Sale) ...........................
110
70
112
42
-61.8%
Month’s Supply of Inventory ................................
19
8
9
7.7
-59.6%
Percent Under Contract ........................................
5.3%
14.3%
17.1%
9.8%
85.9%
Average Median Price for Last 12 Months ........
$4,391,000
$5,265,150
$5,405,300
$4,666,108
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$6.200
Feb
$5,198,500
Mar Apr
median sales price
May
$1,063
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$5.198 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,713,210
$2,170,178
$2,340,000
$2,150,000
25.5%
Average Price per Square Foot ...........................
$542
$750
$831
$772
42.4%
Properties Sold .......................................................
9
18
13
11
22.2%
Properties Pending Sale .......................................
8
19
13
15
87.5%
Properties For Sale ................................................
98
127
132
116
18.4%
Days on Market (Pending Sale) ...........................
85
49
48
64
-24.7%
Month’s Supply of Inventory ................................
10.9
7.1
10.2
10.5
-3.2%
Percent Under Contract ........................................
8.2%
15.0%
9.8%
12.9%
58.4%
Average Median Price for Last 12 Months ........
$1,974,000
$2,053,583
$1,963,833
$2,052,107
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.713
Feb
$2,150,000
Mar Apr
median sales price
May
$772
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
10.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Beverlywood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$796,500
$960,000
$985,000
$910,000
14.2%
Average Price per Square Foot ...........................
$455
$485
$569
$573
25.9%
Properties Sold .......................................................
8
11
14
10
25.0%
Properties Pending Sale .......................................
9
16
14
20
122.2%
Properties For Sale ................................................
39
52
54
58
48.7%
Days on Market (Pending Sale) ...........................
46
22
29
40
-13.0%
Month’s Supply of Inventory ................................
4.9
4.7
3.9
5.8
19.0%
Percent Under Contract ........................................
23.1%
30.8%
25.9%
34.5%
49.4%
Average Median Price for Last 12 Months ........
$785,000
$979,417
$1,015,500
$881,985
11.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$796
Feb
$910,000
Mar Apr
median sales price
May
$573
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$910 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Brentwood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,430,000
$2,700,000
$2,538,000
$2,190,000
-9.9%
Average Price per Square Foot ...........................
$739
$876
$848
$949
28.4%
Properties Sold .......................................................
9
25
13
11
22.2%
Properties Pending Sale .......................................
21
25
21
13
-38.1%
Properties For Sale ................................................
96
112
122
77
-19.8%
Days on Market (Pending Sale) ...........................
49
65
73
61
24.5%
Month’s Supply of Inventory ................................
10.7
4.5
9.4
7
-34.4%
Percent Under Contract ........................................
21.9%
22.3%
17.2%
16.9%
-22.8%
Average Median Price for Last 12 Months ........
$1,881,000
$2,268,546
$2,225,093
$2,326,252
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.430
Feb
$2,190,000
Mar Apr
median sales price
May
$949
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,300,000
$1,939,500
$1,577,500
$1,800,000
38.5%
Average Price per Square Foot ...........................
$686
$648
$733
$892
30.0%
Properties Sold .......................................................
3
6
6
3
0.0%
Properties Pending Sale .......................................
5
8
5
3
-40.0%
Properties For Sale ................................................
18
24
16
9
-50.0%
Days on Market (Pending Sale) ...........................
17
40
19
33
94.1%
Month’s Supply of Inventory ................................
6
4
2.7
3
-50.0%
Percent Under Contract ........................................
27.8%
33.3%
31.2%
33.3%
20.0%
Average Median Price for Last 12 Months ........
$1,303,000
$1,478,792
$1,580,167
$1,430,500
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.300
Feb
$1,800,000
Mar Apr
median sales price
May
$892
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Culver City DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$715,000
$810,000
$830,000
$700,000
-2.1%
Average Price per Square Foot ...........................
$482
$488
$585
$532
10.4%
Properties Sold .......................................................
9
23
12
9
0.0%
Properties Pending Sale .......................................
13
22
12
11
-15.4%
Properties For Sale ................................................
31
66
36
30
-3.2%
Days on Market (Pending Sale) ...........................
57
38
35
49
-14.0%
Month’s Supply of Inventory ................................
3.4
2.9
3
3.3
-3.2%
Percent Under Contract ........................................
41.9%
33.3%
33.3%
36.7%
-12.6%
Average Median Price for Last 12 Months ........
$649,000
$804,500
$796,917
$788,851
17.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$715
Feb
$700,000
Mar Apr
median sales price
May
$532
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,035,000
$1,128,500
$1,427,500
$1,531,250
47.9%
Average Price per Square Foot ...........................
$493
$575
$648
$536
8.7%
Properties Sold .......................................................
7
24
29
14
100.0%
Properties Pending Sale .......................................
18
18
24
23
27.8%
Properties For Sale ................................................
71
97
108
78
9.9%
Days on Market (Pending Sale) ...........................
94
35
41
63
-33.0%
Month’s Supply of Inventory ................................
10.1
4
3.7
5.6
-45.1%
Percent Under Contract ........................................
25.4%
18.6%
22.2%
29.5%
16.3%
Average Median Price for Last 12 Months ........
$986,000
$1,310,313
$1,385,417
$1,183,625
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.035
Feb
$1,531,250
Mar Apr
median sales price
May
$536
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.531 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Hollywood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$527,498
$678,000
$532,500
$0
-100.0%
Average Price per Square Foot ...........................
$344
$414
$368
$0
-100.0%
Properties Sold .......................................................
2
11
4
0
-100.0%
Properties Pending Sale .......................................
1
4
5
4
300.0%
Properties For Sale ................................................
14
16
20
16
14.3%
Days on Market (Pending Sale) ...........................
22
15
80
36
63.6%
Month’s Supply of Inventory ................................
7
1.5
5
0
0%
Percent Under Contract ........................................
7.1%
25.0%
25.0%
25.0%
250.0%
Average Median Price for Last 12 Months ........
$602,000
$610,800
$553,750
$626,375
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$527
Feb
No sales
Mar Apr
median sales price
May
No sales
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
No sales MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Hollywood Hills East DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$889,000
$1,077,500
$1,071,250
$1,460,000
64.2%
Average Price per Square Foot ...........................
$352
$486
$483
$553
57.1%
Properties Sold .......................................................
5
6
18
9
80.0%
Properties Pending Sale .......................................
11
15
17
6
-45.5%
Properties For Sale ................................................
50
67
63
51
2.0%
Days on Market (Pending Sale) ...........................
80
58
44
36
-55.0%
Month’s Supply of Inventory ................................
4.5
4.5
3.7
5.7
24.7%
Percent Under Contract ........................................
22.0%
22.4%
27.0%
11.8%
-46.5%
Average Median Price for Last 12 Months ........
$944,000
$1,165,475
$1,294,000
$1,076,450
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$889
Feb
$1,460,000
Mar Apr
median sales price
May
$553
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.460 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Laurel Canyon DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,054,305
$1,265,000
$1,275,000
$1,076,442
2.1%
Average Price per Square Foot ...........................
$662
$595
$596
$574
-13.3%
Properties Sold .......................................................
7
25
23
20
185.7%
Properties Pending Sale .......................................
15
31
25
31
106.7%
Properties For Sale ................................................
105
138
141
144
37.1%
Days on Market (Pending Sale) ...........................
61
56
50
56
-8.2%
Month’s Supply of Inventory ................................
7
4.5
5.6
7.2
2.9%
Percent Under Contract ........................................
14.3%
22.5%
17.7%
21.5%
50.7%
Average Median Price for Last 12 Months ........
$1,124,000
$1,272,218
$1,239,981
$1,210,316
7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.054
Feb
$1,076,442
Mar Apr
median sales price
May
$574
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.076 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Los Feliz DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$995,750
$1,193,000
$1,739,000
$972,000
-2.4%
Average Price per Square Foot ...........................
$476
$588
$695
$698
46.6%
Properties Sold .......................................................
14
26
17
14
0.0%
Properties Pending Sale .......................................
16
20
19
16
0.0%
Properties For Sale ................................................
71
74
72
68
-4.2%
Days on Market (Pending Sale) ...........................
90
55
32
50
-44.4%
Month’s Supply of Inventory ................................
4.4
3.7
3.8
4.9
9.5%
Percent Under Contract ........................................
22.5%
27.0%
26.4%
23.5%
4.4%
Average Median Price for Last 12 Months ........
$977,000
$1,315,333
$1,251,333
$1,215,402
19.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$995
Feb
$972,000
Mar Apr
median sales price
May
$698
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$972 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Malibu DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,700,000
$1,825,000
$2,348,750
$2,225,000
30.9%
Average Price per Square Foot ...........................
$624
$652
$778
$726
16.3%
Properties Sold .......................................................
8
17
18
7
-12.5%
Properties Pending Sale .......................................
15
15
15
14
-6.7%
Properties For Sale ................................................
164
222
201
171
4.3%
Days on Market (Pending Sale) ...........................
164
94
109
143
-12.8%
Month’s Supply of Inventory ................................
20.5
13.1
11.2
24.4
19.2%
Percent Under Contract ........................................
9.1%
6.8%
7.5%
8.2%
-10.5%
Average Median Price for Last 12 Months ........
$1,724,000
$2,242,708
$2,477,500
$2,043,250
15.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.700
Feb
$2,225,000
Mar Apr
median sales price
May
$726
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
24.4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Malibu Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$3,175,000
$2,218,750
$14,700,000
$4,716,250
48.5%
Average Price per Square Foot ...........................
$1,610
$1,149
$2,746
$1,883
17.0%
Properties Sold .......................................................
2
4
1
2
0.0%
Properties Pending Sale .......................................
3
5
2
5
66.7%
Properties For Sale ................................................
72
83
78
64
-11.1%
Days on Market (Pending Sale) ...........................
63
303
148
260
312.7%
Month’s Supply of Inventory ................................
36
20.8
78
32
-11.1%
Percent Under Contract ........................................
4.2%
6.0%
2.6%
7.8%
87.5%
Average Median Price for Last 12 Months ........
$5,499,000
$7,086,521
$4,697,083
$6,009,644
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$3.175
Feb
$4,716,250
Mar Apr
median sales price
May
$1,883
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
32 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$4.716 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Marina Del Rey DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,735,000
$1,262,500
$1,225,000
$2,050,000
18.2%
Average Price per Square Foot ...........................
$515
$620
$729
$591
14.8%
Properties Sold .......................................................
3
4
4
1
-66.7%
Properties Pending Sale .......................................
4
4
2
7
75.0%
Properties For Sale ................................................
21
21
24
24
14.3%
Days on Market (Pending Sale) ...........................
49
29
38
52
6.1%
Month’s Supply of Inventory ................................
7
5.2
6
24
242.9%
Percent Under Contract ........................................
19.0%
19.0%
8.3%
29.2%
53.1%
Average Median Price for Last 12 Months ........
$1,306,000
$1,516,000
$1,881,667
$1,597,687
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.735
Feb
$2,050,000
Mar Apr
median sales price
May
$591
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
24 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Mid Los Angeles DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$357,500
$655,000
$380,000
$450,000
25.9%
Average Price per Square Foot ...........................
$236
$296
$289
$257
8.9%
Properties Sold .......................................................
12
10
23
9
-25.0%
Properties Pending Sale .......................................
22
16
20
14
-36.4%
Properties For Sale ................................................
59
75
86
57
-3.4%
Days on Market (Pending Sale) ...........................
59
36
50
52
-11.9%
Month’s Supply of Inventory ................................
4.9
7.5
3.7
6.3
28.8%
Percent Under Contract ........................................
37.3%
21.3%
23.3%
24.6%
-34.1%
Average Median Price for Last 12 Months ........
$317,000
$453,333
$480,000
$444,154
28.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$357
Feb
$450,000
Mar Apr
median sales price
May
$257
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Mid Wilshire DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$443,000
$330,000
$644,500
$545,000
23.0%
Average Price per Square Foot ...........................
$399
$154
$330
$387
-3.0%
Properties Sold .......................................................
2
1
4
1
-50.0%
Properties Pending Sale .......................................
2
2
3
1
-50.0%
Properties For Sale ................................................
9
16
14
9
0.0%
Days on Market (Pending Sale) ...........................
112
40
22
4
-96.4%
Month’s Supply of Inventory ................................
4.5
16
3.5
9
100.0%
Percent Under Contract ........................................
22.2%
12.5%
21.4%
11.1%
-50.0%
Average Median Price for Last 12 Months ........
$414,000
$570,667
$584,833
$511,313
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$443
Feb
$545,000
Mar Apr
median sales price
May
$387
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$545 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Pacific Palisades DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,668,000
$2,026,188
$2,577,302
$2,492,000
49.4%
Average Price per Square Foot ...........................
$677
$767
$910
$721
6.5%
Properties Sold .......................................................
12
36
24
14
16.7%
Properties Pending Sale .......................................
17
38
25
20
17.6%
Properties For Sale ................................................
90
133
129
109
21.1%
Days on Market (Pending Sale) ...........................
67
48
58
69
3.0%
Month’s Supply of Inventory ................................
7.5
3.7
5.4
7.8
3.8%
Percent Under Contract ........................................
18.9%
28.6%
19.4%
18.3%
-2.9%
Average Median Price for Last 12 Months ........
$1,994,000
$2,454,884
$2,524,000
$2,304,499
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.668
Feb
$2,492,000
Mar Apr
median sales price
May
$721
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.492 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Palms - Mar Vista DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$792,500
$921,000
$992,551
$760,000
-4.1%
Average Price per Square Foot ...........................
$589
$588
$593
$571
-3.1%
Properties Sold .......................................................
21
29
34
17
-19.0%
Properties Pending Sale .......................................
9
28
35
19
111.1%
Properties For Sale ................................................
46
68
84
55
19.6%
Days on Market (Pending Sale) ...........................
65
33
35
29
-55.4%
Month’s Supply of Inventory ................................
2.2
2.3
2.5
3.2
47.7%
Percent Under Contract ........................................
19.6%
41.2%
41.7%
34.5%
76.6%
Average Median Price for Last 12 Months ........
$765,000
$970,425
$977,000
$913,060
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$792
Feb
$760,000
Mar Apr
median sales price
May
$571
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Playa Del Rey DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$857,500
$1,340,000
$1,300,000
$1,082,710
26.3%
Average Price per Square Foot ...........................
$384
$495
$405
$611
59.1%
Properties Sold .......................................................
4
4
3
3
-25.0%
Properties Pending Sale .......................................
2
2
6
4
100.0%
Properties For Sale ................................................
11
20
16
13
18.2%
Days on Market (Pending Sale) ...........................
72
26
87
66
-8.3%
Month’s Supply of Inventory ................................
2.8
5
5.3
4.3
57.6%
Percent Under Contract ........................................
18.2%
10.0%
37.5%
30.8%
69.2%
Average Median Price for Last 12 Months ........
$963,000
$1,177,202
$1,044,570
$1,178,362
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$857
Feb
$1,082,710
Mar Apr
median sales price
May
$611
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.082 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Playa Vista DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$0
$1,499,000
$0
$0
0%
Average Price per Square Foot ...........................
$0
$433
$0
$0
0%
Properties Sold .......................................................
0
1
0
0
0%
Properties Pending Sale .......................................
1
4
0
0
-100.0%
Properties For Sale ................................................
3
10
6
7
133.3%
Days on Market (Pending Sale) ...........................
12
27
0
0
-100.0%
Month’s Supply of Inventory ................................
0
10
0
0
0%
Percent Under Contract ........................................
33.3%
40.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,097,000
$1,340,833
$1,460,000
$1,354,300
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan Feb
No sales
Mar Apr
median sales price
May
No sales
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
No sales MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Santa Monica DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,300,000
$2,683,000
$1,765,000
$1,488,000
-35.3%
Average Price per Square Foot ...........................
$710
$1,224
$960
$1,043
46.9%
Properties Sold .......................................................
13
26
19
7
-46.2%
Properties Pending Sale .......................................
19
23
22
15
-21.1%
Properties For Sale ................................................
73
86
89
66
-9.6%
Days on Market (Pending Sale) ...........................
44
33
40
62
40.9%
Month’s Supply of Inventory ................................
5.6
3.3
4.7
9.4
67.9%
Percent Under Contract ........................................
26.0%
26.7%
24.7%
22.7%
-12.7%
Average Median Price for Last 12 Months ........
$1,884,000
$1,800,708
$1,694,583
$1,931,952
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.300
Jan Feb
$1,488,000
Mar Apr
median sales price
May
$1,043
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9.4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.488 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,860,000
$1,500,000
$1,323,500
$1,220,000
-34.4%
Average Price per Square Foot ...........................
$710
$622
$715
$639
-10.0%
Properties Sold .......................................................
19
30
34
24
26.3%
Properties Pending Sale .......................................
30
36
37
36
20.0%
Properties For Sale ................................................
204
268
277
237
16.2%
Days on Market (Pending Sale) ...........................
84
67
56
70
-16.7%
Month’s Supply of Inventory ................................
10.7
8.9
8.1
9.9
-8.0%
Percent Under Contract ........................................
14.7%
13.4%
13.4%
15.2%
3.3%
Average Median Price for Last 12 Months ........
$1,393,000
$1,413,167
$1,425,500
$1,488,117
6.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.860
Jan Feb
$1,220,000
Mar Apr
median sales price
May
$639
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9.9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.220 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Venice DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,257,000
$1,250,000
$1,375,000
$1,270,000
1.0%
Average Price per Square Foot ...........................
$761
$775
$866
$972
27.7%
Properties Sold .......................................................
13
19
18
14
7.7%
Properties Pending Sale .......................................
13
16
24
8
-38.5%
Properties For Sale ................................................
50
71
70
51
2.0%
Days on Market (Pending Sale) ...........................
44
28
42
42
-4.5%
Month’s Supply of Inventory ................................
3.8
3.7
3.9
3.6
-5.3%
Percent Under Contract ........................................
26.0%
22.5%
34.3%
15.7%
-39.7%
Average Median Price for Last 12 Months ........
$1,142,000
$1,361,250
$1,345,833
$1,349,231
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.257
Feb
$1,270,000
Mar Apr
median sales price
May
$972
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.270 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West Hollywood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$682,500
$950,750
$1,325,000
$1,077,884
57.9%
Average Price per Square Foot ...........................
$702
$647
$622
$618
-12.0%
Properties Sold .......................................................
2
12
13
17
750.0%
Properties Pending Sale .......................................
7
8
12
8
14.3%
Properties For Sale ................................................
41
45
57
42
2.4%
Days on Market (Pending Sale) ...........................
22
41
48
73
231.8%
Month’s Supply of Inventory ................................
20.5
3.8
4.4
2.5
-87.9%
Percent Under Contract ........................................
17.1%
17.8%
21.1%
19.0%
11.6%
Average Median Price for Last 12 Months ........
$1,055,000
$1,173,356
$1,129,711
$1,116,168
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$682
Feb
$1,077,884
Mar Apr
median sales price
May
$618
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.077 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West Los Angeles DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$700,000
$900,000
$724,250
$805,000
15.0%
Average Price per Square Foot ...........................
$471
$569
$559
$531
12.7%
Properties Sold .......................................................
9
7
8
4
-55.6%
Properties Pending Sale .......................................
7
6
8
8
14.3%
Properties For Sale ................................................
21
25
26
19
-9.5%
Days on Market (Pending Sale) ...........................
93
43
64
38
-59.1%
Month’s Supply of Inventory ................................
2.3
3.6
3.2
4.8
103.6%
Percent Under Contract ........................................
33.3%
24.0%
30.8%
42.1%
26.3%
Average Median Price for Last 12 Months ........
$631,000
$811,108
$828,500
$779,813
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$700
Feb
$805,000
Mar Apr
median sales price
May
$531
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$805 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Westchester DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$660,000
$767,000
$752,500
$1,060,000
60.6%
Average Price per Square Foot ...........................
$415
$465
$451
$479
15.4%
Properties Sold .......................................................
11
23
24
7
-36.4%
Properties Pending Sale .......................................
12
24
28
12
0.0%
Properties For Sale ................................................
40
60
56
32
-20.0%
Days on Market (Pending Sale) ...........................
27
26
29
25
-7.4%
Month’s Supply of Inventory ................................
3.6
2.6
2.3
4.6
25.7%
Percent Under Contract ........................................
30.0%
40.0%
50.0%
37.5%
25.0%
Average Median Price for Last 12 Months ........
$632,000
$825,833
$865,000
$781,154
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$660
Feb
$1,060,000
Mar Apr
median sales price
May
$479
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.060 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
South Bay Macro Market DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,059,167
$1,281,944
$1,097,111
$1,451,389
37.0%
Average Price per Square Foot ...........................
$457
$490
$499
$478
4.6%
Properties Sold .......................................................
124
252
166
128
3.2%
Properties Pending Sale .......................................
180
226
172
147
-18.3%
Properties For Sale ................................................
480
718
663
520
8.3%
Days on Market (Pending Sale) ...........................
60
35
49
41
-31.2%
Month’s Supply of Inventory ................................
3.9
2.8
4
4.1
4.9%
Percent Under Contract ........................................
37.5%
31.5%
25.9%
28.3%
-24.6%
Average Median Price for Last 12 Months ........
$1,223,875
$1,192,669
$1,178,356
$1,329,022
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.304
Feb
$1,451,389
Mar Apr
median sales price
May
$478
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.1 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Manhattan Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,493,000
$1,575,000
$1,585,000
$2,217,500
48.5%
Average Price per Square Foot ...........................
$994
$825
$843
$703
-29.3%
Properties Sold .......................................................
17
35
25
10
-41.2%
Properties Pending Sale .......................................
23
28
20
23
0.0%
Properties For Sale ................................................
62
93
75
58
-6.5%
Days on Market (Pending Sale) ...........................
69
35
57
60
-13.0%
Month’s Supply of Inventory ................................
3.6
2.7
3
5.8
59.0%
Percent Under Contract ........................................
37.1%
30.1%
26.7%
39.7%
6.9%
Average Median Price for Last 12 Months ........
$1,521,000
$1,833,167
$1,919,667
$1,762,254
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.493
Feb
$2,217,500
Mar Apr
median sales price
May
$703
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.217 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Palos Verdes Estates DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,015,000
$1,335,000
$1,464,000
$1,775,500
74.9%
Average Price per Square Foot ...........................
$567
$642
$582
$647
14.1%
Properties Sold .......................................................
7
24
12
10
42.9%
Properties Pending Sale .......................................
17
16
16
9
-47.1%
Properties For Sale ................................................
43
69
68
45
4.7%
Days on Market (Pending Sale) ...........................
121
64
110
36
-70.2%
Month’s Supply of Inventory ................................
6.1
2.9
5.7
4.5
-26.7%
Percent Under Contract ........................................
39.5%
23.2%
23.5%
20.0%
-49.4%
Average Median Price for Last 12 Months ........
$1,461,000
$1,589,500
$1,624,333
$1,600,346
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.015
Feb
$1,775,500
Mar Apr
median sales price
May
$647
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Rancho Palos Verdes DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$950,000
$1,200,000
$1,028,000
$1,100,000
15.8%
Average Price per Square Foot ...........................
$441
$440
$471
$528
19.7%
Properties Sold .......................................................
33
37
26
25
-24.2%
Properties Pending Sale .......................................
38
43
26
19
-50.0%
Properties For Sale ................................................
101
135
117
92
-8.9%
Days on Market (Pending Sale) ...........................
110
35
81
64
-41.8%
Month’s Supply of Inventory ................................
3.1
3.6
4.5
3.7
20.2%
Percent Under Contract ........................................
37.6%
31.9%
22.2%
20.7%
-45.1%
Average Median Price for Last 12 Months ........
$947,000
$1,137,167
$1,165,000
$1,102,361
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$950
Feb
$1,100,000
Mar Apr
median sales price
May
$528
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Redondo Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$755,000
$882,000
$847,000
$802,000
6.2%
Average Price per Square Foot ...........................
$426
$535
$496
$558
31.0%
Properties Sold .......................................................
10
38
22
29
190.0%
Properties Pending Sale .......................................
25
30
28
23
-8.0%
Properties For Sale ................................................
67
100
92
72
7.5%
Days on Market (Pending Sale) ...........................
37
27
36
34
-8.1%
Month’s Supply of Inventory ................................
6.7
2.6
4.2
2.5
-62.9%
Percent Under Contract ........................................
37.3%
30.0%
30.4%
31.9%
-14.4%
Average Median Price for Last 12 Months ........
$726,000
$847,417
$828,000
$846,192
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$755
Feb
$802,000
Mar Apr
median sales price
May
$558
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$802 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Rolling Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,900,000
$4,087,500
$2,525,000
$5,000,000
72.4%
Average Price per Square Foot ...........................
$527
$742
$834
$625
18.6%
Properties Sold .......................................................
2
2
3
1
-50.0%
Properties Pending Sale .......................................
0
1
2
1
0%
Properties For Sale ................................................
16
17
19
12
-25.0%
Days on Market (Pending Sale) ...........................
0
11
16
5
0%
Month’s Supply of Inventory ................................
8
8.5
6.3
12
50.0%
Percent Under Contract ........................................
0.0%
5.9%
10.5%
8.3%
0%
Average Median Price for Last 12 Months ........
$3,004,000
$3,276,100
$3,587,500
$2,908,636
-3.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.900
Feb
$5,000,000
Mar Apr
median sales price
May
$625
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
12 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$5.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Rolling Hills Estates DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,298,000
$1,290,000
$1,210,000
$1,000,000
-23.0%
Average Price per Square Foot ...........................
$500
$488
$507
$457
-8.6%
Properties Sold .......................................................
4
8
8
1
-75.0%
Properties Pending Sale .......................................
5
13
1
5
0.0%
Properties For Sale ................................................
17
30
12
17
0.0%
Days on Market (Pending Sale) ...........................
61
72
44
73
19.7%
Month’s Supply of Inventory ................................
4.2
3.8
1.5
17
300.0%
Percent Under Contract ........................................
29.4%
43.3%
8.3%
29.4%
0.0%
Average Median Price for Last 12 Months ........
$1,162,000
$1,302,917
$1,236,667
$1,299,442
11.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.298
Jan Feb
$1,000,000
Mar Apr
median sales price
May
$457
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
17 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.000 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Pedro DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$526,500
$509,000
$485,000
$515,000
-2.2%
Average Price per Square Foot ...........................
$297
$337
$357
$386
30.0%
Properties Sold .......................................................
24
43
31
20
-16.7%
Properties Pending Sale .......................................
32
33
29
25
-21.9%
Properties For Sale ................................................
95
129
135
113
18.9%
Days on Market (Pending Sale) ...........................
76
48
46
58
-23.7%
Month’s Supply of Inventory ................................
4
3
4.4
5.6
42.7%
Percent Under Contract ........................................
33.7%
25.6%
21.5%
22.1%
-34.3%
Average Median Price for Last 12 Months ........
$420,000
$491,500
$502,333
$488,828
16.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$526
Feb
$515,000
Mar Apr
median sales price
May
$386
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$515 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$639,286
$670,500
$732,286
$763,500
19.4%
Average Price per Square Foot ...........................
$316
$369
$372
$361
14.4%
Properties Sold .......................................................
340
544
447
346
1.8%
Properties Pending Sale .......................................
455
558
520
380
-16.5%
Properties For Sale ................................................
641
952
1,077
811
26.5%
Days on Market (Pending Sale) ...........................
67
47
54
69
3.1%
Month’s Supply of Inventory ................................
1.9
1.8
2.4
2.3
24.3%
Percent Under Contract ........................................
71.0%
58.6%
48.3%
46.9%
-34.0%
Average Median Price for Last 12 Months ........
$578,871
$719,000
$718,143
$689,401
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$595
Feb
$763,500
Mar Apr
median sales price
May
$361
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$652 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Burbank DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$480,000
$605,000
$625,000
$630,000
31.2%
Average Price per Square Foot ...........................
$334
$395
$395
$388
16.2%
Properties Sold .......................................................
35
56
60
49
40.0%
Properties Pending Sale .......................................
48
72
56
46
-4.2%
Properties For Sale ................................................
58
72
93
73
25.9%
Days on Market (Pending Sale) ...........................
55
35
40
46
-16.4%
Month’s Supply of Inventory ................................
1.7
1.3
1.6
1.5
-10.1%
Percent Under Contract ........................................
82.8%
100.0%
60.2%
63.0%
-23.9%
Average Median Price for Last 12 Months ........
$498,538
$604,500
$605,667
$588,077
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$480
Feb
$630,000
Mar Apr
median sales price
May
$388
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Encino DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$690,000
$875,000
$1,248,000
$938,000
35.9%
Average Price per Square Foot ...........................
$329
$399
$447
$403
22.5%
Properties Sold .......................................................
27
49
36
32
18.5%
Properties Pending Sale .......................................
32
42
44
29
-9.4%
Properties For Sale ................................................
58
96
113
80
37.9%
Days on Market (Pending Sale) ...........................
75
41
50
74
-1.3%
Month’s Supply of Inventory ................................
2.1
2
3.1
2.5
16.4%
Percent Under Contract ........................................
55.2%
43.8%
38.9%
36.2%
-34.3%
Average Median Price for Last 12 Months ........
$750,615
$963,833
$857,667
$899,923
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$690
Feb
$938,000
Mar Apr
median sales price
May
$403
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$938 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Glendale DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$608,000
$700,000
$619,000
$760,000
25.0%
Average Price per Square Foot ...........................
$318
$378
$393
$354
11.3%
Properties Sold .......................................................
52
64
36
40
-23.1%
Properties Pending Sale .......................................
51
77
54
40
-21.6%
Properties For Sale ................................................
73
115
126
91
24.7%
Days on Market (Pending Sale) ...........................
63
51
33
53
-15.9%
Month’s Supply of Inventory ................................
1.4
1.8
3.5
2.3
62.1%
Percent Under Contract ........................................
69.9%
67.0%
42.9%
44.0%
-37.1%
Average Median Price for Last 12 Months ........
$582,538
$708,667
$735,000
$678,462
16.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$608
Feb
$760,000
Mar Apr
median sales price
May
$354
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
La Crescenta DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$511,000
$635,000
$650,000
$610,000
19.4%
Average Price per Square Foot ...........................
$352
$415
$410
$408
15.9%
Properties Sold .......................................................
11
19
27
15
36.4%
Properties Pending Sale .......................................
12
19
27
13
8.3%
Properties For Sale ................................................
15
34
29
24
60.0%
Days on Market (Pending Sale) ...........................
55
32
52
57
3.6%
Month’s Supply of Inventory ................................
1.4
1.8
1.1
1.6
17.3%
Percent Under Contract ........................................
80.0%
55.9%
93.1%
54.2%
-32.3%
Average Median Price for Last 12 Months ........
$550,923
$638,167
$618,667
$629,846
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$511
Feb
$610,000
Mar Apr
median sales price
May
$408
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
North Hollywood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$342,000
$368,000
$380,000
$393,000
14.9%
Average Price per Square Foot ...........................
$255
$291
$285
$304
19.2%
Properties Sold .......................................................
26
49
37
26
0.0%
Properties Pending Sale .......................................
52
43
61
46
-11.5%
Properties For Sale ................................................
41
51
77
71
73.2%
Days on Market (Pending Sale) ...........................
64
42
48
50
-21.9%
Month’s Supply of Inventory ................................
1.6
1
2.1
2.7
73.2%
Percent Under Contract ........................................
126.8%
84.3%
79.2%
64.8%
-48.9%
Average Median Price for Last 12 Months ........
$305,923
$402,167
$401,667
$387,769
26.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$342
Feb
$393,000
Mar Apr
median sales price
May
$304
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$393 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Shadow Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$604,000
$590,000
$633,000
$1,025,000
69.7%
Average Price per Square Foot ...........................
$271
$242
$246
$259
-4.4%
Properties Sold .......................................................
1
5
2
3
200.0%
Properties Pending Sale .......................................
1
3
2
1
0.0%
Properties For Sale ................................................
7
20
16
4
-42.9%
Days on Market (Pending Sale) ...........................
36
43
35
79
119.4%
Month’s Supply of Inventory ................................
7
4
8
1.3
-81.0%
Percent Under Contract ........................................
14.3%
15.0%
12.5%
25.0%
75.0%
Average Median Price for Last 12 Months ........
$587,583
$747,167
$731,667
$670,385
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$604
Feb
$1,025,000
Mar Apr
median sales price
May
$259
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sherman Oaks DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$770,000
$809,000
$825,000
$1,033,000
34.2%
Average Price per Square Foot ...........................
$363
$420
$437
$431
18.7%
Properties Sold .......................................................
33
72
57
40
21.2%
Properties Pending Sale .......................................
53
63
59
50
-5.7%
Properties For Sale ................................................
61
120
151
101
65.6%
Days on Market (Pending Sale) ...........................
73
50
50
97
32.9%
Month’s Supply of Inventory ................................
1.8
1.7
2.6
2.5
36.6%
Percent Under Contract ........................................
86.9%
52.5%
39.1%
49.5%
-43.0%
Average Median Price for Last 12 Months ........
$692,692
$849,333
$874,333
$808,846
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$770
Feb
$1,033,000
Mar Apr
median sales price
May
$431
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.033 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Studio City DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$745,000
$950,000
$990,000
$1,122,000
50.6%
Average Price per Square Foot ...........................
$425
$498
$489
$481
13.2%
Properties Sold .......................................................
22
27
28
21
-4.5%
Properties Pending Sale .......................................
24
35
39
26
8.3%
Properties For Sale ................................................
64
83
89
67
4.7%
Days on Market (Pending Sale) ...........................
75
52
72
57
-24.0%
Month’s Supply of Inventory ................................
2.9
3.1
3.2
3.2
9.7%
Percent Under Contract ........................................
37.5%
42.2%
43.8%
38.8%
3.5%
Average Median Price for Last 12 Months ........
$847,077
$1,087,000
$1,091,333
$981,000
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$745
Feb
$1,122,000
Mar Apr
median sales price
May
$481
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.122 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sun Valley DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$282,000
$355,000
$378,000
$350,000
24.1%
Average Price per Square Foot ...........................
$237
$274
$254
$257
8.4%
Properties Sold .......................................................
16
29
24
12
-25.0%
Properties Pending Sale .......................................
28
27
26
13
-53.6%
Properties For Sale ................................................
24
29
46
25
4.2%
Days on Market (Pending Sale) ...........................
33
72
62
87
163.6%
Month’s Supply of Inventory ................................
1.5
1
1.9
2.1
38.9%
Percent Under Contract ........................................
116.7%
93.1%
56.5%
52.0%
-55.4%
Average Median Price for Last 12 Months ........
$276,692
$366,333
$375,667
$342,923
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$282
Feb
$350,000
Mar Apr
median sales price
May
$257
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.1 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$350 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sunland/Tujunga DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$350,000
$400,000
$425,000
$426,000
21.7%
Average Price per Square Foot ...........................
$232
$289
$313
$294
26.7%
Properties Sold .......................................................
25
46
37
38
52.0%
Properties Pending Sale .......................................
30
43
42
33
10.0%
Properties For Sale ................................................
62
63
72
47
-24.2%
Days on Market (Pending Sale) ...........................
60
44
48
71
18.3%
Month’s Supply of Inventory ................................
2.5
1.4
1.9
1.2
-50.1%
Percent Under Contract ........................................
48.4%
68.3%
58.3%
70.2%
45.1%
Average Median Price for Last 12 Months ........
$348,692
$423,000
$427,333
$395,077
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$350
Feb
$426,000
Mar Apr
median sales price
May
$294
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$426 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Tarzana DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$822,000
$885,000
$833,000
$833,000
1.3%
Average Price per Square Foot ...........................
$283
$335
$331
$334
18.0%
Properties Sold .......................................................
18
30
26
20
11.1%
Properties Pending Sale .......................................
27
37
29
23
-14.8%
Properties For Sale ................................................
51
65
70
71
39.2%
Days on Market (Pending Sale) ...........................
87
63
49
70
-19.5%
Month’s Supply of Inventory ................................
2.8
2.2
2.7
3.6
25.3%
Percent Under Contract ........................................
52.9%
56.9%
41.4%
32.4%
-38.8%
Average Median Price for Last 12 Months ........
$623,923
$767,333
$758,667
$798,308
27.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$822
Feb
$833,000
Mar Apr
median sales price
May
$334
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$833 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Toluca Lake DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,562,000
$820,000
$1,170,000
$1,148,000
-26.5%
Average Price per Square Foot ...........................
$408
$507
$534
$465
14.0%
Properties Sold .......................................................
12
5
7
6
-50.0%
Properties Pending Sale .......................................
7
5
9
4
-42.9%
Properties For Sale ................................................
19
18
13
15
-21.1%
Days on Market (Pending Sale) ...........................
122
48
106
87
-28.7%
Month’s Supply of Inventory ................................
1.6
3.6
1.9
2.5
57.9%
Percent Under Contract ........................................
36.8%
27.8%
69.2%
26.7%
-27.6%
Average Median Price for Last 12 Months ........
$910,385
$1,075,000
$1,132,333
$1,112,692
22.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.562
Jan Feb
$1,148,000
Mar Apr
median sales price
May
$465
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.148 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Valley Village DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$612,000
$745,000
$823,000
$751,000
22.7%
Average Price per Square Foot ...........................
$339
$411
$379
$364
7.4%
Properties Sold .......................................................
10
22
15
12
20.0%
Properties Pending Sale .......................................
14
17
10
9
-35.7%
Properties For Sale ................................................
21
36
25
19
-9.5%
Days on Market (Pending Sale) ...........................
74
33
44
73
-1.4%
Month’s Supply of Inventory ................................
2.1
1.6
1.7
1.6
-24.6%
Percent Under Contract ........................................
66.7%
47.2%
40.0%
47.4%
-28.9%
Average Median Price for Last 12 Months ........
$594,923
$777,000
$790,333
$725,077
21.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$612
Feb
$751,000
Mar Apr
median sales price
May
$364
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$751 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$690,778
$898,556
$829,333
$936,000
35.5%
Average Price per Square Foot ...........................
$391
$424
$443
$456
16.7%
Properties Sold .......................................................
161
301
263
167
3.7%
Properties Pending Sale .......................................
181
316
240
173
-4.4%
Properties For Sale ................................................
318
560
531
372
17.0%
Days on Market (Pending Sale) ...........................
75
46
48
58
-22.4%
Month’s Supply of Inventory ................................
2
1.9
2
2.2
12.8%
Percent Under Contract ........................................
56.9%
56.4%
45.2%
46.5%
-18.3%
Average Median Price for Last 12 Months ........
$736,944
$872,222
$886,852
$851,145
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$572
Feb
$936,000
Mar Apr
median sales price
May
$456
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Altadena DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$450,000
$611,000
$550,000
$507,000
12.7%
Average Price per Square Foot ...........................
$320
$373
$395
$388
21.2%
Properties Sold .......................................................
35
54
36
28
-20.0%
Properties Pending Sale .......................................
40
51
41
22
-45.0%
Properties For Sale ................................................
49
54
54
47
-4.1%
Days on Market (Pending Sale) ...........................
52
51
39
60
15.4%
Month’s Supply of Inventory ................................
1.4
1
1.5
1.7
19.9%
Percent Under Contract ........................................
81.6%
94.4%
75.9%
46.8%
-42.7%
Average Median Price for Last 12 Months ........
$457,385
$578,833
$546,000
$564,000
23.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$450
Feb
$507,000
Mar Apr
median sales price
May
$388
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Arcadia DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$830,000
$1,290,000
$1,100,000
$1,780,000
114.5%
Average Price per Square Foot ...........................
$418
$525
$549
$589
40.9%
Properties Sold .......................................................
24
43
43
25
4.2%
Properties Pending Sale .......................................
31
47
38
37
19.4%
Properties For Sale ................................................
42
115
104
81
92.9%
Days on Market (Pending Sale) ...........................
51
39
39
75
47.1%
Month’s Supply of Inventory ................................
1.8
2.7
2.4
3.2
85.1%
Percent Under Contract ........................................
73.8%
40.9%
36.5%
45.7%
-38.1%
Average Median Price for Last 12 Months ........
$931,923
$1,359,167
$1,501,667
$1,241,385
33.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$830
Feb
$1,780,000
Mar Apr
median sales price
May
$589
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Duarte DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$350,000
$430,000
$370,000
$330,000
-5.7%
Average Price per Square Foot ...........................
$272
$315
$305
$301
10.7%
Properties Sold .......................................................
11
14
15
12
9.1%
Properties Pending Sale .......................................
16
17
14
20
25.0%
Properties For Sale ................................................
20
17
23
19
-5.0%
Days on Market (Pending Sale) ...........................
98
51
41
34
-65.3%
Month’s Supply of Inventory ................................
1.8
1.2
1.5
1.6
-12.9%
Percent Under Contract ........................................
80.0%
100.0%
60.9%
105.3%
31.6%
Average Median Price for Last 12 Months ........
$315,769
$383,000
$375,333
$375,846
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$350
Feb
$330,000
Mar Apr
median sales price
May
$301
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$330 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Eagle Rock DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$470,000
$610,000
$585,000
$561,000
19.4%
Average Price per Square Foot ...........................
$362
$395
$443
$446
23.2%
Properties Sold .......................................................
13
21
7
5
-61.5%
Properties Pending Sale .......................................
8
18
6
9
12.5%
Properties For Sale ................................................
19
26
8
11
-42.1%
Days on Market (Pending Sale) ...........................
46
42
43
35
-23.9%
Month’s Supply of Inventory ................................
1.5
1.2
1.1
2.2
50.5%
Percent Under Contract ........................................
42.1%
69.2%
75.0%
81.8%
94.3%
Average Median Price for Last 12 Months ........
$491,692
$571,500
$563,333
$545,077
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$470
Feb
$561,000
Mar Apr
median sales price
May
$446
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$561 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
La Canada Flintridge DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,191,000
$1,303,000
$1,110,000
$1,483,000
24.5%
Average Price per Square Foot ...........................
$539
$507
$579
$533
-1.1%
Properties Sold .......................................................
7
30
18
16
128.6%
Properties Pending Sale .......................................
13
32
25
13
0.0%
Properties For Sale ................................................
27
65
58
28
3.7%
Days on Market (Pending Sale) ...........................
130
44
65
60
-53.8%
Month’s Supply of Inventory ................................
3.9
2.2
3.2
1.8
-54.6%
Percent Under Contract ........................................
48.1%
49.2%
43.1%
46.4%
-3.6%
Average Median Price for Last 12 Months ........
$1,100,000
$1,241,833
$1,296,000
$1,254,385
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.191
Feb
$1,483,000
Mar Apr
median sales price
May
$533
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.483 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Monrovia DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$502,000
$578,000
$560,000
$456,000
-9.2%
Average Price per Square Foot ...........................
$318
$385
$357
$374
17.6%
Properties Sold .......................................................
18
35
25
19
5.6%
Properties Pending Sale .......................................
26
38
23
18
-30.8%
Properties For Sale ................................................
38
56
60
39
2.6%
Days on Market (Pending Sale) ...........................
91
51
69
65
-28.6%
Month’s Supply of Inventory ................................
2.1
1.6
2.4
2.1
-2.8%
Percent Under Contract ........................................
68.4%
67.9%
38.3%
46.2%
-32.5%
Average Median Price for Last 12 Months ........
$467,000
$536,500
$515,333
$528,000
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$502
Feb
$456,000
Mar Apr
median sales price
May
$374
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.1 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$456 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Pasadena DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$594,000
$679,000
$692,000
$625,000
5.2%
Average Price per Square Foot ...........................
$362
$485
$439
$436
20.4%
Properties Sold .......................................................
52
99
98
53
1.9%
Properties Pending Sale .......................................
56
113
84
52
-7.1%
Properties For Sale ................................................
119
184
199
136
14.3%
Days on Market (Pending Sale) ...........................
71
46
60
66
-7.0%
Month’s Supply of Inventory ................................
2.3
1.9
2
2.6
12.1%
Percent Under Contract ........................................
47.1%
61.4%
42.2%
38.2%
-18.8%
Average Median Price for Last 12 Months ........
$588,923
$700,833
$686,667
$678,385
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$594
Feb
$625,000
Mar Apr
median sales price
May
$436
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Gabriel DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$492,000
$617,000
$643,000
$625,000
27.0%
Average Price per Square Foot ...........................
$342
$384
$364
$395
15.5%
Properties Sold .......................................................
18
25
26
21
16.7%
Properties Pending Sale .......................................
23
28
25
20
-13.0%
Properties For Sale ................................................
39
79
73
42
7.7%
Days on Market (Pending Sale) ...........................
92
63
57
62
-32.6%
Month’s Supply of Inventory ................................
2.2
3.2
2.8
2
-7.7%
Percent Under Contract ........................................
59.0%
35.4%
34.2%
47.6%
-19.3%
Average Median Price for Last 12 Months ........
$522,538
$639,667
$620,667
$600,538
14.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$492
Feb
$625,000
Mar Apr
median sales price
May
$395
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Marino DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,323,000
$1,777,000
$1,725,000
$2,060,000
55.7%
Average Price per Square Foot ...........................
$681
$686
$724
$788
15.7%
Properties Sold .......................................................
6
14
15
8
33.3%
Properties Pending Sale .......................................
6
14
13
5
-16.7%
Properties For Sale ................................................
8
17
17
10
25.0%
Days on Market (Pending Sale) ...........................
80
49
35
41
-48.8%
Month’s Supply of Inventory ................................
1.3
1.2
1.1
1.2
-6.2%
Percent Under Contract ........................................
75.0%
82.4%
76.5%
50.0%
-33.3%
Average Median Price for Last 12 Months ........
$1,649,769
$1,867,333
$1,926,667
$1,834,615
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.323
Feb
$2,060,000
Mar Apr
median sales price
May
$788
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.060 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sierra Madre DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$612,000
$820,000
$910,000
$987,000
61.3%
Average Price per Square Foot ...........................
$391
$444
$474
$398
1.8%
Properties Sold .......................................................
4
16
13
9
125.0%
Properties Pending Sale .......................................
8
11
15
7
-12.5%
Properties For Sale ................................................
21
17
26
17
-19.0%
Days on Market (Pending Sale) ...........................
99
62
59
92
-7.1%
Month’s Supply of Inventory ................................
5.2
1.1
2
1.9
-64.0%
Percent Under Contract ........................................
38.1%
64.7%
57.7%
41.2%
8.1%
Average Median Price for Last 12 Months ........
$682,385
$853,000
$849,000
$814,846
19.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$612
Feb
$987,000
Mar Apr
median sales price
May
$398
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$987 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
South Pasadena DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$867,000
$1,200,000
$1,059,000
$783,000
-9.7%
Average Price per Square Foot ...........................
$494
$465
$497
$532
7.7%
Properties Sold .......................................................
6
15
20
11
83.3%
Properties Pending Sale .......................................
4
13
8
15
275.0%
Properties For Sale ................................................
15
20
18
17
13.3%
Days on Market (Pending Sale) ...........................
76
36
47
65
-14.5%
Month’s Supply of Inventory ................................
2.5
1.3
0.9
1.5
-38.2%
Percent Under Contract ........................................
26.7%
65.0%
44.4%
88.2%
230.9%
Average Median Price for Last 12 Months ........
$896,846
$890,833
$840,667
$941,923
5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$867
Feb
$783,000
Mar Apr
median sales price
May
$532
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
1.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$783 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Orange County
Orange County Macro
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Long Beach
West Bay - Santa Ana Heights
Dana Point
Lower Newport Bay - Balboa Island
West Newport - Lido
East Bluff - Harbor View
Mission Viejo
Westminster
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Ladera Ranch
San Clemente
Micro Market Report : January 2014
telesproperties.com
County: ORANGE Area: 948 sq miles Founded: 1889
Micro Market Report : January 2014
telesproperties.com
Orange County DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$540,100
$650,000
$639,450
$640,000
18.5%
Average Price per Square Foot ...........................
$322
$379
$391
$369
14.6%
Properties Sold .......................................................
1326
1969
1470
1039
-21.6%
Properties Pending Sale .......................................
1743
1838
1577
1366
-21.6%
Properties For Sale ................................................
5,196
6,514
6,775
5,475
5.4%
Days on Market (Pending Sale) ...........................
80
43
55
62
-22.5%
Month’s Supply of Inventory ................................
3.9
3.3
4.6
5.3
34.5%
Percent Under Contract ........................................
33.5%
28.2%
23.3%
24.9%
-25.6%
Average Median Price for Last 12 Months ........
$516,000
$647,992
$651,083
$625,619
21.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$540
Feb
$640,000
Mar Apr
median sales price
May
$369
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Balboa Peninsula DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,400,000
$3,475,000
$3,337,500
$3,550,000
47.9%
Average Price per Square Foot ...........................
$1,278
$1,200
$1,345
$1,012
-20.8%
Properties Sold .......................................................
5
9
4
1
-80.0%
Properties Pending Sale .......................................
3
9
8
2
-33.3%
Properties For Sale ................................................
48
41
46
36
-25.0%
Days on Market (Pending Sale) ...........................
175
119
135
106
-39.4%
Month’s Supply of Inventory ................................
9.6
4.6
11.5
36
275.0%
Percent Under Contract ........................................
6.2%
22.0%
17.4%
5.6%
-11.1%
Average Median Price for Last 12 Months ........
$2,111,000
$2,963,750
$3,058,333
$2,511,115
19.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.400
Feb
$3,550,000
Mar Apr
median sales price
May
$1,012
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
36 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$3.550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,750,000
$2,108,750
$1,900,000
$2,323,750
32.8%
Average Price per Square Foot ...........................
$784
$765
$849
$1,023
30.5%
Properties Sold .......................................................
7
22
9
6
-14.3%
Properties Pending Sale .......................................
11
17
10
12
9.1%
Properties For Sale ................................................
82
79
73
58
-29.3%
Days on Market (Pending Sale) ...........................
107
38
80
94
-12.1%
Month’s Supply of Inventory ................................
11.7
3.6
8.1
9.7
-17.5%
Percent Under Contract ........................................
13.4%
21.5%
13.7%
20.7%
54.2%
Average Median Price for Last 12 Months ........
$1,804,000
$2,494,625
$2,756,750
$2,306,500
27.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.750
Feb
$2,323,750
Mar Apr
median sales price
May
$1,023
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.323 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Coto de Caza DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$935,000
$980,000
$1,280,000
$900,000
-3.7%
Average Price per Square Foot ...........................
$270
$291
$347
$312
15.6%
Properties Sold .......................................................
13
33
15
13
0.0%
Properties Pending Sale .......................................
30
20
20
19
-36.7%
Properties For Sale ................................................
95
130
139
112
17.9%
Days on Market (Pending Sale) ...........................
134
46
61
134
0.0%
Month’s Supply of Inventory ................................
7.3
3.9
9.3
8.6
17.9%
Percent Under Contract ........................................
31.6%
15.4%
14.4%
17.0%
-46.3%
Average Median Price for Last 12 Months ........
$900,000
$1,055,117
$1,042,500
$1,039,419
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$935
Feb
$900,000
Mar Apr
median sales price
May
$312
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
8.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Crystal Cove DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$8,800,000
$5,950,000
$3,800,000
$5,259,000
-40.2%
Average Price per Square Foot ...........................
$967
$980
$965
$1,119
15.7%
Properties Sold .......................................................
1
4
4
1
0.0%
Properties Pending Sale .......................................
5
5
2
3
-40.0%
Properties For Sale ................................................
28
31
20
17
-39.3%
Days on Market (Pending Sale) ...........................
59
100
212
72
22.0%
Month’s Supply of Inventory ................................
28
7.8
5
17
-39.3%
Percent Under Contract ........................................
17.9%
16.1%
10.0%
17.6%
-1.2%
Average Median Price for Last 12 Months ........
$4,103,000
$4,628,417
$4,744,333
$4,852,346
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $8.800
Jan Feb
$5,259,000
Mar Apr
median sales price
May
$1,119
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
17 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$5.259 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Dana Point DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$703,500
$950,000
$1,000,000
$775,000
10.2%
Average Price per Square Foot ...........................
$430
$504
$558
$417
-3.0%
Properties Sold .......................................................
18
35
32
17
-5.6%
Properties Pending Sale .......................................
31
39
36
25
-19.4%
Properties For Sale ................................................
156
211
201
147
-5.8%
Days on Market (Pending Sale) ...........................
132
58
84
78
-40.9%
Month’s Supply of Inventory ................................
8.7
6
6.3
8.6
-0.2%
Percent Under Contract ........................................
19.9%
18.5%
17.9%
17.0%
-14.4%
Average Median Price for Last 12 Months ........
$703,000
$907,417
$829,167
$874,269
24.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$703
Feb
$775,000
Mar Apr
median sales price
May
$417
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
8.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
East Bluff - Harbor View DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,350,000
$1,710,000
$1,493,750
$1,619,000
19.9%
Average Price per Square Foot ...........................
$507
$631
$574
$538
6.1%
Properties Sold .......................................................
11
23
16
9
-18.2%
Properties Pending Sale .......................................
22
24
12
20
-9.1%
Properties For Sale ................................................
76
74
77
67
-11.8%
Days on Market (Pending Sale) ...........................
61
54
59
57
-6.6%
Month’s Supply of Inventory ................................
6.9
3.2
4.8
7.4
7.7%
Percent Under Contract ........................................
28.9%
32.4%
15.6%
29.9%
3.1%
Average Median Price for Last 12 Months ........
$1,354,000
$1,679,708
$1,699,000
$1,622,285
19.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.350
Feb
$1,619,000
Mar Apr
median sales price
May
$538
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.619 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
East Costa Mesa DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$771,000
$950,000
$867,000
$845,000
9.6%
Average Price per Square Foot ...........................
$399
$484
$498
$485
21.6%
Properties Sold .......................................................
11
18
22
8
-27.3%
Properties Pending Sale .......................................
16
12
15
15
-6.2%
Properties For Sale ................................................
38
62
73
55
44.7%
Days on Market (Pending Sale) ...........................
108
30
54
54
-50.0%
Month’s Supply of Inventory ................................
3.5
3.4
3.3
6.9
99.0%
Percent Under Contract ........................................
42.1%
19.4%
20.5%
27.3%
-35.2%
Average Median Price for Last 12 Months ........
$682,000
$861,642
$863,867
$837,908
22.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$771
Feb
$845,000
Mar Apr
median sales price
May
$485
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$845 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Fountain Valley DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$573,000
$655,000
$672,500
$650,000
13.4%
Average Price per Square Foot ...........................
$289
$322
$319
$341
18.0%
Properties Sold .......................................................
18
40
26
23
27.8%
Properties Pending Sale .......................................
25
29
25
19
-24.0%
Properties For Sale ................................................
60
68
82
67
11.7%
Days on Market (Pending Sale) ...........................
61
27
48
47
-23.0%
Month’s Supply of Inventory ................................
3.3
1.7
3.2
2.9
-12.6%
Percent Under Contract ........................................
41.7%
42.6%
30.5%
28.4%
-31.9%
Average Median Price for Last 12 Months ........
$560,000
$656,750
$658,333
$639,350
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$573
Feb
$650,000
Mar Apr
median sales price
May
$341
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.9 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Huntington Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$645,000
$737,000
$735,000
$683,000
5.9%
Average Price per Square Foot ...........................
$350
$431
$418
$433
23.7%
Properties Sold .......................................................
87
114
103
56
-35.6%
Properties Pending Sale .......................................
100
109
94
78
-22.0%
Properties For Sale ................................................
294
382
384
312
6.1%
Days on Market (Pending Sale) ...........................
75
35
51
50
-33.3%
Month’s Supply of Inventory ................................
3.4
3.4
3.7
5.6
64.9%
Percent Under Contract ........................................
34.0%
28.5%
24.5%
25.0%
-26.5%
Average Median Price for Last 12 Months ........
$614,000
$722,000
$714,333
$701,567
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$645
Feb
$683,000
Mar Apr
median sales price
May
$433
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$683 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Irvine DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$815,000
$900,000
$920,000
$848,500
4.1%
Average Price per Square Foot ...........................
$380
$456
$421
$427
12.4%
Properties Sold .......................................................
84
115
91
56
-33.3%
Properties Pending Sale .......................................
94
117
76
83
-11.7%
Properties For Sale ................................................
262
364
357
299
14.1%
Days on Market (Pending Sale) ...........................
114
44
52
57
-50.0%
Month’s Supply of Inventory ................................
3.1
3.2
3.9
5.3
71.2%
Percent Under Contract ........................................
35.9%
32.1%
21.3%
27.8%
-22.6%
Average Median Price for Last 12 Months ........
$744,000
$882,699
$855,564
$878,883
18.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$815
Feb
$848,500
Mar Apr
median sales price
May
$427
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$848 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Ladera Ranch DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$622,500
$832,500
$820,000
$915,000
47.0%
Average Price per Square Foot ...........................
$272
$317
$309
$326
19.9%
Properties Sold .......................................................
20
36
13
21
5.0%
Properties Pending Sale .......................................
29
32
26
27
-6.9%
Properties For Sale ................................................
82
136
128
88
7.3%
Days on Market (Pending Sale) ...........................
85
53
70
83
-2.4%
Month’s Supply of Inventory ................................
4.1
3.8
9.8
4.2
2.2%
Percent Under Contract ........................................
35.4%
23.5%
20.3%
30.7%
-13.2%
Average Median Price for Last 12 Months ........
$679,000
$860,458
$892,500
$824,725
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$622
Feb
$915,000
Mar Apr
median sales price
May
$326
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Laguna Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,412,500
$1,770,000
$1,575,000
$1,722,500
21.9%
Average Price per Square Foot ...........................
$759
$924
$1,201
$993
30.8%
Properties Sold .......................................................
24
30
24
12
-50.0%
Properties Pending Sale .......................................
39
29
25
30
-23.1%
Properties For Sale ................................................
206
258
249
216
4.9%
Days on Market (Pending Sale) ...........................
139
102
116
109
-21.6%
Month’s Supply of Inventory ................................
8.6
8.6
10.4
18
109.7%
Percent Under Contract ........................................
18.9%
11.2%
10.0%
13.9%
-26.6%
Average Median Price for Last 12 Months ........
$1,313,000
$1,734,208
$1,735,833
$1,626,804
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.412
Feb
$1,722,500
Mar Apr
median sales price
May
$993
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
18 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.722 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Laguna Niguel DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$719,000
$755,000
$867,900
$790,000
9.9%
Average Price per Square Foot ...........................
$330
$370
$396
$385
16.7%
Properties Sold .......................................................
35
67
45
31
-11.4%
Properties Pending Sale .......................................
60
62
36
40
-33.3%
Properties For Sale ................................................
189
215
208
202
6.9%
Days on Market (Pending Sale) ...........................
74
48
52
62
-16.2%
Month’s Supply of Inventory ................................
5.4
3.2
4.6
6.5
20.7%
Percent Under Contract ........................................
31.7%
28.8%
17.3%
19.8%
-37.6%
Average Median Price for Last 12 Months ........
$642,000
$799,483
$783,333
$768,508
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$719
Feb
$790,000
Mar Apr
median sales price
May
$385
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Laguna Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$607,000
$780,000
$750,000
$632,500
4.2%
Average Price per Square Foot ...........................
$321
$343
$326
$333
3.7%
Properties Sold .......................................................
19
23
11
10
-47.4%
Properties Pending Sale .......................................
16
27
24
16
0.0%
Properties For Sale ................................................
54
92
96
67
24.1%
Days on Market (Pending Sale) ...........................
41
48
58
64
56.1%
Month’s Supply of Inventory ................................
2.8
4
8.7
6.7
135.7%
Percent Under Contract ........................................
29.6%
29.3%
25.0%
23.9%
-19.4%
Average Median Price for Last 12 Months ........
$602,000
$682,500
$687,500
$694,688
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$607
Feb
$632,500
Mar Apr
median sales price
May
$333
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$632 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Laguna Woods DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$0
$617,000
$660,000
$483,000
0%
Average Price per Square Foot ...........................
$0
$346
$440
$287
0%
Properties Sold .......................................................
0
1
1
1
0%
Properties Pending Sale .......................................
0
0
1
0
0%
Properties For Sale ................................................
0
0
2
0
0%
Days on Market (Pending Sale) ...........................
0
0
3
0
0%
Month’s Supply of Inventory ................................
0
0
2
0
0%
Percent Under Contract ........................................
0%
0%
50.0%
0%
0%
Average Median Price for Last 12 Months ........
$600,000
$604,250
$585,000
$599,714
-0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan Feb
$483,000
Mar Apr
median sales price
May
$287
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
No sales MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$483 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,449,500
$3,995,000
$2,915,000
$2,800,000
14.3%
Average Price per Square Foot ...........................
$1,076
$1,463
$1,020
$1,090
1.3%
Properties Sold .......................................................
4
2
4
3
-25.0%
Properties Pending Sale .......................................
6
5
4
4
-33.3%
Properties For Sale ................................................
36
36
37
36
0.0%
Days on Market (Pending Sale) ...........................
156
67
110
68
-56.4%
Month’s Supply of Inventory ................................
9
18
9.2
12
33.3%
Percent Under Contract ........................................
16.7%
13.9%
10.8%
11.1%
-33.3%
Average Median Price for Last 12 Months ........
$2,261,000
$2,681,208
$2,324,917
$2,486,865
10.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.449
Feb
$2,800,000
Mar Apr
median sales price
May
$1,090
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
12 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.800 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Mission Viejo DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$526,500
$618,000
$617,500
$599,500
13.9%
Average Price per Square Foot ...........................
$276
$316
$303
$310
12.3%
Properties Sold .......................................................
77
106
82
62
-19.5%
Properties Pending Sale .......................................
94
113
89
72
-23.4%
Properties For Sale ................................................
199
296
319
221
11.1%
Days on Market (Pending Sale) ...........................
66
35
53
61
-7.6%
Month’s Supply of Inventory ................................
2.6
2.8
3.9
3.6
37.9%
Percent Under Contract ........................................
47.2%
38.2%
27.9%
32.6%
-31.0%
Average Median Price for Last 12 Months ........
$506,000
$624,667
$636,167
$603,292
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$526
Feb
$599,500
Mar Apr
median sales price
May
$310
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$599 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Newport Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,585,000
$1,675,000
$1,850,000
$1,965,000
24.0%
Average Price per Square Foot ...........................
$681
$758
$654
$698
2.5%
Properties Sold .......................................................
37
63
42
25
-32.4%
Properties Pending Sale .......................................
42
58
57
43
2.4%
Properties For Sale ................................................
255
275
312
241
-5.5%
Days on Market (Pending Sale) ...........................
92
61
112
73
-20.7%
Month’s Supply of Inventory ................................
6.9
4.4
7.4
9.6
39.9%
Percent Under Contract ........................................
16.5%
21.1%
18.3%
17.8%
8.3%
Average Median Price for Last 12 Months ........
$1,408,000
$1,837,083
$1,853,333
$1,710,750
21.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.585
Feb
$1,965,000
Mar Apr
median sales price
May
$698
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
9.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.965 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Newport Coast DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,425,000
$3,007,500
$2,435,000
$4,215,000
73.8%
Average Price per Square Foot ...........................
$659
$832
$792
$861
30.7%
Properties Sold .......................................................
9
14
17
10
11.1%
Properties Pending Sale .......................................
13
15
18
11
-15.4%
Properties For Sale ................................................
79
99
91
67
-15.2%
Days on Market (Pending Sale) ...........................
104
67
73
70
-32.7%
Month’s Supply of Inventory ................................
8.8
7.1
5.4
6.7
-23.7%
Percent Under Contract ........................................
16.5%
15.2%
19.8%
16.4%
-0.2%
Average Median Price for Last 12 Months ........
$2,100,000
$2,829,917
$2,989,167
$2,926,885
39.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.425
Feb
$4,215,000
Mar Apr
median sales price
May
$861
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$4.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Newport Heights DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,840,000
$1,350,000
$1,682,500
$2,016,500
9.6%
Average Price per Square Foot ...........................
$547
$574
$799
$568
3.8%
Properties Sold .......................................................
3
7
6
2
-33.3%
Properties Pending Sale .......................................
2
6
10
2
0.0%
Properties For Sale ................................................
29
33
39
22
-24.1%
Days on Market (Pending Sale) ...........................
124
16
86
118
-4.8%
Month’s Supply of Inventory ................................
9.7
4.7
6.5
11
13.8%
Percent Under Contract ........................................
6.9%
18.2%
25.6%
9.1%
31.8%
Average Median Price for Last 12 Months ........
$1,255,000
$1,665,302
$1,761,437
$1,608,484
28.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.840
Feb
$2,016,500
Mar Apr
median sales price
May
$568
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
11 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.016 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Rancho Santa Margarita DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$555,000
$647,725
$637,500
$635,000
14.4%
Average Price per Square Foot ...........................
$252
$310
$309
$297
17.9%
Properties Sold .......................................................
31
46
46
27
-12.9%
Properties Pending Sale .......................................
45
49
39
43
-4.4%
Properties For Sale ................................................
91
143
146
112
23.1%
Days on Market (Pending Sale) ...........................
63
29
53
47
-25.4%
Month’s Supply of Inventory ................................
2.9
3.1
3.2
4.1
41.3%
Percent Under Contract ........................................
49.5%
34.3%
26.7%
38.4%
-22.4%
Average Median Price for Last 12 Months ........
$519,000
$627,333
$625,500
$621,094
19.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$555
Feb
$635,000
Mar Apr
median sales price
May
$297
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.1 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$635 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Clemente DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$735,000
$812,500
$781,000
$768,000
4.5%
Average Price per Square Foot ...........................
$337
$364
$411
$326
-3.3%
Properties Sold .......................................................
43
62
45
41
-4.7%
Properties Pending Sale .......................................
68
58
58
50
-26.5%
Properties For Sale ................................................
227
320
307
231
1.8%
Days on Market (Pending Sale) ...........................
82
46
70
53
-35.4%
Month’s Supply of Inventory ................................
5.3
5.2
6.8
5.6
6.7%
Percent Under Contract ........................................
30.0%
18.1%
18.9%
21.6%
-27.7%
Average Median Price for Last 12 Months ........
$700,000
$821,500
$812,667
$799,077
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$735
Feb
$768,000
Mar Apr
median sales price
May
$326
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$768 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
San Juan Capistrano DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$724,000
$751,700
$637,500
$756,000
4.4%
Average Price per Square Foot ...........................
$273
$336
$333
$329
20.5%
Properties Sold .......................................................
13
35
24
26
100.0%
Properties Pending Sale .......................................
26
34
21
24
-7.7%
Properties For Sale ................................................
114
149
152
124
8.8%
Days on Market (Pending Sale) ...........................
106
73
76
94
-11.3%
Month’s Supply of Inventory ................................
8.8
4.3
6.3
4.8
-45.6%
Percent Under Contract ........................................
22.8%
22.8%
13.8%
19.4%
-15.1%
Average Median Price for Last 12 Months ........
$611,000
$811,000
$794,500
$773,977
26.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$724
Feb
$756,000
Mar Apr
median sales price
May
$329
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$756 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Shady Canyon DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$6,675,000
$4,300,000
$0
$0
-100.0%
Average Price per Square Foot ...........................
$668
$717
$0
$0
-100.0%
Properties Sold .......................................................
1
1
0
0
-100.0%
Properties Pending Sale .......................................
2
0
0
0
-100.0%
Properties For Sale ................................................
21
8
8
8
-61.9%
Days on Market (Pending Sale) ...........................
37
0
0
0
-100.0%
Month’s Supply of Inventory ................................
21
8
0
0
0%
Percent Under Contract ........................................
9.5%
0.0%
0.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,394,000
$6,300,000
$6,300,000
$5,695,857
29.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$6.675
Feb
No sales
Mar Apr
median sales price
May
No sales
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
No sales MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Turtle Ridge DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,200,000
$1,980,000
$2,620,000
$2,282,596
3.8%
Average Price per Square Foot ...........................
$598
$660
$661
$642
7.4%
Properties Sold .......................................................
3
7
3
3
0.0%
Properties Pending Sale .......................................
5
3
2
2
-60.0%
Properties For Sale ................................................
18
21
25
26
44.4%
Days on Market (Pending Sale) ...........................
122
29
96
102
-16.4%
Month’s Supply of Inventory ................................
6
3
8.3
8.7
44.4%
Percent Under Contract ........................................
27.8%
14.3%
8.0%
7.7%
-72.3%
Average Median Price for Last 12 Months ........
$1,966,000
$2,523,519
$2,336,699
$2,255,550
14.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$2.200
Feb
$2,282,596
Mar Apr
median sales price
May
$642
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
8.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.282 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Turtle Rock DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$957,250
$0
$1,749,000
$1,600,888
67.2%
Average Price per Square Foot ...........................
$475
$0
$624
$552
16.2%
Properties Sold .......................................................
8
0
2
1
-87.5%
Properties Pending Sale .......................................
5
1
2
0
-100.0%
Properties For Sale ................................................
13
7
10
4
-69.2%
Days on Market (Pending Sale) ...........................
49
13
66
0
-100.0%
Month’s Supply of Inventory ................................
1.6
0
5
4
146.2%
Percent Under Contract ........................................
38.5%
14.3%
20.0%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,028,000
$1,678,918
$2,295,444
$1,384,984
34.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$957
Feb
$1,600,888
Mar Apr
median sales price
May
$552
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Westminster DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$417,000
$525,500
$496,000
$497,000
19.2%
Average Price per Square Foot ...........................
$275
$308
$311
$347
26.2%
Properties Sold .......................................................
28
45
43
19
-32.1%
Properties Pending Sale .......................................
30
38
38
31
3.3%
Properties For Sale ................................................
92
124
113
107
16.3%
Days on Market (Pending Sale) ...........................
33
33
41
37
12.1%
Month’s Supply of Inventory ................................
3.3
2.8
2.6
5.6
71.4%
Percent Under Contract ........................................
32.6%
30.6%
33.6%
29.0%
-11.2%
Average Median Price for Last 12 Months ........
$395,000
$500,917
$506,500
$489,462
23.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$417
Feb
$497,000
Mar Apr
median sales price
May
$347
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$497 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$915,000
$1,500,000
$1,730,000
$1,850,000
102.2%
Average Price per Square Foot ...........................
$545
$574
$427
$516
-5.3%
Properties Sold .......................................................
7
13
6
4
-42.9%
Properties Pending Sale .......................................
4
7
15
6
50.0%
Properties For Sale ................................................
37
37
57
40
8.1%
Days on Market (Pending Sale) ...........................
87
52
64
102
17.2%
Month’s Supply of Inventory ................................
5.3
2.8
9.5
10
89.2%
Percent Under Contract ........................................
10.8%
18.9%
26.3%
15.0%
38.8%
Average Median Price for Last 12 Months ........
$1,171,000
$1,522,583
$1,589,167
$1,407,192
20.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$915
Feb
$1,850,000
Mar Apr
median sales price
May
$516
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
10 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West Newport - Lido DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,697,500
$1,317,500
$1,787,500
$1,590,000
-6.3%
Average Price per Square Foot ...........................
$675
$996
$738
$991
46.8%
Properties Sold .......................................................
7
8
6
6
-14.3%
Properties Pending Sale .......................................
5
5
8
9
80.0%
Properties For Sale ................................................
29
52
56
40
37.9%
Days on Market (Pending Sale) ...........................
95
75
285
73
-23.2%
Month’s Supply of Inventory ................................
4.1
6.5
9.3
6.7
60.9%
Percent Under Contract ........................................
17.2%
9.6%
14.3%
22.5%
30.5%
Average Median Price for Last 12 Months ........
$1,665,000
$2,124,108
$1,673,217
$1,807,627
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.697
Feb
$1,590,000
Mar Apr
median sales price
May
$991
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : January 2014
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County: SANTA BARBARA Area: 3,789 sq miles Founded: 1850
Micro Market Report : January 2014
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Carpinteria DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$799,000
$844,500
$942,999
$840,730
5.2%
Average Price per Square Foot ...........................
$716
$524
$621
$630
-12.0%
Properties Sold .......................................................
5
4
11
1
-80.0%
Properties Pending Sale .......................................
5
9
10
2
-60.0%
Properties For Sale ................................................
49
54
50
34
-30.6%
Days on Market (Pending Sale) ...........................
147
67
73
15
-89.8%
Month’s Supply of Inventory ................................
9.8
13.5
4.5
34
246.9%
Percent Under Contract ........................................
10.2%
16.7%
20.0%
5.9%
-42.4%
Average Median Price for Last 12 Months ........
$1,095,000
$1,070,616
$1,303,243
$947,399
-13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$799
Feb
$840,730
Mar Apr
median sales price
May
$630
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
34 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Goleta DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$650,000
$775,000
$773,000
$899,000
38.3%
Average Price per Square Foot ...........................
$403
$428
$392
$525
30.3%
Properties Sold .......................................................
13
11
9
5
-61.5%
Properties Pending Sale .......................................
7
15
8
6
-14.3%
Properties For Sale ................................................
18
34
30
20
11.1%
Days on Market (Pending Sale) ...........................
7
26
39
46
557.1%
Month’s Supply of Inventory ................................
1.4
3.1
3.3
4
188.9%
Percent Under Contract ........................................
38.9%
44.1%
26.7%
30.0%
-22.9%
Average Median Price for Last 12 Months ........
$606,000
$780,750
$812,167
$775,040
27.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$650
Feb
$899,000
Mar Apr
median sales price
May
$525
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$899 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Hope Ranch DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,495,000
$1,630,500
$3,500,000
$3,640,000
143.5%
Average Price per Square Foot ...........................
$519
$781
$1,056
$999
92.5%
Properties Sold .......................................................
5
4
1
2
-60.0%
Properties Pending Sale .......................................
0
1
1
4
0%
Properties For Sale ................................................
27
27
38
33
22.2%
Days on Market (Pending Sale) ...........................
0
16
263
118
0%
Month’s Supply of Inventory ................................
5.4
6.8
38
16.5
205.6%
Percent Under Contract ........................................
0.0%
3.7%
2.6%
12.1%
0%
Average Median Price for Last 12 Months ........
$2,153,000
$2,934,167
$3,276,667
$2,818,266
30.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.495
Feb
$3,640,000
Mar Apr
median sales price
May
$999
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
16.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$3.640 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Montecito DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$2,730,000
$1,900,000
$2,492,000
$2,165,000
-20.7%
Average Price per Square Foot ...........................
$895
$771
$1,033
$822
-8.2%
Properties Sold .......................................................
13
22
14
19
46.2%
Properties Pending Sale .......................................
22
16
12
10
-54.5%
Properties For Sale ................................................
218
200
189
144
-33.9%
Days on Market (Pending Sale) ...........................
122
59
116
78
-36.1%
Month’s Supply of Inventory ................................
16.8
9.1
13.5
7.6
-54.8%
Percent Under Contract ........................................
10.1%
8.0%
6.3%
6.9%
-31.2%
Average Median Price for Last 12 Months ........
$2,066,000
$2,369,708
$2,172,917
$2,446,750
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $2.730
Jan Feb
$2,165,000
Mar Apr
median sales price
May
$822
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$2.165 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Santa Barbara East of State DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$948,500
$943,280
$1,050,000
$1,112,500
17.3%
Average Price per Square Foot ...........................
$489
$588
$576
$573
17.2%
Properties Sold .......................................................
16
28
26
26
62.5%
Properties Pending Sale .......................................
20
21
26
16
-20.0%
Properties For Sale ................................................
118
144
137
92
-22.0%
Days on Market (Pending Sale) ...........................
28
37
61
77
175.0%
Month’s Supply of Inventory ................................
7.4
5.1
5.3
3.5
-52.0%
Percent Under Contract ........................................
16.9%
14.6%
19.0%
17.4%
2.6%
Average Median Price for Last 12 Months ........
$871,000
$1,100,417
$1,095,833
$1,032,298
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$948
Feb
$1,112,500
Mar Apr
median sales price
May
$573
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.112 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Santa Barbara West of State DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$640,000
$925,000
$942,500
$1,055,000
64.8%
Average Price per Square Foot ...........................
$474
$557
$556
$616
30.0%
Properties Sold .......................................................
15
25
20
20
33.3%
Properties Pending Sale .......................................
17
24
19
15
-11.8%
Properties For Sale ................................................
65
76
76
55
-15.4%
Days on Market (Pending Sale) ...........................
40
62
47
25
-37.5%
Month’s Supply of Inventory ................................
4.3
3
3.8
2.8
-36.5%
Percent Under Contract ........................................
26.2%
31.6%
25.0%
27.3%
4.3%
Average Median Price for Last 12 Months ........
$674,000
$923,083
$921,000
$855,265
26.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$640
Feb
$1,055,000
Mar Apr
median sales price
May
$616
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.055 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Santa Ynez DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$715,000
$600,000
$656,000
$992,500
38.8%
Average Price per Square Foot ...........................
$321
$913
$316
$588
83.2%
Properties Sold .......................................................
9
15
5
4
-55.6%
Properties Pending Sale .......................................
10
16
2
12
20.0%
Properties For Sale ................................................
91
118
118
103
13.2%
Days on Market (Pending Sale) ...........................
174
73
44
73
-58.0%
Month’s Supply of Inventory ................................
10.1
7.9
23.6
25.8
154.7%
Percent Under Contract ........................................
11.0%
13.6%
1.7%
11.7%
6.0%
Average Median Price for Last 12 Months ........
$601,000
$710,417
$736,833
$701,942
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$715
Feb
$992,500
Mar Apr
median sales price
May
$588
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
25.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$992 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : January 2014
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County: MONTEREY Area: 3,771 sq miles Founded: 1850
Micro Market Report : January 2014
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Carmel DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,625,000
$1,362,500
$1,050,000
$1,816,875
11.8%
Average Price per Square Foot ...........................
$963
$639
$772
$1,081
12.3%
Properties Sold .......................................................
9
20
11
12
33.3%
Properties Pending Sale .......................................
12
19
17
22
83.3%
Properties For Sale ................................................
149
178
166
146
-2.0%
Days on Market (Pending Sale) ...........................
78
109
174
109
39.7%
Month’s Supply of Inventory ................................
16.6
8.9
15.1
12.2
-26.5%
Percent Under Contract ........................................
8.1%
10.7%
10.2%
15.1%
87.1%
Average Median Price for Last 12 Months ........
$1,110,000
$1,322,438
$1,527,292
$1,315,779
18.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.625
Feb
$1,816,875
Mar Apr
median sales price
May
$1,081
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
12.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.816 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Carmel Valley DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$673,792
$837,500
$1,058,500
$1,150,000
70.7%
Average Price per Square Foot ...........................
$338
$495
$423
$453
34.0%
Properties Sold .......................................................
10
17
6
5
-50.0%
Properties Pending Sale .......................................
13
9
10
11
-15.4%
Properties For Sale ................................................
87
105
120
89
2.3%
Days on Market (Pending Sale) ...........................
169
80
95
159
-5.9%
Month’s Supply of Inventory ................................
8.7
6.2
20
17.8
104.6%
Percent Under Contract ........................................
14.9%
8.6%
8.3%
12.4%
-17.3%
Average Median Price for Last 12 Months ........
$815,000
$1,083,417
$1,171,667
$918,830
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$673
Feb
$1,150,000
Mar Apr
median sales price
May
$453
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
17.8 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Pacific Grove DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$599,000
$737,000
$727,900
$772,250
28.9%
Average Price per Square Foot ...........................
$425
$426
$575
$538
26.6%
Properties Sold .......................................................
11
15
15
14
27.3%
Properties Pending Sale .......................................
19
15
11
5
-73.7%
Properties For Sale ................................................
65
70
56
50
-23.1%
Days on Market (Pending Sale) ...........................
72
130
80
26
-63.9%
Month’s Supply of Inventory ................................
5.9
4.7
3.7
3.6
-39.6%
Percent Under Contract ........................................
29.2%
21.4%
19.6%
10.0%
-65.8%
Average Median Price for Last 12 Months ........
$597,000
$735,233
$755,583
$691,204
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$599
Feb
$772,250
Mar Apr
median sales price
May
$538
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$772 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Pebble Beach DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$975,000
$1,237,500
$1,130,000
$1,918,000
96.7%
Average Price per Square Foot ...........................
$481
$538
$589
$744
54.7%
Properties Sold .......................................................
11
12
9
6
-45.5%
Properties Pending Sale .......................................
9
14
5
14
55.6%
Properties For Sale ................................................
83
105
93
85
2.4%
Days on Market (Pending Sale) ...........................
45
87
67
134
197.8%
Month’s Supply of Inventory ................................
7.5
8.7
10.3
14.2
87.8%
Percent Under Contract ........................................
10.8%
13.3%
5.4%
16.5%
51.9%
Average Median Price for Last 12 Months ........
$1,198,000
$1,503,454
$1,648,575
$1,451,210
21.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$975
Feb
$1,918,000
Mar Apr
median sales price
May
$744
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
14.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.918 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : January 2014
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County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : January 2014
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Beverly Center - Miracle Mile DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$572,500
$711,500
$754,500
$495,000
-13.5%
Average Price per Square Foot ...........................
$390
$518
$481
$524
34.4%
Properties Sold .......................................................
6
7
14
5
-16.7%
Properties Pending Sale .......................................
6
7
7
6
0.0%
Properties For Sale ................................................
22
30
40
25
13.6%
Days on Market (Pending Sale) ...........................
33
38
31
88
166.7%
Month’s Supply of Inventory ................................
3.7
4.3
2.9
5
36.4%
Percent Under Contract ........................................
27.3%
23.3%
17.5%
24.0%
-12.0%
Average Median Price for Last 12 Months ........
$522,000
$702,750
$689,167
$619,158
18.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$572
Feb
$495,000
Mar Apr
median sales price
May
$524
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Beverly Hills DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$947,500
$880,000
$1,067,500
$1,250,000
31.9%
Average Price per Square Foot ...........................
$516
$1,020
$505
$1,214
135.3%
Properties Sold .......................................................
10
9
8
5
-50.0%
Properties Pending Sale .......................................
9
11
5
10
11.1%
Properties For Sale ................................................
54
47
48
50
-7.4%
Days on Market (Pending Sale) ...........................
131
56
30
65
-50.4%
Month’s Supply of Inventory ................................
5.4
5.2
6
10
85.2%
Percent Under Contract ........................................
16.7%
23.4%
10.4%
20.0%
20.0%
Average Median Price for Last 12 Months ........
$915,000
$961,417
$1,022,500
$907,673
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$947
Feb
$1,250,000
Mar Apr
median sales price
May
$1,214
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
10 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Brentwood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$789,500
$710,000
$715,000
$818,500
3.7%
Average Price per Square Foot ...........................
$461
$498
$492
$483
4.8%
Properties Sold .......................................................
12
18
14
10
-16.7%
Properties Pending Sale .......................................
20
16
12
14
-30.0%
Properties For Sale ................................................
72
74
73
56
-22.2%
Days on Market (Pending Sale) ...........................
61
38
55
42
-31.1%
Month’s Supply of Inventory ................................
6
4.1
5.2
5.6
-6.7%
Percent Under Contract ........................................
27.8%
21.6%
16.4%
25.0%
-10.0%
Average Median Price for Last 12 Months ........
$654,000
$711,167
$728,667
$706,848
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$789
Feb
$818,500
Mar Apr
median sales price
May
$483
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.6 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$818 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Culver City DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$310,000
$431,250
$367,500
$377,000
21.6%
Average Price per Square Foot ...........................
$273
$356
$410
$387
41.8%
Properties Sold .......................................................
11
22
12
8
-27.3%
Properties Pending Sale .......................................
8
14
12
12
50.0%
Properties For Sale ................................................
21
39
36
41
95.2%
Days on Market (Pending Sale) ...........................
95
21
30
19
-80.0%
Month’s Supply of Inventory ................................
1.9
1.8
3
5.1
168.5%
Percent Under Contract ........................................
38.1%
35.9%
33.3%
29.3%
-23.2%
Average Median Price for Last 12 Months ........
$292,000
$403,333
$415,333
$389,197
33.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$310
Feb
$377,000
Mar Apr
median sales price
May
$387
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
5.1 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$377 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
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Encino DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$294,000
$295,000
$266,000
$255,000
-13.3%
Average Price per Square Foot ...........................
$205
$264
$257
$243
18.5%
Properties Sold .......................................................
8
19
14
11
37.5%
Properties Pending Sale .......................................
19
13
9
16
-15.8%
Properties For Sale ................................................
12
23
32
37
208.3%
Days on Market (Pending Sale) ...........................
86
38
29
65
-24.4%
Month’s Supply of Inventory ................................
1.5
1.2
2.3
3.4
124.2%
Percent Under Contract ........................................
158.3%
56.5%
28.1%
43.2%
-72.7%
Average Median Price for Last 12 Months ........
$210,231
$291,500
$279,333
$277,538
32.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$294
Feb
$255,000
Mar Apr
median sales price
May
$243
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
3.4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$255 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Malibu DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$553,000
$582,500
$980,000
$499,000
-9.8%
Average Price per Square Foot ...........................
$596
$525
$558
$441
-26.0%
Properties Sold .......................................................
1
4
4
3
200.0%
Properties Pending Sale .......................................
5
3
2
1
-80.0%
Properties For Sale ................................................
33
20
26
20
-39.4%
Days on Market (Pending Sale) ...........................
100
100
78
72
-28.0%
Month’s Supply of Inventory ................................
33
5
6.5
6.7
-79.8%
Percent Under Contract ........................................
15.2%
15.0%
7.7%
5.0%
-67.0%
Average Median Price for Last 12 Months ........
$632,000
$770,000
$626,250
$690,091
9.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$553
Feb
$499,000
Mar Apr
median sales price
May
$441
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$499 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Marina Del Rey DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$543,650
$862,500
$770,000
$719,900
32.4%
Average Price per Square Foot ...........................
$376
$626
$570
$640
70.2%
Properties Sold .......................................................
20
29
22
17
-15.0%
Properties Pending Sale .......................................
27
24
28
18
-33.3%
Properties For Sale ................................................
115
140
168
128
11.3%
Days on Market (Pending Sale) ...........................
79
68
48
80
1.3%
Month’s Supply of Inventory ................................
5.8
4.8
7.6
7.5
30.9%
Percent Under Contract ........................................
23.5%
17.1%
16.7%
14.1%
-40.1%
Average Median Price for Last 12 Months ........
$582,000
$713,426
$692,467
$702,958
20.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$543
Feb
$719,900
Mar Apr
median sales price
May
$640
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.5 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$719 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Santa Monica DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$540,000
$830,000
$787,000
$775,000
43.5%
Average Price per Square Foot ...........................
$571
$629
$704
$811
42.0%
Properties Sold .......................................................
18
28
32
17
-5.6%
Properties Pending Sale .......................................
27
43
35
32
18.5%
Properties For Sale ................................................
99
107
119
106
7.1%
Days on Market (Pending Sale) ...........................
66
31
34
60
-9.1%
Month’s Supply of Inventory ................................
5.5
3.8
3.7
6.2
13.4%
Percent Under Contract ........................................
27.3%
40.2%
29.4%
30.2%
10.7%
Average Median Price for Last 12 Months ........
$714,000
$793,292
$757,583
$766,707
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$540
Feb
$775,000
Mar Apr
median sales price
May
$811
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
6.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$775 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Sherman Oaks DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$360,000
$368,000
$365,000
$450,000
25.0%
Average Price per Square Foot ...........................
$240
$285
$295
$304
26.7%
Properties Sold .......................................................
17
20
21
15
-11.8%
Properties Pending Sale .......................................
15
23
19
13
-13.3%
Properties For Sale ................................................
10
29
36
34
240.0%
Days on Market (Pending Sale) ...........................
51
34
53
50
-2.0%
Month’s Supply of Inventory ................................
0.6
1.4
1.7
2.3
285.3%
Percent Under Contract ........................................
150.0%
79.3%
52.8%
38.2%
-74.5%
Average Median Price for Last 12 Months ........
$294,385
$392,333
$408,000
$366,308
24.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$360
Feb
$450,000
Mar Apr
median sales price
May
$304
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
2.3 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Studio City DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$455,000
$510,000
$450,000
$525,000
15.4%
Average Price per Square Foot ...........................
$340
$342
$351
$397
16.8%
Properties Sold .......................................................
5
13
16
6
20.0%
Properties Pending Sale .......................................
7
11
10
11
57.1%
Properties For Sale ................................................
5
16
24
24
380.0%
Days on Market (Pending Sale) ...........................
51
41
50
54
5.9%
Month’s Supply of Inventory ................................
1
1.2
1.5
4
300.0%
Percent Under Contract ........................................
140.0%
68.8%
41.7%
45.8%
-67.3%
Average Median Price for Last 12 Months ........
$407,769
$456,167
$470,667
$456,692
12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$455
Feb
$525,000
Mar Apr
median sales price
May
$397
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$525 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Venice DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$1,175,000
$1,275,000
$1,062,500
$0
-100.0%
Average Price per Square Foot ...........................
$684
$788
$631
$0
-100.0%
Properties Sold .......................................................
1
6
4
0
-100.0%
Properties Pending Sale .......................................
3
3
7
5
66.7%
Properties For Sale ................................................
9
18
20
13
44.4%
Days on Market (Pending Sale) ...........................
22
106
44
95
331.8%
Month’s Supply of Inventory ................................
9
3
5
0
0%
Percent Under Contract ........................................
33.3%
16.7%
35.0%
38.5%
15.4%
Average Median Price for Last 12 Months ........
$930,000
$1,011,700
$1,042,000
$1,126,750
21.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$1.175
Feb
No sales
Mar Apr
median sales price
May
No sales
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
No sales MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West Hollywood DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$490,000
$505,000
$582,500
$630,000
28.6%
Average Price per Square Foot ...........................
$453
$506
$522
$559
23.4%
Properties Sold .......................................................
27
40
32
17
-37.0%
Properties Pending Sale .......................................
26
41
27
31
19.2%
Properties For Sale ................................................
100
141
138
122
22.0%
Days on Market (Pending Sale) ...........................
35
49
41
36
2.9%
Month’s Supply of Inventory ................................
3.7
3.5
4.3
7.2
93.8%
Percent Under Contract ........................................
26.0%
29.1%
19.6%
25.4%
-2.3%
Average Median Price for Last 12 Months ........
$438,000
$607,417
$681,333
$557,673
27.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$490
Feb
$630,000
Mar Apr
median sales price
May
$559
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
7.2 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
West LA DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$570,000
$704,500
$549,000
$570,000
0.0%
Average Price per Square Foot ...........................
$373
$447
$462
$416
11.5%
Properties Sold .......................................................
6
14
9
9
50.0%
Properties Pending Sale .......................................
7
19
13
13
85.7%
Properties For Sale ................................................
30
52
52
42
40.0%
Days on Market (Pending Sale) ...........................
48
39
52
48
0.0%
Month’s Supply of Inventory ................................
5
3.7
5.8
4.7
-6.7%
Percent Under Contract ........................................
23.3%
36.5%
25.0%
31.0%
32.7%
Average Median Price for Last 12 Months ........
$542,000
$656,708
$697,417
$647,442
19.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$570
Feb
$570,000
Mar Apr
median sales price
May
$416
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
4.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$570 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
Westwood - Century City DATA*
Jan 2013
6 month
3 month
Jan 2014
% change
Median Price ..........................................................
$712,500
$660,000
$952,500
$675,000
-5.3%
Average Price per Square Foot ...........................
$474
$574
$762
$530
11.8%
Properties Sold .......................................................
20
41
38
23
15.0%
Properties Pending Sale .......................................
42
60
44
52
23.8%
Properties For Sale ................................................
227
279
288
269
18.5%
Days on Market (Pending Sale) ...........................
82
42
67
56
-31.7%
Month’s Supply of Inventory ................................
11.4
6.8
7.6
11.7
3.0%
Percent Under Contract ........................................
18.5%
21.5%
15.3%
19.3%
4.5%
Average Median Price for Last 12 Months ........
$609,000
$735,422
$683,000
$698,960
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot Jan
$712
Feb
$675,000
Mar Apr
median sales price
May
$530
Jun Jul
AVERAgE PRICE PER SQ FT
Aug Sep Oct
11.7 MONTH’S SUPPLY OF INVENTORY
Nov Dec Jan
$675 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : January 2014
telesproperties.com
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January 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES Š2014 Teles Properties, Inc. Teles Properties is a registered trademark.