micro market report luxury real estate market research May 2017 | LOS ANGELES, ORANGE, SANTA BARBARA, MONTEREY, RIVERSIDE, SAN DIEGO
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
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
Malibu Beach
Hermosa Beach
Calabasas
Bel Air - Holmby Hills
Marina del Rey
Manhattan Beach
Encino
Beverly Center - Miracle Mile
Mid Los Angeles
Palos Verdes Estates
Glendale
Beverly Hills
Mid Wilshire
Rancho Palos Verdes
La Crescenta North
Beverly Hills P.O.
Pacific Palisades
Redondo Beach - North
Hollywood
Beverlywood
Palms - Mar Vista
Redondo Beach - South
Shadow Hills
Brentwood
Playa del Rey
Rolling Hills
Sherman Oaks
Cheviot Hills - Rancho Park
Playa Vista
Rolling Hills Estates
Studio City
Culver City
Santa Monica
San Pedro
Sun Valley
Hancock Park - Wilshire
Sunset Strip - Hollywood Hills West
Torrance - County Strip
Sunland - Tujunga
Hollywood
Venice
Torrance - North
Tarzana
Hollywood Hills East
West Hollywood
Torrance - Southeast
Toluca Lake
Inglewood
West Los Angeles
Torrance - South
Valley Village
Ladera Heights
Westchester
Torrance - West
Westlake Village
Laurel Canyon
Westwood - Century City
San Fernando Macro
Woodland Hills
Los Feliz
South Bay Macro
Agoura Hills
San Gabriel Valley Macro
Malibu
El Segundo
Burbank
Altadena
Micro Market Report : May 2017
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Arcadia Duarte La Canada Flintridge Monrovia Pasadena San Gabriel San Marino Sierra Madre South Pasadena
Micro Market Report : May 2017
telesproperties.com
Los Angeles County DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$585,000
$585,000
$580,000
$618,000
5.6%
Average Price per Square Foot ...........................
$448
$448
$455
$472
5.4%
Properties Sold .......................................................
4481
3978
2891
4734
5.6%
Properties Pending Sale .......................................
5231
4144
4093
5577
6.6%
Properties For Sale ................................................
17,971
16,850
14,644
17,609
-2.0%
Days on Market (Pending Sale) ...........................
40
47
44
33
-17.5%
Month’s Supply of Inventory ................................
4
4.2
5.1
3.7
-7.3%
Percent Under Contract ........................................
29.1%
24.6%
28.0%
31.7%
8.8%
Average Median Price for Last 12 Months ........
$551,394
$593,917
$609,333
$591,500
6.8%
*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 MAY
$585
JUN
$618,000
JUL AUG
MEDIAN SALES PRICE
SEP
$472
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$618 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Bel-Air Holmby Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,085,000
$1,520,000
$2,390,000
$3,995,000
91.6%
Average Price per Square Foot ...........................
$1,140
$900
$1,120
$983
-13.8%
Properties Sold .......................................................
16
17
11
13
-18.8%
Properties Pending Sale .......................................
17
11
16
24
41.2%
Properties For Sale ................................................
151
160
139
175
15.9%
Days on Market (Pending Sale) ...........................
63
48
82
95
50.8%
Month’s Supply of Inventory ................................
9.4
9.4
12.6
13.5
42.6%
Percent Under Contract ........................................
11.3%
6.9%
11.5%
13.7%
21.8%
Average Median Price for Last 12 Months ........
$2,187,313
$2,226,421
$2,712,009
$2,196,040
0.4%
*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 MAY
$2.085
JUN
$3,995,000
JUL AUG
MEDIAN SALES PRICE
SEP
$983
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,065,000
$1,382,000
$1,575,000
$2,614,000
145.4%
Average Price per Square Foot ...........................
$773
$668
$737
$792
2.5%
Properties Sold .......................................................
14
17
23
17
21.4%
Properties Pending Sale .......................................
17
19
23
23
35.3%
Properties For Sale ................................................
78
94
86
92
17.9%
Days on Market (Pending Sale) ...........................
40
69
59
31
-22.5%
Month’s Supply of Inventory ................................
5.6
5.5
3.7
5.4
-2.9%
Percent Under Contract ........................................
21.8%
20.2%
26.7%
25.0%
14.7%
Average Median Price for Last 12 Months ........
$1,470,854
$1,710,219
$1,856,271
$1,617,370
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 MAY
$1.065
JUN
$2,614,000
JUL AUG
MEDIAN SALES PRICE
SEP
$792
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.614 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Beverly Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$3,655,000
$6,150,000
$6,700,000
$5,620,000
53.8%
Average Price per Square Foot ...........................
$1,443
$1,747
$1,411
$1,492
3.4%
Properties Sold .......................................................
10
11
9
21
110.0%
Properties Pending Sale .......................................
17
10
9
14
-17.6%
Properties For Sale ................................................
123
122
100
102
-17.1%
Days on Market (Pending Sale) ...........................
73
44
44
37
-49.3%
Month’s Supply of Inventory ................................
12.3
11.1
11.1
4.9
-60.5%
Percent Under Contract ........................................
13.8%
8.2%
9.0%
13.7%
-0.7%
Average Median Price for Last 12 Months ........
$4,884,532
$5,820,000
$5,606,667
$5,204,666
6.2%
*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 MAY
$3.655
JUN
$5,620,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,492
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.620 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Beverly Hills- Post Office DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,155,000
$2,850,000
$2,820,590
$2,949,000
36.8%
Average Price per Square Foot ...........................
$916
$935
$875
$897
-2.1%
Properties Sold .......................................................
13
14
8
23
76.9%
Properties Pending Sale .......................................
14
10
4
24
71.4%
Properties For Sale ................................................
176
183
145
189
7.4%
Days on Market (Pending Sale) ...........................
48
56
93
79
64.6%
Month’s Supply of Inventory ................................
13.5
13.1
18.1
8.2
-39.3%
Percent Under Contract ........................................
8.0%
5.5%
2.8%
12.7%
59.6%
Average Median Price for Last 12 Months ........
$2,766,292
$3,435,265
$4,421,000
$3,133,068
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 MAY
$2.155
JUN
$2,949,000
JUL AUG
MEDIAN SALES PRICE
SEP
$897
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.949 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Beverlywood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,330,000
$1,268,500
$1,102,000
$1,677,776
26.1%
Average Price per Square Foot ...........................
$697
$629
$634
$779
11.8%
Properties Sold .......................................................
23
18
12
22
-4.3%
Properties Pending Sale .......................................
24
19
18
19
-20.8%
Properties For Sale ................................................
82
53
48
45
-45.1%
Days on Market (Pending Sale) ...........................
29
39
47
26
-10.3%
Month’s Supply of Inventory ................................
3.6
2.9
4
2
-42.6%
Percent Under Contract ........................................
29.3%
35.8%
37.5%
42.2%
44.3%
Average Median Price for Last 12 Months ........
$1,156,299
$1,296,055
$1,382,259
$1,276,547
9.4%
*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 MAY
$1.330
JUN
$1,677,776
JUL AUG
MEDIAN SALES PRICE
SEP
$779
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Brentwood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$3,726,000
$2,924,000
$6,000,000
$2,828,170
-24.1%
Average Price per Square Foot ...........................
$956
$1,019
$1,092
$1,025
7.2%
Properties Sold .......................................................
28
20
15
19
-32.1%
Properties Pending Sale .......................................
18
21
10
35
94.4%
Properties For Sale ................................................
161
141
112
155
-3.7%
Days on Market (Pending Sale) ...........................
44
59
48
37
-15.9%
Month’s Supply of Inventory ................................
5.8
7
7.5
8.2
41.9%
Percent Under Contract ........................................
11.2%
14.9%
8.9%
22.6%
102.0%
Average Median Price for Last 12 Months ........
$2,929,281
$3,458,028
$3,017,723
$3,239,090
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 MAY
$3.726
JUN
$2,828,170
JUL AUG
MEDIAN SALES PRICE
SEP
$1,025
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.828 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Cheviot Hills - Rancho Park DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,815,000
$1,696,500
$1,775,000
$2,725,000
-3.2%
Average Price per Square Foot ...........................
$802
$798
$891
$863
7.6%
Properties Sold .......................................................
8
6
3
16
100.0%
Properties Pending Sale .......................................
7
4
12
9
28.6%
Properties For Sale ................................................
27
29
30
30
11.1%
Days on Market (Pending Sale) ...........................
30
46
48
27
-10.0%
Month’s Supply of Inventory ................................
3.4
4.8
10
1.9
-44.4%
Percent Under Contract ........................................
25.9%
13.8%
40.0%
30.0%
15.7%
Average Median Price for Last 12 Months ........
$1,857,976
$2,160,333
$2,450,667
$2,097,962
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 MAY
$2.815
JUN
$2,725,000
JUL AUG
MEDIAN SALES PRICE
SEP
$863
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Culver City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,059,000
$1,163,500
$1,140,000
$1,077,500
1.7%
Average Price per Square Foot ...........................
$756
$740
$792
$741
-2.0%
Properties Sold .......................................................
21
14
7
18
-14.3%
Properties Pending Sale .......................................
25
16
17
26
4.0%
Properties For Sale ................................................
68
51
49
58
-14.7%
Days on Market (Pending Sale) ...........................
62
26
47
32
-48.4%
Month’s Supply of Inventory ................................
3.2
3.6
7
3.2
-0.5%
Percent Under Contract ........................................
36.8%
31.4%
34.7%
44.8%
21.9%
Average Median Price for Last 12 Months ........
$1,052,500
$1,195,042
$1,237,833
$1,156,192
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 MAY
$1.059
JUN
$1,077,500
JUL AUG
MEDIAN SALES PRICE
SEP
$741
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.077 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Downtown DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$315,000
$298,888
$379,000
$376,250
19.4%
Average Price per Square Foot ...........................
$229
$282
$275
$324
41.5%
Properties Sold .......................................................
11
9
5
14
27.3%
Properties Pending Sale .......................................
12
7
15
12
0.0%
Properties For Sale ................................................
48
47
49
52
8.3%
Days on Market (Pending Sale) ...........................
45
85
35
40
-11.1%
Month’s Supply of Inventory ................................
4.4
5.2
9.8
3.7
-14.9%
Percent Under Contract ........................................
25.0%
14.9%
30.6%
23.1%
-7.7%
Average Median Price for Last 12 Months ........
$305,524
$391,117
$410,083
$358,084
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 MAY
$315
JUN
$376,250
JUL AUG
MEDIAN SALES PRICE
SEP
$324
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$376 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Hancock Park - Wilshire DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,697,000
$1,787,500
$1,500,000
$1,417,000
-16.5%
Average Price per Square Foot ...........................
$666
$650
$693
$667
0.2%
Properties Sold .......................................................
19
28
20
26
36.8%
Properties Pending Sale .......................................
28
27
21
32
14.3%
Properties For Sale ................................................
112
118
91
113
0.9%
Days on Market (Pending Sale) ...........................
49
63
55
39
-20.4%
Month’s Supply of Inventory ................................
5.9
4.2
4.6
4.3
-26.3%
Percent Under Contract ........................................
25.0%
22.9%
23.1%
28.3%
13.3%
Average Median Price for Last 12 Months ........
$1,466,203
$1,756,190
$1,673,583
$1,665,097
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 MAY
$1.697
JUN
$1,417,000
JUL AUG
MEDIAN SALES PRICE
SEP
$667
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.417 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Hollywood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$739,000
$625,000
$777,049
$1,215,000
64.4%
Average Price per Square Foot ...........................
$559
$565
$584
$664
18.8%
Properties Sold .......................................................
10
3
4
5
-50.0%
Properties Pending Sale .......................................
12
6
3
11
-8.3%
Properties For Sale ................................................
39
44
39
45
15.4%
Days on Market (Pending Sale) ...........................
45
65
23
67
48.9%
Month’s Supply of Inventory ................................
3.9
14.7
9.8
9
130.8%
Percent Under Contract ........................................
30.8%
13.6%
7.7%
24.4%
-20.6%
Average Median Price for Last 12 Months ........
$959,559
$912,675
$970,000
$895,465
-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 MAY
$739
JUN
$1,215,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.215 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Hollywood Hills East DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,425,000
$1,453,000
$1,206,500
$1,356,000
-4.8%
Average Price per Square Foot ...........................
$678
$667
$582
$648
-4.4%
Properties Sold .......................................................
19
18
10
13
-31.6%
Properties Pending Sale .......................................
17
12
9
15
-11.8%
Properties For Sale ................................................
62
85
80
96
54.8%
Days on Market (Pending Sale) ...........................
65
61
61
49
-24.6%
Month’s Supply of Inventory ................................
3.6
7.1
8.9
7.4
102.5%
Percent Under Contract ........................................
27.4%
14.1%
11.2%
15.6%
-43.0%
Average Median Price for Last 12 Months ........
$1,245,017
$1,417,625
$1,529,083
$1,488,263
16.3%
*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 MAY
$1.425
JUN
$1,356,000
JUL AUG
MEDIAN SALES PRICE
SEP
$648
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.356 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Inglewood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$415,000
$469,900
$460,000
$485,000
16.9%
Average Price per Square Foot ...........................
$308
$363
$331
$381
23.7%
Properties Sold .......................................................
23
23
12
22
-4.3%
Properties Pending Sale .......................................
24
16
20
35
45.8%
Properties For Sale ................................................
76
54
68
73
-3.9%
Days on Market (Pending Sale) ...........................
43
26
19
23
-46.5%
Month’s Supply of Inventory ................................
3.2
3.4
3.4
3.3
4.8%
Percent Under Contract ........................................
31.6%
29.6%
29.4%
47.9%
51.8%
Average Median Price for Last 12 Months ........
$419,946
$488,063
$510,292
$475,637
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 MAY
$415
JUN
$485,000
JUL AUG
MEDIAN SALES PRICE
SEP
$381
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Ladera Heights DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$832,500
$1,550,000
$1,090,000
$1,058,500
27.1%
Average Price per Square Foot ...........................
$280
$289
$456
$464
65.7%
Properties Sold .......................................................
1
1
3
6
500.0%
Properties Pending Sale .......................................
4
3
6
5
25.0%
Properties For Sale ................................................
20
18
19
26
30.0%
Days on Market (Pending Sale) ...........................
118
42
50
26
-78.0%
Month’s Supply of Inventory ................................
5
6
3.2
4.3
-13.3%
Percent Under Contract ........................................
20.0%
16.7%
31.6%
19.2%
-3.8%
Average Median Price for Last 12 Months ........
$962,470
$1,022,042
$1,053,250
$1,020,865
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 MAY
$832
JUN
$1,058,500
JUL AUG
MEDIAN SALES PRICE
SEP
$464
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Laurel Canyon DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,650,000
$1,629,000
$1,320,300
$2,018,750
22.3%
Average Price per Square Foot ...........................
$760
$741
$693
$773
1.7%
Properties Sold .......................................................
15
17
24
24
60.0%
Properties Pending Sale .......................................
17
22
25
34
100.0%
Properties For Sale ................................................
149
186
143
170
14.1%
Days on Market (Pending Sale) ...........................
45
50
48
39
-13.3%
Month’s Supply of Inventory ................................
8.8
8.5
5.7
5
-43.0%
Percent Under Contract ........................................
11.4%
11.8%
17.5%
20.0%
75.3%
Average Median Price for Last 12 Months ........
$1,469,978
$1,625,342
$1,742,250
$1,658,680
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 MAY
$1.650
JUN
$2,018,750
JUL AUG
MEDIAN SALES PRICE
SEP
$773
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.018 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Los Feliz DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,435,000
$1,676,287
$1,732,500
$1,425,000
-0.7%
Average Price per Square Foot ...........................
$659
$655
$661
$776
17.8%
Properties Sold .......................................................
17
12
10
23
35.3%
Properties Pending Sale .......................................
21
13
16
18
-14.3%
Properties For Sale ................................................
80
103
81
96
20.0%
Days on Market (Pending Sale) ...........................
69
84
39
24
-65.2%
Month’s Supply of Inventory ................................
3.8
7.9
5.1
4.2
9.6%
Percent Under Contract ........................................
26.2%
12.6%
19.8%
18.8%
-28.6%
Average Median Price for Last 12 Months ........
$1,541,867
$1,553,854
$1,428,333
$1,560,224
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 MAY
$1.435
JUN
$1,425,000
JUL AUG
MEDIAN SALES PRICE
SEP
$776
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.425 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Malibu DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$3,150,000
$2,375,000
$2,737,500
$2,380,000
-24.4%
Average Price per Square Foot ...........................
$874
$924
$1,132
$962
10.1%
Properties Sold .......................................................
21
11
12
11
-47.6%
Properties Pending Sale .......................................
17
14
12
16
-5.9%
Properties For Sale ................................................
223
228
194
225
0.9%
Days on Market (Pending Sale) ...........................
172
135
155
145
-15.7%
Month’s Supply of Inventory ................................
10.6
20.7
16.2
20.5
92.6%
Percent Under Contract ........................................
7.6%
6.1%
6.2%
7.1%
-6.7%
Average Median Price for Last 12 Months ........
$2,409,303
$3,089,083
$3,149,000
$2,768,385
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 $3.150
MAY JUN
$2,380,000
JUL AUG
MEDIAN SALES PRICE
SEP
$962
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
20.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Malibu Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$10,997,500
$8,625,000
$11,912,000
$6,500,000
-40.9%
Average Price per Square Foot ...........................
$4,718
$2,182
$2,360
$2,111
-55.3%
Properties Sold .......................................................
4
2
2
5
25.0%
Properties Pending Sale .......................................
5
2
4
5
0.0%
Properties For Sale ................................................
106
78
70
98
-7.5%
Days on Market (Pending Sale) ...........................
129
214
141
99
-23.3%
Month’s Supply of Inventory ................................
26.5
39
35
19.6
-26.0%
Percent Under Contract ........................................
4.7%
2.6%
5.7%
5.1%
8.2%
Average Median Price for Last 12 Months ........
$7,245,000
$9,188,791
$7,859,500
$7,555,134
4.1%
*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 $10.997
MAY JUN
$6,500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$2,111
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
19.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$6.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Marina Del Rey DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,000,000
$1,400,000
$1,559,500
$1,567,000
56.7%
Average Price per Square Foot ...........................
$787
$854
$853
$805
2.3%
Properties Sold .......................................................
7
5
6
9
28.6%
Properties Pending Sale .......................................
7
5
6
12
71.4%
Properties For Sale ................................................
36
25
27
42
16.7%
Days on Market (Pending Sale) ...........................
52
32
46
36
-30.8%
Month’s Supply of Inventory ................................
5.1
5
4.5
4.7
-9.3%
Percent Under Contract ........................................
19.4%
20.0%
22.2%
28.6%
46.9%
Average Median Price for Last 12 Months ........
$1,396,729
$1,399,667
$1,496,333
$1,512,733
7.7%
*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 MAY
$1.000
JUN
$1,567,000
JUL AUG
MEDIAN SALES PRICE
SEP
$805
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.567 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Mid Los Angeles DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$621,500
$613,750
$665,000
$733,750
18.1%
Average Price per Square Foot ...........................
$384
$422
$434
$432
12.5%
Properties Sold .......................................................
46
28
23
40
-13.0%
Properties Pending Sale .......................................
45
32
26
41
-8.9%
Properties For Sale ................................................
143
129
107
130
-9.1%
Days on Market (Pending Sale) ...........................
35
42
39
27
-22.9%
Month’s Supply of Inventory ................................
3.1
4.6
4.7
3.2
4.5%
Percent Under Contract ........................................
31.5%
24.8%
24.3%
31.5%
0.2%
Average Median Price for Last 12 Months ........
$562,296
$659,875
$678,083
$635,998
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 MAY
$621
JUN
$733,750
JUL AUG
MEDIAN SALES PRICE
SEP
$432
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$733 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Mid Wilshire DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$750,000
$750,750
$857,500
$940,000
25.3%
Average Price per Square Foot ...........................
$440
$389
$489
$489
11.1%
Properties Sold .......................................................
5
3
6
3
-40.0%
Properties Pending Sale .......................................
2
3
5
10
400.0%
Properties For Sale ................................................
19
25
24
26
36.8%
Days on Market (Pending Sale) ...........................
40
21
18
34
-15.0%
Month’s Supply of Inventory ................................
3.8
8.3
4
8.7
128.1%
Percent Under Contract ........................................
10.5%
12.0%
20.8%
38.5%
265.4%
Average Median Price for Last 12 Months ........
$705,150
$850,583
$865,833
$851,212
17.2%
*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 MAY
$750
JUN
$940,000
JUL AUG
MEDIAN SALES PRICE
SEP
$489
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$940 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Pacific Palisades DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,375,000
$3,250,000
$2,895,000
$3,416,975
43.9%
Average Price per Square Foot ...........................
$1,053
$864
$1,024
$1,168
10.9%
Properties Sold .......................................................
25
15
17
28
12.0%
Properties Pending Sale .......................................
29
7
22
30
3.4%
Properties For Sale ................................................
148
138
98
140
-5.4%
Days on Market (Pending Sale) ...........................
46
50
65
48
4.3%
Month’s Supply of Inventory ................................
5.9
9.2
5.8
5
-15.5%
Percent Under Contract ........................................
19.6%
5.1%
22.4%
21.4%
9.4%
Average Median Price for Last 12 Months ........
$2,735,156
$3,167,880
$2,950,593
$2,997,882
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 MAY
$2.375
JUN
$3,416,975
JUL AUG
MEDIAN SALES PRICE
SEP
$1,168
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.416 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Palms - Mar Vista DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,320,650
$1,520,000
$1,650,000
$1,328,018
0.6%
Average Price per Square Foot ...........................
$734
$737
$768
$799
8.9%
Properties Sold .......................................................
35
33
16
28
-20.0%
Properties Pending Sale .......................................
48
23
24
42
-12.5%
Properties For Sale ................................................
106
73
68
96
-9.4%
Days on Market (Pending Sale) ...........................
26
54
35
24
-7.7%
Month’s Supply of Inventory ................................
3
2.2
4.2
3.4
13.2%
Percent Under Contract ........................................
45.3%
31.5%
35.3%
43.8%
-3.4%
Average Median Price for Last 12 Months ........
$1,250,752
$1,447,920
$1,376,006
$1,413,936
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 MAY
$1.320
JUN
$1,328,018
JUL AUG
MEDIAN SALES PRICE
SEP
$799
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.328 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Playa Del Rey DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,320,250
$1,395,000
$0
$1,860,000
40.9%
Average Price per Square Foot ...........................
$544
$614
$0
$717
31.8%
Properties Sold .......................................................
6
6
0
8
33.3%
Properties Pending Sale .......................................
5
4
5
6
20.0%
Properties For Sale ................................................
18
18
19
18
0.0%
Days on Market (Pending Sale) ...........................
28
38
48
16
-42.9%
Month’s Supply of Inventory ................................
3
3
n/a
2.2
-25.0%
Percent Under Contract ........................................
27.8%
22.2%
26.3%
33.3%
20.0%
Average Median Price for Last 12 Months ........
$1,585,731
$1,627,900
$1,755,000
$1,504,958
-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 MAY
$1.320
JUN
$1,860,000
JUL AUG
MEDIAN SALES PRICE
SEP
$717
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.860 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 : May 2017
telesproperties.com
Playa Vista DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,623,000
$1,920,000
$2,552,000
$1,868,000
15.1%
Average Price per Square Foot ...........................
$619
$784
$780
$760
22.8%
Properties Sold .......................................................
2
1
2
5
150.0%
Properties Pending Sale .......................................
2
0
2
4
100.0%
Properties For Sale ................................................
9
5
13
14
55.6%
Days on Market (Pending Sale) ...........................
100
0
50
76
-24.0%
Month’s Supply of Inventory ................................
4.5
5
6.5
0.3
-93.7%
Percent Under Contract ........................................
22.2%
0.0%
15.4%
28.6%
28.6%
Average Median Price for Last 12 Months ........
$1,221,083
$2,088,333
$1,946,000
$1,977,604
62.0%
*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 MAY
$1.623
JUN
$1,868,000
JUL AUG
MEDIAN SALES PRICE
SEP
$760
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.868 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santa Monica DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,450,000
$2,680,000
$2,552,000
$2,307,500
-5.8%
Average Price per Square Foot ...........................
$990
$1,231
$780
$1,154
16.6%
Properties Sold .......................................................
25
15
2
16
-36.0%
Properties Pending Sale .......................................
26
20
2
24
-7.7%
Properties For Sale ................................................
104
80
13
84
-19.2%
Days on Market (Pending Sale) ...........................
47
35
50
39
-17.0%
Month’s Supply of Inventory ................................
4.2
5.3
6.5
5.2
26.2%
Percent Under Contract ........................................
25.0%
25.0%
15.4%
28.6%
14.3%
Average Median Price for Last 12 Months ........
$2,471,925
$2,260,083
$2,128,500
$2,330,957
-6.0%
*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 MAY
$2.450
JUN
$2,307,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,154
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.307 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,907,500
$1,737,500
$1,900,000
$2,195,000
15.1%
Average Price per Square Foot ...........................
$809
$759
$857
$786
-2.8%
Properties Sold .......................................................
28
30
35
38
35.7%
Properties Pending Sale .......................................
31
37
47
56
80.6%
Properties For Sale ................................................
308
340
295
352
14.3%
Days on Market (Pending Sale) ...........................
48
87
53
49
2.1%
Month’s Supply of Inventory ................................
11
11.3
8.4
9.3
-15.8%
Percent Under Contract ........................................
10.1%
10.9%
15.9%
15.9%
58.1%
Average Median Price for Last 12 Months ........
$1,718,833
$1,813,123
$1,879,629
$1,797,595
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 MAY
$1.907
JUN
$2,195,000
JUL AUG
MEDIAN SALES PRICE
SEP
$786
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.195 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 : May 2017
telesproperties.com
Venice DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,983,592
$2,100,000
$1,673,000
$2,232,500
12.5%
Average Price per Square Foot ...........................
$1,064
$1,123
$1,036
$1,075
1.0%
Properties Sold .......................................................
18
17
13
14
-22.2%
Properties Pending Sale .......................................
27
17
22
22
-18.5%
Properties For Sale ................................................
94
111
100
97
3.2%
Days on Market (Pending Sale) ...........................
59
46
49
31
-47.5%
Month’s Supply of Inventory ................................
5.2
6.5
7.7
6.9
32.7%
Percent Under Contract ........................................
28.7%
15.3%
22.0%
22.7%
-21.0%
Average Median Price for Last 12 Months ........
$1,799,266
$1,874,138
$2,086,667
$1,881,556
4.6%
*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 MAY
$1.983
JUN
$2,232,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,075
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.232 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
West Hollywood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,700,000
$1,668,000
$1,700,000
$1,443,250
-15.1%
Average Price per Square Foot ...........................
$925
$935
$890
$1,057
14.3%
Properties Sold .......................................................
13
13
9
10
-23.1%
Properties Pending Sale .......................................
9
14
8
14
55.6%
Properties For Sale ................................................
60
67
52
65
8.3%
Days on Market (Pending Sale) ...........................
28
48
67
31
10.7%
Month’s Supply of Inventory ................................
4.6
5.2
5.8
6.5
40.8%
Percent Under Contract ........................................
15.0%
20.9%
15.4%
21.5%
43.6%
Average Median Price for Last 12 Months ........
$1,463,753
$1,625,875
$1,463,417
$1,600,406
8.5%
*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 MAY
$1.700
JUN
$1,443,250
JUL AUG
MEDIAN SALES PRICE
SEP
$1,057
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.443 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
West Los Angeles DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$942,000
$1,103,750
$1,032,500
$1,100,000
16.8%
Average Price per Square Foot ...........................
$657
$597
$606
$830
26.3%
Properties Sold .......................................................
10
8
6
9
-10.0%
Properties Pending Sale .......................................
11
10
8
10
-9.1%
Properties For Sale ................................................
44
39
36
44
0.0%
Days on Market (Pending Sale) ...........................
38
36
27
19
-50.0%
Month’s Supply of Inventory ................................
4.4
4.9
6
4.9
11.1%
Percent Under Contract ........................................
25.0%
25.6%
22.2%
22.7%
-9.1%
Average Median Price for Last 12 Months ........
$1,046,877
$1,069,167
$1,163,333
$1,038,712
-0.8%
*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 MAY
$942
JUN
$1,100,000
JUL AUG
MEDIAN SALES PRICE
SEP
$830
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Westchester DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,144,500
$1,150,000
$1,056,000
$1,075,000
-6.1%
Average Price per Square Foot ...........................
$616
$651
$663
$669
8.6%
Properties Sold .......................................................
21
22
25
35
66.7%
Properties Pending Sale .......................................
34
26
16
42
23.5%
Properties For Sale ................................................
74
84
53
99
33.8%
Days on Market (Pending Sale) ...........................
26
42
29
28
7.7%
Month’s Supply of Inventory ................................
3.5
3.8
2.1
2.8
-19.7%
Percent Under Contract ........................................
45.9%
31.0%
30.2%
42.4%
-7.7%
Average Median Price for Last 12 Months ........
$972,744
$1,069,750
$1,137,500
$1,093,688
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 MAY
$1.144
JUN
$1,075,000
JUL AUG
MEDIAN SALES PRICE
SEP
$669
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Westwood - Century City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,262,630
$1,850,000
$1,530,000
$2,107,640
-6.8%
Average Price per Square Foot ...........................
$839
$804
$900
$882
5.1%
Properties Sold .......................................................
20
17
13
18
-10.0%
Properties Pending Sale .......................................
17
16
14
19
11.8%
Properties For Sale ................................................
75
62
46
70
-6.7%
Days on Market (Pending Sale) ...........................
35
27
18
42
20.0%
Month’s Supply of Inventory ................................
3.8
3.6
3.5
3.9
3.7%
Percent Under Contract ........................................
22.7%
25.8%
30.4%
27.1%
19.7%
Average Median Price for Last 12 Months ........
$1,761,301
$2,029,618
$2,307,569
$2,007,141
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 MAY
$2.262
JUN
$2,107,640
JUL AUG
MEDIAN SALES PRICE
SEP
$882
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.107 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
South Bay Macro Market DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,214,197
$1,180,377
$1,254,725
$1,338,533
10.2%
Average Price per Square Foot ...........................
$607
$600
$580
$680
12.0%
Properties Sold .......................................................
287
209
152
270
-5.9%
Properties Pending Sale .......................................
294
214
216
324
10.2%
Properties For Sale ................................................
1,017
805
712
1,011
-0.6%
Days on Market (Pending Sale) ...........................
45
46
42
25
-44.4%
Month’s Supply of Inventory ................................
3.5
3.9
4.7
3.7
5.7%
Percent Under Contract ........................................
28.9%
26.6%
30.3%
32.0%
10.9%
Average Median Price for Last 12 Months ........
$1,227,056
$1,324,750
$1,271,309
$1,306,778
6.5%
*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 MAY
$1.214
JUN
$1,338,533
JUL AUG
MEDIAN SALES PRICE
SEP
$680
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.338 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
El Segundo DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,220,000
$1,410,000
$1,391,125
$1,212,500
-0.6%
Average Price per Square Foot ...........................
$620
$739
$536
$784
26.5%
Properties Sold .......................................................
13
7
4
4
-69.2%
Properties Pending Sale .......................................
10
3
5
3
-70.0%
Properties For Sale ................................................
32
11
16
20
-37.5%
Days on Market (Pending Sale) ...........................
47
17
17
30
-36.2%
Month’s Supply of Inventory ................................
2.5
1.6
4
5
103.1%
Percent Under Contract ........................................
31.2%
27.3%
31.2%
15.0%
-52.0%
Average Median Price for Last 12 Months ........
$1,153,833
$1,317,688
$1,240,833
$1,293,352
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 MAY
$1.220
JUN
$1,212,500
JUL AUG
MEDIAN SALES PRICE
SEP
$784
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.212 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Hermosa Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,574,500
$1,585,000
$1,260,000
$2,750,000
74.7%
Average Price per Square Foot ...........................
$1,077
$1,129
$475
$1,570
45.8%
Properties Sold .......................................................
12
9
2
13
8.3%
Properties Pending Sale .......................................
9
7
7
13
44.4%
Properties For Sale ................................................
58
44
35
51
-12.1%
Days on Market (Pending Sale) ...........................
39
13
54
19
-51.3%
Month’s Supply of Inventory ................................
4.8
4.9
17.5
3.9
-18.8%
Percent Under Contract ........................................
15.5%
15.9%
20.0%
25.5%
64.3%
Average Median Price for Last 12 Months ........
$1,795,115
$1,900,192
$2,097,050
$1,773,069
-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 MAY
$1.574
JUN
$2,750,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,570
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.750 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 : May 2017
telesproperties.com
Manhattan Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,500,000
$2,250,000
$1,575,500
$2,200,000
-12.0%
Average Price per Square Foot ...........................
$1,131
$863
$1,061
$1,126
-0.4%
Properties Sold .......................................................
35
24
12
39
11.4%
Properties Pending Sale .......................................
29
21
24
50
72.4%
Properties For Sale ................................................
153
120
126
153
0.0%
Days on Market (Pending Sale) ...........................
42
43
53
31
-26.2%
Month’s Supply of Inventory ................................
4.4
5
10.5
3.9
-10.3%
Percent Under Contract ........................................
19.0%
17.5%
19.0%
32.7%
72.4%
Average Median Price for Last 12 Months ........
$2,222,750
$2,218,417
$2,348,333
$2,232,500
0.4%
*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 MAY
$2.500
JUN
$2,200,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,126
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.200 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 : May 2017
telesproperties.com
Palos Verdes Estates DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,724,500
$1,862,500
$1,720,000
$1,900,000
10.2%
Average Price per Square Foot ...........................
$728
$757
$707
$668
-8.2%
Properties Sold .......................................................
20
12
15
21
5.0%
Properties Pending Sale .......................................
16
20
26
16
0.0%
Properties For Sale ................................................
87
79
86
100
14.9%
Days on Market (Pending Sale) ...........................
44
68
59
31
-29.5%
Month’s Supply of Inventory ................................
4.4
6.6
5.7
4.8
9.5%
Percent Under Contract ........................................
18.4%
25.3%
30.2%
16.0%
-13.0%
Average Median Price for Last 12 Months ........
$1,758,246
$1,853,933
$1,892,500
$1,933,162
9.9%
*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 MAY
$1.724
JUN
$1,900,000
JUL AUG
MEDIAN SALES PRICE
SEP
$668
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.900 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Rancho Palos Verdes DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,335,000
$1,270,000
$1,182,250
$1,350,000
1.1%
Average Price per Square Foot ...........................
$580
$567
$572
$579
-0.2%
Properties Sold .......................................................
35
34
16
41
17.1%
Properties Pending Sale .......................................
56
28
23
56
0.0%
Properties For Sale ................................................
181
134
103
170
-6.1%
Days on Market (Pending Sale) ...........................
40
105
43
31
-22.5%
Month’s Supply of Inventory ................................
5.2
3.9
6.4
4.1
-19.8%
Percent Under Contract ........................................
30.9%
20.9%
22.3%
32.9%
6.5%
Average Median Price for Last 12 Months ........
$1,219,757
$1,304,208
$1,343,500
$1,294,346
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 MAY
$1.335
JUN
$1,350,000
JUL AUG
MEDIAN SALES PRICE
SEP
$579
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Redondo Beach- North DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$850,500
$928,500
$900,000
$1,005,000
18.2%
Average Price per Square Foot ...........................
$581
$575
$627
$643
10.7%
Properties Sold .......................................................
25
16
11
20
-20.0%
Properties Pending Sale .......................................
9
14
16
25
177.8%
Properties For Sale ................................................
28
34
35
54
92.9%
Days on Market (Pending Sale) ...........................
19
25
24
23
21.1%
Month’s Supply of Inventory ................................
1.1
2.1
3.2
2.7
141.1%
Percent Under Contract ........................................
32.1%
41.2%
45.7%
46.3%
44.0%
Average Median Price for Last 12 Months ........
$873,652
$952,500
$950,000
$945,846
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$850
JUN
$1,005,000
JUL AUG
MEDIAN SALES PRICE
SEP
$643
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.005 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Redondo Beach- South DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,436,000
$1,569,975
$1,455,500
$1,449,500
0.9%
Average Price per Square Foot ...........................
$664
$706
$589
$781
17.6%
Properties Sold .......................................................
15
10
12
14
-6.7%
Properties Pending Sale .......................................
24
12
14
18
-25.0%
Properties For Sale ................................................
60
37
41
65
8.3%
Days on Market (Pending Sale) ...........................
22
56
11
14
-36.4%
Month’s Supply of Inventory ................................
4
3.7
3.4
4.6
16.1%
Percent Under Contract ........................................
40.0%
32.4%
34.1%
27.7%
-30.8%
Average Median Price for Last 12 Months ........
$1,287,354
$1,426,333
$1,419,167
$1,385,767
7.6%
*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 MAY
$1.436
JUN
$1,449,500
JUL AUG
MEDIAN SALES PRICE
SEP
$781
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.449 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Rolling Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,000,000
$0
$3,541,250
$2,450,000
22.5%
Average Price per Square Foot ...........................
$582
$0
$838
$834
43.3%
Properties Sold .......................................................
3
0
2
1
-66.7%
Properties Pending Sale .......................................
3
2
1
2
-33.3%
Properties For Sale ................................................
24
30
26
31
29.2%
Days on Market (Pending Sale) ...........................
154
100
74
24
-84.4%
Month’s Supply of Inventory ................................
8
n/a
13
31
287.5%
Percent Under Contract ........................................
12.5%
6.7%
3.8%
6.5%
-48.4%
Average Median Price for Last 12 Months ........
$2,731,804
$3,106,875
$2,198,333
$3,030,375
10.9%
*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 MAY
$2.000
JUN
$2,450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$834
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
31 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.450 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 : May 2017
telesproperties.com
Rolling Hills Estates DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,360,000
$1,549,650
$1,512,000
$1,325,000
-2.6%
Average Price per Square Foot ...........................
$555
$552
$644
$599
7.9%
Properties Sold .......................................................
16
7
3
11
-31.2%
Properties Pending Sale .......................................
10
4
8
8
-20.0%
Properties For Sale ................................................
35
23
22
42
20.0%
Days on Market (Pending Sale) ...........................
73
83
90
23
-68.5%
Month’s Supply of Inventory ................................
2.2
3.3
7.3
3.8
74.5%
Percent Under Contract ........................................
28.6%
17.4%
36.4%
19.0%
-33.3%
Average Median Price for Last 12 Months ........
$1,559,271
$1,564,500
$1,331,667
$1,540,962
-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 MAY
$1.360
JUN
$1,325,000
JUL AUG
MEDIAN SALES PRICE
SEP
$599
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Pedro DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$652,450
$635,000
$627,500
$689,000
5.6%
Average Price per Square Foot ...........................
$389
$367
$389
$431
10.8%
Properties Sold .......................................................
38
25
34
35
-7.9%
Properties Pending Sale .......................................
43
31
30
33
-23.3%
Properties For Sale ................................................
132
126
95
127
-3.8%
Days on Market (Pending Sale) ...........................
56
50
41
45
-19.6%
Month’s Supply of Inventory ................................
3.5
5
2.8
3.6
4.5%
Percent Under Contract ........................................
32.6%
24.6%
31.6%
26.0%
-20.2%
Average Median Price for Last 12 Months ........
$575,439
$629,583
$637,167
$629,477
9.4%
*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 MAY
$652
JUN
$689,000
JUL AUG
MEDIAN SALES PRICE
SEP
$431
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$689 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Torrance- County Strip DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$450,000
$507,400
$477,500
$545,000
21.1%
Average Price per Square Foot ...........................
$336
$337
$345
$327
-2.7%
Properties Sold .......................................................
9
4
6
7
-22.2%
Properties Pending Sale .......................................
5
7
9
6
20.0%
Properties For Sale ................................................
20
27
17
17
-15.0%
Days on Market (Pending Sale) ...........................
35
16
42
26
-25.7%
Month’s Supply of Inventory ................................
2.2
6.8
2.8
2.4
9.3%
Percent Under Contract ........................................
25.0%
25.9%
52.9%
35.3%
41.2%
Average Median Price for Last 12 Months ........
$480,313
$512,542
$510,083
$512,396
6.7%
*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 MAY
$450
JUN
$545,000
JUL AUG
MEDIAN SALES PRICE
SEP
$327
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$545 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Torrance- North DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$643,000
$641,000
$583,750
$705,500
9.7%
Average Price per Square Foot ...........................
$452
$461
$432
$434
-4.0%
Properties Sold .......................................................
17
21
14
12
-29.4%
Properties Pending Sale .......................................
17
20
15
20
17.6%
Properties For Sale ................................................
44
35
25
39
-11.4%
Days on Market (Pending Sale) ...........................
30
35
33
19
-36.7%
Month’s Supply of Inventory ................................
2.6
1.7
1.8
3.2
25.6%
Percent Under Contract ........................................
38.6%
57.1%
60.0%
51.3%
32.7%
Average Median Price for Last 12 Months ........
$470,000
$645,958
$662,167
$637,750
35.7%
*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 MAY
$643
JUN
$705,500
JUL AUG
MEDIAN SALES PRICE
SEP
$434
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Torrance- South DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$912,000
$849,250
$1,163,000
$910,000
-0.2%
Average Price per Square Foot ...........................
$519
$460
$464
$536
3.3%
Properties Sold .......................................................
23
14
6
21
-8.7%
Properties Pending Sale .......................................
30
21
14
34
13.3%
Properties For Sale ................................................
67
53
32
58
-13.4%
Days on Market (Pending Sale) ...........................
19
36
58
27
42.1%
Month’s Supply of Inventory ................................
2.9
3.8
5.3
2.8
-5.2%
Percent Under Contract ........................................
44.8%
39.6%
43.8%
58.6%
30.9%
Average Median Price for Last 12 Months ........
$869,489
$934,480
$883,333
$899,510
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 MAY
$912
JUN
$910,000
JUL AUG
MEDIAN SALES PRICE
SEP
$536
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Torrance- Southeast DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$690,000
$681,000
$645,500
$678,500
-1.7%
Average Price per Square Foot ...........................
$396
$440
$463
$384
-3.0%
Properties Sold .......................................................
13
7
4
14
7.7%
Properties Pending Sale .......................................
21
8
8
21
0.0%
Properties For Sale ................................................
61
25
23
51
-16.4%
Days on Market (Pending Sale) ...........................
28
21
22
23
-17.9%
Month’s Supply of Inventory ................................
4.7
3.6
5.8
3.6
-22.4%
Percent Under Contract ........................................
34.4%
32.0%
34.8%
41.2%
19.6%
Average Median Price for Last 12 Months ........
$606,917
$647,333
$639,500
$650,519
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 MAY
$690
JUN
$678,500
JUL AUG
MEDIAN SALES PRICE
SEP
$384
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$678 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Torrance- West DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$865,000
$786,000
$786,000
$908,000
5.0%
Average Price per Square Foot ...........................
$500
$450
$552
$509
1.8%
Properties Sold .......................................................
13
19
11
17
30.8%
Properties Pending Sale .......................................
12
16
16
19
58.3%
Properties For Sale ................................................
35
27
30
33
-5.7%
Days on Market (Pending Sale) ...........................
32
25
16
12
-62.5%
Month’s Supply of Inventory ................................
2.7
1.4
2.7
1.9
-27.9%
Percent Under Contract ........................................
34.3%
59.3%
53.3%
57.6%
67.9%
Average Median Price for Last 12 Months ........
$801,908
$856,708
$916,000
$842,635
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 MAY
$865
JUN
$908,000
JUL AUG
MEDIAN SALES PRICE
SEP
$509
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$908 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Fernando Valley Macro Market DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$917,563
$965,647
$950,118
$1,013,471
10.5%
Average Price per Square Foot ...........................
$457
$443
$445
$461
0.8%
Properties Sold .......................................................
30
27
20
33
11.3%
Properties Pending Sale .......................................
36
30
33
37
1.2%
Properties For Sale ................................................
74
74
54
67
-9.0%
Days on Market (Pending Sale) ...........................
57
56
70
49
-13.9%
Month’s Supply of Inventory ................................
2.5
2.7
2.7
2
-18.2%
Percent Under Contract ........................................
49.3%
41.2%
60.0%
54.9%
11.2%
Average Median Price for Last 12 Months ........
$844,714
$987,147
$1,021,431
$919,625
8.9%
*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 MAY
$917
JUN
$1,013,471
JUL AUG
MEDIAN SALES PRICE
SEP
$461
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.013 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Agoura Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$860,000
$775,000
$795,000
$1,000,000
16.3%
Average Price per Square Foot ...........................
$366
$375
$364
$411
12.3%
Properties Sold .......................................................
26
25
19
23
-11.5%
Properties Pending Sale .......................................
29
21
22
26
-10.3%
Properties For Sale ................................................
62
55
43
51
-17.7%
Days on Market (Pending Sale) ...........................
74
69
64
58
-21.6%
Month’s Supply of Inventory ................................
2.4
2.2
2.3
2.2
-7.0%
Percent Under Contract ........................................
46.8%
38.2%
51.2%
51.0%
9.0%
Average Median Price for Last 12 Months ........
$872,167
$942,500
$1,056,667
$899,308
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 MAY
$860
JUN
$1,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$411
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Burbank DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$695,000
$799,000
$735,000
$812,000
16.8%
Average Price per Square Foot ...........................
$475
$491
$514
$534
12.4%
Properties Sold .......................................................
45
41
31
52
15.6%
Properties Pending Sale .......................................
72
55
46
53
-26.4%
Properties For Sale ................................................
84
96
46
76
-9.5%
Days on Market (Pending Sale) ...........................
50
47
55
35
-30.0%
Month’s Supply of Inventory ................................
1.9
2.3
1.5
1.5
-21.7%
Percent Under Contract ........................................
85.7%
57.3%
100.0%
69.7%
-18.6%
Average Median Price for Last 12 Months ........
$714,250
$762,333
$763,000
$757,615
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 MAY
$695
JUN
$812,000
JUL AUG
MEDIAN SALES PRICE
SEP
$534
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Calabasas DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,650,000
$1,335,000
$1,107,000
$1,458,000
-11.6%
Average Price per Square Foot ...........................
$465
$415
$482
$457
-1.7%
Properties Sold .......................................................
27
21
13
34
25.9%
Properties Pending Sale .......................................
29
23
25
32
10.3%
Properties For Sale ................................................
96
88
69
96
0.0%
Days on Market (Pending Sale) ...........................
80
82
65
70
-12.5%
Month’s Supply of Inventory ................................
3.6
4.2
5.3
2.8
-20.6%
Percent Under Contract ........................................
30.2%
26.1%
36.2%
33.3%
10.3%
Average Median Price for Last 12 Months ........
$1,374,833
$1,325,500
$1,432,667
$1,395,308
1.5%
*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 MAY
$1.650
JUN
$1,458,000
JUL AUG
MEDIAN SALES PRICE
SEP
$457
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.458 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Encino DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,340,000
$1,470,000
$872,000
$1,256,000
-6.3%
Average Price per Square Foot ...........................
$508
$516
$522
$529
4.1%
Properties Sold .......................................................
46
35
18
51
10.9%
Properties Pending Sale .......................................
54
42
47
52
-3.7%
Properties For Sale ................................................
118
126
92
104
-11.9%
Days on Market (Pending Sale) ...........................
68
57
43
68
0.0%
Month’s Supply of Inventory ................................
2.6
3.6
5.1
2
-20.5%
Percent Under Contract ........................................
45.8%
33.3%
51.1%
50.0%
9.3%
Average Median Price for Last 12 Months ........
$1,181,417
$1,285,667
$1,282,000
$1,256,846
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 MAY
$1.340
JUN
$1,256,000
JUL AUG
MEDIAN SALES PRICE
SEP
$529
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.256 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Glendale DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$972,000
$888,000
$880,000
$850,000
-12.6%
Average Price per Square Foot ...........................
$457
$477
$481
$505
10.5%
Properties Sold .......................................................
52
50
44
49
-5.8%
Properties Pending Sale .......................................
60
55
50
58
-3.3%
Properties For Sale ................................................
103
127
74
80
-22.3%
Days on Market (Pending Sale) ...........................
47
45
52
46
-2.1%
Month’s Supply of Inventory ................................
2.3
1.8
2
2
-12.5%
Percent Under Contract ........................................
54.2%
69.4%
61.3%
58.3%
7.5%
Average Median Price for Last 12 Months ........
$817,417
$875,167
$869,000
$868,833
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 MAY
$837
JUN
$850,000
JUL AUG
MEDIAN SALES PRICE
SEP
$505
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
La Crescenta DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$801,000
$793,000
$788,000
$885,000
10.5%
Average Price per Square Foot ...........................
$485
$452
$477
$510
5.2%
Properties Sold .......................................................
22
20
14
15
-31.8%
Properties Pending Sale .......................................
21
14
16
24
14.3%
Properties For Sale ................................................
25
24
20
26
4.0%
Days on Market (Pending Sale) ...........................
50
66
46
34
-32.0%
Month’s Supply of Inventory ................................
1.1
1.2
1.4
1.7
52.5%
Percent Under Contract ........................................
84.0%
58.3%
80.0%
92.3%
9.9%
Average Median Price for Last 12 Months ........
$764,000
$833,833
$859,667
$822,231
7.6%
*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 MAY
$801
JUN
$885,000
JUL AUG
MEDIAN SALES PRICE
SEP
$510
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
North Hollywood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$530,000
$553,000
$508,000
$550,000
3.8%
Average Price per Square Foot ...........................
$381
$403
$382
$402
5.5%
Properties Sold .......................................................
36
24
22
36
0.0%
Properties Pending Sale .......................................
37
43
37
43
16.2%
Properties For Sale ................................................
50
53
52
37
-26.0%
Days on Market (Pending Sale) ...........................
65
39
53
32
-50.8%
Month’s Supply of Inventory ................................
1.4
2.2
2.4
1
-26.0%
Percent Under Contract ........................................
74.0%
81.1%
71.2%
116.2%
57.0%
Average Median Price for Last 12 Months ........
$512,250
$557,667
$559,333
$538,231
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 MAY
$530
JUN
$550,000
JUL AUG
MEDIAN SALES PRICE
SEP
$402
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Shadow Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$610,000
$725,000
$810,000
$1,061,000
73.9%
Average Price per Square Foot ...........................
$591
$360
$286
$318
-46.2%
Properties Sold .......................................................
1
6
3
1
0.0%
Properties Pending Sale .......................................
5
7
6
7
40.0%
Properties For Sale ................................................
9
15
10
10
11.1%
Days on Market (Pending Sale) ...........................
29
73
99
46
58.6%
Month’s Supply of Inventory ................................
9
2.5
3.3
10
11.1%
Percent Under Contract ........................................
55.6%
46.7%
60.0%
70.0%
26.0%
Average Median Price for Last 12 Months ........
$746,917
$881,167
$1,009,333
$771,769
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 MAY
$610
JUN
$1,061,000
JUL AUG
MEDIAN SALES PRICE
SEP
$318
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.061 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sherman Oaks DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,068,000
$1,112,000
$1,340,000
$1,179,000
10.4%
Average Price per Square Foot ...........................
$505
$526
$497
$509
0.8%
Properties Sold .......................................................
52
51
36
66
26.9%
Properties Pending Sale .......................................
73
43
74
73
0.0%
Properties For Sale ................................................
146
146
91
119
-18.5%
Days on Market (Pending Sale) ...........................
53
57
85
57
7.5%
Month’s Supply of Inventory ................................
2.8
2.9
2.5
1.8
-35.8%
Percent Under Contract ........................................
50.0%
29.5%
81.3%
61.3%
22.7%
Average Median Price for Last 12 Months ........
$1,020,000
$1,155,500
$1,134,667
$1,158,308
13.6%
*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 MAY
$1.068
JUN
$1,179,000
JUL AUG
MEDIAN SALES PRICE
SEP
$509
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.179 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Studio City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,535,000
$1,309,000
$1,340,000
$1,360,000
-11.4%
Average Price per Square Foot ...........................
$607
$601
$497
$607
0.0%
Properties Sold .......................................................
32
29
36
33
3.1%
Properties Pending Sale .......................................
44
24
74
32
-27.3%
Properties For Sale ................................................
85
73
91
89
4.7%
Days on Market (Pending Sale) ...........................
49
68
85
42
-14.3%
Month’s Supply of Inventory ................................
2.7
2.5
2.5
2.7
1.5%
Percent Under Contract ........................................
51.8%
32.9%
81.3%
36.0%
-30.5%
Average Median Price for Last 12 Months ........
$1,370,083
$1,433,667
$1,495,333
$1,435,385
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 MAY
$1.535
JUN
$1,360,000
JUL AUG
MEDIAN SALES PRICE
SEP
$607
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sun Valley DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$460,000
$530,000
$495,000
$483,000
5.0%
Average Price per Square Foot ...........................
$313
$304
$397
$384
22.7%
Properties Sold .......................................................
19
9
13
22
15.8%
Properties Pending Sale .......................................
19
12
12
19
0.0%
Properties For Sale ................................................
31
24
13
31
0.0%
Days on Market (Pending Sale) ...........................
52
24
49
39
-25.0%
Month’s Supply of Inventory ................................
1.6
2.7
1
1.4
-13.6%
Percent Under Contract ........................................
61.3%
50.0%
92.3%
61.3%
0.0%
Average Median Price for Last 12 Months ........
$449,333
$495,500
$492,667
$491,000
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 MAY
$460
JUN
$483,000
JUL AUG
MEDIAN SALES PRICE
SEP
$384
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$483 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sunland/Tujunga DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$582,000
$600,000
$550,000
$625,000
7.4%
Average Price per Square Foot ...........................
$344
$370
$365
$373
8.4%
Properties Sold .......................................................
30
35
11
23
-23.3%
Properties Pending Sale .......................................
34
34
17
32
-5.9%
Properties For Sale ................................................
59
67
14
16
-72.9%
Days on Market (Pending Sale) ...........................
47
47
82
35
-25.5%
Month’s Supply of Inventory ................................
2
1.9
1.3
0.7
-64.6%
Percent Under Contract ........................................
57.6%
50.7%
121.4%
200.0%
247.1%
Average Median Price for Last 12 Months ........
$512,750
$598,000
$642,667
$580,769
13.3%
*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 MAY
$582
JUN
$625,000
JUL AUG
MEDIAN SALES PRICE
SEP
$373
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Tarzana DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$915,000
$1,125,000
$999,000
$1,098,000
20.0%
Average Price per Square Foot ...........................
$384
$391
$391
$416
8.3%
Properties Sold .......................................................
27
27
25
26
-3.7%
Properties Pending Sale .......................................
39
26
23
34
-12.8%
Properties For Sale ................................................
82
77
57
86
4.9%
Days on Market (Pending Sale) ...........................
71
62
75
57
-19.7%
Month’s Supply of Inventory ................................
3
2.9
2.3
3.3
8.9%
Percent Under Contract ........................................
47.6%
33.8%
40.4%
39.5%
-16.9%
Average Median Price for Last 12 Months ........
$908,083
$1,060,333
$1,080,667
$1,044,769
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 MAY
$915
JUN
$1,098,000
JUL AUG
MEDIAN SALES PRICE
SEP
$416
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.098 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Toluca Lake DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$955,000
$1,883,000
$1,975,000
$1,490,000
56.0%
Average Price per Square Foot ...........................
$552
$555
$693
$569
3.1%
Properties Sold .......................................................
3
6
4
8
166.7%
Properties Pending Sale .......................................
3
5
8
6
100.0%
Properties For Sale ................................................
14
18
15
15
7.1%
Days on Market (Pending Sale) ...........................
50
60
108
53
6.0%
Month’s Supply of Inventory ................................
4.7
3
3.8
1.9
-59.8%
Percent Under Contract ........................................
21.4%
27.8%
53.3%
40.0%
86.7%
Average Median Price for Last 12 Months ........
$1,198,083
$1,501,500
$1,482,667
$1,413,000
17.9%
*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 MAY
$955
JUN
$1,490,000
JUL AUG
MEDIAN SALES PRICE
SEP
$569
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.490 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Valley Village DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$890,000
$880,000
$815,000
$1,050,000
18.0%
Average Price per Square Foot ...........................
$523
$508
$429
$576
10.1%
Properties Sold .......................................................
16
11
10
17
6.2%
Properties Pending Sale .......................................
26
22
16
16
-38.5%
Properties For Sale ................................................
32
32
24
34
6.2%
Days on Market (Pending Sale) ...........................
33
38
68
38
15.2%
Month’s Supply of Inventory ................................
2
2.9
2.4
2
0.0%
Percent Under Contract ........................................
81.2%
68.8%
66.7%
47.1%
-42.1%
Average Median Price for Last 12 Months ........
$878,500
$922,833
$926,000
$914,385
4.1%
*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 MAY
$890
JUN
$1,050,000
JUL AUG
MEDIAN SALES PRICE
SEP
$576
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.050 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 : May 2017
telesproperties.com
Westlake Village DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,050,000
$900,000
$1,373,000
$1,120,000
6.7%
Average Price per Square Foot ...........................
$459
$434
$426
$411
-10.5%
Properties Sold .......................................................
29
27
16
36
24.1%
Properties Pending Sale .......................................
29
22
23
38
31.0%
Properties For Sale ................................................
118
92
93
111
-5.9%
Days on Market (Pending Sale) ...........................
71
68
70
70
-1.4%
Month’s Supply of Inventory ................................
4.1
3.4
5.8
3.1
-24.2%
Percent Under Contract ........................................
24.6%
23.9%
24.7%
34.2%
39.3%
Average Median Price for Last 12 Months ........
$1,086,750
$1,232,333
$1,202,000
$1,233,077
13.5%
*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 MAY
$1.050
JUN
$1,120,000
JUL AUG
MEDIAN SALES PRICE
SEP
$411
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Woodland Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$740,000
$739,000
$770,000
$830,000
12.2%
Average Price per Square Foot ...........................
$358
$350
$358
$373
4.2%
Properties Sold .......................................................
66
49
33
69
4.5%
Properties Pending Sale .......................................
68
70
58
79
16.2%
Properties For Sale ................................................
169
144
119
137
-18.9%
Days on Market (Pending Sale) ...........................
63
51
96
47
-25.4%
Month’s Supply of Inventory ................................
2.6
2.9
3.6
2
-22.5%
Percent Under Contract ........................................
40.2%
48.6%
48.7%
57.7%
43.3%
Average Median Price for Last 12 Months ........
$752,917
$897,667
$1,035,333
$821,615
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 MAY
$740
JUN
$830,000
JUL AUG
MEDIAN SALES PRICE
SEP
$373
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$830 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Gabriel Valley Macro Market DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$990,333
$1,011,917
$1,057,833
$1,050,167
6.0%
Average Price per Square Foot ...........................
$534
$514
$530
$550
3.0%
Properties Sold .......................................................
27
24
15
27
-1.8%
Properties Pending Sale .......................................
28
24
21
31
9.2%
Properties For Sale ................................................
70
57
49
59
-16.5%
Days on Market (Pending Sale) ...........................
55
54
58
46
-17.4%
Month’s Supply of Inventory ................................
2.6
2.4
3.3
2.2
-14.9%
Percent Under Contract ........................................
40.0%
40.9%
41.9%
52.3%
30.8%
Average Median Price for Last 12 Months ........
$999,333
$1,077,889
$1,053,694
$1,044,045
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 MAY
$990
JUN
$1,050,167
JUL AUG
MEDIAN SALES PRICE
SEP
$550
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.050 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 : May 2017
telesproperties.com
Alhambra DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$568,000
$642,000
$634,000
$694,000
22.2%
Average Price per Square Foot ...........................
$423
$456
$444
$438
3.5%
Properties Sold .......................................................
28
13
14
13
-53.6%
Properties Pending Sale .......................................
24
18
17
23
-4.2%
Properties For Sale ................................................
44
38
33
25
-43.2%
Days on Market (Pending Sale) ...........................
51
30
60
30
-41.2%
Month’s Supply of Inventory ................................
1.6
2.9
2.4
1.9
22.4%
Percent Under Contract ........................................
54.5%
47.4%
51.5%
92.0%
68.7%
Average Median Price for Last 12 Months ........
$577,250
$649,833
$648,667
$638,769
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 MAY
$568
JUN
$694,000
JUL AUG
MEDIAN SALES PRICE
SEP
$438
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$694 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Altadena DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$763,000
$875,000
$760,000
$825,000
8.1%
Average Price per Square Foot ...........................
$479
$448
$464
$480
0.2%
Properties Sold .......................................................
40
27
23
35
-12.5%
Properties Pending Sale .......................................
39
27
32
40
2.6%
Properties For Sale ................................................
67
49
34
43
-35.8%
Days on Market (Pending Sale) ...........................
53
51
54
46
-13.2%
Month’s Supply of Inventory ................................
1.7
1.8
1.5
1.2
-26.7%
Percent Under Contract ........................................
58.2%
55.1%
94.1%
93.0%
59.8%
Average Median Price for Last 12 Months ........
$712,000
$801,833
$828,333
$772,385
8.5%
*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 MAY
$763
JUN
$825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$480
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Arcadia DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,144,000
$1,313,000
$1,263,000
$1,059,000
-7.4%
Average Price per Square Foot ...........................
$553
$517
$546
$557
0.7%
Properties Sold .......................................................
44
46
24
40
-9.1%
Properties Pending Sale .......................................
39
41
32
49
25.6%
Properties For Sale ................................................
214
173
181
215
0.5%
Days on Market (Pending Sale) ...........................
57
77
60
58
1.8%
Month’s Supply of Inventory ................................
4.9
3.8
7.5
5.4
10.5%
Percent Under Contract ........................................
18.2%
23.7%
17.7%
22.8%
25.1%
Average Median Price for Last 12 Months ........
$1,264,667
$1,285,000
$1,104,333
$1,273,385
0.7%
*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 MAY
$1.144
JUN
$1,059,000
JUL AUG
MEDIAN SALES PRICE
SEP
$557
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.059 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Duarte DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$445,000
$505,000
$463,000
$500,000
12.4%
Average Price per Square Foot ...........................
$386
$364
$359
$410
6.2%
Properties Sold .......................................................
15
18
5
11
-26.7%
Properties Pending Sale .......................................
22
14
11
20
-9.1%
Properties For Sale ................................................
27
23
22
17
-37.0%
Days on Market (Pending Sale) ...........................
78
46
55
29
-62.8%
Month’s Supply of Inventory ................................
1.8
1.3
4.4
1.5
-14.1%
Percent Under Contract ........................................
81.5%
60.9%
50.0%
117.6%
44.4%
Average Median Price for Last 12 Months ........
$451,333
$477,667
$466,667
$479,615
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 MAY
$445
JUN
$500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$410
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Eagle Rock DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$753,000
$775,000
$628,000
$790,000
4.9%
Average Price per Square Foot ...........................
$509
$484
$530
$526
3.3%
Properties Sold .......................................................
30
11
2
4
-86.7%
Properties Pending Sale .......................................
16
12
6
9
-43.8%
Properties For Sale ................................................
28
25
8
16
-42.9%
Days on Market (Pending Sale) ...........................
41
29
47
101
146.3%
Month’s Supply of Inventory ................................
0.9
2.3
4
4
328.6%
Percent Under Contract ........................................
57.1%
48.0%
75.0%
56.2%
-1.6%
Average Median Price for Last 12 Months ........
$719,083
$788,500
$770,000
$789,692
9.8%
*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 MAY
$753
JUN
$790,000
JUL AUG
MEDIAN SALES PRICE
SEP
$526
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
La Canada Flintridge DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,625,000
$1,555,000
$1,537,000
$1,810,000
11.4%
Average Price per Square Foot ...........................
$632
$582
$613
$664
5.1%
Properties Sold .......................................................
24
26
12
25
4.2%
Properties Pending Sale .......................................
22
22
16
34
54.5%
Properties For Sale ................................................
71
38
41
46
-35.2%
Days on Market (Pending Sale) ...........................
41
75
61
56
36.6%
Month’s Supply of Inventory ................................
3
1.5
3.4
1.8
-37.8%
Percent Under Contract ........................................
31.0%
57.9%
39.0%
73.9%
138.5%
Average Median Price for Last 12 Months ........
$1,585,750
$1,834,000
$1,828,000
$1,773,692
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 MAY
$1.625
JUN
$1,810,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.810 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 : May 2017
telesproperties.com
Monrovia DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$588,000
$607,000
$632,000
$617,000
4.9%
Average Price per Square Foot ...........................
$420
$398
$377
$399
-5.0%
Properties Sold .......................................................
24
29
16
22
-8.3%
Properties Pending Sale .......................................
25
19
21
15
-40.0%
Properties For Sale ................................................
49
45
38
42
-14.3%
Days on Market (Pending Sale) ...........................
52
51
64
29
-44.2%
Month’s Supply of Inventory ................................
2
1.6
2.4
1.9
-6.5%
Percent Under Contract ........................................
51.0%
42.2%
55.3%
35.7%
-30.0%
Average Median Price for Last 12 Months ........
$630,500
$673,333
$686,333
$649,538
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 MAY
$588
JUN
$617,000
JUL AUG
MEDIAN SALES PRICE
SEP
$399
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$617 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Pasadena DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$883,000
$795,000
$865,000
$1,025,000
16.1%
Average Price per Square Foot ...........................
$537
$526
$559
$560
4.3%
Properties Sold .......................................................
68
67
64
105
54.4%
Properties Pending Sale .......................................
84
77
67
116
38.1%
Properties For Sale ................................................
207
178
130
177
-14.5%
Days on Market (Pending Sale) ...........................
62
51
67
46
-25.8%
Month’s Supply of Inventory ................................
3
2.7
2
1.7
-44.6%
Percent Under Contract ........................................
40.6%
43.3%
51.5%
65.5%
61.5%
Average Median Price for Last 12 Months ........
$815,833
$862,333
$898,000
$861,231
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$883
JUN
$1,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
$560
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Gabriel DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$690,000
$750,000
$892,000
$722,000
4.6%
Average Price per Square Foot ...........................
$477
$449
$483
$483
1.3%
Properties Sold .......................................................
21
24
9
32
52.4%
Properties Pending Sale .......................................
24
29
19
16
-33.3%
Properties For Sale ................................................
60
51
38
45
-25.0%
Days on Market (Pending Sale) ...........................
70
38
62
31
-55.7%
Month’s Supply of Inventory ................................
2.9
2.1
4.2
1.4
-50.8%
Percent Under Contract ........................................
40.0%
56.9%
50.0%
35.6%
-11.1%
Average Median Price for Last 12 Months ........
$728,750
$770,833
$723,000
$731,769
0.4%
*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 MAY
$690
JUN
$722,000
JUL AUG
MEDIAN SALES PRICE
SEP
$483
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$722 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Marino DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,159,000
$2,198,000
$2,700,000
$2,150,000
-0.4%
Average Price per Square Foot ...........................
$904
$754
$941
$853
-5.6%
Properties Sold .......................................................
12
8
3
15
25.0%
Properties Pending Sale .......................................
16
10
9
16
0.0%
Properties For Sale ................................................
37
38
34
44
18.9%
Days on Market (Pending Sale) ...........................
59
82
37
48
-18.6%
Month’s Supply of Inventory ................................
3.1
4.8
11.3
2.9
-4.9%
Percent Under Contract ........................................
43.2%
26.3%
26.5%
36.4%
-15.9%
Average Median Price for Last 12 Months ........
$2,270,250
$2,315,000
$2,156,667
$2,211,077
-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 MAY
$2.159
JUN
$2,150,000
JUL AUG
MEDIAN SALES PRICE
SEP
$853
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.150 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sierra Madre DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$765,000
$955,000
$890,000
$1,100,000
43.8%
Average Price per Square Foot ...........................
$479
$550
$454
$546
14.0%
Properties Sold .......................................................
13
7
3
8
-38.5%
Properties Pending Sale .......................................
12
3
5
14
16.7%
Properties For Sale ................................................
22
18
16
23
4.5%
Days on Market (Pending Sale) ...........................
53
65
65
33
-37.7%
Month’s Supply of Inventory ................................
1.7
2.6
5.3
2.9
69.9%
Percent Under Contract ........................................
54.5%
16.7%
31.2%
60.9%
11.6%
Average Median Price for Last 12 Months ........
$991,500
$1,080,833
$1,116,000
$1,029,308
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 MAY
$765
JUN
$1,100,000
JUL AUG
MEDIAN SALES PRICE
SEP
$546
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
South Pasadena DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,501,000
$1,173,000
$1,430,000
$1,310,000
-12.7%
Average Price per Square Foot ...........................
$607
$639
$589
$684
12.7%
Properties Sold .......................................................
10
12
3
13
30.0%
Properties Pending Sale .......................................
14
10
11
16
14.3%
Properties For Sale ................................................
17
13
12
11
-35.3%
Days on Market (Pending Sale) ...........................
44
47
65
39
-11.4%
Month’s Supply of Inventory ................................
1.7
1.1
4
0.8
-50.2%
Percent Under Contract ........................................
82.4%
76.9%
91.7%
145.5%
76.6%
Average Median Price for Last 12 Months ........
$1,245,083
$1,395,500
$1,418,333
$1,318,077
5.9%
*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 MAY
$1.501
JUN
$1,310,000
JUL AUG
MEDIAN SALES PRICE
SEP
$684
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.310 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Clemente
Aliso Viejo
Laguna Beach
San Juan Capistrano
Balboa Peninsula
Laguna Hills
Shady Canyon
Corona del Mar - Spyglass
Laguna Niguel
Turtle Ridge
Coto de Caza
Laguna Woods
Turtle Rock
Crystal Cove
Lower Newport Bay - Balboa Island
Westminster
Dana Point
Mission Viejo
West Bay - Santa Ana Heights
East Bluff - Harbor View
Nelle Gail
West Newport - Lido
East Costa Mesa
Newport Beach
Fountain Valley
Newport Coast
Huntington Beach
Newport Heights
Irvine
Rancho Santa Margarita
Micro Market Report : May 2017
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : May 2017
telesproperties.com
Orange County DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$730,000
$729,950
$743,000
$790,000
8.2%
Average Price per Square Foot ...........................
$432
$431
$460
$474
9.7%
Properties Sold .......................................................
1876
1520
1125
1991
6.1%
Properties Pending Sale .......................................
1975
1438
1552
2020
2.3%
Properties For Sale ................................................
7,158
5,867
5,368
6,794
-5.1%
Days on Market (Pending Sale) ...........................
54
58
47
40
-25.9%
Month’s Supply of Inventory ................................
3.8
3.9
4.8
3.4
-10.6%
Percent Under Contract ........................................
27.6%
24.5%
28.9%
29.7%
7.8%
Average Median Price for Last 12 Months ........
$708,042
$755,667
$772,000
$745,958
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 MAY
$730
JUN
$790,000
JUL AUG
MEDIAN SALES PRICE
SEP
$474
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Aliso Viejo DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$778,000
$778,000
$717,450
$822,500
5.7%
Average Price per Square Foot ...........................
$371
$408
$379
$406
9.4%
Properties Sold .......................................................
30
16
14
32
6.7%
Properties Pending Sale .......................................
38
15
19
26
-31.6%
Properties For Sale ................................................
82
36
55
71
-13.4%
Days on Market (Pending Sale) ...........................
54
65
20
22
-59.3%
Month’s Supply of Inventory ................................
2.7
2.2
3.9
2.2
-18.8%
Percent Under Contract ........................................
46.3%
41.7%
34.5%
36.6%
-21.0%
Average Median Price for Last 12 Months ........
$747,813
$795,742
$819,000
$795,227
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 MAY
$778
JUN
$822,500
JUL AUG
MEDIAN SALES PRICE
SEP
$406
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$822 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Balboa Peninsula DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$7,600,000
$1,975,000
$2,150,000
$3,625,000
-52.3%
Average Price per Square Foot ...........................
$2,007
$1,383
$793
$1,573
-21.6%
Properties Sold .......................................................
5
5
5
10
100.0%
Properties Pending Sale .......................................
4
2
19
10
150.0%
Properties For Sale ................................................
50
38
55
41
-18.0%
Days on Market (Pending Sale) ...........................
44
202
20
89
102.3%
Month’s Supply of Inventory ................................
10
7.6
11
4.1
-59.0%
Percent Under Contract ........................................
8.0%
5.3%
34.5%
24.4%
204.9%
Average Median Price for Last 12 Months ........
$3,163,750
$3,402,000
$4,025,000
$3,696,308
16.8%
*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 $7.600
MAY JUN
$3,625,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,573
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.625 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Corona del Mar - Spyglass DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,850,000
$2,360,000
$2,944,500
$2,777,163
-2.6%
Average Price per Square Foot ...........................
$969
$1,047
$1,163
$1,086
12.1%
Properties Sold .......................................................
13
11
9
20
53.8%
Properties Pending Sale .......................................
18
10
11
21
16.7%
Properties For Sale ................................................
92
73
74
93
1.1%
Days on Market (Pending Sale) ...........................
106
123
41
93
-12.3%
Month’s Supply of Inventory ................................
7.1
6.6
8.2
4.6
-34.3%
Percent Under Contract ........................................
19.6%
13.7%
14.9%
22.6%
15.4%
Average Median Price for Last 12 Months ........
$2,765,667
$2,822,649
$2,629,054
$2,847,761
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 MAY
$2.850
JUN
$2,777,163
JUL AUG
MEDIAN SALES PRICE
SEP
$1,086
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.777 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 : May 2017
telesproperties.com
Coto de Caza DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,145,000
$1,100,000
$1,055,000
$1,190,000
3.9%
Average Price per Square Foot ...........................
$341
$333
$375
$353
3.5%
Properties Sold .......................................................
29
13
20
33
13.8%
Properties Pending Sale .......................................
32
14
17
25
-21.9%
Properties For Sale ................................................
168
111
96
134
-20.2%
Days on Market (Pending Sale) ...........................
65
113
49
48
-26.2%
Month’s Supply of Inventory ................................
5.8
8.5
4.8
4.1
-29.9%
Percent Under Contract ........................................
19.0%
12.6%
17.7%
18.7%
-2.1%
Average Median Price for Last 12 Months ........
$1,145,129
$1,137,083
$1,121,667
$1,172,310
2.4%
*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 MAY
$1.145
JUN
$1,190,000
JUL AUG
MEDIAN SALES PRICE
SEP
$353
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Crystal Cove DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$0
$5,725,000
$6,975,000
$7,800,000
n/a
Average Price per Square Foot ...........................
$0
$1,238
$1,306
$1,433
n/a
Properties Sold .......................................................
0
2
4
5
n/a
Properties Pending Sale .......................................
1
4
2
2
100.0%
Properties For Sale ................................................
22
26
21
25
13.6%
Days on Market (Pending Sale) ...........................
121
145
44
70
-42.1%
Month’s Supply of Inventory ................................
n/a
13
5.2
5
n/a
Percent Under Contract ........................................
4.5%
15.4%
9.5%
8.0%
76.0%
Average Median Price for Last 12 Months ........
$6,975,116
$8,150,000
$8,375,000
$7,454,775
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 MAY JUN
$7,800,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,433
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$7.800 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 : May 2017
telesproperties.com
Dana Point DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$950,000
$922,500
$1,058,500
$1,225,000
28.9%
Average Price per Square Foot ...........................
$535
$605
$551
$760
42.1%
Properties Sold .......................................................
33
30
20
25
-24.2%
Properties Pending Sale .......................................
41
26
18
43
4.9%
Properties For Sale ................................................
188
168
146
199
5.9%
Days on Market (Pending Sale) ...........................
89
69
73
67
-24.7%
Month’s Supply of Inventory ................................
5.7
5.6
7.3
8
39.7%
Percent Under Contract ........................................
21.8%
15.5%
12.3%
21.6%
-0.9%
Average Median Price for Last 12 Months ........
$1,040,432
$1,048,917
$1,091,667
$1,015,981
-2.4%
*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 MAY
$950
JUN
$1,225,000
JUL AUG
MEDIAN SALES PRICE
SEP
$760
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
East Bluff - Harbor View DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,862,500
$1,550,000
$2,500,000
$1,840,000
-1.2%
Average Price per Square Foot ...........................
$721
$645
$788
$678
-6.0%
Properties Sold .......................................................
22
15
9
18
-18.2%
Properties Pending Sale .......................................
19
17
8
28
47.4%
Properties For Sale ................................................
119
97
80
118
-0.8%
Days on Market (Pending Sale) ...........................
53
101
60
103
94.3%
Month’s Supply of Inventory ................................
5.4
6.5
8.9
6.6
21.2%
Percent Under Contract ........................................
16.0%
17.5%
10.0%
23.7%
48.6%
Average Median Price for Last 12 Months ........
$1,842,608
$1,983,333
$1,825,833
$1,889,470
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 MAY
$1.862
JUN
$1,840,000
JUL AUG
MEDIAN SALES PRICE
SEP
$678
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.840 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
East Costa Mesa DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$955,000
$1,120,000
$1,070,000
$1,022,000
7.0%
Average Price per Square Foot ...........................
$591
$622
$555
$579
-2.0%
Properties Sold .......................................................
11
11
16
18
63.6%
Properties Pending Sale .......................................
21
9
18
29
38.1%
Properties For Sale ................................................
71
47
46
69
-2.8%
Days on Market (Pending Sale) ...........................
52
29
54
42
-19.2%
Month’s Supply of Inventory ................................
6.5
4.3
2.9
3.8
-40.6%
Percent Under Contract ........................................
29.6%
19.1%
39.1%
42.0%
42.1%
Average Median Price for Last 12 Months ........
$966,066
$1,027,417
$1,007,167
$1,027,334
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 MAY
$955
JUN
$1,022,000
JUL AUG
MEDIAN SALES PRICE
SEP
$579
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Fountain Valley DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$738,000
$799,950
$767,500
$760,000
3.0%
Average Price per Square Foot ...........................
$369
$362
$384
$393
6.5%
Properties Sold .......................................................
37
23
17
23
-37.8%
Properties Pending Sale .......................................
36
30
26
35
-2.8%
Properties For Sale ................................................
78
72
51
72
-7.7%
Days on Market (Pending Sale) ...........................
40
29
41
18
-55.0%
Month’s Supply of Inventory ................................
2.1
3.1
3
3.1
48.5%
Percent Under Contract ........................................
46.2%
41.7%
51.0%
48.6%
5.3%
Average Median Price for Last 12 Months ........
$719,992
$779,458
$797,917
$765,708
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 MAY
$738
JUN
$760,000
JUL AUG
MEDIAN SALES PRICE
SEP
$393
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$760 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Huntington Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$817,500
$769,000
$791,000
$880,000
7.6%
Average Price per Square Foot ...........................
$460
$473
$471
$488
6.1%
Properties Sold .......................................................
102
97
76
127
24.5%
Properties Pending Sale .......................................
133
81
92
103
-22.6%
Properties For Sale ................................................
426
281
252
333
-21.8%
Days on Market (Pending Sale) ...........................
50
49
37
34
-32.0%
Month’s Supply of Inventory ................................
4.2
2.9
3.3
2.6
-37.2%
Percent Under Contract ........................................
31.2%
28.8%
36.5%
30.9%
-0.9%
Average Median Price for Last 12 Months ........
$803,958
$822,417
$833,333
$820,269
2.0%
*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 MAY
$817
JUN
$880,000
JUL AUG
MEDIAN SALES PRICE
SEP
$488
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Irvine DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,029,375
$1,075,600
$1,130,000
$1,142,000
10.9%
Average Price per Square Foot ...........................
$500
$464
$475
$519
3.8%
Properties Sold .......................................................
102
92
74
118
15.7%
Properties Pending Sale .......................................
108
82
106
105
-2.8%
Properties For Sale ................................................
459
374
363
458
-0.2%
Days on Market (Pending Sale) ...........................
60
66
36
39
-35.0%
Month’s Supply of Inventory ................................
4.5
4.1
4.9
3.9
-13.7%
Percent Under Contract ........................................
23.5%
21.9%
29.2%
22.9%
-2.6%
Average Median Price for Last 12 Months ........
$984,544
$1,106,000
$1,114,833
$1,083,605
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 MAY
$1.029
JUN
$1,142,000
JUL AUG
MEDIAN SALES PRICE
SEP
$519
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.142 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Ladera Ranch DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$885,000
$835,000
$840,000
$779,000
-12.0%
Average Price per Square Foot ...........................
$350
$365
$362
$350
0.0%
Properties Sold .......................................................
37
27
15
27
-27.0%
Properties Pending Sale .......................................
30
23
22
31
3.3%
Properties For Sale ................................................
132
89
87
130
-1.5%
Days on Market (Pending Sale) ...........................
54
61
33
32
-40.7%
Month’s Supply of Inventory ................................
3.6
3.3
5.8
4.8
35.0%
Percent Under Contract ........................................
22.7%
25.8%
25.3%
23.8%
4.9%
Average Median Price for Last 12 Months ........
$849,942
$889,417
$918,000
$889,846
4.7%
*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 MAY
$885
JUN
$779,000
JUL AUG
MEDIAN SALES PRICE
SEP
$350
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$779 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Laguna Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,995,000
$1,900,000
$2,025,000
$1,925,000
-3.5%
Average Price per Square Foot ...........................
$1,172
$1,081
$1,149
$1,113
-5.0%
Properties Sold .......................................................
35
27
20
39
11.4%
Properties Pending Sale .......................................
30
22
28
26
-13.3%
Properties For Sale ................................................
284
226
200
254
-10.6%
Days on Market (Pending Sale) ...........................
128
143
96
70
-45.3%
Month’s Supply of Inventory ................................
8.1
8.4
10
6.5
-19.7%
Percent Under Contract ........................................
10.6%
9.7%
14.0%
10.2%
-3.1%
Average Median Price for Last 12 Months ........
$1,983,633
$2,250,516
$2,516,198
$2,027,892
2.2%
*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 MAY
$1.995
JUN
$1,925,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,113
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.925 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 : May 2017
telesproperties.com
Laguna Niguel DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$875,000
$855,000
$960,000
$929,500
6.2%
Average Price per Square Foot ...........................
$429
$414
$420
$427
-0.5%
Properties Sold .......................................................
65
53
33
76
16.9%
Properties Pending Sale .......................................
50
37
53
60
20.0%
Properties For Sale ................................................
276
223
208
267
-3.3%
Days on Market (Pending Sale) ...........................
58
82
44
48
-17.2%
Month’s Supply of Inventory ................................
4.2
4.2
6.3
3.5
-17.3%
Percent Under Contract ........................................
18.1%
16.6%
25.5%
22.5%
24.0%
Average Median Price for Last 12 Months ........
$856,521
$912,700
$943,233
$892,592
4.2%
*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 MAY
$875
JUN
$929,500
JUL AUG
MEDIAN SALES PRICE
SEP
$427
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$929 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Laguna Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$817,000
$712,900
$786,256
$865,000
5.9%
Average Price per Square Foot ...........................
$372
$356
$367
$368
-1.1%
Properties Sold .......................................................
28
17
15
32
14.3%
Properties Pending Sale .......................................
30
21
20
33
10.0%
Properties For Sale ................................................
127
104
88
125
-1.6%
Days on Market (Pending Sale) ...........................
79
73
72
30
-62.0%
Month’s Supply of Inventory ................................
4.5
6.1
5.9
3.9
-13.9%
Percent Under Contract ........................................
23.6%
20.2%
22.7%
26.4%
11.8%
Average Median Price for Last 12 Months ........
$792,832
$825,293
$825,500
$835,470
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 MAY
$817
JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$368
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Laguna Woods DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$910,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$478
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
0
1
0
0
n/a
Days on Market (Pending Sale) ...........................
24
0
0
0
-100.0%
Month’s Supply of Inventory ................................
0
n/a
n/a
n/a
n/a
Percent Under Contract ........................................
n/a
0.0%
n/a
n/a
n/a
Average Median Price for Last 12 Months ........
$270,167
n/a
n/a
$910,000
236.8%
*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 MAY
$910
JUN
No sales
JUL AUG
MEDIAN SALES PRICE
SEP
No sales
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
n/a MONTH’S SUPPLY OF INVENTORY
MAR APR MAY M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Lantern Village in Dana Point DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,478,500
$840,000
$1,065,000
$1,646,500
11.4%
Average Price per Square Foot ...........................
$587
$521
$437
$851
45.0%
Properties Sold .......................................................
6
9
2
2
-66.7%
Properties Pending Sale .......................................
7
3
3
4
-42.9%
Properties For Sale ................................................
22
20
20
23
4.5%
Days on Market (Pending Sale) ...........................
105
39
21
14
-86.7%
Month’s Supply of Inventory ................................
3.7
2.2
10
11.5
213.6%
Percent Under Contract ........................................
31.8%
15.0%
15.0%
17.4%
-45.3%
Average Median Price for Last 12 Months ........
$929,917
$1,050,583
$1,191,333
$989,615
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 MAY
$1.478
JUN
$1,646,500
JUL AUG
MEDIAN SALES PRICE
SEP
$851
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.646 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,800,000
$2,880,000
$3,805,800
$2,929,350
4.6%
Average Price per Square Foot ...........................
$1,294
$1,187
$1,196
$1,201
-7.2%
Properties Sold .......................................................
4
6
6
8
100.0%
Properties Pending Sale .......................................
6
5
2
8
33.3%
Properties For Sale ................................................
32
31
28
37
15.6%
Days on Market (Pending Sale) ...........................
57
85
28
54
-5.3%
Month’s Supply of Inventory ................................
8
5.2
4.7
4.6
-42.2%
Percent Under Contract ........................................
18.8%
16.1%
7.1%
21.6%
15.3%
Average Median Price for Last 12 Months ........
$3,368,000
$3,283,192
$3,414,450
$3,223,396
-4.3%
*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 MAY
$2.800
JUN
$2,929,350
JUL AUG
MEDIAN SALES PRICE
SEP
$1,201
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.929 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Mission Viejo DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$680,000
$699,000
$737,250
$750,000
10.3%
Average Price per Square Foot ...........................
$354
$356
$358
$357
0.8%
Properties Sold .......................................................
117
75
56
101
-13.7%
Properties Pending Sale .......................................
111
66
96
112
0.9%
Properties For Sale ................................................
314
223
221
293
-6.7%
Days on Market (Pending Sale) ...........................
39
60
33
36
-7.7%
Month’s Supply of Inventory ................................
2.7
3
3.9
2.9
8.1%
Percent Under Contract ........................................
35.4%
29.6%
43.4%
38.2%
8.1%
Average Median Price for Last 12 Months ........
$668,471
$723,242
$732,667
$707,073
5.8%
*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 MAY
$680
JUN
$750,000
JUL AUG
MEDIAN SALES PRICE
SEP
$357
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Monarch Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,245,000
$1,567,500
$1,090,000
$1,400,000
12.4%
Average Price per Square Foot ...........................
$664
$846
$539
$863
30.0%
Properties Sold .......................................................
11
10
6
11
0.0%
Properties Pending Sale .......................................
18
9
6
17
-5.6%
Properties For Sale ................................................
93
83
73
93
0.0%
Days on Market (Pending Sale) ...........................
128
79
154
87
-32.0%
Month’s Supply of Inventory ................................
8.5
8.3
12.2
8.5
0.0%
Percent Under Contract ........................................
19.4%
10.8%
8.2%
18.3%
-5.6%
Average Median Price for Last 12 Months ........
$1,711,427
$1,768,750
$2,112,500
$1,748,490
2.2%
*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 MAY
$1.245
JUN
$1,400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$863
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Nelle Gail DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$817,000
$712,900
$798,128
$865,000
5.9%
Average Price per Square Foot ...........................
$372
$352
$369
$368
-1.1%
Properties Sold .......................................................
28
15
14
32
14.3%
Properties Pending Sale .......................................
29
21
18
32
10.3%
Properties For Sale ................................................
121
101
84
124
2.5%
Days on Market (Pending Sale) ...........................
81
73
78
31
-61.7%
Month’s Supply of Inventory ................................
4.3
6.7
6
3.9
-10.3%
Percent Under Contract ........................................
24.0%
20.8%
21.4%
25.8%
7.7%
Average Median Price for Last 12 Months ........
$798,874
$854,288
$844,533
$851,368
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 MAY
$817
JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$368
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Newport Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,985,300
$1,840,000
$2,382,500
$2,400,000
20.9%
Average Price per Square Foot ...........................
$1,005
$852
$914
$915
-9.0%
Properties Sold .......................................................
47
62
32
71
51.1%
Properties Pending Sale .......................................
57
52
41
71
24.6%
Properties For Sale ................................................
394
327
278
361
-8.4%
Days on Market (Pending Sale) ...........................
70
84
66
88
25.7%
Month’s Supply of Inventory ................................
8.4
5.3
8.7
5.1
-39.3%
Percent Under Contract ........................................
14.5%
15.9%
14.7%
19.7%
35.9%
Average Median Price for Last 12 Months ........
$1,934,713
$2,210,000
$2,255,000
$2,061,023
6.5%
*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 MAY
$1.985
JUN
$2,400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$915
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Newport Coast DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,450,000
$2,508,625
$3,900,000
$3,945,000
61.0%
Average Price per Square Foot ...........................
$898
$857
$1,118
$1,113
23.9%
Properties Sold .......................................................
11
12
16
20
81.8%
Properties Pending Sale .......................................
18
10
19
13
-27.8%
Properties For Sale ................................................
118
109
107
114
-3.4%
Days on Market (Pending Sale) ...........................
60
92
99
97
61.7%
Month’s Supply of Inventory ................................
10.7
9.1
6.7
5.7
-46.9%
Percent Under Contract ........................................
15.3%
9.2%
17.8%
11.4%
-25.2%
Average Median Price for Last 12 Months ........
$2,997,464
$3,322,917
$3,432,500
$3,119,702
4.1%
*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 MAY
$2.450
JUN
$3,945,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,113
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.945 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Newport Heights DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$0
$1,600,000
$2,925,000
$2,703,000
n/a
Average Price per Square Foot ...........................
$0
$833
$756
$700
n/a
Properties Sold .......................................................
0
5
2
7
n/a
Properties Pending Sale .......................................
7
7
7
4
-42.9%
Properties For Sale ................................................
50
38
28
37
-26.0%
Days on Market (Pending Sale) ...........................
50
45
50
135
170.0%
Month’s Supply of Inventory ................................
n/a
7.6
14
5.3
n/a
Percent Under Contract ........................................
14.0%
18.4%
25.0%
10.8%
-22.8%
Average Median Price for Last 12 Months ........
$1,362,250
$2,011,333
$2,067,667
$2,040,510
49.8%
*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 MAY JUN
$2,703,000
JUL AUG
MEDIAN SALES PRICE
SEP
$700
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.703 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Rancho Santa Margarita DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$707,500
$725,000
$730,000
$768,500
8.6%
Average Price per Square Foot ...........................
$341
$334
$323
$354
3.8%
Properties Sold .......................................................
52
41
21
61
17.3%
Properties Pending Sale .......................................
58
37
39
62
6.9%
Properties For Sale ................................................
155
119
93
152
-1.9%
Days on Market (Pending Sale) ...........................
43
46
34
31
-27.9%
Month’s Supply of Inventory ................................
3
2.9
4.4
2.5
-16.4%
Percent Under Contract ........................................
37.4%
31.1%
41.9%
40.8%
9.0%
Average Median Price for Last 12 Months ........
$702,521
$730,583
$736,167
$728,346
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 MAY
$707
JUN
$768,500
JUL AUG
MEDIAN SALES PRICE
SEP
$354
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
San Clemente DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$935,000
$905,000
$877,500
$975,000
4.3%
Average Price per Square Foot ...........................
$421
$391
$393
$441
4.8%
Properties Sold .......................................................
83
52
35
82
-1.2%
Properties Pending Sale .......................................
78
57
52
61
-21.8%
Properties For Sale ................................................
369
262
239
308
-16.5%
Days on Market (Pending Sale) ...........................
73
79
57
48
-34.2%
Month’s Supply of Inventory ................................
4.4
5
6.8
3.8
-15.5%
Percent Under Contract ........................................
21.1%
21.8%
21.8%
19.8%
-6.3%
Average Median Price for Last 12 Months ........
$917,979
$955,825
$988,317
$941,082
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 MAY
$935
JUN
$975,000
JUL AUG
MEDIAN SALES PRICE
SEP
$441
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$975 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Juan Capistrano DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$786,250
$1,037,000
$840,000
$979,000
24.5%
Average Price per Square Foot ...........................
$354
$336
$391
$395
11.6%
Properties Sold .......................................................
32
28
23
42
31.2%
Properties Pending Sale .......................................
40
33
36
39
-2.5%
Properties For Sale ................................................
187
163
147
185
-1.1%
Days on Market (Pending Sale) ...........................
68
96
71
64
-5.9%
Month’s Supply of Inventory ................................
5.8
5.8
6.4
4.4
-24.6%
Percent Under Contract ........................................
21.4%
20.2%
24.5%
21.1%
-1.4%
Average Median Price for Last 12 Months ........
$942,147
$927,917
$1,014,000
$941,519
-0.1%
*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 MAY
$786
JUN
$979,000
JUL AUG
MEDIAN SALES PRICE
SEP
$395
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$979 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Shady Canyon DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,699,000
$1,320,000
$1,880,000
$2,520,000
48.3%
Average Price per Square Foot ...........................
$668
$729
$637
$699
4.6%
Properties Sold .......................................................
18
5
7
20
11.1%
Properties Pending Sale .......................................
15
7
12
9
-40.0%
Properties For Sale ................................................
93
95
84
89
-4.3%
Days on Market (Pending Sale) ...........................
95
130
57
63
-33.7%
Month’s Supply of Inventory ................................
5.2
19
12
4.4
-13.9%
Percent Under Contract ........................................
16.1%
7.4%
14.3%
10.1%
-37.3%
Average Median Price for Last 12 Months ........
$2,078,933
$2,066,302
$2,231,270
$1,943,408
-6.5%
*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 MAY
$1.699
JUN
$2,520,000
JUL AUG
MEDIAN SALES PRICE
SEP
$699
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.520 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Turtle Ridge DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,625,000
$0
$2,550,000
$2,152,500
-18.0%
Average Price per Square Foot ...........................
$807
$0
$679
$696
-13.8%
Properties Sold .......................................................
2
0
1
4
100.0%
Properties Pending Sale .......................................
4
0
2
1
-75.0%
Properties For Sale ................................................
20
27
26
23
15.0%
Days on Market (Pending Sale) ...........................
100
100
57
291
191.0%
Month’s Supply of Inventory ................................
10
n/a
26
5.8
-42.5%
Percent Under Contract ........................................
20.0%
0.0%
7.7%
4.3%
-78.3%
Average Median Price for Last 12 Months ........
$2,166,250
$2,119,052
$2,097,937
$2,353,580
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 MAY
$2.625
JUN
$2,152,500
JUL AUG
MEDIAN SALES PRICE
SEP
$696
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.152 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Turtle Rock DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,699,000
$1,320,000
$1,660,000
$3,216,146
89.3%
Average Price per Square Foot ...........................
$660
$729
$630
$709
7.4%
Properties Sold .......................................................
14
5
7
15
7.1%
Properties Pending Sale .......................................
10
7
8
6
-40.0%
Properties For Sale ................................................
57
56
46
52
-8.8%
Days on Market (Pending Sale) ...........................
81
130
50
32
-60.5%
Month’s Supply of Inventory ................................
4.1
11.2
6.6
3.5
-14.9%
Percent Under Contract ........................................
17.5%
12.5%
17.4%
11.5%
-34.2%
Average Median Price for Last 12 Months ........
$1,800,258
$2,092,274
$2,489,549
$1,846,088
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 MAY
$1.699
JUN
$3,216,146
JUL AUG
MEDIAN SALES PRICE
SEP
$709
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.216 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Westminster DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$615,000
$620,000
$627,500
$650,000
5.7%
Average Price per Square Foot ...........................
$363
$353
$389
$382
5.2%
Properties Sold .......................................................
40
35
20
34
-15.0%
Properties Pending Sale .......................................
29
34
20
42
44.8%
Properties For Sale ................................................
84
82
63
96
14.3%
Days on Market (Pending Sale) ...........................
42
27
21
22
-47.6%
Month’s Supply of Inventory ................................
2.1
2.3
3.2
2.8
34.5%
Percent Under Contract ........................................
34.5%
41.5%
31.7%
43.8%
26.7%
Average Median Price for Last 12 Months ........
$575,017
$621,417
$629,667
$617,808
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 MAY
$615
JUN
$650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$382
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
West Bay - Santa Ana Heights DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,520,000
$1,700,000
$1,311,000
$1,950,000
28.3%
Average Price per Square Foot ...........................
$700
$575
$668
$673
-3.9%
Properties Sold .......................................................
11
13
7
13
18.2%
Properties Pending Sale .......................................
12
11
10
13
8.3%
Properties For Sale ................................................
78
61
43
67
-14.1%
Days on Market (Pending Sale) ...........................
125
85
74
51
-59.2%
Month’s Supply of Inventory ................................
7.1
4.7
6.1
5.2
-27.3%
Percent Under Contract ........................................
15.4%
18.0%
23.3%
19.4%
26.1%
Average Median Price for Last 12 Months ........
$1,621,583
$1,664,958
$1,766,167
$1,613,942
-0.5%
*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 MAY
$1.520
JUN
$1,950,000
JUL AUG
MEDIAN SALES PRICE
SEP
$673
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.950 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
West Newport - Lido DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$3,100,000
$1,930,000
$4,337,500
$2,225,000
-28.2%
Average Price per Square Foot ...........................
$1,568
$1,062
$1,986
$1,043
-33.5%
Properties Sold .......................................................
5
17
2
14
180.0%
Properties Pending Sale .......................................
9
10
11
9
0.0%
Properties For Sale ................................................
65
62
59
60
-7.7%
Days on Market (Pending Sale) ...........................
73
58
84
97
32.9%
Month’s Supply of Inventory ................................
13
3.6
29.5
4.3
-67.0%
Percent Under Contract ........................................
13.8%
16.1%
18.6%
15.0%
8.3%
Average Median Price for Last 12 Months ........
$2,370,458
$2,696,667
$2,501,667
$2,635,885
11.2%
*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 $3.100
MAY JUN
$2,225,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,043
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santa Barbara County
Carpinteria
Santa Barbara East of State
Goleta
Santa Barbara West of State
Hope Ranch
Santa Ynez
Montecito
Micro Market Report : May 2017
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : May 2017
telesproperties.com
Carpinteria DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,249,500
$1,065,000
$1,512,500
$873,250
-30.1%
Average Price per Square Foot ...........................
$1,511
$1,019
$711
$701
-53.6%
Properties Sold .......................................................
9
7
6
6
-33.3%
Properties Pending Sale .......................................
8
8
16
13
62.5%
Properties For Sale ................................................
37
48
41
47
27.0%
Days on Market (Pending Sale) ...........................
124
36
63
93
-25.0%
Month’s Supply of Inventory ................................
4.1
6.9
6.8
7.8
90.5%
Percent Under Contract ........................................
21.6%
16.7%
39.0%
27.7%
27.9%
Average Median Price for Last 12 Months ........
$1,035,696
$1,107,292
$1,148,417
$1,050,308
1.4%
*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 $1.249
MAY JUN
$873,250
JUL AUG
MEDIAN SALES PRICE
SEP
$701
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$873 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Goleta DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$852,000
$775,000
$849,625
$797,000
-6.5%
Average Price per Square Foot ...........................
$462
$517
$543
$521
12.8%
Properties Sold .......................................................
13
11
10
3
-76.9%
Properties Pending Sale .......................................
15
11
3
15
0.0%
Properties For Sale ................................................
38
42
24
40
5.3%
Days on Market (Pending Sale) ...........................
37
49
9
19
-48.6%
Month’s Supply of Inventory ................................
2.9
3.8
2.4
13.3
356.1%
Percent Under Contract ........................................
39.5%
26.2%
12.5%
37.5%
-5.0%
Average Median Price for Last 12 Months ........
$810,062
$816,063
$804,500
$836,971
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 MAY
$852
JUN
$797,000
JUL AUG
MEDIAN SALES PRICE
SEP
$521
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Hope Ranch DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,200,000
$3,992,500
$2,885,000
$1,930,300
-12.3%
Average Price per Square Foot ...........................
$804
$1,039
$655
$1,018
26.6%
Properties Sold .......................................................
3
2
3
2
-33.3%
Properties Pending Sale .......................................
2
2
2
6
200.0%
Properties For Sale ................................................
30
45
47
37
23.3%
Days on Market (Pending Sale) ...........................
98
19
82
96
-2.0%
Month’s Supply of Inventory ................................
10
22.5
15.7
18.5
85.0%
Percent Under Contract ........................................
6.7%
4.4%
4.3%
16.2%
143.2%
Average Median Price for Last 12 Months ........
$3,428,510
$2,519,712
$2,371,186
$2,686,755
-21.6%
*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 MAY
$2.200
JUN
$1,930,300
JUL AUG
MEDIAN SALES PRICE
SEP
$1,018
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
18.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.930 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 : May 2017
telesproperties.com
Montecito DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,500,000
$2,517,500
$2,663,000
$3,200,000
28.0%
Average Price per Square Foot ...........................
$1,027
$938
$997
$1,010
-1.7%
Properties Sold .......................................................
19
14
12
21
10.5%
Properties Pending Sale .......................................
21
7
22
14
-33.3%
Properties For Sale ................................................
188
182
185
169
-10.1%
Days on Market (Pending Sale) ...........................
117
146
84
160
36.8%
Month’s Supply of Inventory ................................
9.9
13
15.4
8
-18.7%
Percent Under Contract ........................................
11.2%
3.8%
11.9%
8.3%
-25.8%
Average Median Price for Last 12 Months ........
$2,964,583
$3,088,000
$2,851,667
$2,841,577
-4.1%
*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 MAY
$2.500
JUN
$3,200,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,010
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.200 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 : May 2017
telesproperties.com
Santa Barbara East of State DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,222,500
$1,297,500
$1,812,500
$1,110,000
-9.2%
Average Price per Square Foot ...........................
$735
$607
$707
$703
-4.4%
Properties Sold .......................................................
32
22
22
31
-3.1%
Properties Pending Sale .......................................
37
28
35
39
5.4%
Properties For Sale ................................................
147
147
112
132
-10.2%
Days on Market (Pending Sale) ...........................
34
70
101
51
50.0%
Month’s Supply of Inventory ................................
4.6
6.7
5.1
4.3
-7.3%
Percent Under Contract ........................................
25.2%
19.0%
31.2%
29.5%
17.4%
Average Median Price for Last 12 Months ........
$1,268,667
$1,355,195
$1,283,333
$1,297,388
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 MAY
$1.222
JUN
$1,110,000
JUL AUG
MEDIAN SALES PRICE
SEP
$703
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.110 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santa Barbara West of State DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,045,000
$1,070,000
$1,195,000
$1,115,500
6.7%
Average Price per Square Foot ...........................
$695
$697
$761
$778
11.9%
Properties Sold .......................................................
17
29
14
29
70.6%
Properties Pending Sale .......................................
16
18
21
22
37.5%
Properties For Sale ................................................
84
85
73
79
-6.0%
Days on Market (Pending Sale) ...........................
40
45
49
30
-25.0%
Month’s Supply of Inventory ................................
4.9
2.9
5.2
2.7
-44.9%
Percent Under Contract ........................................
19.0%
21.2%
28.8%
27.8%
46.2%
Average Median Price for Last 12 Months ........
$1,084,360
$1,127,816
$1,118,833
$1,093,646
0.9%
*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 MAY
$1.045
JUN
$1,115,500
JUL AUG
MEDIAN SALES PRICE
SEP
$778
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santa Ynez DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$840,000
$744,950
$1,037,500
$1,175,000
39.9%
Average Price per Square Foot ...........................
$439
$348
$403
$508
15.7%
Properties Sold .......................................................
15
10
10
15
0.0%
Properties Pending Sale .......................................
15
15
26
21
40.0%
Properties For Sale ................................................
161
142
142
153
-5.0%
Days on Market (Pending Sale) ...........................
112
117
136
82
-26.8%
Month’s Supply of Inventory ................................
10.7
14.2
14.2
10.2
-5.0%
Percent Under Contract ........................................
9.3%
10.6%
18.3%
13.7%
47.3%
Average Median Price for Last 12 Months ........
$748,479
$923,869
$1,003,724
$847,859
13.3%
*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 MAY
$840
JUN
$1,175,000
JUL AUG
MEDIAN SALES PRICE
SEP
$508
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Monterey County
Carmel
Pacific Grove
Carmel Valley
Pebble Beach
Marina
Salinas
Monterey
Seaside
Micro Market Report : May 2017
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : May 2017
telesproperties.com
Carmel DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,400,000
$1,695,000
$1,350,000
$1,700,000
21.4%
Average Price per Square Foot ...........................
$691
$775
$769
$830
20.1%
Properties Sold .......................................................
16
17
17
21
31.2%
Properties Pending Sale .......................................
23
18
26
28
21.7%
Properties For Sale ................................................
165
170
163
175
6.1%
Days on Market (Pending Sale) ...........................
50
106
105
88
76.0%
Month’s Supply of Inventory ................................
10.3
10
9.6
8.3
-19.2%
Percent Under Contract ........................................
13.9%
10.6%
16.0%
16.0%
14.8%
Average Median Price for Last 12 Months ........
$1,425,250
$1,520,833
$1,571,667
$1,486,538
4.3%
*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 MAY
$1.400
JUN
$1,700,000
JUL AUG
MEDIAN SALES PRICE
SEP
$830
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.700 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Carmel Valley DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,060,000
$1,000,000
$1,185,000
$1,007,500
-5.0%
Average Price per Square Foot ...........................
$471
$470
$474
$481
2.1%
Properties Sold .......................................................
9
13
8
16
77.8%
Properties Pending Sale .......................................
20
4
10
12
-40.0%
Properties For Sale ................................................
77
65
54
70
-9.1%
Days on Market (Pending Sale) ...........................
71
149
144
37
-47.9%
Month’s Supply of Inventory ................................
8.6
5
6.8
4.4
-48.9%
Percent Under Contract ........................................
26.0%
6.2%
18.5%
17.1%
-34.0%
Average Median Price for Last 12 Months ........
$904,525
$1,179,083
$1,094,833
$1,130,346
25.0%
*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 MAY
$1.060
JUN
$1,007,500
JUL AUG
MEDIAN SALES PRICE
SEP
$481
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.007 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Marina DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$501,000
$487,500
$485,000
$541,000
8.0%
Average Price per Square Foot ...........................
$336
$345
$346
$337
0.3%
Properties Sold .......................................................
11
8
6
12
9.1%
Properties Pending Sale .......................................
13
12
16
16
23.1%
Properties For Sale ................................................
26
36
38
43
65.4%
Days on Market (Pending Sale) ...........................
52
26
32
43
-17.3%
Month’s Supply of Inventory ................................
2.4
4.5
6.3
3.6
51.6%
Percent Under Contract ........................................
50.0%
33.3%
42.1%
37.2%
-25.6%
Average Median Price for Last 12 Months ........
$464,038
$520,160
$529,153
$506,920
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 MAY
$501
JUN
$541,000
JUL AUG
MEDIAN SALES PRICE
SEP
$337
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$541 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Monterey DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$850,000
$802,250
$695,000
$800,000
-5.9%
Average Price per Square Foot ...........................
$455
$481
$369
$470
3.3%
Properties Sold .......................................................
19
18
12
28
47.4%
Properties Pending Sale .......................................
13
21
13
18
38.5%
Properties For Sale ................................................
86
80
67
89
3.5%
Days on Market (Pending Sale) ...........................
31
44
112
40
29.0%
Month’s Supply of Inventory ................................
4.5
4.4
5.6
3.2
-29.8%
Percent Under Contract ........................................
15.1%
26.2%
19.4%
20.2%
33.8%
Average Median Price for Last 12 Months ........
$723,104
$760,250
$798,333
$770,815
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 MAY
$850
JUN
$800,000
JUL AUG
MEDIAN SALES PRICE
SEP
$470
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Pacific Grove DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,064,500
$797,000
$1,172,000
$885,000
-16.9%
Average Price per Square Foot ...........................
$615
$626
$629
$691
12.4%
Properties Sold .......................................................
18
9
10
16
-11.1%
Properties Pending Sale .......................................
20
11
16
18
-10.0%
Properties For Sale ................................................
61
56
43
54
-11.5%
Days on Market (Pending Sale) ...........................
70
79
62
47
-32.9%
Month’s Supply of Inventory ................................
3.4
6.2
4.3
3.4
-0.4%
Percent Under Contract ........................................
32.8%
19.6%
37.2%
33.3%
1.7%
Average Median Price for Last 12 Months ........
$837,917
$994,833
$975,667
$931,846
11.2%
*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 $1.064
MAY JUN
$885,000
JUL AUG
MEDIAN SALES PRICE
SEP
$691
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Pebble Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,550,000
$1,305,000
$1,375,000
$1,755,000
13.2%
Average Price per Square Foot ...........................
$742
$599
$662
$590
-20.5%
Properties Sold .......................................................
9
9
6
12
33.3%
Properties Pending Sale .......................................
14
9
8
16
14.3%
Properties For Sale ................................................
87
83
87
101
16.1%
Days on Market (Pending Sale) ...........................
154
175
95
82
-46.8%
Month’s Supply of Inventory ................................
9.7
9.2
14.5
8.4
-12.9%
Percent Under Contract ........................................
16.1%
10.8%
9.2%
15.8%
-1.6%
Average Median Price for Last 12 Months ........
$1,613,500
$1,749,833
$1,525,500
$1,710,308
6.0%
*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 MAY
$1.550
JUN
$1,755,000
JUL AUG
MEDIAN SALES PRICE
SEP
$590
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.755 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Salinas DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$470,000
$435,000
$440,000
$525,000
11.7%
Average Price per Square Foot ...........................
$275
$286
$281
$296
7.6%
Properties Sold .......................................................
65
53
33
49
-24.6%
Properties Pending Sale .......................................
89
48
55
71
-20.2%
Properties For Sale ................................................
223
191
164
196
-12.1%
Days on Market (Pending Sale) ...........................
42
59
51
51
21.4%
Month’s Supply of Inventory ................................
3.4
3.6
5
4
16.6%
Percent Under Contract ........................................
39.9%
25.1%
33.5%
36.2%
-9.2%
Average Median Price for Last 12 Months ........
$422,969
$478,500
$506,333
$472,962
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 MAY
$470
JUN
$525,000
JUL AUG
MEDIAN SALES PRICE
SEP
$296
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Seaside DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$450,345
$450,000
$518,000
$482,500
7.1%
Average Price per Square Foot ...........................
$356
$363
$355
$339
-4.8%
Properties Sold .......................................................
8
15
11
22
175.0%
Properties Pending Sale .......................................
21
17
17
25
19.0%
Properties For Sale ................................................
50
43
42
56
12.0%
Days on Market (Pending Sale) ...........................
33
38
35
39
18.2%
Month’s Supply of Inventory ................................
6.2
2.9
3.8
2.5
-59.3%
Percent Under Contract ........................................
42.0%
39.5%
40.5%
44.6%
6.3%
Average Median Price for Last 12 Months ........
$437,758
$485,083
$490,833
$473,142
8.1%
*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 MAY
$450
JUN
$482,500
JUL AUG
MEDIAN SALES PRICE
SEP
$339
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$482 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Diego County
San Diego Macro
La Mesa
Carlsbad
Lemon Grove
Carmel Valley
National City
Chula Vista
Oceanside
Coronado
Poway
Del Mar
Rancho Bernardo
El Cajon
San Marcos
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Vista
La Jolla
Micro Market Report : May 2017
telesproperties.com
County: SAN DIEGO Area: 4,526 SQ MILES Founded: 1850
Micro Market Report : May 2017
telesproperties.com
San Diego County DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$568,500
$560,000
$565,000
$612,950
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
2272
1887
1465
2299
1.2%
Properties Pending Sale .......................................
2628
1870
2053
2645
0.6%
Properties For Sale ................................................
8,197
7,033
5,984
7,357
-10.2%
Days on Market (Pending Sale) ...........................
37
47
40
33
-10.8%
Month’s Supply of Inventory ................................
3.6
3.7
4.1
3.2
-11.3%
Percent Under Contract ........................................
32.1%
26.6%
34.3%
36.0%
12.1%
Average Median Price for Last 12 Months ........
$541,042
$580,080
$595,327
$573,345
5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAY
$568
JUN
$612,950
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$612 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Bay Park/Old Town/Midway District DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$785,000
$770,500
$667,500
$820,000
4.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
9
11
2
5
-44.4%
Properties Pending Sale .......................................
6
6
11
16
166.7%
Properties For Sale ................................................
28
25
21
31
10.7%
Days on Market (Pending Sale) ...........................
28
25
40
50
78.6%
Month’s Supply of Inventory ................................
3.1
2.3
10.5
6.2
99.3%
Percent Under Contract ........................................
21.4%
24.0%
52.4%
51.6%
140.9%
Average Median Price for Last 12 Months ........
$705,750
$762,083
$798,000
$765,565
7.8%
*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 MAY
$785
JUN
$820,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Carlsbad DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$930,000
$830,000
$878,000
$960,000
3.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
121
63
57
123
1.7%
Properties Pending Sale .......................................
114
73
110
136
19.3%
Properties For Sale ................................................
344
287
275
332
-3.5%
Days on Market (Pending Sale) ...........................
29
35
55
30
3.4%
Month’s Supply of Inventory ................................
2.8
4.6
4.8
2.7
-5.1%
Percent Under Contract ........................................
33.1%
25.4%
40.0%
41.0%
23.6%
Average Median Price for Last 12 Months ........
$842,642
$910,500
$953,000
$895,923
5.9%
*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 MAY
$930
JUN
$960,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$960 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Carmel Valley DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,122,000
$1,194,500
$1,287,500
$1,222,500
9.0%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
50
42
32
60
20.0%
Properties Pending Sale .......................................
73
27
41
58
-20.5%
Properties For Sale ................................................
223
139
126
166
-25.6%
Days on Market (Pending Sale) ...........................
36
53
51
26
-27.8%
Month’s Supply of Inventory ................................
4.5
3.3
3.9
2.8
-38.0%
Percent Under Contract ........................................
32.7%
19.4%
32.5%
34.9%
6.7%
Average Median Price for Last 12 Months ........
$1,125,329
$1,212,667
$1,212,000
$1,184,692
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 MAY
$1.122
JUN
$1,222,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.222 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Chula Vista DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$490,000
$500,000
$500,000
$539,900
10.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
190
137
111
151
-20.5%
Properties Pending Sale .......................................
196
158
141
181
-7.7%
Properties For Sale ................................................
476
446
372
425
-10.7%
Days on Market (Pending Sale) ...........................
32
42
33
32
0.0%
Month’s Supply of Inventory ................................
2.5
3.3
3.4
2.8
12.3%
Percent Under Contract ........................................
41.2%
35.4%
37.9%
42.6%
3.4%
Average Median Price for Last 12 Months ........
$492,607
$521,254
$531,300
$515,629
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 MAY
$490
JUN
$539,900
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$539 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Clairemont/Bay Ho/Bay Park DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$573,500
$595,000
$589,750
$677,500
18.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
42
35
28
37
-11.9%
Properties Pending Sale .......................................
40
28
31
46
15.0%
Properties For Sale ................................................
97
70
63
84
-13.4%
Days on Market (Pending Sale) ...........................
19
28
21
17
-10.5%
Month’s Supply of Inventory ................................
2.3
2
2.2
2.3
-1.7%
Percent Under Contract ........................................
41.2%
40.0%
49.2%
54.8%
32.8%
Average Median Price for Last 12 Months ........
$563,029
$635,542
$651,167
$608,323
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 MAY
$573
JUN
$677,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Coronado DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,835,000
$1,506,250
$1,800,000
$1,650,000
-10.1%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
20
6
17
17
-15.0%
Properties Pending Sale .......................................
17
6
23
10
-41.2%
Properties For Sale ................................................
123
121
121
116
-5.7%
Days on Market (Pending Sale) ...........................
41
79
61
91
122.0%
Month’s Supply of Inventory ................................
6.2
20.2
7.1
6.8
11.0%
Percent Under Contract ........................................
13.8%
5.0%
19.0%
8.6%
-37.6%
Average Median Price for Last 12 Months ........
$1,700,628
$1,683,750
$1,746,667
$1,735,038
2.0%
*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 MAY
$1.835
JUN
$1,650,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Del Mar DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,750,000
$1,838,000
$1,625,000
$2,025,000
15.7%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
17
11
11
13
-23.5%
Properties Pending Sale .......................................
20
6
16
20
0.0%
Properties For Sale ................................................
104
77
83
101
-2.9%
Days on Market (Pending Sale) ...........................
212
87
41
43
-79.7%
Month’s Supply of Inventory ................................
6.1
7
7.5
7.8
27.0%
Percent Under Contract ........................................
19.2%
7.8%
19.3%
19.8%
3.0%
Average Median Price for Last 12 Months ........
$1,877,240
$1,806,250
$1,855,000
$1,794,269
-4.6%
*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 MAY
$1.750
JUN
$2,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
El Cajon DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$491,500
$485,000
$475,000
$527,500
7.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
106
109
77
102
-3.8%
Properties Pending Sale .......................................
128
99
107
140
9.4%
Properties For Sale ................................................
369
344
271
318
-13.8%
Days on Market (Pending Sale) ...........................
31
33
47
28
-9.7%
Month’s Supply of Inventory ................................
3.5
3.2
3.5
3.1
-10.4%
Percent Under Contract ........................................
34.7%
28.8%
39.5%
44.0%
26.9%
Average Median Price for Last 12 Months ........
$457,558
$490,750
$509,167
$492,966
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 MAY
$491
JUN
$527,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$527 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Encinitas DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,316,000
$1,247,500
$1,182,500
$1,100,000
-16.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
47
48
20
55
17.0%
Properties Pending Sale .......................................
58
34
38
59
1.7%
Properties For Sale ................................................
198
153
130
177
-10.6%
Days on Market (Pending Sale) ...........................
34
73
36
45
32.4%
Month’s Supply of Inventory ................................
4.2
3.2
6.5
3.2
-23.6%
Percent Under Contract ........................................
29.3%
22.2%
29.2%
33.3%
13.8%
Average Median Price for Last 12 Months ........
$1,075,567
$1,170,112
$1,137,483
$1,202,552
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 MAY
$1.316
JUN
$1,100,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.100 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Escondido DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$489,107
$500,000
$525,000
$560,000
14.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
166
147
81
152
-8.4%
Properties Pending Sale .......................................
162
135
129
185
14.2%
Properties For Sale ................................................
533
482
374
526
-1.3%
Days on Market (Pending Sale) ...........................
37
56
34
36
-2.7%
Month’s Supply of Inventory ................................
3.2
3.3
4.6
3.5
7.8%
Percent Under Contract ........................................
30.4%
28.0%
34.5%
35.2%
15.7%
Average Median Price for Last 12 Months ........
$473,592
$528,667
$545,667
$513,701
7.8%
*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 MAY
$489
JUN
$560,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$560 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Imperial-Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$421,250
$454,500
$517,000
$607,918
44.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
10
5
8
-33.3%
Properties Pending Sale .......................................
8
10
12
7
-12.5%
Properties For Sale ................................................
24
39
34
31
29.2%
Days on Market (Pending Sale) ...........................
49
24
36
35
-28.6%
Month’s Supply of Inventory ................................
2
3.9
6.8
3.9
93.8%
Percent Under Contract ........................................
33.3%
25.6%
35.3%
22.6%
-32.3%
Average Median Price for Last 12 Months ........
$446,833
$548,978
$576,473
$531,163
15.9%
*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 MAY
$421
JUN
$607,918
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$607 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
La Jolla DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$2,350,000
$1,750,000
$2,130,000
$2,455,000
4.5%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
34
29
24
31
-8.8%
Properties Pending Sale .......................................
34
20
25
37
8.8%
Properties For Sale ................................................
263
227
217
253
-3.8%
Days on Market (Pending Sale) ...........................
53
70
70
53
0.0%
Month’s Supply of Inventory ................................
7.7
7.8
9
8.2
5.5%
Percent Under Contract ........................................
12.9%
8.8%
11.5%
14.6%
13.1%
Average Median Price for Last 12 Months ........
$1,938,776
$2,030,000
$2,093,333
$2,000,846
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 MAY
$2.350
JUN
$2,455,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.455 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
La Mesa DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$490,500
$535,000
$559,000
$577,000
17.6%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
64
45
49
72
12.5%
Properties Pending Sale .......................................
91
55
45
68
-25.3%
Properties For Sale ................................................
217
184
42
171
-21.2%
Days on Market (Pending Sale) ...........................
36
39
33
27
-25.0%
Month’s Supply of Inventory ................................
2.4
3.3
0.9
2.4
-0.4%
Percent Under Contract ........................................
41.9%
29.9%
107.1%
39.8%
-5.2%
Average Median Price for Last 12 Months ........
$489,289
$543,167
$549,167
$531,115
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 MAY
$490
JUN
$577,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$577 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Linda Vista/Clairemont Mesa East DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$566,500
$555,000
$590,000
$579,000
2.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
16
23
16
24
50.0%
Properties Pending Sale .......................................
23
13
10
26
13.0%
Properties For Sale ................................................
51
30
16
45
-11.8%
Days on Market (Pending Sale) ...........................
17
42
10
15
-11.8%
Month’s Supply of Inventory ................................
2.2
2.3
1.6
1.9
-15.4%
Percent Under Contract ........................................
45.1%
43.3%
62.5%
57.8%
28.1%
Average Median Price for Last 12 Months ........
$529,333
$569,417
$572,167
$557,231
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 MAY
$566
JUN
$579,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$579 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Lemon Grove DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$386,500
$422,000
$440,750
$419,000
8.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
22
20
8
21
-4.5%
Properties Pending Sale .......................................
36
24
22
22
-38.9%
Properties For Sale ................................................
61
50
44
42
-31.1%
Days on Market (Pending Sale) ...........................
42
24
36
14
-66.7%
Month’s Supply of Inventory ................................
1.7
2.1
2
2
18.0%
Percent Under Contract ........................................
59.0%
48.0%
50.0%
52.4%
-11.2%
Average Median Price for Last 12 Months ........
$387,396
$429,208
$435,000
$421,481
8.1%
*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 MAY
$386
JUN
$419,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$419 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
National City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$347,000
$384,000
$390,000
$400,000
15.3%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
12
16
17
15
25.0%
Properties Pending Sale .......................................
17
22
21
14
-17.6%
Properties For Sale ................................................
39
59
48
46
17.9%
Days on Market (Pending Sale) ...........................
42
87
40
19
-54.8%
Month’s Supply of Inventory ................................
2.3
2.7
2.3
3.1
33.7%
Percent Under Contract ........................................
43.6%
37.3%
43.8%
30.4%
-30.2%
Average Median Price for Last 12 Months ........
$352,375
$385,167
$392,000
$382,019
7.8%
*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 MAY
$347
JUN
$400,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Oceanside DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$510,000
$508,000
$495,000
$550,000
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
145
107
93
145
0.0%
Properties Pending Sale .......................................
157
110
136
162
3.2%
Properties For Sale ................................................
361
301
299
348
-3.6%
Days on Market (Pending Sale) ...........................
30
39
26
23
-23.3%
Month’s Supply of Inventory ................................
2.5
2.8
3.2
2.4
-3.6%
Percent Under Contract ........................................
43.5%
36.5%
45.5%
46.6%
7.0%
Average Median Price for Last 12 Months ........
$987,500
$521,417
$536,667
$515,962
-91.4%
*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 MAY
$510
JUN
$550,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$550 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Poway DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$712,500
$650,000
$720,000
$765,000
7.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
50
37
39
59
18.0%
Properties Pending Sale .......................................
60
46
43
52
-13.3%
Properties For Sale ................................................
207
147
117
176
-15.0%
Days on Market (Pending Sale) ...........................
36
48
48
21
-41.7%
Month’s Supply of Inventory ................................
4.1
4
3
3
-27.9%
Percent Under Contract ........................................
29.0%
31.3%
36.8%
29.5%
1.9%
Average Median Price for Last 12 Months ........
$644,563
$727,092
$780,917
$703,562
8.4%
*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 MAY
$712
JUN
$765,000
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$765 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Rancho Bernardo DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$784,000
$746,000
$706,000
$885,250
12.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
99
85
62
114
15.2%
Properties Pending Sale .......................................
109
81
101
131
20.2%
Properties For Sale ................................................
415
288
47
338
-18.6%
Days on Market (Pending Sale) ...........................
30
50
27
25
-16.7%
Month’s Supply of Inventory ................................
4.2
4.3
5
3
-29.9%
Percent Under Contract ........................................
26.3%
28.1%
214.9%
38.8%
47.6%
Average Median Price for Last 12 Months ........
$722,146
$796,167
$829,583
$772,141
6.5%
*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 MAY
$784
JUN
$885,250
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$885 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Marcos DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$644,500
$660,000
$669,000
$626,500
-2.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
82
66
32
84
2.4%
Properties Pending Sale .......................................
110
68
70
92
-16.4%
Properties For Sale ................................................
206
178
135
190
-7.8%
Days on Market (Pending Sale) ...........................
27
39
23
17
-37.0%
Month’s Supply of Inventory ................................
2.5
2.7
4.2
2.3
-10.0%
Percent Under Contract ........................................
53.4%
38.2%
51.9%
48.4%
-9.3%
Average Median Price for Last 12 Months ........
$571,279
$634,792
$630,750
$627,304
8.9%
*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 MAY
$644
JUN
$626,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$626 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
San Diego DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$585,000
$595,000
$599,750
$631,500
7.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
67
69
46
66
-1.5%
Properties Pending Sale .......................................
69
47
52
88
27.5%
Properties For Sale ................................................
176
125
100
160
-9.1%
Days on Market (Pending Sale) ...........................
19
31
23
23
21.1%
Month’s Supply of Inventory ................................
2.6
1.8
2.2
2.4
-7.7%
Percent Under Contract ........................................
39.2%
37.6%
52.0%
55.0%
40.3%
Average Median Price for Last 12 Months ........
$563,142
$614,708
$625,833
$598,165
5.9%
*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 MAY
$585
JUN
$631,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$631 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santee DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$467,500
$464,950
$462,500
$497,500
6.4%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
52
32
29
44
-15.4%
Properties Pending Sale .......................................
49
41
35
41
-16.3%
Properties For Sale ................................................
117
90
68
87
-25.6%
Days on Market (Pending Sale) ...........................
39
46
38
25
-35.9%
Month’s Supply of Inventory ................................
2.2
2.8
2.3
2
-12.1%
Percent Under Contract ........................................
41.9%
45.6%
51.5%
47.1%
12.5%
Average Median Price for Last 12 Months ........
$455,108
$487,083
$494,500
$479,069
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 MAY
$467
JUN
$497,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$497 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Solana Beach DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,190,000
$1,572,500
$1,450,000
$1,522,500
27.9%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
8
6
3
12
50.0%
Properties Pending Sale .......................................
7
6
8
15
114.3%
Properties For Sale ................................................
37
32
32
43
16.2%
Days on Market (Pending Sale) ...........................
36
58
33
47
30.6%
Month’s Supply of Inventory ................................
4.6
5.3
10.7
3.6
-22.5%
Percent Under Contract ........................................
18.9%
18.8%
25.0%
34.9%
84.4%
Average Median Price for Last 12 Months ........
$1,364,792
$1,755,417
$1,510,833
$1,551,500
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 MAY
$1.190
JUN
$1,522,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.522 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 : May 2017
telesproperties.com
Spring Valley DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$415,000
$430,000
$445,000
$447,500
7.8%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
54
52
47
52
-3.7%
Properties Pending Sale .......................................
57
50
63
65
14.0%
Properties For Sale ................................................
153
174
120
133
-13.1%
Days on Market (Pending Sale) ...........................
39
38
43
31
-20.5%
Month’s Supply of Inventory ................................
2.8
3.3
2.6
2.6
-9.7%
Percent Under Contract ........................................
37.3%
28.7%
52.5%
48.9%
31.2%
Average Median Price for Last 12 Months ........
$404,954
$442,242
$444,167
$434,765
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 MAY
$415
JUN
$447,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$447 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Vista DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$510,000
$498,000
$519,000
$531,500
4.2%
Average Price per Square Foot ...........................
n/a
n/a
n/a
n/a
n/a
Properties Sold .......................................................
71
71
63
90
26.8%
Properties Pending Sale .......................................
105
86
79
100
-4.8%
Properties For Sale ................................................
298
258
196
257
-13.8%
Days on Market (Pending Sale) ...........................
33
46
34
28
-15.2%
Month’s Supply of Inventory ................................
4.2
3.6
3.1
2.9
-32.0%
Percent Under Contract ........................................
35.2%
33.3%
40.3%
38.9%
10.4%
Average Median Price for Last 12 Months ........
$474,478
$507,500
$521,167
$499,865
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 MAY
$510
JUN
$531,500
JUL AUG
MEDIAN SALES PRICE
SEP
n/a
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$531 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Riverside County
Bermuda Dunes
La Quinta
Cathedral City
Palm Desert
Coachella
Palm Springs
Desert Hot Springs
Rancho Mirage
Indian Wells
Thousand Palms
Indio
Micro Market Report : May 2017
telesproperties.com
County: RIVERSIDE Area: 7,303 SQ MILES Founded: 1893
Micro Market Report : May 2017
telesproperties.com
Bermuda Dunes DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$0
$279,000
$0
$301,250
n/a
Average Price per Square Foot ...........................
$0
$148
$0
$142
n/a
Properties Sold .......................................................
0
1
0
4
n/a
Properties Pending Sale .......................................
0
0
0
0
n/a
Properties For Sale ................................................
13
9
11
10
-23.1%
Days on Market (Pending Sale) ...........................
0
0
0
0
n/a
Month’s Supply of Inventory ................................
n/a
9
n/a
2.5
n/a
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months ........
$244,886
$683,750
$800,625
$497,536
50.8%
*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 MAY JUN
$301,250
JUL AUG
MEDIAN SALES PRICE
SEP
$142
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$301 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Cathedral City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$254,500
$271,500
$253,000
$283,000
11.2%
Average Price per Square Foot ...........................
$147
$168
$160
$170
15.6%
Properties Sold .......................................................
14
24
15
26
85.7%
Properties Pending Sale .......................................
19
26
14
26
36.8%
Properties For Sale ................................................
148
118
114
126
-14.9%
Days on Market (Pending Sale) ...........................
76
87
54
48
-36.8%
Month’s Supply of Inventory ................................
10.6
4.9
7.6
4.8
-54.2%
Percent Under Contract ........................................
12.8%
22.0%
12.3%
20.6%
60.7%
Average Median Price for Last 12 Months ........
$275,750
$284,358
$278,000
$277,646
0.7%
*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 MAY
$254
JUN
$283,000
JUL AUG
MEDIAN SALES PRICE
SEP
$170
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$283 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Coachella DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$205,000
$235,000
$107,500
$245,500
19.8%
Average Price per Square Foot ...........................
$151
$160
$145
$126
-16.6%
Properties Sold .......................................................
1
1
2
2
100.0%
Properties Pending Sale .......................................
3
5
3
4
33.3%
Properties For Sale ................................................
11
17
14
15
36.4%
Days on Market (Pending Sale) ...........................
72
36
47
28
-61.1%
Month’s Supply of Inventory ................................
11
17
7
7.5
-31.8%
Percent Under Contract ........................................
27.3%
29.4%
21.4%
26.7%
-2.2%
Average Median Price for Last 12 Months ........
$223,510
$202,417
$221,167
$209,462
-6.7%
*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 MAY
$205
JUN
$245,500
JUL AUG
MEDIAN SALES PRICE
SEP
$126
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$245 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Desert Hot Springs DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$202,000
$181,000
$175,000
$190,000
-5.9%
Average Price per Square Foot ...........................
$121
$118
$123
$120
-0.8%
Properties Sold .......................................................
31
24
15
28
-9.7%
Properties Pending Sale .......................................
28
18
24
29
3.6%
Properties For Sale ................................................
190
158
155
160
-15.8%
Days on Market (Pending Sale) ...........................
131
46
55
84
-35.9%
Month’s Supply of Inventory ................................
6.1
6.6
10.3
5.7
-6.8%
Percent Under Contract ........................................
14.7%
11.4%
15.5%
18.1%
23.0%
Average Median Price for Last 12 Months ........
$165,471
$185,400
$194,150
$183,537
9.8%
*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 MAY
$202
JUN
$190,000
JUL AUG
MEDIAN SALES PRICE
SEP
$120
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Indian Wells DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$535,000
$0
$799,000
$535,000
0.0%
Average Price per Square Foot ...........................
$205
$0
$320
$248
21.0%
Properties Sold .......................................................
2
0
1
5
150.0%
Properties Pending Sale .......................................
1
3
1
0
-100.0%
Properties For Sale ................................................
17
19
19
14
-17.6%
Days on Market (Pending Sale) ...........................
432
61
11
0
-100.0%
Month’s Supply of Inventory ................................
8.5
n/a
19
2.8
-67.1%
Percent Under Contract ........................................
5.9%
15.8%
5.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$612,552
$645,550
$546,250
$699,250
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 MAY
$535
JUN
$535,000
JUL AUG
MEDIAN SALES PRICE
SEP
$248
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$535 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Indio DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$235,000
$230,500
$292,000
$267,500
13.8%
Average Price per Square Foot ...........................
$141
$137
$145
$142
0.7%
Properties Sold .......................................................
19
11
16
14
-26.3%
Properties Pending Sale .......................................
17
17
21
20
17.6%
Properties For Sale ................................................
94
91
96
97
3.2%
Days on Market (Pending Sale) ...........................
61
67
85
102
67.2%
Month’s Supply of Inventory ................................
4.9
8.3
6
6.9
40.0%
Percent Under Contract ........................................
18.1%
18.7%
21.9%
20.6%
14.0%
Average Median Price for Last 12 Months ........
$286,864
$276,380
$289,167
$262,627
-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 MAY
$235
JUN
$267,500
JUL AUG
MEDIAN SALES PRICE
SEP
$142
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$267 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
La Quinta DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$330,000
$246,000
$380,000
$360,000
9.1%
Average Price per Square Foot ...........................
$175
$223
$176
$211
20.6%
Properties Sold .......................................................
13
5
9
13
0.0%
Properties Pending Sale .......................................
8
15
15
18
125.0%
Properties For Sale ................................................
107
117
107
103
-3.7%
Days on Market (Pending Sale) ...........................
66
124
106
68
3.0%
Month’s Supply of Inventory ................................
8.2
23.4
11.9
7.9
-3.7%
Percent Under Contract ........................................
7.5%
12.8%
14.0%
17.5%
133.7%
Average Median Price for Last 12 Months ........
$323,148
$394,583
$389,167
$348,629
7.3%
*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 MAY
$330
JUN
$360,000
JUL AUG
MEDIAN SALES PRICE
SEP
$211
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$360 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Palm Desert DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$365,750
$355,000
$300,000
$331,000
-9.5%
Average Price per Square Foot ...........................
$193
$200
$230
$186
-3.6%
Properties Sold .......................................................
16
15
5
14
-12.5%
Properties Pending Sale .......................................
18
10
14
17
-5.6%
Properties For Sale ................................................
139
88
98
100
-28.1%
Days on Market (Pending Sale) ...........................
115
85
74
54
-53.0%
Month’s Supply of Inventory ................................
8.7
5.9
19.6
7.1
-17.8%
Percent Under Contract ........................................
12.9%
11.4%
14.3%
17.0%
31.3%
Average Median Price for Last 12 Months ........
$466,979
$328,233
$354,833
$349,528
-33.6%
*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 MAY
$365
JUN
$331,000
JUL AUG
MEDIAN SALES PRICE
SEP
$186
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$331 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Palm Springs DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$547,000
$575,000
$565,000
$600,000
9.7%
Average Price per Square Foot ...........................
$328
$341
$295
$335
2.1%
Properties Sold .......................................................
72
63
67
81
12.5%
Properties Pending Sale .......................................
78
52
93
100
28.2%
Properties For Sale ................................................
555
457
466
456
-17.8%
Days on Market (Pending Sale) ...........................
97
96
99
80
-17.5%
Month’s Supply of Inventory ................................
7.7
7.3
7
5.6
-27.0%
Percent Under Contract ........................................
14.1%
11.4%
20.0%
21.9%
56.0%
Average Median Price for Last 12 Months ........
$555,875
$593,908
$602,483
$584,073
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 MAY
$547
JUN
$600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$335
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Rancho Mirage DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$649,000
$475,000
$600,000
$600,000
-7.6%
Average Price per Square Foot ...........................
$199
$226
$294
$335
68.3%
Properties Sold .......................................................
4
6
16
81
1925.0%
Properties Pending Sale .......................................
10
4
17
100
900.0%
Properties For Sale ................................................
146
129
166
456
212.3%
Days on Market (Pending Sale) ...........................
106
117
120
80
-24.5%
Month’s Supply of Inventory ................................
36.5
21.5
10.4
5.6
-84.6%
Percent Under Contract ........................................
6.8%
3.1%
10.2%
21.9%
220.2%
Average Median Price for Last 12 Months ........
$556,677
$542,750
$588,333
$533,269
-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 MAY
$649
JUN
$600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$335
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Thousand Palms DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$0
$0
$230,000
$190,000
n/a
Average Price per Square Foot ...........................
$0
$0
$180
$152
n/a
Properties Sold .......................................................
0
0
1
1
n/a
Properties Pending Sale .......................................
1
1
2
0
-100.0%
Properties For Sale ................................................
4
7
7
14
250.0%
Days on Market (Pending Sale) ...........................
51
13
28
0
-100.0%
Month’s Supply of Inventory ................................
4
7
3.5
14
250.0%
Percent Under Contract ........................................
25.0%
14.3%
28.6%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$74,875
$160,541
$141,650
$166,799
55.1%
*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 MAY JUN
$190,000
JUL AUG
MEDIAN SALES PRICE
SEP
$152
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
14 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$190 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Condominiums
Beverly Center - Miracle Mile
Santa Monica
Beverly Hills
Sherman Oaks
Brentwood
Studio City
Culver City
Venice
Encino
West Hollywood
Malibu
West LA
Marina Del Rey
Westwood - Century City
Micro Market Report : May 2017
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : May 2017
telesproperties.com
Beverly Center - Miracle Mile DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$649,500
$727,500
$680,000
$865,000
33.2%
Average Price per Square Foot ...........................
$565
$552
$542
$591
4.6%
Properties Sold .......................................................
5
6
5
10
100.0%
Properties Pending Sale .......................................
18
8
6
11
-38.9%
Properties For Sale ................................................
44
31
24
28
-36.4%
Days on Market (Pending Sale) ...........................
40
44
39
30
-25.0%
Month’s Supply of Inventory ................................
8.8
5.2
4.8
2.8
-68.2%
Percent Under Contract ........................................
40.9%
25.8%
25.0%
39.3%
-4.0%
Average Median Price for Last 12 Months ........
$707,599
$732,083
$738,833
$745,808
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 MAY
$649
JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$591
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
Beverly Hills DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,130,000
$1,138,000
$957,500
$1,737,500
53.8%
Average Price per Square Foot ...........................
$681
$1,414
$574
$951
39.6%
Properties Sold .......................................................
10
5
4
10
0.0%
Properties Pending Sale .......................................
7
6
10
8
14.3%
Properties For Sale ................................................
57
47
54
59
3.5%
Days on Market (Pending Sale) ...........................
93
72
44
46
-50.5%
Month’s Supply of Inventory ................................
5.7
9.4
13.5
5.9
3.5%
Percent Under Contract ........................................
12.3%
12.8%
18.5%
13.6%
10.4%
Average Median Price for Last 12 Months ........
$1,180,750
$1,338,333
$1,543,750
$1,279,722
8.4%
*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 MAY
$1.130
JUN
$1,737,500
JUL AUG
MEDIAN SALES PRICE
SEP
$951
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.737 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Brentwood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$798,180
$785,000
$876,000
$995,000
24.7%
Average Price per Square Foot ...........................
$666
$637
$613
$671
0.8%
Properties Sold .......................................................
20
14
13
21
5.0%
Properties Pending Sale .......................................
14
10
12
18
28.6%
Properties For Sale ................................................
51
56
52
56
9.8%
Days on Market (Pending Sale) ...........................
33
30
31
29
-12.1%
Month’s Supply of Inventory ................................
2.6
4
4
2.7
4.6%
Percent Under Contract ........................................
27.5%
17.9%
23.1%
32.1%
17.1%
Average Median Price for Last 12 Months ........
$809,708
$884,925
$905,000
$842,710
4.1%
*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 MAY
$798
JUN
$995,000
JUL AUG
MEDIAN SALES PRICE
SEP
$671
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Culver City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$432,500
$506,000
$471,250
$507,500
17.3%
Average Price per Square Foot ...........................
$439
$479
$473
$523
19.1%
Properties Sold .......................................................
24
21
8
22
-8.3%
Properties Pending Sale .......................................
20
13
17
12
-40.0%
Properties For Sale ................................................
28
28
29
23
-17.9%
Days on Market (Pending Sale) ...........................
13
38
17
29
123.1%
Month’s Supply of Inventory ................................
1.2
1.3
3.6
1
-10.4%
Percent Under Contract ........................................
71.4%
46.4%
58.6%
52.2%
-27.0%
Average Median Price for Last 12 Months ........
$434,208
$492,446
$506,667
$483,390
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 MAY
$432
JUN
$507,500
JUL AUG
MEDIAN SALES PRICE
SEP
$523
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$507 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Downtown DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$597,500
$615,000
$476,500
$600,000
0.4%
Average Price per Square Foot ...........................
$657
$620
$618
$659
0.3%
Properties Sold .......................................................
42
31
20
46
9.5%
Properties Pending Sale .......................................
33
31
36
38
15.2%
Properties For Sale ................................................
218
205
187
219
0.5%
Days on Market (Pending Sale) ...........................
42
75
56
49
16.7%
Month’s Supply of Inventory ................................
5.2
6.6
9.4
4.8
-8.3%
Percent Under Contract ........................................
15.1%
15.1%
19.3%
17.4%
14.6%
Average Median Price for Last 12 Months ........
$577,546
$583,792
$598,250
$584,731
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 MAY
$597
JUN
$600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$659
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Encino DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$310,000
$381,000
$350,000
$378,000
21.9%
Average Price per Square Foot ...........................
$308
$311
$330
$320
3.9%
Properties Sold .......................................................
14
14
13
16
14.3%
Properties Pending Sale .......................................
11
18
17
21
90.9%
Properties For Sale ................................................
19
35
24
30
57.9%
Days on Market (Pending Sale) ...........................
49
58
47
62
26.5%
Month’s Supply of Inventory ................................
1.4
2.5
1.8
1.9
38.2%
Percent Under Contract ........................................
57.9%
51.4%
70.8%
70.0%
20.9%
Average Median Price for Last 12 Months ........
$327,333
$352,833
$339,333
$358,154
9.4%
*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 MAY
$310
JUN
$378,000
JUL AUG
MEDIAN SALES PRICE
SEP
$320
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$378 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Malibu DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,128,500
$625,000
$1,150,000
$877,500
-22.2%
Average Price per Square Foot ...........................
$582
$621
$782
$533
-8.4%
Properties Sold .......................................................
2
1
1
2
0.0%
Properties Pending Sale .......................................
1
1
2
3
200.0%
Properties For Sale ................................................
14
18
16
24
71.4%
Days on Market (Pending Sale) ...........................
1
89
22
0
-100.0%
Month’s Supply of Inventory ................................
7
18
16
12
71.4%
Percent Under Contract ........................................
7.1%
5.6%
12.5%
12.5%
75.0%
Average Median Price for Last 12 Months ........
$871,495
$961,000
$898,000
$1,169,625
34.2%
*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 MAY
$1.128
JUN
$877,500
JUL AUG
MEDIAN SALES PRICE
SEP
$533
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
12 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$877 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Marina Del Rey DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$862,500
$799,500
$850,000
$927,750
7.6%
Average Price per Square Foot ...........................
$639
$677
$683
$703
10.0%
Properties Sold .......................................................
30
21
11
26
-13.3%
Properties Pending Sale .......................................
27
22
27
21
-22.2%
Properties For Sale ................................................
95
101
95
94
-1.1%
Days on Market (Pending Sale) ...........................
35
50
29
42
20.0%
Month’s Supply of Inventory ................................
3.2
4.8
8.6
3.6
14.2%
Percent Under Contract ........................................
28.4%
21.8%
28.4%
22.3%
-21.4%
Average Median Price for Last 12 Months ........
$853,184
$884,040
$894,913
$902,326
5.8%
*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 MAY
$862
JUN
$927,750
JUL AUG
MEDIAN SALES PRICE
SEP
$703
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$927 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Santa Monica DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,005,000
$999,500
$800,000
$1,025,000
2.0%
Average Price per Square Foot ...........................
$992
$854
$979
$914
-7.9%
Properties Sold .......................................................
33
24
21
24
-27.3%
Properties Pending Sale .......................................
32
19
14
37
15.6%
Properties For Sale ................................................
107
84
74
100
-6.5%
Days on Market (Pending Sale) ...........................
35
42
42
35
0.0%
Month’s Supply of Inventory ................................
3.2
3.5
3.5
4.2
28.5%
Percent Under Contract ........................................
29.9%
22.6%
18.9%
37.0%
23.7%
Average Median Price for Last 12 Months ........
$945,611
$898,167
$924,000
$908,327
-3.9%
*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 MAY
$1.005
JUN
$1,025,000
JUL AUG
MEDIAN SALES PRICE
SEP
$914
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.025 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Sherman Oaks DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$452,000
$430,000
$466,000
$485,000
7.3%
Average Price per Square Foot ...........................
$370
$347
$349
$399
7.8%
Properties Sold .......................................................
21
23
15
30
42.9%
Properties Pending Sale .......................................
20
23
25
36
80.0%
Properties For Sale ................................................
50
35
28
30
-40.0%
Days on Market (Pending Sale) ...........................
45
57
45
33
-26.7%
Month’s Supply of Inventory ................................
2.4
1.5
1.9
1
-58.0%
Percent Under Contract ........................................
40.0%
65.7%
89.3%
120.0%
200.0%
Average Median Price for Last 12 Months ........
$447,667
$473,333
$483,333
$457,769
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 MAY
$452
JUN
$485,000
JUL AUG
MEDIAN SALES PRICE
SEP
$399
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Studio City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$454,000
$680,000
$568,000
$622,000
37.0%
Average Price per Square Foot ...........................
$392
$442
$439
$463
18.1%
Properties Sold .......................................................
12
10
8
12
0.0%
Properties Pending Sale .......................................
8
8
10
9
12.5%
Properties For Sale ................................................
37
31
28
16
-56.8%
Days on Market (Pending Sale) ...........................
68
87
65
72
5.9%
Month’s Supply of Inventory ................................
3.1
3.1
3.5
0
%
Percent Under Contract ........................................
21.6%
25.8%
35.7%
56.2%
160.2%
Average Median Price for Last 12 Months ........
$531,750
$572,833
$588,333
$563,154
5.9%
*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 MAY
$454
JUN
$622,000
JUL AUG
MEDIAN SALES PRICE
SEP
$463
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
No sales MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$622 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Venice DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$1,299,000
$1,157,500
$1,280,000
$1,175,000
-9.5%
Average Price per Square Foot ...........................
$1,036
$877
$866
$905
-12.6%
Properties Sold .......................................................
3
2
3
4
33.3%
Properties Pending Sale .......................................
0
2
1
3
n/a
Properties For Sale ................................................
14
9
11
16
14.3%
Days on Market (Pending Sale) ...........................
0
32
21
18
n/a
Month’s Supply of Inventory ................................
4.7
4.5
3.7
4
-14.3%
Percent Under Contract ........................................
0.0%
22.2%
9.1%
18.8%
n/a
Average Median Price for Last 12 Months ........
$1,147,917
$1,153,500
$1,187,500
$1,193,818
4.0%
*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 MAY
$1.299
JUN
$1,175,000
JUL AUG
MEDIAN SALES PRICE
SEP
$905
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$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 : May 2017
telesproperties.com
West Hollywood DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$682,500
$615,000
$670,000
$678,000
-0.7%
Average Price per Square Foot ...........................
$610
$707
$683
$661
8.4%
Properties Sold .......................................................
28
28
25
26
-7.1%
Properties Pending Sale .......................................
29
17
29
35
20.7%
Properties For Sale ................................................
132
116
112
122
-7.6%
Days on Market (Pending Sale) ...........................
38
30
30
41
7.9%
Month’s Supply of Inventory ................................
4.7
4.1
4.5
4.7
-0.5%
Percent Under Contract ........................................
22.0%
14.7%
25.9%
28.7%
30.6%
Average Median Price for Last 12 Months ........
$631,646
$659,000
$661,000
$676,769
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 MAY
$682
JUN
$678,000
JUL AUG
MEDIAN SALES PRICE
SEP
$661
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$678 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
West LA DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$760,000
$792,500
$708,100
$825,000
8.6%
Average Price per Square Foot ...........................
$522
$507
$563
$582
11.5%
Properties Sold .......................................................
15
12
7
17
13.3%
Properties Pending Sale .......................................
14
14
12
18
28.6%
Properties For Sale ................................................
36
41
21
38
5.6%
Days on Market (Pending Sale) ...........................
41
56
33
21
-48.8%
Month’s Supply of Inventory ................................
2.4
3.4
3
2.2
-6.9%
Percent Under Contract ........................................
38.9%
34.1%
57.1%
47.4%
21.8%
Average Median Price for Last 12 Months ........
$714,849
$770,225
$771,083
$776,488
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 MAY
$760
JUN
$825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$582
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$825 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
Westwood - Century City DATA*
May 2016
6 month
3 month
May 2017
% change
Median Price ..........................................................
$826,700
$884,500
$838,250
$920,000
11.3%
Average Price per Square Foot ...........................
$669
$754
$634
$732
9.4%
Properties Sold .......................................................
43
46
36
51
18.6%
Properties Pending Sale .......................................
54
33
40
64
18.5%
Properties For Sale ................................................
248
203
188
234
-5.6%
Days on Market (Pending Sale) ...........................
62
51
37
51
-17.7%
Month’s Supply of Inventory ................................
5.8
4.4
5.2
4.6
-20.4%
Percent Under Contract ........................................
21.8%
16.3%
21.3%
27.4%
25.6%
Average Median Price for Last 12 Months ........
$786,085
$856,042
$832,000
$842,188
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 MAY
$826
JUN
$920,000
JUL AUG
MEDIAN SALES PRICE
SEP
$732
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$920 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : May 2017
telesproperties.com
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