MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH May 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego
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READING THE REPORT
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
PROPERTIES FOR SALE:
A value that separates the upper half of
The number of properties on the
prices from the lower half of prices. It can
market and seeking buyers.
be interpreted like an average, however the extreme prices (high and low) don’t
DAYS OF MARKET (PENDING SALE):
hold undue influence.
The number of days that properties currently in escrow were on the market.
AVERAGE PRICE PER SQUARE FOOT:
The price of each property divided by
MONTH’S SUPPLY OF INVENTORY:
their respective square footage then
The number of months it would take to sell all
averaged across all properties sold in the
the properties listed for sale at the current pace
area for a given time period.
of sales and if no new listings entered the market.
PROPERTIES SOLD:
PERCENT UNDER CONTRACT:
The number of property transactions that
The ratio of properties for sale to
closed and transferred ownership.
properties pending sale.
PROPERTIES PENDING SALE:
AVERAGE MEDIAN PRICE FOR LAST 12:
The number of properties that entered
The Average Median Price for the Last 12 Months
escrow in preparation for sale.
is sales data from 12 months ending in the identified month.
LOS ANGELES COUNTY
LOS ANGELES COUNTY MACRO
MALIBU BEACH
HERMOSA BEACH
CALABASAS
BEL AIR - HOLMBY HILLS
MARINA DEL REY
MANHATTAN BEACH PALOS
ENCINO
BEVERLY CENTER - MIRACLE MILE
MID LOS ANGELES
VERDES ESTATES RANCHO
GLENDALE
BEVERLY HILLS
MID WILSHIRE
PALOS VERDES REDONDO
LA CRESCENTA NORTH
BEVERLY HILLS P.O.
PACIFIC PALISADES
BEACH - NORTH
HOLLYWOOD
BEVERLYWOOD
PALMS - MAR VISTA
REDONDO BEACH - SOUTH
SHADOW HILLS
BRENTWOOD
PLAYA DEL REY
ROLLING HILLS
SHERMAN OAKS
CHEVIOT HILLS - RANCHO PARK
PLAYA VISTA
ROLLING HILLS ESTATES
STUDIO CITY
CULVER CITY
SANTA MONICA
SAN PEDRO
SUN VALLEY
HANCOCK PARK - WILSHIRE
SUNSET STRIP - HOLLYWOOD HILLS WEST
TORRANCE - COUNTY STRIP
SUNLAND - TUJUNGA TARZANA
HOLLYWOOD
VENICE
TORRANCE - NORTH
TOLUCA LAKE
HOLLYWOOD HILLS EAST
WEST HOLLYWOOD
TORRANCE - SOUTHEAST
VALLEY VILLAGE
INGLEWOOD
WEST LOS ANGELES
TORRANCE - SOUTH
WESTLAKE VILLAGE
LADERA HEIGHTS
WESTCHESTER
TORRANCE - WEST
WOODLAND HILLS
LAUREL CANYON
WESTWOOD - CENTURY CITY
SAN FERNANDO MACRO
SAN GABRIEL VALLEY MACRO
LOS FELIZ
SOUTH BAY MACRO
AGOURA HILLS
ALTADENA
MALIBU
EL SEGUNDO
BURBANK
ARCADIA
Micro Market Report : May 2018
COUNTY: LOS ANGELES AREA: 4,752 SQ MILES FOUNDED: 1850
DUARTE LA CANADA FLINTRIDGE MONROVIA PASADENA SAN GABRIEL SAN MARINO SIERRA MADRE SOUTH PASADENA
Micro Market Report : May 2018
LOS ANGELES COUNTY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$618,000
$621,000
$640,000
$674,000
9.1%
Average Price per Square Foot ..............
$472
$483
$488
$507
7.4%
Properties Sold ...................................
4734
3916
2838
4353
-8.0%
Properties Pending Sale .......................
5577
4590
4109
5164
-7.4%
Properties For Sale ..............................
17,609
16,811
14,302
17,236
-2.1%
Days on Market (Pending Sale) .............
33
39
36
32
-3.0%
Month’s Supply of Inventory .................
3.7
4.3
5
4
6.4%
Percent Under Contract .......................
31.7%
27.3%
28.7%
30.0%
-5.4%
$592,042
$639,833
$658,000
$634,162
6.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$618
JUN
$674,000
JUL AUG
MEDIAN SALES PRICE
SEP
$507
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$674 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEL-AIR HOLMBY HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,995,000
$3,292,266
$1,900,000
$2,897,500
-27.5%
Average Price per Square Foot ..............
$983
$1,516
$1,060
$1,182
20.2%
Properties Sold ...................................
13
11
11
16
23.1%
Properties Pending Sale .......................
24
15
13
11
-54.2%
Properties For Sale ..............................
175
160
137
172
-1.7%
Days on Market (Pending Sale) .............
95
54
83
48
-49.5%
Month’s Supply of Inventory .................
13.5
14.5
12.5
10.8
-20.1%
Percent Under Contract .......................
13.7%
9.4%
9.5%
6.4%
-53.4%
$2,205,294
$3,410,417
$2,849,167
$3,014,582
26.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.995
JUN
$2,897,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,182
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.897 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,614,000
$1,580,500
$1,955,000
$1,640,000
-37.3%
Average Price per Square Foot ..............
$792
$882
$773
$822
3.8%
Properties Sold ...................................
17
14
13
18
5.9%
Properties Pending Sale .......................
23
13
16
14
-39.1%
Properties For Sale ..............................
92
74
64
70
-23.9%
Days on Market (Pending Sale) .............
31
62
63
37
19.4%
Month’s Supply of Inventory .................
5.4
5.3
4.9
3.9
-28.1%
Percent Under Contract .......................
25.0%
17.6%
25.0%
20.0%
-20.0%
$1,663,401
$1,820,740
$1,805,000
$1,766,461
5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.614
MAY JUN
$1,640,000
JUL AUG
MEDIAN SALES PRICE
SEP
$822
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEVERLY HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$5,620,000
$6,175,000
$2,970,000
$5,685,000
1.2%
Average Price per Square Foot ..............
$1,492
$1,691
$1,785
$1,475
-1.1%
Properties Sold ...................................
21
11
7
7
-66.7%
Properties Pending Sale .......................
14
10
17
9
-35.7%
Properties For Sale ..............................
102
109
105
120
17.6%
Days on Market (Pending Sale) .............
37
118
52
56
51.4%
Month’s Supply of Inventory .................
4.9
9.9
15
17.1
252.9%
Percent Under Contract .......................
13.7%
9.2%
16.2%
7.5%
-45.4%
$5,333,805
$5,009,417
$5,462,500
$5,372,673
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$5.620
JUN
$5,685,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,475
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
17.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.685 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEVERLY HILLS- POST OFFICE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,949,000
$3,050,000
$2,609,500
$3,825,000
29.7%
Average Price per Square Foot ..............
$897
$988
$885
$995
10.9%
Properties Sold ...................................
23
13
10
14
-39.1%
Properties Pending Sale .......................
24
5
24
20
-16.7%
Properties For Sale ..............................
189
151
148
167
-11.6%
Days on Market (Pending Sale) .............
79
71
83
46
-41.8%
Month’s Supply of Inventory .................
8.2
11.6
14.8
11.9
45.2%
Percent Under Contract .......................
12.7%
3.3%
16.2%
12.0%
-5.7%
$3,214,574
$2,780,083
$2,765,000
$3,025,788
-6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.949
JUN
$3,825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$995
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
11.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEVERLYWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,677,776
$1,482,500
$1,420,050
$1,917,500
14.3%
Average Price per Square Foot ..............
$779
$770
$727
$775
-0.5%
Properties Sold ...................................
22
14
8
14
-36.4%
Properties Pending Sale .......................
19
7
13
16
-15.8%
Properties For Sale ..............................
45
49
44
58
28.9%
Days on Market (Pending Sale) .............
26
22
34
21
-19.2%
Month’s Supply of Inventory .................
2
3.5
5.5
4.1
102.5%
Percent Under Contract .......................
42.2%
14.3%
29.5%
27.6%
-34.7%
$1,272,092
$1,667,217
$1,664,583
$1,557,544
18.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.677
JUN
$1,917,500
JUL AUG
MEDIAN SALES PRICE
SEP
$775
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.917 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BRENTWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,180,000
$3,150,000
$2,920,000
$3,000,000
-5.7%
Average Price per Square Foot ..............
$1,030
$1,096
$1,127
$1,099
6.7%
Properties Sold ...................................
37
21
15
23
-37.8%
Properties Pending Sale .......................
24
24
18
24
0.0%
Properties For Sale ..............................
145
154
134
171
17.9%
Days on Market (Pending Sale) .............
41
37
52
51
24.4%
Month’s Supply of Inventory .................
3.9
7.3
8.9
7.4
89.7%
Percent Under Contract .......................
16.6%
15.6%
13.4%
14.0%
-15.2%
$3,274,348
$3,112,425
$3,025,000
$3,180,927
-2.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.180
JUN
$3,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,099
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CHEVIOT HILLS - RANCHO PARK
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,725,000
$1,825,000
$1,801,500
$2,501,500
-8.2%
Average Price per Square Foot ..............
$863
$918
$872
$877
1.6%
Properties Sold ...................................
16
7
4
8
-50.0%
Properties Pending Sale .......................
9
7
8
8
-11.1%
Properties For Sale ..............................
30
22
28
24
-20.0%
Days on Market (Pending Sale) .............
27
23
31
31
14.8%
Month’s Supply of Inventory .................
1.9
3.1
7
3
60.0%
Percent Under Contract .......................
30.0%
31.8%
28.6%
33.3%
11.1%
$2,038,208
$2,096,125
$2,527,167
$2,108,637
3.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.725
MAY JUN
$2,501,500
JUL AUG
MEDIAN SALES PRICE
SEP
$877
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.501 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CULVER CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,077,500
$1,154,000
$1,585,000
$1,265,200
17.4%
Average Price per Square Foot ..............
$741
$758
$804
$822
10.9%
Properties Sold ...................................
18
21
6
22
22.2%
Properties Pending Sale .......................
26
19
13
26
0.0%
Properties For Sale ..............................
58
54
44
68
17.2%
Days on Market (Pending Sale) .............
32
42
19
38
18.8%
Month’s Supply of Inventory .................
3.2
2.6
7.3
3.1
-4.1%
Percent Under Contract .......................
44.8%
35.2%
29.5%
38.2%
-14.7%
$1,164,292
$1,417,065
$1,515,796
$1,274,914
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.077
JUN
$1,265,200
JUL AUG
MEDIAN SALES PRICE
SEP
$822
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DOWNTOWN
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$376,250
$558,000
$400,000
$405,500
7.8%
Average Price per Square Foot ..............
$324
$272
$498
$357
10.2%
Properties Sold ...................................
14
5
5
6
-57.1%
Properties Pending Sale .......................
12
14
13
12
0.0%
Properties For Sale ..............................
52
55
49
55
5.8%
Days on Market (Pending Sale) .............
40
38
45
21
-47.5%
Month’s Supply of Inventory .................
3.7
11
9.8
9.2
146.8%
Percent Under Contract .......................
23.1%
25.5%
26.5%
21.8%
-5.5%
$361,674
$393,155
$402,500
$392,245
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$376
JUN
$405,500
JUL AUG
MEDIAN SALES PRICE
SEP
$357
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$405 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HANCOCK PARK - WILSHIRE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,417,000
$1,503,530
$1,475,000
$1,750,000
23.5%
Average Price per Square Foot ..............
$667
$826
$616
$749
12.3%
Properties Sold ...................................
26
21
11
27
3.8%
Properties Pending Sale .......................
32
23
19
31
-3.1%
Properties For Sale ..............................
113
89
89
105
-7.1%
Days on Market (Pending Sale) .............
39
79
54
46
17.9%
Month’s Supply of Inventory .................
4.3
4.2
8.1
3.9
-10.5%
Percent Under Contract .......................
28.3%
25.8%
21.3%
29.5%
4.3%
$1,662,439
$1,684,708
$1,654,083
$1,670,310
0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.417
JUN
$1,750,000
JUL AUG
MEDIAN SALES PRICE
SEP
$749
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.750 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HOLLYWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,215,000
$1,179,500
$997,500
$1,310,500
7.9%
Average Price per Square Foot ..............
$664
$591
$660
$769
15.8%
Properties Sold ...................................
5
6
6
12
140.0%
Properties Pending Sale .......................
11
5
7
18
63.6%
Properties For Sale ..............................
45
36
41
46
2.2%
Days on Market (Pending Sale) .............
67
33
31
30
-55.2%
Month’s Supply of Inventory .................
9
6
6.8
3.8
-57.4%
Percent Under Contract .......................
24.4%
13.9%
17.1%
39.1%
60.1%
$908,504
$1,067,167
$1,221,000
$1,031,106
11.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.215
JUN
$1,310,500
JUL AUG
MEDIAN SALES PRICE
SEP
$769
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.310 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HOLLYWOOD HILLS EAST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,356,000
$1,486,000
$1,476,000
$1,340,000
-1.2%
Average Price per Square Foot ..............
$648
$436
$614
$730
12.7%
Properties Sold ...................................
13
4
8
11
-15.4%
Properties Pending Sale .......................
15
16
15
18
20.0%
Properties For Sale ..............................
96
79
70
68
-29.2%
Days on Market (Pending Sale) .............
49
66
47
33
-32.7%
Month’s Supply of Inventory .................
6.4
4.9
4.7
6.2
-3.4%
Percent Under Contract .......................
15.6%
20.3%
21.4%
26.5%
69.4%
$1,493,535
$1,487,667
$1,528,833
$1,460,977
-2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.356
JUN
$1,340,000
JUL AUG
MEDIAN SALES PRICE
SEP
$730
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.340 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
INGLEWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$485,000
$567,500
$532,000
$615,000
26.8%
Average Price per Square Foot ..............
$381
$431
$411
$425
11.5%
Properties Sold ...................................
22
12
13
22
0.0%
Properties Pending Sale .......................
35
23
20
21
-40.0%
Properties For Sale ..............................
73
65
80
59
-19.2%
Days on Market (Pending Sale) .............
23
48
31
31
34.8%
Month’s Supply of Inventory .................
2.1
2.8
4
2.7
28.6%
Percent Under Contract .......................
47.9%
35.4%
25.0%
35.6%
-25.8%
$480,690
$585,333
$595,000
$562,754
14.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$485
JUN
$615,000
JUL AUG
MEDIAN SALES PRICE
SEP
$425
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$615 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LADERA HEIGHTS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,058,500
$1,197,500
$1,117,000
$1,092,000
3.2%
Average Price per Square Foot ..............
$464
$427
$467
$553
19.2%
Properties Sold ...................................
6
5
4
3
-50.0%
Properties Pending Sale .......................
5
6
8
2
-60.0%
Properties For Sale ..............................
26
23
24
13
-50.0%
Days on Market (Pending Sale) .............
26
48
48
72
176.9%
Month’s Supply of Inventory .................
5.2
3.8
3
4.3
-16.7%
Percent Under Contract .......................
19.2%
26.1%
33.3%
15.4%
-20.0%
$1,036,563
$1,188,467
$1,178,833
$1,194,946
13.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.058
JUN
$1,092,000
JUL AUG
MEDIAN SALES PRICE
SEP
$553
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.092 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LAUREL CANYON
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,018,750
$1,600,000
$2,575,000
$1,444,500
-28.4%
Average Price per Square Foot ..............
$773
$747
$891
$834
7.9%
Properties Sold ...................................
24
25
9
30
25.0%
Properties Pending Sale .......................
34
24
28
30
-11.8%
Properties For Sale ..............................
170
153
150
161
-5.3%
Days on Market (Pending Sale) .............
39
70
62
37
-5.1%
Month’s Supply of Inventory .................
5
6.4
5.4
5.4
7.3%
Percent Under Contract .......................
20.0%
15.7%
18.7%
18.6%
-6.8%
$1,659,403
$1,960,958
$1,721,083
$1,831,115
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.018
MAY JUN
$1,444,500
JUL AUG
MEDIAN SALES PRICE
SEP
$834
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.444 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LOS FELIZ
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,425,000
$1,765,000
$1,725,000
$1,590,000
11.6%
Average Price per Square Foot ..............
$776
$830
$806
$790
1.8%
Properties Sold ...................................
23
20
9
19
-17.4%
Properties Pending Sale .......................
18
14
20
18
0.0%
Properties For Sale ..............................
96
80
66
69
-28.1%
Days on Market (Pending Sale) .............
24
48
46
39
62.5%
Month’s Supply of Inventory .................
5.3
5.7
3.3
3.6
-31.9%
Percent Under Contract .......................
18.8%
17.5%
30.3%
26.1%
39.1%
$1,570,659
$1,782,500
$1,723,333
$1,732,192
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.425
JUN
$1,590,000
JUL AUG
MEDIAN SALES PRICE
SEP
$790
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MALIBU
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,380,000
$2,015,000
$1,300,000
$3,320,000
39.5%
Average Price per Square Foot ..............
$962
$773
$632
$1,151
19.6%
Properties Sold ...................................
11
14
5
18
63.6%
Properties Pending Sale .......................
16
16
12
20
25.0%
Properties For Sale ..............................
225
197
200
235
4.4%
Days on Market (Pending Sale) .............
145
110
125
46
-68.3%
Month’s Supply of Inventory .................
20.5
14.1
40
13.1
-36.2%
Percent Under Contract .......................
7.1%
8.1%
6.0%
8.5%
19.7%
$2,736,583
$2,559,667
$3,204,167
$2,639,902
-3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.380
JUN
$3,320,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,151
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.320 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MALIBU BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$6,500,000
$13,000,000
$3,450,000
$5,612,500
-13.7%
Average Price per Square Foot ..............
$2,111
$2,724
$1,496
$3,132
48.4%
Properties Sold ...................................
5
1
4
4
-20.0%
Properties Pending Sale .......................
5
5
2
7
40.0%
Properties For Sale ..............................
98
78
73
86
-12.2%
Days on Market (Pending Sale) .............
99
107
286
122
23.2%
Month’s Supply of Inventory .................
19.6
78
18.2
21.5
9.7%
Percent Under Contract .......................
5.1%
6.4%
2.7%
8.1%
59.5%
$7,268,271
$8,516,468
$9,120,833
$8,362,601
13.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$6.500
JUN
$5,612,500
JUL AUG
MEDIAN SALES PRICE
SEP
$3,132
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
21.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.612 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MARINA DEL REY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,567,000
$1,450,000
$1,625,000
$1,631,000
4.1%
Average Price per Square Foot ..............
$805
$751
$781
$955
18.6%
Properties Sold ...................................
9
7
7
4
-55.6%
Properties Pending Sale .......................
12
7
10
9
-25.0%
Properties For Sale ..............................
42
30
30
37
-11.9%
Days on Market (Pending Sale) .............
36
43
48
34
-5.6%
Month’s Supply of Inventory .................
4.7
4.3
4.3
9.2
98.2%
Percent Under Contract .......................
28.6%
23.3%
33.3%
24.3%
-14.9%
$1,555,460
$1,729,546
$1,535,592
$1,541,983
-0.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.567
JUN
$1,631,000
JUL AUG
MEDIAN SALES PRICE
SEP
$955
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.631 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MID LOS ANGELES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$733,750
$608,000
$754,000
$905,450
23.4%
Average Price per Square Foot ..............
$432
$461
$512
$469
8.6%
Properties Sold ...................................
40
29
22
38
-5.0%
Properties Pending Sale .......................
41
31
46
46
12.2%
Properties For Sale ..............................
130
118
126
115
-11.5%
Days on Market (Pending Sale) .............
27
26
38
32
18.5%
Month’s Supply of Inventory .................
3.2
4.1
5.7
3
-6.9%
Percent Under Contract .......................
31.5%
26.3%
36.5%
40.0%
26.8%
$637,206
$766,475
$828,150
$747,546
14.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$733
JUN
$905,450
JUL AUG
MEDIAN SALES PRICE
SEP
$469
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$905 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MID WILSHIRE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$940,000
$820,000
$0
$1,115,000
18.6%
Average Price per Square Foot ..............
$489
$533
$0
$412
-15.7%
Properties Sold ...................................
3
7
0
1
-66.7%
Properties Pending Sale .......................
10
8
8
5
-50.0%
Properties For Sale ..............................
26
31
29
32
23.1%
Days on Market (Pending Sale) .............
34
34
46
9
-73.5%
Month’s Supply of Inventory .................
8.7
4.4
n/a
32
269.2%
Percent Under Contract .......................
38.5%
25.8%
27.6%
15.6%
-59.4%
$862,125
$1,124,800
$1,099,167
$1,044,000
17.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$940
JUN
$1,115,000
JUL AUG
MEDIAN SALES PRICE
SEP
$412
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
32 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.115 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PACIFIC PALISADES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,416,975
$3,297,500
$3,210,344
$3,585,000
4.9%
Average Price per Square Foot ..............
$1,168
$1,219
$1,022
$1,237
5.9%
Properties Sold ...................................
28
18
14
27
-3.6%
Properties Pending Sale .......................
30
12
22
20
-33.3%
Properties For Sale ..............................
140
104
102
107
-23.6%
Days on Market (Pending Sale) .............
48
17
41
50
4.2%
Month’s Supply of Inventory .................
5
5.8
7.3
4
-20.7%
Percent Under Contract .......................
21.4%
11.5%
21.6%
18.7%
-12.8%
$3,049,788
$3,293,617
$3,688,500
$3,351,475
9.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.416
JUN
$3,585,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,237
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.585 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PALMS - MAR VISTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,328,018
$1,567,500
$1,595,000
$1,450,000
9.2%
Average Price per Square Foot ..............
$799
$827
$850
$838
4.9%
Properties Sold ...................................
28
28
23
22
-21.4%
Properties Pending Sale .......................
42
24
32
31
-26.2%
Properties For Sale ..............................
96
77
76
95
-1.0%
Days on Market (Pending Sale) .............
24
30
27
28
16.7%
Month’s Supply of Inventory .................
3.4
2.8
3.3
4.3
25.9%
Percent Under Contract .......................
43.8%
31.2%
42.1%
32.6%
-25.4%
$1,421,710
$1,586,845
$1,601,773
$1,542,511
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.328
JUN
$1,450,000
JUL AUG
MEDIAN SALES PRICE
SEP
$838
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.450 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PLAYA DEL REY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,860,000
$1,121,275
$1,681,775
$1,525,000
-18.0%
Average Price per Square Foot ..............
$717
$1,005
$575
$676
-5.7%
Properties Sold ...................................
8
1
6
7
-12.5%
Properties Pending Sale .......................
6
2
5
5
-16.7%
Properties For Sale ..............................
18
24
26
32
77.8%
Days on Market (Pending Sale) .............
16
20
31
33
106.2%
Month’s Supply of Inventory .................
2.2
24
4.3
4.6
103.2%
Percent Under Contract .......................
33.3%
8.3%
19.2%
15.6%
-53.1%
$1,394,938
$1,697,296
$1,770,833
$1,662,850
16.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.860
JUN
$1,525,000
JUL AUG
MEDIAN SALES PRICE
SEP
$676
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.525 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PLAYA VISTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,868,000
$1,875,000
$0
$3,417,500
82.9%
Average Price per Square Foot ..............
$760
$801
$0
$761
0.1%
Properties Sold ...................................
5
2
0
2
-60.0%
Properties Pending Sale .......................
4
4
2
2
-50.0%
Properties For Sale ..............................
14
10
11
10
-28.6%
Days on Market (Pending Sale) .............
76
74
8
12
-84.2%
Month’s Supply of Inventory .................
2.8
5
n/a
0.2
-92.9%
Percent Under Contract .......................
28.6%
40.0%
18.2%
20.0%
-30.0%
$1,509,021
$2,565,150
$2,497,083
$2,456,076
62.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.868
JUN
$3,417,500
JUL AUG
MEDIAN SALES PRICE
SEP
$761
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.417 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA MONICA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,307,500
$3,350,000
$2,947,250
$2,900,000
25.7%
Average Price per Square Foot ..............
$1,154
$1,195
$1,021
$1,242
7.6%
Properties Sold ...................................
16
18
12
23
43.8%
Properties Pending Sale .......................
24
14
14
23
-4.2%
Properties For Sale ..............................
84
92
85
106
26.2%
Days on Market (Pending Sale) .............
39
32
34
35
-10.3%
Month’s Supply of Inventory .................
5.2
5.1
7.1
4.6
-12.2%
Percent Under Contract .......................
28.6%
15.2%
16.5%
21.7%
-24.1%
$2,321,037
$2,942,875
$3,143,333
$3,023,365
23.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.307
JUN
$2,900,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,242
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.900 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SUNSET STRIP - HOLLYWOOD HILLS WEST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,195,000
$2,038,750
$2,735,000
$1,895,000
-13.7%
Average Price per Square Foot ..............
$786
$844
$1,142
$836
6.4%
Properties Sold ...................................
38
38
23
37
-2.6%
Properties Pending Sale .......................
56
36
49
48
-14.3%
Properties For Sale ..............................
352
335
332
371
5.4%
Days on Market (Pending Sale) .............
49
69
63
46
-6.1%
Month’s Supply of Inventory .................
9.3
8.8
14.4
10
8.2%
Percent Under Contract .......................
15.9%
10.7%
14.8%
12.9%
-18.7%
$1,788,437
$2,025,625
$1,877,917
$1,939,923
7.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.195
JUN
$1,895,000
JUL AUG
MEDIAN SALES PRICE
SEP
$836
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.895 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
VENICE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,232,500
$1,985,000
$1,852,000
$2,347,500
5.2%
Average Price per Square Foot ..............
$1,075
$1,029
$1,237
$1,167
8.6%
Properties Sold ...................................
14
23
17
16
14.3%
Properties Pending Sale .......................
22
17
15
19
-13.6%
Properties For Sale ..............................
97
87
80
110
13.4%
Days on Market (Pending Sale) .............
31
31
48
34
9.7%
Month’s Supply of Inventory .................
6.9
3.8
4.7
6.9
-0.8%
Percent Under Contract .......................
22.7%
19.5%
18.8%
17.3%
-23.8%
$1,873,053
$2,087,333
$2,228,167
$2,133,404
13.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.232
JUN
$2,347,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,167
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.347 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST HOLLYWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,443,250
$1,615,000
$2,625,000
$1,641,500
13.7%
Average Price per Square Foot ..............
$1,057
$857
$878
$920
-13.0%
Properties Sold ...................................
10
11
9
16
60.0%
Properties Pending Sale .......................
14
11
16
10
-28.6%
Properties For Sale ..............................
65
57
51
55
-15.4%
Days on Market (Pending Sale) .............
31
51
43
29
-6.5%
Month’s Supply of Inventory .................
6.5
5.2
5.7
3.4
-47.1%
Percent Under Contract .......................
21.5%
19.3%
31.4%
18.2%
-15.6%
$1,592,106
$1,999,208
$1,728,000
$1,854,066
14.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.443
JUN
$1,641,500
JUL AUG
MEDIAN SALES PRICE
SEP
$920
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.641 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST LOS ANGELES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,100,000
$1,500,000
$1,288,000
$1,160,000
5.5%
Average Price per Square Foot ..............
$830
$786
$1,205
$657
-20.8%
Properties Sold ...................................
9
7
5
11
22.2%
Properties Pending Sale .......................
10
10
5
16
60.0%
Properties For Sale ..............................
44
37
34
45
2.3%
Days on Market (Pending Sale) .............
19
36
40
23
21.1%
Month’s Supply of Inventory .................
4.9
5.3
6.8
4.1
-16.3%
Percent Under Contract .......................
22.7%
27.0%
14.7%
35.6%
56.4%
$1,046,771
$1,366,596
$1,442,000
$1,297,486
24.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.100
JUN
$1,160,000
JUL AUG
MEDIAN SALES PRICE
SEP
$657
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.160 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WESTCHESTER
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,075,000
$1,180,000
$1,240,000
$1,285,625
19.6%
Average Price per Square Foot ..............
$669
$641
$707
$707
5.7%
Properties Sold ...................................
35
29
23
30
-14.3%
Properties Pending Sale .......................
42
22
29
40
-4.8%
Properties For Sale ..............................
99
74
62
89
-10.1%
Days on Market (Pending Sale) .............
28
32
29
22
-21.4%
Month’s Supply of Inventory .................
2.8
2.6
2.7
3
4.9%
Percent Under Contract .......................
42.4%
29.7%
46.8%
44.9%
5.9%
$1,089,454
$1,193,402
$1,219,288
$1,178,031
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.075
JUN
$1,285,625
JUL AUG
MEDIAN SALES PRICE
SEP
$707
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.285 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WESTWOOD - CENTURY CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,107,640
$2,361,000
$2,355,000
$2,352,500
11.6%
Average Price per Square Foot ..............
$882
$871
$850
$912
3.4%
Properties Sold ...................................
18
15
9
14
-22.2%
Properties Pending Sale .......................
19
15
16
23
21.1%
Properties For Sale ..............................
70
59
60
57
-18.6%
Days on Market (Pending Sale) .............
42
30
27
27
-35.7%
Month’s Supply of Inventory .................
3.9
3.9
6.7
4.1
4.7%
Percent Under Contract .......................
27.1%
25.4%
26.7%
40.4%
48.7%
$1,985,851
$2,287,667
$2,437,500
$2,210,904
11.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.107
JUN
$2,352,500
JUL AUG
MEDIAN SALES PRICE
SEP
$912
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.352 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SOUTH BAY MACRO MARKET
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,330,967
$1,333,667
$1,239,475
$1,445,699
8.6%
Average Price per Square Foot ..............
$680
$632
$700
$657
-3.4%
Properties Sold ...................................
273
213
158
256
-6.2%
Properties Pending Sale .......................
335
194
208
295
-11.9%
Properties For Sale ..............................
1,014
768
852
890
-12.2%
Days on Market (Pending Sale) .............
25
43
27
29
18.4%
Month’s Supply of Inventory .................
3.7
3.6
5.4
3.5
-6.4%
Percent Under Contract .......................
33.0%
25.3%
24.4%
33.1%
0.3%
$1,262,662
$1,343,922
$1,396,838
$1,383,029
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.330
JUN
$1,445,699
JUL AUG
MEDIAN SALES PRICE
SEP
$657
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.445 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
EL SEGUNDO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,099,000
$1,310,000
$1,507,500
$1,260,000
14.6%
Average Price per Square Foot ..............
$780
$720
$642
$793
1.7%
Properties Sold ...................................
7
9
6
7
0.0%
Properties Pending Sale .......................
14
5
9
9
-35.7%
Properties For Sale ..............................
23
22
182
27
17.4%
Days on Market (Pending Sale) .............
21
41
26
31
47.6%
Month’s Supply of Inventory .................
3.3
0
30.3
3.9
17.4%
Percent Under Contract .......................
60.9%
22.7%
4.9%
33.3%
-45.2%
$1,279,590
$1,377,583
$1,325,667
$1,329,615
3.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.099
JUN
$1,260,000
JUL AUG
MEDIAN SALES PRICE
SEP
$793
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.260 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HERMOSA BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,750,000
$1,575,000
$1,472,500
$1,420,125
-48.4%
Average Price per Square Foot ..............
$1,570
$904
$1,480
$994
-36.7%
Properties Sold ...................................
13
12
4
10
-23.1%
Properties Pending Sale .......................
13
7
3
13
0.0%
Properties For Sale ..............................
51
34
28
50
-2.0%
Days on Market (Pending Sale) .............
19
43
22
28
47.4%
Month’s Supply of Inventory .................
3.9
2.8
7
5
27.5%
Percent Under Contract .......................
25.5%
20.6%
10.7%
26.0%
2.0%
$1,789,617
$1,979,104
$2,132,375
$2,065,663
15.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.750
MAY JUN
$1,420,125
JUL AUG
MEDIAN SALES PRICE
SEP
$994
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.420 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MANHATTAN BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,200,000
$2,275,000
$2,250,000
$2,950,000
34.1%
Average Price per Square Foot ..............
$1,126
$1,016
$935
$993
-11.8%
Properties Sold ...................................
39
26
18
31
-20.5%
Properties Pending Sale .......................
50
24
22
40
-20.0%
Properties For Sale ..............................
153
122
101
128
-16.3%
Days on Market (Pending Sale) .............
31
68
44
29
-6.5%
Month’s Supply of Inventory .................
3.9
4.7
5.6
4.1
5.2%
Percent Under Contract .......................
32.7%
19.7%
21.8%
31.2%
-4.4%
$2,210,208
$2,459,167
$2,530,000
$2,492,038
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.200
JUN
$2,950,000
JUL AUG
MEDIAN SALES PRICE
SEP
$993
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.950 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PALOS VERDES ESTATES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,900,000
$1,625,000
$1,685,000
$2,061,500
8.5%
Average Price per Square Foot ..............
$668
$670
$717
$855
28.0%
Properties Sold ...................................
21
11
9
14
-33.3%
Properties Pending Sale .......................
16
11
16
20
25.0%
Properties For Sale ..............................
100
67
72
96
-4.0%
Days on Market (Pending Sale) .............
31
40
45
38
22.6%
Month’s Supply of Inventory .................
4.8
6.1
8
6.9
44.0%
Percent Under Contract .......................
16.0%
16.4%
22.2%
20.8%
30.2%
$1,950,550
$1,817,333
$1,923,500
$1,870,827
-4.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.900
JUN
$2,061,500
JUL AUG
MEDIAN SALES PRICE
SEP
$855
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.061 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
RANCHO PALOS VERDES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,350,000
$1,283,000
$1,350,000
$1,600,000
18.5%
Average Price per Square Foot ..............
$579
$624
$627
$609
5.2%
Properties Sold ...................................
41
19
25
41
0.0%
Properties Pending Sale .......................
56
30
27
44
-21.4%
Properties For Sale ..............................
170
131
118
135
-20.6%
Days on Market (Pending Sale) .............
31
53
38
61
96.8%
Month’s Supply of Inventory .................
4.1
6.9
4.7
3.3
-20.6%
Percent Under Contract .......................
32.9%
22.9%
22.9%
32.6%
-1.1%
$1,290,958
$1,365,004
$1,424,167
$1,387,156
7.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.350
JUN
$1,600,000
JUL AUG
MEDIAN SALES PRICE
SEP
$609
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.600 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
REDONDO BEACH- NORTH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,005,000
$825,000
$1,065,000
$1,205,000
19.9%
Average Price per Square Foot ..............
$643
$656
$602
$618
-3.9%
Properties Sold ...................................
20
11
18
8
-60.0%
Properties Pending Sale .......................
25
16
10
16
-36.0%
Properties For Sale ..............................
54
39
25
35
-35.2%
Days on Market (Pending Sale) .............
23
40
8
9
-60.9%
Month’s Supply of Inventory .................
2.7
3.5
1.4
4.4
62.0%
Percent Under Contract .......................
46.3%
41.0%
40.0%
45.7%
-1.3%
$953,792
$1,074,667
$1,113,000
$1,031,077
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.005
JUN
$1,205,000
JUL AUG
MEDIAN SALES PRICE
SEP
$618
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.205 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
REDONDO BEACH- SOUTH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,449,500
$1,618,500
$1,432,875
$1,955,750
34.9%
Average Price per Square Foot ..............
$781
$571
$1,369
$738
-5.5%
Properties Sold ...................................
14
16
11
20
42.9%
Properties Pending Sale .......................
18
15
16
20
11.1%
Properties For Sale ..............................
65
46
46
45
-30.8%
Days on Market (Pending Sale) .............
14
77
28
32
128.6%
Month’s Supply of Inventory .................
4.6
2.9
4.2
2.2
-51.5%
Percent Under Contract .......................
27.7%
32.6%
34.8%
44.4%
60.5%
$1,381,581
$1,602,771
$1,773,917
$1,548,971
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.449
JUN
$1,955,750
JUL AUG
MEDIAN SALES PRICE
SEP
$738
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.955 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ROLLING HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,450,000
$3,590,000
$1,650,000
$3,812,500
55.6%
Average Price per Square Foot ..............
$834
$939
$574
$695
-16.7%
Properties Sold ...................................
1
4
1
2
100.0%
Properties Pending Sale .......................
2
2
2
2
0.0%
Properties For Sale ..............................
31
29
30
43
38.7%
Days on Market (Pending Sale) .............
24
46
14
42
75.0%
Month’s Supply of Inventory .................
31
7.2
30
21.5
-30.6%
Percent Under Contract .......................
6.5%
6.9%
6.7%
4.7%
-27.9%
$2,358,646
$2,588,000
$2,596,667
$2,875,200
21.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.450
JUN
$3,812,500
JUL AUG
MEDIAN SALES PRICE
SEP
$695
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
21.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.812 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ROLLING HILLS ESTATES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,325,000
$1,588,000
$1,567,500
$1,513,000
14.2%
Average Price per Square Foot ..............
$599
$535
$624
$676
12.9%
Properties Sold ...................................
11
3
6
6
-45.5%
Properties Pending Sale .......................
8
3
9
7
-12.5%
Properties For Sale ..............................
42
24
23
27
-35.7%
Days on Market (Pending Sale) .............
23
54
52
31
34.8%
Month’s Supply of Inventory .................
3.8
8
3.8
4.5
17.9%
Percent Under Contract .......................
19.0%
12.5%
39.1%
25.9%
36.1%
$1,556,042
$1,665,583
$1,745,333
$1,616,923
3.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.325
JUN
$1,513,000
JUL AUG
MEDIAN SALES PRICE
SEP
$676
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.513 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN PEDRO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$689,000
$623,000
$670,000
$695,000
0.9%
Average Price per Square Foot ..............
$431
$444
$417
$437
1.4%
Properties Sold ...................................
35
29
27
37
5.7%
Properties Pending Sale .......................
33
28
31
40
21.2%
Properties For Sale ..............................
127
107
82
103
-18.9%
Days on Market (Pending Sale) .............
45
19
30
27
-40.0%
Month’s Supply of Inventory .................
3.6
3.7
3
2.8
-23.3%
Percent Under Contract .......................
26.0%
26.2%
37.8%
38.8%
49.5%
$627,563
$661,667
$665,000
$666,769
6.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $689
MAY JUN
$695,000
JUL AUG
MEDIAN SALES PRICE
SEP
$437
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$695 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TORRANCE- COUNTY STRIP
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$545,000
$542,000
$522,500
$580,000
6.4%
Average Price per Square Foot ..............
$327
$395
$456
$423
29.4%
Properties Sold ...................................
7
5
3
3
-57.1%
Properties Pending Sale .......................
6
3
7
12
100.0%
Properties For Sale ..............................
17
16
15
20
17.6%
Days on Market (Pending Sale) .............
26
27
18
30
15.4%
Month’s Supply of Inventory .................
2.4
3.2
5
6.7
174.5%
Percent Under Contract .......................
35.3%
18.8%
46.7%
60.0%
70.0%
$517,596
$558,333
$600,833
$551,000
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$545
JUN
$580,000
JUL AUG
MEDIAN SALES PRICE
SEP
$423
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TORRANCE- NORTH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$705,500
$680,000
$717,250
$739,500
4.8%
Average Price per Square Foot ..............
$434
$490
$462
$518
19.4%
Properties Sold ...................................
12
10
8
16
33.3%
Properties Pending Sale .......................
20
16
11
18
-10.0%
Properties For Sale ..............................
39
35
33
49
25.6%
Days on Market (Pending Sale) .............
19
21
22
24
26.3%
Month’s Supply of Inventory .................
3.2
3.5
4.1
3.1
-5.8%
Percent Under Contract .......................
51.3%
45.7%
33.3%
36.7%
-28.4%
$637,313
$714,458
$732,333
$698,019
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $705
MAY JUN
$739,500
JUL AUG
MEDIAN SALES PRICE
SEP
$518
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$739 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TORRANCE- SOUTH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$910,000
$884,500
$965,000
$962,000
5.7%
Average Price per Square Foot ..............
$536
$528
$530
$534
-0.4%
Properties Sold ...................................
21
28
10
27
28.6%
Properties Pending Sale .......................
34
16
18
19
-44.1%
Properties For Sale ..............................
58
39
40
53
-8.6%
Days on Market (Pending Sale) .............
27
40
13
22
-18.5%
Month’s Supply of Inventory .................
2.8
1.4
4
2
-28.9%
Percent Under Contract .......................
58.6%
41.0%
45.0%
35.8%
-38.8%
$898,469
$983,083
$971,000
$963,500
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$910
JUN
$962,000
JUL AUG
MEDIAN SALES PRICE
SEP
$534
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$962 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TORRANCE- SOUTHEAST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$678,500
$722,500
$782,000
$692,000
2.0%
Average Price per Square Foot ..............
$384
$447
$530
$403
4.9%
Properties Sold ...................................
14
18
6
11
-21.4%
Properties Pending Sale .......................
21
3
14
17
-19.0%
Properties For Sale ..............................
51
28
32
42
-17.6%
Days on Market (Pending Sale) .............
23
57
25
15
-34.8%
Month’s Supply of Inventory .................
3.6
1.6
5.3
3.8
4.8%
Percent Under Contract .......................
41.2%
10.7%
43.8%
40.5%
-1.7%
$647,229
$723,415
$708,167
$733,884
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$678
JUN
$692,000
JUL AUG
MEDIAN SALES PRICE
SEP
$403
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$692 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TORRANCE- WEST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$908,000
$863,500
$955,000
$934,000
2.9%
Average Price per Square Foot ..............
$509
$547
$535
$564
10.8%
Properties Sold ...................................
17
12
6
23
35.3%
Properties Pending Sale .......................
19
15
13
18
-5.3%
Properties For Sale ..............................
33
29
25
37
12.1%
Days on Market (Pending Sale) .............
12
26
13
18
50.0%
Month’s Supply of Inventory .................
1.9
2.4
4.2
1.6
-17.1%
Percent Under Contract .......................
57.6%
51.7%
52.0%
48.6%
-15.5%
$840,771
$931,125
$942,250
$914,788
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $908
MAY JUN
$934,000
JUL AUG
MEDIAN SALES PRICE
SEP
$564
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$934 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN FERNANDO VALLEY MACRO MARKET
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,016,063
$1,009,000
$955,941
$1,068,706
5.2%
Average Price per Square Foot ..............
$461
$500
$480
$504
9.4%
Properties Sold ...................................
32
28
19
30
-6.2%
Properties Pending Sale .......................
35
28
28
37
5.9%
Properties For Sale ..............................
65
55
52
70
8.1%
Days on Market (Pending Sale) .............
49
61
53
48
-2.0%
Month’s Supply of Inventory .................
2
2
2.8
2.3
15.3%
Percent Under Contract .......................
54.5%
51.6%
53.4%
53.4%
-2.0%
$925,696
$1,037,137
$1,074,196
$980,560
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.016
JUN
$1,068,706
JUL AUG
MEDIAN SALES PRICE
SEP
$504
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.068 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
AGOURA HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,000,000
$855,000
$1,000,000
$990,000
-1.0%
Average Price per Square Foot ..............
$411
$420
$449
$382
-7.1%
Properties Sold ...................................
23
13
14
31
34.8%
Properties Pending Sale .......................
26
13
24
31
19.2%
Properties For Sale ..............................
51
56
48
57
11.8%
Days on Market (Pending Sale) .............
58
61
47
68
17.2%
Month’s Supply of Inventory .................
2.2
4.3
3.4
1.8
-17.1%
Percent Under Contract .......................
51.0%
23.2%
50.0%
54.4%
6.7%
$902,583
$922,833
$894,000
$953,154
5.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.000
JUN
$990,000
JUL AUG
MEDIAN SALES PRICE
SEP
$382
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$990 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BURBANK
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$812,000
$785,000
$808,000
$865,000
6.5%
Average Price per Square Foot ..............
$534
$534
$566
$552
3.4%
Properties Sold ...................................
52
47
26
48
-7.7%
Properties Pending Sale .......................
53
43
51
60
13.2%
Properties For Sale ..............................
76
32
38
69
-9.2%
Days on Market (Pending Sale) .............
35
51
39
26
-25.7%
Month’s Supply of Inventory .................
1.5
0.7
1.5
1.4
-1.6%
Percent Under Contract .......................
69.7%
134.4%
134.2%
87.0%
24.7%
$762,833
$850,000
$862,333
$821,769
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $812
MAY JUN
$865,000
JUL AUG
MEDIAN SALES PRICE
SEP
$552
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$865 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CALABASAS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,458,000
$1,505,000
$1,540,000
$1,465,000
0.5%
Average Price per Square Foot ..............
$457
$454
$502
$458
0.2%
Properties Sold ...................................
34
21
14
26
-23.5%
Properties Pending Sale .......................
32
13
20
27
-15.6%
Properties For Sale ..............................
96
63
76
99
3.1%
Days on Market (Pending Sale) .............
70
122
66
68
-2.9%
Month’s Supply of Inventory .................
2.8
3
5.4
3.8
34.9%
Percent Under Contract .......................
33.3%
20.6%
26.3%
27.3%
-18.2%
$1,374,083
$1,418,833
$1,313,333
$1,388,923
1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.458
MAY JUN
$1,465,000
JUL AUG
MEDIAN SALES PRICE
SEP
$458
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.465 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ENCINO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,256,000
$1,266,000
$1,550,000
$1,458,000
16.1%
Average Price per Square Foot ..............
$529
$516
$531
$562
6.2%
Properties Sold ...................................
51
32
27
36
-29.4%
Properties Pending Sale .......................
52
36
38
43
-17.3%
Properties For Sale ..............................
104
84
93
114
9.6%
Days on Market (Pending Sale) .............
68
63
88
50
-26.5%
Month’s Supply of Inventory .................
2
2.6
3.4
3.2
55.3%
Percent Under Contract .......................
50.0%
42.9%
40.9%
37.7%
-24.6%
$1,249,917
$1,506,000
$1,367,333
$1,411,308
12.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.256
JUN
$1,458,000
JUL AUG
MEDIAN SALES PRICE
SEP
$562
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.458 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
GLENDALE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,055,000
$851,000
$910,000
$927,000
-12.1%
Average Price per Square Foot ..............
$535
$509
$510
$530
-0.9%
Properties Sold ...................................
61
61
37
56
-8.2%
Properties Pending Sale .......................
68
65
34
73
7.4%
Properties For Sale ..............................
91
88
66
88
-3.3%
Days on Market (Pending Sale) .............
40
43
50
36
-10.0%
Month’s Supply of Inventory .................
2
1.3
2.9
1.5
-24.7%
Percent Under Contract .......................
58.3%
77.9%
50.0%
74.7%
28.3%
$880,083
$985,833
$1,047,000
$955,917
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$972
JUN
$927,000
JUL AUG
MEDIAN SALES PRICE
SEP
$530
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.055 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LA CRESCENTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$885,000
$868,000
$940,000
$1,027,000
16.0%
Average Price per Square Foot ..............
$510
$519
$540
$553
8.4%
Properties Sold ...................................
15
11
8
24
60.0%
Properties Pending Sale .......................
24
17
11
34
41.7%
Properties For Sale ..............................
26
21
15
22
-15.4%
Days on Market (Pending Sale) .............
34
47
51
29
-14.7%
Month’s Supply of Inventory .................
1.7
1.9
1.9
0.9
-47.1%
Percent Under Contract .......................
92.3%
81.0%
73.3%
154.5%
67.4%
$824,000
$941,500
$970,333
$890,923
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$885
JUN
$1,027,000
JUL AUG
MEDIAN SALES PRICE
SEP
$553
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.027 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NORTH HOLLYWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$550,000
$580,000
$613,000
$669,000
21.6%
Average Price per Square Foot ..............
$402
$446
$451
$459
14.2%
Properties Sold ...................................
36
37
17
29
-19.4%
Properties Pending Sale .......................
43
37
28
43
0.0%
Properties For Sale ..............................
37
43
30
45
21.6%
Days on Market (Pending Sale) .............
32
43
103
44
37.5%
Month’s Supply of Inventory .................
1
1.2
1.8
1.6
51.0%
Percent Under Contract .......................
116.2%
86.0%
93.3%
95.6%
-17.8%
Average Median Price for Last 12 Months
$538,917
$639,000
$661,000
$611,231
13.4%
*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
$550
JUN
$669,000
JUL AUG
MEDIAN SALES PRICE
SEP
$459
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$669 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SHADOW HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,061,000
$878,000
$0
$925,000
-12.8%
Average Price per Square Foot ..............
$318
$322
$0
$394
23.9%
Properties Sold ...................................
1
7
0
7
600.0%
Properties Pending Sale .......................
7
2
7
7
0.0%
Properties For Sale ..............................
10
11
11
17
70.0%
Days on Market (Pending Sale) .............
46
119
0
48
4.3%
Month’s Supply of Inventory .................
10
1.6
n/a
2.4
-75.7%
Percent Under Contract .......................
70.0%
18.2%
63.6%
41.2%
-41.2%
$785,250
$648,000
$901,667
$751,923
-4.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.061
JUN
$925,000
JUL AUG
MEDIAN SALES PRICE
SEP
$394
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$925 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SHERMAN OAKS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,179,000
$1,135,000
$1,229,000
$1,259,000
6.8%
Average Price per Square Foot ..............
$509
$541
$591
$586
15.1%
Properties Sold ...................................
66
53
43
51
-22.7%
Properties Pending Sale .......................
73
49
51
62
-15.1%
Properties For Sale ..............................
119
94
92
124
4.2%
Days on Market (Pending Sale) .............
57
58
58
57
0.0%
Month’s Supply of Inventory .................
1.8
1.8
2.1
2.4
34.8%
Percent Under Contract .......................
61.3%
52.1%
55.4%
50.0%
-18.5%
$1,165,833
$1,288,833
$1,334,667
$1,218,308
4.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.179
JUN
$1,259,000
JUL AUG
MEDIAN SALES PRICE
SEP
$586
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.259 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
STUDIO CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,360,000
$1,430,000
$1,265,000
$1,700,000
25.0%
Average Price per Square Foot ..............
$607
$653
$599
$647
6.6%
Properties Sold ...................................
33
30
26
17
-48.5%
Properties Pending Sale .......................
32
28
36
36
12.5%
Properties For Sale ..............................
89
64
65
90
1.1%
Days on Market (Pending Sale) .............
42
56
45
43
2.4%
Month’s Supply of Inventory .................
2.7
2.1
2.5
5.3
96.3%
Percent Under Contract .......................
36.0%
43.8%
55.4%
40.0%
11.2%
$1,427,083
$1,521,667
$1,560,000
$1,425,231
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.360
JUN
$1,700,000
JUL AUG
MEDIAN SALES PRICE
SEP
$647
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.700 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SUN VALLEY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$483,000
$542,000
$497,000
$535,000
10.8%
Average Price per Square Foot ..............
$384
$400
$459
$430
12.0%
Properties Sold ...................................
22
14
10
19
-13.6%
Properties Pending Sale .......................
19
21
24
25
31.6%
Properties For Sale ..............................
31
26
17
23
-25.8%
Days on Market (Pending Sale) .............
39
24
34
48
23.1%
Month’s Supply of Inventory .................
1.4
1.9
1.7
1.2
-14.1%
Percent Under Contract .......................
61.3%
80.8%
141.2%
108.7%
77.3%
$493,583
$548,833
$539,333
$545,385
10.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$483
JUN
$535,000
JUL AUG
MEDIAN SALES PRICE
SEP
$430
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$535 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SUNLAND/TUJUNGA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$625,000
$501,000
$602,000
$669,000
7.0%
Average Price per Square Foot ..............
$373
$456
$413
$399
7.0%
Properties Sold ...................................
23
20
10
17
-26.1%
Properties Pending Sale .......................
32
19
9
20
-37.5%
Properties For Sale ..............................
16
16
19
32
100.0%
Days on Market (Pending Sale) .............
35
56
37
38
8.6%
Month’s Supply of Inventory .................
0.7
0.8
1.9
1.9
170.6%
Percent Under Contract .......................
200.0%
118.8%
47.4%
62.5%
-68.8%
Average Median Price for Last 12 Months
$580,667
$612,000
$624,667
$586,154
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 $625
MAY JUN
$669,000
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
$669 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TARZANA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,098,000
$1,065,000
$1,250,000
$1,174,000
6.9%
Average Price per Square Foot ..............
$416
$399
$511
$452
8.7%
Properties Sold ...................................
26
19
13
18
-30.8%
Properties Pending Sale .......................
34
28
42
33
-2.9%
Properties For Sale ..............................
86
76
74
107
24.4%
Days on Market (Pending Sale) .............
57
77
59
57
0.0%
Month’s Supply of Inventory .................
3.3
4
5.7
5.9
79.7%
Percent Under Contract .......................
39.5%
36.8%
56.8%
30.8%
-22.0%
$1,055,583
$1,098,500
$1,190,667
$1,083,615
2.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.098
JUN
$1,174,000
JUL AUG
MEDIAN SALES PRICE
SEP
$452
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.174 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TOLUCA LAKE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,490,000
$1,620,000
$1,175,000
$1,150,000
-22.8%
Average Price per Square Foot ..............
$569
$897
$598
$664
16.7%
Properties Sold ...................................
8
4
5
9
12.5%
Properties Pending Sale .......................
6
9
6
5
-16.7%
Properties For Sale ..............................
15
13
15
24
60.0%
Days on Market (Pending Sale) .............
53
5
52
41
-22.6%
Month’s Supply of Inventory .................
1.9
3.2
3
2.7
42.2%
Percent Under Contract .......................
40.0%
69.2%
40.0%
20.8%
-47.9%
$1,451,167
$1,481,500
$1,593,667
$1,549,769
6.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.490
JUN
$1,150,000
JUL AUG
MEDIAN SALES PRICE
SEP
$664
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.150 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
VALLEY VILLAGE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,050,000
$1,051,000
$945,000
$1,268,000
20.8%
Average Price per Square Foot ..............
$576
$538
$638
$592
2.8%
Properties Sold ...................................
17
15
6
16
-5.9%
Properties Pending Sale .......................
16
15
12
15
-6.2%
Properties For Sale ..............................
34
17
18
26
-23.5%
Days on Market (Pending Sale) .............
38
54
36
29
-23.7%
Month’s Supply of Inventory .................
2
1.1
3
1.6
-18.8%
Percent Under Contract .......................
47.1%
88.2%
66.7%
57.7%
22.6%
$916,417
$1,082,333
$1,179,000
$1,039,615
13.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.050
JUN
$1,268,000
JUL AUG
MEDIAN SALES PRICE
SEP
$592
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.268 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WESTLAKE VILLAGE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,120,000
$1,451,000
$1,093,000
$1,088,000
-2.9%
Average Price per Square Foot ..............
$411
$511
$402
$498
21.2%
Properties Sold ...................................
36
26
14
36
0.0%
Properties Pending Sale .......................
38
21
22
37
-2.6%
Properties For Sale ..............................
111
96
95
116
4.5%
Days on Market (Pending Sale) .............
70
99
91
77
10.0%
Month’s Supply of Inventory .................
3.1
3.7
6.8
3.2
4.5%
Percent Under Contract .......................
34.2%
21.9%
23.2%
31.9%
-6.8%
$1,248,333
$1,196,000
$1,302,667
$1,203,538
-3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.120
JUN
$1,088,000
JUL AUG
MEDIAN SALES PRICE
SEP
$498
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.088 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WOODLAND HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$830,000
$770,000
$834,000
$871,000
4.9%
Average Price per Square Foot ..............
$373
$392
$398
$413
10.7%
Properties Sold ...................................
69
61
49
65
-5.8%
Properties Pending Sale .......................
79
66
56
91
15.2%
Properties For Sale ..............................
137
135
110
136
-0.7%
Days on Market (Pending Sale) .............
47
55
49
50
6.4%
Month’s Supply of Inventory .................
2
2.2
2.2
2.1
5.4%
Percent Under Contract .......................
57.7%
48.9%
50.9%
66.9%
16.0%
$828,417
$868,333
$877,000
$836,692
1.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$830
JUN
$871,000
JUL AUG
MEDIAN SALES PRICE
SEP
$413
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$871 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN GABRIEL VALLEY MACRO MARKET
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,050,167
$1,130,167
$1,090,083
$1,080,833
2.9%
Average Price per Square Foot ..............
$550
$568
$575
$587
6.7%
Properties Sold ...................................
27
20
15
25
-5.9%
Properties Pending Sale .......................
31
21
20
26
-15.8%
Properties For Sale ..............................
59
47
52
58
-1.6%
Days on Market (Pending Sale) .............
46
45
35
34
-24.4%
Month’s Supply of Inventory .................
2.2
2.4
3.4
2.3
4.6%
Percent Under Contract .......................
52.3%
44.8%
38.4%
44.7%
-14.4%
$1,048,521
$1,100,194
$1,127,111
$1,085,365
3.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.050
JUN
$1,080,833
JUL AUG
MEDIAN SALES PRICE
SEP
$587
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.080 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ALHAMBRA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$694,000
$680,000
$639,000
$748,000
7.8%
Average Price per Square Foot ..............
$438
$479
$511
$490
11.9%
Properties Sold ...................................
13
13
10
20
53.8%
Properties Pending Sale .......................
23
14
12
21
-8.7%
Properties For Sale ..............................
25
16
19
28
12.0%
Days on Market (Pending Sale) .............
30
33
19
25
-16.7%
Month’s Supply of Inventory .................
1.9
1.2
1.9
1.4
-27.2%
Percent Under Contract .......................
92.0%
87.5%
63.2%
75.0%
-18.5%
$644,667
$727,167
$739,667
$704,846
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$694
JUN
$748,000
JUL AUG
MEDIAN SALES PRICE
SEP
$490
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$748 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ALTADENA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$825,000
$822,000
$863,000
$838,000
1.6%
Average Price per Square Foot ..............
$480
$484
$527
$526
9.6%
Properties Sold ...................................
35
33
18
43
22.9%
Properties Pending Sale .......................
40
26
20
37
-7.5%
Properties For Sale ..............................
43
35
51
52
20.9%
Days on Market (Pending Sale) .............
46
42
29
32
-30.4%
Month’s Supply of Inventory .................
1.2
1.1
2.8
1.2
-1.6%
Percent Under Contract .......................
93.0%
74.3%
39.2%
71.2%
-23.5%
$773,167
$801,500
$783,333
$811,000
4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $825
MAY JUN
$838,000
JUL AUG
MEDIAN SALES PRICE
SEP
$526
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$838 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ARCADIA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,059,000
$1,400,000
$1,630,000
$1,295,000
22.3%
Average Price per Square Foot ..............
$557
$568
$512
$576
3.4%
Properties Sold ...................................
40
38
21
30
-25.0%
Properties Pending Sale .......................
49
29
29
44
-10.2%
Properties For Sale ..............................
215
191
204
185
-14.0%
Days on Market (Pending Sale) .............
58
50
45
44
-24.1%
Month’s Supply of Inventory .................
5.4
5
9.7
6.2
14.7%
Percent Under Contract .......................
22.8%
15.2%
14.2%
23.8%
4.4%
$1,284,167
$1,416,500
$1,355,000
$1,330,615
3.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.059
JUN
$1,295,000
JUL AUG
MEDIAN SALES PRICE
SEP
$576
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.295 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DUARTE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$500,000
$525,000
$480,000
$500,000
0.0%
Average Price per Square Foot ..............
$410
$361
$421
$402
-2.0%
Properties Sold ...................................
11
8
11
15
36.4%
Properties Pending Sale .......................
20
13
21
17
-15.0%
Properties For Sale ..............................
17
18
20
21
23.5%
Days on Market (Pending Sale) .............
29
36
38
31
6.9%
Month’s Supply of Inventory .................
1.5
2.2
1.8
1.4
-9.4%
Percent Under Contract .......................
117.6%
72.2%
105.0%
81.0%
-31.2%
Average Median Price for Last 12 Months
$482,500
$541,667
$566,000
$529,154
9.7%
*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
$500
JUN
$500,000
JUL AUG
MEDIAN SALES PRICE
SEP
$402
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$500 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
EAGLE ROCK
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$790,000
$860,000
$868,000
$911,000
15.3%
Average Price per Square Foot ..............
$526
$569
$545
$556
5.7%
Properties Sold ...................................
4
7
14
8
100.0%
Properties Pending Sale .......................
9
5
20
2
-77.8%
Properties For Sale ..............................
16
6
18
4
-75.0%
Days on Market (Pending Sale) .............
101
45
44
45
-55.4%
Month’s Supply of Inventory .................
4
0.9
1.3
0.5
-87.5%
Percent Under Contract .......................
56.2%
83.3%
111.1%
50.0%
-11.1%
$792,750
$916,667
$896,000
$881,538
11.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$790
JUN
$911,000
JUL AUG
MEDIAN SALES PRICE
SEP
$556
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$911 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LA CANADA FLINTRIDGE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,810,000
$2,495,000
$1,250,000
$1,748,000
-3.4%
Average Price per Square Foot ..............
$664
$655
$668
$652
-1.8%
Properties Sold ...................................
25
13
7
24
-4.0%
Properties Pending Sale .......................
34
24
12
16
-52.9%
Properties For Sale ..............................
46
27
37
58
26.1%
Days on Market (Pending Sale) .............
56
42
19
44
-21.4%
Month’s Supply of Inventory .................
1.8
2.1
5.3
2.4
31.3%
Percent Under Contract .......................
73.9%
88.9%
32.4%
27.6%
-62.7%
$1,786,083
$1,709,667
$1,907,333
$1,753,769
-1.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.810
JUN
$1,748,000
JUL AUG
MEDIAN SALES PRICE
SEP
$652
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.748 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MONROVIA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$617,000
$679,000
$703,000
$752,000
21.9%
Average Price per Square Foot ..............
$399
$467
$490
$499
25.1%
Properties Sold ...................................
22
30
16
16
-27.3%
Properties Pending Sale .......................
15
20
19
21
40.0%
Properties For Sale ..............................
42
36
25
42
0.0%
Days on Market (Pending Sale) .............
29
30
58
25
-13.8%
Month’s Supply of Inventory .................
1.9
1.2
1.6
2.6
37.5%
Percent Under Contract .......................
35.7%
55.6%
76.0%
50.0%
40.0%
$654,667
$721,000
$725,000
$711,769
8.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$617
JUN
$752,000
JUL AUG
MEDIAN SALES PRICE
SEP
$499
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$752 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PASADENA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,025,000
$943,000
$960,000
$1,085,000
5.9%
Average Price per Square Foot ..............
$560
$637
$529
$599
7.0%
Properties Sold ...................................
105
58
51
91
-13.3%
Properties Pending Sale .......................
116
73
61
90
-22.4%
Properties For Sale ..............................
177
128
136
172
-2.8%
Days on Market (Pending Sale) .............
46
40
42
45
-2.2%
Month’s Supply of Inventory .................
1.7
2.2
2.7
1.9
12.1%
Percent Under Contract .......................
65.5%
57.0%
44.9%
52.3%
-20.2%
$859,417
$1,013,500
$1,079,667
$983,308
14.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.025
MAY JUN
$1,085,000
JUL AUG
MEDIAN SALES PRICE
SEP
$599
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.085 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN GABRIEL
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$722,000
$863,000
$845,000
$753,000
4.3%
Average Price per Square Foot ..............
$483
$499
$485
$457
-5.4%
Properties Sold ...................................
32
20
14
20
-37.5%
Properties Pending Sale .......................
16
23
15
25
56.2%
Properties For Sale ..............................
45
40
40
44
-2.2%
Days on Market (Pending Sale) .............
31
34
17
39
25.8%
Month’s Supply of Inventory .................
1.4
2
2.9
2.2
56.4%
Percent Under Contract .......................
35.6%
57.5%
37.5%
56.8%
59.8%
$735,250
$788,500
$752,667
$793,923
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$722
JUN
$753,000
JUL AUG
MEDIAN SALES PRICE
SEP
$457
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$753 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN MARINO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,150,000
$1,875,000
$2,405,000
$1,867,000
-13.2%
Average Price per Square Foot ..............
$853
$823
$940
$1,018
19.3%
Properties Sold ...................................
15
8
8
8
-46.7%
Properties Pending Sale .......................
16
13
9
15
-6.2%
Properties For Sale ..............................
44
40
41
56
27.3%
Days on Market (Pending Sale) .............
48
136
31
24
-50.0%
Month’s Supply of Inventory .................
2.9
5
5.1
7
138.6%
Percent Under Contract .......................
36.4%
32.5%
22.0%
26.8%
-26.3%
$2,215,417
$2,077,000
$2,054,000
$2,107,923
-4.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.150
JUN
$1,867,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,018
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.867 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SIERRA MADRE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,100,000
$1,020,000
$825,000
$1,265,000
15.0%
Average Price per Square Foot ..............
$546
$509
$567
$549
0.5%
Properties Sold ...................................
8
6
7
15
87.5%
Properties Pending Sale .......................
14
10
10
11
-21.4%
Properties For Sale ..............................
23
17
17
19
-17.4%
Days on Market (Pending Sale) .............
33
33
24
33
0.0%
Month’s Supply of Inventory .................
2.9
2.8
2.4
1.3
-55.9%
Percent Under Contract .......................
60.9%
58.8%
58.8%
57.9%
-4.9%
$1,051,333
$961,667
$1,144,000
$1,011,385
-3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.100
JUN
$1,265,000
JUL AUG
MEDIAN SALES PRICE
SEP
$549
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.265 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SOUTH PASADENA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,310,000
$1,400,000
$1,613,000
$1,208,000
-7.8%
Average Price per Square Foot ..............
$684
$761
$703
$721
5.4%
Properties Sold ...................................
13
5
4
14
7.7%
Properties Pending Sale .......................
16
4
10
11
-31.2%
Properties For Sale ..............................
11
13
12
12
9.1%
Days on Market (Pending Sale) .............
39
24
50
26
-33.3%
Month’s Supply of Inventory .................
0.8
2.6
3
0.9
1.3%
Percent Under Contract .......................
145.5%
30.8%
83.3%
91.7%
-37.0%
$1,302,833
$1,527,500
$1,522,667
$1,405,154
7.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.310
JUN
$1,208,000
JUL AUG
MEDIAN SALES PRICE
SEP
$721
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.208 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ORANGE COUNTY
ORANGE COUNTY MACRO
IRVINE
NEWPORT HEIGHTS
ALISO VIEJO
LADERA RANCH
RANCHO SANTA MARGARITA
BALBOA PENINSULA
LAGUNA BEACH
SAN CLEMENTE
CORONA DEL MAR - SPYGLASS
LAGUNA HILLS
SAN JUAN CAPISTRANO
COTO DE CAZA
LAGUNA NIGUEL
SEAL BEACH
CRYSTAL COVE
LAGUNA WOODS
SHADY CANYON
DANA POINT
LOWER NEWPORT BAY - BALBOA ISLAND
TURTLE RIDGE
EAST BLUFF - HARBOR VIEW
MISSION VIEJO
TURTLE ROCK
EAST COSTA MESA
NELLE GAIL
WESTMINSTER
FOUNTAIN VALLEY
NEWPORT BEACH
WEST BAY - SANTA ANA HEIGHTS
HUNTINGTON BEACH
NEWPORT COAST
WEST NEWPORT - LIDO
Micro Market Report : May 2018
COUNTY: ORANGE AREA: 948 SQ MILES FOUNDED: 1889
Micro Market Report : May 2018
ORANGE COUNTY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$790,000
$780,000
$801,000
$830,000
5.1%
Average Price per Square Foot ..............
$474
$456
$473
$502
5.9%
Properties Sold ...................................
1991
1519
1115
1802
-9.5%
Properties Pending Sale .......................
2020
1301
1507
1986
-1.7%
Properties For Sale ..............................
6,794
5,099
5,018
6,591
-3.0%
Days on Market (Pending Sale) .............
40
47
41
36
-10.0%
Month’s Supply of Inventory .................
3.4
3.4
4.5
3.7
7.2%
Percent Under Contract .......................
29.7%
25.5%
30.0%
30.1%
1.3%
$747,288
$803,500
$820,000
$792,962
6.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $790
MAY JUN
$830,000
JUL AUG
MEDIAN SALES PRICE
SEP
$502
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ALISO VIEJO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$822,500
$785,000
$808,000
$834,450
1.5%
Average Price per Square Foot ..............
$406
$403
$406
$451
11.1%
Properties Sold ...................................
32
11
12
12
-62.5%
Properties Pending Sale .......................
26
15
13
16
-38.5%
Properties For Sale ..............................
71
32
31
43
-39.4%
Days on Market (Pending Sale) .............
22
44
14
38
72.7%
Month’s Supply of Inventory .................
2.2
2.9
2.6
3.6
61.5%
Percent Under Contract .......................
36.6%
46.9%
41.9%
37.2%
1.6%
$796,663
$827,408
$839,150
$822,300
3.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $822
MAY JUN
$834,450
JUL AUG
MEDIAN SALES PRICE
SEP
$451
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$834 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BALBOA PENINSULA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,625,000
$2,900,000
$4,265,000
$4,630,000
27.7%
Average Price per Square Foot ..............
$1,573
$2,651
$1,661
$1,609
2.3%
Properties Sold ...................................
10
1
4
6
-40.0%
Properties Pending Sale .......................
10
4
4
7
-30.0%
Properties For Sale ..............................
41
34
31
55
34.1%
Days on Market (Pending Sale) .............
89
80
42
124
39.3%
Month’s Supply of Inventory .................
4.1
34
7.8
9.2
123.6%
Percent Under Contract .......................
24.4%
11.8%
12.9%
12.7%
-47.8%
$3,371,000
$5,078,083
$6,642,833
$3,935,077
16.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.625
JUN
$4,630,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,609
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$4.630 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CORONA DEL MAR - SPYGLASS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,777,163
$2,605,000
$3,552,000
$3,285,000
18.3%
Average Price per Square Foot ..............
$1,086
$1,127
$1,301
$1,331
22.6%
Properties Sold ...................................
20
14
7
22
10.0%
Properties Pending Sale .......................
21
12
15
17
-19.0%
Properties For Sale ..............................
93
78
81
93
0.0%
Days on Market (Pending Sale) .............
93
90
63
62
-33.3%
Month’s Supply of Inventory .................
4.6
5.6
11.6
4.2
-9.1%
Percent Under Contract .......................
22.6%
15.4%
18.5%
18.3%
-19.0%
$2,847,574
$3,384,010
$3,449,687
$3,046,556
7.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.777
JUN
$3,285,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,331
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.285 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
COTO DE CAZA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,190,000
$1,232,000
$1,265,027
$1,470,000
23.5%
Average Price per Square Foot ..............
$353
$349
$363
$441
24.9%
Properties Sold ...................................
33
14
15
21
-36.4%
Properties Pending Sale .......................
25
12
21
25
0.0%
Properties For Sale ..............................
134
96
113
143
6.7%
Days on Market (Pending Sale) .............
48
88
101
83
72.9%
Month’s Supply of Inventory .................
4.1
6.9
7.5
6.8
67.7%
Percent Under Contract .......................
18.7%
12.5%
18.6%
17.5%
-6.3%
$1,174,585
$1,281,255
$1,257,500
$1,269,425
8.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.190
JUN
$1,470,000
JUL AUG
MEDIAN SALES PRICE
SEP
$441
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.470 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CRYSTAL COVE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$7,800,000
$5,590,000
$6,100,000
$5,300,000
-32.1%
Average Price per Square Foot ..............
$1,433
$1,279
$1,234
$1,283
-10.5%
Properties Sold ...................................
5
1
2
1
-80.0%
Properties Pending Sale .......................
2
1
2
2
0.0%
Properties For Sale ..............................
25
26
21
30
20.0%
Days on Market (Pending Sale) .............
70
71
378
91
30.0%
Month’s Supply of Inventory .................
5
26
10.5
30
500.0%
Percent Under Contract .......................
8.0%
3.8%
9.5%
6.7%
-16.7%
$6,212,313
$8,853,589
$11,943,333
$8,133,461
30.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$7.800
JUN
$5,300,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,283
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
30 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DANA POINT
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,225,000
$1,394,000
$1,072,000
$1,605,000
31.0%
Average Price per Square Foot ..............
$760
$682
$611
$877
15.4%
Properties Sold ...................................
25
30
14
30
20.0%
Properties Pending Sale .......................
43
19
26
35
-18.6%
Properties For Sale ..............................
199
149
145
191
-4.0%
Days on Market (Pending Sale) .............
67
44
102
59
-11.9%
Month’s Supply of Inventory .................
8
5
10.4
6.4
-20.0%
Percent Under Contract .......................
21.6%
12.8%
17.9%
18.3%
-15.2%
$1,021,479
$1,184,917
$1,304,167
$1,176,385
15.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.225
JUN
$1,605,000
JUL AUG
MEDIAN SALES PRICE
SEP
$877
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.605 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
EAST BLUFF - HARBOR VIEW
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,840,000
$1,749,000
$2,220,000
$1,920,000
4.3%
Average Price per Square Foot ..............
$678
$621
$692
$786
15.9%
Properties Sold ...................................
18
7
15
20
11.1%
Properties Pending Sale .......................
28
12
16
19
-32.1%
Properties For Sale ..............................
118
92
92
119
0.8%
Days on Market (Pending Sale) .............
103
77
68
85
-17.5%
Month’s Supply of Inventory .................
6.6
13.1
6.1
6
-9.2%
Percent Under Contract .......................
23.7%
13.0%
17.4%
16.0%
-32.7%
$1,891,718
$2,183,333
$1,992,500
$2,097,038
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.840
JUN
$1,920,000
JUL AUG
MEDIAN SALES PRICE
SEP
$786
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.920 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
EAST COSTA MESA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,022,000
$1,050,000
$1,191,000
$1,075,000
5.2%
Average Price per Square Foot ..............
$579
$644
$627
$623
7.6%
Properties Sold ...................................
18
19
16
20
11.1%
Properties Pending Sale .......................
29
11
18
16
-44.8%
Properties For Sale ..............................
69
65
67
73
5.8%
Days on Market (Pending Sale) .............
42
68
27
44
4.8%
Month’s Supply of Inventory .................
3.8
3.4
4.2
3.6
-4.8%
Percent Under Contract .......................
42.0%
16.9%
26.9%
21.9%
-47.9%
$1,033,362
$1,092,917
$1,111,500
$1,049,606
1.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.022
JUN
$1,075,000
JUL AUG
MEDIAN SALES PRICE
SEP
$623
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.075 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
FOUNTAIN VALLEY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$760,000
$778,500
$852,500
$825,000
8.6%
Average Price per Square Foot ..............
$393
$406
$417
$420
6.9%
Properties Sold ...................................
23
22
22
24
4.3%
Properties Pending Sale .......................
35
27
24
44
25.7%
Properties For Sale ..............................
72
53
53
80
11.1%
Days on Market (Pending Sale) .............
18
24
19
21
16.7%
Month’s Supply of Inventory .................
3.1
2.4
2.4
3.3
6.5%
Percent Under Contract .......................
48.6%
50.9%
45.3%
55.0%
13.1%
$768,017
$810,833
$819,333
$790,769
3.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$760
JUN
$825,000
JUL AUG
MEDIAN SALES PRICE
SEP
$420
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$825 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HUNTINGTON BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$880,000
$922,500
$960,000
$893,000
1.5%
Average Price per Square Foot ..............
$488
$511
$510
$539
10.5%
Properties Sold ...................................
127
98
69
127
0.0%
Properties Pending Sale .......................
103
90
97
128
24.3%
Properties For Sale ..............................
333
264
268
316
-5.1%
Days on Market (Pending Sale) .............
34
39
39
26
-23.5%
Month’s Supply of Inventory .................
2.6
2.7
3.9
2.5
-5.1%
Percent Under Contract .......................
30.9%
34.1%
36.2%
40.5%
31.0%
$820,500
$884,167
$880,000
$886,423
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$880
JUN
$893,000
JUL AUG
MEDIAN SALES PRICE
SEP
$539
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$893 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
IRVINE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,142,000
$1,240,000
$1,195,999
$1,180,000
3.3%
Average Price per Square Foot ..............
$519
$522
$511
$529
1.9%
Properties Sold ...................................
118
93
68
123
4.2%
Properties Pending Sale .......................
105
81
93
121
15.2%
Properties For Sale ..............................
458
317
358
477
4.1%
Days on Market (Pending Sale) .............
39
56
34
32
-17.9%
Month’s Supply of Inventory .................
3.9
3.4
5.3
3.9
-0.1%
Percent Under Contract .......................
22.9%
25.6%
26.0%
25.4%
10.6%
$1,088,124
$1,182,417
$1,209,667
$1,149,846
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.142
JUN
$1,180,000
JUL AUG
MEDIAN SALES PRICE
SEP
$529
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.180 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LADERA RANCH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$779,000
$1,024,400
$825,000
$1,147,000
47.2%
Average Price per Square Foot ..............
$350
$355
$383
$389
11.1%
Properties Sold ...................................
27
28
22
41
51.9%
Properties Pending Sale .......................
31
17
28
41
32.3%
Properties For Sale ..............................
130
92
91
115
-11.5%
Days on Market (Pending Sale) .............
32
54
55
45
40.6%
Month’s Supply of Inventory .................
4.8
3.3
4.1
2.8
-41.7%
Percent Under Contract .......................
23.8%
18.5%
30.8%
35.7%
49.5%
$890,250
$1,024,358
$1,090,333
$963,731
8.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$779
JUN
$1,147,000
JUL AUG
MEDIAN SALES PRICE
SEP
$389
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.147 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LAGUNA BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,925,000
$1,964,000
$2,262,500
$1,935,000
0.5%
Average Price per Square Foot ..............
$1,113
$946
$1,141
$1,621
45.6%
Properties Sold ...................................
39
27
14
24
-38.5%
Properties Pending Sale .......................
26
19
26
40
53.8%
Properties For Sale ..............................
254
243
241
289
13.8%
Days on Market (Pending Sale) .............
70
88
120
86
22.9%
Month’s Supply of Inventory .................
6.5
9
17.2
12
84.9%
Percent Under Contract .......................
10.2%
7.8%
10.8%
13.8%
35.2%
$2,030,633
$2,210,625
$2,084,583
$2,032,135
0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.925
JUN
$1,935,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,621
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
12 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.935 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LAGUNA NIGUEL
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$929,500
$965,000
$942,500
$987,375
6.2%
Average Price per Square Foot ..............
$427
$434
$430
$435
1.9%
Properties Sold ...................................
76
43
46
52
-31.6%
Properties Pending Sale .......................
60
45
48
63
5.0%
Properties For Sale ..............................
267
193
184
242
-9.4%
Days on Market (Pending Sale) .............
48
42
41
41
-14.6%
Month’s Supply of Inventory .................
3.5
4.5
4
4.7
32.5%
Percent Under Contract .......................
22.5%
23.3%
26.1%
26.0%
15.8%
$894,058
$942,421
$968,042
$953,848
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $929
MAY JUN
$987,375
JUL AUG
MEDIAN SALES PRICE
SEP
$435
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$987 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LAGUNA HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$865,000
$848,000
$1,158,000
$837,500
-3.2%
Average Price per Square Foot ..............
$368
$359
$433
$382
3.8%
Properties Sold ...................................
32
24
10
28
-12.5%
Properties Pending Sale .......................
33
14
29
26
-21.2%
Properties For Sale ..............................
125
75
74
96
-23.2%
Days on Market (Pending Sale) .............
30
62
40
44
46.7%
Month’s Supply of Inventory .................
3.9
3.1
7.4
3.4
-12.2%
Percent Under Contract .......................
26.4%
18.7%
39.2%
27.1%
2.6%
$837,009
$904,333
$857,500
$868,962
3.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$865
JUN
$837,500
JUL AUG
MEDIAN SALES PRICE
SEP
$382
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$837 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LAGUNA WOODS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$0
$975,000
$860,000
$0
n/a
Average Price per Square Foot ..............
$0
$546
$540
$0
n/a
Properties Sold ...................................
0
1
1
0
n/a
Properties Pending Sale .......................
0
1
0
0
n/a
Properties For Sale ..............................
0
2
2
0
n/a
Days on Market (Pending Sale) .............
0
15
0
0
n/a
Month’s Supply of Inventory .................
n/a
2
2
n/a
n/a
Percent Under Contract .......................
n/a
50.0%
0.0%
n/a
n/a
Average Median Price for Last 12 Months
$0
$794,750
n/a
$854,833
n/a
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for 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
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 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LANTERN VILLAGE IN DANA POINT
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,646,500
$970,000
$1,094,000
$2,210,000
34.2%
Average Price per Square Foot ..............
$851
$508
$563
$735
-13.6%
Properties Sold ...................................
2
8
5
3
50.0%
Properties Pending Sale .......................
4
3
3
6
50.0%
Properties For Sale ..............................
23
22
18
30
30.4%
Days on Market (Pending Sale) .............
14
51
98
43
207.1%
Month’s Supply of Inventory .................
11.5
2.8
3.6
10
-13.0%
Percent Under Contract .......................
17.4%
13.6%
16.7%
20.0%
15.0%
$948,875
$1,270,750
$1,336,333
$1,185,077
24.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.646
JUN
$2,210,000
JUL AUG
MEDIAN SALES PRICE
SEP
$735
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.210 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LOWER NEWPORT BAY - BALBOA ISLAND
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,929,350
$3,705,000
$2,717,500
$5,400,000
84.3%
Average Price per Square Foot ..............
$1,201
$1,281
$1,630
$2,222
85.0%
Properties Sold ...................................
8
7
2
7
-12.5%
Properties Pending Sale .......................
8
5
4
11
37.5%
Properties For Sale ..............................
37
31
21
36
-2.7%
Days on Market (Pending Sale) .............
54
94
109
29
-46.3%
Month’s Supply of Inventory .................
4.6
4.4
10.5
5.1
11.2%
Percent Under Contract .......................
21.6%
16.1%
19.0%
30.6%
41.3%
$3,258,679
$3,687,917
$4,450,000
$3,624,950
11.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.929
JUN
$5,400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$2,222
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$5.400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MISSION VIEJO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$750,000
$735,000
$757,500
$790,000
5.3%
Average Price per Square Foot ..............
$357
$381
$377
$380
6.4%
Properties Sold ...................................
101
76
48
81
-19.8%
Properties Pending Sale .......................
112
66
84
95
-15.2%
Properties For Sale ..............................
293
381
217
297
1.4%
Days on Market (Pending Sale) .............
36
47
30
27
-25.0%
Month’s Supply of Inventory .................
2.9
5
4.5
3.7
26.4%
Percent Under Contract .......................
38.2%
17.3%
38.7%
32.0%
-16.3%
$709,329
$757,833
$775,000
$748,327
5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $750
MAY JUN
$790,000
JUL AUG
MEDIAN SALES PRICE
SEP
$380
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$790 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MONARCH BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,400,000
$2,090,000
$1,725,000
$2,549,500
82.1%
Average Price per Square Foot ..............
$863
$843
$761
$1,056
22.4%
Properties Sold ...................................
11
11
2
12
9.1%
Properties Pending Sale .......................
17
8
8
15
-11.8%
Properties For Sale ..............................
93
65
64
91
-2.2%
Days on Market (Pending Sale) .............
87
33
109
68
-21.8%
Month’s Supply of Inventory .................
8.5
5.9
32
7.6
-10.3%
Percent Under Contract .......................
18.3%
12.3%
12.5%
16.5%
-9.8%
$1,790,448
$1,695,583
$2,032,833
$1,686,013
-5.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.400
JUN
$2,549,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,056
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.549 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NELLE GAIL
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$865,000
$848,000
$1,158,000
$840,000
-2.9%
Average Price per Square Foot ..............
$368
$359
$433
$382
3.8%
Properties Sold ...................................
32
24
10
27
-15.6%
Properties Pending Sale .......................
32
15
28
25
-21.9%
Properties For Sale ..............................
124
76
72
95
-23.4%
Days on Market (Pending Sale) .............
31
60
41
44
41.9%
Month’s Supply of Inventory .................
3.9
3.2
7.2
3.5
-9.2%
Percent Under Contract .......................
25.8%
19.7%
38.9%
26.3%
2.0%
$854,232
$903,917
$860,833
$870,115
1.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$865
JUN
$840,000
JUL AUG
MEDIAN SALES PRICE
SEP
$382
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$840 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NEWPORT BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,400,000
$2,025,000
$2,175,000
$2,358,000
-1.8%
Average Price per Square Foot ..............
$915
$901
$985
$1,167
27.5%
Properties Sold ...................................
71
39
40
60
-15.5%
Properties Pending Sale .......................
71
36
43
72
1.4%
Properties For Sale ..............................
361
288
257
363
0.6%
Days on Market (Pending Sale) .............
88
86
73
58
-34.1%
Month’s Supply of Inventory .................
5.1
7.4
6.4
6
19.0%
Percent Under Contract .......................
19.7%
12.5%
16.7%
19.8%
0.8%
$2,067,333
$2,309,250
$2,168,500
$2,317,538
12.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.400
JUN
$2,358,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,167
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.358 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NEWPORT COAST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,945,000
$2,913,500
$4,000,000
$3,275,000
-17.0%
Average Price per Square Foot ..............
$1,113
$829
$906
$844
-24.2%
Properties Sold ...................................
20
10
13
8
-60.0%
Properties Pending Sale .......................
13
11
11
11
-15.4%
Properties For Sale ..............................
114
90
75
101
-11.4%
Days on Market (Pending Sale) .............
97
56
115
71
-26.8%
Month’s Supply of Inventory .................
5.7
9
5.8
12.6
121.5%
Percent Under Contract .......................
11.4%
12.2%
14.7%
10.9%
-4.5%
$3,175,510
$3,469,333
$3,063,000
$3,744,577
17.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.945
JUN
$3,275,000
JUL AUG
MEDIAN SALES PRICE
SEP
$844
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
12.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.275 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NEWPORT HEIGHTS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,703,000
$1,904,500
$2,780,000
$1,755,000
-35.1%
Average Price per Square Foot ..............
$700
$759
$838
$770
10.0%
Properties Sold ...................................
7
8
5
8
14.3%
Properties Pending Sale .......................
4
4
4
8
100.0%
Properties For Sale ..............................
37
40
31
37
0.0%
Days on Market (Pending Sale) .............
135
106
75
13
-90.4%
Month’s Supply of Inventory .................
5.3
5
6.2
4.6
-12.5%
Percent Under Contract .......................
10.8%
10.0%
12.9%
21.6%
100.0%
$2,040,510
$2,400,417
$2,247,500
$2,473,885
21.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.703
MAY JUN
$1,755,000
JUL AUG
MEDIAN SALES PRICE
SEP
$770
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.755 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
RANCHO SANTA MARGARITA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$768,500
$735,000
$812,500
$846,000
10.1%
Average Price per Square Foot ..............
$354
$359
$351
$358
1.1%
Properties Sold ...................................
61
40
24
48
-21.3%
Properties Pending Sale .......................
62
32
45
56
-9.7%
Properties For Sale ..............................
152
87
91
137
-9.9%
Days on Market (Pending Sale) .............
31
42
24
34
9.7%
Month’s Supply of Inventory .................
2.5
2.2
3.8
2.9
14.5%
Percent Under Contract .......................
40.8%
36.8%
49.5%
40.9%
0.2%
$730,083
$813,000
$814,000
$788,731
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$768
JUN
$846,000
JUL AUG
MEDIAN SALES PRICE
SEP
$358
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$846 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN CLEMENTE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$975,000
$965,000
$1,088,500
$1,100,000
12.8%
Average Price per Square Foot ..............
$441
$456
$397
$437
-0.9%
Properties Sold ...................................
82
51
32
79
-3.7%
Properties Pending Sale .......................
61
44
82
82
34.4%
Properties For Sale ..............................
308
229
258
305
-1.0%
Days on Market (Pending Sale) .............
48
80
54
49
2.1%
Month’s Supply of Inventory .................
3.8
4.5
8.1
3.9
2.8%
Percent Under Contract .......................
19.8%
19.2%
31.8%
26.9%
35.7%
$941,589
$1,043,000
$1,053,333
$1,006,359
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$975
JUN
$1,100,000
JUL AUG
MEDIAN SALES PRICE
SEP
$437
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.100 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN JUAN CAPISTRANO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$979,000
$1,112,500
$1,050,000
$1,311,926
34.0%
Average Price per Square Foot ..............
$395
$443
$390
$425
7.6%
Properties Sold ...................................
42
32
25
34
-19.0%
Properties Pending Sale .......................
39
26
30
37
-5.1%
Properties For Sale ..............................
185
148
125
148
-20.0%
Days on Market (Pending Sale) .............
64
43
66
53
-17.2%
Month’s Supply of Inventory .................
4.4
4.6
5
4.4
-1.2%
Percent Under Contract .......................
21.1%
17.6%
24.0%
25.0%
18.6%
$954,458
$1,107,245
$1,162,309
$1,072,135
12.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$979
JUN
$1,311,926
JUL AUG
MEDIAN SALES PRICE
SEP
$425
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.311 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SEAL BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,124,000
$1,010,000
$1,060,000
$997,000
-11.3%
Average Price per Square Foot ..............
$739
$480
$494
$506
-31.5%
Properties Sold ...................................
14
12
13
17
21.4%
Properties Pending Sale .......................
13
4
6
11
-15.4%
Properties For Sale ..............................
40
30
22
31
-22.5%
Days on Market (Pending Sale) .............
63
79
42
22
-65.1%
Month’s Supply of Inventory .................
2.9
2.5
1.7
1.8
-36.2%
Percent Under Contract .......................
32.5%
13.3%
27.3%
35.5%
9.2%
$998,521
$1,000,083
$1,032,167
$993,381
-0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.124
MAY JUN
$997,000
JUL AUG
MEDIAN SALES PRICE
SEP
$506
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$997 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SHADY CANYON
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,520,000
$2,487,500
$1,928,500
$2,317,444
-8.0%
Average Price per Square Foot ..............
$699
$711
$660
$695
-0.6%
Properties Sold ...................................
20
12
8
16
-20.0%
Properties Pending Sale .......................
9
8
16
13
44.4%
Properties For Sale ..............................
89
65
73
91
2.2%
Days on Market (Pending Sale) .............
63
79
51
34
-46.0%
Month’s Supply of Inventory .................
4.4
5.4
9.1
5.7
27.8%
Percent Under Contract .......................
10.1%
12.3%
21.9%
14.3%
41.3%
$1,963,776
$1,935,157
$2,098,815
$1,941,810
-1.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.520
MAY JUN
$2,317,444
JUL AUG
MEDIAN SALES PRICE
SEP
$695
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.317 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TURTLE RIDGE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,152,500
$2,782,500
$2,694,000
$1,650,000
-23.3%
Average Price per Square Foot ..............
$696
$697
$733
$635
-8.8%
Properties Sold ...................................
4
2
2
1
-75.0%
Properties Pending Sale .......................
1
1
5
3
200.0%
Properties For Sale ..............................
23
20
20
22
-4.3%
Days on Market (Pending Sale) .............
291
254
107
24
-91.8%
Month’s Supply of Inventory .................
5.8
10
10
22
282.6%
Percent Under Contract .......................
4.3%
5.0%
25.0%
13.6%
213.6%
$2,134,830
$2,220,722
$2,062,963
$2,297,739
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.152
JUN
$1,650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$635
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
22 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
TURTLE ROCK
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,216,146
$2,300,000
$1,566,000
$1,800,000
-44.0%
Average Price per Square Foot ..............
$709
$661
$632
$620
-12.6%
Properties Sold ...................................
15
3
6
9
-40.0%
Properties Pending Sale .......................
6
4
9
6
0.0%
Properties For Sale ..............................
52
19
25
33
-36.5%
Days on Market (Pending Sale) .............
32
41
25
9
-71.9%
Month’s Supply of Inventory .................
3.5
6.3
4.2
3.7
5.8%
Percent Under Contract .......................
11.5%
21.1%
36.0%
18.2%
57.6%
$1,858,346
$1,686,833
$1,835,000
$1,812,050
-2.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $3.216
MAY JUN
$1,800,000
JUL AUG
MEDIAN SALES PRICE
SEP
$620
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.800 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WESTMINSTER
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$650,000
$624,000
$690,000
$650,000
0.0%
Average Price per Square Foot ..............
$382
$406
$373
$441
15.4%
Properties Sold ...................................
34
36
29
40
17.6%
Properties Pending Sale .......................
42
30
24
39
-7.1%
Properties For Sale ..............................
96
70
61
98
2.1%
Days on Market (Pending Sale) .............
22
26
22
18
-18.2%
Month’s Supply of Inventory .................
2.8
1.9
2.1
2.4
-13.2%
Percent Under Contract .......................
43.8%
42.9%
39.3%
39.8%
-9.0%
$618,042
$670,908
$676,667
$654,573
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$650
JUN
$650,000
JUL AUG
MEDIAN SALES PRICE
SEP
$441
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST BAY - SANTA ANA HEIGHTS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,950,000
$1,500,000
$1,800,000
$1,792,000
-8.1%
Average Price per Square Foot ..............
$673
$571
$982
$745
10.7%
Properties Sold ...................................
13
7
9
9
-30.8%
Properties Pending Sale .......................
13
4
5
15
15.4%
Properties For Sale ..............................
67
45
34
59
-11.9%
Days on Market (Pending Sale) .............
51
47
38
39
-23.5%
Month’s Supply of Inventory .................
5.2
6.4
3.8
6.6
27.2%
Percent Under Contract .......................
19.4%
8.9%
14.7%
25.4%
31.0%
$1,621,771
$1,815,663
$1,726,667
$1,837,902
13.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.950
JUN
$1,792,000
JUL AUG
MEDIAN SALES PRICE
SEP
$745
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.792 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST NEWPORT - LIDO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,225,000
$3,015,000
$1,645,000
$3,412,500
53.4%
Average Price per Square Foot ..............
$1,043
$1,185
$1,366
$1,588
52.3%
Properties Sold ...................................
14
9
5
10
-28.6%
Properties Pending Sale .......................
9
7
10
12
33.3%
Properties For Sale ..............................
60
45
47
55
-8.3%
Days on Market (Pending Sale) .............
97
113
95
58
-40.2%
Month’s Supply of Inventory .................
4.3
5
9.4
5.5
28.3%
Percent Under Contract .......................
15.0%
15.6%
21.3%
21.8%
45.5%
$2,597,208
$3,414,417
$3,530,500
$3,185,542
22.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.225
JUN
$3,412,500
JUL AUG
MEDIAN SALES PRICE
SEP
$1,588
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$3.412 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA BARBARA COUNTY
CARPINTERIA
SANTA BARBARA EAST OF STATE
GOLETA
SANTA BARBARA WEST OF STATE
HOPE RANCH
SANTA YNEZ
MONTECITO
Micro Market Report : May 2018
COUNTY: SANTA BARBARA AREA: 3,789 SQ MILES FOUNDED: 1850
Micro Market Report : May 2018
CARPINTERIA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$873,250
$1,245,000
$1,357,500
$989,000
13.3%
Average Price per Square Foot ..............
$701
$582
$985
$710
1.3%
Properties Sold ...................................
6
8
2
7
16.7%
Properties Pending Sale .......................
13
6
4
8
-38.5%
Properties For Sale ..............................
47
38
22
30
-36.2%
Days on Market (Pending Sale) .............
93
79
56
16
-82.8%
Month’s Supply of Inventory .................
7.8
4.8
11
4.3
-45.3%
Percent Under Contract .......................
27.7%
15.8%
18.2%
26.7%
-3.6%
$1,033,708
$1,093,965
$965,597
$1,107,676
7.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$873
JUN
$989,000
JUL AUG
MEDIAN SALES PRICE
SEP
$710
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$989 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
GOLETA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$797,000
$974,000
$860,000
$939,000
17.8%
Average Price per Square Foot ..............
$521
$496
$496
$499
-4.2%
Properties Sold ...................................
3
6
5
15
400.0%
Properties Pending Sale .......................
15
3
9
15
0.0%
Properties For Sale ..............................
40
25
21
38
-5.0%
Days on Market (Pending Sale) .............
19
68
16
7
-63.2%
Month’s Supply of Inventory .................
13.3
4.2
4.2
2.5
-81.0%
Percent Under Contract .......................
37.5%
12.0%
42.9%
39.5%
5.3%
$835,719
$856,063
$870,458
$861,779
3.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$797
JUN
$939,000
JUL AUG
MEDIAN SALES PRICE
SEP
$499
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$939 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
HOPE RANCH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,930,300
$3,227,500
$3,770,850
$10,000,000
418.1%
Average Price per Square Foot ..............
$1,018
$765
$793
$1,799
76.7%
Properties Sold ...................................
2
2
6
3
50.0%
Properties Pending Sale .......................
6
2
6
1
-83.3%
Properties For Sale ..............................
37
35
28
30
-18.9%
Days on Market (Pending Sale) .............
96
196
92
322
235.4%
Month’s Supply of Inventory .................
18.5
17.5
4.7
10
-45.9%
Percent Under Contract .......................
16.2%
5.7%
21.4%
3.3%
-79.4%
$2,503,422
$4,987,100
$5,751,667
$4,175,338
66.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.930
JUN
$10,000,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,799
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$10.000 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MONTECITO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$3,200,000
$2,907,950
$2,357,272
$2,775,000
-13.3%
Average Price per Square Foot ..............
$1,010
$1,028
$1,085
$1,184
17.2%
Properties Sold ...................................
21
14
8
11
-47.6%
Properties Pending Sale .......................
14
19
11
18
28.6%
Properties For Sale ..............................
169
154
125
144
-14.8%
Days on Market (Pending Sale) .............
160
126
83
38
-76.2%
Month’s Supply of Inventory .................
8
11
15.6
13.1
62.7%
Percent Under Contract .......................
8.3%
12.3%
8.8%
12.5%
50.9%
$2,870,042
$3,211,337
$3,933,167
$3,181,133
10.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$3.200
JUN
$2,775,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,184
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
13.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.775 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA BARBARA EAST OF STATE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,110,000
$1,330,000
$1,416,000
$1,475,000
32.9%
Average Price per Square Foot ..............
$703
$735
$744
$756
7.5%
Properties Sold ...................................
31
28
24
23
-25.8%
Properties Pending Sale .......................
39
22
30
41
5.1%
Properties For Sale ..............................
132
110
107
164
24.2%
Days on Market (Pending Sale) .............
51
82
41
42
-17.6%
Month’s Supply of Inventory .................
4.3
3.9
4.5
7.1
67.5%
Percent Under Contract .......................
29.5%
20.0%
28.0%
25.0%
-15.4%
$1,303,629
$1,564,419
$1,451,375
$1,442,886
10.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.110
JUN
$1,475,000
JUL AUG
MEDIAN SALES PRICE
SEP
$756
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.475 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA BARBARA WEST OF STATE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,115,500
$940,000
$1,275,000
$1,085,000
-2.7%
Average Price per Square Foot ..............
$778
$766
$735
$766
-1.5%
Properties Sold ...................................
29
19
15
23
-20.7%
Properties Pending Sale .......................
22
13
17
23
4.5%
Properties For Sale ..............................
79
50
63
93
17.7%
Days on Market (Pending Sale) .............
30
47
21
27
-10.0%
Month’s Supply of Inventory .................
2.7
2.6
4.2
4
48.4%
Percent Under Contract .......................
27.8%
26.0%
27.0%
24.7%
-11.2%
$1,097,700
$1,217,333
$1,258,833
$1,156,385
5.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.115
JUN
$1,085,000
JUL AUG
MEDIAN SALES PRICE
SEP
$766
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.085 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA YNEZ
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,175,000
$735,000
$834,500
$802,750
-31.7%
Average Price per Square Foot ..............
$508
$494
$366
$373
-26.6%
Properties Sold ...................................
15
21
10
18
20.0%
Properties Pending Sale .......................
21
18
16
33
57.1%
Properties For Sale ..............................
153
131
129
158
3.3%
Days on Market (Pending Sale) .............
82
47
112
104
26.8%
Month’s Supply of Inventory .................
10.2
6.2
12.9
8.8
-13.9%
Percent Under Contract .......................
13.7%
13.7%
12.4%
20.9%
52.2%
$848,514
$984,958
$892,583
$906,731
6.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.175
MAY JUN
$802,750
JUL AUG
MEDIAN SALES PRICE
SEP
$373
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$802 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MONTEREY COUNTY
CARMEL
PACIFIC GROVE
CARMEL VALLEY
PEBBLE BEACH
MARINA
SALINAS
MONTEREY
SEASIDE
Micro Market Report : May 2018
COUNTY: MONTEREY AREA: 3,771 SQ MILES FOUNDED: 1850
Micro Market Report : May 2018
CARMEL
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,700,000
$1,515,000
$1,900,000
$1,830,000
7.6%
Average Price per Square Foot ..............
$830
$909
$1,118
$919
10.7%
Properties Sold ...................................
21
33
19
36
71.4%
Properties Pending Sale .......................
28
22
22
29
3.6%
Properties For Sale ..............................
175
154
137
158
-9.7%
Days on Market (Pending Sale) .............
88
106
53
61
-30.7%
Month’s Supply of Inventory .................
8.3
4.7
7.2
4.4
-47.3%
Percent Under Contract .......................
16.0%
14.3%
16.1%
18.4%
14.7%
$1,493,750
$1,790,000
$1,729,167
$1,664,377
11.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.700
JUN
$1,830,000
JUL AUG
MEDIAN SALES PRICE
SEP
$919
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.830 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CARMEL VALLEY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,007,500
$914,500
$1,077,000
$855,000
-15.1%
Average Price per Square Foot ..............
$481
$512
$518
$560
16.4%
Properties Sold ...................................
16
10
5
13
-18.8%
Properties Pending Sale .......................
12
4
8
17
41.7%
Properties For Sale ..............................
70
63
61
73
4.3%
Days on Market (Pending Sale) .............
37
134
101
97
162.2%
Month’s Supply of Inventory .................
4.4
6.3
12.2
5.6
28.4%
Percent Under Contract .......................
17.1%
6.3%
13.1%
23.3%
35.8%
$1,136,208
$1,125,688
$1,200,708
$1,051,429
-7.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.007
JUN
$855,000
JUL AUG
MEDIAN SALES PRICE
SEP
$560
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$855 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MARINA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$541,000
$580,000
$590,000
$610,000
12.8%
Average Price per Square Foot ..............
$337
$344
$364
$344
2.1%
Properties Sold ...................................
12
11
9
16
33.3%
Properties Pending Sale .......................
16
17
20
25
56.2%
Properties For Sale ..............................
43
47
41
51
18.6%
Days on Market (Pending Sale) .............
43
55
60
49
14.0%
Month’s Supply of Inventory .................
3.6
4.3
4.6
3.2
-11.0%
Percent Under Contract .......................
37.2%
36.2%
48.8%
49.0%
31.7%
$507,413
$573,750
$589,333
$566,692
11.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$541
JUN
$610,000
JUL AUG
MEDIAN SALES PRICE
SEP
$344
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$610 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MONTEREY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$800,000
$871,500
$879,000
$895,000
11.9%
Average Price per Square Foot ..............
$470
$493
$479
$529
12.6%
Properties Sold ...................................
28
20
15
20
-28.6%
Properties Pending Sale .......................
18
19
26
25
38.9%
Properties For Sale ..............................
89
99
88
102
14.6%
Days on Market (Pending Sale) .............
40
71
81
53
32.5%
Month’s Supply of Inventory .................
3.2
5
5.9
5.1
60.4%
Percent Under Contract .......................
20.2%
19.2%
29.5%
24.5%
21.2%
$764,217
$872,656
$880,833
$836,841
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$800
JUN
$895,000
JUL AUG
MEDIAN SALES PRICE
SEP
$529
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$895 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PACIFIC GROVE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$885,000
$1,147,500
$949,000
$867,500
-2.0%
Average Price per Square Foot ..............
$691
$633
$608
$675
-2.3%
Properties Sold ...................................
16
8
11
18
12.5%
Properties Pending Sale .......................
18
11
15
18
0.0%
Properties For Sale ..............................
54
46
50
46
-14.8%
Days on Market (Pending Sale) .............
47
53
28
66
40.4%
Month’s Supply of Inventory .................
3.4
5.8
4.5
2.6
-24.3%
Percent Under Contract .......................
33.3%
23.9%
30.0%
39.1%
17.4%
$920,792
$912,500
$905,333
$920,038
-0.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$885
JUN
$867,500
JUL AUG
MEDIAN SALES PRICE
SEP
$675
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$867 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PEBBLE BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,755,000
$1,537,500
$1,287,500
$1,597,500
-9.0%
Average Price per Square Foot ..............
$590
$912
$790
$802
35.9%
Properties Sold ...................................
12
8
10
12
0.0%
Properties Pending Sale .......................
16
14
11
15
-6.2%
Properties For Sale ..............................
101
95
80
78
-22.8%
Days on Market (Pending Sale) .............
82
70
79
109
32.9%
Month’s Supply of Inventory .................
8.4
11.9
8
6.5
-22.8%
Percent Under Contract .......................
15.8%
14.7%
13.8%
19.2%
21.4%
$1,723,667
$1,717,167
$1,547,500
$1,774,034
2.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.755
JUN
$1,597,500
JUL AUG
MEDIAN SALES PRICE
SEP
$802
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.597 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SALINAS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$525,000
$466,500
$451,250
$535,000
1.9%
Average Price per Square Foot ..............
$296
$324
$283
$333
12.5%
Properties Sold ...................................
49
50
34
59
20.4%
Properties Pending Sale .......................
71
62
42
73
2.8%
Properties For Sale ..............................
196
175
121
170
-13.3%
Days on Market (Pending Sale) .............
51
41
39
29
-43.1%
Month’s Supply of Inventory .................
4
3.5
3.6
2.9
-28.0%
Percent Under Contract .......................
36.2%
35.4%
34.7%
42.9%
18.5%
$473,208
$500,167
$519,417
$497,079
5.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $525
MAY JUN
$535,000
JUL AUG
MEDIAN SALES PRICE
SEP
$333
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$535 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SEASIDE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$482,500
$482,500
$735,000
$556,500
15.3%
Average Price per Square Foot ..............
$339
$408
$422
$369
8.8%
Properties Sold ...................................
22
16
9
17
-22.7%
Properties Pending Sale .......................
25
15
22
22
-12.0%
Properties For Sale ..............................
56
51
44
41
-26.8%
Days on Market (Pending Sale) .............
39
50
45
29
-25.6%
Month’s Supply of Inventory .................
2.5
3.2
4.9
2.4
-5.3%
Percent Under Contract .......................
44.6%
29.4%
50.0%
53.7%
20.2%
$475,042
$564,800
$523,233
$535,027
12.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$482
JUN
$556,500
JUL AUG
MEDIAN SALES PRICE
SEP
$369
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$556 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN DIEGO COUNTY
SAN DIEGO MACRO
LA MESA
CARLSBAD
LEMON GROVE
CARMEL VALLEY
NATIONAL CITY
CHULA VISTA
OCEANSIDE
CORONADO
POWAY
DEL MAR
RANCHO BERNARDO
EL CAJON
SAN MARCOS
ENCINITAS
SANTEE
ESCONDIDO
SOLANA BEACH
IMPERIAL BEACH
VISTA
LA JOLLA
Micro Market Report : May 2018
COUNTY: SAN DIEGO AREA: 4,526 SQ MILES FOUNDED: 1850
Micro Market Report : May 2018
SAN DIEGO COUNTY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$612,950
$625,000
$612,000
$650,000
6.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
2299
1752
1361
2036
-11.4%
Properties Pending Sale .......................
2645
1746
1811
2542
-3.9%
Properties For Sale ..............................
7,357
5,992
5,565
7,506
2.0%
Days on Market (Pending Sale) .............
33
40
34
33
0.0%
Month’s Supply of Inventory .................
3.2
3.4
4.1
3.7
15.2%
Percent Under Contract .......................
36.0%
29.1%
32.5%
33.9%
-5.8%
$573,748
$623,667
$641,667
$619,112
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $612
MAY JUN
$650,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$650 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BAY PARK/OLD TOWN/MIDWAY DISTRICT
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$820,000
$982,000
$860,000
$860,250
4.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
5
7
13
10
100.0%
Properties Pending Sale .......................
16
15
12
6
-62.5%
Properties For Sale ..............................
31
39
28
31
0.0%
Days on Market (Pending Sale) .............
50
21
19
26
-48.0%
Month’s Supply of Inventory .................
6.2
5.6
2.2
3.1
-50.0%
Percent Under Contract .......................
51.6%
38.5%
42.9%
19.4%
-62.5%
$763,946
$845,085
$861,917
$843,782
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$820
JUN
$860,250
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
$860 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CARLSBAD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$960,000
$928,888
$983,000
$975,000
1.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
123
81
54
78
-36.6%
Properties Pending Sale .......................
136
78
72
135
-0.7%
Properties For Sale ..............................
332
212
226
362
9.0%
Days on Market (Pending Sale) .............
30
38
34
29
-3.3%
Month’s Supply of Inventory .................
2.7
2.6
4.2
4.6
71.9%
Percent Under Contract .......................
41.0%
36.8%
31.9%
37.3%
-9.0%
$893,083
$963,833
$981,667
$955,442
6.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $960
MAY JUN
$975,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$975 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CARMEL VALLEY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,222,500
$640,000
$1,232,000
$1,340,000
9.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
60
32
16
58
-3.3%
Properties Pending Sale .......................
58
30
45
57
-1.7%
Properties For Sale ..............................
166
80
116
162
-2.4%
Days on Market (Pending Sale) .............
26
22
47
24
-7.7%
Month’s Supply of Inventory .................
2.8
2.5
7.2
2.8
1.0%
Percent Under Contract .......................
34.9%
37.5%
38.8%
35.2%
0.7%
$1,189,917
$1,287,000
$1,350,000
$1,207,915
1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.222
JUN
$1,340,000
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
$1.340 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CHULA VISTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$539,900
$585,000
$573,500
$577,000
6.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
151
108
94
125
-17.2%
Properties Pending Sale .......................
181
119
126
193
6.6%
Properties For Sale ..............................
425
342
340
451
6.1%
Days on Market (Pending Sale) .............
32
42
51
30
-6.2%
Month’s Supply of Inventory .................
2.8
3.2
3.6
3.6
28.2%
Percent Under Contract .......................
42.6%
34.8%
37.1%
42.8%
0.5%
$517,765
$563,250
$562,000
$560,281
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $539
MAY JUN
$577,000
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
$577 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CLAIREMONT/BAY HO/BAY PARK
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$677,500
$640,000
$757,500
$710,000
4.8%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
37
32
24
43
16.2%
Properties Pending Sale .......................
46
30
36
36
-21.7%
Properties For Sale ..............................
84
80
66
75
-10.7%
Days on Market (Pending Sale) .............
17
22
15
19
11.8%
Month’s Supply of Inventory .................
2.3
2.5
2.8
1.7
-23.2%
Percent Under Contract .......................
54.8%
37.5%
54.5%
48.0%
-12.3%
$611,225
$704,241
$704,667
$675,284
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$677
JUN
$710,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$710 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CORONADO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,650,000
$2,039,500
$1,997,500
$1,835,000
11.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
17
16
12
21
23.5%
Properties Pending Sale .......................
10
18
10
14
40.0%
Properties For Sale ..............................
116
88
92
109
-6.0%
Days on Market (Pending Sale) .............
91
146
60
56
-38.5%
Month’s Supply of Inventory .................
6.8
5.5
7.7
5.2
-23.9%
Percent Under Contract .......................
8.6%
20.5%
10.9%
12.8%
49.0%
$1,726,708
$2,358,542
$2,272,083
$2,125,058
18.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.650
JUN
$1,835,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.835 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DEL MAR
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,025,000
$1,677,500
$1,987,500
$2,072,500
2.3%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
13
14
12
16
23.1%
Properties Pending Sale .......................
20
18
14
17
-15.0%
Properties For Sale ..............................
101
114
83
98
-3.0%
Days on Market (Pending Sale) .............
43
62
39
66
53.5%
Month’s Supply of Inventory .................
7.8
8.1
6.9
6.1
-21.2%
Percent Under Contract .......................
19.8%
15.8%
16.9%
17.3%
-12.4%
$1,797,958
$2,058,750
$2,082,500
$1,988,125
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$2.025
JUN
$2,072,500
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$2.072 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
EL CAJON
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$527,500
$519,950
$502,500
$562,500
6.6%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
102
102
80
89
-12.7%
Properties Pending Sale .......................
140
81
77
154
10.0%
Properties For Sale ..............................
318
281
265
377
18.6%
Days on Market (Pending Sale) .............
28
34
26
29
3.6%
Month’s Supply of Inventory .................
3.1
2.8
3.3
4.2
35.9%
Percent Under Contract .......................
44.0%
28.8%
29.1%
40.8%
-7.2%
$493,089
$521,083
$534,000
$519,708
5.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $527
MAY JUN
$562,500
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$562 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ENCINITAS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,100,000
$1,389,500
$1,236,000
$1,299,000
18.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
55
28
32
45
-18.2%
Properties Pending Sale .......................
59
35
31
52
-11.9%
Properties For Sale ..............................
177
112
94
157
-11.3%
Days on Market (Pending Sale) .............
45
41
17
40
-11.1%
Month’s Supply of Inventory .................
3.2
4
2.9
3.5
8.4%
Percent Under Contract .......................
33.3%
31.2%
33.0%
33.1%
-0.6%
$1,193,098
$1,342,500
$1,509,667
$1,291,308
7.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.100
JUN
$1,299,000
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
$1.299 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ESCONDIDO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$560,000
$547,500
$562,500
$575,000
2.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
152
108
88
147
-3.3%
Properties Pending Sale .......................
185
123
124
156
-15.7%
Properties For Sale ..............................
526
418
367
507
-3.6%
Days on Market (Pending Sale) .............
36
36
27
35
-2.8%
Month’s Supply of Inventory .................
3.5
3.9
4.2
3.4
-0.3%
Percent Under Contract .......................
35.2%
29.4%
33.8%
30.8%
-12.5%
$515,750
$550,900
$558,633
$541,877
4.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $560
MAY JUN
$575,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.4 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$575 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
IMPERIAL-BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$607,918
$595,000
$590,000
$605,000
-0.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
8
13
5
15
87.5%
Properties Pending Sale .......................
7
14
12
18
157.1%
Properties For Sale ..............................
31
50
52
49
58.1%
Days on Market (Pending Sale) .............
35
42
67
30
-14.3%
Month’s Supply of Inventory .................
3.9
3.8
10.4
3.3
-15.7%
Percent Under Contract .......................
22.6%
28.0%
23.1%
36.7%
62.7%
$540,322
$583,750
$600,000
$583,686
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $607
MAY JUN
$605,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$605 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LA JOLLA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$2,455,000
$2,240,000
$2,019,000
$1,888,500
-23.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
31
23
15
32
3.2%
Properties Pending Sale .......................
37
25
35
42
13.5%
Properties For Sale ..............................
253
211
202
241
-4.7%
Days on Market (Pending Sale) .............
53
91
62
60
13.2%
Month’s Supply of Inventory .................
8.2
9.2
13.5
7.5
-7.7%
Percent Under Contract .......................
14.6%
11.8%
17.3%
17.4%
19.2%
$1,971,750
$2,287,750
$2,188,667
$2,261,173
12.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $2.455
MAY JUN
$1,888,500
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.888 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LA MESA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$577,000
$600,000
$582,000
$570,000
-1.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
72
57
45
65
-9.7%
Properties Pending Sale .......................
68
52
53
71
4.4%
Properties For Sale ..............................
171
170
151
198
15.8%
Days on Market (Pending Sale) .............
27
31
31
29
7.4%
Month’s Supply of Inventory .................
2.5
3.3
2.8
3
21.1%
Percent Under Contract .......................
39.8%
30.6%
35.1%
35.9%
-9.8%
$534,500
$587,833
$583,333
$581,222
8.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $577
MAY JUN
$570,000
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
$570 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LINDA VISTA/CLAIREMONT MESA EAST
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$579,000
$579,000
$640,000
$640,750
10.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
24
17
15
24
0.0%
Properties Pending Sale .......................
26
15
12
22
-15.4%
Properties For Sale ..............................
45
39
25
44
-2.2%
Days on Market (Pending Sale) .............
15
21
16
14
-6.7%
Month’s Supply of Inventory .................
1.7
2.6
2.1
1.8
5.9%
Percent Under Contract .......................
57.8%
38.5%
48.0%
50.0%
-13.5%
$556,458
$638,292
$637,417
$620,569
10.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$579
JUN
$640,750
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LEMON GROVE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$419,000
$443,000
$455,000
$465,000
11.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
21
16
21
28
33.3%
Properties Pending Sale .......................
22
16
13
23
4.5%
Properties For Sale ..............................
42
48
37
45
7.1%
Days on Market (Pending Sale) .............
14
32
14
22
57.1%
Month’s Supply of Inventory .................
1.9
3
2.8
1.6
-15.8%
Percent Under Contract .......................
52.4%
33.3%
35.1%
51.1%
-2.4%
$424,396
$460,000
$473,333
$449,308
5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$419
JUN
$465,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$465 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
NATIONAL CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$400,000
$434,950
$435,000
$445,500
11.4%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
15
16
15
16
6.7%
Properties Pending Sale .......................
14
16
16
8
-42.9%
Properties For Sale ..............................
46
48
42
31
-32.6%
Days on Market (Pending Sale) .............
19
32
54
29
52.6%
Month’s Supply of Inventory .................
3.3
3
2.6
1.9
-41.0%
Percent Under Contract .......................
30.4%
33.3%
38.1%
25.8%
-15.2%
$384,938
$432,333
$420,167
$424,612
9.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$400
JUN
$445,500
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
$445 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
OCEANSIDE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$550,000
$575,000
$540,000
$599,000
8.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
145
81
82
124
-14.5%
Properties Pending Sale .......................
162
107
115
143
-11.7%
Properties For Sale ..............................
348
272
265
370
6.3%
Days on Market (Pending Sale) .............
23
34
25
32
39.1%
Month’s Supply of Inventory .................
2.4
3.4
3.2
3
24.3%
Percent Under Contract .......................
46.6%
39.3%
43.4%
38.6%
-17.0%
$1,055,000
$562,563
$577,333
$559,398
-88.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$550
JUN
$599,000
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
$599 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
POWAY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$765,000
$699,000
$775,000
$816,500
6.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
59
53
29
45
-23.7%
Properties Pending Sale .......................
52
37
39
60
15.4%
Properties For Sale ..............................
176
120
104
168
-4.5%
Days on Market (Pending Sale) .............
21
39
25
30
42.9%
Month’s Supply of Inventory .................
3
2.3
3.6
3.7
25.2%
Percent Under Contract .......................
29.5%
30.8%
37.5%
35.7%
20.9%
$702,817
$785,750
$795,500
$759,035
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $765
MAY JUN
$816,500
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$816 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
RANCHO BERNARDO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$885,250
$805,000
$830,000
$890,000
0.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
114
63
53
93
-18.4%
Properties Pending Sale .......................
131
60
78
113
-13.7%
Properties For Sale ..............................
338
208
229
337
-0.3%
Days on Market (Pending Sale) .............
25
32
20
35
40.0%
Month’s Supply of Inventory .................
4.2
4.3
5
3.6
-14.3%
Percent Under Contract .......................
38.8%
28.8%
34.1%
33.5%
-13.5%
$771,153
$844,683
$845,667
$854,839
9.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $885
MAY JUN
$890,000
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
$890 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN MARCOS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$626,500
$656,000
$540,000
$695,000
10.9%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
84
76
82
61
-27.4%
Properties Pending Sale .......................
92
61
116
94
2.2%
Properties For Sale ..............................
190
156
263
236
24.2%
Days on Market (Pending Sale) .............
17
28
24
22
29.4%
Month’s Supply of Inventory .................
2.3
2.1
3.2
3.9
71.0%
Percent Under Contract .......................
48.4%
39.1%
44.1%
39.8%
-17.7%
$583,875
$647,667
$687,333
$645,077
9.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$626
JUN
$695,000
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
$695 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SAN DIEGO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$631,500
$640,000
$688,000
$692,500
9.7%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
66
56
52
77
16.7%
Properties Pending Sale .......................
88
54
60
64
-27.3%
Properties For Sale ..............................
160
143
119
150
-6.2%
Days on Market (Pending Sale) .............
23
24
16
18
-21.7%
Month’s Supply of Inventory .................
2.4
2.6
2.3
1.9
-19.6%
Percent Under Contract .......................
55.0%
37.8%
50.4%
42.7%
-22.4%
$599,263
$684,250
$688,500
$662,773
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$631
JUN
$692,500
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
$692 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTEE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$497,500
$517,000
$547,000
$557,000
12.0%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
44
33
26
76
72.7%
Properties Pending Sale .......................
41
36
35
54
31.7%
Properties For Sale ..............................
87
76
89
131
50.6%
Days on Market (Pending Sale) .............
25
29
25
19
-24.0%
Month’s Supply of Inventory .................
2
2.3
3.4
1.7
-12.8%
Percent Under Contract .......................
47.1%
47.4%
39.3%
41.2%
-12.5%
$480,033
$537,667
$540,667
$525,458
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$497
JUN
$557,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$557 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SOLANA BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,850,000
$1,675,000
$1,345,000
$1,910,000
3.2%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
12
1
8
7
-41.7%
Properties Pending Sale .......................
13
4
8
10
-23.1%
Properties For Sale ..............................
37
23
22
33
-10.8%
Days on Market (Pending Sale) .............
37
52
47
60
62.2%
Month’s Supply of Inventory .................
3.1
23
2.8
4.7
52.9%
Percent Under Contract .......................
35.1%
17.4%
36.4%
30.3%
-13.8%
$1,600,250
$1,601,083
$1,687,167
$1,608,904
0.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.850
JUN
$1,910,000
JUL AUG
MEDIAN SALES PRICE
SEP
N/A
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.910 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SPRING VALLEY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$447,500
$485,000
$477,500
$475,000
6.1%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
52
38
36
43
-17.3%
Properties Pending Sale .......................
65
42
46
69
6.2%
Properties For Sale ..............................
133
121
122
149
12.0%
Days on Market (Pending Sale) .............
31
29
26
33
6.5%
Month’s Supply of Inventory .................
2.6
3.2
3.4
3.5
35.5%
Percent Under Contract .......................
48.9%
34.7%
37.7%
46.3%
-5.2%
$436,413
$488,500
$498,333
$472,788
7.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$447
JUN
$475,000
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
$475 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
VISTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$531,500
$567,500
$552,500
$550,000
3.5%
Average Price per Square Foot ..............
n/a
n/a
n/a
n/a
n/a
Properties Sold ...................................
90
64
56
79
-12.2%
Properties Pending Sale .......................
100
67
71
83
-17.0%
Properties For Sale ..............................
257
222
179
282
9.7%
Days on Market (Pending Sale) .............
28
37
42
21
-25.0%
Month’s Supply of Inventory .................
2.9
3.5
3.2
3.6
25.0%
Percent Under Contract .......................
38.9%
30.2%
39.7%
29.4%
-24.4%
$499,021
$552,750
$551,333
$546,100
8.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $531
MAY JUN
$550,000
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
$550 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
RIVERSIDE COUNTY
BERMUDA DUNES
LA QUINTA
CATHEDRAL CITY
PALM DESERT
COACHELLA
PALM SPRINGS
DESERT HOT SPRINGS
RANCHO MIRAGE
INDIAN WELLS
THOUSAND PALMS
INDIO
Micro Market Report : May 2018
COUNTY: RIVERSIDE AREA: 7,303 SQ MILES FOUNDED: 1893
Micro Market Report : May 2018
BERMUDA DUNES
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$301,250
$0
$0
$400,000
32.8%
Average Price per Square Foot ..............
$142
$0
$0
$143
0.7%
Properties Sold ...................................
4
0
0
1
-75.0%
Properties Pending Sale .......................
0
2
3
1
n/a
Properties For Sale ..............................
10
15
11
8
-20.0%
Days on Market (Pending Sale) .............
0
156
122
51
n/a
Month’s Supply of Inventory .................
2.5
n/a
n/a
8
220.0%
Percent Under Contract .......................
0.0%
13.3%
27.3%
12.5%
n/a
$315,333
$493,582
$443,333
$425,106
25.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$301
JUN
$400,000
JUL AUG
MEDIAN SALES PRICE
SEP
$143
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$400 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CATHEDRAL CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$283,000
$295,000
$345,000
$300,000
6.0%
Average Price per Square Foot ..............
$170
$182
$199
$183
7.6%
Properties Sold ...................................
26
23
17
25
-3.8%
Properties Pending Sale .......................
26
24
26
30
15.4%
Properties For Sale ..............................
126
113
108
105
-16.7%
Days on Market (Pending Sale) .............
48
52
49
39
-18.8%
Month’s Supply of Inventory .................
4.8
4.9
6.4
4.2
-13.3%
Percent Under Contract .......................
20.6%
21.2%
24.1%
28.6%
38.5%
$279,575
$316,750
$306,500
$309,265
9.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$283
JUN
$300,000
JUL AUG
MEDIAN SALES PRICE
SEP
$183
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$300 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
COACHELLA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$245,500
$262,950
$260,500
$245,000
-0.2%
Average Price per Square Foot ..............
$126
$141
$123
$184
46.0%
Properties Sold ...................................
2
4
4
3
50.0%
Properties Pending Sale .......................
4
4
4
4
0.0%
Properties For Sale ..............................
15
18
13
14
-6.7%
Days on Market (Pending Sale) .............
28
36
86
9
-67.9%
Month’s Supply of Inventory .................
7.5
4.5
3.2
4.7
-37.8%
Percent Under Contract .......................
26.7%
22.2%
30.8%
28.6%
7.1%
$209,833
$257,833
$249,833
$248,912
15.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$245
JUN
$245,000
JUL AUG
MEDIAN SALES PRICE
SEP
$184
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$245 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DESERT HOT SPRINGS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$190,000
$227,500
$215,000
$217,450
14.4%
Average Price per Square Foot ..............
$120
$147
$142
$133
10.8%
Properties Sold ...................................
28
24
21
26
-7.1%
Properties Pending Sale .......................
29
27
38
37
27.6%
Properties For Sale ..............................
160
174
161
156
-2.5%
Days on Market (Pending Sale) .............
84
62
63
63
-25.0%
Month’s Supply of Inventory .................
5.7
7.2
7.7
6
5.0%
Percent Under Contract .......................
18.1%
15.5%
23.6%
23.7%
30.9%
$181,999
$218,492
$214,983
$211,585
14.0%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$190
JUN
$217,450
JUL AUG
MEDIAN SALES PRICE
SEP
$133
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$217 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
INDIAN WELLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$535,000
$625,000
$470,000
$644,000
20.4%
Average Price per Square Foot ..............
$248
$253
$260
$240
-3.2%
Properties Sold ...................................
5
3
1
2
-60.0%
Properties Pending Sale .......................
0
2
0
1
n/a
Properties For Sale ..............................
14
18
14
15
7.1%
Days on Market (Pending Sale) .............
0
30
0
9
n/a
Month’s Supply of Inventory .................
2.8
6
14
7.5
167.9%
Percent Under Contract .......................
0.0%
11.1%
0.0%
6.7%
n/a
$596,396
$678,500
$527,000
$811,500
26.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$535
JUN
$644,000
JUL AUG
MEDIAN SALES PRICE
SEP
$240
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
7.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$644 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
INDIO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$267,500
$245,250
$289,000
$319,290
19.4%
Average Price per Square Foot ..............
$142
$142
$161
$173
21.8%
Properties Sold ...................................
14
8
15
23
64.3%
Properties Pending Sale .......................
20
10
22
29
45.0%
Properties For Sale ..............................
97
98
91
95
-2.1%
Days on Market (Pending Sale) .............
102
84
44
80
-21.6%
Month’s Supply of Inventory .................
6.9
12.2
6.1
4.1
-40.4%
Percent Under Contract .......................
20.6%
10.2%
24.2%
30.5%
48.1%
$291,454
$294,840
$302,513
$287,099
-1.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$267
JUN
$319,290
JUL AUG
MEDIAN SALES PRICE
SEP
$173
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$319 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
LA QUINTA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$360,000
$339,750
$374,900
$331,450
-7.9%
Average Price per Square Foot ..............
$211
$166
$184
$202
-4.3%
Properties Sold ...................................
13
10
3
14
7.7%
Properties Pending Sale .......................
18
11
14
10
-44.4%
Properties For Sale ..............................
103
67
78
84
-18.4%
Days on Market (Pending Sale) .............
68
74
40
77
13.2%
Month’s Supply of Inventory .................
7.9
6.7
26
6
-24.3%
Percent Under Contract .......................
17.5%
16.4%
17.9%
11.9%
-31.9%
$350,181
$365,392
$361,483
$363,469
3.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$360
JUN
$331,450
JUL AUG
MEDIAN SALES PRICE
SEP
$202
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
6 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$331 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PALM DESERT
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$331,000
$373,500
$340,000
$354,000
6.9%
Average Price per Square Foot ..............
$186
$198
$187
$206
10.8%
Properties Sold ...................................
14
16
16
12
-14.3%
Properties Pending Sale .......................
17
11
23
25
47.1%
Properties For Sale ..............................
100
95
130
112
12.0%
Days on Market (Pending Sale) .............
54
41
45
76
40.7%
Month’s Supply of Inventory .................
7.1
5.9
8.1
9.3
30.7%
Percent Under Contract .......................
17.0%
11.6%
17.7%
22.3%
31.3%
$348,176
$394,650
$363,000
$370,108
5.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$331
JUN
$354,000
JUL AUG
MEDIAN SALES PRICE
SEP
$206
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
9.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$354 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
PALM SPRINGS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$600,000
$626,500
$621,000
$655,000
9.2%
Average Price per Square Foot ..............
$335
$338
$329
$352
5.1%
Properties Sold ...................................
81
59
54
92
13.6%
Properties Pending Sale .......................
100
64
75
79
-21.0%
Properties For Sale ..............................
456
406
451
431
-5.5%
Days on Market (Pending Sale) .............
80
65
56
60
-25.0%
Month’s Supply of Inventory .................
5.6
6.9
8.4
4.7
-16.8%
Percent Under Contract .......................
21.9%
15.8%
16.6%
18.3%
-16.4%
$587,163
$652,567
$671,667
$629,512
6.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$600
JUN
$655,000
JUL AUG
MEDIAN SALES PRICE
SEP
$352
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$655 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
RANCHO MIRAGE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$600,000
$667,500
$665,000
$618,500
3.1%
Average Price per Square Foot ..............
$335
$289
$256
$269
-19.7%
Properties Sold ...................................
81
14
16
25
-69.1%
Properties Pending Sale .......................
100
16
29
20
-80.0%
Properties For Sale ..............................
456
135
146
129
-71.7%
Days on Market (Pending Sale) .............
80
58
82
151
88.8%
Month’s Supply of Inventory .................
5.6
9.6
9.1
5.2
-8.3%
Percent Under Contract .......................
21.9%
11.9%
19.9%
15.5%
-29.3%
$523,625
$608,958
$602,000
$587,519
10.9%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$600
JUN
$618,500
JUL AUG
MEDIAN SALES PRICE
SEP
$269
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$618 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
THOUSAND PALMS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$190,000
$0
$225,999
$290,000
52.6%
Average Price per Square Foot ..............
$152
$0
$189
$167
9.9%
Properties Sold ...................................
1
0
1
3
200.0%
Properties Pending Sale .......................
0
1
0
6
n/a
Properties For Sale ..............................
14
12
7
16
14.3%
Days on Market (Pending Sale) .............
0
161
0
29
n/a
Month’s Supply of Inventory .................
n/a
12
n/a
5.3
n/a
Percent Under Contract .......................
0.0%
8.3%
0.0%
37.5%
n/a
$111,199
$343,208
$254,417
$273,189
59.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$190
JUN
$290,000
JUL AUG
MEDIAN SALES PRICE
SEP
$167
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.3 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$290 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CONDOMINIUMS
BEVERLY CENTER - MIRACLE MILE
SANTA MONICA
BEVERLY HILLS
SHERMAN OAKS
BRENTWOOD
STUDIO CITY
CULVER CITY
VENICE
ENCINO
WEST HOLLYWOOD
MALIBU
WEST LA
MARINA DEL REY
WESTWOOD - CENTURY CITY
Micro Market Report : May 2018
COUNTY: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : May 2018
BEVERLY CENTER - MIRACLE MILE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$865,000
$935,000
$557,000
$806,000
-6.8%
Average Price per Square Foot ..............
$591
$633
$684
$568
-3.9%
Properties Sold ...................................
10
9
6
8
-20.0%
Properties Pending Sale .......................
11
6
5
7
-36.4%
Properties For Sale ..............................
28
17
19
18
-35.7%
Days on Market (Pending Sale) .............
30
32
16
19
-36.7%
Month’s Supply of Inventory .................
2.8
1.9
3.2
2.2
-19.6%
Percent Under Contract .......................
39.3%
35.3%
26.3%
38.9%
-1.0%
$753,833
$741,167
$877,000
$759,270
0.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$865
JUN
$806,000
JUL AUG
MEDIAN SALES PRICE
SEP
$568
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$806 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BEVERLY HILLS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,737,500
$1,147,000
$1,347,500
$1,160,063
-33.2%
Average Price per Square Foot ..............
$951
$792
$725
$743
-21.9%
Properties Sold ...................................
10
10
8
16
60.0%
Properties Pending Sale .......................
8
10
5
11
37.5%
Properties For Sale ..............................
59
47
39
45
-23.7%
Days on Market (Pending Sale) .............
46
40
57
20
-56.5%
Month’s Supply of Inventory .................
5.9
4.7
4.9
2.8
-52.3%
Percent Under Contract .......................
13.6%
21.3%
12.8%
24.4%
80.3%
$1,292,199
$1,261,585
$1,223,854
$1,263,347
-2.2%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $1.737
MAY JUN
$1,160,063
JUL AUG
MEDIAN SALES PRICE
SEP
$743
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.160 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
BRENTWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$995,000
$747,500
$932,000
$942,500
-5.3%
Average Price per Square Foot ..............
$671
$660
$652
$653
-2.7%
Properties Sold ...................................
21
14
8
12
-42.9%
Properties Pending Sale .......................
18
13
11
16
-11.1%
Properties For Sale ..............................
56
42
45
60
7.1%
Days on Market (Pending Sale) .............
29
54
27
32
10.3%
Month’s Supply of Inventory .................
2.7
3
5.6
5
87.5%
Percent Under Contract .......................
32.1%
31.0%
24.4%
26.7%
-17.0%
$846,421
$930,000
$936,167
$920,692
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $995
MAY JUN
$942,500
JUL AUG
MEDIAN SALES PRICE
SEP
$653
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$942 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
CULVER CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$507,500
$535,000
$580,500
$590,000
16.3%
Average Price per Square Foot ..............
$523
$532
$532
$646
23.5%
Properties Sold ...................................
22
11
6
14
-36.4%
Properties Pending Sale .......................
12
15
14
10
-16.7%
Properties For Sale ..............................
23
35
26
25
8.7%
Days on Market (Pending Sale) .............
29
39
13
32
10.3%
Month’s Supply of Inventory .................
1
3.2
4.3
1.8
70.8%
Percent Under Contract .......................
52.2%
42.9%
53.8%
40.0%
-23.3%
$487,631
$555,458
$578,917
$544,250
11.6%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$507
JUN
$590,000
JUL AUG
MEDIAN SALES PRICE
SEP
$646
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$590 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
DOWNTOWN
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$600,000
$600,000
$633,750
$669,000
11.5%
Average Price per Square Foot ..............
$659
$662
$753
$692
5.0%
Properties Sold ...................................
46
29
28
32
-30.4%
Properties Pending Sale .......................
38
33
38
40
5.3%
Properties For Sale ..............................
219
191
182
188
-14.2%
Days on Market (Pending Sale) .............
49
48
32
38
-22.4%
Month’s Supply of Inventory .................
4.8
6.6
6.5
5.9
23.4%
Percent Under Contract .......................
17.4%
17.3%
20.9%
21.3%
22.6%
$583,667
$627,958
$617,667
$632,577
8.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$600
JUN
$669,000
JUL AUG
MEDIAN SALES PRICE
SEP
$692
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.9 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$669 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
ENCINO
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$378,000
$260,000
$565,000
$369,000
-2.4%
Average Price per Square Foot ..............
$320
$349
$405
$382
19.4%
Properties Sold ...................................
16
11
11
24
50.0%
Properties Pending Sale .......................
21
21
18
17
-19.0%
Properties For Sale ..............................
30
15
19
25
-16.7%
Days on Market (Pending Sale) .............
62
53
41
41
-33.9%
Month’s Supply of Inventory .................
1.9
1.4
1.7
1
-44.4%
Percent Under Contract .......................
70.0%
140.0%
94.7%
68.0%
-2.9%
$362,167
$429,333
$398,333
$388,923
7.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$378
JUN
$369,000
JUL AUG
MEDIAN SALES PRICE
SEP
$382
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$369 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MALIBU
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$877,500
$1,005,000
$725,000
$635,000
-27.6%
Average Price per Square Foot ..............
$533
$658
$720
$601
12.8%
Properties Sold ...................................
2
3
2
1
-50.0%
Properties Pending Sale .......................
3
2
2
0
-100.0%
Properties For Sale ..............................
24
21
15
24
0.0%
Days on Market (Pending Sale) .............
0
164
48
0
n/a
Month’s Supply of Inventory .................
12
7
7.5
n/a
n/a
Percent Under Contract .......................
12.5%
9.5%
13.3%
0.0%
-100.0%
$880,646
$986,500
$917,500
$929,500
5.5%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT $877
MAY JUN
$635,000
JUL AUG
MEDIAN SALES PRICE
SEP
$601
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
N/A MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$635 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MALIBU BEACH
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$718,500
$730,000
$785,000
$1,110,000
54.5%
Average Price per Square Foot ..............
$621
$734
$789
$1,322
112.9%
Properties Sold ...................................
2
1
1
2
0.0%
Properties Pending Sale .......................
2
1
0
1
-50.0%
Properties For Sale ..............................
11
10
13
16
45.5%
Days on Market (Pending Sale) .............
277
144
0
159
-42.6%
Month’s Supply of Inventory .................
5.5
10
13
0.1
-98.2%
Percent Under Contract .......................
18.2%
10.0%
0.0%
6.2%
-65.6%
$813,833
$1,323,000
$1,055,000
$1,080,829
32.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$718
JUN
$1,110,000
JUL AUG
MEDIAN SALES PRICE
SEP
$1,322
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
0.1 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.110 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
MARINA DEL REY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$927,750
$895,000
$935,000
$1,162,000
25.2%
Average Price per Square Foot ..............
$703
$722
$744
$792
12.7%
Properties Sold ...................................
26
27
14
19
-26.9%
Properties Pending Sale .......................
21
25
18
21
0.0%
Properties For Sale ..............................
94
85
73
95
1.1%
Days on Market (Pending Sale) .............
42
37
19
18
-57.1%
Month’s Supply of Inventory .................
3.6
3.1
5.2
5
38.3%
Percent Under Contract .......................
22.3%
29.4%
24.7%
22.1%
-1.1%
$905,645
$1,004,083
$1,073,167
$957,704
5.7%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$927
JUN
$1,162,000
JUL AUG
MEDIAN SALES PRICE
SEP
$792
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.162 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SANTA MONICA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,025,000
$837,500
$1,187,500
$1,055,000
2.9%
Average Price per Square Foot ..............
$914
$1,017
$918
$991
8.4%
Properties Sold ...................................
24
23
22
25
4.2%
Properties Pending Sale .......................
37
23
25
28
-24.3%
Properties For Sale ..............................
100
80
98
118
18.0%
Days on Market (Pending Sale) .............
35
34
29
27
-22.9%
Month’s Supply of Inventory .................
4.2
3.5
4.5
4.7
13.3%
Percent Under Contract .......................
37.0%
28.7%
25.5%
23.7%
-35.9%
$900,271
$1,076,417
$1,020,000
$1,047,808
16.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.025
JUN
$1,055,000
JUL AUG
MEDIAN SALES PRICE
SEP
$991
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
4.7 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.055 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
SHERMAN OAKS
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$485,000
$522,000
$570,000
$580,000
19.6%
Average Price per Square Foot ..............
$399
$384
$392
$416
4.3%
Properties Sold ...................................
30
20
11
12
-60.0%
Properties Pending Sale .......................
36
22
22
22
-38.9%
Properties For Sale ..............................
30
13
12
30
0.0%
Days on Market (Pending Sale) .............
33
50
20
27
-18.2%
Month’s Supply of Inventory .................
1
0.6
1.1
2.5
150.0%
Percent Under Contract .......................
120.0%
169.2%
183.3%
73.3%
-38.9%
Average Median Price for Last 12 Months
$458,250
$543,000
$564,000
$525,769
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
$485
JUN
$580,000
JUL AUG
MEDIAN SALES PRICE
SEP
$416
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
2.5 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$580 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
STUDIO CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$622,000
$715,000
$665,000
$640,000
2.9%
Average Price per Square Foot ..............
$463
$472
$533
$486
5.0%
Properties Sold ...................................
12
15
5
9
-25.0%
Properties Pending Sale .......................
9
14
9
10
11.1%
Properties For Sale ..............................
16
15
8
16
0.0%
Days on Market (Pending Sale) .............
72
46
39
34
-52.8%
Month’s Supply of Inventory .................
1.3
1
1.6
1.8
33.3%
Percent Under Contract .......................
56.2%
93.3%
112.5%
62.5%
11.1%
$572,250
$660,500
$651,000
$679,615
18.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$622
JUN
$640,000
JUL AUG
MEDIAN SALES PRICE
SEP
$486
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
1.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$640 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
VENICE
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$1,175,000
$1,465,000
$1,525,000
$1,915,000
63.0%
Average Price per Square Foot ..............
$905
$912
$790
$878
-3.0%
Properties Sold ...................................
4
2
3
1
-75.0%
Properties Pending Sale .......................
3
1
2
2
-33.3%
Properties For Sale ..............................
16
16
13
10
-37.5%
Days on Market (Pending Sale) .............
18
126
92
52
188.9%
Month’s Supply of Inventory .................
4
8
4.3
10
150.0%
Percent Under Contract .......................
18.8%
6.2%
15.4%
20.0%
6.7%
$986,083
$1,522,000
$1,812,500
$1,325,773
34.4%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$1.175
JUN
$1,915,000
JUL AUG
MEDIAN SALES PRICE
SEP
$878
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
10 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$1.915 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST HOLLYWOOD
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$678,000
$700,000
$615,000
$841,000
24.0%
Average Price per Square Foot ..............
$661
$707
$679
$746
12.9%
Properties Sold ...................................
26
26
19
26
0.0%
Properties Pending Sale .......................
35
38
31
30
-14.3%
Properties For Sale ..............................
122
107
91
98
-19.7%
Days on Market (Pending Sale) .............
41
46
32
30
-26.8%
Month’s Supply of Inventory .................
4.7
4.1
4.8
3.8
-19.7%
Percent Under Contract .......................
28.7%
35.5%
34.1%
30.6%
6.7%
$676,292
$750,000
$781,667
$725,858
7.3%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$678
JUN
$841,000
JUL AUG
MEDIAN SALES PRICE
SEP
$746
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.8 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$841 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WEST LA
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$825,000
$815,500
$981,000
$936,000
13.5%
Average Price per Square Foot ..............
$582
$606
$576
$663
13.9%
Properties Sold ...................................
17
16
6
10
-41.2%
Properties Pending Sale .......................
18
10
6
15
-16.7%
Properties For Sale ..............................
38
26
17
32
-15.8%
Days on Market (Pending Sale) .............
21
25
16
24
14.3%
Month’s Supply of Inventory .................
2.2
1.6
2.8
3.2
43.2%
Percent Under Contract .......................
47.4%
38.5%
35.3%
46.9%
-1.0%
$777,863
$926,016
$921,699
$846,097
8.8%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$825
JUN
$936,000
JUL AUG
MEDIAN SALES PRICE
SEP
$663
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
3.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$936 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
WESTWOOD - CENTURY CITY
DATA*
May 2017
6 MONTH
3 MONTH
May 2018
% CHANGE
Median Price ......................................
$920,000
$912,500
$949,000
$917,500
-0.3%
Average Price per Square Foot ..............
$732
$821
$719
$686
-6.3%
Properties Sold ...................................
51
46
31
40
-21.6%
Properties Pending Sale .......................
64
177
50
54
-15.6%
Properties For Sale ..............................
234
177
187
207
-11.5%
Days on Market (Pending Sale) .............
51
49
42
30
-41.2%
Month’s Supply of Inventory .................
4.6
3.8
6
5.2
12.8%
Percent Under Contract .......................
27.4%
100.0%
26.7%
26.1%
-4.6%
$843,479
$967,729
$959,792
$928,375
10.1%
Average Median Price for Last 12 Months
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
CURRENT MARKET SNAPSHOT MAY
$920
JUN
$917,500
JUL AUG
MEDIAN SALES PRICE
SEP
$686
OCT NOV
AVERAGE PRICE PER SQ FT
DEC JAN FEB
5.2 MONTH’S SUPPLY OF INVENTORY
MAR APR MAY
$917 MEDIAN SALES PRICE ($100,000’S)
Micro Market Report : May 2018
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MICRO MARKET REPORT LUXURY REAL ESTATE MARKET RESEARCH May 2018 /
Los Angeles, Orange, Santa Barbara, Monterey, Riverside, San Diego