Issuu on Google+

micro market report luxury real estate market research March 2015 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES


Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.

Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850

r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610


Reading the Report

“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.

The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.

The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.

The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.


MEDIAN PRICE:

DAYS OF MARKET (PENDING SALE):

A value that separates the upper half

The number of days that properties

of prices from the lower half of prices.

currently in escrow were on the market.

It can be interpreted like an average, however the extreme prices (high and

MONTH’S SUPPLY OF INVENTORY:

low) don’t hold undue influence.

The number of months it would take to sell all the properties listed for sale at

AVERAGE PRICE PER SQUARE FOOT:

the current pace of sales and if no new

The price of each property divided by

listings entered the market.

their respective square footage then averaged across all properties sold in

PERCENT UNDER CONTRACT:

the area for a given time period.

The ratio of properties for sale to properties pending sale.

PROPERTIES SOLD:

The number of property transactions

AVERAGE MEDIAN PRICE FOR LAST 12:

that closed and transferred ownership.

The Average Median Price for the Last 12 Months is sales data from 12 months

PROPERTIES PENDING SALE:

The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:

The number of properties on the market and seeking buyers.

ending in the identified month.


Los Angeles County

Los Angeles County Macro

Mid Los Angeles

Palos Verdes Estates

North Hollywood

Bel Air - Holmby Hills

Mid Wilshire

Rancho Palos Verdes

Shadow Hills

Beverly Center - Miracle Mile

Pacific Palisades

Redondo Beach - North

Sherman Oaks

Beverly Hills

Palms - Mar Vista

Redondo Beach - South

Studio City

Beverly Hills P.O.

Playa del Rey

Rolling Hills

Sun Valley

Beverlywood

Playa Vista

Rolling Hills Estates

Sunland - Tujunga

Brentwood

Santa Monica

San Pedro

Tarzana

Cheviot Hills - Rancho Park

Sunset Strip - Hollywood Hills West

Torrance - County Strip

Toluca Lake

Culver City

Venice

Torrance - North

Valley Village

Hancock Park - Wilshire

West Hollywood

Torrance - Southeast

Woodland Hills

Hollywood

West Los Angeles

Torrance - South

San Gabriel Valley Macro

Hollywood Hills East

Westchester

Torrance - West

Altadena

Laurel Canyon

Westwood - Century City

San Fernando Macro

Arcadia

Los Feliz

South Bay Macro

Burbank

Duarte

Malibu

El Segundo

Encino

Eagle Rock

Malibu Beach

Hermosa Beach

Glendale

La Canada Flintridge

Marina del Rey

Manhattan Beach

La Crescenta

Monrovia

Micro Market Report : March 2015

telesproperties.com


County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850

Pasadena San Gabriel San Marino Sierra Madre South Pasadena

Micro Market Report : March 2015

telesproperties.com


Los Angeles County DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$500,000

$530,000

$500,000

$516,000

3.2%

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

$404

$425

$404

$411

1.7%

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

3478

3814

4029

4033

16.0%

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

4123

3786

3393

5507

33.6%

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

18,559

20,851

16,011

18,001

-3.0%

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

58

60

60

47

-19.0%

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

5.3

5.5

4

4.5

-16.4%

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

22.2%

18.2%

21.2%

30.6%

37.7%

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

$614,000

$512,128

$506,589

$520,444

-18.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$500

APR

$516,000

MAY JUN

MEDIAN SALES PRICE

JUL

$411

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$516 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 : March 2015

telesproperties.com


Bel-Air Holmby Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,990,000

$3,105,000

$1,622,500

$2,712,500

36.3%

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

$957

$829

$981

$1,092

14.1%

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

17

9

14

18

5.9%

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

11

7

9

16

45.5%

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

116

129

110

117

0.9%

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

78

60

94

55

-29.5%

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

6.8

14.3

7.9

6.5

-4.7%

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

9.5%

5.4%

8.2%

13.7%

44.2%

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

$1,872,000

$2,098,933

$2,503,333

$2,676,992

30.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.990

APR

$2,712,500

MAY JUN

MEDIAN SALES PRICE

JUL

$1,092

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.712 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 : March 2015

telesproperties.com


Beverly Center - Miracle Mile DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,150,000

$1,580,250

$1,330,000

$1,406,000

22.3%

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

$591

$740

$629

$672

13.7%

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

18

16

10

19

5.6%

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

16

20

6

26

62.5%

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

69

70

52

62

-10.1%

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

54

41

59

49

-9.3%

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

3.8

4.4

5.2

3.3

-14.9%

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

23.2%

28.6%

11.5%

41.9%

80.8%

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

$1,218,000

$1,350,842

$1,341,833

$1,334,523

8.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.150

APR

$1,406,000

MAY JUN

MEDIAN SALES PRICE

JUL

$672

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.406 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 : March 2015

telesproperties.com


Beverly Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$4,650,000

$4,300,000

$4,395,000

$4,700,000

1.1%

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

$1,041

$1,075

$2,031

$1,414

35.8%

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

11

11

11

14

27.3%

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

18

14

8

24

33.3%

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

109

100

84

101

-7.3%

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

101

51

110

84

-16.8%

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

9.9

9.1

7.6

7.2

-27.2%

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

16.5%

14.0%

9.5%

23.8%

43.9%

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

$4,752,000

$4,691,250

$4,851,667

$4,348,615

-9.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$4.650

APR

$4,700,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,414

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

7.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$4.700 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 : March 2015

telesproperties.com


Beverly Hills- Post Office DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,624,000

$4,090,000

$3,225,000

$1,400,000

-46.6%

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

$938

$1,096

$761

$761

-18.9%

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

12

6

14

14

16.7%

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

18

11

11

17

-5.6%

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

141

127

123

143

1.4%

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

114

80

142

80

-29.8%

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

11.8

21.2

8.8

10.2

-13.1%

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

12.8%

8.7%

8.9%

11.9%

-6.9%

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

$2,175,000

$2,411,083

$2,116,667

$2,530,423

14.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $2.624

MAR APR

$1,400,000

MAY JUN

MEDIAN SALES PRICE

JUL

$761

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

10.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.400 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 : March 2015

telesproperties.com


Beverlywood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$872,500

$1,015,000

$837,625

$910,000

4.3%

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

$527

$618

$558

$571

8.3%

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

19

12

14

19

0.0%

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

10

19

13

18

80.0%

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

73

58

44

49

-32.9%

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

52

46

35

34

-34.6%

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

3.8

4.8

3.1

2.6

-32.9%

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

13.7%

32.8%

29.5%

36.7%

168.2%

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

$875,000

$867,354

$878,333

$940,279

6.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$872

APR

$910,000

MAY JUN

MEDIAN SALES PRICE

JUL

$571

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Brentwood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,740,000

$3,151,500

$2,099,855

$3,433,391

25.3%

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

$1,033

$979

$876

$743

-28.1%

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

7

18

28

11

57.1%

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

25

20

15

24

-4.0%

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

132

112

84

124

-6.1%

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

76

58

68

51

-32.9%

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

18.9

6.2

3

11.3

-40.2%

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

18.9%

17.9%

17.9%

19.4%

2.2%

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

$2,437,000

$2,714,290

$2,990,464

$2,751,249

11.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.740

APR

$3,433,391

MAY JUN

MEDIAN SALES PRICE

JUL

$743

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

11.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.433 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 : March 2015

telesproperties.com


Cheviot Hills - Rancho Park DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,525,900

$2,022,500

$1,675,000

$1,165,000

-23.7%

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

$706

$739

$672

$706

0.0%

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

2

2

9

3

50.0%

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

10

7

8

10

0.0%

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

23

24

20

21

-8.7%

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

26

26

42

47

80.8%

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

11.5

12

2.2

7

-39.1%

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

43.5%

29.2%

40.0%

47.6%

9.5%

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

$1,510,000

$1,544,667

$1,432,667

$1,546,300

2.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.525

APR

$1,165,000

MAY JUN

MEDIAN SALES PRICE

JUL

$706

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.165 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 : March 2015

telesproperties.com


Culver City DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$742,500

$813,000

$877,000

$991,000

33.5%

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

$502

$583

$577

$630

25.5%

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

8

20

18

17

112.5%

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

26

17

12

21

-19.2%

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

53

44

43

56

5.7%

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

46

41

24

23

-50.0%

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

6.6

2.2

2.4

3.3

-50.3%

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

49.1%

38.6%

27.9%

37.5%

-23.6%

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

$787,000

$892,500

$948,333

$863,331

8.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$742

APR

$991,000

MAY JUN

MEDIAN SALES PRICE

JUL

$630

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$991 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 : March 2015

telesproperties.com


Hancock Park - Wilshire DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,163,000

$1,330,000

$1,317,500

$1,087,500

-6.5%

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

$562

$562

$667

$580

3.2%

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

24

13

24

16

-33.3%

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

21

19

20

32

52.4%

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

128

106

92

109

-14.8%

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

57

59

60

40

-29.8%

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

5.3

8.2

3.8

6.8

27.7%

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

16.4%

17.9%

21.7%

29.4%

78.9%

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

$1,210,000

$1,287,917

$1,273,333

$1,294,827

6.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.163

APR

$1,087,500

MAY JUN

MEDIAN SALES PRICE

JUL

$580

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.087 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 : March 2015

telesproperties.com


Hollywood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$987,500

$662,500

$700,000

$855,000

-13.4%

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

$598

$542

$464

$876

46.5%

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

6

4

9

9

50.0%

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

4

8

8

7

75.0%

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

45

27

40

40

-11.1%

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

49

23

60

17

-65.3%

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

7.5

6.8

4.4

4.4

-40.7%

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

8.9%

29.6%

20.0%

17.5%

96.9%

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

$655,000

$849,917

$895,833

$869,855

24.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$987

APR

$855,000

MAY JUN

MEDIAN SALES PRICE

JUL

$876

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$855 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 : March 2015

telesproperties.com


Hollywood Hills East DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,010,000

$1,166,000

$1,437,500

$1,170,660

15.9%

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

$544

$496

$689

$554

1.8%

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

9

11

10

11

22.2%

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

15

13

7

14

-6.7%

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

74

67

61

52

-29.7%

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

80

68

64

116

45.0%

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

4.9

5.2

8.7

4.7

-4.2%

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

20.3%

19.4%

11.5%

26.9%

32.8%

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

$1,122,000

$1,149,326

$1,090,403

$1,124,312

0.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.010

APR

$1,170,660

MAY JUN

MEDIAN SALES PRICE

JUL

$554

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.170 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 : March 2015

telesproperties.com


Laurel Canyon DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,582,500

$1,400,000

$1,205,000

$1,800,000

13.7%

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

$709

$727

$808

$749

5.6%

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

30

23

23

19

-36.7%

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

34

21

27

32

-5.9%

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

173

135

127

138

-20.2%

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

63

79

60

51

-19.0%

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

5.1

6.4

4.7

7.3

42.7%

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

19.7%

15.6%

21.3%

23.2%

18.0%

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

$1,263,000

$1,495,000

$1,581,667

$1,435,423

12.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.582

APR

$1,800,000

MAY JUN

MEDIAN SALES PRICE

JUL

$749

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

7.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Los Feliz DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,020,000

$1,063,500

$1,417,900

$1,087,500

6.6%

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

$589

$626

$724

$584

-0.8%

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

23

19

22

16

-30.4%

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

21

16

15

22

4.8%

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

112

72

69

76

-32.1%

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

36

54

59

33

-8.3%

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

5.3

4.5

4.6

4.8

-10.9%

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

18.8%

22.2%

21.7%

28.9%

54.4%

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

$1,158,000

$1,364,533

$1,318,333

$1,311,285

11.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.020

APR

$1,087,500

MAY JUN

MEDIAN SALES PRICE

JUL

$584

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.087 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 : March 2015

telesproperties.com


Malibu DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,870,000

$3,250,000

$2,520,000

$2,125,000

13.6%

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

$727

$1,317

$800

$726

-0.1%

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

9

15

17

15

66.7%

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

17

16

18

16

-5.9%

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

216

211

188

195

-9.7%

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

97

127

145

108

11.3%

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

24

14.1

11.1

13

-45.8%

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

7.9%

7.6%

9.6%

8.2%

4.3%

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

$1,989,000

$2,214,635

$1,930,104

$2,317,139

14.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.870

APR

$2,125,000

MAY JUN

MEDIAN SALES PRICE

JUL

$726

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

13 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.125 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Malibu Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$6,332,500

$7,950,000

$4,700,000

$3,750,000

-40.8%

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

$2,099

$2,488

$2,000

$1,764

-16.0%

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

5

3

3

3

-40.0%

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

2

4

4

5

150.0%

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

84

72

67

75

-10.7%

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

134

192

204

193

44.0%

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

16.8

24

22.3

25

48.8%

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

2.4%

5.6%

6.0%

6.7%

180.0%

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

$6,151,000

$6,596,250

$4,450,833

$6,441,740

4.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $6.332

MAR APR

$3,750,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,764

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

25 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.750 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Marina Del Rey DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,150,000

$1,557,500

$1,602,500

$1,200,000

4.3%

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

$529

$602

$663

$616

16.4%

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

3

6

2

7

133.3%

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

9

4

4

4

-55.6%

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

29

24

24

13

-55.2%

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

48

45

65

48

0.0%

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

9.7

4

12

1.9

-80.8%

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

31.0%

16.7%

16.7%

30.8%

-0.9%

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

$1,594,000

$1,575,138

$1,956,109

$1,652,027

3.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.150

APR

$1,200,000

MAY JUN

MEDIAN SALES PRICE

JUL

$616

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.200 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 : March 2015

telesproperties.com


Mid Los Angeles DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$413,500

$580,000

$450,000

$450,000

8.8%

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

$285

$387

$311

$298

4.6%

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

38

12

37

32

-15.8%

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

30

20

30

33

10.0%

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

161

84

135

135

-16.1%

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

55

32

75

43

-21.8%

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

4.2

7

3.6

4.2

-0.4%

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

18.6%

23.8%

22.2%

24.4%

31.2%

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

$458,000

$463,183

$455,167

$509,815

10.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$413

APR

$450,000

MAY JUN

MEDIAN SALES PRICE

JUL

$298

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Mid Wilshire DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$850,000

$739,500

$572,500

$522,500

-38.5%

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

$394

$343

$322

$456

15.7%

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

1

4

7

2

100.0%

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

4

3

6

10

150.0%

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

35

11

30

34

-2.9%

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

120

84

40

58

-51.7%

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

35

2.8

4.3

17

-51.4%

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

11.4%

27.3%

20.0%

29.4%

157.4%

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

$540,000

$523,417

$519,333

$618,385

12.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $850

MAR APR

$522,500

MAY JUN

MEDIAN SALES PRICE

JUL

$456

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

17 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$522 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 : March 2015

telesproperties.com


Pacific Palisades DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,850,000

$2,410,000

$1,990,000

$3,475,000

21.9%

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

$899

$1,025

$870

$924

2.8%

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

29

24

15

25

-13.8%

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

34

28

11

37

8.8%

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

134

120

96

125

-6.7%

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

47

68

86

61

29.8%

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

4.6

5

6.4

5

8.2%

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

25.4%

23.3%

11.5%

29.6%

16.7%

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

$2,392,000

$2,541,900

$2,840,667

$2,587,028

7.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.850

APR

$3,475,000

MAY JUN

MEDIAN SALES PRICE

JUL

$924

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Palms - Mar Vista DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,312,500

$945,000

$1,175,000

$1,195,000

-9.0%

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

$651

$621

$629

$712

9.4%

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

22

17

31

25

13.6%

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

33

28

29

38

15.2%

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

90

85

67

90

0.0%

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

38

42

42

46

21.1%

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

4.1

5

2.2

3.6

-12.0%

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

36.7%

32.9%

43.3%

42.2%

15.2%

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

$961,000

$1,117,191

$1,066,000

$1,084,203

11.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.312

APR

$1,195,000

MAY JUN

MEDIAN SALES PRICE

JUL

$712

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.195 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 : March 2015

telesproperties.com


Playa Del Rey DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,250,000

$1,299,000

$1,108,000

$2,295,000

83.6%

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

$498

$583

$540

$527

5.8%

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

5

5

4

7

40.0%

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

6

3

5

6

0.0%

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

24

17

22

14

-41.7%

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

56

50

59

108

92.9%

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

4.8

3.4

5.5

2

-58.3%

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

25.0%

17.6%

22.7%

42.9%

71.4%

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

$1,157,000

$1,486,667

$1,868,333

$1,383,423

16.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.250

APR

$2,295,000

MAY JUN

MEDIAN SALES PRICE

JUL

$527

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.295 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 : March 2015

telesproperties.com


Playa Vista DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$0

$1,555,000

$2,128,050

$1,835,000

0%

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

$0

$450

$544

$480

0%

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

0

1

2

2

0%

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

1

5

0

4

300.0%

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

5

8

4

7

40.0%

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

110

63

0

56

-49.1%

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

0

8

2

3.5

0%

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

20.0%

62.5%

0.0%

57.1%

185.7%

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

$1,318,000

$1,640,625

$1,770,817

$1,423,386

7.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR APR

$1,835,000

MAY JUN

MEDIAN SALES PRICE

JUL

$480

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.835 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Santa Monica DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,312,500

$1,929,500

$2,510,000

$2,165,000

-6.4%

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

$972

$1,013

$1,119

$1,336

37.4%

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

14

24

22

18

28.6%

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

15

24

16

26

73.3%

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

85

82

66

88

3.5%

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

55

45

41

29

-47.3%

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

6.1

3.4

3

4.9

-19.5%

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

17.6%

29.3%

24.2%

29.5%

67.4%

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

$1,981,000

$2,375,375

$2,444,383

$2,167,692

8.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.312

APR

$2,165,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,336

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Sunset Strip - Hollywood Hills West DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,688,000

$1,930,000

$1,600,000

$1,888,700

11.9%

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

$782

$963

$1,014

$818

4.6%

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

32

29

37

28

-12.5%

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

41

29

37

45

9.8%

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

239

266

251

289

20.9%

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

82

69

76

53

-35.4%

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

7.5

9.2

6.8

10.3

38.2%

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

17.2%

10.9%

14.7%

15.6%

-9.2%

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

$1,462,000

$1,745,871

$1,658,233

$1,770,268

17.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.688

APR

$1,888,700

MAY JUN

MEDIAN SALES PRICE

JUL

$818

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

10.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.888 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 : March 2015

telesproperties.com


Venice DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,683,300

$1,400,000

$1,653,500

$1,695,000

0.7%

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

$902

$887

$901

$1,025

13.6%

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

19

7

20

19

0.0%

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

22

16

8

14

-36.4%

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

60

59

54

72

20.0%

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

65

89

50

65

0.0%

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

3.2

8.4

2.7

3.8

20.0%

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

36.7%

27.1%

14.8%

19.4%

-47.0%

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

$1,409,000

$1,593,313

$1,571,667

$1,620,590

15.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.683

APR

$1,695,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,025

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.695 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


West Hollywood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,087,500

$1,280,000

$949,000

$1,477,500

35.9%

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

$748

$799

$795

$770

2.9%

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

6

10

11

14

133.3%

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

14

7

10

20

42.9%

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

47

46

50

53

12.8%

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

94

94

54

42

-55.3%

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

7.8

4.6

4.5

3.8

-51.7%

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

29.8%

15.2%

20.0%

37.7%

26.7%

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

$1,106,000

$1,396,083

$1,700,833

$1,309,784

15.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.087

APR

$1,477,500

MAY JUN

MEDIAN SALES PRICE

JUL

$770

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.477 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 : March 2015

telesproperties.com


West Los Angeles DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$877,500

$890,000

$845,000

$944,000

7.6%

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

$580

$627

$650

$710

22.4%

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

7

11

9

6

-14.3%

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

9

11

9

11

22.2%

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

37

40

39

37

0.0%

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

39

27

53

53

35.9%

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

5.3

3.6

4.3

6.2

16.7%

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

24.3%

27.5%

23.1%

29.7%

22.2%

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

$807,000

$909,600

$919,500

$890,188

10.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$877

APR

$944,000

MAY JUN

MEDIAN SALES PRICE

JUL

$710

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$944 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 : March 2015

telesproperties.com


Westchester DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$782,500

$897,500

$827,000

$855,000

9.3%

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

$497

$530

$524

$544

9.5%

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

26

24

27

23

-11.5%

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

27

16

13

27

0.0%

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

81

59

53

58

-28.4%

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

37

38

47

29

-21.6%

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

3.1

2.5

2

2.5

-19.1%

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

33.3%

27.1%

24.5%

46.6%

39.7%

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

$781,000

$867,393

$879,195

$837,412

7.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$782

APR

$855,000

MAY JUN

MEDIAN SALES PRICE

JUL

$544

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$855 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 : March 2015

telesproperties.com


Westwood - Century City DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,950,000

$1,905,000

$1,530,000

$1,997,500

2.4%

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

$777

$752

$741

$827

6.4%

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

11

18

11

8

-27.3%

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

14

16

5

15

7.1%

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

51

65

47

46

-9.8%

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

29

42

96

32

10.3%

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

4.6

3.6

4.3

5.8

24.0%

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

27.5%

24.6%

10.6%

32.6%

18.8%

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

$1,547,000

$1,704,208

$1,829,417

$1,780,981

15.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.950

APR

$1,997,500

MAY JUN

MEDIAN SALES PRICE

JUL

$827

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.997 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 : March 2015

telesproperties.com


South Bay Macro Market DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$934,564

$1,195,250

$1,144,270

$1,235,517

32.2%

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

$532

$561

$545

$608

14.4%

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

197

213

202

211

7.1%

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

245

229

151

281

14.7%

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

783

903

660

793

1.3%

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

54

61

65

40

-25.3%

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

4

4.2

3.3

3.8

-5.4%

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

31.3%

25.4%

22.9%

35.4%

13.2%

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

$1,062,733

$1,154,654

$1,209,749

$1,170,063

10.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$934

APR

$1,235,517

MAY JUN

MEDIAN SALES PRICE

JUL

$608

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.235 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 : March 2015

telesproperties.com


El Segundo DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$730,000

$777,500

$949,000

$909,250

24.6%

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

$604

$800

$502

$542

-10.3%

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

5

2

7

6

20.0%

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

7

1

4

5

-28.6%

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

19

9

8

14

-26.3%

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

34

127

32

17

-50.0%

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

3.8

4.5

1.1

2.3

-38.6%

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

36.8%

11.1%

50.0%

35.7%

-3.1%

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

$849,000

$1,042,625

$908,917

$949,135

11.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$730

APR

$909,250

MAY JUN

MEDIAN SALES PRICE

JUL

$542

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$909 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 : March 2015

telesproperties.com


Hermosa Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,234,000

$1,029,000

$1,599,999

$1,972,500

59.8%

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

$956

$808

$857

$1,310

37.0%

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

3

10

7

12

300.0%

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

7

9

7

11

57.1%

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

35

38

28

28

-20.0%

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

69

30

41

37

-46.4%

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

11.7

3.8

4

2.3

-80.0%

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

20.0%

23.7%

25.0%

39.3%

96.4%

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

$1,203,000

$1,559,575

$1,715,833

$1,561,035

29.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.234

APR

$1,972,500

MAY JUN

MEDIAN SALES PRICE

JUL

$1,310

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.972 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 : March 2015

telesproperties.com


Manhattan Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,717,000

$1,780,000

$1,825,000

$2,205,000

28.4%

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

$788

$928

$884

$994

26.1%

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

25

22

26

24

-4.0%

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

43

30

11

28

-34.9%

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

95

85

41

87

-8.4%

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

41

56

79

23

-43.9%

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

3.8

3.9

1.6

3.6

-4.6%

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

45.3%

35.3%

26.8%

32.2%

-28.9%

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

$1,823,000

$2,007,083

$2,017,500

$1,942,865

6.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.717

APR

$2,205,000

MAY JUN

MEDIAN SALES PRICE

JUL

$994

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.205 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 : March 2015

telesproperties.com


Palos Verdes Estates DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,737,500

$3,000,000

$1,349,500

$1,797,500

3.5%

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

$693

$827

$597

$627

-9.5%

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

14

13

8

14

0.0%

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

18

17

9

18

0.0%

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

61

86

68

65

6.6%

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

37

61

91

45

21.6%

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

4.4

6.6

8.5

4.6

6.6%

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

29.5%

19.8%

13.2%

27.7%

-6.2%

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

$1,619,000

$1,570,063

$1,683,333

$1,692,529

4.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.737

APR

$1,797,500

MAY JUN

MEDIAN SALES PRICE

JUL

$627

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.797 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 : March 2015

telesproperties.com


Rancho Palos Verdes DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,145,000

$1,195,999

$1,235,000

$1,085,000

-5.2%

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

$527

$533

$517

$512

-2.8%

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

25

35

25

33

32.0%

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

33

41

22

46

39.4%

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

113

156

108

140

23.9%

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

93

55

55

48

-48.4%

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

4.5

4.5

4.3

4.2

-6.1%

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

29.2%

26.3%

20.4%

32.9%

12.5%

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

$1,137,000

$1,148,333

$1,165,833

$1,158,146

1.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.145

APR

$1,085,000

MAY JUN

MEDIAN SALES PRICE

JUL

$512

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.085 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 : March 2015

telesproperties.com


Redondo Beach- North DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$790,000

$869,500

$772,500

$925,000

17.1%

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

$434

$445

$506

$505

16.4%

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

21

18

14

14

-33.3%

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

13

12

11

18

38.5%

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

33

39

41

36

9.1%

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

45

32

28

40

-11.1%

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

1.6

2.2

2.9

2.6

63.6%

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

39.4%

30.8%

26.8%

50.0%

26.9%

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

$734,000

$830,917

$882,000

$826,262

12.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$790

APR

$925,000

MAY JUN

MEDIAN SALES PRICE

JUL

$505

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$925 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 : March 2015

telesproperties.com


Redondo Beach- South DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$867,500

$1,120,500

$1,288,000

$1,075,000

23.9%

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

$603

$562

$570

$652

8.1%

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

13

14

17

16

23.1%

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

17

17

11

14

-17.6%

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

43

59

37

42

-2.3%

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

54

35

60

23

-57.4%

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

3.3

4.2

2.2

2.6

-20.6%

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

39.5%

28.8%

29.7%

33.3%

-15.7%

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

$962,000

$1,137,500

$1,145,667

$1,087,269

13.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$867

APR

$1,075,000

MAY JUN

MEDIAN SALES PRICE

JUL

$652

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.075 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 : March 2015

telesproperties.com


Rolling Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$0

$3,300,000

$2,844,575

$3,400,000

0%

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

$0

$649

$843

$945

0%

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

0

1

2

3

0%

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

3

3

1

3

0.0%

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

20

24

14

20

0.0%

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

159

118

174

119

-25.2%

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

0

24

7

6.7

0%

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

15.0%

12.5%

7.1%

15.0%

0.0%

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

$2,908,000

$3,232,515

$3,390,167

$3,274,270

12.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR APR

$3,400,000

MAY JUN

MEDIAN SALES PRICE

JUL

$945

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.400 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 : March 2015

telesproperties.com


Rolling Hills Estates DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,280,000

$1,221,250

$1,619,282

$1,350,000

5.5%

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

$569

$628

$548

$548

-3.7%

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

3

6

10

3

0.0%

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

7

5

3

6

-14.3%

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

26

29

19

18

-30.8%

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

26

50

61

31

19.2%

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

8.7

4.8

1.9

6

-30.8%

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

26.9%

17.2%

15.8%

33.3%

23.8%

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

$1,296,000

$1,474,547

$1,463,500

$1,399,656

8.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.280

APR

$1,350,000

MAY JUN

MEDIAN SALES PRICE

JUL

$548

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.350 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 : March 2015

telesproperties.com


San Pedro DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$535,000

$520,000

$548,750

$533,500

-0.3%

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

$314

$341

$337

$389

23.9%

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

28

31

28

28

0.0%

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

28

28

27

39

39.3%

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

131

130

123

137

4.6%

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

76

44

81

47

-38.2%

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

4.7

4.2

4.4

4.9

4.6%

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

21.4%

21.5%

22.0%

28.5%

33.2%

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

$496,000

$525,458

$522,833

$535,327

7.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$535

APR

$533,500

MAY JUN

MEDIAN SALES PRICE

JUL

$389

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$533 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 : March 2015

telesproperties.com


Torrance- County Strip DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$460,000

$418,500

$442,500

$475,500

3.4%

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

$267

$298

$374

$364

36.3%

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

3

8

2

2

-33.3%

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

8

7

3

8

0.0%

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

31

30

25

23

-25.8%

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

29

43

38

38

31.0%

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

10.3

3.8

12.5

11.5

11.3%

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

25.8%

23.3%

12.0%

34.8%

34.8%

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

$396,000

$433,292

$464,750

$438,404

10.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$460

APR

$475,500

MAY JUN

MEDIAN SALES PRICE

JUL

$364

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

11.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$475 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Torrance- North DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$541,900

$550,000

$567,500

$590,000

8.9%

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

$395

$377

$386

$422

6.8%

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

18

9

18

18

0.0%

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

20

14

11

18

-10.0%

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

47

48

31

40

-14.9%

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

36

62

50

27

-25.0%

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

2.6

5.3

1.7

2.2

-14.9%

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

42.6%

29.2%

35.5%

45.0%

5.8%

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

$521,000

$577,992

$581,817

$557,908

7.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$541

APR

$590,000

MAY JUN

MEDIAN SALES PRICE

JUL

$422

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Torrance- South DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$775,000

$787,500

$850,000

$777,500

0.3%

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

$449

$455

$459

$530

18.0%

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

12

14

18

12

0.0%

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

8

17

16

21

162.5%

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

41

61

43

45

9.8%

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

50

58

78

31

-38.0%

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

3.4

4.4

2.4

3.8

9.8%

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

19.5%

27.9%

37.2%

46.7%

139.2%

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

$764,000

$803,583

$795,083

$797,615

4.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$775

APR

$777,500

MAY JUN

MEDIAN SALES PRICE

JUL

$530

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$777 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 : March 2015

telesproperties.com


Torrance- Southeast DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$575,000

$569,000

$549,950

$610,000

6.1%

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

$378

$378

$363

$417

10.3%

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

18

15

10

15

-16.7%

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

18

15

5

22

22.2%

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

52

70

48

54

3.8%

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

41

88

54

58

41.5%

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

2.9

4.7

4.8

3.6

24.6%

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

34.6%

21.4%

10.4%

40.7%

17.7%

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

$528,000

$598,971

$635,000

$591,256

12.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$575

APR

$610,000

MAY JUN

MEDIAN SALES PRICE

JUL

$417

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Torrance- West DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$696,000

$790,000

$722,500

$827,000

18.8%

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

$466

$390

$429

$368

-21.0%

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

9

15

10

11

22.2%

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

15

13

10

24

60.0%

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

36

39

26

44

22.2%

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

19

61

60

20

5.3%

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

4

2.6

2.6

4

0.0%

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

41.7%

33.3%

38.5%

54.5%

30.9%

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

$705,000

$755,750

$774,000

$739,269

4.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$696

APR

$827,000

MAY JUN

MEDIAN SALES PRICE

JUL

$368

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$827 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 : March 2015

telesproperties.com


San Fernando Valley Macro Market DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$727,643

$731,429

$780,429

$770,000

5.8%

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

$376

$403

$388

$414

10.2%

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

368

420

491

446

21.2%

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

471

465

456

589

25.1%

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

899

1,167

1,004

899

0.0%

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

58

62

64

70

19.9%

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

2.4

2.8

2

2

-17.5%

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

52.4%

39.8%

45.4%

65.5%

25.1%

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

$703,857

$764,500

$773,714

$769,585

9.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$727

APR

$770,000

MAY JUN

MEDIAN SALES PRICE

JUL

$414

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$770 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 : March 2015

telesproperties.com


Burbank DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$635,000

$669,000

$640,000

$650,000

2.4%

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

$418

$408

$424

$431

3.1%

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

51

49

56

51

0.0%

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

49

41

47

73

49.0%

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

59

84

75

78

32.2%

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

59

49

44

47

-20.3%

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

1.2

1.7

1.3

1.5

32.2%

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

83.1%

48.8%

62.7%

93.6%

12.7%

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

$609,769

$650,333

$652,333

$649,077

6.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$635

APR

$650,000

MAY JUN

MEDIAN SALES PRICE

JUL

$431

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Encino DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$928,000

$1,083,000

$1,200,000

$1,058,000

14.0%

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

$384

$420

$423

$434

13.0%

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

31

29

53

34

9.7%

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

39

47

40

62

59.0%

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

96

120

110

118

22.9%

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

57

71

64

60

5.3%

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

3.1

4.1

2.1

3.5

12.1%

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

40.6%

39.2%

36.4%

52.5%

29.3%

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

$955,769

$1,053,833

$1,019,667

$1,043,538

9.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$928

APR

$1,058,000

MAY JUN

MEDIAN SALES PRICE

JUL

$434

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.058 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Glendale DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$664,000

$715,000

$715,000

$785,000

18.2%

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

$404

$417

$392

$426

5.4%

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

42

49

69

53

26.2%

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

53

50

71

74

39.6%

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

119

121

98

99

-16.8%

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

55

60

46

56

1.8%

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

2.8

2.5

1.4

1.9

-34.1%

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

44.5%

41.3%

72.4%

74.7%

67.8%

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

$685,846

$741,333

$743,667

$736,692

7.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$664

APR

$785,000

MAY JUN

MEDIAN SALES PRICE

JUL

$426

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$785 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 : March 2015

telesproperties.com


La Crescenta DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$765,000

$760,000

$721,000

$660,000

-13.7%

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

$413

$410

$410

$498

20.6%

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

14

26

19

13

-7.1%

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

19

20

15

13

-31.6%

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

31

29

20

27

-12.9%

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

53

45

80

48

-9.4%

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

2.2

1.1

1.1

2.1

-6.2%

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

61.3%

69.0%

75.0%

48.1%

-21.4%

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

$658,462

$697,833

$682,000

$719,615

9.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $765

MAR APR

$660,000

MAY JUN

MEDIAN SALES PRICE

JUL

$498

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


North Hollywood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$455,000

$485,000

$486,000

$441,000

-3.1%

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

$319

$350

$347

$316

-0.9%

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

36

45

52

24

-33.3%

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

40

45

45

48

20.0%

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

70

84

90

73

4.3%

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

55

46

62

58

5.5%

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

1.9

1.9

1.7

3

56.4%

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

57.1%

53.6%

50.0%

65.8%

15.1%

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

$402,385

$447,667

$443,667

$448,154

11.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$455

APR

$441,000

MAY JUN

MEDIAN SALES PRICE

JUL

$316

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$441 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 : March 2015

telesproperties.com


Shadow Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$690,000

$755,000

$1,219,000

$860,000

24.6%

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

$243

$256

$295

$222

-8.6%

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

3

2

1

1

-66.7%

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

4

1

1

6

50.0%

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

8

18

15

9

12.5%

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

116

114

82

163

40.5%

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

2.7

9

15

9

237.5%

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

50.0%

5.6%

6.7%

66.7%

33.3%

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

$712,769

$829,400

$766,500

$766,500

7.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$690

APR

$860,000

MAY JUN

MEDIAN SALES PRICE

JUL

$222

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$860 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 : March 2015

telesproperties.com


Sherman Oaks DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$805,000

$860,000

$925,000

$924,000

14.8%

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

$442

$482

$460

$527

19.2%

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

45

63

77

46

2.2%

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

59

62

46

66

11.9%

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

111

168

119

112

0.9%

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

47

64

58

55

17.0%

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

2.5

2.7

1.5

2.4

-1.3%

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

53.2%

36.9%

38.7%

58.9%

10.9%

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

$828,769

$894,833

$928,667

$900,692

8.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$805

APR

$924,000

MAY JUN

MEDIAN SALES PRICE

JUL

$527

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$924 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 : March 2015

telesproperties.com


Studio City DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,140,000

$960,000

$975,000

$1,043,000

-8.5%

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

$478

$610

$477

$532

11.3%

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

30

25

25

28

-6.7%

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

30

29

19

36

20.0%

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

66

80

80

56

-15.2%

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

72

69

63

70

-2.8%

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

2.2

3.2

3.2

2

-9.1%

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

45.5%

36.2%

23.8%

64.3%

41.4%

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

$1,021,308

$1,151,833

$1,217,667

$1,168,154

14.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.140

APR

$1,043,000

MAY JUN

MEDIAN SALES PRICE

JUL

$532

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.043 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 : March 2015

telesproperties.com


Sun Valley DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$433,000

$395,000

$403,000

$375,000

-13.4%

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

$265

$309

$302

$305

15.1%

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

12

13

14

23

91.7%

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

17

28

27

26

52.9%

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

34

41

42

22

-35.3%

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

58

56

66

48

-17.2%

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

2.8

3.2

3

1

-66.2%

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

50.0%

68.3%

64.3%

118.2%

136.4%

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

$404,923

$418,000

$425,000

$405,692

0.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$433

APR

$375,000

MAY JUN

MEDIAN SALES PRICE

JUL

$305

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$375 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 : March 2015

telesproperties.com


Sunland/Tujunga DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$395,000

$495,000

$458,000

$461,000

16.7%

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

$329

$302

$308

$331

0.6%

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

21

37

26

36

71.4%

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

36

34

34

48

33.3%

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

58

79

55

60

3.4%

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

59

47

54

57

-3.4%

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

2.8

2.1

2.1

1.7

-39.7%

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

62.1%

43.0%

61.8%

80.0%

28.9%

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

$406,692

$479,500

$476,667

$466,615

14.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$395

APR

$461,000

MAY JUN

MEDIAN SALES PRICE

JUL

$331

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$461 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 : March 2015

telesproperties.com


Tarzana DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$810,000

$634,000

$895,000

$890,000

9.9%

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

$387

$382

$383

$356

-8.0%

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

21

18

14

32

52.4%

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

34

22

30

27

-20.6%

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

68

106

90

77

13.2%

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

56

67

87

80

42.9%

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

3.2

5.9

6.4

2.4

-25.7%

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

50.0%

20.8%

33.3%

35.1%

-29.9%

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

$791,231

$862,833

$872,333

$881,923

11.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$810

APR

$890,000

MAY JUN

MEDIAN SALES PRICE

JUL

$356

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$890 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 : March 2015

telesproperties.com


Toluca Lake DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,013,000

$862,000

$849,000

$1,175,000

16.0%

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

$425

$476

$470

$663

56.0%

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

4

6

8

11

175.0%

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

7

8

4

9

28.6%

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

11

20

16

15

36.4%

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

20

61

66

59

195.0%

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

2.8

3.3

2

1.4

-50.4%

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

63.6%

40.0%

25.0%

60.0%

-5.7%

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

$995,077

$993,167

$1,110,000

$1,113,308

11.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.013

APR

$1,175,000

MAY JUN

MEDIAN SALES PRICE

JUL

$663

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.175 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 : March 2015

telesproperties.com


Valley Village DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$819,000

$822,000

$725,000

$768,000

-6.2%

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

$414

$464

$419

$432

4.3%

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

12

9

16

12

0.0%

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

12

9

11

19

58.3%

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

23

26

17

17

-26.1%

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

56

55

45

105

87.5%

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

1.9

2.9

1.1

1.4

-26.1%

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

52.2%

34.6%

64.7%

111.8%

114.2%

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

$734,077

$791,500

$789,667

$781,154

6.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$819

APR

$768,000

MAY JUN

MEDIAN SALES PRICE

JUL

$432

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Woodland Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$635,000

$745,000

$715,000

$690,000

8.7%

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

$342

$352

$327

$327

-4.4%

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

46

49

61

82

78.3%

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

72

69

66

82

13.9%

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

145

191

177

136

-6.2%

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

55

69

73

75

36.4%

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

3.2

3.9

2.9

1.7

-47.4%

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

49.7%

36.1%

37.3%

60.3%

21.4%

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

$646,923

$697,667

$696,667

$693,077

7.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$635

APR

$690,000

MAY JUN

MEDIAN SALES PRICE

JUL

$327

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$690 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 : March 2015

telesproperties.com


San Gabriel Valley Macro Market DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,021,364

$976,636

$993,818

$1,057,273

3.5%

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

$499

$513

$488

$516

3.6%

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

275

278

280

247

-10.2%

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

295

319

247

326

10.5%

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

520

735

585

726

39.6%

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

53

49

59

46

-12.5%

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

1.9

2.6

2.1

2.9

55.4%

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

56.7%

43.4%

42.2%

44.9%

-20.8%

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

$885,699

$998,030

$987,727

$979,259

10.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.021

APR

$1,057,273

MAY JUN

MEDIAN SALES PRICE

JUL

$516

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.057 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 : March 2015

telesproperties.com


Altadena DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$550,000

$605,000

$578,000

$668,000

21.5%

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

$358

$409

$392

$412

15.1%

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

33

36

34

33

0.0%

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

41

38

32

41

0.0%

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

43

82

60

57

32.6%

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

51

55

64

68

33.3%

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

1.3

2.3

1.8

1.7

32.6%

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

95.3%

46.3%

53.3%

71.9%

-24.6%

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

$570,923

$631,667

$644,000

$613,846

7.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$550

APR

$668,000

MAY JUN

MEDIAN SALES PRICE

JUL

$412

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$668 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 : March 2015

telesproperties.com


Arcadia DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,388,000

$1,310,000

$1,255,000

$1,295,000

-6.7%

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

$597

$544

$577

$549

-8.0%

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

45

31

48

30

-33.3%

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

36

49

35

48

33.3%

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

91

172

147

199

118.7%

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

48

59

63

75

56.2%

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

2

5.5

3.1

6.6

228.0%

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

39.6%

28.5%

23.8%

24.1%

-39.0%

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

$1,321,231

$1,367,167

$1,307,667

$1,354,308

2.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.388

APR

$1,295,000

MAY JUN

MEDIAN SALES PRICE

JUL

$549

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.295 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 : March 2015

telesproperties.com


Duarte DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$540,000

$423,000

$475,000

$508,000

-5.9%

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

$279

$304

$302

$335

20.1%

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

11

11

12

13

18.2%

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

11

15

17

15

36.4%

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

18

34

21

23

27.8%

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

58

56

82

67

15.5%

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

1.6

3.1

1.8

1.8

8.1%

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

61.1%

44.1%

81.0%

65.2%

6.7%

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

$391,462

$456,667

$456,000

$445,000

13.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$540

APR

$508,000

MAY JUN

MEDIAN SALES PRICE

JUL

$335

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$508 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 : March 2015

telesproperties.com


Eagle Rock DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$611,000

$665,000

$815,000

$638,000

4.4%

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

$414

$428

$431

$476

15.0%

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

21

17

11

14

-33.3%

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

23

21

10

19

-17.4%

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

26

25

19

24

-7.7%

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

32

47

39

23

-28.1%

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

1.2

1.5

1.7

1.7

38.5%

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

88.5%

84.0%

52.6%

79.2%

-10.5%

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

$564,000

$683,500

$658,667

$679,077

20.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$611

APR

$638,000

MAY JUN

MEDIAN SALES PRICE

JUL

$476

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$638 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 : March 2015

telesproperties.com


La Canada Flintridge DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,560,000

$1,290,000

$1,439,000

$2,100,000

34.6%

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

$573

$571

$580

$731

27.6%

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

20

13

23

10

-50.0%

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

20

13

16

20

0.0%

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

36

49

27

52

44.4%

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

79

57

70

38

-51.9%

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

1.8

3.8

1.2

5.2

188.9%

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

55.6%

26.5%

59.3%

38.5%

-30.8%

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

$1,288,923

$1,575,500

$1,681,667

$1,443,615

12.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.560

APR

$2,100,000

MAY JUN

MEDIAN SALES PRICE

JUL

$731

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.100 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 : March 2015

telesproperties.com


Monrovia DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$562,000

$637,000

$635,000

$583,000

3.7%

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

$435

$395

$401

$427

-1.8%

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

18

28

23

16

-11.1%

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

25

31

22

30

20.0%

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

61

58

50

64

4.9%

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

55

53

54

44

-20.0%

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

3.4

2.1

2.2

4

18.0%

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

41.0%

53.4%

44.0%

46.9%

14.4%

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

$532,000

$570,667

$547,333

$593,923

11.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$562

APR

$583,000

MAY JUN

MEDIAN SALES PRICE

JUL

$427

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$583 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 : March 2015

telesproperties.com


Pasadena DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$740,000

$795,000

$770,000

$788,000

6.5%

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

$496

$524

$474

$482

-2.8%

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

75

71

76

86

14.7%

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

96

83

76

103

7.3%

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

145

191

157

175

20.7%

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

60

48

53

67

11.7%

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

1.9

2.7

2.1

2

5.3%

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

66.2%

43.5%

48.4%

58.9%

-11.1%

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

$682,923

$742,833

$742,333

$760,231

11.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$740

APR

$788,000

MAY JUN

MEDIAN SALES PRICE

JUL

$482

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$788 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 : March 2015

telesproperties.com


San Gabriel DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$705,000

$710,000

$745,000

$655,000

-7.1%

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

$400

$414

$418

$432

8.0%

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

24

35

26

22

-8.3%

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

22

31

20

23

4.5%

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

53

59

48

60

13.2%

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

51

39

54

35

-31.4%

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

2.2

1.7

1.8

2.7

23.5%

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

41.5%

52.5%

41.7%

38.3%

-7.7%

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

$616,000

$698,500

$708,000

$694,769

12.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$705

APR

$655,000

MAY JUN

MEDIAN SALES PRICE

JUL

$432

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$655 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 : March 2015

telesproperties.com


San Marino DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,579,000

$2,397,000

$2,035,000

$2,275,000

-11.8%

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

$838

$1,037

$831

$871

3.9%

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

11

11

8

9

-18.2%

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

10

11

5

9

-10.0%

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

11

24

26

27

145.5%

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

42

40

38

29

-31.0%

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

1

2.2

3.2

3

200.0%

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

90.9%

45.8%

19.2%

33.3%

-63.3%

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

$1,973,923

$2,193,167

$2,160,000

$2,196,231

11.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.579

APR

$2,275,000

MAY JUN

MEDIAN SALES PRICE

JUL

$871

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.275 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 : March 2015

telesproperties.com


Sierra Madre DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$960,000

$922,000

$775,000

$1,240,000

29.2%

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

$479

$468

$481

$383

-20.0%

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

9

14

7

3

-66.7%

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

3

10

9

8

166.7%

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

17

16

18

26

52.9%

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

60

48

81

21

-65.0%

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

1.9

1.1

2.6

8.7

358.8%

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

17.6%

62.5%

50.0%

30.8%

74.4%

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

$836,231

$922,833

$952,667

$882,231

5.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$960

APR

$1,240,000

MAY JUN

MEDIAN SALES PRICE

JUL

$383

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

8.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.240 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 : March 2015

telesproperties.com


South Pasadena DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,040,000

$989,000

$1,410,000

$880,000

-15.4%

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

$615

$544

$484

$583

-5.2%

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

8

11

12

11

37.5%

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

8

17

5

10

25.0%

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

19

25

12

19

0.0%

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

48

34

53

44

-8.3%

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

2.4

2.3

1

1.7

-27.3%

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

42.1%

68.0%

41.7%

52.6%

25.0%

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

$944,923

$1,135,833

$1,006,667

$1,108,615

17.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.040

APR

$880,000

MAY JUN

MEDIAN SALES PRICE

JUL

$583

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$880 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Orange County

Orange County Macro

Ladera Ranch

San Juan Capistrano

Aliso Viejo

Laguna Beach

Shady Canyon

Balboa Peninsula

Laguna Hills

Turtle Ridge

Corona del Mar - Spyglass

Laguna Niguel

Turtle Rock

Coto de Caza

Laguna Woods

West Bay - Santa Ana Heights

Crystal Cove

Lower Newport Bay - Balboa Island

West Newport - Lido

Dana Point

Mission Viejo

Westminster

East Bluff - Harbor View

Newport Beach

East Costa Mesa

Newport Coast

Fountain Valley

Newport Heights

Huntington Beach

Rancho Santa Margarita

Irvine

San Clemente

Micro Market Report : March 2015

telesproperties.com


County: ORANGE Area: 948 SQ MILES Founded: 1889

Micro Market Report : March 2015

telesproperties.com


Orange County DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$650,000

$680,000

$667,000

$680,000

4.6%

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

$391

$431

$400

$403

3.1%

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

1384

1473

1417

1599

15.5%

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

1710

1510

1060

2086

22.0%

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

6,660

7,560

5,458

6,600

-0.9%

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

64

64

77

52

-18.8%

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

4.8

5.1

3.9

4.1

-14.2%

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

25.7%

20.0%

19.4%

31.6%

23.1%

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

$641,000

$669,199

$663,000

$672,011

4.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$650

APR

$680,000

MAY JUN

MEDIAN SALES PRICE

JUL

$403

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Aliso Viejo DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$662,500

$697,500

$698,000

$720,000

8.7%

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

$343

$362

$363

$366

6.7%

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

16

16

18

15

-6.2%

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

29

25

6

26

-10.3%

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

79

91

49

60

-24.1%

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

71

60

74

37

-47.9%

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

4.9

5.7

2.7

4

-19.0%

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

36.7%

27.5%

12.2%

43.3%

18.0%

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

$688,000

$702,167

$695,000

$713,808

3.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$662

APR

$720,000

MAY JUN

MEDIAN SALES PRICE

JUL

$366

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$720 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 : March 2015

telesproperties.com


Balboa Peninsula DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,065,000

$1,950,000

$2,275,000

$4,345,000

110.4%

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

$736

$1,303

$838

$1,435

95.0%

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

3

3

7

2

-33.3%

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

5

4

6

4

-20.0%

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

38

43

35

36

-5.3%

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

130

39

85

102

-21.5%

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

12.7

14.3

5

18

42.1%

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

13.2%

9.3%

17.1%

11.1%

-15.6%

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

$2,610,000

$3,202,500

$3,018,333

$2,897,885

11.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.065

APR

$4,345,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,435

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

18 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$4.345 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 : March 2015

telesproperties.com


Corona del Mar - Spyglass DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,835,000

$1,792,500

$2,450,000

$2,316,000

-18.3%

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

$1,008

$1,028

$1,092

$1,043

3.5%

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

9

16

9

5

-44.4%

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

14

11

9

8

-42.9%

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

57

80

64

88

54.4%

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

58

94

85

52

-10.3%

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

6.3

5

7.1

17.6

177.9%

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

24.6%

13.8%

14.1%

9.1%

-63.0%

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

$2,491,000

$2,122,382

$2,015,598

$2,188,715

-12.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.835

APR

$2,316,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,043

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

17.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.316 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 : March 2015

telesproperties.com


Coto de Caza DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,121,000

$1,105,000

$1,215,000

$1,255,000

12.0%

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

$321

$335

$333

$334

4.0%

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

18

11

19

20

11.1%

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

22

25

11

36

63.6%

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

121

143

92

120

-0.8%

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

48

74

101

110

129.2%

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

6.7

13

4.8

6

-10.7%

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

18.2%

17.5%

12.0%

30.0%

65.0%

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

$1,067,000

$1,251,250

$1,238,333

$1,199,231

12.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.121

APR

$1,255,000

MAY JUN

MEDIAN SALES PRICE

JUL

$334

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.255 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 : March 2015

telesproperties.com


Crystal Cove DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$3,880,000

$8,750,000

$4,450,000

$3,930,000

1.3%

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

$1,125

$1,134

$1,172

$959

-14.8%

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

3

3

4

2

-33.3%

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

4

4

0

3

-25.0%

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

21

25

15

26

23.8%

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

104

124

0

175

68.3%

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

7

8.3

3.8

13

85.7%

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

19.0%

16.0%

0.0%

11.5%

-39.4%

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

$4,522,000

$4,844,875

$3,930,000

$5,021,227

11.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$3.880

APR

$3,930,000

MAY JUN

MEDIAN SALES PRICE

JUL

$959

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

13 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.930 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 : March 2015

telesproperties.com


Dana Point DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$909,950

$866,250

$920,938

$1,092,450

20.1%

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

$566

$622

$552

$559

-1.2%

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

20

38

32

28

40.0%

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

29

33

15

46

58.6%

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

158

183

130

171

8.2%

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

38

75

94

72

89.5%

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

7.9

4.8

4.1

6.1

-22.7%

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

18.4%

18.0%

11.5%

26.9%

46.6%

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

$896,000

$1,028,940

$1,111,650

$952,826

6.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$909

APR

$1,092,450

MAY JUN

MEDIAN SALES PRICE

JUL

$559

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.092 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 : March 2015

telesproperties.com


East Bluff - Harbor View DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$1,725,000

$1,282,000

$1,795,000

$1,640,000

-4.9%

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

$627

$672

$628

$672

7.2%

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

10

21

21

23

130.0%

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

22

16

12

23

4.5%

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

94

117

80

102

8.5%

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

65

74

97

66

1.5%

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

9.4

5.6

3.8

4.4

-52.8%

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

23.4%

13.7%

15.0%

22.5%

-3.7%

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

$1,698,000

$1,748,583

$1,701,333

$1,717,231

1.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.725

APR

$1,640,000

MAY JUN

MEDIAN SALES PRICE

JUL

$672

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.640 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 : March 2015

telesproperties.com


East Costa Mesa DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$925,000

$765,000

$990,000

$887,000

-4.1%

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

$545

$457

$521

$464

-14.9%

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

14

14

14

17

21.4%

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

19

15

4

26

36.8%

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

73

75

47

61

-16.4%

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

42

70

102

56

33.3%

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

5.2

5.4

3.4

3.6

-31.2%

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

26.0%

20.0%

8.5%

42.6%

63.8%

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

$849,000

$940,497

$984,327

$909,436

7.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$925

APR

$887,000

MAY JUN

MEDIAN SALES PRICE

JUL

$464

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$887 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 : March 2015

telesproperties.com


Fountain Valley DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$654,000

$655,000

$681,000

$682,500

4.4%

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

$360

$351

$355

$360

0.0%

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

26

29

16

26

0.0%

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

31

28

15

31

0.0%

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

69

72

53

76

10.1%

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

36

49

36

31

-13.9%

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

2.7

2.5

3.3

2.9

10.1%

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

44.9%

38.9%

28.3%

40.8%

-9.2%

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

$644,000

$681,417

$676,667

$678,731

5.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$654

APR

$682,500

MAY JUN

MEDIAN SALES PRICE

JUL

$360

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$682 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Huntington Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$750,000

$750,000

$810,000

$785,500

4.7%

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

$416

$450

$455

$452

8.7%

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

95

111

81

100

5.3%

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

130

106

81

129

-0.8%

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

407

422

302

366

-10.1%

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

66

68

69

61

-7.6%

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

4.3

3.8

3.7

3.7

-14.6%

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

31.9%

25.1%

26.8%

35.2%

10.3%

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

$716,000

$775,833

$780,167

$756,758

5.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$750

APR

$785,500

MAY JUN

MEDIAN SALES PRICE

JUL

$452

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$785 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 : March 2015

telesproperties.com


Irvine DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$922,500

$959,800

$910,000

$899,950

-2.4%

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

$460

$464

$474

$441

-4.1%

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

80

81

75

84

5.0%

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

99

79

64

127

28.3%

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

359

445

278

376

4.7%

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

42

66

71

44

4.8%

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

4.5

5.5

3.7

4.5

-0.3%

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

27.6%

17.8%

23.0%

33.8%

22.5%

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

$890,000

$927,720

$923,548

$919,432

3.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$922

APR

$899,950

MAY JUN

MEDIAN SALES PRICE

JUL

$441

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Ladera Ranch DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$870,153

$1,069,000

$720,500

$1,000,000

14.9%

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

$304

$317

$328

$316

3.9%

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

27

19

26

26

-3.7%

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

23

20

12

28

21.7%

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

114

140

93

114

0.0%

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

30

69

86

58

93.3%

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

4.2

7.4

3.6

4.4

3.8%

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

20.2%

14.3%

12.9%

24.6%

21.7%

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

$852,000

$809,108

$848,333

$841,928

-1.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$870

APR

$1,000,000

MAY JUN

MEDIAN SALES PRICE

JUL

$316

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Laguna Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$2,272,500

$2,000,000

$1,875,000

$1,850,000

-18.6%

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

$888

$1,227

$944

$970

9.2%

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

24

35

29

35

45.8%

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

40

33

20

40

0.0%

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

254

268

191

252

-0.8%

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

102

103

79

82

-19.6%

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

10.6

7.7

6.6

7.2

-32.0%

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

15.7%

12.3%

10.5%

15.9%

0.8%

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

$1,758,000

$1,809,500

$1,854,000

$1,915,885

9.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $2.272

MAR APR

$1,850,000

MAY JUN

MEDIAN SALES PRICE

JUL

$970

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

7.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Laguna Niguel DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$789,000

$822,500

$831,500

$810,000

2.7%

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

$431

$428

$401

$394

-8.6%

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

51

62

50

51

0.0%

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

64

56

52

82

28.1%

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

285

333

241

285

0.0%

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

57

77

97

54

-5.3%

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

5.6

5.4

4.8

5.6

0.0%

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

22.5%

16.8%

21.6%

28.8%

28.1%

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

$784,000

$814,083

$811,167

$809,265

3.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$789

APR

$810,000

MAY JUN

MEDIAN SALES PRICE

JUL

$394

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$810 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 : March 2015

telesproperties.com


Laguna Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

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

$675,000

$787,500

$790,000

$774,000

14.7%

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

$334

$355

$330

$427

27.8%

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

19

22

27

21

10.5%

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

25

19

14

24

-4.0%

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

95

111

69

88

-7.4%

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

67

62

104

45

-32.8%

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

5

5

2.6

4.2

-16.2%

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

26.3%

17.1%

20.3%

27.3%

3.6%

Average Median Price for Last 12 Months ........

$709,000

$719,125

$704,667

$735,165

3.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$675

APR

$774,000

MAY JUN

MEDIAN SALES PRICE

JUL

$427

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$774 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 : March 2015

telesproperties.com


Laguna Woods DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$772,000

$0

$0

$0

-100.0%

Average Price per Square Foot ...........................

$432

$0

$0

$0

-100.0%

Properties Sold .......................................................

1

0

0

0

-100.0%

Properties Pending Sale .......................................

0

0

0

1

0%

Properties For Sale ................................................

0

0

0

1

0%

Days on Market (Pending Sale) ...........................

0

0

0

6

0%

Month’s Supply of Inventory ................................

0

0

0

0

0%

Percent Under Contract ........................................

0%

0%

0%

100.0%

0%

Average Median Price for Last 12 Months ........

$621,000

$0

$0

$772,000

24.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$772

APR

No sales

MAY JUN

MEDIAN SALES PRICE

JUL

No sales

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

No sales MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR 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 : March 2015

telesproperties.com


Lower Newport Bay - Balboa Island DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$4,600,000

$1,575,000

$1,725,000

$2,748,886

-40.2%

Average Price per Square Foot ...........................

$1,704

$1,476

$682

$1,037

-39.1%

Properties Sold .......................................................

1

5

1

8

700.0%

Properties Pending Sale .......................................

5

3

0

6

20.0%

Properties For Sale ................................................

49

40

29

37

-24.5%

Days on Market (Pending Sale) ...........................

102

73

0

80

-21.6%

Month’s Supply of Inventory ................................

49

8

29

4.6

-90.6%

Percent Under Contract ........................................

10.2%

7.5%

0.0%

16.2%

58.9%

Average Median Price for Last 12 Months ........

$2,725,000

$3,146,898

$3,397,962

$3,237,230

18.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $4.600

MAR APR

$2,748,886

MAY JUN

MEDIAN SALES PRICE

JUL

$1,037

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.748 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Mission Viejo DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$615,000

$625,000

$637,500

$653,000

6.2%

Average Price per Square Foot ...........................

$318

$320

$333

$327

2.8%

Properties Sold .......................................................

68

84

72

87

27.9%

Properties Pending Sale .......................................

79

59

56

138

74.7%

Properties For Sale ................................................

267

298

218

299

12.0%

Days on Market (Pending Sale) ...........................

50

49

76

39

-22.0%

Month’s Supply of Inventory ................................

3.9

3.5

3

3.4

-12.5%

Percent Under Contract ........................................

29.6%

19.8%

25.7%

46.2%

56.0%

Average Median Price for Last 12 Months ........

$617,000

$641,650

$654,167

$638,569

3.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$615

APR

$653,000

MAY JUN

MEDIAN SALES PRICE

JUL

$327

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$653 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 : March 2015

telesproperties.com


Newport Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,849,500

$1,950,000

$1,795,000

$1,677,500

-9.3%

Average Price per Square Foot ...........................

$726

$875

$729

$748

3.0%

Properties Sold .......................................................

32

49

51

57

78.1%

Properties Pending Sale .......................................

67

38

31

57

-14.9%

Properties For Sale ................................................

323

348

263

325

0.6%

Days on Market (Pending Sale) ...........................

62

70

81

77

24.2%

Month’s Supply of Inventory ................................

10.1

7.1

5.2

5.7

-43.5%

Percent Under Contract ........................................

20.7%

10.9%

11.8%

17.5%

-15.4%

Average Median Price for Last 12 Months ........

$1,745,000

$1,770,302

$1,725,604

$1,808,716

3.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.849

APR

$1,677,500

MAY JUN

MEDIAN SALES PRICE

JUL

$748

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.677 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 : March 2015

telesproperties.com


Newport Coast DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$2,747,500

$4,389,900

$3,200,000

$2,782,500

1.3%

Average Price per Square Foot ...........................

$828

$952

$894

$781

-5.7%

Properties Sold .......................................................

14

12

9

12

-14.3%

Properties Pending Sale .......................................

15

14

9

16

6.7%

Properties For Sale ................................................

95

98

76

94

-1.1%

Days on Market (Pending Sale) ...........................

77

112

282

108

40.3%

Month’s Supply of Inventory ................................

6.8

8.2

8.4

7.8

15.4%

Percent Under Contract ........................................

15.8%

14.3%

11.8%

17.0%

7.8%

Average Median Price for Last 12 Months ........

$2,881,000

$3,216,571

$3,135,833

$3,218,737

11.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.747

APR

$2,782,500

MAY JUN

MEDIAN SALES PRICE

JUL

$781

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

7.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.782 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 : March 2015

telesproperties.com


Newport Heights DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,590,000

$2,600,000

$1,725,000

$1,525,000

-4.1%

Average Price per Square Foot ...........................

$764

$753

$572

$624

-18.3%

Properties Sold .......................................................

4

5

5

8

100.0%

Properties Pending Sale .......................................

15

0

4

7

-53.3%

Properties For Sale ................................................

36

34

26

32

-11.1%

Days on Market (Pending Sale) ...........................

56

0

68

113

101.8%

Month’s Supply of Inventory ................................

9

6.8

5.2

4

-55.6%

Percent Under Contract ........................................

41.7%

0.0%

15.4%

21.9%

-47.5%

Average Median Price for Last 12 Months ........

$1,569,000

$1,499,190

$1,300,667

$1,786,535

13.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.590

APR

$1,525,000

MAY JUN

MEDIAN SALES PRICE

JUL

$624

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.525 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 : March 2015

telesproperties.com


Rancho Santa Margarita DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$612,000

$650,000

$648,000

$643,250

5.1%

Average Price per Square Foot ...........................

$319

$313

$310

$325

1.9%

Properties Sold .......................................................

41

41

41

48

17.1%

Properties Pending Sale .......................................

38

34

25

68

78.9%

Properties For Sale ................................................

131

193

138

146

11.5%

Days on Market (Pending Sale) ...........................

45

61

78

49

8.9%

Month’s Supply of Inventory ................................

3.2

4.7

3.4

3

-4.8%

Percent Under Contract ........................................

29.0%

17.6%

18.1%

46.6%

60.6%

Average Median Price for Last 12 Months ........

$635,000

$647,450

$650,917

$647,314

1.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$612

APR

$643,250

MAY JUN

MEDIAN SALES PRICE

JUL

$325

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$643 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 : March 2015

telesproperties.com


San Clemente DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$816,000

$820,000

$792,500

$865,000

6.0%

Average Price per Square Foot ...........................

$371

$375

$360

$405

9.2%

Properties Sold .......................................................

38

58

54

59

55.3%

Properties Pending Sale .......................................

77

72

42

80

3.9%

Properties For Sale ................................................

302

356

232

288

-4.6%

Days on Market (Pending Sale) ...........................

82

72

98

59

-28.0%

Month’s Supply of Inventory ................................

7.9

6.1

4.3

4.9

-38.6%

Percent Under Contract ........................................

25.5%

20.2%

18.1%

27.8%

8.9%

Average Median Price for Last 12 Months ........

$815,000

$844,583

$840,667

$836,000

2.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$816

APR

$865,000

MAY JUN

MEDIAN SALES PRICE

JUL

$405

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$865 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 : March 2015

telesproperties.com


San Juan Capistrano DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$815,000

$829,388

$865,500

$850,000

4.3%

Average Price per Square Foot ...........................

$373

$339

$371

$356

-4.6%

Properties Sold .......................................................

27

16

26

23

-14.8%

Properties Pending Sale .......................................

28

24

14

33

17.9%

Properties For Sale ................................................

132

167

121

142

7.6%

Days on Market (Pending Sale) ...........................

87

69

77

71

-18.4%

Month’s Supply of Inventory ................................

4.9

10.4

4.7

6.2

26.3%

Percent Under Contract ........................................

21.2%

14.4%

11.6%

23.2%

9.6%

Average Median Price for Last 12 Months ........

$856,000

$778,833

$709,167

$758,261

-11.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$815

APR

$850,000

MAY JUN

MEDIAN SALES PRICE

JUL

$356

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Shady Canyon DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$5,619,000

$0

$0

$0

-100.0%

Average Price per Square Foot ...........................

$677

$0

$0

$0

-100.0%

Properties Sold .......................................................

2

0

0

0

-100.0%

Properties Pending Sale .......................................

2

1

0

0

-100.0%

Properties For Sale ................................................

6

4

2

1

-83.3%

Days on Market (Pending Sale) ...........................

275

245

0

0

-100.0%

Month’s Supply of Inventory ................................

3

0

0

0

0%

Percent Under Contract ........................................

33.3%

25.0%

0.0%

0.0%

-100.0%

Average Median Price for Last 12 Months ........

$5,622,000

$4,725,000

$5,800,000

$4,593,800

-18.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$5.619

APR

No sales

MAY JUN

MEDIAN SALES PRICE

JUL

No sales

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

No sales MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR 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 : March 2015

telesproperties.com


Turtle Ridge DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$2,075,000

$2,488,000

$2,237,500

$3,800,000

83.1%

Average Price per Square Foot ...........................

$602

$686

$706

$905

50.3%

Properties Sold .......................................................

4

5

4

1

-75.0%

Properties Pending Sale .......................................

1

5

3

5

400.0%

Properties For Sale ................................................

28

33

19

25

-10.7%

Days on Market (Pending Sale) ...........................

169

82

106

160

-5.3%

Month’s Supply of Inventory ................................

7

6.6

4.8

25

257.1%

Percent Under Contract ........................................

3.6%

15.2%

15.8%

20.0%

460.0%

Average Median Price for Last 12 Months ........

$2,239,000

$2,382,157

$2,594,833

$2,453,796

9.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.075

APR

$3,800,000

MAY JUN

MEDIAN SALES PRICE

JUL

$905

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

25 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$3.800 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 : March 2015

telesproperties.com


Turtle Rock DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,390,000

$0

$1,355,000

$1,205,500

-13.3%

Average Price per Square Foot ...........................

$532

$0

$712

$588

10.5%

Properties Sold .......................................................

3

0

1

4

33.3%

Properties Pending Sale .......................................

1

1

1

3

200.0%

Properties For Sale ................................................

5

7

7

9

80.0%

Days on Market (Pending Sale) ...........................

1

31

108

33

3200.0%

Month’s Supply of Inventory ................................

1.7

0

7

2.2

35.0%

Percent Under Contract ........................................

20.0%

14.3%

14.3%

33.3%

66.7%

Average Median Price for Last 12 Months ........

$1,616,000

$1,287,850

$1,457,125

$1,304,875

-19.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.390

APR

$1,205,500

MAY JUN

MEDIAN SALES PRICE

JUL

$588

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.205 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 : March 2015

telesproperties.com


Westminster DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$495,000

$523,500

$535,900

$554,900

12.1%

Average Price per Square Foot ...........................

$330

$335

$327

$346

4.8%

Properties Sold .......................................................

31

28

33

29

-6.5%

Properties Pending Sale .......................................

48

35

22

32

-33.3%

Properties For Sale ................................................

124

118

81

101

-18.5%

Days on Market (Pending Sale) ...........................

42

55

51

34

-19.0%

Month’s Supply of Inventory ................................

4

4.2

2.5

3.5

-12.9%

Percent Under Contract ........................................

38.7%

29.7%

27.2%

31.7%

-18.2%

Average Median Price for Last 12 Months ........

$499,000

$543,633

$540,300

$534,711

7.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$495

APR

$554,900

MAY JUN

MEDIAN SALES PRICE

JUL

$346

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$554 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 : March 2015

telesproperties.com


West Bay - Santa Ana Heights DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,800,000

$1,779,500

$1,438,297

$1,633,750

-9.2%

Average Price per Square Foot ...........................

$496

$684

$559

$565

13.9%

Properties Sold .......................................................

8

6

8

10

25.0%

Properties Pending Sale .......................................

14

11

5

10

-28.6%

Properties For Sale ................................................

64

63

51

69

7.8%

Days on Market (Pending Sale) ...........................

66

65

88

62

-6.1%

Month’s Supply of Inventory ................................

8

10.5

6.4

6.9

-13.8%

Percent Under Contract ........................................

21.9%

17.5%

9.8%

14.5%

-33.7%

Average Median Price for Last 12 Months ........

$1,459,000

$1,519,060

$1,604,521

$1,514,047

3.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.800

APR

$1,633,750

MAY JUN

MEDIAN SALES PRICE

JUL

$565

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.9 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.633 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 : March 2015

telesproperties.com


West Newport - Lido DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$3,087,000

$2,250,000

$2,225,000

$2,050,000

-33.6%

Average Price per Square Foot ...........................

$1,232

$1,178

$1,281

$985

-20.0%

Properties Sold .......................................................

6

9

9

6

0.0%

Properties Pending Sale .......................................

4

4

4

7

75.0%

Properties For Sale ................................................

47

48

41

48

2.1%

Days on Market (Pending Sale) ...........................

22

96

48

80

263.6%

Month’s Supply of Inventory ................................

7.8

5.3

4.6

8

2.1%

Percent Under Contract ........................................

8.5%

8.3%

9.8%

14.6%

71.4%

Average Median Price for Last 12 Months ........

$1,937,000

$2,098,200

$2,096,667

$2,225,875

14.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $3.087

MAR APR

$2,050,000

MAY JUN

MEDIAN SALES PRICE

JUL

$985

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Santa Barbara County

Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez

Micro Market Report : March 2015

telesproperties.com


County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850

Micro Market Report : March 2015

telesproperties.com


Carpinteria DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$901,000

$949,000

$899,000

$795,000

-11.8%

Average Price per Square Foot ...........................

$1,297

$654

$500

$1,705

31.5%

Properties Sold .......................................................

4

7

5

9

125.0%

Properties Pending Sale .......................................

13

7

4

9

-30.8%

Properties For Sale ................................................

44

46

32

40

-9.1%

Days on Market (Pending Sale) ...........................

36

94

80

139

286.1%

Month’s Supply of Inventory ................................

11

6.6

6.4

4.4

-59.6%

Percent Under Contract ........................................

29.5%

15.2%

12.5%

22.5%

-23.8%

Average Median Price for Last 12 Months ........

$1,098,000

$887,333

$910,833

$1,175,596

7.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$901

APR

$795,000

MAY JUN

MEDIAN SALES PRICE

JUL

$1,705

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$795 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 : March 2015

telesproperties.com


Goleta DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$720,000

$885,000

$747,450

$730,000

1.4%

Average Price per Square Foot ...........................

$455

$499

$536

$465

2.2%

Properties Sold .......................................................

10

8

7

12

20.0%

Properties Pending Sale .......................................

17

6

6

10

-41.2%

Properties For Sale ................................................

31

27

22

30

-3.2%

Days on Market (Pending Sale) ...........................

24

36

60

54

125.0%

Month’s Supply of Inventory ................................

3.1

3.4

3.1

2.5

-19.4%

Percent Under Contract ........................................

54.8%

22.2%

27.3%

33.3%

-39.2%

Average Median Price for Last 12 Months ........

$761,000

$718,042

$707,100

$763,250

0.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$720

APR

$730,000

MAY JUN

MEDIAN SALES PRICE

JUL

$465

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$730 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 : March 2015

telesproperties.com


Hope Ranch DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$5,130,750

$3,128,000

$3,275,000

$2,677,500

-47.8%

Average Price per Square Foot ...........................

$872

$713

$731

$772

-11.5%

Properties Sold .......................................................

4

3

3

4

0.0%

Properties Pending Sale .......................................

1

2

4

4

300.0%

Properties For Sale ................................................

36

33

25

26

-27.8%

Days on Market (Pending Sale) ...........................

29

300

167

33

13.8%

Month’s Supply of Inventory ................................

9

11

8.3

6.5

-27.8%

Percent Under Contract ........................................

2.8%

6.1%

16.0%

15.4%

453.8%

Average Median Price for Last 12 Months ........

$2,971,000

$2,597,750

$2,877,500

$2,881,750

-3.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $5.130

MAR APR

$2,677,500

MAY JUN

MEDIAN SALES PRICE

JUL

$772

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.5 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.677 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 : March 2015

telesproperties.com


Montecito DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$2,500,000

$2,400,000

$2,336,250

$2,400,000

-4.0%

Average Price per Square Foot ...........................

$956

$852

$687

$992

3.8%

Properties Sold .......................................................

10

25

12

23

130.0%

Properties Pending Sale .......................................

27

22

12

20

-25.9%

Properties For Sale ................................................

171

166

130

154

-9.9%

Days on Market (Pending Sale) ...........................

97

163

128

28

-71.1%

Month’s Supply of Inventory ................................

17.1

6.6

10.8

6.7

-60.8%

Percent Under Contract ........................................

15.8%

13.3%

9.2%

13.0%

-17.7%

Average Median Price for Last 12 Months ........

$2,411,000

$3,624,885

$4,586,687

$3,261,716

35.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$2.500

APR

$2,400,000

MAY JUN

MEDIAN SALES PRICE

JUL

$992

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$2.400 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 : March 2015

telesproperties.com


Santa Barbara East of State DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,360,000

$1,300,000

$1,160,000

$1,384,000

1.8%

Average Price per Square Foot ...........................

$702

$635

$636

$721

2.7%

Properties Sold .......................................................

15

28

25

38

153.3%

Properties Pending Sale .......................................

24

27

21

28

16.7%

Properties For Sale ................................................

104

140

101

120

15.4%

Days on Market (Pending Sale) ...........................

63

38

62

41

-34.9%

Month’s Supply of Inventory ................................

6.9

5

4

3.2

-54.5%

Percent Under Contract ........................................

23.1%

19.3%

20.8%

23.3%

1.1%

Average Median Price for Last 12 Months ........

$1,084,000

$1,185,458

$1,268,000

$1,226,058

13.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.360

APR

$1,384,000

MAY JUN

MEDIAN SALES PRICE

JUL

$721

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.384 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 : March 2015

telesproperties.com


Santa Barbara West of State DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$950,000

$950,000

$862,500

$957,500

0.8%

Average Price per Square Foot ...........................

$750

$693

$777

$706

-5.9%

Properties Sold .......................................................

15

23

20

16

6.7%

Properties Pending Sale .......................................

21

17

15

31

47.6%

Properties For Sale ................................................

63

77

67

76

20.6%

Days on Market (Pending Sale) ...........................

34

36

52

45

32.4%

Month’s Supply of Inventory ................................

4.2

3.3

3.4

4.8

13.1%

Percent Under Contract ........................................

33.3%

22.1%

22.4%

40.8%

22.4%

Average Median Price for Last 12 Months ........

$894,000

$1,047,083

$968,333

$1,006,769

12.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$950

APR

$957,500

MAY JUN

MEDIAN SALES PRICE

JUL

$706

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$957 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 : March 2015

telesproperties.com


Santa Ynez DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$590,000

$640,000

$815,000

$1,157,500

96.2%

Average Price per Square Foot ...........................

$340

$291

$338

$397

16.8%

Properties Sold .......................................................

13

9

8

18

38.5%

Properties Pending Sale .......................................

10

14

6

11

10.0%

Properties For Sale ................................................

131

116

105

100

-23.7%

Days on Market (Pending Sale) ...........................

75

77

195

84

12.0%

Month’s Supply of Inventory ................................

10.1

12.9

13.1

5.6

-44.9%

Percent Under Contract ........................................

7.6%

12.1%

5.7%

11.0%

44.1%

Average Median Price for Last 12 Months ........

$699,000

$696,292

$773,333

$711,269

1.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$590

APR

$1,157,500

MAY JUN

MEDIAN SALES PRICE

JUL

$397

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

5.6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.157 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 : March 2015

telesproperties.com


Monterey County

Carmel

Pacific Grove

Carmel Valley

Pebble Beach

Marina

Salinas

Monterey

Seaside

Micro Market Report : March 2015

telesproperties.com


County: MONTEREY Area: 3,771 SQ MILES Founded: 1850

Micro Market Report : March 2015

telesproperties.com


Carmel DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,250,000

$1,675,000

$1,200,000

$1,226,500

-1.9%

Average Price per Square Foot ...........................

$813

$906

$798

$801

-1.5%

Properties Sold .......................................................

20

17

13

24

20.0%

Properties Pending Sale .......................................

27

30

12

28

3.7%

Properties For Sale ................................................

153

145

113

144

-5.9%

Days on Market (Pending Sale) ...........................

122

69

70

137

12.3%

Month’s Supply of Inventory ................................

7.6

8.5

8.7

6

-21.6%

Percent Under Contract ........................................

17.6%

20.7%

10.6%

19.4%

10.2%

Average Median Price for Last 12 Months ........

$1,328,000

$1,439,192

$1,388,000

$1,395,204

5.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.250

APR

$1,226,500

MAY JUN

MEDIAN SALES PRICE

JUL

$801

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.226 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 : March 2015

telesproperties.com


Carmel Valley DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,093,750

$985,000

$944,500

$812,500

-25.7%

Average Price per Square Foot ...........................

$406

$390

$386

$409

0.7%

Properties Sold .......................................................

10

6

10

10

0.0%

Properties Pending Sale .......................................

24

6

11

8

-66.7%

Properties For Sale ................................................

102

92

87

61

-40.2%

Days on Market (Pending Sale) ...........................

93

40

101

140

50.5%

Month’s Supply of Inventory ................................

10.2

15.3

8.7

6.1

-40.2%

Percent Under Contract ........................................

23.5%

6.5%

12.6%

13.1%

-44.3%

Average Median Price for Last 12 Months ........

$994,000

$893,500

$941,667

$906,827

-8.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot $1.093

MAR APR

$812,500

MAY JUN

MEDIAN SALES PRICE

JUL

$409

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

6.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$812 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Marina DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$417,500

$481,150

$417,500

$438,000

4.9%

Average Price per Square Foot ...........................

$259

$260

$275

$288

11.2%

Properties Sold .......................................................

6

7

8

9

50.0%

Properties Pending Sale .......................................

7

13

10

11

57.1%

Properties For Sale ................................................

34

42

30

20

-41.2%

Days on Market (Pending Sale) ...........................

42

108

140

26

-38.1%

Month’s Supply of Inventory ................................

5.7

6

3.8

2.2

-60.8%

Percent Under Contract ........................................

20.6%

31.0%

33.3%

55.0%

167.1%

Average Median Price for Last 12 Months ........

$401,000

$425,817

$430,967

$429,350

7.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$417

APR

$438,000

MAY JUN

MEDIAN SALES PRICE

JUL

$288

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.2 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$438 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 : March 2015

telesproperties.com


Monterey DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$685,000

$664,500

$610,000

$650,000

-5.1%

Average Price per Square Foot ...........................

$356

$434

$347

$375

5.3%

Properties Sold .......................................................

13

24

15

23

76.9%

Properties Pending Sale .......................................

18

23

10

29

61.1%

Properties For Sale ................................................

116

136

95

100

-13.8%

Days on Market (Pending Sale) ...........................

77

52

112

105

36.4%

Month’s Supply of Inventory ................................

8.9

5.7

6.3

4.3

-51.3%

Percent Under Contract ........................................

15.5%

16.9%

10.5%

29.0%

86.9%

Average Median Price for Last 12 Months ........

$614,000

$655,925

$647,917

$672,273

9.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$685

APR

$650,000

MAY JUN

MEDIAN SALES PRICE

JUL

$375

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Pacific Grove DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$680,202

$774,000

$739,000

$815,000

19.8%

Average Price per Square Foot ...........................

$481

$528

$590

$590

22.7%

Properties Sold .......................................................

12

8

13

17

41.7%

Properties Pending Sale .......................................

15

13

13

17

13.3%

Properties For Sale ................................................

56

66

52

51

-8.9%

Days on Market (Pending Sale) ...........................

51

73

49

85

66.7%

Month’s Supply of Inventory ................................

4.7

8.2

4

3

-35.7%

Percent Under Contract ........................................

26.8%

19.7%

25.0%

33.3%

24.4%

Average Median Price for Last 12 Months ........

$705,000

$780,417

$799,500

$748,092

6.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$680

APR

$815,000

MAY JUN

MEDIAN SALES PRICE

JUL

$590

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$815 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 : March 2015

telesproperties.com


Pebble Beach DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$1,482,500

$1,570,000

$975,000

$1,348,000

-9.1%

Average Price per Square Foot ...........................

$510

$735

$686

$525

2.9%

Properties Sold .......................................................

10

15

7

9

-10.0%

Properties Pending Sale .......................................

16

12

6

14

-12.5%

Properties For Sale ................................................

83

84

73

88

6.0%

Days on Market (Pending Sale) ...........................

127

75

140

143

12.6%

Month’s Supply of Inventory ................................

8.3

5.6

10.4

9.8

17.8%

Percent Under Contract ........................................

19.3%

14.3%

8.2%

15.9%

-17.5%

Average Median Price for Last 12 Months ........

$1,508,000

$1,435,292

$1,724,750

$1,461,673

-3.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$1.482

APR

$1,348,000

MAY JUN

MEDIAN SALES PRICE

JUL

$525

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

9.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.348 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 : March 2015

telesproperties.com


Salinas DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$362,000

$389,000

$395,000

$420,000

16.0%

Average Price per Square Foot ...........................

$239

$253

$245

$247

3.3%

Properties Sold .......................................................

46

51

58

49

6.5%

Properties Pending Sale .......................................

61

57

39

67

9.8%

Properties For Sale ................................................

225

275

209

198

-12.0%

Days on Market (Pending Sale) ...........................

54

44

62

64

18.5%

Month’s Supply of Inventory ................................

4.9

5.4

3.6

4

-17.4%

Percent Under Contract ........................................

27.1%

20.7%

18.7%

33.8%

24.8%

Average Median Price for Last 12 Months ........

$346,000

$405,617

$410,817

$394,362

14.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$362

APR

$420,000

MAY JUN

MEDIAN SALES PRICE

JUL

$247

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$420 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )

Micro Market Report : March 2015

telesproperties.com


Seaside DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$399,000

$348,284

$390,000

$364,000

-8.8%

Average Price per Square Foot ...........................

$313

$294

$306

$302

-3.5%

Properties Sold .......................................................

7

19

17

17

142.9%

Properties Pending Sale .......................................

20

17

17

19

-5.0%

Properties For Sale ................................................

77

72

50

36

-53.2%

Days on Market (Pending Sale) ...........................

43

36

102

48

11.6%

Month’s Supply of Inventory ................................

11

3.8

2.9

2.1

-80.7%

Percent Under Contract ........................................

26.0%

23.6%

34.0%

52.8%

103.2%

Average Median Price for Last 12 Months ........

$340,000

$359,167

$333,333

$357,137

5.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$399

APR

$364,000

MAY JUN

MEDIAN SALES PRICE

JUL

$302

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

2.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$364 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 : March 2015

telesproperties.com


Condominiums

Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City

Micro Market Report : March 2015

telesproperties.com


County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY

Micro Market Report : March 2015

telesproperties.com


Beverly Center - Miracle Mile DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$645,000

$560,000

$600,000

$675,500

4.7%

Average Price per Square Foot ...........................

$509

$539

$513

$470

-7.7%

Properties Sold .......................................................

6

8

7

11

83.3%

Properties Pending Sale .......................................

10

6

6

12

20.0%

Properties For Sale ................................................

36

37

25

33

-8.3%

Days on Market (Pending Sale) ...........................

58

40

82

35

-39.7%

Month’s Supply of Inventory ................................

6

4.6

3.6

3

-50.0%

Percent Under Contract ........................................

27.8%

16.2%

24.0%

36.4%

30.9%

Average Median Price for Last 12 Months ........

$630,000

$680,283

$733,900

$648,246

2.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$645

APR

$675,500

MAY JUN

MEDIAN SALES PRICE

JUL

$470

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$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 : March 2015

telesproperties.com


Beverly Hills DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$850,000

$1,160,000

$1,005,000

$1,285,000

51.2%

Average Price per Square Foot ...........................

$630

$626

$572

$667

5.9%

Properties Sold .......................................................

6

13

7

16

166.7%

Properties Pending Sale .......................................

10

7

6

10

0.0%

Properties For Sale ................................................

62

52

50

50

-19.4%

Days on Market (Pending Sale) ...........................

69

71

59

67

-2.9%

Month’s Supply of Inventory ................................

10.3

4

7.1

3.1

-69.8%

Percent Under Contract ........................................

16.1%

13.5%

12.0%

20.0%

24.0%

Average Median Price for Last 12 Months ........

$929,000

$1,097,648

$1,127,963

$1,066,184

14.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$850

APR

$1,285,000

MAY JUN

MEDIAN SALES PRICE

JUL

$667

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

3.1 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$1.285 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 : March 2015

telesproperties.com


Brentwood DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$841,000

$810,000

$632,000

$819,000

-2.6%

Average Price per Square Foot ...........................

$561

$531

$498

$568

1.2%

Properties Sold .......................................................

14

23

14

15

7.1%

Properties Pending Sale .......................................

20

13

18

19

-5.0%

Properties For Sale ................................................

83

88

69

70

-15.7%

Days on Market (Pending Sale) ...........................

48

50

61

58

20.8%

Month’s Supply of Inventory ................................

5.9

3.8

4.9

4.7

-21.3%

Percent Under Contract ........................................

24.1%

14.8%

26.1%

27.1%

12.6%

Average Median Price for Last 12 Months ........

$679,000

$710,483

$675,300

$740,762

9.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$841

APR

$819,000

MAY JUN

MEDIAN SALES PRICE

JUL

$568

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

4.7 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$819 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 : March 2015

telesproperties.com


Culver City DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$479,000

$425,000

$404,000

$440,000

-8.1%

Average Price per Square Foot ...........................

$399

$369

$401

$405

1.5%

Properties Sold .......................................................

12

17

14

24

100.0%

Properties Pending Sale .......................................

17

15

20

19

11.8%

Properties For Sale ................................................

39

49

50

42

7.7%

Days on Market (Pending Sale) ...........................

23

43

50

23

0.0%

Month’s Supply of Inventory ................................

3.2

2.9

3.6

1.8

-46.2%

Percent Under Contract ........................................

43.6%

30.6%

40.0%

45.2%

3.8%

Average Median Price for Last 12 Months ........

$370,000

$411,833

$414,000

$415,558

12.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$479

APR

$440,000

MAY JUN

MEDIAN SALES PRICE

JUL

$405

AUG SEP

AVERAGE PRICE PER SQ FT

OCT NOV DEC

1.8 MONTH’S SUPPLY OF INVENTORY

JAN FEB MAR

$440 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 : March 2015

telesproperties.com


Encino DATA*

Mar 2014

6 month

3 month

Mar 2015

% change

Median Price ..........................................................

$283,000

$281,000

$312,000

$334,000

18.0%

Average Price per Square Foot ...........................

$267

$274

$262

$267

0.0%

Properties Sold .......................................................

14

14

24

20

42.9%

Properties Pending Sale .......................................

16

16

17

16

0.0%

Properties For Sale ................................................

37

48

38

43

16.2%

Days on Market (Pending Sale) ...........................

71

64

88

58

-18.3%

Month’s Supply of Inventory ................................

2.6

3.4

1.6

2.2

-18.6%

Percent Under Contract ........................................

43.2%

33.3%

44.7%

37.2%

-14.0%

Average Median Price for Last 12 Months ........

$286,615

$318,667

$319,667

$301,308

5.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

current market snapshot MAR

$283