Hope Ranch DATA*
Jul 2013
6 month
3 month
Jul 2014
% change
Median Price ..........................................................
$1,630,500
$3,640,000
$3,250,000
$2,105,000
29.1%
Average Price per Square Foot ...........................
$781
$999
$590
$1,018
30.3%
Properties Sold .......................................................
4
2
3
4
0.0%
Properties Pending Sale .......................................
1
4
4
4
300.0%
Properties For Sale ................................................
27
33
37
35
29.6%
Days on Market (Pending Sale) ...........................
16
118
368
90
462.5%
Month’s Supply of Inventory ................................
6.8
16.5
12.3
8.7
29.6%
Percent Under Contract ........................................
3.7%
12.1%
10.8%
11.4%
208.6%
Average Median Price for Last 12 Months ........
$2,611,000
$3,199,708
$2,355,833
$2,956,442
13.2%
*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 JUL
$1.630
AUG
$2,105,000
SEP OCT
MEDIAN SALES PRICE
NOV
$1,018
DEC JAN
AVERAGE PRICE PER SQ FT
FEB MAR APR
8.7 MONTH’S SUPPLY OF INVENTORY
MAY JUN JUL
$2.105 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 : July 2014
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